Wait...
  1. Home >
  2. Export Import News >
  3. SEZ >
  4. Buy Adani Ports and SEZ, fair value Rs 470: Kotak Institutional Equities

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Buy Adani Ports and SEZ, fair value Rs 470: Kotak Institutional Equities


Date: 20-03-2020
Subject: Buy Adani Ports and SEZ, fair value Rs 470: Kotak Institutional Equities
Kotak Institutional Equities has a buy rating on Adani Ports and SEZ in the long term with a fair value of Rs 470. The stock ended down 0.8 per cent at Rs 258.30 on Thursday while the BSE Sensex closed 581.28 points dow (-2.01 per cent) at 28,288.23.

Investment Rationale

A large part of the underlying debt exposure related to current share pledges relates to promoter funding to listed businesses, said Kotak. These entities have started performing well on an aggregate basis, driving a decline in aggregate share pledges, said Kotak. The recent stake sale transactions in group entities can meaningfully reduce such quantum, the brokerage said.

Financials

Adani Ports & Special Economic Zone's key products/revenue segments include income from Port Services which contributed Rs 4367.18 crore to sales value (81.83 per cent of total sales), Infrastructure Leasing income which contributed Rs 780.40 crore to sales value (14.62 per cent of total sales), Export Incentives which contributed Rs 139.24 crore to sales value (2.60 per cent of total sales) and other operating revenue which contributed Rs49.56 crore to sales value (0.92 per cent of total sales)for the year ending 31-Mar-2019.

For the quarter ended 31-12-2019, the company has reported consolidated sales of Rs 3336.25 crore, up 18.26 per cent from last quarter sales of Rs 2821.16 crore and up 18.14 per cent from last year same quarter sales of Rs 2823.91 crore. The company has reported net profit after tax of Rs 1356.59 crore in the latest quarter.

Source: economictimes.indiatimes.com

Infodrive India Pvt Ltd

Delhi :
  F-19, Pocket F, Okhla Phase-I
      Okhla Industrial Area

      New Delhi- 110020
   011 - 40703001

Kolkata :
  5th Floor Stesalit Towers,
      E-2-3, EP & GP Block,

      Sector-V, Salt Lake City,
      Kolkata-700 091
   033 - 71177191

INFODRIVE INDIA Copyright © 1996-2020 InfodriveIndia. All Rights Reserved.
Please read our Terms of Use and Privacy Policy before you use.

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+