JSW Steel

₹891.5 -15.8 | 1.7%

WEBSITE BSE:500228 NSE : JSWSL 18 May, 12:50

Market Cap ₹218000 Cr.

Stock P/E 27.1

P/B 2.9

Current Price ₹891.5

Book Value ₹ 307.6

Face Value 1

52W High ₹914.9

Dividend Yield 0.82%

52W Low ₹ 681.3

Edit Ratio

JSW Steel Research see more...

Equity Research Report: JSW Steel

JSW Steel sinks after subdued Q4FY22 report card and export duty; what’s next?

Overview Inc. Year: 1994Industry: Steel & Iron Products

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 merchandise are available under JSW Radiance, JSW Colouron+, JSW Everglow and JSW Pragati+ manufacturers. Its alloy-based sheets are to be had underneath JSW Vishwas and JSW Vishwas+ brands. Its tinplate product is available underneath JSW Platina logo. Its TMT bars is to be had underneath JSW Neosteel logo. It operates over three iron and steel production plants across Vijayanagar (Karnataka), Dolvi (Maharashtra) and Salem (Tamil Nadu).

JSW Steel Share Price

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Peer Comparison

JSW Steel Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

JSW Steel Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Net Sales	35492	45298	46087	36707	52290	66464	77187	64262	70727	118820	131687
Other Income	261	331	613	772	5499	213	405	954	710	2361	1787
Total Income	35753	45629	46701	37479	57789	66677	77592	65216	71437	121181	133474
Total Expenditure	29183	36515	37362	30792	45990	52723	58675	52071	51509	87384	116531
Operating Profit	6570	9114	9338	6687	11799	13954	18917	13145	19928	33797	16943
Interest	1724	2740	2909	3219	3643	3591	3789	4022	3565	3849	5023
Depreciation	1974	2726	2785	2847	3025	3054	3421	3522	3781	4511	4952
Exceptional Income / Expenses	-367	-1692	-396	-5860	0	-234	0	-1309	-386	-722	0
Profit Before Tax	2504	1955	3249	-5239	5131	7075	11707	4292	12196	24715	6968
Provision for Tax	703	621	1082	-1710	1554	2450	3586	-999	3803	8013	2031
Profit After Tax	1801	1335	2166	-3530	3577	4625	8121	5291	8393	16702	4937
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1801	1335	2166	-3530	3577	4625	8121	5291	8393	16702	4937
Adjusted Earnings Per Share	7.9	5.4	8.8	-14.7	14.9	19.2	33.8	22	34.8	69.6	20.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	11%	27%	15%	14%
Operating Profit CAGR	-50%	9%	4%	10%
PAT CAGR	-70%	-2%	1%	11%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	29%	8%	26%	22%
ROE Average	8%	19%	20%	13%
ROCE Average	10%	18%	17%	13%

JSW Steel Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	19937	24284	25725	20410	24098	27907	34893	38362	46977	63501	63659
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	15434	21054	25497	30145	28358	29551	27666	39247	39551	41176	48346
Other Non-Current Liabilities	3684	2416	3259	674	2375	2888	8679	8839	9664	12059	11501
Total Current Liabilities	15560	20672	20411	21799	26128	25205	36187	35594	37040	46134	49335
Total Liabilities	54615	68426	74892	73028	80959	85551	107425	122042	133232	162870	172841
Fixed Assets	27639	37295	38569	46560	50266	49568	51772	50542	51942	71646	75056
Other Non-Current Assets	12654	16132	17043	13005	12895	16730	27255	42125	51587	43739	48641
Total Current Assets	14322	14999	19024	13464	17798	19253	28398	29375	29703	47485	49144
Total Assets	54615	68426	74892	73028	80959	85551	107425	122042	133232	162870	172841

JSW Steel Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	606	203	424	810	465	712	495	5366	3438	11121	7670
Cash Flow from Operating Activities	3925	5274	8466	5669	8561	12174	15578	14110	17557	23335	20444
Cash Flow from Investing Activities	-4451	-4738	-6275	-5033	-6284	-6134	-11432	-19092	-3759	-17652	-7361
Cash Flow from Financing Activities	124	-366	-1805	-982	-2030	-6301	725	3054	-6115	-9134	-7085
Net Cash Inflow / Outflow	-403	170	386	-345	247	-261	4871	-1928	7683	-3451	5998
Closing Cash & Cash Equivalent	203	424	810	465	712	451	5366	3438	11121	7670	13668

