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What is the story about?
Shares of JSW Infrastructure Ltd. are trading with gains of 7% on Monday, January 19, despite the company cutting its full-year volume growth guidance at the end of the third quarter.
JSW Infra now sees volume growth in financial year 2026 to be between 5% to 6% from 8% to 105 guided for earlier. Volume growth has been negatively impacted by lower volumes at the Paradip Iron Ore and Coal terminals.
However, the company has laid out ambitious growth plans for the next three years, which includes projections for revenue, EBITDA, volumes as well as capex.
The company intends to spend a sum of ₹9,000 crore as capex between financial year 2025 to financial year 2030.
On the revenue front, JSW Infra sees revenue to be at ₹5,400 crore in financial year 2026, ₹7,020 crore in financial year 2027 and ₹11,650 crore in financial year 2028.
For its EBITDA, JSW Infra expects that figure to be ₹2,600 crore in the current financial year, rise to ₹3,000 crore next year and to ₹5,000 crore in financial year 2028.
Despite the near-term cut to the volume growth guidance, JSW Infra sees volume capacity rising from 177 MTPA in the current financial year to 299 MTPA in financial year 2028.
Brokerage firm Jefferies has maintained its "buy" rating on the stock and raised its price target to ₹360 from ₹355 earlier.
The firm expects JSW Infra's valuation premium to sustain with higher growth and scarcity premium to a certain extent.
JM Financial has also maintained its "buy" rating on JSW Infra with a price target of ₹400 per share. It said that the company's low leverage provides sufficient room for capex but also said that support for further funding the capex may emerge despite the primary fund raise.
17 analysts have coverage on JSW Infra, of which 15 have a "buy" rating and one analyst each has a "hold" and "sell" rating.
Shares of JSW Infra are trading 6.6% higher on Monday at ₹274.6. The ₹400 price target from JM Financial and ICICI Securities is the highest on the street for the stock.
JSW Infra now sees volume growth in financial year 2026 to be between 5% to 6% from 8% to 105 guided for earlier. Volume growth has been negatively impacted by lower volumes at the Paradip Iron Ore and Coal terminals.
However, the company has laid out ambitious growth plans for the next three years, which includes projections for revenue, EBITDA, volumes as well as capex.
The company intends to spend a sum of ₹9,000 crore as capex between financial year 2025 to financial year 2030.
On the revenue front, JSW Infra sees revenue to be at ₹5,400 crore in financial year 2026, ₹7,020 crore in financial year 2027 and ₹11,650 crore in financial year 2028.
For its EBITDA, JSW Infra expects that figure to be ₹2,600 crore in the current financial year, rise to ₹3,000 crore next year and to ₹5,000 crore in financial year 2028.
Despite the near-term cut to the volume growth guidance, JSW Infra sees volume capacity rising from 177 MTPA in the current financial year to 299 MTPA in financial year 2028.
Brokerage firm Jefferies has maintained its "buy" rating on the stock and raised its price target to ₹360 from ₹355 earlier.
The firm expects JSW Infra's valuation premium to sustain with higher growth and scarcity premium to a certain extent.
JM Financial has also maintained its "buy" rating on JSW Infra with a price target of ₹400 per share. It said that the company's low leverage provides sufficient room for capex but also said that support for further funding the capex may emerge despite the primary fund raise.
17 analysts have coverage on JSW Infra, of which 15 have a "buy" rating and one analyst each has a "hold" and "sell" rating.
Shares of JSW Infra are trading 6.6% higher on Monday at ₹274.6. The ₹400 price target from JM Financial and ICICI Securities is the highest on the street for the stock.
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