āagman

Not investment advice. Data and computed figures, for information only.

JSW Energy Ltd

NSE: JSWENERGYF&O
₹482.60
+₹3.65 (+0.76%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹84,762 Cr
CMP
₹482.60
52-wk High / Low
₹617 / 428
P/E
42.2
P/B
2.6
Book Value
₹175.0
Div Yield
0.43%
ROCE
8.0%
ROE
7.5%
Face Value
₹10
D/E
2.50

Price−11.4% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹224
√(22.5 × EPS × book value per share)
ROIC
6.4%
vs 5.8% sector median
Cash flow to profit
3.58
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+95
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
6.1%
ROE × earnings retention ratio
ROE stability
0.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −2.88FII +1.67DII +1.87
Latest quarter vs the previous one
Cash-accrual divergence
−6.7%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 6.2pp over the last year
Watch-outs
−Latest ROCE of 8% trails the sector median of 9%
−Borrowings are up 417.7% since FY2016 (14862 to 76946)
−Price trades below its 200-day moving average (0.9x)
−Promoter holding fell by 8.1pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,9283,2592,5432,7562,8793,2382,4393,1895,1435,1774,0824,4995,207
Expenses1,7061,3791,4321,5871,4621,5531,5251,9852,3552,1812,0522,2492,334
Operating Profit1,2221,8801,1111,1691,4181,6859141,2042,7892,9962,0302,2502,873
OPM %41.7%57.7%43.7%42.4%49.3%52.0%37.5%37.8%54.2%57.9%49.7%50.0%55.2%
Other Income87134120130167230206313271186111356232
Interest4865145215335115185646751,3061,4181,4851,6081,519
Depreciation398409400427375392406482739809829809890
Profit before tax4261,0923103396981,0051503611,015955−173188696
Net Profit290857232345534877157415836824529574533
EPS (₹)1.765.171.412.142.994.880.962.334.254.032.402.112.57

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9,3479,8248,2638,0499,1388,2736,9228,16710,33211,48611,74518,90118,965
Expenses5,7235,7964,9395,3366,2835,3164,0094,5967,0506,1046,5248,8338,816
Operating Profit3,6244,0293,3242,7132,8552,9572,9133,5723,2825,3825,22110,06810,149
OPM %38.8%41.0%40.2%33.7%31.2%35.7%42.1%43.7%31.8%46.9%44.5%53.3%53.5%
Other Income19634022147398376248575674472916920884
Interest1,1371,4981,6851,4561,1921,0518967778442,0532,2695,8166,030
Depreciation7908549699661,1641,7381,1671,1311,1691,6331,6553,1853,336
Profit before tax1,8922,0178923388975441,0992,2381,9432,1672,2141,9861,666
Net Profit1,3581,460623856841,0818231,7431,4801,7251,9832,7622,459
EPS (₹)8.238.833.840.484.246.704.8410.518.9910.4711.1612.7411.11

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital1,6401,6271,6281,6401,6411,6421,6421,6401,6411,6411,7451,756—
Reserves5,8788,0778,7419,47010,18110,00412,86515,77516,98819,19125,61628,995—
Borrowings9,29414,86214,34911,88310,5559,8408,3718,94325,05131,57350,18576,946—
Other Liabilities2,6083,9733,6723,7283,5493,4453,3284,1574,7375,36211,90916,110—
Total Liabilities19,42028,53928,38926,72125,92624,93126,20730,51448,41757,76789,4551,23,807—
Fixed Assets13,19120,29819,49118,87717,82516,71315,63714,83125,02028,94654,15574,523—
CWIP4543215312944003914732,0914,78810,28510,28117,465—
Investments1,6191,0121,5792,4152,4511,8544,0526,6236,0337,0359,75511,379—
Other Assets4,1576,9086,7895,1355,2515,9746,0456,97012,57611,50115,26420,441—
Total Assets19,42028,53928,38926,72125,92624,93126,20730,51448,41757,76789,4551,23,807—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2,2693,3943,5383,8533,9342,4912,0823,7002,9522,0846,2343,8389,898
Cash from Investing Activity−363−422−3,272−762−215−55301−1,030−1,387−6,778−8,197−22,990−18,523
Cash from Financing Activity−1,859−2,327−1,622−2,595−3,968−2,523−1,962−2,515−7817,3271,67520,22310,617
Net Cash Flow48645−1,357496−249−874211557842,634−2891,0721,993

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %15.018.016.010.09.09.07.09.012.07.09.06.08.0
ROE %————————————7.5
EPS (₹)4.608.238.833.840.484.246.704.8410.518.9910.4711.1612.74
Book Value (₹)————————————175.0
Face Value (₹)————————————10
P/E————————————42.2
Div Yield %————————————0.43
NPM %8.814.214.47.31.07.212.511.519.913.414.415.713.9
OPM %38.039.041.040.034.031.036.042.044.032.047.044.053.0
D/E1.541.241.531.381.070.890.840.580.511.341.521.832.50
P/B————————————2.6

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+7.0%
5 years+22.0%
3 years+22.0%
TTM+35.0%
Compounded profit growth
10 years+5.0%
5 years+23.0%
3 years+19.0%
TTM−8.0%
Stock price CAGR
10 years+21.0%
5 years+4.0%
3 years+6.0%
Last year−15.0%
Return on equity
10 years7.0%
5 years8.0%
3 years8.0%
Last year8.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.99%74.99%74.99%74.95%74.89%74.68%74.66%74.66%73.67%69.26%69.41%66.53%
FIIs7.98%7.98%6.04%6.67%7.49%5.55%5.36%5.18%8.37%13.43%9.74%11.41%
DIIs10.69%10.69%8.12%8.35%8.89%7.17%10.16%10.06%9.29%10.94%14.29%16.16%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.03%
Public6.34%6.34%10.85%10.02%8.70%12.57%9.55%9.84%8.45%6.21%6.44%5.82%
No. of shareholders1,25,6911,25,6911,38,5431,29,9601,19,6221,50,8772,35,6442,65,1383,60,2415,43,3365,65,6745,55,401
Change since Jun 2023 (pp)
Promoters −8.46FIIs +3.43DIIs +5.47Public −0.52

Documents

As of 11 Oct 2026
Announcements
Affirmation Of Credit Rating - JSW Renew Energy LimitedAssignment Of Credit Rating - JSW Renew Energy Thirty Two LimitedAssignment Of Credit Rating - JSW Renewable Energy Dolvi Three LimitedAnnouncement under Regulation 30 (LODR)-Newspaper PublicationIntimation Regarding Notice Of Postal Ballot Dated 6Th October 2026 For The Appointment Of Mr. Sanjay Sagar (DIN:00019489) As A Non-Executive, Non-Independent Director Of The Company.
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTMay 2026TranscriptMay 2026PPTMay 2026PPTJan 2026TranscriptJan 2026PPTOct 2025TranscriptOct 2025PPT

Corporate actions

As of 5 Jun 2026
5 Jun 2026DIVIDENDDividend - Rs 2 Per Share—
6 Jun 2025DIVIDENDDividend - Rs 2 Per Share—
31 May 2024DIVIDENDDividend - Rs 2 Per Share—
2 Jun 2023DIVIDENDDividend - Rs 2 Per Share—
30 May 2022DIVIDENDDividend - Rs 2 Per Share—
27 Jul 2021DIVIDEND Dividend - Rs 2 Per Share—
4 Aug 2020DIVIDEND Dividend - Re 1 Per Share—
2 Aug 2019DIVIDEND Annual General Meeting/Dividend Re -1 Per Share—
30 Jun 2017DIVIDEND Annual General Meeting/ Dividend - Re 0.0 Per Share—
11 Jul 2016DIVIDEND Annual General Meeting/ Dividend - Rs 2/- Per Share —
10 Jul 2015DIVIDENDAnnual General Meeting/ Dividend - Rs 2 Per Share—
11 Jul 2014DIVIDENDAnnual General Meeting / Dividend - Rs 2/- Per Share—
12 Jul 2013DIVIDENDAnnual General Meeting / Final Dividend Rs.2/- Per Equity Share—
14 Jun 2012DIVIDENDAnnual General Meeting And Dividend Re.0.50 Per Share—
16 Jun 2011DIVIDENDAnnual General Meeting And Dividend Re.1/- Per Share—
29 Jun 2010DIVIDENDAnnual General Meeting And Dividend Re.0.75 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman