Company Valuation: JSW Energy Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,44,443 4,91,264 3,94,824 8,67,994 9,38,378 10,02,835 - -
Change - 240.11% -19.63% 119.84% 8.11% 6.87% - -
Enterprise Value (EV) 1 2,02,891 5,55,426 6,16,624 11,41,657 13,93,278 16,90,592 17,72,572 19,08,407
Change - 173.76% 11.02% 85.15% 22.04% 21.34% 4.85% 7.66%
P/E ratio 18.2x 28.5x 26.8x 50.5x 48.1x 37.3x 34.8x 27.4x
PBR 1x 2.81x 2.13x 4.18x 3.43x 3.26x 2.97x 2.7x
PEG - 0x -1.9x 3.1x 7.09x 1x 4.98x 1x
Capitalization / Revenue 2.09x 6.02x 3.82x 7.56x 7.99x 4.82x 4.17x 3.69x
EV / Revenue 2.93x 6.8x 5.97x 9.94x 11.9x 8.13x 7.38x 7.02x
EV / EBITDA 6.98x 18.7x 18x 21.1x 26.7x 15.9x 13.6x 12.1x
EV / EBIT 11.7x 30.1x 27.4x 30.3x 39.1x 22.7x 19.2x 16.9x
EV / FCF 6.22x 84.4x -28.7x -63.5x -48.5x -8.99x -17.7x -19.2x
FCF Yield 16.1% 1.18% -3.49% -1.58% -2.06% -11.1% -5.65% -5.19%
Dividend per Share 2 2 2 2 2 2 2.387 2.613 2.975
Rate of return 2.27% 0.67% 0.83% 0.38% 0.37% 0.42% 0.46% 0.52%
EPS 2 4.84 10.5 8.99 10.47 11.18 15.32 16.39 20.82
Distribution rate 41.3% 19% 22.2% 19.1% 17.9% 15.6% 15.9% 14.3%
Net sales 1 69,222 81,672 1,03,318 1,14,859 1,17,454 2,08,026 2,40,310 2,71,938
EBITDA 1 29,066 29,733 34,211 53,983 52,208 1,06,545 1,30,539 1,58,221
EBIT 1 17,396 18,423 22,519 37,649 35,662 74,584 92,549 1,13,224
Net income 1 7,955 17,286 14,778 17,227 19,509 24,341 28,084 35,228
Net Debt 1 58,448 64,161 2,21,800 2,73,664 4,54,900 6,87,757 7,69,737 9,05,572
Reference price 2 87.95 298.90 240.70 528.90 537.70 571.05 571.05 571.05
Nbr of stocks (in thousands) 16,42,329 16,43,574 16,40,315 16,41,130 17,45,170 17,56,124 - -
Announcement Date 25/06/21 03/05/22 23/05/23 07/05/24 15/05/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.27x8.13x15.87x0.42% 1.06TCr
10.31x1.96x7.81x5.1% 1.57TCr
13.32x1.4x7.35x3.81% 1.16TCr
12.94x - - - 635.25Cr
52x - - 0.55% 583.81Cr
10.83x2.24x10.2x4.53% 535.88Cr
9.33x - - - 505.01Cr
42.73x4.53x15.47x1.95% 465.01Cr
Average 23.59x 3.65x 11.34x 2.72% 813.92Cr
Weighted average by Cap. 21.52x 3.47x 10.50x 3.07%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Equities
  3. 533148 Stock
  4. Valuation JSW Energy Limited