JSW Steel Ltd
JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products.[1]
The company aims to expand its crude steel capacity from 18 MnTPA in FY20 to 45 MnTPA within the next decade.[2]
In 2021, the company completed the acquisition of BPSL and became the largest steel producer in India.[3]
The company is the owner of single largest steel plant in India with a capacity of 12 MnTPA.[4]
- Market Cap ₹ 160,080 Cr.
- Current Price ₹ 662
- High / Low ₹ 790 / 520
- Stock P/E 43.7
- Book Value ₹ 257
- Dividend Yield 2.62 %
- ROCE 28.2 %
- ROE 37.6 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 43.0% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%
- Company has been maintaining a healthy dividend payout of 21.7%
Cons
- Company might be capitalizing the interest cost
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
24,106 | 34,368 | 38,210 | 51,220 | 52,972 | 41,546 | 55,604 | 71,933 | 84,757 | 73,326 | 79,839 | 146,371 | 165,893 | |
19,237 | 27,571 | 31,698 | 42,051 | 43,608 | 35,124 | 43,296 | 57,017 | 65,827 | 61,513 | 59,661 | 107,257 | 146,261 | |
Operating Profit | 4,869 | 6,797 | 6,512 | 9,169 | 9,364 | 6,422 | 12,308 | 14,916 | 18,930 | 11,813 | 20,178 | 39,114 | 19,632 |
OPM % | 20% | 20% | 17% | 18% | 18% | 15% | 22% | 21% | 22% | 16% | 25% | 27% | 12% |
189 | -1,444 | -307 | -1,630 | 103 | -1,966 | 18 | -177 | 196 | -289 | 473 | 1,600 | 648 | |
Interest | 1,060 | 1,427 | 1,967 | 3,048 | 3,493 | 3,601 | 3,768 | 3,701 | 3,917 | 4,265 | 3,957 | 4,968 | 6,520 |
Depreciation | 1,560 | 1,933 | 2,237 | 3,183 | 3,434 | 3,323 | 3,430 | 3,387 | 4,041 | 4,246 | 4,679 | 6,001 | 7,280 |
Profit before tax | 2,438 | 1,993 | 1,999 | 1,308 | 2,539 | -2,468 | 5,128 | 7,651 | 11,168 | 3,013 | 12,015 | 29,745 | 6,480 |
Tax % | 32% | 25% | 42% | 70% | 32% | 80% | 33% | 20% | 33% | -30% | 34% | 30% | |
Net Profit | 1,730 | 557 | 929 | 402 | 1,722 | -481 | 3,467 | 6,113 | 7,524 | 3,919 | 7,873 | 20,938 | 3,741 |
EPS in Rs | 7.86 | 2.41 | 4.32 | 1.87 | 7.43 | -1.39 | 14.57 | 25.71 | 31.60 | 16.67 | 32.73 | 85.49 | 15.37 |
Dividend Payout % | 20% | 40% | 30% | 74% | 19% | -67% | 19% | 16% | 16% | 15% | 25% | 25% |
Compounded Sales Growth | |
---|---|
10 Years: | 16% |
5 Years: | 21% |
3 Years: | 20% |
TTM: | 31% |
Compounded Profit Growth | |
---|---|
10 Years: | 34% |
5 Years: | 43% |
3 Years: | 41% |
TTM: | -83% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 18% |
3 Years: | 66% |
1 Year: | -6% |
Return on Equity | |
---|---|
10 Years: | 19% |
5 Years: | 25% |
3 Years: | 25% |
Last Year: | 38% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
563 | 563 | 563 | 1,067 | 1,067 | 301 | 301 | 510 | 321 | 325 | 328 | 330 | 301 | |
Reserves | 15,437 | 16,186 | 16,781 | 20,871 | 21,987 | 18,665 | 22,346 | 27,696 | 34,494 | 36,298 | 45,308 | 66,996 | 61,706 |
16,476 | 19,909 | 21,346 | 34,762 | 37,990 | 42,204 | 43,334 | 39,185 | 47,376 | 61,399 | 66,701 | 72,208 | 77,737 | |
13,691 | 17,543 | 19,102 | 21,704 | 25,374 | 20,737 | 22,024 | 24,787 | 32,626 | 33,822 | 34,852 | 56,980 | 56,735 | |
Total Liabilities | 45,888 | 53,922 | 57,513 | 77,640 | 85,654 | 81,907 | 88,005 | 91,970 | 114,797 | 131,820 | 147,163 | 196,485 | 196,479 |
26,904 | 33,812 | 34,717 | 47,046 | 52,176 | 56,140 | 58,730 | 57,848 | 62,644 | 62,085 | 64,917 | 99,880 | 101,422 | |
CWIP | 6,023 | 2,832 | 5,898 | 9,400 | 8,265 | 7,271 | 4,363 | 5,950 | 11,889 | 27,191 | 32,566 | 16,905 | 18,907 |
Investments | 2,914 | 2,090 | 1,750 | 663 | 599 | 1,195 | 1,366 | 1,469 | 1,894 | 1,259 | 7,427 | 4,940 | 5,087 |
10,048 | 15,189 | 15,148 | 20,531 | 24,613 | 17,302 | 23,546 | 26,703 | 38,370 | 41,285 | 42,253 | 74,760 | 71,063 | |
Total Assets | 45,888 | 53,922 | 57,513 | 77,640 | 85,654 | 81,907 | 88,005 | 91,970 | 114,797 | 131,820 | 147,163 | 196,485 | 196,479 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,830 | 3,512 | 5,844 | 2,594 | 7,876 | 6,897 | 7,888 | 12,379 | 14,633 | 12,785 | 18,831 | 26,270 | |
-7,633 | -4,101 | -5,433 | -5,618 | -7,372 | -3,857 | -5,094 | -4,529 | -11,387 | -19,589 | -9,410 | -14,748 | |
5,096 | 698 | -791 | 3,300 | -169 | -3,151 | -2,710 | -8,185 | 1,753 | 5,189 | -1,444 | -14,657 | |
Net Cash Flow | 293 | 110 | -380 | 276 | 334 | -111 | 84 | -335 | 4,999 | -1,615 | 7,977 | -3,135 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 14 | 16 | 20 | 16 | 17 | 24 | 27 | 24 | 31 | 22 | 21 | 19 |
Inventory Days | 109 | 97 | 83 | 98 | 136 | 135 | 147 | 118 | 123 | 130 | 160 | 208 |
Days Payable | 150 | 162 | 155 | 141 | 175 | 207 | 172 | 149 | 137 | 169 | 171 | 190 |
Cash Conversion Cycle | -26 | -50 | -52 | -26 | -23 | -48 | 2 | -7 | 17 | -17 | 9 | 36 |
Working Capital Days | -91 | -108 | -66 | -44 | -49 | -84 | -34 | -25 | -36 | -53 | -24 | 8 |
ROCE % | 12% | 14% | 11% | 13% | 10% | 5% | 14% | 18% | 20% | 9% | 15% | 28% |
Documents
Announcements
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 1d
- Voting Results Under Regulation 44(3) Of The SEBI LODR Regulations 2015. 2d
- Proceedings Of National Company Law Tribunal ('NCLT') Convened Meeting Of The Equity Shareholders Of JSW Steel Limited ('Company') Held Today, March 17, 2023 At 3.P.M 17 Mar
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 14 Mar
- JSW Steel Coated Products Limited Has Completed The Acquisition Of Ayena Innovation Private Limited 10 Mar
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Jan 2023TranscriptNotesPPT
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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]