View ValuationJSW Infrastructure 향후 성장Future 기준 점검 5/6JSW Infrastructure (는) 각각 연간 20.5% 및 27.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 22.1% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 15.7% 로 예상됩니다.핵심 정보20.5%이익 성장률22.14%EPS 성장률Infrastructure 이익 성장11.0%매출 성장률27.1%향후 자기자본이익률15.70%애널리스트 커버리지Good마지막 업데이트08 Jul 2026최근 향후 성장 업데이트공시 • Jan 16Jsw Infrastructure Limited Provides Consolidated Earning Guidance for the Fiscal Year 2026JSW Infrastructure Limited provided consolidated earning guidance for the fiscal year 2026. For the period, the company is targeting consolidated operating revenue of INR 540 billion.모든 업데이트 보기Recent updates공시 • Jun 27JSW Infrastructure Limited has completed a Follow-on Equity Offering in the amount of INR 75.026942 billion.JSW Infrastructure Limited has completed a Follow-on Equity Offering in the amount of INR 75.026942 billion. Security Name: Equity Shares Security Type: Common Stock Securities Offered: 263,252,427 Price\Range: INR 285 Transaction Features: Regulation S; Subsequent Direct Listing공시 • Jun 24JSW Infrastructure Limited has filed a Follow-on Equity Offering.JSW Infrastructure Limited has filed a Follow-on Equity Offering. Security Name: Equity Shares Security Type: Common Stock Securities Offered: 263,252,427 Price(minimum): INR 290.35 Transaction Features: Regulation S; Subsequent Direct ListingDeclared Dividend • Jun 17Dividend increased to ₹0.90Dividend of ₹0.90 is 13% higher than last year. Ex-date: 18th June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 0.5%. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 28% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Jun 16JSW Infrastructure Limited announces Annual dividendJSW Infrastructure Limited announced Annual dividend of INR 0.9000 per share, ex-date on June 18, 2026 and record date on June 18, 2026.Reported Earnings • May 09Full year 2026 earnings: Revenues and EPS in line with analyst expectationsFull year 2026 results: EPS: ₹7.32 (up from ₹7.27 in FY 2025). Revenue: ₹57.1b (up 27% from FY 2025). Net income: ₹15.2b (up 1.3% from FY 2025). Profit margin: 27% (down from 34% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Infrastructure industry in Asia.공시 • May 02JSW Infrastructure Limited to Report Q4, 2026 Results on May 08, 2026JSW Infrastructure Limited announced that they will report Q4, 2026 results on May 08, 2026Reported Earnings • Jan 17Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2026 results: EPS: ₹1.72 (up from ₹1.59 in 3Q 2025). Revenue: ₹14.1b (up 19% from 3Q 2025). Net income: ₹3.59b (up 8.9% from 3Q 2025). Profit margin: 26% (down from 28% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Infrastructure industry in Asia.공시 • Jan 16Jsw Infrastructure Limited Provides Consolidated Earning Guidance for the Fiscal Year 2026JSW Infrastructure Limited provided consolidated earning guidance for the fiscal year 2026. For the period, the company is targeting consolidated operating revenue of INR 540 billion.공시 • Jan 09JSW Infrastructure Limited to Report Q3, 2026 Results on Jan 16, 2026JSW Infrastructure Limited announced that they will report Q3, 2026 results on Jan 16, 2026New Risk • Nov 01New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 119% Dividend yield: 0.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • Oct 17Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: ₹1.74 (down from ₹1.80 in 2Q 2025). Revenue: ₹12.7b (up 26% from 2Q 2025). Net income: ₹3.61b (down 2.8% from 2Q 2025). Profit margin: 28% (down from 37% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Infrastructure industry in Asia.공시 • Oct 09JSW Infrastructure Limited to Report Q2, 2026 Results on Oct 16, 2025JSW Infrastructure Limited announced that they will report Q2, 2026 results on Oct 16, 2025공시 • Jul 14JSW Infrastructure Limited to Report Q1, 2026 Results on Jul 22, 2025JSW Infrastructure Limited announced that they will report Q1, 2026 results on Jul 22, 2025Reported Earnings • Jun 25Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ₹7.27 (up from ₹6.02 in FY 2024). Revenue: ₹44.8b (up 19% from FY 2024). Net income: ₹15.0b (up 30% from FY 2024). Profit margin: 34% (up from 31% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Infrastructure industry in Asia.공시 • Jun 19JSW Infrastructure Limited, Annual General Meeting, Jul 15, 2025JSW Infrastructure Limited, Annual General Meeting, Jul 15, 2025.공시 • May 17Sajjan Jindal Family Trust Reportedly Plans INR 12,000 Million Stake Sale in JSW Infrastructure to Meet Minimum Public Shareholding NormsSajjan Jindal Family Trust is reportedly planning to sell shares worth up to INR 12,000 million in JSW Infrastructure Limited (NSEI:JSWINFRA) through a block deal, ET Now reported. The floor price for the offer has been set at INR 288 per share, with up to 42 million shares on offer. As per the latest exchange data, the Trust currently holds a majority 80.72% stake in the company. The total promoter holding stands at 85.62%.Earlier in a regulatory disclosure, JSW Infrastructure confirmed that the Sajjan Jindal Family Trust, through its trustees Sajjan Jindal and Sangita Jindal, intends to divest up to 2% of its stake in one or more tranches. The sale is aimed at helping the company meet SEBI's minimum public shareholding (MPS) requirement. The proposed divestment will take place through the open market between May 13, 2025, and March 31, 2026, or until the target is achieved, whichever is earlier. JSW Infrastructure, which debuted on the stock exchanges on October 3, 2023, has seen its share price rise by 18% over the past year. As per SEBI norms, all listed companies are required to maintain at least 25% public shareholding within a specified time frame post-listing. Newly listed entities are generally given a three-year window to comply.New Risk • May 16New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Dividend per share is over 6x cash flows per share. Dividend yield: 0.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • May 01Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ₹7.27 (up from ₹6.02 in FY 2024). Revenue: ₹48.3b (up 28% from FY 2024). Net income: ₹15.0b (up 30% from FY 2024). Profit margin: 31% (in line with FY 2024). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Infrastructure industry in Asia.공시 • Apr 30+ 1 more updateJSW Infrastructure Limited Appoints Padmini Kant Mishra as Executive Vice President - Terminals, with Effect from April 30, 2025The board of directors of JSW Infrastructure Limited at its meeting held on April 30, 2025, Based on the recommendation of the Nomination & Remuneration Committee, the Board has approved the appointment of Mr. Padmini Kant Mishra as Executive Vice President - Terminals designated as Senior Management Personnel of the Company with effect from April 30, 2025. Key qualifications: Mr. Padmini Kant Mishra has completed his BSc in Nautical Sciences & Executive Post Graduate Program in Management from Indian Institute of Management, Bangalore. He also holds a Certificate of Competency as Master of a Foreign Going Ship. Broad experience: Mr. Mishra brings over 28+ years of diverse experience in P&L Management, General Management, Strategy Formulation & Execution, Financial & Commercial Management, Business Development, Project Management, Logistics and Operations Management in domestic & international settings in Ports, Shipping and Logistics Industry.공시 • Apr 22JSW Infrastructure Limited to Report Fiscal Year 2025 Results on Apr 30, 2025JSW Infrastructure Limited announced that they will report fiscal year 2025 results on Apr 30, 2025Board Change • Apr 10High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Anita Belani was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Mar 27JSW Infrastructure Limited (NSEI:JSWINFRA) acquired the Under Development Slurry Pipeline Project from Jsw Utkal Steel Limited for INR 16 billionJSW Infrastructure Limited (NSEI:JSWINFRA) agreed to acquire Under Development Slurry Pipeline Project from Jsw Utkal Steel Limited for INR 17 billion on July 19, 2024. A cash consideration of INR 17 billion will be paid by JSW Infrastructure Limited. As part of consideration, INR 17 billion is paid towards assets of Under Development Slurry Pipeline Project. RBSA Capital Advisors LLP acted as financial advisor to JSW Utkal Steel Limited. JSW Infrastructure Limited (NSEI:JSWINFRA) completed the acquisition of Under Development Slurry Pipeline Project from Jsw Utkal Steel Limited for INR 16 billion on March 25, 2025. Further, the JSW Infrastructure Limited also entered into a long term take or pay agreement on the same date with JSW Steel Limited for the transportation of iron ore slurry from Nuagaon mines to Jagatsinghpur for a period of 20 years by the JSW Infrastructure Limited.공시 • Mar 26JSW Infrastructure Limited Approves the Retirement of Gerard Earnest Paul Da Cunha as an Independent Director, Effective March 27, 2025JSW Infrastructure Limited approved the retirement of Mr. Gerard Earnest Paul Da Cunha (DIN: 00406461) as an Independent Director with effect from close of business hours on March 27, 2025 on account of completion of his term as an Independent Director, at its Board of Directors meeting held on March 26, 2025.Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹313, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 15x in the Infrastructure industry in Asia. Total returns to shareholders of 31% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₹164 per share.Reported Earnings • Jan 30Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: ₹1.59 (up from ₹1.20 in 3Q 2024). Revenue: ₹11.8b (up 26% from 3Q 2024). Net income: ₹3.30b (up 32% from 3Q 2024). Profit margin: 28% (up from 27% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 4.8%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Infrastructure industry in Asia.공시 • Jan 29Adani & JSW Among Big Names Reportedly Lining Up for ArshiyaA diverse group of companies including Adani Ports and Special Economic Zone Limited (NSEI:ADANIPORTS), JSW Infrastructure Limited (NSEI:JSWINFRA), Embassy Industrial Parks Private Limited (Horizon Industrial Parks) and Transindia Real Estate Limited (NSEI:TREL) have shown interest in acquiring listed supply chain and logistics infrastructure firm Arshiya Limited (BSE:506074), which is undergoing a corporate insolvency resolution process. Investors such as Authum Investment & Infrastructure Limited (BSE:539177), Dickey Alternative Investment Trust and Finquest Financial Solutions Private Limited have also evinced interest in the company, said a person aware of the development. The company’s resolution professional Pankaj Mahajan declined to comment, citing confidentiality due to the ongoing corporate insolvency resolution process. Emailed queries to Adani Ports and Special Economic Zone, JSW Infrastructure, Horizon Industrial Parks and Transindia Real Estate remained answered until press time. Authum Investment & Infrastructure Ltd, Dickey Alternative Investment Trust and Finquest Financial Solutions Pvt Ltd. did not respond to ET’s query either.Board Change • Dec 19High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non- Executive Director Anoop Mittal was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 29Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: ₹1.80 (up from ₹1.41 in 2Q 2024). Revenue: ₹10.9b (up 28% from 2Q 2024). Net income: ₹3.72b (up 46% from 2Q 2024). Profit margin: 34% (up from 30% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 37%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Infrastructure industry in Asia.공시 • Oct 17JSW Infrastructure Limited to Report Q2, 2025 Results on Oct 28, 2024JSW Infrastructure Limited announced that they will report Q2, 2025 results on Oct 28, 2024공시 • Oct 09+ 1 more updateJSW Infrastructure Limited Announces Resignation of Arun Maheshwari as Chief Executive Officer, Effective from November 7, 2024JSW Infrastructure Limited announced that Mr. Arun Maheshwari has step down from the position of Chief Executive Officer and consequently as a Key Managerial Personnel of the Company, however he will continue to serve as a Non-Executive Director on the Board of the Company. This decision comes as he will be moving to a new role within the JSW group. Mr. Arun Maheshwari will continue to serve in his current position in above companies till November 7, 2024 to support an orderly transition.공시 • Aug 01JSW Infrastructure Limited Appoints Rinkesh Roy as Senior Management PersonnelOn basis of recommendation of the Nomination and Remuneration Committee, the Board of Directors JSW Infrastructure Limited in its meeting held on August 01, 2024 has approved the appointment of Mr. Rinkesh Roy as President, has been designated as Senior Management Personnel of the Company with effect from August 01, 2024. Date of appointment: August 01, 2024. Terms of appointment: Full-Time Employment. Key qualifications: Mr. Rinkesh Roy holds Master's Degree in public Management from National University of Singapore & Kennedy School of Government, Harvard University. Broad experience: Mr. Roy aged 54 years, and ex. Civil Servant. He was previously associated with Govt. of India since 1992 and has an experience spanning over 30 years in Railway operation, Shipping, Ports and Logistics. He was awarded the Minister of Railway Award for "Outstanding Service" in 2003 and General Manager award for "Meritorious service" in 2005. During this stint he also held position of Chairman for the major ports like Vishakhapatnam, Tuticorin and Kamrajar for various duration and was also the Chairman of Dredging Corporation of India. He also participated in an UNCTAD course in Dublin, Ireland and was part of several high level delegations to the UK, Spain, Denmark, south Korea and Russia. He also participated in Programme on Strengthening of Freight Transport Capacity Railways in Japan, 2007 and on Railways Management in Japan, 2010.