JSW Steel Ltd

JSW Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

JSW Steel Ltd

₹ 1,281 -0.16%
28 Apr 1:29 p.m.
jsw.in BSE: 500228 NSE: JSWSTEEL
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]

Website BSE NSE
  • Market Cap ₹ 3,13,275 Cr.
  • Current Price ₹ 1,281
  • High / Low ₹ 1,306 / 935
  • Stock P/E 40.1
  • Book Value ₹ 339
  • Dividend Yield 0.22 %
  • ROCE 8.11 %
  • ROE 4.94 %
  • Face Value ₹ 1.00
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Pros

  • Company has been maintaining a healthy dividend payout of 24.8%

Cons

  • Stock is trading at 3.81 times its book value
  • Company has a low return on equity of 7.42% 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.

Peer comparison

Commodities Metals & Mining Ferrous Metals Iron & Steel

Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
39,134 46,962 42,213 44,584 41,940 46,269 42,943 39,684 41,378 44,819 43,147 45,152 45,991
34,643 39,031 35,201 36,722 34,776 40,243 37,445 34,309 35,799 38,684 35,671 38,125 39,612
Operating Profit 4,491 7,931 7,012 7,862 7,164 6,026 5,498 5,375 5,579 6,135 7,476 7,027 6,379
OPM % 11% 17% 17% 18% 17% 13% 13% 14% 13% 14% 17% 16% 14%
188 465 331 826 194 242 164 -189 50 186 350 284 -256
Interest 1,819 2,138 1,963 2,084 1,996 2,062 2,073 2,130 2,115 2,094 2,217 2,413 2,304
Depreciation 1,882 2,009 1,900 2,019 2,059 2,194 2,209 2,267 2,336 2,497 2,537 2,554 2,362
Profit before tax 978 4,249 3,480 4,585 3,303 2,012 1,380 789 1,178 1,730 3,072 2,344 1,457
Tax % 52% 12% 30% 40% 26% 34% 37% 49% 39% 13% 28% 30% -65%
474 3,741 2,428 2,773 2,450 1,322 867 404 719 1,501 2,209 1,646 2,410
EPS in Rs 2.03 15.16 9.67 11.29 9.88 5.31 3.46 1.80 2.93 6.15 8.93 6.64 8.75
Raw PDF
Upcoming result date: 14 May 2026

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
51,220 52,972 41,546 55,604 71,933 84,757 73,326 79,839 146,371 165,960 175,006 168,824 179,109
42,051 43,608 35,124 43,296 57,017 65,827 61,513 59,661 107,257 147,490 146,849 146,099 152,092
Operating Profit 9,169 9,364 6,422 12,308 14,916 18,930 11,813 20,178 39,114 18,470 28,157 22,725 27,017
OPM % 18% 18% 15% 22% 21% 22% 16% 25% 27% 11% 16% 13% 15%
-1,630 103 -1,966 18 -177 196 -289 473 1,600 1,561 1,500 73 564
Interest 3,048 3,493 3,601 3,768 3,701 3,917 4,265 3,957 4,968 6,902 8,105 8,412 9,028
Depreciation 3,183 3,434 3,323 3,430 3,387 4,041 4,246 4,679 6,001 7,474 8,172 9,309 9,950
Profit before tax 1,308 2,539 -2,468 5,128 7,651 11,168 3,013 12,015 29,745 5,655 13,380 5,077 8,603
Tax % 70% 32% -80% 33% 20% 33% -30% 34% 30% 27% 33% 31%
402 1,722 -481 3,467 6,113 7,524 3,919 7,873 20,938 4,139 8,973 3,491 7,766
EPS in Rs 1.87 7.43 -1.39 14.57 25.71 31.60 16.67 32.73 85.49 17.14 36.03 14.33 30.47
Dividend Payout % 74% 19% -67% 19% 16% 16% 15% 25% 25% 25% 25% 24%
Compounded Sales Growth
10 Years: 12%
5 Years: 18%
3 Years: 5%
TTM: 5%
Compounded Profit Growth
10 Years: 8%
5 Years: -3%
3 Years: -43%
TTM: 121%
Stock Price CAGR
10 Years: 25%
5 Years: 12%
3 Years: 21%
1 Year: 22%
Return on Equity
10 Years: 15%
5 Years: 14%
3 Years: 7%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 303 303 301 301 302 301 301 302 301 301 305 305 305
Reserves 20,871 21,987 18,665 22,346 27,696 34,494 36,298 45,308 66,996 65,394 77,364 79,191 82,628
35,527 38,754 42,204 43,334 39,393 47,396 61,423 66,727 72,237 80,853 87,984 98,752 101,107
20,939 24,610 20,737 22,024 24,579 32,606 33,798 34,826 56,951 63,991 62,245 62,197 66,395
Total Liabilities 77,640 85,654 81,907 88,005 91,970 114,797 131,820 147,163 196,485 210,539 227,898 240,445 250,435
47,046 52,176 56,140 58,730 57,848 62,644 62,085 64,917 99,880 104,452 112,461 124,466 126,324
CWIP 9,400 8,265 7,271 4,363 5,950 11,889 27,191 32,566 16,905 22,166 29,676 21,007 20,544
Investments 663 599 1,195 1,366 1,469 1,894 1,259 7,427 4,940 4,806 7,246 15,217 15,606
20,531 24,613 17,302 23,546 26,703 38,370 41,285 42,253 74,760 79,115 78,515 79,755 87,961
Total Assets 77,640 85,654 81,907 88,005 91,970 114,797 131,820 147,163 196,485 210,539 227,898 240,445 250,435

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,594 7,876 6,897 7,888 12,379 14,633 12,785 18,831 26,270 23,323 12,078 20,899
-5,618 -7,372 -3,857 -5,094 -4,529 -11,387 -19,589 -9,410 -14,748 -10,730 -14,467 -17,012
3,300 -169 -3,151 -2,710 -8,185 1,753 5,189 -1,444 -14,657 -5,977 -5,005 -262
Net Cash Flow 276 334 -111 84 -335 4,999 -1,615 7,977 -3,135 6,616 -7,394 3,625
Free Cash Flow -3,151 1,362 1,736 3,498 7,703 4,471 18 7,916 16,222 8,574 -3,469 8,264
CFO/OP 33% 92% 111% 66% 93% 91% 118% 103% 81% 130% 53% 101%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 16 17 24 27 24 31 22 21 19 16 16 18
Inventory Days 98 136 135 147 118 123 130 160 208 130 151 142
Days Payable 141 175 207 172 149 137 169 171 190 149 133 132
Cash Conversion Cycle -26 -23 -48 2 -7 17 -17 9 36 -4 33 28
Working Capital Days -79 -58 -105 -66 -36 -63 -96 -93 -24 -50 -29 -19
ROCE % 13% 10% 5% 14% 18% 20% 9% 15% 28% 8% 13% 8%

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

56 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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