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Investing.com - Cantor Fitzgerald initiated coverage on Adani Ports & Special Economic Zone Ltd. (ADSEZ:IN) with an Overweight rating and a price target of INR1,780.00.
The research firm highlighted Adani Ports’ significant market share growth, noting the company now holds 27% of India’s domestic port cargo market, up from approximately 10% in 2015. Its container share has increased to 45.5% from 36% five years ago.
Cantor Fitzgerald attributed this growth to Adani Ports’ expansion at a rate three and a half times faster than the industry average, positioning the company for continued substantial growth according to its 2030 targets.
The firm projects nearly 20% CAGR from fiscal 2025 to 2030 for revenue, EBITDA, and net cash flow from operations, primarily driven by organic growth. With domestic port EBITDA margins exceeding 70%, Adani Ports ranks among the most profitable port operators globally.
Cantor Fitzgerald noted the company’s long-term concessions averaging 30 years with extension options, strategic partnerships, and balanced east-west geographic footprint create opportunities for consistent volume growth across marine, port, and logistics sectors.
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