# JSW Energy (JSWENERGY) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/jswenergy

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹524.95
- Change: +0.31%
- As of: 2026-11-06
- 1D return: +0.31%
- 5D return: +4.92%
- 1M return: +12.45%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

JSWENERGY (₹524.95) is exhibiting a short-term bullish technical structure on the daily chart, characterized by price trading above all key moving averages and a Supertrend signal that flipped to bullish. This upward bias is supported by an ADX of 23.26, indicating developing trend strength, and a recent Hammer candlestick formation on November 6, which suggests buying interest near the day’s low of ₹512.85. However, this daily momentum conflicts with longer-term weakness; the monthly trend remains bearish with a weak ADX of 9.91, and the weekly Supertrend is still bearish. Participation has been mixed, with a high-participation anomaly noted on November 6 despite minimal price movement (+0.3%). The stock is positioned at the upper end of its 20-day range (+99.9%) but sits in the middle of its 252-day range (+51.3%), reflecting a significant historical drawdown of -18.5% from highs. Immediate resistance lies at ₹527.70 (0.52% above), while support is found at ₹520.65 (0.82% below).

- Daily Trend: Price is above all supplied moving averages and the daily Supertrend is bullish (ADX 23.26), signaling developing short-term momentum.
- Longer-Term Context: Monthly and weekly trends remain bearish (Supertrend bearish, ADX  18), creating a conflicting multi-timeframe structure.
- Key Levels: Resistance at ₹527.70 (0.52% above); Support at ₹520.65 (0.82% below). Stock is near the top of its 20-day range.
- Risk & Volatility: Annualized volatility is +34.6% with an ATR of 2.9%; current drawdown is -18.5%, highlighting elevated risk relative to historical peaks.

- Hammer
- Bullish Engulfing Reversal
- Outside Bar
- Harami
- Inside Bar
- Doji

### News Context

JSW Energy reported two distinct corporate developments on November 5, 2026. First, shareholders approved the appointment of Mr. Sanjay Sagar as a Non-Executive, Non-Independent Director via postal ballot, with 99.9352% of votes in favor. Second, the company notified the NSE and BSE of scheduled in-person meetings with institutional investors and analysts in Mumbai on November 17 and 18, 2026, to discuss business performance and growth strategy. Additionally, transcripts from an earlier Analyst/Investor Meet held prior to October 28 were filed on November 3. On the same day as the filings, JSW Energy shares closed at ₹524.95 on the NSE, reflecting a modest daily gain of +0.3%.

- Shareholder approval: Mr. Sanjay Sagar appointed as Non-Executive, Non-Independent Director following postal ballot results (99.9352% vote share) submitted on November 5, 2026.
- Upcoming investor engagement: In-person meetings scheduled for November 17 (JM Financial Annual India Conference) and November 18 (Avendus Spark INDX India Flagship) in Mumbai.
- Market snapshot: Stock closed at ₹524.95 on November 6, 2026, with a market capitalization of approximately ₹95,955 crore.
- Transcript filing: Transcripts from an Analyst/Investor Meet concluded on October 28 were uploaded to the company website and filed with the exchange on November 3.

- JSW Energy Limited has informed the Exchange about Analyst / Institutional Investors Meetings |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- JSW Energy Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- JSW Energy Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
- MEETING DATE : 05-NOV-2026
- JSW ENERGY LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL

### What Changed

On November 5, 2026, JSW Energy Limited confirmed the appointment of Mr. Sanjay Sagar as a Non-Executive, Non-Independent Director following the successful conclusion of a postal ballot. Shareholders approved the ordinary resolution with overwhelming support, recording 1,586,969,350 votes in favor (99.9352%) against 1,028,960 votes opposed (0.0648%). The Scrutinizer’s report and voting results were submitted to the National Stock Exchange (NSE) on the same day, finalizing the process initiated by the Board meeting held on August 8, 2026. This governance update represents a material change in the company's leadership structure, while operational and financial contexts remain consistent with prior reporting.

- Appointment Confirmed: Mr. Sanjay Sagar (DIN: 00019489) appointed as Non-Executive, Non-Independent Director effective after postal ballot closure on November 5, 2026.
- Shareholder Approval: Resolution passed with 99.9352% vote share (1,586,969,350 votes), indicating strong institutional and retail consensus.
- Regulatory Compliance: Scrutinizer’s report and voting results filed with NSE on November 5, 2026, completing the statutory requirement for board composition changes.

- [JSW Energy Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/AJAYJSWEL_05112026204011_JSWEL_Postal_Ballot_voting_results_ss.pdf)
- [MEETING DATE : 05-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1754239_05112026084226_WEB.xml)

### Official Filings

JSW Energy Limited has advanced its capital structure and governance through recent board actions and shareholder approvals. On November 5, 2026, shareholders approved the appointment of Mr. Sanjay Sagar as a Non-Executive, Non-Independent Director with 99.9352% support. Concurrently, the Board authorized new fundraising mechanisms: up to ₹5,000 crore via rated Non-Convertible Debentures (NCDs) and utilization of existing limits for up to ₹6,000 crore in private offerings or preferential allotments, subject to regulatory and member approvals.

Financially, the company reported Q2 FY27 results showing revenue of ₹6,658 crore (up 24% YoY) and PAT of ₹1,056 crore (up 50% YoY). Management reaffirmed a FY27 capex guidance of approximately ₹20,000 crore and a target of 30 GW capacity by 2030. Operational progress includes the acquisition of Maruti Clean Coal & Power for an enterprise value of ₹1,410 crore and commissioning of 1.4 GW of organic renewable capacity. Monitoring agency reports confirm nil deviation in the utilization of proceeds from prior fund-raising activities.

- {'detail': 'Mr. Sanjay Sagar appointed as Non-Executive, Non-Independent Director; resolution passed with 99.9352% votes on November 5, 2026.', 'metric': 'Shareholder Approval'}
- {'detail': 'Board approved raising up to ₹5,000 crore via NCDs and up to ₹6,000 crore via private/preferential allotments using existing member-approved limits.', 'metric': 'Fundraising Authorization'}
- {'detail': 'Revenue increased 24% YoY to ₹6,658 crore; PAT rose 50% YoY to ₹1,056 crore.', 'metric': 'Q2 FY27 Financials'}
- {'detail': 'Acquisition of Maruti Clean Coal & Power (₹1,410 crore EV); FY27 capex guidance maintained at ~₹20,000 crore; total installed capacity exceeds 15.1 GW.', 'metric': 'Strategic Updates'}

- [JSW Energy Limited has informed the Exchange about Analyst / Institutional Investors Meetings |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/AJAYJSWEL_05112026121024_LettertoBSENSEInstitutionalInvestorsMeeting05112026.pdf)
- [JSW Energy Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3013_WebXMLFile_20261105_121312301.xml)
- [JSW Energy Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/AJAYJSWEL_05112026204011_JSWEL_Postal_Ballot_voting_results_ss.pdf)
- [MEETING DATE : 05-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1754239_05112026084226_WEB.xml)
- [JSW ENERGY LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3013_WebXMLFile_20261103_162527227.xml)
- [JSW Energy Limited has informed the Exchange about transcript of the Results Conference Call held on Wednesday, 28th October 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/AJAYJSWEL_02112026185021_LettertoBSEandNSETranscriptofResultsconferencecallOct2026sd.pdf)
- [Reports issued by the Monitoring Agencies for the quarter ended 30th September 2026 |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_29102026131200_LettertoBSENSE_Monitoring_Agency_Report.pdf)
- [JSW Energy Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_28102026152034_LettertoBSENSEResultsPPTOct2026final.pdf)
- [JSW Energy Limited has informed the Exchange regarding raising of long-term funds. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_28102026152656_Outcome.pdf)
- [JSW Energy Limited has informed the Exchange regarding extending the validity of existing approval from the Members of the Company for fund raise. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_28102026153404_Outcome.pdf)

### Fundamentals

JSW Energy’s operating trajectory shows strong momentum in FY2026-27, with Q2 revenue rising to ₹6,368 crore and net profit jumping to ₹1,141 crore. This follows a robust full-year performance where sales grew to ₹18,901 crore and net profit reached ₹2,762 crore. However, earnings quality faces pressure from surging finance costs, which climbed to ₹5,816 crore in FY2026 (from ₹2,269 crore in FY2025), significantly impacting bottom-line efficiency despite high operating profits of ₹10,068 crore. The balance sheet reflects this aggressive expansion: borrowings increased to ₹82,547 crore by Sep 2026, while fixed assets grew to ₹83,542 crore. Return on Capital Employed (ROCE) remains modest at 8% for Mar 2026, down from 9% in Mar 2024, indicating that new capacity is yet to fully contribute to returns. Shareholding patterns show DIIs increasing their stake to 16.68%, while promoters diluted slightly to 66.53%. The key checkpoint is whether the company can sustain operating leverage to offset higher interest burdens as CWIP normalizes.

