JSW Steel Ltd
- Market Cap ₹ 3,16,099 Cr.
- Current Price ₹ 1,293
- High / Low ₹ 1,320 / 962
- Stock P/E 34.7
- Book Value ₹ 409
- Dividend Yield 0.22 %
- ROCE 10.9 %
- ROE 10.1 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 19.8%
Cons
- Stock is trading at 3.12 times its book value
- Company has a low return on equity of 8.93% over last 3 years.
- Earnings include an other income of Rs.18,607 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.
Peer comparison
Commodities Metals & Mining Ferrous Metals Iron & Steel
Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 52,972 | 41,546 | 55,604 | 71,933 | 84,757 | 73,326 | 79,839 | 146,371 | 165,960 | 175,006 | 168,824 | 185,470 | |
| 43,608 | 35,124 | 43,296 | 57,017 | 65,827 | 61,513 | 59,661 | 107,257 | 147,490 | 146,849 | 146,099 | 156,124 | |
| Operating Profit | 9,364 | 6,422 | 12,308 | 14,916 | 18,930 | 11,813 | 20,178 | 39,114 | 18,470 | 28,157 | 22,725 | 29,346 |
| OPM % | 18% | 15% | 22% | 21% | 22% | 16% | 25% | 27% | 11% | 16% | 13% | 16% |
| 103 | -1,966 | 18 | -177 | 196 | -289 | 473 | 1,600 | 1,561 | 1,500 | 73 | 18,607 | |
| 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 |
| 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 |
| 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 |
| 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 | |
| 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 |
| 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: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 3% |
| 3 Years: | 34% |
| TTM: | 134% |
| 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: | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 303 | 301 | 301 | 302 | 301 | 301 | 302 | 301 | 301 | 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 |
| 38,754 | 42,204 | 43,334 | 39,393 | 47,396 | 61,423 | 66,727 | 72,237 | 80,853 | 87,984 | 98,752 | 99,310 | |
| 24,610 | 20,737 | 22,024 | 24,579 | 32,606 | 33,798 | 34,826 | 56,951 | 63,991 | 62,245 | 62,197 | 70,313 | |
| Total Liabilities | 85,654 | 81,907 | 88,005 | 91,970 | 114,797 | 131,820 | 147,163 | 196,485 | 210,539 | 227,898 | 240,445 | 269,676 |
| 52,176 | 56,140 | 58,730 | 57,848 | 62,644 | 62,085 | 64,917 | 99,880 | 104,452 | 112,461 | 124,466 | 117,552 | |
| CWIP | 8,265 | 7,271 | 4,363 | 5,950 | 11,889 | 27,191 | 32,566 | 16,905 | 22,166 | 29,676 | 21,007 | 21,892 |
| Investments | 599 | 1,195 | 1,366 | 1,469 | 1,894 | 1,259 | 7,427 | 4,940 | 4,806 | 7,246 | 15,217 | 10,218 |
| 24,613 | 17,302 | 23,546 | 26,703 | 38,370 | 41,285 | 42,253 | 74,760 | 79,115 | 78,515 | 79,755 | 120,014 | |
| Total Assets | 85,654 | 81,907 | 88,005 | 91,970 | 114,797 | 131,820 | 147,163 | 196,485 | 210,539 | 227,898 | 240,445 | 269,676 |
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 | 18,690 | |
| -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 | 27,731 |
| 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/OP | 92% | 111% | 66% | 93% | 91% | 118% | 103% | 81% | 130% | 53% | 101% | 97% |
Ratios
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 55 |
| Cash Conversion Cycle | -23 | -48 | 2 | -7 | 17 | -17 | 9 | 36 | -4 | 33 | 28 | 91 |
| Working Capital Days | -58 | -105 | -66 | -36 | -63 | -96 | -93 | -24 | -50 | -29 | -19 | -14 |
| ROCE % | 10% | 5% | 14% | 18% | 20% | 9% | 15% | 28% | 8% | 13% | 8% | 11% |
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 |
|
|||||||||||
| 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
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Advertisement of Financial results published in Financial EXpress and Navshakti.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 May - Q4/FY26 results presentation: revenue ₹51,180 crore, net profit ₹19,243 crore, dividend ₹7.1/share.
-
The Board Has Decided To Convene The 32Nd AGM Of The Members On July 24, 2026.
14 May - Board recommended ₹7.10 final dividend, reappointed independent director, and approved up to ₹7,000 crore QIP/NCD issue.
-
Record Date For The Purpose Of Dividend & AGM.
14 May - Board recommended ₹7.10 final dividend, reappointed independent director, and approved up to ₹7,000 crore fundraising.
-
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
14 May - Board approved amalgamation of BMM Ispat into JSW Steel on May 14, 2026; swap ratio 1:18.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
Concalls
-
May 2026TranscriptAI SummaryPPT
-
Jan 2026Transcript PPT REC
-
Oct 2025Transcript PPT REC
-
Jul 2025Transcript PPT REC
-
May 2025Transcript PPT
-
Jan 2025Transcript PPT
-
Oct 2024Transcript PPT
-
Jul 2024Transcript PPT
-
May 2024Transcript PPT
-
Jan 2024Transcript PPT
-
Oct 2023Transcript PPT
-
Jul 2023Transcript PPT
-
May 2023TranscriptAI SummaryPPT
-
Jan 2023TranscriptAI SummaryPPT
-
Oct 2022TranscriptAI SummaryPPT
-
Jul 2022TranscriptAI SummaryPPT
-
May 2022TranscriptAI SummaryPPT
-
Jan 2022TranscriptAI SummaryPPT
-
Oct 2021Transcript PPT
-
Jul 2021Transcript PPT
-
May 2021Transcript PPT
-
Jan 2021Transcript PPT
-
Oct 2020Transcript PPT
-
Jul 2020Transcript PPT
-
May 2020Transcript PPT
-
Jan 2020Transcript PPT
-
Oct 2019Transcript PPT
-
Jul 2019Transcript PPT
-
May 2019Transcript PPT
-
Feb 2019Transcript PPT
-
Oct 2018Transcript PPT
-
Jul 2018Transcript PPT
-
May 2018Transcript PPT
-
Feb 2018Transcript PPT
-
Nov 2017Transcript PPT
-
Aug 2017Transcript PPT
-
May 2017TranscriptPPT
-
Jan 2017TranscriptPPT
-
Oct 2016TranscriptPPT
-
Jul 2016Transcript PPT
-
Feb 2016Transcript PPT
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]