Arthneeti

JSW Infrastructure Q2 FY27 Share Price & Earnings Call Analysis

₹323.90+2.89% today
Market cap
₹75,457 Cr
P/E
48.67
ROE
15.31%
PEG
1.72
Price to sales
13.52
Debt to equity
0.63
52W high / low
₹368 / ₹234
Sales growth (5Y)
27.30%
EBITDA margin
48.30%
Net profit margin
29.83%
Promoter holding
73.93%
Sales (last year)
₹5,582 Cr

Guidance scorecard · Q2 FY27 call

What JSW Infrastructure Ltd's management guided
and where it ranks in Transport Infrastructure

#4of 10 in
Transport Infrastructure
Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • JSW Infrastructure aims to increase cargo handling capacity from 186 million tonnes per annum to 300 million tonnes by FY28, and further to 400 million tonnes by FY30 or earlier.
  • For FY27, the company targets handling around 127 million tonnes of cargo volumes.
  • Revenue growth is supported by volume increase and product mix improvements, with Q1 FY27 operational revenue up 18% YoY to INR1,445 crores.
  • Logistics business scaling up: fleet expansion planned to about 250 rakes over next 2-3 years.
  • EBITDA guidance is approximately INR3,000 crores for FY27 and INR5,000 crores for FY28, reaffirming strong operating momentum.
  • Port expansions and greenfield projects like Murbe and Jatadhar are progressing to support future third-party cargo growth.

2 more points from JSW Infrastructure Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what JSW Infrastructure Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • JSW Infrastructure has committed an additional INR 5,500 crores of capex by placing orders for machinery, long lead items, and civil work across ongoing projects in ports and logistics.
  • The slurry pipeline project is on track for completion by March 2027 with 83% pipeline lowering completed.
  • Brownfield expansions are progressing at Jaigarh, Dharamtar, Mangalore container terminal, and Tuticorin Bulk Terminal.
  • Environmental clearance received for Murbe port with rail connectivity to the Dedicated Freight Corridor; construction expected to start by Q3 FY27.
  • Orders placed for expansion of rail logistics fleet: additional 25 container rakes and 15 rail rakes, aiming for ~250 total rakes over 2-3 years.
  • INR 7,503 crore QIP successfully completed, strengthening the balance sheet for growth and capacity expansion to 400 million tonnes by FY30 or earlier.

2 more points from JSW Infrastructure Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what JSW Infrastructure Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • JSW Infrastructure Limited has committed an additional INR 5,500 crores of capex for ongoing projects across ports and logistics.
  • Orders have been placed for machinery, long lead items, and civil work linked to these projects.
  • In April 2026, the company placed orders for an additional 25 container rakes and 15 rail rakes to expand the logistics fleet.
  • The entire 40 rakes order is expected to be delivered and come on stream by January or February 2027.

2 more points from JSW Infrastructure Ltd's call on the order book

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Full Q1 FY27 analysis
Full Transport Infrastructure ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Transport Infrastructure
on management's own guidance

  1. Dreamfolks ServiModerate growth
    2
  2. Guj Pipavav PortGood growth
    1
  3. Adani PortsModerate growth
    3
See all potential multibaggersWhere does JSW Infrastructure Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Transport Infrastructure companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Guj Pipavav Port20–40%Flat₹8,040 Cr14.8
2Dreamfolks Servi10–20%Up 2%+₹322 Cr—
3Adani Ports10–20%Flat₹4.03L Cr30.4
4JSW InfrastThis stock10–20%Flat₹79,244 Cr51.1
510–20%Flat₹20,640 Cr74.5
610–20%Flat₹7,757 Cr19.8

Sign up free to see every company in the sector ranking and track JSW Infrastructure Ltd.

