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Last Updated: April 2, 2026, 4:54 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543994 | NSE: JSWINFRA

JSW Infrastructure Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹202.83Overvalued by 18.21%vs CMP ₹248.00

P/E (32.1) × ROE (16.2%) × BV (₹48.60) × DY (0.32%)

₹79.46Overvalued by 67.96%vs CMP ₹248.00
MoS: -212.1% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹137.3423%Over (-44.6%)
Graham NumberEarnings₹91.7016%Over (-63%)
Earnings PowerEarnings₹20.4311%Over (-91.8%)
DCFCash Flow₹51.6714%Over (-79.2%)
Net Asset ValueAssets₹48.607%Over (-80.4%)
EV/EBITDAEnterprise₹108.489%Over (-56.3%)
Earnings YieldEarnings₹76.907%Over (-69%)
ROCE CapitalReturns₹52.487%Over (-78.8%)
Revenue MultipleRevenue₹21.325%Over (-91.4%)
Consensus (9 models)₹79.46100%Overvalued
Key Drivers: EPS CAGR -32.3% drags value — could be higher if earnings stabilize. | Wide model spread (₹20–₹137) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -32.3%

*Investments are subject to market risks

Investment Snapshot

62
JSW Infrastructure Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 13.9% GoodROE 16.2% GoodD/E 1.36 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 2.38% (6mo) AccumulatingDII holding down 0.52% MF sellingPromoter holding at 83.6% Stable
Earnings Quality60/100 · Moderate
OPM stable around 52% SteadyWorking capital: 10 days (improving) Efficient
Quarterly Momentum68/100 · Strong
Revenue (4Q): +19% YoY GrowingProfit (4Q): +23% YoY Positive
Industry Rank60/100 · Moderate
P/E 32.1 vs industry 24.5 In-lineROCE 13.9% vs industry 17.5% Average3Y sales CAGR: 25% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:54 am

Market Cap 52,070 Cr.
Current Price 248
Intrinsic Value₹79.46
High / Low 349/239
Stock P/E32.1
Book Value 48.6
Dividend Yield0.32 %
ROCE13.9 %
ROE16.2 %
Face Value 2.00
PEG Ratio-0.99

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for JSW Infrastructure Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
JSW Infrastructure Ltd 52,070 Cr. 248 349/23932.1 48.60.32 %13.9 %16.2 % 2.00
Gujarat Pipavav Port Ltd 7,092 Cr. 147 200/12116.1 45.05.59 %24.9 %19.0 % 10.0
Adani Ports & Special Economic Zone Ltd 3,19,190 Cr. 1,385 1,584/1,04125.3 2910.51 %13.8 %18.8 % 2.00
Industry Average126,117.33 Cr593.3324.50128.202.14%17.53%18.00%4.67

All Competitor Stocks of JSW Infrastructure Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 7989158788489401,0961,0101,0011,1821,2831,2241,2661,350
Expenses 421444427396460515495481596642643656706
Operating Profit 376472451452480581515521586641581610644
OPM % 47%52%51%53%51%53%51%52%50%50%47%48%48%
Other Income 4458404778104948783899010752
Interest 211136-167114313482-8025685510593
Depreciation 1029895101108134135134138140143149164
Profit before tax 108295412328307417392554276581473463439
Tax % -8%-2%22%22%17%21%24%33%-22%11%18%20%17%
Net Profit 116302322256254329297374336516390369365
EPS in Rs 3.701.611.721.211.191.571.391.771.572.431.831.721.71

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 8889981,0801,1431,6042,2733,1953,7634,4765,122
Expenses 3774105505247871,1641,5721,7952,2142,647
Operating Profit 5115885306198161,1091,6231,9682,2622,475
OPM % 58%59%49%54%51%49%51%52%51%48%
Other Income 57771019475106176266353338
Interest 90130177277228420596332266260
Depreciation 82157171202271370391436547596
Profit before tax 3963772842343934268111,4651,8031,956
Tax % 22%26%4%16%28%22%8%21%16%
Net Profit 3102812721972853307501,1611,5211,639
EPS in Rs 54.6044.0943.9331.3748.0054.023.975.507.167.69
Dividend Payout % 0%0%0%0%0%0%0%10%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-9.35%-3.20%-27.57%44.67%15.79%127.27%54.80%31.01%
Change in YoY Net Profit Growth (%)0.00%6.15%-24.37%72.24%-28.88%111.48%-72.47%-23.79%

JSW Infrastructure Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: Unknown

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 566060606060360410415416
Reserves 1,7982,5532,8272,4882,8313,2123,6357,6169,2829,788
Borrowings 1,5991,7322,0513,1093,9464,7404,5684,7585,0425,314
Other Liabilities 6288407621,0891,2861,1657509092,0682,184
Total Liabilities 4,0825,1855,7016,7478,1239,1779,31213,69416,80717,702
Fixed Assets 2,7303,1863,2563,9484,9246,1345,9757,7579,5239,612
CWIP 3806338627521,12580461322,0202,173
Investments 9528230376296283307244183249
Other Assets 8771,3381,3521,6711,7792,6812,9855,5605,0815,668
Total Assets 4,0825,1855,7016,7478,1239,1779,31213,69416,80717,702

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 6166003282599901,1761,7971,8032,100
Cash from Investing Activity + -1,052-1,098-495-378-1,637-801-883-4,202-1,691
Cash from Financing Activity + 3875401402266413-8252,504-521
Net Cash Flow -4941-27107-637790105-112
Free Cash Flow -424-338-24-400-6026691,5281,55526
CFO/OP 137%119%67%48%129%117%122%104%105%

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow510.00587.00528.00616.00813.00-3.00-3.00-3.00-3.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 821081041609497466666
Inventory Days
Days Payable
Cash Conversion Cycle 821081041609497466666
Working Capital Days -169-271811645263163410
ROCE %12%9%9%10%11%17%16%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 85.61%85.61%85.61%85.61%85.61%85.61%85.61%83.61%83.61%83.61%
FIIs 3.64%2.43%2.34%4.15%4.20%4.07%4.75%6.64%7.30%7.13%
DIIs 4.13%4.08%3.59%2.74%2.50%2.73%2.69%2.82%2.54%2.17%
Public 3.43%5.20%6.14%5.79%6.32%6.30%5.67%5.98%5.63%6.33%
Others 3.18%2.69%2.31%1.70%1.36%1.29%1.26%0.96%0.89%0.75%
No. of Shareholders 2,06,9203,00,2293,74,7213,90,0054,25,5494,38,5704,38,0444,39,8414,36,2394,60,059

Shareholding Pattern Chart

No. of Shareholders

JSW Infrastructure Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Mid Cap Fund 6,610,919 2.29 168.45N/AN/AN/A
Quant Flexi Cap Fund 3,992,791 1.6 101.74N/AN/AN/A
PGIM India Midcap Fund 3,773,538 0.88 96.15N/AN/AN/A
Quant Multi Cap Fund 2,971,072 1.04 75.7N/AN/AN/A
Tata Mid Cap Fund 2,800,000 1.3 71.34N/AN/AN/A
UTI Value Fund 2,800,000 0.73 71.342,700,0002026-02-23 00:15:453.7%
HDFC Multi Cap Fund 2,700,696 0.35 68.813,581,0812026-03-16 01:25:00-24.58%
Mahindra Manulife Mid Cap Fund 2,359,604 1.35 60.121,259,6042026-02-23 00:15:4587.33%
Nippon India Power & Infra Fund 1,700,000 0.61 43.32N/AN/AN/A
Quant Large & Mid Cap Fund 1,523,590 1.26 38.82N/AN/AN/A

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.0010.0010.00
Basic EPS (Rs.) 7.276.014.121.821.62
Diluted EPS (Rs.) 7.195.884.011.811.62
Cash EPS (Rs.) 9.977.796.34116.8092.66
Book Value[Excl.RevalReserv]/Share (Rs.) 46.7740.1222.74579.33515.35
Book Value[Incl.RevalReserv]/Share (Rs.) 46.7740.1222.74579.33515.35
Revenue From Operations / Share (Rs.) 21.5918.3417.77379.29267.58
PBDIT / Share (Rs.) 12.6110.8910.00202.76148.70
PBIT / Share (Rs.) 9.988.767.83141.10103.54
PBT / Share (Rs.) 8.697.144.5171.0865.51
Net Profit / Share (Rs.) 7.345.664.1755.1447.49
NP After MI And SOA / Share (Rs.) 7.255.634.1254.7248.62
PBDIT Margin (%) 58.4259.3656.2853.4555.57
PBIT Margin (%) 46.2147.7644.0437.2038.69
PBT Margin (%) 40.2738.9325.3818.7424.48
Net Profit Margin (%) 33.9930.8423.4614.5317.74
NP After MI And SOA Margin (%) 33.5730.7123.1514.4218.17
Return on Networth / Equity (%) 15.5014.4018.5210.0210.07
Return on Capital Employeed (%) 13.2913.7216.109.928.52
Return On Assets (%) 8.878.357.823.473.52
Long Term Debt / Equity (X) 0.450.531.031.251.17
Total Debt / Equity (X) 0.480.541.061.351.36
Asset Turnover Ratio (%) 0.290.320.070.070.00
Current Ratio (X) 3.027.403.912.581.44
Quick Ratio (X) 2.927.253.762.481.34
Inventory Turnover Ratio (X) 36.460.000.000.000.00
Dividend Payout Ratio (NP) (%) 7.680.000.000.000.00
Dividend Payout Ratio (CP) (%) 5.630.000.000.000.00
Earning Retention Ratio (%) 92.320.000.000.000.00
Cash Earning Retention Ratio (%) 94.370.000.000.000.00
Interest Coverage Ratio (X) 9.846.723.022.903.91
Interest Coverage Ratio (Post Tax) (X) 6.734.492.261.792.25
Enterprise Value (Cr.) 69268.8150859.450.000.000.00
EV / Net Operating Revenue (X) 15.4813.520.000.000.00
EV / EBITDA (X) 26.4922.770.000.000.00
MarketCap / Net Operating Revenue (X) 14.8113.380.000.000.00
Retention Ratios (%) 92.310.000.000.000.00
Price / BV (X) 6.846.270.000.000.00
Price / Net Operating Revenue (X) 14.8113.380.000.000.00
EarningsYield 0.020.020.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

JSW Infrastructure Ltd. is a Public Limited Listed company incorporated on 21/04/2006 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L45200MH2006PLC161268 and registration number is 161268. Currently Company is involved in the business activities of Sea and coastal water transport. Company's Total Operating Revenue is Rs. 519.93 Cr. and Equity Capital is Rs. 414.70 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Port & Port ServicesJSW Centre, Mumbai Maharashtra 400051Contact not found
Management
NamePosition Held
Mr. Sajjan JindalChairman & Non-Exe.Director
Mr. Nirmal Kumar JainVice Chairman & Independent Director
Mr. Rinkesh RoyJoint Managing Director & CEO
Mr. Lalit Chandanmal SinghviWholeTime Director & CFO
Mr. Arun Sitaram MaheshwariNon Executive Director
Mr. Kantilal Narandas PatelNon Executive Director
Ms. Ameeta ChatterjeeInd. Non-Executive Director
Mr. Amitabh Kumar SharmaInd. Non-Executive Director
Dr. Anoop Kumar MittalInd. Non-Executive Director
Ms. Anita BelaniInd. Non-Executive Director

FAQ

What is the intrinsic value of JSW Infrastructure Ltd and is it undervalued?

As of 14 April 2026, JSW Infrastructure Ltd's intrinsic value is ₹79.46, which is 67.96% lower than the current market price of ₹248.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (16.2 %), book value (₹48.6), dividend yield (0.32 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of JSW Infrastructure Ltd?

JSW Infrastructure Ltd is trading at ₹248.00 as of 14 April 2026, with a FY2026-2027 high of ₹349 and low of ₹239. The stock is currently near its 52-week low. Market cap stands at ₹52,070 Cr..

How does JSW Infrastructure Ltd's P/E ratio compare to its industry?

JSW Infrastructure Ltd has a P/E ratio of 32.1, which is above the industry average of 24.50. The premium over industry average may reflect growth expectations or speculative interest.

Is JSW Infrastructure Ltd financially healthy?

Key indicators for JSW Infrastructure Ltd: ROCE of 13.9 % is moderate; ROE of 16.2 % shows strong shareholder returns. Dividend yield is 0.32 %.

Is JSW Infrastructure Ltd profitable and how is the profit trend?

JSW Infrastructure Ltd reported a net profit of ₹1,521 Cr in Mar 2025 on revenue of ₹4,476 Cr. Compared to ₹330 Cr in Mar 2022, the net profit shows an improving trend.

Does JSW Infrastructure Ltd pay dividends?

JSW Infrastructure Ltd has a dividend yield of 0.32 % at the current price of ₹248.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in JSW Infrastructure Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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