Adani Power vs JSW Energy: share price, P/E, ROE and financials compared
Adani Power
JSW Energy
Adani Power and JSW Energy at a glance
Adani Power and JSW Energy are both listed in Power. Adani Power is the larger by market cap, at ₹3.9L Cr against ₹96,224 Cr for JSW Energy (4.1 times as large). On valuation, Adani Power has the lower P/E (21.6× against 41.3×), while JSW Energy has the lower price-to-book (2.62× against 5.13×). On returns and margins, Adani Power has the higher ROCE (15.1% against 7.3%) and the higher ROE (27.0% against 7.8%), while JSW Energy has the higher operating margin (53.4% against 38.7%). Over three years, JSW Energy has faster 3-year sales growth (+23.5% against +12.5% a year) and faster 3-year profit growth (+14.9% against +6.2% a year). Adani Power carries less debt for its equity, with a debt-to-equity of 0.80× against 2.07×.
Key metrics, side by side
| Metric | Adani PowerADANIPOWER | JSW EnergyJSWENERGY |
|---|---|---|
| Price (₹) | 204.29 | 524.95 |
| Market cap (₹ Cr) | 3,93,967 | 96,224 |
| P/E | 21.6× (the lower figure, shaded) | 41.3× |
| P/B | 5.13× | 2.62× (the lower figure, shaded) |
| Dividend yield, trailing | 0.00% | 0.38% (the higher figure, shaded) |
| ROE | 27.0% (the higher figure, shaded) | 7.8% |
| ROCE | 15.1% (the higher figure, shaded) | 7.3% |
| Operating margin (OPM) | 38.7% | 53.4% (the higher figure, shaded) |
| Net margin (NPM) | 28.0% (the higher figure, shaded) | 11.5% |
| Sales CAGR 3Y | +12.5% | +23.5% (the higher figure, shaded) |
| Profit CAGR 3Y | +6.2% | +14.9% (the higher figure, shaded) |
| Debt to equity | 0.80× (the lower figure, shaded) | 2.07× |
| Interest cover | 6.2× (the higher figure, shaded) | 1.4× |
| Net profit TTM (₹ Cr) | 18,222 | 2,319 |
| 1Y return | +28.8% (the higher figure, shaded) | −0.9% |
| Promoter holding | 74.96% | 66.53% |
Adani Power vs JSW Energy: common questions
Which is bigger, Adani Power or JSW Energy?
By market cap, Adani Power is bigger at ₹3.9L Cr, against ₹96,224 Cr for JSW Energy (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹18,222 Cr for Adani Power and ₹2,319 Cr for JSW Energy.
Which has a lower P/E ratio, Adani Power or JSW Energy?
Adani Power trades at a P/E of 21.6× and JSW Energy at 41.3×. Adani Power has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Adani Power or JSW Energy?
Adani Power reports a return on equity of 27.0% and JSW Energy 7.8%. Adani Power has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Adani Power or JSW Energy?
Over the last three years: Sales grew +12.5% a year at Adani Power and +23.5% at JSW Energy, so JSW Energy grew sales faster; profit grew +6.2% a year at Adani Power and +14.9% at JSW Energy, so JSW Energy grew profit faster. Past growth doesn’t predict future growth.