JSW Steel Ltd

About [ edit ]

JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products.

  • Market Cap 176,458 Cr.
  • Current Price 730
  • High / Low 742 / 162
  • Stock P/E 44.7
  • Book Value 156
  • Dividend Yield 0.27 %
  • ROCE 9.10 %
  • ROE 11.3 %
  • Face Value 1.00

Pros

Cons

  • The company has delivered a poor sales growth of 6.72% over past five years.

Peer comparison

Sector: Steel Industry: Steel - Large

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
21,336 20,519 21,552 20,318 22,368 19,812 17,572 18,055 17,887 11,782 19,264 21,859
16,046 15,414 16,648 15,833 17,961 16,115 14,856 15,631 14,941 10,494 14,850 15,918
Operating Profit 5,290 5,105 4,904 4,485 4,407 3,697 2,716 2,424 2,946 1,288 4,414 5,941
OPM % 25% 25% 23% 22% 20% 19% 15% 13% 16% 11% 23% 27%
Other Income 52 79 56 37 53 141 156 127 -683 132 199 147
Interest 883 887 963 1,021 1,046 1,042 1,127 1,060 1,036 1,016 959 977
Depreciation 865 905 974 1,078 1,084 1,026 1,057 1,055 1,108 1,047 1,149 1,230
Profit before tax 3,594 3,392 3,023 2,423 2,330 1,770 688 436 119 -643 2,505 3,881
Tax % 20% 31% 31% 34% 36% 43% -269% 57% -58% 9% 36% 31%
Net Profit 2,879 2,366 2,126 1,624 1,523 1,028 2,560 211 231 -561 1,593 2,681
EPS in Rs 11.91 9.79 8.80 6.72 6.30 4.25 10.59 0.87 0.96 -2.32 6.59 11.09

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
15,934 18,957 24,106 34,368 38,210 51,220 52,972 41,546 55,604 71,933 84,757 73,326 70,792
12,944 14,887 19,238 27,571 31,715 42,075 43,608 35,127 43,302 57,036 65,835 61,518 56,203
Operating Profit 2,990 4,070 4,868 6,797 6,495 9,145 9,364 6,420 12,302 14,897 18,922 11,808 14,589
OPM % 19% 21% 20% 20% 17% 18% 18% 15% 22% 21% 22% 16% 21%
Other Income -520 543 190 -1,444 -290 -1,606 103 -1,964 24 -158 204 -284 -205
Interest 1,168 1,115 1,060 1,427 1,967 3,048 3,493 3,601 3,768 3,701 3,917 4,265 3,988
Depreciation 988 1,299 1,560 1,933 2,237 3,183 3,434 3,323 3,430 3,387 4,041 4,246 4,534
Profit before tax 315 2,200 2,438 1,993 1,999 1,308 2,539 -2,468 5,128 7,651 11,168 3,013 5,862
Tax % 23% 29% 32% 25% 42% 70% 32% 80% 33% 20% 33% -30%
Net Profit 275 1,598 1,754 538 963 452 1,797 -335 3,523 6,214 7,639 4,030 3,944
EPS in Rs 1.47 8.54 7.86 2.41 4.32 1.87 7.43 -1.39 14.57 25.71 31.60 16.67 16.32
Dividend Payout % 9% 15% 20% 40% 30% 74% 19% -67% 19% 16% 16% 15%
Compounded Sales Growth
10 Years:14%
5 Years:7%
3 Years:10%
TTM:-9%
Compounded Profit Growth
10 Years:10%
5 Years:18%
3 Years:5%
TTM:-26%
Stock Price CAGR
10 Years:23%
5 Years:41%
3 Years:31%
1 Year:340%
Return on Equity
10 Years:13%
5 Years:17%
3 Years:19%
Last Year:11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
537 527 563 563 563 1,067 1,067 301 301 510 321 325 301
Reserves 7,267 8,730 15,437 16,186 16,781 20,871 21,987 18,665 22,346 27,696 34,494 36,298 37,308
Borrowings 16,550 16,173 16,476 19,909 21,346 34,762 37,990 42,204 43,334 39,185 47,376 59,349 49,893
10,102 10,255 13,691 17,543 19,102 21,704 25,374 20,737 22,024 24,787 32,626 35,872 40,662
Total Liabilities 34,167 35,406 45,888 53,922 57,513 77,640 85,654 81,907 88,005 91,970 114,797 131,820 128,164
19,092 22,352 26,904 33,812 34,717 47,046 52,176 56,140 58,730 57,848 62,644 61,994 61,580
CWIP 9,585 6,956 6,023 2,832 5,898 9,400 8,265 7,271 4,363 5,950 11,889 27,191 29,997
Investments 397 628 2,914 2,090 1,750 663 599 1,195 1,366 1,469 1,894 1,259 1,429
5,093 5,470 10,048 15,189 15,148 20,531 24,613 17,302 23,546 26,703 38,370 41,376 35,158
Total Assets 34,167 35,406 45,888 53,922 57,513 77,640 85,654 81,907 88,005 91,970 114,797 131,820 128,164

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
4,592 3,346 2,830 3,512 5,844 2,594 7,876 6,897 7,888 12,379 14,633 12,785
-5,841 -2,932 -7,633 -4,101 -5,433 -5,618 -7,372 -3,857 -5,094 -4,529 -11,387 -19,589
1,236 -561 5,096 698 -791 3,300 -169 -3,151 -2,710 -8,185 1,753 5,189
Net Cash Flow -12 -147 293 110 -380 276 334 -111 84 -335 4,999 -1,615

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 10% 13% 12% 14% 11% 13% 10% 5% 14% 18% 20% 9%
Debtor Days 9 13 14 16 20 16 17 24 27 24 31 22
Inventory Turnover 4.08 4.24 4.38 4.63 4.64 4.99 3.52 2.71 3.36 3.73 3.70 3.17

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
41.75 42.32 42.55 42.66 42.27 42.40 42.33 42.71 43.07 44.07 44.07 44.07
19.88 19.80 19.63 18.58 18.98 17.89 17.64 17.13 15.35 13.34 13.31 12.69
17.87 16.89 2.59 2.87 3.25 3.78 4.11 4.39 4.93 5.84 6.29 7.11
0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51 0.51
19.50 19.92 34.08 34.74 34.36 34.87 34.79 34.65 35.54 35.69 35.31 35.15
0.49 0.56 0.64 0.64 0.63 0.55 0.62 0.61 0.61 0.54 0.50 0.47

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