Operates commercial ports and an expanding logistics platform, primarily serving JSW Group's steel operations and other industrial cargo customers. Port Operation generated ₹4,646.91 crore in FY26 (86.7% of segment revenue) and Logistics Operation added ₹714.53 crore (13.3%); the Port segment is the more profitable, with EBIT of ₹1,978.35 crore against ₹82.55 crore at Logistics. Other operating expenses are the largest cost line at 47% of revenue, followed by depreciation at 11.5%, with capex at 46.5% reflecting the asset-heavy nature of port infrastructure. Related-party sales to the JSW Group accounted for 38.17% of total revenue. The company employs 940 permanent staff and 5,635 workers. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Port Operation (87%), Logistics Operation (13%). Asset-heavy port and logistics infrastructure, exposed to industrial cargo cycles
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 3,763 | 4,476 | 5,361 |
| EBITDA (ex other income) | 1,965 | 2,262 | 2,524 |
| margin % | 52.2 | 50.5 | 47.1 |
| Owners' profit | 1,156 | 1,503 | 1,523 |
| EPS, as reported (₹) | 6.01 | 7.27 | 7.32 |
| ROE % · ROCE % | 14.1 · 13.7 | 14.5 · 13.3 | 13.2 · 12.3 |
| Debt / equity (x) | 0.53 | 0.44 | 0.55 |
| Cash from operations | 1,803 | 2,100 | 2,022 |
| Capex | (249) | (2,076) | (2,492) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,001 | 1,182 | 1,283 | 1,224 | 1,266 | 1,350 | 1,522 | 1,445 |
| Profit before tax | 554 | 276 | 581 | 473 | 463 | 439 | 498 | 463 |
| Net profit | 374 | 336 | 516 | 390 | 369 | 365 | 424 | 358 |
| EPS (₹) | 1.80 | 1.59 | 2.46 | 1.85 | 1.74 | 1.72 | 2.01 | 1.65 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Port Operation | 4,647 | 86.7 |
| Logistic Operation | 366 | 6.8 |
| Logistics Operation | 349 | 6.5 |
| Total, before eliminations | 5,361 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ADANI PORT & SEZ LTD | 4,06,555 | 30.1 | 4.11 | 18.4 | 12.9 | 8.6 | 25.3 | 68.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · JSW Infra subsidiary gets LOI for Inland Container Depot in Ballari, Karnataka | capex operations | high | — | — |
| 10 Sept 2026 · JSW Infra completes NCR Rail acquisition via IBC resolution plan | strategic transactions | high | — | — |
| 9 Sept 2026 · JSW Infra to attend three investor conferences in September 2026 | general | medium | — | — |
| 31 Aug 2026 · Director Lalit Singhvi steps down from advisory role, continues on board | management changes | medium | — | — |
| 27 Aug 2026 · JSW Infrastructure to attend Elara India Dialogue 2026 on Sept 2 | board shareholder meetings | low | — | — |
| 22 Aug 2026 · JSW Infra signs SPA to acquire 100% stake in JSW Overseas FZE | strategic transactions | high | — | — |
| 21 Aug 2026 · Fitch affirms JSW Infra BBB- rating with Stable Outlook | business updates | medium | — | — |
| 13 Aug 2026 · JSW Infrastructure 20th AGM: Re 0.90 dividend, 9 resolutions transacted | board shareholder meetings | medium | — | — |
| 13 Aug 2026 · JSW Infra 20th AGM held via video conferencing, 9 items transacted | board shareholder meetings | low | — | — |
| 12 Aug 2026 · JSW Infra signs port concession agreement for Kolkata container terminal | business updates | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| JSW INFRASTRUCTURE LTD ◆ |
| 79,812 |
| 48.2 |
| 6.83 |
| 29.8 |
| 13.2 |
| 10.2 |
| — |
| 50.6 |
| GUJARAT PIPAVAV PORT LTD | 7,780 | 13.9 | 3.26 | 9.7 | 21.6 | 25.6 | 9.6 | 69.2 |
| ALLCARGO TERMINALS LTD | 659 | 16.3 | 1.87 | 3.8 | 12.5 | 4.3 | — | 23.1 |
| Starlog Enterprises Limited | 59 | 5.0 | 0.87 | — | (19.9) | (13.0) | (43.5) | 18.8 |
| VMS INDUSTRIES LTD. | 46 | 11.3 | 0.81 | — | 1.8 | 2.2 | — | 2.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 48.2 | 16.3 | 9 of 11 | 20% |
| P/B | 6.8 | 1.8 | 11 of 11 | 0% |
| ROCE | 10.2 | 8.1 | 5 of 15 | 71% |
| ROE | 13.2 | 1.8 | 3 of 15 | 86% |
| Debt / Equity | 0.6 | 0.0 | 11 of 15 | 29% |
| EBITDA margin | 50.6 | 39.5 | 6 of 15 | 64% |
| Revenue growth | 18.1 | 13.2 | 5 of 12 | 64% |
| Profit growth | (8.2) | 10.2 | 8 of 13 | 42% |
| Market cap | 79812 | 350 | 3 of 15 | 86% |
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| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
