Earnings Alerts

Adani Ports & Special Economic Zone (ADSEZ) Earnings: May Cargo Volume Hits Record 35.8M Tons Amid Operational Recovery

  • Adani Ports recorded a cargo volume of 35.8 million tons in May 2024.
  • In April and May, the company lost around 6 million tons of cargo due to the shutdown of Gangavaram Port.
  • Operations at Gangavaram Port have restarted, and there is confidence in recovering the lost volumes in the coming months.
  • Mundra Port handled 17.6 million tons of cargo in May 2024, the highest monthly volume ever recorded at any Indian port.
  • Mundra Port also managed a container volume of 700,000 TEUs (twenty-foot equivalent units) in May 2024.
  • Analysts’ recommendations for Adani Ports are overwhelmingly positive, with 19 buy ratings, 2 hold ratings, and no sell ratings.

Adani Ports & Special Economic Zone on Smartkarma

Analysts on Smartkarma have differing views on Adani Ports & Special Economic Zone. Leonard Law, CFA, in his report “Morning Views Asia: Adani Ports & Special Economic Zone“, expresses a bullish sentiment on the company’s performance. He highlights positive credit analysis and trade recommendations based on recent company-specific developments, indicating a favorable outlook.

On the other hand, Leonard Law, CFA, in a separate report titled “Adani Ports – Earnings Flash – FY 2023-24 Results – Lucror Analytics“, adopts a bearish stance. Despite Adani Ports’ strong revenue and EBITDA growth exceeding expectations and improved leverage, concerns about corporate governance issues within the broader Adani Group lead to a cautious view. Investors are advised to consider these divergent perspectives in their evaluation of Adani Ports & Special Economic Zone.


A look at Adani Ports & Special Economic Zone Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE2.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Adani Ports & Special Economic Zone, operator of a key shipping port on India’s west coast, has received a promising overall outlook based on the Smartkarma Smart Scores. With a balanced combination of scores in various key factors, the company seems to be positioned well for the long term. While the Value and Resilience scores come in at a moderate level, the Dividend and Growth scores show slightly better prospects. Additionally, the Momentum score suggests positive movement for the company, indicating a healthy trajectory for Adani Ports & Special Economic Zone.

Adani Ports & Special Economic Zone‘s operations at its port, facilitating various cargo services, including bulk and containers, crude oil, and additional railway services, contribute to its strategic positioning in the industry. With a decent showing across the different Smartkarma Smart Scores, the company seems to have a well-rounded approach to its growth and stability in the market. Investors may find the combination of these scores appealing, as it indicates a certain level of attractiveness for long-term investment potential in Adani Ports & Special Economic Zone.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars