JSW Steel Ltd.

•

jsw.inBSE: 500228NSE: JSWSTEEL

Market Cap₹ 3,19,865 Cr.

Current Price

High / Low₹ 1,351 / 1,073

Stock P/E44.6

Book Value₹ 360

Price to Book3.21

Dividend Yield0.54 %

ROCE10.3 %

ROE7.9 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Steel: 97.0% • other: 3.0%

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Latest quarter profit grew 29.8% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.84x)
Working capital cycle has improved - days down from 8 to 6
Company has a consistent dividend-paying track record
Company generates healthy free cash flow

CONS

Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 9.1% over last 3 years
Company has a low return on capital employed of 11.3%
Company has delivered a poor profit growth of -4.9% over past five years
Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel & Iron Products

Part ofNIFTY 50 NIFTYLARGEMIDCAP250 NIFTY100 EQL WGT NIFTY TOTAL MKT NIFTY ALPHALOWVOL

S.No.	Name
1.	JSWSTEEL	1308.00	12.91	319865.38	0.54	4696.00	112.58	47364.00	11.55	20.67	19.60
2.	TATASTEEL	185.95	21.04	232129.86	2.15	2385.24	18.82	60794.29	15.26	12.70	15.40
3.	SAIL	184.00	17.79	76001.67	1.28	1644.05	120.80	26245.67	1.25	7.08	15.92
4.	WELCORP	2775.65	31.71	73219.05	0.18	1047.88	200.11	4081.12	14.91	23.94	32.17
5.	JSL	762.35	19.35	62849.63	0.52	768.66	7.56	11278.54	10.50	19.19	12.09
6.	APLAPOLLO	2198.00	49.66	61029.32	0.39	263.11	10.94	5606.71	12.07	31.83	7.34
7.	SHYAMMETL	1086.30	27.00	30322.09	0.41	3507.30	1106.63	54550.90	1133.35	13.88	14.03
8.	JINDALSAW	317.60	31.08	20310.78	0.63	90.79	-78.15	4452.31	9.00	10.38	8.79
9.	RATNAMANI	2808.00	45.47	19681.83	0.36	107.03	-15.82	971.63	-15.63	18.01	16.69
10.	SARDAEN	537.05	16.75	18924.64	0.37	478.13	9.50	1608.04	-1.07	17.76	41.59
11.	GPIL	252.40	21.07	16992.55	0.40	222.37	2.75	1750.47	32.29	20.20	19.36
12.	USHAMART	495.50	29.78	15099.97	0.76	142.04	40.90	1033.00	16.44	20.17	20.62

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	32,521	33,286	32,892	34,910	32,223	30,300	31,312	31,843	30,727	32,074	31,217	34,783	35,539
	27,930	26,840	27,531	30,899	28,379	26,137	27,402	27,403	26,028	27,952	28,006	30,670	32,129
Operating Profit	4,591	6,446	5,361	4,011	3,844	4,163	3,910	4,440	4,699	4,122	3,211	4,113	3,410
OPM %	14.12%	19.37%	16.30%	11.49%	11.93%	13.74%	12.49%	13.94%	15.29%	12.85%	10.29%	11.82%	9.60%
	438	630	386	211	396	97	349	-281	497	445	23	288	382
Interest	1,457	1,531	1,551	1,569	1,590	1,668	1,633	1,595	1,601	1,776	1,609	1,531	1,657
Depreciation	1,265	1,359	1,351	1,460	1,460	1,488	1,475	1,490	1,556	1,560	1,506	1,498	1,540
Profit before Tax	2,577	4,638	3,263	1,624	1,621	1,582	1,638	1,702	2,925	2,016	1,029	2,837	3,792
Tax %	33.84%	37.19%	25.96%	37.99%	25.66%	17.89%	21.49%	-20.27%	25.54%	25.94%	26.43%	26.19%	25.47%
Net Profit	1,705	2,913	2,416	1,007	1,205	1,299	1,286	2,047	2,178	1,493	757	2,094	2,826
	7.09	12.02	9.92	4.13	4.95	5.33	5.27	8.39	8.93	6.12	3.10	8.58	11.58

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	52,290	66,464	77,187	64,262	70,727	1,18,820	1,31,687	1,35,180	1,27,702	1,32,847	1,33,613
	45,990	52,723	58,675	52,071	51,509	87,384	1,16,531	1,13,200	1,09,321	1,12,656	1,18,757
Operating Profit	6,300	13,741	18,512	12,191	19,218	31,436	15,156	21,980	18,381	20,191	14,856
OPM %	12.05%	20.67%	23.98%	18.97%	27.17%	26.46%	11.51%	16.26%	14.39%	15.20%	11.12%
	5,499	-21	405	-355	324	1,639	1,787	1,665	561	1,253	1,138
Interest	3,643	3,591	3,789	4,022	3,565	3,849	5,023	6,108	6,486	6,517	6,573
Depreciation	3,025	3,054	3,421	3,522	3,781	4,511	4,952	5,435	5,913	6,120	6,104
Profit before Tax	5,131	7,075	11,707	4,292	12,196	24,715	6,968	12,102	6,543	8,807	9,674
Tax %	30.29%	34.63%	30.63%	-23.28%	31.18%	32.42%	29.15%	33.56%	10.79%	25.95%	25.88%
Net Profit	3,577	4,625	8,121	5,291	8,393	16,702	4,937	8,041	5,837	6,522	7,170
EPS	14.80	19.14	33.60	21.89	34.72	69.10	20.42	32.95	23.92	26.73	—
Dividend Payout %	15.10%	16.67%	12.12%	9.07%	18.66%	24.93%	16.53%	22.15%	11.70%	26.56%	—

COMPOUNDED SALES GROWTH

10 Years:: 14%
5 Years:: 13%
3 Years:: 0%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: -5%
3 Years:: 10%

STOCK PRICE CAGR

10 Years:: 22%
5 Years:: 13%
3 Years:: 16%
1 Year:: 15%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 13%
3 Years:: 9%
Last Year:: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	240	241	240	240	241	240	240	244	244	244
	23,784	27,564	34,501	37,939	46,558	62,959	62,949	74,531	79,121	85,087
	36,550	34,736	41,971	55,791	53,633	48,526	55,520	55,762	62,732	65,652
Trade Payables	11,604	13,988	13,128	13,354	12,150	24,328	30,705	27,202	23,488	26,324
	8,781	9,022	17,585	14,718	20,650	26,817	23,427	27,699	26,676	25,904
Total Liabilities	80,959	85,551	1,07,425	1,22,042	1,33,232	1,62,870	1,72,841	1,85,438	1,92,261	2,03,211
	50,266	49,568	51,772	50,542	51,942	71,646	75,056	79,586	78,509	79,969
Capital Work in Progress	2,745	3,071	10,099	23,810	28,914	12,459	10,271	10,504	10,538	13,878
	5,050	4,878	5,397	5,999	12,458	18,028	24,320	30,141	39,339	34,971
	9,270	10,082	10,815	9,623	10,692	21,028	19,517	23,234	19,819	21,903
	0	0	0	0	0	0	0	6,498	5,672	7,300
Cash & Bank	1,027	601	5,813	11,401	11,746	15,527	18,716	8,129	10,261	7,635
	12,601	17,351	23,529	20,667	17,480	24,182	24,961	27,346	28,123	37,555
Total Assets	80,959	85,551	1,07,425	1,22,042	1,33,232	1,62,870	1,72,841	1,85,438	1,92,261	2,03,211

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	8,584	13,381	18,043	15,096	19,217	27,987	20,910	5,449	16,891	15,143
Cash from Investing	-6,284	-6,134	-11,432	-19,092	-3,759	-17,652	-7,361	-8,729	-9,979	-8,786
Cash from Financing	-2,030	-6,301	725	3,054	-6,115	-9,134	-7,085	-5,477	-2,270	-9,286
	247	-261	4,871	-1,928	7,683	-3,451	5,998	-8,757	4,642	-2,929

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
44.81	44.84	44.85	44.84	45.31	45.32	45.32	45.32	44.29
25.51	25.65	25.58	25.77	25.41	25.55	25.37	25.37	25.91
10.53	10.53	10.59	10.52	10.93	10.87	11.06	11.16	11.49
0.51	0.51	0.51	0.51	0.51	0.51	0.51	0.51	0.51
18.64	18.46	18.47	18.36	17.84	17.75	17.75	17.64	17.81

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-08 - JSW Steel Limited has informed the Exchange about Schedule of meet

2026-09-05

Press Release

2026-09-05 - JSW Steel Limited has informed the Exchange regarding a press release dated September 05, 2026, titled "JSW Steel reports Consolidated Crude Steel Production of 24.65 Lakh Tonnes for August 26".

2026-09-03

Credit Rating

2026-09-03 - JSW Steel Limited has informed the Exchange about Credit Rating

2026-09-01

Copy of Newspaper Publication

2026-09-01 - JSW Steel Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-31

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-31 - JSW Steel Limited has informed the Exchange about Schedule of meet

2026-08-21

Shareholders meeting

2026-08-21 - JSW Steel Limited has submitted the Exchange a copy Srutinizers report of Court Convened General Meeting held on August 21, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-21

Shareholders meeting

2026-08-21 - JSW Steel Limited has informed the Exchange regarding Proceedings of Court Convened General Meeting held on August 21, 2026

2026-08-12

Investor Presentation

2026-08-12 - JSW Steel Limited has informed the Exchange about Investor Presentation

2026-08-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-11 - JSW Steel Limited has informed the Exchange about Schedule of meet

News

Recent coverage and analyst commentary for JSWSTEEL

Loading news…

🤖

AI Stock Analyst

JSW Steel Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

JSWSTEEL

1308.00

12.91

319865.38

0.54

4696.00

112.58

47364.00

11.55

20.67

19.60

TATASTEEL

185.95

21.04

232129.86

2.15

2385.24

18.82

60794.29

15.26

12.70

15.40

SAIL

184.00

17.79

76001.67

1.28

1644.05

120.80

26245.67

1.25

7.08

15.92

WELCORP

2775.65

31.71

73219.05

0.18

1047.88

200.11

4081.12

14.91

23.94

32.17

JSL

762.35

19.35

62849.63

0.52

768.66

7.56

11278.54

10.50

19.19

12.09

APLAPOLLO

2198.00

49.66

61029.32

0.39

263.11

10.94

5606.71

12.07

31.83

7.34

SHYAMMETL

1086.30

27.00

30322.09

0.41

3507.30

1106.63

54550.90

1133.35

13.88

14.03

JINDALSAW

317.60

31.08

20310.78

0.63

90.79

-78.15

4452.31

9.00

10.38

8.79

RATNAMANI

2808.00

45.47

19681.83

0.36

107.03

-15.82

971.63

-15.63

18.01

16.69

SARDAEN

537.05

16.75

18924.64

0.37

478.13

9.50

1608.04

-1.07

17.76

41.59

GPIL

252.40

21.07

16992.55

0.40

222.37

2.75

1750.47

32.29

20.20

19.36

USHAMART

495.50

29.78

15099.97

0.76

142.04

40.90

1033.00

16.44

20.17

20.62

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

32,521

33,286

32,892

34,910

32,223

30,300

31,312

31,843

30,727

32,074

31,217

34,783

35,539

27,930

26,840

27,531

30,899

28,379

26,137

27,402

27,403

26,028

27,952

28,006

30,670

32,129

Operating Profit

4,591

6,446

5,361

4,011

3,844

4,163

3,910

4,440

4,699

4,122

3,211

4,113

3,410

OPM %

14.12%

19.37%

16.30%

11.49%

11.93%

13.74%

12.49%

13.94%

15.29%

12.85%

10.29%

11.82%

9.60%

438

630

386

211

396

349

-281

497

445

288

382

Interest

1,457

1,531

1,551

1,569

1,590

1,668

1,633

1,595

1,601

1,776

1,609

1,531

1,657

Depreciation

1,265

1,359

1,351

1,460

1,488

1,475

1,490

1,556

1,560

1,506

1,498

1,540

Profit before Tax

2,577

4,638

3,263

1,624

1,621

1,582

1,638

1,702

2,925

2,016

1,029

2,837

3,792

Tax %

33.84%

37.19%

25.96%

37.99%

25.66%

17.89%

21.49%

-20.27%

25.54%

25.94%

26.43%

26.19%

25.47%

Net Profit

1,705

2,913

2,416

1,007

1,205

1,299

1,286

2,047

2,178

1,493

757

2,094

2,826

7.09

12.02

9.92

4.13

4.95

5.33

5.27

8.39

8.93

6.12

3.10

8.58

11.58

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

52,290

66,464

77,187

64,262

70,727

1,18,820

1,31,687

1,35,180

1,27,702

1,32,847

1,33,613

45,990

52,723

58,675

52,071

51,509

87,384

1,16,531

1,13,200

1,09,321

1,12,656

1,18,757

Operating Profit

6,300

13,741

18,512

12,191

19,218

31,436

15,156

21,980

18,381

20,191

14,856

OPM %

12.05%

20.67%

23.98%

18.97%

27.17%

26.46%

11.51%

16.26%

14.39%

15.20%

11.12%

5,499

-21

405

-355

324

1,639

1,787

1,665

561

1,253

1,138

Interest

3,643

3,591

3,789

4,022

3,565

3,849

5,023

6,108

6,486

6,517

6,573

Depreciation

3,025

3,054

3,421

3,522

3,781

4,511

4,952

5,435

5,913

6,120

6,104

Profit before Tax

5,131

7,075

11,707

4,292

12,196

24,715

6,968

12,102

6,543

8,807

9,674

Tax %

30.29%

34.63%

30.63%

-23.28%

31.18%

32.42%

29.15%

33.56%

10.79%

25.95%

25.88%

Net Profit

3,577

4,625

8,121

5,291

8,393

16,702

4,937

8,041

5,837

6,522

7,170

EPS

14.80

19.14

33.60

21.89

34.72

69.10

20.42

32.95

23.92

26.73

—

Dividend Payout %

15.10%

16.67%

12.12%

9.07%

18.66%

24.93%

16.53%

22.15%

11.70%

26.56%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

240

241

240

241

240

244

23,784

27,564

34,501

37,939

46,558

62,959

62,949

74,531

79,121

85,087

36,550

34,736

41,971

55,791

53,633

48,526

55,520

55,762

62,732

65,652

Trade Payables

11,604

13,988

13,128

13,354

12,150

24,328

30,705

27,202

23,488

26,324

8,781

9,022

17,585

14,718

20,650

26,817

23,427

27,699

26,676

25,904

Total Liabilities

80,959

85,551

1,07,425

1,22,042

1,33,232

1,62,870

1,72,841

1,85,438

1,92,261

2,03,211

50,266

49,568

51,772

50,542

51,942

71,646

75,056

79,586

78,509

79,969

Capital Work in Progress

2,745

3,071

10,099

23,810

28,914

12,459

10,271

10,504

10,538

13,878

5,050

4,878

5,397

5,999

12,458

18,028

24,320

30,141

39,339

34,971

9,270

10,082

10,815

9,623

10,692

21,028

19,517

23,234

19,819

21,903

6,498

5,672

7,300

Cash & Bank

1,027

601

5,813

11,401

11,746

15,527

18,716

8,129

10,261

7,635

12,601

17,351

23,529

20,667

17,480

24,182

24,961

27,346

28,123

37,555

Total Assets

80,959

85,551

1,07,425

1,22,042

1,33,232

1,62,870

1,72,841

1,85,438

1,92,261

2,03,211

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

8,584

13,381

18,043

15,096

19,217

27,987

20,910

5,449

16,891

15,143

Cash from Investing

-6,284

-6,134

-11,432

-19,092

-3,759

-17,652

-7,361

-8,729

-9,979

-8,786

Cash from Financing

-2,030

-6,301

725

3,054

-6,115

-9,134

-7,085

-5,477

-2,270

-9,286

247

-261

4,871

-1,928

7,683

-3,451

5,998

-8,757

4,642

-2,929

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

44.81

44.84

44.85

44.84

45.31

45.32

44.29

25.51

25.65

25.58

25.77

25.41

25.55

25.37

25.91

10.53

10.59

10.52

10.93

10.87

11.06

11.16

11.49

0.51

18.64

18.46

18.47

18.36

17.84

17.75

17.64

17.81

JSW Steel Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

JSW Steel Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI