JSW Infrastructure Ltd
JSW Infrastructure Limited provides maritime-related services including, cargo handling, storage solutions, and logistics services.[1]
- Market Cap ₹ 59,755 Cr.
- Current Price ₹ 285
- High / Low ₹ 349 / 218
- Stock P/E 162
- Book Value ₹ 24.7
- Dividend Yield 0.28 %
- ROCE 9.32 %
- ROE 6.93 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 22.3% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 27.2%
Cons
- Stock is trading at 11.5 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 7.22% over last 3 years.
- Earnings include an other income of Rs.642 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Transport Infrastructure Port & Port services
Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 BSE MidCap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 230 | 271 | 285 | 320 | 473 | 532 | 534 | 520 | 536 | |
| 134 | 208 | 128 | 164 | 270 | 312 | 330 | 338 | 339 | |
| Operating Profit | 95 | 63 | 156 | 156 | 203 | 220 | 204 | 182 | 196 |
| OPM % | 42% | 23% | 55% | 49% | 43% | 41% | 38% | 35% | 37% |
| 34 | 65 | 73 | 50 | 117 | 295 | 416 | 664 | 642 | |
| Interest | 29 | 6 | 67 | 69 | 145 | 460 | 252 | 347 | 493 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 3 | 5 |
| Profit before tax | 98 | 120 | 161 | 135 | 173 | 53 | 367 | 496 | 340 |
| Tax % | 28% | 8% | 18% | 27% | 19% | -27% | 22% | 21% | |
| 71 | 111 | 132 | 99 | 141 | 67 | 287 | 391 | 370 | |
| EPS in Rs | 11.68 | 18.27 | 21.66 | 16.31 | 23.15 | 0.36 | 1.37 | 1.86 | 1.76 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 39% | 42% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 3% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 35% |
| TTM: | -10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 7% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 60 | 60 | 60 | 60 | 60 | 360 | 410 | 415 | 416 |
| Reserves | 1,236 | 1,355 | 990 | 1,141 | 1,333 | 1,243 | 4,386 | 4,730 | 4,768 |
| 54 | 0 | 501 | 532 | 3,157 | 3,260 | 3,311 | 3,405 | 3,667 | |
| 33 | 35 | 82 | 227 | 259 | 189 | 220 | 644 | 628 | |
| Total Liabilities | 1,383 | 1,450 | 1,633 | 1,959 | 4,808 | 5,052 | 8,328 | 9,193 | 9,479 |
| 175 | 92 | 102 | 101 | 98 | 101 | 102 | 162 | 208 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,585 | 1,716 |
| Investments | 537 | 692 | 1,061 | 1,414 | 1,560 | 1,385 | 1,919 | 3,188 | 3,311 |
| 671 | 666 | 470 | 444 | 3,150 | 3,566 | 6,308 | 4,258 | 4,243 | |
| Total Assets | 1,383 | 1,450 | 1,633 | 1,959 | 4,808 | 5,052 | 8,328 | 9,193 | 9,479 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 354 | 129 | 132 | 321 | 170 | 162 | 250 | 74 | |
| -27 | -89 | 16 | -351 | -2,493 | 90 | -2,646 | 139 | |
| -295 | -60 | -115 | -6 | 2,539 | -352 | 2,558 | -382 | |
| Net Cash Flow | 33 | -21 | 33 | -36 | 216 | -100 | 162 | -170 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 228 | 149 | 192 | 114 | 69 | 51 | 66 | 56 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 228 | 149 | 192 | 114 | 69 | 51 | 66 | 56 |
| Working Capital Days | 426 | 733 | 77 | -66 | 10 | 142 | 106 | -193 |
| ROCE % | 9% | 15% | 12% | 10% | 11% | 10% | 9% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Investor Presentation 1 Nov
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
23 Oct - Transcript of Q2 FY26 earnings call (held 16 Oct 2025) posted; link provided.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Oct
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 Oct - Posted audio transcript link of Q2 FY26 results conference call dated 16 Oct 2025.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
16 Oct - CARE monitoring report (30 Sep 2025): Rs2,800 crore IPO proceeds; Rs777.21 crore unutilised, no deviations.
Concalls
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Nov 2025Transcript PPT REC
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Nov 2023Transcript PPT REC
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Nov 2023TranscriptNotesPPT
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Jan 2018TranscriptNotesPPTREC
Leading Port Operator[1] JSW Infrastructure, a part of JSW Group, is the second largest commercial port operator in India in terms of cargo handling capacity. Co. also operates two port terminals under O&M agreements for cargo handling capability of 41 MTPA in the UAE.[2]