JSW Energy Ltd - Stock Valuation and Financial Performance

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

JSW Energy Share Price

615.65 -0.30 -0.05%
as on 12-Apr'24 16:59

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):
65.47
Market Cap:
1,07,601.4 Cr.
52-wk low:
240
52-wk high:
632.4

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 8,7059,3809,8248,2638,0499,1388,2736,9228,16710,33211,400
Sales YoY Gr.-7.8%4.7%-15.9%-2.6%13.5%-9.5%-16.3%18%26.5%-
Adj EPS 67.883.92.34.44.84.710.48.69.4
YoY Gr.-31.3%2.9%-51.7%-40.5%91.3%8.1%-1.1%118.8%-16.7%-
BVPS (₹) 40.145.859.763.667.671.970.888.2106113.2143.7
Adj Net
Profit
9761,2801,3196373787267847771,6981,4141,643
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 25.7% 53.2% 85.4% 150.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.318.215.36.43.56.36.75.910.67.97.3
Op. Profit
Mgn %
37.438.741.440.835323642.143.73243.5
Net Profit
Mgn %
11.513.913.67.64.87.89.311.62113.714.4
Debt to
Equity
1.51.21.51.41.10.90.90.60.51.3-
Working Cap
Days
206197260370337272367516461433133
Cash Conv.
Cycle
48446496654556471428-1

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 13.94%

Return on Equity has declined versus last 3 years average to 7.30%

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 (₹) 4.2 9.4
TTM Sales (₹ Cr.) 5,540 11,400
BVPS (₹.) 111.3 143.7
Reserves (₹ Cr.) 17,710 23,363
P/BV 5.53 4.29
PE 145.48 65.47
From the Market
52 Week Low / High (₹) 240.00 / 632.35
All Time Low / High (₹) 33.80 / 632.35
Market Cap (₹ Cr.) 1,07,601
Equity (₹ Cr.) 1,747.8
Face Value (₹) 10
Industry PE 22.2

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales8,7059,3809,8248,2638,0499,1388,2736,9228,16710,332
Operating Expenses 5,4545,7575,8044,9395,2866,2845,3164,0164,5987,050
Manufacturing Costs5,2445,1765,2284,3584,6815,7384,8063,5653,9866,402
Material Costs-18819200000000
Employee Cost 133147184212215244243237264308
Other Costs 265242392370391303267214348341
Operating Profit 3,2513,6234,0213,3242,7632,8532,9572,9073,5693,282
Operating Profit Margin (%) 37.3%38.6%40.9%40.2%34.3%31.2%35.7%42.0%43.7%31.8%
Other Income 202230240217465368287237569535
Interest 1,2061,1371,4981,6851,4561,1921,051896777844
Depreciation 8107908549699661,1641,1681,1671,1311,169
Exceptional Items -378-341500-41806100120
Profit Before Tax 1,0601,8922,0178923388971,1141,0992,2381,943
Tax 28451555626925321233276495463
Profit After Tax 7761,3771,460623856841,0818231,7431,480
PAT Margin (%) 8.9%14.7%14.9%7.5%1.1%7.5%13.1%11.9%21.3%14.3%
Adjusted EPS (₹)4.68.28.93.90.54.26.74.810.59.0
Dividend Payout Ratio (%)43%24%22%13%0%24%15%41%19%22%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 6,5707,5189,70410,35611,09411,80311,62314,48217,37518,564
Share Capital 1,6401,6401,6271,6281,6401,6411,6421,6421,6401,641
Reserves 4,9305,8788,0778,7289,45410,1629,98112,84015,73516,923
Minority Interest505512-4-12-24-92105
Debt9,1408,21113,53713,13510,8299,2408,2817,2627,93220,939
Long Term Debt8,9328,06211,94813,12610,8219,2408,2816,9726,87619,208
Short Term Debt2081481,58998002901,0561,731
Trade Payables1,6411,6392,5312,1192,3271,8401,6039501,0761,274
Others Liabilities 3,0403,6034,8184,9394,3624,9197,4027,9089,10012,765
Total Liabilities 20,44121,02530,59130,55028,60827,79028,88430,59435,48553,646

Fixed Assets

Gross Block16,63516,99521,14221,30721,68021,77521,81221,89422,22233,479
Accumulated Depreciation3,0013,8058441,8172,8033,9515,0996,2577,3928,458
Net Fixed Assets13,63513,19120,29819,49118,87717,82516,71315,63714,83125,020
CWIP 3801853215312944003914732,0914,788
Investments 8881,6191,0121,5792,4152,4511,8544,0526,6236,033
Inventories416548636593536455640395901987
Trade Receivables1,1981,1722,9062,1831,1511,4281,5659646701,532
Cash Equivalents 5673513577843112042014791,1344,014
Others Assets3,3583,9595,0615,3905,0255,0297,5218,5939,23511,272
Total Assets 20,44121,02530,59130,55028,60827,79028,88430,59435,48553,646

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2,2693,3943,5383,8533,9342,4912,0863,7002,9522,084
PBT 1,0601,8922,0178923388971,1141,0992,2381,943
Adjustment 1,9571,8172,3102,5072,5662,0931,9181,9181,5901,622
Changes in Working Capital -489134-4906931186-298-771866-438-1134
Tax Paid -259-449-299-239-156-201-175-183-439-347
Cash Flow From Investing Activity -363-422-3,431-762-215-55301-1,033-1,392-7,009
Capex -489-360-35-369-119-218-94-342-2,294-4,237
Net Investments 3-13528-2107719-91-442-2,226
Others 12373-3,425-392-203156376-6001,344-547
Cash Flow From Financing Activity -1,859-2,327-1,622-2,595-3,968-2,523-1,965-2,515-7817,327
Net Proceeds from Shares 000673551-844
Net Proceeds from Borrowing -270-8122773,199-2,491-1,350-707-1,795-3738,384
Interest Paid -1,205-1,133-1,489-1,680-1,432-1,174-1,062-843-757-1,076
Dividend Paid -384-382-410-393-119-4-164-164-329-329
Others 000-3,72800-37287763344
Net Cash Flow 48645-1,516496-249-864221537782,402
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)12.1619.5516.966.210.795.989.236.310.958.24
ROCE (%)13.6318.0916.9910.457.529.219.87912.277.99
Asset Turnover Ratio0.420.450.380.270.270.320.290.230.250.23
PAT to CFO Conversion(x)2.922.462.426.1846.283.641.934.51.691.41
Working Capital Days
Receivable Days644676112765266673739
Inventory Days18192227262024272933
Payable Days-1,11966800000000

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 12-Apr-2024 16:59 is ₹615.6.
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 12-Apr-2024 16:59 the market cap of JSW Energy stood at ₹1,07,601.4.
The latest P/E ratio of JSW Energy as of 12-Apr-2024 16:59 is 145.5.
The latest P/B ratio of JSW Energy as of 12-Apr-2024 16:59 is 5.53.
The 52-week high of JSW Energy is ₹632.4 and the 52-week low is ₹240.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JSW Energy is ₹5,540 ( 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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