J

JSW Energy Limited

JSWENERGYNSE
Market snapshot · 2026-08-10 22:55 UTC

578.00

+₹13.60 (+2.41%)

MARKET CAP

₹1.06L Cr

STOCK P/E

45.3x

52W HIGH

₹617.35

52W LOW

₹427.75

BOOK VALUE

₹175.10

EPS

₹12.76

ROE

SECTOR

Utilities

DEBT/EQUITY

229.16

VOLUME

19.45L

P/B RATIO

3.30x

PEG RATIO

-1.12

Sector

Utilities

Themes

Power GenerationGreen EnergySolar EnergyJindal Group
D
Dividend
E
Earnings
₹593.03₹554.60₹516.17₹477.74₹439.31VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

JSW Energy is an Indian power-generation company selling electricity through thermal, hydro, wind and solar assets. Thermal capacity drives the largest share, while hydro, wind and solar expand renewable generation. Its transmission, trading and South African coal-mining activities provide additional revenue streams. The 300MW Maruti Clean Coal acquisition increases capacity and could support revenue growth, while the improving margin trend indicates operating benefits. Revenue grew 62.8% year-on-year, but profit increased only 14.8%, suggesting earnings conversion remains constrained despite improving margins. Debt/equity of 229.16 indicates heavy leverage, which can amplify financial costs and pressure ROE. At 44.2 times earnings, the stock appears rich relative to current profit growth and is classified as overvalued. The key open question is whether capacity additions and renewable expansion can sustain growth without worsening leverage or diluting returns.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for JSWENERGY.

22.00 analysts

Price Forecast

Current
₹578.00
High Target
₹720.00
▲ +24.6%
Median Target
₹630.00
▲ +9.0%
Low Target
₹475.00
▼ -17.8%
Now₹578.00High ₹720.00Median ₹630.00Low ₹475.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
22 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹480.24 - ₹701.0780%
6M₹445.77 - ₹761.1680%
12M₹402.11 - ₹856.9780%
Realized vol: +29.5% · Drift: +5.9%

Revenue Forecast

₹ Cr
Jun '26Current₹1,101.0
Sep 2026 ETrend estimate range
High₹726.9Base₹673.1Low₹619.2
Sep '25: ₹780.0 · Dec '25: ₹695.0 · Mar '26: ₹639.0 · Jun '26: ₹1,101.0 · Sep '26: ₹673.1 · Dec '26: ₹599.7
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E780.0695.0639.01,101.0673.1599.7
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹1.03
Sep 2026 ETrend estimate range
High₹0.96Base₹0.86Low₹0.75
Sep '25: ₹1.09 · Dec '25: ₹0.37 · Mar '26: ₹2.52 · Jun '26: ₹1.03 · Sep '26: ₹0.86 · Dec '26: ₹0.29
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E1.090.372.521.030.860.29
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
68%
Analyst Consensus
Weakening

From 22 analysts

Mean upside+6.3%

Fundamentals

Strong

Fundamentals institutional score is 74 using growth durability 73.5.

Valuation

Fairly valued

Valuation institutional score is 58 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 51 using mean target upside 6.3%; dispersion penalty 15.9; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 100 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 1 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and technical structure provide support, while analyst consensus and market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Fairly valuedAnalyst Consensus NeutralTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price614.6 target
Mean Upside+6.3%
Technical Score100%
Fundamental Score74%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 9.3% above historical median. Valuation is stable — currently in the undervalued zone (z-score: +0.3). Confidence: 82%.

