JSW Holdings Ltd

JSW Holdings Ltd

₹ 20,228 2.05%
28 Nov - 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 22,453 Cr.
  • Current Price 20,228
  • High / Low 27,760 / 13,440
  • Stock P/E 180
  • Book Value 30,255
  • Dividend Yield 0.00 %
  • ROCE 0.82 %
  • ROE 0.69 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.67 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 0.97% 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
337 26 24 26 89 27 27 27 162 29 29 30 84
2 1 1 3 3 3 3 3 4 3 4 4 4
Operating Profit 335 25 23 23 86 25 24 24 158 26 26 26 80
OPM % 99% 95% 95% 89% 97% 90% 87% 88% 98% 89% 87% 88% 96%
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 335 25 23 23 86 25 24 24 158 26 26 26 80
Tax % 25% 25% 25% 26% 26% 26% 18% 25% 25% 25% 26% 25% 25%
255 30 41 24 63 35 33 53 120 14 10 34 67
EPS in Rs 229.32 26.97 37.35 21.95 56.94 31.27 29.99 47.37 107.79 12.51 8.76 30.46 60.52
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
63 89 107 121 93 186 407 170 248 172
4 5 5 6 5 6 6 12 14 14
Operating Profit 59 84 102 115 88 180 401 157 234 158
OPM % 94% 95% 95% 95% 95% 97% 99% 93% 94% 92%
0 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit before tax 59 84 102 115 88 180 401 157 234 158
Tax % 20% 19% 14% 10% 25% 25% 25% 25% 25%
48 70 100 106 75 152 332 156 196 125
EPS in Rs 43.43 62.66 90.12 95.90 67.77 136.60 298.66 140.15 176.43 112.25
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 10%
TTM: -29%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: 9%
TTM: -48%
Stock Price CAGR
10 Years: 36%
5 Years: 44%
3 Years: 66%
1 Year: 43%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 1%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 11 11 11 11 11 11 11 11 11 11
Reserves 847 8,244 8,276 7,101 12,591 19,943 19,399 25,424 31,299 33,571
0 0 0 0 0 0 0 0 0 0
2 743 718 600 1,443 2,802 2,629 3,816 3,955 4,283
Total Liabilities 860 8,998 9,005 7,712 14,045 22,756 22,039 29,251 35,265 37,865
0 0 0 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0
Investments 531 8,642 8,619 7,279 13,546 22,119 21,102 28,191 34,045 36,572
330 356 387 433 499 637 938 1,060 1,220 1,294
Total Assets 860 8,998 9,005 7,712 14,045 22,756 22,039 29,251 35,265 37,865

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
32 66 89 103 67 130 298 115 169
-43 -58 -87 -108 -72 -131 -298 -112 -170
0 0 0 0 0 0 0 0 0
Net Cash Flow -11 8 2 -4 -5 -1 1 3 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 13 16 8 3 10 6 2 4 0
Inventory Days
Days Payable
Cash Conversion Cycle 13 16 8 3 10 6 2 4 0
Working Capital Days 74 48 36 35 42 32 14 37 -3
ROCE % 2% 1% 2% 1% 1% 2% 1% 1%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
66.28% 66.28% 66.28% 66.28% 66.28% 66.28% 66.28% 66.28% 66.28% 66.28% 66.28% 66.28%
22.38% 22.38% 22.38% 22.37% 22.38% 21.42% 21.51% 21.71% 22.28% 22.63% 22.61% 22.64%
0.04% 0.04% 0.04% 0.04% 0.04% 0.09% 0.11% 0.11% 0.11% 0.21% 0.31% 0.26%
11.29% 11.28% 11.28% 11.27% 11.28% 12.18% 12.09% 11.89% 11.32% 10.86% 10.79% 10.80%
0.01% 0.02% 0.02% 0.02% 0.01% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01% 0.01%
No. of Shareholders 19,50719,30019,47819,67720,11621,67321,87021,93124,72622,55023,90824,754

* 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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