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JSW Holdings (JSWHL) had a P/E of 60.5× on 6 Nov 2026, above the industry P/E of 25.9×, and the shares are 52% below their 52-week high. It earns ROCE of 0.4% and ROE of 0.6%, and sales and net profit fell 24% and 24% a year over 3 years. It is a small-cap company with a market cap of ₹12,158 Cr, ranked 13th of 69 Asset Management companies by market cap; the shares fell 34% 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
₹10,901.00
Day high
₹11,023.00
Day low
₹10,728.00
Prev. close
₹11,043.00
Volume
4.8K

Health check

5 to check
  • ReturnsBehind

    −34.0% over a year, better than 0 of 7 peers.

  • Price tagPricier

    P/E 60.5 vs industry 25.9.

  • GrowthShrinking

    Sales −23.9%, profit −23.8% a year over 3 years.

  • ProfitabilityWeak

    ROCE 0.4% vs peer median 38.5%.

  • Balance sheetn/a

    Balance sheet figures aren’t reported.

  • Red flags3 to check

    Return on equity is low at 0.6%.

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

Asset Management

68 listed peers. Screen the industry

Small cap

₹12,158 Cr, #13 of 69 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹267 Cr · profit ₹201 Cr
Market cap
₹12,158 Cr
Small cap
P/E
60.5
Industry 25.9
Price to book
0.34
Peers 13.19
Dividend yield
0.00%
ROE
0.6%
Peers 35.3%
ROCE
0.4%
Peers 38.5%
Debt to equity
n/a
Debt ₹0.00 Cr
EPS (TTM)
₹181.17
Face value ₹10
OPM (TTM)
93.5%
Net margin 75.3%
Sales growth
+99.3%
Latest quarter vs a year ago
Profit growth
+94.9%
Latest quarter vs a year ago
Price to sales
45.51
EV/EBITDA 48.7

Strengths and risks

Strengths

  • Quarterly profit up 94.9% on a year ago.
  • Quarterly sales up 99.3% on a year ago.
  • Net margin of 75.3%.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 0.6%.
  • P/E of 60.5 against an industry P/E of 25.9.
  • 52% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About JSW Holdings

JSW Holdings Limited engages in investing and financing activities in India. The company grants loans; and provides securities, as well as invests in securities. JSW Holdings Limited was incorporated in 2001 and is based in Mumbai, India.

Headquarters
Mumbai
Employees
3
Sector
Financial Services
ISIN
INE824G01012
Website
jswholdings.in

Price range

52 weeks

₹10,530.00₹22,790.00

Today

₹10,728.00₹11,023.00
Avg volume (3M)
6.2K
1-year return
minus 34.0%
From 52-week high
minus 51.9%

Peers · Asset Management

Compare with peersScreen the whole industry
Company
JIOFINJio Financial Services231.20plus 0.69%1,58,44587.91.191.7%1.3%75.8%431.5%268.2%0.26%minus 23.9%
ICICIAMCICICI Prudential Asset Management Company2,935.80minus 1.45%1,45,10441.127.1698.3%76.2%74.1%28.9%29.6%1.44%plus 13.5%
BAJAJHLDNGBajaj Holdings & Investment11,044.00plus 1.80%1,22,91313.21.67–11.6%78.8%19.0%25.7%1.18%minus 10.3%
HDFCAMCHDFC Asset Management Company2,649.80plus 0.37%1,13,70138.313.1938.5%36.4%81.4%23.9%26.2%2.04%minus 2.3%
SBIFUNDSSBI Funds Management499.55minus 1.30%1,01,75033.313.47–40.4%78.5%––0.00%minus 18.1%
NAM-INDIANippon Life India Asset Management1,065.20minus 0.37%68,17742.814.2940.0%35.3%67.3%26.1%28.3%2.07%plus 21.3%
360ONE360 ONE WAM1,145.00plus 0.36%49,10738.74.5013.5%12.7%47.3%24.0%22.7%1.18%plus 5.7%
JSWHLJSW Holdings10,954.00minus 0.81%12,15860.50.34–0.6%97.0%––0.00%minus 34.0%
Median of 7 peers–0.36%1,13,70138.713.1938.5%35.3%75.8%25.0%27.2%1.18%−2.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
30.1–32.733.134.6167
3.7–3.63.15.75
26.3–29.13028.9162
87.6%–89.0%90.7%83.6%97.0%
––0−9.13.210.2
––0000
––−2.70.3––
–87.526.421.232.1172
––25.6%36.0%23.6%23.8%
33.8–32.113.524.5131
30.46–28.9412.2022.10117.93

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−23.9%
Profit CAGR 3Y
−23.8%
EPS CAGR 3Y
−23.8%
ROE
0.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
407170248179
–minus 58.3%+46.3%minus 27.6%
5.912.11414
401157234165
98.5%92.9%94.4%92.2%
0021.225.1
00–0
–––−2.4
401157255188
25.3%24.7%23.3%22.0%
331156196147
–minus 53.1%+25.9%minus 25.1%
298.65140.15176.43132.12

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
11.111.111.111.1
19,39925,42431,29933,000
2,6293,8163,9554,191
22,03929,25135,26537,203
0––0
21,10227,11633,05734,699
1.14.118.67.5
9362,1312,1902,496
22,03929,25135,26537,203

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
298115169140
−298−112−170−140
––0−0.9
0.82.9−0.7−0.8
–––−0
298115169140

Shareholding pattern

Source: NSE filings
66.3%
promoters
  • Promoters66.29%
  • Public33.71%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202666.29%33.71%0.00
30 Jun 202666.29%33.70%0.00
31 Mar 202666.29%33.70%0.00
31 Dec 202566.29%33.70%0.00
30 Sep 202566.29%33.70%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you