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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of JSW Energy Ltd

About the Company - JSW Energy Ltd

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

Basic Stock Data of JSW Energy Ltd

Last Updated: July 24, 2024, 11:04 pm

Market Cap 1,19,413 Cr.
Current Price 682
High / Low752/286
Stock P/E61.3
Book Value 127
Dividend Yield0.29 %
ROCE8.59 %
ROE8.40 %
Face Value 10.0
PEG Ratio7.37

Data Source: screener.in

JSW Energy Ltd Quarterly Results

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: July 11, 2024, 11:16 am

JSW Energy Ltd Quarterly Chart

JSW Energy Ltd Profit & Loss

Last Updated: July 10, 2024, 6:44 pm

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%

JSW Energy Ltd Profit & Loss Yearly Chart

JSW Energy Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:5%
3 Years:18%
TTM:12%
Compounded Profit Growth
10 Years:5%
5 Years:20%
3 Years:29%
TTM:63%
Stock Price CAGR
10 Years:24%
5 Years:58%
3 Years:40%
1 Year:128%
Return on Equity
10 Years:8%
5 Years:8%
3 Years:9%
Last Year:8%

Last Updated: July 25, 2024, 5:30 am

JSW Energy Ltd Balance Sheet

Last Updated: July 10, 2024, 6:44 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1,6401,6401,6401,6401,6271,6281,6401,6411,6421,6421,6401,6411,641
Reserves4,0604,5644,9315,8788,0778,7419,47010,18110,00412,86515,77516,98818,236
Borrowings9,99510,37710,1069,29414,86214,34911,88310,5559,8408,3718,94325,05127,783
Other Liabilities3,6043,7982,5672,6083,9733,6723,7283,5493,4453,3284,1574,7375,447
Total Liabilities19,29920,37819,24419,42028,53928,38926,72125,92624,93126,20730,51448,41753,107
Fixed Assets10,97413,92513,63513,19120,29819,49118,87717,82516,71315,63714,83125,02928,126
CWIP3,6709776154543215312944003914732,0914,7807,341
Investments4979558881,6191,0121,5792,4152,4511,8544,0526,6236,0336,701
Other Assets4,1574,5214,1074,1576,9086,7895,1355,2515,9746,0456,97012,57610,939
Total Assets19,29920,37819,24419,42028,53928,38926,72125,92624,93126,20730,51448,41753,107

JSW Energy Ltd Reserves and Borrowings Chart

JSW Energy Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 1,7252,2693,3943,5383,8533,9342,4912,0863,7002,9522,0846,234
Cash from Investing Activity -944-363-422-3,272-762-215-55300-1,030-1,387-6,778-8,197
Cash from Financing Activity -684-1,859-2,327-1,622-2,595-3,968-2,523-1,965-2,515-7817,3271,675
Net Cash Flow9648645-1,357496-249-874211557842,634-289

JSW Energy Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days6476514610896525769513054
Inventory Days
Days Payable
Cash Conversion Cycle6476514610896525769513054
Working Capital Days-119-74-51-54-36-61-99-72-341-1841
ROCE %7%14%15%18%16%10%9%9%10%9%12%7%

JSW Energy Ltd Financial Efficiency Indicators Chart

JSW Energy Ltd 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

JSW Energy Ltd Shareholding Pattern Chart

No. of JSW Energy Ltd Shareholders

JSW Energy Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Edelweiss Mid Cap Fund1,964,122275.78202,2092024-07-23871.33%
ICICI Prudential MidCap Fund853,1010.7732.91202,2092024-07-23321.89%
Edelweiss Balanced Advantage Fund560,7030.2321.63202,2092024-07-23177.29%
Edelweiss Flexi Cap Fund526,3881.5720.31202,2092024-07-23160.32%
Union Midcap Fund288,2361.3311.12202,2092024-07-2342.54%
Edelweiss Large & Mid Cap Fund287,0470.511.07202,2092024-07-2341.96%
Edelweiss Multi Cap Fund266,8191.0410.29202,2092024-07-2331.95%
Union Innovation & Opportunities Fund215,6081.668.32202,2092024-07-236.63%
Aditya Birla Sun Life Pure Value Fund202,2090.177.8202,2092024-07-230%
Motilal Oswal Nifty Midcap 150 Index Fund191,3410.737.38202,2092024-07-23-5.37%

JSW Energy Ltd ROCE Trend

JSW Energy Ltd EPS Trend

JSW Energy Ltd 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

JSW Energy Ltd Profitability Ratios (%)

JSW Energy Ltd Liquidity Ratios

JSW Energy Ltd Liquidity Ratios (%)

JSW Energy Ltd Interest Coverage Ratios (%)

JSW Energy Ltd Valuation Ratios

Fair Value

Fair Value: 655.84

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.

Overvalued: 3.84% compared to the current price 682

Intrinsic Value: 710.39

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 4.16% compared to the current price 682

Last 5 Year EPS CAGR: 8.32%

*Investments are subject to market risks

Strength and Weakness of JSW Energy Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -48.00, 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 11.33%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 62.83, which may not be favorable.
  3. The company has higher borrowings (13,767.00) compared to reserves (10,555.42), which may suggest financial risk.

FAQ

What is the latest fair value of JSW Energy Ltd?

The latest fair value of JSW Energy Ltd is ₹655.84.

What is the Market Cap of JSW Energy Ltd?

The Market Cap of JSW Energy Ltd is 1,19,413 Cr..

What is the current Stock Price of JSW Energy Ltd as on 25 July 2024?

The current stock price of JSW Energy Ltd as on 25 July 2024 is 682.

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

In FY 2024, the High / Low of JSW Energy Ltd stocks is 752/286.

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

The Stock P/E of JSW Energy Ltd is 61.3.

What is the Book Value of JSW Energy Ltd?

The Book Value of JSW Energy Ltd is 127.

What is the Dividend Yield of JSW Energy Ltd?

The Dividend Yield of JSW Energy Ltd is 0.29 %.

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