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JSW Steel Overview

JSW Steel Limited is a holding company. The Company is engaged within the business of manufacturing and distribution of iron and metal merchandise. Its product portfolio in flat and long steel merchandise consists of hot rolled coils, sheets and plates; cold rolled coils and sheets; galvanized and galvalume merchandise; tinplate's; non-grain orientated electric metallic; pre-painted galvanized and galvalume merchandise; thermo-mechanically handled (TMT) bars; cord rods; rails; grinding balls, and unique metal bars. Its color lined and roofing m...Read More

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JSW Steel Key Financials

Market Cap ₹296951 Cr.

Stock P/E 85.1

P/B 3.5

Current Price ₹1214.3

Book Value ₹ 349.2

Face Value 1

52W High ₹1284.6

Dividend Yield 0.23%

52W Low ₹ 907.3

JSW Steel Share Price

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Volume
Price

JSW Steel Quarterly Price

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JSW Steel Peer Comparison

JSW Steel Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 44584 41940 46269 42943 39684 41378 44819 43147 45152 45991
Other Income 237 194 242 164 153 147 230 350 284 273
Total Income 44821 42134 46511 43107 39837 41525 45049 43497 45436 46264
Total Expenditure 36698 34760 40145 37433 34247 35799 38441 35571 38037 39495
Operating Profit 8123 7374 6366 5674 5590 5726 6608 7926 7399 6769
Interest 2084 1996 2062 2073 2130 2115 2094 2217 2413 2304
Depreciation 2019 2059 2194 2209 2267 2336 2497 2537 2554 2362
Exceptional Income / Expenses 589 0 0 0 -342 -103 -44 0 0 -529
Profit Before Tax 4609 3319 2110 1392 851 1172 1973 3172 2432 1574
Provision for Tax 1812 853 690 513 385 459 229 863 698 -953
Profit After Tax 2797 2466 1420 879 466 713 1744 2309 1734 2527
Adjustments -37 -51 -121 -34 -27 4 -241 -125 -111 -388
Profit After Adjustments 2760 2415 1299 845 439 717 1503 2184 1623 2139
Adjusted Earnings Per Share 9 9.9 4.3 3.5 1.4 2.9 4.9 9 5.3 8.8

JSW Steel Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 52972 41546 55604 71933 84757 73326 79839 146371 165960 175006 168824 179109
Other Income 258 635 153 167 204 546 696 1531 1030 1004 694 1137
Total Income 53230 42181 55757 72100 84961 73872 80535 147902 166990 176010 169518 180246
Total Expenditure 43716 35599 43431 57139 65805 61453 59802 107364 147413 146770 145920 151544
Operating Profit 9514 6581 12326 14961 19156 12419 20733 40538 19577 29240 23598 28702
Interest 3493 3601 3768 3701 3917 4265 3957 4968 6902 8105 8412 9028
Depreciation 3434 3323 3430 3387 4041 4246 4679 6001 7474 8172 9309 9950
Exceptional Income / Expenses -47 -2125 0 -264 0 -805 -83 -741 591 589 -489 -573
Profit Before Tax 2539 -2468 5128 7651 11168 3013 12015 29745 5655 13380 5077 9151
Provision for Tax 819 -1966 1674 1538 3644 -906 4142 8807 1516 4407 1586 837
Profit After Tax 1720 -501 3454 6113 7524 3919 7873 20938 4139 8973 3491 8314
Adjustments 77 166 69 101 115 111 38 -273 5 -161 13 -865
Profit After Adjustments 1797 -335 3523 6214 7639 4030 7911 20665 4144 8812 3504 7449
Adjusted Earnings Per Share 7.3 -1.4 14.7 25.8 31.8 16.8 32.8 86.1 17.3 36.1 14.4 28

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -4% 5% 18% 12%
Operating Profit CAGR -19% -17% 14% 10%
PAT CAGR -61% -45% -2% 7%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 20% 21% 24% 26%
ROE Average 4% 8% 16% 15%
ROCE Average 8% 10% 15% 13%

JSW Steel Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 23054 18965 22647 27998 34795 36599 45610 67297 65695 77669 79496
Minority's Interest 98 -195 -246 -464 -450 -575 -619 1238 1344 2107 2170
Borrowings 33677 35469 32416 31723 29656 44673 49731 57929 61966 67354 81983
Other Non-Current Liabilities 3571 2181 3628 3749 8788 7435 9142 12470 11571 14703 16170
Total Current Liabilities 25255 25486 29560 28964 42008 43688 43299 57551 69963 66065 60626
Total Liabilities 85654 81907 88005 91970 114797 131820 147163 196485 210539 227898 240445
Fixed Assets 52176 56140 58730 57848 62644 61861 64658 99700 104366 112321 124303
Other Non-Current Assets 14340 11030 7999 10930 18598 33481 46653 31411 38023 51043 45406
Total Current Assets 18817 14737 21265 23189 33543 36469 35844 65366 68146 64533 70707
Total Assets 85654 81907 88005 91970 114797 131820 147163 196485 210539 227898 240445

JSW Steel Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 579 944 833 917 582 5581 3966 11943 8808 15424 8030
Cash Flow from Operating Activities 7876 6897 7888 12379 14633 12785 18831 26270 23323 12078 20899
Cash Flow from Investing Activities -7370 -3854 -5094 -4529 -11448 -19586 -9827 -15987 -10711 -14638 -16997
Cash Flow from Financing Activities -169 -3151 -2710 -8185 1753 5189 -1444 -14657 -5977 -5005 -262
Net Cash Inflow / Outflow 337 -108 84 -335 4938 -1612 7560 -4374 6635 -7565 3640
Closing Cash & Cash Equivalent 913 833 917 582 5581 3966 11943 8808 15424 8030 11655

JSW Steel Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 7.32 -1.4 14.68 25.78 31.83 16.79 32.83 86.1 17.27 36.11 14.36
CEPS(Rs) 21.32 11.76 28.68 39.42 48.19 34.02 52.08 112.25 48.39 70.27 52.46
DPS(Rs) 1.1 0.75 2.25 3.2 4.1 2 6.5 17.35 3.4 7.3 2.8
Book NAV/Share(Rs) 90.63 78.81 94.05 115.75 144.35 151.73 188.51 279.15 271.78 316.24 323.86
Core EBITDA Margin(%) 16.1 12.93 20.11 20.21 22.36 16.19 25.1 26.65 11.18 16.13 13.57
EBIT Margin(%) 10.49 2.47 14.7 15.51 17.8 9.93 20.01 23.72 7.57 12.28 7.99
Pre Tax Margin(%) 4.42 -5.37 8.47 10.45 13.18 4.11 15.05 20.32 3.41 7.65 3.01
PAT Margin (%) 2.99 -1.09 5.71 8.35 8.88 5.34 9.86 14.3 2.49 5.13 2.07
Cash Profit Margin (%) 8.96 6.14 11.37 12.98 13.64 11.14 15.72 18.4 7 9.8 7.58
ROA(%) 2.11 -0.6 4.07 6.79 7.28 3.18 5.64 12.19 2.03 4.09 1.49
ROE(%) 7.99 -2.46 16.65 24.22 24.06 11.03 19.24 37.25 6.26 12.6 4.47
ROCE(%) 10.27 1.86 13.95 16.97 20.17 8.17 15.51 28.08 8.91 13.96 7.97
Receivable days 15.21 20.75 20.73 22.07 25.55 29.03 20.55 14.89 16.05 15.31 17.26
Inventory Days 60.83 76.73 59.44 59.8 58.44 70.49 64.05 59.89 73.59 73.99 78.67
Payable days 42.5 56.92 48.51 50.31 54.24 66.21 84.25 65.45 52.47 56.09 56.23
PER(x) 12.4 0 12.78 11.17 9.2 8.72 14.25 8.51 39.85 23.02 74.02
Price/Book(x) 1 1.62 1.99 2.49 2.03 0.97 2.48 2.62 2.53 2.63 3.28
Dividend Yield(%) 1.21 0.59 1.2 1.11 1.4 1.37 1.39 2.37 0.49 0.88 0.26
EV/Net Sales(x) 1.11 1.73 1.57 1.5 1.32 1.13 2.06 1.56 1.35 1.58 2.03
EV/Core EBITDA(x) 6.18 10.92 7.08 7.2 5.82 6.64 7.93 5.63 11.4 9.44 14.49
Net Sales Growth(%) 3.42 -21.57 33.84 29.37 17.83 -13.49 8.88 83.33 13.38 5.45 -3.53
EBIT Growth(%) 38.48 -81.21 684.81 27.61 32.88 -51.75 119.46 117.34 -63.83 71.1 -37.22
PAT Growth(%) 343.26 -129.16 788.8 76.98 23.08 -47.91 100.89 165.95 -80.23 116.79 -61.09
EPS Growth(%) 317.09 -119.11 1149.71 75.65 23.44 -47.24 95.49 162.31 -79.95 109.16 -60.24
Debt/Equity(x) 1.67 2.23 1.93 1.41 1.37 1.63 1.42 1.04 1.21 1.11 1.21
Current Ratio(x) 0.75 0.58 0.72 0.8 0.8 0.83 0.83 1.14 0.97 0.98 1.17
Quick Ratio(x) 0.31 0.25 0.33 0.37 0.45 0.52 0.5 0.55 0.5 0.4 0.59
Interest Cover(x) 1.73 0.31 2.36 3.07 3.85 1.71 4.04 6.99 1.82 2.65 1.6
Total Debt/Mcap(x) 1.73 1.36 0.96 0.57 0.67 1.68 0.57 0.4 0.47 0.42 0.37

JSW Steel Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 44.8 44.81 44.81 44.81 44.84 44.85 44.84 45.31 45.32 45.32
FII 26.13 26.32 26.05 25.51 25.65 25.58 25.77 25.42 25.55 25.37
DII 10.02 10 10.33 11.04 11.05 11.11 11.03 11.43 11.39 11.56
Public 19.06 18.87 18.81 18.64 18.46 18.47 18.36 17.84 17.75 17.75
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

JSW Steel News

JSW Steel Pros & Cons

Pros

Cons

  • Promoter holding is low: 45.32%.
  • Company has a low return on equity of 8% over the last 3 years.
  • Debtor days have increased from 56.09 to 56.23days.
  • Stock is trading at 3.5 times its book value.
  • The company has delivered a poor profit growth of -2% over past five years.
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