Adani Ports share price: The company’s share price surged nearly 4 per cent to hit an intraday high of Rs 1,723 following its Q4FY26 results, buoyed by a strong operational performance and a bullish outlook from multiple brokerages. Analysts highlighted robust cargo growth, expanding margins, and long-term capacity expansion plans, prompting target price revisions that indicate an upside of over 13 per cent.
Elara Capital on Adani Ports & SEZThe brokerage revised to ‘Accumulate’ from ‘Buy’ with a target price of Rs 1,883Q4 revenue grew 26 per cent YoY driven by ports, logistics and marine businessesCargo volumes rose 13 per cent YoY while international ports scaled stronglyBrokerage expects capacity expansion to support sustained double-digit growthLogistics revenue expected to grow 4 times by FY31 while marine revenue may doubleMaintains earnings estimates after 23 per cent stock outperformance in past three monthsTarget price based on 17 times FY28E EV/EBITDA
Adani Ports reported a strong performance for Q4FY26, with revenue rising 26 per cent year-on-year to Rs 10,738 crore, while EBITDA increased 20 per cent to Rs 6,020 crore and net profit grew 9 per cent to Rs 3,308 crore.
The company surpassed its full-year revenue guidance, though EBITDA remained broadly in line with expectations and capital expenditure came in higher than planned. Looking ahead to FY27, the company expects revenue in the range of Rs 43,000–45,000 crore, indicating growth of 11–16 per cent, and EBITDA of Rs 25,000–26,000 crore, up 9–14 per cent. Capex is projected at Rs 12,000 to Rs 14,000 crore, with net debt-to-EBITDA targeted to stay within 2.5 times.
Management attributed the strong quarterly performance to record cargo volumes and robust momentum in logistics and marine segments, while highlighting resilience amid global uncertainties. It also reiterated its long-term ambition to more than double revenue and EBITDA by FY31, with a continued focus on disciplined capital allocation and funding expansion largely through internal accruals.
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