JSW Steel Ltd

JSW Steel Ltd

₹ 1,009 0.91%
12 Dec 1:08 p.m.
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 2,46,734 Cr.
  • Current Price 1,009
  • High / Low 1,063 / 762
  • Stock P/E 48.0
  • Book Value 326
  • Dividend Yield 0.73 %
  • ROCE 13.3 %
  • ROE 11.8 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 25.1%

Cons

  • Company has low interest coverage ratio.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
32,503 38,071 46,895 38,086 41,778 39,134 46,962 42,213 44,584 41,940 46,269 42,943 39,684
22,086 28,939 37,742 33,794 40,082 34,643 39,031 35,201 36,722 34,776 40,243 37,445 34,309
Operating Profit 10,417 9,132 9,153 4,292 1,696 4,491 7,931 7,012 7,862 7,164 6,026 5,498 5,375
OPM % 32% 24% 20% 11% 4% 11% 17% 17% 18% 17% 13% 13% 14%
1,549 176 -508 189 779 188 465 331 826 194 242 164 -189
Interest 936 1,283 1,756 1,422 1,523 1,819 2,138 1,963 2,084 1,996 2,062 2,073 2,130
Depreciation 1,239 1,764 1,815 1,778 1,805 1,882 2,009 1,900 2,019 2,059 2,194 2,209 2,267
Profit before tax 9,791 6,261 5,074 1,281 -853 978 4,249 3,480 4,585 3,303 2,012 1,380 789
Tax % 27% 28% 34% 34% 7% 52% 12% 30% 40% 26% 34% 37% 49%
7,179 4,516 3,343 839 -915 474 3,741 2,428 2,773 2,450 1,322 867 404
EPS in Rs 29.66 18.02 13.38 3.47 -3.51 2.03 15.16 9.67 11.29 9.88 5.31 3.46 1.80
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
38,210 51,220 52,972 41,546 55,604 71,933 84,757 73,326 79,839 146,371 165,960 175,006 170,836
31,698 42,051 43,608 35,124 43,296 57,017 65,827 61,513 59,661 107,257 147,490 146,849 146,773
Operating Profit 6,512 9,169 9,364 6,422 12,308 14,916 18,930 11,813 20,178 39,114 18,470 28,157 24,063
OPM % 17% 18% 18% 15% 22% 21% 22% 16% 25% 27% 11% 16% 14%
-307 -1,630 103 -1,966 18 -177 196 -289 473 1,600 1,561 1,500 411
Interest 1,967 3,048 3,493 3,601 3,768 3,701 3,917 4,265 3,957 4,968 6,902 8,105 8,261
Depreciation 2,237 3,183 3,434 3,323 3,430 3,387 4,041 4,246 4,679 6,001 7,474 8,172 8,729
Profit before tax 1,999 1,308 2,539 -2,468 5,128 7,651 11,168 3,013 12,015 29,745 5,655 13,380 7,484
Tax % 42% 70% 32% -80% 33% 20% 33% -30% 34% 30% 27% 33%
929 402 1,722 -481 3,467 6,113 7,524 3,919 7,873 20,938 4,139 8,973 5,043
EPS in Rs 4.32 1.87 7.43 -1.39 14.57 25.71 31.60 16.67 32.73 85.49 17.14 36.03 20.45
Dividend Payout % 30% 74% 19% -67% 19% 16% 16% 15% 25% 25% 25% 25%
Compounded Sales Growth
10 Years: 13%
5 Years: 16%
3 Years: 30%
TTM: -1%
Compounded Profit Growth
10 Years: 38%
5 Years: 2%
3 Years: 2%
TTM: -42%
Stock Price CAGR
10 Years: 25%
5 Years: 31%
3 Years: 14%
1 Year: 17%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 17%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 284 303 303 301 301 302 301 301 302 301 301 305 305
Reserves 16,781 20,871 21,987 18,665 22,346 27,696 34,494 36,298 46,462 66,996 65,394 77,364 79,361
21,625 35,527 38,754 42,204 43,334 39,393 47,396 61,423 62,392 72,237 80,853 87,984 95,258
18,823 20,939 24,610 20,737 22,024 24,579 32,606 33,798 39,161 56,951 63,991 62,245 58,244
Total Liabilities 57,513 77,640 85,654 81,907 88,005 91,970 114,797 131,820 148,317 196,485 210,539 227,898 233,168
34,717 47,046 52,176 56,140 58,730 57,848 62,644 62,085 64,917 99,880 104,452 112,461 114,294
CWIP 5,898 9,400 8,265 7,271 4,363 5,950 11,889 27,191 32,566 16,905 22,166 29,676 29,555
Investments 1,750 663 599 1,195 1,366 1,469 1,894 1,259 8,581 4,940 4,806 7,246 10,740
15,148 20,531 24,613 17,302 23,546 26,703 38,370 41,285 42,253 74,760 79,115 78,515 78,579
Total Assets 57,513 77,640 85,654 81,907 88,005 91,970 114,797 131,820 148,317 196,485 210,539 227,898 233,168

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5,844 2,594 7,876 6,897 7,888 12,379 14,633 12,785 18,789 26,270 23,323 12,078
-5,433 -5,618 -7,372 -3,857 -5,094 -4,529 -11,387 -19,589 -7,702 -14,748 -10,730 -14,467
-791 3,300 -169 -3,151 -2,710 -8,185 1,753 5,189 -3,110 -14,657 -5,977 -5,005
Net Cash Flow -380 276 334 -111 84 -335 4,999 -1,615 7,977 -3,135 6,616 -7,394

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 20 16 17 24 27 24 31 22 21 19 16 16
Inventory Days 83 98 136 135 147 118 123 130 160 208 130 151
Days Payable 155 141 175 207 172 149 137 169 171 190 149 133
Cash Conversion Cycle -52 -26 -23 -48 2 -7 17 -17 9 36 -4 33
Working Capital Days -66 -44 -49 -84 -34 -25 -36 -53 -82 8 -12 10
ROCE % 11% 13% 10% 5% 14% 18% 20% 9% 16% 29% 8% 13%

Shareholding Pattern

Numbers in percentages

67 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
44.72% 45.01% 45.02% 45.20% 45.20% 45.41% 45.41% 44.79% 44.81% 44.81% 44.81% 44.84%
11.21% 11.58% 10.61% 10.75% 26.04% 26.01% 25.98% 26.13% 26.33% 26.06% 25.52% 25.66%
8.38% 7.94% 9.07% 9.25% 9.34% 9.47% 9.59% 9.50% 9.48% 9.81% 10.52% 10.53%
0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51%
34.85% 34.65% 34.14% 33.70% 18.35% 18.07% 17.99% 18.64% 18.47% 18.44% 18.30% 18.22%
0.33% 0.31% 0.65% 0.60% 0.57% 0.53% 0.51% 0.43% 0.41% 0.37% 0.34% 0.24%
No. of Shareholders 6,79,9066,59,8796,94,9166,67,1736,08,4486,05,0195,86,9976,63,1796,41,5826,71,7796,35,6806,32,249

* 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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