JSW Energy Ltd
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]
- Market Cap ₹ 88,918 Cr.
- Current Price ₹ 509
- High / Low ₹ 805 / 419
- Stock P/E 72.8
- Book Value ₹ 127
- Dividend Yield 0.40 %
- ROCE 6.07 %
- ROE 6.54 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 21.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 36.4%
Cons
- Stock is trading at 3.97 times its book value
- The company has delivered a poor sales growth of -1.80% over past five years.
- Tax rate seems low
- Company has a low return on equity of 5.90% over last 3 years.
- Earnings include an other income of Rs.681 Cr.
- Debtor days have increased from 26.9 to 38.1 days.
- Promoter holding has decreased over last 3 years: -5.40%
- Working capital days have increased from 45.2 days to 91.9 days
* 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.
Peer comparison
Sector: Power Generation & Distribution Industry: Power Generation And Supply
Part of BSE 500 BSE 200 Nifty Next 50 Nifty 500 Nifty Energy
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
5,757 | 6,302 | 5,863 | 4,041 | 4,212 | 5,118 | 4,314 | 2,898 | 3,643 | 5,739 | 5,129 | 3,939 | |
3,744 | 4,199 | 3,697 | 3,136 | 3,505 | 4,312 | 3,417 | 2,084 | 2,597 | 4,532 | 3,411 | 2,733 | |
Operating Profit | 2,013 | 2,103 | 2,165 | 905 | 707 | 806 | 897 | 814 | 1,046 | 1,207 | 1,718 | 1,207 |
OPM % | 35% | 33% | 37% | 22% | 17% | 16% | 21% | 28% | 29% | 21% | 34% | 31% |
-116 | 259 | 395 | 328 | -166 | 361 | 218 | 62 | 227 | 400 | 210 | 681 | |
Interest | 628 | 586 | 644 | 533 | 476 | 412 | 322 | 210 | 127 | 260 | 478 | 365 |
Depreciation | 453 | 421 | 354 | 364 | 364 | 365 | 369 | 358 | 328 | 317 | 270 | 243 |
Profit before tax | 817 | 1,356 | 1,563 | 337 | -299 | 390 | 424 | 308 | 818 | 1,030 | 1,181 | 1,279 |
Tax % | 26% | 27% | 24% | 42% | 49% | 36% | -17% | 40% | 30% | 31% | 20% | 5% |
602 | 995 | 1,182 | 195 | -444 | 251 | 498 | 186 | 570 | 711 | 950 | 1,221 | |
EPS in Rs | 3.67 | 6.06 | 7.21 | 1.19 | -2.71 | 1.53 | 3.03 | 1.13 | 3.47 | 4.32 | 5.78 | 6.99 |
Dividend Payout % | 54% | 33% | 28% | 42% | 0% | 65% | 33% | 176% | 58% | 46% | 35% | 29% |
Compounded Sales Growth | |
---|---|
10 Years: | -5% |
5 Years: | -2% |
3 Years: | 3% |
TTM: | -23% |
Compounded Profit Growth | |
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10 Years: | 2% |
5 Years: | 21% |
3 Years: | 29% |
TTM: | 30% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 67% |
3 Years: | 20% |
1 Year: | -16% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 5% |
3 Years: | 6% |
Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1,640 | 1,640 | 1,627 | 1,628 | 1,640 | 1,641 | 1,642 | 1,642 | 1,640 | 1,641 | 1,641 | 1,745 |
Reserves | 5,363 | 5,954 | 6,965 | 6,766 | 8,237 | 8,527 | 7,758 | 9,990 | 11,848 | 11,969 | 13,471 | 20,491 |
4,939 | 4,232 | 5,025 | 3,464 | 3,140 | 2,818 | 2,246 | 1,603 | 1,273 | 6,293 | 7,020 | 9,788 | |
2,331 | 2,192 | 3,357 | 3,361 | 2,894 | 2,524 | 1,909 | 1,481 | 1,912 | 2,047 | 2,478 | 2,102 | |
Total Liabilities | 14,272 | 14,018 | 16,974 | 15,218 | 15,912 | 15,510 | 13,555 | 14,716 | 16,672 | 21,949 | 24,610 | 34,127 |
6,909 | 6,814 | 5,415 | 5,190 | 5,111 | 4,853 | 4,508 | 4,180 | 3,957 | 3,709 | 3,511 | 3,361 | |
CWIP | 467 | 256 | 282 | 479 | 261 | 377 | 109 | 34 | 23 | 16 | 20 | 90 |
Investments | 2,934 | 3,672 | 6,669 | 5,324 | 6,963 | 6,703 | 5,417 | 8,212 | 6,867 | 14,730 | 17,413 | 23,257 |
3,962 | 3,275 | 4,609 | 4,226 | 3,577 | 3,578 | 3,522 | 2,290 | 5,826 | 3,495 | 3,665 | 7,418 | |
Total Assets | 14,272 | 14,018 | 16,974 | 15,218 | 15,912 | 15,510 | 13,555 | 14,716 | 16,672 | 21,949 | 24,610 | 34,127 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,559 | 2,622 | 2,261 | 1,409 | 846 | 397 | 31 | 1,086 | 252 | 975 | 2,266 | 833 | |
