JSW Infrastructure
- Market cap
- ₹ 73,535 Cr.
- P/E
- 47.5x
- P/B
- 6.16x
- 52-week range
- 233.42 – 375.5
- ROE
- 15%
- ROCE
- 14%
- Dividend yield
- 0.3%
- Debt / equity
- 0.63
- Sector
- Transport Infrastructure
- Industry
- Port & Port services
- Listed on
- NSE, BSE
About
JSW Infrastructure Limited is an India-based port-related infrastructure company. The Company is primarily engaged in the business of developing, operating and maintaining the ports services, ports-related infrastructure development activities and development of infrastructure. Its segments include Port Operation and Logistic Operation. The Port Operation segment includes developing, operating and maintaining ports and terminals, related infrastructure and value-added services. Its Logistic Operation segment mainly includes logistics business. It handles a diverse range of cargo types, from dry bulk and break bulk to liquid bulk, gases, and containers. It offers comprehensive maritime services that encompass cargo handling, storage solutions, logistics services, and value-added offerings, positioning it as an evolving end-to-end logistics solutions provider. The Company's subsidiaries include JSW Jaigarh Port Limited, Southwest Port Limited, JSW Shipyard Private Limited, and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Port & Port services: 6 companies →JSW Infrastructure against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)47.5 against a typical 23.5: pricier than most peers (1st = cheapest).6th of 6
- Sales growth+18.1% against a typical +16.3% from a year earlier.3rd of 6
- Profit growth−8.2% against a typical +7% from a year earlier.4th of 5
- Share price, 3 months−0.5% against a typical +0.9%.4th of 6
- Size₹ 73,534.9 Cr. market value against a typical ₹ 4,066.7 Cr. (1st = largest).2nd of 6
Latest announcements
Exchange filings and their impact on the company.
- Strong 17% revenue growth and logistics turnaround offset by FX-led profit dip and QIP dilution.
JSW Infrastructure reported Q2 revenue of Rs 1,480.9 crore, up 17% from last year, and half-year revenue of Rs 2,925.8 crore. Net profit fell to Rs 328.2 crore in Q2 and Rs 685.8 crore in H1 due to a Rs 148.6 crore foreign exchange loss and higher depreciation. The balance sheet grew sharply after a Rs 6,555 crore QIP in June, with net worth at Rs 18,005 crore funding port capex and new rail logistics acquisitions.
- Subsidiary Navkar wins Rs 48 cr Gati Shakti cargo terminal contract with 35-year operation rights.
JSW Infrastructure's listed subsidiary Navkar Corporation has received a Letter of Acceptance from Southern Railway, Salem for construction and operation of a Gati Shakti Multi-Modal Cargo Terminal at Kulipalaiyam station. The broad order size is about Rs 48 crore, to be built within 18 months with railway land licensed for 35 years. The size is very small versus JSW Infrastructure's scale, so near-term financial impact is minimal but it adds a long-term terminal asset.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | — | Stable | 1 Oct 2026 |
| ICRA | [ICRA]AA+ | Stable | 28 Jan 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 1 Oct 2026 | New rating | — | — | CARE | ₹ 10 Cr. | |
| 22 Sep 2026 | Reaffirmed | CARE AA+ / CARE A1+ | — | CARE | ₹ 500 Cr. | |
| 28 Jan 2026 | Reaffirmed | [ICRA]AA+ | — | ICRA | ₹ 2,800 Cr. | |
| 25 Nov 2025 | Withdrawn | was CARE AA+ / CARE A1+ | — | CARE | ₹ 300 Cr. | |
| 16 Sep 2025 | New rating | [ICRA]AA+ | — | ICRA | ₹ 2,650 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 27 Oct 2026 | Financial Results | To consider and approve the unaudited financial results for the quarter and half year ended September 30, 2026 |
| 21 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 8 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 20 Feb 2026 | Fund Raising | To consider Fund Raising |
| 16 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 16 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 848 | 940 | 1,096 | 1,010 | 1,001 | 1,182 | 1,283 | 1,224 | 1,266 | 1,350 | 1,522 | 1,445 |
| Expenses | 396 | 460 | 515 | 495 | 481 | 596 | 642 | 643 | 656 | 706 | 753 | 771 |
| Operating Profit | 452 | 480 | 581 | 515 | 521 | 586 | 641 | 581 | 610 | 644 | 769 | 674 |
| OPM % | 53% | 51% | 53% | 51% | 52% | 50% | 50% | 47% | 48% | 48% | 51% | 47% |
| Other Income | 47 | 78 | 104 | 94 | 87 | 83 | 89 | 90 | 107 | 52 | 17 | 57 |
| Interest | 71 | 143 | 134 | 82 | −80 | 256 | 8 | 55 | 105 | 93 | 130 | 102 |
| Depreciation | 101 | 108 | 134 | 135 | 134 | 138 | 140 | 143 | 149 | 164 | 158 | 166 |
| Profit before tax | 328 | 307 | 417 | 392 | 554 | 276 | 581 | 473 | 463 | 439 | 498 | 463 |
| Tax % | 22% | 17% | 21% | 24% | 33% | −22% | 11% | 18% | 20% | 17% | 15% | 23% |
| Net Profit | 256 | 254 | 329 | 297 | 374 | 336 | 516 | 390 | 369 | 365 | 424 | 358 |
| EPS in Rs | 1.21 | 1.19 | 1.57 | 1.39 | 1.77 | 1.57 | 2.43 | 1.83 | 1.72 | 1.71 | 1.99 | 1.49 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 27%
- 3 Years
- 19%
- TTM
- 19%
- 10 Years
- —
- 5 Years
- 40%
- 3 Years
- 29%
- TTM
- −3%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- 15%
- 5 Years
- 16%
- 3 Years
- 16%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| JSW Infrastructure | ₹ 315.05 | ₹ 73,535 Cr. | 47.5x | 6.2x | 15% | — |
| Adani Ports and Special Economic Zone | ₹ 1,703.00 | ₹ 3,92,364 Cr. | 31.1x | 4.4x | 16.2% | 33% |
| GMR Airports | ₹ 87.00 | ₹ 91,863 Cr. | 567.5x | — | — | 3.2% |
| Aegis Vopak Terminals | ₹ 242.00 | ₹ 26,813 Cr. | 95.1x | 7x | 11% | 37% |
| Shreeji Shipping Global | ₹ 775.25 | ₹ 12,518 Cr. | 61.2x | 12.6x | 29.9% | 21.5% |
| Gujarat Pipavav Port | ₹ 156.00 | ₹ 7,526 Cr. | 14.6x | 3.1x | 21.8% | 44.4% |
Management
- Rinkesh Roy
- Chief Executive Officer, Joint Managing Director, Executive Director
- J. Nagarajan
- Chief Financial Officer
- Hitesh Pravin Kanani
- Compliance Officer, Company Secretary
- Devki Nandan Sharma
- Additional Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.