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Port and marine infrastructure operator of the JSW Group, handling cargo (coal, steel, containers) at Indian ports.
Port and marine infrastructure operator of the JSW Group, handling cargo (coal, steel, containers) at Indian ports.
Moat: narrow (installed base, regulatory licence, scale). Long-term port concession agreements and captive cargo from JSW Group provide stable, hard-to-replicate infrastructure.
Headquarters: Mumbai, India · Founded: 2020 · Employees: 6,575
Size JSW Infrastructure (JSWINFRA.NS) is an India Industrials company (Engineering & Construction) with a market value of $8.33B, the 140th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹338.30 on 6 Nov 2026.
Performance Over six months the shares gained 20.3%, against -12.5% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 17.0% over the last twelve months (peer median +2.0%); the operating margin is 36.2% (peer median 7.3%).
Valuation It trades at 46.8× forward earnings against a peer median of 10.5× (most expensive of 21).
Capital Return on invested capital runs 5.9 points below its cost of capital (13.5% WACC).
Credit JSW Infrastructure has 1 bond outstanding ($400M), rated Baa3 by the agencies.
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹58.0B | ₹53.6B | ₹44.8B | ₹37.6B | ₹31.9B |
| Revenue growth | — | +20% | +19% | +18% | — |
| Gross profit | ₹23.6B | ₹22.2B | ₹19.5B | ₹16.8B | ₹13.7B |
| EBITDA | ₹27.6B | ₹26.3B | ₹22.8B | ₹19.9B | ₹16.3B |
| Net income | ₹14.4B | ₹15.2B | ₹15.0B | ₹11.6B | ₹7.40B |
| Free cash flow | n/a | -₹5.13B | -₹287M | ₹14.5B | ₹14.2B |
| Capital expenditure | n/a | ₹24.9B | ₹20.8B | ₹2.49B | ₹2.79B |
| Total debt | ₹84.1B | ₹69.0B | ₹50.4B | ₹47.6B | ₹45.7B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| JSW Infrastructure JSWINFRA.NS | $8.33B | +20% | +17% | 36% | 46.8× | n/a |
| Adani Ports & Special Economic Zone ADANIPORTS.NS | $47.2B | +12% | +23% | 44% | 29.4× | 34.5% |
| Gujarat Pipavav Port GPPL.NS | $851M | +4% | +25% | 52% | 14.7× | 16.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | JSWINFRA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.4% | +2.6% | 6th lowest of 21 |
| 6-month return | +20.3% | -12.5% | 3rd highest of 21 |
| Distance from 52-week high | -9.9% | -27.4% | 3rd highest of 21 |
| Revenue growth (TTM) | +17.0% | +2.0% | 5th highest of 21 |
| Operating margin | 36.2% | 7.3% | highest of 21 |
| Forward P/E | 46.8× | 10.5× | most expensive of 21 |
| ROIC minus cost of capital | -5.9 pp | +3.2 pp | 3rd lowest of 20 |
| EV / EBITDA | 29.2× | 9.5× | most expensive of 14 |
| Net debt / EBITDA | 0.4× | 0.9× | 5th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| JSW Infrastructure JSWINFRA.NS | India | $8.33B | +20% | +17% | 36% | 46.8× | n/a | n/a |
| Shimizu 1803.T | Japan | $8.30B | -35% | +6% | 6% | 7.8× | n/a | n/a |
| Stantec STN.TO | Canada | $8.42B | -16% | +10% | 10% | 16.0× | 3.9% | +11.5% |
| Aecom ACM | United States | $8.59B | -17% | -4% | 5% | 11.0× | 7.3% | +4.0% |
| SamsungE&A 028050.KS | South Korea | $8.73B | +14% | +19% | 11% | 13.6× | -2.1% | +6.1% |
| Sterling Infrastructure STRL | United States | $7.71B | -70% | +93% | 19% | 9.4× | 8.8% | +11.8% |
| Metallurgical Corporation of China 1618.HK | Hong Kong | $7.67B | -14% | -18% | -4% | 5.1× | 5.2% | +1.9% |
| Saipem SPM.MI | Italy | $9.38B | -9% | +2% | 4% | 27.1× | 6.9% | +16.1% |
| Atkinsrealis ATRL.TO | Canada | $9.94B | -7% | +15% | 7% | 19.9× | 11.4% | +9.6% |
| Technip Energies TE.PA | France | $6.83B | -8% | +2% | 4% | 18.9× | -6.5% | +4.6% |
| Tetra Tech TTEK | United States | $10.3B | +33% | -8% | 12% | 24.0× | 8.3% | +12.7% |
| China National Chemical Engineering 601117.SS | China | $6.68B | -15% | +2% | 5% | 6.4× | -17.3% | +11.6% |
| Taisei 1801.T | Japan | $10.8B | -38% | +2% | 9% | 9.9× | 0.6% | +7.1% |
| IES IESC | United States | $6.38B | +32% | +23% | 12% | 12.6× | 11.2% | +22.9% |
| Dycom Industries DY | United States | $6.26B | -52% | +38% | 8% | 12.1× | 11.6% | +11.6% |
| Fluor FLR | United States | $6.22B | +7% | -5% | -2% | 14.2× | n/a | n/a |
| Sichuan Road & Bridge 600039.SS | China | $11.4B | +8% | +8% | 10% | 9.7× | -5.0% | +12.3% |
| China Railway Construction 601186.SS | China | $11.4B | -11% | -9% | 4% | 4.9× | n/a | n/a |
| Power Construction Corporation of China 601669.SS | China | $11.5B | -20% | -2% | 4% | 8.4× | n/a | n/a |
| China State Construction International 3311.HK | Hong Kong | $6.04B | -5% | -14% | 15% | 5.0× | -8.1% | +11.8% |
| Eiffage FGR.PA | France | $11.5B | -20% | +5% | 10% | 9.3× | -6.9% | +9.4% |
JSW Infrastructure has 1 bond outstanding with $400M face value. The agencies rate it Baa3.