JSW Energy share price
NSE: JSWENERGYBSE: 533148PowerMid Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹469.65.
28 Oct: open ₹467.10, high ₹483.00, low ₹462.40
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹88,557 Cr121st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 38.19
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.41
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.41%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 7.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 6.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 2.04
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 14,32,56344.8% delivered
About JSW Energy
JSW Energy Limited is an Indian independent power producer that generates electricity from thermal, hydro, wind and solar plants, and also transmits and trades power.1 It sells power to state distribution companies, central agencies, industrial customers, group captive users (industrial buyers who own a stake in the plant supplying them) and the open market.2 It is also building energy storage and has moved into green hydrogen and power equipment.1
It owns and operates power plants in 14 Indian states.3 Jaigad Power Transco, its 74:26 joint venture with Maharashtra's state transmission company, owns 2 transmission lines of 400 kV in Maharashtra, and the company trades electricity through JSW Power Trading Company.4
It was incorporated in 1994 and began commercial operations in 2000 with its first thermal units at Vijayanagar, Karnataka.56 Its acquisitions include Mytrah, JSW Utkal, JSW Mahanadi and O2 Power, whose acquisition was completed in April 2025.78
It is part of the O. P. Jindal Group and is the energy arm of the JSW Group, whose other interests include steel, infrastructure, cement and paints; Sajjan Jindal is its Chairman and Managing Director.5910
JSW Energy key points
Results
- In the quarter to Jun 2026, consolidated total revenue was flat at ₹5,437 crore, EBITDA (earnings before interest, tax, depreciation and amortisation) rose 2% to ₹3,103 crore, and reported profit after tax fell to ₹533 crore from ₹836 crore.11
- In the year to Mar 2026, consolidated revenue from operations rose 61% to ₹18,901.13 crore and EBITDA rose 81% to a record ₹11,041 crore.1213
- Consolidated profit after tax was a record ₹2,762 crore in the year to Mar 2026, of which ₹2,239.31 crore was attributable to shareholders (₹1,950.89 crore a year earlier); the board recommended a dividend of ₹2 per share.141516
- JSW Energy's net debt (borrowings less cash) was ₹61,322 crore at the end of June 2026, 1.70 times equity, with cash of ₹12,881 crore.1718
Business segments
- Thermal. In the quarter to Jun 2026, operating revenue fell 5% to ₹3,453 crore and EBITDA excluding other income fell 11% to ₹1,392 crore.19
- Renewables. In the quarter to Jun 2026, operating revenue rose 17% to ₹1,740 crore and operating EBITDA rose 23% to ₹1,485 crore, from new capacity and the O2 Power portfolio.20
- Hydro (part of Renewables). At JSW Hydro Energy's Karcham Wangtoo and Baspa plants, output fell 45% to 1,059 million units in the quarter on weak water flows; at 100% availability they kept earning capacity charges (fixed payments for availability).2122
Plants and capacity
- Installed capacity by source on 5 Oct 2026 (MW)23Total installed capacity was 15,147 MW, of which renewables made up 9,189 MW, about 61%.
