JSW Energy Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 41649.07 Crore) operating in Power sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1859.53 Crore, up 15.21 % from last quarter Total Income of Rs 1614.09 Crore and down -1.44 % from last year same quarter Total Income of Rs 1886.78 Crore. Company reported net profit after tax of Rs 205.42 Crore in latest quarter.
Investment Rationale
The co. has set its sights on improving its Renewables footprint, with plans to reach a total of 10GW of installed capacity by FY25 (v/s 4.5GW currently). PPAs have been signed for SECI IX (810MW) and captive projects (958MW).However, even as the brokerage build in the successful commissioning of 2.2GW of RE projects over the next 2–3 years, the current price rightly factors this in. The brokerage rolls forward valuation to FY24, with revised Target Price of INR180/sh (earlier: INR130/sh).
Promoter/FII Holdings
Promoters held 74.7 per cent stake in the company as of June 30, 2021, while FIIs held 5.9 per cent, DIIs 6.5 per cent and public and other 13 per cent.
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