JSWHL
JSW Holdings share price & financials
- Price
- ₹10,981
- Market cap
- ₹12.7k Cr
- Sector
- Financial Services
What JSW Holdings Limited does
JSW Holdings Limited is an investment holding company within the O.P. Jindal Group (JSW Group), incorporated in 2001 and classified under the financial-services / holding-company activity code on its CIN. It earns primarily through returns on the shareholdings and investments it holds in group and other companies rather than by selling any product or operating service. The company is run by a small board and a Whole-time Director who also serves as CEO & CFO, and its equity shares trade on both the NSE and BSE.
- Group affiliation
- O.P. Jindal Group (JSW Group)
- Stock exchange listing
- Listed on NSE (symbol JSWHL) and BSE (scrip code 532642)
- Board composition
- 6-member Board of Directors, including 3 Independent Directors
Quarterly results
Q1 FY27: revenue up 16.7%, net profit down 26.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 162 | 29 | 29 | 30 | 84 −48% | 33 +14% | 33 +14% | 35 +17% |
| EBITDA | 158 | 26 | 26 | 26 | 80 −49% | 29 +12% | 21 −19% | 29 +12% |
| Net profit | 120 | 14 | 10 | 34 | 67 −44% | 32 +129% | 14 +40% | 25 −26% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −40.7% 1Y
1Y: ₹19,300 on 10 Sept 2025 → ₹11,449. High ₹22,165 (2 Dec 2025), low ₹10,655 (23 Jul 2026).
Financials, as filed
Revenue fell 23.7% a year over 3 years, FY23 to FY26. Operating margin narrowed to 86.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹406 Cr | ₹169 Cr | ₹247 Cr | ₹180 Cr |
| Operating profit | ₹401 Cr | ₹158 Cr | ₹234 Cr | ₹156 Cr |
| Operating margin | 98.8% | 93.5% | 94.7% | 86.7% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹332 Cr | ₹155 Cr | ₹197 Cr | ₹147 Cr |
| Net margin | 81.8% | 91.7% | 79.8% | 81.7% |
| Cash from operations | ₹298 Cr | ₹115 Cr | ₹169 Cr | ₹140 Cr |
| Free cash flow | ₹298 Cr | ₹115 Cr | ₹169 Cr | ₹140 Cr |
| ROCE | 2.0% | 1.0% | 1.0% | 1.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr |
| Reserves | ₹12.6k Cr | ₹19.9k Cr | ₹19.4k Cr | ₹25.4k Cr | ₹33.6k Cr | ₹33.0k Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹1.4k Cr | ₹2.8k Cr | ₹2.6k Cr | ₹3.8k Cr | ₹4.3k Cr | ₹4.2k Cr |
| Total liabilities | ₹14.0k Cr | ₹22.8k Cr | ₹22.0k Cr | ₹29.3k Cr | ₹37.9k Cr | ₹37.2k Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹13.5k Cr | ₹22.1k Cr | ₹21.1k Cr | ₹28.2k Cr | ₹36.6k Cr | ₹35.8k Cr |
| Other assets | ₹499 Cr | ₹637 Cr | ₹938 Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.4k Cr |
| Total assets | ₹14.0k Cr | ₹22.8k Cr | ₹22.0k Cr | ₹29.3k Cr | ₹37.9k Cr | ₹37.2k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +0.45 pp while FIIs trimmed −0.33 pp. The shareholder count grew 18% to 28,192.
- Promoters
- 66.3%
- FIIs
- 22.3%
- DIIs
- 0.2%
- Public
- 11.2%
- Others
- 0.0%
Since Jun 2025
- Public +0.45 pp
- FIIs −0.33 pp
- DIIs −0.13 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 66.3%, FIIs 22.4%, DIIs 0.0%, Public 11.3%, Others 0.0%.Dec '23: Promoters 66.3%, FIIs 22.4%, DIIs 0.0%, Public 11.3%, Others 0.0%.Mar '24: Promoters 66.3%, FIIs 21.4%, DIIs 0.1%, Public 12.2%, Others 0.0%.Jun '24: Promoters 66.3%, FIIs 21.5%, DIIs 0.1%, Public 12.1%, Others 0.0%.Sep '24: Promoters 66.3%, FIIs 21.7%, DIIs 0.1%, Public 11.9%, Others 0.0%.Dec '24: Promoters 66.3%, FIIs 22.3%, DIIs 0.1%, Public 11.3%, Others 0.0%.Mar '25: Promoters 66.3%, FIIs 22.6%, DIIs 0.2%, Public 10.9%, Others 0.0%.Jun '25: Promoters 66.3%, FIIs 22.6%, DIIs 0.3%, Public 10.8%, Others 0.0%.Sep '25: Promoters 66.3%, FIIs 22.6%, DIIs 0.3%, Public 10.8%, Others 0.0%.Dec '25: Promoters 66.3%, FIIs 22.9%, DIIs 0.1%, Public 10.7%, Others 0.0%.Mar '26: Promoters 66.3%, FIIs 22.6%, DIIs 0.1%, Public 11.0%, Others 0.0%.Jun '26: Promoters 66.3%, FIIs 22.3%, DIIs 0.2%, Public 11.2%, Others 0.0%.
Who is on the register
Named in the Jun 2026 filing
Every holder of JSW Holdings Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Siddeshwari Tradex Private Limited | 11.34% | unchanged |
| Nalwa Sons Investments Ltd | 10.24% | unchanged |
| Vinamra Consultancy Private Limited | 9.76% | unchanged |
| OPJ Trading Private Limited | 7.41% | unchanged |
| Virtuous Tradecorp Private Limited | 7.41% | unchanged |
| Strata Multiventures Private Limited | 7.41% | unchanged |
| Jtpm Metal Traders Limited | 4.63% | unchanged |
| Jindal Power Limited | 3.98% | unchanged |
| JSL Limited | 3.91% | unchanged |
| R K Jindal & Sons Huf . | 0.03% | unchanged |
| Savitri Devi Jindal | 0.02% | unchanged |
| Abhyuday Jindal | 0.02% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse JSW Holdings Limited
Guides on how to read this kind of business and the numbers that matter.