JSW Holdings share price
NSE: JSWHLBSE: 532642FinanceSmall Cap
JSW Holdings Limited · Formerly Jindal South West Holdings · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jun 2005
Last close ₹10,901.00down ₹431.00 (3.80%)BSE ₹10,867.95
Share price at the NSE close on 30 Oct 2026. Previous close ₹11,332.00.
30 Oct: open ₹11,648.00, high ₹11,788.00, low ₹10,666.00
52-week range of traded prices to 30 Oct 2026
₹10,530.00Low, 24 Jul 2026₹22,790.00High, 3 Dec 2025
- 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
- ₹12,100 Cr398th 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
- 60.17
- 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
- 0.34
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- 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.
- 0.6%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Net interest margin in the glossary
- 0.33%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Credit cost in the glossary
- 0.00%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. Return on assets in the glossary
- 0.40%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Assets per rupee of net worth in the glossary
- 1.13times net worth
- 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
- 9,60237.0% delivered
About JSW Holdings
JSW Holdings Limited is a core investment company (one that holds its assets mainly in its own group's companies) that invests in JSW Group companies' shares, lends to them and pledges shares it holds as security for them.1 Its corporate office is in Mumbai, and it is part of the O.P. Jindal Group.12 Its prospects depend largely on JSW Steel Limited, whose shares it holds, and on the steel industry.3
Because it does not raise public funds, it does not need to register with the Reserve Bank of India and is termed an unregistered core investment company; it holds at least 90% of its investments and loans in group companies.4 It has no subsidiaries; its associate companies are Sun Investments Private Limited, a non-banking finance company registered with the Reserve Bank of India, and Jindal Coated Steel Private Limited, formed to trade in and make steel products.53 It was incorporated in 2001, has its registered office at Vasind in Thane district, Maharashtra, and is listed on BSE and the National Stock Exchange of India.1 It had 3 employees at the end of March 2026 and no borrowings from any lender.67
JSW Holdings key points
Results
- In the year to Mar 2026, consolidated total revenue was ₹17,945.23 lakh and consolidated profit after tax was ₹14,664.97 lakh, including a ₹2,505.91 lakh share of profit from associate companies.8
- On a standalone basis, profit before interest, depreciation and tax (earnings before those costs) was ₹16,542.46 lakh and net profit was ₹12,159.05 lakh in the year to Mar 2026.9
- Return on net worth (profit as a share of shareholders' funds) fell to 0.39% in the year to Mar 2026 from 0.64% a year earlier, which the company attributes to lower profit after tax.10
- The board did not recommend a dividend for the year to Mar 2026.11
Holdings in group companies
- At the end of March 2026, the company held 7.42% of the equity share capital of JSW Steel Limited, with a market value of more than ₹20,000 crore.12
- Stakes in associate companies1314At the end of March 2026, Sun Investments' net worth was ₹1,04,918.41 lakh and Jindal Coated Steel's ₹7,958.80 lakh.
Item year to Mar 2026 Sun Investments Private Limited 43.37% Jindal Coated Steel Private Limited 49.95%
Revenue mix
- Consolidated total revenue by source15
Item year to Mar 2026 Interest ₹11,971.03 lakh Dividend ₹5,193.76 lakh Management advisory services fees ₹496.08 lakh Pledge fees ₹181.11 lakh Gain on fair value changes ₹103.25 lakh
Loan book and deposits
- Loans to group companies stood at ₹1,34,166.85 lakh at the end of March 2026, against ₹1,19,046.50 lakh a year earlier.16
- Loans to group companies by borrower, end of March 202617
Item year to Mar 2026 Adarsh Advisory Services Pvt. Ltd ₹43,511.60 lakh JSW Investments Pvt. Ltd. ₹31,045.25 lakh JSW Projects Ltd. ₹25,500.00 lakh Everbest Consultancy Services Pvt. Ltd. ₹17,810.00 lakh South West Mining Ltd ₹16,300.00 lakh
What the company expects
- The company said in its annual report of 15 Jul 2026 that it proposes to lend up to ₹2,000 crore to group companies until its next annual general meeting. It was put to shareholders on 6 Aug 2026; the company's documents give no outcome.1819
- The company said the proposed loans would be unsecured and repayable on demand, at the government securities rate plus a spread of 2% to 4%.20
- The company said in its annual report of 15 Jul 2026 that it proposes to pledge up to 10 crore JSW Steel Limited shares as security for group companies, for a pledge fee of 0.5% a year of their market value.2122
Recent events
- On 7 May 2026, NSE Sustainability Ratings and Analytics, a SEBI-registered ESG (environmental, social and governance) rating provider, assigned the company an ESG score of 60 for 2025, without being engaged by the company.23
- On 25 Nov 2025, SES ESG Research, also a SEBI-registered ESG rating provider, assigned the company an ESG score of 69.6 for 2025.24
Litigation and regulatory matters
- As of its annual report of 15 Jul 2026, the company was disputing income tax for assessment years from 2008-09 to 2020-21, with the earliest year before the Bombay High Court and the rest before the Commissioner of Income Tax (Appeal).25
Last updated
All 25 sources, each with its page
- 1. Annual report, 15 Jul 2026, page 41
- 2. Annual report, 15 Jul 2026, page 1
- 3. Annual report, 15 Jul 2026, page 26
- 4. Annual report, 15 Jul 2026, page 37
- 5. Annual report, 15 Jul 2026, page 25
- 6. Annual report, 15 Jul 2026, page 39
- 7. Annual report, 15 Jul 2026, page 82
- 8. Annual report, 15 Jul 2026, page 37
- 9. Annual report, 15 Jul 2026, page 37
- 10. Annual report, 15 Jul 2026, page 37
- 11. Annual report, 15 Jul 2026, page 25
- 12. Annual report, 15 Jul 2026, page 37
- 13. Annual report, 15 Jul 2026, page 42
- 14. Annual report, 15 Jul 2026, page 26
- 15. Annual report, 15 Jul 2026, page 37
- 16. Annual report, 15 Jul 2026, page 28
- 17. Annual report, 15 Jul 2026, page 28
- 18. Annual report, 15 Jul 2026, page 17
- 19. Annual report, 15 Jul 2026, page 6
- 20. Annual report, 15 Jul 2026, page 21
- 21. Annual report, 15 Jul 2026, page 22
- 22. Annual report, 15 Jul 2026, page 23
- 23. Exchange filing, 7 May 2026, page 1
- 24. Exchange filing, 26 Nov 2025, page 1
- 25. Annual report, 15 Jul 2026, page 82
Results
Consolidated; ₹ crore. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.JSW Holdings quarterly results
- Income from operations growth, 12 monthsIncome from operations 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.
- +54.9%
- 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.
- +61.4%
Quarter to Sep 2026, against the quarter before
- Income from operationsIncome from operations. The pill is the change in income from operations against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹167 Crup 381.68%
- 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
- ₹131 Crup 433.44%
Income from operations by quarter
Peak income from operations ₹167 Cr, quarter to Sep 2026; lowest ₹29 Cr, quarter to Dec 2024
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 |
|---|---|---|---|---|---|---|---|---|
| Income from operations | 29 | 29 | 30 | 84 | 33 | 33 | 35 | 167 |
| Net profit | 14 | 10 | 34 | 67 | 32 | 14 | 25 | 131 |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- Income from operationsIncome from operations. The pill is the change in income from operations against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹179 Crdown 27.67%
- 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.
- ₹147 Crdown 25.11%
Income from operations by year
Peak income from operations ₹407 Cr, year to Mar 2023; lowest ₹63 Cr, year to Mar 2017
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income from operations | 63 | 89 | 107 | 121 | 93 | 186 | 407 | 170 | 248 | 179 |
| Net profit | 48 | 69 | 100 | 106 | 75 | 152 | 331 | 156 | 196 | 147 |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Investing & Financing, which carries all its revenue.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.JSW Holdings PE ratio and valuation
Price to earnings
At or below today's level on 78% of 2,253 trading days over the last 10 years.
LowestHighest
Its median34.60Industry median20.60
Price to book
At or below today's level on 46% of 1,780 trading days since Jul 2019.
LowestHighest
Its median0.36Industry median0.68
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 | −50.8% | −25.1% | −34.3% | 0.0% |
| 3 years | +43.3% | −23.8% | +88.1% | 0.0% |
| 5 years | +24.0% | +14.2% | +8.6% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
5 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 2 of the 3 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.
- AddedAdded. Funds that held more shares than at the end of the month before.
- 2
- CutCut. Funds that held fewer shares than at the end of the month before.
