JSW Energy Ltd : 40,000 Cr Electric Vehicle Deal With Govt; Expert Confident, ₹550 Share Target

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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
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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%
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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
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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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