Item Oct 2026 Thermal 5,958 Wind 3,125 Solar 2,426 Hybrid (wind and solar at one site) 1,857 Hydro 1,781 - JSW Energy had 14.5 GW under construction and 2.8 GW in the pipeline (awarded, sale agreement not yet signed), for locked-in capacity of 32.4 GW.24
- JSW Energy's locked-in energy storage was 29.6 GWh: 26.4 GWh of pumped hydro storage (water pumped uphill and released through turbines when needed) and 3.2 GWh of batteries.24
Customers and partners
- About 96% of installed capacity was under long-term power purchase agreements (multi-year sale contracts at agreed tariffs) on 1 Apr 2026.25
- JSW Steel buys green hydrogen from the company under a 7-year agreement; the 2 companies have memoranda of understanding for 6.2 GW of renewables with 2.7 GWh of storage and 85,000 to 90,000 tonnes a year of green hydrogen.2627
Expansion and capital spending
- It is building the 3,200 MW Salboni thermal plant in West Bengal, its power contracted to the state distribution company, and by 25 Sep 2026 had ordered turbine generators for all 4 units of 800 MW from associate Toshiba JSW.2829
- In its presentation of 22 Jul 2026, the company said it targets commercial operation of 600 MW of its 1,800 MW Mahanadi expansion in the year to Mar 2028 and 1,200 MW in the year to Mar 2029.30
- In its presentation of 22 Jul 2026, the company said its pumped storage projects of 12 GWh each, contracted with Maharashtra's and Uttar Pradesh's distributors, are scheduled for the years to Mar 2030 and Mar 2031.3132
- Its 5 GWh battery container plant in Pune, commissioned in the quarter to Mar 2026, won its first large outside order, worth about ₹440 crore.3334
What the company expects
- In its exchange filing of 5 Oct 2026, the company said it targets 30 GW of generation capacity and 40 GWh of energy storage by 2030, and carbon neutrality by 2050.24
- On its earnings call of 22 Jul 2026, the company said it expects to add 3 GW of capacity and spend ₹20,000 crore on capital projects in the year to Mar 2027.35
Recent events
- On 1 Oct 2026, the National Company Law Tribunal sanctioned the transfer of GE Power India's boiler manufacturing unit at Durgapur, West Bengal, to the company, from a date still to be announced.3637
- On 13 Jun 2026, the company agreed to buy Maruti Clean Coal & Power's 300 MW thermal plant at an enterprise value (price including debt) of about ₹1,410 crore; by 5 Oct 2026 the plant was in its installed capacity.383940
- On 12 Jun 2026, the 150 MW Tidong hydro plant in Himachal Pradesh, bought from Statkraft in January 2026, was commissioned, ahead of its October 2026 schedule.4142
- On 25 May 2026, the company raised ₹4,000 crore by selling new shares to institutional investors; that month it sold 2.5 crore of its 7 crore JSW Steel shares for ₹3,150 crore.4344
Litigation and regulatory matters
- On 18 Sep 2026, the Appellate Tribunal for Electricity overturned a March 2022 regulator's order and allowed subsidiary JSW Hydro Energy's claim for notional interest during construction on equity above 30%, sending the data back for a prudence check.45
Last updated
All 45 sources, each with its page
- 1. Annual report, 16 Jun 2026, page 115
- 2. Annual report, 16 Jun 2026, page 100
- 3. Annual report, 16 Jun 2026, page 9
- 4. Annual report, 16 Jun 2026, page 117
- 5. Annual report, 16 Jun 2026, page 115
- 6. Exchange filing, 5 Oct 2026, page 3
- 7. Annual report, 16 Jun 2026, page 14
- 8. Annual report, 16 Jun 2026, page 20
- 9. Annual report, 16 Jun 2026, page 1
- 10. Annual report, 16 Jun 2026, page 126
- 11. Investor presentation, 22 Jul 2026, page 12
- 12. Annual report, 16 Jun 2026, page 120
- 13. Annual report, 16 Jun 2026, page 14
- 14. Annual report, 16 Jun 2026, page 116
- 15. Annual report, 16 Jun 2026, page 126
- 16. Annual report, 16 Jun 2026, page 20
- 17. Investor presentation, 22 Jul 2026, page 15
- 18. Investor presentation, 22 Jul 2026, page 10
- 19. Investor presentation, 22 Jul 2026, page 42
- 20. Investor presentation, 22 Jul 2026, page 46
- 21. Investor presentation, 22 Jul 2026, page 48
- 22. Investor presentation, 22 Jul 2026, page 47
- 23. Exchange filing, 5 Oct 2026, page 2
- 24. Exchange filing, 5 Oct 2026, page 2
- 25. Annual report, 16 Jun 2026, page 99
- 26. Annual report, 16 Jun 2026, page 116
- 27. Annual report, 16 Jun 2026, page 115
- 28. Annual report, 16 Jun 2026, page 118
- 29. Exchange filing, 25 Sep 2026, page 1
- 30. Investor presentation, 22 Jul 2026, page 23
- 31. Annual report, 16 Jun 2026, page 95
- 32. Investor presentation, 22 Jul 2026, page 24
- 33. Earnings call, 22 Jul 2026, page 5
- 34. Investor presentation, 22 Jul 2026, page 36
- 35. Earnings call, 22 Jul 2026, page 3
- 36. Exchange filing, 1 Oct 2026, page 1
- 37. Annual report, 16 Jun 2026, page 117
- 38. Investor presentation, 22 Jul 2026, page 10
- 39. Investor presentation, 22 Jul 2026, page 41
- 40. Exchange filing, 5 Oct 2026, page 2
- 41. Investor presentation, 22 Jul 2026, page 34
- 42. Annual report, 16 Jun 2026, page 128
- 43. Investor presentation, 22 Jul 2026, page 10
- 44. Earnings call, 22 Jul 2026, page 3
- 45. Exchange filing, 19 Sep 2026, page 1
Results
Consolidated; ₹ crore.JSW Energy quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +26.4%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +14.6%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹6,368 Crup 22.30%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,141 Crup 114.20%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 17.9%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,439 | 3,189 | 5,143 | 5,177 | 4,082 | 4,499 | 5,207 | 6,368 |
| Net profit | 157 | 415 | 836 | 824 | 529 | 574 | 533 | 1,141 |
| Net margin | 6.5% | 13.0% | 16.3% | 15.9% | 13.0% | 12.7% | 10.2% | 17.9% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹18,901 Crup 60.92%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,762 Crup 39.31%
- Net margin
- 14.6%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8,263 | 8,049 | 9,138 | 8,273 | 6,922 | 8,167 | 10,332 | 11,486 | 11,745 | 18,901 |
| Net profit | 629 | 85 | 684 | 1,081 | 823 | 1,743 | 1,480 | 1,725 | 1,983 | 2,762 |
| Net margin | 7.6% | 1.1% | 7.5% | 13.1% | 11.9% | 21.3% | 14.3% | 15.0% | 16.9% | 14.6% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- ThermalThermal, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹13,212 Crup 66.36%70.1%
- RenewableRenewable, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹5,626 Crup 57.19%29.9%
Valuation
Today, against the company's own history.JSW Energy PE ratio and valuation
At or below today's level on 61% of 2,478 trading days over the last 10 years.
At or below today's level on 44% of 1,841 trading days since Nov 2018.
At or below today's level on 45% of 2,470 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −11.9% | +14.6% | −23.5% | 0.4% |
| 3 years | +25.5% | +12.5% | +11.2% | 0.4% |
| 5 years | +40.5% | +21.5% | +15.2% | 0.5% |
Mutual fund holdings
202 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 96 of the 118 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 202 funds holding JSW Energy
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 6
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 5
- AddedAdded. Funds that held more shares than at the end of the month before.
- 75
- CutCut. Funds that held fewer shares than at the end of the month before.
- 43
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 72
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 6
| Fund | |||
|---|---|---|---|
| 2,50,00,000 | 1.44% | ₹1,236.8 Cr | |
| 75,23,810 | 0.83% | ₹372.2 Cr | |
| 75,23,810 | 0.92% | ₹372.2 Cr | |
| 66,35,948 | 0.92% | ₹328.3 Cr | |
| 60,76,446 | 3.77% | ₹300.6 Cr | |
| 47,40,594 | 1.01% | ₹234.5 Cr | |
| 44,76,190 | 0.74% | ₹221.4 Cr | |
| 41,29,075 | 0.27% | ₹204.3 Cr | |
| 39,00,625 | 1.00% | ₹193.0 Cr | |
| 32,37,283 | 0.95% | ₹160.1 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.JSW Energy insider trading
- Others0 purchases, 58 salesNo purchase₹12 Cr2 mores with no value filedNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.−₹12 Crof the trades with a value1 pledge filing of unclear kind · 35 off-market moves
- Promoters and promoter group: no market trade · 62 pledge filings of unclear kind · 3 off-market moves
JSW Energy competitors and peers
Power Generation, 36 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to JSW Energy in market cap.Power stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 3,55,976 | 19.54 | 4.64 | +17.2% | +51.4% | 27.0% | 14.6% | 0.00% | |
| 2,94,536 | 10.61 | 1.45 | +2.4% | +15.9% | 14.3% | 8.1% | 2.96% | |
| 2,09,027 | 111.54 | 9.68 | +20.9% | −7.1% | 9.1% | 6.3% | 0.00% | |
| 74,775 | 19.70 | 1.80 | +12.0% | +24.1% | 9.4% | 3.6% | 2.16% | |
| 70,124 | 115.53 | 3.70 | – | – | 3.2% | 3.4% | 0.00% | |
| 31,608 | – | 1.47 | +16.8% | – | – | 6.8% | 1.69% | |
| 29,063 | 38.40 | 3.48 | +53.7% | – | 11.5% | 5.3% | 0.05% | |
| 20,018 | 31.32 | 1.41 | +60.5% | −7.4% | 4.5% | 5.1% | 2.94% |
Dividends
Per share, by the year it was paid for, and the latest payments.JSW Energy dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 5 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹2.00 |
| 6 Jun 2025 | Final | ₹2.00 |
| 31 May 2024 | Final | ₹2.00 |
| 2 Jun 2023 | Final | ₹2.00 |
| 30 May 2022 | Final | ₹2.00 |
| 27 Jul 2021 | Final | ₹2.00 |
Latest announcements
Routine notices left out.JSW Energy announcements
Oct 2026
28 Oct · Results
28 Oct · Results
24 Oct · General Updates
22 Oct · Analysts
JSW Energy share price by year
Each calendar year to 2025.JSW Energy share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 482.45 | −24.9% | 644.30 | 431.50 |
| 2024 | 642.65 | +57.1% | 792.05 | 408.95 |
| 2023 | 409.05 | +42.2% | 458.30 | 208.25 |
| 2022 | 287.60 | −4.3% | 359.80 | 195.50 |
| 2021 | 300.50 | +343.2% | 398.80 | 66.80 |
| 2020 | 67.80 | −2.2% | 71.20 | 39.15 |
| 2019 | 69.35 | +1.0% | 78.85 | 58.85 |
| 2018 | 68.65 | −25.7% | 95.60 | 58.65 |
| 2017 | 92.40 | +51.8% | 92.40 | 59.30 |
| 2016 | 60.85 | −28.5% | 86.65 | 54.30 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 451.70 | 471.35 | 451.50 | 469.65 | 465.31 | 30,40,946 | 48.2% |
| 26 Oct 2026 | 443.75 | 452.65 | 438.40 | 449.65 | 446.83 | 14,73,927 | 49.4% |
| 23 Oct 2026 | 463.90 | 464.95 | 440.15 | 448.55 | 446.56 | 23,19,052 | 51.5% |
| 22 Oct 2026 | 469.65 | 473.50 | 462.75 | 463.90 | 467.50 | 9,13,316 | 48.3% |
| 21 Oct 2026 | 482.20 | 485.00 | 468.30 | 474.95 | 473.47 | 8,91,417 | 41.4% |
| 19 Oct 2026 | 481.00 | 485.50 | 478.75 | 482.20 | 481.68 | 14,08,997 | 58.9% |
| 16 Oct 2026 | 481.30 | 488.65 | 475.15 | 482.60 | 484.75 | 11,96,212 | 49.6% |
| 15 Oct 2026 | 490.00 | 490.00 | 476.20 | 478.95 | 481.87 | 25,48,651 | 58.5% |
| 14 Oct 2026 | 461.15 | 490.50 | 460.55 | 490.30 | 482.65 | 80,47,027 | 37.7% |
Company details
- NSE symbol
- JSWENERGY
- BSE code
- 533148
- ISIN
- INE121E01018
- Industry
- Power
- Website
- www.jsw.in
- CIN
- L74999MH1994PLC077041
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1994
- Registered office
- JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments