JSW Steel Ltd
JSWSTEELJSW Steel Ltd
JSWSTEELPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
49.44 | 3.10 | 0.90% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
31.17 | 3.55 | 1.31% |
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
View olderÂPeers
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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PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
MaterialsIron & Steel
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
JSW Steel Ltd | 28.04 | 3.10 | 0.90% |
Tata Steel Ltd | -42.29 | 2.03 | 2.39% |
Jindal Steel And Power Ltd | 17.08 | 2.27 | 0.20% |
Bharat Forge Ltd | 66.63 | 8.84 | 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 Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3264% | Percentage of the fund’s portfolio invested in the stock 1.22% | Change in the portfolio weight of the stock over the last 3 months 1.22% | 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 21/61 (+38) |
HDFC Manufacturing Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1251% | Percentage of the fund’s portfolio invested in the stock 2.42% | Change in the portfolio weight of the stock over the last 3 months 0.69% | 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 8/104 (+8) |
SBI Flexicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1169% | 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 0.08% | 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 58/111 (+2) |
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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 0.90%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹9.02 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
The company received the demand order from Office of the Commissioner of GST and Central Excise, Belagavi Division, for Rs 64,47,20,900 for alleging non-payment of GST under RCM on upfront payments and monthly payments made to Government for assignment of mining rights for the period from July 2017 to July 2019 in Karnataka. The steel major stated that it has already discharged the appropriate tax liability under reverse charge along with applicable interest and the same were disclosed in the monthly returns prior to the issuance of the show cause notice. The company basis the judicial precedents available, believes that the penalty under Section 74(1) is not leviable. Accordingly, the aforesaid demand of penalty is proposed to be challenged in appeal. JSW Steel also added that there is no impact on the financials, operations or other activities of the company. 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 shed 0.76% to Rs 1,005.35 on the BSE. Powered by Capital Market - Live
Indian Operations rose 7% to 22.53 lakh tonnes in November 2024 as compared with 21.14 lakh tonnes in November 2023. The capacity utilization for Indian operations in the month of November 2024 stood at 94%. Ohio-based JSW Steel USA has reported steel production volume of 0.70 lakh tonnes for November 2024 as against 0.90 Lakh tonnes for November 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 rose 0.65% to Rs 1,019.25 on the BSE. Powered by Capital Market - Live
JSW Steel reported consolidated Crude Steel production for the month of November'24 at 23.23 lakh tonnes. Indian Operation production was higher by 7% YoY while consolidated Crude Steel production grew by 5% YoY. Capacity utilisation for November 24 at Indian Operations was stood at 94%. The break-up of production is as below: (lakh tonnes)  Particulars Nov'24 Nov'23  YoY  Indian Operations 22.53 21.4 7%  JSW Steel USA - Ohio 0.70 0.90   Consolidated Production 23.23 22.04 5% Powered by Capital Market - Live
This award is part of NTPC's stariff-based competitive bid for 1,500 MW of ISTS-connected solar projects (NTPC-ISTS-III). With this new addition, JSW Energy's total locked-in generation capacity has increased to 19.6 GW, of which 4.4 GW is dedicated to solar projects. JSW Energy aims for a 10 GW operational capacity by FY 2025, currently operating 7.7 GW across thermal, hydro, and renewable energy. The company also has 16.2 GWh of energy storage capacity through battery storage and hydro-pumped storage projects. The company aims to reach 20 GW of generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving carbon neutrality by 2050. JSW Energy is primarily engaged in the business of generation of power, with principal places located at Vijayanagar (Karnataka), Ratnagiri (Maharashtra), Nandyal (Andhra Pradesh), and Salboni (West Bengal). The company's consolidated net profit marginally increased to Rs 853.25 crore in Q2 FY25 as against Rs 850.16 crore posted in Q2 FY24. Net sales marginally declined to Rs 3,237.66 crore in Q2 FY25 from Rs 3,259.42 crore reported in Q2 FY24.Powered by Capital Market - Live
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
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 15.76%, vs industry avg of 9.86%
Increasing Market Share
Over the last 5 years, market share increased from 16.02% to 22.49%
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 4.95%