JSW Holdings Ltd

JSWHL

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Market Cap

₹ 23,740 Cr

P/E

190.53

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Performance

MARKET LEADER

Valuation

OVERVALUED

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bullish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Jindal South West Holdings Limited (JSWHL) is a Non Banking Financial Company (NBFC) focusing on investing and financing within the Jindal Group of Companies.

JSWHL holds significant strategic investments, including a 7.42% stake in JSW Steel Limited, valued around Rs 15,000 Crores, reflecting its strong financial positioning.

The company has historically engaged in strategic partnerships, exemplified by its MOU with the Government of Andhra Pradesh to promote alumina and aluminum projects.

Having ceased its involvement with Jindal Overseas PTE Limited in 2018, JSWHL has streamlined its investment focus primarily within India.

JSWHL's strategic investments are pivotal to its business strategy, impacting its financial outcomes and growth prospects.

Sector

Finance

Industry

Finance - Investment / Others

Market Cap

23,740 Cr

Volatility

Low Risk

P/E Ratio

190.5

Industry P/E

30.0

PEG Ratio

21.0

P/B Ratio

0.7

52W High

27,760.50

52W Low

13,651.00

Sales CAGR

46.31%

10.05%

15.44%

10Y

19.39%

Profit CAGR

47.24%

9.08%

10.92%

10Y

18.96%

ROE

TTM

0.37%

0.80%

0.75%

10Y

0.87%

ROCE

TTM

0.47%

0.94%

0.88%

10Y

0.99%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
CHOLAHLDNG	1892.00	35,588 Cr	15.97	2.60	0.07	16.30	9.77	2.05
CRISIL	4480.00	32,642 Cr	43.57	11.59	1.25	25.83	31.55	17.71
ANANDRATHI	2989.00	24,748 Cr	72.06	30.61	0.47	42.48	53.95	30.80
JSWHL	21450.00	23,740 Cr	190.53	0.71	0.00	0.37	0.47	0.31
MAHSCOOTER	14141.00	16,168 Cr	52.20	0.49	0.99	0.94	0.93	0.96
ICRA	6045.40	5,835 Cr	31.03	5.37	0.99	17.29	22.66	13.85
CARERATING	1529.90	4,593 Cr	30.05	5.33	1.17	17.73	24.14	14.98

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue	26	89	27	27	27	162	29	29	30	84
Expenses	2.92	3.03	2.71	3.41	3.20	3.72	3.27	3.87	3.73	3.62
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financing Profit	23	86	25	24	24	158	26	26	26	80
Financing Margin %	88.82	96.60	90.07	87.37	88.25	97.71	88.81	86.86	87.60	95.67
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	23	86	25	24	24	158	26	26	26	80
Tax %	25.78	25.94	25.92	17.60	25.30	25.36	25.20	25.51	25.31	25.45
Net Profit	17	64	18	19	18	118	19	19	20	60
EPS in Rs	21.95	56.95	31.27	29.99	47.37	107.78	12.53	8.76	30.46	60.52
Gross NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	63	89	107	121	93	186	407	170	248	251
Expenses	3.95	4.80	5.38	5.53	5.01	5.75	5.90	12	14	15
Interest	0.00	0.00	0.00	0.00	0.07	0.00	0.00	0.00	0.00	0.00
Financing Profit	59	84	102	115	88	180	401	157	234	236
Financing Margin %	93.76	94.59	94.99	95.43	94.53	96.91	98.55	92.88	94.34	94.19
Other Income	0.00	0.28	0.02	0.00	0.00	0.00	0.00	0.00	0.00	NaN
Depreciation	0.02	0.03	0.04	0.03	0.03	0.01	0.00	0.00	0.00	0.00
Profit Before Tax	59	84	102	115	88	180	401	157	234	236
Tax %	20.21	19.15	13.83	9.87	25.08	25.38	25.26	24.66	25.35	25.36
Net Profit	47	68	88	104	66	135	300	119	175	176
EPS in Rs	—	—	—	96.17	67.96	136.66	298.65	140.16	176.44	112.27
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	11	11	11	11	11	11	11	11	11
Reserves	847	8,244	8,277	7,101	12,591	19,943	19,399	25,424	31,299
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	2.03	743	718	600	1,443	2,802	2,629	3,816	3,955
Total Liabilities	860	8,998	9,005	7,712	14,045	22,756	22,039	29,251	35,265
Fixed Assets	0.03	0.14	0.08	0.06	0.06	0.01	0.00	0.00	0.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	8,642	8,619	7,279	13,546	22,119	21,102	28,191	34,045
Other Assets	860	356	387	433	499	637	937	1,060	1,220
Total Assets	860	8,998	9,005	7,712	14,045	22,756	22,039	29,251	35,265

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	32	66	89	103	67	130	298	115	169
Cash from Investing Activity	-43	-58	-87	-108	-72	-131	-298	-112	-170
Cash from Financing Activity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	-11	7.93	2.01	-4.06	-4.84	-0.78	0.82	2.94	-0.67

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	66.29%	66.30%	66.30%	66.30%	66.30%	66.30%	66.30%	66.30%	66.27%	66.30%	66.30%	66.30%
FIIs	22.37%	22.37%	22.37%	22.36%	22.38%	21.42%	21.50%	21.70%	22.26%	22.62%	22.61%	22.64%
DIIs	0.07%	0.07%	0.08%	0.08%	0.07%	0.12%	0.13%	0.12%	0.12%	0.21%	0.30%	0.26%
Public	11.27%	11.26%	11.25%	11.26%	11.26%	12.16%	12.06%	11.88%	11.36%	10.87%	10.79%	10.81%
Total Shareholders	19,507	19,300	19,478	19,677	20,116	21,673	21,870	21,931	24,728	22,550	23,908	24,754

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Mar 21, 2024	Vikasa india eif i fund	Bulk	Buy	6,253.26	37.03 Cr	59,210	0.53
Mar 15, 2024	Jsw holdings employee welfare...	Insider - Other	Acquisition	6,787.99	0.07 Cr	100	0.00
Mar 15, 2024	Jsw holdings employee welfare...	Insider - Other	Acquisition	6,524.02	0.03 Cr	50	0.00
Mar 12, 2024	Jsw holdings employee welfare...	Insider - Other	Acquisition	6,951.88	0.03 Cr	50	0.00
Mar 12, 2024	Jsw holdings employee welfare...	Insider - Other	Acquisition	6,800.00	0.07 Cr	96	0.00
Mar 01, 2024	Jsw holdings employee welfare...	Insider - Other	Acquisition	6,477.00	0.06 Cr	100	0.00
Mar 01, 2024	Jsw holdings employee welfare...	Insider - Other	Acquisition	6,584.00	0.03 Cr	50	0.00
Mar 01, 2024	Jsw holdings employee welfare...	Insider - Other	Acquisition	6,650.00	0.03 Cr	50	0.00
Feb 20, 2024	Jsw holding employees welfare...	Insider - Other	Acquisition	6,395.19	0.19 Cr	300	0.00
Feb 12, 2024	Jsw holding employees welfare...	Insider - Other	Acquisition	5,884.27	0.09 Cr	148	0.00

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
CHOLAHLDNG	1892.00	35,588 Cr	15.97	2.60	0.07	16.30	9.77	2.05
CRISIL	4480.00	32,642 Cr	43.57	11.59	1.25	25.83	31.55	17.71
ANANDRATHI	2989.00	24,748 Cr	72.06	30.61	0.47	42.48	53.95	30.80
JSWHL	21450.00	23,740 Cr	190.53	0.71	0.00	0.37	0.47	0.31
MAHSCOOTER	14141.00	16,168 Cr	52.20	0.49	0.99	0.94	0.93	0.96
ICRA	6045.40	5,835 Cr	31.03	5.37	0.99	17.29	22.66	13.85
CARERATING	1529.90	4,593 Cr	30.05	5.33	1.17	17.73	24.14	14.98

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue	26	89	27	27	27	162	29	29	30	84
Expenses	2.92	3.03	2.71	3.41	3.20	3.72	3.27	3.87	3.73	3.62
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financing Profit	23	86	25	24	24	158	26	26	26	80
Financing Margin %	88.82	96.60	90.07	87.37	88.25	97.71	88.81	86.86	87.60	95.67
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	23	86	25	24	24	158	26	26	26	80
Tax %	25.78	25.94	25.92	17.60	25.30	25.36	25.20	25.51	25.31	25.45
Net Profit	17	64	18	19	18	118	19	19	20	60
EPS in Rs	21.95	56.95	31.27	29.99	47.37	107.78	12.53	8.76	30.46	60.52
Gross NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	63	89	107	121	93	186	407	170	248	251
Expenses	3.95	4.80	5.38	5.53	5.01	5.75	5.90	12	14	15
Interest	0.00	0.00	0.00	0.00	0.07	0.00	0.00	0.00	0.00	0.00
Financing Profit	59	84	102	115	88	180	401	157	234	236
Financing Margin %	93.76	94.59	94.99	95.43	94.53	96.91	98.55	92.88	94.34	94.19
Other Income	0.00	0.28	0.02	0.00	0.00	0.00	0.00	0.00	0.00	NaN
Depreciation	0.02	0.03	0.04	0.03	0.03	0.01	0.00	0.00	0.00	0.00
Profit Before Tax	59	84	102	115	88	180	401	157	234	236
Tax %	20.21	19.15	13.83	9.87	25.08	25.38	25.26	24.66	25.35	25.36
Net Profit	47	68	88	104	66	135	300	119	175	176
EPS in Rs	—	—	—	96.17	67.96	136.66	298.65	140.16	176.44	112.27
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	11	11	11	11	11	11	11	11	11
Reserves	847	8,244	8,277	7,101	12,591	19,943	19,399	25,424	31,299
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	2.03	743	718	600	1,443	2,802	2,629	3,816	3,955
Total Liabilities	860	8,998	9,005	7,712	14,045	22,756	22,039	29,251	35,265
Fixed Assets	0.03	0.14	0.08	0.06	0.06	0.01	0.00	0.00	0.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	8,642	8,619	7,279	13,546	22,119	21,102	28,191	34,045
Other Assets	860	356	387	433	499	637	937	1,060	1,220
Total Assets	860	8,998	9,005	7,712	14,045	22,756	22,039	29,251	35,265

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	32	66	89	103	67	130	298	115	169
Cash from Investing Activity	-43	-58	-87	-108	-72	-131	-298	-112	-170
Cash from Financing Activity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	-11	7.93	2.01	-4.06	-4.84	-0.78	0.82	2.94	-0.67

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overview

Detailed Summary

Jindal South West Holdings Limited (JSWHL) is a Non Banking Financial Company (NBFC) focusing on investing and financing within the Jindal Group of Companies.

JSWHL holds significant strategic investments, including a 7.42% stake in JSW Steel Limited, valued around Rs 15,000 Crores, reflecting its strong financial positioning.

The company has historically engaged in strategic partnerships, exemplified by its MOU with the Government of Andhra Pradesh to promote alumina and aluminum projects.

Having ceased its involvement with Jindal Overseas PTE Limited in 2018, JSWHL has streamlined its investment focus primarily within India.

JSWHL's strategic investments are pivotal to its business strategy, impacting its financial outcomes and growth prospects.

Sector

Finance

Industry

Finance - Investment / Others

Market Cap

23,740 Cr

Volatility

Low Risk

P/E Ratio

190.5

Industry P/E

30.0

PEG Ratio

21.0

P/B Ratio

0.7

52W High

27,760.50

52W Low

13,651.00

Sales CAGR

46.31%

10.05%

15.44%

10Y

19.39%

Profit CAGR

47.24%

9.08%

10.92%

10Y

18.96%

ROE

TTM

0.37%

0.80%

0.75%

10Y

0.87%

ROCE

TTM

0.47%

0.94%

0.88%

10Y

0.99%

Jsw Holdings Ltd

JSW Holdings Ltd

JSWHL

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Investment Checklist

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Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

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Technicals

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Peers

Price Chart Comparison

Financial Statements

AI Powered Summary

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Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Projection

Actions

Announcements

Documents

AI Mode

AI Mode

Technicals

Forecasts

Peers

Price Chart Comparison

Financial Statements

AI Powered Summary

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Projection

Oscillators

Neutral

Overall

Bullish

Moving Averages

Bullish

Overall

Bullish

JSW Holdings Ltd

JSWHL

AI Mode

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

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Announcements

Investment Checklist