Buy JSW Energy, target price Rs 565: Axis Securities

Axis Securities has a buy call on JSW Energy with a target price of Rs 565. The current market price of JSW Energy Ltd. is Rs 524.65. JSW Energy, incorporated in 1994, is a Mid Cap company with a market cap of Rs 91294.69 crore, operating in the Power sector.

JSW Energy Ltd. key Products/Revenue Segments include Power, Power Generation, Sale of services, Sale of Products, Interest, Other Operating Revenue for the year ending 31-Mar-2024.

Financials

For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 2640.04 Crore, down -23.69 % from last quarter Total Income of Rs 3459.40 Crore and down -.80 % from last year same quarter Total Income of Rs 2661.41 Crore. Company has reported net profit after tax of Rs 152.28 Crore in latest quarter.

The company's top management includes Mr.Sajjan Jindal, Mr.Desh Deepak Verma, Mr.Rajeev Sharma, Mr.Munesh Khanna, Mr.Sunil Goyal, Ms.Rupa Devi Singh, Mr.Pritesh Vinay, Mr.Parth Jindal, Mr.Ashok Ramachandran, Mr.Sharad Mahendra, Mr.Rajiv J Chaudhri. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-12-2024, the company has a total of 175 Crore shares outstanding.

Investment Rationale
Axis Securities believes that with the recent price corrections and expected pick-up in demand in the summer, the current CMP provides a good entry point. The brokerage recommends a BUY rating on the stock with a target price of Rs 565/share, implying an upside of 10% from the CMP.

Promoter/FII Holdings
Promoters held 69.32 per cent stake in the company as of 31-Dec-2024, while FIIs owned 14.57 per cent, DIIs 9.93 per cent.