Who builds India

Who runs India's ports and airports

The listed companies behind it.

4 listed companies earned ₹54,580 crore from running ports and airports in FY26, up 27.2% on FY25. Adani Ports & Special Economic Zone Ltd earned the most, 61.1% of it. Adani Ports & Special Economic Zone Ltd earned the most on each rupee of sales: 50.8%.

Listed companies' sales, FY26

₹54,580 Cr

up 27.2% on FY25

Largest seller

61.1%

Adani Ports & Special Economic Zone Ltd

Best margin

50.8%

Adani Ports & Special Economic Zone Ltd

Who sells the most

Share of the listed companies' sales, FY26

Adani Ports & Special Economic Zone Ltd₹33,330 Cr · 86% of its sales

61.1%

Adani Enterprises Ltd₹12,892 Cr · 13% of its sales

23.6%

JSW Infrastructure Ltd₹4,647 Cr · 87% of its sales

8.5%

GMR Airports Ltd₹3,711 Cr (estimate) · 25% of its sales

6.8%

Adani Ports & Special Economic Zone Ltd had 61.1% of the listed companies' revenue from running ports and airports here, 2.6 times as much as Adani Enterprises Ltd, the next largest. The two together sold 85%; the other 2 the rest.

From each company's own sales figures for this kind of product (its reported segment, or its whole sales where that is all it sells). Private makers are not counted, so this is the split among listed companies, not the whole market. An estimate is the share of turnover the company gives this product line in its sustainability report, times its own sales for the year, where its segments do not split it out.

How the sales have grown, and who sold them

Revenue from running ports and airports each financial year in ₹ crore (L = lakh crore), the change on the year before above each column

Adani Ports & Special Economic Zone LtdAdani Enterprises LtdJSW Infrastructure LtdGMR Airports Ltd

The listed companies here earned ₹54,580 Cr from running ports and airports in FY26, up from ₹42,920 Cr in FY25. Adani Ports & Special Economic Zone Ltd's part of the total went from 64% in FY25 to 61% in FY26.

Who earns the most on each rupee

Operating profit as a share of revenue from running ports and airports, each financial year

Adani Ports & Special Economic Zone LtdAdani Enterprises LtdJSW Infrastructure Ltd

Operating profit before interest and tax, as a share of revenue from running ports and airports. Adani Ports & Special Economic Zone Ltd earned 50.8% on its sales in FY26, against 51.3% in FY25. Adani Enterprises Ltd earned 21.5% on its sales in FY26, against 14.3% in FY25. JSW Infrastructure Ltd earned 42.6% on its sales in FY26, against 43.3% in FY25.

The companies, and their brands

Company and brands	Sales FY26	Growth 1 yr	3 yrs	5 yrs	Margin	Profit share	Return on assets	P/E	ROE	Share price 1 yr
Adani Ports & Special Economic Zone Ltd	₹33,330 Cr	+20.6%	—	—	50.8%	78.1%	11.9%	30.1	3.5%	+23.4%
Adani Enterprises Ltd Sells in 19 states and 7 countries; exports 17.97% of turnover	₹12,892 Cr	+28.7%	—	—	21.5%	12.8%	4.2%	42.4	5.3%	+7.1%
JSW Infrastructure Ltd	₹4,647 Cr	+10.0%	—	—	42.6%	9.1%	12.6%	48.2	3.2%	+11.2%
GMR Airports Ltd Sells in 5 states and 3 countries; exports 6.4% of turnover	₹3,711 Cr estimate	+257.1%	—	—	—	—	—	196.4	0.3%	+1.7%

Brands are read from each company's filings and checked against a public source. Growth is the yearly rate of its revenue from running ports and airports. Margin is the operating profit (before interest and tax) the company reports on them, as a share of those sales; profit share is its part of all the listed companies' profit on them; return on assets is that profit against the assets it reports for them. A company with no other business is measured on its whole accounts. Where a company's segments include sales between its own businesses (a bank's treasury lending to its retail arm), each segment is scaled down in proportion so that together they match what the company earns outside itself; companies report those internal sales only as a total. Not a recommendation to buy or sell.

Questions people ask