JSW Energy Ltd.

NSE: JSWENERGY · Power

₹524.95+0.31%06 Nov 2026

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Instant answers about JSW Energy Ltd. — computed from its filings, no language model

Market cap₹96,224 cr

Current price₹524.95

High / Low₹602 / ₹440

P/E41.5

P/B2.62

Book value₹200.3

ROE6.3%

ROCE7.0%

Debt / equity2.21

Dividend yield0.38%

EPS (TTM)₹12.65

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	8,049	9,138	8,273	6,922	8,167	10,332	11,486	11,745	18,901
EBITDA	2,763	2,853	2,957	2,907	3,569	3,282	5,382	5,221	10,064
Operating margin	34.3%	31.2%	35.7%	42.0%	43.7%	31.8%	46.9%	44.4%	53.2%
Interest	1,456	1,192	1,051	896	777	844	2,053	2,269	5,816
Depreciation	966	1,164	1,168	1,167	1,131	1,169	1,633	1,655	3,185
Profit before tax	388	865	1,086	1,081	2,230	1,924	2,150	2,191	1,974
Tax	253	212	33	276	495	477	442	231	-777
Net profit	78	695	1,100	795	1,729	1,478	1,723	1,951	2,239
EPS ₹	0.48	4.24	6.70	4.84	10.52	9.01	10.50	11.19	12.82
Operating cash flow	—	—	—	—	2,952	2,084	6,234	3,838	9,898
Capex	—	—	—	—	2,294	4,236	8,033	6,709	10,310
Dividend paid	—	—	—	—	329	329	347	364	364
Total assets	26,721	25,926	25,112	26,436	30,932	48,742	58,269	89,939	1,24,182
Equity	11,110	11,822	11,646	14,507	17,415	18,629	20,832	27,361	30,752

Quarterly performance

last 34 quarters · ₹ crore

showing latest 8 of 34 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,775	2,361	2,431	2,422	1,925	2,412	2,119	1,949	1,793	1,805	1,939	1,609	1,570	1,728	2,087	1,894	2,441	2,387	2,248	2,670	2,928	3,259	2,543	2,756	2,879	3,238	2,439	3,189	5,143	5,177	4,082	4,499	5,207	6,368
Operating profit	422	776	861	739	477	809	935	638	575	746	924	604	633	698	930	791	1,132	890	625	745	1,222	1,880	1,111	1,169	1,418	1,685	914	1,204	2,789	2,996	2,030	2,250	2,873	3,618
Operating margin	23.7%	32.9%	35.4%	30.5%	24.8%	33.5%	44.1%	32.7%	32.1%	41.3%	47.7%	37.6%	40.3%	40.4%	44.5%	41.8%	46.4%	37.3%	27.8%	27.9%	41.7%	57.7%	43.7%	42.4%	49.2%	52.0%	37.5%	37.8%	54.2%	57.9%	49.7%	50.0%	55.2%	56.8%
Other income	104	67	137	70	94	52	113	68	54	82	61	50	44	132	150	91	214	209	102	136	85	128	119	123	163	222	201	308	268	184	173	352	229	289
Interest	323	313	308	295	276	270	272	261	248	240	207	191	257	290	191	195	100	204	214	233	486	514	521	533	511	518	564	675	1,306	1,418	1,485	1,608	1,519	1,615
Depreciation	238	290	293	293	287	291	294	293	289	290	292	292	294	288	284	281	277	294	295	291	398	409	400	427	375	392	406	482	739	809	829	809	890	943
Profit before tax	-454	241	397	221	7	300	482	213	92	297	486	172	126	252	604	405	968	600	218	357	424	1,086	309	332	694	997	145	355	1,012	954	-176	185	694	1,349
Tax	2	24	112	64	13	88	134	-192	3	79	136	34	27	47	270	87	92	148	48	126	136	235	78	-6	164	128	-7	-54	180	131	-702	-386	163	207
Net profit	-483	229	316	146	4	244	353	394	108	213	352	124	107	201	339	324	864	466	180	272	290	850	231	351	522	853	168	408	743	705	420	372	471	1,056
EPS ₹	-2.95	1.40	1.93	0.89	0.02	1.49	2.15	2.40	0.66	1.30	2.14	0.75	0.65	1.22	2.07	1.95	5.25	2.85	1.09	1.66	1.77	5.18	1.41	2.14	3.00	4.90	0.96	2.34	4.26	4.04	2.41	2.12	2.64	5.77
Revenue YoY	—	—	—	—	8.4%	2.2%	-12.8%	-19.5%	-6.8%	-25.2%	-8.5%	-17.4%	-12.5%	-4.3%	7.7%	17.7%	55.5%	14.4%	18.7%	9.4%	—	36.5%	13.1%	3.2%	-1.7%	-0.7%	-4.1%	15.7%	78.6%	59.9%	67.4%	41.0%	1.2%	23.0%
Profit YoY	—	—	—	—	—	6.6%	11.7%	169.7%	2702.1%	-12.7%	-0.2%	-68.7%	-1.7%	-5.7%	-3.7%	162.2%	710.8%	37.3%	-44.6%	-68.5%	—	82.6%	28.8%	29.1%	80.0%	0.4%	-27.4%	16.1%	42.4%	-17.4%	150.2%	-8.9%	-36.6%	49.9%

