JSW Energy share price today

JSW Energy Ltd's share price was ₹511.00 at the close on 4 November 2026. It has been falling for 4 weeks. That is 2.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹441 and ₹595, and at that close it sat 46% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today JSW Energy Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 19 weeks running.

Over the last 11 years the share price moved +640% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 3 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

1. Revenue up on a year earlier for 7 quarters in a row

   In the September 2026 quarter revenue was ₹6,368 crore, +23% on a year earlier.

   Why: Revenue rose because the company ran its thermal plants at higher use and produced more electricity.

   Next results: check whether less power is lost to grid limits as temporary grid access turns permanent by the end of the current quarter.

   From the earnings call on 28 Oct 2026.

3. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row

   From 14.3% to 16.7% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), JSW Energy reported revenue of ₹6,368 crore, up 23.0% from ₹5,177 crore a year earlier, and a profit of ₹1,141 crore, up 38.5% from ₹824 crore.

JSW Energy results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

JSW Energy's management discussed these results on a call held on 28 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

JSW Energy closed at ₹511.00 on 4 November 2026, down 1.6% from ₹519.15 a year earlier (7 November 2025) and up 53.7% over five years. Its highest weekly close since March 2016 was ₹782.35 on 20 September 2024.

JSW Energy share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: JSW Energy closed at ₹511.00, up 2.1% on the week and up 5.4% on the month. 28 Oct 2026: JSW Energy held its results call for July to September 2026. Management guided: FY27 3 GW commissioning goal reaffirmed with balance backed by secured land, transmission, equipment and long-term agreements.

Earlier

• Results for July to September 2026: Revenue up 23.0% and profit up 38.5% on a year earlier.
• 5 Jun 2026: ex-date for a dividend of ₹2 a share.

JSW Energy paid ₹2 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.39% at the ₹511.00 close on 4 November 2026. The last was a dividend of ₹2 a share, ex-date 5 June 2026.

JSW Energy dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. JSW Energy Ltd paid out 16% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 28 October 2026, JSW Energy's management guided: FY27 3 GW commissioning goal reaffirmed with balance backed by secured land, transmission, equipment and long-term agreements.

“To us, the conclusion is simple: renewables and thermal are not competing; they are complementary.Sharad Mahendra, on the call for July to September 2026

What management guided

• FY27 capital spending around ₹20,000 crore funded by close to ₹6,500 crore cash accruals leaving end-year net debt near ₹72,000 crore.
• About 1 GWh standalone battery storage commissioning in FY27 for utility contracts in two states without coupled solar.
• KSK brownfield 600 MW unit in FY28 with balance 1,200 MW in FY29 on ready common infrastructure and local equipment orders.
• Salboni first 800 MW unit commissioning in 2030 with turbine orders secured for full scope and boiler placed with own facility.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 28 October 2026.

The changes showing up in JSW Energy's own numbers are a bigger order book. It is too early to say whether they last.

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Checked against results and calls up to April to June 2026, 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

4 documented guidance misses in 4 concalls; connectivity narrative reversed 180 degrees between Jan and May 2026.

The main risks

• Management guidance credibility and execution consistency: 4 documented guidance misses in 4 concalls; connectivity narrative reversed 180 degrees between Jan and May 2026. ⚠ estimate
• Grid evacuation infrastructure bottleneck: Grid evacuation running at 63% of plan; JSW's insulation claim was contradicted by actual commissioning delays. ⚠ estimate
• Elevated leverage during peak capital spending phase: Net debt 5.0x operating profit; 20,000 Cr FY27 capital spending adds to net debt base of approximately 55,000 Cr. ⚠ estimate
• KSK UP tariff step-down FY27: 1.25/unit UP tariff cut on 1,000 MW from FY27 = approximately 1,000 Cr operating profit headwind vs FY26 KSK run-rate. ⚠ estimate

Our read after the latest results, written 22 August 2026.

When JSW Energy reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: First-half FY27 additions reach the guided 1.5 GW (1.1 GW done by July) and Sep 2026 quarter operating profit beats the Sep 2025 figure of ₹2,996 crore.

JSW Energy is on 2 of our India lists: Small & mid cap stocks and Power & green energy stocks.

JSW Energy Ltd earned ₹1,141 Cr of net profit in the Sep 2026 quarter, +38.5% on the same quarter a year earlier. Full-year FY26 profit was ₹2,762 Cr. Over 10 years profit has grown 6.6% a year on average. That is 17.9% of the quarter's revenue. The same quarter a year earlier earned ₹824 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹2,762 Cr (+39.3% on the year before).

Why profit moved: revenue changed +23.0% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +69.4% and revenue +33.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY27-Q1. revenue ₹5,207 Cr and profit ₹533 Cr as reported.

FY27-Q2. revenue ₹6,368 Cr and profit ₹1,141 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

JSW Energy Ltd reported ₹6,368 Cr of revenue in the Sep 2026 quarter, +23.0% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 10 years it has grown 6.8% a year on average. The last full year, FY26, came in at ₹18,901 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹20,156 Cr.

FY26 revenue was ₹18,901 Cr, +60.9% on the year before.

Recent pace: the last four quarters grew +33.2% on average, against 6.8% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +26.4%, against +32.9% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +24.4%, against +18.2% a year (accelerating).

FY27-Q1. revenue ₹5,207 Cr and profit ₹533 Cr as reported.

FY27-Q2. revenue ₹6,368 Cr and profit ₹1,141 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

JSW Energy Ltd's operating margin was 57.0% in the Sep 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 31.0% and 53.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. KSK delivered 3,300 Cr EBITDA in FY26 at 93% PLF; FY27 base case 2,700 Cr post-UP tariff reduction of 1.25/unit on 1,000 MW, management guided cost synergies (rail efficiency, fuel logistics savings, full-year O&M benefits) to offset the pricing headwind and deliver above base case

Why the margin moved: operating margin changed −1.1 percentage points on the year while gross margin changed −1.0 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

FY27-Q1. revenue ₹5,207 Cr and profit ₹533 Cr as reported.

FY27-Q2. revenue ₹6,368 Cr and profit ₹1,141 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Over the last 3 years, 309% of JSW Energy Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹9,898 Cr of operating cash against ₹2,762 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹30,737 Cr of spending on assets, free cash was −₹20,839 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 309% of profit came in as cash: the cash cycle got 20 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 10.6× depreciation over three years. The next section checks what that spending is building.

JSW Energy Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 31 days in FY26, down from 51 days in FY21. It spent ₹68,653 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. 14 GW under-construction pipeline is 100% contracted under long-term PPAs; as each GW commissions it contributes approximately 750 Cr EBITDA at the 75 lakh/MW annual run-rate; 3 GW FY27 addition implies potential 2,250 Cr incremental EBITDA at full-year run-rate

At FY26 sales of ₹18,901 Cr, each day of that cycle ties up about ₹51.8 Cr, so roughly ₹1,605 Cr is tied up in the business at any time.

Spending on assets: ₹68,653 Cr over the last 3 years, against ₹6,473 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹17,465 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

JSW Energy Ltd's P/E is 39.8×, in the middle of its own history: higher than 63% of past readings. Its usual P/E (the middle reading) is 24.4×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.