JSW Steel Ltd
JSWSTEELJSW Steel Ltd
JSWSTEELPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
48.56 | 3.04 | 0.92% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
31.00 | 3.52 | 1.32% |
Forecast & Ratings
Detailed Forecast from 28 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
JSW Steel Limited is a holding company engaged in the business of production and distribution of iron and steel products.
Investor Presentation
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Compare with peersÂTata Steel Ltd
Jindal Steel And Power Ltd
Bharat Forge Ltd
Jindal Stainless Ltd
Steel Authority of India Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Lakh cr.
All values in ₹ Lakh cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 41,726.65 | 55,756.00 | 72,142.00 | 84,961.00 | 73,872.00 | 80,432.00 | 1,48,819.00 | 1,67,581.00 | 1,76,599.00 | 1,71,589.00 | ||||||||||
Raw Materials | 21,181.02 | 29,749.00 | 38,781.00 | 43,796.00 | 39,000.00 | 32,856.00 | 62,871.00 | 95,970.00 | 94,754.00 | 1,47,115.00 | ||||||||||
Power & Fuel Cost | 3,657.88 | 4,883.00 | 5,697.00 | 7,053.00 | 6,272.00 | 5,985.00 | 11,289.00 | 17,452.00 | 15,127.00 | |||||||||||
Employee Cost | 1,518.67 | 1,700.00 | 1,843.00 | 2,489.00 | 2,839.00 | 2,506.00 | 3,493.00 | 3,915.00 | 4,591.00 | |||||||||||
Selling & Administrative Expenses | 332.82 | 323.00 | 277.00 | 602.00 | 450.00 | 404.00 | 557.00 | 1,018.00 | 894.00 | |||||||||||
Operating & Other expenses | 10,580.18 | 6,775.00 | 10,805.00 | 11,895.00 | 13,787.00 | 18,030.00 | 29,895.00 | 29,195.00 | 31,576.00 | |||||||||||
EBITDA | 4,456.08 | 12,326.00 | 14,739.00 | 19,126.00 | 11,524.00 | 20,651.00 | 40,714.00 | 20,031.00 | 29,657.00 | 24,474.00 | ||||||||||
Depreciation/Amortization | 3,322.56 | 3,430.00 | 3,387.00 | 4,041.00 | 4,246.00 | 4,679.00 | 6,001.00 | 7,474.00 | 8,172.00 | 8,729.00 | ||||||||||
PBIT | 1,133.52 | 8,896.00 | 11,352.00 | 15,085.00 | 7,278.00 | 15,972.00 | 34,713.00 | 12,557.00 | 21,485.00 | 15,745.00 | ||||||||||
Interest & Other Items | 3,601.18 | 3,768.00 | 3,701.00 | 3,917.00 | 4,265.00 | 3,957.00 | 4,968.00 | 6,902.00 | 8,105.00 | 8,261.00 | ||||||||||
PBT | -2,467.66 | 5,128.00 | 7,651.00 | 11,168.00 | 3,013.00 | 12,015.00 | 29,745.00 | 5,655.00 | 13,380.00 | 7,484.00 | ||||||||||
Taxes & Other Items | -2,132.23 | 1,605.00 | 1,437.00 | 3,529.00 | -1,017.00 | 4,104.00 | 9,080.00 | 1,511.00 | 4,568.00 | 2,486.00 | ||||||||||
Net Income | -335.43 | 3,523.00 | 6,214.00 | 7,639.00 | 4,030.00 | 7,911.00 | 20,665.00 | 4,144.00 | 8,812.00 | 4,998.00 | ||||||||||
EPS | -1.11 | 11.70 | 20.61 | 25.35 | 13.38 | 26.25 | 68.51 | 13.73 | 29.02 | 16.37 | ||||||||||
DPS | 0.75 | 2.25 | 3.20 | 4.10 | 2.00 | 6.50 | 17.35 | 3.40 | 7.30 | 7.30 | ||||||||||
Payout ratio | — | 0.19 | 0.16 | 0.16 | 0.15 | 0.25 | 0.25 | 0.25 | 0.25 | 0.45 |
Company Updates
Annual report
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PDFInvestor Presentation
Peers & Comparison
MaterialsIron & Steel
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
JSW Steel Ltd | 27.54 | 3.04 | 0.92% |
Tata Steel Ltd | -41.03 | 1.97 | 2.47% |
Jindal Steel And Power Ltd | 15.94 | 2.12 | 0.21% |
Bharat Forge Ltd | 67.45 | 8.95 | 0.18% |
Price Comparison
Compare JSWSTEEL with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding JSW Steel Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
HDFC Manufacturing Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1271% | Percentage of the fund’s portfolio invested in the stock 2.41% | Change in the portfolio weight of the stock over the last 3 months 0.93% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 9/101 (+13) |
SBI Flexicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1187% | Percentage of the fund’s portfolio invested in the stock 1.30% | Change in the portfolio weight of the stock over the last 3 months 0.09% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 59/113 (+2) |
ICICI Prudential Manufacturing Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0941% | Percentage of the fund’s portfolio invested in the stock 3.40% | Change in the portfolio weight of the stock over the last 3 months 0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 7/103 (+44) |
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Events
Dividend Trend
No Trend In Dividends
JSWSTEEL has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 0.92%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹9.18 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 9, 2024
Dividend/Share
₹7.30
Ex DateEx Date
Jul 9, 2024
Cash Dividend
Ex DateEx DateJul 11, 2023
Dividend/Share
₹3.40
Ex DateEx Date
Jul 11, 2023
Cash Dividend
Ex DateEx DateJul 4, 2022
Dividend/Share
₹17.35
Ex DateEx Date
Jul 4, 2022
Cash Dividend
Ex DateEx DateJul 5, 2021
Dividend/Share
₹6.50
Ex DateEx Date
Jul 5, 2021
Cash Dividend
Ex DateEx DateJul 6, 2020
Dividend/Share
₹2.00
Ex DateEx Date
Jul 6, 2020
JSW Steel Ltd rose 2.38% today to trade at Rs 1012.7. The BSE Metal index is up 1.2% to quote at 31298.57. The index is down 0.62 % over last one month. Among the other constituents of the index, APL Apollo Tubes Ltd increased 2.07% and Jindal Stainless Ltd added 1.81% on the day. The BSE Metal index went up 26.7 % over last one year compared to the 16.75% surge in benchmark SENSEX. JSW Steel Ltd has added 4.66% over last one month compared to 0.62% fall in BSE Metal index and 0.85% rise in the SENSEX. On the BSE, 3794 shares were traded in the counter so far compared with average daily volumes of 56254 shares in the past one month. The stock hit a record high of Rs 1063.35 on 04 Oct 2024. The stock hit a 52-week low of Rs 762 on 14 Mar 2024.Powered by Capital Market - Live
The business deal complies with the memorandum of understanding (MoU) signed on 1 March 2024, between JSW Steel Italy SrL and the Ministry of Industries and Made in Italy (MIMIT), which outlined the process for transferring rights over the northern portion of the property. According to the terms of the agreement, Metinvest must pay JSW Steel Italy Piombino SpA. a release fee of Euro 30 million as full payment for the deal. The performance and transfer of rights to Metinvest are subject to Metinvest complying with certain procedures with the Government and Institutions within a specific timeframe. Above commercial agreement is furtherance of the MoU and will lead towards realisation and execution of the Accordo Di Programma (AdP or The Program Agreement). As per the MoU, JSW and MIMIT have identified various areas of cooperation between JSW and the Government Institutions for the implementation of the Rail Mill Modernisation Project which includes revamping of the rolling mills, setting up hardening facility and increasing the length of the rails being produced to upto 120 meters. The cooperations with MIMIT and government institutions are aimed at the revival of the industrial site of Piombino as a steel hub. Meanwhile, in a separate filing, the company informed that it has been declared as the preferred bidder by the Office of the Director, Directorate of Mines & Geology, Government of Goa, for Codli Mineral Block XII at Dharbandora in Goa. The company is declared as 'preferred bidder' with highest final offer price at 92.60% of the value of mineral dispatched, it said. The projected iron ore resources are 48.5 million tonnes in addition to 2.7 million tonnes of ore in dumps, JSW Steel said. The firm will take all requisite steps to obtain letter of intent and statutory clearances to execute the lease deed with Mine Development and Production Agreement (MDPA) and start the mining operations. JSW Steel, the flagship business of the diversified JSW Group, is India's leading integrated steel company. The company's net profit slumped 85.43% to Rs 404 crore on 10.90% decline in total revenue to Rs 39,684 crore in Q2 FY25 over Q2 FY24. Shares of JSW Steel shed 0.81% to Rs 940 on the BSE.Powered by Capital Market - Live
JSW Steel Italy SrL, a subsidiary of JSW Steel today signed a Commercial Agreement with Metinvest Adria S.p.A. The Commercial Agreement is in line with the MoU dated 01 March 2024 signed between JSW Steel Italy SrL and The Ministry of Industries and Made in Italy(MIMIT) wherein the mechanism for the transfer of rights relating to the northern area of the property was defined. As per the Agreement, Metinvest is obliged to pay a release fee of Euro 30 Mn. to JSW Steel Italy Piombino SpA. as all inclusive consideration for the transaction. The performance and transfer of rights to Metinvest are subject to Metinvest complying with certain procedures with the Government and Institutions within a specific timeframe. Above commercial agreement is furtherance of the MoU and will lead towards realisation and execution of the Accordo Di Programma(AdP or The Program Agreement). As per the MoU, JSW and MIMIT have identified various areas of cooperation between JSW and the Government Institutions for the implementation of the Rail Mill Modernisation Project which includes Revamping of the Rolling Mills, Setting up Hardening Facility and Increasing the length of the Rails being produced to upto 120 meters. The cooperations with MIMIT and Government Institutions are aimed at revival of Industrial Site of Piombino as Steel Hub.Powered by Capital Market - Live
In March 2023, JSW Steel had been declared as a 'Preferred Bidder' in respect of the auction of Banai & Bhalumuda Coal Block in Mand-Raigarh, upon acquisition and detailed feasibility study, this mine was not found suitable from a techno-commercial perspective for JSW Steel and hence the company decided not to go ahead with the investment to develop the Coal Block. Subsequently, the Coal Block Development and Production Agreement entered into by the company in respect of the said Block has been terminated by the Nomination Authority, Ministry of Coal, vide Order dated 07 November 2024.Powered by Capital Market - Live
JSW Steel reported consolidated Crude Steel production for the month of October'24 at 22.81 Lakh tonnes. The total Crude Steel production was lower by 1% YoY. Capacity utilisation for the month at Indian Operations was affected by a temporary maintenance activity at one of the Blast furnaces at Dolvi, and stood at 89%. The blast furnace has since resumed full operations. The break-up of production is as below: (Lakh Tonnes)  Particulars  Oct'24 Oct'23 YoY  Indian Operations 21.99 22.36 -2%  JSW Steel USA - Ohio 0.82 0.76   Consolidated production 22.81 23.12 -1% Powered by Capital Market - Live
Indian Operations fell 2% to 21.99 lakh tonnes in October 2024 as compared with 22.36 lakh tonnes in October 2023. Capacity utilisation for the month at Indian Operations was affected by a temporary maintenance activity at one of the blast furnaces at Dolvi, and stood at 89% Ohio-based JSW Steel USA has reported steel production volume of 0.82 lakh tonnes for October 2024 as against 0.76 Lakh tonnes for October 2023. JSW Steel, the flagship business of the diversified JSW Group, is India's leading integrated steel company. The company's net profit slumped 85.43% to Rs 404 crore on 10.90% decline in total revenue to Rs 39,684 crore in Q2 FY25 over Q2 FY24. The scrip rallied 4.73% to Rs 1000 on the BSE.Powered by Capital Market - Live
JSW Group (JSW), one of India's fastest-growing conglomerates, has signed a Memorandum of Understanding (MoU) with Korea's POSCO Group (POSCO), outlining a framework for collaboration in steel , battery materials, and renewable energy sectors in India.Powered by Capital Market - Live
Net profit of JSW Steel declined 84.09% to Rs 439.00 crore in the quarter ended September 2024 as against Rs 2760.00 crore during the previous quarter ended September 2023. Sales declined 10.79% to Rs 39104.00 crore in the quarter ended September 2024 as against Rs 43834.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales39104.0043834.00 -11 OPM %13.7517.94 - PBDT3398.006015.00 -44 PBT1131.003996.00 -72 NP439.002760.00 -84 Powered by Capital Market - Live
Profit before exceptional items and tax stood at Rs 1,131 crore in second quarter of FY25, down 71.69% from Rs 3,996 crore recorded in Q2 FY24. During the quarter, company registered operating EBITDA of 5,437 crore, with an EBITDA margin of 13.7%. The EBITDA reduced by 1% QoQ as a sharp fall in steel realisations was largely offset by lower costs. Consolidated crude steel production for the quarter stood at 6.77 million tonnes, higher by 7% YoY and QoQ. Capacity utilization at the Indian operations improved to 91% during the quarter, post completion of planned maintenance shutdowns at Dolvi and BPSL in the last quarter. Steel sales for the quarter stood at 6.13 million, lower by 3% YoY and flatish QoQ. Domestic sales at 5.57 million tonnes were higher by 5% QoQ and by 1% YoY. Sales volumes to the institutional segment increased by 12% YoY. However, sales to Retail segment fell by 14% due to elevated imports. Exports at 0.39 million tonnes, lower by 43% YoY and 34% QoQ due to elevated Chinese exports adversely affecting global markets. Exports constituted 7% of sales from the Indian operations for Q2 FY25 as against 10% of sales in Q1 FY25. The company's net gearing (net debt to equity) stood at 1.04x at the end of the quarter (as against 0.97x at the end of Q1 FY25), and net debt to EBITDA stood at 3.51x (as against 3x at the end of Q1 FY25). On half year basis, the company's net profit declined 75.56% to Rs 1,271 crore on 4.80% fell in total revenue to Rs 82,627 crore in H1 FY25 over H1 FY24. Meanwhile, on August 3, 2024, the company announced the surrender of the Jajang Iron Ore mine located in the Keonjhar district of Odisha due to operations being economically unviable. Further, on October 9, the Indian Bureau of Mines approved the final mine closure plan. Following this approval, the company submitted an application for the surrender of the mining block. The company has recognized a net provision of Rs 342 crore related to the underlying carrying value of the assets, including inventory and site restoration liability, which has been disclosed as an exceptional item in Q2 FY24. JSW Steel, the flagship business of the diversified JSW Group, is India's leading integrated steel company.Powered by Capital Market - Live
The Mumbai-based steel maker has also entered into other agreements including for licensing/transfer of associated technology package from thyssenkrupp group. The total purchase consideration for the transaction is Rs 4,051.40 crore, subject to closing adjustments. Jsquare Electrical Steel Nashik is a wholly owned subsidiary of JSW JFE Electrical Steel (J2ES), which is a 50:50 joint venture between JSW Steel and JFE Steel Corporation (JFE). tkES India is one of the first manufacturers of grain-oriented electrical steel (GOES) in India with its facility located in Nashik, Maharashtra. The acquisition provides the Company with access to cutting-edge technology thereby aligning with its strategy of enhancing its value-added portfolio. In February 2024, JFE Steel and JSW established JSW JFE Electrical Steel for the production of GOES, with the aim of establishing an integrated manufacturing system for GOES in India. J2ES is expected to commence full production in 2027. Through this acquisition, JSW and JFE shall achieve instant market access and can promptly establish an integrated system from manufacturing to sales of GOES in India. Jayant Acharya, joint managing director & CEO, JSW Steel said: 'The market for GOES is growing rapidly. This acquisition will enable the consortium of JSW and JFE to manufacture this product in India and supply it to customers in India and globally, thereby also enabling import substitution and hence taking another step towards a self-reliant India.' JSW Steel, the flagship business of the diversified JSW Group, is India's leading integrated steel company. The company had reported 64.29% decline in consolidated net profit to Rs 867 crore in Q1 FY25 as compared with Rs 2,428 crore posted in same quarter last year. Revenue from operations rose 1.73% year on year (YoY) to Rs 42,943 crore in the quarter ended June 2024. The scrip had gained 1.25% to end at Rs 992.40 on the BSE on Friday. Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 15.76%, vs industry avg of 9.83%
Increasing Market Share
Over the last 5 years, market share increased from 16.02% to 22.33%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 2.9%, vs industry avg of 4.81%