JSW Holdings Ltd is a core investment company (CIC) and is primarily engaged in the business of investing and financing.[1]
Revenue BreakupIn FY21, interest on loans accounted for ~53% revenues, followed by dividend income (39%) and pledge fees (8%).[1]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Jio Financial | 303.50 | 119.94 | 192914.77 | 0.16 | 695.04 | 0.87 | 981.39 | 41.51 | 1.47 | 2525.44 | 71.14 | 1608.45 | 695.04 | 1.43 | 1.16 | 0.08 |
| 2. | Aditya Birla Cap | 361.10 | 28.96 | 94496.35 | 0.00 | 882.47 | -14.09 | 10594.96 | 2.64 | 9.33 | 41693.04 | 36.34 | 3262.92 | 855.24 | 2.93 | 1.32 | 4.86 |
| 3. | Chola Financial | 1884.50 | 15.96 | 35556.52 | 0.07 | 1214.27 | 4.64 | 9461.41 | 16.95 | 10.57 | 36160.19 | 55.80 | 2228.18 | 549.92 | 2.59 | 2.36 | 13.68 |
| 4. | Tata Inv.Corpn. | 698.95 | 100.50 | 35353.35 | 0.39 | 148.16 | 19.78 | 153.98 | 8.07 | 1.21 | 319.58 | 87.61 | 351.79 | 148.16 | 1.11 | 0.92 | 0.00 |
| 5. | TVS Holdings | 15201.00 | 21.34 | 30739.25 | 0.61 | 880.08 | 59.15 | 14549.15 | 25.92 | 15.21 | 50450.82 | 15.80 | 1440.16 | 442.87 | 5.57 | 4.78 | 6.25 |
| 6. | JSW Holdings | 18900.00 | 178.12 | 20973.56 | 0.00 | 59.61 | -49.60 | 83.57 | -48.47 | 0.85 | 172.32 | 91.61 | 117.75 | 59.61 | 0.65 | 0.56 | 0.00 |
| 7. | Mah. Scooters | 13781.00 | 50.82 | 15740.22 | 1.16 | 267.07 | 76.68 | 271.02 | 66.10 | 0.59 | 312.73 | 98.11 | 309.75 | 267.07 | 0.48 | 0.55 | 0.00 |
| – | Median: 40 Co. | 462.82 | 36.76 | 930.4 | 0.0 | 11.91 | -7.44 | 18.17 | 2.73 | 1.98 | 53.62 | 51.93 | 29.41 | 11.41 | 0.78 | 1.05 | 0.0 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 26 | 27 | 29 | 26 | 27 | 30 | 24 | 27 | 29 | 337 | 89 | 162 | 84 |
Expenses | 1 | 3 | 3 | 3 | 3 | 4 | 1 | 3 | 4 | 2 | 3 | 4 | 4 |
Operating Profit | 25 | 25 | 26 | 23 | 24 | 26 | 23 | 24 | 26 | 335 | 86 | 158 | 80 |
Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 25 | 25 | 26 | 23 | 24 | 26 | 23 | 24 | 26 | 335 | 86 | 158 | 80 |
Tax % | 25% | 26% | 25% | 26% | 25% | 25% | 25% | 18% | 26% | 25% | 26% | 25% | 25% |
Net Profit | 18 | 18 | 19 | 17 | 18 | 20 | 17 | 19 | 19 | 251 | 64 | 118 | 60 |
EPS in Rs | 16.62 | 16.42 | 17.48 | 15.51 | 16.17 | 17.72 | 15.64 | 17.50 | 17.18 | 225.83 | 57.47 | 106.55 | 53.70 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 43 | 49 | 50 | 63 | 89 | 107 | 121 | 93 | 186 | 407 | 170 | 248 | 172 |
Expenses | 2 | 3 | 4 | 4 | 5 | 5 | 6 | 5 | 6 | 6 | 12 | 14 | 14 |
Operating Profit | 41 | 46 | 47 | 59 | 84 | 102 | 115 | 88 | 180 | 401 | 157 | 234 | 158 |
Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 41 | 46 | 47 | 59 | 84 | 102 | 115 | 88 | 180 | 401 | 157 | 234 | 158 |
Net Profit | 33 | 37 | 37 | 47 | 68 | 88 | 104 | 66 | 135 | 300 | 119 | 175 | 118 |
EPS in Rs | 29.69 | 33.07 | 32.98 | 42.69 | 61.25 | 79.12 | 93.75 | 59.20 | 121.27 | 269.93 | 106.90 | 157.39 | 106.08 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
Reserves | 713 | 750 | 786 | 834 | 8,103 | 8,168 | 7,052 | 12,496 | 19,660 | 18,982 | 24,463 | 30,441 | 32,495 |
Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 2 | 2 | 2 | 2 | 743 | 718 | 600 | 1,443 | 2,802 | 2,629 | 3,816 | 3,955 | 4,283 |
Total Liabilities | 726 | 763 | 799 | 847 | 8,858 | 8,897 | 7,663 | 13,950 | 22,473 | 21,622 | 28,290 | 34,407 | 36,789 |
Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross Block | 0.11 | 0.11 | 0.11 | 0.11 | 0.17 | 0.14 | 0.14 | 0.17 | 0.03 | 0.03 | 0.03 | – | – |
Accumulated Depreciation | 0.02 | 0.05 | 0.07 | 0.08 | 0.03 | 0.06 | 0.08 | 0.11 | 0.02 | 0.03 | 0.03 | – | – |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 537 | 533 | 543 | 517 | 8,502 | 8,511 | 7,230 | 13,451 | 21,836 | 20,685 | 27,231 | 33,187 | 35,496 |
Other Assets | 188 | 229 | 256 | 330 | 356 | 387 | 433 | 499 | 637 | 938 | 1,060 | 1,220 | 1,294 |
Total Assets | 726 | 763 | 799 | 847 | 8,858 | 8,897 | 7,663 | 13,950 | 22,473 | 21,622 | 28,290 | 34,407 | 36,789 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 30 | 37 | 36 | 32 | 66 | 89 | 103 | 67 | 130 | 298 | 115 | 169 |
Cash from Investing Activity | -30 | -38 | -25 | -43 | -58 | -87 | -108 | -72 | -131 | -298 | -112 | -170 |
Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net Cash Flow | -0 | -1 | 11 | -11 | 8 | 2 | -4 | -5 | -1 | 1 | 3 | -1 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 31 | 2 | 2 | 13 | 16 | 8 | 3 | 10 | 6 | 2 | 4 | 0 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 31 | 2 | 2 | 13 | 16 | 8 | 3 | 10 | 6 | 2 | 4 | 0 |
Working Capital Days | 71 | 1,224 | 454 | 74 | 48 | 36 | 35 | 42 | 32 | 14 | 37 | -3 |
ROCE % | 6% | 6% | 6% | 7% | 2% | 1% | 2% | 1% | 1% | 2% | 1% | 1% |
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