Nomura raises Adani Ports share price target by 12%. Here are 3 major reasons why

Nomura raised Adani Ports' share price target by 12%, implying 15% upside from current levels, citing industry tailwinds, strong capacity expansion guidance (domestic port capacity to scale to 1,000 MT by CY30 from 653 MT in FY26), and management's EBITDA CAGR targets of 18-19% for FY26-31. The brokerage factored in an EBITDA CAGR of 19% for FY26-29. The company posted Q4FY26 consolidated net profit of Rs 3,329 crore (up 10% YoY) on revenue of Rs 10,737 crore (up 26% YoY) and plans a capex of Rs 90,000-1,00,000 crore through FY31.