공시 • Jul 12JSW Infrastructure Limited to Report Q1, 2025 Results on Jul 18, 2024JSW Infrastructure Limited announced that they will report Q1, 2025 results on Jul 18, 2024Reported Earnings • Jul 08Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₹6.02 (up from ₹4.12 in FY 2023). Revenue: ₹38.0b (up 18% from FY 2023). Net income: ₹11.6b (up 56% from FY 2023). Profit margin: 30% (up from 23% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Infrastructure industry in Asia.공시 • Jul 06+ 3 more updatesJSW Infrastructure Limited to Report Q2, 2025 Results on Nov 14, 2024JSW Infrastructure Limited announced that they will report Q2, 2025 results on Nov 14, 2024공시 • Jun 29JSW Infrastructure Limited, Annual General Meeting, Jul 29, 2024JSW Infrastructure Limited, Annual General Meeting, Jul 29, 2024, at 11:00 Indian Standard Time.Reported Earnings • May 04Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₹6.01 (up from ₹4.12 in FY 2023). Revenue: ₹40.3b (up 26% from FY 2023). Net income: ₹11.6b (up 56% from FY 2023). Profit margin: 29% (up from 23% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Infrastructure industry in Asia.공시 • Apr 28JSW Infrastructure Limited to Report Q4, 2024 Results on May 03, 2024JSW Infrastructure Limited announced that they will report Q4, 2024 results on May 03, 2024Reported Earnings • Feb 05Third quarter 2024 earnings released: EPS: ₹1.20 (vs ₹0.51 in 3Q 2023)Third quarter 2024 results: EPS: ₹1.20. Revenue: ₹9.40b (up 18% from 3Q 2023). Net income: ₹2.51b (down 6.1% from 3Q 2023). Profit margin: 27% (down from 34% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Infrastructure industry in Asia.공시 • Jan 25JSW Infrastructure Limited to Report Q3, 2024 Results on Feb 02, 2024JSW Infrastructure Limited announced that they will report Q3, 2024 results on Feb 02, 2024Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹203, the stock trades at a trailing P/E ratio of 41.7x. Average forward P/E is 13x in the Infrastructure industry in India.Reported Earnings • Nov 05Second quarter 2024 earnings releasedSecond quarter 2024 results: EPS: ₹1.41. Revenue: ₹8.48b (up 29% from 2Q 2023). Net income: ₹2.54b (up ₹2.23b from 2Q 2023). Profit margin: 30% (up from 4.7% in 2Q 2023). The increase in margin was primarily driven by higher revenue.공시 • Oct 29JSW Infrastructure Limited to Report Q2, 2023 Results on Nov 03, 2023JSW Infrastructure Limited announced that they will report Q2, 2023 results on Nov 03, 2023공시 • Oct 26JSW Infra Reportedly in Talks to Buy Gopalpur PortsJSW Infrastructure Limited (NSEI:JSWINFRA) is in talks to buy Shapoorji Pallonji's (SP) ports arm, Gopalpur Ports Limited, at an estimated enterprise value of INR 30,000 million that includes the company's debt, according to people familiar with the matter. The unit is being divested as part of commitments that SP's promoters, the Mistry family, have made to financiers in loan covenants entered into with them, according to the sources. As per the covenants, SP Group has committed to divest the unit by March 31 next year. JSW Infrastructure, whose shares were listed on bourses earlier this month, sees Odisha-based Gopalpur Ports as a strategic fit that will complement its steel-making operations. Gopalpur Ports operates an all-weather deep-draft port in Gopalpur town of Odisha, which is strategically located between the well-known Paradip and Vizag ports on the eastern coast of India. It specialises in handling iron ore cargo, a key raw material in JSW's steel business. Talks may not necessarily result in a deal, the sources cited earlier cautioned. A senior JSW official declined to comment when contacted. Shapoorji Pallonji had not responded to ET's queries until the publication of this report.이익 및 매출 성장 예측BSE:543994 - 애널리스트 향후 추정치 및 과거 재무 데이터 (INR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/2029134,44728,623-21,44953,80383/31/202899,61623,988-51,44637,459173/31/202766,18715,758-49,60128,171173/31/202653,67315,233-4,70120,215N/A12/31/202551,29916,144N/AN/AN/A9/30/202549,62115,8511,39527,336N/A6/30/202546,97815,953N/AN/AN/A3/31/202544,83715,03124921,004N/A12/31/202442,97613,237N/AN/AN/A9/30/202440,55912,44612,28317,502N/A6/30/202439,02811,275N/AN/AN/A3/31/202437,71211,55915,54518,032N/A12/31/202335,90111,264N/AN/AN/A9/30/202334,4779,90616,87719,832N/A6/30/202332,6148,70915,36217,690N/A3/31/202332,0307,39815,17917,972N/A12/31/202229,8754,575N/AN/AN/A9/30/202226,9082,851N/AN/AN/A6/30/202225,6314,1498,20113,479N/A3/31/202222,8133,2796,67211,762N/A12/31/202120,7443,851N/AN/AN/A9/30/202120,6753,756-5,98911,333N/A6/30/202118,3703,335-6,55310,721N/A3/31/202116,1462,914-7,3249,902N/A12/31/202014,4092,659N/AN/AN/A9/30/202012,7522,404N/AN/AN/A6/30/202012,1922,154N/AN/AN/A3/31/202011,6321,904-4,0052,587N/A3/31/201910,9672,667N/A3,280N/A3/31/201810,2742,677N/A5,999N/A3/31/20178,8782,936N/A6,159N/A12/31/20168,4872,927N/AN/AN/A9/30/20168,0343,095N/AN/AN/A6/30/20167,5862,744N/AN/AN/A3/31/20167,2012,216N/A2,928N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 543994 의 연간 예상 수익 증가율(20.5%)이 saving rate(6.9%)보다 높습니다.수익 vs 시장: 543994 의 연간 수익(20.5%)이 Indian 시장(16.3%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 543994 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 543994 의 수익(연간 27.1%)이 Indian 시장(연간 11.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 543994 의 수익(연간 27.1%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 543994의 자본 수익률은 3년 후 15.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTransportation 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/11 02:24종가2026/07/10 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스JSW Infrastructure Limited는 27명의 분석가가 다루고 있습니다. 이 중 17명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Bharanidhar VijayakumarAvendus SparkVijayaraghavan SwaminathanAvendus SparkSumit KishoreAxis Capital Limited24명의 분석가 더 보기
공시 • Jan 16Jsw Infrastructure Limited Provides Consolidated Earning Guidance for the Fiscal Year 2026JSW Infrastructure Limited provided consolidated earning guidance for the fiscal year 2026. For the period, the company is targeting consolidated operating revenue of INR 540 billion.
공시 • Jun 27JSW Infrastructure Limited has completed a Follow-on Equity Offering in the amount of INR 75.026942 billion.JSW Infrastructure Limited has completed a Follow-on Equity Offering in the amount of INR 75.026942 billion. Security Name: Equity Shares Security Type: Common Stock Securities Offered: 263,252,427 Price\Range: INR 285 Transaction Features: Regulation S; Subsequent Direct Listing
공시 • Jun 24JSW Infrastructure Limited has filed a Follow-on Equity Offering.JSW Infrastructure Limited has filed a Follow-on Equity Offering. Security Name: Equity Shares Security Type: Common Stock Securities Offered: 263,252,427 Price(minimum): INR 290.35 Transaction Features: Regulation S; Subsequent Direct Listing
Declared Dividend • Jun 17Dividend increased to ₹0.90Dividend of ₹0.90 is 13% higher than last year. Ex-date: 18th June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 0.5%. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 28% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Jun 16JSW Infrastructure Limited announces Annual dividendJSW Infrastructure Limited announced Annual dividend of INR 0.9000 per share, ex-date on June 18, 2026 and record date on June 18, 2026.
Reported Earnings • May 09Full year 2026 earnings: Revenues and EPS in line with analyst expectationsFull year 2026 results: EPS: ₹7.32 (up from ₹7.27 in FY 2025). Revenue: ₹57.1b (up 27% from FY 2025). Net income: ₹15.2b (up 1.3% from FY 2025). Profit margin: 27% (down from 34% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Infrastructure industry in Asia.
공시 • May 02JSW Infrastructure Limited to Report Q4, 2026 Results on May 08, 2026JSW Infrastructure Limited announced that they will report Q4, 2026 results on May 08, 2026
Reported Earnings • Jan 17Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2026 results: EPS: ₹1.72 (up from ₹1.59 in 3Q 2025). Revenue: ₹14.1b (up 19% from 3Q 2025). Net income: ₹3.59b (up 8.9% from 3Q 2025). Profit margin: 26% (down from 28% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Infrastructure industry in Asia.
공시 • Jan 16Jsw Infrastructure Limited Provides Consolidated Earning Guidance for the Fiscal Year 2026JSW Infrastructure Limited provided consolidated earning guidance for the fiscal year 2026. For the period, the company is targeting consolidated operating revenue of INR 540 billion.
공시 • Jan 09JSW Infrastructure Limited to Report Q3, 2026 Results on Jan 16, 2026JSW Infrastructure Limited announced that they will report Q3, 2026 results on Jan 16, 2026
New Risk • Nov 01New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 119% Dividend yield: 0.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • Oct 17Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: ₹1.74 (down from ₹1.80 in 2Q 2025). Revenue: ₹12.7b (up 26% from 2Q 2025). Net income: ₹3.61b (down 2.8% from 2Q 2025). Profit margin: 28% (down from 37% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Infrastructure industry in Asia.
공시 • Oct 09JSW Infrastructure Limited to Report Q2, 2026 Results on Oct 16, 2025JSW Infrastructure Limited announced that they will report Q2, 2026 results on Oct 16, 2025
공시 • Jul 14JSW Infrastructure Limited to Report Q1, 2026 Results on Jul 22, 2025JSW Infrastructure Limited announced that they will report Q1, 2026 results on Jul 22, 2025
Reported Earnings • Jun 25Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ₹7.27 (up from ₹6.02 in FY 2024). Revenue: ₹44.8b (up 19% from FY 2024). Net income: ₹15.0b (up 30% from FY 2024). Profit margin: 34% (up from 31% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Infrastructure industry in Asia.
공시 • Jun 19JSW Infrastructure Limited, Annual General Meeting, Jul 15, 2025JSW Infrastructure Limited, Annual General Meeting, Jul 15, 2025.
공시 • May 17Sajjan Jindal Family Trust Reportedly Plans INR 12,000 Million Stake Sale in JSW Infrastructure to Meet Minimum Public Shareholding NormsSajjan Jindal Family Trust is reportedly planning to sell shares worth up to INR 12,000 million in JSW Infrastructure Limited (NSEI:JSWINFRA) through a block deal, ET Now reported. The floor price for the offer has been set at INR 288 per share, with up to 42 million shares on offer. As per the latest exchange data, the Trust currently holds a majority 80.72% stake in the company. The total promoter holding stands at 85.62%.Earlier in a regulatory disclosure, JSW Infrastructure confirmed that the Sajjan Jindal Family Trust, through its trustees Sajjan Jindal and Sangita Jindal, intends to divest up to 2% of its stake in one or more tranches. The sale is aimed at helping the company meet SEBI's minimum public shareholding (MPS) requirement. The proposed divestment will take place through the open market between May 13, 2025, and March 31, 2026, or until the target is achieved, whichever is earlier. JSW Infrastructure, which debuted on the stock exchanges on October 3, 2023, has seen its share price rise by 18% over the past year. As per SEBI norms, all listed companies are required to maintain at least 25% public shareholding within a specified time frame post-listing. Newly listed entities are generally given a three-year window to comply.
New Risk • May 16New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Dividend per share is over 6x cash flows per share. Dividend yield: 0.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • May 01Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ₹7.27 (up from ₹6.02 in FY 2024). Revenue: ₹48.3b (up 28% from FY 2024). Net income: ₹15.0b (up 30% from FY 2024). Profit margin: 31% (in line with FY 2024). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Infrastructure industry in Asia.
공시 • Apr 30+ 1 more updateJSW Infrastructure Limited Appoints Padmini Kant Mishra as Executive Vice President - Terminals, with Effect from April 30, 2025The board of directors of JSW Infrastructure Limited at its meeting held on April 30, 2025, Based on the recommendation of the Nomination & Remuneration Committee, the Board has approved the appointment of Mr. Padmini Kant Mishra as Executive Vice President - Terminals designated as Senior Management Personnel of the Company with effect from April 30, 2025. Key qualifications: Mr. Padmini Kant Mishra has completed his BSc in Nautical Sciences & Executive Post Graduate Program in Management from Indian Institute of Management, Bangalore. He also holds a Certificate of Competency as Master of a Foreign Going Ship. Broad experience: Mr. Mishra brings over 28+ years of diverse experience in P&L Management, General Management, Strategy Formulation & Execution, Financial & Commercial Management, Business Development, Project Management, Logistics and Operations Management in domestic & international settings in Ports, Shipping and Logistics Industry.
공시 • Apr 22JSW Infrastructure Limited to Report Fiscal Year 2025 Results on Apr 30, 2025JSW Infrastructure Limited announced that they will report fiscal year 2025 results on Apr 30, 2025
Board Change • Apr 10High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Anita Belani was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Mar 27JSW Infrastructure Limited (NSEI:JSWINFRA) acquired the Under Development Slurry Pipeline Project from Jsw Utkal Steel Limited for INR 16 billionJSW Infrastructure Limited (NSEI:JSWINFRA) agreed to acquire Under Development Slurry Pipeline Project from Jsw Utkal Steel Limited for INR 17 billion on July 19, 2024. A cash consideration of INR 17 billion will be paid by JSW Infrastructure Limited. As part of consideration, INR 17 billion is paid towards assets of Under Development Slurry Pipeline Project. RBSA Capital Advisors LLP acted as financial advisor to JSW Utkal Steel Limited. JSW Infrastructure Limited (NSEI:JSWINFRA) completed the acquisition of Under Development Slurry Pipeline Project from Jsw Utkal Steel Limited for INR 16 billion on March 25, 2025. Further, the JSW Infrastructure Limited also entered into a long term take or pay agreement on the same date with JSW Steel Limited for the transportation of iron ore slurry from Nuagaon mines to Jagatsinghpur for a period of 20 years by the JSW Infrastructure Limited.
공시 • Mar 26JSW Infrastructure Limited Approves the Retirement of Gerard Earnest Paul Da Cunha as an Independent Director, Effective March 27, 2025JSW Infrastructure Limited approved the retirement of Mr. Gerard Earnest Paul Da Cunha (DIN: 00406461) as an Independent Director with effect from close of business hours on March 27, 2025 on account of completion of his term as an Independent Director, at its Board of Directors meeting held on March 26, 2025.
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₹313, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 15x in the Infrastructure industry in Asia. Total returns to shareholders of 31% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₹164 per share.
Reported Earnings • Jan 30Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: ₹1.59 (up from ₹1.20 in 3Q 2024). Revenue: ₹11.8b (up 26% from 3Q 2024). Net income: ₹3.30b (up 32% from 3Q 2024). Profit margin: 28% (up from 27% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 4.8%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Infrastructure industry in Asia.
공시 • Jan 29Adani & JSW Among Big Names Reportedly Lining Up for ArshiyaA diverse group of companies including Adani Ports and Special Economic Zone Limited (NSEI:ADANIPORTS), JSW Infrastructure Limited (NSEI:JSWINFRA), Embassy Industrial Parks Private Limited (Horizon Industrial Parks) and Transindia Real Estate Limited (NSEI:TREL) have shown interest in acquiring listed supply chain and logistics infrastructure firm Arshiya Limited (BSE:506074), which is undergoing a corporate insolvency resolution process. Investors such as Authum Investment & Infrastructure Limited (BSE:539177), Dickey Alternative Investment Trust and Finquest Financial Solutions Private Limited have also evinced interest in the company, said a person aware of the development. The company’s resolution professional Pankaj Mahajan declined to comment, citing confidentiality due to the ongoing corporate insolvency resolution process. Emailed queries to Adani Ports and Special Economic Zone, JSW Infrastructure, Horizon Industrial Parks and Transindia Real Estate remained answered until press time. Authum Investment & Infrastructure Ltd, Dickey Alternative Investment Trust and Finquest Financial Solutions Pvt Ltd. did not respond to ET’s query either.
Board Change • Dec 19High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non- Executive Director Anoop Mittal was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 29Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: ₹1.80 (up from ₹1.41 in 2Q 2024). Revenue: ₹10.9b (up 28% from 2Q 2024). Net income: ₹3.72b (up 46% from 2Q 2024). Profit margin: 34% (up from 30% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 37%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Infrastructure industry in Asia.
공시 • Oct 17JSW Infrastructure Limited to Report Q2, 2025 Results on Oct 28, 2024JSW Infrastructure Limited announced that they will report Q2, 2025 results on Oct 28, 2024
공시 • Oct 09+ 1 more updateJSW Infrastructure Limited Announces Resignation of Arun Maheshwari as Chief Executive Officer, Effective from November 7, 2024JSW Infrastructure Limited announced that Mr. Arun Maheshwari has step down from the position of Chief Executive Officer and consequently as a Key Managerial Personnel of the Company, however he will continue to serve as a Non-Executive Director on the Board of the Company. This decision comes as he will be moving to a new role within the JSW group. Mr. Arun Maheshwari will continue to serve in his current position in above companies till November 7, 2024 to support an orderly transition.
공시 • Aug 01JSW Infrastructure Limited Appoints Rinkesh Roy as Senior Management PersonnelOn basis of recommendation of the Nomination and Remuneration Committee, the Board of Directors JSW Infrastructure Limited in its meeting held on August 01, 2024 has approved the appointment of Mr. Rinkesh Roy as President, has been designated as Senior Management Personnel of the Company with effect from August 01, 2024. Date of appointment: August 01, 2024. Terms of appointment: Full-Time Employment. Key qualifications: Mr. Rinkesh Roy holds Master's Degree in public Management from National University of Singapore & Kennedy School of Government, Harvard University. Broad experience: Mr. Roy aged 54 years, and ex. Civil Servant. He was previously associated with Govt. of India since 1992 and has an experience spanning over 30 years in Railway operation, Shipping, Ports and Logistics. He was awarded the Minister of Railway Award for "Outstanding Service" in 2003 and General Manager award for "Meritorious service" in 2005. During this stint he also held position of Chairman for the major ports like Vishakhapatnam, Tuticorin and Kamrajar for various duration and was also the Chairman of Dredging Corporation of India. He also participated in an UNCTAD course in Dublin, Ireland and was part of several high level delegations to the UK, Spain, Denmark, south Korea and Russia. He also participated in Programme on Strengthening of Freight Transport Capacity Railways in Japan, 2007 and on Railways Management in Japan, 2010.
