JSW Energy Limited
₹500.00-₹10.00 (-2.0%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹86,383 Cr
- P/E
- 83.6x
- EV / EBITDA
- 48.1x
- Revenue
- ₹3,939 Cr
- Net margin
- 18.5%
- ROCE
- 7.8%
Price chart
Technical chartScreen technicals →-7.1% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +1.8%
- 3M
- -8.0%
- 6M
- -10.8%
- 1Y
- -7.1%
- 5Y
- +51.9%
52-week range
Day change -₹10.00 (-2.0%) from ₹510 to ₹500 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in JSWENERGY, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 35.0%
Concerns1
- Low return on equity of 6.3%
Rule-based from financial data. Not advice.
About the company
JSW Energy Limited generates and sells power in India. It has a power generation capacity of 10,875 MW, which includes 5,658MW of thermal, 1,391 MW of hydro, 1,671 of Wind, and 680 MW of solar. The company has operations in the States of Karnataka, Punjab, Maharashtra, Tamil Nadu, Himachal Pradesh, Odisha, Andhra Pradesh, Telangana, Madhya Pradesh, Chhattisgarh, Gujarat, and Rajasthan. The company engages in power transmission and trading activities; and coal mining in South Africa. JSW Energy Limited was incorporated in 1994 and is based in Mumbai, India.
- Sector
- Energy
- Shares outstanding
- 175 Cr shares
- ISIN
- INE121E01018
- BSE code
- 533148
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹86,383 Cr
- P/E
- 83.6x
- P/B
- 3.8x
- EV / EBITDA
- 48.1x
- EV / Sales
- 18.1x
- P/S
- 16.8x
- Earnings yield
- 1.2%
- 52-week high
- ₹601.75
- 52-week low
- ₹439.40
Profitability
- Operating margin
- 33.5%
- Net margin
- 18.5%
- EBITDA margin
- 37.6%
- ROE
- 6.3%
- ROCE
- 7.8%
- ROA
- 3.9%
- Dividend payout
- 35.0%
- Tax rate
- 20.0%
- Other income, % of PBT
- 17.8%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹3,939 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -23.2%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.5%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,928 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 20.0%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 28.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 13.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,266 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 132.4%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹280 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.1%
Solvency and efficiency
- Current ratio
- 8.51
- Debt / Equity
- 0.46
- Debt / Assets
- 0.29
- Debt / EBITDA
- 3.64
- Interest coverage
- 3.59
- Financial leverage
- 1.63
- CFO / Net profit
- 2.39
- Cash / Market cap
- 4.2%
- Cash per share
- ₹20.96
- Asset turnover
- 0.21
- Fixed asset turnover
- 1.46
- Capital intensity
- 0.68
- Debtor days
- 21 days
- Cash conversion cycle
- 21 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹31 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹2,732 Cr |
| Sales | Operating profit | ₹1,207 Cr |
| Operating profit | Interest | ₹365 Cr |
| Operating profit | Depreciation | ₹243 Cr |
| Operating profit | Profit before tax | ₹599 Cr |
| Other income | Profit before tax | ₹681 Cr |
| Profit before tax | Tax and other | ₹58 Cr |
| Profit before tax | Net profit | ₹1,221 Cr |
Revenue and net profit
Revenue fell 23.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹2,898 Cr | ₹186 Cr |
| FY2022 | ₹3,643 Cr | ₹570 Cr |
| FY2023 | ₹5,739 Cr | ₹711 Cr |
| FY2024 | ₹5,129 Cr | ₹950 Cr |
| FY2025 | ₹3,939 Cr | ₹1,221 Cr |
Cash flows
FY2025: ₹833 Cr from operations, -₹6,712 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹1,086 Cr | ₹708 Cr |
| FY2022 | ₹252 Cr | ₹962 Cr |
| FY2023 | ₹975 Cr | -₹4,409 Cr |
| FY2024 | ₹2,266 Cr | ₹616 Cr |
| FY2025 | ₹833 Cr | -₹6,712 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹3,939 Cr-23.2%1Y
- Net profit
- ₹1,221 Cr+28.5%1Y
- Cash from operations
- ₹833 Cr
- Free cash flow
- -₹6,712 Cr-1,189.6%1Y
- Revenue CAGR, 5Y
- 3.5%
- EBITDA CAGR, 5Y
- 11.6%
- Net profit CAGR, 5Y
- 13.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹3,939 Cr | ₹1,207 Cr | — | ₹1,221 Cr | ₹833 Cr | -₹6,712 Cr | 5.5% | -23.2% | +28.5% |
Monthly returns
Month-by-month returns of JSWENERGY across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹34,127 Cr |
| Equity capital | ₹1,745 Cr |
| Reserves | ₹20,491 Cr |
| Borrowings | ₹9,788 Cr |
| Other liabilities | ₹2,102 Cr |
| Assets | ₹34,127 Cr |
| Fixed assets | ₹3,358 Cr |
| Capital work in progress | ₹93 Cr |
| Investments | ₹23,257 Cr |
| Other assets | ₹7,418 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
JSWENERGY trades at 83.6x earnings against a peer median of 24.8x (a 237% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| JSW Energy LimitedJSWENERGYthis companyP/E ↑ premium | ₹86,383 Cr | 83.6x | 3.8x | 6.3% | 48.1x |
| Gail (India) Ltd.GAIL | ₹1.1 L Cr | 13.4x | 1.5x | 13.8% | 7.9x |
| Hindustan Petroleum Corporation LtdHINDPETRO | ₹95,486 Cr | 6.5x | 1.8x | 35.8% | 5.5x |
| Siemens Energy India LimitedENRIN | ₹85,572 Cr | 77.8x | 19.5x | — | — |
| NHPC LimitedNHPC | ₹81,826 Cr | 25.8x | 2.1x | 10.0% | 17.7x |
| NTPC GREEN ENERGY LIMITEDNTPCGREEN | ₹77,227 Cr | 141.0x | 4.1x | 5.9% | 46.7x |
| Waaree Energies LimitedWAAREEENER | ₹74,772 Cr | 26.0x | 6.6x | 28.0% | 37.6x |
| Oil India LimitedOIL | ₹72,830 Cr | 15.6x | 1.5x | 12.6% | 8.9x |
| TORRENT POWER LIMITEDTORNTPOWER | ₹67,853 Cr | 23.5x | 3.6x | 14.9% | 17.4x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
JSWENERGY since 1 January, against earlier years.
Historical volatility
JSWENERGY's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 28.0% |
| FY2022 | 29.0% |
| FY2023 | 21.0% |
| FY2024 | 34.0% |
| FY2025 | 31.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹3,939 Cr |
| Costs | |
| Interest | ₹365 Cr |
| Expenses | ₹2,733 Cr |
| Operating profitOperating Profit | ₹1,207 Cr |
| Other income and charges | |
| Profit before tax | ₹1,279 Cr |
| Tax | |
| Net profitNet Profit | ₹1,221 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹34,127 Cr |
| Equity capitalEquity Capital | ₹1,745 Cr |
| Reserves | ₹20,491 Cr |
| Borrowings | ₹9,788 Cr |
| Other liabilitiesOther Liabilities | ₹2,102 Cr |
| AssetsTotal Assets | ₹34,127 Cr |
| Fixed assetsFixed Assets | ₹3,358 Cr |
| Capital work in progressCWIP | ₹93 Cr |
| Investments | ₹23,257 Cr |
| Other assetsOther Assets | ₹7,418 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹833 Cr |
| Investing cash flowCash from Investing Activity | -₹7,545 Cr |
| Financing cash flowCash from Financing Activity | ₹6,993 Cr |
| Change in cashNet Cash Flow | ₹280 Cr |
Learn while you research
Academy chapters picked for JSW Energy Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 83.6, learn when high multiples are justified.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read