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JSW Steel Ltd

JSWSTEEL

JSW Steel Ltd

JSWSTEEL
MaterialsIron & Steel
LargecapWith a market cap of ₹2,35,036 cr, stock is ranked 37
Low RiskStock is 1.94x as volatile as Nifty
968.300.48% (+4.65)
968.300.48% (+4.65)

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MaterialsIron & Steel
LargecapWith a market cap of ₹2,35,036 cr, stock is ranked 37
Low RiskStock is 1.94x as volatile as Nifty

How to use scorecard? Learn more

MaterialsIron & Steel
LargecapWith a market cap of ₹2,35,036 cr, stock is ranked 37
Low RiskStock is 1.94x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
47.032.940.95%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
31.143.511.31%

Forecast & Ratings

Detailed Forecast 
61%
Analysts have suggested that investors can buy this stock

from 28 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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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Oct 25, 2024

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 15.76%, vs industry avg of 9.87%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 16.03% to 22.32%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 2.9%, vs industry avg of 4.85%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue41,726.6555,756.0072,142.0084,961.0073,872.0080,432.001,48,819.001,67,581.001,76,599.001,71,589.00
Raw Materialssubtract21,181.0229,749.0038,781.0043,796.0039,000.0032,856.0062,871.0095,970.0094,754.001,47,115.00
Power & Fuel Costsubtract3,657.884,883.005,697.007,053.006,272.005,985.0011,289.0017,452.0015,127.00
Employee Costsubtract1,518.671,700.001,843.002,489.002,839.002,506.003,493.003,915.004,591.00
Selling & Administrative Expensessubtract332.82323.00277.00602.00450.00404.00557.001,018.00894.00
Operating & Other expensessubtract10,580.186,775.0010,805.0011,895.0013,787.0018,030.0029,895.0029,195.0031,576.00
Depreciation/Amortizationsubtract3,322.563,430.003,387.004,041.004,246.004,679.006,001.007,474.008,172.008,729.00
Interest & Other Itemssubtract3,601.183,768.003,701.003,917.004,265.003,957.004,968.006,902.008,105.008,261.00
Taxes & Other Itemssubtract-2,132.231,605.001,437.003,529.00-1,017.004,104.009,080.001,511.004,568.002,486.00
EPS-1.1111.7020.6125.3513.3826.2568.5113.7329.0216.37
DPS0.752.253.204.102.006.5017.353.407.307.30
Payout ratio—0.190.160.160.150.250.250.250.250.45

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

Jun 20PDF
May 27PDF
Jan 21PDF
FY 2023

Annual report

PDF

Investor Presentation

Jun 1PDF
Feb 6PDF
Nov 14PDF
+3 more
FY 2025

Annual Report Pending

Investor Presentation

Oct 25PDF
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsIron & Steel

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
JSW Steel Ltd26.672.940.95%
Tata Steel Ltd-41.782.012.42%
Jindal Steel And Power Ltd15.682.080.22%
Bharat Forge Ltd69.019.160.18%

Price Comparison

Compare JSWSTEEL with any stock or ETF
Compare JSWSTEEL with any stock or ETF
JSWSTEEL
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding44.84%3.57%6.97%25.66%18.96%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep25.99%26.13%26.33%26.06%25.52%25.66%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HDFC Manufacturing Fund - Growth - Direct Plan

Growth
0.1366%2.42%0.94%10/94 (+4)
SBI Flexicap Fund - Growth - Direct Plan

Growth
0.1310%1.31%0.04%20/116 (+38)
ICICI Prudential Manufacturing Fund - Growth - Direct Plan

Growth
0.1038%3.47%-0.24%51/99 (-2)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have JSW Steel Ltd

Events

Dividend Trend

No Trend In Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

JSWSTEEL has shown inconsistent dividend trend over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.95%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹9.48 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 9, 2024

Final
Final | Div/Share: ₹7.30

Dividend/Share

₹7.30

Ex DateEx Date

Jul 9, 2024

Cash Dividend

Ex DateEx DateJul 11, 2023

Final
Final | Div/Share: ₹3.40

Dividend/Share

₹3.40

Ex DateEx Date

Jul 11, 2023

Cash Dividend

Ex DateEx DateJul 4, 2022

Final
Final | Div/Share: ₹17.35

Dividend/Share

₹17.35

Ex DateEx Date

Jul 4, 2022

Cash Dividend

Ex DateEx DateJul 5, 2021

Final
Final | Div/Share: ₹6.50

Dividend/Share

₹6.50

Ex DateEx Date

Jul 5, 2021

Cash Dividend

Ex DateEx DateJul 6, 2020

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Jul 6, 2020

News & Opinions
Corporate
JSW Steel signs MoU with POSCO Group

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

5 days agoCapital Market - Live
Earnings
JSW Steel consolidated net profit declines 84.09% in the September 2024 quarter

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

1 week agoCapital Market - Live
Spotlight
JSW Steel slides as Q2 PAT tanks 85% YoY to Rs 404 crore

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

1 week agoCapital Market - Live
Spotlight
JSW Steel & JFE Steel to jointly acquire 100% stake in thyssenkrupp Electrical for Rs 4,051.40 crore

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

2 weeks agoCapital Market - Live
Corporate
JSW Steel-JFE Steel Corporation, Japan JV to acquire tkES India

The Board of Directors of JSW Steel at its meeting held on October 18, 2024 has approved the acquisition of 100% equity interest in thyssenkrupp Electrical Steel India (tkES India), jointly with JFE Steel Corporation, Japan, through a 50:50 joint venture and the licensing / transfer of associated technology package relating to the operations of tkES India to the Company from thyssenkrupp group (together the Transaction). tkES India is in the business of manufacture and sale of grain-oriented electrical steel with its facility located in Nashik, Maharashtra.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
JSW Steel collaborates with BHP to deploy carbon capture technology in steel industry