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JSW Infrastructure Ltd announcements

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Financials of JSW Infrastructure Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

JSW Infrastructure Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +85.61%85.61%85.61%85.61%85.61%85.61%83.61%83.61%83.61%83.61%73.93%73.93%
FIIs +2.43%2.34%4.15%4.20%4.07%4.75%6.64%7.30%7.13%6.92%11.21%12.48%
DIIs +4.08%3.59%2.74%2.50%2.73%2.69%2.82%2.54%2.17%2.43%9.19%8.52%
Public +5.20%6.14%5.79%6.32%6.30%5.67%5.98%5.63%6.33%6.33%5.39%4.90%
Others +2.69%2.31%1.70%1.36%1.29%1.26%0.96%0.89%0.75%0.71%0.28%0.17%
No. of Shareholders3,00,2293,74,7213,90,0054,25,5494,38,5704,38,0444,39,8414,36,2394,60,0594,60,2564,30,4254,10,923

Financials of JSW Infrastructure Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +8489401,0961,0101,0011,1821,2831,2241,2661,3501,5221,4451,481
Expenses +396460515495481596642643656706753771806
Operating Profit452480581515521586641581610644769674674
OPM %53%51%53%51%52%50%50%47%48%48%51%47%46%
Other Income +47781049487838990107521757189
Interest7114313482-8025685510593130102257
Depreciation101108134135134138140143149164158166175
Profit before tax328307417392554276581473463439498463431
Tax %22%17%21%24%33%-22%11%18%20%17%15%23%24%
Net Profit +256254329297374336516390369365424358328
EPS in Rs1.211.191.571.391.771.572.431.831.721.711.991.491.36

Financials of JSW Infrastructure Ltd

Profit & Loss

Annual income statement trend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +8889981,0801,1431,6042,2733,1953,7634,4765,3615,798
Expenses +3774105505247871,1641,5721,7952,2142,7573,037
Operating Profit5115885306198161,1091,6231,9682,2622,6042,761
OPM %58%59%49%54%51%49%51%52%51%49%48%
Other Income +57771019475106176266353266315
Interest90130177277228420596332266383582
Depreciation82157171202271370391436547614663
Profit before tax3963772842343934268111,4651,8031,8731,831
Tax %22%26%4%16%28%22%8%21%16%17%
Net Profit +3102812721972853307501,1611,5211,5471,474
EPS in Rs1.821.471.461.051.601.803.975.507.167.256.55
Dividend Payout %0%0%0%0%0%0%0%10%11%12%

Financials of JSW Infrastructure Ltd

Balance Sheet

Capital structure and asset base

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital566060606060360410415417465
Reserves1,7982,5532,8272,4882,8313,2123,6357,6169,28210,46017,540
Borrowings +1,5991,7322,0513,1033,9464,7404,5684,7585,0426,8998,412
Other Liabilities +6288407621,0851,2861,1657509092,0682,4392,703
Total Liabilities4,0825,1855,7016,7368,1239,1779,31213,69416,80720,21529,120
Fixed Assets +2,7303,1863,2563,9484,9246,1345,9757,7579,52310,52711,808
CWIP3806338627521,12580461322,0203,1884,071
Investments9528230376296283307244183251,024
Other Assets +8771,3381,3521,6601,7792,6812,9855,5605,0816,47412,217
Total Assets4,0825,1855,7016,7368,1239,1779,31213,69416,80720,21529,120

Financials of JSW Infrastructure Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +6166003282599901,1761,7971,8032,1002,022
Cash from Investing Activity +-1,052-1,098-495-378-1,637-801-883-4,202-1,691-2,062
Cash from Financing Activity +3875401402266413-8252,504-521227
Net Cash Flow-4941-27107-637790105-112186
Free Cash Flow-424-338-24-400-6026691,5281,55526-467
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit137%119%67%48%129%117%122%104%105%91%

Financials of JSW Infrastructure Ltd

Ratios

Working capital efficiency and return ratios

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days82108104160949746666672
Inventory Days
Days Payable
Cash Conversion Cycle82108104160949746666672
Working Capital Days-169-27181122526316341011
ROCE %12%9%9%10%11%17%16%14%14%

Guidance history

How JSW Infrastructure Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlannedPlanned—
Q4 FY26 call →20–40%FlatPlanned—Rising
Q3 FY26 call →20–40%FlatPlannedPlanned—
Q3 FY26 call →40%+FlatPlannedPlannedFlat

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

70out of 100

Momentum score · price trend

70 out of 100 — Steady

Over the past year its share price has moved roughly in the middle of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+9.4%68%
Last 6 months+19.1%74%
Last 3 months+1.5%66%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For JSW Infrastructure Ltd: 0.4 × 68 + 0.4 × 74 + 0.2 × 66 = 70.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What JSW Infrastructure Ltd's management said in earlier quarters

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