JSWHLFinancial Services

JSW Holdings Limited

Investment Company · ISIN INE824G01012 · BSE 532642 · NSE EQ · FV ₹10
Last price
₹10,942
+0.73%today
What this company does

JSW Holdings Limited operates in Investment Company, part of the Financial Services sector. It booked ₹167 cr of revenue in its latest quarter (Q2 FY27) and kept 78.6% of sales as profit. It is the 8th largest of 9 Investment Company companies we track, by market value.

“The Company is primarily engaged in the business of Fair value measurements under Ind AS are categorized investing and financing.”
In the report:
55out of 100
Equitytale Health Score
Mixed

Healthier than 55% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 105–253 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)
40

At close. Not part of the score.

Profitability & returns46

How much profit it earns on the money it employs

Cash quality84

Whether reported profit actually arrives as cash

Growth & consistency27

Whether sales and profit have grown, and how steadily

Valuation52

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

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Strong 79% net margin
✓ Sales up 99% vs last year
✓ Profit up 95% vs last year
✓ Promoters hold 66%
✓ No promoter shares pledged
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
! Low 1.5% return on equity

What if I invest in JSWHL?

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 We do not publish price targets or predict returns.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
₹10,942▲ +0.73%
latest close · 2026-11-04
1-year return
+133.4%
52-wk low ₹2,82152-wk high ₹12,453
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 ratio23.2Average
LowAverageHigh
P/B ratio0.34Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity1.5%Weak
WeakFairStrong ▸15%
Net margin78.6%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
More figures
Market cap
₹12,145 cr
Book value
₹32,249
EPS
₹117.93
latest quarter
Net debt
—
Enterprise value
—
EBITDA
—
EBIT
—
Operating margin
—
Return on assets
1.3%
Earnings yield
4.31%
P/S
18.23
Sales / share
₹600.4
Tax rate
25.3%
Face value
₹10
Shares
1.1 cr
Working capital
—
Current assets
—
Current liabilities
—
Delivery %
50.8%
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 2026-11-04.

Worth vs price · from the FY 2026 report & 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 ₹1,138–₹1,704, midpoint ₹1,421

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 · Q2 FY27 (consolidated)
Revenue from Operations₹167 cr
Other Income₹0 cr
Total Income₹167 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹4 cr
Finance Costs₹0 cr
Depreciation & Amortisation₹0.2 L
Other Expenses₹1 cr
Total Expenses₹5 cr
Profit before Tax₹162 cr
Tax Expense₹41 cr
Share of JV / Associates₹10 cr
Net Profit₹131 cr
Net margin on total income78.6%
Where the money goes · Q2 FY27
% of total income
Employee benefit expense₹4 cr2.0%
Depreciation & amortisation₹0.2 L0.0%
Other expenses₹1 cr0.8%
Tax expense₹41 cr23.2%
Profit for the period₹131 cr74.0%
Total income ₹167 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue33 cr35 cr167 cr
Total income33 cr35 cr167 cr
Expenses3 cr6 cr5 cr
Profit before tax30 cr29 cr162 cr
Tax8 cr8 cr41 cr
Net profit (owners' share)14 cr25 cr131 cr
Net margin (owners' share, on revenue)40.9%70.9%78.6%
EPS (₹)12.2122.11117.93
YoY (latest quarter): total income +99.3% · net profit +94.8%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹40,423 cr
Shareholder equity
₹35,793 cr
parent shareholders
Total debt
₹0 cr
Cash
₹57.5 L
Cash flow · H1 FY27
Operating
₹123 cr
Investing
₹-125 cr
Financing
₹0 cr
Peer comparison
Investment Company · by market value
CompanyPriceMarket capP/E
Jio Financial Services Limited₹214₹1.41 L cr105.0
Aditya Birla Capital Limited₹381₹1.04 L cr20.2
Cholamandalam Financial Holdings Limited₹1,400₹58,367 cr8.2
Tata Investment Corporation Limited₹553₹27,977 cr60.4
TVS Holdings Limited₹12,389₹25,075 cr10.3
Maharashtra Scooters Limited₹12,118₹13,851 cr11.8
Religare Enterprises Limited₹220₹13,248 cr—
JSW Holdings Limitedthis company₹10,863₹12,057 cr23.0
Pilani Investment and Industries Corporation Limited₹3,868₹4,283 cr—
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-09-30
No pledge
Promoter
66.3%
FII / Foreign
22.2%
DII / Domestic
0.2%
Retail / others
11.3%
Smart-money activity
Insider trades
BoughtJSW HOLDINGS EMPLOYEE WELFARE TRUST · Other50 · ₹3.3 L13 Mar 24
BoughtJSW HOLDINGS EMPLOYEE WELFARE TRUST · Other100 · ₹6.8 L12 Mar 24
BoughtJSW HOLDINGS EMPLOYEE WELFARE TRUST · Other50 · ₹3.5 L11 Mar 24
Bulk / block deals
short— · NSE624 Apr 26
short— · NSE7010 Apr 26
short— · NSE19 Apr 26
Stake changes
SoldCatalyst Trusteeship Ltd→ 0.00% · 9.79 L5 Jan 24
BoughtJindal power ltd · promoter→ 3.98% · 4.42 L29 Nov 23
SoldArti Jindal · promoter→ 0.00% · 2,33712 Sep 23
Promoter pledges
ReleasedCatalyst trusteeship ltd and Debenture HOlders5.38 L · 4.84% held5 Jan 24
ReleasedCatalyst Trusteeship Ltd and Debentures Holders4.42 L · 3.98% held5 Jan 24
PledgedCatalyst Trusteeship Ltd4.42 L · 0.00% held29 Nov 23
What shareholders were asked to approve

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.

Yearly shareholder meeting · 31 Jul 2025
See the official result
1
To receive, consider and adopt the Audited Financial Statements of the Company (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2025 and the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
20.78 L votes for, 114 against · 0% of mutual funds and other big investors said no
2
To appoint Mr. Kantilal Narandas Patel (DIN: 00019414) who retires as a Director by rotation at this Annual General Meeting and, being eligible, offers himself for re-appointment
Backed by 96% of shareholders other than promotersneeded 50%
20.01 L votes for, 78,815 against · 4% of mutual funds and other big investors said no
3
To continue Mr. Kantilal Narandas Patel (DIN:00019414) as a Non-Executive, Non-Independent Director of the Company upon completion of 75 years of age
Backed by 97% of shareholders other than promotersneeded 75%
20.23 L votes for, 56,943 against · 3% of mutual funds and other big investors said no
4
Appointment of Secretarial Auditors of the Company
Backed by 100% of shareholders other than promotersneeded 50%
20.71 L votes for, 8,554 against · 0% 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 — 44 named members
owning 66.3% between them · as of 2026-09-30
SIDDESHWARI TRADEX PRIVATE LIMITED11.34%
NALWA SONS INVESTMENTS LIMITED10.24%
VINAMRA CONSULTANCY PVT LTD9.76%
OPJ TRADING PRIVATE LIMITED7.41%
STRATA MULTIVENTURES PRIVATE LIMITED7.41%
VIRTUOUS TRADECORP PRIVATE LIMITED7.41%
JTPM METAL TRADERS LIMITED4.63%
JINDAL POWER LIMITED3.98%

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.