JSW Infrastructure Ltd.
•₹ 335.71.77%
2026-08-21
PROS
- Company has delivered good profit growth of 40.3% CAGR over last 5 years
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 27.3% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.40x)
- Working capital cycle has improved - days down from 226 to 168
- Institutional investors have been accumulating - FII+DII up 10.9pp
CONS
- Promoter holding has decreased over last 2 years: -11.7pp
- Recent results are weak - TTM profit is down 16.3% versus prior year
- Total debt has risen sharply - up 37.6% year on year
- Equity base is being diluted - shares outstanding up 16.0%
- Operating margins have contracted to 48.4% from 56.3%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ADANIPORTS | 1679.50 | 29.51 | 386949.93 | 0.45 | 3649.50 | 10.24 | 10820.80 | 18.57 | 15.03 | 60.26 |
| 2. | JSWINFRA | 330.15 | 51.79 | 76925.00 | 0.27 | 357.60 | -8.21 | 1444.83 | 18.06 | 14.26 | 46.64 |
| 3. | GPPL | 165.00 | 14.28 | 7976.76 | 6.30 | 147.90 | 41.77 | 331.77 | 32.47 | 29.46 | 64.86 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 878 | 85 | 940 | 1,096 | 1,010 | 1,001 | 1,182 | 1,283 | 1,224 | 1,266 | 1,350 | 1,522 | 1,445 | |
| 340 | 39 | 537 | 574 | 495 | 326 | 754 | 642 | 643 | 661 | 720 | 796 | 1,039 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 40 | 5 | 78 | 104 | 94 | 87 | 83 | 175 | 90 | 107 | 60 | 90 | 57 |
| Interest | 71 | 8 | 67 | 75 | 82 | 75 | 97 | 94 | 55 | 99 | 79 | 87 | 102 |
| Depreciation | 95 | 10 | 108 | 134 | 135 | 134 | 138 | 140 | 143 | 149 | 164 | 158 | 166 |
| 412 | 33 | 307 | 417 | 392 | 554 | 276 | 581 | 473 | 463 | 439 | 498 | 463 | |
| Tax % | 21.89% | 22.03% | 17.42% | 21.15% | 24.28% | 32.53% | -21.64% | 11.31% | 17.56% | 20.39% | 16.92% | 14.89% | 22.73% |
| Net Profit | 0 | 0 | 0 | 0 | 297 | 374 | 336 | 516 | 390 | 369 | 365 | 424 | 358 |
| 2 | 0 | 1 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 0 | |
| Equity Capital | 360 | 407 | 409 | 410 | 413 | 414 | 415 | 415 | 416 | 416 | 417 | 417 | 465 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 360 | 407 | 409 | 410 | 413 | 414 | 415 | 415 | 416 | 416 | 417 | 417 | 465 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 878
- 340
- Operating Profit
- —
- OPM %
- —
- Other Income
- 40
- Interest
- 71
- Depreciation
- 95
- 412
- Tax %
- 21.89%
- Net Profit
- 0
- 2
- Equity Capital
- 360
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 360
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 85
- 39
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 8
- Depreciation
- 10
- 33
- Tax %
- 22.03%
- Net Profit
- 0
- 0
- Equity Capital
- 407
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 407
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 940
- 537
- Operating Profit
- —
- OPM %
- —
- Other Income
- 78
- Interest
- 67
- Depreciation
- 108
- 307
- Tax %
- 17.42%
- Net Profit
- 0
- 1
- Equity Capital
- 409
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 409
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,096
- 574
- Operating Profit
- —
- OPM %
- —
- Other Income
- 104
- Interest
- 75
- Depreciation
- 134
- 417
- Tax %
- 21.15%
- Net Profit
- 0
- 2
- Equity Capital
- 410
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 410
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,010
- 495
- Operating Profit
- —
- OPM %
- —
- Other Income
- 94
- Interest
- 82
- Depreciation
- 135
- 392
- Tax %
- 24.28%
- Net Profit
- 297
- 1
- Equity Capital
- 413
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 413
