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 ₹ 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.
Peer comparison
Sector: Power Generation & Distribution Industry: Power Generation And Supply
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
- Closure of Trading Window 1d
- Board Meeting Intimation for Intimation Of Board Meeting As per Regulation 29 Of The SEBI (LODR) Regulations, 2015, As Amended, To Consider Raising Of Funds 1d
- Execution Of Business Transfer Agreement By JSW Renewable Energy (Coated) Limited For The Purchase Of The 45 MW Vashpet Wind Project (Business Undertaking) Of Reliance Power Limited As A Going Concern On A Slump Sale Basis 22 Mar
- Letter Of Award From Solar Energy Corporation Of India Limited For Additional 500 MW Wind Capacity 16 Mar
- Letter Of Intent From Gujarat Urja Vikas Nigam Limited For 300 MW Solar Capacity At Khavda RE Park 14 Mar
Annual reports
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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
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Financial Year 2011
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Concalls
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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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Oct 2022TranscriptNotesPPT
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Oct 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Nov 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
Thermal Projects as on Q2FY24[1]
Total Thermal Capacity : 3,858 MW
Operational Capacity : 3,158 MW
Under Construction : Ind-Barath 700 MW