Power
Valuation | |
|---|---|
| Market Cap | 92.19 kCr |
| Price/Earnings (Trailing) | 45.47 |
| Price/Sales (Trailing) | 5.45 |
| EV/EBITDA | 17.67 |
| Price/Free Cashflow | -33.38 |
| MarketCap/EBT | 37.38 |
| Enterprise Value | 1.57 LCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -0.70% |
| Price Change 1M | -1.7% |
| Price Change 6M | 12.4% |
| Price Change 1Y | -22.3% |
| 3Y Cumulative Return | 14.8% |
| 5Y Cumulative Return | 54.5% |
| 7Y Cumulative Return | 34.7% |
| 10Y Cumulative Return | 18.9% |
| Revenue (TTM) |
| 16.91 kCr |
| Rev. Growth (Yr) | 55% |
| Earnings (TTM) | 2.23 kCr |
| Earnings Growth (Yr) | -6% |
Profitability | |
|---|---|
| Operating Margin | 15% |
| EBT Margin | 15% |
| Return on Equity | 7.06% |
| Return on Assets | 1.96% |
| Free Cashflow Yield | -3% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -23.61 kCr |
| Cash Flow from Operations (TTM) | 3.84 kCr |
| Cash Flow from Financing (TTM) | 20.22 kCr |
| Cash & Equivalents | 3.68 kCr |
| Free Cash Flow (TTM) | -2.87 kCr |
| Free Cash Flow/Share (TTM) | -16.42 |
Balance Sheet | |
|---|---|
| Total Assets | 1.14 LCr |
| Total Liabilities | 82.08 kCr |
| Shareholder Equity | 31.6 kCr |
| Current Assets | 13.76 kCr |
| Current Liabilities | 17.89 kCr |
| Net PPE | 59.6 kCr |
| Inventory | 978.4 Cr |
| Goodwill | 639.82 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.6 |
| Debt/Equity | 2.16 |
| Interest Coverage | -0.38 |
| Interest/Cashflow Ops | 2.25 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 2 |
| Dividend Yield | 0.38% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 6.3% |
Balance Sheet: Reasonably good balance sheet.
Size: It is among the top 200 market size companies of india.
Smart Money: Smart money has been increasing their position in the stock.
Growth: Awesome revenue growth! Revenue grew 40.4% over last year and 63.4% in last three years on TTM basis.
Profitability: Recent profitability of 13% is a good sign.
Insider Trading: Significant insider selling noticed recently.
Momentum: Stock has a weak negative price momentum.
Balance Sheet: Reasonably good balance sheet.
Size: It is among the top 200 market size companies of india.
Smart Money: Smart money has been increasing their position in the stock.
Growth: Awesome revenue growth! Revenue grew 40.4% over last year and 63.4% in last three years on TTM basis.
Profitability: Recent profitability of 13% is a good sign.
Insider Trading: Significant insider selling noticed recently.
Momentum: Stock has a weak negative price momentum.
Investor Care | |
|---|---|
| Dividend Yield | 0.38% |
| Dividend/Share (TTM) | 2 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 11.6 |
Financial Health | |
|---|---|
| Current Ratio | 0.77 |
| Debt/Equity | 2.16 |
Technical Indicators | |
|---|---|
| RSI (14d) | 36.59 |
| RSI (5d) | 42.63 |
| RSI (21d) | 45.75 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Updated Aug 4, 2025
Despite the strong earnings report, JSW Energy shares have declined 20.01% year-to-date, closing at Rs 514.95.
While the company reported impressive operational metrics, its share price performance has not reflected this growth, leading to investor concerns.
The stock's recent decline, despite positive financial results, highlights a disconnect between market performance and operational success.
Summary of JSW Energy's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the Q2 FY26 earnings call, management provided a positive outlook for JSW Energy, emphasizing a significant turnaround in the power sector. Key highlights include a 3.3% increase in power demand year-on-year to 449 billion units in Q2, and a 0.8% rise in H1 demand. Management noted that India's installed power capacity has reached 501 GW, with renewable energy driving growth, contributing 25 GW in H1 FY26.
For thermal energy, the currently installed capacity stands at 245 GW, with projections indicating a rise to nearly 300 GW by FY32. Management reported winning several state thermal bids, totaling 11.6 GW in H1 FY26. Notably, they secured a 400 MW LOA for the Utkal plant, enhancing cash flow predictability and reducing open capacity from 8% to 5%.
Management expects continued robustness in under-construction projects, stating they are developing 12.5 GW of generation projects, fully tied under long-term PPAs. These projects are expected to raise total capacity to approximately 26 GW upon completion.
Financially, net generation soared by 52% YoY in Q2 FY26, reaching 14.9 billion units, contributing to a 55% increase in total revenue to over Rs.5,300 crores. EBITDA was also strong, rising by 67% to Rs.3,200 crores, while the net debt stood at approximately Rs.62,000 crores.
Looking ahead, capital expenditures are projected at Rs.1,30,000 crores by 2030, targeting a capacity expansion to 30 GW and 40 GWh of energy storage. Among strategic developments, management highlighted the acquisition of GE Power India's Boiler Manufacturing Business, bolstering in-house capabilities. Additionally, the establishment of a battery assembly plant in Pune and the acquisition of the Tidong Hydro Power Plant are seen as pivotal moves for future growth.
Overall, the management remains committed to executing their strategy emphasizing energy security and sustainability, projecting sustained growth and improved returns.
Understand JSW Energy ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| JSW INVESTMENTS PRIVATE LIMITED | 17.82% |
| INDUSGLOBE MULTIVENTURES PRIVATE LIMITED | 14.65% |
| SIDDESHWARI TRADEX PRIVATE LIMITED | 13.21% |
| JSL LIMITED | 8.32% |
| LIFE INSURANCE CORPORATION OF INDIA | 5.65% |
| JSW STEEL LIMITED | 4.88% |
| GQG PARTNERS EMERGING MARKETS EQUITY FUND |
Detailed comparison of JSW Energy against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| NTPC | NTPC | 3.27 LCr | 1.9 LCr | -1.00% | -17.40% | 13.75 | 1.72 | - | - |
| POWERGRID | POWER GRID Corp OF INDIA | 2.68 LCr | 47.62 kCr |
Comprehensive comparison against sector averages
JSWENERGY metrics compared to Power
| Category | JSWENERGY | Power |
|---|---|---|
| PE | 45.47 | 20.02 |
| PS | 5.45 | 2.97 |
| Growth | 40.4 % | 4.7 % |
JSW Energy is a Power Generation company, prominently trading under the stock ticker JSWENERGY. With a market capitalization of Rs. 83,228.8 Crores, it plays a vital role in generating and selling power across India.
The company boasts a total power generation capacity of 7,245 MW, which is composed of:
JSW Energy conducts operations in several Indian states, including Karnataka, Punjab, Maharashtra, Tamil Nadu, Himachal Pradesh, Odisha, Andhra Pradesh, Telangana, Madhya Pradesh, Gujarat, and Rajasthan. In addition to power generation, it is involved in power transmission and trading activities, as well as coal mining operations in South Africa.
Founded in 1994 and based in Mumbai, India, the company reported a trailing 12 months revenue of Rs. 12,021.5 Crores. It offers dividends to its investors with a yield of 0.58% per year and distributed Rs. 4 as a dividend per share over the last year.
JSW Energy has experienced a dilution of its shareholders' equity, reducing their stakes by 6.3% over the past three years. On a positive note, the company has proven to be profitable, with a profit of Rs. 1,913.6 Crores recorded in the last four quarters, and a robust revenue growth of 56.2% during the same period.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
JSWENERGY vs Power (2021 - 2025)
JSW Energy's consolidated net profit soared by 42% to Rs 743 crore for Q1 FY26, driven by strategic capacity additions and a strong focus on renewable energy.
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Q1: "Is it possible to explain the lower EBITDA in Karcham and Baspa during the quarter?"
A1: The lower EBITDA is primarily due to the Supreme Court order affecting our sale of free power. Previously, we sold this power in the merchant market, but now we're obligated to supply it to the Government of Himachal Pradesh, leading to reduced EBITDA despite better generation figures.
Q2: "On the Ind-Barath EBITDA, is it lower QoQ?"
A2: The lower EBITDA in Ind-Barath is attributed to a scheduled planned shutdown of units for maintenance. This aligns with our strategy to prepare for increased seasonal demand in the second half of the year.
Q3: "What is the purpose of acquiring GE Power assets, specifically in boiler manufacturing?"
A3: Acquiring GE's boiler business enhances our in-house capabilities, allowing us to produce key pressure parts critical for our thermal expansion. This strategy addresses supply constraints from existing suppliers and ensures timely delivery for our projects, especially for Salboni.
Q4: "Are you seeing instances of grid curtailment for RE capacities during solar hours?"
A4: While there have been capacity evacuation challenges due to increased solar capacity, we haven't faced significant curtailments so far. Timely rescheduling is crucial, and regulations protect developers during such instances, ensuring revenue is maintained under PPAs.
Q5: "How confident are you about your capacity addition targets for FY26?"
A5: We have no significant impediments to completing our projects; all necessary connectivity and land are secured. We anticipate a significant uptick in CAPEX and capacity additions in the second half to meet our targets.
Q6: "What are the terms for the Karnataka LOA for Ind-Barath?"
A6: The tariff for this LOA is Rs.5.78 per unit at the regional periphery. Given our proximity to MCL, our fuel procurement costs will be attractive, which supports favorable economics for the plant.
Q7: "Can you discuss the ongoing trends with thermal state PPAs?"
A7: States are increasingly looking to sign new thermal PPAs within their borders, emphasizing regional development and employment, which is leading to a stronger pipeline of bids across several states.
Q8: "What timeline do you expect for signing pending PPAs?"
A8: While we can't provide a specific timeline for signing pending PPAs, especially for solar, we remain confident about reaching our target capacity of 30 GW and are well-positioned to do so, despite delays.
Q9: "What will the annual production capacity be for your in-house boiler facility?"
A9: The new boiler facility can produce the equivalent of 1.5 boiler units per year, though it will take about 18 months to deliver a complete boiler, aligning with our project timelines.
Q10: "Can you provide CAPEX figures for your battery energy storage systems?"
A10: We cannot disclose specific CAPEX per MWh for BESS. The cost varies due to multiple factors, including supplier negotiations and project designs, which makes providing a fixed number challenging. However, we aim for mid-to-high-teen IRR on all bids.
| 1.79% |
| TARINI JINDAL HANDA | 1.43% |
| TANVI SHETE | 1.43% |
| PARTH JINDAL | 1.01% |
| JSW STEEL COATED PRODUCTS LTD | 0.52% |
| AMBA RIVER COKE LIMITED | 0.41% |
| SEEMA JAJODIA | 0.19% |
| JSW CEMENT LIMITED | 0.15% |
| SOUTH WEST MINING LIMITED | 0.02% |
| FOREIGN INSTITUTIONAL INVESTORS | 0.02% |
| JSW JAIGARH PORT LIMITED | 0.01% |
| PRITHAVI RAJ JINDAL | 0% |
| RATAN JINDAL | 0% |
| TANVI JINDAL FAMILY TRUST (TRUSTEES SAJJAN JINDAL, SANGITA JINDAL, TANVI SHETE) | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| -10.20% |
| 17.37 |
| 5.63 |
| - |
| - |
| ADANIGREEN | Adani Green Energy | 1.88 LCr | 13.17 kCr | +7.10% | -28.70% | 95.96 | 14.26 | - | - |
| TATAPOWER | Tata Power Co. | 1.29 LCr | 67.85 kCr | +3.50% | -8.00% | 31.91 | 1.91 | - | - |
| TORNTPOWER | TORRENT POWER | 66.34 kCr | 28.55 kCr | +8.30% | -27.70% | 23.8 | 2.32 | - | - |
| CESC | CESC | 23.85 kCr | 19.06 kCr | +10.80% | -4.90% | 16.46 | 1.25 | - | - |
| RPOWER | Reliance Power | 19.2 kCr | 8.21 kCr | +1.60% | +8.60% | 6.03 | 2.34 | - | - |
| 0.2% |
| 4,408 |
| 4,399 |
| 3,142 |
| 2,495 |
| 2,463 |
| 2,348 |
| Profit Before exceptional items and Tax | -5.7% | 954 | 1,012 | 355 | 145 | 997 | 694 |
| Total profit before tax | -5.7% | 954 | 1,012 | 355 | 145 | 997 | 694 |
| Current tax | 37.8% | 114 | 83 | 92 | 59 | 132 | 103 |
| Deferred tax | -82.3% | 18 | 97 | -146.12 | -66.25 | -4.32 | 61 |
| Total tax | -27.4% | 131 | 180 | -53.8 | -7.41 | 128 | 164 |
| Total profit (loss) for period | -1.4% | 824 | 836 | 415 | 157 | 877 | 534 |
| Other comp. income net of taxes | 318.9% | 858 | -390.56 | 1,179 | -980.98 | 517 | 619 |
| Total Comprehensive Income | 278.6% | 1,682 | 445 | 1,594 | -823.53 | 1,394 | 1,153 |
| Earnings Per Share, Basic | -6.7% | 4.04 | 4.26 | 2.34 | 0.96 | 4.9 | 3 |
| Earnings Per Share, Diluted | -6.5% | 4.04 | 4.25 | 2.34 | 0.96 | 4.88 | 3 |
| Debt equity ratio | 0% | 0.0234 | 0.0236 | 0.0181 | 0.01 | 0.01 | - |
| Debt service coverage ratio | 0% | 0.012 | 0.0123 | 0.0162 | 0.01 | 0.02 | - |
| Interest service coverage ratio | -0.1% | 0.024 | 0.0252 | 0.0267 | 0.02 | 0.04 | - |
| 32.9% |
| 203 |
| 153 |
| 135 |
| 124 |
| 112 |
| 119 |
| Finance costs | -23.7% | 365 | 478 | 260 | 127 | 210 | 322 |
| Depreciation and Amortization | -10% | 243 | 270 | 317 | 328 | 358 | 369 |
| Other expenses | 25.2% | 513 | 410 | 399 | 407 | 194 | 227 |
| Total Expenses | -19.7% | 3,341 | 4,158 | 5,109 | 3,053 | 2,652 | 4,111 |
| Profit Before exceptional items and Tax | 8.3% | 1,279 | 1,181 | 910 | 818 | 308 | 401 |
| Exceptional items before tax | - | 0 | 0 | 120 | 0 | 0 | 23 |
| Total profit before tax | 8.3% | 1,279 | 1,181 | 1,030 | 818 | 308 | 424 |
| Current tax | 7.2% | 225 | 210 | 157 | 175 | 40 | 5.5 |
| Deferred tax | -939.6% | -166.91 | 21 | 162 | 73 | 81 | -79.44 |
| Total tax | -75.2% | 58 | 231 | 319 | 248 | 122 | -73.94 |
| Total profit (loss) for period | 28.6% | 1,221 | 950 | 711 | 570 | 186 | 498 |
| Other comp. income net of taxes | 46% | 1,284 | 880 | -276.12 | 1,691 | 2,208 | -1,075.85 |
| Total Comprehensive Income | 36.8% | 2,505 | 1,831 | 435 | 2,261 | 2,394 | -578.04 |
| Earnings Per Share, Basic | 25.5% | 7.01 | 5.79 | 4.33 | 3.47 | 1.13 | 3.03 |
| Earnings Per Share, Diluted | 25.5% | 7 | 5.78 | 4.32 | 3.46 | 1.13 | 3.03 |
| Debt equity ratio | 0% | 044 | 046 | 046 | 009 | 014 | 024 |
| Debt service coverage ratio | 0.1% | 0.0298 | 0.0289 | 0.0376 | 0.0459 | 0.0102 | 0.0111 |
| Interest service coverage ratio | 0.2% | 0.064 | 0.0622 | 0 | 0 | 0.0517 | 0.0436 |
| 23.6% |
| 111 |
| 90 |
| 47 |
| 18 |
| 13 |
| 16 |
| Non-current investments | 19.3% | 27,066 | 22,697 | 20,402 | 17,335 | 16,275 | 4,921 |
| Loans, non-current | 26.8% | 4,845 | 3,820 | 81 | 81 | 81 | 80 |
| Total non-current financial assets | 19.7% | 33,095 | 27,650 | 21,720 | 18,623 | 17,443 | 6,074 |
| Total non-current assets | 17.3% | 36,703 | 31,284 | 25,366 | 22,350 | 21,225 | 19,714 |
| Total assets | 13.8% | 38,850 | 34,127 | 28,253 | 24,610 | 22,766 | 21,949 |
| Borrowings, non-current | 11% | 5,964 | 5,375 | 2,269 | 4,441 | 3,162 | 3,136 |
| Total non-current financial liabilities | 10.8% | 5,983 | 5,398 | 2,282 | 4,456 | 3,178 | 3,155 |
| Provisions, non-current | 23.1% | 33 | 27 | 27 | 24 | 26 | 22 |
| Total non-current liabilities | 9.4% | 7,345 | 6,715 | 3,707 | 5,589 | 4,316 | 4,151 |
| Borrowings, current | 79.7% | 7,876 | 4,384 | 2,387 | 2,564 | 3,196 | 3,137 |
| Total current financial liabilities | 71.9% | 8,473 | 4,929 | 3,008 | 3,652 | 4,135 | 4,110 |
| Provisions, current | 8.3% | 14 | 13 | 9.81 | 9.23 | 7.73 | 8.89 |
| Current tax liabilities | -60.8% | 41 | 103 | 100 | 60 | 37 | 37 |
| Total current liabilities | 69.6% | 8,778 | 5,176 | 3,202 | 3,908 | 4,248 | 4,189 |
| Total liabilities | 35.6% | 16,124 | 11,891 | 6,909 | 9,498 | 8,563 | 8,340 |
| Equity share capital | 0.1% | 1,746 | 1,745 | 1,745 | 1,641 | 1,641 | 1,641 |
| Total equity | 2.2% | 22,727 | 22,236 | 21,344 | 15,112 | 14,203 | 13,609 |
| Total equity and liabilities | 13.8% | 38,850 | 34,127 | 28,253 | 24,610 | 22,766 | 21,949 |
| 22 |
| 12 |
| 11 |
| 7.54 |
| - |
| - |
| Net Cashflows from Operations | -59.7% | 994 | 2,463 | 1,185 | 419 | - | - |
| Income taxes paid (refund) | -18.3% | 162 | 198 | 210 | 167 | - | - |
| Net Cashflows From Operating Activities | -63.3% | 833 | 2,266 | 975 | 252 | - | - |
| Cashflows used in obtaining control of subsidiaries | -100% | 0.03 | 2,404 | 1,947 | 179 | - | - |
| Proceeds from sales of PPE | -200% | 0.22 | 0.74 | 0.05 | 80 | - | - |
| Purchase of property, plant and equipment | 48.8% | 126 | 85 | 53 | 72 | - | - |
| Purchase of other long-term assets | - | 50 | 0 | 0 | 0 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | - | 73 | 0 | 0 | 273 | - | - |
| Dividends received | 368.9% | 348 | 75 | 122 | 46 | - | - |
| Interest received | 57.6% | 94 | 60 | 31 | 130 | - | - |
| Other inflows (outflows) of cash | -11367.2% | -469.97 | 5.18 | 868 | -83.95 | - | - |
| Net Cashflows From Investing Activities | -357.1% | -7,548.2 | -1,650.48 | -5,384.17 | 710 | - | - |
| Proceeds from issuing shares | - | 4,944 | 0 | 0 | 0 | - | - |
| Payments to acquire or redeem entity's shares | - | 0 | 0 | 0 | 84 | - | - |
| Proceeds from exercise of stock options | 110.3% | 2.2 | -10.69 | 0 | 0 | - | - |
| Proceeds from borrowings | 191.4% | 4,745 | 1,629 | 5,217 | 697 | - | - |
| Repayments of borrowings | 121.3% | 1,982 | 896 | 200 | 1,029 | - | - |
| Payments of lease liabilities | 8.8% | 5.95 | 5.55 | 2.04 | 0.45 | - | - |
| Dividends paid | 6.4% | 350 | 329 | 329 | 329 | - | - |
| Interest paid | -23.2% | 362 | 471 | 195 | 135 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | 4.27 | 0 | - | - |
| Net Cashflows from Financing Activities | 8410% | 6,993 | -83.14 | 4,496 | -880.58 | - | - |
| Effect of exchange rate on cash eq. | 652.5% | 3.21 | 0.6 | 0 | 0 | - | - |
| Net change in cash and cash eq. | -47.6% | 280 | 533 | 87 | 82 | - | - |
General • 09 Oct 2025 Credit Rating - JSW Renew Energy Limited |
Analysis of JSW Energy's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Thermal | 73.8% | 3 kCr |
| Renewables | 26.2% | 1.1 kCr |
| Total | 4.1 kCr |