Acts as a Core Investment Company (CIC) within the JSW Group, holding equity in group firms and extending loans to them. In FY26, standalone revenue of Rs 179.45 crore came from interest income of Rs 11,971.03 lakh and dividend income of Rs 5,193.76 lakh. The 25th AGM agenda for August 6, 2026 includes shareholder approval to extend loans up to Rs 2,000 crore to six JSW Group related parties and to pledge up to 10 crore JSW Steel shares as security for related-party borrowings. The operating set-up is minimal — 3 permanent employees per the FY26 BRSR filing — so employee cost at 5.8% of revenue and other opex at 2.0% of revenue are the only material cost lines, leaving an EBITDA margin of 90.82%. Net worth of Rs 3,198 crore sits against total assets of Rs 37,202.63 crore, reflecting the carrying value of its group-firm investments. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Interest income, Dividend income. Asset-heavy holding and investment company; concentration risk tied entirely to JSW Group firms
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 186 | 407 | 170 | 248 | 179 |
| EBITDA (ex other income) | 180 | 401 | 157 | 234 | 163 |
| margin % | 96.9 | 98.5 | 92.9 | 94.3 | 90.8 |
| Owners' profit | 152 | 0 | 156 | 196 | 147 |
| EPS, as reported (₹) | 136.66 | 298.72 | 140.18 | 176.45 | 132.14 |
| ROE % · ROCE % | 0.8 · — | 1.7 · — | 0.6 · — | 0.6 · — | 0.4 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 130 | 278 | 30 | 169 | 140 |
| Capex | 0 | 0 | 0 | 0 | (0) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 162 | 29 | 29 | 30 | 84 | 33 | 33 | 35 |
| Profit before tax | 158 | 26 | 26 | 26 | 80 | 26 | 30 | 29 |
| Net profit | 118 | 14 | 10 | 34 | 67 | 32 | 14 | 25 |
| EPS (₹) | 107.80 | 12.51 | 8.76 | 30.47 | 60.52 | 28.94 | 12.21 | 22.11 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JIO FIN SERVICES LTD | 1,51,806 | 71.4 | 1.13 | 64.0 | 1.2 | — | — | 70.7 |
| ADITYA BIRLA CAPITAL LTD. | 1,08,001 | 25.2 | 2.94 | 6.3 | 10.5 | — | 18.8 | 40.8 |
| L&T FINANCE LIMITED | 77,411 | 24.3 | 2.76 | 6.7 | 10.6 | — | 5.5 | 62.3 |
| TATA INVESTMENT CORP LTD | 32,839 | 76.2 | 1.12 | 90.8 | 1.5 | — | 19.5 | 92.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Sept 2026 · JSW Holdings publishes notice on physical shares demat facility | compliance | minimal | — | — |
| 7 Aug 2026 · 25th AGM voting results: All 5 resolutions passed | compliance | minimal | — | — |
| 7 Aug 2026 · JSW Holdings AGM 2026: All 5 resolutions passed by shareholders | board shareholder meetings | low | — | — |
| 7 Aug 2026 · Newspaper publication of Q1 FY27 financial results | compliance | minimal | — | — |
| 6 Aug 2026 · JSW Holdings 25th AGM concludes; 5 resolutions passed including RPT approvals | board shareholder meetings | medium | — | — |
| 6 Aug 2026 · JSW Holdings Q1 FY27 results: standalone PAT up 9%, consolidated PAT down 27% | results | high | — | — |
| 6 Aug 2026 · JSW Holdings Q1 FY26-27 results: Standalone PAT Rs 21.47 cr, Consolidated Rs 24.54 cr | results | high | — | — |
| 16 Jul 2026 · Reg 74(5) certificate filing for Q1 FY27 | compliance | minimal | — | — |
| 16 Jul 2026 · Newspaper publication regarding 25th AGM notice and e-voting information | compliance | minimal | — | — |
| 15 Jul 2026 · JSW Holdings informs shareholders about 25th AGM and Annual Report access | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| CHOLAMANDALAM FIN HOL LTD |
| 28,902 |
| 10.8 |
| 0.85 |
| 0.9 |
| 16.2 |
| — |
| 23.0 |
| 58.4 |
| TVS HOLDINGS LIMITED | 26,292 | 13.3 | 2.04 | 2.4 | 26.3 | — | 23.4 | 16.4 |
| MAHARASHTRA SCOOTERS LTD | 14,802 | 53.1 | 0.54 | — | 1.1 | — | — | 84.1 |
| JSW HOLDINGS LIMITED ◆ | 12,763 | 92.9 | 0.39 | 78.3 | 0.4 | — | 14.1 | 84.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 92.9 | 23.7 | 48 of 52 | 8% |
| P/B | 0.4 | 0.7 | 21 of 60 | 66% |
| ROE | 0.4 | 1.3 | 45 of 67 | 33% |
| Debt / Equity | 0.0 | 0.0 | 1 of 67 | 15% |
| EBITDA margin | 84.0 | 61.6 | 23 of 62 | 64% |
| Revenue growth | 15.0 | 13.6 | 28 of 56 | 51% |
| Profit growth | (27.4) | 10.7 | 43 of 66 | 35% |
| Market cap | 12763 | 376 | 8 of 65 | 89% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
