JSWENERGY · NSE
JSW Energy Limited
₹526
+2.73% (+₹14)
Prev. close
₹512
Volume
33,97,652
Delivery %
73.1%
As of
18 Sept 2026
Price history
PL Capital Analysis · PL Capital · 18 Sept 2026
“Bullish on JSW Energy with a 'Buy' rating and a target price of ₹646 per share, indicating a 27.90% upside. The company is set to benefit from upcoming power transmission infrastructure projects.”
Analyst sentiment
Analysts lean bullish
1 analyst stance · last 90 days · one per analyst
Trackable
1 · 1 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Bullish on JSW Energy with a 'Buy' rating and a target price of ₹646 per share, indicating a 27.90% upside. The company …” | PL Capital AnalysisPL Capital | JSW Energy | PENDING | ||||
“Bullish on JSW Energy with a 'Buy' rating and a target price of ₹646 per share, indicating a 27.90% upside. The company is set to benefit from upcoming power transmission infrastructure projects.” This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
Fundamentals
About JSW Energy Limited
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 coal mining in South Africa. JSW Energy Limited was incorporated in 1994 and is based in Mumbai, India.
Details
Sector
Utilities
Industry
Utilities - Independent Power Producers
CEO
Mr. Sharad Mahendra BE (Mech.)
Headquarters
Mumbai
Website
jsw.in/energyExchange
View on NSE ↗Key stats
Market cap
₹93,817.50 Cr
P/E ratio (TTM)
40.3
Dividend yield
0.40%
EPS (TTM)
₹12.72
Beta (1Y · daily vs NIFTY 50)
0.91
Beta (5Y · monthly vs NIFTY 50)
1.42
Shares float
58.42 Cr
EPS · quarter ended Mar 2026
₹2.07
Upcoming earnings
15 Oct 2026
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: Yahoo (no NSE corporate-actions ledger for this listing).
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹6,922.20 Cr | ₹8,167.15 Cr | ₹10,331.81 Cr | ₹11,485.91 Cr | ₹11,745.39 Cr | ₹18,901.13 Cr | |
| EBITDA | ₹3,144.03 Cr | ₹4,137.69 Cr | ₹3,937.08 Cr | ₹5,837.21 Cr | ₹6,059.59 Cr | ₹10,975.81 Cr |
| ₹795.48 Cr | ₹1,728.62 Cr | ₹1,477.76 Cr | ₹1,722.71 Cr | ₹1,950.89 Cr | ₹2,239.31 Cr | |
| Diluted EPS | ₹4.84 | ₹10.5 | ₹8.99 | ₹10.47 | ₹11.18 | ₹12.74 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹26,207.00 Cr | ₹30,514.00 Cr | ₹48,417.00 Cr | ₹57,767.00 Cr | ₹89,455.00 Cr | ₹1.24 L Cr | |
| — | ₹8,942.57 Cr | ₹25,051.48 Cr | ₹31,573.39 Cr | ₹50,185.65 Cr | ₹76,946.36 Cr | |
| Stockholders' equity | ₹14,507.00 Cr | ₹17,415.00 Cr | ₹18,629.00 Cr | ₹20,832.00 Cr | ₹27,361.00 Cr | ₹30,751.00 Cr |
Current assets, Non-current assets, Others, Total debt, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹3,700.00 Cr | ₹2,952.00 Cr | ₹2,084.00 Cr | ₹6,234.00 Cr | ₹3,838.00 Cr | ₹9,898.00 Cr | |
| Investing cash flow | ₹-1,032.56 Cr | ₹-1,392.23 Cr | ₹-7,009.48 Cr | ₹-8,317.73 Cr | ₹-23,612.86 Cr | ₹-20,270.80 Cr |
| ₹-2,514.75 Cr | ₹-781.31 Cr | ₹7,327.48 Cr | ₹1,674.83 Cr | ₹20,223.39 Cr | ₹10,617.45 Cr | |
| Capital expenditure | ₹-435.00 Cr | ₹-2,294.00 Cr | ₹-4,237.00 Cr | ₹-8,033.00 Cr | ₹-6,709.00 Cr | ₹-10,310.00 Cr |
| End cash position | ₹1,051.07 Cr | ₹1,835.12 Cr | ₹4,468.74 Cr | ₹4,180.07 Cr | ₹5,252.20 Cr | ₹7,245.13 Cr |
Debt issued, Debt repaid have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21 | Dec 21–Mar 22(2Q) | Jun 22 | Sep 22 | Dec 22 | Mar 23 | Jun 23 | Sep 23 | Dec 23 | Mar 24 | Apr 24 | Jun 24 | Sep 24–Dec 24(2Q) | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | May 26–Jun 26(2Q) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.66% | 74.66% | 74.69% | 74.69% | 74.66% | 74.66% | 74.66% | 73.38% | 73.38% | 73.67% | 69.32% | 69.32% | 69.32% | 69.26% | 69.27% | 69.27% | 69.27% | 69.41% | 66.53% |
| Public | 25.10% | 25.07% | 25.05% | 25.07% | 25.08% | 25.09% | 25.10% | 26.40% | 26.40% | 26.12% | 30.48% | 30.49% | 30.53% | 30.59% | 30.59% | 30.66% | 30.67% | 30.52% | 33.41% |
| Employee trusts | 0.23% | 0.27% | 0.26% | 0.24% | 0.27% | 0.25% | 0.25% | 0.22% | 0.21% | 0.21% | 0.20% | 0.19% | 0.15% | 0.14% | 0.14% | 0.07% | 0.07% | 0.06% | 0.06% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Utilities
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Adani Power Limited | ₹3.97 L Cr | ₹206.6 | 27.9 | 6.12 | 19.8% | 0.84 | -3.5% | -67.3% |
| NTPC Limited | ₹3.20 L Cr | ₹323.65 | 10.1 | 1.57 | 13.3% | 1.33 | -1.2% | -3.9% |
| Power Grid Corporation of India Limited | ₹2.45 L Cr | ₹270.3 | 12.9 | 2.44 | 15.8% | 1.51 | +1.6% | -6.5% |
| Adani Green Energy Limited | ₹2.10 L Cr | ₹1,334.5 | 122.3 | 10.51 | 8.3% | 5.08 | +11.6% | +36.3% |
| Adani Energy Solutions Limited | ₹1.70 L Cr | ₹1,436.1 | 57.1 | 6.67 | 9.0% | 1.93 | +15.4% | +71.5% |
| Tata Power Company Limited | ₹1.18 L Cr | ₹374.8 | 30.6 | 2.99 | 9.5% | 2.02 | -4.8% | -4.7% |
| GAIL (India) Limited | ₹1.13 L Cr | ₹173.9 | 11.4 | 1.27 | 8.5% | 0.28 | -0.2% | -3.9% |
| Siemens Energy India Limited | ₹1.11 L Cr | ₹3,228 | 74.2 | 25.27 | 25.1% | 0.03 | +63.5% | -7.1% |
| JSW Energy Limited | ₹93,817.50 Cr | ₹526 | 40.3 | 3.05 | 7.3% | 2.50 | +62.8% | -2.2% |
| NHPC Limited | ₹75,749.61 Cr | ₹75.2 | 27.6 | 1.83 | 9.1% | 1.32 | +7.2% | -13.8% |
| NTPC Green Energy Limited | ₹73,797.80 Cr | ₹88.55 | 141.3 | 3.89 | 2.8% | 1.67 | +29.8% | -14.7% |
| Torrent Power Limited | ₹65,406.68 Cr | ₹1,297.6 | 28.2 | 3.43 | 12.7% | 0.73 | -0.8% | +2.4% |
Ranked by market cap within Utilities, same metrics as the Fundamentals screener. Click a column to sort.
Documents
IPO documents
Annual reports
Show all 18
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
41 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital
Livemint · 12 hours ago
NTPC, CESC, Tata Power, NHPC, To JSW Energy: Brokerage Is Bullish On THESE Power Stocks | Target Price
HDFC Institutional Equities issued a "Buy" rating for JSW Energy, setting a bull-case target price of Rs 639 per share. This recommendation comes amid a projected surge in India's power demand and a structural shift in the power sector. JSW Energy's stock was trading lower at Rs 579.3 per share at the time of the report.