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<ul><li><keyword id="895682" type="COMPANY" weightage="20" keywordseo="Adani-Ports">Adani Ports</keyword>’ share price continued its upward rally, hitting a 52-week high as analysts gave it a thumbs up.</li><li>Adani Ports is India’s largest private multi-port operator and is a part of the Adani Group.</li><li>Adani Ports acquired <keyword id="487749" type="COMPANY" weightage="20" keywordseo="Krishnapatnam-port">Krishnapatnam Port</keyword> (<keyword id="117191" type="ORGANIZATION" weightage="20" keywordseo="KPCL">KPCL</keyword>) in October at an enterprise value of ₹12,000 crore.</li><li>Analysts expect a yield of up to three times from the KPCL asset.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a></li></ul>Shares of Adani Ports and Special Economic Zone hit a 52-week high as the largest private multi-port operator received a thumbs up from analysts. The <keyword id="6503313" type="UNKNOWN" weightage="20" keywordseo="Adani-Ports-share-price">Adani Ports share price</keyword> was up nearly 4% around 1 pm on December 7, continuing the stock’s upward rally over the last one month. Brokerages are bullish on the <keyword id="10323820" type="UNKNOWN" weightage="20" keywordseo="Adani-Ports-stock">Adani Ports stock</keyword>, expecting a faster-than-expected turnaround in the Krishnapatnam Port (KPCL) acquisition. <div type="image" title="Adani Ports share price" msid="79605225" hostid="261" caption="&amp;lt;p&amp;gt;Adani Ports share price&amp;lt;/p&amp;gt;"></div> Adani Ports had completed the acquisition of Krishnapatnam Port at an enterprise value of ₹12,000 crore in October this year. Adani Ports has improved the margins from 58.1% last year to 68.1% this year. This was achieved thanks to price hikes and improved operational efficiencies, as noted by the company in a recent analyst meet. <div type="Article" hostid="261" msid="78489124" title="Adani Ports completes ₹12,000 crore acquisition of Krishnapatnam Port Company" mstype="2" mssubtype="0"></div> The Krishnapatnam boost Analysts at Kotak Institutional Equities expect a yield of 3 times of the invested value from the KPCL asset. The report further states ‘unbridled growth prospects’ lie ahead for Adani Ports from this investment. “Adani Ports has turned around its Krishnapatnam acquisition significantly ahead of our previous estimates, leading to an earnings upgrade,” Nomura India analyst Priyankar Biswas said in a note, according to a BloombergQuint <a href="https://www.bloombergquint.com/markets/this-caused-adani-ports-stock-to-hit-a-record-high">report</a>. The note issued by Jefferies observes that Krishnapatnam Port’s margins rose to 68% in the first six months of the financial year 2020-21. “Adani Ports showcased the management focus to improve Krishnapatnam Port’s (KPTL) margins from the current 68 percent to 80 percent by FY25E. KPCL is a value-accretive acquisition with 26 percent equity IRR even on our conservative 73 percent FY25E margin estimate,” Jefferies said, according to a CNBCTV18 <a href="https://www.cnbctv18.com/market/stocks/adani-ports-hits-52-week-high-on-bullish-brokerage-calls-7661051.htm">report</a>. Brokerages raise target price In a recently held analyst meet, Adani Ports stated that it has undertaken various measures to improve operational efficiencies, and re-negotiated tariffs with key customers, according to a Times Now <a href="https://www.timesnownews.com/videos/et-now/markets/adani-ports-krishnapatnam-port-turnaround-faster-than-estimates/82981">report</a>. As a result, various brokerages have revised their target prices upward, with an upswing of up to 15% to the Adani Ports share price. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#000000;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Brokerage </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#000000;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Target Price </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#000000;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Upside </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">CLSA </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹540 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">15% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Nomura </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹530 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">13% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Jefferies </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹525 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">12% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Kotak Institutional Equities </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹495 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">6% </td></tr></tbody></table> Source: Brokerages, MoneyControl Note: Upswing calculated based on share price as at 1 pm, December 7, 2020. SEE ALSO: <a href="https://www.businessinsider.in/business/news/adani-ports-completes-12000-crore-acquisition-of-krishnapatnam-port-company/articleshow/78489124.cms">Adani Ports completes ₹12,000 crore acquisition of Krishnapatnam Port Company</a> <a href="https://www.businessinsider.in/business/news/adani-ports-lands-900-crore-through-non-convertible-debentures/articleshow/78058955.cms">Adani Ports lands ₹900 crore through non-convertible debentures</a> <a href="https://www.businessinsider.in/business/ecommerce/news/flipkart-10-billion-ipo-will-double-walmart-investment-within-3-years/articleshow/79601513.cms">Flipkart’s reported $10 billion IPO plan will mean Walmart’s investment in the Indian e-commerce giant will double within 3 years</a>

Adani Ports is making 68% margin from one of its ports – the stock has doubled since lockdown

New Delhi, Jan 7 () Acquisition of Krishnapatnam Port Company by Adani Ports and Special Economic Zone (APSEZ) will increase the latter's market share and diversity, Moody's Investors Service said on Tuesday.
The analysis comes after APSEZ's acquisition of 75 per cent stake in debt-laden Krishnapatnam Port Company Ltd (KPCL) in Andhra Pradesh for Rs 5,625 crore in an all-cash deal.
Moody's said the acquisition is in line with APSEZ's target of throughput volumes of 400 MT by fiscal 2025.
KPCL is a multi-cargo port that registered throughput volumes of 54.4 million tonne in 2018-19. KPCL is the second-largest private port in India by volume after APSEZ's Mundra port.
"The addition of KPCL to APSEZ portfolio will increase APSEZ's market share and its diversity, both geographically and in its cargo composition," Moody's said.
It pointed out that APSEZ's leverage, as measured by funds from operations/debt, should remain above 15-18 per cent after the acquisition.
"While APSEZ's outstanding consolidated debt will significantly increase by 18 -20 per cent as a result of the acquisition, the refinancing risk is manageable because of the cash flow visibility from the group's assets, staggered nature of the debt maturities and diversified funding sources," said Abhishek Tyagi, a Moody's Vice President and Senior Analyst.
"In addition, the slightly weaker metrics post acquisition will be counterbalanced by KPCL's strong positioning and market share on the east coast of India," added Tyagi. NAM NAM ANU
ANU

Stake buy in KPCL to increase Adani Port's market share: Moody's

<keyword id="895682" type="COMPANY" weightage="20" keywordseo="Adani-Ports">Adani Ports</keyword> and <keyword id="6365230" type="UNKNOWN" weightage="20" keywordseo="special-economic-zone">Special Economic Zone</keyword> Limited (APSEZ) on Monday announced the completion of the acquisition of <keyword id="9624334" type="COMPANY" weightage="20" keywordseo="krishnapatnam-port-company-ltd">Krishnapatnam Port Company Ltd</keyword>, (KPCL) for an enterprise value of Rs 12,000 crore. It will result in APSEZ having a controlling stake of 75 per cent in KPCL from the CVR Group and other investors. This acquisition will accelerate APSEZ's stride towards 500 MMT by 2025 and is another step in implementing APSEZ's stated strategy of cargo parity between west and east coasts of India, <keyword id="76451" type="COMPANY" weightage="20" keywordseo="Adani">Adani</keyword> Ports said in a regulatory filing. <keyword id="1033941" type="PERSON" weightage="20" keywordseo="Karan-Adani">Karan Adani</keyword>, Chief Executive Officer and Whole Time Director of APSEZ said: "This transformational acquisition enables us to roll out world class customer service to an increased customer base and provide pan-India solution to them. He added that the company's experience of turning around acquisitions like Dhamra and Kattupalli ports will enable it in harnessing the potential of KPCL. "With a vast waterfront and land availability of over 6,700 acres, KPCL is capable of replicating Mundra and would be future ready to handle 500 MMT. We will replicate our operations and maintenance philosophy at KPCL, continue to focus on environment, reduce emission levels and have zero tolerance for fatalities and thus improve returns to stakeholders," Adani said.

Adani Ports completes ₹12,000 crore  acquisition of Krishnapatnam Port Company

New Delhi, Jan 7 () Adani Ports and Special Economic Zone (APSEZ) has sufficient financial headroom to absorb its proposed acquisition in Krishnapatnam Port Company (KPCL), S&amp;P Global Ratings has said.
 "APSEZ's strong financial performance and flexibility in adjusting capital expenditure (capex) and dividends, and earnings contribution from Krishnapatnam will allow it to maintain its leverage within our rating threshold," the ratings agency said in a statement.
 Adani Group's port developing arm had last week said that it will acquire 75 per cent stake in KPCL in a cash deal that values the port at Rs 13,500 crore.
 S&amp;P Global Ratings said that it expects APSEZ to maintain its ratio of funds from operations to debt at more than 15 per cent following the acquisition.
 "APSEZ's leverage is likely to be about 15 per cent in fiscal 2021 (year ending March 2021) as a result of the acquisition, compared with our previous estimate of about 18 per cent. 
 "Leverage will then revert to 15-17 per cent in fiscal 2022 and beyond with higher operating cash flows and lower capex supporting deleveraging. We do not factor any improvement in margins of the acquired business or changes to APSEZ's dividends and capex plans," it said. SID SID ANS
ANS

APSEZ has sufficient financial headroom to absorb proposed buyout in Krishnapatnam Port: S&P

