Adani Ports Share Price: 33.6% CAGR in 3 Years as the Largest Private Port Operator Faces JSW Infrastructure
- November 13, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Adani Ports Share Price: 33.6% CAGR in 3 Years as the Largest Private Port Operator Faces JSW Infrastructure
Adani Ports previous close Rs 1,930. 3-year CAGR 33.6%. Up 2.4x since 10 Nov 2023. ROE 13.33%. Market cap Rs 4,43,167 crore.
Quick Answer
The Adani Ports share price closed at Rs 1,930 on 12 November 2026, a compounded annual return of 33.6% over three years. That compares with JSW Infrastructure at 20.2%. The company has a market cap of Rs 4,43,167 crore and a P/E of 32.39 against an industry P/E of 33.17.
The Adani Ports share price has more than doubled in three years, and the stock trades close to the industry P/E. Adani Ports and Special Economic Zone, based in Ahmedabad, is the largest private port operator in India and also runs logistics and marine services.
This article compares that run with JSW Infrastructure, another listed port operator. We calculate the three-year CAGR for both and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.
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How Much Has the Adani Ports Share Price Returned in 3 Years?
The Adani Ports stock closed at Rs 808.60 on 10 November 2023 and at Rs 1,930.00 on 12 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 2.39 lakh, which is a CAGR of 33.6%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Adani Ports can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The Adani Ports share price has also followed growth in cargo volumes at its ports, the spread of its logistics business and the expansion of its network along both coasts.
Adani Ports vs JSW Infrastructure: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 10 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 12 November 2026.
| Company | Close on 10 Nov 2023 | Previous close (12 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| Adani Ports and SEZ | Rs 808.60 | Rs 1,930.00 | 2.4x | 33.6% |
| JSW Infrastructure | Rs 197.00 | Rs 342.05 | 1.7x | 20.2% |
The Adani Ports stock leads the pair at 33.6%, ahead of JSW Infrastructure at 20.2%. Adani Ports leads the pair at a much larger size, with a market cap several times that of JSW Infrastructure and a higher ROE.
Look at the Adani Ports share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | Industry P/E | ROE | Debt to equity |
|---|---|---|---|---|---|
| Adani Ports and SEZ | Rs 4,43,167 crore | 32.39 | 33.17 | 13.33% | 0.65 |
| JSW Infrastructure | Rs 79,698 crore | 54.04 | 33.17 | 8.01% | 0.47 |
By market cap, Adani Ports and SEZ is the largest of the group at Rs 4,43,167 crore, which gives it the scale advantage over JSW Infrastructure. On earnings, Adani Ports shares trade at a P/E of 32.39 against an industry P/E of 33.17, a discount of about 2% to the sector, which leaves room if earnings keep growing. Peer multiples are JSW Infrastructure at 54.04.
Return on equity is 13.33% for the Adani Ports stock, which ranks first among the two, and debt to equity stands at 0.65. Trailing EPS is Rs 59.39. Port operators are valued on cargo growth and the returns they earn on large capital projects, so the P/E should be read together with return on equity and the debt on the balance sheet.
What Is Driving the Adani Ports Stock?
Adani Ports runs many ports across India, with Mundra as its largest, and handles containers, coal, crude oil and other cargo. It has added logistics services such as rail, warehousing and inland container depots to move cargo beyond the port gate.
The company has also built a presence in marine services and has a stake in ports overseas. Its debt to equity of 0.65 reflects the cost of building ports, which take several years to start earning returns.
Followers of the Adani Ports share price usually track monthly cargo volumes, the contribution of logistics, port capacity additions and debt levels.
How the Established Players Stack Up
JSW Infrastructure is a Mumbai-based port operator from the JSW Group that handles dry bulk, containers and liquid cargo at ports on the west and east coasts. It compounded at 20.2% a year, on a market cap of Rs 79,698 crore and an ROE of 8.01%.
What Should Investors Track Next?
Three things are worth watching on the Adani Ports share price. First, cargo volume growth. Second, the progress of its logistics business. Third, new capacity and the trend in debt.
At a P/E of 32, the stock trades close to the industry P/E of 33, and its ROE is 13.33%. Cargo volumes can move with global trade, so follow quarterly numbers closely.
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How to Compare Port Stocks Yourself
You can repeat this exercise for any pair of stocks, including the Adani Ports stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the Adani Ports share price, the same four checks give a more complete picture than price alone.
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The Largest Private Port Operator in a Two-Stock Comparison
The Adani Ports share price compounded at 33.6% a year over three years, ahead of JSW Infrastructure at 20.2%. Its market cap of Rs 4,43,167 crore is several times larger, and its ROE of 13.33% is higher.
JSW Infrastructure brings a smaller base and expansion plans, while Adani Ports brings scale and a wider logistics network. The choice depends on which port business you prefer.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Adani Ports share price today?
Ans. Adani Ports and SEZ closed at Rs 1,930 on 12 November 2026, according to NSE data. It has a market cap of Rs 4,43,167 crore and a P/E of 32.39. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the Adani Ports stock?
Ans. Adani Ports and SEZ delivered a price CAGR of 33.6% over three years, moving from Rs 808.60 on 10 November 2023 to Rs 1,930.00 on 12 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is Adani Ports better than JSW Infrastructure?
Ans. Adani Ports delivered a higher three-year CAGR at 33.6% than JSW Infrastructure at 20.2%. Adani Ports is much larger by market cap at Rs 4,43,167 crore against Rs 79,698 crore, trades at a lower P/E of 32.39 against 54.04 and has a higher ROE at 13.33% against 8.01%. The better choice depends on your view of each business.
What does Adani Ports and SEZ do?
Ans. Adani Ports and Special Economic Zone is an Ahmedabad-based company that is the largest private port operator in India, with additional logistics and marine services.
Is the Adani Ports stock debt free?
Ans. The debt to equity ratio of the Adani Ports stock is 0.65 and its return on equity is 13.33%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
Is Adani Ports expensive compared with the industry?
Ans. Adani Ports trades at a P/E of 32.39 against an industry P/E of 33.17. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which port stock gave the highest return in 3 years?
Ans. Among the companies compared here, Adani Ports and SEZ delivered the highest three-year CAGR at 33.6%, followed by JSW Infrastructure at 20.2%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.