Adani Ports & Special Economic Zone Limited (APSEZ) is engaged in the business of development, operations and maintenance of port infrastructure (port services and related infrastructure development) and has linked multi product Special Economic Zone (SEZ) and related infrastructure contiguous to Port at Mundra. The company was originally incorporated as 'Gujarat Adani Port Limited' (GAPL) on 26 May 1998. APSEZ is an Indian multinational port operator and logistics company, part of Adani Group.
The company is the largest private port operator in India, having 15 ports with a total cargo handling capacity of 633 MMT. It also operates ports in Haifa (Israel), Dar es Salaam (Tanzania), and Colombo (Sri Lanka). In India, APSEZ manages 15 ports and terminals, and currently operates in countries such as Israel, Sri Lanka, Indonesia, Tanzania, and Australia.
APSEZ records all-time high PAT of ₹11,061 Cr in FY25, up 37%. This represents a significant improvement from the previous year's performance, demonstrating the company's strong operational efficiency and growth trajectory.
Operating income during FY24 rose 28.1% on a year-on-year (YoY) basis. The company's operating profit increased by 32.1% YoY during the fiscal. Net profit for the year grew by 50.3% YoY. Net profit margins during the year grew from 25.9% in FY23 to 30.3% in FY24.
The trailing twelve-month earnings per share (EPS) of the company stands at Rs 37.5, an improvement from the EPS of Rs 25.0 recorded last year.
Debt to Equity ratio for FY24 stood at 0.7 as compared to 1.0 in FY23. APSEZ's cash flow from operating activities (CFO) during FY24 stood at Rs 150 billion, an improvement of 26.2% on a YoY basis.
Market Cap ₹ 3,07,690 Cr as of latest available data.
APSEZ handled 41.3 MMT cargo in June 2025 (+12% YoY), Q1 volume 120.6 MMT (+11% YoY), logistics rail volumes also up. In the fiscal year 2023–24, APSEZ managed 420 million metric tonnes (MMT) of cargo, marking a 24% growth.
The company commenced operations at Mundra Port and currently operates 15 ports across all Indian states. Its ports have 45 berths and 14 terminals. Mundra Port is a deep-water, all-weather, berthing on arrival port in the Gulf of Kutch. With 26 berths and dedicated terminals for different cargo and commodity types, it has an annual capacity to handle 231 MMT cargo.
As of 2017, APSEZ operated 3 inland container depots (ICD) through its subsidiary Adani Logistics Ltd. In August 2022, they acquired an additional ICD from Navkar Corporation in Tumb, Gujarat. It holds Category 1 License for the Indian Railways that helps in pan-India cargo movement.
Adani Ports aims to increase cargo traffic in the Middle East, Southeast Asia, Africa, and the Mediterranean through strategic acquisitions and partnerships over the next 3-5 years. This expansion aligns with the company's strategy to enhance its international presence and increase the contribution of its overseas ports to total revenue from the current 10 per cent to approximately 20-25 per cent over the next three years.
Moving forward, Adani Ports aims to handle 800-850 million metric tonnes (MMT) of domestic cargo by 2030, with an overall target of 1 billion tonnes of cargo annually including international volumes. The international cargo capacity is expected to grow to about 140-150 MMT by 2030, increasing the share of global operations.
In March 2024, Adani Ports and Special Economic Zone announced the acquisition of a 95% stake in Gopalpur port, located in Odisha, for approximately $162 million. This strategic move aims to enhance Adani Ports' presence along India's east coast.
In August 2024, APSEZ announced acquisition of 80% stake in Astro Offshore for $185 million. This move will help add to its roster of Tier-1 customers.
APSEZ acquires 50 MTPA capacity NQXT Australia, accelerating path to 1 billion tonnes p.a. by 2030.
Adani Ports' credit ratings reaffirmed at CARE AAA and A1+ for Rs. 34,472 crore facilities. In July 2024, the ratings agency ICRA has upgraded the rating of Adani Ports and Special Economic Zone (APSEZ) to AAA/Stable from AA+/Stable.
Adani Ports maintains 'Strong' CRISIL ESG rating with overall score 61 and Core ESG 67 in July 2025. Adani Ports named 2024 Supplier Engagement leader by CDP for climate change efforts.
This expansion involves a planned investment of around Rs 1.2 tn over the next six years. The company aims to primarily funded the same through internal accruals, reflecting strong cash flow generation from operations.
The logistics segment, including warehouses and multimodal parks, is expected to grow rapidly, becoming a significant contributor alongside ports.
The first phase of the Vizhinjam port will be completed by December and the port will be fully ready by 2028-29. The MD reaffirmed a total investment of 200 billion rupees ($2.39 billion) in the port by the company and the Kerala state.
The Vizhinjam deep-sea port at the southern tip of the country is of strategic importance due to its proximity to international shipping routes and will help India rival Dubai, Singapore and Sri Lanka.
The company continues to demonstrate strong financial performance with robust growth in cargo handling volumes and strategic expansion plans positioning it well for long-term growth in India's expanding trade and logistics sector.
