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JSW Infra Shares Today: JSW Infrastructure Ltd. (JSWIL) shares moved higher on Wednesday after a domestic brokerage initiated coverage with a ‘Buy’ rating and a target price of Rs 400 a share, signalling about 24 per cent potential upside from the current level of roughly Rs 328. The brokerage cited JSWIL’s expanding port network, growing share of third-party cargo and push into integrated logistics as key drivers of “multi-year visibility”.

JSW Infra shares closed 0.8 per cent higher at Rs 328.8 apiece on Wednesday. At the current level, the largecap stock has gained 24.5 per cent in six months. 

JSWIL, the country’s second-largest private port operator, has grown installed capacity at an 8 per cent CAGR between FY21 and FY25 and handled cargo volumes at a 21 per cent CAGR over the same period. It plans to lift port capacity to 292 million tonnes per annum (MTPA) by FY28E and 406 MTPA by FY30E through new greenfield ports, brownfield expansion, new terminals and connectivity projects funded by Rs 39,000 crore of capital spending.

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As part of the JSW Group, the company benefits from steady volumes — especially from JSW Steel, which contributes more than 40 per cent of consolidated revenue. With JSW Steel’s capacity set to rise from 34.2 MTPA now to 42 MTPA by September 2027 and 50 MTPA by FY31, JSWIL expects sustained cargo growth.

At the same time, third-party business has grown sharply: by FY25, it made up 49 per cent of volume and 61 per cent of value, up from 25 per cent and 43 per cent respectively in FY21.

JSWIL is investing beyond ports to build an end-to-end logistics network. It has bought majority stakes in Navkar and the Gati Shakti Multi-Modal Cargo Terminal near Chennai. By FY2030, it plans to deploy Rs 9,000 crore across container terminals, liquid storage, container freight stations, multi-modal logistics parks and inland depots.

The brokerage valued JSWIL at 25x FY28E EV/EBITDA, citing its balanced cargo base, aggressive capacity addition and logistics foray as reasons for the positive stance.

FAQs

1) What is JSW Infrastructure’s current share price?

 Around Rs 328 a share.

2) What target has the brokerage set?

Rs 400 a share, implying 24 per cent upside.

3) How much port capacity does JSWIL have now and what is the plan?

Current capacity is 177 MTPA, with a goal of 406 MTPA by FY30E.

4) Which new segments is JSWIL entering?

Container terminals, container freight stations, multi-modal logistics parks and inland depots.

5) What drives JSWIL’s growth?

Stable volumes from JSW Group companies plus rising third-party business and large logistics investments.

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Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.