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JSW Steel Ltd.
JSWSTEELLarge CapNSEBSE
Metals & Mining · Metals & Mining
₹1,323.90down 13.60down 1.02 percentas of 28 Aug 2026
Book value ₹406.10Div yield 0.54%
Key metrics
- Market Cap
- 3,22,665.43 ₹ cr
- P/E
- 14.63 x
- P/B
- 3.26 x
- ROE
- 13.28%
- ROCE
- 15.92%
- Debt to Equity
- 0.32 x
- Net Margin
- 11.77%
- Dividend Yield
- 0.54%
- Revenue Growth (YoY)
- 9.77%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE above 20% in 1 of the last 3 financial years (2023-2024, 2024-2025, 2025-2026).
- Revenue declined year-on-year in 1 of the last 3 years.
- Net margin declined year-on-year in 1 of the last 3 years.
- Promoter holding 44.3% (pledge data not available).
- Debt-to-equity 0.32 — below the Metals & Mining median of 0.35.
JSWSTEEL
₹1,323.90down 1.02 percent
EOD Synced: 28 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatHigh ROCE Compounder
20.32%ROCE
ROE: 22.30%·P/B: 3.26x
2. Forensic Health & SolvencyPiotroski 8/9 · Strong Health
8/9Piotroski Score
Altman: 3.6 (Safe Zone)
3. Valuation & DCF Spread-28.2% Valuation Premium
₹950DCF Fair Value
CMP: ₹1,323.9
4. Ownership & GovernanceClean Promoter Holding
44.29%Promoter Stake
Pledged: 0.0%·Inst: 31.80%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #12 of 26 in Metals & MiningQVGM 62/100
Quality (Q)57
ROE, ROCE, Margins & Cash Conversion
Value (V)65
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)57
3Y Sales & EPS Compounded Growth
Momentum (M)70
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #12 of 26 in Metals & Mining
Valuation
Moderate65/100
P/E Ratio:14.63x
P/B Ratio:3.26x
Dividend Yield:0.54%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Moderate57/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Moderate57/100
ROE:22.3%
ROCE:20.3%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Strong89/100
Piotroski F-Score:8/9
Altman Z-Score:3.56
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Strong70/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹1,035.50
From 52W High-1.28%
52-Week High₹1,341.00
Valuation MultiplesCash Flow & Yield
PEG Ratio0.58
Earnings Yield13.54%
Price / FCF—
FCF Yield-0.07%
Payout Ratio3.96%
Net-Net Ratio-1.30
Solvency & SafetyPiotroski & Altman
Piotroski F-Score8/9
Altman Z-Score3.56
Graham Number₹1,279.90
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▲ +0.54%
DII Stake:▲ +0.56%
OPM Margin:▲ +13.85%
Net Margin:▲ +9.96%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▼ 7.46% | ▲ +9.77% | 9.86% | 3.77% | 18.36% |
| Net Profit Growth | ▼ 71.59% | ▲ +112.96% | 536.87% | 75.28% | 23.05% |
| EPS Growth | ▲ +370.79% | ▲ +112.99% | 85.25% | 25.31% | -2.07% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — JSWSTEEL
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹1,090.4
Verdict:Overvalued (-17.6%)
Benjamin Graham Number
₹524.0
-60.4% vs CMPPeter Lynch Fair Value
₹148.9
-88.8% vs CMPReverse DCF Implied Growth
34.3% CAGR
Realistic Market ExpectationsValuation Spectrum PositioningCMP: ₹1,323.9
₹0 (Distress)CMP: ₹1,324DCF: ₹1,090Graham: ₹524
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR27.1%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 27.1% | ₹13,178 | 0.8969 | ₹11,819 |
| Year 2 | 27.1% | ₹16,749 | 0.8044 | ₹13,472 |
| Year 3 | 27.1% | ₹21,288 | 0.7214 | ₹15,357 |
| Year 4 | 27.1% | ₹27,057 | 0.6470 | ₹17,506 |
