Company File · BSE 543994 · Latest filing Q4 FY26
Standalone = this company only. Consolidated = including its subsidiaries.
JSW Infrastructure Limited
Data as of 19 Oct 2026 close · BSE · Latest results Q4 FY26
ISIN INE880J01026 · JSWINFRA · Services › Transport Infrastructure
About the business
What does JSW Infrastructure do? It is the ports business of the JSW group. It develops & runs port terminals on both the east & west coasts of India. What is a port terminal? The part of a port where ships load & unload cargo. Its terminals handle coal, iron ore, steel, containers & liquid cargo, for JSW group companies & outside customers. It is also expanding into logistics.
Price & valuation · BSE close, 19 Oct 2026
Above its usual level
- Sales growth
- +20.5%
- Profit
- Turned to loss
- Op. margin
- 33.0%
- P/E
- 339.4×
- Usual P/E
- 179.7×
- Price/book
- 14.8×
- ROCE
- 8.8%
- ROE
- 3.2%
- Debt/equity
- 0.87×
- Promoter
- 73.93%
- Pledged
- 0.00%
Earnings callsNo earnings-call transcript from JSW Infrastructure in our data yet. When it files one on BSE, the call notes appear here within a few hours. See its call page
Is it expensive, and is it a good business?
Key ratios
In short Priced above its own usual level (P/E 339.4× vs 179.7×), earns low returns on capital (ROCE 8.8%) and borrows ₹0.87 for every ₹1 of shareholders' money.
What you pay Valuation
Buyers pay about ₹339 for every ₹1 the company earned per share over the last year. Above its 1-year median of 179.7×.
Latest BSE close ÷ last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. As of 19th October 2026.
The share price is 14.8 times the accounting value of each share. Above its 1-year median of 11.2×.
Latest BSE close ÷ book value per share (equity ÷ shares) on the latest balance-sheet date. As of 19th October 2026.
The market values the company at 127.7 times its yearly sales.
Market value ÷ last 12 months' revenue. As of 19th October 2026.
The whole business (shares plus debt, minus cash) is valued at about 363.2 years of its operating profit.
Enterprise value ÷ last 12 months' EBITDA. As of 19th October 2026.
EPS fell 57.1% over the latest financial year vs the year before, from ₹1.89 to ₹0.81 a share, so PEG does not apply.
P/E ÷ 12-month EPS growth in % (the last four quarters vs the four before; when those are not all held, the latest financial year vs the year before). Growth above 100% counts as 100%; left blank when EPS fell or was below ₹1 a share a year earlier. Without one-off items when either year has large ones, as for the P/E. As of 19th October 2026.
The company paid ₹0.90 a share in the last 12 months (1 payout), 0.27% of today's share price.
Dividends per share with an ex-date in the last 12 months (restated for any split or bonus since) ÷ the latest BSE close. As of 19th October 2026.
How well it uses money Returns & strength
Each ₹100 of shareholders' money and debt earned about ₹8.8 before interest & tax.
Last 12 months' profit before interest & tax ÷ average (equity + borrowings). As of 31st March 2026.
For every ₹100 of shareholders' money, the company earned about ₹3.2 in a year.
Last 12 months' profit after tax (continuing operations where reported) ÷ average equity. As of 31st March 2026.
The money actually tied up in running the business (leaving out spare cash) earned about 9.8% after tax.
Last 12 months' operating profit after tax (profit before interest & tax × (1 − effective tax rate)) ÷ average invested capital (equity + borrowings − cash & bank balances). As of 31st March 2026.
Every ₹1 of assets generated about ₹0.06 of sales in a year.
Last 12 months' revenue ÷ average total assets. As of 31st March 2026.
Operating profit covered interest costs about 1 times.
Last 12 months' profit before interest & tax ÷ finance costs. As of 31st March 2026.
For every ₹1 of shareholders' money, it has borrowed ₹0.87.
Borrowings ÷ shareholders' equity on the latest balance-sheet date. As of 31st March 2026.
Who owns it Ownership & more
The founders or parent group own 73.93% of the company.
Promoter & promoter group shareholding from the latest shareholding pattern filed with BSE. As of 30th June 2026.
Promoter holding fell by 9.69 percentage points last quarter.
Latest quarter's promoter holding minus the previous quarter's. As of 30th June 2026.
Promoter holding, quarter by quarter
- Jun 202673.93%
- Dec 202583.62%
- Sep 202583.62%
Promoters reported no pledged shares.
Promoter group shares pledged ÷ all the promoter group's shares, from the shareholding pattern filed with BSE each quarter (other encumbrances, such as non-disposal undertakings, are not counted). As of 30th June 2026.
Pledged, quarter by quarter
- Jun 20260.00%
- Dec 20250.00%
- Sep 20250.00%
After paying for new plant & equipment, operations left ₹-733 crore of cash.
Cash from operations − spending on plant & equipment, latest full year. As of 31st March 2026.
Free cash flow, year by year
- FY26₹-733 Cr
- FY25₹-1,167 Cr
Each share has a face (nominal) value of ₹2. It matters for dividends quoted as a percentage, not for valuation.
Face value per share as BSE lists it today.
About 233.00 crore shares were in issue.
BSE's count of listed shares (BSE's market cap ÷ its price), so splits, bonuses & new shares since the latest results are included. The latest results filing gives 208.52 crore. As of 19th October 2026.
Your ratios
Ratios you added. Your choices are remembered on this device.
The stock market values the company at about ₹76,704 crore.
Latest BSE close × BSE's count of listed shares. As of 19th October 2026.
Buying the whole business, including its debt and keeping its cash, would cost about ₹80,083 crore.
Market value + borrowings − cash & bank balances. As of 19th October 2026.
The company reported ₹168 crore of profit over the last four quarters.
Sum of the last four quarters' reported profit after tax. As of 31st March 2026.
Each share earned about ₹0.97 over the last year.
Sum of the last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. As of 31st March 2026.
Each share is backed by about ₹22 of net assets on the books.
Shareholders' equity ÷ shares. As of 31st March 2026.
About ₹36.7 of every ₹100 of sales was left after running costs.
EBITDA ÷ revenue over the last four quarters. As of 31st March 2026.
It lost about ₹36.7 on every ₹100 of sales last quarter.
Profit after tax ÷ revenue for the latest quarter. As of 31st March 2026.
Sales were 20.5% higher than a year earlier.
Latest quarter's revenue vs the same quarter last year. As of 31st March 2026.
Profit turned into a loss, so a growth rate would mislead.
Latest quarter's profit after tax vs the same quarter last year (continuing operations when a one-off discontinued item exists). As of 31st March 2026.
Short-term assets cover short-term bills 2.35 times.
Current assets ÷ current liabilities. As of 31st March 2026.
Customers take about 62 days to pay.
Trade receivables ÷ last 12 months' revenue × 365. As of 31st March 2026.
Stock on hand equals about 1 days of sales.
Inventories ÷ last 12 months' revenue × 365. As of 31st March 2026.
334.1% of pre-tax profit came from other income (interest, dividends, gains).
Other income ÷ profit before tax, last 12 months. As of 31st March 2026.
Each ₹1 of profit brought in ₹-1.06 of operating cash.
Latest full year's cash from operations ÷ profit after tax. As of 31st March 2026.
Borrowings exceed cash by ₹3,379 crore.
Cash & bank balances − borrowings. As of 31st March 2026.
The company paid about 4.9% of its pre-tax profit as tax.
Tax expense ÷ profit before tax (continuing operations), last 12 months. As of 31st March 2026.
Everything the company owns earned 1.7% in a year.
Last 12 months' profit ÷ average total assets. As of 31st March 2026.
Operating profit before interest, depreciation & tax was ₹220 crore.
Revenue − expenses + finance costs + depreciation, last four quarters. As of 31st March 2026.
Needs five financial years of cash flows.
Sum over five financial years of (cash from operations − capital expenditure).
The company spent ₹555 crore on plant & equipment.
Purchase of property, plant & equipment, latest full year. As of 31st March 2026.
Borrowings stood at ₹4,499 crore.
Current + non-current borrowings. As of 31st March 2026.
Foreign institutions own 11.21%.
Foreign institutional holding from the latest shareholding pattern. As of 30th June 2026.
Domestic institutions own 9.19%.
Domestic institutional holding (mutual funds, insurers, banks, pension funds). As of 30th June 2026.
The highest price in the last year was ₹375.25.
Highest intraday BSE price in the last 12 months (raw, not adjusted). As of 22nd September 2026.
The lowest price in the last year was ₹233.45.
Lowest intraday BSE price in the last 12 months (raw, not adjusted). As of 7th April 2026.
The share price moved 12.0% over the last year.
Close today ÷ close a year ago − 1 (raw prices, dividends not included). As of 19th October 2026.
About 93% of the last year's earnings per share was paid out as dividends.
Dividends per share with an ex-date in the last 12 months ÷ the last four quarters' EPS. As of 31st March 2026.
Needs four financial years of results (three years of growth).
Compound annual growth in revenue over three financial years.
Needs four financial years of results (three years of growth).
Compound annual growth in profit after tax over three financial years.
Tap the i beside any ratio for a plain explanation.
How these are worked out
Price-based ratios use the latest BSE close (19th October 2026). Share count 233.00 crore, from paid-up capital in the 19th October 2026 filing. Figures are standalone.
What you pay: Higher numbers mean you pay more for each rupee the company earns or owns.
How well it uses money: Higher returns mean each rupee in the business earns more. Lower debt means less strain.
Who owns it: A steady promoter stake with nothing pledged is a calm sign.
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Last 4 quarters ₹ crore · Standalone
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue from operations | 140.1 | 143.0 | 163.5 | 154.2 |
| EBITDA | 58.0 | 52.1 | 59.5 | 50.9 |
| Operating margin | 41.4% | 36.5% | 36.4% | 33.0% |
| One-off items | – | – | −1.7 | −1.3 |
| Profit after tax | 73.0 | 119.0 | 32.3 | -56.6 |
| Profit after tax without one-offs | 73.0 | 119.0 | 33.5 | -55.7 |
| Basic EPS (₹) | 0.35 | 0.57 | 0.16 | -0.11 |
One-off items: exceptional items reported separately in the filing. Profit without one-offs takes them out after tax at 25%.
Latest filings BSE
Corporate announcements 16
- 14 Oct 2026Intimation By Navkar Corporation Limited, A Listed Subsidiary Of The Company
- 5 Oct 2026Credit Rating
- 23 Sep 2026Credit Rating
Quarterly results 1
Conference calls 4
- 16 Oct 2026Analyst / Investor Meet - Intimation
- 9 Sep 2026Analyst / Investor Meet - Intimation
- 27 Aug 2026Analyst / Investor Meet - Intimation
Investor presentations 1
- 5 Aug 2026Investor Presentation
Members see every filing, and what each means for the company in Corporate Intelligence.
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