Investec has initiated a Buy rating on JSW Infrastructure with a target price of ₹370, suggesting a 14.8% upside. The brokerage is optimistic about the company’s growth prospects driven by ongoing and potential new projects.
Key highlights from Investec’s report:
- Revenue/EBITDA growth: Expected to deliver over 20% CAGR between FY24-30, based solely on announced projects.
- Optionality for growth: New concessions under the government’s aggressive port privatization targets could lead to even higher growth.
- Robust balance sheet: Management’s opportunistic approach and financial strength provide flexibility for expansion.
- Valuations: Premium valuations are justified, given the growth trajectory and strong financials.
Investec believes JSW Infra’s long-term growth visibility and robust execution make it an attractive investment in the infrastructure space.
Disclaimer: These articles are for informational purposes only and do not constitute investment advice. Please consult a financial advisor before making any investment decisions.