Earlier results (standalone, Dec '09 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

JSW Energy Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	5,010	6,396	5,803	6,332	5,959	4,041
Operating profit	1,201	2,106	2,010	2,099	2,225	905
Operating margin	24.0%	32.9%	34.6%	33.1%	37.3%	22.4%
Other income	121	305	255	294	232	329
Interest	508	572	628	586	639	533
Depreciation	377	425	453	421	430	364
Profit before tax	291	1,244	817	1,356	1,388	337
Tax	57	251	214	361	422	142
Net profit	235	993	602	995	966	195

Quarters

showing latest 8 of 32 periods

	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	704	752	899	803	957	1,179	842	1,452	1,537	1,606	1,514	1,727	1,549	1,499	1,230	1,548	1,525	1,726	1,527	1,659	1,420	1,286	1,444	1,598	1,632	1,299	815	914	1,013	1,122	939	1,135
Operating profit	412	358	472	316	333	406	123	266	406	453	461	642	551	580	464	470	496	518	475	587	519	436	483	646	660	448	165	140	152	188	203	182
Operating margin	58.5%	47.7%	52.5%	39.4%	34.8%	34.5%	14.6%	18.3%	26.4%	28.2%	30.4%	37.2%	35.6%	38.7%	37.7%	30.3%	32.5%	30.0%	31.1%	35.4%	36.6%	33.9%	33.4%	40.5%	40.5%	34.5%	20.3%	15.3%	15.0%	16.8%	21.6%	16.0%
Other income	8	51	23	46	28	20	16	20	65	101	61	58	85	67	60	59	69	55	139	54	46	56	106	41	29	111	75	66	77	114	146	98
Interest	82	72	59	67	121	104	118	142	144	144	141	148	139	138	146	180	164	153	148	145	140	136	160	174	169	167	125	127	113	117	128	108
Depreciation	39	39	38	39	63	84	89	102	102	104	106	107	108	111	115	114	112	103	108	105	105	107	108	108	107	90	92	92	91	93	93	89
Profit before tax	299	298	398	256	178	238	-142	-90	284	79	369	394	401	226	100	193	299	317	327	391	321	249	321	405	413	302	23	-13	26	92	128	83
Tax	62	-17	71	40	55	48	-28	-18	55	22	64	98	66	59	24	58	73	78	95	101	87	77	99	124	122	77	31	11	23	41	56	31
Net profit	237	315	327	216	123	190	-114	-72	229	57	305	296	335	167	75	134	226	239	232	290	234	171	222	281	291	225	-8	-24	2	52	72	52
EPS ₹	1.69	1.92	2.00	1.32	0.75	1.16	-0.69	-0.44	1.40	0.35	1.86	1.81	2.04	1.02	0.46	0.82	1.38	1.46	1.41	1.77	1.43	1.05	1.36	1.71	1.78	1.38	-0.05	-0.15	0.02	0.32	0.44	0.31
Revenue YoY	—	—	—	—	35.9%	31.1%	4.9%	51.8%	—	36.2%	79.9%	18.9%	0.8%	-6.6%	-18.8%	-10.4%	-1.5%	15.1%	24.2%	7.2%	-6.9%	-25.5%	-5.5%	-3.7%	14.9%	1.0%	-43.5%	-42.8%	-37.9%	-13.6%	15.1%	24.2%
Profit YoY	—	—	—	—	-48.2%	-41.9%	-152.6%	-158.3%	—	-70.1%	—	—	46.0%	193.8%	-75.3%	-54.7%	-32.6%	42.7%	207.9%	115.8%	3.8%	-28.1%	-4.2%	-3.1%	24.4%	31.2%	-103.7%	-108.7%	-99.2%	-77.1%	—	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 28 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	1.9%	5.9%	6.0%	6.3%	8.4%	9.4%	9.2%	9.2%	6.8%	5.5%	5.4%	5.3%	6.7%	9.9%	6.5%	8.0%	8.3%	8.3%	9.4%	7.0%	6.8%	7.1%	7.9%	6.9%	7.8%	7.3%	6.4%	6.3%
ROCE	7.5%	9.8%	9.8%	10.1%	9.9%	10.7%	10.6%	10.3%	9.7%	8.7%	8.7%	9.1%	10.2%	11.4%	6.3%	7.4%	8.3%	8.1%	8.6%	7.5%	7.3%	5.8%	7.2%	6.6%	7.2%	7.3%	7.2%	7.0%
Net margin	2.3%	7.6%	7.7%	8.4%	11.8%	13.3%	13.9%	14.3%	11.2%	11.5%	11.4%	11.0%	13.3%	21.2%	11.8%	14.3%	14.4%	15.0%	17.1%	17.1%	16.7%	16.6%	15.5%	12.7%	12.9%	11.8%	10.4%	11.5%
EBITDA margin	31.1%	31.2%	31.4%	33.3%	34.0%	35.7%	37.7%	38.5%	39.9%	42.0%	41.8%	41.0%	41.9%	43.6%	34.0%	40.3%	43.5%	46.9%	48.8%	47.1%	45.8%	44.4%	47.1%	49.6%	51.3%	53.2%	53.5%	53.4%
Debt / equity	0.97	0.78	0.78	0.78	0.78	0.71	0.71	0.71	0.71	0.58	0.58	0.58	0.58	0.51	1.33	1.39	1.39	1.50	1.50	1.09	1.09	1.81	1.81	2.34	2.34	2.47	2.47	2.21
Interest coverage	1.33	1.73	1.80	1.91	1.93	2.03	2.06	2.14	2.18	2.21	2.10	2.24	2.49	3.87	2.41	2.44	2.24	2.05	2.16	2.12	2.02	1.97	1.82	1.62	1.44	1.34	1.27	1.33
Asset turnover	0.34	0.35	0.35	0.34	0.32	0.33	0.31	0.30	0.28	0.26	0.26	0.26	0.28	0.26	0.21	0.21	0.21	0.20	0.20	0.18	0.17	0.13	0.16	0.14	0.15	0.15	0.15	0.15

