JSW Infrastructure Ltd
NSE: JSWINFRA BSE: 543994Infra
JSW Infrastructure Limited provides maritime-related services including, cargo handling, storage solutions, and logistics services.[1]
₹269
52W: ₹233 — ₹349
PE 332 · Book ₹24.6 · +993% vs bookMarket Cap₹56,469 Cr
Stock P/E332Price to Earnings
ROCE8.79%Return on Capital
ROE3.3%Return on Equity
Div. Yield0.3%Face Value ₹2
Strengths
- +Company has been maintaining a healthy dividend payout of 64.6%
Weaknesses
- −Stock is trading at 10.8 times its book value
- −Company has low interest coverage ratio.
- −Tax rate seems low
- −Company has a low return on equity of 5.99% over last 3 years.
- −Earnings include an other income of Rs.586 Cr.
Shareholding Pattern
Promoters83.61%
FIIs6.92%
DIIs2.43%
Public6.33%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 85.61% | 85.61% | 85.61% | 85.61% | 83.61%▼2.0 | 83.61% | 83.61% | 83.61% |
| FIIs | 4.15% | 4.2%▲0.0 | 4.07%▼0.1 | 4.75%▲0.7 | 6.64%▲1.9 | 7.3%▲0.7 | 7.13%▼0.2 | 6.92%▼0.2 |
| DIIs | 2.74% | 2.5%▼0.2 | 2.73%▲0.2 | 2.69%▼0.0 | 2.82%▲0.1 | 2.54%▼0.3 | 2.17%▼0.4 | 2.43%▲0.3 |
| Public | 5.79% | 6.32%▲0.5 | 6.3%▼0.0 | 5.67%▼0.6 | 5.98%▲0.3 | 5.63%▼0.4 | 6.33%▲0.7 | 6.33% |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 142 | 146 | 141 | 127 | 124 | 128 | 140 | 143 | 164 | 154 |
| Expenses | 85 | 93 | 82 | 89 | 76 | 91 | 82 | 91 | 104 | 103 |
| Operating Profit | 57 | 54 | 58 | 38 | 49 | 37 | 58 | 52 | 59 | 51 |
| OPM % | 40% | 37% | 41% | 30% | 39% | 29% | 41% | 36% | 36% | 33% |
| Net Profit | 94 | 105 | 97 | 116 | 93 | 85 | 73 | 119 | 32 | -57 |
| EPS ₹ | 0.45 | 0.5 | 0.46 | 0.55 | 0.44 | 0.4 | 0.35 | 0.57 | 0.15 | -0.27 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹601Cr, up 15.6% YoY. OPM at 37%.
Debt Position
Borrowings at ₹4,560Cr. Debt-to-equity ratio: 0.96x. Moderate leverage.
Capex Cycle
CWIP at ₹2,120Cr (972% of fixed assets). Significant capex underway — growth runway building.
Institutional Flow
DIIs: 2.43% (-1.70pp change). FIIs: 6.92% (+3.28pp change). Promoters hold 83.61%.
Margin & Efficiency
ROCE improving from 0% (Mar 2018) to 9% (Mar 2026). Working capital days: -130.
Valuation
PE 332x with 8.79% ROCE. Price is 993% above book value of ₹24.6. Dividend yield: 0.3%.
Recent Announcements
- Compliances-Reg.24(A)-Annual Secretarial Compliance 2d - Filed Annual Secretarial Compliance Report for FY ended 31 March 2026.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 12 May - Transcript of Q4 FY26 earnings call held on 8 May 2026 uploaded on website.
- Announcement under Regulation 30 (LODR)-Investor Presentation 11 May
- Announcement under Regulation 30 (LODR)-Newspaper Publication 9 May
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 8 May - Audio recording of FY26 earnings conference call for quarter and year ended 31 March 2026 available online.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Rating update 28 Jan from icra