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,001
- 326
- Operating Profit
- —
- OPM %
- —
- Other Income
- 87
- Interest
- 75
- Depreciation
- 134
- 554
- Tax %
- 32.53%
- Net Profit
- 374
- 2
- Equity Capital
- 414
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 414
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,182
- 754
- Operating Profit
- —
- OPM %
- —
- Other Income
- 83
- Interest
- 97
- Depreciation
- 138
- 276
- Tax %
- -21.64%
- Net Profit
- 336
- 2
- Equity Capital
- 415
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 415
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,283
- 642
- Operating Profit
- —
- OPM %
- —
- Other Income
- 175
- Interest
- 94
- Depreciation
- 140
- 581
- Tax %
- 11.31%
- Net Profit
- 516
- 2
- Equity Capital
- 415
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 415
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,224
- 643
- Operating Profit
- —
- OPM %
- —
- Other Income
- 90
- Interest
- 55
- Depreciation
- 143
- 473
- Tax %
- 17.56%
- Net Profit
- 390
- 2
- Equity Capital
- 416
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 416
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,266
- 661
- Operating Profit
- —
- OPM %
- —
- Other Income
- 107
- Interest
- 99
- Depreciation
- 149
- 463
- Tax %
- 20.39%
- Net Profit
- 369
- 2
- Equity Capital
- 416
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 416
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,350
- 720
- Operating Profit
- —
- OPM %
- —
- Other Income
- 60
- Interest
- 79
- Depreciation
- 164
- 439
- Tax %
- 16.92%
- Net Profit
- 365
- 2
- Equity Capital
- 417
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 417
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,522
- 796
- Operating Profit
- —
- OPM %
- —
- Other Income
- 90
- Interest
- 87
- Depreciation
- 158
- 498
- Tax %
- 14.89%
- Net Profit
- 424
- 2
- Equity Capital
- 417
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 417
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,445
- 1,039
- Operating Profit
- —
- OPM %
- —
- Other Income
- 57
- Interest
- 102
- Depreciation
- 166
- 463
- Tax %
- 22.73%
- Net Profit
- 358
- 0
- Equity Capital
- 465
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 465
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 888 | 998 | 1,080 | 1,143 | 1,604 | 2,273 | 3,195 | 3,763 | 4,476 | 5,361 | 5,582 | |
| 378 | 410 | 550 | 524 | 795 | 1,164 | 1,575 | 1,798 | 2,218 | 2,764 | 3,217 | |
| Operating Profit | 568 | 665 | 632 | 713 | 915 | 1,215 | 1,798 | 2,234 | 2,689 | 2,950 | — |
| OPM % | 64 | 67 | 58 | 62 | 57 | 53 | 56 | 59 | 60 | 55 | — |
| Other Income | 58 | 77 | 101 | 94 | 107 | 106 | 178 | 269 | 431 | 353 | 313 |
| Interest | 90 | 130 | 177 | 277 | 252 | 420 | 596 | 332 | 340 | 383 | 367 |
| Depreciation | 82 | 157 | 171 | 202 | 271 | 370 | 391 | 436 | 547 | 614 | 636 |
| 396 | 377 | 284 | 234 | 393 | 426 | 811 | 1,465 | 1,803 | 1,873 | 1,863 | |
| Tax % | 22 | 26 | 4 | 16 | 28 | 22 | 8 | 21 | 16 | 17 | 19 |
| Net Profit | 310 | 281 | 272 | 197 | 285 | 330 | 750 | 1,161 | 1,521 | 1,547 | 1,515 |
| EPS | 51 | 46 | 44 | 1 | 2 | 2 | 4 | 6 | 7 | 7 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 11 | 12 | — |
| Minority Interest | -17 | -13 | -5 | -6 | 7 | -2 | -10 | -5 | -18 | -24 | 11 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 1 | 1 | 1 | 2 | 2 | 4 | 6 | 7 | 7 | — |
| Minority Interest | -17 | -13 | -5 | -6 | 7 | -2 | -10 | -5 | -18 | -24 | 11 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 1 | 1 | 1 | 2 | 2 | 4 | 6 | 7 | 7 | — |
