JSW Infrastructure Ltd logo

JSW Infrastructure Ltd

JSWINFRA NSE

JSW Infrastructure Limited provides maritime-related services including, cargo handling, storage solutions, and logistics services.[1]

AI Verdict: BUY Confidence: 7%

JSW Infrastructure offers strong structural growth with 20% TTM sales growth and 40.7% profit CAGR over 5 years, backed by near-unanimous analyst consensus (94% Buy). However, the premium valuation at 41.8x PE and 5.95x book warrants caution, making it a high-conviction but not cheap entry.

Key Fundamentals

MidcapPort & Port ServicesTransport
Market Cap
₹70,686 Cr
Volatility
High Risk
P/E Ratio
45.5
EBITDA
₹2,524 Cr
Return on Equity
14.1%
Debt to Equity
0.55
Book Value
₹51.81
EPS
₹5.37
52W High
₹349
52W Low
₹233.42

Technical Indicators

Key Insights

Strengths

2
  • Company has delivered good profit growth of 40.7% CAGR over last 5 years
  • Company's working capital requirements have reduced from 18.3 days to 10.7 days

Weaknesses

2
  • Stock is trading at 6.53 times its book value
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
11.02% ↘
Net Income Growth
2.53% ↘
Cash Flow Change
16.48% ↗
ROE
2.91% ↘
ROCE
-3.06% ↘
EBITDA Margin (Avg.)
-18.34% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
BUY
Risk medium

JSW Infrastructure offers strong structural growth with 20% TTM sales growth and 40.7% profit CAGR over 5 years, backed by near-unanimous analyst consensus (94% Buy). However, the premium valuation at 41.8x PE and 5.95x book warrants caution, making it a high-conviction but not cheap entry.

Bull Case 8
  • Exceptional profit growth of 40.7% CAGR over the last 5 years demonstrates strong operational leverage in the port infrastructure business
  • 94.44% analyst Buy ratings (17 out of 18 analysts) with zero Sell ratings reflects overwhelming institutional confidence
  • Compounded sales growth of 27% over 5 years and 20% TTM indicates sustained top-line momentum without deceleration
  • 3-year ROE of 17% is healthy for a capital-intensive infrastructure business, indicating efficient equity deployment
  • Working capital days reduced from 18.3 to 10.7 days, signalling improving cash conversion efficiency and stronger free cash flow generation
  • Market cap of Rs 65,478 Cr provides large-cap stability with institutional ownership base and adequate liquidity
  • Compounded profit growth of 29% over 3 years outpaces sales growth of 19% over the same period, demonstrating margin expansion and operating leverage
  • India's port capacity expansion tailwind with JSW Group parentage provides captive cargo visibility and financing access for long-term growth runway
Bear Case 8
  • PE ratio of 41.8x is significantly above the infrastructure sector average of 20-25x, pricing in several years of growth already
  • Stock trading at 5.95x book value is expensive for an asset-heavy port business where replacement cost matters
  • Potential interest cost capitalisation flagged as a concern could mean reported profits overstate true economic earnings
  • Stock price CAGR of only 2% over 1 year despite strong earnings growth suggests the market has already re-rated the stock and further upside may be limited
  • Dividend yield of just 0.29% offers negligible income return, making the investment entirely dependent on capital appreciation
  • ROE declining from 17% (3-year) to 15% (last year) suggests potential dilution of returns as the company scales aggressively
  • TTM profit growth of only 10% versus TTM sales growth of 20% indicates recent margin compression or higher interest/depreciation burden
  • Missing debt-to-equity and EPS data limits visibility on leverage risk in a capex-heavy port expansion phase

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 2
  • Net profit drops 57% in FY26 Jun 21

    Standalone net profit fell to ₹167.60 crores in FY26 from ₹391.39 crores in FY25, a sharp 57% decline in profitability.

  • QIP and OFS dilution approved Jun 22

    Board approved QIP of 23 crore shares and OFS of 3.32 crore shares to meet minimum public shareholding norms, which will dilute existing shareholders.

Positives 2
  • Kolkata container terminal win Jun 9

    Secured a 30-year DBFOT project to develop Outer Container Terminal at Kolkata adding 0.93 million TEUs, taking total Kolkata Dock capacity to 1.4 million TEUs.

  • Final dividend of ₹0.90/share Jun 13

    Record date fixed as June 18, 2026 for FY26 final dividend of ₹0.90 per share, subject to shareholder approval.

Neutral 2
  • Trading window closed per SEBI Jun 22

    JSW Infrastructure closed its trading window for securities with immediate effect until further notice, complying with SEBI insider trading regulations.

  • ₹15.50 Cr block trade on NSE Jun 11

    A block trade of approximately 5.65 lakh shares was executed at ₹274.20 per share on NSE, valued at ₹15.50 crores, signalling institutional activity.

TL;DR: JSW Infrastructure is expanding capacity aggressively with the Kolkata terminal win pushing towards its 1.8 million TEU target, but FY26 standalone profitability took a significant 57% hit. The QIP and OFS for MPS compliance will bring near-term dilution pressure. The trend is mixed — growth visibility remains strong on the infrastructure side, but earnings need to recover for the stock to sustain its premium valuation.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
915
878
848
940
1,096
1,010
1,001
1,182
1,283
1,224
1,266
1,350
1,522
Expenses
444
427
396
460
515
495
481
596
642
643
656
706
753
Operating Profit
472
451
452
480
581
515
521
586
641
581
610
644
769
OPM %
52%
51%
53%
51%
53%
51%
52%
50%
50%
47%
48%
48%
51%
Other Income
58
40
47
78
104
94
87
83
89
90
107
52
17
Interest
136
-16
71
143
134
82
-80
256
8
55
105
93
130
Depreciation
98
95
101
108
134
135
134
138
140
143
149
164
158
PBT
295
412
328
307
417
392
554
276
581
473
463
439
498
Tax %
-2%
22%
22%
17%
21%
24%
33%
-22%
11%
18%
20%
17%
15%
Net Profit
302
322
256
254
329
297
374
336
516
390
369
365
424
EPS in Rs
1.61
1.72
1.21
1.19
1.57
1.39
1.77
1.57
2.43
1.83
1.72
1.71
1.99
Figures in ₹ Crores

Profit & Loss

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
888
998
1,080
1,143
1,604
2,273
3,195
3,763
4,476
5,361
Expenses
377
410
550
524
787
1,164
1,572
1,795
2,214
2,758
Operating Profit
511
588
530
619
816
1,109
1,623
1,968
2,262
2,604
OPM %
58%
59%
49%
54%
51%
49%
51%
52%
51%
49%
Other Income
57
77
101
94
75
106
176
266
353
266
Interest
90
130
177
277
228
420
596
332
266
383
Depreciation
82
157
171
202
271
370
391
436
547
614
PBT
396
377
284
234
393
426
811
1,465
1,803
1,873
Tax %
22%
26%
4%
16%
28%
22%
8%
21%
16%
17%
Net Profit
310
281
272
197
285
330
750
1,161
1,521
1,547
EPS in Rs
54.6
44.09
43.93
31.37
48
54.02
3.97
5.5
7.16
7.25
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
10%
11%
12%
Figures in ₹ Crores

Balance Sheet

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
56
60
60
60
60
60
360
410
415
417
Reserves
1,798
2,553
2,827
2,488
2,831
3,212
3,635
7,616
9,282
10,460
Borrowings
1,599
1,732
2,051
3,103
3,946
4,740
4,568
4,758
5,042
6,899
Other Liabilities
628
840
762
1,085
1,286
1,165
750
909
2,068
2,582
Total Liabilities
4,082
5,185
5,701
6,736
8,123
9,177
9,312
13,694
16,807
20,358
Fixed Assets
2,730
3,186
3,256
3,948
4,924
6,134
5,975
7,757
9,523
10,568
CWIP
380
633
862
752
1,125
80
46
132
2,020
3,147
Investments
95
28
230
376
296
283
307
244
183
25
Other Assets
877
1,338
1,352
1,660
1,779
2,681
2,985
5,560
5,081
6,618
Total Assets
4,082
5,185
5,701
6,736
8,123
9,177
9,312
13,694
16,807
20,358
Figures in ₹ Crores

Cash Flow

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
616
600
328
259
990
1,176
1,797
1,803
2,100
2,022
Investing
-1,052
-1,098
-495
-378
-1,637
-801
-883
-4,202
-1,691
-2,062
Financing
387
540
140
226
641
3
-825
2,504
-521
227
Net Cash Flow
-49
41
-27
107
-6
377
90
105
-112
186
Free Cash Flow
-424
-338
-24
-400
-602
669
1,528
1,555
26
-467
CFO/OP
137
119
67
48
129
117
122
104
105
91
Figures in ₹ Crores

Ratios

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
82
108
104
160
94
97
46
66
66
72
Cash Conversion Cycle
82
108
104
160
94
97
46
66
66
72
Working Capital Days
-169
-27
181
122
52
63
16
34
10
11
ROCE %
—
12%
9%
9%
10%
11%
17%
16%
14%
14%

Shareholding Pattern

As of Mar 2026
Promoters 83.62%
FIIs 6.92%
Public 5.17%
DIIs 2.43%
Others 1.86%
Total 100.00%
  Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
85.61%
85.61%
85.61%
85.61%
85.62%
85.62%
85.62%
83.62%
83.62%
83.62%
83.62%
FIIs
0.00%
0.00%
2.34%
4.16%
4.21%
4.07%
4.76%
6.64%
7.31%
7.13%
6.92%
DIIs
3.66%
3.64%
3.58%
2.74%
2.51%
2.73%
2.70%
2.81%
2.55%
2.17%
2.43%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
2.51%
4.09%
4.94%
4.87%
5.08%
5.08%
4.59%
4.88%
4.60%
5.16%
5.17%
Others
8.22%
6.66%
3.52%
2.62%
2.59%
2.50%
2.34%
2.06%
1.93%
1.92%
1.86%
No. of Shareholders
1,98,809
3,00,229
3,74,721
3,90,005
4,25,549
4,38,570
4,38,044
4,39,841
4,36,239
4,60,059
4,60,256

Documents

Frequently Asked Questions about JSW Infrastructure Ltd

What does JSW Infrastructure Ltd do?
JSW Infrastructure Limited provides maritime-related services including, cargo handling, storage solutions, and logistics services.[1]
Where is JSW Infrastructure Ltd (JSWINFRA) listed?
JSW Infrastructure Ltd is listed on the Indian stock exchanges. It is listed on NSE: JSWINFRA and BSE: 543994. You can view its live share price, financials, and ratios on Tapetide.
Which sector does JSW Infrastructure Ltd belong to?
JSW Infrastructure Ltd operates in the Services sector within the Transport Infrastructure industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of JSW Infrastructure Ltd?
JSW Infrastructure Ltd has a market capitalisation of approximately ₹70686.05 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of JSW Infrastructure Ltd?
The Price-to-Earnings (PE) ratio of JSW Infrastructure Ltd is 45.50. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of JSW Infrastructure Ltd?
Over the past 52 weeks, JSW Infrastructure Ltd has traded between a low of ₹233.42 and a high of ₹349. This range helps investors understand the stock's price volatility and recent trading levels.
Does JSW Infrastructure Ltd pay dividends?
Yes, JSW Infrastructure Ltd has a dividend yield of 0.27%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of JSW Infrastructure Ltd?
JSW Infrastructure Ltd has a Return on Equity (ROE) of 14.10%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research JSW Infrastructure Ltd on Tapetide?
On Tapetide, you can view JSW Infrastructure Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

JSW Infrastructure Limited provides maritime-related services including, cargo handling, storage solutions, and logistics services.[1]

Website jsw.in/infrastructure
Listed 2023-10-03
Face Value ₹ 2
Issued Size 2,10,00,01,567

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