Nifty

:

26202.95

Sensex

:

85706.67

-12.60 (-0.05%)
-13.71 (-0.02%)

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Nifty
Sensex

:
:

26202.95
85706.67

-12.60 (-0.05%)
-13.71 (-0.02%)

JSW Infrastructure Ltd.

Port

Rating :

64/99

BSE: 543994 | NSE: JSWINFRA

Watchlist

NSE BSE

270.35

28-Nov-2025

Open
High
Low
Previous Close

270.05
273.3
268.9
269.85

Volume
Traded Value (lacs)
52 Week High
52 Week Low

1046480
283283525.8
349
218.2

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

56,805.04
35.84
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

59,601.95
0.30%
5.56

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

20.15
-
11.90

EBITDA CAGR (%)

10 Years
5 Years
3 Years

16.85
-
6.86

PAT CAGR (%)

10 Years
5 Years
3 Years

20.17
-
26.65

P:E (Median)

8 Years
5 Years
3 Years

-
-
-

P:BV (Average)

8 Years
5 Years
3 Years

-
-
-

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
-

Earnings Forecasts:

(Updated: 22-11-2025)

Description 2024 2025 2026 2027
Adj EPS 7.16 7.32 7.87 10.43
P/E Ratio 37.76 36.93 34.35 25.92
Revenue 4476.14 5378.13 6477.48 8879.34
EBITDA 2262.18 2561.69 3037.41 4213.7
Net Income 1503.08 1524.98 1645.68 2149.09
ROA 9.77 7.88 6.68 4.77
P/B Ratio 5.78 5.08 4.18 3.64
ROE 16.96 14.31 13.49 15.45
FCFF -28.72 -2658.25 -3773.68 -1727.11
FCFF Yield -0.05 -4.33 -6.14 -2.81
Net Debt 2400.28 5287 8564.63 11530.3
BVPS 46.77 53.27 64.62 74.36

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 143.03 126.87 12.74% 140.07 140.64 -0.41% 127.93 146.42 -12.63% 124.49 142.00 -12.33%
Expenses 220.80 102.74 114.91% 82.11 82.39 -0.34% 88.94 102.86 -13.53% 148.92 87.00 71.17%
EBITDA -77.77 24.13 - 57.96 58.25 -0.50% 38.99 43.56 -10.49% -24.43 55.00 -
EBIDTM -54.37% 19.02% 41.38% 41.42% 30.48% 29.75% -19.62% 38.73%
Other Income 260.25 237.77 9.45% 95.26 139.92 -31.92% 132.71 132.12 0.45% 153.53 127.89 20.05%
Interest 73.81 54.38 35.73% 67.29 57.10 17.85% 77.22 53.81 43.50% 73.48 53.75 36.71%
Depreciation 1.46 0.43 239.53% 1.43 0.43 232.56% 1.37 0.47 191.49% 0.42 0.45 -6.67%
PBT 107.21 207.09 -48.23% 84.50 140.64 -39.92% 93.11 121.40 -23.30% 55.20 128.69 -57.11%
Tax -11.81 90.90 - 11.55 43.30 -73.33% 8.25 16.70 -50.60% -37.80 34.96 -
PAT 119.02 116.19 2.44% 72.95 97.34 -25.06% 84.86 104.70 -18.95% 93.00 93.73 -0.78%
PATM 83.21% 91.58% 52.08% 69.21% 66.33% 71.51% 74.70% 66.01%
EPS 0.57 0.55 3.64% 0.35 0.46 -23.91% 0.40 0.50 -20.00% 0.44 0.45 -2.22%

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 1,265.59 1,001.36 26.39% 1,223.85 1,009.77 21.20% 1,283.18 1,096.38 17.04% 1,181.83 940.11 25.71%
Expenses 661.21 325.71 103.01% 642.69 495.13 29.80% 556.07 573.87 -3.10% 754.39 536.52 40.61%
EBITDA 604.38 675.65 -10.55% 581.16 514.64 12.93% 727.11 522.51 39.16% 427.44 403.59 5.91%
EBIDTM 47.75% 67.47% 47.49% 50.97% 56.66% 47.66% 36.17% 42.93%
Other Income 106.72 86.83 22.91% 89.85 93.92 -4.33% 88.72 103.92 -14.63% 83.48 78.19 6.77%
Interest 99.29 74.68 32.95% 54.99 82.34 -33.22% 94.01 75.41 24.67% 97.37 67.15 45.00%
Depreciation 148.52 133.86 10.95% 143.46 134.58 6.60% 140.47 133.65 5.10% 137.64 107.58 27.94%
PBT 463.29 553.94 -16.36% 472.56 391.64 20.66% 581.35 417.37 39.29% 275.91 307.05 -10.14%
Tax 94.48 180.21 -47.57% 82.99 95.09 -12.72% 65.77 88.29 -25.51% -59.71 53.48 -
PAT 368.81 373.73 -1.32% 389.57 296.55 31.37% 515.58 329.08 56.67% 335.62 253.57 32.36%
PATM 29.14% 37.32% 31.83% 29.37% 40.18% 30.02% 28.40% 26.97%
EPS 1.74 1.79 -2.79% 1.85 1.42 30.28% 2.46 1.61 52.80% 1.57 1.23 27.64%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11
Net Sales 535.52 519.93 534.38 531.58 473.03 292.45 217.70 148.67 118.76 47.73 35.17 Net Sales Growth -3.67% -2.70% 0.53% 12.38% 61.75% 34.34% 46.43% 25.19% 148.82% 35.71% Cost Of Goods Sold 0.00 0.00 0.00 0.00 0.00 0.00 0.00 48.13 0.00 0.00 0.00 Gross Profit 535.52 519.93 534.38 531.58 473.03 292.45 217.70 100.54 118.76 47.73 35.17 GP Margin 100.00% 100% 100% 100% 100% 100% 100% 67.63% 100% 100% 100% Total Expenditure 540.77 337.87 329.91 313.73 270.04 54.89 58.55 58.02 46.29 27.07 24.67 Power & Fuel Cost - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 % Of Sales - 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Employee Cost - 46.98 81.69 63.26 35.68 14.15 11.60 5.70 7.44 5.45 4.76 % Of Sales - 9.04% 15.29% 11.90% 7.54% 4.84% 5.33% 3.83% 6.26% 11.42% 13.53% Manufacturing Exp. - 3.96 3.86 2.37 212.23 35.01 40.03 0.47 0.12 0.17 13.78 % Of Sales - 0.76% 0.72% 0.45% 44.87% 11.97% 18.39% 0.32% 0.10% 0.36% 39.18% General & Admin Exp. - 35.01 23.43 15.24 20.68 4.67 5.60 2.69 0.86 0.86 5.89 % Of Sales - 6.73% 4.38% 2.87% 4.37% 1.60% 2.57% 1.81% 0.72% 1.80% 16.75% Selling & Distn. Exp. - 247.65 216.70 226.50 0.15 0.10 0.20 0.50 0.00 0.00 0.24 % Of Sales - 47.63% 40.55% 42.61% 0.03% 0.03% 0.09% 0.34% 0% 0% 0.68% Miscellaneous Exp. - 4.27 4.23 6.36 1.30 0.95 1.12 0.53 37.88 20.59 0.24 % Of Sales - 0.82% 0.79% 1.20% 0.27% 0.32% 0.51% 0.36% 31.90% 43.14% 0% EBITDA -5.25 182.06 204.47 217.85 202.99 237.56 159.15 90.65 72.47 20.66 10.50 EBITDA Margin -0.98% 35.02% 38.26% 40.98% 42.91% 81.23% 73.11% 60.97% 61.02% 43.29% 29.85% Other Income 641.75 663.93 416.46 296.70 117.16 5.03 4.12 5.76 4.20 3.70 4.36 Interest 291.80 347.30 252.16 460.48 145.35 58.78 79.87 30.20 23.38 0.13 0.07 Depreciation 4.68 2.65 1.72 1.37 1.66 77.42 76.63 0.81 1.85 2.46 2.62 PBT 340.02 496.04 367.05 52.70 173.14 106.41 6.78 65.40 51.43 21.77 12.16 Tax -29.81 104.65 79.84 -14.37 32.60 14.31 0.00 0.81 4.39 7.12 4.19 Tax Rate -8.77% 21.10% 21.75% -27.27% 18.83% 13.45% 0.00% 1.24% 8.54% 32.71% 34.46% PAT 369.83 391.39 287.21 67.07 140.54 92.09 6.78 64.59 47.04 14.64 7.96 PAT before Minority Interest 369.83 391.39 287.21 67.07 140.54 92.09 6.78 64.59 47.04 14.64 7.96 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 69.06% 75.28% 53.75% 12.62% 29.71% 31.49% 3.11% 43.45% 39.61% 30.67% 22.63% PAT Growth -10.23% 36.27% 328.22% -52.28% 52.61% 1,258.26% -89.50% 37.31% 221.31% 83.92% EPS 1.76 1.86 1.37 0.32 0.67 0.44 0.03 0.31 0.22 0.07 0.04

