JSW Infrastructure share price
NSE: JSWINFRABSE: 543994Transport InfrastructureMid Cap
JSW Infrastructure Limited · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Oct 2023 · Issue price ₹119
Last close ₹314.80down ₹2.45 (0.77%)BSE ₹314.85
Share price at the NSE close on 28 Oct 2026. Previous close ₹317.25.
28 Oct: open ₹306.60, high ₹317.00, low ₹302.50
52-week range of traded prices to 28 Oct 2026
₹233.42Low, 7 Apr 2026₹375.50High, 22 Sep 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹73,348 Cr184th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 50.87
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 4.07
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.29%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 10.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 8.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.39
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 42,60,58156.6% delivered
About JSW Infrastructure
JSW Infrastructure Limited develops and operates ports and terminals that handle dry bulk, liquid, gas and container cargo for JSW Group companies, such as JSW Steel, and for other customers.12 Its ports are on India's west and east coasts, and it runs terminals at Fujairah and Dibba in the UAE.2 It is building a logistics business of container depots, rail terminals and freight trains linking ports to inland industrial centres.3
It reports a port segment, which develops, operates and maintains ports, terminals and related infrastructure, and a logistics segment.4 It runs its ports under long-term concessions (rights to build and operate a port for a set period), typically of 30 to 50 years.2 Its logistics arm, JSW Port Logistics, holds a licence to run container trains across India and controls Navkar Corporation, a listed company.567
It was incorporated in 2006.8 It began serving customers outside the group in 2019 and listed its shares on the BSE and NSE on 3 Oct 2023.910 In October 2024 it bought 70.37% of Navkar Corporation, which runs an inland container depot (a dry port where trade cargo is cleared) at Morbi and container freight stations (where containers are unpacked) at Somathane and Ajivali, for ₹964.44 crore.79 In February 2026 it bought 3 rail logistics companies from JSW Shipping & Logistics, which run freight trains under Indian Railways schemes, for ₹1,158 crore.11 It is part of the JSW Group; its chairman is Sajjan Jindal, and its holding entity is the Sajjan Jindal Family Trust.121314
JSW Infrastructure key points
Results
- In the quarter to Jun 2026, consolidated revenue from operations rose 18% to ₹1,445 crore and operating EBITDA (profit before interest, tax, depreciation and amortisation, leaving out other income) 16% to ₹674 crore; profit after tax was ₹358 crore, against ₹390 crore a year earlier.15
- In the year to Mar 2026, consolidated revenue from operations rose 20% to ₹5,361 crore and operating EBITDA 15% to ₹2,604 crore; net profit was ₹1,547 crore, against ₹1,521 crore a year earlier.1617
- At 30 Jun 2026, cash and bank balances were ₹9,863 crore and gross debt ₹7,094 crore; the company reported net cash of ₹2,769 crore.1819
Business segments
- Ports. Revenue from operations was ₹4,647 crore in the year to Mar 2026 and ₹1,208 crore in the quarter to Jun 2026, against ₹1,086 crore a year earlier.2021
- Logistics. Revenue from operations was ₹715 crore in the year to Mar 2026; in the quarter to Jun 2026 it was ₹237 crore and operating EBITDA ₹73 crore, against ₹138 crore and ₹20 crore a year earlier.2022
- Logistics assets. A fleet of 42 rakes (freight trains): 25 rail and 17 container rakes, including Navkar's; and a land bank of 369 acres.2324
Ports and cargo
- Operating capacity in India was 186 million tonnes per annum (MTPA) at June 2026, excluding the UAE terminals, after South West Port, Goa rose from 11 to 12 MTPA and Mangalore Container Terminal from 4.2 to 6.0 MTPA.2526