<ul><li>The 30-share BSE index Sensex surged 366.76 points, and the NSE Nifty jumped 92.35 points at 9:50 am. </li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market indices Sensex and Nifty piled on gains in the opening session, taking cues from positive global sentiment. The 30-share BSE index Sensex surged 366.76 points, and the NSE Nifty jumped 92.35 points at 9:50 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wipro </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">M&amp;M </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Indian Oil </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Asian Paints </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infosys </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Ports </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Coal India </td></tr></tbody></table>*as of October 6, 9:55 am These are the top stocks in news today. Tata Motors up over 5% The shares of Indian auto giant Tata Motors soared 5% on improved Jaguar Land Rover (JLR) QoQ sales. The company said that the JLR sales improved by nearly 50% during the July-September quarter as against 74,067 units in the last quarter ended June 30. Infibeam Avenues locked in 5% upper circuit The shares of digital payments, e-commerce software company Infibeam Avenues was locked in a 5% upper circuit for the second day in a row. The rally came after Infibeam Avenues entered into a definitive agreement with Jio Platforms and its affiliates to license, customise, maintain and access our Enterprise E-commerce Software and Payments Platform for their business use. Housing Development Finance Corp gains 4% The Housing finance major HDFC Ltd shares were up 4% after the company told investors that its individual loan disbursements reached 95% of the level in the year-ago period, and September saw the strongest recovery since the outbreak of the COVID-19 pandemic, suggesting business is returning to pre-crisis levels. Majesco Ltd locked in 5% upper circuit The shares of Majesco were locked in a 5% upper circuit after the company said its board would consider a proposal for buyback of fully paid-up equity shares on October 8. M&amp;M leaps 3% The shares of automaker Mahindra and Mahindra soared 3% after its recently launched SUV; the All-New Thar crossed 9,000 bookings in just 4 days. The All-New Thar becomes the only SUV in the 4X4 lifestyle category to record this booking milestone in such a short span of time, the company said. Adani Ports up over 3% The shares of Adani Ports gained over 3%, a day after it announced the completion of the acquisition of the Krishnapatnam Port Company (KPCL) for an enterprise value of ₹12,000 crore. APSEZ now owns a controlling stake of 75% in KPCL, a multi-cargo port in southern Andhra Pradesh. SEE ALSO: <a href="https://www.businessinsider.in/india/news/modi-xi-set-to-meet-virtually-for-the-first-time-since-the-india-china-standoff-at-the-brics-annual-summit-next-month/articleshow/78507191.cms" data-type="tilCustomLink">Modi, Xi set to meet 'virtually' for the first time since the India-China standoff at the BRICS annual summit next month</a> <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watchsbi-hdfc-bank-tata-motors-ril-infibeam-britannia-future-consumer-and-others/articleshow/78505634.cms" data-type="tilCustomLink">Top stocks to watch—SBI, HDFC Bank, Tata Motors, RIL, Infibeam, Britannia, Future Consumer and others</a>

Top stock movers — HDFC, Adani Ports, Tata Motors, Infibeam Avenues, Majesco and more

New Delhi, Feb 4 () Adani Ports and Special Economic Zone (APSEZ) on Tuesday posted a 4.3 per cent fall in consolidated profit to Rs 1,356.59 crore for the December 2019 quarter, on the back of higher expenses.
 The company had posted a consolidated profit of Rs 1,418.96 crore in the year-ago period, APSEZ said in a filing to the BSE.
 The profit is "after tax and before the share of profit from joint ventures", according to the filing.
 However, the firm's consolidated total income during the October-December 2019 period increased to Rs 3,830.43 crore, compared with Rs 3,168.88 crore in the year-ago period, it said.
 Its consolidated expenses rose to Rs 2,091.40 crore, against Rs 1,347.97 crore a year ago.
 In a statement, the company said, "PBT (was) at Rs 1,739 crore and PAT (profit after tax) at Rs 1,384 crore."
 APSEZ Chief Executive Officer and Whole-Time Director Karan Adani said, "KPCL is a crown jewel to join APSEZ's string of 10 networked ports. This acquisition would accelerate our stride towards FY25 vision of handling 400 MMT (million metric tonnes) of cargo. Given the best-in-class infrastructure and the distinct hinterland catered by KPCL, this acquisition will add remarkable value to our pan-India footprint."
 He added that APSEZ with its pan-India presence has been "continuously outperforming Indian cargo volume growth".
 "Our focus on diversifying cargo mix continues. Gas (liquefied natural gas and liquefied petroleum gas) (was) the newest commodity added this quarter to the cargo basket. In FY20, we expect to achieve cargo volume of 224-226 MMT, revenue growth of around 13 per cent and EBITDA (earnings before interest, tax, depreciation and amortisation) growth of around 14 per cent," Adani said.
 Efficient use of water and energy from cleaner sources, reduction of emission levels and zero tolerance for fatalities at its ports continue to be the company's top priorities, he said.
 The company further said the ports across all the three regions -- eastern, southern and western -- registered strong growth.
 Dhamra Port, the eastern port of APSEZ, registered a growth of 44 per cent, Kattupalli, the southern port, registered a growth of 23 per cent. Western ports of Hazira and Mundra registered a growth of 9 per cent and 3 per cent, respectively. SID HRS

You Searched For "KPCL" and got 6 results

Adani Ports is making 68% margin from one of its ports – the stock has doubled since lockdown

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Stake buy in KPCL to increase Adani Port's market share: Moody's

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Adani Ports completes ₹12,000 crore acquisition of Krishnapatnam Port Company

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APSEZ has sufficient financial headroom to absorb proposed buyout in Krishnapatnam Port: S&P

PTI

Top stock movers — HDFC, Adani Ports, Tata Motors, Infibeam Avenues, Majesco and more

Navdeep Yadav

APSEZ Q3 profit drops 4.3 pc to Rs 1,357 cr

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