JSW Steel Ltd

AI

JSW Steel Ltd

₹ 1,186 -2.83%
23 Oct - 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

Parentage:
The company is the flagship entity
of the JSW Group which operates across various sectors, including energy, infrastructure, cement, paints, real estate, digital platforms, mobility, defense, sports, and venture capital. [1]

  • Market Cap ₹ 2,89,909 Cr.
  • Current Price ₹ 1,186
  • High / Low ₹ 1,351 / 1,073
  • Stock P/E 18.5
  • Book Value ₹ 463
  • Dividend Yield 0.60 %
  • ROCE 11.0 %
  • ROE 10.2 %
  • Face Value ₹ 1.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 19.8%

Cons

  • Stock is trading at 2.56 times its book value
  • Company has a low return on equity of 8.97% over last 3 years.
  • Earnings include an other income of Rs.19,430 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
44,584 41,940 46,269 42,943 39,684 41,378 44,819 43,147 45,152 45,991 51,180 47,364 54,486
36,722 34,776 40,243 37,445 34,309 35,799 38,684 35,671 38,125 39,612 42,716 38,079 44,366
Operating Profit 7,862 7,164 6,026 5,498 5,375 5,579 6,135 7,476 7,027 6,379 8,464 9,285 10,120
OPM % 18% 17% 13% 13% 14% 13% 14% 17% 16% 14% 17% 20% 19%
826 194 242 164 -189 50 186 350 284 -256 18,229 724 733
Interest 2,084 1,996 2,062 2,073 2,130 2,115 2,094 2,217 2,413 2,304 2,168 1,712 1,602
Depreciation 2,019 2,059 2,194 2,209 2,267 2,336 2,497 2,537 2,554 2,362 2,148 2,137 2,200
Profit before tax 4,585 3,303 2,012 1,380 789 1,178 1,730 3,072 2,344 1,457 22,377 6,160 7,051
Tax % 40% 26% 34% 37% 49% 39% 13% 28% 30% -65% 14% 24% 24%
2,773 2,450 1,322 867 404 719 1,501 2,209 1,646 2,410 19,243 4,696 5,359
EPS in Rs 11.29 9.88 5.31 3.46 1.80 2.93 6.15 8.93 6.64 8.75 66.94 19.02 21.59
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
52,972 41,546 55,604 71,933 84,757 73,326 79,839 146,371 165,960 175,006 168,824 185,470 199,021
43,608 35,124 43,296 57,017 65,827 61,513 59,661 107,257 147,490 146,849 146,099 156,006 164,773
Operating Profit 9,364 6,422 12,308 14,916 18,930 11,813 20,178 39,114 18,470 28,157 22,725 29,464 34,248
OPM % 18% 15% 22% 21% 22% 16% 25% 27% 11% 16% 13% 16% 17%
103 -1,966 18 -177 196 -289 473 1,600 1,561 1,500 73 18,489 19,430
Interest 3,493 3,601 3,768 3,701 3,917 4,265 3,957 4,968 6,902 8,105 8,412 9,102 7,786
Depreciation 3,434 3,323 3,430 3,387 4,041 4,246 4,679 6,001 7,474 8,172 9,309 9,601 8,847
Profit before tax 2,539 -2,468 5,128 7,651 11,168 3,013 12,015 29,745 5,655 13,380 5,077 29,250 37,045
Tax % 32% -80% 33% 20% 33% -30% 34% 30% 27% 33% 31% 13%
1,722 -481 3,467 6,113 7,524 3,919 7,873 20,938 4,139 8,973 3,491 25,508 31,708
EPS in Rs 7.43 -1.39 14.57 25.71 31.60 16.67 32.73 85.49 17.14 36.03 14.33 91.26 116.30
Dividend Payout % 19% -67% 19% 16% 16% 15% 25% 25% 25% 25% 24% 10%
Compounded Sales Growth
10 Years: 16%
5 Years: 18%
3 Years: 4%
TTM: 14%
Compounded Profit Growth
10 Years: 24%
5 Years: 3%
3 Years: 35%
TTM: 157%
Stock Price CAGR
10 Years: 22%
5 Years: 12%
3 Years: 17%
1 Year: 4%
Return on Equity
10 Years: 15%
5 Years: 13%
3 Years: 9%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 303 301 301 302 301 301 302 301 301 305 305 305 305
Reserves 21,987 18,665 22,346 27,696 34,494 36,298 45,308 66,996 65,394 77,364 79,191 99,748 113,001
38,754 42,204 43,334 39,393 47,396 61,423 66,727 72,237 80,853 87,984 98,752 99,310 69,820
24,610 20,737 22,024 24,579 32,606 33,798 34,826 56,951 63,991 62,245 62,197 70,295 69,508
Total Liabilities 85,654 81,907 88,005 91,970 114,797 131,820 147,163 196,485 210,539 227,898 240,445 269,658 252,634
52,176 56,140 58,730 57,848 62,644 62,085 64,917 99,880 104,452 112,461 124,466 117,129 118,328
CWIP 8,265 7,271 4,363 5,950 11,889 27,191 32,566 16,905 22,166 29,676 21,007 22,315 26,025
Investments 599 1,195 1,366 1,469 1,894 1,259 7,427 4,940 4,806 7,246 15,217 10,218 13,443
24,613 17,302 23,546 26,703 38,370 41,285 42,253 74,760 79,115 78,515 79,755 119,996 94,838
Total Assets 85,654 81,907 88,005 91,970 114,797 131,820 147,163 196,485 210,539 227,898 240,445 269,658 252,634

