JSW Steel Ltd

JSW Steel Ltd

₹ 1,293 1.11%
18 May 4:01 p.m.
About

JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products.[1]
It is the flagship business of the diversified, US$ 23 billion JSW Group.The Group has interests in energy, infrastructure, cement, paints, sports, and venture capital.[2]

Key Points

Parentage
The company is the flagship entity of the JSW Group, a diversified conglomerate valued at USD 24 Bn. JSW Group operates across various sectors, including energy, infrastructure, cement, paints, real estate, digital platforms, mobility, defense, sports, and venture capital. [1]

  • Market Cap 3,16,099 Cr.
  • Current Price 1,293
  • High / Low 1,320 / 962
  • Stock P/E 46.2
  • Book Value 350
  • Dividend Yield 0.22 %
  • ROCE 10.4 %
  • ROE 8.27 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 3.65 times its book value
  • Company has a low return on equity of 9.52% over last 3 years.
  • Dividend payout has been low at 14.1% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
37,153 32,791 33,738 33,310 35,341 32,654 30,778 31,799 32,471 31,613 32,859 32,127 36,248
30,906 27,930 26,840 27,531 30,899 28,379 26,137 27,402 27,403 26,028 27,952 28,006 30,670
Operating Profit 6,247 4,861 6,898 5,779 4,442 4,275 4,641 4,397 5,068 5,585 4,907 4,121 5,578
OPM % 17% 15% 20% 17% 13% 13% 15% 14% 16% 18% 15% 13% 15%
552 438 630 386 211 396 97 349 -281 497 445 23 288
Interest 1,556 1,457 1,531 1,551 1,569 1,590 1,668 1,633 1,595 1,601 1,776 1,609 1,531
Depreciation 1,305 1,265 1,359 1,351 1,460 1,460 1,488 1,475 1,490 1,556 1,560 1,506 1,498
Profit before tax 3,938 2,577 4,638 3,263 1,624 1,621 1,582 1,638 1,702 2,925 2,016 1,029 2,837
Tax % 28% 34% 37% 26% 38% 26% 18% 21% -20% 26% 26% 26% 26%
2,838 1,705 2,913 2,416 1,007 1,205 1,299 1,286 2,047 2,178 1,493 757 2,094
EPS in Rs 11.74 7.05 11.91 9.88 4.12 4.93 5.31 5.26 8.37 8.91 6.11 3.10 8.56
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
46,087 36,707 52,290 66,464 77,187 64,262 70,727 118,820 131,687 135,180 127,702 132,847
37,216 30,338 40,612 52,569 58,668 51,716 51,438 86,891 116,255 113,119 109,183 112,656
Operating Profit 8,872 6,369 11,678 13,895 18,519 12,546 19,289 31,929 15,432 22,061 18,519 20,191
OPM % 19% 17% 22% 21% 24% 20% 27% 27% 12% 16% 14% 15%
70 -5,542 121 -175 398 -710 253 1,146 1,511 1,584 423 1,253
Interest 2,909 3,219 3,643 3,591 3,789 4,022 3,565 3,849 5,023 6,108 6,486 6,517
Depreciation 2,784 2,847 3,025 3,054 3,421 3,522 3,781 4,511 4,952 5,435 5,913 6,120
Profit before tax 3,249 -5,239 5,131 7,075 11,707 4,292 12,196 24,715 6,968 12,102 6,543 8,807
Tax % 33% -33% 30% 35% 31% -23% 31% 32% 29% 34% 11% 26%
2,166 -3,530 3,577 4,625 8,121 5,291 8,393 16,702 4,937 8,041 5,837 6,522
EPS in Rs 8.96 -14.60 14.80 19.13 33.60 21.89 34.72 69.10 20.42 32.88 23.87 26.67
Dividend Payout % 15% -6% 19% 21% 15% 11% 23% 31% 21% 28% 15% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 13%
3 Years: 0%
TTM: 4%
Compounded Profit Growth
10 Years: 11%
5 Years: -5%
3 Years: 11%
TTM: -1%
Stock Price CAGR
10 Years: 26%
5 Years: 13%
3 Years: 23%
1 Year: 25%
Return on Equity
10 Years: 15%
5 Years: 13%
3 Years: 10%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 303 301 301 302 301 301 302 301 301 305 305 305
Reserves 24,657 20,109 23,797 27,605 34,592 38,061 46,675 63,200 63,358 74,978 79,534 85,355
28,899 35,658 38,273 36,181 43,706 54,710 51,146 53,186 57,203 61,180 68,370 70,809
21,034 17,440 18,588 21,463 28,826 28,970 35,109 46,183 51,979 48,975 44,052 46,742
Total Liabilities 74,892 73,508 80,959 85,551 107,425 122,042 133,232 162,870 172,841 185,438 192,261 203,211
38,569 46,560 50,266 49,568 51,772 50,542 51,942 71,646 75,056 79,586 78,509 80,385
CWIP 7,790 6,439 3,027 3,392 10,443 24,141 29,042 12,599 10,506 10,856 10,915 13,878
Investments 4,197 4,764 5,050 4,878 5,397 5,999 12,458 18,028 24,320 30,141 39,339 34,971
24,336 15,744 22,616 27,713 39,813 41,360 39,790 60,597 62,959 64,855 63,498 73,977
Total Assets 74,892 73,508 80,959 85,551 107,425 122,042 133,232 162,870 172,841 185,438 192,261 203,211

