JSW Energy Ltd

JSW Energy Ltd

₹ 529 2.37%
28 Mar - 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

Thermal Projects as on Q2FY24[1]
Total Thermal Capacity : 3,858 MW
Operational Capacity : 3,158 MW
Under Construction : Ind-Barath 700 MW

  1. Barmer - lignite - 1,080 MW
  2. Ratnagiri -coal - 1,200 MW
  3. Vijayanagar -coal & gas - 860 MW
  • Market Cap 86,987 Cr.
  • Current Price 529
  • High / Low 538 / 238
  • Stock P/E 118
  • Book Value 86.4
  • Dividend Yield 0.38 %
  • ROCE 6.49 %
  • ROE 4.41 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 93.4%
  • Debtor days have improved from 26.9 to 21.4 days.
  • Company's working capital requirements have reduced from 119 days to 43.0 days

Cons

  • Stock is trading at 6.12 times its book value
  • The company has delivered a poor sales growth of 6.38% over past five years.
  • Company has a low return on equity of 3.66% over last 3 years.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
692 729 758 802 1,002 1,081 1,997 1,141 955 1,647 1,485 1,133 1,276
507 469 559 595 632 813 1,522 949 755 1,306 1,136 739 768
Operating Profit 185 260 199 208 370 268 475 192 200 340 348 394 507
OPM % 27% 36% 26% 26% 37% 25% 24% 17% 21% 21% 23% 35% 40%
8 9 58 115 24 31 139 160 50 50 77 58 22
Interest 46 42 36 35 31 26 30 39 58 133 105 119 118
Depreciation 90 87 88 82 79 78 80 81 80 77 71 69 65
Profit before tax 58 140 133 205 284 195 504 233 112 181 249 263 347
Tax % 39% 37% 33% 35% 33% 20% 32% 33% 29% 27% 33% 28% 28%
35 87 89 133 191 157 344 156 79 132 166 191 251
EPS in Rs 0.21 0.53 0.54 0.81 1.16 0.95 2.09 0.95 0.48 0.80 1.01 1.16 1.53
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
4,961 6,350 5,757 6,302 5,863 4,041 4,212 5,118 4,314 2,898 3,643 5,739 5,540
3,747 4,240 3,744 4,199 3,697 3,136 3,505 4,312 3,417 2,084 2,597 4,532 3,950
Operating Profit 1,214 2,110 2,013 2,103 2,165 905 707 806 897 814 1,046 1,207 1,590
OPM % 24% 33% 35% 33% 37% 22% 17% 16% 21% 28% 29% 21% 29%
-38 130 -116 259 395 328 -166 361 218 62 227 400 208
Interest 508 572 628 586 644 533 476 412 322 210 127 260 476
Depreciation 377 425 453 421 354 364 364 365 369 358 328 317 282
Profit before tax 291 1,244 817 1,356 1,563 337 -299 390 424 308 818 1,030 1,040
Tax % 19% 20% 26% 27% 24% 42% -49% 36% -17% 40% 30% 31%
235 993 602 995 1,182 195 -444 251 498 186 570 711 740
EPS in Rs 1.43 6.05 3.67 6.06 7.21 1.19 -2.71 1.53 3.03 1.13 3.47 4.32 4.50
Dividend Payout % 35% 33% 54% 33% 28% 42% 0% 65% 33% 176% 58% 46%
Compounded Sales Growth
10 Years: -1%
5 Years: 6%
3 Years: 10%
TTM: 7%
Compounded Profit Growth
10 Years: -6%
5 Years: 51%
3 Years: 9%
TTM: 13%
Stock Price CAGR
10 Years: 24%
5 Years: 49%
3 Years: 82%
1 Year: 123%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 4%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1,640 1,640 1,640 1,640 1,627 1,628 1,640 1,641 1,642 1,642 1,640 1,641 1,641
Reserves 4,519 5,133 5,363 5,954 6,965 6,766 8,237 8,527 7,758 9,990 11,848 11,969 12,562
5,368 5,410 4,939 4,232 5,025 3,464 3,140 2,818 2,246 1,603 1,273 6,293 6,375
2,916 2,931 2,331 2,192 3,357 3,361 2,894 2,524 1,909 1,481 1,912 2,047 2,188
Total Liabilities 14,443 15,114 14,272 14,018 16,974 15,218 15,912 15,510 13,555 14,716 16,672 21,949 22,766
6,915 6,946 6,909 6,814 5,415 5,190 5,111 4,853 4,508 4,180 3,957 3,709 3,601
CWIP 801 791 467 256 282 479 261 377 109 34 23 16 13
Investments 2,488 2,895 2,934 3,672 6,669 5,324 6,963 6,703 5,417 8,212 6,867 14,730 16,402
4,238 4,482 3,962 3,275 4,609 4,226 3,577 3,578 3,522 2,290 5,826 3,495 2,750
Total Assets 14,443 15,114 14,272 14,018 16,974 15,218 15,912 15,510 13,555 14,716 16,672 21,949 22,766

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,688 943 1,559 2,622 2,261 1,409 846 397 31 1,086 252 975
-909 -359 -25 -228 -3,468 1,085 -58 445 1,305 -378 710 -5,384
-998 -634 -1,482 -1,670 -218 -2,475 -807 -733 -1,121 -1,011 -881 4,496
Net Cash Flow -220 -49 51 724 -1,425 18 -18 109 215 -304 82 87

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 45 76 63 29 73 76 42 40 50 29 30 21
Inventory Days
Days Payable
Cash Conversion Cycle 45 76 63 29 73 76 42 40 50 29 30 21
Working Capital Days -43 -59 -46 -82 -109 -181 -157 -118 -40 -16 331 43
ROCE % 8% 16% 15% 16% 17% 7% 7% 6% 6% 4% 7% 6%

Shareholding Pattern

Numbers in percentages

19 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.68% 74.67% 74.66% 74.66% 74.66% 74.69% 74.69% 74.66% 74.66% 74.66% 73.39% 73.39%
5.55% 5.91% 5.92% 5.51% 5.36% 5.27% 5.34% 5.14% 5.18% 5.18% 8.38% 8.50%
7.17% 6.46% 7.49% 9.19% 10.16% 10.08% 10.09% 10.08% 10.06% 9.59% 9.69% 9.36%
12.57% 12.95% 11.70% 10.37% 9.55% 9.70% 9.65% 9.86% 9.84% 10.33% 8.33% 8.53%
0.03% 0.01% 0.23% 0.27% 0.27% 0.26% 0.24% 0.27% 0.25% 0.25% 0.22% 0.21%
No. of Shareholders 1,50,8771,84,2861,99,4342,25,1052,35,6442,64,8132,59,2422,59,3292,65,1382,78,0102,89,7403,28,915

* 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.

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Documents

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