JSW Energy Limited

BSE:533148 Stock Report

Market Cap: ₹967.6b

JSW Energy Future Growth

Future criteria checks 3/6

JSW Energy is forecast to grow earnings and revenue by 19.1% and 14.6% per annum respectively. EPS is expected to grow by 18% per annum. Return on equity is forecast to be 10.4% in 3 years.

Key information

19.1%

Earnings growth rate

18.02%

EPS growth rate

Renewable Energy earnings growth18.7%
Revenue growth rate14.6%
Future return on equity10.42%
Analyst coverage

Good

Last updated21 May 2026

Recent future growth updates

Recent updates

Narrative Update • May 10

533148: Upcoming Board Decisions On Results And Dividend Will Support Long-Term Expansion

Analysts have kept the JSW Energy price target steady at ₹700, with small adjustments to the assumed discount rate, revenue growth, profit margin, and future P/E refining their view rather than shifting it. What's in the News Board meeting scheduled for May 11, 2026 to review and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, which will give you the latest view on JSW Energy's reported performance (Key Developments).
Narrative Update • Apr 20

533148: Preferential Allotment And Board Actions Will Support Long-Term Expansion

Analysts have kept their price target on JSW Energy steady at ₹700, noting that only minor updates in inputs such as the discount rate, revenue growth assumptions and profit margin do not materially change their overall view on valuation. What's in the News JSW Energy plans a special or extraordinary shareholders meeting on March 25, 2026, via postal ballot in India to seek approval for the re appointment of Mr. Munesh Khanna as an Independent Director (company filing).
Narrative Update • Apr 05

533148: Preferential Allotment And Governance Actions Will Support Long-Term Expansion

Analysts have maintained their price target for JSW Energy at ₹700, pointing to largely unchanged fair value assumptions along with minor tweaks to the discount rate, revenue growth, profit margin and future P/E inputs. What's in the News JSW Energy plans a Special and Extraordinary Shareholders Meeting via postal ballot in India on March 25, 2026 to seek approval for the re appointment of Independent Director Mr. Munesh Khanna (Key Developments).
Narrative Update • Mar 22

533148: Preferential Allotment And Board Actions Will Support Long-Term Expansion

Analysts have maintained the JSW Energy price target at ₹700.00, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E that refine their view while leaving the headline number unchanged. What's in the News Board meeting on January 21, 2026 to consider and approve the allotment of equity shares and warrants on a preferential basis, along with other matters (company filing).
Narrative Update • Mar 07

533148: Fair Outlook Will Weigh Preferential Issue And Private Placement Warrants

Analysts have trimmed their price target on JSW Energy from ₹486 to ₹450, citing updated assumptions for revenue growth, profit margins, and a higher future P/E multiple. What's in the News Board meeting on January 21, 2026 to consider and approve allotment of equity shares and warrants on a preferential basis, along with other matters.
Narrative Update • Feb 21

533148: Preferential Equity Raise Will Support Alaknanda Acquisition Upside

Analysts now set their JSW Energy price target at about ₹568.75, up slightly from roughly ₹568.59. This reflects minor adjustments to their fair value model as they incorporate slightly higher discount rates, a modestly lower profit margin outlook, and a marginally higher future P/E assumption.
Narrative Update • Feb 07

533148: Preferential Equity Funding Will Support Alaknanda Acquisition Upside

Analysts have nudged their fair value estimate for JSW Energy from ₹598.44 to ₹568.59, citing adjusted assumptions for revenue growth, profit margins, the discount rate and the future P/E multiple. What's in the News On January 21, 2026, JSW Energy closed a private placement that increased paid up share capital from ₹17,477,684,510 (1,747,768,451 equity shares) to ₹18,049,113,070 (1,804,911,307 equity shares) (company event filing).
Narrative Update • Jan 23

533148: Fair Outlook Will Weigh Private Placement, Warrants And CFO Transition

Analysts have kept their fair value estimate for JSW Energy steady at ₹486, while slightly adjusting assumptions around the discount rate, revenue growth, profit margin, and future P/E. This has resulted in a largely unchanged overall price target narrative.
Narrative Update • Jan 09

533148: Fair Outlook Will Weigh Private Placement And Governance Changes

The analyst fair value estimate for JSW Energy has moved from ₹423.00 to ₹486.00 as analysts factor in updated assumptions for the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News JSW Energy has called a Special or Extraordinary Shareholders Meeting for January 3, 2026, at 11:00 Indian Standard Time to consider preferential issues of equity shares and convertible warrants on a private placement basis, additional equity issuance, and material related party transactions between JSW Thermal Energy Limited and Toshiba JSW Power Systems Private Limited.
Narrative Update • Dec 25

533148: Fundraising Plans Will Support Long-Term Expansion Despite Higher Discount Rate

Analysts have trimmed their fair value estimate for JSW Energy to ₹700 from ₹726, citing slightly softer expectations for revenue growth, profit margins, and future valuation multiples, along with a modestly higher discount rate. What's in the News Board meeting scheduled for October 17, 2025, to consider unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (Key Developments) Chief financial officer Pritesh Vinay has resigned and will remain in his role until December 31, 2025, to ensure an orderly transition (Key Developments) Board meeting on December 12, 2025, to consider proposals for raising funds via equity shares, warrants, convertible securities, or other modes, subject to regulatory approvals (Key Developments) JSW Energy announces a private placement to JTPM Metal Traders Limited involving new equity shares and warrants for aggregate proceeds of about INR 11.25 billion, subject to shareholder approval (Key Developments) Extraordinary shareholders meeting convened for January 3, 2026, at 11:00 Indian Standard Time to seek approval for the preferential issue and related fund raising (Key Developments) Valuation Changes The fair value estimate has been trimmed modestly from ₹726 to ₹700 per share, reflecting slightly softer assumptions on growth and profitability.
Narrative Update • Dec 11

533148: Future Funding Plan Will Drive Alaknanda Acquisition Upside

Analysts have nudged their price target for JSW Energy modestly higher to ₹598.44, reflecting slightly lower perceived risk from a reduced discount rate, while maintaining robust assumptions for revenue growth, profit margins, and future valuation multiples. What's in the News Board meeting scheduled for December 12, 2025, to consider raising funds via equity shares, warrants, convertible securities, or other instruments, using modes such as QIP, rights issue, or preferential allotment, subject to regulatory approvals (company filing) Chief financial officer Pritesh Vinay has resigned to pursue external opportunities and will remain in position until December 31, 2025, to ensure an orderly transition (company announcement) Board meeting set for October 17, 2025, to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing) Valuation Changes Fair Value: Unchanged at ₹598.44, indicating no revision to the intrinsic value estimate.
Narrative Update • Nov 27

533148: Future Acquisition Bid For Alaknanda Project Will Drive Momentum

Analysts have marginally raised their price target for JSW Energy from ₹594.38 to ₹598.44, citing revised forecasts for key financial metrics including cost of capital, projected growth, and profitability. What's in the News JSW Energy's chief financial officer, Pritesh Vinay, has resigned to pursue opportunities outside the group.
Narrative Update • Nov 12

533148: Future Acquisition Bid For Alaknanda Project Will Drive Market Interest

Analysts have marginally raised their price target on JSW Energy from ₹592.25 to ₹594.38. They cite slight improvements in projected revenue growth and a higher discount rate, which were only partially offset by a modestly reduced profit margin.
Narrative Update • Oct 29

Upcoming Hydro Project Acquisition And Earnings Review Will Influence Market Outlook

Analysts have slightly raised their price target for JSW Energy from ₹591.44 to ₹592.25, citing updated projections that balance lower revenue growth and profit margins with a marginally higher discount rate as well as a reduced expected future price-to-earnings ratio. What's in the News JSW Energy's Board of Directors will meet on October 17, 2025 to consider the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (source: Key Developments).
Narrative Update • Oct 15

Expanding Renewable Capacity And Storage Will Shape India's Future Markets

Narrative Update: Analyst Price Target for JSW Energy Sees Modest Increase Analysts have raised their price target for JSW Energy from ₹584.69 to ₹591.44, citing incremental improvements in projected revenue growth. These improvements are expected to offset a slightly higher discount rate and lower profit margin expectations.
Narrative Update • Sep 03

Expanding Renewable Capacity And Storage Will Shape India's Future Markets

With a slight decrease in JSW Energy's future P/E multiple and an essentially unchanged discount rate, consensus analyst fair value estimates have modestly declined from ₹602.35 to ₹584.69. What's in the News Board meeting scheduled to consider and approve unaudited standalone and consolidated financial results for the quarter ended 30th June, 2025.
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New Narrative • Nov 11

Green Energy Expansion Powers Future Growth And Profitability Potential

Increasing renewable energy capacity and energy storage projects likely to drive JSW Energy's revenue growth and improve operational efficiency.

Earnings and Revenue Growth Forecasts

BSE:533148 - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2029295,21842,249-45,256166,1556
3/31/2028262,84132,285-88,807148,92218
3/31/2027230,98525,361-107,921124,84019
3/31/2026189,01122,393-14,64298,983N/A
12/31/2025175,91922,758N/AN/AN/A
9/30/2025159,49120,237-21,14572,594N/A
6/30/2025140,09321,723N/AN/AN/A
3/31/2025117,45419,509-30,08838,385N/A
12/31/2024113,11918,942N/AN/AN/A
9/30/2024114,15819,577-26,01447,283N/A
6/30/2024114,37519,546N/AN/AN/A
3/31/2024114,85917,227-17,99162,336N/A
12/31/2023114,00016,434-34,83940,583N/A
9/30/2023111,05315,917-34,23837,072N/A
6/30/2023102,33412,072N/AN/AN/A
3/31/2023103,31814,778-32,01120,843N/A
12/31/2022101,20520,701N/AN/AN/A
9/30/202297,65922,144-55035,808N/A
6/30/202294,65920,880N/AN/AN/A
3/31/202281,67217,2866,58029,520N/A
12/31/202172,7829,709N/AN/AN/A
9/30/202169,9357,70520,78231,279N/A
6/30/202168,4467,834N/AN/AN/A
3/31/202169,2227,95532,64436,999N/A
12/31/202071,4607,973N/AN/AN/A
9/30/202074,85710,67926,95928,689N/A
6/30/202076,65710,688N/AN/AN/A
3/31/202082,72710,99919,64020,855N/A
12/31/201984,0399,954N/AN/AN/A
9/30/201988,7707,474N/A24,499N/A
6/30/201991,8927,103N/AN/AN/A
3/31/201991,3766,951N/A24,913N/A
12/31/201889,8812,082N/AN/AN/A
9/30/201885,5961,089N/AN/AN/A
6/30/201881,779899N/AN/AN/A
3/31/201880,490780N/A39,338N/A
12/31/201781,3605,848N/AN/AN/A
9/30/201780,4715,593N/AN/AN/A
6/30/201780,4504,798N/AN/AN/A
3/31/201782,6346,290N/A38,526N/A
12/31/201691,7658,490N/AN/AN/A
9/30/201698,67111,368N/AN/AN/A
6/30/2016103,22014,532N/AN/AN/A
3/31/201698,24514,474N/A35,376N/A
12/31/201594,67414,153N/AN/AN/A
9/30/201592,03014,748N/AN/AN/A
6/30/201589,28013,015N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 533148's forecast earnings growth (19.1% per year) is above the savings rate (6.9%).

Earnings vs Market: 533148's earnings (19.1% per year) are forecast to grow faster than the Indian market (16.3% per year).

High Growth Earnings: 533148's earnings are forecast to grow, but not significantly.

Revenue vs Market: 533148's revenue (14.6% per year) is forecast to grow faster than the Indian market (10.8% per year).

High Growth Revenue: 533148's revenue (14.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 533148's Return on Equity is forecast to be low in 3 years time (10.4%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/22 08:20
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

JSW Energy Limited is covered by 46 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rajesh Majumdar360 ONE Capital Market Private Limited
null null360 ONE Capital Market Private Limited
Satyadeep JainAmbit Capital