JSW Energy horizontal analysis vertical analysis

Consolidated ------------------- in Rs.

Balance Sheet Cr. -------------------

Mar 19 Mar-18 Mar-17 Mar-16 Mar-15 2019 2018 2019

12 mths 12 mths 12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 1,640.87 1,640.05 1,627.95 1,626.79 1,640.05 0.05% 0.74% 6.33%

Total Share Capital 1,640.87 1,640.05 1,627.95 1,626.79 1,640.05 0.05% 0.74% 6.33%

Reserves and Surplus 10,181.37 9,469.65 8,740.51 8,077.34 5,877.97 7.52% 8.34% 39.27%

Total Reserves and

10,181.37 9,469.65 8,740.51 8,077.34 5,877.97 7.52% 8.34% 39.27%
Surplus
Total Shareholders
11,822.24 11,109.70 10,368.46 9,704.13 7,518.02 6.41% 7.15% 45.60%
Funds
Minority Interest -12.03 -3.94 2.37 1.4 54.71 205.33% -266.24% -0.05%
NON-CURRENT LIABILITIES
Long Term
9,240.35 10,821.00 13,125.92 11,947.51 8,062.35 -14.61% -17.56% 35.64%
Borrowings
Deferred Tax
456.09 427.96 380.54 434.06 292.97 6.57% 12.46% 1.76%
Liabilities [Net]
Other Long Term
6.24 6.88 2.31 2.17 14 -9.30% 197.84% 0.02%
Liabilities

Long Term Provisions 70.02 99.84 47.11 39.38 33.77 -29.87% 111.93% 0.27%

Total Non-Current
9,772.70 11,355.68 13,555.88 12,423.12 8,403.09 -13.94% -16.23% 37.69%
Liabilities
CURRENT LIABILITIES
Short Term
0 8.19 8.67 1,589.33 148.22 -100.00% -5.54% 0.00%
Borrowings
Trade Payables 1,839.52 2,327.13 2,118.72 2,531.37 1,639.48 -20.95% 9.84% 7.10%
Other Current
2,472.32 1,892.73 2,326.13 2,277.62 1,254.92 30.62% -18.63% 9.54%
Liabilities

Short Term Provisions 31.33 31.44 9.11 11.91 401.56 -0.35% 245.12% 0.12%

Total Current
4,343.17 4,259.49 4,462.63 6,410.23 3,444.18 1.96% -4.55% 16.75%
Liabilities
Total Capital And
25,926.08 26,720.93 28,389.34 28,538.88 19,420.00 -2.97% -5.88% 100.00%
Liabilities
ASSETS
NON-CURRENT ASSETS
Tangible Assets 16,289.96 17,296.98 17,876.50 18,653.33 12,948.49 -5.82% -3.24% 62.83%
Intangible Assets 894.76 940.59 969.23 998.67 232.53 -4.87% -2.95% 3.45%
Capital Work-In-
399.97 293.53 530.74 320.61 453.58 36.26% -44.69% 1.54%
Progress
Fixed Assets 17,584.69 18,531.10 19,376.47 19,972.61 13,634.60 -5.11% -4.36% 67.83%
Non-Current
2,108.26 2,078.17 1,359.92 936.88 232.72 1.45% 52.82% 8.13%
Investments
Long Term Loans And
720.59 571.41 764.48 813.1 1,763.87 26.11% -25.26% 2.78%
Advances
Other Non-Current
1,764.51 2,189.91 2,168.25 1,875.76 133.41 -19.43% 1.00% 6.81%
Assets
Total Non-Current
22,817.87 24,010.41 24,313.98 24,244.18 15,774.26 -4.97% -1.25% 88.01%
Assets
CURRENT ASSETS

Current Investments 342.27 336.83 218.9 75.39 1,386.12 1.62% 53.87% 1.32%

Inventories 454.73 535.54 592.9 635.83 548.26 -15.09% -9.67% 1.75%

Trade Receivables 1,427.75 1,151.22 2,182.75 2,906.34 1,172.29 24.02% -47.26% 5.51%
Cash And Cash
203.57 311.03 784.3 357.43 351.45 -34.55% -60.34% 0.79%
Equivalents
Short Term Loans
178.42 178.34 80.62 0 147.8 0.04% 121.21% 0.69%
And Advances

