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JSW Infrastructure Limited (JSWINFRA) Fair Value & Analysis

Industrials · IN · Market cap ₹764B

JI JSW Infrastructure Limited JSWINFRA · NSE
Price₹335.75
Fair Value₹126.31
Upside-62.4%
Quality42/100
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Expensive Growth
Highly profitable · 28.4% net margin
Moderate debt · negative free cash flow
0.28% dividend yield
Trails peers (5/13)
Wide moat 73/100
Evidence: High Range ₹89.78 – ₹191.60 Share as image

Fair value as of: Jul 12, 2026

From 16 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ₹140.36 to ₹126.31 (−10.0%) since Jun 24, 2026. Share price +6.8% over the past month.

Below-average quality, and screening another 62% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹191.60). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (₹89.78 to ₹191.60) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

₹354.09 ₹156.17 Fair Value ₹126.31 Oct 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

34‑month range ₹156.17 – ₹354.09 · fair‑value band ₹89.78 – ₹191.60 · the ₹335.75 price screens above the ₹126.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

JSW Infrastructure Limited (JSWINFRA) currently trades at ₹335.75, while our model-based Fair Value estimate is ₹126.31, implying the stock looks roughly 62.4% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, JSW Infrastructure Limited generated revenue of ₹53.6B at a net margin of 28.4%. Revenue grew 17.9% year over year. It earns a return on equity of 14.0%. Net debt stands at ₹45.8B. Fundamentals as of Jul 12, 2026

Our scenario range runs from ₹89.78 (bear case) to ₹191.60 (bull case); at ₹335.75, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 4% below its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 69% fair-value upside, at -62%, JSWINFRA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income ₹46.53 ₹62.68 ₹203.68 76
ROIC Compounder ₹65.82 ₹102.29 ₹136.03 72
Gordon GGM ₹6.98 ₹15.24 ₹25.64 70
All 16 models by family
Earnings-Based
Graham-Dodd ₹44.74 ₹312.02 ₹437.88 54
Lynch FV ₹103.17 ₹147.39 ₹191.60 50
PEG = 1.0 ₹103.17 ₹147.39 ₹191.60 46
EPV ₹56.16 ₹68.84 ₹80.12 59
Dividend Discount
Gordon GGM ₹6.98 ₹15.24 ₹25.64 70
DDM Multi-Stage ₹6.98 ₹12.48 ₹15.88 61
Multiples
P/E Multiple ₹103.63 ₹138.17 ₹172.72 63
P/S Multiple ₹34.74 ₹46.32 ₹57.89 58
P/B Multiple ₹83.89 ₹111.86 ₹139.82 55
EV/EBIT ₹93.87 ₹130.40 ₹166.92 53
EV/EBITDA ₹93.96 ₹130.51 ₹167.06 54
EV/Revenue ₹13.48 ₹25.99 ₹38.49 43
Asset-Based
NCAV (Graham) ₹23.49 ₹31.48 ₹46.98 50
Economic Profit
Residual Income ₹46.53 ₹62.68 ₹203.68 76
ROIC Compounder ₹65.82 ₹102.29 ₹136.03 72
Growth Earnings
Growth-Adj P/E ₹136.49 ₹194.99 ₹253.49 68

Widest divergence: Growth Earnings (₹194.99) versus Dividend Discount (₹12.48). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) ₹53.7B
Revenue growth (YoY) +18.4%
Net margin 28.4%
Return on equity 14.0%
Free cash flow −₹5.1B FY2026
P/E ratio 44.4
More key figures
Operating margin 40.6%
EPS (TTM) ₹7.43
Dividend yield 0.3%
EPS growth (YoY) -18.0%
Net debt ₹45.8B FY2026

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 44 · Market factors (momentum, volatility) 69

Profitability 48
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 61
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

JSW Infrastructure Limited, an infrastructure development company, operates commercial ports in India and internationally. It operates in two segments, Port Operations and Logistic Operation.

Full company description

JSW Infrastructure Limited, an infrastructure development company, operates commercial ports in India and internationally. It operates in two segments, Port Operations and Logistic Operation. The company's activities include developing, operating, and maintaining port services; ports related infrastructure development activities; and developing infrastructure projects. It also provides maritime related services, including cargo handling, storage, logistics, and other value-added services. In addition, the company develops and operates ports and port terminals. JSW Infrastructure Limited was formerly known as JSW Infrastructure & Logistics Limited and changed its name to JSW Infrastructure Limited in March 2008. The company was founded in 1999 and is based in Mumbai, India. JSW Infrastructure Limited is a subsidiary of Sajjan Jindal Family Trust.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

JSW Infrastructure Limited reported revenue of ₹53.6B in FY2026 versus ₹22.5B in FY2022, a compound +24.3%/yr. Reported net income was ₹15.2B in FY2026, compounding +46.8%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹53.6B
Latest YoY
+19.9%
Avg. growth/yr (3Y)
+19.3%
Avg. growth/yr (5Y)
+27.7%
Avg. growth/yr (12Y)
+22.0%
Revenue +24.3%/yr
FY22 ₹22.5B
FY23 ₹31.6B
FY24 ₹37.6B
FY25 ₹44.7B
FY26 ₹53.6B
Net income +46.8%/yr
FY22 ₹3.3B
FY23 ₹7.4B
FY24 ₹11.6B
FY25 ₹15.0B
FY26 ₹15.2B

JSWINFRA screens 62% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

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Cite: Fair Value Calculator (2026). "JSW Infrastructure Limited Fair Value". https://www.fairvalue-calculator.com/stock/JSWINFRA

Peer Group

Marine Shipping · 231 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 42 · Bottom 25%
Fair Value upside −62% · Bottom 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 28% · Top 25%
Operating margin (TTM) 41% · Top 25%
Revenue growth 18% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.55× · Higher than median

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 44.4× · Pricier than 75% of peers
P/B 7.02× · Pricier than 75% of peers
P/S (TTM) 14.24× · Pricier than 75% of peers
EV/EBITDA 31.1× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 29
FUTURE 92 · sector 18
PAST 56 · sector 27
HEALTH 73 · sector 88
DIVIDEND 6 · sector 47

VALUE 0: the price sits above our fair-value range.

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥13.98 ¥40.37 +189%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.35 ¥5.58 +67%
Qingdao Port International Co 601298 ¥8.88 ¥15.97 +80%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%
Yang Ming Marine Transport Corporation 2609 50.10 TWD 96.14 TWD +92%

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Frequently asked questions

Is JSW Infrastructure Limited (JSWINFRA) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ₹126.31 versus a price of ₹335.75, about −62% (overvalued).
What is the fair value of JSWINFRA?
Our model-based fair value for JSW Infrastructure Limited is ₹126.31 (as of Jul 12, 2026), built from audited fundamentals. The current price is ₹335.75.
What is the quality score of JSWINFRA?
JSW Infrastructure Limited has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of JSW Infrastructure Limited (JSWINFRA)?
JSW Infrastructure Limited reported trailing-twelve-month revenue of about ₹53.6B (latest available figure, as of Jul 12, 2026).
What is the net profit margin of JSWINFRA?
The net profit margin of JSW Infrastructure Limited is about 28.4%, meaning it keeps roughly 28.4% of revenue as net income. Based on the latest reported figures.
Does JSW Infrastructure Limited pay a dividend?
JSW Infrastructure Limited currently shows a dividend yield of about 0.33% relative to its recent price (as of Jul 12, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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