JITF Infralogistics Limited, incorporated in 2008 and based in New Delhi, India, operates as an India-based holding company for comprehensive infrastructure development and management services across multiple sectors. It is a key part of the O.P. Jindal Group, a global conglomerate known for its diverse business interests including mining, power, industrial gases, seaport facilities, and steel manufacturing, with flagship companies such as JSW Steel, Jindal Steel & Power, JSL Stainless, and Jindal Saw Ltd.
JITF Infralogistics operates through four primary business segments:
- Rail Freight Wagon: Engaged in the manufacturing of railway freight wagons of different specifications.
- Water Infrastructure: Focuses on the development of water infrastructure.
- Urban Infrastructure: Involves the development of urban infrastructure, including the management of municipal solid waste and generation of energy from Municipal solid waste.
- Trading Activities: Primarily engaged in the trading of steel.
The company's operations also encompass waste-to-power projects and water and wastewater EPC (Engineering, Procurement, and Construction) business.
JITF Infralogistics serves as the holding firm for several key infrastructure businesses through its subsidiaries:
- JITF Urban Infrastructure Services Limited, JITF Urban Infrastructure Limited: Manages waste-to-power execution.
- Jindal Rail Infrastructure Limited: Handles railway rolling stock manufacturing business.
- JWIL Infra Limited: Undertakes water and wastewater EPC business.
- Other subsidiaries include JITF ESIPL CETP (Sitarganj) Limited and JITF Industrial Infrastructure Development Company Limited.
The company has shown mixed financial performance. For the full year ended March 2025:
- Revenue: ₹2,265 Crore (declined 10.66% from ₹2,535.18 Crore in FY2024)
- Net Profit: ₹52.39 Crore (rose 47.95% from ₹35.41 Crore in FY2024)
Quarterly performance has shown volatility:
- Q4 FY2025 Sales: Rose 20.59% to ₹787.52 Crore (vs. ₹653.04 Crore in Q4 FY2024).
- Q4 FY2025 Net Loss: Reported at ₹29.55 Crore (vs. net profit of ₹32.56 Crore in Q4 FY2024).
As per Value Research classification, JITF Infralogistics is a Small Cap company. The stock trades on both NSE and BSE exchanges under the symbol JITFINFRA and scrip code 540311 respectively.
- TTM Profit After Tax: ₹115 Crore
- Market Capitalization: ₹992 Crore (as reported by Screener)
- P/E Ratio: 9.64 times (as of 15-May-2025), representing a 69% discount to its peers' median range of 31.53 times.
- P/B Ratio: -1.97 times (as of 15-May-2025), representing a 191% discount to its peers' median range of 2.17 times.
- 3-Year Returns: 48.84% in the last 3 years.
- Promoter Holding: 63.0%, with no promoter pledging.
The company generates the majority of its revenue from the Water Infrastructure segment, with a predominant geographical focus within India. This diversified revenue stream across infrastructure segments provides stability, and the domestic focus aligns with India's infrastructure development initiatives.
Investors should note certain risk factors:
- Low Interest Coverage Ratio: Indicates potential challenges in servicing debt obligations.
- Contingent Liabilities: Substantial contingent liabilities of ₹2,985 Crore.
- Other Income Dependence: Earnings include an other income of ₹216 Crore, suggesting a degree of dependence on non-operating income sources.
JITF Infralogistics is positioned as a comprehensive infrastructure solutions provider, benefiting from the strong backing of the established Jindal Group. It offers investors exposure to India's growing infrastructure sector through its diversified business model spanning water, urban, and railway infrastructure segments, underpinned by transparent corporate governance practices.