Mar 2017
- 888
- 378
- Operating Profit
- 568
- OPM %
- 64
- Other Income
- 58
- Interest
- 90
- Depreciation
- 82
- 396
- Tax %
- 22
- Net Profit
- 310
- EPS
- 51
- Dividend Payout %
- 0
- Minority Interest
- -17
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- -17
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2018
- 998
- 410
- Operating Profit
- 665
- OPM %
- 67
- Other Income
- 77
- Interest
- 130
- Depreciation
- 157
- 377
- Tax %
- 26
- Net Profit
- 281
- EPS
- 46
- Dividend Payout %
- 0
- Minority Interest
- -13
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- -13
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2019
- 1,080
- 550
- Operating Profit
- 632
- OPM %
- 58
- Other Income
- 101
- Interest
- 177
- Depreciation
- 171
- 284
- Tax %
- 4
- Net Profit
- 272
- EPS
- 44
- Dividend Payout %
- 0
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2020
- 1,143
- 524
- Operating Profit
- 713
- OPM %
- 62
- Other Income
- 94
- Interest
- 277
- Depreciation
- 202
- 234
- Tax %
- 16
- Net Profit
- 197
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2021
- 1,604
- 795
- Operating Profit
- 915
- OPM %
- 57
- Other Income
- 107
- Interest
- 252
- Depreciation
- 271
- 393
- Tax %
- 28
- Net Profit
- 285
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 7
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 7
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2022
- 2,273
- 1,164
- Operating Profit
- 1,215
- OPM %
- 53
- Other Income
- 106
- Interest
- 420
- Depreciation
- 370
- 426
- Tax %
- 22
- Net Profit
- 330
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2023
- 3,195
- 1,575
- Operating Profit
- 1,798
- OPM %
- 56
- Other Income
- 178
- Interest
- 596
- Depreciation
- 391
- 811
- Tax %
- 8
- Net Profit
- 750
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- -10
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- -10
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2024
- 3,763
- 1,798
- Operating Profit
- 2,234
- OPM %
- 59
- Other Income
- 269
- Interest
- 332
- Depreciation
- 436
- 1,465
- Tax %
- 21
- Net Profit
- 1,161
- EPS
- 6
- Dividend Payout %
- 10
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2025
- 4,476
- 2,218
- Operating Profit
- 2,689
- OPM %
- 60
- Other Income
- 431
- Interest
- 340
- Depreciation
- 547
- 1,803
- Tax %
- 16
- Net Profit
- 1,521
- EPS
- 7
- Dividend Payout %
- 11
- Minority Interest
- -18
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- -18
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2026
- 5,361
- 2,764
- Operating Profit
- 2,950
- OPM %
- 55
- Other Income
- 353
- Interest
- 383
- Depreciation
- 614
- 1,873
- Tax %
- 17
- Net Profit
- 1,547
- EPS
- 7
- Dividend Payout %
- 12
- Minority Interest
- -24
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- -24
- Share of Associates
- 0
- Adjusted EPS
- 7
TTM
- 5,582
- 3,217
- Operating Profit
- —
- OPM %
- —
- Other Income
- 313
- Interest
- 367
- Depreciation
- 636
- 1,863
- Tax %
- 19
- Net Profit
- 1,515
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 11
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 11
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 22%
- 5 Years:
- 27%
- 3 Years:
- 19%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 21%
- 5 Years:
- 39%
- 3 Years:
- 27%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- 7%
RETURN ON EQUITY
- 10 Years:
- 15%
- 5 Years:
- 17%
- 3 Years:
- 18%
- Last Year:
- 15%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 56 | 60 | 60 | 60 | 60 | 60 | 360 | 410 | 415 | 417 |
| 1,771 | 2,533 | 2,800 | 2,441 | 2,732 | 3,062 | 3,393 | 7,352 | 9,111 | 10,360 | |
| 643 | 356 | 38 | 380 | 544 | 314 | 148 | 25 | 79 | 234 | |
| Trade Payables | 39 | 156 | 7 | 205 | 215 | 275 | 302 | 356 | 349 | 374 |
| 1,582 | 2,069 | 2,870 | 3,841 | 4,456 | 5,369 | 4,898 | 5,358 | 6,516 | 8,449 | |
| Total Liabilities | 4,091 | 5,174 | 5,775 | 6,927 | 8,008 | 9,081 | 9,100 | 13,502 | 16,470 | 19,835 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 2,730 | 3,186 | 3,256 | 3,948 | 4,924 | 6,134 | 5,975 | 7,757 | 9,393 | 10,431 | |
| Capital Work in Progress | 374 | 622 | 859 | 750 | 292 | 70 | 45 | 109 | 1,859 | 3,147 |
| 95 | 28 | 230 | 376 | 296 | 283 | 307 | 244 | 183 | 25 | |
| 34 | 50 | 76 | 125 | 99 | 85 | 102 | 112 | 134 | 147 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 677 | 809 | 1,058 | |
| Cash & Bank | 45 | 328 | 102 | 159 | 265 | 1,038 | 1,632 | 4,090 | 2,482 | 2,318 |
| 813 | 959 | 1,252 | 1,567 | 2,132 | 1,470 | 1,040 | 512 | 1,610 | 2,708 | |
| Total Assets | 4,091 | 5,174 | 5,775 | 6,927 | 8,008 | 9,081 | 9,100 | 13,502 | 16,470 | 19,835 |
| Total Debt | 1,599 | 1,732 | 2,051 | 3,103 | 3,946 | 4,409 | 4,244 | 4,381 | 4,659 | 6,410 |
| Net Working Capital | -271 | 282 | 868 | 305 | 429 | 1,430 | 2,076 | 4,661 | 2,767 | 2,462 |
| Contingent Liabilities | 416 | 317 | 305 | 122 | 124 | 97 | 37 | 51 | 61 | 149 |
| Book Value per Share | 324.39 | 430.97 | 475.24 | 417.36 | 465.94 | 521.01 | 20.87 | 37.84 | 45.94 | 51.68 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 1,599 | 1,732 | 2,051 | 3,103 | 3,946 | 4,409 | 4,244 | 4,381 | 4,659 | 6,410 |
| Net Working Capital | -271 | 282 | 868 | 305 | 429 | 1,430 | 2,076 | 4,661 | 2,767 | 2,462 |
| Contingent Liabilities | 416 | 317 | 305 | 122 | 124 | 97 | 37 | 51 | 61 | 149 |
| Book Value per Share | 324.39 | 430.97 | 475.24 | 417.36 | 465.94 | 521.01 | 20.87 | 37.84 | 45.94 | 51.68 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2017
- Equity Capital
- 56
- 1,771
- 643
- Trade Payables
- 39
- 1,582
- Total Liabilities
- 4,091
- 2,730
- Capital Work in Progress
- 374
- 95
- 34
- 0
- Cash & Bank
- 45
- 813
- Total Assets
- 4,091
- Total Debt
- 1,599
- Net Working Capital
- -271
- Contingent Liabilities
- 416
- Book Value per Share
- 324.39
- Face Value
- 10.00
- Total Debt
- 1,599
- Net Working Capital
- -271
- Contingent Liabilities
- 416
- Book Value per Share
- 324.39
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 60
- 2,533
- 356
- Trade Payables
- 156
- 2,069
- Total Liabilities
- 5,174
- 3,186
- Capital Work in Progress
- 622
- 28
- 50
- 0
- Cash & Bank
- 328
- 959
- Total Assets
- 5,174
- Total Debt
- 1,732
- Net Working Capital
- 282
- Contingent Liabilities
- 317
- Book Value per Share
- 430.97
- Face Value
- 10.00
- Total Debt
- 1,732
- Net Working Capital
- 282
- Contingent Liabilities
- 317
- Book Value per Share
- 430.97
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 60
- 2,800
- 38
- Trade Payables
- 7
- 2,870
- Total Liabilities
- 5,775
- 3,256
- Capital Work in Progress
- 859
- 230
- 76
- 0
- Cash & Bank
- 102
- 1,252
- Total Assets
- 5,775
- Total Debt
- 2,051
- Net Working Capital
- 868
- Contingent Liabilities
- 305
- Book Value per Share
- 475.24
- Face Value
- 10.00
- Total Debt
- 2,051
- Net Working Capital
- 868
- Contingent Liabilities
- 305
- Book Value per Share
- 475.24
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 60
- 2,441
- 380
- Trade Payables
- 205
- 3,841
- Total Liabilities
- 6,927
- 3,948
- Capital Work in Progress
- 750
- 376
- 125
- 0
- Cash & Bank
- 159
- 1,567
- Total Assets
- 6,927
- Total Debt
- 3,103
- Net Working Capital
- 305
- Contingent Liabilities
- 122
- Book Value per Share
- 417.36
- Face Value
- 10.00
- Total Debt
- 3,103
- Net Working Capital
- 305
- Contingent Liabilities
- 122
- Book Value per Share
- 417.36
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 60
- 2,732
- 544
- Trade Payables
- 215
- 4,456
- Total Liabilities
- 8,008
- 4,924
- Capital Work in Progress
- 292
- 296
- 99
- 0
- Cash & Bank
- 265
- 2,132
- Total Assets
- 8,008
- Total Debt
- 3,946
- Net Working Capital
- 429
- Contingent Liabilities
- 124
- Book Value per Share
- 465.94
- Face Value
- 10.00
- Total Debt
- 3,946
- Net Working Capital
- 429
- Contingent Liabilities
- 124
- Book Value per Share
- 465.94
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 60
- 3,062
- 314
- Trade Payables
- 275
- 5,369
- Total Liabilities
- 9,081
- 6,134
- Capital Work in Progress
- 70
- 283
- 85
- 0
- Cash & Bank
- 1,038
- 1,470
- Total Assets
- 9,081
- Total Debt
- 4,409
- Net Working Capital
- 1,430
- Contingent Liabilities
- 97
- Book Value per Share
- 521.01
- Face Value
- 10.00
- Total Debt
- 4,409
- Net Working Capital
- 1,430
- Contingent Liabilities
- 97
- Book Value per Share
- 521.01
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 360
- 3,393
- 148
- Trade Payables
- 302
- 4,898
- Total Liabilities
- 9,100
- 5,975
- Capital Work in Progress
- 45
- 307
- 102
- 0
- Cash & Bank
- 1,632
- 1,040
- Total Assets
- 9,100
- Total Debt
- 4,244
- Net Working Capital
- 2,076
- Contingent Liabilities
- 37
- Book Value per Share
- 20.87
- Face Value
- 2.00
- Total Debt
- 4,244
- Net Working Capital
- 2,076
- Contingent Liabilities
- 37
- Book Value per Share
- 20.87
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 410
- 7,352
- 25
- Trade Payables
- 356
- 5,358
- Total Liabilities
- 13,502
- 7,757
- Capital Work in Progress
- 109
- 244
- 112
- 677
- Cash & Bank
- 4,090
- 512
- Total Assets
- 13,502
- Total Debt
- 4,381
- Net Working Capital
- 4,661
- Contingent Liabilities
- 51
- Book Value per Share
- 37.84
- Face Value
- 2.00
- Total Debt
- 4,381
- Net Working Capital
- 4,661
- Contingent Liabilities
- 51
- Book Value per Share
- 37.84
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 415
- 9,111
- 79
- Trade Payables
- 349
- 6,516
- Total Liabilities
- 16,470
- 9,393
- Capital Work in Progress
- 1,859
- 183
- 134
- 809
- Cash & Bank
- 2,482
- 1,610
- Total Assets
- 16,470
- Total Debt
- 4,659
- Net Working Capital
- 2,767
- Contingent Liabilities
- 61
- Book Value per Share
- 45.94
- Face Value
- 2.00
- Total Debt
- 4,659
- Net Working Capital
- 2,767
- Contingent Liabilities
- 61
- Book Value per Share
- 45.94
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 417
- 10,360
- 234
- Trade Payables
- 374
- 8,449
- Total Liabilities
- 19,835
- 10,431
- Capital Work in Progress
- 3,147
- 25
- 147
- 1,058
- Cash & Bank
- 2,318
- 2,708
- Total Assets
- 19,835
- Total Debt
- 6,410
- Net Working Capital
- 2,462
- Contingent Liabilities
- 149
- Book Value per Share
- 51.68
- Face Value
- 2.00
- Total Debt
- 6,410
- Net Working Capital
- 2,462
- Contingent Liabilities
- 149
- Book Value per Share
- 51.68
- Face Value
- 2.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 616 | 600 | 328 | 259 | 990 | 1,176 | 1,797 | 1,803 | 2,100 | 2,022 | |
| Cash from Investing | -1,052 | -1,098 | -495 | -379 | -1,637 | -801 | -883 | -4,205 | -1,697 | -2,062 |
| Cash from Financing | 387 | 540 | 140 | 226 | 641 | 3 | -825 | 2,504 | -521 | 227 |
| -49 | 41 | -27 | 106 | -6 | 377 | 90 | 102 | -118 | 186 | |
| Free Cash Flow | -493 | -333 | 145 | -522 | 232 | -134 | 1,684 | -477 | -1,821 | -887 |
| OCF / Net Profit | 1.98 | 2.14 | 1.21 | 1.32 | 3.48 | 3.56 | 2.40 | 1.55 | 1.38 | 1.31 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -971 | -613 | 1,404 | 783 | -515 | -1,635 |
| OCF / Net Profit | 1.98 | 2.14 | 1.21 | 1.32 | 3.48 | 3.56 | 2.40 | 1.55 | 1.38 | 1.31 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -971 | -613 | 1,404 | 783 | -515 | -1,635 |
Mar 2017
- 616
- Cash from Investing
- -1,052
- Cash from Financing
- 387
- -49
- Free Cash Flow
- -493
- OCF / Net Profit
- 1.98
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.98
- Cumulative 5-Year FCF
- 0
Mar 2018
- 600
- Cash from Investing
- -1,098
- Cash from Financing
- 540
- 41
- Free Cash Flow
- -333
- OCF / Net Profit
- 2.14
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.14
- Cumulative 5-Year FCF
- 0
Mar 2019
- 328
- Cash from Investing
- -495
- Cash from Financing
- 140
- -27
- Free Cash Flow
- 145
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 0
Mar 2020
- 259
- Cash from Investing
- -379
- Cash from Financing
- 226
- 106
- Free Cash Flow
- -522
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 0
Mar 2021
- 990
- Cash from Investing
- -1,637
- Cash from Financing
- 641
- -6
- Free Cash Flow
- 232
- OCF / Net Profit
- 3.48
- Cumulative 5-Year FCF
- -971
- OCF / Net Profit
- 3.48
- Cumulative 5-Year FCF
- -971
Mar 2022
- 1,176
- Cash from Investing
- -801
- Cash from Financing
- 3
- 377
- Free Cash Flow
- -134
- OCF / Net Profit
- 3.56
- Cumulative 5-Year FCF
- -613
- OCF / Net Profit
- 3.56
- Cumulative 5-Year FCF
- -613
Mar 2023
- 1,797
- Cash from Investing
- -883
- Cash from Financing
- -825
- 90
- Free Cash Flow
- 1,684
- OCF / Net Profit
- 2.40
- Cumulative 5-Year FCF
- 1,404
- OCF / Net Profit
- 2.40
- Cumulative 5-Year FCF
- 1,404
Mar 2024
- 1,803
- Cash from Investing
- -4,205
- Cash from Financing
- 2,504
- 102
- Free Cash Flow
- -477
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- 783
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- 783
Mar 2025
- 2,100
- Cash from Investing
- -1,697
- Cash from Financing
- -521
- -118
- Free Cash Flow
- -1,821
- OCF / Net Profit
- 1.38
- Cumulative 5-Year FCF
- -515
- OCF / Net Profit
- 1.38
- Cumulative 5-Year FCF
- -515
Mar 2026
- 2,022
- Cash from Investing
- -2,062
- Cash from Financing
- 227
- 186
- Free Cash Flow
- -887
- OCF / Net Profit
- 1.31
- Cumulative 5-Year FCF
- -1,635
- OCF / Net Profit
- 1.31
- Cumulative 5-Year FCF
- -1,635
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 52.14 | 44.48 | 44.32 | 31.77 | 48.62 | 54.72 | 4.12 | 5.63 | 7.25 | 7.31 |
| Book Value (₹) | 324.39 | 430.97 | 475.24 | 417.36 | 465.94 | 521.01 | 20.87 | 37.84 | 45.94 | 51.68 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.55 | 0.80 | 0.90 |
| Cash EPS (₹) | 2.32 | 2.43 | 2.45 | 2.22 | 3.09 | 3.89 | 6.35 | 7.79 | 9.97 | 10.36 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 63.97% | 66.58% | 58.46% | 62.41% | 57.09% | 53.46% | 56.29% | 52.21% | 50.45% | 48.44% |
| Net Margin % | 34.96% | 28.14% | 25.18% | 17.19% | 17.75% | 14.54% | 23.46% | 30.85% | 33.99% | 28.85% |
| ROE % | 18.47% | 12.71% | 9.97% | 7.33% | 10.75% | 11.17% | 21.80% | 20.16% | 17.60% | 15.24% |
| ROCE % | 15.91% | 13.01% | 9.93% | 9.66% | 10.33% | 11.65% | 17.68% | 17.41% | 16.01% | 14.26% |
| 8.63% | 6.06% | 4.97% | 3.09% | 3.81% | 3.87% | 8.25% | 10.27% | 10.15% | 8.52% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 76 | 90 | 116 | 145 | 114 | 87 | 57 | 52 | 61 | 64 |
| Inventory Days | 17 | 15 | 21 | 32 | 26 | 15 | 11 | 10 | 10 | 10 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 93 | 106 | 137 | 177 | 139 | 102 | 68 | 63 | 71 | 73 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.88x | 0.67x | 0.72x | 1.24x | 1.41x | 1.41x | 1.13x | 0.56x | 0.49x | 0.59x |
| Interest Coverage (x) | 5.38x | 3.91x | 2.60x | 1.84x | 2.56x | 2.02x | 2.36x | 5.41x | 6.30x | 5.89x |
| 0.71x | 1.33x | 2.52x | 1.26x | 1.44x | 2.58x | 3.91x | 7.40x | 3.02x | 2.26x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 23.28% | 12.43% | 8.23% | 5.82% | 40.28% | 41.75% | 40.55% | 17.78% | 18.95% | 19.78% |
| Operating Profit Growth % | 26.44% | 17.00% | -4.96% | 12.96% | 28.32% | 32.73% | 48.00% | 24.23% | 20.39% | 9.67% |
| Net Profit Growth % | 32.70% | -9.53% | -3.15% | -27.74% | 44.83% | 16.10% | 126.83% | 54.86% | 31.08% | 1.67% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 36.92% | 28.65% | 0.78% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 43.57x | 44.11x | 32.93x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.49x | 6.96x | 4.65x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.22% | 0.25% | 0.37% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 22.67x | 25.46x | 18.39x |
Mar 2017
- EPS (₹)
- 52.14
- Book Value (₹)
- 324.39
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.32
- Operating Margin %
- 63.97%
- Net Margin %
- 34.96%
- ROE %
- 18.47%
- ROCE %
- 15.91%
- 8.63%
- Debtor Days
- 76
- Inventory Days
- 17
- Payable Days
- 0
- 93
- Debt to Equity (x)
- 0.88x
- Interest Coverage (x)
- 5.38x
- 0.71x
- Revenue Growth %
- 23.28%
- Operating Profit Growth %
- 26.44%
- Net Profit Growth %
- 32.70%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 44.48
- Book Value (₹)
- 430.97
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.43
- Operating Margin %
- 66.58%
- Net Margin %
- 28.14%
- ROE %
- 12.71%
- ROCE %
- 13.01%
- 6.06%
- Debtor Days
- 90
- Inventory Days
- 15
- Payable Days
- 0
- 106
- Debt to Equity (x)
- 0.67x
- Interest Coverage (x)
- 3.91x
- 1.33x
- Revenue Growth %
- 12.43%
- Operating Profit Growth %
- 17.00%
- Net Profit Growth %
- -9.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 44.32
- Book Value (₹)
- 475.24
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.45
- Operating Margin %
- 58.46%
- Net Margin %
- 25.18%
- ROE %
- 9.97%
- ROCE %
- 9.93%
- 4.97%
- Debtor Days
- 116
- Inventory Days
- 21
- Payable Days
- 0
- 137
- Debt to Equity (x)
- 0.72x
- Interest Coverage (x)
- 2.60x
- 2.52x
- Revenue Growth %
- 8.23%
- Operating Profit Growth %
- -4.96%
- Net Profit Growth %
- -3.15%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 31.77
- Book Value (₹)
- 417.36
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.22
- Operating Margin %
- 62.41%
- Net Margin %
- 17.19%
- ROE %
- 7.33%
- ROCE %
- 9.66%
- 3.09%
- Debtor Days
- 145
- Inventory Days
- 32
- Payable Days
- 0
- 177
- Debt to Equity (x)
- 1.24x
- Interest Coverage (x)
- 1.84x
- 1.26x
- Revenue Growth %
- 5.82%
- Operating Profit Growth %
- 12.96%
- Net Profit Growth %
- -27.74%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 48.62
- Book Value (₹)
- 465.94
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.09
- Operating Margin %
- 57.09%
- Net Margin %
