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Last Updated on: 26 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

JSW Energy Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 26, 2024, 10:10 pm

Market Cap 1,11,108 Cr.
Current Price 636
High / Low 805/404
Stock P/E56.9
Book Value 160
Dividend Yield0.31 %
ROCE8.59 %
ROE8.40 %
Face Value 10.0
PEG Ratio6.84

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

View Share Price Target for JSW Energy Ltd

Competitors of JSW Energy Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Muzali Arts Ltd 5.80 Cr. 0.98 1.35/0.91 2.370.00 %7.96 %14.0 % 1.00
IND Renewable Energy Ltd 22.5 Cr. 16.1 24.3/11.0749 18.70.00 %0.07 %0.34 % 10.0
GMR Power & Urban Infra Ltd 7,453 Cr. 104 169/38.6 11.10.00 %11.4 %% 5.00
Gita Renewable Energy Ltd 63.8 Cr. 155 310/121245 32.20.00 %2.71 %1.91 % 10.0
SJVN Ltd 42,795 Cr. 109 170/88.846.3 37.21.65 %4.99 %5.90 % 10.0
Industry Average56,245.10 Cr214.3489.6787.840.69%8.19%10.02%8.08

All Competitor Stocks of JSW Energy Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,6091,5701,7282,0871,9052,4413,0262,3872,2482,6702,9283,2592,543
Expenses1,0049371,0291,1581,1021,3092,0041,4981,6231,9311,7061,3791,432
Operating Profit6046336989308031,1321,0228906257391,2221,8801,111
OPM %38%40%40%45%42%46%34%37%28%28%42%58%44%
Other Income54501351528121521221411913687134120
Interest191257290191195100193204214233486514521
Depreciation292294288284281277289294295291398409400
Profit before tax1761322556074079697536052353514261,092310
Tax %19%20%18%44%21%9%26%24%20%20%32%22%25%
Net Profit142105209337321877555457187282290857232
EPS in Rs0.750.651.222.061.975.263.412.831.091.651.765.171.41

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6,0578,8708,6489,3479,8248,2638,0499,1388,2736,9228,16710,33211,400
Expenses4,6596,0695,3945,7235,7964,9395,3366,2834,7464,0094,5967,0506,447
Operating Profit1,3982,8013,2553,6244,0293,3242,7132,8553,5272,9133,5723,2824,953
OPM %23%32%38%39%41%40%34%31%43%42%44%32%43%
Other Income359-17919634022147398376248575674477
Interest7179631,2061,1371,4981,6851,4561,1921,0518967778441,753
Depreciation5036628107908549699661,1641,7381,1671,1311,1691,498
Profit before tax2131,1861,0601,8922,0178923388971,1141,0992,2381,9432,179
Tax %20%23%27%27%28%30%75%24%3%25%22%24%
Net Profit1719017601,3581,460623856841,0818231,7431,4801,661
EPS in Rs1.045.514.608.238.833.840.484.246.704.8410.518.999.99
Dividend Payout %48%36%43%24%22%13%0%24%15%41%19%22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)426.90%-15.65%78.68%7.51%-57.33%-86.36%704.71%58.04%-23.87%111.79%-15.09%
Change in YoY Net Profit Growth (%)0.00%-442.55%94.33%-71.17%-64.84%-29.03%791.06%-646.66%-81.91%135.65%-126.88%

JSW Energy Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:3%
5 Years:5%
3 Years:18%
TTM:3%
Compounded Profit Growth
10 Years:5%
5 Years:20%
3 Years:29%
TTM:23%
Stock Price CAGR
10 Years:20%
5 Years:56%
3 Years:27%
1 Year:55%
Return on Equity
10 Years:8%
5 Years:8%
3 Years:9%
Last Year:8%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 10:30 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital1,6401,6401,6401,6271,6281,6401,6411,6421,6421,6401,6411,6411,745
Reserves4,5644,9315,8788,0778,7419,47010,18110,00412,86515,77516,98819,19126,226
Borrowings10,37710,1069,29414,86214,34911,88310,5559,8408,3718,94325,05131,57330,853
Other Liabilities3,7982,5672,6083,9733,6723,7283,5493,4453,3284,1574,7375,3626,108
Total Liabilities20,37819,24419,42028,53928,38926,72125,92624,93126,20730,51448,41757,76764,932
Fixed Assets13,92513,63513,19120,29819,49118,87717,82516,71315,63714,83125,02028,94631,573
CWIP9776154543215312944003914732,0914,78810,28510,410
Investments9558881,6191,0121,5792,4152,4511,8544,0526,6236,0337,03510,101
Other Assets4,5214,1074,1576,9086,7895,1355,2515,9746,0456,97012,57611,50112,847
Total Assets20,37819,24419,42028,53928,38926,72125,92624,93126,20730,51448,41757,76764,932

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1,7252,2693,3943,5383,8533,9342,4912,0823,7002,9522,0846,234
Cash from Investing Activity +-944-363-422-3,272-762-215-55301-1,030-1,387-6,778-8,197
Cash from Financing Activity +-684-1,859-2,327-1,622-2,595-3,968-2,523-1,962-2,515-7817,3271,675
Net Cash Flow9648645-1,357496-249-874211557842,634-289

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow1.00-8.00-7.00-6.00-10.00-11.00-9.00-8.00-6.00-6.00-5.00-22.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days7651461089652576951305427
Inventory Days
Days Payable
Cash Conversion Cycle7651461089652576951305427
Working Capital Days-74-51-54-36-61-99-72-341-1840-9
ROCE %14%15%18%16%10%9%9%10%9%12%7%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
Promoters74.66%74.66%74.66%74.69%74.69%74.66%74.66%74.66%73.39%73.39%73.67%69.32%
FIIs5.92%5.51%5.36%5.27%5.34%5.14%5.18%5.18%8.38%8.50%8.37%13.34%
DIIs7.49%9.19%10.16%10.08%10.09%10.08%10.06%9.59%9.69%9.36%9.29%9.31%
Public11.70%10.37%9.55%9.70%9.65%9.86%9.84%10.33%8.33%8.53%8.45%7.82%
Others0.23%0.27%0.27%0.26%0.24%0.27%0.25%0.25%0.22%0.21%0.21%0.20%
No. of Shareholders1,99,4342,25,1052,35,6442,64,8132,59,2422,59,3292,65,1382,78,0102,89,7403,28,9153,60,2413,58,735

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Edelweiss Mid Cap Fund1,964,122275.78853,1012024-12-24130.23%
ICICI Prudential MidCap Fund853,1010.7732.91853,1012024-12-240%
Edelweiss Balanced Advantage Fund560,7030.2321.63853,1012024-12-24-34.27%
Edelweiss Flexi Cap Fund526,3881.5720.31853,1012024-12-24-38.3%
Union Midcap Fund288,2361.3311.12853,1012024-12-24-66.21%
Edelweiss Large & Mid Cap Fund287,0470.511.07853,1012024-12-24-66.35%
Edelweiss Multi Cap Fund266,8191.0410.29853,1012024-12-24-68.72%
Union Innovation & Opportunities Fund215,6081.668.32853,1012024-12-24-74.73%
Aditya Birla Sun Life Pure Value Fund202,2090.177.8853,1012024-12-24-76.3%
Motilal Oswal Nifty Midcap 150 Index Fund191,3410.737.38853,1012024-12-24-77.57%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)10.509.0110.524.846.70
Diluted EPS (Rs.)10.478.9910.504.846.70
Cash EPS (Rs.)20.3616.0317.4812.0113.53
Book Value[Excl.RevalReserv]/Share (Rs.)128.04114.19106.2288.2870.78
Book Value[Incl.RevalReserv]/Share (Rs.)128.04114.19106.2288.2870.78
Revenue From Operations / Share (Rs.)69.9862.9849.8142.1550.38
PBDIT / Share (Rs.)35.5723.2725.2319.1419.76
PBIT / Share (Rs.)25.6116.1418.3412.0412.64
PBT / Share (Rs.)13.1011.7313.606.586.62
Net Profit / Share (Rs.)10.418.9010.584.906.41
NP After MI And SOA / Share (Rs.)10.509.0110.544.846.70
PBDIT Margin (%)50.8236.9450.6645.4139.21
PBIT Margin (%)36.5925.6236.8128.5625.09
PBT Margin (%)18.7218.6127.3015.6213.12
Net Profit Margin (%)14.8714.1321.2411.6312.73
NP After MI And SOA Margin (%)14.9914.3021.1611.4913.29
Return on Networth / Equity (%)8.267.939.925.489.44
Return on Capital Employeed (%)8.246.6611.638.6410.01
Return On Assets (%)2.953.035.583.004.38
Long Term Debt / Equity (X)1.331.030.390.480.71
Total Debt / Equity (X)1.501.330.510.500.71
Asset Turnover Ratio (%)0.210.250.160.140.21
Current Ratio (X)1.191.071.021.251.04
Quick Ratio (X)1.080.950.841.140.89
Dividend Payout Ratio (NP) (%)19.0922.2519.0120.6514.92
Dividend Payout Ratio (CP) (%)9.8012.4211.498.377.23
Earning Retention Ratio (%)80.9177.7580.9979.3585.08
Cash Earning Retention Ratio (%)90.2087.5888.5191.6392.77
Interest Coverage Ratio (X)2.844.525.333.513.09
Interest Coverage Ratio (Post Tax) (X)1.832.593.231.901.94
Enterprise Value (Cr.)114106.6460396.5156770.2321218.7715050.66
EV / Net Operating Revenue (X)9.935.856.953.071.82
EV / EBITDA (X)19.5515.8213.726.754.64
MarketCap / Net Operating Revenue (X)7.563.826.002.090.84
Retention Ratios (%)80.9077.7480.9879.3485.07
Price / BV (X)4.172.122.810.990.60
Price / Net Operating Revenue (X)7.563.826.002.090.84
EarningsYield0.010.030.030.050.15