- Q2 FY2026-27 Net Profit surged to ₹1,141 crore (up from ₹533 crore in Q1), driven by Revenue growth to ₹6,368 crore.
- Finance Costs rose sharply to ₹5,816 crore in FY2026 (vs ₹2,269 crore in FY2025), compressing net margins despite Operating Profit of ₹10,068 crore.
- Borrowings increased to ₹82,547 crore by Sep 2026, supporting Fixed Asset growth to ₹83,542 crore; ROCE stands at 8%.
- DIIs increased holding to 16.68% in Sep 2026, while Promoter stake fell to 66.53%; TTM EPS is ₹12.84.

### Bear Case

As of 6 November 2026, JSW Energy (NSE) exhibits significant technical deterioration across multiple timeframes, suggesting near-term downside pressure. The stock is trading at ₹524.95, with a market capitalization of approximately ₹95,955 crore. While the daily trend remains technically bullish, the weekly and monthly trends are bearish, indicating that medium- to long-term momentum has shifted negative. This divergence is underscored by a current drawdown of -18.5% from its peak, which represents more than half of the maximum historical drawdown of -33.0%. Performance metrics reflect this weakness: the stock has declined 7.6% over the last six months and 6.5% over the past three months, despite a modest year-to-date gain of 4.6%. High volatility, evidenced by an annualized volatility of 34.6% and an Average True Range (ATR) of 2.9%, implies elevated price risk for investors. Immediate support lies at ₹520.65, while resistance is clustered closely above at ₹527.70, limiting upside potential in the short term.

- Medium-term momentum is bearish: Weekly and monthly super-trends are down, contrasting with the daily bullish signal, highlighting conflicting time-horizon pressures.
- Significant drawdown risk: The current price decline of -18.5% is substantial relative to the all-time high, approaching the upper half of the maximum observed drawdown of -33.0%.
- Recent performance weakness: The stock has lost 7.6% over the last six months and 6.5% over the last quarter, offsetting some year-to-date gains.
- High volatility environment: Annualized volatility stands at 34.6% with an ATR of 2.9%, indicating wide price swings and elevated uncertainty.

- [JSW Energy Limited has informed the Exchange about Analyst / Institutional Investors Meetings |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/AJAYJSWEL_05112026121024_LettertoBSENSEInstitutionalInvestorsMeeting05112026.pdf)
- [JSW Energy Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3013_WebXMLFile_20261105_121312301.xml)
- [JSW Energy Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/AJAYJSWEL_05112026204011_JSWEL_Postal_Ballot_voting_results_ss.pdf)
- [MEETING DATE : 05-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1754239_05112026084226_WEB.xml)
- [JSW ENERGY LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3013_WebXMLFile_20261103_162527227.xml)
- [JSW Energy Limited has informed the Exchange about transcript of the Results Conference Call held on Wednesday, 28th October 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/AJAYJSWEL_02112026185021_LettertoBSEandNSETranscriptofResultsconferencecallOct2026sd.pdf)
- [Reports issued by the Monitoring Agencies for the quarter ended 30th September 2026 |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_29102026131200_LettertoBSENSE_Monitoring_Agency_Report.pdf)
- [JSW Energy Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_28102026152034_LettertoBSENSEResultsPPTOct2026final.pdf)
- [JSW Energy Limited has informed the Exchange regarding raising of long-term funds. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_28102026152656_Outcome.pdf)
- [JSW Energy Limited has informed the Exchange regarding extending the validity of existing approval from the Members of the Company for fund raise. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_28102026153404_Outcome.pdf)

### FAQs

**What corporate governance changes has JSW Energy recently approved?**

On November 5, 2026, shareholders passed an ordinary resolution via postal ballot to appoint Mr. Sanjay Sagar as a Non-Executive, Non-Independent Director. The resolution received 1,586,969,350 votes in favour (99.9352% of votes polled), with the Scrutinizer’s report submitted to the NSE and BSE on the same day.

**When are the next scheduled investor meetings for JSW Energy?**

JSW Energy will participate in two in-person institutional investor meetings in Mumbai: the JM Financial Annual India Conference on November 17, 2026, and the Avendus Spark INDX India Flagship on November 18, 2026. Both sessions are scheduled for 10:00 AM IST and will cover business performance, industry outlook, and growth strategy.

**How is the stock performing technically over different timeframes?**

As of November 6, 2026, the daily trend is bullish with the price at ₹524.95, while the weekly and monthly trends remain bearish. The stock has gained +17.0% over the past 10 days but is down -6.5% over three months and -18.5% year-to-date, with annualized volatility at +34.6%.

**What are the key support and resistance levels for JSW Energy?**

Immediate resistance is seen at ₹527.70 (0.52% above current price) and ₹532.05. Key support levels are located at ₹520.65 (pivot), ₹516.30, and ₹509.25. The stock closed at ₹524.95 on November 6, 2026, with a turnover of ₹678.69 million.

- [JSW Energy Limited has informed the Exchange about Analyst / Institutional Investors Meetings |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/AJAYJSWEL_05112026121024_LettertoBSENSEInstitutionalInvestorsMeeting05112026.pdf)
- [JSW Energy Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3013_WebXMLFile_20261105_121312301.xml)
- [JSW Energy Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting](https://nsearchives.nseindia.com/corporate/AJAYJSWEL_05112026204011_JSWEL_Postal_Ballot_voting_results_ss.pdf)
- [MEETING DATE : 05-NOV-2026](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1754239_05112026084226_WEB.xml)
- [JSW ENERGY LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3013_WebXMLFile_20261103_162527227.xml)
- [JSW Energy Limited has informed the Exchange about transcript of the Results Conference Call held on Wednesday, 28th October 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/AJAYJSWEL_02112026185021_LettertoBSEandNSETranscriptofResultsconferencecallOct2026sd.pdf)
- [Reports issued by the Monitoring Agencies for the quarter ended 30th September 2026 |SUBJECT: Monitoring Agency Report](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_29102026131200_LettertoBSENSE_Monitoring_Agency_Report.pdf)
- [JSW Energy Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_28102026152034_LettertoBSENSEResultsPPTOct2026final.pdf)
- [JSW Energy Limited has informed the Exchange regarding raising of long-term funds. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_28102026152656_Outcome.pdf)
- [JSW Energy Limited has informed the Exchange regarding extending the validity of existing approval from the Members of the Company for fund raise. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_28102026153404_Outcome.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹520.65
- Risk regime: Price Risk Requires Attention

### Support levels
- 505.7110595703125
- 489.65
- 475.378125

### Resistance levels
- 541.9488067626953
- 551.23125
- 560.225

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.31% |
| return_10 | +17.03% |
| return_1m | +6.07% |
| return_1y | +1.47% |
| return_20 | +12.45% |
| return_3m | -6.51% |
| return_5 | +4.92% |
| return_6m | -7.56% |
| return_since_start | -18.52% |
| return_ytd | +4.57% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -33.03% |
| annualized_volatility | +34.62% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# JSW Energy Limited Q2 FY2026-27: Revenue up 23%, profit up 38%

Consolidated revenue from operations rose 23% year on year to ₹6,368 crore in the quarter ended 30 September 2026, while profit for the period increased 38% to ₹1,141 crore. Profit before tax grew 41% year on year and 94% sequentially; expenses rose more slowly than revenue in both comparisons, although finance costs also increased.

## Revenue and expenses

Revenue from operations was ₹6,368 crore, up from ₹5,177 crore in Q2 FY2025-26 and ₹5,207 crore in Q1 FY2026-27. It followed ₹4,082 crore in Q3 FY2025-26 and ₹4,499 crore in Q4 FY2025-26, extending the sequential increase.

Total expenses were ₹5,309 crore, up 20.5% year on year and 11.9% sequentially, below revenue growth in both periods. Finance costs increased 13.9% year on year and 6.3% sequentially to ₹1,615 crore. Other expenses were ₹716 crore, up 22.0% sequentially. Depreciation, depletion and amortisation was ₹943 crore, and cost of materials consumed was ₹1,807 crore.

## Profitability and per-share results

Profit before tax rose to ₹1,349 crore from ₹954 crore in Q2 FY2025-26 and ₹694 crore in Q1 FY2026-27. Profit for the period was ₹1,141 crore, compared with ₹824 crore and ₹533 crore, respectively. Tax expense increased to ₹207 crore from ₹163 crore in Q1 FY2026-27.

Of the quarter’s profit, ₹1,056 crore was attributable to owners of the parent and ₹85 crore to non-controlling interests. Basic EPS was ₹5.77, against ₹4.04 in Q2 FY2025-26 and ₹2.64 in Q1 FY2026-27. Diluted EPS was ₹5.62, compared with ₹4.04 and ₹2.57, respectively.

Total comprehensive income was ₹937 crore, down from ₹1,479 crore in Q1 FY2026-27 and ₹1,682 crore in Q2 FY2025-26. Other comprehensive income was negative ₹204 crore in Q2 FY2026-27.

## Investment and balance sheet

At 30 September 2026, property, plant and equipment stood at ₹71,107 crore, up from ₹61,806 crore at 31 March 2026. Capital work in progress declined to ₹15,283 crore from ₹17,409 crore over the same period. The reported balances show an increase in property, plant and equipment alongside lower capital work in progress.

