JSW Holdings Ltd

JSW Holdings Ltd

₹ 21,452 -5.00%
13 Jun 9:00 a.m.
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 23,812 Cr.
  • Current Price 21,452
  • High / Low 27,760 / 6,455
  • Stock P/E 122
  • Book Value 28,209
  • Dividend Yield 0.00 %
  • ROCE 0.82 %
  • ROE 0.69 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.80 times its book value
  • Company is expected to give good quarter

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

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
19.18 18.80 337.49 26.02 24.45 26.12 89.17 27.29 26.99 27.23 162.18 29.22 29.46
1.01 1.25 2.13 1.28 1.23 2.92 3.04 2.71 3.41 3.20 3.72 3.27 3.86
Operating Profit 18.17 17.55 335.36 24.74 23.22 23.20 86.13 24.58 23.58 24.03 158.46 25.95 25.60
OPM % 94.73% 93.35% 99.37% 95.08% 94.97% 88.82% 96.59% 90.07% 87.37% 88.25% 97.71% 88.81% 86.90%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 18.17 17.55 335.36 24.74 23.22 23.20 86.13 24.58 23.58 24.03 158.46 25.95 25.60
Tax % 25.76% 25.13% 25.26% 25.38% 25.24% 25.78% 25.95% 25.92% 17.64% 25.30% 25.36% 25.20% 25.51%
15.88 5.55 254.54 29.94 41.46 24.36 63.20 34.71 33.29 52.58 119.64 13.89 9.72
EPS in Rs 14.31 5.00 229.32 26.97 37.35 21.95 56.94 31.27 29.99 47.37 107.79 12.51 8.76
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
63 89 107 121 93 186 407 170 248
4 5 5 6 5 6 6 12 14
Operating Profit 59 84 102 115 88 180 401 157 234
OPM % 94% 95% 95% 95% 95% 97% 99% 93% 94%
0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0
Profit before tax 59 84 102 115 88 180 401 157 234
Tax % 20% 19% 14% 10% 25% 25% 25% 25% 25%
48 70 100 106 75 152 332 156 196
EPS in Rs 43.43 62.66 90.12 95.90 67.77 136.60 298.66 140.15 176.43
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 10%
TTM: 46%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: 9%
TTM: 26%
Stock Price CAGR
10 Years: 35%
5 Years: 66%
3 Years: 90%
1 Year: 236%
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
Equity Capital 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
0 0 0 0 0 0 0 0 0
2 743 718 600 1,443 2,802 2,629 3,816 3,955
Total Liabilities 860 8,998 9,005 7,712 14,045 22,756 22,039 29,251 35,265
0 0 0 0 0 0 0 0 0
CWIP 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
330 356 387 433 499 637 938 1,060 1,220
Total Assets 860 8,998 9,005 7,712 14,045 22,756 22,039 29,251 35,265

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 30
ROCE % 2% 1% 2% 1% 1% 2% 1% 1%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
66.26% 66.28% 66.28% 66.28% 66.28% 66.28% 66.28% 66.28% 66.28% 66.28% 66.28% 66.28%
22.36% 22.38% 22.38% 22.38% 22.38% 22.37% 22.38% 21.42% 21.51% 21.71% 22.28% 22.63%
0.06% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.09% 0.11% 0.11% 0.11% 0.21%
11.26% 11.29% 11.29% 11.28% 11.28% 11.27% 11.28% 12.18% 12.09% 11.89% 11.32% 10.86%
0.05% 0.01% 0.01% 0.02% 0.02% 0.02% 0.01% 0.02% 0.02% 0.01% 0.01% 0.01%
No. of Shareholders 19,31619,68819,50719,30019,47819,67720,11621,67321,87021,93124,72622,550

* 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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