Adani Ports and Special Economic Zone Limited (ADANIPORTS) - Net Assets
Based on the latest financial reports, Adani Ports and Special Economic Zone Limited (ADANIPORTS) has net assets worth Rs697.07 Billion INR (≈ $7.54 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.47 Trillion ≈ $15.92 Billion USD) and total liabilities (Rs775.00 Billion ≈ $8.38 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 ADANIPORTS financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs697.07 Billion |
| % of Total Assets | 47.35% |
| Annual Growth Rate | 22.45% |
| 5-Year Change | 102.43% |
| 10-Year Change | 376.71% |
| Growth Volatility | 51.57 |
Adani Ports and Special Economic Zone Limited - Net Assets Trend (2004–2025)
This chart illustrates how Adani Ports and Special Economic Zone Limited's net assets have evolved over time, based on quarterly financial data. Also explore ADANIPORTS asset base for the complete picture of this company's asset base.
Annual Net Assets for Adani Ports and Special Economic Zone Limited (2004–2025)
The table below shows the annual net assets of Adani Ports and Special Economic Zone Limited from 2004 to 2025. For live valuation and market cap data, see market value of Adani Ports and Special Economic Zone Li.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 46332660000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs463.33 Billion | 74.21% |
| Common Stock | Rs4.32 Billion | 0.69% |
| Other Comprehensive Income | Rs57.57 Billion | 9.22% |
| Other Components | Rs99.14 Billion | 15.88% |
| Total Equity | Rs624.35 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 |
|---|---|
|
AngloGold Ashanti Ltd
JSE:ANG
|
$41.64 Billion |
|
Sungrow Power Supply Co Ltd
SHE:300274
|
$41.69 Billion |
|
Entergy Corporation
NYSE:ETR
|
$41.77 Billion |
|
Haleon plc
NYSE:HLN
|
$41.77 Billion |
|
Thomson Reuters Corp
TO:TRI
|
$41.26 Billion |
|
RECRUIT HLD.UNSP.ADR/02
F:1RHA
|
$41.23 Billion |
|
LONZA GROUP UNSP.ADR 1/10
F:LO3A
|
$41.04 Billion |
|
Gold Fields Ltd DRC
BA:GFI
|
$41.03 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 2024 to 2025, total equity changed from 529,447,700,000 to 624,353,900,000, a change of 94,906,200,000 (17.9%).
- Net income of 110,923,100,000 contributed positively to equity growth.
- Dividend payments of 13,362,800,000 reduced retained earnings.
- Share repurchases of 3,865,100,000 reduced equity.
- Other comprehensive income increased equity by 3,536,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs110.92 Billion | +17.77% |
| Dividends Paid | Rs13.36 Billion | -2.14% |
| Share Repurchases | Rs3.87 Billion | -0.62% |
| Other Comprehensive Income | Rs3.54 Billion | +0.57% |
| Other Changes | Rs-2.33 Billion | -0.37% |
| Total Change | Rs- | 17.93% |
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: 5.73x
- 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 365.80x to 5.73x 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 | Rs1657.30 | x |
| 2005-03-31 | Rs5.06 | Rs1657.30 | x |
| 2006-03-31 | Rs2.94 | Rs1657.30 | x |
| 2007-03-31 | Rs3.68 | Rs1657.30 | x |
| 2008-03-31 | Rs12.86 | Rs1657.30 | x |
| 2009-03-31 | Rs14.37 | Rs1657.30 | x |
| 2010-03-31 | Rs16.94 | Rs1657.30 | x |
| 2011-03-31 | Rs20.55 | Rs1657.30 | x |
| 2012-03-31 | Rs23.62 | Rs1657.30 | x |
| 2013-03-31 | Rs31.93 | Rs1657.30 | x |
| 2014-03-31 | Rs42.61 | Rs1657.30 | x |
| 2015-03-31 | Rs54.49 | Rs1657.30 | x |
| 2016-03-31 | Rs65.21 | Rs1657.30 | x |
| 2017-03-31 | Rs84.63 | Rs1657.30 | x |
| 2018-03-31 | Rs101.74 | Rs1657.30 | x |
| 2019-03-31 | Rs118.49 | Rs1657.30 | x |
| 2020-03-31 | Rs124.92 | Rs1657.30 | x |
| 2021-03-31 | Rs150.25 | Rs1657.30 | x |
| 2022-03-31 | Rs177.11 | Rs1657.30 | x |
| 2023-03-31 | Rs210.89 | Rs1657.30 | x |
| 2024-03-31 | Rs245.10 | Rs1657.30 | x |
| 2025-03-31 | Rs289.03 | Rs1657.30 | 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): 17.77%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.40%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 2.17x
- Recent ROE (17.77%) is above the historical average (16.36%), indicating improving 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 |
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: $33,651,218,333
- Average return on equity (ROE) among peers: 9.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adani Ports and Special Economic Zone Limited (ADANIPORTS) | Rs697.07 Billion | 0.30% | 1.11x | $41.29 Billion |
| Essar Shipping Limited (ESSARSHPNG) | $54.96 Billion | 0.67% | 1.19x | $60.30 Million |
| The Great Eastern Shipping Company Limited (GESHIP) | $31.26 Billion | 29.20% | 0.83x | $2.43 Billion |
| Gujarat Pipavav Port Limited (GPPL) | $20.02 Billion | 13.40% | 0.23x | $815.86 Million |
| JSW Infrastructure Limited (JSWINFRA) | $28.05 Billion | 9.54% | 0.87x | $6.13 Billion |
| Shipping Corporation Of India Limited (SCI) | $63.40 Billion | -4.33% | 1.56x | $1.53 Billion |
| Transworld Shipping Lines Limited (TRANSWORLD) | $4.22 Billion | 10.49% | 0.66x | $39.16 Million |
About Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone Limited, together with its subsidiaries, develops, operates, and maintains port infrastructure in India. The company is involved in the operation of ports and terminals, including bulk and break bulk, container, liquid, LPG, LNG, and crude cargo; ports related infrastructure development activities; and development of infrastructure at contiguous Special Econo… Read more