Live forward EPS implies next-12-month EPS of ₹16.99. Applying the stock's normalized valuation corridor produces a fair range of ₹640.52 to ₹787.49, with base value near ₹687.59 (+19.0% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹16.99

Forward P/E

34.0x

Base Fair Value

₹687.59

Fair Range

₹640.52 - ₹787.49

Upside To Base

+19.0%

Estimate Source

Live forward EPS

Growth Estimate

-39.5%

P/E
Undervalued

5Y Average

34.49

Current

44.23

Overvalued

46.35

Undervalued

37.70

EV/EBITDA
Strongly Overvalued

5Y Average

12.77

Current

16.77

Overvalued

15.39

Undervalued

8.64

P/B
Undervalued

5Y Average

3.34

Current

3.30

Overvalued

3.84

Undervalued

2.83

Peers & Comparison

Sector: Utilities · Theme: Power Generation

Power Generation Peers8 peers
Avg P/E: 48x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
SIEMENS ENERGY INDIA LTD
ENRINPower Generation
+39.3%15.8%
96.8x
Premium
+102% vs avg
+17.2%
NTPC LTD
NTPCPower Generation
+8.0%14.5%
10.4x
Undervalued
-78% vs avg
+1.9%
ADANI POWER LTD
ADANIPOWERPower Generation
+34.0%24.1%
28.5x
Undervalued
-41% vs avg
+76.0%
CESC LTD
CESCPower Generation
+5.6%8.3%
14.2x
Undervalued
-70% vs avg
+1.2%
TATA POWER CO LTD
TATAPOWERPower Transmission & Distribution
+5.6%6.1%
31.7x
Undervalued
-34% vs avg
-1.0%
SJVN LTD
SJVNRenewable Energy
+52.0%12.8%
41.9x
Fair
-13% vs avg
-26.9%
TORRENT POWER LTD
TORNTPOWERPower Transmission & Distribution
+2.8%8.0%
29.2x
Undervalued
-39% vs avg
+0.4%
ADANI GREEN ENERGY LTD
ADANIGREENRenewable Energy
+16.6%13.1%
131.3x
Premium
+174% vs avg
+47.7%
WHY THESE PEERS

JSW ENERGY LIMITED trades in line with peers (45.3x vs avg 48.0x), reflecting a fair valuation within the Power Generation cohort. Peers include SIEMENS ENERGY INDIA LTD, NTPC LTD, ADANI POWER LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹1.10K CrJun 2026

Latest net profit

₹188 CrJun 2026

Latest EPS

₹1.03Jun 2026

Net margin

27.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%9.0%18.0%27.0%36.0%0.00 Cr300 Cr600 Cr900 Cr1.20K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr300 Cr600 Cr900 Cr1.20K Cr₹0₹1₹1₹2₹3
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr300 Cr600 Cr900 Cr1.20K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr15.00K Cr30.00K Cr45.00K Cr60.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +1,4851,1331,2761,2361,0509679779469167806956391,101
Expenses +1,136739768767675718671668612521451430805
Operating Profit348394507469374250305277303259244209296
OPM %23%35%40%38%36%26%31%29%33%33%35%33%27%
Other Income +7758225311717881305140205122455204
Interest105119118135907588112202214234237245
Depreciation71696564646462535757565662
Profit before tax24926334732233828923641718519376371193
Tax %33%28%28%-6%25%1%8%-11%12%1%14%-19%3%
Net Profit +16619125134225428621746416219065442188
EPS in Rs1.011.161.532.081.451.631.242.660.931.090.372.521.03
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +69.26%69.26%69.26%69.41%66.53%
FIIs +12.36%12.12%9.50%9.74%11.41%
DIIs +11.43%11.56%14.39%14.29%16.16%
Government +0.03%0.03%0.03%
Public +6.79%6.97%6.74%6.44%5.82%
Others0.16%0.09%0.08%0.09%0.05%
Jun 2026
Promoters +
FIIs +
DIIs +
Government +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Capacity Addition

Aug 10, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Change in Directorate

Aug 08, 2026PDFCompany Reports Open

Board Meeting Outcome for Outcome Of The Board Meeting - Appointment Of Mr. Sanjay Sagar As An Additional Director (Non-Executive, Non- Independent) Of The Company

Aug 08, 2026PDFCompany Reports Open

Assignment And Re-Affirmation Of Credit Rating - JSW Mahanadi Power Company Limited

Aug 07, 2026PDFCompany Reports Open