Loading…
Power generation company of the JSW Group, operating thermal, hydro and growing renewable power plants across India.
Power generation company of the JSW Group, operating thermal, hydro and growing renewable power plants across India.
Earns capacity payments for keeping plants available plus energy charges per unit supplied under long-term contracts with state power buyers, and sells remaining output at market prices. Growth is being shifted to wind, solar and storage. It is controlled by the JSW Group, which also has a major steel business.
Moat: narrow (scale, installed base). Established generation capacity across fuel types backed by JSW Group's industrial scale, though power generation is commoditized.
Headquarters: Mumbai, India · Founded: 1994 · Employees: 12,818
Size JSW Energy (JSWENERGY.NS) is an India Utilities company (Electric Utilities) with a market value of $10.1B, the 124th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹524.95 on 6 Nov 2026.
Performance Over six months the shares fell 8.8%, against -5.1% for the median peer and 0.0% for the India market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 26.4% over the last twelve months (peer median +6.7%); the operating margin is 36.2% (peer median 12.4%).
Valuation It trades at 39.7× forward earnings against a peer median of 15.4× (most expensive of 19).
Capital Return on invested capital runs 7.5 points below its cost of capital (12.2% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹202B | ₹187B | ₹116B | ₹114B | ₹103B |
| Revenue growth | — | +61% | +1% | +11% | — |
| Gross profit | ₹98.9B | ₹87.1B | ₹45.3B | ₹44.6B | ₹26.5B |
| EBITDA | ₹108B | ₹99.5B | ₹51.3B | ₹53.6B | ₹34.4B |
| Net income | ₹23.2B | ₹22.4B | ₹19.5B | ₹17.2B | ₹14.8B |
| Free cash flow | n/a | -₹59.8B | -₹52.2B | -₹38.9B | -₹28.7B |
| Capital expenditure | n/a | ₹114B | ₹68.5B | ₹80.3B | ₹42.4B |
| Total debt | ₹825B | ₹770B | ₹503B | ₹317B | ₹253B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| JSW Energy JSWENERGY.NS | $10.1B | -9% | +26% | 36% | 39.7× | n/a |
| Tata Power TATAPOWER.NS | $11.9B | -20% | -4% | 13% | 25.0× | n/a |
| Adani Power ADANIPOWER.NS | $41.6B | -11% | +8% | 23% | 29.4× | n/a |
| NTPC NTPC.NS | $33.2B | -19% | +7% | 20% | 12.3× | n/a |
| Torrent Power TORNTPOWER.NS | $6.78B | -26% | +8% | 13% | 23.3× | n/a |
| NHPC NHPC.NS | $8.72B | +1% | +12% | 30% | 19.4× | n/a |
| Adani Green Energy ADANIGREEN.NS | $24.7B | +4% | +21% | 61% | 87.9× | n/a |
| ACME Solar ACMESOLAR.NS | $2.95B | +32% | +54% | 66% | 29.6× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | JSWENERGY.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.1% | +1.3% | 4th highest of 21 |
| 6-month return | -8.8% | -5.1% | 9th lowest of 21 |
| Distance from 52-week high | -15.0% | -18.6% | 10th highest of 21 |
| Revenue growth (TTM) | +26.4% | +6.7% | highest of 21 |
| Operating margin | 36.2% | 12.4% | 3rd highest of 21 |
| Forward P/E | 39.7× | 15.4× | most expensive of 19 |
| ROIC minus cost of capital | -7.5 pp | -0.9 pp | 2nd lowest of 20 |
| EV / EBITDA | 16.0× | 11.4× | 6th most expensive of 16 |
| Net debt / EBITDA | 6.8× | 5.2× | 8th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| JSW Energy JSWENERGY.NS | India | $10.1B | -9% | +26% | 36% | 39.7× | n/a | n/a |
| Hikari Tsushin 9435.T | Japan | $10.0B | -5% | +7% | 15% | 12.5× | 6.7% | +5.6% |
| Jiangsu Eastern Shenghong 000301.SZ | China | $10.3B | -22% | +4% | 7% | 12.4× | -2.1% | +28.4% |
| Edison EDNR.MI | Italy | $9.87B | -12% | +6% | 3% | n/a | n/a | n/a |
| OGE Energy OGE | United States | $10.5B | +7% | +2% | 26% | 21.6× | 8.1% | +9.0% |
| AES AES | United States | $10.6B | +4% | +12% | 20% | 6.8× | n/a | n/a |
| Guangxi Guiguan Electric Power 600236.SS | China | $10.7B | -10% | +26% | 48% | 20.7× | -2.8% | +3.0% |
| Datang International Power Generation 0991.HK | Hong Kong | $10.7B | -20% | +3% | 15% | 5.5× | 4.0% | +4.1% |
| Zhejiang Zheneng Electric Power 600023.SS | China | $10.8B | -5% | -7% | -1% | 17.4× | 7.0% | +9.0% |
| Redeia Corporacion RED.MC | Spain | $9.47B | +8% | +15% | 43% | 16.7× | n/a | n/a |
| Brookfield Renewable Partners LP BEP-UN.TO | Canada | $9.41B | -7% | +7% | 11% | n/a | n/a | n/a |
| Chubu Electric Power 9502.T | Japan | $11.2B | -13% | +3% | 0% | 10.3× | n/a | n/a |
| PGE Polska Grupa Energetyczna PGE.WA | Poland | $9.02B | +47% | -2% | 12% | 5.5× | n/a | n/a |
| Huadian Power International 1071.HK | Hong Kong | $8.73B | 0% | +13% | 8% | 9.6× | n/a | n/a |
| NHPC NHPC.NS | India | $8.72B | +1% | +12% | 30% | 19.4× | n/a | n/a |
| Tata Power TATAPOWER.NS | India | $11.9B | -20% | -4% | 13% | 25.0× | n/a | n/a |
| IDACORP IDA | United States | $8.63B | +2% | +4% | 23% | 21.7× | n/a | n/a |
| A2A A2A.MI | Italy | $8.55B | +4% | +14% | 8% | 11.9× | 2.8% | +15.6% |
| Pinnacle West Capital PNW | United States | $12.6B | +5% | +8% | 23% | 19.1× | n/a | n/a |
| Bkw BKW.SW | Switzerland | $8.12B | -17% | -5% | 11% | 14.1× | 1.6% | +7.4% |
| Keppel BN4.SI | Singapore | $13.0B | -13% | +11% | 11% | 18.9× | 14.8% | -1.9% |