Adani Ports and Special Economic Zone Limited (ADANIPORTS) - Net Assets

Latest as of March 2026: Rs989.81 Billion INR ≈ $10.70 Billion USD

Based on the latest financial reports, Adani Ports and Special Economic Zone Limited (ADANIPORTS) has net assets worth Rs989.81 Billion INR (≈ $10.70 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.85 Trillion ≈ $20.04 Billion USD) and total liabilities (Rs863.33 Billion ≈ $9.34 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible equity quality of Adani Ports and Special Economic Zone Li to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs989.81 Billion
% of Total Assets	53.41%
Annual Growth Rate	23.68%
5-Year Change	156.14%
10-Year Change	460.32%
Growth Volatility	50.62

Adani Ports and Special Economic Zone Limited - Net Assets Trend (2004–2026)

This chart illustrates how Adani Ports and Special Economic Zone Limited's net assets have evolved over time, based on quarterly financial data. See ADANIPORTS defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Adani Ports and Special Economic Zone Limited (2004–2026)

The table below shows the annual net assets of Adani Ports and Special Economic Zone Limited from 2004 to 2026. For live valuation and market cap data, see market value of Adani Ports and Special Economic Zone Li.

Year	Net Assets	Change
2026-03-31	Rs989.81 Billion ≈ $10.70 Billion	+52.34%
2025-03-31	Rs649.73 Billion ≈ $7.03 Billion	+19.12%
2024-03-31	Rs545.43 Billion ≈ $5.90 Billion	+16.25%
2023-03-31	Rs469.17 Billion ≈ $5.07 Billion	+21.41%
2022-03-31	Rs386.43 Billion ≈ $4.18 Billion	+20.39%
2021-03-31	Rs320.97 Billion ≈ $3.47 Billion	+24.20%
2020-03-31	Rs258.43 Billion ≈ $2.79 Billion	+4.42%
2019-03-31	Rs247.48 Billion ≈ $2.68 Billion	+16.64%
2018-03-31	Rs212.18 Billion ≈ $2.29 Billion	+20.11%
2017-03-31	Rs176.65 Billion ≈ $1.91 Billion	+29.61%
2016-03-31	Rs136.29 Billion ≈ $1.47 Billion	+19.35%
2015-03-31	Rs114.19 Billion ≈ $1.23 Billion	+28.14%
2014-03-31	Rs89.12 Billion ≈ $963.77 Million	+36.30%
2013-03-31	Rs65.39 Billion ≈ $707.12 Million	+32.09%
2012-03-31	Rs49.50 Billion ≈ $535.34 Million	+15.43%
2011-03-31	Rs42.89 Billion ≈ $463.79 Million	+21.28%
2010-03-31	Rs35.36 Billion ≈ $382.41 Million	+20.28%
2009-03-31	Rs29.40 Billion ≈ $317.93 Million	+12.14%
2008-03-31	Rs26.22 Billion ≈ $283.51 Million	+249.20%
2007-03-31	Rs7.51 Billion ≈ $81.19 Million	+25.42%
2006-03-31	Rs5.99 Billion ≈ $64.73 Million	-41.95%
2005-03-31	Rs10.31 Billion ≈ $111.51 Million	+11.64%
2004-03-31	Rs9.24 Billion ≈ $99.88 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Adani Ports and Special Economic Zone Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 56564590000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	Rs565.65 Billion	58.84%
Common Stock	Rs4.61 Billion	0.48%
Other Components	Rs391.00 Billion	40.68%
Total Equity	Rs961.25 Billion	100.00%

Adani Ports and Special Economic Zone Limited Competitors by Market Cap

The table below lists competitors of Adani Ports and Special Economic Zone Limited ranked by their market capitalization.

Company	Market Cap
HOLCIM NEW(U.ADR)1/5/SF2 F:HLB	$45.78 Billion
Xcel Energy Inc NASDAQ:XEL	$45.79 Billion
DR Horton Inc NYSE:DHI	$45.84 Billion
Ambev SA ADR NYSE:ABEV	$45.92 Billion
Quanta Computer Inc TW:2382	$45.66 Billion
BASF SE F:BASA	$45.63 Billion
KBC GROEP N.V. ADR F:KDB0	$45.62 Billion
Goodman Group AU:GMG	$45.57 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Adani Ports and Special Economic Zone Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 624,353,900,000 to 961,253,000,000, a change of 336,899,100,000 (54.0%).
Net income of 128,062,100,000 contributed positively to equity growth.
Dividend payments of 15,354,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 57,568,100,000.
Other factors increased equity by 281,759,100,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs128.06 Billion	+13.32%
Dividends Paid	Rs15.35 Billion	-1.6%
Other Comprehensive Income	Rs-57.57 Billion	-5.99%
Other Changes	Rs281.76 Billion	+29.31%
Total Change	Rs-	53.96%

