The Adani Ports & SEZ share price is in focus as Motilal Oswal maintains a ‘Buy’ rating on the stock. The brokerage has a target of Rs 1,700 per share. This implies upside of 29% from current levels. As per the report by Motilal Oswal, Adani Ports has transformed from a pure-play port operator into India’s most diversified transport and logistics platform, with strong growth visibility across ports, logistics, and marine services.
This Adani Group company captures a higher customer wallet share and builds cargo stickiness with integrated end-to-end offerings, while its diversified and scalable model underpins sustainable growth. Now, this positions the company to achieve its goal of becoming India’s largest integrated transport utility by 2029. Alongside the dominant ports franchise, logistics and marine emerge as a key growth engine of Adani Ports.
Motilal Oswal on Adani Ports: Ports business ahead of industry
Adani Ports’ business of ports continues to outpace the industry, with domestic volume growth nearly three times the sector over the past decade, market share expanding to 27.8% in Q1 FY26, up 60 basis points year-over-year, and container share rising to 46%. New assets such as Vizhinjam and Colombo, along with overseas operations such as Haifa, provide incremental growth and geographic diversification.
Motilal Oswal on Adani Ports: Container business expanding steadily
The container market share has also expanded steadily to 46% from 36% during June 2025-March 2020. Key capacity expansion, such as the automated Colombo West International Terminal and new berths at Dhamra, along with the rapid ramp-up of Vizhinjam, strengthens the growth pipeline.
Motilal Oswal on Adani Ports: Marine business to increase 3-fold by FY27
The business strengthened by the inorganic expansion, marine operations, has emerged as another high-growth vertical for Adani Ports. The company has a diversified fleet of 118 vessels, which includes tugs, anchor handling tug supply vessels, multipurpose support vessels, workboats, and barges.
Adani Ports management has guided for a three-fold increase in marine revenue by FY27, positioning the segment as a profitable and capital-efficient business that complements port operations while extending Adani Port’s reach across global shipping routes.
Adani Ports stock performance
In the last five trading sessions, the share price of Adani Ports has fallen 2.3%. The stock has corrected by over 4% in the last one month. However, Adani Ports has given a return of 23% in the past six months. The stock has declined 12% over the last one year. If we check the list of Adani Group stocks, the stock has seen a significant decline over the last 1 month.