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10 Yrs X-Ray 
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About
JSW Holdings Ltd (JSWHL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532642 NSE: JSWHL Finance - Investment | Small Cap | JSW Holdings Share Price
₹11,500 63.45 (0.55%)
As on 11-Sep'26 16:01
JSW Holdings Ltd (JSWHL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532642 NSE: JSWHL Finance - Investment | Small Cap | JSW Holdings Share Price
₹11,500 63.45 (0.55%)
As on 11-Sep'26 16:01
Key Metrics
Valuation Multiples
Market Cap
₹12,694 Cr.
Current Price
₹11,500
52-Week Low / High
₹10,500 / 22,839
TTM EPS
₹123.8
Book Value per Share
₹29,759.9
P/E Ratio
92.41
Higher than its 5-year historical median
Industry PE
57.6
Price to Book (P/B)
0.38
Higher than its 5-year historical median
EV/EBITDA
75.49
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.46%
Return on Capital Employed (ROCE)
0.58%
Return on Assets (ROA)
0.40%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Slowing versus 3-year growth rate
-27.67%
Book Value Growth (1 Year)
Slowing versus 3-year growth rate
5.01%
Asset Quality
Gross NPA(%)
0.00%
Net NPA(%)
0.00%
TTM Sales
₹184 Cr.
Reserves
₹33,021 Cr.
Equity
₹11.1 Cr.
Face Value
₹10
All Time Low / High
₹112.00 / 27760.50
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Semi Strong
Is JSW Holdings Ltd a good quality company?
JSW Holdings Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.
-
How efficiently has it grown and managed operations?
By checking its Total Asset growth.
-
How strong is its Capital position and Asset Quality?
By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.
How does JSW Holdings Ltd performance compare with that of its Peers?
AUM Growth of JSW Holdings Ltd vs Industry Peers?
JSW Holdings Ltd AUM CAGR is 20.99%, compared to the 5-year industry median CAGR of 9.58%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of JSW Holdings Ltd?
Promoters hold 66.29% of the JSW Holdings Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of JSW Holdings Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 24.1% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 Holdings Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 63.4 | 88.7 | 107 | 121 | 92.8 | 186 | 407 | 170 | 248 | 179 | 184 | |
| YoY Gr. Rt. % | - | 39.9% | 21.1% | 12.8% | -23.3% | 100.6% | 118.5% | -58.3% | 46.3% | -27.7% | - | |
| Adj EPS (₹ ) | 42.7 | 61.4 | 79.3 | 94 | 59.4 | 121.3 | 270 | 106.9 | 157.4 | 109.6 | 111.2 | |
| YoY Gr. Rt. % | - | 43.8% | 29.3% | 18.5% | -36.9% | 104.4% | 122.5% | -60.4% | 47.2% | -30.4% | - | |
| BVPS (₹ ) | 761.2 | 7,324.6 | 7,388.7 | 6,379.8 | 11,297.5 | 17,728.9 | 17,115 | 22,054 | 27,439 | 28,815 | 28,831.2 | |
| YoY Gr. Rt. % | - | 862.3% | 0.9% | -13.7% | 77.1% | 56.9% | -3.5% | 28.9% | 24.4% | 5% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 5.8 | 1.4 | 1 | 1.3 | 0.6 | 0.7 | 1.4 | 0.5 | 0.6 | 0.3 | 0 | |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 12.3% | 14.1% | -23.9% | -27.7% | ||||
| Adj EPS | 11% | 13% | -26% | -30.4% | ||||
| BVPS | 49.7% | 20.6% | 19% | 5% | ||||
| Share Price | 24.2% | 19.3% | 32.1% | -38.4% | ||||
Key Financial Ratios
| RATIOS \ YEARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||||||
| Net Profit Margin (%) | 74.8 | 76.7 | 81.8 | 86 | 70.8 | 72.3 | 73.7 | 70 | 70.4 | 67.8 | 67.1 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 5.8 | 1.5 | 1.1 | 1.4 | 0.7 | 0.8 | 1.6 | 0.6 | 0.6 | 0.4 | 0.4 | |
Valuation of JSW Holdings - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 4.54 | 4.54 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income + | 63 | 89 | 107 | 121 | 93 | 186 | 407 | 170 | 269 | 205 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21 | 25 |
| Expenditure ⓘ + | 4 | 5 | 5 | 6 | 5 | 6 | 6 | 12 | 14 | 14 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 |
| Profit Before Tax ⓘ | 59 | 84 | 102 | 115 | 88 | 180 | 401 | 157 | 255 | 188 |
| Taxes ⓘ | 12 | 16 | 14 | 11 | 22 | 46 | 101 | 39 | 59 | 41 |
| Profit After Tax | 47 | 68 | 88 | 104 | 66 | 135 | 300 | 119 | 196 | 147 |
| Adjusted EPS (₹) | 43.4 | 62.8 | 90.4 | 96.2 | 68.0 | 136.7 | 298.7 | 140.2 | 176.5 | 132.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital + | 858 | 8,255 | 8,288 | 7,112 | 12,602 | 19,954 | 19,410 | 25,435 | 31,310 | 33,011 |
| Short term borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 1 | 743 | 717 | 599 | 1,442 | 2,801 | 2,628 | 3,815 | 3,948 | 4,183 |
| Current Liabilities | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 6 | 8 |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Other Liabilities | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -1 | -0 |
| Total Liabilities ⓘ | 860 | 8,998 | 9,005 | 7,712 | 14,045 | 22,756 | 22,039 | 29,251 | 35,265 | 37,203 |
Assets | ||||||||||
| Non Current Asset + | 846 | 8,644 | 8,620 | 7,282 | 13,549 | 22,122 | 21,104 | 29,228 | 35,246 | 37,193 |
| Current Asset + | 14 | 354 | 385 | 430 | 497 | 635 | 935 | 23 | 19 | 9 |
| Total Assets ⓘ | 860 | 8,998 | 9,005 | 7,712 | 14,045 | 22,756 | 22,039 | 29,251 | 35,265 | 37,203 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 32 | 66 | 89 | 103 | 67 | 130 | 298 | 115 | 169 | 140 |
| Cash Flow From Investing Activity ⓘ | -43 | -58 | -87 | -108 | -72 | -131 | -298 | -112 | -170 | -140 |
| Cash Flow From Financing Activity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Net Cash Flow ⓘ | -11 | 8 | 2 | -4 | -5 | -1 | 1 | 3 | -1 | -1 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios | ||||||||||
| EPS (₹) | 43.40 | 62.80 | 90.40 | 96.20 | 68 | 136.70 | 298.70 | 140.20 | 176.50 | 132.10 |
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 773.1 | 7451.2 | 7486.3 | 6423.8 | 11383.6 | 17984.1 | 17490.4 | 22919.9 | 28212.2 | 29743.9 |
Performance Ratios | ||||||||||
| ROA (%) | 5.5 | 1.4 | 1.0 | 1.3 | 0.6 | 0.7 | 1.3 | 0.5 | 0.6 | 0.4 |
| ROE (%) | 5.5 | 1.5 | 1.1 | 1.4 | 0.7 | 0.8 | 1.5 | 0.5 | 0.7 | 0.5 |
| ROCE (%) | 6.9 | 1.9 | 1.2 | 1.5 | 0.9 | 1.1 | 2.0 | 0.7 | 0.9 | 0.6 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 2.0 | 0.2 | 0.4 | 0.2 | 0.3 | 0.2 | 0.2 | 0.3 | 0.8 | 0.4 |
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JSW Holdings Ltd FAQs
The current trading price of JSW Holdings on 11-Sep-2026 16:01 is ₹11,500.
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 10-Sep-2026 the market cap of JSW Holdings stood at ₹12,694.1 Cr
The latest P/E ratio of JSW Holdings as of 10-Sep-2026 is 102.9.
The latest P/B ratio of JSW Holdings as of 10-Sep-2026 is 0.40.
The 52-week high of JSW Holdings is ₹22,839.2 and the 52-week low is ₹10,500.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JSW Holdings is ₹184 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that JSW Holdings Ltd is a below average quality company.
The key valuation ratios of JSW Holdings Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of JSW Holdings Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About JSW Holdings Ltd
JSW Holdings (formerly known as Jindal South West Holdings) is a core investment company (CIC) that forms the investment arm of the JSW Group. As the company is not accessing public funds, it is not required to be registered under Section 45IA of the Reserve Bank of India (RBI), 1934 and is termed as ‘Unregistered CIC’ in terms of the Core Investments Companies (Reserve Bank) Directions, 2016. The company continues to carry on the business permitted to Unregistered CIC in terms of the said Directions and as a pre-requisite continues to hold at least 90% of its investments, loans, advances, etc. in Group Companies with significant investment in equity shares of JSW Steel. The company invests in shares of Group Companies Granting Loans and Providing Security by way of pledge on shares to the Group Companies.
Pursuant to the provisions of Section 21 and other applicable provisions of the Companies Act, 1956, approval was accorded to change the name of the Company from “Jindal South West Holdings Limited” to “JSW Holdings Limited” with effect from July 12, 2013.
JSW Group, which was born from a visionary dream, is a global force driving industry transformation. The group empowers communities and shape India’s future with trust, excellence, and a relentless focus on sustainable growth, making a lasting impact across every sector it touches. The group businesses are Steel, Energy, Infrastructure, Cement, Paints, Ventures, Realty, Defence, JSW Dulux, JSW MG Motor India, Industrial Parks, JSW One, and JSW Greentech.
Business area of the company
The company is primarily engaged in the business of investing and financing. In terms of “Master Direction - Core Investment Companies (Reserve Bank) Directions, 2025”, the company is eligible to carry on business permitted to CIC without seeking registration from Reserve Bank of India.
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