JSW Infrastructure Ltd

JSW Infrastructure Ltd

₹ 255 -2.72%
26 Feb - close price
About

Incorporated in 2006, JSW Infrastructure Limited provides maritime-related services including, cargo handling, storage solutions, and logistics services.[1]

Key Points

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]

  • Market Cap 53,613 Cr.
  • Current Price 255
  • High / Low 276 / 142
  • Stock P/E 72.3
  • Book Value 34.8
  • Dividend Yield 0.00 %
  • ROCE 16.7 %
  • ROE 20.4 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 23.1% CAGR over last 5 years
  • Debtor days have improved from 78.7 to 46.0 days.
  • Company's working capital requirements have reduced from 73.9 days to 34.6 days

Cons

  • Stock is trading at 7.34 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
832 662 798 878 848 940
386 321 421 427 396 460
Operating Profit 445 341 376 451 452 480
OPM % 54% 52% 47% 51% 53% 51%
30 35 44 40 47 78
Interest 231 109 211 -16 71 143
Depreciation 98 99 102 95 101 108
Profit before tax 146 167 108 412 328 307
Tax % 1% 17% -8% 22% 22% 17%
145 138 116 322 256 254
EPS in Rs 23.31 22.18 3.70 1.72 1.21 1.19
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
888 998 1,080 1,143 1,604 2,273 3,195
377 410 550 524 787 1,164 1,572
Operating Profit 511 588 530 619 816 1,109 1,623
OPM % 58% 59% 49% 54% 51% 49% 51%
57 77 101 94 75 106 176
Interest 90 130 177 277 228 420 596
Depreciation 82 157 171 202 271 370 391
Profit before tax 396 377 284 234 393 426 811
Tax % 22% 26% 4% 16% 28% 22% 8%
310 281 272 197 285 330 750
EPS in Rs 54.60 44.09 43.93 31.37 48.00 54.02 3.97
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 26%
3 Years: 41%
TTM: 41%
Compounded Profit Growth
10 Years: %
5 Years: 23%
3 Years: 60%
TTM: 127%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 14%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 56 60 60 60 60 60 360 407
Reserves 1,798 2,553 2,827 2,488 2,831 3,212 3,635 6,894
1,599 1,732 2,051 3,109 3,946 4,740 4,568 4,580
628 840 762 1,089 1,286 1,165 750 714
Total Liabilities 4,082 5,185 5,701 6,747 8,123 9,177 9,312 12,594
2,730 3,186 3,256 3,948 4,924 6,134 5,975 5,835
CWIP 380 633 862 752 1,125 80 46 46
Investments 95 28 230 376 296 283 307 548
877 1,338 1,352 1,671 1,779 2,681 2,985 6,166
Total Assets 4,082 5,185 5,701 6,747 8,123 9,177 9,312 12,594

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
616 600 328 259 1,011 1,176 1,797
-1,052 -1,098 -495 -393 -1,637 -801 -621
387 540 140 241 620 3 -1,087
Net Cash Flow -49 41 -27 107 -6 377 90

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 82 108 104 160 94 97 46
Inventory Days
Days Payable
Cash Conversion Cycle 82 108 104 160 94 97 46
Working Capital Days 55 88 181 198 72 115 35
ROCE % 12% 9% 9% 10% 11% 17%

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2023Dec 2023
85.61% 85.61%
3.64% 2.43%
4.13% 4.08%
3.43% 5.20%
3.18% 2.69%
No. of Shareholders 2,06,9203,00,229

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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