JSW Infrastructure (NSE:JSWINFRA) Return-on-Tangible-Equity: 21.45% (As of Mar. 2026) — 36% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:JSWINFRA JSW Infrastructure Ltd NSE:JSWINFRA
70 GF Score
Price ₹342.15
GF Value ₹381.56
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is JSW Infrastructure Return-on-Tangible-Equity?

JSW Infrastructure NSE:JSWINFRA +0.84% 70 Return-on-Tangible-Equity is 21.45% as of Mar. 2026, which is 36% below its 10-year median of 33.60. GuruFocus rates NSE:JSWINFRA with a GF Score™ of 70/100 and a GF Value™ of ₹381.56 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 978 Transportation companies, JSW Infrastructure ranks better than 79.24% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. JSW Infrastructure's annualized net income for the quarter that ended in Mar. 2026 was ₹16,732 Mil. JSW Infrastructure's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹78,007 Mil. Therefore, JSW Infrastructure's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.45%.

The historical rank and industry rank for JSW Infrastructure's Return-on-Tangible-Equity or its related term are showing as below:

NSE:JSWINFRA' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 20.49   Med: 33.6   Max: 51.66
Current: 20.49

During the past 6 years, JSW Infrastructure's highest Return-on-Tangible-Equity was 51.66%. The lowest was 20.49%. And the median was 33.60%.

NSE:JSWINFRA's Return-on-Tangible-Equity is ranked better than
79.24% of 978 companies
in the Transportation industry
Industry Median: 8.985 vs NSE:JSWINFRA: 20.49

JSW Infrastructure  (NSE:JSWINFRA) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


JSW Infrastructure Return-on-Tangible-Equity Related Terms


JSW Infrastructure Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for JSW Infrastructure's Return-on-Tangible-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

JSW Infrastructure Return-on-Tangible-Equity Chart

JSW Infrastructure Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Equity
Get a 7-Day Free Trial 35.88 51.66 32.01 24.41 20.65

JSW Infrastructure Quarterly Data
Mar21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.29 22.12 19.15 19.04 21.45

JSW Infrastructure Return-on-Tangible-Equity Competitor Comparison

For the Marine Shipping subindustry, JSW Infrastructure's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


JSW Infrastructure Return-on-Tangible-Equity vs Transportation Industry

For the Transportation industry and Industrials sector, JSW Infrastructure's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where JSW Infrastructure's Return-on-Tangible-Equity falls into.


NSE:JSWINFRA
70GF Score
JSW Infrastructure Ltd NSE:JSWINFRA
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JSW Infrastructure Return-on-Tangible-Equity Calculation

JSW Infrastructure's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=15233.1/( (69555.4+78007.4 )/ 2 )
=15233.1/73781.4
=20.65 %

JSW Infrastructure's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=16731.6/( (0+78007.4)/ 1 )
=16731.6/78007.4
=21.45 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 21.45% mean?
JSW Infrastructure (NSE:JSWINFRA) has a Return-on-Tangible-Equity of 21.45% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on JSW Infrastructure and its competitors. This is 36% below median its historical median of 33.60. Over the past decade, JSW Infrastructure's Return-on-Tangible-Equity has ranged from 20.49 to 51.66. According to the industry distribution chart, JSW Infrastructure ranks #203 out of 978 companies in the Transportation industry, placing it in the top 20.8%.
Is JSW Infrastructure's Return-on-Tangible-Equity too high?
JSW Infrastructure's current Return-on-Tangible-Equity of 21.45% is 36% below median its 10-year median of 33.60. Over the past 10 years, this metric has ranged from a low of 20.49 to a high of 51.66. The Transportation industry median Return-on-Tangible-Equity is 8.99. JSW Infrastructure's value of 21.45% is 138.7% above this industry median. Based on the distribution chart, JSW Infrastructure ranks #203 out of 978 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, JSW Infrastructure has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JSW Infrastructure's Return-on-Tangible-Equity compare to competitors?
According to the Transportation industry distribution chart, JSW Infrastructure ranks #203 out of 978 companies for Return-on-Tangible-Equity. This places JSW Infrastructure in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.99. JSW Infrastructure's value of 21.45% is 138.7% above this benchmark. Historically, JSW Infrastructure's own Return-on-Tangible-Equity has ranged from 20.49 to 51.66 over the past decade. While the company's 10-year median is 33.60 vs. the industry median of 8.99, JSW Infrastructure has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 8.99, based on 978 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JSW Infrastructure's current Return-on-Tangible-Equity of 21.45% is 138.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on JSW Infrastructure and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 8.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Infrastructure's current Return-on-Tangible-Equity is 21.45%, which is 36% below median its own 10-year median of 33.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, JSW Infrastructure (NSE:JSWINFRA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹381.56, compared to a current price of ₹342.15 — trading 10.3% below its estimated fair value. The current Return-on-Tangible-Equity is 21.45%, which is 36% below median its 10-year median of 33.60 and 138.7% above the Transportation industry median of 8.99. JSW Infrastructure's overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For JSW Infrastructure (NSE:JSWINFRA), the current Return-on-Tangible-Equity is 21.45% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is JSW Infrastructure (NSE:JSWINFRA) Overvalued in 2026?

Based on GuruFocus' analysis, JSW Infrastructure stock appears to be undervalued. The current stock price of ₹342.15 is trading 10.3% below its estimated GF Value™ of ₹381.56. GuruFocus considers JSW Infrastructure to be Modestly Undervalued.

Key valuation signals for NSE:JSWINFRA:

  • Return-on-Tangible-Equity: 21.45% (36% below median its 10-year median of 33.60)
  • GF Value™: ₹381.56 vs. price of ₹342.15 (10.3% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 138.7% above the Transportation median (#203 of 978)

No single metric tells the full story. See the NSE:JSWINFRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JSW Infrastructure Business Description

Other Exchanges 543994:India
Address Bandra Kurla Complex, JSW Centre, Near MMRDA Grounds, Bandra East, Mumbai, MH, IND, 400051
JSW Infrastructure Ltd is predominantly engaged in one business segment, namely developing, operating, and maintaining the Ports services, Ports-related Infrastructure development activities, and development of infrastructure. It derives a majority of its revenue in India.
70GF Score

Get the complete analysis for NSE:JSWINFRA

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹342.15
Price
₹381.56
GF Value