JSW Holdings Ltd

JSW Holdings Ltd

₹ 6,801 0.48%
19 Apr 1:34 p.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 7,549 Cr.
  • Current Price 6,801
  • High / Low 7,491 / 3,950
  • Stock P/E 46.1
  • Book Value 20,779
  • Dividend Yield 0.00 %
  • ROCE 2.04 %
  • ROE 1.68 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.33 times its book value
  • Company has delivered good profit growth of 36.7% CAGR over last 5 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 1.22% 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

Consolidated Figures in Rs. Crores / View Standalone

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%
15 11 15 104 17 16 6 255 30 41 24 63 35
EPS in Rs 13.64 10.02 13.42 93.86 15.01 14.31 5.00 229.32 26.97 37.35 21.95 56.94 31.27
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 TTM
63 89 107 121 93 186 407 167
4 5 5 6 5 6 6 10
Operating Profit 59 84 102 115 88 180 401 157
OPM % 94% 95% 95% 95% 95% 97% 99% 94%
0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0
Profit before tax 59 84 102 115 88 180 401 157
Tax % 20% 19% 14% 10% 25% 25% 25%
48 70 100 106 75 152 332 164
EPS in Rs 43.43 62.66 90.12 95.90 67.77 136.60 298.66 147.51
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 36%
3 Years: 50%
TTM: -58%
Compounded Profit Growth
10 Years: %
5 Years: 37%
3 Years: 46%
TTM: -46%
Stock Price CAGR
10 Years: 26%
5 Years: 18%
3 Years: 20%
1 Year: 66%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 1%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
Reserves 847 8,244 8,276 7,101 12,591 19,943 19,399 23,053
0 0 0 0 0 0 0 0
2 743 718 600 1,443 2,802 2,629 3,363
Total Liabilities 860 8,998 9,005 7,712 14,045 22,756 22,039 26,427
0 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0
Investments 531 8,642 8,619 7,279 13,546 22,119 21,102 25,445
330 356 387 433 499 637 938 982
Total Assets 860 8,998 9,005 7,712 14,045 22,756 22,039 26,427

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

Shareholding Pattern

Numbers in percentages

10 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.

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