JSW Energy Ltd

JSW Energy Ltd

₹ 657 0.03%
27 Nov 9:26 a.m.
About

JSW Energy Ltd and its subsidiaries are primarily engaged in the business of generation of power from its power assets located at Karnataka, Maharashtra, Nandyal and Salboni. It is the holding company for the JSW group's power business.
The company also has a JV company engaged in mining activities and an associate engaged in manufacturing of turbines.[1]

Key Points

Thermal Projects as on Q2FY24[1]
Total Thermal Capacity : 3,858 MW
Operational Capacity : 3,158 MW
Under Construction : Ind-Barath 700 MW

  1. Barmer - lignite - 1,080 MW
  2. Ratnagiri -coal - 1,200 MW
  3. Vijayanagar -coal & gas - 860 MW
  • Market Cap 1,14,872 Cr.
  • Current Price 657
  • High / Low 805 / 398
  • Stock P/E 101
  • Book Value 122
  • Dividend Yield 0.30 %
  • ROCE 7.82 %
  • ROE 6.53 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 31.3% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 46.1%

Cons

  • Stock is trading at 5.38 times its book value
  • Company has a low return on equity of 5.17% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.36%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
802 1,002 1,081 1,997 1,141 955 1,647 1,485 1,133 1,276 1,236 1,050 967
595 632 813 1,522 949 755 1,306 1,136 739 768 767 675 718
Operating Profit 208 370 268 475 192 200 340 348 394 507 469 374 250
OPM % 26% 37% 25% 24% 17% 21% 21% 23% 35% 40% 38% 36% 26%
115 24 31 139 160 50 50 77 58 22 53 117 178
Interest 35 31 26 30 39 58 133 105 119 118 135 90 75
Depreciation 82 79 78 80 81 80 77 71 69 65 64 64 64
Profit before tax 205 284 195 504 233 112 181 249 263 347 322 338 289
Tax % 35% 33% 20% 32% 33% 29% 27% 33% 28% 28% -6% 25% 1%
133 191 157 344 156 79 132 166 191 251 342 254 286
EPS in Rs 0.81 1.16 0.95 2.09 0.95 0.48 0.80 1.01 1.16 1.53 2.08 1.45 1.63
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
6,350 5,757 6,302 5,863 4,041 4,212 5,118 4,314 2,898 3,643 5,739 5,129 4,529
4,240 3,744 4,199 3,697 3,136 3,505 4,312 3,417 2,084 2,597 4,532 3,411 2,929
Operating Profit 2,110 2,013 2,103 2,165 905 707 806 897 814 1,046 1,207 1,718 1,600
OPM % 33% 35% 33% 37% 22% 17% 16% 21% 28% 29% 21% 34% 35%
130 -116 259 395 328 -166 361 218 62 227 400 210 370
Interest 572 628 586 644 533 476 412 322 210 127 260 478 418
Depreciation 425 453 421 354 364 364 365 369 358 328 317 270 257
Profit before tax 1,244 817 1,356 1,563 337 -299 390 424 308 818 1,030 1,181 1,295
Tax % 20% 26% 27% 24% 42% 49% 36% -17% 40% 30% 31% 20%
993 602 995 1,182 195 -444 251 498 186 570 711 950 1,133
EPS in Rs 6.05 3.67 6.06 7.21 1.19 -2.71 1.53 3.03 1.13 3.47 4.32 5.78 6.69
Dividend Payout % 33% 54% 33% 28% 42% 0% 65% 33% 176% 58% 46% 35%
Compounded Sales Growth
10 Years: -1%
5 Years: 0%
3 Years: 21%
TTM: -13%
Compounded Profit Growth
10 Years: 1%
5 Years: 31%
3 Years: 74%
TTM: 100%
Stock Price CAGR
10 Years: 21%
5 Years: 55%
3 Years: 30%
1 Year: 61%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 5%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1,640 1,640 1,640 1,627 1,628 1,640 1,641 1,642 1,642 1,640 1,641 1,641 1,745
Reserves 5,133 5,363 5,954 6,965 6,766 8,237 8,527 7,758 9,990 11,848 11,969 13,471 19,599
5,410 4,939 4,232 5,025 3,464 3,140 2,818 2,246 1,603 1,273 6,293 7,020 4,670
2,931 2,331 2,192 3,357 3,361 2,894 2,524 1,909 1,481 1,912 2,047 2,478 2,239
Total Liabilities 15,114 14,272 14,018 16,974 15,218 15,912 15,510 13,555 14,716 16,672 21,949 24,610 28,253
6,946 6,909 6,814 5,415 5,190 5,111 4,853 4,508 4,180 3,957 3,709 3,511 3,418
CWIP 791 467 256 282 479 261 377 109 34 23 16 20 47
Investments 2,895 2,934 3,672 6,669 5,324 6,963 6,703 5,417 8,212 6,867 14,730 17,413 21,376
4,482 3,962 3,275 4,609 4,226 3,577 3,578 3,522 2,290 5,826 3,495 3,665 3,412
Total Assets 15,114 14,272 14,018 16,974 15,218 15,912 15,510 13,555 14,716 16,672 21,949 24,610 28,253

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
943 1,559 2,622 2,261 1,409 846 397 31 1,086 252 975 2,266
-359 -25 -228 -3,468 1,085 -58 445 1,305 -378 710 -5,384 -1,650
-634 -1,482 -1,670 -218 -2,475 -807 -733 -1,121 -1,011 -881 4,496 -83
Net Cash Flow -49 51 724 -1,425 18 -18 109 215 -304 82 87 533

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 76 63 29 73 76 42 40 50 29 30 21 21
Inventory Days
Days Payable
Cash Conversion Cycle 76 63 29 73 76 42 40 50 29 30 21 21
Working Capital Days -59 -46 -82 -109 -181 -157 -118 -40 -16 331 43 1
ROCE % 16% 15% 16% 17% 7% 7% 6% 6% 4% 7% 6% 8%

Shareholding Pattern

Numbers in percentages

29 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.66% 74.66% 74.69% 74.69% 74.66% 74.66% 74.66% 73.39% 73.39% 73.67% 69.32% 69.32%
5.51% 5.36% 5.27% 5.34% 5.14% 5.18% 5.18% 8.38% 8.50% 8.37% 15.37% 14.92%
9.19% 10.16% 10.08% 10.09% 10.08% 10.06% 9.59% 9.69% 9.36% 9.29% 9.21% 9.78%
10.37% 9.55% 9.70% 9.65% 9.86% 9.84% 10.33% 8.33% 8.53% 8.45% 5.90% 5.81%
0.27% 0.27% 0.26% 0.24% 0.27% 0.25% 0.25% 0.22% 0.21% 0.21% 0.19% 0.15%
No. of Shareholders 2,25,1052,35,6442,64,8132,59,2422,59,3292,65,1382,78,0102,89,7403,28,9153,60,2414,06,2204,41,927

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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