MarketFriction

JSW Holdings Ltd

NSE JSWHL · BSE 532642 · Investment Company
₹11,258.00 -0.78%
NSE close2026-10-01
52 week range10,530.00 - 22,790.00
Market cap₹12,210 Cr.
P/E97.6
Price band 20% Delivery 54.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8927272716229293084333335
Expenses333343444436
Operating Profit8625242415826262680293029
OPM %97%90%87%88%98%89%87%88%96%89%91%84%
Other Income000000000-300
Interest000000000000
Depreciation000000000000
Profit before tax8625242415826262680263029
Tax %26%26%18%25%25%25%26%25%25%26%25%26%
Net Profit6418191811819192060202321
EPS in Rs57.4716.4217.5016.17106.5517.4817.1817.7253.7017.6820.4419.34
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales50638910712193186407170248179184
Expenses4455656612141416
Operating Profit47598410211588180401157234165168
OPM %93%94%95%95%95%95%97%99%93%94%92%91%
Other Income0000000000-2-2
Interest000000000000
Depreciation000000000000
Profit before tax47598410211588180401157234163166
Tax %22%20%19%14%10%25%25%25%25%25%25%
Net Profit3747688810466135300119175122123
EPS in Rs32.9842.6961.2579.1293.7559.20121.27269.93106.90157.39109.54111.16
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%14%-24%-27%
Compounded Profit Growth13%13%-26%-29%
Stock Price CAGR25%18%30%-33%
Return on Equity1%1%1%0%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111111111111111111
Reserves7507868348,1038,1687,05212,49619,66018,98224,46330,44131,970
Borrowings000000000000
Other Liabilities2227437186001,4432,8022,6293,8163,9554,191
Total Liabilities7637998478,8588,8977,66313,95022,47321,62228,29034,40736,172
Fixed Assets000000000000
CWIP000000000000
Investments5335435178,5028,5117,23013,45121,83620,68527,23133,18734,819
Other Assets2292563303563874334996379381,0601,2201,353
Total Assets7637998478,8588,8977,66313,95022,47321,62228,29034,40736,172
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity373632668910367130298115169140
Cash from Investing Activity-38-25-43-58-87-108-72-131-298-112-170-140
Cash from Financing Activity00000000000-1
Net Cash Flow-111-1182-4-5-113-1-1
Free Cash Flow373632668910367130298115169140
CFO/OP101%98%74%98%101%100%102%98%100%98%98%110%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days221316831062404
Inventory Days
Days Payable
Cash Conversion Cycle221316831062404
Working Capital Days1,2244547448363542321437-3-6
ROCE %6%6%7%2%1%2%1%1%2%1%1%1%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters66.28%66.28%66.28%66.28%66.28%66.28%66.28%66.28%66.28%66.28%66.28%66.28%
FIIs22.37%22.38%21.42%21.51%21.71%22.28%22.63%22.61%22.64%22.88%22.65%22.28%
DIIs0.04%0.04%0.09%0.11%0.11%0.11%0.21%0.31%0.26%0.12%0.09%0.18%
Public11.27%11.28%12.18%12.09%11.89%11.32%10.86%10.79%10.80%10.70%10.97%11.24%
Others0.02%0.01%0.02%0.02%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
No. of Shareholders19,67720,11621,67321,87021,93124,72622,55023,90824,75423,92825,92928,192

Fundamentals

Market Cap₹ 12,210 Cr.
Current Price₹ 11,000
Stock P/E97.6
Book Value₹ 28,812
ROCE0.53 %
ROE0.40 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-27%
Compounded Profit Growth (TTM)-29%
Standalone figures.
Valuation
Market capRs 12,496 Cr
Enterprise valueRs 12,493 Cr
P/E (TTM)101.27x
Price to book0.39x
Price to sales67.93x
EV / EBITDA75.39x
EV / EBIT75.40x
EV / sales67.92x
Price to cash flow89.37x
Earnings yield0.99%
P/E, 3-year average105.56x
P/B, 3-year average0.52x
P/E, 5-year average72.94x
P/B, 5-year average0.40x
Profitability
Operating margin (excl. other income)92.18%
Operating margin (incl. other income)90.82%
EBITDA margin90.08%
Pre-tax margin90.08%
Net profit margin67.08%
Net margin, latest quarter62.09%
ROE0.39%
ROCE0.52%
ROA0.34%
ROE, 3-year average0.52%
ROCE, 3-year average0.70%
ROA, 3-year average0.46%
ROE, 5-year average0.79%
ROCE, 5-year average1.06%
ROA, 5-year average0.70%
ROIC (approx.)0.39%
Tax rate25.39%
Other income / net worth-0.01%
Growth
Sales growth (latest year)-27.67%
Profit growth (latest year)-30.40%
Sales CAGR, 3 years-23.87%
Sales CAGR, 5 years14.10%
Profit CAGR, 3 years-25.96%
Profit CAGR, 5 years13.10%
Sales growth QoQ4.35%
Profit growth QoQ-5.38%
Sales growth YoY (latest quarter)15.00%
Profit growth YoY (latest quarter)9.15%
Per share
EPS (TTM)Rs 111.17
EPS (latest year)Rs 109.54
EPS (latest quarter)Rs 19.34
EPS, 3-year averageRs 124.62
EPS, 5-year averageRs 153.03
Book value per shareRs 28,812.35
Sales per shareRs 165.73
Cash flow per shareRs 125.97
Free cash flow per shareRs 126.13
Efficiency
Asset turnover0.01x
Fixed asset turnover17945.00x
Debtor days4 days
Debtors turnover98.06x
Cash conversion cycle4 days
Working capital days-6 days
Leverage
Cash and bankRs 3 Cr
Net debtRs -3 Cr
Net debt / EBITDA-0.02x
Owners' fund to total sources88.41%
Cash flow
Cash from Operating Activity (latest year)Rs 140 Cr
Cash from Investing Activity (latest year)Rs -140 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs 140 Cr
Cash from ops / profit, 5 years1.00x
Sales to cash flow1.28x
Statement figures
Net sales (TTM)Rs 184 Cr
Net sales (latest year)Rs 179 Cr
Sales (latest quarter)Rs 35 Cr
Operating profit excl. other income (latest year)Rs 165 Cr
Operating profit (latest quarter)Rs 29 Cr
Other income (TTM)Rs -2 Cr
EBITDA (TTM)Rs 166 Cr
PBDT (TTM)Rs 166 Cr
Profit before tax (TTM)Rs 166 Cr
Tax (latest year)Rs 41 Cr
Net profit (TTM)Rs 123 Cr
Net profit (latest year)Rs 122 Cr
Net profit (latest quarter)Rs 21 Cr
Depreciation (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 14 Cr
Total income (latest year)Rs 177 Cr
Share capitalRs 11 Cr
ReservesRs 31,970 Cr
Shareholders' fundsRs 31,981 Cr
Total assetsRs 36,172 Cr
Net blockRs 0 Cr
InvestmentsRs 34,819 Cr
ReceivablesRs 2 Cr
Other liabilitiesRs 4,191 Cr
Shares outstanding (crore)1.11
Ownership
Promoter holding66.28% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 101.3 is at the 79th percentile of its own 9.4-year range (median 41.0, low 16.4, high 191.2).
P/B 0.39 is at the 50th percentile (median 0.39).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodJSWHLNifty 50Difference
1 week+1.3%-2.8% +4.1 pts
1 month-3.9%-6.8% +2.9 pts
3 months-8.8%-7.6% -1.2 pts
6 months-0.4%+0.4% -0.8 pts
1 year-38.9%-9.9% -29.0 pts
2 years+35.8%-13.6% +49.3 pts
3 years+123.2%+14.2% +109.1 pts
5 years+138.4%+27.9% +110.5 pts
3 mutual fund schemes hold about ₹18 Cr. Over three months 2 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Bajaj Finserv Small Cap Fund0.66%18 +16%
HDFC BSE 500 Index Fund0.02%0 -3%
Motilal Oswal BSE 1000 Index Fund0.02%0 +10%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹35 Cr +16.7% vs Jun 2025. Net profit ₹21 Cr +5.0%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Jio Financial Services Ltd143,65869.51.86 %
Aditya Birla Capital Ltd103,48925.78.72 %
Tata Investment Corporation Ltd31,64573.41.57 %
Cholamandalam Financial Holdings Ltd25,7599.659.75 %
TVS Holdings Ltd24,88112.517.0 %
Maharashtra Scooters Ltd14,10450.61.06 %
Tsf Investments Ltd9,36119.23.38 %
Religare Enterprises Ltd8,0001613.50 %
Pilani Investment & Industries Corporation Ltd4,4301.41 %
Nalwa Sons Investments Ltd2,75549.70.48 %
Kalyani Investment Company Ltd2,08151.20.49 %
Elcid Investments Ltd2,05321.51.43 %