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 16 Mar 15 Mar 14 Mar 13
Net Sales 4,954.45 4,476.14 3,762.89 3,194.73 2,273.06 713.86 553.51 494.83 454.07 Net Sales Growth 22.40% 18.95% 17.78% 40.55% 218.42% 28.97% 11.86% 8.98% Cost Of Goods Sold 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 144.77 Gross Profit 4,954.45 4,476.14 3,762.89 3,194.73 2,273.06 713.86 553.51 494.83 309.31 GP Margin 100.00% 100% 100% 100% 100% 100% 100% 100% 68.12% Total Expenditure 2,614.36 2,218.07 1,798.33 1,574.52 1,163.63 238.03 215.38 196.13 186.32 Power & Fuel Cost - 180.42 160.89 125.01 91.60 18.43 19.13 9.10 0.00 % Of Sales - 4.03% 4.28% 3.91% 4.03% 2.58% 3.46% 1.84% 0% Employee Cost - 240.65 284.64 229.95 149.65 44.21 36.69 29.32 29.75 % Of Sales - 5.38% 7.56% 7.20% 6.58% 6.19% 6.63% 5.93% 6.55% Manufacturing Exp. - 344.14 275.59 256.47 453.15 106.95 91.76 20.55 0.00 % Of Sales - 7.69% 7.32% 8.03% 19.94% 14.98% 16.58% 4.15% 0% General & Admin Exp. - 891.57 756.18 631.18 445.34 61.51 60.24 11.22 8.93 % Of Sales - 19.92% 20.10% 19.76% 19.59% 8.62% 10.88% 2.27% 1.97% Selling & Distn. Exp. - 527.96 301.45 320.05 1.19 0.10 0.20 80.91 2.00 % Of Sales - 11.79% 8.01% 10.02% 0.05% 0.01% 0.04% 16.35% 0.44% Miscellaneous Exp. - 33.33 19.58 11.86 22.70 6.83 7.37 45.03 0.87 % Of Sales - 0.74% 0.52% 0.37% 1.00% 0.96% 1.33% 9.10% 0.19% EBITDA 2,340.09 2,258.07 1,964.56 1,620.21 1,109.43 475.83 338.13 298.70 267.75 EBITDA Margin 47.23% 50.45% 52.21% 50.72% 48.81% 66.66% 61.09% 60.36% 58.97% Other Income 368.77 431.42 269.41 178.11 105.68 25.46 19.23 17.35 12.39 Interest 345.66 340.10 332.46 596.09 419.62 81.92 85.66 46.92 41.04 Depreciation 570.09 546.55 436.48 391.23 369.50 141.65 117.85 64.78 60.96 PBT 1,793.11 1,802.84 1,465.03 811.00 425.98 277.72 153.84 204.35 178.15 Tax 183.53 281.36 304.34 61.48 95.55 25.05 6.13 4.33 22.84 Tax Rate 10.24% 15.61% 20.77% 7.58% 22.43% 9.02% 3.98% 2.12% 12.82% PAT 1,609.58 1,503.08 1,155.91 739.84 327.95 239.39 130.33 181.73 143.35 PAT before Minority Interest 1,585.05 1,521.48 1,160.69 749.52 330.44 252.67 147.72 200.02 155.31 Minority Interest -24.53 -18.40 -4.78 -9.68 -2.49 -13.28 -17.39 -18.29 -11.96 PAT Margin 32.49% 33.58% 30.72% 23.16% 14.43% 33.53% 23.55% 36.73% 31.57% PAT Growth 28.47% 30.03% 56.24% 125.60% 36.99% 83.68% -28.28% 26.77% EPS 7.66 7.16 5.50 3.52 1.56 1.14 0.62 0.87 0.68

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 11 Mar 10 Mar 09
Shareholder's Funds 5,144.52 4,796.74 1,602.76 1,392.49 440.11 162.12 103.49 Share Capital 414.70 410.30 359.57 59.93 60.35 136.00 86.00 Total Reserves 4,558.37 4,122.40 1,001.07 1,332.57 379.57 26.12 17.48 Non-Current Liabilities 3,372.18 3,347.72 3,313.01 3,086.92 15.42 1.42 0.74 Secured Loans 3,404.22 3,310.92 3,259.63 2,998.24 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 8.50 14.25 0.00 0.00 Long Term Provisions 0.25 0.24 0.20 1.42 0.00 0.00 0.00 Current Liabilities 628.38 117.20 78.90 294.57 6.12 12.79 7.82 Trade Payables 32.69 63.98 35.96 94.31 3.31 4.62 3.20 Other Current Liabilities 594.50 52.62 42.48 49.50 2.71 8.04 4.59 Short Term Borrowings 0.00 0.00 0.00 150.00 0.00 0.00 0.00 Short Term Provisions 1.19 0.60 0.46 0.77 0.09 0.13 0.03 Total Liabilities 9,145.08 8,261.66 4,994.67 4,773.98 461.65 176.33 112.05 Net Block 162.38 101.72 101.43 97.87 18.53 21.51 20.89 Gross Block 175.07 113.63 111.68 108.26 26.17 26.53 24.00 Accumulated Depreciation 12.69 11.91 10.25 10.39 7.64 5.02 3.10 Non Current Assets 7,176.81 5,933.37 4,259.32 4,097.66 169.69 172.52 106.91 Capital Work in Progress 1,584.69 0.00 0.00 0.00 0.00 0.00 0.00 Non Current Investment 3,188.39 1,915.02 1,345.26 1,559.85 151.16 151.01 86.02 Long Term Loans & Adv. 1,771.35 3,915.13 2,812.63 2,438.54 0.00 0.00 0.00 Other Non Current Assets 470.00 1.50 0.00 1.40 0.00 0.00 0.00 Current Assets 1,968.27 2,328.29 735.35 676.33 291.96 3.81 5.14 Current Investments 0.00 3.69 40.09 0.00 0.00 0.00 0.00 Inventories 1.31 1.20 2.06 1.07 0.11 0.07 0.05 Sundry Debtors 80.42 96.48 74.80 89.01 0.00 0.02 0.00 Cash & Bank 1,614.33 2,051.88 409.91 369.30 70.50 0.59 0.48 Other Current Assets 272.21 48.81 21.45 53.25 221.35 3.13 4.61 Short Term Loans & Adv. 220.44 126.23 187.04 163.69 220.74 3.05 4.61 Net Current Assets 1,339.89 2,211.09 656.45 381.75 285.84 -8.98 -2.69 Total Assets 9,145.08 8,261.66 4,994.67 4,773.99 461.65 176.33 112.05

Description Mar 25 Mar 24 Mar 23 Mar 22
Shareholder's Funds 9,696.91 8,026.36 3,994.62 3,272.12 Share Capital 414.70 410.30 359.57 59.93 Total Reserves 9,110.73 7,351.99 3,392.90 3,212.19 Non-Current Liabilities 4,608.66 4,543.33 4,297.13 4,702.11 Secured Loans 4,439.01 4,270.18 4,095.44 4,086.18 Unsecured Loans 0.00 0.00 0.00 8.50 Long Term Provisions 18.95 7.90 3.27 7.13 Current Liabilities 1,372.08 727.68 714.12 906.58 Trade Payables 349.36 356.22 301.59 274.79 Other Current Liabilities 928.41 340.70 340.16 392.91 Short Term Borrowings 79.06 25.47 67.75 231.87 Short Term Provisions 15.25 5.29 4.62 7.01 Total Liabilities 16,469.54 13,502.03 9,100.12 9,080.57 Net Block 9,392.93 7,757.46 5,974.55 6,133.89 Gross Block 11,902.29 9,730.95 7,515.00 7,376.28 Accumulated Depreciation 2,509.36 1,973.49 1,540.45 1,242.40 Non Current Assets 12,330.94 8,113.84 6,309.89 6,744.30 Capital Work in Progress 2,020.24 132.04 46.01 79.68 Non Current Investment 22.98 24.65 2.54 283.01 Long Term Loans & Adv. 275.98 183.96 206.71 152.51 Other Non Current Assets 488.81 15.73 80.08 95.22 Current Assets 4,138.60 5,388.19 2,790.23 2,336.26 Current Investments 159.78 219.84 304.49 0.00 Inventories 133.80 111.74 102.16 85.41 Sundry Debtors 809.03 676.80 402.39 601.35 Cash & Bank 2,482.07 4,090.22 1,631.64 1,038.23 Other Current Assets 553.92 96.44 31.72 60.98 Short Term Loans & Adv. 464.31 193.15 317.83 550.29 Net Current Assets 2,766.52 4,660.51 2,076.11 1,429.68 Total Assets 16,469.54 13,502.03 9,100.12 9,080.56

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 11 Mar 10 Mar 09
Cash From Operating Activity 73.88 249.51 161.99 169.59 -218.46 16.27 13.39 PBT 496.04 367.05 52.70 173.14 12.16 13.33 8.04 Adjustment -292.24 -106.79 207.32 47.56 -1.26 0.53 2.30 Changes in Working Capital -35.64 53.60 -57.64 -14.00 -226.43 5.18 7.20 Cash after chg. in Working capital 168.16 313.86 202.38 206.70 -215.54 19.04 17.54 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -94.28 -64.35 -40.39 -37.11 -2.92 -2.78 -4.16 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity 138.83 -2,645.99 90.47 -2,492.62 4.09 -66.15 -59.06 Net Fixed Assets -1,646.13 -1.95 -3.42 -82.09 0.36 -2.53 Net Investments -1,269.68 -533.36 174.50 -1,408.69 -0.15 -64.99 Others 3,054.64 -2,110.68 -80.61 -1,001.84 3.88 1.37 Cash from Financing Activity -382.32 2,558.32 -352.19 2,539.17 284.27 50.00 46.00 Net Cash Inflow / Outflow -169.61 161.84 -99.73 216.14 69.91 0.12 0.33 Opening Cash & Equivalents 291.41 129.57 229.30 13.16 0.59 0.48 0.14 Closing Cash & Equivalent 121.80 291.41 129.57 229.30 70.50 0.59 0.48

Description Mar 25 Mar 24 Mar 23 Mar 22
Cash From Operating Activity 2,100.44 1,803.21 1,797.24 1,176.23 PBT 1,802.84 1,465.03 811.00 425.98 Adjustment 567.14 699.83 971.71 764.78 Changes in Working Capital 4.10 -114.10 195.19 107.72 Cash after chg. in Working capital 2,374.08 2,050.76 1,977.90 1,298.48 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -273.64 -247.55 -180.66 -122.25 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -1,696.88 -4,204.68 -882.62 -801.32 Net Fixed Assets -1,646.13 -1.95 -3.42 Net Investments -1,269.68 -533.36 174.50 Others 1,218.93 -3,669.37 -1,053.70 Cash from Financing Activity -521.34 2,503.88 -824.74 2.55 Net Cash Inflow / Outflow -117.78 102.41 89.88 377.46 Opening Cash & Equivalents 723.39 618.69 528.81 151.35 Closing Cash & Equivalent 611.25 723.39 618.69 528.82

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 11 Mar 10 Mar 09
Book Value (Rs.) 23.98 22.09 7.57 7.75 72.89 14.66 14.37 ROA 4.50% 4.33% 1.35% 4.12% 2.50% 5.99% 4.42% ROE 8.23% 9.75% 5.15% 10.84% 3.05% 12.37% 8.62% ROCE 10.13% 9.55% 10.91% 10.14% 3.97% 10.04% 7.77% Fixed Asset Turnover 3.60 4.74 4.83 4.32 1.33 1.33 2.08 Receivable days 62.09 58.50 56.24 73.05 0.00 0.19 0.00 Inventory Days 0.88 1.11 1.08 0.74 0.92 0.65 0.36 Payable days 0.00 0.00 0.00 0.00 67.22 75.44 52.09 Cash Conversion Cycle 62.97 59.61 57.31 73.79 -66.30 -74.60 -51.73 Total Debt/Equity 0.68 0.73 2.40 2.27 0.03 0.00 0.00 Interest Cover 2.43 2.46 1.11 2.19 165.07 4166.53 0.00

Description Mar 25 Mar 24 Mar 23 Mar 22
Book Value (Rs.) 45.94 37.84 20.87 18.20 ROA 10.15% 10.27% 8.25% 3.87% ROE 17.60% 20.16% 21.80% 10.72% ROCE 16.01% 17.41% 17.68% 11.65% Fixed Asset Turnover 0.41 0.44 0.43 0.34 Receivable days 60.58 52.34 57.34 86.96 Inventory Days 10.01 10.37 10.71 14.82 Payable days 0.00 0.00 0.00 0.00 Cash Conversion Cycle 70.59 62.71 68.05 101.78 Total Debt/Equity 0.49 0.56 1.13 1.35 Interest Cover 6.30 5.41 2.36 2.02

Top Investors:

government of singapore

Annual Reports:

News Update:

JSW Infrastructure expands global footprint with strategic collaboration in Oman
17th Nov 2025, 16:44 PM

JSW Infrastructure, through JSW Overseas FZE - has agreed to subscribe to a 51% stake in the Port SPV
Read More
JSW Infrastructure - Quarterly Results
17th Oct 2025, 00:00 AM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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