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JSW Infrastructure Ltd (JSWINFRA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543994 NSE: JSWINFRA Port | Mid Cap | JSW Infrastructure Share Price

₹338.30 23.20 (7.36%)

As on 24-Jun'26 16:59

JSW Infrastructure Ltd (JSWINFRA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543994 NSE: JSWINFRA Port | Mid Cap | JSW Infrastructure Share Price

₹338.30 23.20 (7.36%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹71,043 Cr.
Current Price
₹338.3
52-Week Low / High
₹233 / 349
TTM EPS
₹7.3
TTM Sales
₹5,361 Cr.
Book Value per Share
₹51.3
P/E Ratio
46.64
Higher than its 5-year historical median
Industry PE
199.4
Price to Book (P/B)
6.59
Higher than its 5-year historical median
Price to Sales (P/S)
13.25
In line with its 5-year historical median
EV/EBITDA
25.47
Higher than its 5-year historical median
Dividend Yield
0.27%
Profitability Efficiency
Return on Equity (ROE)
15.24%
Underperforms industry median
Return on Capital Employed (ROCE)
14.26%
Underperforms industry median
Return on Assets (ROA)
8.52%
Operating Profit Margin
48.6%
Net Profit Margin
28.85%
Gross Profit Margin
47.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
19.78%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
15.02%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
1.67%
Asset Quality
Promoter Holding
83.62%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹10,360 Cr.
Equity
₹420 Cr.
Face Value
₹2
All Time Low / High
₹141.75 / 361.00

JSW Infrastructure stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Strong
Q.1 Is JSW Infrastructure Ltd a good quality company?
JSW Infrastructure Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does JSW Infrastructure Ltd performance compare with that of its Peers?
Q.1 Revenue growth of JSW Infrastructure Ltd vs industry peers?
JSW Infrastructure Ltd revenue CAGR is 31.39%, compared to the industry median CAGR of 31.39%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of JSW Infrastructure Ltd?
Promoters hold 83.62% of the JSW Infrastructure Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of JSW Infrastructure Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -4.3% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
JSW Infrastructure Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 15.9%13%9.9%9.7%10.3%11.7%17.7%17.4%16%14.3%-
Value Creation
Index
0.40.2-0.1-0.1-0.10.00.60.60.4NA-

Growth Parameters

Sales 8889981,0801,1431,6042,2733,1953,7634,4765,3615,361
Sales YoY Gr.-12.4%8.2%5.8%40.3%41.8%40.6%17.8%19%19.8%-
Adj EPS 1.61.51.411.51.84.15.66.77.67.3
YoY Gr.--9.3%-1.4%-29.9%49.5%20.5%126.4%35%21%12.2%-
BVPS (₹) 10.814.415.813.915.517.420.937.845.951.751.3
Adj Net
Profit
2722642611812713277411,1411,3951,5731,523
Cash Flow from Ops. 6166003282599901,1761,7971,8032,1002,022-
Debt/CF from Ops. 2.62.96.31243.82.42.42.23.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 22.1%27.3%18.8%19.8%
Adj EPS 18.7%38%22.4%12.2%
BVPS19%27.2%35.3%12.5%
Share Price - - - 8.4%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
1611.89.56.71010.620.41915.815.314.1
Op. Profit
Mgn %
57.659.149.254.250.448.850.852.350.548.648.6
Net Profit
Mgn %
32.527.824.616.416.514.523.530.531.629.828.4
Debt to
Equity
0.90.70.71.21.41.41.10.60.50.60.5
Working Cap
Days
315336393482352236153117144206137
Cash Conv.
Cycle
5313811134619-10-1821884

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales8889981,0801,1431,6042,2733,1953,7634,4765,361
Operating Expenses + 3784105505247951,1641,5751,7982,2182,764
Manufacturing Costs8792141157190257381436525835
Material Costs0000000000
Employee Cost 60576075111150230285241239
Other Costs 2312623502924947579631,0771,4531,691
Operating Profit 5105885306198081,1091,6201,9652,2582,597
Operating Profit Margin (%) 57.4%58.9%49.1%54.2%50.4%48.8%50.7%52.2%50.4%48.4%
Other Income + 587710194107106178269431353
Exceptional Items 000000000-80
Interest 90130177277252420596332340383
Depreciation 82157171202271370391436547614
Profit Before Tax 3963772842343934268111,4651,8031,873
Tax 859712381089661304281326
Profit After Tax 3102812721972853307501,1611,5211,547
PAT Margin (%) 35.0%28.1%25.2%17.2%17.8%14.5%23.5%30.9%34.0%28.9%
Adjusted EPS (₹)1.71.51.51.11.61.84.15.67.37.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%9.80%11%12.30%

Valuation of JSW Infrastructure - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,8272,5942,8602,5012,7923,1223,7527,7629,52510,777
Share Capital 566060606060360410415417
Reserves 1,7712,5332,8002,4412,7323,0623,3937,3529,11110,360
Debt +1,4881,6802,0002,7173,4814,3274,1634,2964,5186,186
Long Term Debt9431,3642,0002,6113,3904,0954,0954,2704,4395,952
Short Term Debt544316010690232682579234
Minority Interest15719219720319720094205792815
Trade Payables391567205215275302356349374
Others Liabilities 5815537111,3011,3221,1577898831,2851,682
Total Liabilities 4,0915,1745,7756,9278,0089,0819,10013,50216,47019,835

Fixed Assets

Net Fixed Assets +2,8013,2583,2563,9484,9246,1345,9757,7579,39310,431
Gross Block3,1073,7923,7384,6285,8447,3767,5159,73111,90213,522
Accumulated Depreciation3065334816809201,2421,5401,9732,5093,092
CWIP 3806338627521,12580461322,0203,188
Investments 952823037629628330724418325
Inventories3450761259985102112134147
Trade Receivables1992943905184826014026778091,058
Cash Equivalents 453281021592651,0381,6324,0902,4822,318
Others Assets 5385838591,0488178596364891,4492,667
Total Assets 4,0915,1745,7756,9278,0089,0819,10013,50216,47019,835

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 6166003282599901,1761,7971,8032,1002,022
PBT 3963772842343934268111,4651,8031,873
Adjustment 242319363439480765972700567816
Changes in Working Capital 645-289-378183108195-1144-320
Tax Paid -85-102-30-36-66-122-181-248-274-347
Cash Flow From Investing Activity + -1,052-1,098-495-379-1,637-801-883-4,205-1,697-2,062
Capex -1,040-938-551-659-1,593-507-269-248-2,075-2,488
Net Investments -30-1699221-76-348-523-2,2361,089143
Others 18847593153-90-1,721-712284
Cash Flow From Financing Activity + 3875401402266413-8252,504-521227
Net Proceeds from Shares 0515000002,80000
Net Proceeds from Borrowing 51539588355902252-337113-19700
Interest Paid -88-119-122-216-225-362-273-248-306-327
Dividend Paid 00000000-116-168
Others 425-395-32687-36113-215-161-8022
Net Cash Flow -4941-27106-637790102-118187

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)18.4712.719.977.3310.7511.1721.820.1617.615.24
ROCE (%)15.9113.019.939.6610.3311.6517.6817.4116.0114.26
Asset Turnover Ratio0.250.220.20.180.210.270.350.330.30.3
PAT to CFO Conversion(x)1.992.141.211.313.473.562.41.551.381.31
Working Capital Days
Receivable Days75.6090.10115.70145113.708757.3052.3060.6063.60
Inventory Days17.2015.4021.3032.1025.5014.8010.7010.40109.60
Payable Days0000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

JSW Infrastructure Ltd FAQs

The current trading price of JSW Infrastructure on 24-Jun-2026 16:59 is ₹338.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Jun-2026 the market cap of JSW Infrastructure stood at ₹71,043.1 Cr

The latest P/E ratio of JSW Infrastructure as of 23-Jun-2026 is 423.9.

The latest P/B ratio of JSW Infrastructure as of 23-Jun-2026 is 13.99.

The 52-week high of JSW Infrastructure is ₹348.9 and the 52-week low is ₹233.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JSW Infrastructure is ₹601 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that JSW Infrastructure Ltd is a good quality company.

The key valuation ratios of JSW Infrastructure Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of JSW Infrastructure Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About JSW Infrastructure Ltd

The company was originally incorporated as “JSW Infrastructure & Logistics Limited” at Mumbai, Maharashtra as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated April 21, 2006 issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). The company received a certificate of commencement of business on June 22, 2006 by the RoC. The name of the company was subsequently changed to “JSW Infrastructure Limited”, pursuant to a special resolution passed in the extra-ordinary general meeting of the Shareholders held on March 25, 2008, pursuant to which a fresh certificate of incorporation consequent upon change of name was issued by the RoC on April 2, 2008. 

The company is the fastest growing port-related infrastructure company in terms of growth in installed cargo handling capacity and cargo volumes handled during Fiscal 2021 to Fiscal 2023, and the second largest commercial port operator in India in terms of cargo handling capacity in Fiscal 2023. Its operations have expanded from one Port Concession at Mormugao, Goa that was acquired by the JSW Group in 2002 and commenced operations in 2004, to nine Port Concessions as of June 30, 2023 across India, making it a diversified maritime ports company. It provides maritime related services including, cargo handling, storage solutions, logistics services and other value-added services to its customers, and is evolving into an end-to-end logistics solutions provider. It develops and operate ports and port terminals pursuant to Port Concessions. Its ports and port terminals typically have long concession periods ranging between 30 to 50 years, providing it with long-term visibility of revenue streams. 

The company has a diversified presence across India with Non-Major Ports located in Maharashtra and port terminals located at Major Ports across the industrial regions of Goa and Karnataka on the west coast, and Odisha and Tamil Nadu on the east coast. Its Port Concessions are strategically located in close proximity to its JSW Group Customers (Related Parties) and it well connected to cargo origination and consumption points. This enables it to serve the industrial hinterlands of Maharashtra, Goa, Karnataka, Tamil Nadu, Andhra Pradesh and Telangana, and mineral rich belts of Chhattisgarh, Jharkhand and Odisha, making its ports a preferred option for its customers. In addition, it benefits from strong evacuation infrastructure at its ports and port terminals that comprises of multi-modal evacuation techniques, such as coastal movement through a dedicated fleet of mini-bulk carriers, rail, road network and conveyor systems.

Business area of the company

The Company is primarily engaged in the business of developing, operating and maintaining the Ports services, Ports related Infrastructure development activities and development of infrastructure and logistics services. The company specializes in providing efficient and environmentally friendly port facilities at key locations along the East and West coasts of India. With operations spanning many ports and terminals concessions, the strategic positioning of its facilities makes them the preferred choice for its discerning clientele. The company offers comprehensive maritime services that encompass cargo handling, storage solutions, logistics services, and value-added offerings, positioning it as an evolving end-to-end logistics solutions provider.

Key awards, accreditations or recognitions

  • 2018: Awarded the “Bulk Port of the year” award at the Maritime and Logistics Awards, 2018.
  • 2018: Awarded the “CSR Excellence of the year 2018” award at the Gateway Awards, 2018.
  • 2020: JSW Jaigarh Port Limited awarded the ‘Golden Peacock Occupational Health and Safety Award –2020’.
  • 2021: Awarded as “Emerging Non Major Port of The Year” at Samudra Manthan Awards 2021.
  • 2021: JSW Jaigarh Port Limited won the Greentech Safety Award for Safety Excellence.
  • 2021: South West Port Limited won the Greentech Environment Award 2021.
  • 2022: Awarded “The ET Iconic Brand Award 2022”.
  • 2022: Awarded the “Best Finance Team of the Year” award in an industry event organised by UBS Forums.
  • 2022: Awarded “Best Multipurpose Port of the Year 2022”.
  • 2022: Awarded the Digital Business Innovation Award.
  • 2022: South West Port Limited was awarded the Greentech Environment Award 2022.
  • 2022: JSW Jaigarh Port Limited got certified as a “Premium member” of the British Safety Council.
  • 2022: JSW Jaigarh Port Limited received the “International Safety Award, 2022 – Merit” by the British Safety Council.
  • 2023: South West Port Limited was awarded for outstanding achievements in health and safety at the Greentech International EHS (environment health and safety) awards 2023.
  • 2023: Awarded the “Best Employer Brand Award” at National Best Employer Brands 2022 organised by Times Ascent.
  • 2023: Awarded the “Best Port Infrastructure of the year for Bulk Cargo Handling” award at the Construction Times Awards 2023 to Company and JSW Jaigarh Port (Hub & Spoke Model).
  • 2023: JSW Jaigarh Port Limited was awarded the “Coastal Service Operator of the Year” at the Ports & Shipping Industry Congress & Awards, 2023.
  • 2023: JSW Jaigarh Port Limited was awarded the “Port/Terminal Operator of the Year Environment Protection and Green Initiative” at the Ports & Shipping Industry Congress & Awards, 2023.
  • 2023: JSW Jaigarh Port Limited was awarded the “Non – Major Port of the Year” at the Ports & Shipping Industry Congress & Awards, 2023. 
  • 2024-25: JSW Infrastructure Limited bags Maharashtra’s “Best Employer Brands Award” hosted by World HRD Forum.
  • 2024-25: JSW Infrastructure Limited has been honoured with the “Great Indian IPO of the Year (BSE/NSE)” award at the prestigious Great Indian IPO Summit and Awards 2024.
  • 2024-25: The Company was also bestowed with the Golden Peacock Award for Sustainability by the Institute of Directors (IOD). 

Major events and milestones

  • 2008: JSW Jaigarh Port Limited entered into a concession agreement dated June 24, 2008 with Maharashtra Maritime Board for common user multi-port at Dhamankhol Bay, Jaigarh, Ratnagiri, Maharashtra.
  • 2010: JSW Jaigarh Port Limited received consent to operate for an all weather green field port facility at Jaigarh Port, Maharashtra.
  • 2012: Commencement of operations by JSW Dharamtar Port Private Limited at Dharamtar jetty, Maharashtra.
  • 2015: JSW Paradip Terminal Private Limited entered into a concession agreement dated May 29, 2015 with Board of Trustees of Paradip Port for development of new iron ore berth for handling of iron ore exports.
  • 2015: Cape vessel handled at Jaigarh Port
  • 2016: Paradip East Quay Coal Terminal Private Limited entered into a concession agreement dated May 2, 2016 with Board of Trustees of Paradip Port Trust for mechanisation of EQ – 1, 2, 3 berths for handling of thermal coal exports at Paradip port, Odisha.
  • 2016: Entered into an agreement dated November 8, 2016 for operations and maintenance of berth 5 and berth 6 at the Fujairah Sea Port with Port of Fujairah (United Arab Emirates) for undertaking to achieve bulk cargo handling capacity of 24 metric tonne per annum.
  • 2019: Commissioned a liquified natural gas terminal at Jaigarh Port, Maharashtra.
  • 2020: JSW Mangalore Container Terminal Private Limited entered into a concession agreement dated January 27, 2020 with Board of Trustees for New Mangalore Port for mechanization of berth no. 14 for handling containers and other cargo at New Mangalore Port Trust.
  • 2020: Capacity of the Dharamtar jetty facility in Dolvi, Mahrashtra was enhanced from 9.69 to 34.00 metric tonne per annum with fully mechanized cargo handling system.
  • 2020: Acquired the Chettinad group’s terminal business to develop, operate, buy or bid for any terminal or berth for handling coal and general cargo and assuming the related operations at Ennore Coal Terminal Private Limited, Ennore Bulk Terminal Private Limited, and Mangalore Coal Terminal Private Limited.
  • 2021: Paradip East Quay Coal Terminal Private Limited commenced commercial operations at Paradip port, Odisha. 
  • 2022: JSW Mangalore Container Terminal Private Limited commenced commercial operations at berth no. 14 at New Mangalore port, Karnataka.
  • 2022: JSW Terminal (Middle East) FZE entered into an agreement dated November 29, 2022 with Port of Fujairah for operations and maintenance of a mechanized bulk handling terminal at Dibba Port, Fujairah (United Arab Emirates).
  • 2023: JSW Infrastructure signs SPA to acquire majority holding of PNP Port from SP Group.
  • 2023: JSW Infrastructure’s arm acquires 100% stake in Marine Oil Terminal Corp
  • 2024: JSW Infrastructure incorporates wholly owned subsidiary. 
  • 2024: JSW Infrastructure’s arm enters into concession agreement with Jawaharlal Nehru Port Authority. 
  • 2024: JSW Infrastructure’s arm enters into concession agreement with V.O. Chidambaranar Port Authority.
  • 2024: JSW Infrastructure approves capex of Rs 2,359 crore for capacity expansion.
  • 2025: JSW Infrastructure acquires slurry pipeline business from JSW Utkal Steel.
  • 2025: JSW Infrastructure acquires brownfield Rail Siding in Karnataka.
  • 2025: JSW Infrastructure expands global footprint with strategic collaboration in Oman.
  • 2025: JSW Infrastructure to acquire 100% stake in JSW Rail, JSW Minerals, JSW South.
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