| Year 5 | 27.1% | ₹34,389 | 0.5803 | ₹19,955 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹1172 -12% | ₹1401 +6% | ₹1547 +17% | ₹1722 +30% | ₹2203 +66% |
| 11.0% | ₹951 -28% | ₹1117 -16% | ₹1219 -8% | ₹1338 +1% | ₹1647 +24% |
| 11.5% | ₹861 -35% | ₹1004 -24% | ₹1090 -18% | ₹1191 -10% | ₹1446 +9% |
| 12.0% | ₹780 -41% | ₹905 -32% | ₹979 -26% | ₹1064 -20% | ₹1278 -3% |
| 13.0% | ₹644 -51% | ₹740 -44% | ₹796 -40% | ₹860 -35% | ₹1014 -23% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E14.63current
ReportedComputed, approximate
P/B3.26current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | 14.63 | 3.26 |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Buy(2.38 / 5)
Strong Buy:10
Buy:9
Hold:8
Sell:6
Strong Sell:1
Coverage: 34 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
Balanced risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:25.21%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: +3.03%
Mean Target₹1,364.00vs CMP ₹1,323.90
High Target₹1,650.00+24.6% max upside
Low Target₹1,100.00-16.9% downside
Median Target₹1,396.0034 estimates
Low: ₹1,100.00Mean: ₹1,364.00High: ₹1,650.00
Mean Target Current Price (₹1,323.90)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2024EConsensus
Mean Estimate
₹9.88
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹5.31
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹9.67
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹9.91
Low:—
High:—
FY2025E4 Analysts
Mean Estimate
₹6.32
Low:—
High:—
FY2025E4 Analysts
Mean Estimate
₹3.20
Low:—
High:—
FY2025E3 Analysts
Mean Estimate
₹3.35
Low:—
High:—
FY2025EConsensus
Mean Estimate
₹3.45
Low:—
High:—
FY2026E1 Analysts
Mean Estimate
₹6.64
Low:—
High:—
FY2026E2 Analysts
Mean Estimate
₹9.19
Low:—
High:—
FY2026E2 Analysts
Mean Estimate
₹10.91
Low:—
High:—
FY2026E1 Analysts
Mean Estimate
₹14.21
Low:—
High:—
FY2027E4 Analysts
Mean Estimate
₹19.02
Low:—
High:—
FY2027E3 Analysts
Mean Estimate
₹15.32
Low:₹11.00
High:₹21.00
FY2027E3 Analysts
Mean Estimate
₹12.00
Low:₹10.00
High:₹13.00
FY2027E3 Analysts
Mean Estimate
₹12.19
Low:₹10.00
High:₹13.00
FY2028E1 Analysts
Mean Estimate
₹17.69
Low:₹17.00
High:₹17.00
FY2028E1 Analysts
Mean Estimate
₹17.58
Low:₹17.00
High:₹17.00
FY2028E1 Analysts
Mean Estimate
₹17.54
Low:₹17.00
High:₹17.00
FY2028E2 Analysts
Mean Estimate
₹18.13
Low:₹15.00
High:₹20.00
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2024 Forecast | ₹9.88 | — | — | — |
| FY2024 Forecast | ₹5.31 | — | — | — |
| FY2024 Forecast | ₹9.67 | — | — | — |
| FY2024 Forecast | ₹9.91 | — | — | — |
| FY2025 Forecast | ₹6.32 | — | — | 4 |
| FY2025 Forecast | ₹3.20 | — | — | 4 |
| FY2025 Forecast | ₹3.35 | — | — | 3 |
| FY2025 Forecast | ₹3.45 | — | — | — |
| FY2026 Forecast | ₹6.64 | — | — | 1 |
| FY2026 Forecast | ₹9.19 | — | — | 2 |
| FY2026 Forecast | ₹10.91 | — | — | 2 |
| FY2026 Forecast | ₹14.21 | — | — | 1 |
| FY2027 Forecast | ₹19.02 | — | — | 4 |
| FY2027 Forecast | ₹15.32 | ₹21.00 | ₹11.00 | 3 |
| FY2027 Forecast | ₹12.00 | ₹13.00 | ₹10.00 | 3 |
| FY2027 Forecast | ₹12.19 | ₹13.00 | ₹10.00 | 3 |
| FY2028 Forecast | ₹17.69 | ₹17.00 | ₹17.00 | 1 |
| FY2028 Forecast | ₹17.58 | ₹17.00 | ₹17.00 | 1 |
| FY2028 Forecast | ₹17.54 | ₹17.00 | ₹17.00 | 1 |
| FY2028 Forecast | ₹18.13 | ₹20.00 | ₹15.00 | 2 |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
4 Factors- •Company has delivered a high Return on Equity (ROE) of 22.3%.
- •Net profit has grown at an impressive 75.3% CAGR over 3 years.
- •Strong cash generation: Operating Cash Flow is 112.1% of reported Net Profit.
- •High institutional backing: FIIs & DIIs hold a combined 31.8%.
Risk Factors & Watchouts
1 Watchout- •Company has experienced sluggish sales growth of 3.8% CAGR over 3 years.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score8 / 9
● Strong (High Quality)
Altman Z-Score3.56
● Safe Zone
Negligible risk of financial distress over the next 2 years.
Beneish M-Score-3.03
● Low Risk (Clean Accounting)
Cash flows closely match reported earnings with conservative accruals.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (2025-2026)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
46.5%Low Cash Conversion
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
5.6%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
58.6%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹22,316 CrInflow
22,316
+ D&A Non-Cash Charge₹9,599 CrAdd-back
9,599
Working Capital Adjustment-₹6,893 Cr- Tied Up
6,893
= Operating Cash Flow (CFO)₹25,022 CrOperating Cash
25,022
- Capital Expenditures (CapEx)-₹14,654 CrReinvestment
14,654
= Free Cash Flow (FCF)₹10,368 CrFree Cash Flow
10,368
- Dividends & Debt Repayment-₹4,910 CrCapital Return
4,910
= Net Change in Cash₹5,458 CrNet Balance
5,458
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | 2014-201531 Mar 2015 | 2015-201631 Mar 2016 | 2016-201731 Mar 2017 | 2017-201831 Mar 2018 | 2018-201931 Mar 2019 | 2019-202031 Mar 2020 | 2020-202131 Mar 2021 | 2021-202231 Mar 2022 | 2022-202331 Mar 2023 | 2023-202431 Mar 2024 | 2024-202531 Mar 2025 | 2025-202631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | ₹84,757.00 | ₹73,326.00 | ₹79,839.00 | ₹1.46 L | ₹1.66 L | ₹1.75 L | ₹1.69 L | ₹1.85 L |
| Operating profit | — | — | — | — | ₹14,911.00 | ₹7,653.00 | ₹15,277.00 | ₹32,772.00 | ₹13,893.00 | ₹21,085.00 | ₹13,669.00 | ₹40,704.00 |
| OPM | — | — | — | — | 17.59% | 10.44% | 19.13% | 22.39% | 8.37% | 12.05% | 8.10% | 21.95% |
| Net profit | — | — | — | — | ₹7,639.00 | ₹4,030.00 | ₹7,911.00 | ₹20,665.00 | ₹4,144.00 | ₹8,812.00 | ₹3,504.00 | ₹22,316.00 |
| EPS | — | — | — | — | 31.60 | 8.89 | 33.05 | 87.96 | 15.13 | 34.81 | 16.07 | 29.77 |
| Net margin | — | — | — | — | 9.01% | 5.50% | 9.91% | 14.12% | 2.50% | 5.04% | 2.08% | 12.03% |
| ROE | — | — | — | — | 21.95% | 11.01% | 16.92% | 30.71% | 6.31% | 11.35% | 4.41% | 22.30% |
| ROCE | 10.00% | 5.00% | 14.00% | 18.00% | 20.45% | 8.68% | 14.55% | 23.59% | 9.85% | 13.00% | 7.59% | 20.32% |
| Debt / equity | — | — | — | — | 1.36 | 1.68 | 1.33 | 1.07 | 1.23 | 1.13 | 1.50 | 1.19 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|
| Revenue | 9.86% | 3.77% | 18.36% | — |
| Net profit | 536.87% | 75.28% | 23.05% | — |
| EPS | 85.25% | 25.31% | -2.07% | — |
Each column only appears when 12 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | — | — | — | ₹1.15 L | ₹1.32 L | ₹1.48 L | ₹1.96 L | ₹2.11 L | ₹2.28 L | ₹2.41 L | ₹2.70 L |
| Total liabilities | — | — | — | — | ₹80,119.00 | ₹95,221.00 | ₹1.02 L | ₹1.29 L | ₹1.45 L | ₹1.51 L | ₹1.61 L | ₹1.70 L |
| Total equity | — | — | — | — | ₹34,795.00 | ₹36,599.00 | ₹46,764.00 | ₹67,297.00 | ₹65,695.00 | ₹77,669.00 | ₹79,496.00 | ₹1.00 L |
| Total debt | — | — | — | — | ₹47,396.00 | ₹61,423.00 | ₹62,392.00 | ₹72,237.00 | ₹80,853.00 | ₹87,984.00 | ₹1.19 L | ₹1.19 L |
| Cash | — | — | — | — | ₹673.00 | ₹1,888.00 | ₹955.00 | ₹2,048.00 | ₹2,309.00 | ₹2,906.00 | ₹2,984.00 | ₹9,259.00 |
| Current assets | — | — | — | — | ₹33,555.00 | ₹36,478.00 | ₹35,852.00 | ₹65,374.00 | ₹68,150.00 | ₹64,534.00 | ₹70,736.00 | ₹1.03 L |
| Current liabilities | — | — | — | — | ₹42,008.00 | ₹43,688.00 | ₹43,299.00 | ₹57,551.00 | ₹69,963.00 | ₹66,065.00 | ₹60,626.00 | ₹69,377.00 |
| Inventory | — | — | — | — | ₹15,430.00 | ₹14,927.00 | ₹15,174.00 | ₹35,379.00 | ₹35,421.00 | ₹39,328.00 | ₹36,423.00 | ₹35,052.00 |
| Receivables | — | — | — | — | ₹7,060.00 | ₹4,399.00 | ₹4,424.00 | ₹7,425.00 | ₹7,017.00 | ₹7,392.00 | ₹8,404.00 | ₹11,254.00 |
| Payables | — | — | — | — | ₹16,159.00 | ₹17,918.00 | ₹15,243.00 | ₹30,889.00 | ₹38,203.00 | ₹33,365.00 | ₹12,018.00 | ₹14,666.00 |
| Net PP&E | — | — | — | — | ₹73,144.00 | ₹87,953.00 | ₹95,106.00 | ₹1.14 L | ₹1.24 L | ₹1.39 L | ₹1.42 L | ₹1.36 L |
| Retained earnings | — | — | — | — | ₹29,144.00 | ₹32,008.00 | ₹41,425.00 | ₹59,966.00 | ₹60,197.00 | ₹67,971.00 | ₹69,745.00 | ₹91,164.00 |
Cash flow
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | — | — | ₹14,694.00 | ₹12,788.00 | ₹19,206.00 | ₹27,509.00 | ₹23,304.00 | ₹12,249.00 | ₹20,884.00 | ₹25,022.00 |
| Capital expenditure | — | — | — | — | ₹-10,206.00 | ₹-12,810.00 | ₹-9,258.00 | ₹-10,091.00 | ₹-14,784.00 | ₹-15,801.00 | ₹-12,694.00 | ₹-14,654.00 |
| Free cash flow | — | — | — | — | ₹4,488.00 | ₹-22.00 | ₹9,948.00 | ₹17,418.00 | ₹8,520.00 | ₹-3,552.00 | ₹8,190.00 | ₹10,368.00 |
| OCF / net profit | — | — | — | — | 1.92 | 3.17 | 2.43 | 1.33 | 5.62 | 1.39 | 5.96 | 1.12 |
| FCF / Capex intensity | — | — | — | — | 12.04 | 17.47 | 11.60 | 6.89 | 8.91 | 9.03 | 7.52 | 7.90 |
Income statement detail
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | — | — | — | — | ₹34,498.00 | ₹23,892.00 | ₹31,317.00 | ₹56,886.00 | ₹40,342.00 | ₹50,593.00 | ₹45,649.00 | ₹54,728.00 |
| Cost of revenue | — | — | — | — | ₹50,259.00 | ₹49,434.00 | ₹48,522.00 | ₹89,485.00 | ₹1.26 L | ₹1.24 L | ₹1.23 L | ₹1.31 L |
| EBITDA | — | — | — | — | ₹18,952.00 | ₹11,899.00 | ₹19,952.00 | ₹38,769.00 | ₹21,363.00 | ₹29,255.00 | ₹22,976.00 | ₹50,303.00 |
| Income before tax | — | — | — | — | ₹11,168.00 | ₹3,013.00 | ₹12,015.00 | ₹29,745.00 | ₹5,655.00 | ₹13,380.00 | ₹5,077.00 | ₹29,250.00 |
| Interest expense | — | — | — | — | ₹3,947.00 | ₹4,433.00 | ₹3,100.00 | ₹2,798.00 | ₹7,883.00 | ₹7,305.00 | ₹8,178.00 | ₹11,123.00 |
| Tax expense | — | — | — | — | ₹3,644.00 | ₹1,417.00 | ₹4,142.00 | ₹8,807.00 | ₹1,516.00 | ₹4,407.00 | ₹1,586.00 | ₹3,742.00 |
| D&A | — | — | — | — | ₹4,041.00 | ₹4,246.00 | ₹4,675.00 | ₹5,997.00 | ₹7,470.00 | ₹8,170.00 | ₹9,307.00 | ₹9,599.00 |
| EBITDA margin | — | — | — | — | 22.36% | 16.23% | 24.99% | 26.49% | 12.87% | 16.72% | 13.61% | 27.12% |
Financial ratios
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | 0.80 | 0.84 | 0.83 | 1.14 | 0.97 | 0.98 | 1.17 | 1.49 |
| Quick ratio | — | — | — | — | 0.43 | 0.49 | 0.48 | 0.52 | 0.47 | 0.38 | 0.57 | 0.99 |
| Interest coverage | — | — | — | — | 3.78 | 1.73 | 4.93 | 11.71 | 1.76 | 2.89 | 1.67 | 3.66 |
| Inventory days | 136.00 | 135.00 | 147.00 | 118.00 | 112.06 | 110.21 | 114.14 | 144.31 | 102.92 | 115.38 | 107.93 | 97.86 |
| Receivable days | 17.00 | 24.00 | 27.00 | 24.00 | 30.40 | 21.90 | 20.23 | 18.52 | 15.43 | 15.42 | 18.17 | 22.15 |
| Payable days | 175.00 | 207.00 | 172.00 | 149.00 | 117.35 | 132.30 | 114.66 | 125.99 | 111.00 | 97.89 | 35.61 | 40.94 |
| Cash conversion cycle | -23.00 | -48.00 | 2.00 | -7.00 | 25.11 | -0.19 | 19.71 | 36.83 | 7.35 | 32.91 | 90.49 | 79.06 |
| Working capital days | -58.00 | -105.00 | -66.00 | -36.00 | -63.00 | -96.00 | -93.00 | -24.00 | -50.00 | -29.00 | -19.00 | -15.00 |
| Fixed asset turnover | — | — | — | — | 1.16 | 0.83 | 0.84 | 1.28 | 1.34 | 1.26 | 1.19 | 1.36 |
| ROA | — | — | — | — | 6.65% | 3.06% | 5.33% | 10.52% | 1.96% | 3.86% | 1.46% | 8.28% |
| ROIC | — | — | — | — | 12.32% | 4.22% | 9.25% | 16.78% | 7.05% | 8.69% | 4.80% | 16.91% |
| Gross margin | — | — | — | — | 40.70% | 32.58% | 39.23% | 38.86% | 24.31% | 28.91% | 27.04% | 29.51% |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
Balanced Return EngineFY2025-2026
Net marginProfitability
12.03%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
0.69
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
2.70
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
22.31%
Reported: 22.30%
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2026 | 07 Jul 2026 | dividend | 710% |
| 2025 | 08 Jul 2025 | dividend | 280% |
| 2024 | 10 Jul 2024 | dividend | 730% |
| 2023 | 12 Jul 2023 | dividend | 340% |
| 2022 | 06 Jul 2022 | dividend | 1735% |
| 2021 | 07 Jul 2021 | dividend | 650% |
| 2020 | 08 Jul 2020 | dividend | 200% |
| 2019 | 10 Jul 2019 | dividend | 410% |
| 10 Jul 2019 | dividend | 410% | |
| 2018 | 10 Jul 2018 | dividend | 320% |
| 2017 | 14 Jun 2017 | dividend | 225% |
| 05 Jan 2017 | split | 1:10 | |
| 2016 | 06 Jul 2016 | dividend | 75% |
| 2015 | 08 Jul 2015 | dividend | 110% |
| 2014 | 09 Jul 2014 | dividend | 110% |
| 2013 | 17 Jul 2013 | dividend | 100% |
| 2012 | 14 Jul 2012 | dividend | 75% |
| 2011 | 13 Jul 2011 | dividend | 123% |
| 2010 | 16 Jun 2010 | dividend | 95% |
| 2009 | 01 Jul 2009 | dividend | 10% |
| 2008 | 23 May 2008 | dividend | 140% |
| 2007 | 21 Mar 2007 | dividend | 125% |
| 2006 | 17 Jun 2006 | dividend | 80% |
Dividend Intelligence & Capital Return History
Historical cash payout track record across 6 dividend distributions
Latest Year DPS:₹7.10
Yield on CMP:0.54%
3Y Dividend CAGR:+27.8%
Annual Dividend Payout Progression (Per Share)Total Cumulative DPS: ₹44.45
₹7.1
2026
₹2.8
2025
₹7.3
2024
₹3.4
2023
₹17.4
2022
₹6.5
2021
| Ex-Date | Amount (Per Share) | Dividend Type |
|---|---|---|
| 07 Jul 2026 | ₹7.10 | Final |
| 08 Jul 2025 | ₹2.80 | Final |
| 09 Jul 2024 | ₹7.30 | Final |
| 11 Jul 2023 | ₹3.40 | Final |
| 04 Jul 2022 | ₹17.35 | Final |
| 05 Jul 2021 | ₹6.50 | Final |
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
Metals & MiningCompare Peers in Studio
Market Cap3,22,665.43 ₹ cr
Beats 96% of 23 industry peers · median 50,821.95 ₹ cr
P/E14.63 x
Beats 10% of 20 industry peers · median 24.09 x
P/B3.26 x
Beats 65% of 20 industry peers · median 2.80 x
ROE13.28%
Beats 35% of 23 industry peers · median 20.18%
ROCE15.92%
Beats 39% of 23 industry peers · median 21.28%
Debt to Equity0.32 x
Beats 39% of 23 industry peers · median 0.35 x
Net Margin11.77%
Beats 43% of 23 industry peers · median 12.34%
Dividend Yield0.54%
Beats 37% of 19 industry peers · median 0.85%
Revenue Growth (YoY)9.77%
Beats 22% of 23 industry peers · median 23.98%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
Adani Enterprises Ltd.ADANIENT | ₹3.95 L | 42.56 | 5.06 |
Hindustan Zinc Ltd.HINDZINC | ₹2.52 L | 19.02 | 11.63 |
Hindalco Industries Ltd.HINDALCO | ₹2.28 L | 17.23 | 1.70 |
Tata Steel Ltd.TATASTEEL | ₹2.27 L | 21.55 | 2.28 |
Jindal Steel Ltd.JINDALSTEL | ₹1.19 L | 35.72 | 2.36 |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for JSW Steel Ltd. (JSWSTEEL)
Indexed Documents5 Filings
Latest Disclosure25 Jul 2026
Shareholding25 Jul 2026
JSW Steel Ltd: Quarterly Statement of Shareholding Pattern filed with NSE/BSE
AGM / EGM19 Jul 2026
JSW Steel Ltd: Notice of Annual General Meeting and Record Date for Dividend
Secretarial Filing27 Jun 2026
JSW Steel Ltd: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
Investor Deck22 Apr 2026
JSW Steel Ltd: Investor Presentation on Q4 Financial Results and Growth Outlook
News
- IndianAPIStock market today: Sensex falls 183 points, Nifty 50 ends at 24,208; mid, small-caps outperform
Stock market today: The Sensex ended 183 points, or 0.24%, lower at 77,472.94, while the Nifty 50 declined 127 points, or 0.52%, to settle at 24,207.75.
- IndianAPIStock market today: Sensex falls 170 points, Nifty 50 ends below 24,219; metal stocks shine
The Sensex ended at 77,369, down 172 points, or 0.22%, while the Nifty 50 closed 33 points, or 0.14%, lower at 24,219.05. The Nifty Midcap 150 index inched up by 0.07%, while the Smallcap 250 index declined 0.21%.
- IndianAPIJSW Steel aims to eliminate iron ore imports as domestic supply improves
JSW Steel, India’s largest iron ore importer, plans to phase out imports as new domestic mines and logistics infrastructure come online, shielding its costs from global price shocks.
- IndianAPIIndia Inc’s June quarter earnings beat masks a widening divide
Corporate India's June-quarter earnings surged on a low base, strong volume and credit growth, and a global commodity upcycle. But smaller companies lagged as weak pricing power and margin pressure weighed on profits.
- IndianAPINifty 50 falls for 7th straight session, longest losing streak since Sept 2025; what keeps stock market under pressure?
