JSW Energy Ltd

JSW Energy Ltd

₹ 533 0.77%
19 May - close price
About

JSW Energy Ltd and its subsidiaries are primarily engaged in the business of generation of power from its power assets located at Karnataka, Maharashtra, Nandyal and Salboni. It is the holding company for the JSW group's power business.
The company also has a JV company engaged in mining activities and an associate engaged in manufacturing of turbines.[1]

Key Points

Business Segments
1) Thermal Energy Projects (63% in H1 FY25 vs 75% in FY22): [1] [2] The company has a total thermal power generation capacity of 3,508 MW, comprising 1,200 MW at Ratnagiri, 1,080 MW at Barmer, 860 MW at Vijayanagar, 350 MW at Utkal, and 18 MW TPP at Nandyal. {# 1600MW in salboni in west bengal https://www.bseindia.com/xml-data/corpfiling/AttachHis/1c68833c-b336-4af0-ae63-8698bc6fcb22.pdf#page=19 #}

  • Market Cap 93,690 Cr.
  • Current Price 533
  • High / Low 588 / 428
  • Stock P/E 107
  • Book Value 138
  • Dividend Yield 0.38 %
  • ROCE 4.86 %
  • ROE 3.77 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 34.7%

Cons

  • Stock is trading at 3.86 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.89% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 5.30% over last 3 years.
  • Earnings include an other income of Rs.921 Cr.
  • Debtor days have increased from 37.8 to 54.2 days.
  • Promoter holding has decreased over last 3 years: -5.24%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,647 1,485 1,133 1,276 1,236 1,050 967 977 946 916 780 695 639
1,306 1,136 739 768 767 675 718 671 668 612 521 451 430
Operating Profit 340 348 394 507 469 374 250 305 277 303 259 244 209
OPM % 21% 23% 35% 40% 38% 36% 26% 31% 29% 33% 33% 35% 33%
50 77 58 22 53 117 178 81 305 140 205 122 455
Interest 133 105 119 118 135 90 75 88 112 202 214 234 237
Depreciation 77 71 69 65 64 64 64 62 53 57 57 56 56
Profit before tax 181 249 263 347 322 338 289 236 417 185 193 76 371
Tax % 27% 33% 28% 28% -6% 25% 1% 8% -11% 12% 1% 14% -19%
132 166 191 251 342 254 286 217 464 162 190 65 442
EPS in Rs 0.80 1.01 1.16 1.53 2.08 1.45 1.63 1.24 2.66 0.93 1.09 0.37 2.52
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
6,302 5,863 4,041 4,212 5,118 4,314 2,898 3,643 5,739 5,129 3,939 3,029
4,199 3,697 3,136 3,505 4,312 3,417 2,084 2,597 4,532 3,411 2,733 2,015
Operating Profit 2,103 2,165 905 707 806 897 814 1,046 1,207 1,718 1,207 1,015
OPM % 33% 37% 22% 17% 16% 21% 28% 29% 21% 34% 31% 33%
259 395 328 -166 361 218 62 227 400 210 681 921
Interest 586 644 533 476 412 322 210 127 260 478 365 886
Depreciation 421 354 364 364 365 369 358 328 317 270 243 225
Profit before tax 1,356 1,563 337 -299 390 424 308 818 1,030 1,181 1,279 824
Tax % 27% 24% 42% 49% 36% -17% 40% 30% 31% 20% 5% -4%
995 1,182 195 -444 251 498 186 570 711 950 1,221 859
EPS in Rs 6.06 7.21 1.19 -2.71 1.53 3.03 1.13 3.47 4.32 5.78 6.99 4.89
Dividend Payout % 33% 28% 42% 0% 65% 33% 176% 58% 46% 35% 29% 41%
Compounded Sales Growth
10 Years: -6%
5 Years: 1%
3 Years: -19%
TTM: -23%
Compounded Profit Growth
10 Years: -2%
5 Years: 37%
3 Years: 14%
TTM: -25%
Stock Price CAGR
10 Years: 23%
5 Years: 35%
3 Years: 30%
1 Year: 6%
Return on Equity
10 Years: 4%
5 Years: 5%
3 Years: 5%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 1,640 1,627 1,628 1,640 1,641 1,642 1,642 1,640 1,641 1,641 1,745 1,756
Reserves 5,954 6,965 6,766 8,237 8,527 7,758 9,990 11,848 11,969 13,471 20,491 22,498
4,232 5,025 3,464 3,140 2,818 2,246 1,603 1,273 6,293 7,020 9,788 14,959
2,192 3,357 3,361 2,894 2,524 1,909 1,481 1,912 2,047 2,478 2,102 1,887
Total Liabilities 14,018 16,974 15,218 15,912 15,510 13,555 14,716 16,672 21,949 24,610 34,127 41,099
6,814 5,415 5,190 5,111 4,853 4,508 4,180 3,957 3,709 3,511 3,358 3,291
CWIP 256 282 479 261 377 109 34 23 16 20 93 216
Investments 3,672 6,669 5,324 6,963 6,703 5,417 8,212 6,867 14,730 17,413 23,257 29,255
3,275 4,609 4,226 3,577 3,578 3,522 2,290 5,826 3,495 3,665 7,418 8,338
Total Assets 14,018 16,974 15,218 15,912 15,510 13,555 14,716 16,672 21,949 24,610 34,127 41,099

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,622 2,261 1,409 846 397 31 1,086 252 975 2,266 833 689
-228 -3,468 1,085 -58 445 1,305 -378 710 -5,384 -1,650 -7,545 -6,510
-1,670 -218 -2,475 -807 -733 -1,121 -1,011 -881 4,496 -83 6,993 5,040
Net Cash Flow 724 -1,425 18 -18 109 215 -304 82 87 533 280 -781
Free Cash Flow 2,129 2,198 1,087 759 204 12 1,256 261 922 2,181 707 408
CFO/OP 140% 113% 162% 127% 58% 10% 139% 40% 98% 143% 82% 89%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 29 73 76 42 40 50 29 30 21 21 38 54
Inventory Days
Days Payable
Cash Conversion Cycle 29 73 76 42 40 50 29 30 21 21 38 54
Working Capital Days -82 -203 -181 -157 -118 -40 -128 271 -157 -182 -367 -822
ROCE % 16% 17% 7% 7% 6% 6% 4% 7% 6% 8% 6% 5%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Dec 2025
Consolidated Installed Capacity
MW

Log in to view insights

Please log in to see hidden values.

Login
Consolidated Net Generation
Million Units (MUs)
Consolidated Deemed Plant Load Factor (PLF)
%
Locked-in Capacity (2030 Target)
GW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

9 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.66% 73.39% 73.39% 73.67% 69.32% 69.32% 69.32% 69.26% 69.26% 69.26% 69.26% 69.41%
5.18% 8.38% 8.50% 8.37% 15.37% 14.92% 14.57% 13.43% 12.36% 12.12% 9.50% 9.74%
9.59% 9.69% 9.36% 9.29% 9.21% 9.78% 10.05% 10.94% 11.43% 11.56% 14.39% 14.29%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.03%
10.33% 8.33% 8.53% 8.45% 5.90% 5.81% 5.92% 6.21% 6.79% 6.97% 6.74% 6.44%
0.25% 0.22% 0.21% 0.21% 0.19% 0.15% 0.15% 0.14% 0.14% 0.07% 0.07% 0.06%
No. of Shareholders 2,78,0102,89,7403,28,9153,60,2414,06,2204,41,9274,82,8775,43,3365,85,8275,85,4455,88,0535,65,674

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls