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Last Updated: April 2, 2026, 3:10 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533148 | NSE: JSWENERGY

JSW Energy Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹365.80Overvalued by 24.42%vs CMP ₹484.00

P/E (36.8) × ROE (7.4%) × BV (₹167.00) × DY (0.41%)

₹267.25Overvalued by 44.78%vs CMP ₹484.00
MoS: -81.1% (Negative)Confidence: 60/100 (Moderate)Models: All 6: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹381.7534%Over (-21.1%)
Graham NumberEarnings₹221.1025%Over (-54.3%)
Net Asset ValueAssets₹165.6811%Over (-65.8%)
Earnings YieldEarnings₹130.1011%Over (-73.1%)
ROCE CapitalReturns₹402.3311%Over (-16.9%)
Revenue MultipleRevenue₹66.828%Over (-86.2%)
Consensus (6 models)₹267.25100%Overvalued
Key Drivers: Wide model spread (₹67–₹402) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 4.4%

*Investments are subject to market risks

Investment Snapshot

65
JSW Energy Ltd scores 65/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health48/100 · Moderate
ROCE 6.5% WeakROE 7.4% AverageD/E 0.50 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -3.93% (6mo) SellingDII holding up 3.45% MF buyingPromoter holding at 69.3% Stable
Earnings Quality75/100 · Strong
OPM expanding (38% → 46%) ImprovingWorking capital: -200 days (improving) Efficient
Quarterly Momentum100/100 · Strong
Revenue (4Q): +56% YoY AcceleratingProfit (4Q): +36% YoY StrongOPM: 50.0% (up 13.0% YoY) Margin expansion
Industry Rank50/100 · Moderate
P/E 36.8 vs industry 41.9 In-lineROCE 6.5% vs industry 9.0% Average3Y sales CAGR: 13% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:10 am

Market Cap 85,079 Cr.
Current Price 484
Intrinsic Value₹267.25
High / Low 557/428
Stock P/E36.8
Book Value 167
Dividend Yield0.41 %
ROCE6.49 %
ROE7.41 %
Face Value 10.0
PEG Ratio8.44

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for JSW Energy Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
JSW Energy Ltd 85,079 Cr. 484 557/42836.8 1670.41 %6.49 %7.41 % 10.0
NHPC Ltd 75,730 Cr. 75.4 92.3/68.724.0 41.02.53 %7.42 %7.53 % 10.0
Tata Power Company Ltd 1,21,487 Cr. 380 418/33232.1 1180.59 %10.8 %11.0 % 1.00
NLC India Ltd 39,270 Cr. 283 292/20215.0 1441.27 %10.5 %14.5 % 10.0
Adani Green Energy Ltd 1,40,349 Cr. 852 1,179/76585.1 1190.00 %8.70 %14.6 % 10.0
Industry Average60,447.10 Cr156.8041.9494.050.95%8.95%11.73%7.77

All Competitor Stocks of JSW Energy Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 2,2482,6702,9283,2592,5432,7562,8793,2382,4393,1895,1435,1774,082
Expenses 1,6231,9311,7061,3791,4321,5871,4621,5531,5251,9852,3552,1812,052
Operating Profit 6257391,2221,8801,1111,1691,4181,6859141,2042,7892,9962,030
OPM % 28%28%42%58%44%42%49%52%37%38%54%58%50%
Other Income 11913687134120130167230206313271186111
Interest 2142334865145215335115185646751,3061,4181,485
Depreciation 295291398409400427375392406482739809829
Profit before tax 2353514261,0923103396981,0051503611,015955-173
Tax % 20%20%32%22%25%-2%24%13%-5%-15%18%14%-406%
Net Profit 187282290857232345534877157415836824529
EPS in Rs 1.091.651.765.171.412.142.994.880.962.334.254.032.40

Last Updated: February 5, 2026, 9:37 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 4:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 8,6489,3479,8248,2638,0499,1388,2736,9228,16710,33211,48611,74517,592
Expenses 5,3945,7235,7964,9395,3366,2835,3164,0094,5967,0506,1046,5248,573
Operating Profit 3,2553,6244,0293,3242,7132,8552,9572,9133,5723,2825,3825,2219,019
OPM % 38%39%41%40%34%31%36%42%44%32%47%44%51%
Other Income -17919634022147398376248575674472916881
Interest 1,2061,1371,4981,6851,4561,1921,0518967778442,0532,2694,883
Depreciation 8107908549699661,1641,7381,1671,1311,1691,6331,6552,858
Profit before tax 1,0601,8922,0178923388975441,0992,2381,9432,1672,2142,159
Tax % 27%27%28%30%75%24%6%25%22%24%20%10%
Net Profit 7601,3581,460623856841,0818231,7431,4801,7251,9832,603
EPS in Rs 4.608.238.833.840.484.246.704.8410.518.9910.4711.1613.01
Dividend Payout % 43%24%22%13%0%24%15%41%19%22%19%18%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)78.68%7.51%-57.33%-86.36%704.71%58.04%-23.87%111.79%-15.09%16.55%14.96%
Change in YoY Net Profit Growth (%)0.00%-71.17%-64.84%-29.03%791.06%-646.66%-81.91%135.65%-126.88%31.64%-1.60%

JSW Energy Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Last Updated: September 5, 2025, 8:30 am

Balance Sheet

Last Updated: December 4, 2025, 1:29 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 1,6401,6401,6271,6281,6401,6411,6421,6421,6401,6411,6411,7451,746
Reserves 4,9315,8788,0778,7419,47010,18110,00412,86515,77516,98819,19125,61627,377
Borrowings 10,1069,29414,86214,34911,88310,5559,8408,3718,94325,05131,57350,18569,104
Other Liabilities 2,5672,6083,9733,6723,7283,5493,4453,3284,1574,7375,36211,90915,460
Total Liabilities 19,24419,42028,53928,38926,72125,92624,93126,20730,51448,41757,76789,455113,687
Fixed Assets 13,63513,19120,29819,49118,87717,82516,71315,63714,83125,02028,94654,15572,343
CWIP 6154543215312944003914732,0914,78810,28510,28111,562
Investments 8881,6191,0121,5792,4152,4511,8544,0526,6236,0337,0359,75510,464
Other Assets 4,1074,1576,9086,7895,1355,2515,9746,0456,97012,57611,50115,26419,319
Total Assets 19,24419,42028,53928,38926,72125,92624,93126,20730,51448,41757,76789,455113,687

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2,2693,3943,5383,8533,9342,4912,0823,7002,9522,0846,2343,838
Cash from Investing Activity + -363-422-3,272-762-215-55301-1,030-1,387-6,778-8,197-22,990
Cash from Financing Activity + -1,859-2,327-1,622-2,595-3,968-2,523-1,962-2,515-7817,3271,67520,223
Net Cash Flow 48645-1,357496-249-874211557842,634-2891,072
Free Cash Flow 1,7803,0343,5033,4843,8152,2731,9893,358658-2,152-1,798-2,868
CFO/OP 78%106%95%123%151%94%76%133%95%74%123%80%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-7.00-6.00-10.00-11.00-9.00-8.00-7.00-6.00-5.00-22.00-26.00-45.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 5146108965257935130542741
Inventory Days
Days Payable
Cash Conversion Cycle 5146108965257935130542741
Working Capital Days -59-60-95-61-100-72-44-14-108-159-124-200
ROCE %15%18%16%10%9%9%7%9%12%7%9%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.66%74.66%73.39%73.39%73.67%69.32%69.32%69.32%69.26%69.26%69.26%69.26%
FIIs 5.18%5.18%8.38%8.50%8.37%15.37%14.92%14.57%13.43%12.36%12.12%9.50%
DIIs 10.06%9.59%9.69%9.36%9.29%9.21%9.78%10.05%10.94%11.43%11.56%14.39%
Government 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.03%
Public 9.84%10.33%8.33%8.53%8.45%5.90%5.81%5.92%6.21%6.79%6.97%6.74%
Others 0.25%0.25%0.22%0.21%0.21%0.19%0.15%0.15%0.14%0.14%0.07%0.07%
No. of Shareholders 2,65,1382,78,0102,89,7403,28,9153,60,2414,06,2204,41,9274,82,8775,43,3365,85,8275,85,4455,88,053

Shareholding Pattern Chart

No. of Shareholders

JSW Energy Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Equity Hybrid Fund 19,000,000 1.08 873.6218,137,4372026-02-23 03:43:534.76%
Mirae Asset Large Cap Fund 7,908,800 0.9 363.65N/AN/AN/A
SBI Midcap Fund 6,300,373 1.29 289.69N/AN/AN/A
Mirae Asset Large & Midcap Fund 6,097,983 0.66 280.39N/AN/AN/A
SBI Energy Opportunities Fund 4,650,124 2.48 213.81N/AN/AN/A
ICICI Prudential Energy Opportunities Fund 3,315,351 1.54 152.442,205,8162026-02-23 03:43:5350.3%
ICICI Prudential Equity & Debt Fund 2,761,614 0.26 126.98950,0002026-01-22 08:57:04190.7%
Mahindra Manulife Mid Cap Fund 2,101,984 2.26 96.651,531,9842026-02-23 03:43:5337.21%
HDFC Balanced Advantage Fund 1,978,533 0.09 90.97N/AN/AN/A
Mirae Asset Aggressive Hybrid Fund 1,842,807 0.9 84.73N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 11.1910.509.0110.524.84
Diluted EPS (Rs.) 11.1810.478.9910.504.84
Cash EPS (Rs.) 20.7120.3616.0317.4812.01
Book Value[Excl.RevalReserv]/Share (Rs.) 156.78128.04114.19106.2288.28
Book Value[Incl.RevalReserv]/Share (Rs.) 156.78128.04114.19106.2288.28
Revenue From Operations / Share (Rs.) 67.3069.9862.9849.8142.15
PBDIT / Share (Rs.) 35.0435.5723.2725.2319.14
PBIT / Share (Rs.) 25.5625.6116.1418.3412.04
PBT / Share (Rs.) 12.5513.1011.7313.606.58
Net Profit / Share (Rs.) 11.2310.418.9010.584.90
NP After MI And SOA / Share (Rs.) 11.1810.509.0110.544.84
PBDIT Margin (%) 52.0650.8236.9450.6645.41
PBIT Margin (%) 37.9736.5925.6236.8128.56
PBT Margin (%) 18.6518.7218.6127.3015.62
Net Profit Margin (%) 16.6814.8714.1321.2411.63
NP After MI And SOA Margin (%) 16.6014.9914.3021.1611.49
Return on Networth / Equity (%) 7.138.267.939.925.48
Return on Capital Employeed (%) 5.708.246.6611.638.64
Return On Assets (%) 2.162.953.035.583.00
Long Term Debt / Equity (X) 1.641.331.030.390.48
Total Debt / Equity (X) 1.811.501.330.510.50
Asset Turnover Ratio (%) 0.150.210.250.160.14
Current Ratio (X) 1.031.191.071.021.25
Quick Ratio (X) 0.951.080.950.841.14
Inventory Turnover Ratio (X) 13.530.000.000.000.00
Dividend Payout Ratio (NP) (%) 17.9119.0922.2519.0120.65
Dividend Payout Ratio (CP) (%) 9.699.8012.4211.498.37
Earning Retention Ratio (%) 82.0980.9177.7580.9979.35
Cash Earning Retention Ratio (%) 90.3190.2087.5888.5191.63
Interest Coverage Ratio (X) 2.692.844.525.333.51
Interest Coverage Ratio (Post Tax) (X) 1.861.832.593.231.90
Enterprise Value (Cr.) 140491.85114106.6460396.5156770.2321218.77
EV / Net Operating Revenue (X) 11.969.935.856.953.07
EV / EBITDA (X) 22.9819.5515.8213.726.75
MarketCap / Net Operating Revenue (X) 7.997.563.826.002.09
Retention Ratios (%) 82.0880.9077.7480.9879.34
Price / BV (X) 3.434.172.122.810.99
Price / Net Operating Revenue (X) 7.997.563.826.002.09
EarningsYield 0.020.010.030.030.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

JSW Energy Ltd. is a Public Limited Listed company incorporated on 10/03/1994 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L74999MH1994PLC077041 and registration number is 077041. Currently Company is involved in the business activities of Electric power generation, transmission and distribution. Company's Total Operating Revenue is Rs. 3939.31 Cr. and Equity Capital is Rs. 1745.25 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionJSW Centre, Bandra Kurla Complex, Mumbai Maharashtra 400051Contact not found
Management
NamePosition Held
Mr. Sajjan JindalChairman & Managing Director
Mr. Sharad MahendraJoint Managing Director & CEO
Mr. Parth JindalNon Executive Director
Mr. Pritesh VinayDirector - Finance
Ms. Rupa Devi SinghIndependent Director
Mr. Sunil GoyalIndependent Director
Mr. Munesh KhannaIndependent Director
Mr. Rajeev SharmaIndependent Director
Mr. Desh Deepak VermaIndependent Director
Mr. Rajiv J ChaudhriIndependent Director
Mr. Ajoy MehtaIndependent Director

FAQ

What is the intrinsic value of JSW Energy Ltd and is it undervalued?

As of 16 April 2026, JSW Energy Ltd's intrinsic value is ₹267.25, which is 44.78% lower than the current market price of ₹484.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (7.41 %), book value (₹167), dividend yield (0.41 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of JSW Energy Ltd?

JSW Energy Ltd is trading at ₹484.00 as of 16 April 2026, with a FY2026-2027 high of ₹557 and low of ₹428. The stock is currently in the middle of its 52-week range. Market cap stands at ₹85,079 Cr..

How does JSW Energy Ltd's P/E ratio compare to its industry?

JSW Energy Ltd has a P/E ratio of 36.8, which is below the industry average of 41.94. This is broadly in line with or below the industry average.

Is JSW Energy Ltd financially healthy?

Key indicators for JSW Energy Ltd: ROCE of 6.49 % is on the lower side compared to the industry average of 8.95%; ROE of 7.41 % is below ideal levels (industry average: 11.73%). Dividend yield is 0.41 %.

Is JSW Energy Ltd profitable and how is the profit trend?

JSW Energy Ltd reported a net profit of ₹1,983 Cr in Mar 2025 on revenue of ₹11,745 Cr. Compared to ₹1,743 Cr in Mar 2022, the net profit shows an improving trend.

Does JSW Energy Ltd pay dividends?

JSW Energy Ltd has a dividend yield of 0.41 % at the current price of ₹484.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in JSW Energy Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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