JSW Energy Limited (IN:JSWENERGY)
:JSWENERGY
Top Page
JSW Energy Limited
(JSWENERGY)
Select Model
Select Model
Rating:64Neutral
Price Target:
₹529.00
▲(3.60% Upside)
Action:UpgradedDate:01/28/26
The score is supported primarily by solid financial performance (strong growth and margins), but is held back by weak technicals (downtrend and negative momentum) and a relatively high P/E with a low dividend yield. Cash flow volatility and negative free cash flow after capex also temper the otherwise strong fundamentals.
Positive Factors
Strong revenue growth
JSW Energy's very high reported revenue growth (55.5%) and the firm statement of strong revenue and profit growth indicate expanding commercial traction and greater offtake. Over the next 2–6 months, elevated top-line momentum supports capacity utilization, contract wins and reinvestment ability, underpinning durable earnings potential rather than a transient spike.
Negative Factors
Volatile / negative free cash flow
Substantial and ongoing capital expenditures are driving volatile and negative free cash flow despite solid operating cash generation. Over months, persistent negative FCF can strain liquidity, necessitate external funding, constrain dividend or buyback capacity, and increase execution risk on new projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
JSW Energy's very high reported revenue growth (55.5%) and the firm statement of strong revenue and profit growth indicate expanding commercial traction and greater offtake. Over the next 2–6 months, elevated top-line momentum supports capacity utilization, contract wins and reinvestment ability, underpinning durable earnings potential rather than a transient spike.
Read all positive factors
JSW Energy Limited (JSWENERGY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹868.01B
Dividend Yield0.41%
Average Volume (3M)120.49K
Price to Earnings (P/E)50.0
Beta (1Y)0.87
Revenue Growth39.71%
EPS Growth1.33%
CountryIN
Employees2,500
SectorEnergy
Sector Strength52
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)2.41
Shares Outstanding1,757,292,200
10 Day Avg. Volume138,587
30 Day Avg. Volume120,491
Financial Highlights & Ratios
PEG Ratio7.11
Price to Book (P/B)3.33
Price to Sales (P/S)7.76
P/FCF Ratio-30.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹599.33Price Target Upside17.38% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)12.17
Revenue Forecast (FY)₹207.02B
JSW Energy Limited Business Overview & Revenue Model
Company Description
JSW Energy Limited generates and sells power in India. The company has a power generation capacity of 4,559 MW, which includes 3,158 MW of thermal, 1,391 MW of hydro, and 10 MW of solar. It has operations in the States of Karnataka, Maharashtra, R...
How the Company Makes Money
JSW Energy primarily makes money by selling electricity generated from its power plants. A major revenue stream comes from long-term power purchase agreements (PPAs) where electricity is supplied to state distribution companies (DISCOMs) or other ...
JSW Energy Limited Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
75
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 159.49B | 117.45B | 114.86B | 103.32B | 81.67B | 69.22B |
| Gross Profit | 90.37B | 66.49B | 64.16B | 41.99B | 44.22B | 35.04B |
| EBITDA | 77.03B | 52.19B | 53.42B | 32.90B | 36.34B | 29.10B |
| Net Income | 20.24B | 19.51B | 17.23B | 14.78B | 17.29B | 7.95B |
Balance Sheet | ||||||
| Total Assets | 1.14T | 899.39B | 582.69B | 487.42B | 309.32B | 264.36B |
| Cash, Cash Equivalents and Short-Term Investments | 71.91B | 56.51B | 46.92B | 46.64B | 20.77B | 11.46B |
| Total Debt | 691.04B | 501.85B | 315.73B | 250.51B | 89.43B | 83.72B |
| Total Liabilities | 820.85B | 608.54B | 372.55B | 300.08B | 135.16B | 119.38B |
| Stockholders Equity | 291.24B | 273.61B | 208.32B | 186.29B | 174.15B | 145.07B |
Cash Flow | ||||||
| Free Cash Flow | -3.95B | -30.09B | -17.99B | -21.52B | 6.58B | 32.64B |
| Operating Cash Flow | 53.38B | 38.38B | 62.34B | 20.84B | 29.52B | 37.00B |
| Investing Cash Flow | -128.99B | -236.13B | -83.18B | -70.09B | -13.92B | -10.33B |
| Financing Cash Flow | 65.21B | 202.23B | 16.75B | 73.27B | -7.81B | -25.15B |
JSW Energy Limited Technical Analysis
Positive
510.60
Price Trends
484.19
Positive
489.39
Positive
507.14
Negative
Market Momentum
3.22
Positive
50.89
Neutral
13.85
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JSWENERGY, the sentiment is Positive. The current price of 510.6 is above the 20-day moving average (MA) of 493.57, above the 50-day MA of 484.19, and above the 200-day MA of 507.14, indicating a neutral trend. The MACD of 3.22 indicates Positive momentum. The RSI at 50.89 is Neutral, neither overbought nor oversold. The STOCH value of 13.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:JSWENERGY.
JSW Energy Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹1.14T | 78.05 | ― | 0.03% | 16.49% | 245.51% | |
67 Neutral | ₹2.96T | 27.80 | ― | ― | -0.70% | -5.41% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | ₹1.19T | 55.86 | ― | ― | 22.98% | 328.13% | |
64 Neutral | ₹868.01B | 50.05 | ― | 0.41% | 39.71% | 1.33% | |
60 Neutral | ₹580.13B | 40.55 | ― | ― | 74.67% | 229.31% | |
59 Neutral | ₹1.41T | -1,019.54 | ― | ― | 14.16% | 75.34% |
* Energy Sector Average
IN:JSWENERGY
JSW Energy Limited
493.95
-52.84
-9.66%
IN:ADANIENSOL
Adani Energy Solutions Ltd
988.30
114.45
13.10%
IN:ADANIGREEN
Adani Green Energy Limited
853.80
-105.80
-11.03%
IN:ADANIPOWER
Adani Power Limited
153.65
49.72
47.84%
IN:POWERINDIA
Hitachi Energy India Limited
25,665.25
12,736.90
98.52%
IN:SUZLON
Suzlon Energy Ltd
42.30
-14.73
-25.83%
JSW Energy Limited Corporate Events
Ind-Ra Affirms IND AA/Stable Rating for JSW Energy’s Jaigad PowerTransco
Mar 9, 2026
India Ratings and Research has affirmed an “IND AA/Stable” credit rating for the bank loan facilities of Jaigad PowerTransco Limited, a subsidiary of JSW Energy Limited, as of March 9, 2026. The reaffirmed high-grade rating underscores...
India Ratings Affirms High Credit Rating for JSW Hydro Energy
Feb 27, 2026
India Ratings and Research has affirmed an “IND AA/Stable/IND A1+” credit rating for the bank loan facilities of JSW Hydro Energy Limited, a step-down subsidiary of JSW Energy. The reaffirmation of this high-grade rating underscores th...
JSW Energy Publishes Postal Ballot Notice in Newspapers for Shareholder E-Voting
Feb 25, 2026
JSW Energy has informed stock exchanges that it has published newspaper advertisements announcing the dispatch of a Postal Ballot and e-voting notice to shareholders, in line with Indian listing regulations. The notice appeared in the Financial Ex...
India Ratings Assigns ‘IND A+/Positive’ to JSW Energy Kutehr Loans
Feb 24, 2026
India Ratings and Research has assigned an ‘IND A+/Positive’ credit rating to the bank loan facilities of JSW Energy (Kutehr) Limited, a step-down subsidiary of JSW Energy Limited. The rating underscores the subsidiary’s creditwo...
JSW Energy Seeks Shareholder Nod to Re-Appoint Independent Director via E-Vote
Feb 23, 2026
JSW Energy Limited has initiated a postal ballot process to seek shareholder approval via special resolution for the re-appointment of Mr. Munesh Khanna as an Independent Director of the company. The notice has been circulated exclusively through ...
JSW Energy Completes ₹1,728 Crore Acquisition of Tidong Hydro Project
Jan 29, 2026
JSW Neo Energy Limited, the wholly owned subsidiary of JSW Energy, has completed the acquisition of Tidong Power Generation Private Limited from Statkraft IH Holding AS at an enterprise valuation of about ₹1,728 crore, making Tidong Power a ...
JSW Energy Secures Turbine Supply for 1,600 MW Salboni Thermal Project
Jan 15, 2026
JSW Energy’s wholly owned subsidiary JSW Thermal Energy has signed a supply contract with associate firm Toshiba JSW Power Systems for two 800 MW steam turbine generators for its 1,600 MW Salboni thermal power project in West Bengal. The dea...
JSW Energy Faces Appeal in Ongoing Billing Dispute With Maharashtra Discom
Jan 10, 2026
JSW Energy has disclosed that the Maharashtra State Electricity Distribution Company Limited (MSEDCL) has filed an appeal before the Appellate Tribunal for Electricity against a December 2025 order of the Maharashtra Electricity Regulatory Commiss...
India Ratings Assigns ‘IND A/Stable/IND A1’ to JSW Energy’s Renewable Subsidiary
Dec 31, 2025
India Ratings and Research has assigned credit ratings of ‘IND A/Stable/IND A1’ to the long-term bank facilities of JSW Renew Energy Seventeen Limited, a step-down subsidiary of JSW Energy Limited. The rating assignment underscores the...
JSW Energy Schedules Analyst Meet in Vijayanagar for January 2026
Dec 29, 2025
JSW Energy has scheduled an in-person group meeting with sell-side analysts to be held in Vijayanagar, Karnataka, on 7–8 January 2026, as part of its ongoing engagement with institutional investors and market participants. The planned intera...
JSW Energy Issues Corrigendum to EGM Notice on Preferential Share and Warrant Issue
Dec 26, 2025
JSW Energy Limited has issued a corrigendum to its earlier Extraordinary General Meeting notice for the meeting scheduled on 3 January 2026, which will be conducted via video conferencing. The clarification was requested by BSE and NSE in relation...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.