- 1
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 2
| Fund | |||
|---|---|---|---|
 Bajaj Finserv Small Cap FundBajaj Finserv Mutual Fund | 17,475 | 0.72% | ₹19.8 Cr |
 ICICI Prudential BSE 500 ETFICICI Prudential Mutual Fund | 69 | 0.02% | ₹0.08 Cr |
 HDFC BSE 500 ETFHDFC Mutual Fund | 62 | 0.04% | ₹0.07 Cr |
| HDFC BSE 500 Index FundHDFC Mutual Fund | 61 | 0.02% | ₹0.07 Cr |
 Motilal Oswal BSE 1000 Index FundMotilal Oswal Mutual Fund | 11 | 0.02% | ₹0.01 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 31 Oct 2025.JSW Holdings insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
JSW Holdings competitors and peers
Investment Company, 73 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to JSW Holdings in market cap. 4 companies in the table last traded before then: their rows are priced on their last trade.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
 Tata Investment CorporationTATAINVEST | 28,475 | 66.08 | 0.97 | +31.0% | +31.6% | 1.4% | 1.2% | – | – | 0.60% |
 Cholamandalam Financial HoldingsCHOLAHLDNG | 25,374 | 9.51 | 1.64 | +17.8% | +21.1% | 19.1% | – | 2.23% | 6.78% | 0.10% |
 TVS HoldingsTVSHLTD | 24,671 | 11.41 | 3.68 | +34.8% | +49.4% | 35.4% | 15.5% | – | – | 0.71% |
 Maharashtra ScootersMAHSCOOTER | 13,274 | 43.56 | 0.41 | +0.8% | −14.7% | 0.9% | 1.0% | – | – | 1.89% |
 TSF INVESTMENTSTSFINV | 8,829 | 18.13 | 1.46 | +282.6% | +6.1% | 8.4% | 3.3% | – | – | 2.81% |
 Religare EnterprisesRELIGARE | 7,320 | 147.73 | 2.52 | +19.1% | −57.8% | 1.8% | 0.2% | – | – | 0.00% |
 Pilani Investment and Industries CorporationPILANIINVS | 4,287 | – | 0.27 | −14.6% | −119.7% | −0.1% | – | 0.16% | 0.20% | 0.23% |
 Nalwa Sons InvestmentsNSIL | 2,540 | 45.86 | 0.17 | −19.8% | +27.8% | 0.3% | 0.5% | – | – | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer; for NIM and ROA, where the company does not file a lender's accounts or has no recent year with a balance sheet at its start and its end. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.
Latest announcements
Routine notices left out.JSW Holdings announcements
Oct 2026
29 Oct · Results
16 Oct · Board meeting
9 Oct · Legal
The exchange asked on 9 Oct 2026
1 Oct · Legal
The exchange asked on 30 Sep 2026
Sep 2026
16 Sep · Legal
The exchange asked on 15 Sep 2026
Aug 2026
JSW Holdings share price by year
Each calendar year to 2025.JSW Holdings share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 20,280.00 | +32.1% | 26,420.00 | 14,625.70 |
| 2024 | 15,346.50 | +198.4% | 19,420.20 | 4,995.45 |
| 2023 | 5,142.65 | +18.1% | 5,285.55 | 3,693.25 |
| 2022 | 4,356.30 | +5.1% | 4,782.25 | 2,892.95 |
| 2021 | 4,146.10 | +7.6% | 5,883.65 | 3,452.40 |
| 2020 | 3,851.65 | +75.9% | 4,126.25 | 1,351.60 |
| 2019 | 2,189.15 | −5.1% | 3,014.85 | 2,137.95 |
| 2018 | 2,305.60 | +29.2% | 2,494.15 | 1,626.20 |
| 2017 | 1,784.85 | +32.7% | 1,972.70 | 1,358.70 |
| 2016 | 1,345.15 | +37.8% | 1,425.10 | 961.80 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 11,212.00 | 12,370.00 | 11,100.00 | 11,332.00 | 11,620.07 | 34,998 | 14.5% |
| 28 Oct 2026 | 11,340.00 | 11,368.00 | 11,100.00 | 11,212.00 | 11,202.71 | 1,440 | 40.6% |
| 27 Oct 2026 | 11,400.00 | 11,401.00 | 11,202.00 | 11,264.00 | 11,287.98 | 813 | 36.2% |
| 26 Oct 2026 | 11,150.00 | 11,761.00 | 10,990.00 | 11,295.00 | 11,245.42 | 7,974 | 76.5% |
| 23 Oct 2026 | 11,204.00 | 11,350.00 | 10,943.00 | 11,258.00 | 11,117.49 | 2,603 | 55.1% |
| 22 Oct 2026 | 11,135.00 | 12,000.00 | 11,100.00 | 11,344.00 | 11,257.91 | 1,495 | 57.0% |
| 21 Oct 2026 | 11,270.00 | 11,369.00 | 11,234.00 | 11,297.00 | 11,285.31 | 2,363 | 54.7% |
| 19 Oct 2026 | 11,349.00 | 11,387.00 | 11,250.00 | 11,273.00 | 11,286.68 | 1,269 | 72.3% |
| 16 Oct 2026 | 11,166.00 | 11,397.00 | 11,166.00 | 11,316.00 | 11,317.02 | 935 | 54.1% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- JSWHL
- BSE code
- 532642
- ISIN
- INE824G01012
- Industry
- Finance
- Former symbols
- JINDALSWHL
- Website
- www.jsw.in
- CIN
- L67120MH2001PLC217751
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2001
- Registered office
- Village Vasind, Taluka Shahapur, District Thane, 421604, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments