JSW Holdings Limited is a non-banking financial company (NBFC) primarily engaged in investing and financing activities in India. The company also grants loans, provides securities, and invests in securities. Incorporated on July 12, 2001, as a Non Banking Financial Company (NBFC) registered with Reserve Bank of India (RBI), JSW Holdings serves as the investment arm of the JSW Group.
JSW Holdings Ltd is a core investment company (CIC) and is primarily engaged in the business of investing and financing. The company's primary business segment is Investing and Financing, deriving revenue from Interest Income, Dividend Income, and Pledge Fees. In FY21, interest on loans accounted for approximately 53% of revenues, followed by dividend income at 39% and pledge fees at 8%.
The company operates as a strategic investment vehicle for the JSW Group, focusing on building and maintaining significant stakes in various group companies and other strategic investments. The company's main holdings are in the Group's Steel companies, and with the steel sector on the growth path, JSW Holdings is on a sound financial footing.
As of March 31, 2024, the Company holds 7.42% equity shares of JSW Steel Limited, the market value of which stands close to Rs 15,000 Crores. The Company also holds other strategic investment in Group Companies. JSW Holdings Limited has holdings in 6 stocks as per public records as of Q1 2025.
The company's investment strategy is closely aligned with the JSW Group's diversified business portfolio, which spans across multiple sectors including steel, energy, infrastructure, cement, paints, and emerging areas like defense and green mobility.
JSW Holdings Ltd has a market capitalisation of ₹24,099 Cr as on 27-Jun-2025. As of Jul 07, 2025, the market cap of JSW Holdings Ltd stood at Rs. 24,841.80 Cr. As per Value Research classification, it is a Mid Cap company.
The company's financial performance reflects its strategic positioning within the JSW ecosystem:
- **Revenue (FY24)**: ₹248 Crore
- **Profit After Tax (FY24)**: ₹196 Crore
- **Q1 FY25 Profit**: ₹9.72 crore on total income of ₹29.46 crore
- **FY24 Profit**: ₹118.65 crore on total income of ₹169.56 crore
JSW Holdings Ltd has given a return of 89.28% in the last 3 years. Over the last 12 months, JSW Holdings share price moved up by 229.77% on BSE, while over the last 3 years, the share price moved up by 569.13% on BSE.
Promoter holding in JSW Holdings Ltd has remained stable at 66.28 per cent as of Mar 2025 from 66.28 per cent as of Jun 2024. There is no promoter pledging in JSW Holdings Ltd. The company is almost debt free.
The company maintains strong corporate governance practices and regularly updates stakeholders through board meetings and regulatory filings. JSW Holdings appointed Secretarial Auditor for 5 years and Internal Auditor for FY 2025-26.
The P/B ratio of JSW Holdings Ltd is 0.77 times as on 27-Jun-2025, representing a 57% discount to its peers' median range of 1.79 times. The P/E ratio of JSW Holdings Ltd is 123.07 times as on 27-Jun-2025, showing a 364% premium to its peers' median range of 26.50 times.
The company's valuation metrics reflect its unique position as an investment holding company within the JSW Group structure, where the value is primarily derived from underlying investments in operational businesses across various sectors.
JSW Group is an Indian multinational conglomerate based in Mumbai, led by Sajjan Jindal and founded by Om Prakash Jindal. The group's diverse businesses include steel, energy, infrastructure, cement, automotive and paints, across India, the United States, South America, and Africa.
The group has been actively expanding its portfolio through strategic acquisitions and investments. In December 2024, the company acquired a 4,696 MW renewable energy platform from O2 Power Pooling Pte, owned by EQT Infrastructure and Temasek, for ₹12,468 crore. In December 2024, JSW Group entered the non-ferrous metals sector by adding copper to its metal portfolio through the acquisition of two Jharkhand copper mines from Hindustan Copper.
The strong performance of JSW Holdings reflects the underlying strength and growth prospects of the JSW Group's diversified business operations, making it an attractive investment vehicle for those seeking exposure to India's industrial and infrastructure growth story.
