āagman

Not investment advice. Data and computed figures, for information only.

JSW Infrastructure Ltd

NSE: JSWINFRA
₹334.65
−₹7.15 (−2.09%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹78,929 Cr
CMP
₹334.65
52-wk High / Low
₹376 / 233
P/E
50.9
P/B
6.5
Book Value
₹51.8
Div Yield
0.27%
ROCE
14.0%
ROE
15.3%
Face Value
₹2
D/E
0.63

Price+9.0% over 1Y

āagman read

Computed by āagman
Derived from 10 years and 14 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹92
√(22.5 × EPS × book value per share)
ROIC
9.2%
vs 9.3% sector median
Cash flow to profit
1.31
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−82
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
13.2%
ROE × earnings retention ratio
ROE stability
2.8
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −9.68FII +4.29DII +6.76
Latest quarter vs the previous one
Cash-accrual divergence
−2.6%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.1x)
Watch-outs
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8788489401,0961,0101,0011,1821,2831,2241,2661,3501,5221,445
Expenses427396460515495481596642643656706753771
Operating Profit451452480581515521586641581610644769674
OPM %51.4%53.3%51.1%53.0%51.0%52.0%49.6%50.0%47.5%48.2%47.7%50.5%46.6%
Other Income4047781049487838990107521757
Interest−167114313482−8025685510593130102
Depreciation95101108134135134138140143149164158166
Profit before tax412328307417392554276581473463439498463
Net Profit322256254329297374336516390369365424358
EPS (₹)1.721.211.191.571.391.771.572.431.831.721.711.991.49

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 10 years + TTM
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8889981,0801,1431,6042,2733,1953,7634,4765,3615,582
Expenses3774105505247871,1641,5721,7952,2142,7572,886
Operating Profit5115885306198161,1091,6231,9682,2622,6042,696
OPM %57.5%58.9%49.1%54.2%50.9%48.8%50.8%52.3%50.5%48.6%48.3%
Other Income57771019475106176266353266233
Interest90130177277228420596332266383430
Depreciation82157171202271370391436547614636
Profit before tax3963772842343934268111,4651,8031,8731,863
Net Profit3102812721972853307501,1611,5211,5471,515
EPS (₹)54.6044.0943.9331.3748.0054.023.975.507.167.256.91

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital566060606060360410415417—
Reserves1,7982,5532,8272,4882,8313,2123,6357,6169,28210,460—
Borrowings1,5991,7322,0513,1033,9464,7404,5684,7585,0426,899—
Other Liabilities6288407621,0851,2861,1657509092,0682,439—
Total Liabilities4,0825,1855,7016,7368,1239,1779,31213,69416,80720,215—
Fixed Assets2,7303,1863,2563,9484,9246,1345,9757,7579,52310,527—
CWIP3806338627521,12580461322,0203,188—
Investments952823037629628330724418325—
Other Assets8771,3381,3521,6601,7792,6812,9855,5605,0816,474—
Total Assets4,0825,1855,7016,7368,1239,1779,31213,69416,80720,215—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity6166003282599901,1761,7971,8032,1002,022
Cash from Investing Activity−1,052−1,098−495−378−1,637−801−883−4,202−1,691−2,062
Cash from Financing Activity3875401402266413−8252,504−521227
Net Cash Flow−4941−27107−637790105−112186

Ratios

As of 31 Mar 2026
10 periods
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—12.09.09.010.011.017.016.014.014.0
ROE %—————————15.3
EPS (₹)54.6044.0943.9331.3748.0054.023.975.507.167.25
Book Value (₹)—————————51.8
Face Value (₹)—————————2
P/E—————————50.9
Div Yield %—————————0.27
NPM %32.826.123.015.917.013.922.228.831.527.5
OPM %58.059.049.054.051.049.051.052.051.049.0
D/E0.860.660.711.221.361.451.140.590.520.63
P/B—————————6.5

Growth

As of 11 Oct 2026
Compounded sales growth
5 years+27.0%
3 years+19.0%
TTM+19.0%
Compounded profit growth
5 years+40.0%
3 years+29.0%
TTM−3.0%
Stock price CAGR
3 years+25.0%
Last year+10.0%
Return on equity
10 years15.0%
5 years16.0%
3 years16.0%
Last year15.0%

Shareholding pattern

As of 30 Jun 2024
Sep 2023Dec 2023Mar 2024Jun 2024
Promoters85.61%85.61%83.61%73.93%
FIIs2.34%4.75%6.92%11.21%
DIIs3.59%2.69%2.43%9.19%
Government————
Public6.14%5.67%6.33%5.39%
No. of shareholders3,74,7214,38,0444,60,2564,30,425
Change since Sep 2023 (pp)
Promoters −11.68FIIs +8.87DIIs +5.60Public −0.75

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Credit RatingClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Credit RatingAnnouncement under Regulation 30 (LODR)-Credit Rating
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJul 2026PPTMay 2026TranscriptMay 2026PPTMay 2026RecordingMay 2026PPTFeb 2026PPT

Corporate actions

As of 18 Jun 2026
18 Jun 2026DIVIDENDDividend - Re 0.90 Per Share—
1 Jul 2025DIVIDENDDividend - Re 0.80 Per Share—
19 Jul 2024DIVIDENDDividend - Re 0.55 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman