JSW Energy was listed on the NSE on January 4, 2010. In the last five years, its stock has given a massive return of around 1000%. Will JSW Energy continue to provide such great returns in the future as well? Let’s explore JSW Energy’s growth potential and the JSW Energy share price target 2025 to 2050 in this article.
About JSW Energy
JSW Energy was established in 1994. It is part of the JSW Group and focuses on electricity generation, transmission, and trading. The company operates thermal, hydro, and renewable energy plants across India.
JSW Energy Business Model
- Power Generation Business: JSW Energy is one of India’s top private sector power producers. It generates electricity through a balanced mix of thermal, hydro, and renewable energy sources. The company owns and operates power plants in Maharashtra, Rajasthan, Karnataka, and Himachal Pradesh, with a total installed capacity of over 6,800 megawatts as of 2023. Most of the power is sold through long-term Power Purchase Agreements (PPAs) to state electricity boards and large industrial customers, ensuring a stable and recurring revenue stream.
- Renewable Energy Growth Focus: JSW Energy is rapidly expanding into solar and wind projects, with a vision to achieve 20 GW of total capacity by 2030, of which a significant portion will be from renewable sources.
- Project Development & Engineering Services: JSW Energy has in-house expertise in project development, engineering, procurement, and construction (EPC) services. This allows the company to execute its power projects efficiently and cost-effectively. The ability to control project timelines and costs gives JSW Energy a strategic edge in the competitive power sector.
JSW Energy Fundamental Analysis
| Stock Name | JSW Energy Ltd. |
|---|---|
| NSE Symbol | JSWENERGY |
| Market Cap | ₹ 88,061 Cr. |
| 52W High | ₹ 805 |
| 52W Low | ₹ 419 |
| Stock P/E | 45.1 |
| Book Value | ₹ 157 |
| Dividend Yield | 0.40 % |
| ROCE | 6.80 % |
| ROE | 8.10 % |
| Face Value | ₹ 10.0 |
| Industry PE | 27.7 |
| Price to book value | 3.22 |
| Debt to equity | 1.83 |
| PEG Ratio | 3.20 |
| Quick ratio | 0.95 |
| Shareholders | March 2023 | March 2024 | March 2025 |
|---|---|---|---|
| Promoters | 74.66% | 73.67% | 69.26% |
| FIIs | 5.18% | 8.37% | 13.43% |
| DIIs | 10.06% | 9.29% | 10.94% |
| Public | 9.84% | 8.45% | 6.21% |
| Others | 0.25% | 0.21% | 0.14% |
| No. of Shareholders | 2,65,138 | 3,60,241 | 5,43,336 |
Key Factors Driving JSW Energy Future Growth
- Government Focus on Green Energy Transition: The Indian government is strongly promoting renewable energy to meet its climate goals and ensure sustainable development. With the target of achieving 500 GW of non-fossil fuel capacity by 2030, companies like JSW Energy, which are actively transitioning to green energy, will benefit from this transition.
- Aggressive Capacity Expansion Plans: JSW Energy plans to increase its total power generation capacity from approximately 6.8 GW to 20 GW by 2030. Out of this, 85% is targeted to come from renewable sources. This large-scale expansion, mainly through solar and wind projects, will significantly enhance the company’s revenue potential and market position in India’s power sector.
- Entry into Energy Storage and Green Hydrogen: To support India’s energy transition, JSW Energy is foraying into energy storage systems and green hydrogen production. These emerging segments are expected to play a key role in the future energy landscape. JSW’s early investments in battery storage and green hydrogen can open up new revenue streams and strengthen its renewable energy portfolio.
- Strong Financial Performance and Strategic Acquisitions: JSW Energy has consistently demonstrated stable financial growth, supported by a robust balance sheet and healthy cash flows. Its strategic acquisition of renewable assets, such as Mytrah Energy’s portfolio, has boosted its renewable capacity and diversified its project base.
Pros of JSW Energy
- Increase in DIIs Holding: Domestic Institutional Investors (DIIs) have increased their holding from 10.05% in December 2024 to 10.94% in March 2025, which indicates growing confidence in JSW Energy’s future potential by the DIIs.
Cons of JSW Energy
- Poor Sales Growth – JSW Energy has delivered a poor sales growth of 2% CAGR over the last ten years.
- Poor Profit Growth – JSW Energy has delivered a poor profit growth of 3% CAGR over the last ten years.
- High Financial Risk: JSW Energy has a high debt-to-equity ratio of 1.10, indicating a strong dependency on debt. This increases financial risk, raises interest costs, and may have an impact on profitability.
- High Price to Book Value: JSW Energy’s stock is trading at a Price-to-Book Value (P/B) ratio of 3.37, which indicates that it is significantly overvalued compared to its book value.
- Overvaluation Concern: JSW Energy’s stock is trading at a PE ratio of 51.1, which is relatively higher than the industry average of 28.5, indicating that the stock may be overvalued compared to its peers.
- Low Return on Equity (ROE): JSW Energy’s 5-year average ROE is 8.20%, which indicates inefficient use of shareholder funds to generate profits.
- Low Return on Capital Employed (ROCE): JSW Energy’s 5-year average ROCE is 8.75%, indicating inefficient use of capital to generate profits.
- Decrease in FIIs Holding: Foreign Institutional Investors (FIIs) have reduced their holding from 14.57% in December 2024 to 13.43% in March 2025, indicating a decline in FII’s confidence in the company’s future growth prospects.
By the end of 2025, the JSW Energy share price is expected to be around ₹700 in normal conditions. In a bear market, it might be ₹640, and in a bull market, it may go up to ₹800.
| JSW Energy Share Price Target 2025 | Rupees (₹) |
|---|---|
| Bear Market | 640 |
| Normal Market | 700 |
| Bull Market | 800 |
In a normal situation, the JSW Energy share price is projected to be approximately ₹2000 in 2030. In a bear market, the value may be as low as ₹1600, while in a bull market, it may rise to ₹3000.
| JSW Energy Share Price Target 2030 | Rupees (₹) |
|---|---|
| Bear Market | 1600 |
| Normal Market | 2000 |
| Bull Market | 3000 |
By 2035, the JSW Energy share price is projected to be around ₹4500 under normal conditions. In adverse markets, the price could fall to ₹3200, while favorable conditions might push it up to ₹8800.
| JSW Energy Share Price Target 2035 | Rupees (₹) |
|---|---|
| Bear Market | 3200 |
| Normal Market | 4500 |
| Bull Market | 8800 |
Under normal conditions, the JSW Energy share price might hit ₹8000 by 2040. A bearish trend could lower it to ₹6500, whereas a bullish surge could raise it to ₹26000.
| JSW Energy Share Price Target 2040 | Rupees (₹) |
|---|---|
| Bear Market | 6500 |
| Normal Market | 8000 |
| Bull Market | 26000 |
In 2050, the JSW Energy share price is expected to be around ₹35000 in a normal situation. In a bear market, it might be ₹25000, and in a bull market, it may go up to ₹1,50,000.
| JSW Energy Share Price Target 2050 | Rupees (₹) |
|---|---|
| Bear Market | 25000 |
| Normal Market | 35000 |
| Bull Market | 1,50,000 |
| Years | Target Price |
|---|---|
| JSW Energy Share Price Target 2025 | ₹640 to ₹800 |
| JSW Energy Share Price Target 2026 | ₹750 to ₹1050 |
| JSW Energy Share Price Target 2027 | ₹950 to ₹1350 |
| JSW Energy Share Price Target 2028 | ₹1100 to ₹1750 |
| JSW Energy Share Price Target 2029 | ₹1300 to ₹2250 |
| JSW Energy Share Price Target 2030 | ₹1600 to ₹3000 |
| JSW Energy Share Price Target 2035 | ₹3200 to ₹8800 |
| JSW Energy Share Price Target 2040 | ₹6500 to ₹26000 |
| JSW Energy Share Price Target 2050 | ₹25000 to ₹150000 |
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
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