JSWENERGYPower

JSW Energy Limited

Power Generation · ISIN INE121E01018 · BSE 533148 · NSE EQ · FV ₹10
Last price
₹512
+1.45%today
What this company does

JSW Energy Limited operates in Power Generation, part of the Power sector. It booked ₹5,207 cr of revenue in its latest quarter (Q1 FY27) and kept 9.0% of sales as profit. It is the 3rd largest of 9 Power Generation companies we track, by market value.

40out of 100
Equitytale Health Score
Strained

Healthier than 40% of companies in Power, on all six measures of filed financials. Each measure is ranked against the 5–21 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
36

At close. Not part of the score.

Profitability & returns26

How much profit it earns on the money it employs

Balance sheet14

How much it owes, and whether earnings cover the interest

Cash quality50

Whether reported profit actually arrives as cash

Growth & consistency78

Whether sales and profit have grown, and how steadily

Valuation20

What today's price implies, against our models or its peers

Governance & risk83

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 67%
Turns profit into real cash
Watch-outs
! Profit down 37% vs last year
! 13.3% of promoter stake pledged
! Low 6.1% return on equity
! Carries high debt (D/E 2.3)

What if I invest in JSWENERGY?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹512 +1.45%
latest close · 2026-09-17
1-year return
+115.2%
52-wk low ₹18252-wk high ₹583
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio48.5High
LowAverageHigh
P/B ratio3.05High
Below bookModerateHigh
EV / EBITDA13.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.1%Weak
WeakFairStrong ▸15%
Return on capital8.5%Fair
WeakFairStrong
Net margin9.0%Decent
ThinDecentStrong
EBITDA margin59.6%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity2.26High
LowModerateHigh ▸1
Interest cover1.5×Risky
RiskyOkayStrong ▸5×
Current ratio0.76Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹93,821 cr
Book value
₹168
EPS
₹2.64
latest quarter
Net debt
₹71,704 cr
owes more than its cash
Enterprise value
₹1.66 L cr
EBITDA
₹12,410 cr
annualised
EBIT
₹8,852 cr
annualised
Operating margin
42.5%
Return on assets
1.5%
Earnings yield
2.06%
P/S
4.50
Sales / share
₹113.7
Tax rate
23.5%
Face value
₹10
Shares
183.2 cr
Working capital
₹-4,823 cr
Current assets
₹15,407 cr
Current liabilities
₹20,230 cr
Delivery %
54.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹85₹151, midpoint ₹118

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹5,207 cr
Other Income₹229 cr
Total Income₹5,437 cr
Cost of Materials₹1,570 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-40 cr
Employee Benefit Expense₹216 cr
Finance Costs₹1,519 cr
Depreciation & Amortisation₹890 cr
Other Expenses₹587 cr
Total Expenses₹4,743 cr
Profit before Tax₹694 cr
Tax Expense₹163 cr
Share of JV / Associates₹2 cr
Net Profit₹533 cr
Net margin on total income9.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,531 cr28.1%
Employee benefit expense₹216 cr4.0%
Finance costs₹1,519 cr27.9%
Depreciation & amortisation₹890 cr16.4%
Other expenses₹587 cr10.8%
Tax expense₹163 cr3.0%
Profit for the period₹533 cr9.8%
Total income ₹5,437 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue4,082 cr4,499 cr5,207 cr
Total income4,255 cr4,851 cr5,437 cr
Expenses4,366 cr4,666 cr4,743 cr
Profit before tax-176 cr185 cr694 cr
Tax-702 cr-386 cr163 cr
Net profit (owners' share)420 cr372 cr471 cr
Net margin (owners' share, on revenue)10.3%8.3%9.0%
EPS (₹)2.412.122.64
YoY (latest quarter): total income +0.5% · net profit -36.6%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹1.24 L cr
Shareholder equity
₹30,752 cr
parent shareholders
Total debt
₹75,846 cr
Cash
₹4,142 cr
Cash flow · H1 FY26
Operating
₹5,338 cr
Investing
₹-12,899 cr
Financing
₹6,521 cr
Peer comparison
Power Generation · by market value
CompanyPriceMarket capP/E
NTPC Limited₹330₹3.20 L cr11.9
Adani Green Energy Limited₹1,274₹2.10 L cr63.1
JSW Energy Limitedthis company₹512₹93,821 cr48.5
NHPC Limited₹75₹75,539 cr17.2
NTPC Green Energy Limited₹88₹73,798 cr60.8
NLC India Limited₹262₹36,372 cr18.8
Acme Solar Holdings Limited₹411₹29,022 cr27.7
SJVN Limited₹65₹25,445 cr28.4
NAVA LIMITED₹547₹15,490 cr13.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.39%
trailing 12 months
Dividend / share (TTM)
₹2
Last dividend
₹2
ex 5 Jun 2026
ActionDetailEx-date
Dividend₹2 / share5 Jun 2026
Dividend₹2 / share6 Jun 2025
Dividend₹2 / share31 May 2024
Dividend₹2 / share2 Jun 2023
Dividend₹2 / share30 May 2022
Dividend₹2 / share27 Jul 2021
Who owns it · 2026-06-30
13.3% pledged
Promoter
66.5%
FII / Foreign
11.4%
DII / Domestic
16.2%
Retail / others
5.8%
Promoter stake down 7.1% over the last 12 quarters.
Smart-money activity
Insider trades
SoldJSW Energy Employees Welfare Trust · Trust1,413 · ₹7.4 L8 Sep 26
SoldJSW Energy Employees Welfare Trust · Trust1,766 · ₹9.4 L7 Sep 26
SoldJSW Energy Employees Welfare Trust · Trust1,340 · ₹7.2 L4 Sep 26
Bulk / block deals
short · NSE1015 Sep 26
short · NSE110 Sep 26
short · NSE902 Sep 26
Stake changes
BoughtJTPM Metal Traders Limited · promoter→ 69.43% · 95.24 L21 Jan 26
SoldLife Insurance Corporation of India→ 6.69% · 3.51 cr6 Mar 25
BoughtJTPM METAL TRADERS PRIVATE LIMITED · promoter→ 0.29% · 47.00 L4 Mar 24
Promoter pledges
ReleasedDebenture Trustee: Axis Trustee Services limted acting on behalf of NCD Holder i.e Standard Charterd Bank ( Mauritius) Ltd62.50 L · 1.56% held24 Mar 25
PledgedLender: The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch Name in favour shares encumbered: Axis Trustee Services Ltd90.00 L · 1.56% held9 Aug 24
ReleasedLender: Credit Suisee A. G. Singapore Branch, Name In favour shares Encumbered now released: Credit Suisee A. G Mumbai Branch1.13 cr · 2.21% held27 Jun 24
What shareholders were asked to approve
4 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 25 Mar 2026
See the official result
1
Approval for the re-appointment of Mr. Munesh Khanna as an Independent Director
Backed by 96% of shareholders other than promotersneeded 75%
34.57 cr votes for, 1.57 cr against · 5% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 42 named members
owning 66.5% between them · as of 2026-06-30
JSW INVESTMENTS PRIVATE LIMITED16.99%
INDUSGLOBE MULTIVENTURES PRIVATE LIMITED13.96%
SIDDESHWARI TRADEX PRIVATE LIMITED12.60%
JSL LIMITED7.93%
VIRTUOUS TRADECORP PRIVATE LIMITED4.67%
JSW STEEL LIMITED4.66%
TANVI SHETE1.37%
TARINI JINDAL HANDA1.37%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.