Arthneeti

JSW Holdings Q2 FY27 Share Price & Earnings Call Analysis

₹10,863.00-3.37% today
Market cap
₹12,058 Cr
P/E
64.76
ROE
0.40%
PEG
-2.53
Price to sales
45.16
Debt to equity
0.00
52W high / low
₹22,165 / ₹10,655
Sales growth (5Y)
14.10%
EBITDA margin
93.51%
Net profit margin
68.77%
Promoter holding
66.28%
Sales (last year)
₹267 Cr

JSW Holdings Ltd is a core investment company (CIC) and is primarily engaged in the business of investing and financing.[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Finance
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does JSW Holdings rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Finance companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,632 Cr69.0
240%+Up 2%+₹458 Cr23.7
340%+Up 0–2%₹877 Cr29.8
440%+Flat₹40,658 Cr37.4
540%+Flat₹16,070 Cr70.5
640%+Flat₹13,546 Cr—

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Pro shows every company guiding 40%+ revenue growth →Full Finance ranking

Financials of JSW Holdings

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

JSW Holdings

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +66.28%66.28%66.28%66.28%66.28%66.28%66.28%66.28%66.28%66.28%66.28%66.28%
FIIs +22.38%21.42%21.51%21.71%22.28%22.63%22.61%22.64%22.88%22.65%22.28%22.21%
DIIs +0.04%0.09%0.11%0.11%0.11%0.21%0.31%0.26%0.12%0.09%0.18%0.21%
Public +11.28%12.18%12.09%11.89%11.32%10.86%10.79%10.80%10.70%10.97%11.24%11.29%
Others +0.01%0.02%0.02%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.00%
No. of Shareholders20,11621,67321,87021,93124,72622,55023,90824,75423,92825,92928,19229,384

Financials of JSW Holdings

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +8927272716229293084333335167
Expenses +3333434444365
Operating Profit8625242415826262680293029162
OPM %97%90%87%88%98%89%87%88%96%89%91%84%97%
Other Income +000000000-3000
Interest0000000000000
Depreciation0000000000000
Profit before tax8625242415826262680263029162
Tax %26%26%18%25%25%25%26%25%25%26%25%26%25%
Net Profit +6418191811819192060202321121
EPS in Rs57.4716.4217.5016.17106.5517.4817.1817.7253.7017.6820.4419.34108.70

Financials of JSW Holdings

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +4950638910712193186407170248179267
Expenses +34455656612141417
Operating Profit4647598410211588180401157234165250
OPM %94%93%94%95%95%95%95%97%99%93%94%92%94%
Other Income +00000000000-2-2
Interest0000000000000
Depreciation0000000000000
Profit before tax4647598410211588180401157234163247
Tax %21%22%20%19%14%10%25%25%25%25%25%25%
Net Profit +373747688810466135300119175122184
EPS in Rs33.0732.9842.6961.2579.1293.7559.20121.27269.93106.90157.39109.54166.16
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of JSW Holdings

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital11111111111111111111111111
Reserves7507868348,1038,1687,05212,49619,66018,98224,46330,44131,97034,690
Borrowings +0000000000000
Other Liabilities +2227437186001,4432,8022,6293,8163,9554,1914,630
Total Liabilities7637998478,8588,8977,66313,95022,47321,62228,29034,40736,17239,332
Fixed Assets +0000000000000
CWIP0000000000000
Investments5335435178,5028,5117,23013,45121,83620,68527,23133,18734,81937,840
Other Assets +2292563303563874334996379381,0601,2201,3531,492
Total Assets7637998478,8588,8977,66313,95022,47321,62228,29034,40736,17239,332

Financials of JSW Holdings

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +373632668910367130298115169140
Cash from Investing Activity +-38-25-43-58-87-108-72-131-298-112-170-140
Cash from Financing Activity +00000000000-1
Net Cash Flow-111-1182-4-5-113-1-1
Free Cash Flow373632668910367130298115169140
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit101%98%74%98%101%100%102%98%100%98%98%110%

Financials of JSW Holdings

Ratios

Working capital efficiency and return ratios

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%
18out of 100

Momentum score · price trend

18 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−31.4%21%
Last 6 months−8.9%40%
Last 3 months−6.4%54%

The price is 57.5% below its all-time high of ₹26,439 (17 Apr 2025). Stocks more than 20% below their peak have their score halved, so 35 became 18.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For JSW Holdings: 0.4 × 21 + 0.4 × 40 + 0.2 × 54 = 35, halved to 18 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What JSW Holdings's management said in earlier quarters

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