JSW Energy Ltd logo

JSW Energy Ltd

JSWENERGY NSE

Key Fundamentals

MidcapPower GenerationPower
Market Cap
1.0L Cr
Volatility
Moderate
P/E Ratio
50.8
EBITDA
₹11,041 Cr
Return on Equity
8.23%
Debt to Equity
2.5
Book Value
₹186.14
EPS
₹11.18
52W High
₹617.35
52W Low
₹427.75

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view JSW Energy Ltd insights

55 extracted metrics + investor summaries across FY15–FY26.

Log in — free

Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 23.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.5%

Weaknesses

5
  • Stock is trading at 3.23 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -2.88%
  • Tax rate seems low
  • Company has a low return on equity of 7.72% over last 3 years.

Growth Rate

Revenue Growth
57.27% ↗
Net Income Growth
39.31% ↗
Cash Flow Change
157.87% ↗
ROE
20.67% ↗
ROCE
31.06% ↗
EBITDA Margin (Avg.)
14.80% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 15h ago
AI opinion · based on fundamentals
Risk high

JSW Energy Ltd is a ₹1,03,326 Cr market-cap power company trading at a PE of 42.5x and 3.06x book value, with strong revenue growth of 35% TTM but a profit decline of -8% TTM. The company has an ambitious capacity expansion plan targeting 30 GW by FY2030 from ~13,295 MW currently, while carrying a net debt-to-equity ratio of 1.6x.

Bull Case 8
  • Strong revenue momentum with TTM sales growth of 35% and 5-year compounded sales CAGR of 22%
  • Robust capacity expansion pipeline — current installed capacity of ~13,295 MW with a target of 30 GW by FY2030, implying more than doubling from current levels
  • Significant renewable energy pivot with 5,217 MW of installed RE capacity (wind 3,146 MW, hydro 680 MW, solar 1,391 MW) as of FY2025, comprising ~40% of total capacity
  • 5-year compounded profit CAGR of 23%, demonstrating consistent long-term earnings growth
  • Diversification into energy storage with a 40 GWh target by FY2030, positioning for India's grid balancing needs
  • Stock has delivered 3-year CAGR of 25% and 10-year CAGR of 21%, reflecting sustained re-rating
  • Company is expected to deliver a good upcoming quarter based on operational indicators
  • Consistent dividend payout ratio of 17.5% maintained despite heavy capex phase
Bear Case 8
  • TTM profit growth has turned negative at -8%, indicating near-term earnings pressure despite revenue growth
  • Elevated valuation at PE of 42.5x and PB of 3.06x, demanding significant future growth to justify current price
  • Net debt-to-equity at 1.6x with net debt of ~₹44,000 Cr at FY25 end, and net debt-to-EBITDA at 5x, reflecting heavy leverage for expansion
  • Low interest coverage ratio flagged as a concern, raising questions about debt serviceability during expansion phase
  • Low return on equity of 7.72% over the last 3 years (8% 5-year average), weak for a stock trading at 3x book
  • Promoter holding decreased by 2.88% in the last quarter, signalling potential dilution or reduced promoter confidence
  • Dividend yield of only 0.36%, offering minimal income return relative to risk
  • Execution risk in nearly tripling capacity from ~13 GW to 30 GW within 5 years while managing balance sheet

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 7
  • 873 MW added in Q1 FY27 Jul 23

    JSW Energy added 873 MW of renewable capacity in Q1 FY27, including early launch of 150 MW Tidong Hydro project expected to contribute INR 20-22 crores additional EBITDA.

  • ₹444 Cr BESS order win Jul 10

    JSW Energy PSP Eleven Ltd secured orders worth Rs 443.74 crore from Bondada Renewable Energy for BESS and PCS solutions.

  • Merchant BESS and leverage targets Jul 23

    Company exploring merchant BESS plants projected to contribute ~INR 150 crores yearly EBITDA, targeting net leverage below 5x by 2030 with new wind blade plant and GE boiler acquisition closing this quarter.

  • GE Power merger approved Jul 20

    Shareholders and unsecured creditors approved the scheme of arrangement with GE Power India Limited on July 20, 2026.

  • Strong ESG rating assigned Jul 21

    JSW Energy received an ESG rating of 67 under the Strong category by ESGRAIL based on publicly available information.

  • Toshiba JSW stake raised to 20.7% Jul 21

    JSW Energy acquired additional equity in Toshiba JSW Power Systems for INR 150 Cr, increasing stake to 20.7% on non-diluted basis.

  • ₹2 per share dividend declared Jul 9

    JSW Energy declared a dividend of ₹2 per share at its 32nd AGM held on July 9, 2026.

Neutral 3
  • Maruti Clean Coal acquired for ₹1,410 Cr Aug 7

    Acquired 300 MW thermal plant in Korba with 14-year residual PPA and SHAKTI coal supply, reporting FY26 EBITDA of ₹279 crore. Total installed capacity rises to 14,835 MW with locked-in capacity at 32.4 GW.

  • Analyst meets scheduled Aug-Sep Aug 3

    JSW Energy scheduled institutional investor and analyst meetings from August 11 to September 2, 2026.

  • Q1 FY27 earnings call scheduled Jul 17

    JSW Energy announced Q1 FY27 results on July 22, 2026 with conference call at 3:30 PM IST.

TL;DR: JSW Energy is executing well on capacity expansion with 873 MW added in Q1 FY27, strong order wins in BESS, and strategic acquisitions bringing total locked-in capacity to 32.4 GW against a 30 GW by 2030 target. No material headwinds are visible in recent news flow. The company is diversifying into energy storage and strengthening its supply chain through the GE Power merger and Toshiba stake increase. The trend is clearly improving with consistent execution on growth targets and balance sheet discipline.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2,928
3,259
2,543
2,756
2,879
3,238
2,439
3,189
5,143
5,177
4,082
4,499
5,207
Expenses
1,706
1,379
1,432
1,587
1,462
1,553
1,525
1,985
2,355
2,181
2,052
2,249
2,334
Operating Profit
1,222
1,880
1,111
1,169
1,418
1,685
914
1,204
2,789
2,996
2,030
2,250
2,873
OPM %
42%
58%
44%
42%
49%
52%
37%
38%
54%
58%
50%
50%
55%
Other Income
87
134
120
130
167
230
206
313
271
186
111
356
232
Interest
486
514
521
533
511
518
564
675
1,306
1,418
1,485
1,608
1,519
Depreciation
398
409
400
427
375
392
406
482
739
809
829
809
890
PBT
426
1,092
310
339
698
1,005
150
361
1,015
955
-173
188
696
Tax %
32%
22%
25%
-2%
24%
13%
-5%
-15%
18%
14%
-406%
-205%
23%
Net Profit
290
857
232
345
534
877
157
415
836
824
529
574
533
EPS in Rs
1.76
5.17
1.41
2.14
2.99
4.88
0.96
2.33
4.25
4.03
2.4
2.11
2.57
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
9,347
9,824
8,263
8,049
9,138
8,273
6,922
8,167
10,332
11,486
11,745
18,901
18,965
Expenses
5,723
5,796
4,939
5,336
6,283
5,316
4,009
4,596
7,050
6,104
6,524
8,833
8,816
Operating Profit
3,624
4,029
3,324
2,713
2,855
2,957
2,913
3,572
3,282
5,382
5,221
10,068
10,149
OPM %
39%
41%
40%
34%
31%
36%
42%
44%
32%
47%
44%
53%
54%
Other Income
196
340
221
47
398
376
248
575
674
472
916
920
884
Interest
1,137
1,498
1,685
1,456
1,192
1,051
896
777
844
2,053
2,269
5,816
6,030
Depreciation
790
854
969
966
1,164
1,738
1,167
1,131
1,169
1,633
1,655
3,185
3,336
PBT
1,892
2,017
892
338
897
544
1,099
2,238
1,943
2,167
2,214
1,986
1,666
Tax %
27%
28%
30%
75%
24%
6%
25%
22%
24%
20%
10%
-39%
—
Net Profit
1,358
1,460
623
85
684
1,081
823
1,743
1,480
1,725
1,983
2,762
2,459
EPS in Rs
8.23
8.83
3.84
0.48
4.24
6.7
4.84
10.51
8.99
10.47
11.16
12.74
11.11
Div. Payout %
24%
22%
13%
0%
24%
15%
41%
19%
22%
19%
18%
16%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
1,640
1,627
1,628
1,640
1,641
1,642
1,642
1,640
1,641
1,641
1,745
1,756
Reserves
5,878
8,077
8,741
9,470
10,181
10,004
12,865
15,775
16,988
19,191
25,616
28,995
Borrowings
9,294
14,862
14,349
11,883
10,555
9,840
8,371
8,943
25,051
31,573
50,185
76,946
Other Liabilities
2,608
3,973
3,672
3,728
3,549
3,445
3,328
4,157
4,737
5,362
11,909
16,110
Total Liabilities
19,420
28,539
28,389
26,721
25,926
24,931
26,207
30,514
48,417
57,767
89,455
1,23,807
Fixed Assets
13,191
20,298
19,491
18,877
17,825
16,713
15,637
14,831
25,020
28,946
54,155
74,523
CWIP
454
321
531
294
400
391
473
2,091
4,788
10,285
10,281
17,465
Investments
1,619
1,012
1,579
2,415
2,451
1,854
4,052
6,623
6,033
7,035
9,755
11,379
Other Assets
4,157
6,908
6,789
5,135
5,251
5,974
6,045
6,970
12,576
11,501
15,264
20,441
Total Assets
19,420
28,539
28,389
26,721
25,926
24,931
26,207
30,514
48,417
57,767
89,455
1,23,807
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
3,394
3,538
3,853
3,934
2,491
2,082
3,700
2,952
2,084
6,234
3,838
9,898
Investing
-422
-3,272
-762
-215
-55
301
-1,030
-1,387
-6,778
-8,197
-22,990
-18,523
Financing
-2,327
-1,622
-2,595
-3,968
-2,523
-1,962
-2,515
-781
7,327
1,675
20,223
10,617
Net Cash Flow
645
-1,357
496
-249
-87
421
155
784
2,634
-289
1,072
1,993
Free Cash Flow
3,034
3,503
3,484
3,815
2,273
1,989
3,358
658
-2,152
-1,798
-2,868
-213
CFO/OP
106
95
123
151
94
76
133
95
74
123
80
101
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
46
108
96
52
57
93
51
30
54
27
41
31
Cash Conversion Cycle
46
108
96
52
57
93
51
30
54
27
41
31
Working Capital Days
-60
-95
-61
-100
-72
-44
-14
-108
-159
-124
-200
-268
ROCE %
18%
16%
10%
9%
9%
7%
9%
12%
7%
9%
6%
8%

Shareholding Pattern

As of Jun 2026
Promoters 66.53%
DIIs 16.20%
FIIs 11.41%
Public 3.48%
Others 2.38%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026May 2026Jun 2026
Promoters
74.68%
74.67%
74.66%
74.66%
74.66%
74.69%
74.69%
74.66%
74.66%
74.66%
73.38%
73.38%
73.67%
69.32%
69.32%
69.32%
69.32%
69.26%
69.27%
69.27%
69.27%
69.41%
66.53%
66.53%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
8.37%
0.00%
8.37%
13.34%
15.37%
14.92%
14.56%
13.43%
12.36%
12.13%
9.50%
9.74%
11.31%
11.41%
DIIs
7.17%
6.46%
7.49%
9.18%
10.17%
10.08%
0.16%
10.36%
10.83%
0.14%
9.91%
1.10%
9.51%
9.51%
9.21%
9.78%
10.04%
10.94%
11.44%
11.56%
14.43%
14.33%
16.18%
16.20%
Government
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%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
5.39%
4.96%
3.78%
3.43%
3.32%
3.65%
3.37%
3.65%
3.68%
3.95%
3.89%
4.11%
3.78%
3.56%
3.28%
3.20%
3.37%
3.58%
4.06%
4.17%
4.17%
3.93%
3.59%
3.48%
Others
12.75%
13.92%
14.07%
12.72%
11.85%
11.58%
21.78%
11.33%
10.84%
21.25%
4.44%
21.41%
4.67%
4.27%
2.82%
2.78%
2.71%
2.78%
2.87%
2.88%
2.64%
2.58%
2.39%
2.38%
No. of Shareholders
0
1,50,877
1,84,286
1,99,434
2,25,105
2,35,644
2,64,813
2,59,242
2,65,138
2,78,010
2,89,740
3,28,915
3,60,241
3,58,735
4,06,220
4,41,927
4,82,877
5,43,336
5,85,827
5,85,445
5,88,053
5,65,674
5,65,776
5,55,401

Documents

Frequently Asked Questions about JSW Energy Ltd

What does JSW Energy Ltd do?
JSW Energy Ltd and its subsidiaries are primarily engaged in the business of generation of power from its power assets located at Karnataka, Maharashtra, Nandyal and Salboni. It is the holding company for the JSW group's power business. The company also has a JV company engaged in mining activit...
Where is JSW Energy Ltd (JSWENERGY) listed?
JSW Energy Ltd is listed on the Indian stock exchanges. It is listed on NSE: JSWENERGY and BSE: 533148. You can view its live share price, financials, and ratios on Tapetide.
Which sector does JSW Energy Ltd belong to?
JSW Energy Ltd operates in the Power sector within the Power Generation industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of JSW Energy Ltd?
JSW Energy Ltd has a market capitalisation of approximately ₹103325.92 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of JSW Energy Ltd?
The Price-to-Earnings (PE) ratio of JSW Energy Ltd is 50.80. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of JSW Energy Ltd?
Over the past 52 weeks, JSW Energy Ltd has traded between a low of ₹427.75 and a high of ₹617.35. This range helps investors understand the stock's price volatility and recent trading levels.
Does JSW Energy Ltd pay dividends?
Yes, JSW Energy Ltd has a dividend yield of 0.36%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of JSW Energy Ltd?
JSW Energy Ltd has a Return on Equity (ROE) of 8.23%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research JSW Energy Ltd on Tapetide?
On Tapetide, you can view JSW Energy Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

JSW Energy Ltd and its subsidiaries are primarily engaged in the business of generation of power from its power assets located at Karnataka, Maharashtra, Nandyal and Salboni. It is the holding company for the JSW group's power business. The company also has a JV company engaged in mining activities and an associate engaged in manufacturing of turbines.[1]

Website jsw.in
CEO Mr. Sajjan Kumar Jindal B.E.
Employees 3,129
Listed 2010-01-04
Face Value ₹ 10
Issued Size 1,74,77,68,451

Explore More

More in Power → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List