Shipping Corporation of India Land & Assets Ltd1,70960.01.31 %
Summit Securities Ltd1,43212.01.52 %
PNB Gilts Ltd1,30212.96.15 %
No bulk or block deals on record.
Ex-dateActionFactor
2024-06-25Annual General Meeting
2023-06-13Annual General Meeting
2022-06-13Annual General Meeting
2021-06-21 Annual General Meeting
2020-06-04 Annual General Meeting
2019-06-07 Annual General Meeting
2018-06-08 Annual General Meeting
2017-05-25 Annual Book Closure
2016-06-24 Annual Book Closure
2015-07-21Annual General Meeting
2014-07-17Annual General Meeting
2013-06-12Annual General Meeting
2012-07-12Annual General Meeting
2011-07-13Annual General Meeting
2010-06-24Annual General Meeting
2009-06-18Annual General Meeting
2008-06-19Annual General Meeting
2007-06-14Agm
2006-06-15Agm
DateTypeWhat it says
2026-10-01Volume querySignificant increase in volume has been observed in JSW Holdings Limited. The Exchange, in order to ensure that investors have latest relevant informa...
2026-09-30Volume querySignificant increase in volume has been observed in JSW Holdings Limited. The Exchange, in order to ensure that investors have latest relevant informa...
2026-09-16Volume querySignificant increase in volume has been observed in JSW Holdings Limited. The Exchange, in order to ensure that investors have latest relevant informa...
2026-09-15Volume querySignificant increase in volume has been observed in JSW Holdings Limited. The Exchange, in order to ensure that investors have latest relevant informa...
2026-08-07Shareholder meetingCountersigned copy of Scrutinizers Report is being submitted.
2026-08-07Shareholder meetingVoting results.
2026-08-06Shareholder meetingProceedings of Annual General Meeting held on August 06, 2026
2026-08-06Board meeting outcomeJSW Holdings Limited has submitted to the Exchange, the financial results for the period ended June 30, 2026.
2026-07-15General UpdatesInland Letter dispatched to the Shareholder of the Company pursuant to the Regulation 36(1)(b) of the Securities and Exchange Board of India (Listing ...
2026-07-15Shareholder meetingNotice of Annual General Meeting to be held on August 06, 2026
2026-07-10UpdatesBoard Meeting to consider the unaudited financial results for the Quarter ended June 30, 2026 to be held on Thursday, August 6, 2026.
2026-07-08Updates25th Annual General Meeting of the Company to be held on August 6, 2026.
2026-06-16Disclosure under SEBI TakeovJSW Holdings Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substant...
2026-05-28General UpdatesAppointment of internal auditor
2026-05-28Change in ManagementAppointment of Mr. Nirmal Karwa in terms of Regulation 16(1)(d) of SEBI (LODR) Reg, 2015
2026-05-28Director changeChange in Director(s) of the company.
2026-05-28Board meeting outcomeOutcome of Board Meeting held on May 28, 2026.
2026-05-28Board meeting outcomeJSW Holdings Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-07Credit Rating- OthersCredit Rating- Others
2026-03-30Price movementSignificant movement in price has been observed in JSW Holdings Limited. The Exchange, in order to ensure that investors have latest relevant informat...
2026-03-30Price movementSignificant movement in price has been observed in JSW Holdings Limited. The Exchange, in order to ensure that investors have latest relevant informat...
2026-01-29Board meeting outcomeJSW Holdings Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-11-26Credit Rating- OthersESG Rating under Regulation 30 of SEBI (LODR) Regulations, 2015
2025-11-06Board meeting outcomeJSW Holdings Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
2025-11-06Board meeting outcomeBoard meeting held on November 06, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of JSW Holdings Ltd?

JSW Holdings Ltd (JSWHL) has a market capitalisation of Rs 12,210 Cr. at the 2026-10-01 close.

What is the P/E ratio of JSW Holdings Ltd?

JSW Holdings Ltd trades at a P/E of 97.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were JSW Holdings Ltd's latest quarterly results?

In the Jun 2026 quarter, JSW Holdings Ltd sales was Rs 35 Cr (+16.7% vs Jun 2025) and net profit was Rs 21 Cr.

What is the 52-week high and low of JSW Holdings Ltd?

The 52-week high is Rs 22,790.00 and the 52-week low is Rs 10,530.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03