| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 167 | 83.6 | +99.3% |
| EBITDA | 162 | 80.0 | +102.1% |
| EBITDA margin | 97.0% | 95.7% | +1.3 pts |
| Profit before tax | 162 | 80.0 | +102.1% |
| Net profit | 131 | 67.2 | +94.8% |
| EPS | ₹117.93 | ₹60.52 | +94.9% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 12,577 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 0.6 | 2.6 | 3.4 | 4.1 | 1.1 | ||
| 12,576 | — | — | — | — | ||
| 267 | 179 | 248 | 170 | 407 | ||
| — | −27.7% | +46.3% | −58.3% | — | ||
| 250 | 165 | 234 | 157 | 401 | ||
| 93.5% | 92.2% | 94.3% | 92.9% | 98.6% | ||
| 250 | 165 | 234 | 157 | 401 | ||
| 201 | 147 | 196 | 156 | 331 | ||
| 75.3% | 81.7% | 78.9% | 91.7% | 81.5% | ||
| ₹181.18 | ₹132.14 | ₹176.45 | ₹140.16 | ₹298.69 | ||
| — | −25.1% | +25.9% | −53.1% | — | ||
| — | 140 | 169 | 30.0 | 278 | ||
| — | −0.0 | 0.0 | 0.0 | 0.0 | ||
| 140 | 140 | 169 | 30.0 | 278 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 12,576.7 | |
| - Cash, Equiv & ST Investments | 1.1 | 4.1 | 3.4 | 2.6 | 0.6 | |
| Enterprise Value | — | — | — | — | 12,576.1 | |
| Revenue | 406.8 | 169.6 | 248.1 | 179.5 | 267.0 | |
| Growth %, YoY | — | -58.3 | +46.3 | -27.7 | — | |
| EBITDA | 400.9 | 157.5 | 234.0 | 165.4 | 249.7 | |
| Margin % | 98.55 | 92.88 | 94.34 | 92.18 | 93.51 | |
| EBIT | 400.9 | 157.5 | 234.0 | 165.4 | 249.6 | |
| Net Income | 331.5 | 155.6 | 195.8 | 146.6 | 201.1 | |
| Margin % | 81.50 | 91.74 | 78.93 | 81.72 | 75.32 | |
| EPS, Adj (current shares) | 298.69 | 140.16 | 176.45 | 132.14 | 181.18 | |
| Growth %, YoY | — | -53.1 | +25.9 | -25.1 | — | |
| Cash from Operations | 278.0 | 30.0 | 169.0 | 139.8 | — | |
| Capital Expenditures | -0.0 | -0.0 | -0.0 | -0.0 | — | |
| Free Cash Flow | 278.0 | 30.0 | 169.0 | 139.8 | 139.8 | |
Prices at the previous close · figures from the company's filings with NSE
JSW Holdings (NSE: JSWHL) had a market capitalisation of ₹12,578 crore at the previous close (₹11,332.00 a share), a PE ratio of 62.5 on the last four quarters' profit and a price-to-book ratio of 0.35. In FY26 its consolidated net profit was ₹147 crore on revenue of ₹179 crore; in Q2 FY27 (July–September 2026) it was ₹131 crore, up 94.8% year on year. It had no borrowings on 30 September 2026. Promoters held 66.29% of the shares on 30 September 2026.
JSW Holdings' PE ratio is 62.5 at the previous close (₹11,332.00 a share): a market capitalisation of ₹12,578 crore divided by consolidated net profit of ₹201 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹147 crore) it is 85.8.
JSW Holdings' net worth — shareholders' equity in its consolidated balance sheet — was ₹35,793 crore on 30 September 2026, up 6.6% from ₹33,582 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹12,578 crore at the previous close.
JSW Holdings' book value per share was ₹32,248.66 on 30 September 2026: shareholders' equity of ₹35,793 crore divided by the 1.11 crore shares in issue, up 6.6% from ₹30,259.50 a year earlier. The share price at the previous close was ₹11,332.00.
JSW Holdings' price-to-book (PB) ratio is 0.35 at the previous close: a market capitalisation of ₹12,578 crore divided by shareholders' equity (book value) of ₹35,793 crore on 30 September 2026. That is a book value of ₹32,248.66 per share against a share price of ₹11,332.00.
JSW Holdings' debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹35,793 crore. A year earlier, on 30 September 2025, it was 0.00.
On 30 September 2026, JSW Holdings' shares were held by promoters 66.29%, foreign portfolio investors (FII/FPI) 22.20%, domestic institutions (DII) 0.21% (including mutual funds at 0.18%) and retail and other non-institutional investors 11.30%. Over the year, FII holding was down 0.44 percentage points from 22.64% and DII holding was down 0.05 percentage points from 0.26%.
JSW Holdings' market capitalisation was ₹12,578 crore at the previous close: 1.11 crore shares at ₹11,332.00 each.
Yes. JSW Holdings had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹57 lakh of cash, bank balances and current investments.
In FY26, JSW Holdings' return on equity (ROE) was 0.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year).
JSW Holdings' basic earnings per share (EPS) were ₹132.14 in FY26, against ₹176.45 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹181.19.
Promoters held 66.29% of JSW Holdings on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, JSW Holdings generated ₹140 crore of cash from operations and spent ₹1.9 lakh on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹140 crore. In FY25 it was ₹169 crore.
JSW Holdings' latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: consolidated net profit ₹131 crore, up 94.8% from ₹67.2 crore in Q2 FY26; revenue from operations ₹167 crore, up 99.3% year on year.
In FY26 (April 2025–March 2026), JSW Holdings' consolidated net profit was ₹147 crore, down 25.1% from ₹196 crore in FY25, on revenue from operations of ₹179 crore (down 27.7%). Over three years, from FY23, net profit was down 55.8%.
In FY26, JSW Holdings earned net profit of ₹147 crore on revenue of ₹179 crore, against ₹1,696 crore on ₹58,155 crore for TVS Holdings. JSW Holdings' operating margin was 92.2% (TVS Holdings 13.3%) and its return on equity 0.5% (TVS Holdings 30.4%).
JSW Holdings has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against TVS Holdings, Pilani Investment and Industries Corporation and Nalwa Sons Investments: JSW Holdings' return on equity of 0.5% is the second highest of the four (TVS Holdings 30.4%, Pilani Investment and Industries Corporation 0.2%, Nalwa Sons Investments 0.3%; peer average 10.3%); its revenue growth over three years of −23.9% a year is the lowest of the four (TVS Holdings 20.1% a year, Pilani Investment and Industries Corporation 0.5% a year, Nalwa Sons Investments −8.4% a year; peer average 4.1% a year).
From JSW Holdings' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.