JSW EnergyNSE:JSWENERGY -0.16%86 Operating Margin % is 32.03% as of Mar. 2026, which is 16% above its 10-year median of 27.64. GuruFocus rates NSE:JSWENERGY with a GF Score™ of 86/100 and a GF Value™ of ₹813.25 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, JSW Energy ranks better than 83.93% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. JSW Energy's Operating Income for the
three
months ended in Mar. 2026 was ₹14,408 Mil. JSW Energy's Revenue for the
three
months ended in Mar. 2026 was ₹44,986 Mil. Therefore, JSW Energy's Operating Margin % for the quarter that ended in Mar. 2026 was 32.03%.
Good Sign:
JSW Energy Ltd operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for JSW Energy's Operating Margin % or its related term are showing as below:
NSE:JSWENERGY'
s Operating Margin % Range Over the Past 10 Years
Min: 18.78 Med: 27.64 Max: 38.4
Current: 36.4
NSE:JSWENERGY's Operating Margin % is ranked better than 83.93% of 417
companies
in the Utilities - Independent Power Producers industry
Industry Median: 13.38
vs NSE:JSWENERGY: 36.40
JSW Energy's 5-Year Average Operating Margin % Growth Rate was 7.70% per year.
JSW Energy's Operating Income for the
three
months ended in Mar. 2026 was ₹14,408 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹68,791 Mil.
JSW Energy (NSE:JSWENERGY) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
JSW Energy Operating Margin % Related Terms
JSW Energy Operating Margin % Historical Data
* Premium members only.
The historical data trend for JSW Energy's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:JSWENERGY vs CEG, VST, NRG: Operating Margin % Comparison
For the Utilities - Independent Power Producers subindustry, JSW Energy's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
JSW Energy Operating Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, JSW Energy's Operating Margin % distribution charts can be found below:
* The bar in red indicates where JSW Energy's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
JSW Energy's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
JSW Energy (NSE:JSWENERGY) has a Operating Margin % of 32.03% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on JSW Energy and its competitors. This is 16% above median its historical median of 27.64. Over the past decade, JSW Energy's Operating Margin % has ranged from 18.78 to 38.40. According to the industry distribution chart, JSW Energy ranks #67 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 16.1%.
Is JSW Energy's Operating Margin % too high?
JSW Energy's current Operating Margin % of 32.03% is 16% above median its 10-year median of 27.64. Over the past 10 years, this metric has ranged from a low of 18.78 to a high of 38.40. The Utilities - Independent Power Producers industry median Operating Margin % is 13.38. JSW Energy's value of 32.03% is 139.4% above this industry median. Based on the distribution chart, JSW Energy ranks #67 out of 417 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, JSW Energy has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JSW Energy's Operating Margin % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, JSW Energy ranks #67 out of 417 companies for Operating Margin %. This places JSW Energy in the top 16% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 13.38. JSW Energy's value of 32.03% is 139.4% above this benchmark. Historically, JSW Energy's own Operating Margin % has ranged from 18.78 to 38.40 over the past decade. While the company's 10-year median is 27.64 vs. the industry median of 13.38, JSW Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for an Utilities - Independent Power Producers company?
The median Operating Margin % among Utilities - Independent Power Producers companies is 13.38, based on 417 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JSW Energy's current Operating Margin % of 32.03% is 139.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on JSW Energy and its competitors. For the Utilities - Independent Power Producers industry, the median Operating Margin % is 13.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Energy's current Operating Margin % is 32.03%, which is 16% above median its own 10-year median of 27.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Energy stock overvalued right now?
Based on GuruFocus' analysis, JSW Energy (NSE:JSWENERGY) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹813.25, compared to a current price of ₹573.50 — trading 29.5% below its estimated fair value. The current Operating Margin % is 32.03%, which is 16% above median its 10-year median of 27.64 and 139.4% above the Utilities - Independent Power Producers industry median of 13.38. JSW Energy's overall GF Score™ is 86/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For JSW Energy (NSE:JSWENERGY), the current Operating Margin % is 32.03% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is JSW Energy (NSE:JSWENERGY) Overvalued in 2026?
Based on GuruFocus' analysis, JSW Energy stock appears to be undervalued.
The current stock price of ₹573.50 is trading 29.5% below its estimated GF Value™ of ₹813.25.
GuruFocus considers JSW Energy to be Modestly Undervalued.
Key valuation signals for NSE:JSWENERGY:
Operating Margin %: 32.03% (16% above median its 10-year median of 27.64)
GF Value™: ₹813.25 vs. price of ₹573.50 (29.5% below fair value)
Industry Position: 139.4% above the Utilities - Independent Power Producers median (#67 of 417)
No single metric tells the full story. See the NSE:JSWENERGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JSW Energy Ltd is mainly engaged in the business of generation of power with principal places located at Vijayanagar (Karnataka), Ratnagiri(Maharashtra), Nandyal (Andhra Pradesh) and Salboni (West Bengal). The company's business segment includes Power generation, Power transmission, and Power trading. The company's reportable segment includes Thermal, and Renewables which comprises of generation of power from renewable energy sources i.e. hydro, wind, solar and related ancillary services. The company generates majority of revenue from Thermal which comprises of generation of power from coal and other thermal sources (lignite, gas and oil) from plants owned and related ancillary services.
86GF Score
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