Jefferies has maintained its buy rating on Adani Ports & SEZ with a target price of ₹1,880 following the completion of the acquisition of Abbot Point Port Holdings (APPH) from the promoter group. The deal, originally announced in April 2025, marks a key milestone in the company’s strategy to deepen its global port footprint.
The brokerage said clarity is still awaited on consolidation timelines, but its current estimates already factor in incorporation of APPH from FY27 onwards, along with the accompanying equity dilution. Jefferies added that if the company consolidates APPH earlier, in FY26 itself, the transaction could add 8% to volumes and 6% to EBITDA for the year—broadly in line with the revised pro forma guidance issued by the company.
Jefferies noted that Adani Ports continues to pursue accretive expansion, and the completion of the APPH deal reinforces management’s focus on portfolio diversification and long-duration infrastructure assets. The brokerage said visibility on consolidated financials will be a key near-term factor, but the long-term growth trajectory remains intact.
Disclaimer: The views and recommendations above are those of Jefferies. Business Upturn does not endorse them. Please consult a financial advisor before making investment decisions.
