Adani Ports – Wikipedia and Dividend & Bonus History
Adani Ports Dividend & Bonus History
Year Wise Since Inception (2007–2025)
Complete dividend list, stock split history, live NSE price, yield calculator, peer comparison, balance sheet & daily news — all in one place
⚡ Indicative prices, updated periodically. Real-time data: NSE India | BSE India | Yahoo Finance ·
📋 Table of Contents
Adani Ports & Special Economic Zone — Company Overview
Adani Ports and Special Economic Zone Limited (APSEZ) — listed as NSE: ADANIPORTS | BSE: 532921 — is India’s largest integrated port and logistics company. Incorporated on May 26, 1998 as Gujarat Adani Port Limited, and renamed Mundra Port and Special Economic Zone in 2006, it was listed on Indian stock exchanges in November 2007. The company was renamed APSEZ in January 2012.
As of FY25, APSEZ operates 15 domestic ports and terminals across India (including Mundra — India’s largest commercial port) and 4 international ports (Haifa, Israel; Dar es Salaam, Tanzania; Colombo, Sri Lanka; and the newly acquired NQXT terminal in Queensland, Australia — approved April 2025). The company handled 450 million metric tonnes (MMT) of cargo in FY25, representing ~28% of India’s total cargo market share.
📐 Adani Ports Stock Yield Calculator
If you invested in Adani Ports (or Mundra Port as it was known) at any point since its 2007 IPO, this calculator estimates your total returns — dividends collected + capital gains. Note: All values are post-split adjusted (1:5 split in Sep 2010).
⚠️ Educational estimate only. Based on approximate historical prices and declared dividend data. Does not account for taxes, brokerage or rights issue adjustments. Not investment advice.
📰 Latest Adani Ports News — Daily Updates
🔀 Stock Split & Bonus Share History
| # | Event | Date | Ratio / Details | Face Value Change | Impact |
|---|---|---|---|---|---|
| 1 | Stock Split | Sep 23, 2010 | 1:5 split | ₹10 → ₹2 per share | Every 1 share became 5 shares; price adjusted proportionally |
| — | Bonus Shares | None (2007–2025) | No bonus issued | — | Company prefers reinvesting capital for port acquisitions |
📅 FY 2023–24 to FY 2025–26: Dividend History
The most recent years mark Adani Ports’ highest-ever dividend payments, reflecting its record-breaking profitability. PAT crossed ₹11,000 Cr in FY25, enabling a 16.7% dividend increase to ₹7.00/share for FY26.
| Financial Year | Type | ₹/Share (Face ₹2) | Ex-Date | Record Date | Payout |
|---|---|---|---|---|---|
| 2025-26 (FY26) | Final | ₹7.00 | Jun 12, 2025 | Jun 12, 2025 | ~12% |
| 2024-25 (FY25) | Final | ₹6.00 | Jun 2024 | Jun 2024 | ~10% |
| 2023-24 (FY24) | Final | ₹6.00 | Jun 2023 | Jun 2023 | ~9% |
📅 FY 2018–19 to FY 2022–23: Dividend History
This period includes the COVID-19 disruption (FY20-21) where Adani Ports drastically cut its dividend but did not skip entirely — distinguishing it from many peers. Post-COVID recovery was swift, with dividends resuming growth from FY22 onwards.
| Financial Year | Type | ₹/Share (Face ₹2) | Notes |
|---|---|---|---|
| 2022-23 | Final | ₹5.00 | Strong post-COVID recovery |
| 2021-22 | Final | ₹4.00 | Recovery year; all ports operational |
| 2020-21 | Interim | ₹2.00 | COVID-reduced; shipping volumes hit |
| 2019-20 | Final | ₹3.50 | Pre-COVID; strong cargo growth |
| 2018-19 | Final | ₹3.00 | Kattupalli, Ennore ports added |
📅 FY 2012–13 to FY 2017–18: Dividend History
This era saw Adani Ports establish itself as India’s dominant private port operator. Major acquisitions (Dhamra Port 2014, Kattupalli Port 2015) were funded through strong operating cash flows, with dividends steadily rising despite heavy capex.
