Company Valuation: JSW Energy Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 144,443 491,264 394,824 867,994 938,378 841,008 - -
Change - 240.11% -19.63% 119.84% 8.11% -10.38% - -
Enterprise Value (EV) 1 202,891 555,426 616,624 1,141,657 1,393,278 1,519,281 1,603,167 1,747,214
Change - 173.76% 11.02% 85.15% 22.04% 9.04% 5.52% 8.99%
P/E ratio 18.2x 28.5x 26.8x 50.5x 48.1x 30.8x 29x 22.4x
PBR 1x 2.81x 2.13x 4.18x 3.43x 2.74x 2.5x 2.27x
PEG - 0x -1.9x 3.1x 7.09x 0.8x 4.76x 0.8x
Capitalization / Revenue 2.09x 6.02x 3.82x 7.56x 7.99x 4x 3.46x 3.05x
EV / Revenue 2.93x 6.8x 5.97x 9.94x 11.9x 7.22x 6.6x 6.34x
EV / EBITDA 6.98x 18.7x 18x 21.1x 26.7x 14.2x 12.3x 11x
EV / EBIT 11.7x 30.1x 27.4x 30.3x 39.1x 20.2x 17.2x 15.2x
EV / FCF 6.22x 84.4x -28.7x -63.5x -48.5x -7.62x -16x -14.3x
FCF Yield 16.1% 1.18% -3.49% -1.58% -2.06% -13.1% -6.25% -7.01%
Dividend per Share 2 2 2 2 2 2 2.418 2.668 3.079
Rate of return 2.27% 0.67% 0.83% 0.38% 0.37% 0.51% 0.56% 0.64%
EPS 2 4.84 10.5 8.99 10.47 11.18 15.54 16.49 21.34
Distribution rate 41.3% 19% 22.2% 19.1% 17.9% 15.6% 16.2% 14.4%
Net sales 1 69,222 81,672 103,318 114,859 117,454 210,491 242,974 275,767
EBITDA 1 29,066 29,733 34,211 53,983 52,208 106,890 130,173 158,764
EBIT 1 17,396 18,423 22,519 37,649 35,662 75,133 93,130 114,589
Net income 1 7,955 17,286 14,778 17,227 19,509 24,779 28,160 35,903
Net Debt 1 58,448 64,161 221,800 273,664 454,900 678,273 762,159 906,206
Reference price 2 87.95 298.90 240.70 528.90 537.70 478.90 478.90 478.90
Nbr of stocks (in thousands) 1,642,329 1,643,574 1,640,315 1,641,130 1,745,170 1,756,124 - -
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.($)
30.81x7.22x14.21x0.5% 9.16B
6.77x1.71x6.81x7.32% 15.64B
10.21x1.33x5.95x3.9% 10.68B
13.9x - - 3.58% 5.93B
122x - - -.--% 5.79B
10.67x2.7x11.19x5.38% 5.36B
9.4x - - - 5.29B
42.76x4.53x15.48x1.94% 4.56B
8.99x - - - 4.48B
Average 28.39x 3.50x 10.73x 3.23% 7.43B
Weighted average by Cap. 24.35x 3.13x 9.49x 3.84%

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

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