JSW Energy Ltd - Stock Valuation and Financial Performance

BSE: 533148 | NSE: JSWENERGY | Power Generation/Distribution | Large Cap

JSW Energy Share Price

683.25 23.75 3.60%
as on 14-Jun'24 16:01

DeciZen - make an informed investing decision on JSW Energy

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

JSW Energy stock performance -

mw4me loader
P/E Ratio (CD):
69.32
Market Cap:
1,19,416.3 Cr.
52-wk low:
251.8
52-wk high:
686.9

Is JSW Energy Ltd an attractive stock to invest in?

1. Is JSW Energy Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that JSW Energy Ltd is a average quality company.

2. Is JSW Energy Ltd undervalued or overvalued?

The key valuation ratios of JSW Energy Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is JSW Energy Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of JSW Energy Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of JSW Energy:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
JSW Energy Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.9%12.4%11.4%7.4%5.9%6.9%6.9%6.3%9.1%5.7%-
Value Creation
Index
-0.2-0.1-0.2-0.5-0.6-0.5-0.5-0.5-0.2-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8,7059,3809,8248,2638,0499,1388,2736,9228,16710,33211,486
Sales YoY Gr.-7.8%4.7%-15.9%-2.6%13.5%-9.5%-16.3%18%26.5%-
Adj EPS 67.883.92.34.44.84.710.48.69.9
YoY Gr.-31.3%2.9%-51.7%-40.5%91.3%8.1%-1.1%118.8%-16.7%-
BVPS (₹) 40.145.859.763.667.671.970.888.2106113.2147.3
Adj Net
Profit
9761,2801,3196373787267847771,6981,4141,723
Cash Flow from Ops. 2,2693,3943,5383,8533,9342,4912,0863,7002,9522,084-
Debt/CF from Ops. 4.52.74.23.734.24.72.3311.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.9%5.1%7.7%26.5%
Adj EPS 4.2%30.1%21.7%-16.7%
BVPS12.2%10.8%16.9%6.8%
Share Price 24.6% 58.1% 64.5% 160.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.318.215.36.43.56.36.75.910.67.97.6
Op. Profit
Mgn %
37.438.741.440.835323642.143.73246.9
Net Profit
Mgn %
11.513.913.67.64.87.89.311.62113.715
Debt to
Equity
1.51.21.51.41.10.90.90.60.51.31.3
Working Cap
Days
206197260370337272367458371354123
Cash Conv.
Cycle
484464966545564714285

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 21.72%

Sales growth is good in last 4 quarters at 12.40%

Return on Equity has declined versus last 3 years average to 7.60%

Sales growth has been subdued in last 3 years 7.69%

Debt to equity has increased versus last 3 years average to 1.34

Latest Financials - JSW Energy Ltd.

Standalone Consolidated
TTM EPS (₹) 5.4 9.9
TTM Sales (₹ Cr.) 5,129 11,486
BVPS (₹.) 114.8 147.3
Reserves (₹ Cr.) 18,317 23,998
P/BV 5.95 4.64
PE 125.67 69.32
From the Market
52 Week Low / High (₹) 251.75 / 686.85
All Time Low / High (₹) 33.80 / 669.50
Market Cap (₹ Cr.) 1,19,416
Equity (₹ Cr.) 1,747.8
Face Value (₹) 10
Industry PE 25.2

Management X-Ray of JSW Energy:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *13.9212.1813.6410.9812.9613.7612.4412.7812.9110.80
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of JSW Energy

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales9,3809,8248,2638,0499,1388,2736,9228,16710,33211,486
Operating Expenses 5,7575,8044,9395,2866,2845,3164,0164,5987,0506,104
Manufacturing Costs5,1765,2284,3584,6815,7384,8063,5653,9866,4025,354
Material Costs192000000001
Employee Cost 147184212215244243237264308364
Other Costs 242392370391303267214348341385
Operating Profit 3,6234,0213,3242,7632,8532,9572,9073,5693,2825,382
Operating Profit Margin (%) 38.6%40.9%40.2%34.3%31.2%35.7%42.0%43.7%31.8%46.9%
Other Income 230240217465368287237569535455
Interest 1,1371,4981,6851,4561,1921,0518967778442,053
Depreciation 7908549699661,1641,1681,1671,1311,1691,633
Exceptional Items -341500-418061001200
Profit Before Tax 1,8922,0178923388971,1141,0992,2381,9432,167
Tax 51555626925321233276495463442
Profit After Tax 1,3771,460623856841,0818231,7431,4801,725
PAT Margin (%) 14.7%14.9%7.5%1.1%7.5%13.1%11.9%21.3%14.3%15.0%
Adjusted EPS (₹)8.28.93.90.54.26.74.810.59.010.5
Dividend Payout Ratio (%)24%22%13%0%24%15%41%19%22%19%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 7,5189,70410,35611,09411,80311,62314,48217,37518,56420,742
Share Capital 1,6401,6271,6281,6401,6411,6421,6421,6401,6411,641
Reserves 5,8788,0778,7289,45410,1629,98112,84015,73516,92319,101
Minority Interest5512-4-12-24-92105183
Debt8,21113,53713,13510,8299,2408,2817,2627,93220,93929,666
Long Term Debt8,06211,94813,12610,8219,2408,2816,9726,87619,20827,731
Short Term Debt1481,58998002901,0561,7311,935
Trade Payables1,6392,5312,1192,3271,8401,6039501,0761,2741,344
Others Liabilities 3,6034,8184,9394,3624,9197,4025,7147,24810,1508,975
Total Liabilities 21,02530,59130,55028,60827,79028,88428,40033,63351,03260,909

Fixed Assets

Gross Block16,99521,14221,30721,68021,77521,81221,89422,22233,47939,107
Accumulated Depreciation3,8058441,8172,8033,9515,0996,2577,3928,45810,161
Net Fixed Assets13,19120,29819,49118,87717,82516,71315,63714,83125,02028,946
CWIP 1853215312944003914732,0914,78810,285
Investments 1,6191,0121,5792,4152,4511,8544,0526,6236,0337,035
Inventories548636593536455640395901987831
Trade Receivables1,1722,9062,1831,1511,4281,5659646701,532844
Cash Equivalents 3513577843112042014791,1344,0144,207
Others Assets3,9595,0615,3905,0255,0297,5216,4007,3838,6578,762
Total Assets 21,02530,59130,55028,60827,79028,88428,40033,63351,03260,909

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 3,3943,5383,8533,9342,4912,0863,7002,9522,0846,234
PBT 1,8922,0178923388971,1141,0992,2381,9432,167
Adjustment 1,8172,3102,5072,5662,0931,9181,9181,5901,6223,444
Changes in Working Capital 134-4906931186-298-771866-438-11341009
Tax Paid -449-299-239-156-201-175-183-439-347-386
Cash Flow From Investing Activity -422-3,431-762-215-55301-1,033-1,392-7,009-8,318
Capex -360-35-369-119-218-94-342-2,294-4,237-8,032
Net Investments -13528-2107719-91-442-2,226-652
Others 73-3,425-392-203156376-6001,344-547366
Cash Flow From Financing Activity -2,327-1,622-2,595-3,968-2,523-1,965-2,515-7817,3271,675
Net Proceeds from Shares 00673551-844-11
Net Proceeds from Borrowing -8122773,199-2,491-1,350-707-1,795-3738,3844,302
Interest Paid -1,133-1,489-1,680-1,432-1,174-1,062-843-757-1,076-2,308
Dividend Paid -382-410-393-119-4-164-164-329-329-347
Others 00-3,72800-3728776334439
Net Cash Flow 645-1,516496-249-864221537782,402-409
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)19.5516.966.210.795.989.236.310.958.248.78
ROCE (%)18.0916.9910.457.529.219.87912.277.998.83
Asset Turnover Ratio0.450.380.270.270.320.290.240.260.240.21
PAT to CFO Conversion(x)2.462.426.1846.283.641.934.51.691.413.61
Working Capital Days
Receivable Days467611276526667373938
Inventory Days19222726202427293329
Payable Days668000000000

JSW Energy Ltd Stock News

JSW Energy Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of JSW Energy on 14-Jun-2024 16:01 is ₹683.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Jun-2024 16:01 the market cap of JSW Energy stood at ₹1,19,416.3.
The latest P/E ratio of JSW Energy as of 14-Jun-2024 16:01 is 125.7.
The latest P/B ratio of JSW Energy as of 14-Jun-2024 16:01 is 5.95.
The 52-week high of JSW Energy is ₹686.9 and the 52-week low is ₹251.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JSW Energy is ₹5,129 ( Cr.) .

About JSW Energy Ltd

JSW Energy was incorporated as Jindal Tractebel Power Company Limited under the Companies Act, 1956 on March 10, 1994 in Mumbai. The name of the company was changed to Jindal Thermal Power Company on January 17, 2002. Subsequently the name of the company was changed to JSW Energy Limited on December 7, 2005.

Business area of the company

The company sells power through a combination of long-term and short-term power purchase arrangements and through the power exchanges in India to state-owned utilities, power trading companies and some industrial consumers.

Business Segments

  • Power Trading
  • Equipment Manufacturing
  • Mining

Awards:

JSW Energy Limited, Vijayanagar

  • ‘Shining Glory Award-2019’ by Green Maple Foundation, Chandigarh- Awarded on 26 May- 2019- Trophy and Certificate (Won under Environment Management Achiever Category)- for Excellent Performance in Environmental Management.
  • ‘Global Environment Award 2019’ by Energy and Environment Foundation, Delhi - Awarded on 23 August-2019 at Convention Centre, NDCC- New Delhi- Trophy and Certificate (under Platinum Category)- for Achievement in Latest Environmental practices and Management.
  • CII National Award for Excellence in Energy Management -2019 by Confederation of Indian Industry (CII)- Awarded on 18 September-2019 at HICC (Hyderabad International Convention Centre) Hyderabad- Awarded as Energy Efficient Unit (Trophy & Certificate)- For the Energy conservation measures and Best practices adopted for conservation of energy.
  • ‘SEEM National Energy Management Award 2019’ by Society of Energy Engineers and Managers,- Awarded on 26 September-2019 in the Award Ceremony at Islamic Cultural Centre, New Delhi - Won Silver Award (Trophy & Certificate)- For the Energy conservation measures and Best practices adopted for conservation of energy.
  • State Level Safety Award - Best Power Boiler’ by Director of Factories, Boilers, Industrial Safety & Health, Bangalore, Govt of Karnataka for Captive Power Plant 1 boiler - Awarded on March 04-2020- Got ‘First Prize’ (Trophy & Certificate) for the best safe practices adopted.
  • Certificate on Excellence in Safety to the Captive Power Plant 2 by JSW Steel Limited during the National Safety day celebrations on March 04, 2020- For maintaining commendable safety performance during the calendar year 2019.

JSW Energy Limited, Barmer

  • ‘Shining Glory Award -2019’ under ‘Business Excellence’ category from Green Maple Foundation.
  • ‘Shining Glory Award -2019’ under ‘Women Empowerment’ category from Green Maple Foundation.
  • ‘Rajasthan CSR Leadership Award 2019’ under ‘Poverty Alleviation’ category.
  • ‘National NGO & CSR Excellence Award-2019’, for ‘Water & Sanitation-2019’ presented at the 6th National NGO and CSR summit-2019.
  • Received ‘Certificate of Appreciation for Good Practices in Safety Systems’ at 8th FICCI Safety Systems Excellence Awards for Industry 2019, New Delhi.
  • IPPAI ‘20th Regulators & Policymakers Retreat-2019’ award, certificate of excellence and trophy received for the Best Innovation.

JSW Energy Limited, Ratnagiri

  • CII National Award for Excellence in Energy Management -2019 by Confederation of Indian Industry(CII)- Awarded on September 18,2019 at HICC(Hyderabad International Convention Centre) Hyderabad- Awarded as Excellent Energy Efficient Unit (Trophy & Certificate)- For the Energy conservation measures and Best practices adopted for conservation of Energy
  • The Best Operating Thermal Power Plant National award by IPPAI Power Awards -2019 awarded on December 07, 2019 (Trophy). The award was announced at 20th Regulators & Policymakers Retreat-2019, a platform for thought-provoking discussions and creation of recommendations for the future of the Indian power sector. The objective of award is to recognise the contributions made towards energy efficiency.
  • Certificate of Appreciation from Confederation of Indian Industry (CII) for good work in area of sustainability during CII ITC Sustainability Awards 2019. The certificate was received in January-2020
  • Declared 1st Winner Award at the 14th State level Energy Conservation Award by Maharashtra Energy Development Agency (MEDA) for excellence in energy conservation and management.
  • Golden Bird Excellence Award-2020- Declared winner in Gold Category on November 29, 2019 for the outstanding project on energy efficiency.

Milestones:

2010

  • The company announced Commencement of Generation of Power of Unit II and in 2011 Commencement of Generation of Power of Unit III.

2013

  • JSW Energy, total operational capacity went up to 3,140 MW because of the commencement of the four Barmer units (total 540 MW)
  • JSW Energy Commenced a Generation of Power of Unit VII of 135MW at Barmer, Rajasthan.

2014

  • JSW Energy acquires Himachal Baspa Power Company worth Rs 9,700 crore.
  • JSW Energy inks MoU with Jaiprakash Power Ventures for the acquisition of three operational plants of JPVL.

2015

  • JSW Energy signed a Non-binding Memorandum of Understanding (MOU) with Monnet Ispat and Energy Limited
  • JSW Energy Limited has concluded the acquisition of 100% of the securities of Himachal Baspa Power Company Limited.

2016

  • JSW Energy signs MoU to set up a thermal power plant and related activities in the Kingdom of Swaziland.

2020

  • JSW Energy signs pact with Jaiprakash Power Ventures to restructure debt.
  • Jaiprakash Power Ventures allots equity shares worth Rs 351.77 crore to JSW Energy.
  • JSW Energy terminates deal to acquire GMR Kamalanga Energy.
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