Book Value vs Market Value Analysis

This analysis compares Adani Ports and Special Economic Zone Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 4.20x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 405.09x to 4.20x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-03-31	Rs4.53	Rs1835.30	x
2005-03-31	Rs5.06	Rs1835.30	x
2006-03-31	Rs2.94	Rs1835.30	x
2007-03-31	Rs3.68	Rs1835.30	x
2008-03-31	Rs12.86	Rs1835.30	x
2009-03-31	Rs14.37	Rs1835.30	x
2010-03-31	Rs16.94	Rs1835.30	x
2011-03-31	Rs20.55	Rs1835.30	x
2012-03-31	Rs23.62	Rs1835.30	x
2013-03-31	Rs31.93	Rs1835.30	x
2014-03-31	Rs42.61	Rs1835.30	x
2015-03-31	Rs54.49	Rs1835.30	x
2016-03-31	Rs65.21	Rs1835.30	x
2017-03-31	Rs84.63	Rs1835.30	x
2018-03-31	Rs101.74	Rs1835.30	x
2019-03-31	Rs118.49	Rs1835.30	x
2020-03-31	Rs124.92	Rs1835.30	x
2021-03-31	Rs150.25	Rs1835.30	x
2022-03-31	Rs177.11	Rs1835.30	x
2023-03-31	Rs210.89	Rs1835.30	x
2024-03-31	Rs245.10	Rs1835.30	x
2025-03-31	Rs289.03	Rs1835.30	x
2026-03-31	Rs437.08	Rs1835.30	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Adani Ports and Special Economic Zone Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 13.32%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 33.06%
• Asset Turnover: 0.21x
• Equity Multiplier: 1.93x
Recent ROE (13.32%) is below the historical average (16.23%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	0.30%	2.60%	0.08x	1.40x	Rs-896.16 Million
2005	6.00%	23.42%	0.15x	1.70x	Rs-412.57 Million
2006	11.23%	17.49%	0.17x	3.88x	Rs73.82 Million
2007	24.97%	32.33%	0.19x	4.02x	Rs1.12 Billion
2008	8.03%	25.75%	0.14x	2.25x	Rs-517.38 Million
2009	14.76%	36.20%	0.17x	2.43x	Rs1.40 Billion
2010	19.50%	45.04%	0.17x	2.53x	Rs3.28 Billion
2011	21.91%	45.90%	0.21x	2.27x	Rs4.99 Billion
2012	22.89%	33.69%	0.13x	5.38x	Rs6.21 Billion
2013	24.04%	43.00%	0.17x	3.29x	Rs8.98 Billion
2014	19.84%	36.02%	0.20x	2.81x	Rs8.63 Billion
2015	20.52%	37.62%	0.19x	2.80x	Rs11.86 Billion
2016	21.45%	40.76%	0.18x	2.86x	Rs15.47 Billion
2017	22.32%	46.35%	0.19x	2.49x	Rs21.59 Billion
2018	17.44%	32.44%	0.24x	2.25x	Rs15.67 Billion
2019	16.26%	36.52%	0.19x	2.30x	Rs15.36 Billion
2020	14.69%	32.90%	0.18x	2.43x	Rs12.01 Billion
2021	16.31%	39.80%	0.17x	2.46x	Rs19.31 Billion
2022	12.77%	28.54%	0.18x	2.48x	Rs10.61 Billion
2023	11.65%	25.46%	0.18x	2.52x	Rs7.53 Billion
2024	15.32%	30.36%	0.22x	2.25x	Rs28.16 Billion
2025	17.77%	36.40%	0.23x	2.17x	Rs48.49 Billion
2026	13.32%	33.06%	0.21x	1.93x	Rs31.94 Billion

Industry Comparison

This section compares Adani Ports and Special Economic Zone Limited's net assets metrics with peer companies in the Marine Shipping industry.

Industry Context

Industry: Marine Shipping
Average net assets among peers: $24,286,113,333
Average return on equity (ROE) among peers: 4.40%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Adani Ports and Special Economic Zone Limited (ADANIPORTS)	Rs989.81 Billion	0.30%	0.87x	$45.73 Billion
Essar Shipping Limited (ESSARSHPNG)	$-16.48 Billion	0.00%	0.00x	$54.26 Million
The Great Eastern Shipping Company Limited (GESHIP)	$69.28 Billion	-3.04%	1.12x	$2.22 Billion
Gujarat Pipavav Port Limited (GPPL)	$10.43 Billion	-8.11%	0.92x	$800.34 Million
JSW Infrastructure Limited (JSWINFRA)	$30.88 Billion	9.43%	1.67x	$6.95 Billion
Shipping Corporation Of India Limited (SCI)	$43.60 Billion	23.90%	0.56x	$1.57 Billion
Transworld Shipping Lines Limited (TRANSWORLD)	$8.00 Billion	4.24%	0.50x	$42.26 Million

About Adani Ports and Special Economic Zone Limited

NSE:ADANIPORTS India Marine Shipping

Market Cap

$45.73 Billion

Rs4.23 Trillion INR

Market Cap Rank

#592 Global

#10 in India

Share Price

Rs1835.30

Change (1 day)

-0.37%

52-Week Range

Rs1300.30 - Rs1842.10

All Time High

Rs1842.10