- Its largest port by capacity is Jaigarh, Ratnagiri (55 MTPA); Dharamtar (34 MTPA) is a river jetty beside JSW Steel's Dolvi plant.272829
- It handled 31 million tonnes of cargo in the quarter to Jun 2026, up 6%, and 122 million tonnes in the year to Mar 2026, up 4%.3031
- A drone-debris fire damaged tanks at its Fujairah liquid terminal in the year to Mar 2026 (estimated loss ₹67.83 crore); Fujairah contributed little in the quarter to Jun 2026, when Indian cargo grew 11%.323334
Customers and partners
- JSW Steel, a JSW Group company, contributed more than 10% of revenue in the year to Mar 2026: ₹1,664.91 crore.351
- Jaigarh and Dharamtar serve JSW Steel's Dolvi plant under long-term take-or-pay agreements (the customer pays for a minimum volume even if it ships less); Dharamtar's minimum is 15 MTPA.3637
- In the year to Mar 2026, 52% of cargo came from JSW Group companies and 48% from third-party customers; the third-party share was 48% again in the quarter to Jun 2026.3839
Expansion and capital spending
- On its earnings call of 21 Jul 2026, the company said it plans to invest about ₹16,500 crore over the years to Mar 2027 and Mar 2028: ₹13,000 crore in ports and ₹3,500 crore in logistics.40
- In its presentation of 5 Aug 2026, the company said Jatadhar Port, Odisha (30 MTPA first phase, estimated cost ₹3,050 crore) and a 302 km slurry pipeline (pumping iron ore mixed with water) for JSW Steel (estimated cost ₹4,000 crore) are due by March 2027.4142
- In its presentation of 5 Aug 2026, the company said it targets adding 21 MTPA at Dharamtar and 15 MTPA at Jaigarh by March 2027, at an estimated ₹2,359 crore.43
What the company expects
- On its earnings call of 21 Jul 2026, the company said it expects operating EBITDA of about ₹3,000 crore in the year to Mar 2027 and ₹5,000 crore in the year to Mar 2028.44
- The company stated in its annual report for the year to Mar 2026 that it targets revenue from operations of ₹10,800 crore in the year to Mar 2028.45
- On its earnings call of 21 Jul 2026, the company said it aims for 300 MTPA of capacity by the year to Mar 2028 and 400 MTPA by the year to Mar 2030 or earlier.46
Recent events
- On 10 Sep 2026, it completed the acquisition, under an insolvency resolution plan, of NCR Rail Infrastructure, which runs a freight terminal with 6 rail lines at Khurja, Uttar Pradesh, for ₹467.47 crore; under the same plan it also paid ₹41.94 crore for land.4748
- On 10 Sep 2026, JSW Port Logistics received a letter of intent from an inter-ministerial committee of the finance ministry to set up an inland container depot at Kudathini, Karnataka, to be running within 1 year of the letter's issue.4950
- On 1 Jul 2026, Moody's rated the company Baa3 (investment grade), upgrading its US dollar notes from Ba1; Fitch and S&P already rated it investment grade.5152
- On 26 Jun 2026, it allotted 23,00,00,000 new shares at ₹285 each in a ₹7,503 crore qualified institutional placement (a share sale to large investors), which included promoter shares; ₹6,555 crore came to the company.5354
Last updated
All 54 sources, each with its page
- 1. Annual report, 22 Jul 2026, page 120
- 2. Annual report, 22 Jul 2026, page 81
- 3. Annual report, 22 Jul 2026, page 31
- 4. Annual report, 22 Jul 2026, page 221
- 5. Annual report, 22 Jul 2026, page 238
- 6. Annual report, 22 Jul 2026, page 239
- 7. Annual report, 22 Jul 2026, page 225
- 8. Annual report, 22 Jul 2026, page 116
- 9. Annual report, 22 Jul 2026, page 81
- 10. Annual report, 22 Jul 2026, page 86
- 11. Annual report, 22 Jul 2026, page 85
- 12. Exchange filing, 2 Jul 2026, page 3
- 13. Annual report, 22 Jul 2026, page 246
- 14. Annual report, 22 Jul 2026, page 162
- 15. Earnings call, 21 Jul 2026, page 5
- 16. Annual report, 22 Jul 2026, page 40
- 17. Annual report, 22 Jul 2026, page 12
- 18. Investor presentation, 5 Aug 2026, page 21
- 19. Earnings call, 21 Jul 2026, page 6
- 20. Annual report, 22 Jul 2026, page 40
- 21. Earnings call, 21 Jul 2026, page 5
- 22. Earnings call, 21 Jul 2026, page 5
- 23. Earnings call, 21 Jul 2026, page 4
- 24. Annual report, 22 Jul 2026, page 31
- 25. Investor presentation, 5 Aug 2026, page 7
- 26. Investor presentation, 5 Aug 2026, page 21
- 27. Annual report, 22 Jul 2026, page 17
- 28. Annual report, 22 Jul 2026, page 232
- 29. Annual report, 22 Jul 2026, page 235
- 30. Earnings call, 21 Jul 2026, page 4
- 31. Annual report, 22 Jul 2026, page 40
- 32. Annual report, 22 Jul 2026, page 85
- 33. Annual report, 22 Jul 2026, page 226
- 34. Earnings call, 21 Jul 2026, page 2
- 35. Annual report, 22 Jul 2026, page 221
- 36. Annual report, 22 Jul 2026, page 232
- 37. Annual report, 22 Jul 2026, page 235
- 38. Annual report, 22 Jul 2026, page 81
- 39. Investor presentation, 5 Aug 2026, page 22
- 40. Earnings call, 21 Jul 2026, page 5
- 41. Investor presentation, 5 Aug 2026, page 19
- 42. Investor presentation, 5 Aug 2026, page 19
- 43. Investor presentation, 5 Aug 2026, page 18
- 44. Earnings call, 21 Jul 2026, page 15
- 45. Annual report, 22 Jul 2026, page 11
- 46. Earnings call, 21 Jul 2026, page 3
- 47. Exchange filing, 10 Sep 2026, page 1
- 48. Exchange filing, 10 Sep 2026, page 2
- 49. Exchange filing, 11 Sep 2026, page 1
- 50. Exchange filing, 11 Sep 2026, page 2
- 51. Exchange filing, 2 Jul 2026, page 1
- 52. Exchange filing, 2 Jul 2026, page 2
- 53. Exchange filing, 26 Jun 2026, page 1
- 54. Earnings call, 21 Jul 2026, page 6
Results
Consolidated; ₹ crore.JSW Infrastructure quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +17.0%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −9.0%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,481 Crup 2.50%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹328 Crdown 8.21%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 22.2%
Revenue by quarter
Peak revenue ₹1,522 Cr, quarter to Mar 2026; lowest ₹1,182 Cr, quarter to Dec 2024
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,182 | 1,283 | 1,224 | 1,266 | 1,350 | 1,522 | 1,445 | 1,481 |
| Net profit | 336 | 516 | 390 | 369 | 365 | 424 | 358 | 328 |
| Net margin | 28.4% | 40.2% | 31.8% | 29.1% | 27.0% | 27.8% | 24.8% | 22.2% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹5,361 Crup 19.78%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,547 Crup 1.67%
- Net margin
- 28.9%
Revenue by year
Peak revenue ₹5,361 Cr, year to Mar 2026; lowest ₹3,763 Cr, year to Mar 2024
Net profit by year, a loss in red
| ₹ crore | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Revenue | 3,763 | 4,476 | 5,361 |
| Net profit | 1,161 | 1,521 | 1,547 |
| Net margin | 30.8% | 34.0% | 28.9% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Port OperationPort Operation, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹4,647 Crup 9.95%86.7%
- Logistic OperationLogistic Operation, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹715 Crup 186.12%13.3%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history.JSW Infrastructure PE ratio and valuation
Price to earnings
At or below today's level on 74% of 247 trading days over the last year.
LowestHighest
Its median37.53Industry median15.39
Price to book
At or below today's level on 0.2% of 649 trading days since Nov 2023.
LowestHighest
Its median6.65Industry median1.54
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 83% of 744 trading days over the last 3 years.
LowestHighest
Its median0.19%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −24.3% | +0.7% | −25.2% | 0.4% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
148 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 61 of the 83 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 148 funds holding JSW Infrastructure
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 39
- CutCut. Funds that held fewer shares than at the end of the month before.
- 44
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 60
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 9
| Fund | |||
|---|---|---|---|
 SBI Contra FundSBI Mutual Fund | 2,00,00,000 | 1.58% | ₹713.2 Cr |
 HDFC Flexi Cap FundHDFC Mutual Fund | 1,84,27,600 | 0.61% | ₹657.1 Cr |
| SBI Flexicap FundSBI Mutual Fund | 1,74,05,937 | 2.81% | ₹620.7 Cr |
| HDFC Balanced Advantage FundHDFC Mutual Fund | 1,70,00,000 | 0.59% | ₹606.2 Cr |
| HDFC Focused FundHDFC Mutual Fund | 1,43,96,562 | 1.93% | ₹513.4 Cr |
 ICICI Prudential Focused FundICICI Prudential Mutual Fund | 95,41,186 | 1.98% | ₹340.2 Cr |
 quant Multi Cap Fundquant Mutual Fund | 88,08,966 | 4.19% | ₹314.1 Cr |
| SBI Midcap FundSBI Mutual Fund | 87,00,000 | 1.33% | ₹310.2 Cr |
 Axis ELSS Tax Saver FundAxis Mutual Fund | 67,66,737 | 0.80% | ₹241.3 Cr |
 PGIM India Midcap FundPGIM India Mutual Fund | 44,73,538 | 1.51% | ₹159.5 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.JSW Infrastructure insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade · 28 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
JSW Infrastructure competitors and peers
Transport Infrastructure, 18 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to JSW Infrastructure in market cap.Services companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Adani Ports and Special Economic ZoneADANIPORTS | 4,05,796 | – | 3.97 | +22.6% | – | – | 11.5% | 0.43% |
 GMR AirportsGMRAIRPORT | 95,640 | 191.16 | – | +29.1% | – | – | 9.4% | 0.00% |
 Gujarat Pipavav PortGPPL | 7,743 | 13.86 | 3.24 | +25.0% | +42.7% | 23.6% | 27.2% | 6.49% |
 BF UtilitiesBFUTILITIE | 1,638 | – | 4.66 | +0.4% | −288.0% | −5.6% | −6.8% | 0.00% |
 Allcargo TerminalsATL | 638 | 15.39 | 1.81 | +12.2% | +37.0% | 13.4% | 28.7% | 0.00% |
 Highway InfrastructureHILINFRA | 548 | – | 2.40 | – | – | – | 4.7% | 0.00% |
 InnovisionINNOVISION | 453 | – | 1.54 | – | – | – | – | 0.00% |
 Dreamfolks ServicesDREAMFOLKS | 314 | – | 1.00 | −73.4% | −133.6% | −7.6% | −15.1% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.JSW Infrastructure dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹0.90 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 18 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.90 |
| 1 Jul 2025 | Final | ₹0.80 |
| 19 Jul 2024 | Final | ₹0.55 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.JSW Infrastructure announcements
Oct 2026
27 Oct · Business
27 Oct · Results
16 Oct · Analysts
14 Oct
JSW Infrastructure share price by year
Each calendar year to 2025.JSW Infrastructure share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 284.80 | −10.4% | 342.75 | 225.00 |
| 2024 | 318.00 | +52.7% | 356.65 | 206.05 |
| 2023 | 208.30 | – | 238.95 | 157.30 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2023 is from its first session, 3 Oct 2023.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 315.00 | 321.90 | 313.00 | 317.25 | 318.25 | 8,71,593 | 59.8% |
| 26 Oct 2026 | 313.10 | 319.05 | 307.85 | 317.45 | 315.84 | 15,55,855 | 56.6% |
| 23 Oct 2026 | 323.40 | 323.40 | 309.35 | 316.00 | 314.81 | 28,23,244 | 56.8% |
| 22 Oct 2026 | 317.10 | 325.75 | 311.35 | 321.60 | 321.40 | 22,86,003 | 57.6% |
| 21 Oct 2026 | 332.00 | 334.45 | 318.15 | 320.55 | 323.02 | 26,69,087 | 52.5% |
| 19 Oct 2026 | 337.45 | 340.45 | 328.15 | 328.95 | 332.53 | 8,71,673 | 46.5% |
| 16 Oct 2026 | 337.40 | 342.45 | 336.50 | 340.10 | 339.46 | 19,86,137 | 51.8% |
| 15 Oct 2026 | 341.40 | 342.60 | 332.10 | 334.65 | 336.29 | 26,46,036 | 62.2% |
| 14 Oct 2026 | 340.00 | 348.90 | 339.60 | 341.80 | 343.68 | 18,55,979 | 52.1% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- JSWINFRA
- BSE code
- 543994
- ISIN
- INE880J01026
- Industry
- Transport Infrastructure
- Website
- www.jsw.in/infrastructure
- CIN
- L45200MH2006PLC161268
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2006
- Registered office
- JSW Centre, Bandra Kurla Complex Bandra, East, Mumbai 400051, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
In BSE 200, Nifty 500, BSE 500, Nifty Midcap 150, BSE 150 MidCap Index, BSE MidCap