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JSW Energy Limited
(JSWENERGY)
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Rating:53Neutral
Price Target:
₹502.00
▼(-9.04% 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 Growth Momentum
The re-acceleration of revenue growth in FY2026 indicates improving demand, dispatch, pricing, or contribution from the company’s generation portfolio. Sustained top-line expansion can support operating scale, strengthen investment capacity, and improve the durability of earnings over the next several quarters.
Negative Factors
Sustained Negative Free Cash Flow
Several consecutive years of negative free cash flow indicate that heavy investment or capital intensity is exceeding internally generated cash. This can increase reliance on borrowing or other financing, reduce flexibility for new projects, and constrain the company’s ability to absorb operational or market setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Momentum
The re-acceleration of revenue growth in FY2026 indicates improving demand, dispatch, pricing, or contribution from the company’s generation portfolio. Sustained top-line expansion can support operating scale, strengthen investment capacity, and improve the durability of earnings over the next several quarters.
Read all positive factors
JSW Energy Limited (JSWENERGY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹898.41B
Dividend Yield0.4%
Average Volume (3M)539.01K
Price to Earnings (P/E)44.2
Beta (1Y)0.74
Revenue Growth35.37%
EPS Growth-10.03%
CountryIN
Employees2,500
SectorGeneral
Sector StrengthN/A
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)11.20
Shares Outstanding1,833,482,800
10 Day Avg. Volume294,503
30 Day Avg. Volume539,011
Financial Highlights & Ratios
PEG Ratio2.53
Price to Book (P/B)2.68
Price to Sales (P/S)4.36
P/FCF Ratio-13.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹615.00Price Target Upside11.43% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)13.48
Revenue Forecast (FY)₹226.24B
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 hydro...
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 ...
JSW Energy Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
54
Neutral
Cash Flow
41
Neutral
| 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 | 52.19B | 53.42B | 32.90B | 36.34B |
| Net Income | 19.67B | 22.39B | 19.51B | 17.23B | 14.78B | 17.29B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 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 | 0.00 | 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
Negative
551.90
Price Trends
533.80
Negative
547.17
Negative
522.45
Negative
Market Momentum
-12.37
Positive
36.32
Neutral
29.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JSWENERGY, the sentiment is Negative. The current price of 551.9 is above the 20-day moving average (MA) of 510.86, above the 50-day MA of 533.80, and above the 200-day MA of 522.45, indicating a bearish trend. The MACD of -12.37 indicates Positive momentum. The RSI at 36.32 is Neutral, neither overbought nor oversold. The STOCH value of 29.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JSWENERGY.
JSW Energy Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹622.22B | 26.72 | ― | 1.62% | 4.09% | -16.62% | |
62 Neutral | ₹3.12T | 11.23 | ― | 2.80% | 2.36% | 15.88% | |
56 Neutral | ₹3.87T | 27.39 | ― | ― | 1.22% | 14.86% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹898.41B | 44.19 | ― | 0.40% | 35.37% | -10.03% | |
53 Neutral | ₹177.30B | 11.49 | ― | 8.93% | 8.73% | 12.55% | |
52 Neutral | ₹1.12T | 29.06 | ― | 0.71% | -4.19% | -4.84% |
* General Sector Average
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JSW Energy Limited Corporate Events
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 approva...
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 ...
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 ...
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,...
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 decisio...
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 Raja...
JSW Energy Publishes Q1 FY27 Earnings Call Transcript and Audio
Jul 27, 2026
JSW Energy Limited has released the transcript of its Q1 FY27 earnings conference call, held on July 22, 2026, to discuss unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The leadership team, including t...
JSW Renewable Energy Vijayanagar Gets Credit Rating Upgrade from Ind-Ra
Jul 21, 2026
JSW Energy Limited announced that India Ratings and Research has upgraded the credit rating of its step-down subsidiary, JSW Renewable Energy (Vijayanagar) Limited, on the bank loan facilities from IND A+/Stable to IND AA-/Stable. The improved rat...
JSW Energy Earns Strong ESG Rating from SEBI-Registered Agency
Jul 21, 2026
JSW Energy Limited has disclosed that ESG Risk Assessments Insights Limited, a SEBI-registered Category I ESG rating provider, has assigned the company an Environmental, Social and Governance score of 67. This places JSW Energy in the “Stro...
JSW Energy Confirms SEBI Compliance on Share Dematerialisation for Q1 FY27
Jul 13, 2026
JSW Energy Limited has reported that its registrar and share transfer agent, KFin Technologies Limited, has certified compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 June 2026...
JSW Energy shareholders clear all resolutions at 32nd virtual AGM
Jul 9, 2026
JSW Energy Limited held its 32nd Annual General Meeting on 9 July 2026 via video conferencing and other audio-visual means, in line with Indian corporate and securities regulations. A total of 109 shareholders attended remotely, with the board, ke...
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.