- 17.75%
- ROE %
- 10.75%
- ROCE %
- 10.33%
- 3.81%
- Debtor Days
- 114
- Inventory Days
- 26
- Payable Days
- 0
- 139
- Debt to Equity (x)
- 1.41x
- Interest Coverage (x)
- 2.56x
- 1.44x
- Revenue Growth %
- 40.28%
- Operating Profit Growth %
- 28.32%
- Net Profit Growth %
- 44.83%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 54.72
- Book Value (₹)
- 521.01
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.89
- Operating Margin %
- 53.46%
- Net Margin %
- 14.54%
- ROE %
- 11.17%
- ROCE %
- 11.65%
- 3.87%
- Debtor Days
- 87
- Inventory Days
- 15
- Payable Days
- 0
- 102
- Debt to Equity (x)
- 1.41x
- Interest Coverage (x)
- 2.02x
- 2.58x
- Revenue Growth %
- 41.75%
- Operating Profit Growth %
- 32.73%
- Net Profit Growth %
- 16.10%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 4.12
- Book Value (₹)
- 20.87
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.35
- Operating Margin %
- 56.29%
- Net Margin %
- 23.46%
- ROE %
- 21.80%
- ROCE %
- 17.68%
- 8.25%
- Debtor Days
- 57
- Inventory Days
- 11
- Payable Days
- 0
- 68
- Debt to Equity (x)
- 1.13x
- Interest Coverage (x)
- 2.36x
- 3.91x
- Revenue Growth %
- 40.55%
- Operating Profit Growth %
- 48.00%
- Net Profit Growth %
- 126.83%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 5.63
- Book Value (₹)
- 37.84
- Dividend per Share (₹)
- 0.55
- Cash EPS (₹)
- 7.79
- Operating Margin %
- 52.21%
- Net Margin %
- 30.85%
- ROE %
- 20.16%
- ROCE %
- 17.41%
- 10.27%
- Debtor Days
- 52
- Inventory Days
- 10
- Payable Days
- 0
- 63
- Debt to Equity (x)
- 0.56x
- Interest Coverage (x)
- 5.41x
- 7.40x
- Revenue Growth %
- 17.78%
- Operating Profit Growth %
- 24.23%
- Net Profit Growth %
- 54.86%
- 36.92%
- P/E (x)
- 43.57x
- P/B (x)
- 6.49x
- Dividend Yield %
- 0.22%
- 22.67x
Mar 2025
- EPS (₹)
- 7.25
- Book Value (₹)
- 45.94
- Dividend per Share (₹)
- 0.80
- Cash EPS (₹)
- 9.97
- Operating Margin %
- 50.45%
- Net Margin %
- 33.99%
- ROE %
- 17.60%
- ROCE %
- 16.01%
- 10.15%
- Debtor Days
- 61
- Inventory Days
- 10
- Payable Days
- 0
- 71
- Debt to Equity (x)
- 0.49x
- Interest Coverage (x)
- 6.30x
- 3.02x
- Revenue Growth %
- 18.95%
- Operating Profit Growth %
- 20.39%
- Net Profit Growth %
- 31.08%
- 28.65%
- P/E (x)
- 44.11x
- P/B (x)
- 6.96x
- Dividend Yield %
- 0.25%
- 25.46x
Mar 2026
- EPS (₹)
- 7.31
- Book Value (₹)
- 51.68
- Dividend per Share (₹)
- 0.90
- Cash EPS (₹)
- 10.36
- Operating Margin %
- 48.44%
- Net Margin %
- 28.85%
- ROE %
- 15.24%
- ROCE %
- 14.26%
- 8.52%
- Debtor Days
- 64
- Inventory Days
- 10
- Payable Days
- 0
- 73
- Debt to Equity (x)
- 0.59x
- Interest Coverage (x)
- 5.89x
- 2.26x
- Revenue Growth %
- 19.78%
- Operating Profit Growth %
- 9.67%
- Net Profit Growth %
- 1.67%
- 0.78%
- P/E (x)
- 32.93x
- P/B (x)
- 4.65x
- Dividend Yield %
- 0.37%
- 18.39x
Documents
Announcements
- Shareholders meeting
2026-08-14 - JSW Infrastructure Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 13, 2026. Further, the company has informed the Exchange regarding voting results.
- Shareholders meeting
2026-08-13 - JSW Infrastructure Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 13, 2026
Annual Reports
Credit Ratings
- Credit Rating
2026-07-02 - JSW Infrastructure Limited has informed the Exchange about Credit Rating
- Credit Rating- New
2026-06-19 - JSW Infrastructure Limited has informed the Exchange about Credit Rating- New
- Credit Rating- Revision
2026-06-19 - JSW Infrastructure Limited has informed the Exchange about Credit Rating- Revision
Concalls
Aug 2026
Jul 2026
May 2026