Total assets increased to ₹1,37,093 crore from ₹1,24,182 crore at 31 March 2026. Total equity was ₹39,795 crore, including ₹36,710 crore attributable to owners of the parent and ₹3,085 crore of non-controlling interests. Total liabilities rose to ₹97,298 crore from ₹90,604 crore. At quarter-end, non-current borrowings were ₹69,095 crore and current borrowings were ₹12,179 crore.

Cash and cash equivalents were ₹4,021 crore at 30 September 2026, compared with ₹4,142 crore at 31 March 2026. Current financial assets stood at ₹20,054 crore. Non-current investments were ₹5,765 crore, down from ₹8,008 crore at March-end.

## Key Takeaway

Q2 FY2026-27 brought higher revenue and profit, with expenses growing more slowly than revenue year on year and sequentially. At the same time, finance costs rose and the balance sheet expanded, including higher property, plant and equipment and borrowings. The scale of investment and funding, alongside the durability of earnings growth, remains central to assessing the quarter’s progress.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +66.53%
- FII holding: +11.41%
- DII holding: +16.16%
- Mutual fund holding: +7.42%
- Retail holding: +2.98%
- Promoter pledged: +0.00%

### Major reported shareholders

- JSW INVESTMENTS PRIVATE LIMITED — +16.99% (Bodies Corporate)
- INDUSGLOBE MULTIVENTURES PRIVATE LIMITED — +13.96% (Bodies Corporate)
- SIDDESHWARI TRADEX PRIVATE LIMITED — +12.60% (Bodies Corporate)
- JSL LIMITED — +7.93% (Bodies Corporate)
- LICI ULIP-GROWTH FUND — +6.82%
- VIRTUOUS TRADECORP PRIVATE LIMITED — +4.67% (Bodies Corporate)
- JSW STEEL LIMITED — +4.66% (Bodies Corporate)
- SBI ARBITRAGE OPPORTUNITIES FUND — +3.67%
- GQG PARTNERS EMERGING MARKETS EQUITY FUND — +1.81%
- TANVI SHETE — +1.37%

## Official filings

- 2026-11-06 — Generic Announcement: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AJAYJSWEL_06112026171614_LettertoBSENSEFinal.pdf)
- 2026-11-06 — Credit Rating Update: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AJAYJSWEL_06112026192908_Letter_to_BSENSE_060112026_isapur_pennar_windpowerSd.pdf)
- 2026-11-05 — Generic Announcement: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AJAYJSWEL_05112026121024_LettertoBSENSEInstitutionalInvestorsMeeting05112026.pdf)
- 2026-11-05 — Generic Announcement: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3013_WebXMLFile_20261105_121312301.xml)
- 2026-11-05 — Generic Announcement: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AJAYJSWEL_05112026204011_JSWEL_Postal_Ballot_voting_results_ss.pdf)
- 2026-11-05 — Regulatory Filing: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1754239_05112026084226_WEB.xml)
- 2026-11-03 — Generic Announcement: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3013_WebXMLFile_20261103_162527227.xml)
- 2026-11-02 — Generic Announcement: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/AJAYJSWEL_02112026185021_LettertoBSEandNSETranscriptofResultsconferencecallOct2026sd.pdf)
- 2026-10-29 — Generic Announcement: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_29102026131200_LettertoBSENSE_Monitoring_Agency_Report.pdf)
- 2026-10-28 — Earnings Presentation: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_28102026152034_LettertoBSENSEResultsPPTOct2026final.pdf)
- 2026-10-28 — Generic Announcement: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_28102026152656_Outcome.pdf)
- 2026-10-28 — Generic Announcement: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_28102026153404_Outcome.pdf)
- 2026-10-28 — Management Change: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_28102026153953_Outcome.pdf)
- 2026-10-28 — Generic Announcement: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_3013_WebXMLFile_20261028_162939221.xml)
- 2026-10-28 — Generic Announcement: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_3013_WebXMLFile_20261028_162836909.xml)
- 2026-10-28 — Financial Results Filing: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748100_28102026064840_WEB.xml)
- 2026-10-28 — Financial Results Filing: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748093_28102026064644_WEB.xml)
- 2026-10-28 — Financial Results Filing: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748147_28102026071428_WEB.xml)
- 2026-10-28 — Financial Results Filing: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748146_28102026071326_WEB.xml)
- 2026-10-24 — Credit Rating Update: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_24102026171632_Letter_to_BSENSE_24102026_sd.pdf)
- 2026-10-22 — Board Meeting Notice: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_22102026124529_LettertoBSENSEboardmeetingintimation.pdf)
- 2026-10-22 — Generic Announcement: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KRUTIKAJSWEL_22102026125652_Lettertobsensresultscall.pdf)
- 2026-10-22 — Generic Announcement: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3013_WebXMLFile_20261022_130933767.xml)
- 2026-10-22 — Generic Announcement: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3013_WebXMLFile_20261022_131049534.xml)
- 2026-10-22 — Generic Announcement: JSW Energy Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3013_WebXMLFile_20261022_134850499.xml)

## News and market events

- 2026-10-30 — MONEYCONTROL: **Weekly Tactical Pick: JSW Energy offers good value in the private utility space** — A weekly tactical pick analysis identifies JSW Energy as offering good value within the private utility space. The report characterizes the stock as a favorable investment opportunity for the current period. — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/weekly-tactical-pick-jsw-energy-offers-good-value-in-the-private-utility-space-14064153.html)
- 2026-10-29 — MONEYCONTROL: **Buy JSW Energy; target of Rs 675: ICICI Securities** — ICICI Securities issued a 'Buy' recommendation for JSW Energy, setting a price target of Rs 675. This analyst action provides a specific valuation benchmark for the energy company's shares. — [Source](https://www.moneycontrol.com/news/business/buy-jsw-energy-target-of-rs-675-icici-securities-14063494.html)
- 2026-10-29 — BUSINESSTODAY: **Tata Power, NTPC Green, Torrent Power, NTPC, Power Grid, JSW Energy, IEX shares: Check ratings, targets** — Ambit Institutional Equities has identified Tata Power Company, NTPC, JSW Energy, Torrent Power and Power Grid among its preferred power stocks, citing the prospect of another major investment cycle in India's power sector. — [Source](https://www.businesstoday.in/markets/stocks/story/tata-power-ntpc-green-torrent-power-ntpc-power-grid-jsw-energy-iex-shares-check-ratings-targets-564495-2026-10-29)
- 2026-10-29 — MONEYCONTROL: **Buy JSW Energy; target of Rs 613: Prabhudas Lilladher** — Prabhudas Lilladher has issued a 'Buy' recommendation for JSW Energy with a target price of Rs 613. — [Source](https://www.moneycontrol.com/news/business/stocks/buy-jsw-energy-target-of-rs-613-prabhudas-lilladher-14063229.html)
- 2026-10-29 — MONEYCONTROL: **JSW Energy shares rise 5% after Q2 profit jumps 38%; Jefferies says ‘Buy’** — JSW Energy shares rise 5% after Q2 profit jumps 38%; Jefferies says ‘Buy’ Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Jio IPO Listing Price Cyclone Arnab Live Gold Price Akash Ambani Karnataka MLC Polls Israel exit polls HUL Q2 Results Prashant Kishor News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more — [Source](https://www.moneycontrol.com/news/business/markets/jsw-energy-shares-rise-5-after-q2-profit-jumps-38-jefferies-says-buy-14063252.html)
- 2026-10-29 — Economic Times: **Stocks in news: Jio Platforms, RIL, Hero MotoCorp, Meesho, TVS Motor, Vedanta Aluminium and Suzlon Energy** — Indian equities ended lower on Wednesday, primarily driven by selling in heavyweight stocks. Information technology and oil and gas shares experienced significant declines, falling more than 2%. The Nifty 50 index settled at 22,699, down 51 points, indicating ongoing resistance at 22,800. Several companies, including Jio Platforms and Hero MotoCorp, reported their quarterly earnings that impacted market sentiment. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-jio-platforms-ril-hero-motocorp-meesho-tvs-motor-vedanta-aluminium-and-suzlon-energy/articleshow/135273790.cms)
- 2026-10-28 — FREEPRESSJOURNAL.IN: **JSW Energy Q2 Net Profit Jumps 38 Per Cent To ₹1,141 Crore As Revenue Rises; Board Approves ₹5,000 Crore Fundraising** — JSW Energy’s total income rose to Rs 6,657.71 crore in the September quarter. Its board approved raising up to Rs 5,000 crore through non-convertible debentures. The company also signed a joint venture agreement for Bhutan’s 920 MW Punatsangchhu-III hydropower project and acquired a 300 MW thermal plant in Chhattisgarh. — [Source](https://www.freepressjournal.in/business/jsw-energy-q2-net-profit-jumps-38-per-cent-to-1141-crore-as-revenue-rises-board-approves-5000-crore-fundraising)
- 2026-10-28 — CNBC-TV18: **Stocks to Watch for October 29: Jio Platforms, JSW Energy, United Spirits, PNB Housing Fin and more** — From Meesho reporting a 23% year-on-year rise in net merchandise value (NMV) to TVS Holdings posting a 43.3% increase in net profit to ₹635 crore for the September quarter, here are the stocks to track ahead of Thursday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-october-29-jio-platforms-jsw-energy-united-spirits-pnb-housing-fin-and-more-20021684.htm)
