Home / Business and Economy / Adani Ports Maintains Buy Rating with Rs 1,900 Target
Adani Ports Maintains Buy Rating with Rs 1,900 Target
2 May
Summary
- Adani Ports Q4 revenue surged 27% YoY to Rs 10,700 crore.
- Full-year revenue and EBITDA guidance were met, driven by international ports.
- Motilal Oswal reiterates 'Buy' rating with a target price of Rs 1,900.
Motilal Oswal has reiterated its 'Buy' rating for Adani Ports and Special Economic Zone Ltd., projecting a 15% upside and a target price of Rs 1,900. The company's Q4 FY26 results showcased a significant 27% year-over-year revenue increase, reaching Rs 10,700 crore, and a 20% rise in EBITDA to Rs 6,000 crore. These strong figures surpassed the brokerage's estimates.
Adani Ports successfully met its full-year revenue and EBITDA guidance. This achievement was primarily driven by the expansion of its international port operations, including the consolidation of NQXT, and positive traction in its marine business. The logistics segment also emerged as a crucial growth engine.
The company's integrated port-to-logistics strategy is strengthening, supported by ongoing capacity enhancements and diversification into value-added services. Motilal Oswal anticipates Adani Ports will outpace industry growth, forecasting an 11% increase in cargo volumes and significant CAGR growth in revenue, EBITDA, and PAT over FY26-28.