공시 • Jul 12JSW Infrastructure Limited to Report Q1, 2025 Results on Jul 18, 2024JSW Infrastructure Limited announced that they will report Q1, 2025 results on Jul 18, 2024
Reported Earnings • Jul 08Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₹6.02 (up from ₹4.12 in FY 2023). Revenue: ₹38.0b (up 18% from FY 2023). Net income: ₹11.6b (up 56% from FY 2023). Profit margin: 30% (up from 23% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Infrastructure industry in Asia.
공시 • Jul 06+ 3 more updatesJSW Infrastructure Limited to Report Q2, 2025 Results on Nov 14, 2024JSW Infrastructure Limited announced that they will report Q2, 2025 results on Nov 14, 2024
공시 • Jun 29JSW Infrastructure Limited, Annual General Meeting, Jul 29, 2024JSW Infrastructure Limited, Annual General Meeting, Jul 29, 2024, at 11:00 Indian Standard Time.
Reported Earnings • May 04Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₹6.01 (up from ₹4.12 in FY 2023). Revenue: ₹40.3b (up 26% from FY 2023). Net income: ₹11.6b (up 56% from FY 2023). Profit margin: 29% (up from 23% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Infrastructure industry in Asia.
공시 • Apr 28JSW Infrastructure Limited to Report Q4, 2024 Results on May 03, 2024JSW Infrastructure Limited announced that they will report Q4, 2024 results on May 03, 2024
Reported Earnings • Feb 05Third quarter 2024 earnings released: EPS: ₹1.20 (vs ₹0.51 in 3Q 2023)Third quarter 2024 results: EPS: ₹1.20. Revenue: ₹9.40b (up 18% from 3Q 2023). Net income: ₹2.51b (down 6.1% from 3Q 2023). Profit margin: 27% (down from 34% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Infrastructure industry in Asia.
공시 • Jan 25JSW Infrastructure Limited to Report Q3, 2024 Results on Feb 02, 2024JSW Infrastructure Limited announced that they will report Q3, 2024 results on Feb 02, 2024
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₹203, the stock trades at a trailing P/E ratio of 41.7x. Average forward P/E is 13x in the Infrastructure industry in India.
Reported Earnings • Nov 05Second quarter 2024 earnings releasedSecond quarter 2024 results: EPS: ₹1.41. Revenue: ₹8.48b (up 29% from 2Q 2023). Net income: ₹2.54b (up ₹2.23b from 2Q 2023). Profit margin: 30% (up from 4.7% in 2Q 2023). The increase in margin was primarily driven by higher revenue.
공시 • Oct 29JSW Infrastructure Limited to Report Q2, 2023 Results on Nov 03, 2023JSW Infrastructure Limited announced that they will report Q2, 2023 results on Nov 03, 2023
공시 • Oct 26JSW Infra Reportedly in Talks to Buy Gopalpur PortsJSW Infrastructure Limited (NSEI:JSWINFRA) is in talks to buy Shapoorji Pallonji's (SP) ports arm, Gopalpur Ports Limited, at an estimated enterprise value of INR 30,000 million that includes the company's debt, according to people familiar with the matter. The unit is being divested as part of commitments that SP's promoters, the Mistry family, have made to financiers in loan covenants entered into with them, according to the sources. As per the covenants, SP Group has committed to divest the unit by March 31 next year. JSW Infrastructure, whose shares were listed on bourses earlier this month, sees Odisha-based Gopalpur Ports as a strategic fit that will complement its steel-making operations. Gopalpur Ports operates an all-weather deep-draft port in Gopalpur town of Odisha, which is strategically located between the well-known Paradip and Vizag ports on the eastern coast of India. It specialises in handling iron ore cargo, a key raw material in JSW's steel business. Talks may not necessarily result in a deal, the sources cited earlier cautioned. A senior JSW official declined to comment when contacted. Shapoorji Pallonji had not responded to ET's queries until the publication of this report.