JSW Holdings Ltd
JSW Holdings Ltd is a core investment company (CIC) and is primarily engaged in the business of investing and financing.[1]
- Market Cap ₹ 13,693 Cr.
- Current Price ₹ 12,368
- High / Low ₹ 24,490 / 11,250
- Stock P/E 114
- Book Value ₹ 29,286
- Dividend Yield 0.00 %
- ROCE 0.85 %
- ROE 0.64 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.42 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 0.87% 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
Financial Services Financial Services Finance Investment Company
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 43 | 49 | 50 | 63 | 89 | 107 | 121 | 93 | 186 | 407 | 170 | 248 | 176 | |
| 2 | 3 | 4 | 4 | 5 | 5 | 6 | 5 | 6 | 6 | 12 | 14 | 15 | |
| Operating Profit | 41 | 46 | 47 | 59 | 84 | 102 | 115 | 88 | 180 | 401 | 157 | 234 | 161 |
| OPM % | 95% | 94% | 93% | 94% | 95% | 95% | 95% | 95% | 97% | 99% | 93% | 94% | 92% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 | |
| 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 | 41 | 46 | 47 | 59 | 84 | 102 | 115 | 88 | 180 | 401 | 157 | 234 | 158 |
| Tax % | 20% | 21% | 22% | 20% | 19% | 14% | 10% | 25% | 25% | 25% | 25% | 25% | |
| 33 | 37 | 37 | 47 | 68 | 88 | 104 | 66 | 135 | 300 | 119 | 175 | 118 | |
| EPS in Rs | 29.69 | 33.07 | 32.98 | 42.69 | 61.25 | 79.12 | 93.75 | 59.20 | 121.27 | 269.93 | 106.90 | 157.39 | 106.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 15% |
| 3 Years: | 10% |
| TTM: | -28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 11% |
| 3 Years: | 9% |
| TTM: | -31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 24% |
| 3 Years: | 44% |
| 1 Year: | -49% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 1% |
| 3 Years: | 1% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | 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 | 11 | 11 | 11 |
| Reserves | 713 | 750 | 786 | 834 | 8,103 | 8,168 | 7,052 | 12,496 | 19,660 | 18,982 | 24,463 | 30,441 | 32,495 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2 | 2 | 2 | 2 | 743 | 718 | 600 | 1,443 | 2,802 | 2,629 | 3,816 | 3,955 | 4,283 | |
| Total Liabilities | 726 | 763 | 799 | 847 | 8,858 | 8,897 | 7,663 | 13,950 | 22,473 | 21,622 | 28,290 | 34,407 | 36,789 |
| 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 | 533 | 543 | 517 | 8,502 | 8,511 | 7,230 | 13,451 | 21,836 | 20,685 | 27,231 | 33,187 | 35,496 |
| 188 | 229 | 256 | 330 | 356 | 387 | 433 | 499 | 637 | 938 | 1,060 | 1,220 | 1,294 | |
| Total Assets | 726 | 763 | 799 | 847 | 8,858 | 8,897 | 7,663 | 13,950 | 22,473 | 21,622 | 28,290 | 34,407 | 36,789 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 | 37 | 36 | 32 | 66 | 89 | 103 | 67 | 130 | 298 | 115 | 169 | |
| -30 | -38 | -25 | -43 | -58 | -87 | -108 | -72 | -131 | -298 | -112 | -170 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net Cash Flow | -0 | -1 | 11 | -11 | 8 | 2 | -4 | -5 | -1 | 1 | 3 | -1 |
| Free Cash Flow | 30 | 37 | 36 | 32 | 66 | 89 | 103 | 67 | 130 | 298 | 115 | 169 |
| CFO/OP | 93% | 101% | 98% | 74% | 98% | 101% | 100% | 102% | 98% | 100% | 98% | 98% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 31 | 2 | 2 | 13 | 16 | 8 | 3 | 10 | 6 | 2 | 4 | 0 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 31 | 2 | 2 | 13 | 16 | 8 | 3 | 10 | 6 | 2 | 4 | 0 |
| Working Capital Days | 71 | 1,224 | 454 | 74 | 48 | 36 | 35 | 42 | 32 | 14 | 37 | -3 |
| ROCE % | 6% | 6% | 6% | 7% | 2% | 1% | 2% | 1% | 1% | 2% | 1% | 1% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Shares Held in JSW Steel Limited Number of Shares |
|
||||||||||
| Market Value of JSW Steel Investment ₹ Lakhs |
|||||||||||
| Total JSW Steel Shares Pledged Number of Shares |
|||||||||||
| Percentage Equity Holding in JSW Steel % |
|||||||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
8 May - Enclosed herewith the copies of newspaper publication regarding special window for transfer and dematerialisation of Physical Securities published in Financial express (English) and Mumbai lakshadeep …
-
Announcement under Regulation 30 (LODR)-Credit Rating
7 May - NSE Sustainability assigned JSW Holdings an ESG score of 60 for FY2025, down from 61.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
-
Clarification On Price Movement
30 Mar - March 30, 2026: JSW Holdings says price movement market-driven; no material disclosure required.
-
Clarification sought from JSW Holdings Ltd
30 Mar - Exchange has sought clarification from JSW Holdings Ltd on March 30, 2026 with reference to significant movement in price, in order to ensure that investors …
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Revenue Breakup[1]
Interest: ~61% in 9MFY26 vs ~42% in FY25
Dividend: ~35% in 9MFY26 vs ~54% in FY25
Pledge Fees: ~1% in 9MFY26 vs ~1% in FY25
Management Advisory Service Fees:
~3% in 9MFY26 vs ~2% in FY25
Gain on Fair value Change: >1% in 9MFY26 vs 1% in FY25.