JSW Energy Limited (JSWENERGY) AI Stock Analysis

JSW Energy Limited

(NSE:JSWENERGY)

Select Model

Rating:53Neutral

Price Target:INR 490.00▼(-2.00% Downside)

Action:reiterated

Date:08/17/26

The score is primarily held back by financial quality risks—especially consistently negative free cash flow in FY2023–FY2026 and elevated leverage after a sharp rise through FY2025—despite strong FY2026 revenue momentum and solid operating profitability. Technical signals are broadly neutral with some longer-term trend support, while valuation is a key headwind due to a high P/E (50) and low dividend yield (~0.36%).

Positive Factors

Revenue and Operating ProfitabilityAccelerating revenue and solid operating profitability indicate improving business momentum across the power portfolio. If sustained, stronger top-line growth can support operating cash generation, reinforce scale advantages, and provide a durable base for funding future capacity expansion.

Negative Factors

Sustained Negative Free Cash FlowSustained negative free cash flow means operating cash has not covered investment requirements in recent years. Continued capital intensity can increase dependence on external funding, limit financial flexibility, and reduce the cash available for debt reduction or shareholder returns.

JSW Energy Limited (JSWENERGY) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 929.15B
Dividend Yield: 0.40%
Average Volume (3M): 555.78K
Price to Earnings (P/E): 38.7
Beta (1Y): 0.83
Revenue Growth: 26.38%
EPS Growth: 11.53%
Country: India
Employees: 2,500
Sector: General
Sector Strength: 55
Industry: Independent Power Producers

JSW Energy Limited Business Overview & Revenue Model

Company Description

JSW Energy Limited is an Indian company principally engaged in the production and sale of electricity. The firm boasts an aggregate power generation capacity of 4,559 megawatts (MW), which includes 3,158 MW from thermal plants, 1,391 MW from hydroele...

How the Company Makes Money

JSW Energy primarily makes money by selling electricity generated from its power plants. Its revenue model typically combines (a) contracted sales under long-term power purchase agreements (PPAs) and other bilateral arrangements—where the company is...

JSW Energy Limited Financial Statement Overview

Summary

Income statement strength (re-accelerating revenue growth to ~18.5% in FY2026 and solid operating profitability) is outweighed by weak cash generation and balance-sheet risk. Free cash flow is negative in FY2023–FY2026, and leverage rose sharply through FY2025 (debt-to-equity up to ~1.83), with only a reported FY2026 improvement.

Income Statement

74Positive

Balance Sheet

54Neutral

Cash Flow

41Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	189.65B	189.01B	117.45B	114.86B	103.32B	81.67B
Gross Profit	92.59B	93.21B	66.49B	64.16B	41.99B	44.22B
EBITDA	107.99B	109.88B	52.60B	53.88B	33.05B	36.80B
Net Income	19.67B	22.39B	19.51B	17.23B	14.78B	17.29B
Balance Sheet
Total Assets	0	1.24T	899.39B	582.69B	487.42B	309.32B
Cash, Cash Equivalents and Short-Term Investments	79.78B	90.30B	56.51B	46.92B	46.64B	20.77B
Total Debt	0	769.46B	501.85B	315.73B	250.51B	89.43B
Total Liabilities	-335.77B	906.04B	608.54B	372.55B	300.08B	135.16B
Stockholders Equity	335.77B	307.52B	273.61B	208.32B	186.29B	174.15B
Cash Flow
Free Cash Flow	-3.95B	-59.75B	-30.09B	-17.99B	-21.52B	6.58B
Operating Cash Flow	53.38B	43.35B	38.38B	62.34B	20.84B	29.52B
Investing Cash Flow	-128.99B	-206.64B	-236.13B	-83.18B	-70.09B	-13.92B
Financing Cash Flow	65.21B	165.73B	202.23B	16.75B	73.27B	-7.81B

JSW Energy Limited Technical Analysis

Technical Analysis SentimentNeutral

Last Price500.00

Price Trends

50DMA505.58Negative

100DMA532.60Negative

200DMA521.58Negative

Market Momentum

MACD-5.68Negative

RSI54.71Neutral

STOCH85.10Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JSWENERGY, the sentiment is Neutral. The current price of 500.00 is above the 20-day moving average (MA) of 476.78, below the 50-day MA of 505.58, and below the 200-day MA of 521.58, indicating a neutral trend. The MACD of -5.68 indicates Negative momentum. The RSI at 54.71 is Neutral, neither overbought nor oversold. The STOCH value of 85.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:JSWENERGY.

JSW Energy Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:JSWENERGY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:NTPC	68Neutral	INR 3.06T	11.05	―	2.85%	2.36%	15.88%
IN:CESC	65Neutral	INR 165.17B	10.65	―	9.64%	8.73%	12.55%
IN:TORNTPOWER	57Neutral	INR 591.00B	25.44	―	1.70%	4.09%	-16.62%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:JSWENERGY	53Neutral	INR 916.74B	38.67	―	0.40%	26.38%	11.53%
IN:ADANIPOWER	52Neutral	INR 3.65T	20.00	―	―	8.20%	51.44%
IN:TATAPOWER	46Neutral	INR 1.10T	28.52	―	0.72%	-4.19%	-4.84%

* General Sector Average

Performance Comparison

IN:JSWENERGY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:JSWENERGY	JSW Energy Limited	500.00	-31.74	-5.97%
IN:ADANIPOWER	Adani Power Limited	189.40	32.70	20.87%
IN:CESC	CESC Ltd	124.60	-48.73	-28.11%
IN:NTPC	NTPC Limited	316.00	-10.36	-3.17%
IN:TATAPOWER	Tata Power Company Limited	345.10	-60.78	-14.98%
IN:TORNTPOWER	Torrent Power Limited	1172.85	-152.43	-11.50%

JSW Energy Limited Corporate Events

JSW Energy Subsidiaries Secure ICRA Credit Ratings for Renewable Projects

Oct 24, 2026

JSW Energy Limited announced that ICRA Limited has assigned credit ratings to the long-term bank facilities of three step-down, wholly owned subsidiaries engaged in renewable and green energy projects. JSW Renew Energy Thirty Seven Limited, JSW Renew...

Ind-Ra assigns IND A/Stable rating to JSW Energy’s Dolvi renewable unit

Oct 8, 2026

India Ratings and Research has assigned an “IND A/Stable” rating to the bank loan facilities of JSW Renewable Energy Dolvi Three Limited, a step-down wholly owned subsidiary of JSW Energy. The rating underscores a solid credit profile for...

JSW Energy Subsidiary Secures IND A/Stable Rating from India Ratings

Oct 8, 2026

JSW Energy said India Ratings and Research has assigned an “IND A/Stable” rating to the bank loan facilities of its step-down subsidiary, JSW Renew Energy Thirty Two Limited. The rating underscores a stable credit profile for the renewabl...

JSW Energy Wins NCLT Nod for Scheme of Arrangement with GE Power India

Oct 1, 2026

JSW Energy has received an order from the National Company Law Tribunal, Mumbai Bench, sanctioning its Scheme of Arrangement with GE Power India Limited and their respective shareholders under the Indian Companies Act. The tribunal’s approval m...

JSW Energy Closes Trading Window Ahead of Unaudited Half-Year Results

Sep 30, 2026

JSW Energy Limited has announced the closure of its trading window for dealings in the company’s securities from 1 October 2026 until 48 hours after the announcement of its unaudited financial results for the quarter and half year ending 30 Sep...

ICRA Affirms Strong Credit Ratings for JSW Neo Energy

Sep 12, 2026

ICRA has affirmed and assigned high-grade credit ratings to JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, covering its long-term bank loans, unsupported long-term facilities, and proposed commercial paper and short-term wor...

ICRA Affirms Top-Tier Credit Ratings on JSW Energy’s Expanded Debt Facilities

Sep 11, 2026

JSW Energy Limited has announced that rating agency ICRA has affirmed and assigned top-tier ratings across its debt profile, including an ‘ICRA A1+’ rating for existing and expanded short-term bank loan facilities and commercial paper, an...

JSW Energy Brings Back Veteran Executive Sanjay Sagar to Its Board

Aug 8, 2026

JSW Energy Limited has announced a board-level change, appointing veteran industry executive Sanjay Sagar as an Additional Director in a non-executive, non-independent capacity, effective 8 August 2026, subject to shareholder approval. The decision f...

JSW Energy Boosts Capacity With Acquisition of 300 MW Maruti Clean Coal Plant

Aug 7, 2026

JSW Energy has completed the acquisition of Maruti Clean Coal & Power Limited, which owns a 300 MW thermal plant in Korba, Chhattisgarh, making MCCPL a wholly owned subsidiary. The plant operates under a long-term power purchase agreement with Ra...

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.

Date of analysis: Aug 17, 2026

JSW Energy Limited AI Stock Analysis