Maritime-Related Service Provider Bags New Order From Maharashtra Maritime Board (MMB); Detail Inside
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 160.50 per share.
The Maharashtra Maritime Board (MMB) has awarded JSW Infrastructure Limited a Letter of Intent (LOI) to develop, operate and maintain a multipurpose port in Murbe, Palghar district. This is a significant milestone for JSW Infrastructure, as it aligns with their growth plan to increase capacity to 400 million tonnes per annum by 2030.
The port project will be implemented on a Design, Built, Own, Operate, and Transfer (DBOOT) model, and the LOI is valid for 24 months. Upon fulfilling the terms and conditions stipulated in the LOI, MMB will enter into a Concession Agreement (CA) with JSW Infrastructure. The CA will be valid for 70 years.
The Murbe port is strategically located near major highways and rail corridors, making it an ideal location for handling cargo from the region. The development of this port is expected to significantly enhance economic activity and create jobs in the area.
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About the Company
JSW Infrastructure Ltd., founded in 2006, is a leading maritime services provider specializing in cargo handling, storage, and logistics. As a subsidiary of the JSW Group, it operates nine ports across India with a combined cargo handling capacity of 158.43 MTPA. The company handles a diverse range of cargo, including dry bulk, break bulk, liquid bulk, gases and containers. JSW Infrastructure is committed to sustainable practices and aims to expand its cargo-handling capacity to 400 MTPA by 2030.
The stock’s 52-week high is Rs 361 and its 52-week low is Rs 160.50. The company has a market cap of over Rs 67,000 crore with a PE of 58x, an ROE of 20 per cent and an ROCE of 17 per cent. The company has delivered good profit growth of 34.6 per cent CAGR over the last 5 years and its working capital requirements have reduced from 65.2 days to 46.1 days. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 160.50 per share. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.