JSW ENERGY Ltd (JSWENERGY) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↓

-0.70%

Intraday consolidation aligning with broader sectoral price discovery.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 11.4%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 7.5%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹501.32

200-Day DMA ● Overlay

₹464.95

14-Day RSI ● Overlay

49.6 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹88,924 Cr

Large cap

Stock P/E (TTM) Valuation

44.3x

Price / EPS

Book Value (₹) Assets

₹175.0

P/B: 2.8x

ROE (%) Quality

7.5%

Net Profit / Equity

ROCE (%) Efficiency

8.2%

EBIT / Capital

Dividend Yield Yield

0.41%

Face Value: ₹10

Debt / Equity Solvency

2.50x

Manageable

EPS (TTM) Per Share

₹10.95

Trailing 12M

OPM (%) Spread

54.0%

EBITDA Margin

Free Cash Flow Cash

-₹213.00 Cr

CFO - Capex

About JSW ENERGY Ltd

JSW ENERGY Ltd (JSWENERGY) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 38.9% × Turnover: 0.85x × Leverage: 3.5x = ROE: 7.51%

✓ Company Strengths (Pros)

• Maintains healthy operating profit margins of ~54.0%.
• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Company has a high debt-to-equity ratio of 2.50x.
• Company has generated a modest return on equity (ROE of 7.5%).

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹18,965 Cr

Latest PAT

₹2,459 Cr

EPS (TTM)

₹10.95

OPM %

54.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹2,928 Cr	₹3,259 Cr	₹2,543 Cr	₹2,756 Cr	₹2,879 Cr	₹3,238 Cr	₹2,439 Cr	₹3,189 Cr	₹5,143 Cr	₹5,177 Cr	₹4,082 Cr	₹4,499 Cr	₹5,207 Cr
Operating Profit (EBITDA)	₹1,222 Cr	₹1,880 Cr	₹1,111 Cr	₹1,169 Cr	₹1,418 Cr	₹1,685 Cr	₹914.00 Cr	₹1,204 Cr	₹2,789 Cr	₹2,996 Cr	₹2,030 Cr	₹2,250 Cr	₹2,873 Cr
OPM %	42.0%	58.0%	44.0%	42.0%	49.0%	52.0%	37.0%	38.0%	54.0%	58.0%	50.0%	50.0%	55.0%
Interest Expense	₹486.00 Cr	₹514.00 Cr	₹521.00 Cr	₹533.00 Cr	₹511.00 Cr	₹518.00 Cr	₹564.00 Cr	₹675.00 Cr	₹1,306 Cr	₹1,418 Cr	₹1,485 Cr	₹1,608 Cr	₹1,519 Cr
Depreciation	₹398.00 Cr	₹409.00 Cr	₹400.00 Cr	₹427.00 Cr	₹375.00 Cr	₹392.00 Cr	₹406.00 Cr	₹482.00 Cr	₹739.00 Cr	₹809.00 Cr	₹829.00 Cr	₹809.00 Cr	₹890.00 Cr
Profit before Tax (PBT)	₹426.00 Cr	₹1,092 Cr	₹310.00 Cr	₹339.00 Cr	₹698.00 Cr	₹1,005 Cr	₹150.00 Cr	₹361.00 Cr	₹1,015 Cr	₹955.00 Cr	-₹173.00 Cr	₹188.00 Cr	₹696.00 Cr
Net Profit (PAT)	₹290.00 Cr	₹857.00 Cr	₹232.00 Cr	₹345.00 Cr	₹534.00 Cr	₹877.00 Cr	₹157.00 Cr	₹415.00 Cr	₹836.00 Cr	₹824.00 Cr	₹529.00 Cr	₹574.00 Cr	₹533.00 Cr
EPS in ₹	₹1.76	₹5.17	₹1.41	₹2.14	₹2.99	₹4.88	₹0.96	₹2.33	₹4.25	₹4.03	₹2.40	₹2.11	₹2.57

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹9,347 Cr	₹9,824 Cr	₹8,263 Cr	₹8,049 Cr	₹9,138 Cr	₹8,273 Cr	₹6,922 Cr	₹8,167 Cr	₹10,332 Cr	₹11,486 Cr	₹11,745 Cr	₹18,901 Cr	₹18,965 Cr
Expenses	₹5,723 Cr	₹5,796 Cr	₹4,939 Cr	₹5,336 Cr	₹6,283 Cr	₹5,316 Cr	₹4,009 Cr	₹4,596 Cr	₹7,050 Cr	₹6,104 Cr	₹6,524 Cr	₹8,833 Cr	₹8,816 Cr
Operating Profit	₹3,624 Cr	₹4,029 Cr	₹3,324 Cr	₹2,713 Cr	₹2,855 Cr	₹2,957 Cr	₹2,913 Cr	₹3,572 Cr	₹3,282 Cr	₹5,382 Cr	₹5,221 Cr	₹10,068 Cr	₹10,149 Cr
OPM %	39%	41%	40%	34%	31%	36%	42%	44%	32%	47%	44%	53%	54%
Interest	₹1,137 Cr	₹1,498 Cr	₹1,685 Cr	₹1,456 Cr	₹1,192 Cr	₹1,051 Cr	₹896.00 Cr	₹777.00 Cr	₹844.00 Cr	₹2,053 Cr	₹2,269 Cr	₹5,816 Cr	₹6,030 Cr
Depreciation	₹790.00 Cr	₹854.00 Cr	₹969.00 Cr	₹966.00 Cr	₹1,164 Cr	₹1,738 Cr	₹1,167 Cr	₹1,131 Cr	₹1,169 Cr	₹1,633 Cr	₹1,655 Cr	₹3,185 Cr	₹3,336 Cr
Profit before Tax	₹1,892 Cr	₹2,017 Cr	₹892.00 Cr	₹338.00 Cr	₹897.00 Cr	₹544.00 Cr	₹1,099 Cr	₹2,238 Cr	₹1,943 Cr	₹2,167 Cr	₹2,214 Cr	₹1,986 Cr	₹1,666 Cr
Net Profit	₹1,358 Cr	₹1,460 Cr	₹623.00 Cr	₹85.00 Cr	₹684.00 Cr	₹1,081 Cr	₹823.00 Cr	₹1,743 Cr	₹1,480 Cr	₹1,725 Cr	₹1,983 Cr	₹2,762 Cr	₹2,459 Cr
EPS in Rs	8.23	8.83	3.84	0.48	4.24	6.70	4.84	10.51	8.99	10.47	11.16	12.74	11.11

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹1,640 Cr	₹1,627 Cr	₹1,628 Cr	₹1,640 Cr	₹1,641 Cr	₹1,642 Cr	₹1,642 Cr	₹1,640 Cr	₹1,641 Cr	₹1,641 Cr	₹1,745 Cr	₹1,756 Cr
Reserves & Surplus	₹5,878 Cr	₹8,077 Cr	₹8,741 Cr	₹9,470 Cr	₹10,181 Cr	₹10,004 Cr	₹12,865 Cr	₹15,775 Cr	₹16,988 Cr	₹19,191 Cr	₹25,616 Cr	₹28,995 Cr
Borrowings (Debt)	₹9,294 Cr	₹14,862 Cr	₹14,349 Cr	₹11,883 Cr	₹10,555 Cr	₹9,840 Cr	₹8,371 Cr	₹8,943 Cr	₹25,051 Cr	₹31,573 Cr	₹50,185 Cr	₹76,946 Cr
Total Liabilities	₹19,420 Cr	₹28,539 Cr	₹28,389 Cr	₹26,721 Cr	₹25,926 Cr	₹24,931 Cr	₹26,207 Cr	₹30,514 Cr	₹48,417 Cr	₹57,767 Cr	₹89,455 Cr	₹1.24 Lakh Cr
Fixed Assets	₹13,191 Cr	₹20,298 Cr	₹19,491 Cr	₹18,877 Cr	₹17,825 Cr	₹16,713 Cr	₹15,637 Cr	₹14,831 Cr	₹25,020 Cr	₹28,946 Cr	₹54,155 Cr	₹74,523 Cr
Total Assets	₹19,420 Cr	₹28,539 Cr	₹28,389 Cr	₹26,721 Cr	₹25,926 Cr	₹24,931 Cr	₹26,207 Cr	₹30,514 Cr	₹48,417 Cr	₹57,767 Cr	₹89,455 Cr	₹1.24 Lakh Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹3,394 Cr	₹3,538 Cr	₹3,853 Cr	₹3,934 Cr	₹2,491 Cr	₹2,082 Cr	₹3,700 Cr	₹2,952 Cr	₹2,084 Cr	₹6,234 Cr	₹3,838 Cr	₹9,898 Cr
Cash from Investing (CFI)	-₹422.00 Cr	-₹3,272 Cr	-₹762.00 Cr	-₹215.00 Cr	-₹55.00 Cr	₹301.00 Cr	-₹1,030 Cr	-₹1,387 Cr	-₹6,778 Cr	-₹8,197 Cr	-₹22,990 Cr	-₹18,523 Cr
Cash from Financing (CFF)	-₹2,327 Cr	-₹1,622 Cr	-₹2,595 Cr	-₹3,968 Cr	-₹2,523 Cr	-₹1,962 Cr	-₹2,515 Cr	-₹781.00 Cr	₹7,327 Cr	₹1,675 Cr	₹20,223 Cr	₹10,617 Cr
Free Cash Flow (FCF)	₹3,034 Cr	₹3,503 Cr	₹3,484 Cr	₹3,815 Cr	₹2,273 Cr	₹1,989 Cr	₹3,358 Cr	₹658.00 Cr	-₹2,152 Cr	-₹1,798 Cr	-₹2,868 Cr	-₹213.00 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	46	108	96	52	57	93	51	30	54	27	41	31
Inventory Days	0	0	0	0	0	0	0	0	0	0	0	0
Cash Conversion Cycle (Days)	46	108	96	52	57	93	51	30	54	27	41	31
ROCE %	18%	16%	10%	9%	9%	7%	9%	12%	7%	9%	6%	8%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹167.24 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹519.50

DCF Fair Value

₹167.24

Graham Number

₹207.64

Margin of Safety

-64.3%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹167.24

Premium / Overvalued (Margin: -64.3%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹163	₹161	₹160	₹158
10%	₹166	₹164	₹163	₹161
12%	₹169	₹167	₹166	₹164
14%	₹172	₹170	₹169	₹167

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹167	Fairly Valued
Benjamin Graham Number	₹208	Market Priced
Historical Sector P/E	₹241	Premium
EV / EBITDA Multiplier	₹545	In-Line
Free Cash Flow Yield Model	₹509	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 6/9 (Stable Financials)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

6 / 9 Pass

Altman Z-Score

3.03 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Elevated leverage at 2.50x

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Managing working capital

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 54.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

66.53%

FIIs (Foreign)

11.41%

DIIs (Domestic)

16.16%

Government

0.15%

Public / Retail

5.82%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	73.39%	73.39%	73.67%	69.32%	69.32%	69.32%	69.26%	69.26%	69.26%	69.26%	69.41%	66.53%
+ FIIs (Foreign Portfolio)	8.38%	8.50%	8.37%	15.37%	14.92%	14.57%	13.43%	12.36%	12.12%	9.50%	9.74%	11.41%
+ DIIs (Mutual Funds / Insurance)	9.69%	9.36%	9.29%	9.21%	9.78%	10.05%	10.94%	11.43%	11.56%	14.39%	14.29%	16.16%
+ Public (Retail & HNIs)	8.33%	8.53%	8.45%	5.90%	5.81%	5.92%	6.21%	6.79%	6.97%	6.74%	6.44%	5.82%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Power & Utilities.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

JSWENERGY Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

JSWENERGY Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

JSWENERGY Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹664.96

Accelerated market share capture in Power & Utilities, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹581.84

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 44x P/E.

🐻 Bear Case (15%) -12.0%

₹457.16

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Power & Utilities)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 19:19 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ JSW ENERGY Ltd (JSWENERGY)	Target Stock	₹519.50	-0.70%	44.3x	7.5%	8.2%	2.50	₹88,924 Cr
SOLAR INDUSTRIES (I) Ltd (SOLARINDS)	Power & Utilities Operations	₹18,971.00	-0.28%	88.2x	32.6%	38.1%	0.24	₹1.76 Lakh Cr
HITACHI ENERGY INDIA Ltd (POWERINDIA)	Power & Utilities Operations	₹29,100.00	+3.37%	118.0x	21.9%	29.4%	0.02	₹1.41 Lakh Cr
Tata Power Company Ltd (TATAPOWER)	Renewables, EV Charging & Transmission	₹360.00	+0.00%	28.6x	10.2%	10.5%	1.93	₹1.12 Lakh Cr
NTPC GREEN ENERGY Ltd (NTPCGREEN)	Power & Utilities Operations	₹83.60	+1.35%	125.0x	2.8%	3.6%	1.67	₹75,896 Cr
NHPC Ltd (NHPC)	Hydroelectric & Renewable Power	₹77.90	-3.10%	19.0x	9.3%	5.8%	1.26	₹72,073 Cr
TORRENT POWER Ltd (TORNTPOWER)	Power & Utilities Operations	₹1,239.80	+0.31%	27.0x	12.5%	13.7%	0.73	₹62,630 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	19:19:02 IST	✓ Live Sync
Financial Statements (10Y)	JSW ENERGY Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

JSW ENERGY Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About JSW ENERGY Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Power & Utilities)

Metric Explainer

Stock DNA Methodology

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