OtherCurrentAssets 501.47 197.56 215.89 319.71 39.82 153.83% -8.49% 1.93%

Total Current Assets 3,108.21 2,710.52 4,075.36 4,294.70 3,645.74 14.67% -33.49% 11.99%

Total Assets 25,926.08 26,720.93 28,389.34 28,538.88 19,420.00 -2.97% -5.88% 100.00%

OTHER ADDITIONAL INFORMATION 0.00%

CONTINGENT LIABILITIES,
0.00%
COMMITMENTS
Contingent Liabilities 1,399.85 1,272.31 1,918.03 2,127.25 1,654.20 10.02% -33.67% 5.40%

BONUS DETAILS 0.00%

Bonus Equity Share
987.81 987.81 987.81 987.81 987.81 0.00% 0.00% 3.81%
Capital
NON-CURRENT INVESTMENTS 0.00%

Non-Current
Investments Quoted 2,052.46 2,018.15 1,318.12 898.77 634.93 1.70% 53.11% 7.92%
Market Value

Non-Current
Investments 55.8 53.5 35.23 38.12 81.02 4.30% 51.86% 0.22%
Unquoted Book Value

CURRENT INVESTMENTS 0.00%

Current Investments
342.27 336.83 218.9 75.39 1,386.12 1.62% 53.87% 1.32%
Unquoted Book Value

Source : Dion Global Solutions Limited

vertical analysis Trend Analysis

2018 2019 2018 2017 2016 2015

6.14%
100.0499984757 100 99.2622176153 99.1914880644 100
6.14% 100.0499984757 100 99.2622176153 99.1914880644 100
35.44%
173.2123505224 161.1040886565 148.6994659721 137.417169533 100
35.44%
173.2123505224 161.1040886565 148.6994659721 137.417169533 100
41.58%
157.2520424261 147.7742809942 137.9147701123 129.0782679482 100
-0.01% -21.9886675196 -7.2016084811 4.3319320051 2.558947176 100

40.50%
114.6111245481 134.2164505386 162.8051374599 148.1889275459 100
1.60%
155.6780557736 146.0763900741 129.8904324675 148.1585145237 100
0.03%
44.5714285714 49.1428571429 16.5 15.5 100
0.37%
207.3437962689 295.6470239858 139.5025170269 116.6123778502 100
42.50%
116.298885291 135.1369555723 161.3201810286 147.8399017504 100

0.03%
0 5.5255700985 5.8494130347 1072.2776953178 100
8.71% 112.2014297216 141.9431771049 129.231219655 154.400785615 100
7.08%
197.0101679788 150.8247537692 185.3608198132 181.495234756 100
0.12%
7.8020719195 7.8294650862 2.2686522562 2.9659328618 100
15.94%
126.1017136154 123.6721077296 129.570173452 186.1177406523 100
100.00%
133.5019567456 137.5949021627 146.1860968074 146.9561277034 100

64.73% 125.8058661666 133.5829892134 138.0585689914 144.0579557925 100

3.52% 384.7933599966 404.50264482 416.8193351396 429.4800670881 100
1.10%
88.1806957979 64.7140526478 117.0113320693 70.6843335244 100
69.35% 128.9710735922 135.9123113256 142.1124932158 146.4847520279 100
7.78%
905.92127879 892.9915778618 584.3588862152 402.5782055689 100
 2.14%
40.8527839353 32.3952445475 43.34106255 46.0975015166 100
8.20%
1322.6219923544 1641.4886440297 1625.2529795368 1406.0115433626 100
89.86%
144.6525542244 152.2125919061 154.1370561915 153.6945631681 100

1.26%
24.6926673015 24.3002048885 15.7922834964 5.438923037 100
2.00% 82.9405756393 97.6799328786 108.1421223507 115.9723488856 100
4.31% 121.791536224 98.2026631636 186.1953953373 247.9198833053 100
1.16%
57.9228908806 88.4990752596 223.1611893584 101.7015222649 100
0.67%
120.7171853857 120.6630581867 54.5466847091 0 100
0.74%
1259.3420391763 496.1325966851 542.164741336 802.8879959819 100
10.14%
85.2559425521 74.347594727 111.7841645318 117.8005014071 100
100.00% 133.5019567456 137.5949021627 146.1860968074 146.9561277034 100
0.00%

0.00%

4.76%
84.6239874259 76.9139160924 115.9490992625 128.5969048483 100
0.00%

3.70%
100 100 100 100 100
0.00%

7.55%
323.2576819492 317.8539366544 207.6008378876 141.5541870757 100

0.20%
68.8718834856 66.0330782523 43.4830905949 47.0501110837 100
0.00%

1.26%
24.6926673015 24.3002048885 15.7922834964 5.438923037 100
0.7156546946

26323.505

52,647.01
JSW Energy horizontal analysis vertical analysis
---------------
Consolidated ---- in Rs.
Profit & Loss Cr.
account ---------------
----
Mar 19 Mar-18 Mar-17 Mar-16 Mar-15 2019 2018 2019 2018

12 mths 12 mths 12 mths 12 mths 12 mths

INCOME
Revenue From
Operations 9,131.99 8,046.00 8,261.34 9,822.00 9,376.05 13.50% -2.61% 96.07% 94.50%
[Gross]
Revenue From
9,131.99 8,046.00 8,261.34 9,822.00 9,376.05 13.50% -2.61% 96.07% 94.50%
Operations [Net]
Other Operating
5.6 2.96 2.09 2.49 4.11 89.19% 41.63% 0.06% 0.03%
Revenues
Total Operating
9,137.59 8,048.96 8,263.43 9,824.49 9,380.16 13.53% -2.60% 96.13% 94.54%
Revenues
Other Income 367.97 465.02 217 235.11 230.11 -20.87% 114.29% 3.87% 5.46%
Total Revenue 9,505.56 8,513.98 8,480.43 10,059.60 9,610.27 12% 0.00 1.00 1.00
EXPENSES
Cost of Power
5,356.22 74.58 153.1 543.15 224.77 7081.84% -51.29% 61.99% 0.97%
Purchased
Cost Of Fuel 78.5 4,338.87 3,907.22 4,377.35 4,873.19 -98.19% 11.05% 0.91% 56.29%

Employee Benefit
243.58 215.09 211.77 183.81 146.92 13.25% 1.57% 2.82% 2.79%
Expenses

Finance Costs 1,192.40 1,455.91 1,684.75 1,498.11 1,137.46 -18.10% -13.58% 13.80% 18.89%
Depreciation And
Amortisation 1,163.69 966.08 969.15 854.25 789.76 20.45% -0.32% 13.47% 12.53%
Expenses
Other Expenses 606.17 657.88 666.98 694.06 511.87 -7.86% -1.36% 7.02% 8.53%
Total Expenses 8,640.56 7,708.41 7,592.97 8,150.73 7,683.97 12.09% 1.52% 100.00% 100.00%

Profit/Loss
Before
Exceptional, 865 805.57 887.46 1,908.87 1,926.30 7.38% -9.23% 10.01% 10.45%
ExtraOrdinary
Items And Tax

