JSW Steel Ltd
JSWSTEELJSW Steel Ltd
JSWSTEELPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
47.03 | 2.94 | 0.95% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
31.14 | 3.51 | 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
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Compare with peersÂTata Steel Ltd
Jindal Steel And Power Ltd
Bharat Forge Ltd
Jindal Stainless Ltd
Lloyds Metals And Energy 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 | 26.67 | 2.94 | 0.95% |
Tata Steel Ltd | -41.78 | 2.01 | 2.42% |
Jindal Steel And Power Ltd | 15.68 | 2.08 | 0.22% |
Bharat Forge Ltd | 69.01 | 9.16 | 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 0.1366% | 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 0.94% | 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 10/94 (+4) |
SBI Flexicap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1310% | Percentage of the fund’s portfolio invested in the stock 1.31% | Change in the portfolio weight of the stock over the last 3 months 0.04% | 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 20/116 (+38) |
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 0.1038% | Percentage of the fund’s portfolio invested in the stock 3.47% | Change in the portfolio weight of the stock over the last 3 months -0.24% | 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 51/99 (-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 0.95%. 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
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 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
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
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
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
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
JSW Steel will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live
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
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 15.76%, vs industry avg of 9.87%
Increasing Market Share
Over the last 5 years, market share increased from 16.03% to 22.32%
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 4.85%