JSW Steel and leading global resources company, BHP, are collaborating to accelerate deployment of carbon capture technology for steelmaking decarbonisation, following the signing of a joint study agreement between the parties. Under this agreement, the parties will commence joint studies to explore the feasibility of Carbon Clean's CycloneCC modular technology to capture up to 100,000 tonnes per year of CO2 emissions ' the largest scale CycloneCC deployment to date in steelmaking. Indian steel producers are collectively the world's second largest, with production potentially doubling by 2030 against 2023 figures, and will likely have a critical role in achieving India's target of net zero by 2070. With the increasing commissioning of blast furnaces in India with decades of life ahead of them, supporting longer term near zero decarbonisation routes is essential. Carbon capture, utilisation, and storage (CCUS) technology is anticipated to be a critical abatement to support a near zero CO2 emissions intensity for this process route, as well as potentially for other hard-to-abate industrial sectors. There are several challenges with the adoption of carbon capture technology in the steel industry, including capital expenditure and ongoing operating costs, as well as the integration of new equipment into an existing operations site with space limitations. The CycloneCC rotating packed bed (RPB) technology in combination with Carbon Clean's proprietary APBS-CDRMax solvent aims to address these challenges through reducing total installed cost and the unit footprint by up to 50 per cent, and equipment that is ten times smaller in size than conventional carbon capture technologies. This project is an important step towards supporting the scale-up of carbon capture, including understanding the potential performance, costs, and carbon abatement outcomes. It is anticipated that these joint studies will be completed during 2026, at which time the parties will consider installing CycloneCC at JSW Steel's Vijayanagar site in India's southern state of Karnataka. Utilisation ' the 'U' in CCUS ' is a key component of the project. If the project is successful, JSW Steel intends to liquefy captured CO2 so that it can be sold locally. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
JSW Steel reports consolidated crude steel production of 6.77 MT in Q2 FY25

JSW Steel reported consolidated Crude Steel production for the second quarter of FY 2024- 25 at 6.77 million tonnes. The Crude Steel production was higher by 6% YoY and 7% QoQ. JSW Steel recorded its highest ever quarterly Indian operation's Crude Steel production at 6.63 million tonnes, was higher by 7% YoY and 9% QoQ. Capacity utilisation at Indian Operations stood at 91% for Q2 FY25. US operations remained flattish YoY, however reported lower production QoQ due to maintenance shutdown. The break-up of production is as below: (Mnt)  Particulars  Q2FY25  Q1FY25 Q2FY24   QoQ YoY    Indian Operations 6.63  6.12  6.20  9%  7%    JSW Steel USA - Ohio  0.14 0.23   0.14       Consolidated Production   6.77 6.35  6.34   7% 7%    JSW Ispat Special Products Ltd (Merged from 31/7/23)   - -   0.07       Total Combined Volumes :   6.77 6.35  6.41  7%  6%            During the quarter the Company successfully commissioned the expansion of 1 MTPA at BPSL Odisha taking the overall crude steel capacity to 4.5 MTPA. Further, towards the end of the Q2 FY25 , JVML, a wholly owned subsidiary of the Company commissioned the 4.5 MTPA Blast Furnace at Vijayanagar. The Sinter Plant and Steel Melt Shop are under various stages of commissioning for progressive ramp up in Q4 of FY25. Once fully operational, the total crude steel capacity at Vijayanagar will increase to 17.5 MTPA, contributing to JSW Steel's overall Indian operations crude steel capacity rising from 29.2 MTPA to 34.2 MTPA. The production volume for the H1 FY25 is as below : (Mnt)  Particulars H1 FY25  H1 FY24   YoY   Indian Operations 12.75  12.38  3%    JSW Steel USA - Ohio  0.37 0.38      Consolidated Production 13.12  12.76  3%    JSW Ispat Special Products Ltd (Merged from 31/7/23)  - 0.26      Total Combined Volumes :   13.12 13.02  1%  Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
JSW Steel Ltd Spikes 1.87%

JSW Steel Ltd rose 1.87% today to trade at Rs 1046.9. The BSE Metal index is up 0.33% to quote at 34746.69. The index is up 8.98 % over last one month. Among the other constituents of the index, Jindal Steel & Power Ltd increased 1.33% and NMDC Ltd added 0.35% on the day. The BSE Metal index went up 53.95 % over last one year compared to the 27.94% surge in benchmark SENSEX. JSW Steel Ltd has added 12.45% over last one month compared to 8.98% gain in BSE Metal index and 1.08% rise in the SENSEX. On the BSE, 26159 shares were traded in the counter so far compared with average daily volumes of 87635 shares in the past one month. The stock hit a record high of Rs 1059.95 on 03 Oct 2024. The stock hit a 52-week low of Rs 723.15 on 01 Nov 2023.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
JSW Steel to declare Quarterly Result

JSW Steel will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
JSW Steel Ltd soars 1.13%, rises for third straight session

JSW Steel Ltd rose for a third straight session today. The stock is quoting at Rs 993.2, up 1.13% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 25955.35. The Sensex is at 84997.01, up 0.08%. JSW Steel Ltd has added around 3.08% in last one month. Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has added around 1.98% in last one month and is currently quoting at 9454.85, up 2.37% on the day. The volume in the stock stood at 44.99 lakh shares today, compared to the daily average of 21.6 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 993.1, up 1.04% on the day. JSW Steel Ltd is up 27.35% in last one year as compared to a 31.92% gain in NIFTY and a 43.3% gain in the Nifty Metal index.The PE of the stock is 31.74 based on TTM earnings ending June 24.Powered by Capital Market - Live

1 month agoCapital Market - Live