JSW Steel Ltd

JSW Steel Ltd

₹ 994 -1.26%
30 May - close price
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]

  • Market Cap 2,42,956 Cr.
  • Current Price 994
  • High / Low 1,075 / 824
  • Stock P/E 63.8
  • Book Value 325
  • Dividend Yield 0.73 %
  • ROCE 8.03 %
  • ROE 4.85 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 3.06 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.39% 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
46,895 38,086 41,778 39,134 46,962 42,213 44,584 41,940 46,269 42,943 39,684 41,378 44,819
37,742 33,794 40,082 34,643 39,031 35,201 36,722 34,776 40,243 37,445 34,309 35,799 38,684
Operating Profit 9,153 4,292 1,696 4,491 7,931 7,012 7,862 7,164 6,026 5,498 5,375 5,579 6,135
OPM % 20% 11% 4% 11% 17% 17% 18% 17% 13% 13% 14% 13% 14%
-508 189 779 188 465 331 826 194 242 164 -189 50 186
Interest 1,756 1,422 1,523 1,819 2,138 1,963 2,084 1,996 2,062 2,073 2,130 2,115 2,094
Depreciation 1,815 1,778 1,805 1,882 2,009 1,900 2,019 2,059 2,194 2,209 2,267 2,336 2,497
Profit before tax 5,074 1,281 -853 978 4,249 3,480 4,585 3,303 2,012 1,380 789 1,178 1,730
Tax % 34% 34% 7% 52% 12% 30% 40% 26% 34% 37% 49% 39% 13%
3,343 839 -915 474 3,741 2,428 2,773 2,450 1,322 867 404 719 1,501
EPS in Rs 13.38 3.47 -3.51 2.03 15.16 9.67 11.29 9.88 5.31 3.46 1.80 2.93 6.15
Raw PDF

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
51,220 52,972 41,546 55,604 71,933 84,757 73,326 79,839 146,371 165,960 175,006 168,824
42,051 43,608 35,124 43,296 57,017 65,827 61,513 59,661 107,257 147,490 146,849 146,231
Operating Profit 9,169 9,364 6,422 12,308 14,916 18,930 11,813 20,178 39,114 18,470 28,157 22,593
OPM % 18% 18% 15% 22% 21% 22% 16% 25% 27% 11% 16% 13%
-1,630 103 -1,966 18 -177 196 -289 473 1,600 1,561 1,500 205
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
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
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
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
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
Dividend Payout % 74% 19% -67% 19% 16% 16% 15% 25% 25% 25% 25% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 18%
3 Years: 5%
TTM: -4%
Compounded Profit Growth
10 Years: 8%
5 Years: -3%
3 Years: -44%
TTM: -55%
Stock Price CAGR
10 Years: 27%
5 Years: 39%
3 Years: 20%
1 Year: 13%
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
Equity Capital 303 303 301 301 302 301 301 302 301 301 305 305
Reserves 20,871 21,987 18,665 22,346 27,696 34,494 36,298 46,462 66,996 65,394 77,364 79,191
35,527 38,754 42,204 43,334 39,393 47,396 61,423 62,392 72,237 80,853 87,984 98,752
20,939 24,610 20,737 22,024 24,579 32,606 33,798 39,161 56,951 63,991 62,245 62,494
Total Liabilities 77,640 85,654 81,907 88,005 91,970 114,797 131,820 148,317 196,485 210,539 227,898 240,742
47,046 52,176 56,140 58,730 57,848 62,644 62,085 64,917 99,880 104,452 112,461 124,995
CWIP 9,400 8,265 7,271 4,363 5,950 11,889 27,191 32,566 16,905 22,166 29,676 20,478
Investments 663 599 1,195 1,366 1,469 1,894 1,259 8,581 4,940 4,806 7,246 15,217
20,531 24,613 17,302 23,546 26,703 38,370 41,285 42,253 74,760 79,115 78,515 80,052
Total Assets 77,640 85,654 81,907 88,005 91,970 114,797 131,820 148,317 196,485 210,539 227,898 240,742

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 18,789 26,270 23,323 12,078 20,899
-5,618 -7,372 -3,857 -5,094 -4,529 -11,387 -19,589 -7,702 -14,748 -10,730 -14,467 -16,997
3,300 -169 -3,151 -2,710 -8,185 1,753 5,189 -3,110 -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 3,640

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 -44 -49 -84 -34 -25 -36 -53 -82 8 -12 10 24
ROCE % 13% 10% 5% 14% 18% 20% 9% 16% 29% 8% 13% 8%

Shareholding Pattern

Numbers in percentages

28 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
45.02% 45.20% 45.20% 45.41% 45.41% 44.79% 44.81% 44.81% 44.81% 44.84% 44.85% 44.84%
10.61% 10.75% 26.04% 26.01% 25.98% 26.13% 26.33% 26.06% 25.52% 25.66% 25.59% 25.78%
9.07% 9.25% 9.34% 9.47% 9.59% 9.50% 9.48% 9.81% 10.52% 10.53% 10.59% 10.52%
0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51%
34.14% 33.70% 18.35% 18.07% 17.99% 18.64% 18.47% 18.44% 18.30% 18.22% 18.24% 18.16%
0.65% 0.60% 0.57% 0.53% 0.51% 0.43% 0.41% 0.37% 0.34% 0.24% 0.23% 0.20%
No. of Shareholders 6,94,9166,67,1736,08,4486,05,0195,86,9976,63,1796,41,5826,71,7796,35,6806,32,2496,35,8906,21,932

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls