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JSW Infrastructure Ltd

JSWINFRA NSE

Key Fundamentals

MidcapPort & Port ServicesTransport
Market Cap
₹77,263 Cr
Volatility
Moderate
P/E Ratio
47.56
EBITDA
₹2,950 Cr
Return on Equity
13.23%
Debt to Equity
0.63
Book Value
₹74.83
EPS
₹5.37
52W High
₹355.8
52W Low
₹233.42

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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44 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company has delivered good profit growth of 40.4% CAGR over last 5 years
  • Company's working capital requirements have reduced from 18.2 days to 10.5 days

Weaknesses

2
  • Stock is trading at 6.34 times its book value
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
18.19% ↗
Net Income Growth
1.67% ↗
Cash Flow Change
-3.76% ↘
ROE
-8.82% ↗
ROCE
-7.89% ↗
EBITDA Margin (Avg.)
-4.56% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

JSW Infrastructure is India's second-largest private commercial port operator with a market cap of ₹80,688 crore, trading at a PE of 53.3x. The company delivered FY25 revenue of ₹4,829 crore (up 20% YoY) and PAT of ₹1,521 crore (up 31% YoY), while handling 117 million tonnes of cargo. It trades at 6.69x book value with an ambitious ₹30,000 crore capex plan targeting 400 MTPA capacity by FY30.

Bull Case 8
  • Strong profit growth track record with 40.4% CAGR in compounded profit over the last 5 years, and FY25 PAT grew 31% YoY to ₹1,521 crore
  • FY25 revenue grew 20% YoY to ₹4,829 crore with EBITDA of ₹2,615 crore (up 17% YoY), reflecting consistent top-line momentum
  • Third-party cargo share increased to 49% in FY25 from 40% in FY24, reducing dependence on JSW Group captive volumes and diversifying revenue base
  • Cargo volumes grew 9% YoY to 117 million tonnes in FY25, with Q2 FY25 alone posting 16% YoY volume growth to 27.5 million tonnes
  • Ambitious capacity expansion plan with ₹30,000 crore capex over FY25-30 targeting 400 MTPA capacity from current ~170 MTPA, providing a long growth runway
  • Working capital efficiency improved significantly with requirements reducing from 18.2 days to 10.5 days, freeing up cash for operations
  • International diversification underway with 51% stake in an Oman port SPV and existing operations in Fujairah, UAE with 41 MTPA dry bulk and 465,000 cubic meters liquid storage capacity
  • Q1 FY26 continued strong momentum with revenue of ₹1,224 crore (up 21% YoY) and PAT of ₹390 crore (up 31% YoY)
Bear Case 8
  • Stock trades at a PE of 53.3x and 6.69x book value (PB of 4.63x on screener), making it expensive relative to infrastructure sector peers
  • TTM compounded profit growth has turned negative at -3%, suggesting recent quarterly earnings momentum may be decelerating
  • Company might be capitalizing interest costs, which could be inflating reported profits and asset values
  • Massive ₹30,000 crore capex plan over FY25-30 implies significant debt accumulation and execution risk over an extended period
  • Dividend yield is minimal at 0.26%, offering negligible income return to shareholders at current valuations
  • High dependence on parent JSW Group still exists with 51% of cargo volumes being captive, exposing the company to group-level cyclical risks in steel and cement
  • Q4 FY25 cargo volume growth slowed to just 5% YoY (31.2 million tonnes) compared to 16% in Q2 FY25, indicating potential volume growth deceleration
  • QIP fundraise of ₹7,503 crore planned for capacity expansion could dilute existing shareholders' earnings per share

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

AI News Digest

Anthropic anthropic claude-opus-4.6 6h ago
Positives 1
  • Q1FY27 revenue and EBITDA up Aug 5

    Consolidated revenue of ₹3,763 crore and EBITDA of ₹569 crore in Q1FY27, driven by 5.6% rise in cargo volumes to 31.0 MMT year-on-year.

Neutral 4
  • ₹28 crore block trade on NSE Aug 10

    Approximately 815,885 shares traded in a block deal at ₹343.35 per share, totaling ₹28.01 crore, indicating institutional-level participation.

  • Q1FY26 consolidated profit dips Jul 23

    Net profit fell to ₹357.60 crore in Q1FY26 from ₹389.57 crore in Q1FY25, though standalone operations turned profitable at ₹75.17 crore.

  • AGM scheduled for August 13 Jul 20

    JSW Infrastructure will hold its 20th AGM on August 13, 2026 via video conferencing, with e-voting cut-off on August 6, 2026.

  • Q1FY27 earnings call held Jul 20

    Management discussed Q1FY27 results on July 21, 2026 with key executives leading the conference call.

TL;DR: JSW Infrastructure is showing steady operational growth with cargo volumes rising 5.6% YoY and revenue and EBITDA improving in Q1FY27. No significant headwinds are visible in recent news. The institutional block trade suggests continued interest from large investors. The trend appears stable with volume-driven growth intact heading into the next quarter.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
878
848
940
1,096
1,010
1,001
1,182
1,283
1,224
1,266
1,350
1,522
1,445
Expenses
427
396
460
515
495
481
596
642
643
656
706
753
771
Operating Profit
451
452
480
581
515
521
586
641
581
610
644
769
674
OPM %
51%
53%
51%
53%
51%
52%
50%
50%
47%
48%
48%
51%
47%
Other Income
40
47
78
104
94
87
83
89
90
107
52
17
57
Interest
-16
71
143
134
82
-80
256
8
55
105
93
130
102
Depreciation
95
101
108
134
135
134
138
140
143
149
164
158
166
PBT
412
328
307
417
392
554
276
581
473
463
439
498
463
Tax %
22%
22%
17%
21%
24%
33%
-22%
11%
18%
20%
17%
15%
23%
Net Profit
322
256
254
329
297
374
336
516
390
369
365
424
358
EPS in Rs
1.72
1.21
1.19
1.57
1.39
1.77
1.57
2.43
1.83
1.72
1.71
1.99
1.49
Figures in ₹ Crores

Profit & Loss

  Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
888
998
1,080
1,143
1,604
2,273
3,195
3,763
4,476
5,361
5,582
Expenses
377
410
550
524
787
1,164
1,572
1,795
2,214
2,757
2,886
Operating Profit
511
588
530
619
816
1,109
1,623
1,968
2,262
2,604
2,696
OPM %
58%
59%
49%
54%
51%
49%
51%
52%
51%
49%
48%
Other Income
57
77
101
94
75
106
176
266
353
266
233
Interest
90
130
177
277
228
420
596
332
266
383
430
Depreciation
82
157
171
202
271
370
391
436
547
614
636
PBT
396
377
284
234
393
426
811
1,465
1,803
1,873
1,863
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
1,515
EPS in Rs
54.6
44.09
43.93
31.37
48
54.02
3.97
5.5
7.16
7.25
6.91
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
2,439
Total Liabilities
4,082
5,185
5,701
6,736
8,123
9,177
9,312
13,694
16,807
20,215
Fixed Assets
2,730
3,186
3,256
3,948
4,924
6,134
5,975
7,757
9,523
10,527
CWIP
380
633
862
752
1,125
80
46
132
2,020
3,188
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
6,474
Total Assets
4,082
5,185
5,701
6,736
8,123
9,177
9,312
13,694
16,807
20,215
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 Jun 2026
Promoters 73.93%
FIIs 11.21%
DIIs 9.19%
Public 4.25%
Others 1.41%
Total 99.99%
  Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
85.61%
85.61%
85.61%
85.61%
85.62%
85.62%
85.62%
83.62%
83.62%
83.62%
83.62%
73.93%
FIIs
0.00%
0.00%
2.34%
4.16%
4.21%
4.07%
4.76%
6.64%
7.31%
7.13%
6.92%
11.21%
DIIs
3.66%
3.64%
3.58%
2.74%
2.51%
2.73%
2.70%
2.81%
2.55%
2.17%
2.43%
9.19%
Government
0.00%
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%
4.25%
Others
8.22%
6.66%
3.52%
2.62%
2.59%
2.50%
2.34%
2.06%
1.93%
1.92%
1.86%
1.41%
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
4,43,822

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 Transport sector within the Port & Port Services 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 ₹77262.85 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 47.56. 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 ₹355.8. 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 13.23%. 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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