Adani Ports – Leader in ports

One can compare with Gujarat Pipavav port, it has only one terminal in Pipavav, whose ultimate parent is ap moeller, a world class operator.It is like a steady state business where one can’t expect growth, The last 5 years median p/e is around 20,debt free and dividend yield of 4%, i would consider this expensive with no growth, Adani has two ports across the gulf of khmbat in Hazira/Dahej which can take away Pipavav business