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 18 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	1,640	1,640	1,627	1,628	1,640	1,641	1,642	1,642	1,640	1,640	1,641	1,641	1,641	1,745	1,745	1,746	1,756	1,833
Other equity / reserves	4,931	5,878	8,077	8,741	9,470	10,181	10,004	12,865	15,775	15,953	16,988	18,236	19,191	26,226	25,616	27,377	28,995	34,877
Total equity	6,571	7,518	9,704	10,368	11,110	11,822	11,646	14,507	17,415	17,593	18,629	19,877	20,832	27,971	27,361	29,124	30,752	36,710
Borrowings	9,140	8,211	13,537	13,135	10,829	9,240	8,281	8,343	8,893	11,201	24,817	27,551	31,327	30,594	49,621	68,141	75,846	81,274
Current liabilities	—	—	6,410	4,463	4,259	4,362	4,375	3,569	5,093	5,930	8,938	8,468	7,269	6,009	11,715	17,891	20,230	22,144
Non-current liabilities	—	—	12,423	13,755	11,356	9,754	9,115	8,369	8,423	10,178	21,002	24,593	29,985	30,640	49,138	64,194	70,374	75,154
Total assets	19,244	19,420	28,539	28,589	26,721	25,926	25,112	26,436	30,932	33,776	48,742	53,107	58,269	64,932	89,939	1,13,687	1,24,182	1,37,093
Property, plant & equipment	13,352	12,948	18,653	17,876	17,297	16,290	15,217	14,166	13,423	14,037	23,065	25,572	26,088	28,765	45,713	59,598	61,806	71,107
Capital work-in-progress	615	454	321	527	294	400	391	473	2,091	2,677	4,780	7,341	10,282	10,410	10,277	11,562	17,409	15,283
Investments	888	1,619	75	219	—	—	—	—	—	6,658	6,033	6,701	7,035	10,101	9,755	10,464	11,379	9,473
Inventories	416	548	636	597	536	455	640	395	901	821	987	638	831	715	905	978	961	722
Receivables	1,198	1,172	2,906	2,183	1,151	1,428	1,565	970	770	1,770	2,407	2,295	1,880	2,576	2,904	3,518	3,240	4,628
Cash & equivalents	567	351	239	591	224	132	152	367	585	1,089	3,422	2,090	3,092	1,937	3,234	3,678	4,142	4,021

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 10 periods

	FY14‡	FY15‡	FY18‡	FY19‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	2,269	3,393	3,934	2,464	3,700	2,952	2,084	6,234	3,838	9,898
Cash from investing	-363	-421	-215	-54	-1,033	-1,392	-7,009	-8,318	-23,613	-20,271
Cash from financing	-1,859	-2,327	-3,968	-2,495	-2,515	-781	7,560	1,798	20,223	10,617
Capex	494	677	121	233	435	2,294	4,236	8,033	6,709	10,310
Free cash flow	1,775	2,716	3,813	2,231	3,264	658	-2,152	-1,799	-2,870	-412
Dividends paid	—	—	119	4	164	329	329	347	364	364

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹71,107 cr52%

CWIP

₹15,283 cr11%

Investments

₹9,473 cr7%

Inventories

₹722 cr1%

Receivables

₹4,628 cr3%

Cash & equivalents

₹4,021 cr3%

Other assets

₹31,859 cr23%

Peer comparison

largest in Power · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Power Ltd.	3,93,967	204.29	21.6	5.13	23.7%
NTPC Ltd.	3,13,639	323.45	10.6	1.47	13.9%
Power Grid Corporation of India Ltd.	2,41,723	259.90	14.9	2.26	15.2%
Adani Green Energy Ltd.	2,34,549	1,424.10	125.2	10.86	8.7%
Adani Energy Solutions Ltd.	1,78,233	1,457.40	48.1	5.69	11.8%
Tata Power Co. Ltd.	1,12,645	352.50	29.2	2.85	9.8%
JSW Energy Ltd.	96,224	524.95	41.5	2.62	6.3%
NHPC Ltd.	82,450	82.08	19.1	1.88	9.9%
NTPC Green Energy Ltd.	69,627	82.63	106.0	3.59	3.4%
Torrent Power Ltd.	64,051	1,271.10	26.5	3.05	11.5%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+8.1%

6 months-8.8%

1 year-1.8%

3Y CAGR+10.8%

5Y CAGR+10.6%

10Y CAGR+23.7%

50-day avg₹503.07

200-day avg₹523.07

RSI (14)66

Long-term financials (FY15–FY16)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY16	₹9,969 Cr	—	₹1,396 Cr
FY15	₹9,380 Cr	—	₹1,350 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare JSW Energy Ltd. with

Tata Power Co. vs JSW Energy JSW Energy vs NHPC JSW Energy vs NTPC Green Energy JSW Energy vs Torrent Power

FAQs

What is the share price of JSW Energy Ltd.?

JSW Energy Ltd. (JSWENERGY) closed at ₹524.95 on NSE on 06 Nov 2026.

What is the market cap of JSW Energy Ltd.?

₹96,224 crore at the latest close.

What is the P/E ratio of JSW Energy Ltd.?

41.5, on trailing-twelve-month earnings from its filings.

How fast is JSW Energy Ltd. growing?

JSW Energy Ltd.: revenue has compounded at 22.3% a year over three years; net profit at 14.9% a year. Latest-quarter revenue is up 23.0% year on year, profit up 49.9%.

How profitable is JSW Energy Ltd.?

On a trailing-twelve-month basis return on equity is 6.3%, return on capital employed 7.0%, operating margin 53.4%, net margin 11.5%.

How much debt does JSW Energy Ltd. have?

JSW Energy Ltd. is highly geared: debt to equity is 2.21 with borrowings of ₹81,274 cr against cash of ₹4,021 cr (balance sheet of 2026-09-30). Operating profit covers interest 1.3 times.

Financials parsed from JSW Energy Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.