JSW Energy Ltd (NSE: JSWENERGY) share prices: Even though share of JSW Energy, a company in the energy sector, was under pressure in the last trading session, brokerages are confident about its future.
Expert Said “Buy Fast”; Share Can Touch ₹538; Quarterly Profit Increased 28%
A renowned Financial Institutional Securities Limited, a brokerage firm, expects that the stock will continue to rise.
This brokerage has assigned a buy rating to the stock. The brokerage is recommending to buy the stock. The company recently released its December results.
What Is The Condition Of The Stock?
JSW Energy share closed at Rs 487.25 on the last trading day of the previous seven-day period.
This share reached a trading low of Rs 481.50. Due to Republic Day, the stock market was closed on Friday.
According to the brokerage, the share could reach Rs 538. The share price reached Rs 518.65 on January 23, 2024. This is the 52-week stock high.
Company’s Quarterly Results
The company recently released its results for the December quarter. JSW Energy’s net profit increased by 28 percent to Rs 231 crore in the December quarter.
Profits increased due to a rise in revenue. A year ago, during the same quarter in 2022-23, the company made Rs 180 crore.
Total revenue for the company increased by 13 percent to Rs 2,661 crore in the quarter ending December 2023, from Rs 2,350 crore in the same period a year earlier.
According to Sajjan Jindal’s company, an additional 2.6 GW of capacity the installed operational capacity is 7.19 GWis under construction.
JSW Energy’s total capacity will be 9.79 GW by 2024. JSW Energy’s net generation increased by 43 percent on an annual basis to 6.1 billion Units (BUs).
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. The company’s total operating revenue is Rs 5739.23 Crores.
The equity capital of the company is Rs 1640.54 Crores.
Fundamental Analysis of JSW Energy Ltd
| Market Cap | ₹ 80,203 Cr. |
| Current Price | ₹ 488.50 |
| 52-wk High | ₹ 516.20 |
| 52-wk Low | ₹ 204.65 |
| Stock P/E | 48.87 |
| Book Value | ₹ 121 |
| Dividend | 0.41 % |
| ROCE | 7.28 % |
| ROE | 7.22 % |
| Face Value | ₹ 10.0 |
| P/B Value | 4.03 |
| 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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