JSW Energy Ltd
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]
- Market Cap ₹ 94,012 Cr.
- Current Price ₹ 538
- High / Low ₹ 805 / 419
- Stock P/E 50.1
- Book Value ₹ 160
- Dividend Yield 0.37 %
- ROCE 8.59 %
- ROE 8.40 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 19.8% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 20.1%
- Debtor days have improved from 37.0 to 26.8 days.
Cons
- Stock is trading at 3.36 times its book value
- Company has a low return on equity of 8.66% over last 3 years.
- Promoter holding has decreased over last 3 years: -5.34%
* 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.
Peer comparison
Sector: Power Generation & Distribution Industry: Power Generation And Supply
Part of BSE 500 Nifty 100 Equal Weight BSE 200 Nifty 200 Nifty Commodities
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
8,870 | 8,648 | 9,347 | 9,824 | 8,263 | 8,049 | 9,138 | 8,273 | 6,922 | 8,167 | 10,332 | 11,486 | 11,312 | |
6,069 | 5,394 | 5,723 | 5,796 | 4,939 | 5,336 | 6,283 | 5,316 | 4,009 | 4,596 | 7,050 | 6,104 | 6,127 | |
Operating Profit | 2,801 | 3,255 | 3,624 | 4,029 | 3,324 | 2,713 | 2,855 | 2,957 | 2,913 | 3,572 | 3,282 | 5,382 | 5,185 |
OPM % | 32% | 38% | 39% | 41% | 40% | 34% | 31% | 36% | 42% | 44% | 32% | 47% | 46% |
9 | -179 | 196 | 340 | 221 | 47 | 398 | 376 | 248 | 575 | 674 | 472 | 734 | |
Interest | 963 | 1,206 | 1,137 | 1,498 | 1,685 | 1,456 | 1,192 | 1,051 | 896 | 777 | 844 | 2,053 | 2,127 |
Depreciation | 662 | 810 | 790 | 854 | 969 | 966 | 1,164 | 1,738 | 1,167 | 1,131 | 1,169 | 1,633 | 1,600 |
Profit before tax | 1,186 | 1,060 | 1,892 | 2,017 | 892 | 338 | 897 | 544 | 1,099 | 2,238 | 1,943 | 2,167 | 2,192 |
Tax % | 23% | 27% | 27% | 28% | 30% | 75% | 24% | 6% | 25% | 22% | 24% | 20% | |
901 | 760 | 1,358 | 1,460 | 623 | 85 | 684 | 1,081 | 823 | 1,743 | 1,480 | 1,725 | 1,914 | |
EPS in Rs | 5.51 | 4.60 | 8.23 | 8.83 | 3.84 | 0.48 | 4.24 | 6.70 | 4.84 | 10.51 | 8.99 | 10.47 | 10.97 |
Dividend Payout % | 36% | 43% | 24% | 22% | 13% | 0% | 24% | 15% | 41% | 19% | 22% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 5% |
3 Years: | 18% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | 20% |
3 Years: | 29% |
TTM: | 14% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 65% |
3 Years: | 22% |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 8% |
3 Years: | 9% |
Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 4,564 | 4,931 | 5,878 | 8,077 | 8,741 | 9,470 | 10,181 | 10,004 | 12,865 | 15,775 | 16,988 | 19,191 | 26,226 |
10,377 | 10,106 | 9,294 | 14,862 | 14,349 | 11,883 | 10,555 | 9,840 | 8,371 | 8,943 | 25,051 | 31,573 | 30,853 | |
3,798 | 2,567 | 2,608 | 3,973 | 3,672 | 3,728 | 3,549 | 3,445 | 3,328 | 4,157 | 4,737 | 5,362 | 6,108 | |
Total Liabilities | 20,378 | 19,244 | 19,420 | 28,539 | 28,389 | 26,721 | 25,926 | 24,931 | 26,207 | 30,514 | 48,417 | 57,767 | 64,932 |
13,925 | 13,635 | 13,191 | 20,298 | 19,491 | 18,877 | 17,825 | 16,713 | 15,637 | 14,831 | 25,020 | 28,946 | 31,573 | |
CWIP | 977 | 615 | 454 | 321 | 531 | 294 | 400 | 391 | 473 | 2,091 | 4,788 | 10,285 | 10,410 |
Investments | 955 | 888 | 1,619 | 1,012 | 1,579 | 2,415 | 2,451 | 1,854 | 4,052 | 6,623 | 6,033 | 7,035 | 10,101 |
4,521 | 4,107 | 4,157 | 6,908 | 6,789 | 5,135 | 5,251 | 5,974 | 6,045 | 6,970 | 12,576 | 11,501 | 12,847 | |
Total Assets | 20,378 | 19,244 | 19,420 | 28,539 | 28,389 | 26,721 | 25,926 | 24,931 | 26,207 | 30,514 | 48,417 | 57,767 | 64,932 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,725 | 2,269 | 3,394 | 3,538 | 3,853 | 3,934 | 2,491 | 2,082 | 3,700 | 2,952 | 2,084 | 6,234 | |
-944 | -363 | -422 | -3,272 | -762 | -215 | -55 | 301 | -1,030 | -1,387 | -6,778 | -8,197 | |
-684 | -1,859 | -2,327 | -1,622 | -2,595 | -3,968 | -2,523 | -1,962 | -2,515 | -781 | 7,327 | 1,675 | |
Net Cash Flow | 96 | 48 | 645 | -1,357 | 496 | -249 | -87 | 421 | 155 | 784 | 2,634 | -289 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 51 | 46 | 108 | 96 | 52 | 57 | 93 | 51 | 30 | 54 | 27 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 76 | 51 | 46 | 108 | 96 | 52 | 57 | 93 | 51 | 30 | 54 | 27 |
Working Capital Days | -74 | -51 | -54 | -36 | -61 | -99 | -72 | -44 | 1 | -18 | 40 | -9 |
ROCE % | 14% | 15% | 18% | 16% | 10% | 9% | 9% | 7% | 9% | 12% | 7% | 9% |
Documents
Announcements
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Closure of Trading Window
16h - Closure of trading window from April 1, 2025.
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 19h
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Update On Acquisition Of O2 Power Midco Holdings Pte. Limited And O2 Energy SG Pte. Limited By Our Subsidiary JSW Neo Energy Limited
25 Mar - Acquisition of O2 Power Midco and O2 Energy completed.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Mar - The Company will be meeting a group of investors as given in the attached file.
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Credit Rating Updates
21 Mar - Credit rating affirmed for JSW Energy and Barmer Lignite.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Feb 2025Transcript PPT
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Oct 2024TranscriptNotesPPT
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Jul 2024Transcript PPT REC
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Aug 2017TranscriptPPT
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Oct 2016TranscriptPPT
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Jul 2016TranscriptPPT
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Jan 2016TranscriptPPT
Business Segments
1) Thermal Energy Projects (63% in H1 FY25 vs 75% in FY22): [1] [2] The company has a total thermal power generation capacity of 3,508 MW, comprising 1,200 MW at Ratnagiri, 1,080 MW at Barmer, 860 MW at Vijayanagar, 350 MW at Utkal, and 18 MW TPP at Nandyal. [3]