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 19.5
  • Book Value 302
  • Dividend Yield 0.39 %
  • ROCE 8.33 %
  • ROE 5.64 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 24.9%

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

Consolidated Figures in Rs. Crores / View Standalone

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
21,859 26,934 28,902 32,503 38,071 46,895 38,086 41,778 39,134 46,962 42,213 44,584 41,940
15,918 18,494 18,628 22,086 28,939 37,742 33,794 40,082 34,643 39,031 35,201 36,722 34,776
Operating Profit 5,941 8,440 10,274 10,417 9,132 9,153 4,292 1,696 4,491 7,931 7,012 7,862 7,164
OPM % 27% 31% 36% 32% 24% 20% 11% 4% 11% 17% 17% 18% 17%
147 90 521 1,549 176 -508 189 779 188 465 331 826 194
Interest 977 1,005 993 936 1,283 1,756 1,422 1,523 1,819 2,138 1,963 2,084 1,996
Depreciation 1,230 1,253 1,183 1,239 1,764 1,815 1,778 1,805 1,882 2,009 1,900 2,019 2,059
Profit before tax 3,881 6,272 8,619 9,791 6,261 5,074 1,281 -853 978 4,249 3,480 4,585 3,303
Tax % 31% 33% 32% 27% 28% 34% 34% -7% 52% 12% 30% 40% 26%
2,669 4,191 5,900 7,179 4,516 3,343 839 -915 474 3,741 2,428 2,773 2,450
EPS in Rs 11.09 17.37 24.42 29.66 18.02 13.38 3.47 -3.51 2.03 15.16 9.67 11.29 9.88
Raw PDF
Upcoming result date: 17 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
34,368 38,210 51,220 52,972 41,546 55,604 71,933 84,757 73,326 79,839 146,371 165,960 175,699
27,571 31,698 42,051 43,608 35,124 43,296 57,017 65,827 61,513 59,661 107,257 147,490 145,730
Operating Profit 6,797 6,512 9,169 9,364 6,422 12,308 14,916 18,930 11,813 20,178 39,114 18,470 29,969
OPM % 20% 17% 18% 18% 15% 22% 21% 22% 16% 25% 27% 11% 17%
-1,444 -307 -1,630 103 -1,966 18 -177 196 -289 473 1,600 1,561 1,816
Interest 1,427 1,967 3,048 3,493 3,601 3,768 3,701 3,917 4,265 3,957 4,968 6,902 8,181
Depreciation 1,933 2,237 3,183 3,434 3,323 3,430 3,387 4,041 4,246 4,679 6,001 7,474 7,987
Profit before tax 1,993 1,999 1,308 2,539 -2,468 5,128 7,651 11,168 3,013 12,015 29,745 5,655 15,617
Tax % 25% 42% 70% 32% 80% 33% 20% 33% -30% 34% 30% 27%
557 929 402 1,722 -481 3,467 6,113 7,524 3,919 7,873 20,938 4,139 11,392
EPS in Rs 2.41 4.32 1.87 7.43 -1.39 14.57 25.71 31.60 16.67 32.73 85.49 17.14 46.00
Dividend Payout % 40% 30% 74% 19% -67% 19% 16% 16% 15% 25% 25% 25%
Compounded Sales Growth
10 Years: 16%
5 Years: 18%
3 Years: 31%
TTM: 6%
Compounded Profit Growth
10 Years: 13%
5 Years: -10%
3 Years: -6%
TTM: 196%
Stock Price CAGR
10 Years: 23%
5 Years: 24%
3 Years: 12%
1 Year: 22%
Return on Equity
10 Years: 17%
5 Years: 19%
3 Years: 20%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 16,186 16,781 20,871 21,987 18,665 22,346 27,696 34,494 36,298 46,462 66,996 65,394 73,653
Preference Capital 279 279 764 764 0 0 208 20 24 26 29 33
19,909 21,346 34,762 37,990 42,204 43,334 39,185 47,376 61,399 62,366 72,208 80,820 81,874
17,543 19,102 21,704 25,374 20,737 22,024 24,787 32,626 33,822 39,187 56,980 64,024 60,106
Total Liabilities 53,922 57,513 77,640 85,654 81,907 88,005 91,970 114,797 131,820 148,317 196,485 210,539 215,938
33,812 34,717 47,046 52,176 56,140 58,730 57,848 62,644 62,085 64,917 99,880 104,452 108,780
CWIP 2,832 5,898 9,400 8,265 7,271 4,363 5,950 11,889 27,191 32,566 16,905 22,166 28,379
Investments 2,090 1,750 663 599 1,195 1,366 1,469 1,894 1,259 8,581 4,940 4,806 7,185
15,189 15,148 20,531 24,613 17,302 23,546 26,703 38,370 41,285 42,253 74,760 79,115 71,594
Total Assets 53,922 57,513 77,640 85,654 81,907 88,005 91,970 114,797 131,820 148,317 196,485 210,539 215,938

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3,512 5,844 2,594 7,876 6,897 7,888 12,379 14,633 12,785 18,789 26,270 23,323
-4,101 -5,433 -5,618 -7,372 -3,857 -5,094 -4,529 -11,387 -19,589 -7,702 -14,748 -10,730
698 -791 3,300 -169 -3,151 -2,710 -8,185 1,753 5,189 -3,110 -14,657 -5,977
Net Cash Flow 110 -380 276 334 -111 84 -335 4,999 -1,615 7,977 -3,135 6,616

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 16 20 16 17 24 27 24 31 22 21 19 16
Inventory Days 97 83 98 136 135 147 118 123 130 160 208 130
Days Payable 162 155 141 175 207 172 149 137 169 171 190 149
Cash Conversion Cycle -50 -52 -26 -23 -48 2 -7 17 -17 9 36 -4
Working Capital Days -108 -66 -44 -49 -84 -34 -25 -36 -53 -82 8 -12
ROCE % 14% 11% 13% 10% 5% 14% 18% 20% 9% 16% 29% 8%

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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