- 2026-10-28 — The Hindu: **JSW Energy Q2 net profit rises 50% to ₹1,056 cr** — JSW Energy Q2 net profit up 50% to ₹1,056 cr; revenue up 23%, 15 GW+ capacity, 51% renewables, strategic deals and FY27 targets. — [Source](https://www.thehindubusinessline.com/companies/jsw-energy-q2-net-profit-rises-50-to-1056-cr/article71635439.ece)
- 2026-10-28 — CNBC-TV18: **JSW Energy Q2 results: Profit jumps 50% to ₹1,056 crore, beats estimates** — JSW Energy's September-quarter revenue rose 23% to ₹6,369 crore, while EBITDA increased 21% to ₹3,618 crore. The company added 813 MW of capacity during the quarter. — [Source](https://www.cnbctv18.com/market/earnings/jsw-energy-q2-results-profit-jumps-50-to-rs1056-crore-beats-estimates-20021504.htm)
- 2026-10-28 — BUSINESSTODAY: **JSW Energy Q2 results: PAT rises 50% YoY, Rs 5,000 crore NCDs approved; stock rebounds 4%** — Shares of JSW Energy Ltd rebounded sharply during the trading on Wednesday after the JSW Group player reported a 49.8 per cent jump in the net profit on a year-on-year (YoY) to Rs 1,056 crore in the September 2026 quarter. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/jsw-energy-q2-results-pat-rises-50-yoy-rs-5000-crore-ncds-approved-stock-rebounds-4-564315-2026-10-28)
- 2026-10-01 — Mint: **Power stocks fall despite  ₹1.86 lakh crore PM-DHARA scheme: Tata Power, Adani Power, NTPC, Power Grid in focus** — In Thursday's trading, key power stocks fell as the government revealed a ₹1.86 lakh crore scheme to boost transmission and renewable energy. The PM-DHARA initiative aims to enhance infrastructure for accommodating 135 GW of renewable energy, despite current stock market pressure. — [Source](https://www.livemint.com/market/stock-market-news/power-stocks-fall-despite-rs-1-86-lakh-crore-pm-dhara-scheme-tata-power-adani-power-ntpc-power-grid-in-focus-11790827242854.html)
- 2026-09-29 — Mint: **Top stocks to watch today: Why IRFC, Ola, NCC, Tata stocks must be on radar? Full list for Tuesday, 29 September** — Top stocks to watch today: Indian Railway Finance Corporation (IRFC), Tata Group stocks, Ola Electric Mobility, ITC, NCC, Zydus Lifesciences are among the stocks likely to remain in focus on Tuesday. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-watch-today-why-irfc-ola-ncc-tata-stocks-must-be-on-radar-full-list-for-tuesday-29-september-11790645272995.html)
- 2026-09-29 — Economic Times: **Stocks in news: Tata Group, ITC, IRFC, NCC, Zydus Lifesciences and JSW Energy** — The Indian equity markets faced a significant downturn, with benchmark indices slipping past vital support thresholds. The Nifty 50 saw a decline of 360.25 points, reflecting increased investor anxiety. Key players like Tata Group, ITC, and Indian Railway Finance Corporation draw attention following recent news. Analysts suggest that if the market falls further below these critical levels, the correction may continue. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-tata-group-itc-irfc-ncc-zydus-lifesciences-and-jsw-energy/articleshow/134548442.cms)
- 2026-09-28 — BUSINESS: **Market drift lower in early trade; breadth weak** — All the sectoral indices on the NSE were traded in red with realty, metal and PSU Bank shares declining the most. — [Source](https://www.business-standard.com/markets/capital-market-news/market-drift-lower-in-early-trade-breadth-weak-126092800165_1.html)
- 2026-09-28 — BUSINESS: **Stock Alert: RCF, SAIL , JSW Energy, Augmont Enterprises, Balrampur Chini Mills** — Shares of Kaynes Technology, LIC Housing Finance, Manappuram Finance, SAIL are barred from F&O trading on Monday, 28 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-rcf-sail-jsw-energy-augmont-enterprises-balrampur-chini-mills-126092800108_1.html)
- 2026-09-26 — BUSINESS: **JSW Energy bags turbine-generator order for 1,600 MW Salboni Phase-II** — JSW Energy said its wholly owned subsidiary JSW Thermal Energy has entered into a contract with Toshiba JSW Power Systems to procure two 800 MW steam turbine generators for Phase-II of the Salboni Thermal Power Project in West Bengal. — [Source](https://www.business-standard.com/markets/capital-market-news/jsw-energy-bags-turbine-generator-order-for-1-600-mw-salboni-phase-ii-126092600466_1.html)
