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Stock Analysis

Corporate Announcements

1st Apr 26

Impact Rating: 6

JSW Infrastructure Ltd. will participate in one-on-one investor meetings. The company is scheduled to visit Tokyo, Japan, on April 7th and 8th, 2026, followed by meetings in Kuala Lumpur, Malaysia, on April 9th, 2026.

28th Mar 26

Impact Rating: 3

JSW Infrastructure informed exchanges that Mr. Amitabh Kumar Sharma completed his second consecutive term as Independent Director, stepping down on March 27, 2026. The company affirmed board compliance.

27th Mar 26

Impact Rating: 5

As per SEBI regulations, JSW Infrastructure will close its trading window from April 1, 2026. This closure remains active until 48 hours post-announcement of its audited financial results for the quarter and year ending March 31, 2026.

23rd Mar 26

Impact Rating: 8

In a significant move, JSW Infrastructure's shareholders have overwhelmingly approved two special resolutions. These resolutions greenlight the appointment of Mr. Kartick Maheshwari as a Non-Executive, Independent Director and permit the company to issue equity shares for fundraising purposes.

23rd Mar 26

Impact Rating: 6

JSW Infrastructure shareholders have approved the appointment of Mr. Kartick Maheshwari as a Non-Executive, Independent Director and authorized the issuance of equity shares for raising funds through a postal ballot.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	Adani Ports	1467.50	28.08	338106.04	0.48	3120.20	25.07	9167.46	29.72	13.80	34745.59	59.41	12001.54	3109.05	4.67	8.59	0.85
2.	JSW Infrast	276.10	156.80	57981.04	0.29	119.02	2.44	143.03	12.74	9.32	535.52	36.67	369.83	119.02	11.25	3.93	0.71
3.	Guj Pipavav Port	192.65	21.65	9313.47	4.29	158.31	37.83	299.35	31.85	24.89	1064.46	58.38	429.87	126.11	4.25	14.85	0.02
4.	Allcargo Termi	27.76	23.65	750.80	0.00	11.30	-3.44	207.16	6.29	11.59	767.68	18.36	31.76	11.30	2.63	3.75	2.09
5.	VMS Industries	28.84	11.07	70.61	1.75	0.47	-34.72	42.58	-56.31	12.14	167.88	3.43	6.38	0.47	0.73	4.21	0.25
6.	Starlog Enterp.	36.00	–	53.88	0.00	-3.45	-275.96	2.03	-39.58	-2.00	12.91	-18.28	-5.96	-2.70	0.75	-2.01	0.01
–	Median: 4 Co.	234.38	25.86	33647.25	0.39	138.66	13.76	253.25	21.23	12.7	916.07	47.53	399.85	122.56	4.46	6.26	0.78

Quarterly Results

Standalone figures in ₹ crores

	Dec 2022	Dec 2023	Dec 2024	Jun 2023	Jun 2024	Jun 2025	Mar 2023	Mar 2024	Mar 2025	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales	134	142	124	126	141	140	146	146	128	110	120	127	143
Expenses	76	85	76	78	82	82	91	93	91	65	75	89	91
Operating Profit	58	57	49	48	58	58	55	54	37	45	45	38	52
Other Income	78	128	154	78	140	95	73	132	133	75	79	238	260
Profit before tax	33	129	55	84	141	84	104	121	93	-39	33	207	107
Tax %	-3%	27%	-68%	21%	31%	14%	0%	14%	9%	-36%	31%	44%	-11%
Net Profit	34	94	93	66	97	73	104	105	85	-25	23	116	119
EPS in Rs	1.09	0.45	0.44	0.35	0.46	0.35	0.56	0.50	0.40	-4.08	0.11	0.55	0.57

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	230	271	285	320	473	532	534	520	536
Expenses	134	208	128	164	270	312	330	338	339
Operating Profit	95	63	156	156	203	220	204	182	196
Other Income	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
Net Profit	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%	–

Balance Sheet

Standalone figures in ₹ crores

	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
Borrowings	54	0	501	532	3,157	3,260	3,311	3,405	3,667
Other Liabilities	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
Fixed Assets	175	92	102	101	98	101	102	162	208
Gross Block	180.64	99.00	110.65	110.79	108.26	111.68	113.63	175.06	–
Accumulated Depreciation	5.92	7.48	8.44	10.21	10.39	10.25	11.91	12.68	–
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
Other Assets	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 ₹ Crores / Yearly

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	354	129	132	321	170	162	250	74
Cash from Investing Activity	-27	-89	16	-351	-2,493	90	-2,646	139
Cash from Financing Activity	-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 ₹ Crores / Yearly

	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%

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	85.61%	85.61%	85.61%	85.61%	85.61%	85.61%	85.61%	83.61%	83.61%
FIIs	3.64%	2.43%	2.34%	4.15%	4.20%	4.07%	4.75%	6.64%	7.30%
DIIs	4.13%	4.08%	3.59%	2.74%	2.50%	2.73%	2.69%	2.82%	2.54%
Public	3.43%	5.20%	6.14%	5.79%	6.32%	6.30%	5.67%	5.98%	5.63%