-25 | -228 | -3,468 | 1,085 | -58 | 445 | 1,305 | -378 | 710 | -5,384 | -1,650 | -7,548 | |
-1,482 | -1,670 | -218 | -2,475 | -807 | -733 | -1,121 | -1,011 | -881 | 4,496 | -83 | 6,993 | |
Net Cash Flow | 51 | 724 | -1,425 | 18 | -18 | 109 | 215 | -304 | 82 | 87 | 533 | 277 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 63 | 29 | 73 | 76 | 42 | 40 | 50 | 29 | 30 | 21 | 21 | 38 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 63 | 29 | 73 | 76 | 42 | 40 | 50 | 29 | 30 | 21 | 21 | 38 |
Working Capital Days | -46 | -82 | -109 | -181 | -157 | -118 | -40 | -16 | 331 | 43 | 1 | 92 |
ROCE % | 15% | 16% | 17% | 7% | 7% | 6% | 6% | 4% | 7% | 6% | 8% | 6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
20h - JSW Energy reports FY25 results; announces 30 GW capacity target, ₹1.3 lakh crore capex by 2030, and key acquisitions.
- Intimation Of The Record Date For Payment Of Dividend On The Equity Shares Of The Company For The Financial Year 2024-25 15 May
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
15 May - JSW Energy reports no deviation in QIP proceeds utilization for quarter ended March 2025.
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Appointment Of Purwar & Purwar Associates LLP As The Secretarial Auditor Of The Company
15 May - JSW Energy approved FY25 audited results, Rs. 2/share dividend, Rs. 10,000 Cr fund raise, and key appointments.
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31St Annual General Meeting Of The Company
15 May - JSW Energy approved FY25 audited results, Rs.10,000 Cr fund raise, director re-appointment, dividend Rs.2/share, new COO appointed.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
from nse
Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Oct 2024TranscriptNotesPPT
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Jul 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Jan 2024TranscriptNotesPPT REC
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Oct 2023Transcript PPT
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Oct 2023TranscriptNotesPPT
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Jul 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Jan 2023Transcript PPT
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Oct 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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Jul 2022TranscriptNotesPPT
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Jan 2022TranscriptPPT
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Oct 2021TranscriptPPT
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Jul 2021TranscriptPPT
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Jun 2021TranscriptPPT
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Jan 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Jul 2020TranscriptPPT
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May 2020TranscriptPPT
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Feb 2020TranscriptPPT
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Nov 2019TranscriptPPT
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Aug 2019TranscriptPPT
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May 2019TranscriptPPT
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Jan 2019TranscriptPPT
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Aug 2017TranscriptPPT
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Jan 2017TranscriptPPT
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Oct 2016TranscriptPPT
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Jul 2016TranscriptPPT
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Jan 2016TranscriptPPT
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. [3]