- 2026-09-26 — BUSINESS: **JSW Energy bags turbine-generator order for 1,600 MW Salboni Phase-II** — JSW Energy's subsidiary JSW Thermal Energy has ordered two 800 MW turbine generators from Toshiba JSW Power Systems for Phase-II of the Salboni project. — [Source](https://www.business-standard.com/markets/capital-market-news/jsw-energy-bags-turbine-generator-order-for-1-600-mw-salboni-phase-ii-126092600156_1.html)
- 2026-09-25 — FREEPRESSJOURNAL.IN: **JSW Energy Secures Equipment For 3,200 MW Salboni Project, Places 1,600 MW Phase-II Order With Toshiba JSW** — JSW Energy secures turbine-generators for its entire 3,200 MW Salboni project after placing a 1,600 MW Phase-II order with Toshiba JSW. — [Source](https://www.freepressjournal.in/business/jsw-energy-secures-equipment-for-3200-mw-salboni-project-places-1600-mw-phase-ii-order-with-toshiba-jsw)
- 2026-09-25 — CNBC-TV18: **JSW Energy places 1,600 MW turbine-generator order for Phase II of Salboni project** — Shares of JSW Energy Ltd ended at ₹508.00, down by ₹2.20, or 0.43%, on the BSE. JSW Thermal has placed the order with Toshiba JSW Power Systems Private Ltd, an associate company of JSW Energy. — [Source](https://www.cnbctv18.com/market/stocks/jsw-energy-share-price-places-1600-mw-turbine-generator-order-for-phase-ii-of-salboni-project-19998641.htm)
- 2026-09-21 — The Hindu: **JSW Group firms plan $300 million debt sales** — JSW Group firms aim to raise $300 million through bond sales in October if market conditions are favorable. — [Source](https://www.thehindubusinessline.com/markets/jsw-group-firms-plan-300-million-debt-sales/article71490441.ece)
- 2026-09-20 — Mint: **Top stocks in focus tomorrow: Mazagon Dock, RVNL, Nestle India shares to move Sensex, Nifty? Monday, 21 Sept | Triggers** — Mazagon Dock, Rail Vikas Nigam (RVNL), Kalyan Jewellers, Welspun Enterprises, JSW Energy, Nestle India, GR Infraprojects are among the stocks likely to remain in focus. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-in-focus-tomorrow-mazagon-dock-rvnl-nestle-india-shares-to-move-sensex-nifty-monday-21-sept-triggers-11789897835796.html)
- 2026-09-20 — The Hindu: **Auto battle shifts into high gear ahead of festive season** — From CNG cars to electric motorcycles and heavy trucks, manufacturers are rolling out fresh products to win buyers — [Source](https://www.thehindubusinessline.com/companies/auto-battle-shifts-into-high-gear-ahead-of-festive-season/article71485948.ece)
- 2026-09-19 — CNBC-TV18: **JSW Energy arm JSW Hydro Energy wins appeal against CERC order on interest claim** — Shares of JSW Energy Ltd ended at ₹517.80, up by ₹6.80, or 1.33%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/jsw-energy-share-price-arm-jsw-hydro-energy-wins-appeal-against-cerc-order-on-interest-claim-19994078.htm)
- 2026-09-18 — Mint: **Adani Energy vs CESC vs Tata Power vs NTPC vs Power Grid: Which stock has more upside? Target price by PL Capital** — Adani Energy, Coal India, Tata Power, NTPC, and Power Grid are set to benefit from upcoming power transmission projects. According to PL Capital, CESC is expected to deliver the highest return of 54%, while NTPC and Power Grid also have positive outlooks. Check target price — [Source](https://www.livemint.com/market/stock-market-news/adani-energy-vs-cesc-vs-tata-power-vs-ntpc-vs-power-grid-which-stock-has-more-upside-target-price-by-pl-capital-11789725460017.html)

## Business profile

**Strategic vision:** Generates power from thermal and renewable sources.

### Business segments
- **Thermal Power Generation:** The company operates thermal power plants utilizing coal and lignite.
- **Renewable Power Generation:** The company operates hydro, wind, and solar power plants.
- **Power Sales & Transmission:** JSW Energy sells electricity through PPAs and merchant sales, and engages in power trading and transmission joint ventures.

### Competitive strengths
- Operates power plants across multiple states in India.
- Engages in power trading and holds interests in power transmission joint ventures.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/jswenergy
Markdown representation: https://faxioms.com/stocks/jswenergy?render=md