JSW Holdings Ltd

JSW Holdings Ltd

₹ 6,847 -1.86%
26 Apr - close price
About

JSW Holdings Ltd is a core investment company (CIC) and is primarily engaged in the business of investing and financing.[1]

Key Points

Revenue Breakup
In FY21, interest on loans accounted for ~53% revenues, followed by dividend income (39%) and pledge fees (8%).[1]

  • Market Cap 7,600 Cr.
  • Current Price 6,847
  • High / Low 7,491 / 4,086
  • Stock P/E 65.2
  • Book Value 20,179
  • Dividend Yield 0.00 %
  • ROCE 2.07 %
  • ROE 1.55 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.34 times its book value
  • Company has delivered good profit growth of 34.5% CAGR over last 5 years
  • Company's median sales growth is 20.7% of last 10 years
  • Company's working capital requirements have reduced from 29.0 days to 13.5 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 1.11% 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: Finance Industry: Finance & Investments

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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
15 15 16 134 17 19 19 337 26 24 26 89 27
1 2 1 2 2 1 1 2 1 1 3 3 3
Operating Profit 14 13 14 133 15 18 18 335 25 23 23 86 25
OPM % 91% 89% 93% 99% 88% 95% 93% 99% 95% 95% 89% 97% 90%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 14 13 14 133 15 18 18 335 25 23 23 86 25
Tax % 25% 23% 26% 25% 25% 26% 25% 25% 25% 25% 26% 26% 26%
10 10 11 99 11 13 13 251 18 17 17 64 18
EPS in Rs 9.19 9.17 9.62 89.46 10.04 12.14 11.84 225.83 16.62 15.64 15.51 57.47 16.42
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
32 29 43 49 50 63 89 107 121 93 186 407 167
2 3 2 3 4 4 5 5 6 5 6 6 10
Operating Profit 30 26 41 46 47 59 84 102 115 88 180 401 157
OPM % 93% 90% 95% 94% 93% 94% 95% 95% 95% 95% 97% 99% 94%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 30 26 41 46 47 59 84 102 115 88 180 401 157
Tax % 11% 18% 20% 21% 22% 20% 19% 14% 10% 25% 25% 25%
27 22 33 37 37 47 68 88 104 66 135 300 117
EPS in Rs 24.04 19.53 29.69 33.07 32.98 42.69 61.25 79.12 93.75 59.20 121.27 269.93 105.04
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 30%
5 Years: 36%
3 Years: 50%
TTM: -58%
Compounded Profit Growth
10 Years: 30%
5 Years: 35%
3 Years: 42%
TTM: -61%
Stock Price CAGR
10 Years: 28%
5 Years: 18%
3 Years: 20%
1 Year: 58%
Return on Equity
10 Years: 1%
5 Years: 1%
3 Years: 1%
Last Year: 2%

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 11 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 658 680 713 750 786 834 8,103 8,168 7,052 12,496 19,660 18,982 22,387
0 0 0 0 0 0 0 0 0 0 0 0 0
1 2 2 2 2 2 743 718 600 1,443 2,802 2,629 3,363
Total Liabilities 671 693 726 763 799 847 8,858 8,897 7,663 13,950 22,473 21,622 25,761
0 0 0 0 0 0 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 537 537 537 533 543 517 8,502 8,511 7,230 13,451 21,836 20,685 24,779
133 156 188 229 256 330 356 387 433 499 637 938 982
Total Assets 671 693 726 763 799 847 8,858 8,897 7,663 13,950 22,473 21,622 25,761

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
26 23 30 37 36 32 66 89 103 67 130 298
-26 -22 -30 -38 -25 -43 -58 -87 -108 -72 -131 -298
0 0 0 0 0 0 0 0 0 0 0 0
Net Cash Flow 0 1 -0 -1 11 -11 8 2 -4 -5 -1 1

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 34 36 31 2 2 13 16 8 3 10 6 2
Inventory Days
Days Payable
Cash Conversion Cycle 34 36 31 2 2 13 16 8 3 10 6 2
Working Capital Days 673 707 71 1,224 454 74 48 36 35 42 32 14
ROCE % 5% 4% 6% 6% 6% 7% 2% 1% 2% 1% 1% 2%

Shareholding Pattern

Numbers in percentages

9 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.42% 61.42% 66.26% 66.26% 66.26% 66.28% 66.28% 66.28% 66.28% 66.28% 66.28% 66.28%
26.89% 26.89% 22.36% 22.36% 22.36% 22.38% 22.38% 22.38% 22.38% 22.37% 22.38% 21.42%
0.07% 0.07% 0.06% 0.06% 0.06% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.09%
11.34% 11.34% 11.27% 11.26% 11.26% 11.29% 11.29% 11.28% 11.28% 11.27% 11.28% 12.18%
0.28% 0.29% 0.05% 0.05% 0.05% 0.01% 0.01% 0.02% 0.02% 0.02% 0.01% 0.02%
No. of Shareholders 18,55318,74018,87619,10319,31619,68819,50719,30019,47819,67720,11621,673

* 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.

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