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of JSW Energy Ltd as of December 26, 2024 is: 767.11

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 26, 2024, JSW Energy Ltd is Undervalued by 20.61% compared to the current share price 636.00

Intrinsic Value of JSW Energy Ltd as of December 26, 2024 is: 830.91

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 26, 2024, JSW Energy Ltd is Undervalued by 30.65% compared to the current share price 636.00

Last 5 Year EPS CAGR: 8.32%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -38.92, which is a positive sign.
  2. The company has shown consistent growth in sales (8.31 cr) and profit (180.92 cr) over the years.
  1. The stock has a low average ROCE of 11.50%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 59.75, which may not be favorable.
  3. The company has higher borrowings (15,081.31) compared to reserves (11,760.85), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in JSW Energy Ltd:
    1. Net Profit Margin: 14.87%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 8.24% (Industry Average ROCE: 8.19%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 8.26% (Industry Average ROE: 8.87%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.83
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.08
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 56.9 (Industry average Stock P/E: 68.98)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.5
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

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. 3642.74 Cr. and Equity Capital is Rs. 1639.67 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Generation/DistributionJSW Centre, Bandra Kurla Complex, Mumbai Maharashtra 400051jswel.investor@jsw.in
http://www.jsw.in
Management
NamePosition Held
Mr. Sajjan JindalChairman & Managing Director
Mr. Sharad MahendraJoint Managing Director & CEO
Mr. Ashok RamachandranWhole Time Director & COO
Mr. Parth JindalNon Exe.Non Ind.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

FAQ

What is the latest intrinsic value of JSW Energy Ltd?

The latest intrinsic value of JSW Energy Ltd as on 26 December 2024 is ₹767.11, which is 20.61% higher than the current market price of ₹636.00. The stock has a market capitalization of 1,11,108 Cr. and recorded a high/low of 805/404 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹26,226 Cr and total liabilities of ₹64,932 Cr.

What is the Market Cap of JSW Energy Ltd?

The Market Cap of JSW Energy Ltd is 1,11,108 Cr..

What is the current Stock Price of JSW Energy Ltd as on 26 December 2024?

The current stock price of JSW Energy Ltd as on 26 December 2024 is 636.

What is the High / Low of JSW Energy Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of JSW Energy Ltd stocks is 805/404.

What is the Stock P/E of JSW Energy Ltd?

The Stock P/E of JSW Energy Ltd is 56.9.

What is the Book Value of JSW Energy Ltd?

The Book Value of JSW Energy Ltd is 160.

What is the Dividend Yield of JSW Energy Ltd?

The Dividend Yield of JSW Energy Ltd is 0.31 %.

What is the ROCE of JSW Energy Ltd?

The ROCE of JSW Energy Ltd is 8.59 %.

What is the ROE of JSW Energy Ltd?

The ROE of JSW Energy Ltd is 8.40 %.

What is the Face Value of JSW Energy Ltd?

The Face Value of JSW Energy Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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