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Last Updated: April 2, 2026, 3:10 am
Author: Getaka|Social: XLinkedIn

JSW Holdings Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹15,365.37Undervalued by 30.64%vs CMP ₹11,762.00

P/E (90.2) × ROE (0.7%) × BV (₹30,255.00) × DY (2.00%)

₹7,999.67Overvalued by 31.99%vs CMP ₹11,762.00
MoS: -47% (Negative)Confidence: 58/100 (Moderate)Models: 2 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹15,182.9123%Under (+29.1%)
Graham NumberEarnings₹9,359.3416%Over (-20.4%)
Earnings PowerEarnings₹1,591.5711%Over (-86.5%)
DCFCash Flow₹1,379.2214%Over (-88.3%)
Net Asset ValueAssets₹30,253.647%Under (+157.2%)
EV/EBITDAEnterprise₹2,529.699%Over (-78.5%)
Earnings YieldEarnings₹1,286.807%Over (-89.1%)
ROCE CapitalReturns₹1,563.107%Over (-86.7%)
Revenue MultipleRevenue₹335.135%Over (-97.2%)
Consensus (9 models)₹7,999.67100%Overvalued
Key Drivers: ROE 0.7% is below cost of equity. | Wide model spread (₹335–₹30,254) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -1.2%

*Investments are subject to market risks

Investment Snapshot

45
JSW Holdings Ltd scores 45/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 0.8% WeakROE 0.7% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.25% (6mo) Slight increasePromoter holding at 66.3% Stable
Earnings Quality50/100 · Moderate
OPM contracting (98% → 94%) DecliningWorking capital: 30 days (improving) Efficient
Quarterly Momentum25/100 · Weak
Revenue (4Q): -28% YoY DecliningProfit (4Q): -35% YoY Declining
Industry Rank30/100 · Weak
P/E 90.2 vs industry 98.5 In-lineROCE 0.8% vs industry 21.7% Below peersROE 0.7% vs industry 14.2% Below peers3Y sales CAGR: 10% 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 13,056 Cr.
Current Price 11,762
Intrinsic Value₹7,999.67
High / Low 27,760/11,250
Stock P/E90.2
Book Value 30,255
Dividend Yield0.00 %
ROCE0.82 %
ROE0.69 %
Face Value 10.0
PEG Ratio-75.96

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

View Share Price Target for JSW Holdings Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
JSW Holdings Ltd 13,056 Cr. 11,762 27,760/11,25090.2 30,2550.00 %0.82 %0.69 % 10.0
RRP Semiconductor Ltd 13,265 Cr. 9,736 11,902/642 6.860.00 %80.2 %209 % 10.0
Sundaram Finance Holdings Ltd 15,197 Cr. 684 702/24033.0 2520.85 %2.27 %7.93 % 5.00
Edelweiss Financial Services Ltd 10,052 Cr. 106 131/73.517.0 46.71.41 %13.3 %8.68 % 1.00
Computer Age Management Services Ltd 16,252 Cr. 655 875/61136.6 45.61.89 %54.8 %43.9 % 2.00
Industry Average6,725.79 Cr1,029.6498.514,364.490.43%21.71%14.20%7.23

All Competitor Stocks of JSW Holdings Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 262426892727271622929308433
Expenses 1133333434444
Operating Profit 252323862524241582626268029
OPM % 95%95%89%97%90%87%88%98%89%87%88%96%89%
Other Income 000000000000-3
Interest 0000000000000
Depreciation 0000000000000
Profit before tax 252323862524241582626268026
Tax % 25%25%26%26%26%18%25%25%25%26%25%25%26%
Net Profit 304124633533531201410346732
EPS in Rs 26.9737.3521.9556.9431.2729.9947.37107.7912.518.7630.4660.5228.94

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

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 638910712193186407170248176
Expenses 4556566121415
Operating Profit 598410211588180401157234161
OPM % 94%95%95%95%95%97%99%93%94%92%
Other Income 000000000-3
Interest 0000000000
Depreciation 0000000000
Profit before tax 598410211588180401157234158
Tax % 20%19%14%10%25%25%25%25%25%
Net Profit 487010010675152332156196143
EPS in Rs 43.4362.6690.1295.9067.77136.60298.66140.15176.43128.68
Dividend Payout % 0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)45.83%42.86%6.00%-29.25%102.67%118.42%-53.01%25.64%
Change in YoY Net Profit Growth (%)0.00%-2.98%-36.86%-35.25%131.91%15.75%-171.43%78.65%

JSW Holdings Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:15%
3 Years:10%
TTM:47%
Compounded Profit Growth
10 Years:%
5 Years:13%
3 Years:9%
TTM:-4%
Stock Price CAGR
10 Years:36%
5 Years:51%
3 Years:73%
1 Year:147%
Return on Equity
10 Years:%
5 Years:1%
3 Years:1%
Last Year:1%

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

Balance Sheet

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

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 11111111111111111111
Reserves 8478,2448,2767,10112,59119,94319,39925,42431,29933,571
Borrowings 0000000000
Other Liabilities 27437186001,4432,8022,6293,8163,9554,283
Total Liabilities 8608,9989,0057,71214,04522,75622,03929,25135,26537,865
Fixed Assets 0000000000
CWIP 0000000000
Investments 5318,6428,6197,27913,54622,11921,10228,19134,04536,572
Other Assets 3303563874334996379381,0601,2201,294
Total Assets 8608,9989,0057,71214,04522,75622,03929,25135,26537,865

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 32668910367130298115169
Cash from Investing Activity + -43-58-87-108-72-131-298-112-170
Cash from Financing Activity + 000000000
Net Cash Flow -1182-4-5-113-1
Free Cash Flow 32668910367130298115169
CFO/OP 74%98%101%100%102%98%100%98%98%

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow59.0084.00102.00115.0088.00180.00401.00157.00234.00

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 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 131683106240
Inventory Days
Days Payable
Cash Conversion Cycle 131683106240
Working Capital Days 744836354232143730
ROCE %2%1%2%1%1%2%1%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 66.28%66.28%66.28%66.28%66.28%66.28%66.28%66.28%66.28%66.28%66.28%66.28%
FIIs 22.38%22.38%22.37%22.38%21.42%21.51%21.71%22.28%22.63%22.61%22.64%22.88%
DIIs 0.04%0.04%0.04%0.04%0.09%0.11%0.11%0.11%0.21%0.31%0.26%0.12%
Public 11.28%11.28%11.27%11.28%12.18%12.09%11.89%11.32%10.86%10.79%10.80%10.70%
Others 0.02%0.02%0.02%0.01%0.02%0.02%0.01%0.01%0.01%0.01%0.01%0.01%
No. of Shareholders 19,30019,47819,67720,11621,67321,87021,93124,72622,55023,90824,75423,928

Shareholding Pattern Chart

No. of Shareholders

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

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 176.45140.18298.72136.6667.96
Diluted EPS (Rs.) 176.45140.15298.65136.6667.96
Cash EPS (Rs.) 157.41106.92269.99121.3459.39
Book Value[Excl.RevalReserv]/Share (Rs.) 28212.7022920.4117490.8117986.6111385.87
Book Value[Incl.RevalReserv]/Share (Rs.) 28212.7022920.4117490.8117986.6111385.87
Revenue From Operations / Share (Rs.) 223.54152.80366.55167.7983.85
PBDIT / Share (Rs.) 210.88141.92361.23162.6079.32
PBIT / Share (Rs.) 210.88141.92361.23162.5979.30
PBT / Share (Rs.) 210.88141.92361.23162.5979.24
Net Profit / Share (Rs.) 157.41106.92269.99121.3359.36
NP After MI And SOA / Share (Rs.) 176.45140.18298.72136.6667.95
PBDIT Margin (%) 94.3392.8898.5496.9094.59
PBIT Margin (%) 94.3392.8898.5496.9094.57
PBT Margin (%) 94.3392.8898.5496.9094.49
Net Profit Margin (%) 70.4169.9773.6572.3170.79
NP After MI And SOA Margin (%) 78.9391.7481.4981.4581.04
Return on Networth / Equity (%) 0.620.611.700.750.59
Return on Capital Employeed (%) 0.660.531.810.790.62
Return On Assets (%) 0.550.531.500.660.53
Asset Turnover Ratio (%) 0.010.010.010.010.01
Current Ratio (X) 62475.7482665.46104884.99140022.56156027.77
Quick Ratio (X) 62475.7482665.46104884.99140022.56156027.77
Interest Coverage Ratio (X) 0.000.000.000.001298.80
Interest Coverage Ratio (Post Tax) (X) 0.000.000.000.00972.97
Enterprise Value (Cr.) 25323.947985.324256.304544.784241.10
EV / Net Operating Revenue (X) 102.0847.0910.4624.4245.70
EV / EBITDA (X) 108.2050.7010.6225.1948.30
MarketCap / Net Operating Revenue (X) 102.0947.1210.4724.4245.71
Price / BV (X) 0.800.310.210.220.33
Price / Net Operating Revenue (X) 102.0947.1210.4724.4245.71
EarningsYield 0.010.010.070.030.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

JSW Holdings Ltd. is a Public Limited Listed company incorporated on 12/07/2001 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L67120MH2001PLC217751 and registration number is 217751. Currently Company is involved in the business activities of Activities of holding companies. Company's Total Operating Revenue is Rs. 248.09 Cr. and Equity Capital is Rs. 11.10 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsVillage : Vasind, Thane District Maharashtra 421604Contact not found
Management
NamePosition Held
Mr. N K JainChairman
Mr. Manoj Kr MohtaWhole-time Director & CFO & CEO
Mr. K N PatelNon Executive Director
Mr. Vineet AgrawalNon Executive Director
Mr. Pankaj KulkarniIndependent Director
Ms. Anuradha BajpaiIndependent Director

FAQ

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

As of 13 April 2026, JSW Holdings Ltd's intrinsic value is ₹7999.67, which is 31.99% lower than the current market price of ₹11,762.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.69 %), book value (₹30,255), dividend yield (0.00 %), and 5-year EPS CAGR.

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

JSW Holdings Ltd is trading at ₹11,762.00 as of 13 April 2026, with a FY2026-2027 high of ₹27,760 and low of ₹11,250. The stock is currently near its 52-week low. Market cap stands at ₹13,056 Cr..

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

JSW Holdings Ltd has a P/E ratio of 90.2, which is below the industry average of 98.51. This is broadly in line with or below the industry average.

Is JSW Holdings Ltd financially healthy?

Key indicators for JSW Holdings Ltd: ROCE of 0.82 % is on the lower side compared to the industry average of 21.71%; ROE of 0.69 % is below ideal levels (industry average: 14.20%). Dividend yield is 0.00 %.

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

JSW Holdings Ltd reported a net profit of ₹196 Cr in Mar 2025 on revenue of ₹248 Cr. Compared to ₹152 Cr in Mar 2022, the net profit shows an improving trend.

Does JSW Holdings Ltd pay dividends?

JSW Holdings Ltd has a dividend yield of 0.00 % at the current price of ₹11,762.00. The company is currently not paying meaningful dividends.

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 Holdings 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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