Rs 5/Share Dividend: Adani Stock Sets Record Date For 250% Dividend Payout

A large-cap company, Adani Ports and Special Economic Zone Ltd, registered a market valuation of Rs 1,57,949.36 Cr during Monday's closing session. The company is the largest integrated port and logistics firm in India. The largest commercial port operator in India is Adani Ports and Special Economic Zone Limited (APSEZ), which operates 13 domestic ports in seven coastal states including Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu, and Odisha.

"Pursuant to the Regulation 42 of SEBI Listing Regulations, it is hereby informed that the Company has fixed Friday, 28th July, 2023 as Record Date for the purpose of determining entitlement of the shareholders of the Company to receive Dividend of Rs. 5/- (@ 250%) per equity share having face value of Rs. 2/- each fully paid-up for the financial year 2022- 23. The said Dividend, if declared by the shareholders at the ensuing AGM, shall be paid on or after 10th August, 2023, subject to deduction of tax at source as applicable," said Adani Ports in a stock exchange filing on Monday.

Adani Ports and Special Economic Zone has announced an equity dividend of 250.00% at a face value of Rs 2, or Rs 5 per share, for the financial year ended March 2023. This generates a dividend yield at the current share price of Rs. 731.20 of 0.68%. The company has a solid track record of dividend declarations during the past five years. According to Trendlyne's statistics, Adani Ports & Special Economic Zone Ltd. has issued 19 dividends since September 12, 2008.

In the fourth quarter of FY23, the company recorded a consolidated net profit of Rs 1,158.88 crore, up 5.1% from Rs 1,102.61 crore in the same period of FY22. The company's revenue grew significantly, by 40% YoY, from Rs 4,140.8 crore in Q4FY22 to Rs 5,797 crore in Q4FY23. EBITDA for the firm jumped by 59% to Rs 3,270.7 crore in Q4FY23 from Rs 2,057.1 crore in Q4FY22, while Adani Ports' EBITDA margins rose to 56.4% from 49.7%. The consolidated net profit for FY23 was Rs 5,310.18 Cr, up from Rs 4,886.03 Cr in FY22. From Rs 17,118.79 crore in 12MFY22 to Rs 20,851.91 crore in 12MFY23, revenue climbed significantly. Adani Ports and Special Economic Zone is yet to declare its Q1FY24 results.

On Monday, the shares of Adani Ports Special Economic Zone closed on the BSE at Rs 731.20 apiece up by 0.65% from the previous close of Rs 726.45. The stock made a 52-week-high of Rs 987.90 on (20/09/2022) and a 52-week-low of Rs 394.95 on (03/02/2023). During Q4FY23, the company recorded promoter shareholding of 61.03%, FIIs stake of 17.99%, DIIs stake of 13.02% and public stake of 7.95%.