JSW Infrast (JSWINFRA)
Fast GrowerFairStock Score: 70/100 — STEADY
Score breakdown: P/E: 0/3 · ROCE: 1/2 · Growth: 1/2 · Dividend: 0/1
Key Financials
| Current Price | ₹339.15 |
| Market Cap | ₹78,518.71 Cr |
| P/E Ratio | 47.83 |
| ROCE | 13.92% |
| ROE | 16.65% |
| Dividend Yield | 0.26% |
| Profit Growth | 3.04% |
| Debt/Equity | 0.59 |
| Sales Growth | 2.75% |
| Free Cash Flow | ₹409 Cr |
| Promoter Holding | 83.61% |
| 52-Week Range | ₹233.42 — ₹355.65 |
| Sector | Transport Infrastructure |
| Book Value | ₹52.17 |
Strengths
- Promoter holding of 83.61% aligns ownership with minority shareholders
- Strong growth track record: 5-year revenue CAGR of 22.78% and profit growth of 21.96%
- Healthy financial position: ROE 16.65%, ROCE 13.92%, debt/equity 0.52, F-Score 8/9, Altman Z 3.27
- Positive free cash flow of ₹409 Cr and latest quarterly profit of ₹365 Cr
Concerns
- Expensive valuation: P/E 33.02, P/B 5.95, EV/EBITDA 100.76
- DCF intrinsic value of ₹38.10 is far below the current price of ₹274.60
- Free cash flow of ₹409 Cr is less than 1% of market cap, offering a thin cash yield
- Dividend yield of only 0.31% means shareholders are not paid to wait
AI Analysis
JSW Infrast is a well-run, growing ports business—the kind of asset I can respect. Five-year revenue CAGR of 22.78%, latest quarter sales of ₹1,350 Cr and net profit of ₹365 Cr show momentum. Returns are decent: ROE 16.65%, ROCE 13.92%. The balance sheet is manageable with debt/equity of 0.52, and an F-score of 8/9 plus Altman Z of 3.27 tell me bankruptcy risk is low. Promoter holding of 83.61% also aligns ownership with minority shareholders. So why am I not eager? Because value is not determined by quality alone. At ₹274.60, I am paying ₹53,508 Cr for the company, or 33.02 times earnings and 5.95 times book. That is not a bargain for a capital-intensive port operator. Free cash flow of ₹409 Cr is less than 1% of market cap. The EV/EBITDA of 100.76 is a red flag. The DCF value of ₹38.10 is dramatically below the market price. Yes, the Graham Number calculates to ₹304.78 and gives a 16.4% margin of safety on that formula, but two different value probes are telling me different stories, and I only invest when the price gives me real protection. With a dividend yield of 0.31%, I am not being paid to wait. This is a fine company and a fast grower, but at this price Mr. Market is pricing in perfection. I will keep it on my watchlist and wait for a gap between price and intrinsic value.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer