The shares of JSW group’s leading infrastructure stock dipped over 3 percent after the reports suggested a likely sell-off amounting Rs.1,239 crore on May 16. Sajjan Jindal Family Trust likely offloaded 4.26 crore shares at the floor price of Rs.290.6 apiece.
During Friday’s trading session, the shares of JSW Infrastructure Ltd fell to an intra-day low of Rs.287.50 per share, falling 3 percent from its previous close of Rs.297.05 apiece. The shares have retreated since then and closed at Rs.288.35 per share.
Contract Specifications
On Friday, May 16, a block deal took place involving 4.26 crore shares of JSW Infrastructure Ltd, which is about 2.03 percent of the company’s equity. The shares were traded at Rs.290.60 each, with the total value of the deal at Rs.1,239 crore.
Earlier, CNBC-TV18 reported that the Sajjan Jindal Family Trust, through its trustees Sajjan Jindal and Sangita Jindal, planned to sell a 2 percent stake in JSW Infrastructure Ltd for around Rs.1,210 crore. The floor price offered was Rs.288 per share, about 3 percent lower than the previous closing price.
As of the end of the March quarter, the Sajjan Jindal Family Trust owned 80.72 percent of the company, according to stock exchange data. After the block deal, there will be a 60-day lock-up period during which no further shares can be sold, sources added.
Business Developments
In FY 2025, JSW Infra achieved robust growth with total cargo handled reaching 117 million tonnes, marking a 9 percent year-on-year increase, and third-party cargo volume growing by 34 percent to comprise 49 percent of total volume.
JSW also received a Letter of Intent for the Murbe Port greenfield project in Maharashtra and began interim operations at both the JNPA Liquid Terminal and Tuticorin Terminal. Additionally, JSW expanded into logistics by acquiring a 70.37 percent stake in Navkar Corporation Limited and entered the slurry pipeline business with a long-term take-or-pay agreement with an anchor customer.
Financial Overview
In its latest financial update for Q4 FY25, JSW Infrastructure Ltd reported revenue of Rs.1,283 crore, reflecting a strong 17 percent increase from Rs.1,096 crore in Q4 FY24. Sequentially, revenue rose by about 8.5 percent from Rs.1,182 crore in Q3 FY25, indicating improving operational performance.
The company posted a net profit of Rs.516 crore, marking a significant 57 percent rise compared from Rs.329 crore in Q4 FY24. Net profit also surged by 53.5 percent sequentially from Rs.336 crore in Q3 FY25, reflecting robust profitability growth.
The company has a Return on Capital Employed (ROCE) of 13.92 percent and a Return on Equity (ROE) of 15.5 percent. Its Price-to-Earnings (P/E) ratio stands at 41.44, slightly lower than the industry average of 41.84. Furthermore, the company maintains a current ratio of 3.66, a debt-to-equity ratio of 0.52, and an Earnings Per Share (EPS) of Rs.7.16.
Written by – Siddesh S Raskar
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