Exceptional Items 0 -417.94 0 150 -34.23 -100.00% #DIV/0! 0.00% -5.42%

Profit/Loss
865 387.63 887.46 2,058.87 1,892.07 123.15% -56.32% 10.01% 5.03%
Before Tax
Tax Expenses-
Continued 0.00% 0.00%
Operations
Current Tax 179.39 210.76 196.1 451.97 412.12 -14.88% 7.48% 2.08% 2.73%
Deferred Tax 33.05 42.47 72.91 104.29 102.87 -22.18% -41.75% 0.38% 0.55%
Total Tax
212.44 253.23 269.01 556.26 514.99 -16.11% -5.87% 2.46% 3.29%
Expenses
Profit/Loss After
Tax And Before
652.56 134.4 618.45 1,502.61 1,377.08 385.54% -78.27% 7.55% 1.74%
ExtraOrdinary
Items
Profit/Loss From
Continuing 652.56 134.4 618.45 1,502.61 1,377.08 385.54% -78.27% 7.55% 1.74%
Operations
Profit/Loss For
652.56 134.4 618.45 1,502.61 1,377.08 385.54% -78.27% 7.55% 1.74%
The Period
Minority Interest 10.64 -6.94 6.52 -12.91 -8.57 -253.31% -206.44% 0.12% -0.09%
Share Of
Profit/Loss Of 31.93 -49.49 4.06 -42.34 -19 -164.52% -1318.97% 0.37% -0.64%
Associates
Consolidated
Profit/Loss After
695.13 77.97 629.03 1,447.36 1,349.51 791.54% -87.60% 8.04% 1.01%
MI And
Associates
OTHER
ADDITIONAL #DIV/0! #DIV/0! 0.00% 0.00%
INFORMATION
EARNINGS PER
#DIV/0! #DIV/0! 0.00% 0.00%
SHARE
Basic EPS (Rs.) 4 0 4 9 8 #DIV/0! -100.00% 0.05% 0.00%

Diluted EPS (Rs.) 4 0 4 9 8 #DIV/0! -100.00% 0.05% 0.00%

DIVIDEND AND
DIVIDEND #DIV/0! #DIV/0! 0.00% 0.00%
PERCENTAGE
Equity Share
0 81.45 321.85 324.8 328.01 -100.00% -74.69% 0.00% 1.06%
Dividend
Tax On Dividend 0 17.73 62.97 72.4 66.78 -100.00% -71.84% 0.00% 0.23%

Source : Dion
Global Solutions
Limited
 Trend Analysis

2019 2018 2017 2016 2015

97.396984871 85.81438879 88.111091558 104.7562673 100

97.396984871 85.81438879 88.111091558 104.7562673 100

136.25304136 72.01946472 50.851581509 60.583941606 100

97.414009996 85.80834442 88.094765974 104.7369128 100

159.9104776 202.0859589 94.302724784 102.17287384 100
98.910436439 88.59251613 88.243410435 104.675519 100

2382.9781554 33.1805846 68.114072163 241.64701695 100

1.6108544916 89.03551883 80.177871169 89.825145336 100

165.79090662 146.399401 144.13966785 125.1089028 100

104.83005996 127.9965889 148.11509855 131.70660946 100

147.34729538 122.3257699 122.71449554 108.16577188 100

118.42264638 128.5248208 130.3026159 135.59302167 100

112.44916365 100.3180648 98.815716355 106.07446411 100

44.904739656 41.81955043 46.070705498 99.095156518 100

0 1220.975752 0 -438.2120947 100

45.717124631 20.48708557 46.904184306 108.81574149 100

43.528583908 51.14044453 47.583228186 109.66951373 100

32.127928453 41.28511714 70.875862739 101.38038301 100
41.251286433 49.17182858 52.235965747 108.01374784 100
47.387225143 9.759781567 44.910244866 109.11566503 100

47.387225143 9.759781567 44.910244866 109.11566503 100

47.387225143 9.759781567 44.910244866 109.11566503 100

-124.1540257 80.98016336 -76.07934656 150.64177363 100

-168.0526316 260.4736842 -21.36842105 222.84210526 100

51.509807263 5.777652629 46.611733148 107.25077991 100

50 0 50 112.5 100
50 0 50 112.5 100

0 24.83156001 98.122008475 99.0213713 100

0 26.54986523 94.294699012 108.41569332 100
 Du-Point Analysis:
MAR'19
Particulars Formula Result
Net Profit Margin (NPM) Net Profit / Revenue 0.0731287794
Asset Turnover (AT) Revenue / Average Total Assets 0.36
Equity Multiplier (EM) Average Total Assets / Average Shareholder's Equity 2.2957939886
Tax burden 0.8036184971
Interest Burden earnings before taxes (EBT)/earnings before interest0.2685426362
Du-Point Analysis NPM x AT x EM 0.01308333
MAR'18
Particulars Formula Result
Net Profit Margin (NPM) Net Profit / Revenue 0.0091578792
Asset Turnover (AT) Revenue / Average Total Assets 0.3089797963

Equity Multiplier (EM) Average Total Assets / Average Shareholder's Equity 2.5658748235

Du-Point Analysis NPM x AT x EM 0.0072604

Profitability Analysis:

PROFITABILITY ANALYSIS
Particulars Formula MAR'19
Net Profit Margin (NPM) Net Profit / Revenue 0.0731287794
Asset Turnover (AT) Revenue / Average Total Assets 0.3611054075
Return on Assets (ROA) Net Profit / Average Total Assets 0.0264071977
Return on Equity (ROE) Net Profit / Average Shareholder's Equity 0.0606254857
Earnings Per Share (EPS) Net Profit / Outstanding Shares 4.2359176018

Liquidity Analysis:
LIQUIDITY ANALYSIS
Particulars Formula MAR'19
Current Ratio Current Assets / Current Liabilities 0.72
Quick Ratio Quick Assets / Current Liabilities 0.61
Receivable Turnover Revenue / Average Receivables 7.371594086
Inventory Turnover Revenue / Average Inventory 19.19791572
 Solvency Analysis:
SOLVENCY ANALYSIS
Particulars Formula MAR'18
Labilities-to-Equity Ratio All Labilities / Equity 1.1940097646
Interest Coverage Profit Before Interest and Tax / Interest 0.7254277088

Market Standing Analysis:

MARKET STANDING ANALYSIS
Particulars Formula MAR'18
Price-earnings Ratio Market Price per Share / Earnings per Share 19.669966997
Dividend Yield Dividend per Share / Market Price per Share 0.0167785235
Price-to-Book Ratio Market Price per Share / Book Value per Share 2.5745140389

Debt to Equity 14,115.87 11,822.24

DSCR(Debt service Coverage RatiEBITDA/Finance cost 1.7370513251
 695.13 9,131.99 Net Profit 695.13
9,131.99 26323.505 0.3611054075 Revenue 9,505.56
1640.46 Average total Asset 26323.505
Average Shareholder E 11465.97
865 3,221.09 EBT 865
Earning before interest 3221.09
Outstanding Shares
2019 1,641,037,587
77.97 8,513.98 2018 1,640,054,795
27555.135 Current Asset
2019 3,108.21
2018 2,710.52
1634 Current Liablities
2019 4,343.17
2018 4,259.49
Quick Assets
2019 2,653.48
2018 2,174.98
Average Receivable
2019 1289.485
2018 1666.985
Average Inventory
2019 495.135
2018 564.22
All liablities
MAR'18 2019 14,115.87
0.009158 2018 15,615.17
0.30898 Equity
0.00283 2019 11,822.24
0.00726 2018 11,109.70
0.475411 1,641,037,587 1,640,054,795

2019
MAR'18
0.64
0.51 2,653.48 2,174.98
5.107412 1289.485 1666.985
15.08982 495.135 564.22
MAR'17
1.405544 14,115.87 15,615.17
0.092313 1,192.40 1,455.91

book value 46.3 52.39

MAR'17 market price 119.2 69.55
9.566713 earning 6.06 7.27
0.028756 Divident per share 2 2
1.327543
JSW Energy Previous Years »
------------------- in Rs.
Cash Flow
Cr. -------------------
Mar 19 Mar-18 Mar-17 Mar-16

12 mths 12 mths 12 mths 12 mths

Net Profit/Loss Before

Extraordinary Items 390.28 -298.95 336.88 1,563.08
And Tax

Net CashFlow From

395.64 846.24 1,408.69 2,261.05
Operating Activities
Net Cash Used In
444.72 -57.77 1,084.53 -3,468.17
Investing Activities
Net Cash Used From
-731.77 -806.58 -2,475.11 -217.85
Financing Activities

Net Inc/Dec In Cash

108.59 -18.11 18.11 -1,424.97
And Cash Equivalents

Cash And Cash

Equivalents Begin of 151.18 169.29 151.18 1,576.15
Year
Cash And Cash
Equivalents End Of 259.77 151.18 169.29 151.18
Year

Source : Dion Global Solutions Limited

0.61 6.30