Agencies has sell call on with a target price of Rs 245. The current market price of JSW Energy is Rs 296.25 Time period given by analyst is more than 2 years when JSW Energy price can reach defined target.
JSW Energy, incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 48786.64 Crore) operating in Power sector.
JSW Energy key Products/Revenue Segments include Power, Power Generation, Sale of services, Interest, Sale of Products and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 2596.27 Crore, down -16.66 % from last quarter Total Income of Rs 3115.33 Crore and up 16.04 % from last year same quarter Total Income of Rs 2237.36 Crore. Company has reported net profit after tax of Rs 451.73 Crore in latest quarter.
The company’s top management includes Mr.Sajjan Jindal, Mr.Prashant Jain, Mr.Pritesh Vinay, Mr.Sunil Goyal, Ms.Rupa Devi Singh, Mr.Munesh Khanna, Mr.Rajeev Sharma, Mr.Desh Deepak Verma. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2022, the company has a total of 164 Crore shares outstanding.
Investment Rationale
The brokerage believes the company is on the right growth track for energy transition but the same is already factored in the current valuations. JM Financial assumes coverage with a Sell rating on the stock with its FY25 SOTP-based target price of Rs 245 (implying 18% downside).
Promoter/FII Holdings
Promoters held 74.69 per cent stake in the company as of 30-Sep-2022, while FIIs owned 5.27 per cent, DIIs 0.17 per cent.
JSW Energy, incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 48786.64 Crore) operating in Power sector.
JSW Energy key Products/Revenue Segments include Power, Power Generation, Sale of services, Interest, Sale of Products and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 2596.27 Crore, down -16.66 % from last quarter Total Income of Rs 3115.33 Crore and up 16.04 % from last year same quarter Total Income of Rs 2237.36 Crore. Company has reported net profit after tax of Rs 451.73 Crore in latest quarter.
The company’s top management includes Mr.Sajjan Jindal, Mr.Prashant Jain, Mr.Pritesh Vinay, Mr.Sunil Goyal, Ms.Rupa Devi Singh, Mr.Munesh Khanna, Mr.Rajeev Sharma, Mr.Desh Deepak Verma. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2022, the company has a total of 164 Crore shares outstanding.
Investment Rationale
The brokerage believes the company is on the right growth track for energy transition but the same is already factored in the current valuations. JM Financial assumes coverage with a Sell rating on the stock with its FY25 SOTP-based target price of Rs 245 (implying 18% downside).
Promoter/FII Holdings
Promoters held 74.69 per cent stake in the company as of 30-Sep-2022, while FIIs owned 5.27 per cent, DIIs 0.17 per cent.
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