JSW Energy Ltd (NSE: JSWENERGY) of Sajjan Jindal Group has made a big deal for the electric vehicle project. The group will invest Rs 40,000 crore in Odisha.
Under this, an electric vehicle project will be set up. For this, JSW Group has signed an MoU with the state government
What Is The Whole Plan
Following the details supplied by JSW Group, JSW Group will set up an electric vehicle (EV) and manufacturing facility for components within the Cuttack district. Cuttack district.
In addition, the copper smelter, and a lithium refinery, are set to be constructed in Paradip in the Jagatsinghpur district.
This MoU was signed just two days after the cabinet approved a specific incentive package for both projects.
Stock Performance
Shares of JSW Group’s energy company JSW Energy is under pressure. However, experts seem confident about this.
Last trading day that is on Monday the share price was at Rs 495. While at the same time, the 52-week high of the share is 521.65.
If we talk about expert estimates then the share price may cross Rs 550 in the coming days. Brokerage firm expects the stock to rise further.
December Quarter Results
There has been a jump in the profit of JSW Energy in the December quarter of the current financial year.
Net profit for the business has increased by 28 percent, to 231 crore. In the same period a year prior, the profits were around 180 crore.
The total revenue was up 13 percent, to Rs 2,661 crore during the quarter, compared to 2,350 crore in the previous period a year earlier.
About JSW Energy Ltd
JSW Energy Limited, a power company based in India, is a large energy provider. Its power assets are thermal and renewable.
Thermal segment: production of electricity from coal, lignite, oil, and gas from owned plants and related services.
Renewables segment: Production of electricity using renewable sources like hydro, wind, and solar.
Vijaynagar is one of its plants. Others are Baspa, Barmer Karcham Wangtoo and Ratnagiri.
These plants are located in Karnataka Nandyal Maharashtra and Salboni.
Fundamental Analysis of JSW Energy Ltd
| Market Cap | ₹81773 Cr. |
| Current Price | ₹ 495.45 |
| 52-wk High | ₹ 521.65 |
| 52-wk Low | ₹ 204.65 |
| Stock P/E | 49.56 |
| Book Value | ₹ 121 |
| Dividend | 0.40 % |
| ROCE | 7.28 % |
| ROE | 7.22 % |
| Face Value | ₹ 10.0 |
| P/B Value | 4.14 |
| OPM | 43.4 % |
| EPS | ₹ 9.99 |
| Debt | ₹ 27,783 Cr. |
| Debt to Equity | 1.40 |
JSW Energy Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹500 | ₹543 |
| 2025 | ₹564 | ₹590 |
| 2026 | ₹622 | ₹654 |
| 2027 | ₹698 | ₹765 |
| 2028 | ₹770 | ₹800 |
| 2029 | ₹835 | ₹865 |
| 2030 | ₹900 | ₹932 |
JSW Energy Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 74.66% |
| Mar 2023 | 74.66% |
| June 2023 | 74.66% |
| Sept 2023 | 73.39% |
| Dec 2023 | 73.39% |
| FII Holding | |
| Dec 2022 | 5.14% |
| Mar 2023 | 5.18% |
| June 2023 | 5.18% |
| Sept 2023 | 8.38% |
| Dec 2023 | 8.50% |
| DII Holding | |
| Dec 2022 | 10.08% |
| Mar 2023 | 10.06% |
| June 2023 | 9.59% |
| Sept 2023 | 9.69% |
| Dec 2023 | 9.36% |
| Public Holding | |
| Dec 2022 | 9.86% |
| Mar 2023 | 9.84% |
| June 2023 | 10.33% |
| Sept 2023 | 8.33% |
| Dec 2023 | 8.53% |
| Others Holding | |
| Dec 2022 | 0.27% |
| Mar 2023 | 0.25% |
| June 2023 | 0.25% |
| Sept 2023 | 0.22% |
| Dec 2023 | 0.21% |
JSW Energy Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 9,138 Cr |
| 2020 | ₹ 8,273 Cr |
| 2021 | ₹ 6,922 Cr |
| 2022 | ₹ 8,167 Cr |
| 2023 | ₹ 11,400 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 684 Cr |
| 2020 | ₹ 1,081 Cr |
| 2021 | ₹ 823 Cr |
| 2022 | ₹ 1,743 Cr |
| 2023 | ₹ 1,661 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.78 |
| 2020 | 0.71 |
| 2021 | 0.5 |
| 2022 | 0.51 |
| 2023 | 1.33 |
Last 10 Years’ Profit Growth:
| 10 Years: | 2% |
| 5 Years: | 98% |
| 3 Years: | 9% |
| Current Year: | -16% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Last Year: | 7% |
Sales Growth Over 10 Years:
| 10 Years: | 2% |
| 5 Years: | 5% |
| 3 Years: | 8% |
| Current Year: | 13% |
Conclusion
This article is a complete guide about JSW Energy Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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