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
7,876 6,897 7,888 12,379 14,633 12,785 18,831 26,270 23,323 12,078 20,899 25,152
-7,372 -3,857 -5,094 -4,529 -11,387 -19,589 -9,410 -14,748 -10,730 -14,467 -17,012 18,560
-169 -3,151 -2,710 -8,185 1,753 5,189 -1,444 -14,657 -5,977 -5,005 -262 -16,111
Net Cash Flow 334 -111 84 -335 4,999 -1,615 7,977 -3,135 6,616 -7,394 3,625 27,601
Free Cash Flow 1,362 1,736 3,498 7,703 4,471 18 7,916 16,222 8,574 -3,469 8,264 10,610
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 92% 111% 66% 93% 91% 118% 103% 81% 130% 53% 101% 96%

Ratios

Consolidated / View Standalone

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 17 24 27 24 31 22 21 19 16 16 18 22
Inventory Days 136 135 147 118 123 130 160 208 130 151 142 124
Days Payable 175 207 172 149 137 169 171 190 149 133 132 130
Cash Conversion Cycle -23 -48 2 -7 17 -17 9 36 -4 33 28 16
Working Capital Days -58 -105 -66 -36 -63 -96 -93 -24 -50 -29 -19 -15
ROCE % 10% 5% 14% 18% 20% 9% 15% 28% 8% 13% 8% 11%

Insights

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Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Retail Distribution Network (Branded Stores)
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New Product/Grade Approvals
number ・Standalone data
Captive Iron Ore Self-Sufficiency
% ・Standalone data
GHG Emission Intensity
tCO2/tcs ・Standalone data
Specific Energy Consumption
Gcal/tcs ・Standalone data
India Capacity Utilization
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

79 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
44.81% 44.81% 44.81% 44.84% 44.85% 44.84% 45.31% 45.31% 45.31% 45.31% 44.29% 44.29%
26.33% 26.06% 25.52% 25.66% 25.59% 25.78% 25.42% 25.56% 25.38% 25.38% 25.92% 26.23%
9.48% 9.81% 10.52% 10.53% 10.59% 10.52% 10.93% 10.87% 11.06% 11.16% 11.49% 11.34%
0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51%
18.47% 18.44% 18.30% 18.22% 18.24% 18.16% 17.59% 17.62% 17.56% 17.47% 17.62% 17.50%
0.41% 0.37% 0.34% 0.24% 0.23% 0.20% 0.24% 0.12% 0.20% 0.19% 0.18% 0.15%
No. of Shareholders 6,41,5826,71,7796,35,6806,32,2496,35,8906,21,9326,17,3396,10,3036,05,3016,03,2746,10,6166,20,717

* 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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