JSW Energy Limited
NSE: JSWENERGY · Power Generation · sector
₹449.65NSE close 2026-10-26
Key numbers
Market cap₹82,396 cr
Price₹449.65
52w high / low₹617 / ₹428
P/E40.1xSector median 18.7x
P/B2.7xSector median 1.5x
Book value₹167.8
Dividend yield0.44%Sector median 1.39%
ROE6.8%Sector median 4.5%
ROCE7.2%Sector median 6.2%
OPM53.2%Sector median 33.3%
Debt / equity2.47xSector median 0.90x
EV/EBITDA14.8xSector median 9.8x
Interest cover1.3x
Current ratio0.76x
Sales growth 3y+22.3%Sector median +3.1%
Profit growth 3y+14.9%Sector median +19.3%
PEG3.22x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 35 companies in Power Generation (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹9,030 cr vs borrowings ₹75,846 cr (FY26): borrowings are higher by ₹66,816 cr.
- Borrowings rose in each of the last 3 years (₹24,817 cr → ₹75,846 cr).
- Operating profit covered interest 1.3x in the last 12 months.
- 14.47% of the promoters' shares are pledged (9.6% of all shares).
- Promoter holding fell by 2.74 percentage points in a year, to 66.53% (2026-09-30).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 48% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹449.65 on 2026-10-26: -27.2% from the 52-week high, +5.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹792.05 · low ₹437.10
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,238 | 2,439 | 3,189 | 5,143 | 5,177 | 4,082 | 4,499 | 5,207 |
| EBITDA | 1,685 | 914 | 1,204 | 2,789 | 2,996 | 1,964 | 2,250 | 2,873 |
| OPM % | 52.0% | 37.5% | 37.8% | 54.2% | 57.9% | 48.1% | 50.0% | 55.2% |
| Other income | 222 | 201 | 308 | 268 | 184 | 173 | 352 | 229 |
| Net profit | 853 | 168 | 408 | 743 | 705 | 420 | 372 | 471 |
| EPS (₹) | 4.90 | 0.96 | 2.34 | 4.26 | 4.04 | 2.41 | 2.12 | 2.64 |
| Revenue YoY | +59.9% | +67.4% | +41.0% | +1.2% | ||||
| Profit YoY | -17.4% | +150.2% | -8.9% | -36.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 8,167 | 10,332 | 11,486 | 11,745 | 18,901 | 18,965 |
| EBITDA | 3,569 | 3,402 | 5,382 | 5,221 | 9,999 | 10,084 |
| Net profit | 1,729 | 1,478 | 1,723 | 1,951 | 2,239 | 1,967 |
| EPS (₹) | 10.52 | 9.01 | 10.50 | 11.19 | 12.82 | 11.21 |
| Revenue growth | +26.5% | +11.2% | +2.3% | +60.9% | +35.4% | |
| Profit growth | -14.5% | +16.6% | +13.2% | +14.8% | -9.4% | |
| Dividend / share (₹) | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +22.3% | +22.2% | +35.4% |
| Net profit | +14.9% | +23.0% | -9.4% |
| EPS | +12.5% | +21.5% | – |
| Share price | – | -16.7% (2y) | -10.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 18,629 | 20,832 | 27,361 | 30,752 |
| Borrowings | – | 24,817 | 31,327 | 49,621 | 75,846 |
| Cash & equivalents | – | 5,085 | 5,296 | 6,797 | 9,030 |
| Total assets | – | 48,742 | 58,269 | 89,939 | 1,24,182 |
| Fixed assets | – | 23,065 | 26,088 | 45,713 | 61,806 |
| Capital work in progress | – | 4,780 | 10,282 | 10,277 | 17,409 |
| Investments | – | 4,906 | 5,874 | 7,559 | 8,008 |
| Receivables | – | 2,308 | 1,704 | 2,614 | 2,973 |
| Inventory | – | 987 | 831 | 905 | 961 |
| Payables | – | 1,274 | 1,344 | 1,409 | 1,423 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 2,952 | 2,084 | 6,234 | 3,838 | 9,898 |
| Cash from investing | -1,392 | -7,009 | -8,318 | -23,613 | -20,271 |
| Cash from financing | -781 | 7,560 | 1,798 | 20,223 | 10,617 |
| Capex | 2,294 | 4,236 | 8,033 | 6,709 | 10,310 |
| Free cash flow | 658 | -2,152 | -1,799 | -2,870 | -412 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 7.9% | 8.3% | 7.1% | 7.3% |
| ROCE % | – | 6.4% | 8.1% | 5.8% | 7.3% |
| Debtor days | – | 82 | 54 | 81 | 57 |
| Inventory days | – | 61 | 64 | 72 | 62 |
| Payable days | – | 78 | 104 | 112 | 92 |
| Cash conversion cycle (days) | – | 65 | 14 | 41 | 27 |
| Working capital days | – | 21 | 44 | 22 | -93 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 66.53% |
| FIIs | 10.91% |
| DIIs | 16.71% |
| of which Mutual funds | 7.55% |
| of which Insurance | 7.73% |
| Government | 0.00% |
| Public (non-institutions) | 5.82% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | May 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 69.26% | 69.27% | 69.27% | 69.27% | 69.41% | 66.53% | 66.53% | 66.53% |
| Promoter group | % |
|---|---|
| JSW Investments Private Limited | 16.99% |
| Indusglobe Multiventures Private Limited | 13.96% |
| Siddeshwari Tradex Private Limited | 12.60% |
| JSL Limited | 7.93% |
| Virtuous Tradecorp Private Limited | 4.67% |
| JSW Steel Limited | 4.66% |
| Tanvi Shete | 1.37% |
| Tarini Jindal Handa | 1.37% |
| Parth Jindal | 0.84% |
| JTPM Metal Traders Limited | 0.78% |
| JSW Steel Coated Products Ltd | 0.49% |
| Amba River Coke Limited | 0.39% |
| Seema Jajodia | 0.16% |
| JSW Cement Limited | 0.14% |
| Anushree Parth Jindal | 0.12% |
| Public holders above 1% | % |
|---|---|
| Lici ASM NON PAR | 6.26% |
| SBI Large & Midcap Fund | 3.49% |
| GQG Partners Emerging Markets Equity Fund | 1.68% |
5,46,795 shareholders. Pledged: 14.47% of promoter shares.
Peers in Power Generation
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| NTPC | ₹2,90,900 cr | 10.5x | 1.4x | 14.3% | 8.7% | 30.9% | +2.1% | 3.01% |
| ADANIGREEN | ₹2,05,875 cr | 113.6x | 9.5x | 9.1% | 7.3% | 86.3% | +18.4% | 0.16% |
| JSWENERGY | ₹82,396 cr | 40.1x | 2.7x | 6.8% | 7.2% | 53.2% | +22.3% | 0.44% |
| NHPC | ₹70,878 cr | 18.7x | 1.7x | 9.4% | 5.0% | 47.4% | +3.1% | 3.33% |
| NTPCGREEN | ₹68,877 cr | 115.1x | 3.6x | 3.2% | 3.6% | 87.1% | – | – |
| NLCINDIA | ₹31,803 cr | 9.6x | 1.5x | 15.7% | 9.0% | 33.3% | +2.7% | 2.31% |
| ACMESOLAR | ₹26,965 cr | 39.0x | 5.3x | 12.6% | 8.6% | 87.6% | – | 0.09% |
| SJVN | ₹19,256 cr | 30.2x | 1.4x | 4.5% | 5.5% | 69.8% | +15.5% | 2.97% |
| CLEANMAX | ₹13,612 cr | 127.6x | 2.9x | 2.0% | 5.4% | 59.2% | – | – |
| NAVA | ₹13,449 cr | 17.8x | 1.5x | 9.2% | 13.3% | 38.4% | +6.7% | 3.68% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Thermal | ₹13,212 cr | 69.9% | ₹4,367 cr | 33.1% |
| Renewable | ₹5,626 cr | 29.8% | ₹3,055 cr | 54.3% |
| Unallocated | ₹63 cr | 0.3% | ₹20 cr | 32.2% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-05 | Dividend | Dividend - Rs 2 Per Share |
| 2025-06-06 | Dividend | Dividend - Rs 2 Per Share |
| 2024-05-31 | Dividend | Dividend - Rs 2 Per Share |
| 2023-06-02 | Dividend | Dividend - Rs 2 Per Share |
| 2022-05-30 | Dividend | Dividend - Rs 2 Per Share |
| 2021-07-27 | Dividend | Dividend - Rs 2 Per Share |
| 2020-08-04 | Dividend | Dividend - Re 1 Per Share |
| 2019-08-02 | Dividend | Annual General Meeting/Dividend Re -1 Per Share |
| 2018-07-27 | Other | Annual General Meeting |
| 2017-06-30 | Dividend | Annual General Meeting/ Dividend - Re 0.0 Per Share |
| 2016-07-11 | Dividend | Annual General Meeting/ Dividend - Rs 2/- Per Share |
| 2015-07-10 | Dividend | Annual General Meeting/ Dividend - Rs 2 Per Share |
| 2014-07-11 | Dividend | Annual General Meeting / Dividend - Rs 2/- Per Share |
| 2013-07-12 | Dividend | Annual General Meeting / Final Dividend Rs.2/- Per Equity Share |
| 2012-06-14 | Dividend | Annual General Meeting And Dividend Re.0.50 Per Share |
| 2011-06-16 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2010-06-29 | Dividend | Annual General Meeting And Dividend Re.0.75 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Generation, transmission and trading of renewable and thermal power: Production of electricity/power
| Sector | Utilities |
| Industry | Power Generation |
| Sub-industry | Power Generation |
| Symbol | JSWENERGY |
| BSE code | 533148 |
| ISIN | INE121E01018 |
| Face value | ₹10.0 |
| Incorporated | 1994-03-10 |
| Website | www.jsw.in |
| Plants (India / abroad) | 61 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.