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JSW Energy Limited
(JSWENERGY)
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Rating:53Neutral
Price Target:
₹490.00
▼(-11.22% 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 Profitability
Accelerating 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 Flow
Sustained 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Operating Profitability
Accelerating 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.
Read all positive factors
JSW Energy Limited (JSWENERGY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹916.74B
Dividend Yield0.4%
Average Volume (3M)307.27K
Price to Earnings (P/E)38.7
Beta (1Y)0.83
Revenue Growth26.38%
EPS Growth11.53%
CountryIN
Employees2,500
SectorGeneral
Sector StrengthN/A
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)11.20
Shares Outstanding1,833,482,800
10 Day Avg. Volume463,824
30 Day Avg. Volume307,274
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)13.3
Revenue Forecast (FY)₹227.87B
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 | 52.60B | 53.88B | 33.05B | 36.80B |
| Net Income | 19.67B | 22.39B | 19.51B | 17.23B | 14.78B | 17.29B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 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
Neutral
551.90
Price Trends
505.58
Negative
532.60
Negative
521.58
Negative
Market Momentum
-5.68
Negative
54.71
Neutral
85.10
Negative
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 551.9 is above the 20-day moving average (MA) of 476.78, above the 50-day MA of 505.58, and above 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹3.06T | 11.05 | ― | 2.85% | 2.36% | 15.88% | |
56 Neutral | ₹3.65T | 20.00 | ― | ― | 8.20% | 51.44% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹916.74B | 38.67 | ― | 0.40% | 26.38% | 11.53% | |
53 Neutral | ₹165.17B | 10.65 | ― | 9.64% | 8.73% | 12.55% | |
53 Neutral | ₹591.00B | 25.44 | ― | 1.70% | 4.09% | -16.62% | |
52 Neutral | ₹1.10T | 28.52 | ― | 0.72% | -4.19% | -4.84% |
* General Sector Average
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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 Re...
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 ...
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 renew...
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...
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.