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As of 6 Nov 2026, JSW Energy trades at 41.3× trailing earnings, above the industry P/E of 21.6×, and the shares are 15% below their 52-week high. It earns ROCE of 7.3% and ROE of 7.8%, and sales and net profit grew 24% and 15% a year over 3 years. Its dividend yield is 0.4%, and debt is 2.07× equity. It is a mid-cap company with a market cap of ₹96,224 Cr, ranked 4th of 15 Utilities (Independent Power Producers) companies by market cap; the shares fell 0.9% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹520.95
Day high
₹524.95
Day low
₹512.85
Prev. close
₹523.35
Volume
14.7 L

Health check

2 good · 4 to check
  • ReturnsAhead

    −0.9% over a year, better than 5 of 7 peers.

  • Price tagPricier

    P/E 41.3 vs industry 21.6.

  • GrowthStrong

    Sales +23.5%, profit +14.9% a year over 3 years.

  • ProfitabilityWeak

    ROCE 7.3% vs peer median 8.4%.

  • Balance sheetStretched

    Debt 2.07× equity, interest covered 1.4×, Piotroski 5 of 9.

  • Red flags5 to check

    Return on equity is low at 7.8%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Utilities - Independent Power Producers

14 listed peers. Screen the industry

Mid cap

₹96,224 Cr, #4 of 15 in its industry by size.

Defensive

Beta 0.21 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹20,156 Cr · profit ₹2,319 Cr
Market cap
₹96,224 Cr
Mid cap
P/E
41.3
Industry 21.6
Price to book
2.62
Peers 2.85
Dividend yield
0.38%
ROE
7.8%
Peers 10.0%
ROCE
7.3%
Peers 8.4%
Debt to equity
2.07
Debt ₹82,547 Cr
EPS (TTM)
₹12.70
Face value ₹10
OPM (TTM)
53.4%
Net margin 11.5%
Sales growth
+23.0%
Latest quarter vs a year ago
Profit growth
+39.1%
Latest quarter vs a year ago
Price to sales
4.77
EV/EBITDA 16.0

Strengths and risks

Strengths

  • Quarterly profit up 39.1% on a year ago.
  • Quarterly sales up 23.0% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 7.8%.
  • Debt is 2.07× equity.
  • P/E of 41.3 against an industry P/E of 21.6.
  • Interest coverage of only 1.8×.
  • Promoter stake down from 69.3% to 66.5%.

Derived automatically from reported figures. Not a recommendation.

About JSW Energy

JSW Energy Limited generates and sells power in India. It has a power generation capacity of 10,875 MW, which includes 5,658MW of thermal, 1,391 MW of hydro, 1,671 of Wind, and 680 MW of solar. The company has operations in the States of Karnataka, Punjab, Maharashtra, Tamil Nadu, Himachal Pradesh, Odisha, Andhra Pradesh, Telangana, Madhya Pradesh, Chhattisgarh, Gujarat, and Rajasthan. The company engages in power transmission and trading activities; and…

Headquarters
Mumbai
Sector
Utilities
ISIN
INE121E01018
Website
jswenergy.in

Price range

52 weeks

₹427.75₹617.35

Today

₹512.85₹524.95
Avg volume (3M)
22.3 L
1-year return
minus 0.9%
From 52-week high
minus 15.0%

Analyst consensus

22 analysts
BuyMean target ₹605.18 plus 15.3%

Target range, with today’s price

Low ₹510.00High ₹720.00

Next results expected around 21 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Utilities - Independent Power Producers

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ADANIPOWERAdani Power204.29plus 0.14%3,93,96721.622.015.1%38.7%0.8012.5%plus 28.8%
ADANIENSOLAdani Energy Solutions1,457.40plus 0.74%1,78,23347.224.38.4%31.2%1.7027.7%plus 46.7%
TATAPOWERTata Power Co.352.50minus 3.31%1,12,63629.214.08.5%20.4%1.684.1%minus 9.0%
JSWENERGYJSW Energy524.95plus 0.31%96,22441.315.97.3%53.4%2.0723.5%minus 0.9%
TORNTPOWERTorrent Power1,271.10plus 0.45%64,05126.513.311.9%19.2%1.084.0%minus 3.0%
VEDPOWERVedanta Power35.33minus 3.07%13,793–19.0−7.7%13.9%0.6515.7%minus 13.7%
JPPOWERJaiprakash Power Ventures13.86minus 0.29%9,49925.28.86.7%29.3%0.23−1.3%minus 22.3%
RPOWERReliance Power18.43minus 1.44%7,622–9.64.5%30.7%0.920.8%minus 54.1%
Median of 7 peers–−0.29%64,05126.514.08.4%29.3%0.924.1%−9.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
5,1434,0824,4995,2076,368
2,3552,0522,2492,3342,751
2,7892,0302,2502,8733,618
54.2%49.7%50.0%55.2%56.8%
271176356232288
1,3061,4851,6081,5191,615
739829809890943
–−65.2–––
1,015−1731886961,348
17.7%405.8%−205.4%23.4%15.3%
7434203724711,056
4.252.412.07–5.62

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+23.5%
Profit CAGR 3Y
+14.9%
EPS CAGR 3Y
+12.3%
ROE
7.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
9,91011,26511,48418,692
–+13.7%+1.9%+62.8%
6,5645,8586,0858,329
3,3465,4075,39910,363
33.8%48.0%47.0%55.4%
289272502408
7391,9232,1915,623
1,1691,6331,6553,185
21744.115823.6
1,9432,1672,2141,986
23.8%20.4%10.4%−39.1%
1,4781,7231,9512,239
–+16.6%+13.2%+14.8%
8.9910.4711.1812.74

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,6451,6451,7481,757
16,98419,18725,61428,994
25,05131,57350,18676,946
5,0615,86412,39216,484
48,74258,26989,9391,24,182
28,80937,10557,39381,523
5,74410,97311,63319,661
4,9335,9017,5808,122
4,6644,7255,6518,109
4,591−4357,6836,767
48,74258,26989,9391,24,182

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,0846,2343,8389,898
−7,009−8,318−23,613−20,271
7,3271,67520,22310,617
2,402−409449245
−4,237−8,033−6,709−10,310
−2,152−1,799−2,870−412
−329−347−364−364

Shareholding pattern

Source: NSE filings
66.5%
promoters
  • Promoters66.53%
  • Public33.44%
  • Employee trusts0.03%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202666.53%33.44%0.00
30 Jun 202666.53%33.41%0.00
25 May 202666.53%33.41%minus 2.88
31 Mar 202669.41%30.52%plus 0.14
31 Dec 202569.27%30.67%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you