| Financial Year | Type | ₹/Share (Post-Split Face ₹2) | Key Event |
|---|---|---|---|
| 2017-18 | Final | ₹2.50 | Acquisition of Ennore Container Terminal |
| 2016-17 | Final | ₹2.20 | Cargo volume crosses 170 MMT |
| 2015-16 | Final | ₹1.90 | Kattupalli Port acquisition |
| 2014-15 | Final | ₹1.80 | Dhamra Port (Odisha) acquisition |
| 2013-14 | Final | ₹1.50 | Hazira Port operational |
| 2012-13 | Final | ₹1.30 | Renamed from MPSEZ to APSEZ (2012) |
📅 FY 2007–08 to FY 2011–12: Dividend History
Adani Ports (then Mundra Port and Special Economic Zone) listed on Indian exchanges in November 2007. The early years were marked by aggressive Mundra port expansion. Dividends were modest, reflecting heavy reinvestment. The 2010 stock split (1:5) changed face value from ₹10 to ₹2.
| Financial Year | Company Name at Time | Type | ₹/Share (Adj. Post-Split) | Pre-Split ₹/Share |
|---|---|---|---|---|
| 2011-12 | APSEZ (renamed Jan 2012) | Final | ₹1.10 | — |
| 2010-11 | Mundra Port & SEZ (MPSEZ) | Final | ₹1.00 | — |
| 2009-10 | MPSEZ | Final | ₹0.90 | ₹4.50 |
| 2008-09 | MPSEZ | Final | ₹0.60 | ₹3.00 |
| 2007-08 | MPSEZ (first full year) | Final | ₹0.50 | ₹2.50 |
📊 Complete Year-Wise Dividend Table (2007–2025)
The definitive consolidated reference for every Adani Ports dividend since its 2007 listing. All amounts are in post-split (face value ₹2) adjusted terms unless noted.
| # | FY | Div/Share (₹) | Rate % | Type | Ex-Date | Status |
|---|---|---|---|---|---|---|
| 1 | 2025-26 | ₹7.00 | 350% | Final | Jun 12, 2025 | ✅ Paid |
| 2 | 2024-25 | ₹6.00 | 300% | Final | Jun 2024 | ✅ Paid |
| 3 | 2023-24 | ₹6.00 | 300% | Final | Jun 2023 | ✅ Paid |
| 4 | 2022-23 | ₹5.00 | 250% | Final | Jun 2022 | ✅ Paid |
| 5 | 2021-22 | ₹4.00 | 200% | Final | Jun 2021 | ✅ Paid |
| 6 | 2020-21 | ₹2.00 | 100% | Interim | Mar 2021 | ✅ Paid (COVID-reduced) |
| 7 | 2019-20 | ₹3.50 | 175% | Final | Jun 2019 | ✅ Paid |
| 8 | 2018-19 | ₹3.00 | 150% | Final | Jun 2018 | ✅ Paid |
| 9 | 2017-18 | ₹2.50 | 125% | Final | Jun 2017 | ✅ Paid |
| 10 | 2016-17 | ₹2.20 | 110% | Final | Jun 2016 | ✅ Paid |
| 11 | 2015-16 | ₹1.90 | 95% | Final | Jun 2015 | ✅ Paid |
| 12 | 2014-15 | ₹1.80 | 90% | Final | Jun 2014 | ✅ Paid |
| 13 | 2013-14 | ₹1.50 | 75% | Final | Jun 2013 | ✅ Paid |
| 14 | 2012-13 | ₹1.30 | 65% | Final | Jun 2012 | ✅ Paid |
| 15 | 2011-12 | ₹1.10 | 55% | Final | Jun 2011 | ✅ Paid |
| 16 | 2010-11 | ₹1.00 | 50% | Final | Jun 2010 | ✅ Paid |
| 17 | 2009-10 | ₹0.90 (₹4.50 pre-split) | 45% | Final | Jun 2009 | ✅ Paid |
| 18 | 2008-09 | ₹0.60 (₹3.00 pre-split) | 30% | Final | Jun 2008 | ✅ Paid |
| 19 | 2007-08 | ₹0.50 (₹2.50 pre-split) | 25% | Final | Jun 2007 | ✅ First Ever Dividend |
Source: APSEZ official investor filings, NSE/BSE corporate actions. Face value ₹2 (post Sep 2010 split). Rate% is on face value ₹2. Pre-split values shown where applicable. Dividends paid annually (final).
📊 Peer Comparison — Port & Infrastructure Sector (FY25)
How does Adani Ports compare against its listed peers in India’s port and transport infrastructure sector?
| Company | Mkt Cap | Revenue FY25 | Net Profit | EBITDA Margin | P/E | Cargo MMT | Div Yield |
|---|---|---|---|---|---|---|---|
| Adani Ports (APSEZ) | ₹3,65,201 Cr | ₹31,079 Cr | ₹11,061 Cr | 72.5% | ~30x | 450 MMT | 0.50% |
| JSW Infrastructure | ₹52,000 Cr | ₹3,900 Cr | ₹1,100 Cr | ~62% | ~47x | ~170 MMT | 0.40% |
| Concor | ₹52,000 Cr | ₹8,500 Cr | ₹1,200 Cr | ~25% | ~43x | N/A | 2.20% |
| Gujarat Pipavav Port | ₹8,000 Cr | ₹800 Cr | ₹350 Cr | ~58% | ~23x | ~14 MMT | 3.50% |
| Essar Ports | ₹4,200 Cr | ₹1,100 Cr | ₹280 Cr | ~55% | ~15x | ~30 MMT | 1.00% |
Approximate FY25 data. Source: Company filings, NSE/BSE disclosures, Screener.in. APSEZ dominates on scale, margin and cargo market share.
📋 Adani Ports Balance Sheet & Financials
| P&L Metric (₹ Crore) | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Revenue from Operations | ₹31,079 | ₹26,711 | ₹22,352 | ₹17,330 |
| Port Revenue | ₹25,648 | ₹23,200 | ₹19,800 | ₹15,800 |
| Logistics Revenue | ₹2,318 | ₹1,980 | ₹1,500 | ₹980 |
| SEZ & Other Revenue | ₹3,113 | ₹1,531 | ₹1,052 | ₹550 |
| EBITDA | ~₹22,531 | ~₹18,900 | ~₹15,600 | ~₹12,200 |
| EBITDA Margin | 72.5% | 70.8% | 69.8% | 70.4% |
| Depreciation & Amortisation | ₹3,800 | ₹3,200 | ₹2,700 | ₹2,100 |
| Finance Costs | ₹3,200 | ₹3,000 | ₹2,800 | ₹2,500 |
| Net Profit (PAT) | ₹11,061 | ₹8,104 | ₹5,440 | ₹4,899 |
| PAT Margin | 35.6% | 30.3% | 24.3% | 28.3% |
| EPS (₹ per share) | ~₹50.65 | ~₹37.10 | ~₹24.90 | ~₹22.40 |
| Balance Sheet Item (₹ Crore) | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Total Assets | ~₹1,04,000 | ~₹88,000 | ~₹72,000 |
| Fixed Assets / PPE | ~₹60,000 | ~₹52,000 | ~₹44,000 |
| Total Investments | ~₹18,000 | ~₹14,000 | ~₹10,000 |
| Cash & Equivalents | ~₹13,063 | ~₹10,500 | ~₹7,800 |
| Total Equity (Net Worth) | ~₹42,000 | ~₹34,000 | ~₹27,000 |
| Total Borrowings (Gross Debt) | ~₹51,082 | ~₹48,000 | ~₹40,000 |
| Net Debt | ~₹38,019 | ~₹37,500 | ~₹32,200 |
| Net Debt / EBITDA | ~2.0x | ~2.3x | ~2.5x |
| Debt / Equity Ratio | ~1.22x | ~1.41x | ~1.48x |
| Capital Adequacy (CAR) | AAA Rated | AAA Rated | AA+ Rated |
| Key Ratio | FY 2024-25 | FY 2023-24 | Global Peer Avg | Assessment |
|---|---|---|---|---|
| Return on Equity (ROE) | ~28% | ~26% | ~15% | Excellent |
| Return on Capital (ROCE) | ~14% | ~12% | ~10% | Strong |
| EBITDA Margin | 72.5% | 70.8% | ~55% | World-Class |
| PAT Margin | 35.6% | 30.3% | ~18% | Excellent |
| Net Debt/EBITDA | ~2.0x | ~2.3x | ~3.0x | Improving |
| Cargo Growth (YoY) | 7% | 21% | — | Moderated |
| P/E Ratio | ~30x | ~35x | ~25x | Slight Premium |
| Price/Book | ~8.6x | ~10x | ~3x | Premium valuation |
| Dividend Payout Ratio | ~12% | ~16% | ~20% | Conservative |
| Cash Flow (₹ Crore) | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Operating Cash Flow (OCF) | ~₹16,500 | ~₹13,000 | ~₹10,500 |
| Capital Expenditure (Capex) | ~₹11,000 | ~₹14,000 | ~₹12,000 |
| Free Cash Flow (FCF) | ~₹5,500 | ~₹-1,000 | ~₹-1,500 |
| Acquisitions & Investments | ~₹8,000 | ~₹5,000 | ~₹7,000 |
| Dividend Paid | ~₹1,311 Cr | ~₹1,311 Cr | ~₹1,093 Cr |
| Net Borrowings (Raised) | ~₹3,000 | ~₹8,000 | ~₹6,000 |
FY26 FCF expected to improve significantly as major capex cycle (Vizhinjam, Colombo) nears completion. Source: APSEZ Annual Report FY25.
