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JSWENERGY · NSE · Power Generation

JSW Energy Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Mid Cap · AMFI list Jan-Jun 2026 · Vendor sector: Utilities
dear low confidence No valuation within 120 days; P/E 41.2 vs peers 28.9 (8th of 13); P/B 3.5 vs peers 2.1 (8th of 12).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is JSW Energy's share price today?

JSW Energy last traded at ₹467.35 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 1.1% on the day, down 15.1% over a year. Its 52-week range is ₹428 to ₹617. The live price is in the app.

₹467.35 +1.1% today
−15.1% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Jan 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range21% of the way up
Low ₹428High ₹617

What is JSW Energy's market cap?

JSW Energy's market capitalisation is about ₹84,762 crore: what it would cost to buy every share at today's price. That makes it the 31st largest mid cap company we cover.

₹84,762 Cr Mid Cap31st largest mid cap company
Mid Cap means the companies ranked 101 to 250 by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: JSWENERGY
ISIN
INE121E01018
Cap bucket
Mid Cap, 31st largest by market cap
Industry (NSE)
Utilities › Power › Power Generation
Listed since
2010
Futures and options
Traded

Is JSW Energy overvalued?

Dear, with low confidence: no valuation within 120 days; P/E 41.2 vs peers 28.9 (8th of 13); P/B 3.5 vs peers 2.1 (8th of 12).

Valuation

Latest price and trailing 12 months
P/E 41.24
vs peers 28.9 · 8th of 13
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 3.51
vs peers 2.1 · 8th of 12
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹84,762 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 0.4%
vs peers 2.2% · 6th of 6
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) Not available
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 3.33
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is JSW Energy a quality business?

Quality score 36.9, 10th of 14 in its peer set; CAUTION on 28 of 30 flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 36.9
vs peers 53.5 · 10th of 14
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level CAUTION
28 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 3.7%
vs peers 7.1% · 9th of 13
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 4.8%
vs peers 8.0% · 11th of 13
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 9.9%
vs peers 14.9% · 12th of 13
Profit after everything, as a share of revenue. Learn more →
EPS ₹15.73
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
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Has JSW Energy made money for shareholders?

Not over these periods: −15.1% over one year.

Shareholder returns

1-year return −15.1%
Price only
What the share price did over the last 12 months. Learn more →
5-year return Not available
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer Not available
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
−6.0%
1M
−8.5%
3M
−16.5%
6M
−9.3%
1Y
−15.1%
3Y
+8.6%
5Y
—
— not available

Does JSW Energy pay a dividend?

Yes. JSW Energy's dividend yield is 0.42% at the latest price; the last payout was ₹2.00 a share, ex-dividend 5 Jun 2026.

Dividends

Per share, by ex-dividend date
Dividend yield0.42%
The past 12 months' dividends as a share of today's price.
5 Jun 2026 · Final₹2.00
6 Jun 2025 · Final₹2.00
31 May 2024 · Final₹2.00
2 Jun 2023 · Final₹2.00
30 May 2022 · Final₹2.00
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is JSW Energy growing?

Revenue 3 years 21.8% a year; profit 3 years 14.9% a year; revenue 5 years 17.9% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 21.8% a year
vs peers 10.4% · 4th of 14
Compound annual growth of revenue over three years. Learn more →
Profit 3 years 14.9% a year
vs peers 16.9% · 6th of 10
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 17.9% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years 2.6% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years 12.4% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years 21.4% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history -13.7%
vs peers -4.9% · 4th of 9
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did JSW Energy do last quarter?

JSW Energy reported revenue of ₹5,207 Cr, up 60.9% on a year earlier and a net profit of ₹533 Cr, up 39.3% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹5,207 Cr
+60.9% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹533 Cr
+39.3% on a year earlier
What was left for shareholders after every cost and tax.

How does JSW Energy compare with its peers?

Compared with 13 Power Generation; 8th of 13 on P/E; 10th of 14 on quality score.

Compared with 13 Power Generation

13 companies

JSW Energy against its peers

Largest 10 of 13 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
JSW Energy Ltd₹84,762 Cr41.23.53.7%4.8%−15.1%
Adani Power Ltd₹3.6 L Cr25.65.722.1%18.0%+22.4%
NTPC Ltd₹3.0 L Cr10.92.113.8%8.3%−8.7%
Adani Green Energy Ltd₹2.1 L Cr120.38.97.0%5.5%+19.4%
NTPC Green Energy Ltd₹78,028 Cr130.44.12.2%4.1%−6.2%
NHPC Ltd₹73,319 Cr20.71.912.8%7.6%−15.6%
NLC India Ltd₹33,772 Cr12.11.97.2%8.8%−9.8%
ACME Solar Holdings Ltd₹29,554 Cr42.73.23.6%7.8%+47.4%
SJVN Ltd₹21,720 Cr32.31.77.0%9.8%−38.6%
Juniper Green Energy Ltd₹15,662 Cr128.0—-0.6%3.2%+6.0%
Nava Ltd₹15,557 Cr20.63.510.9%16.5%−11.8%
Peer median—28.92.17.1%8.0%−8.7%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns JSW Energy?

JSW Energy is held by promoters 66.5%, foreign institutions 11.4%, domestic institutions 16.2%.

Shareholding pattern

Latest filing, percent of shares
Promoters66.5%
The founders and controlling group.
Foreign institutions11.4%
Overseas funds investing through the FPI route.
Domestic institutions16.2%
Indian insurers, banks, pension and mutual funds together.
Mutual funds7.4%
Indian mutual fund schemes; part of domestic institutions.
Retail and others3.0%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about JSW Energy?

20 analysts cover JSW Energy, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

20 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does JSW Energy do and what is it sensitive to?

JSW Energy's filing describes its business as "Generation, Transmission and Trading of Renewable and Thermal Power", with a primary focus on state electricity distribution companies and B2B customers including C&I enterprises. Sensitive to: currency (USD/INR).

Business-model card

FY2026 · 46 verified
3Revenue
5Channels
2Regulators
7Reg. dependencies
6Sensitivities
5Costs
3Geographies

JSW Energy's filing describes its business as "Generation, Transmission and Trading of Renewable and Thermal Power", with a primary focus on state electricity distribution companies and B2B customers including C&I enterprises. It earns mainly from power supplied under long and medium term power purchase agreements, plus merchant power and O&M services for third-party plants.

Revenue by segment

Year ended 31st March, 2026 (consolidated segment note)
Thermal70.1%
Renewables29.9%

Revenue engine

3 verified
Electricity / Power (NIC 351), stated as 100% of turnover (100.0%)
Filing reports one product line, electricity, with the main activity being production of power and electricity.
Power generation job work (services)
Power Generation (Job work) FY2026 1,214.86 vs FY2025 885.06 (Rs crore), reported as a sale of services line within revenue from contracts with customers.
Operator fees for operations and maintenance of third-party plants
Operator fees FY2026 267.64 vs FY2025 256.60 (Rs crore). Filing says the company provides operations and maintenance services of third party power plants.

Customers & channels

5 verified
State electricity distribution utilities as primary customers
Filing names state distribution utilities as the primary focus, so tariff and payment terms with these buyers drive revenue.
Distribution utilities, designated nodal agencies and C&I enterprises
B2B customer set named in the filing; the company tailors energy services to each group.
Three major customers above 10% of revenue
Revenue from three customers each above 10% of operating revenue is concentration exposure; the excerpt does not give their names.
2 more statements
Government-owned distribution companies and related parties as major customers
Interpretation: receivables from government-owned utilities are treated as low credit risk in the filing, which ties collections to their payment behaviour.
Diversified off-takers
Company states that a diversified set of off-takers reduces receivable risk.

Regulators

2 verified
Electricity regulator (tariff orders, tariff regulations; not named in excerpts)
Sets tariff regulations and tariff orders that govern revenue recognition under the company's PPAs.
Electricity Act, 2003 (industry law identified by management)
Industry-specific law identified in the filing as applicable to the company's business of generating power.

Regulatory dependencies

7 verified
Tariff regulations and tariff orders
Revenue is recognised at a transaction price that reflects tariff regulations and tariff orders; a change in tariff rules moves recognised revenue.
Tariff regulation change risk
Filing lists changes in tariff regulations and renewable policies as a risk to project viability and returns; this moves revenue and returns on projects.
Tariff disputes with customers
Revenue from disputed tariffs depends on legal advice and interpretation of PPAs and regulations; the final outcome may change recognised revenue.
4 more statements
Tariff true-ups
Tariff true-ups partly offset hydrology risk, so the regulatory true-up mechanism affects hydro revenue.
Two-part tariff in long-term PPAs
Company states a two-part tariff structure in long-term PPAs insulates it from fuel price volatility, so fuel cost changes pass through less to earnings.
Merit order despatch
Company states favourable placement in Merit Order Despatch ensures higher offtake; a change in despatch order changes volume sold.
Shortfall-in-offtake compensation
Revenue from compensation for shortfall in offtake is recognised on collection or when collection is reasonably certain, so payment timing affects revenue recognition.

Sensitivities

6 verified
Currency (USD/INR)
Currency fluctuations affect import costs and foreign-currency debt servicing; a weaker rupee raises both costs and debt service.
Interest rates
Rising interest rates raise borrowing costs and reduce project IRRs.
Rainfall and hydrology
Lower rainfall and water inflows reduce hydro generation; filing notes poor monsoon with very low Karnataka reservoir levels.
3 more statements
Fuel supply and renewable generation variability
Variability in fuel supply and renewable generation affects PLF and revenues; lower plant load factor reduces power sold.
Extreme weather and heatwaves on demand
Filing says extreme weather such as prolonged heatwaves supports power demand; a cooler year reduces that uplift.
Equipment prices
Volatility in equipment prices changes project capex; the filing notes softening RE equipment prices.

Cost inputs

5 verified
Fuel stock (raw materials)
Fuel is the largest stated input line; the filing reports fuel cost recognised as an expense of 4,456.03 (FY2025) and 4,581.60 (FY2024) Rs crore. Fuel is covered by long-term fuel linkages per the risk section.
Long-term fuel linkages and diversified sourcing
Company states it manages fuel supply risk through long-term linkages and diversified sourcing.
Stores and spares
Stores and spares recognised as expense were 105.08 (FY2025) vs 71.53 (FY2024) Rs crore, reported within other expense.
2 more statements
Mining expenses
Mining expenses recorded in other expenses at 100.23 (FY2026) vs 101.99 (FY2025) Rs crore, tied to the mining income line.
Open access and reactive energy charges
Open access and reactive energy charges appear as a separate expense line of 14.27 (FY2026) vs 1.58 (FY2025) Rs crore.

Geographies

3 verified
National operations across 14 states
Plants and offices in 14 states, with 61 plants and 14 offices nationally.
One international location
Filing reports one international office and says exports are not applicable.
Non-current assets outside India
Non-current assets of Rs 91.93 crore at 31 March 2026 are located outside India, with the rest in India.
Each statement is checked word for word against the FY2026 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (22 Jul 2026).

Change log

8 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Corporate actionDividend - Rs 2 Per Share.
  3. Results filedQ4 FY2026 results filed.
  4. Results filedQ3 FY2026 results filed.
  5. Results filedQ2 FY2026 results filed.
  6. Results filedQ1 FY2026 results filed.
  7. Corporate actionDividend - Rs 2 Per Share.
  8. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsCAUTION on 28 of 30 flags judged; 4 red; 2 could not be judged.
  • Data gapsPEG (vendor), Business quality, 5-year return, Wealth destroyer: not available yet.
Not applicable to this company · 1
  • Altman ZAltman Z is a manufacturing model; a service business has no inventory or plant turnover for it to read.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓192 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2026 · 46 verified

Questions people ask

What is JSW Energy's share price today?

JSW Energy last traded at ₹467.35 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 1.1% on the day, down 15.1% over a year. Its 52-week range is ₹428 to ₹617. The live price is in the app.

What is JSW Energy's market cap?

JSW Energy's market capitalisation is about ₹84,762 crore: what it would cost to buy every share at today's price. That makes it the 31st largest mid cap company we cover.

Is JSW Energy Ltd a large cap, mid cap or small cap?

JSW Energy Ltd (JSWENERGY) is a mid cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is JSW Energy Ltd's P/E ratio?

41.24, vs peers 28.9 · 8th of 13. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is JSW Energy Ltd overvalued?

Dear, with low confidence: no valuation within 120 days; P/E 41.2 vs peers 28.9 (8th of 13); P/B 3.5 vs peers 2.1 (8th of 12).

How does JSW Energy Ltd make money?

JSW Energy's filing describes its business as "Generation, Transmission and Trading of Renewable and Thermal Power", with a primary focus on state electricity distribution companies and B2B customers including C&I enterprises. It earns mainly from power supplied under long and medium term power purchase agreements, plus merchant power and O&M services for third-party plants.

Who are JSW Energy Ltd's peers?

Compared with 13 Power Generation: Adani Power Ltd, NTPC Ltd, Adani Green Energy Ltd, NTPC Green Energy Ltd, NHPC Ltd and 8 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did JSW Energy do last quarter?

JSW Energy reported revenue of ₹5,207 Cr, up 60.9% on a year earlier and a net profit of ₹533 Cr, up 39.3% in the Jun 2026 quarter.

Who owns JSW Energy?

JSW Energy is held by promoters 66.5%, foreign institutions 11.4%, domestic institutions 16.2%.

Does JSW Energy pay a dividend?

Yes. JSW Energy's dividend yield is 0.42% at the latest price; the last payout was ₹2.00 a share, ex-dividend 5 Jun 2026.

What do analysts say about JSW Energy?

20 analysts cover JSW Energy, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

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