Jsw Infrastructure Limited (JSWINFRA)

Loading page…

Jsw Infrastructure Limited (JSWINFRA) · mywealthgrid

About

JSW Infrastructure operates port and port services in India's transport infrastructure sector. Consolidated quarterly revenue averages ₹1.3–1.5 Cr with sustained profitability; the company has paid dividends in three consecutive years (2024–26), positioning it as a yield-generating infrastructure player.

Face value: ₹2

Market cap

₹83,286 Cr

P/E

56.1×

P/B

6.9×

Dividend yield

0.5%

ROE

14.8%

ROCE

13.8%

Debt / equity

0.59

OPM

48.6%

EPS (TTM)

₹7.1

Book value

₹52.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE ratio of 53.2 is elevated; verify that earnings growth justifies valuation over 2–3 years.
Operating margins swing from 33% to 50% across quarters, and standalone business reported ₹56.6 Cr loss (Mar 2026) while consolidated earned ₹423.7 Cr; clarify whether this reflects one-time items or structural issues.
Promoter shareholding fell from 83.6% (Mar 2026) to 73.9% (Jun 2026); verify if planned dilution, block sale, or corporate action.
D/E 0.59 is moderate, but port operations are capital-intensive; verify capex plans and debt service capacity against free cash flow.

Generated analysis · source review pending

Growth drivers

Consolidated revenue grew 20% in 6 months (₹1,265.6 Cr to ₹1,522.3 Cr Sep–Mar); verify organic or M&A-driven.
OPM at 48.56% is notably high; verify if driven by pricing power, operational scale, or contract mix, and sustainability.
Paid dividends three consecutive years (2024–26); verify payout ratio and sustainability trend.
ROE 14.81% exceeds typical infrastructure; benchmark against cost of capital to assess reinvestment value.

Generated analysis · source review pending

736 historical price candles were omitted because the exchange source has not been verified.

₹357.5+2.1%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 48.6%
+Profit CAGR of 27.2% over the last 3 years
+Revenue CAGR of 18.8% over the last 3 years
+Dividend payout of 26.7% of profit
+High promoter holding of 73.9% with no pledge

Cons

−Promoter holding fell 9.7 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

44/100

Business quality: 55
Growth: 61
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 150 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Adani Ports And Special Economic Zone LimitedADANIPORTSADANIPORTS	₹4,00,389 Cr	₹4,55,492 Cr	₹40,430 Cr	₹23,897 Cr	59%	₹11,022 Cr	33%	13.7%	1.2%	13
Jsw Infrastructure LimitedJSWINFRAJSWINFRA	₹83,286 Cr	₹89,696 Cr	₹5,582 Cr	₹2,696 Cr	48.6%	₹1,485 Cr	28.9%	13.8%	14.8%	42
Gujarat Pipavav Port LimitedGPPLGPPL	₹8,019 Cr	₹8,019 Cr	₹1,241 Cr	₹775 Cr	61.1%	₹559 Cr	44.5%	25.3%	21.8%	-23
Allcargo Terminals LimitedATLATL	₹689 Cr	₹689 Cr	₹848 Cr	₹174 Cr	19.7%	₹41 Cr	5.4%	11.3%	14.2%	-29
Starlog Enterprises LtdSTARLOGSTARLOG	₹57 Cr	—	₹10 Cr	₹-11 Cr	-110.8%	₹-13 Cr	-136.2%	-10.2%	-20.8%	—
VMS Industries LtdVMSVMS	₹45 Cr	₹74 Cr	₹153 Cr	₹0 Cr	-0.2%	₹1 Cr	1.9%	6.1%	3%	101

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,195	3,763	4,476	5,361
	1,575	1,798	2,214	2,758
	1,620	1,965	2,262	2,604
OPM %	50.7%	52.2%	50.5%	48.6%
Depreciation	391	436	547	614
Interest	596	332	266	383
	178	269	353	266
Profit before tax	811	1,465	1,803	1,873
Tax	61	304	281	326
Tax %	7.6%	20.8%	15.6%	17.4%
	750	1,161	1,521	1,547
PAT margin %	23.5%	30.9%	34%	28.9%
EPS (₹)	4.1	6	7.3	7.3
EPS adjusted (₹)	4.1	5.6	7.3	7.3
	0%	9.2%	11%	12.3%
Annual report	—	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	60	360	410	415	417
Reserves	—	3,635	7,616	9,282	10,460
Minority interest	—	94	205	792	815
	—	4,244	4,381	4,659	6,410
	—	1,118	1,216	1,781	2,256
Total equity & liabilities	—	9,451	13,828	16,928	20,358
	6,134	5,975	7,757	9,393	10,431
CWIP	—	45	109	1,859	3,147
Investments	—	307	244	313	122
	—	3,124	5,717	5,364	6,659
Total assets	—	9,451	13,828	16,928	20,358

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,797	1,803	2,100	2,022
	-883	-4,202	-1,691	-2,062
	-825	2,504	-521	227
Net cash flow	90	105	-112	187
Free cash flow	1,518	1,555	25	-470
CFO / Operating profit %	110.9%	91.8%	92.9%	77.6%

Compounded sales growth

7 years: —
5 years: —
3 years: 19%
1 year: 20%

Compounded profit growth

7 years: —
5 years: —
3 years: 27%
1 year: 2%

Return on equity

7 years: —
5 years: —
3 years: 14%
Last year: 13%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Port Operation	4,646.91	1,978.35	15,703.62	7,779.38	7,924.24	24.97
Logistic Operation	714.53	82.55

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—
EBITDA margin %	50.7%	52.2%	50.5%	48.6%
EBIT margin %	38.5%	40.6%	38.3%	37.1%
PAT margin %	23.5%	30.9%	34%	28.9%
Working capital
Receivable days	46	66	66	72
Inventory days	24	23	22	20
Payable days	70	72	58	50
NWC days	-0	16	30	42
Leverage
Current ratio	3.91	7.4	3.02	2.26
Debt to EBITDA	2.62	2.23	2.06	2.46
Debt to equity	1.06	0.55	0.48	0.59
Interest coverage	2.4	5.4	7.8	6.1
Asset turnover	0.34	0.27	0.26	0.26
Return ratios
Return on assets %	7.9%	8.4%	9%	7.6%
Return on capital employed %	16.1%	16.5%	14.4%	13.8%
Return on equity %	18.8%	14.5%	15.7%	14.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	85.61%	85.61%	85.61%	85.61%	85.61%	85.62%	85.62%	83.62%	83.62%	83.62%	83.62%	73.93%
	3.64%	2.43%	2.34%	4.16%	4.21%	4.07%	4.76%	6.64%	7.31%	7.13%	6.92%	11.21%
	4.14%	4.07%	3.58%	2.74%	2.51%	2.73%	2.7%	2.81%	2.55%	2.17%	2.43%	9.19%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	3.42%	5.2%	6.16%	5.79%	6.31%	6.29%	5.66%	5.98%	5.64%	6.34%	6.33%	5.39%
No. of shareholders	—	—	—	—	—	—	—	—	4,36,239	4,60,059	4,60,256	4,30,425

Promoter holding down 11.68 percentage points since Sep 2023.

4 deals · 25 Jan 2024 – 16 May 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
16 May 2025	SAJJAN JINDAL FAMILY TRUST	Bulk	NSE	Sell	4,20,00,000	₹288.21	₹1,210.48 Cr
16 May 2025	GOVERNMENT OF SINGAPORE	Bulk	NSE	Buy	1,84,47,386	₹288.10	₹531.47 Cr
25 Jan 2024	SOCIETE GENERALE	Block	BSE	Buy	7,26,788	₹207.70	₹15.10 Cr
25 Jan 2024	BNP PARIBAS ARBITRAGE	Block	BSE	Sell	7,26,788	₹207.70	₹15.10 Cr

1–4 of 4

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. SAJJAN JINDALNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. RINKESH ROYExecutive Director
Mr. LALIT CHANDANMAL SINGHVINon-Executive - Non Independent Director
Mr. ARUN SITARAM MAHESHWARINon-Executive - Non Independent Director
Mr. ANOOP KUMAR MITTALNon-Executive - Independent Director
Ms. ANITA BELANINon-Executive - Independent Director
Ms. NEETA MUKERJINon-Executive - Independent Director
Mr. RAJIVE KUMARNon-Executive - Independent Director
Mr. DEVKI NANDAN SHARMAExecutive Director
Mr. KARTICK MAHESHWARINon-Executive - Independent Director
Mr. J NagarajanChief Financial Officer

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 13 fund houses

Held by these funds

3.89%

of the company's equity

All mutual funds

8.71%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

57 schemes · 13 fund houses

		Shares
Contra Fund	SBI Mutual Fund	2 Cr	680	1.43%	0.858%	-0
Flexicap Fund	SBI Mutual Fund	1.74 Cr	591.8	2.55%	0.747%	-34.51 L
Focused FundNEW	ICICI Prudential Mutual Fund	88.41 L	300.6	1.67%	0.379%	—
Midcap Fund	SBI Mutual Fund	87 L	295.8	1.21%	0.373%	-0
ELSS- Tax Saver Fund	Axis Mutual Fund	67.67 L	230.07	0.7%	0.29%	+11.41 L
POWER & INFRA FUND	Nippon India Mutual Fund	30.28 L	102.95	1.27%	0.13%	-3 L
MID CAP FUND	Tata Mutual Fund	28 L	95.2	1.53%	0.12%	-0
Franklin India Large Cap Fund (Formerly known as Franklin India Bluechip Fund)^	Franklin Templeton Mutual Fund	22.81 L	77.56	1.04%	0.098%	-0

1–8 of 57

1 / 8

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Jul 2026Transcript AI Summary PPTREC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

3

Final dividend18 Jun 2026 · ex-date₹0.9
Final dividend1 Jul 2025 · ex-date₹0.8
Final dividend19 Jul 2024 · ex-date₹0.55

1

Board meeting to consider results21 Jul 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

70 announcementsExport CSV

28 Sept 2026, 6:12 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

11 Sept 2026, 6:04 pmCompany Update

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Award of Order / Receipt of Order PDF

10 Sept 2026, 7:03 pmCompany Update

Announcement under Regulation 30 (LODR)-Acquisition

Acquisition PDF

9 Sept 2026, 4:35 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

31 Aug 2026, 6:31 pmCompany Update

Change In The Role Of Non-Executive Director

General PDF

27 Aug 2026, 5:51 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

22 Aug 2026, 8:45 pmCompany Update

Announcement under Regulation 30 (LODR)-Updates on Acquisition

Acquisition PDF

21 Aug 2026, 12:32 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

Date	Category	Subject	Filing
28 Sept 2026, 6:12 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
11 Sept 2026, 6:04 pm	Company Update Award of Order / Receipt of Order	Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Loading announcements…

Jsw Infrastructure Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends3

Board meetings1

Announcements

Ratio timeline

Dividends3

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Logistic Operation · revenue

3

1

3

1