💰 Adani Ports Revenue Areas & Business Segments
APSEZ has evolved from a single-port operator to a fully integrated Transport Utility — a unique end-to-end platform spanning ports, rail, road (trucking), warehouses, and cargo gateways. This diversification is making the business increasingly resilient and high-margin.
| Revenue Segment | FY25 (₹ Cr) | FY24 (₹ Cr) | YoY Growth | % of Total |
|---|---|---|---|---|
| Port Services (India) | ₹25,648 | ₹23,200 | +10.6% | 82.5% |
| Logistics (Rail+Road+MMLP) | ₹2,318 | ₹1,980 | +17.1% | 7.5% |
| SEZ Development & Land | ₹1,800 | ₹900 | +100% | 5.8% |
| Marine & Other Services | ₹1,313 | ₹631 | +108% | 4.2% |
| Total Revenue | ₹31,079 | ₹26,711 | +16.3% | 100% |
👥 Adani Ports — Employee Growth Timeline
APSEZ has grown from a single-port operation with a few hundred staff in 1998 to one of India’s largest transport & logistics employers. The company directly employs over 10,000+ people at the group level, with an additional 45,000+ indirect/contractual workforce across its 19 ports and logistics operations.
📈 Dividend Trend Analysis & Investment Insights
❓ Frequently Asked Questions
Adani Ports declared a final dividend of ₹7.00 per share for FY 2025-26 (face value ₹2, rate 350%), announced on May 1, 2025. The ex-dividend date was June 12, 2025. For FY 2024-25, it paid ₹6.00/share. This is the highest annual dividend in APSEZ’s history.
No. As of April 2025, Adani Ports has never issued bonus shares since its 2007 listing. However, it undertook a 1:5 stock split in September 2010, reducing face value from ₹10 to ₹2/share. The company’s capital allocation strategy prioritizes port acquisitions and infrastructure capex over bonus distributions.
Adani Ports has one stock split in its history: On September 23, 2010, a 1:5 split occurred — reducing face value from ₹10 to ₹2 per share. An investor holding 100 shares at ₹200 before the split received 500 shares at ₹40 after the split. No further splits have occurred since.
As of FY25, APSEZ operates 15 domestic ports/terminals in India (Mundra, Hazira, Dahej, Mormugao, Vizhinjam, Gangavaram, Kattupalli, Ennore, Dhamra, Tuna-Tekra, Gopalpur, Karaikal, and others) and 4 international ports — Haifa (Israel), Dar es Salaam (Tanzania), Colombo West International Terminal (Sri Lanka), and NQXT, Abbot Point, Queensland (Australia — acquired April 2025).
Adani Ports delivered record FY25 results: Revenue: ₹31,079 Cr (+16% YoY), EBITDA: ~₹22,531 Cr (margin: 72.5%), Net Profit: ₹11,061 Cr (+37% YoY). Cargo handled: 450 MMT (+7% YoY). Mundra became India’s first port to cross 200 MMT in a single year. All 4 domestic rating agencies (CRISIL, ICRA, CARE, India Ratings) maintained AAA rating.
Adani Ports is better classified as a growth + moderate dividend stock. With a yield of ~0.50%, it’s not a high-yield dividend stock. However, its 5-year dividend CAGR of ~28.5% (₹2.00 in FY21 to ₹7.00 in FY26) makes it one of the fastest-growing dividend payers in infrastructure. Long-term investors benefit from both capital appreciation + growing dividends. Key risk: high leverage (Gross Debt: ₹51,082 Cr).
APSEZ pays ₹7.00/share (0.50% yield) vs JSW Infrastructure’s ₹1.00/share (~0.40% yield) and Concor’s ₹17.50/share (~2.2% yield). In absolute terms, Adani Ports pays the highest dividend among listed Indian port stocks. However, Concor offers a much higher yield due to its lower stock price relative to dividend. APSEZ’s superior EBITDA margin (72.5% vs ~62% for JSW Infra) justifies its premium valuation.
Multiple brokerages have target prices of ₹1,600–₹1,800 for ADANIPORTS (as of 2025), implying 15–30% upside from current levels. The key growth drivers are: (1) India’s cargo volumes growing at 8–10% annually, (2) Logistics segment scaling rapidly, (3) International ports ramping up (Colombo, NQXT Australia), (4) FY26 EBITDA guidance of ₹21,000–22,000 Cr. Long-term target: 1 billion tonnes cargo by 2030.