The Nifty closed at 24,078.30, down 77 points, or 0.32%, while the 30-share pack Sensex ended with a loss of 326 points, or 0.42%, at 76,909.68.
- IndianAPIIndia still lacks enough high-grade steel, leaving pipe makers relying on imports: Sminu Jindal
Domestic mills are developing specialized grades for oil and gas pipelines, but limited volumes and high prices are keeping the pipe maker dependent on imports.
- IndianAPIJindal Steel targets 21 mt capacity by 2032, new MD seeks leadership stability
Managing director V.R. Sharma says the steelmaker will prioritize value-added specialized grades, internal leadership talent, and a measured 20–21 mt expansion rather than chasing volume at any cost.
- IndianAPIJSW Steel and Tata Steel choose different growth paths—one bets on scale, the other on value
While JSW Steel is expanding its production capacity aggressively through new projects and joint ventures, Tata Steel is betting on higher-margin, value-added products. Their strategies are more nuanced than stark and present different choices being made in a red-hot market for steel.
- IndianAPIJSW Steel and Tata Steel choose different growth paths—one bets on scale, the other on value
While JSW Steel is expanding its production capacity aggressively through new projects and joint ventures, Tata Steel is betting on higher-margin, value-added products. Their strategies are more nuanced than stark and present different choices being made in a red-hot market for steel.
- IndianAPICoal India to also mine iron ore, set to get Odisha block
State-run Coal India emerged as the winning bidder for the Gadadharpur iron ore block in Odisha with a 114% premium, marking its entry into a sector dominated by NMDC
- IndianAPICoal India to also mine iron ore, set to get Odisha block
State-run Coal India emerged as the winning bidder for the Gadadharpur iron ore block in Odisha with a 114% premium, marking its entry into a sector dominated by NMDC
- IndianAPITata Steel seeks to prioritize value-added steel over capacity addition
Tata Steel's focus is now on converting primary steel into higher-value products such as precision tubes, speciality steel wires, coated sheets and tinplates
- IndianAPITata Steel seeks to prioritize value-added steel over capacity addition
Tata Steel's focus is now on converting primary steel into higher-value products such as precision tubes, speciality steel wires, coated sheets and tinplates
- IndianAPITata Steel’s Q1 profit rises 12%, misses estimates on Europe woes
The Mumbai-headquartered steelmaker reported a 12% year-on-year increase in consolidated net profit to ₹2,318.35 crore in the first quarter, according to an exchange filing on Thursday. The company missed Bloomberg’s consensus estimate of ₹2,501 crore based on a poll of 22 analysts.
- IndianAPITata Steel’s Q1 profit rises 12%, misses estimates on Europe woes
The Mumbai-headquartered steelmaker reported a 12% year-on-year increase in consolidated net profit to ₹2,318.35 crore in the first quarter, according to an exchange filing on Thursday. The company missed Bloomberg’s consensus estimate of ₹2,501 crore based on a poll of 22 analysts.
- IndianAPIStocks to buy for short term: Amol Athawale of Kotak Securities recommends 3 shares for next 1-2 weeks
Amol Athawale, VP of technical research at Kotak Securities, recommends three stocks for the next 1-2 weeks. For the Nifty 50, Athawale believes the index may advance to 24,400–24,500. However, if it slips below 24,100, the uptrend could become vulnerable
- IndianAPIStocks to buy for short term: Amol Athawale of Kotak Securities recommends 3 shares for next 1-2 weeks
Amol Athawale, VP of technical research at Kotak Securities, recommends three stocks for the next 1-2 weeks. For the Nifty 50, Athawale believes the index may advance to 24,400–24,500. However, if it slips below 24,100, the uptrend could become vulnerable
- IndianAPIJSW One Platforms appoints bankers for $350-400 million IPO next year
The Sajjan Jindal-led B2B marketplace joins India’s growing digital commerce listing pipeline as it prepares for a public debut.
- IndianAPIJSW One Platforms appoints bankers for $350-400 million IPO next year
The Sajjan Jindal-led B2B marketplace joins India’s growing digital commerce listing pipeline as it prepares for a public debut.
- IndianAPIJindal Steel brings back former MD Sharma after CEO churn, revamps top leadership
Besides Sharma's reappointment as MD, Jindal Steel announced appointments to the offices of chief financial officer, chief operating officer, and head of human resources, marking one of its biggest management overhauls in years
For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.