JSW Steel Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	7.95	5.41	8.85	-14.71	14.9	19.19	33.84	22.05	34.83	69.59	20.57
CEPS(Rs)	16.92	16.8	20.48	-2.84	27.51	31.86	48.09	36.72	50.51	88.39	41.2
DPS(Rs)	1	1.1	1.1	0.75	2.25	3.2	4.1	2	6.5	17.35	3.4
Book NAV/Share(Rs)	87.83	97.05	101.95	84.83	100.1	115.37	144.75	159.08	194.19	263.33	263.29
Core EBITDA Margin(%)	16.23	17.82	17.31	14.48	11.07	20.29	23.98	18.97	27.17	26.46	11.51
EBIT Margin(%)	10.88	9.53	12.22	-4.95	15.42	15.75	20.08	12.94	22.28	24.04	9.11
Pre Tax Margin(%)	6.44	3.97	6.45	-12.82	9.02	10.45	15.17	6.68	17.24	20.8	5.29
PAT Margin (%)	4.63	2.71	4.3	-8.64	6.29	6.83	10.52	8.23	11.87	14.06	3.75
Cash Profit Margin (%)	9.71	8.24	9.82	-1.67	11.6	11.34	14.95	13.71	17.21	17.85	7.51
ROA(%)	3.43	2.17	3.02	-4.77	4.65	5.56	8.42	4.61	6.58	11.28	2.94
ROE(%)	9.55	6.2	9.01	-15.69	16.12	17.85	25.97	14.51	19.75	30.37	7.81
ROCE(%)	11.7	10.51	11.72	-3.68	14.78	16.83	21.72	9.82	16.66	26.88	10.3
Receivable days	14.78	15.11	15.38	20.27	20.71	23.28	27.1	28.22	16.77	14.56	16.83
Inventory Days	46.85	40.71	53.53	68.46	51.34	52.15	49.41	58.04	52.42	48.72	56.19
Payable days	34.07	35.53	43.29	59.39	42.04	44.22	46.58	51.75	67.04	57.12	48.6
PER(x)	8.44	19.16	10.26	0	12.59	15.01	8.65	6.64	13.43	10.53	33.45
Price/Book(x)	0.76	1.07	0.89	1.51	1.87	2.5	2.02	0.92	2.41	2.78	2.61
Dividend Yield(%)	1.49	1.06	1.21	0.59	1.2	1.11	1.4	1.37	1.39	2.37	0.49
EV/Net Sales(x)	0.89	1.16	1.06	1.79	1.58	1.58	1.4	1.18	2.16	1.77	1.53
EV/Core EBITDA(x)	4.83	5.76	5.25	9.84	7	7.52	5.72	5.78	7.66	6.24	11.9
Net Sales Growth(%)	10.49	27.63	1.74	-20.35	42.45	27.11	16.13	-16.75	10.06	68	10.83
EBIT Growth(%)	28.88	11.04	31.14	-132.81	534.24	21.56	45.28	-46.35	89.57	81.23	-58.02
PAT Growth(%)	10.79	-25.91	62.34	-262.92	201.34	29.3	75.59	-34.85	58.63	99	-70.44
EPS Growth(%)	10.97	-31.99	63.67	-266.32	201.29	28.76	76.32	-34.85	57.97	99.83	-70.44
Debt/Equity(x)	0.9	1.12	1.1	1.75	1.6	1.3	1.26	1.37	1.1	0.8	0.87
Current Ratio(x)	0.92	0.73	0.93	0.62	0.68	0.76	0.78	0.83	0.8	1.03	1
Quick Ratio(x)	0.61	0.43	0.51	0.31	0.33	0.36	0.49	0.55	0.51	0.57	0.6
Interest Cover(x)	2.45	1.71	2.12	-0.63	2.41	2.97	4.09	2.07	4.42	7.42	2.39
Total Debt/Mcap(x)	1.2	1.09	1.28	1.15	0.85	0.52	0.62	1.48	0.46	0.28	0.33

JSW Steel Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	44.71	45.01	45.02	45.19	45.19	45.4	45.4	44.8	44.81	44.81
FII	11.21	11.58	10.61	10.75	26.03	26	25.98	26.13	26.32	26.05
DII	8.88	8.45	9.58	9.76	9.86	9.99	10.11	10.02	10	10.33
Public	35.19	34.96	34.79	34.3	18.92	18.6	18.5	19.06	18.87	18.81
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	108.08	108.81	108.81	109.24	109.24	109.75	109.75	109.54	109.58	109.57
FII	27.1	28	25.64	25.98	62.92	62.86	62.8	63.89	64.37	63.71
DII	21.48	20.42	23.16	23.59	23.83	24.16	24.45	24.51	24.45	25.26
Public	85.06	84.5	84.1	82.92	45.73	44.96	44.73	46.6	46.15	46
Others	0	0	0	0	0	0	0	0	0	0
Total	241.72	241.72	241.72	241.72	241.72	241.72	241.72	244.55	244.55	244.55

Pros

Debtor days have improved from 57.12 to 48.6days.

Cons

Promoter holding is low: 44.81%.
The company has delivered a poor profit growth of 1% over past five 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.

JSW Steel News

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JSW Steel

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JSW Steel Research see more...

Overview Inc. Year: 1994Industry: Steel & Iron Products

JSW Steel Share Price

Alert Data

Quarterly Price

Peer Comparison

JSW Steel Quarterly Results

JSW Steel Profit & Loss

Growth Rates

JSW Steel Balance Sheet

JSW Steel Cash Flow

JSW Steel Ratios

JSW Steel Shareholding Pattern

JSW Steel News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

IPO

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