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JSW Infrastructure

JSWINFRA NSE
₹345.25 No trade today
P/E
49.96
View as Markdown
MCP
Close 4 Nov 2026 ₹345.25 +61.35 +21.6% 1Y
Start ₹283.90

Key Fundamentals

MidcapTransport InfrastructureServices

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
13.60%
Debt to Equity
0.63
EPS (TTM)
₹6.91
Book Value
₹77.28
Market Cap
—
P/E (TTM)
49.96
P/B
4.47
ROE
15.30%
Dividend Yield
0.28%
EBITDA
₹2,950 Cr
52W High
₹375.50
52W Low
₹233.42
Volume
0

Tapetide Score

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

Overall score

54 Average

Data confidence 100/100

Category scores

Quality
63
Good
Returns, margins, earnings quality 22% weight
Valuation
24
Poor
Cheap vs sector & own history 24% weight
Growth
58
Good
Sales & profit trajectory 9% weight
Financial Health
48
Average
Solvency, leverage, coverage 9% weight
Momentum
85
Strong
Trend strength, vol-adjusted 12% weight
Ownership
58
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 6.55 times its book value
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2413
OscillatorsBullish243
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
58.23
Neutral
MACD (12,26,9)
−4.54
Bullish
SMA (50)
338.58
Bullish
SMA (200)
298.49
Bullish

As of

Analyst Rating

Based on 18 analysts
BUY83%

15 of 18 analysts rate Buy, 1 Hold, 2 Sell.

As of

BUY
15
83%
HOLD
1
6%
SELL
2
11%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+27.29%
3Y+18.83%
1Y+19.77%
TTM+19.04%

Net profit

Net profit growth by window
5Y+40.26%
3Y+27.29%
1Y+1.71%
TTM−6.19%

Operating cash flow

Operating cash flow growth by window
5Y+15.35%
3Y+4.01%
1Y−3.71%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y−2.30 pp
3Y−2.23 pp
1Y−1.97 pp
TTM−1.35 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹888 Cr
Mar 2018₹998 Cr
Mar 2019₹1,080 Cr
Mar 2020₹1,143 Cr
Mar 2021₹1,604 Cr
Mar 2022₹2,273 Cr
Mar 2023₹3,195 Cr
Mar 2024₹3,763 Cr
Mar 2025₹4,476 Cr
Mar 2026₹5,361 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹310 Cr
Mar 2018₹281 Cr
Mar 2019₹272 Cr
Mar 2020₹197 Cr
Mar 2021₹285 Cr
Mar 2022₹330 Cr
Mar 2023₹750 Cr
Mar 2024₹1,161 Cr
Mar 2025₹1,521 Cr
Mar 2026₹1,547 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹735 Cr −14.9% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk high

JSW Infrastructure Ltd trades at ₹345.25 as of 2026-11-04 with a market cap of ₹78,439.5 crore and a P/E (TTM) of 49.96. The company has delivered strong 5-year profit CAGR of 40% and 5-year sales CAGR of 27%, though TTM profit growth has turned negative at -3%, presenting a mixed picture of historical strength against near-term deceleration.

Bull Case 7
  • Strong long-term profit growth with a 5-year compounded profit CAGR of 40%, reflecting robust earnings expansion over a meaningful period
  • Healthy 5-year compounded sales CAGR of 27% and TTM revenue growth of 19%, indicating continued top-line momentum
  • Consistent return on equity averaging 16% over 3 and 5 years, with the last year at 15%, demonstrating steady capital efficiency
  • Working capital requirements have improved significantly from 18.2 days to 10.5 days, signalling better operational efficiency and cash conversion
  • Manageable debt-to-equity ratio of 0.63, keeping leverage at a reasonable level for an infrastructure business
  • Stock has delivered a 3-year CAGR of 26%, well ahead of broader market returns over the same period
  • ROCE of 12.25% as of 2026-11-04 remains positive and reflects the company's ability to generate returns above typical cost-of-debt levels in infrastructure
Bear Case 6
  • P/E (TTM) of 49.96 is elevated, implying the market is pricing in significant future growth that must materialize to justify current levels
  • TTM compounded profit growth has turned negative at -3%, a sharp deceleration from the 3-year CAGR of 29% and 5-year CAGR of 40%
  • Stock trades at a price-to-book ratio of 4.47 (and flagged at 6.55 times book value on certain metrics), which is demanding for a capital-intensive infrastructure business
  • Potential capitalisation of interest costs has been flagged, which could overstate reported profitability and asset values if confirmed
  • Dividend yield of just 0.28% offers negligible income return, placing nearly the entire return expectation on capital appreciation
  • ROE of 13.23% as of 2026-11-04 is modest relative to the premium valuation, suggesting the market multiple may be running ahead of current return generation

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

AI News Digest

11d ago

TL;DR: Limited news flow for JSW Infrastructure this period. The only notable activity was a sizable block deal worth ₹150.47 crore, which signals institutional repositioning but carries no clear directional bias. With no fundamental headwinds or positive catalysts in the recent cycle, the near-term outlook hinges on upcoming quarterly results and any new port capacity or cargo volume updates.

Neutral 1
  • Large block deals worth ₹150Cr Sep 25

    JSW Infrastructure shares worth ₹150.47 crore changed hands in large trades across BSE (₹110.44 crore at ₹365.00) and NSE (₹40.03 crore at ₹361.10), involving approximately 41.34 lakh shares.

Quarterly Results

₹ Cr
JSWINFRA quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 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
1,481
Expenses
427
396
460
515
495
481
596
642
643
656
706
753
771
806
Operating Profit
451
452
480
581
515
521
586
641
581
610
644
769
674
674
OPM %
51%
53%
51%
53%
51%
52%
50%
50%
47%
48%
48%
51%
47%
46%
Other Income
40
47
78
104
94
87
83
89
90
107
52
17
57
189
Interest
−16
71
143
134
82
−80
256
8
55
105
93
130
102
257
Depreciation
95
101
108
134
135
134
138
140
143
149
164
158
166
175
PBT
412
328
307
417
392
554
276
581
473
463
439
498
463
431
Tax %
22%
22%
17%
21%
24%
33%
−22%
11%
18%
20%
17%
15%
23%
24%
Net Profit
322
256
254
329
297
374
336
516
390
369
365
424
358
328
EPS (₹)
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
—

Sep 2026: from the results filed on 27 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
JSWINFRA profit and loss, annual, ₹ crore
Particulars 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 (₹)
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%
—

Balance Sheet

₹ Cr
JSWINFRA balance sheet, annual, ₹ crore
Particulars 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

Cash Flow

₹ Cr
JSWINFRA cash flow, annual, ₹ crore
Particulars 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

Ratios

JSWINFRA financial ratios, annual
Particulars 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%

Insights

Beta

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

Log in to view JSW Infrastructure insights

63 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 73.93%
  • FIIs 12.48%
  • DIIs 8.51%
  • Public 4.02%
  • Others 1.06%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about JSW Infrastructure

What does JSW Infrastructure Ltd do?
JSW Infrastructure Limited provides maritime-related services including, cargo handling, storage solutions, and logistics services.
Where is JSW Infrastructure Ltd (JSWINFRA) listed?
JSW Infrastructure Ltd trades as JSWINFRA on the NSE and under code 543994 on the BSE.
Which sector does JSW Infrastructure Ltd belong to?
JSW Infrastructure Ltd is classified under the Transport sector, in the Port & Port Services industry.
What is the PE ratio of JSW Infrastructure Ltd?
JSW Infrastructure Ltd trades at a PE ratio of 49.96 as of 4 Nov 2026, on earnings per share of ₹6.91, against a book value of ₹77.28 per share.
What is the 52-week high and low of JSW Infrastructure Ltd?
Over the last 52 weeks JSW Infrastructure Ltd has traded between ₹233.42 and ₹375.5 as of 4 Nov 2026.
Does JSW Infrastructure Ltd pay dividends?
JSW Infrastructure Ltd has a dividend yield of 0.28%.
What is the Return on Equity (ROE) of JSW Infrastructure Ltd?
JSW Infrastructure Ltd reported a return on equity of 15.30%. Its debt-to-equity ratio is 0.63.

Company Information

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

Website jsw.in/infrastructure
Listed 3 Oct 2023
Face Value ₹2

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