JSW Steel Ltd

JSW Steel Ltd

₹ 865 2.37%
19 Apr - close price
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

Product Portfolio
The company's diversified portfolio comprises products under hot-rolled, cold-rolled, galvanneal, galvanised/galvalume, pre-painted, tinplate, electrical steel, TMT bar, wire rod, special steel bar, round and bloom categories.[1]

  • Market Cap 2,11,483 Cr.
  • Current Price 865
  • High / Low 896 / 681
  • Stock P/E 21.7
  • Book Value 292
  • Dividend Yield 0.39 %
  • ROCE 10.2 %
  • ROE 7.83 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 25.1%

Cons

* 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.

Peer comparison

Sector: Steel Industry: Steel - Large

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
19,239 24,398 25,959 28,000 28,850 36,011 31,105 32,494 30,935 37,153 32,791 33,738 33,310
13,606 16,377 16,468 19,327 22,053 29,104 27,753 30,752 26,905 30,906 27,930 26,840 27,531
Operating Profit 5,633 8,021 9,491 8,673 6,797 6,907 3,352 1,742 4,030 6,247 4,861 6,898 5,779
OPM % 29% 33% 37% 31% 24% 19% 11% 5% 13% 17% 15% 20% 17%
169 -191 200 919 394 -306 283 422 315 552 438 630 386
Interest 879 868 843 802 887 1,317 1,030 1,093 1,344 1,556 1,457 1,531 1,551
Depreciation 979 1,011 998 1,051 1,237 1,225 1,177 1,207 1,263 1,305 1,265 1,359 1,351
Profit before tax 3,944 5,951 7,850 7,739 5,067 4,059 1,428 -136 1,738 3,938 2,577 4,638 3,263
Tax % 28% 32% 33% 30% 32% 35% 33% 33% 29% 28% 34% 37% 26%
2,829 4,018 5,258 5,383 3,424 2,637 956 -91 1,234 2,838 1,705 2,913 2,416
EPS in Rs 11.70 16.62 21.75 22.27 14.17 10.91 3.95 -0.38 5.11 11.74 7.05 11.91 9.88
Raw PDF
Upcoming result date: 17 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
32,123 35,492 45,298 46,087 36,707 52,290 66,464 77,187 64,262 70,727 118,820 131,687 136,992
26,492 29,181 36,511 37,216 30,338 40,612 52,569 58,668 51,716 51,438 86,890 116,255 113,207
Operating Profit 5,631 6,311 8,787 8,872 6,369 11,678 13,895 18,519 12,546 19,289 31,930 15,432 23,785
OPM % 18% 18% 19% 19% 17% 22% 21% 24% 20% 27% 27% 12% 17%
-642 -109 -1,366 70 -5,542 121 -175 398 -710 253 1,145 1,511 2,006
Interest 1,186 1,724 2,740 2,909 3,219 3,643 3,591 3,789 4,022 3,565 3,849 5,023 6,095
Depreciation 1,708 1,974 2,726 2,784 2,847 3,025 3,054 3,421 3,522 3,781 4,511 4,952 5,280
Profit before tax 2,095 2,504 1,955 3,249 -5,239 5,131 7,075 11,707 4,292 12,196 24,715 6,968 14,416
Tax % 22% 28% 32% 33% 33% 30% 35% 31% -23% 31% 32% 29%
1,626 1,801 1,335 2,166 -3,530 3,577 4,625 8,121 5,291 8,393 16,702 4,937 9,872
EPS in Rs 7.29 8.07 5.52 8.96 -14.60 14.80 19.13 33.60 21.89 34.72 69.10 20.42 40.58
Dividend Payout % 13% 16% 25% 15% -6% 19% 21% 15% 11% 23% 31% 21%
Compounded Sales Growth
10 Years: 14%
5 Years: 15%
3 Years: 27%
TTM: 5%
Compounded Profit Growth
10 Years: 10%
5 Years: 0%
3 Years: -8%
TTM: 87%
Stock Price CAGR
10 Years: 23%
5 Years: 24%
3 Years: 12%
1 Year: 22%
Return on Equity
10 Years: 18%
5 Years: 20%
3 Years: 19%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 284 284 303 303 301 301 302 301 301 302 301 301 305
Reserves 17,934 19,374 23,217 24,657 20,109 23,797 27,605 34,592 38,061 46,675 63,200 63,358 71,027
Preference Capital 279 279 764 764 0 0 195 0 0 0 0 0
15,930 17,908 27,184 28,134 35,658 38,273 35,986 43,706 54,710 54,962 53,186 57,203 59,606
16,373 17,049 17,722 21,798 17,440 18,588 21,658 28,826 28,970 31,293 46,183 51,979 47,645
Total Liabilities 50,521 54,615 68,426 74,892 73,508 80,959 85,551 107,425 122,042 133,232 162,870 172,841 178,583
27,091 27,639 37,295 38,569 46,560 50,266 49,568 51,772 50,542 51,942 71,646 75,056 78,319
CWIP 2,504 5,075 6,857 7,790 6,439 3,027 3,392 10,443 24,141 29,042 12,599 10,506 11,915
Investments 4,413 4,636 4,381 4,197 4,764 5,050 4,878 5,397 5,999 12,458 18,028 24,320 30,887
16,514 17,266 19,893 24,336 15,744 22,616 27,713 39,813 41,360 39,790 60,597 62,959 57,462
Total Assets 50,521 54,615 68,426 74,892 73,508 80,959 85,551 107,425 122,042 133,232 162,870 172,841 178,583

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2,139 3,925 5,274 8,466 5,670 8,561 12,174 15,578 14,110 17,557 23,335 20,444
-3,928 -4,451 -4,687 -6,275 -5,033 -6,284 -6,134 -11,432 -19,092 -3,759 -17,652 -7,361
1,968 124 -366 -1,805 -982 -2,030 -6,301 725 3,054 -6,115 -9,134 -7,085
Net Cash Flow 179 -403 220 386 -345 247 -261 4,871 -1,928 7,683 -3,451 5,998

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 15 19 18 16 25 28 26 32 18 17 19 17
Inventory Days 91 78 84 120 123 121 98 100 105 139 158 94
Days Payable 162 151 135 175 201 152 136 121 146 158 183 148
Cash Conversion Cycle -56 -54 -34 -39 -53 -3 -12 11 -23 -2 -6 -37
Working Capital Days -65 -17 -18 -23 -68 -33 -24 -39 -57 -31 -12 -32
ROCE % 13% 13% 14% 12% 7% 15% 17% 22% 11% 17% 27% 10%

Shareholding Pattern

Numbers in percentages

70 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
44.07% 44.09% 44.72% 45.01% 45.02% 45.20% 45.20% 45.41% 45.41% 44.79% 44.81% 44.81%
12.93% 12.17% 11.21% 11.58% 10.61% 10.75% 26.04% 26.01% 25.98% 26.13% 26.33% 26.06%
7.16% 8.06% 8.38% 7.94% 9.07% 9.25% 9.34% 9.47% 9.59% 9.50% 9.48% 9.81%
0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51%
34.92% 34.80% 34.85% 34.65% 34.14% 33.70% 18.35% 18.07% 17.99% 18.64% 18.47% 18.44%
0.41% 0.37% 0.33% 0.31% 0.65% 0.60% 0.57% 0.53% 0.51% 0.43% 0.41% 0.37%
No. of Shareholders 6,57,6636,86,7246,79,9066,59,8796,94,9166,67,1736,08,4486,05,0195,86,9976,63,1796,41,5826,71,779

* 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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