Power
Valuation | |
|---|---|
| Market Cap | 78.91 kCr |
| Price/Earnings (Trailing) | 34.6 |
| Price/Sales (Trailing) | 4.26 |
| EV/EBITDA | 14.5 |
| Price/Free Cashflow | -33.38 |
| MarketCap/EBT | 36.79 |
| Enterprise Value | 1.43 LCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -5.5% |
| Price Change 1M | -11.6% |
| Price Change 6M | -15.5% |
| Price Change 1Y | -11.2% |
| 3Y Cumulative Return | 27% |
| 5Y Cumulative Return | 44.5% |
| 7Y Cumulative Return | 31.1% |
| 10Y Cumulative Return | 20.4% |
| Revenue (TTM) |
| 18.52 kCr |
| Rev. Growth (Yr) | 61.2% |
| Earnings (TTM) | 2.6 kCr |
| Earnings Growth (Yr) | 235.8% |
Profitability | |
|---|---|
| Operating Margin | 12% |
| EBT Margin | 12% |
| Return on Equity | 8.24% |
| Return on Assets | 2.29% |
| 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 | -0.56 |
| Interest/Cashflow Ops | 2.25 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 2 |
| Dividend Yield | 0.42% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 6.3% |
Balance Sheet: Reasonably good balance sheet.
Growth: Awesome revenue growth! Revenue grew 54.1% over last year and 72.9% in last three years on TTM basis.
Past Returns: Outperforming stock! In past three years, the stock has provided 27% return compared to 12.8% by NIFTY 50.
Profitability: Recent profitability of 14% is a good sign.
Size: It is among the top 200 market size companies of india.
Momentum: Stock is suffering a negative price momentum. Stock is down -11.6% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Insider Trading: Significant insider selling noticed recently.
Smart Money: Smart money is losing interest in the stock.
Balance Sheet: Reasonably good balance sheet.
Growth: Awesome revenue growth! Revenue grew 54.1% over last year and 72.9% in last three years on TTM basis.
Past Returns: Outperforming stock! In past three years, the stock has provided 27% return compared to 12.8% by NIFTY 50.
Profitability: Recent profitability of 14% is a good sign.
Size: It is among the top 200 market size companies of india.
Momentum: Stock is suffering a negative price momentum. Stock is down -11.6% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Insider Trading: Significant insider selling noticed recently.
Smart Money: Smart money is losing interest in the stock.
Investor Care | |
|---|---|
| Dividend Yield | 0.42% |
| Dividend/Share (TTM) | 2 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 13.05 |
Financial Health | |
|---|---|
| Current Ratio | 0.77 |
| Debt/Equity | 2.16 |
Technical Indicators | |
|---|---|
| RSI (14d) | 37 |
| RSI (5d) | 27.41 |
| RSI (21d) | 43.65 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| 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 earnings conference call for Q3 FY '26, management provided an optimistic outlook, emphasizing the resilience of power demand and operational growth despite recent challenges. One key point highlighted was the overall power demand growth for December 2025 at 6.5% year-on-year, with the initial 20 days of January 2026 maintaining a similar growth rate of 6%. Management noted an all-time high peak power demand of 241 GW in December 2025, compared to 224 GW in the same quarter last year.
Despite a 0.5% growth in overall power demand for the year-to-date period ending December 2025, management anticipated strong long-term demand growth, attributing recent softness to weather conditions. They reported a total of 12.8 GW of thermal capacity bids and a notable increase in storage bids"”from 1.6 GW in FY25 to 7.6 GW in the current fiscal year.
Management locked in 18.7 GW of incremental capacity in generation and 29.6 GW hour in storage, targeting over 30 GW in generation and 40 GW hour in storage by 2030. The company reported a 65% year-on-year growth in power sales for Q3 FY26, with a 62% increase in net generation year-on-year for the nine-month period. Long-term PPAs accounted for 82% of total power sales.
Financially, the company reported a 61% increase in revenue to Rs.4,255 crores and a 98% rise in EBITDA to Rs.2,202 crores. Notably, profit after tax surged by 150% to Rs.420 crores, alongside a deferred tax asset recognition of Rs.557 crores due to future taxable profits from a 25-year power purchase agreement.
Key forward-looking points include:
The management remains positive about achieving future growth while navigating near-term market dynamics.
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% |
| LICI ULIP-GROWTH FUND | 7.17% |
| VIRTUOUS TRADECORP PRIVATE LIMITED | 4.9% |
| JSW STEEL LIMITED | 4.88% |
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 | 3.45 LCr | 1.9 LCr | -0.50% | +8.10% | 14.27 | 1.81 | - | - |
| POWERGRID | POWER GRID Corp OF INDIA | 2.39 LCr | 48.3 kCr |
Comprehensive comparison against sector averages
JSWENERGY metrics compared to Power
| Category | JSWENERGY | Power |
|---|---|---|
| PE | 35.23 | 19.04 |
| PS | 4.34 | 2.67 |
| Growth | 54.1 % | 5.1 % |
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 - 2026)
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.
Analyst / Investor Meet • 30 Jan 2026 Analyst / Institutional Investors Meeting |
Analyst / Investor Meet • 29 Jan 2026 Analyst / Institutional Investors Meetings |
General • 29 Jan 2026 sition of Tidong Power Generation Private Limited by JSW Neo Energy Limited - Update |
Clarification • 29 Jan 2026 The Exchange has sought clarification from JSW Energy Ltd on January 29, 2026, with reference to news appeared in https://economictimes.indiatimes.com dated January 29, 2026 quoting "JSW .... |
Earnings Call Transcript • 28 Jan 2026 The transcript of the Results Conference Call scheduled on Friday, 23rd January, 2026, at 7.00 p.m. (IST), to discuss the Company's unaudited Standalone and Consolidated Financial Results .... |
• 23 Jan 2026 |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Question 1: "Could you outline the PPA details for the first 1,600 MW and the subsequent 1,600 MW PPA that you've entered with West Bengal? What is the likely capex phaseout for this mega project?"
Answer: The PPA timelines are 48 months for the first unit and 54 months for the second unit. The investment for Phase 1 is around Rs.16,000 crores for 2 * 800 MW. We're on track to complete Phase 1 within these timelines and have our supply chains under control.
Question 2: "What is the tariff arrangement here, what is fixed and variable, and what are the details?"
Answer: For the first bid, the tariff is Rs.3.65 per unit and for the second, Rs.4.06. These are fixed charges, and the fuel pricing is pass-through, utilizing a heat rate of 2350.
Question 3: "Given the grid constraints, how much renewable capacity would you be able to close the year by?"
Answer: We are aiming for 1.5 GW of fresh capacity in the second half of this fiscal, and we are progressing well with our advanced grid connectivity. For FY '27, we are assessing our plans while ensuring factors like STU connectivity protect us from challenges.
Question 4: "What is the capacity for the recent PPA at Utkal with Karnataka, and what is its fixed tariff?"
Answer: The Utkal PPA is for a net capacity of 400 MW with a fixed tariff of Rs.5.8 per unit for 25 years, which is scalable.
Question 5: "What is the status of the boiler for the Salboni project?"
Answer: The GE boiler manufacturing plant is expected to be fully operational by June or July 2026, which will meet our captive requirements for Salboni.
Question 6: "What is the expected impact of tariff reduction on KSK Mahanadi's EBITDA?"
Answer: There will be a tariff reduction of about Rs.1.25 for part of the capacity tied to UP, which will slightly impact EBITDA. However, operational efficiencies are expected to mitigate this effect.
Question 7: "What portion of total capacity is affected by the KSK tariff reduction?"
Answer: The tariff reduction affects approximately 1,000 MW tied to UP. However, capacity availability remains stable, so we maintain revenue from fixed charges.
Question 8: "How much of the battery storage CAPEX is expected this year and next?"
Answer: We will announce specific numbers for next year's capex plans shortly as we finalize our strategy, but we are targeting significant enhancements in our renewable and battery storage capacities.
Question 9: "What is happening with the FDRE IV regulatory approval?"
Answer: We're currently waiting for the regulatory approval. The PPA is signed, and communication is expected to proceed once the approvals are in place.
Question 10: "What are your thoughts on entering the distribution space?"
Answer: We are open to evaluating distribution opportunities and are monitoring ongoing privatization processes, deciding when the right moment for engagement arises.
| SBI ARBITRAGE OPPORTUNITIES FUND | 2.08% |
| 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% |
| JTPM METAL TRADERS PRIVATE LIMITED | 0.27% |
| 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% |
| NIRMALA GOEL | 0.01% |
Distribution across major stakeholders
Distribution across major institutional holders
| -10.40% |
| 15.36 |
| 4.94 |
| - |
| - |
| ADANIGREEN | Adani Green Energy | 1.39 LCr | 13.38 kCr | -18.80% | -15.40% | 98.36 | 10.39 | - | - |
| TATAPOWER | Tata Power Co. | 1.15 LCr | 67.69 kCr | -8.70% | -1.60% | 28.32 | 1.69 | - | - |
| TORNTPOWER | TORRENT POWER | 67 kCr | 29.21 kCr | -5.00% | -9.20% | 22.28 | 2.29 | - | - |
| CESC | CESC | 18.98 kCr | 19.06 kCr | -18.40% | +0.10% | 13.1 | 1 | - | - |
| RPOWER | Reliance Power | 11.09 kCr | 8.11 kCr | -25.40% | -33.10% | 38.87 | 1.37 | - | - |
| -1% |
| 4,366 |
| 4,408 |
| 4,399 |
| 3,142 |
| 2,495 |
| 2,463 |
| Profit Before exceptional items and Tax | -111.8% | -111.23 | 954 | 1,012 | 355 | 145 | 997 |
| Exceptional items before tax | - | -65.19 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | -118.6% | -176.42 | 954 | 1,012 | 355 | 145 | 997 |
| Current tax | -62.8% | 43 | 114 | 83 | 92 | 59 | 132 |
| Deferred tax | -4485.5% | -744.54 | 18 | 97 | -146.12 | -66.25 | -4.32 |
| Total tax | -640.5% | -701.63 | 131 | 180 | -53.8 | -7.41 | 128 |
| Total profit (loss) for period | -35.8% | 529 | 824 | 836 | 415 | 157 | 877 |
| Other comp. income net of taxes | -91.8% | 71 | 858 | -390.56 | 1,179 | -980.98 | 517 |
| Total Comprehensive Income | -64.4% | 600 | 1,682 | 445 | 1,594 | -823.53 | 1,394 |
| Earnings Per Share, Basic | -53.6% | 2.41 | 4.04 | 4.26 | 2.34 | 0.96 | 4.9 |
| Earnings Per Share, Diluted | -53.6% | 2.41 | 4.04 | 4.25 | 2.34 | 0.96 | 4.88 |
| Debt equity ratio | 0.1% | 0.0239 | 0.0234 | 0.0236 | 0.0181 | 0.01 | 0.01 |
| Debt service coverage ratio | -0.3% | 092 | 0.012 | 0.0123 | 0.0162 | 0.01 | 0.02 |
| Interest service coverage ratio | -0.9% | 0.0157 | 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 | - | - |
Change in Directorate • 23 Jan 2026 Re-appointment of Mr. Munesh Khanna as a Non-Executive Independent Director of the Company |
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 |