Buy JSW Infrastructure, target price Rs 300: Motilal Oswal

Buy JSW Infrastructure, target price Rs 300:  Motilal Oswal

Motilal Oswal has buy call on JSW Infrastructure with a target price of Rs 300. The current market price of JSW Infrastructure is Rs 247.

JSW Infrastructure Ltd., incorporated in the year 2006, is a Small Cap company (having a market cap of Rs 51240.04 Crore) operating in Shipping sector.

JSW Infrastructure Ltd. key Products/Revenue Segments include Cargo Income and Other Operating Revenue for the year ending 31-Mar-2023. Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1200.30 Crore, up 17.87 % from last quarter Total Income of Rs 1018.30 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 329.08 Crore in latest quarter. Investment Rationale: With focus on expanding capacity, increasing third-party mix in overallcargo and improved utilization levels at existing ports and terminals, weexpect volume growth to continue. We expect JSWINFRA to continue togain market share and grow faster than the market over the next few years.Capacity addition plans would allow it to capitalize on the opportunity inthe ports logistics space. We expect a CAGR of 15%/23%/27%/30% involume/revenue/EBITDA/PAT over FY24-26. We reiterate our BUY ratingwith a TP of INR300 (based on 18x FY26E EV/EBITDA). Promoter/FII Holdings
Promoters held 85.61 per cent stake in the company as of 31-Mar-2024, while FIIs owned 2.34 per cent, DIIs 3.59 per cent.

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