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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

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. Prashant JainJoint Managing Director & CEO
Mr. Parth JindalNon Executive Director
Mr. Pritesh VinayDirector - Finance
Mr. Sunil GoyalIndependent Director
Ms. Rupa Devi SinghIndependent Director
Mr. Munesh KhannaIndependent Director
Mr. Rajeev SharmaIndependent Director
Mr. Desh Deepak VermaIndependent Director

JSW Energy Ltd. Share Price Update

Share PriceValue
Today₹499.40
Previous Day₹506.35

Basic Stock Data of JSW Energy Ltd

Market Cap 85,071 Cr.
Current Price 517
High / Low538/208
Stock P/E51.8
Book Value 121
Dividend Yield0.37 %
ROCE7.28 %
ROE7.22 %
Face Value 10.0

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

JSW Energy Ltd Quarterly Chart

JSW Energy Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6,0578,8708,6489,3479,8248,2638,0499,1388,2736,9228,16710,33211,105
Expenses4,6596,0695,3945,7235,7964,9395,3366,2834,7464,0094,5967,0506,639
Operating Profit1,3982,8013,2553,6244,0293,3242,7132,8553,5272,9133,5723,2824,467
OPM %23%32%38%39%41%40%34%31%43%42%44%32%40%
Other Income359-17919634022147398376248575674476
Interest7179631,2061,1371,4981,6851,4561,1921,0518967778441,446
Depreciation5036628107908549699661,1641,7381,1671,1311,1691,393
Profit before tax2131,1861,0601,8922,0178923388971,1141,0992,2381,9432,103
Tax %20%23%27%27%28%30%75%24%3%25%22%24%
Net Profit1719017601,3581,460623856841,0818231,7431,4801,616
EPS in Rs1.045.514.608.238.833.840.484.246.704.8410.518.999.67
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:2%
5 Years:5%
3 Years:8%
TTM:13%
Compounded Profit Growth
10 Years:2%
5 Years:98%
3 Years:9%
TTM:-16%
Stock Price CAGR
10 Years:26%
5 Years:49%
3 Years:89%
1 Year:122%
Return on Equity
10 Years:8%
5 Years:8%
3 Years:8%
Last Year:7%

JSW Energy Ltd Balance Sheet

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2,0291,7252,2693,3943,5383,8533,9342,4912,0863,7002,9522,084
Cash from Investing Activity -1,820-944-363-422-3,272-762-215-55300-1,030-1,387-6,778
Cash from Financing Activity -553-684-1,859-2,327-1,622-2,595-3,968-2,523-1,965-2,515-7817,327
Net Cash Flow-3459648645-1,357496-249-874211557842,634

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

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.68%74.67%74.66%74.66%74.66%74.69%74.69%74.66%74.66%74.66%73.39%73.39%
FIIs5.55%5.91%5.92%5.51%5.36%5.27%5.34%5.14%5.18%5.18%8.38%8.50%
DIIs7.17%6.46%7.49%9.19%10.16%10.08%10.09%10.08%10.06%9.59%9.69%9.36%
Public12.57%12.95%11.70%10.37%9.55%9.70%9.65%9.86%9.84%10.33%8.33%8.53%
Others0.03%0.01%0.23%0.27%0.27%0.26%0.24%0.27%0.25%0.25%0.22%0.21%
No. of Shareholders1,50,8771,84,2861,99,4342,25,1052,35,6442,64,8132,59,2422,59,3292,65,1382,78,0102,89,7403,28,916

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)
Edelweiss Mid Cap Fund1964122275.78
ICICI Prudential MidCap Fund8531010.7732.91
Edelweiss Balanced Advantage Fund5607030.2321.63
Edelweiss Flexi Cap Fund5263881.5720.31
Union Midcap Fund2882361.3311.12
Edelweiss Large & Mid Cap Fund2870470.511.07
Edelweiss Multi Cap Fund2668191.0410.29
Union Innovation & Opportunities Fund2156081.668.32
Aditya Birla Sun Life Pure Value Fund2022090.177.8
Motilal Oswal Nifty Midcap 150 Index Fund1913410.737.38

JSW Energy Ltd ROCE Trend

JSW Energy Ltd EPS Trend

JSW Energy Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)9.0110.524.846.704.24
Diluted EPS (Rs.)8.9910.504.846.704.24
Cash EPS (Rs.)16.0317.4812.0113.5311.07
Book Value[Excl.RevalReserv]/Share (Rs.)114.19106.2288.2870.7871.97
Book Value[Incl.RevalReserv]/Share (Rs.)114.19106.2288.2870.7871.97
Revenue From Operations / Share (Rs.)62.9849.8142.1550.3855.69
PBDIT / Share (Rs.)23.2725.2319.1419.7619.63
PBIT / Share (Rs.)16.1418.3412.0412.6412.54
PBT / Share (Rs.)11.7313.606.586.625.27
Net Profit / Share (Rs.)8.9010.584.906.413.98
NP After MI And SOA / Share (Rs.)9.0110.544.846.704.24
PBDIT Margin (%)36.9450.6645.4139.2135.25
PBIT Margin (%)25.6236.8128.5625.0922.51
PBT Margin (%)18.6127.3015.6213.129.46
Net Profit Margin (%)14.1321.2411.6312.737.14
NP After MI And SOA Margin (%)14.3021.1611.4913.297.60
Return on Networth / Equity (%)7.939.925.489.445.87
Return on Capital Employeed (%)6.6611.638.6410.019.54
Return On Assets (%)3.035.583.004.382.68
Long Term Debt / Equity (X)1.030.390.480.710.78
Total Debt / Equity (X)1.330.510.500.710.78
Asset Turnover Ratio (%)0.210.160.140.210.24
Current Ratio (X)1.071.021.251.040.71
Quick Ratio (X)0.950.841.140.890.60
Dividend Payout Ratio (NP) (%)22.2519.0120.6514.920.00
Dividend Payout Ratio (CP) (%)12.4211.498.377.230.00
Earning Retention Ratio (%)77.7580.9979.3585.080.00
Cash Earning Retention Ratio (%)87.5888.5191.6392.770.00
Interest Coverage Ratio (X)4.525.333.513.092.70
Interest Coverage Ratio (Post Tax) (X)2.593.231.901.941.55
Enterprise Value (Cr.)60396.5156770.2321218.7715050.6620937.47
EV / Net Operating Revenue (X)5.856.953.071.822.29
EV / EBITDA (X)15.8213.726.754.646.50
MarketCap / Net Operating Revenue (X)3.826.002.090.841.30
Retention Ratios (%)77.7480.9879.3485.070.00
Price / BV (X)2.122.810.990.601.01
Price / Net Operating Revenue (X)3.826.002.090.841.30
EarningsYield0.030.030.050.150.05

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 of JSW Energy Ltd Stock

Fair Value: ₹454.21

The stock is overvalued by 12.15% compared to the current price ₹517

*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 is trading at a high valuation with an average P/B ratio of 14.34 and average Dividend Yield of 27.72%.
  2. The stock has a low average ROCE of 11.33%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 62.83, which may not be favorable.
  4. The company has higher borrowings (13,185.31) compared to reserves (9,982.31), which may suggest financial risk.

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