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 ₹ 2,01,188 Cr.
- Current Price ₹ 822
- High / Low ₹ 840 / 649
- Stock P/E 22.6
- Book Value ₹ 302
- Dividend Yield 0.41 %
- ROCE 8.33 %
- ROE 5.64 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 24.9%
Cons
- Promoter holding has decreased over last quarter: -0.61%
* 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 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 | 172,893 | |
27,571 | 31,698 | 42,051 | 43,608 | 35,124 | 43,296 | 57,017 | 65,827 | 61,513 | 59,661 | 107,257 | 147,490 | 145,597 | |
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 | 27,296 |
OPM % | 20% | 17% | 18% | 18% | 15% | 22% | 21% | 22% | 16% | 25% | 27% | 11% | 16% |
-1,444 | -307 | -1,630 | 103 | -1,966 | 18 | -177 | 196 | -289 | 473 | 1,600 | 1,561 | 1,810 | |
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 | 8,004 |
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 | 7,810 |
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 | 13,292 |
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 | 9,416 | |
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 | 38.15 |
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: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | -10% |
3 Years: | -6% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | 24% |
5 Years: | 22% |
3 Years: | 30% |
1 Year: | 9% |
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 | 45,308 | 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 | 66,701 | 72,208 | 80,820 | 81,874 | |
17,543 | 19,102 | 21,704 | 25,374 | 20,737 | 22,024 | 24,787 | 32,626 | 33,822 | 34,852 | 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 | 147,163 | 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 | 7,427 | 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 | 147,163 | 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 | 18,831 | 26,270 | 23,323 | |
-4,101 | -5,433 | -5,618 | -7,372 | -3,857 | -5,094 | -4,529 | -11,387 | -19,589 | -9,410 | -14,748 | -10,730 | |
698 | -791 | 3,300 | -169 | -3,151 | -2,710 | -8,185 | 1,753 | 5,189 | -1,444 | -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 | -24 | 8 | -12 |
ROCE % | 14% | 11% | 13% | 10% | 5% | 14% | 18% | 20% | 9% | 15% | 28% | 8% |
Documents
Announcements
- Payment Of Penalty On Erstwhile JSW Ispat Special Products Limited By Reserve Bank Of India. 28 Nov
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 27 Nov
- Completion Of Approved Strategic Investment Of INR 750 Crores In JSW Paints Pvt Ltd 23 Nov
- Withdrawal Of Final Mine Closure Plan - Jajang Iron Ore Block, Odisha. 16 Nov
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 14 Nov
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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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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Concalls
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Oct 2023Transcript PPT
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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]