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
8,466 5,670 8,561 12,174 15,578 14,110 17,733 23,335 20,444 5,449 16,891 15,143
-6,275 -5,033 -6,284 -6,134 -11,432 -19,092 -2,609 -17,652 -7,361 -8,687 -9,979 -8,786
-1,805 -982 -2,030 -6,301 725 3,054 -7,441 -9,134 -7,085 -5,477 -2,270 -9,286
Net Cash Flow 386 -345 247 -261 4,871 -1,928 7,683 -3,451 5,998 -8,715 4,642 -2,929
Free Cash Flow 4,153 1,764 4,634 8,405 7,276 3,411 11,031 15,906 14,189 239 12,476 6,203
CFO/OP 103% 91% 74% 96% 97% 120% 101% 88% 136% 36% 100% 86%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 16 25 28 26 32 18 17 19 17 18 16 20
Inventory Days 120 123 121 98 100 105 139 158 94 120 107 110
Days Payable 175 201 152 136 121 146 158 183 148 140 127 54
Cash Conversion Cycle -39 -53 -3 -12 11 -23 -2 -6 -37 -3 -4 76
Working Capital Days -25 -89 -67 -36 -64 -100 -98 -44 -52 -39 -38 -15
ROCE % 12% 7% 15% 17% 22% 11% 17% 27% 10% 14% 10% 10%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Dec 2025
Installed Crude Steel Capacity (India Operations)
MTPA

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Capacity Utilization (India Operations)
percentage
Crude Steel Production (Consolidated)
MnT
Steel Sales (Consolidated)
MnT
Retail Touchpoints (Stores)
number
Value Added and Special Products (VASP) Share
percentage
Captive Iron Ore Production (India)
MnT
Market Share - Color Coated Steel (Domestic)
percentage

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

40 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
45.41% 44.79% 44.81% 44.81% 44.81% 44.84% 44.85% 44.84% 45.31% 45.31% 45.31% 45.31%
25.98% 26.13% 26.33% 26.06% 25.52% 25.66% 25.59% 25.78% 25.42% 25.56% 25.38% 25.38%
9.59% 9.50% 9.48% 9.81% 10.52% 10.53% 10.59% 10.52% 10.93% 10.87% 11.06% 11.16%
0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51%
17.99% 18.64% 18.47% 18.44% 18.30% 18.22% 18.24% 18.16% 17.59% 17.62% 17.56% 17.47%
0.51% 0.43% 0.41% 0.37% 0.34% 0.24% 0.23% 0.20% 0.24% 0.12% 0.20% 0.19%
No. of Shareholders 5,86,9976,63,1796,41,5826,71,7796,35,6806,32,2496,35,8906,21,9326,17,3396,10,3036,05,3016,03,274

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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