SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

JSW Steel Ltd (JSWSTEEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500228 NSE: JSWSTEEL Steel & Iron Products | Large Cap | JSW Steel Share Price

₹1,294 6.90 (0.54%)

As on 18-Jun'26 16:59

JSW Steel Ltd (JSWSTEEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500228 NSE: JSWSTEEL Steel & Iron Products | Large Cap | JSW Steel Share Price

₹1,294 6.90 (0.54%)

As on 18-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,16,442 Cr.
Current Price
₹1,294
52-Week Low / High
₹984 / 1,327
TTM EPS
₹26.7
TTM Sales
₹1,28,801 Cr.
Book Value per Share
₹350
P/E Ratio
48.52
Higher than its 5-year historical median
Industry PE
25.4
Price to Book (P/B)
3.70
Higher than its 5-year historical median
Price to Sales (P/S)
2.46
Higher than its 5-year historical median
EV/EBITDA
17.14
Higher than its 5-year historical median
Dividend Yield
0.22%
Profitability Efficiency
Return on Equity (ROE)
7.57%
Underperforms industry median
Return on Capital Employed (ROCE)
9.33%
Underperforms industry median
Return on Assets (ROA)
3.09%
Operating Profit Margin
14.7%
Net Profit Margin
4.57%
Gross Profit Margin
10.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-5.53%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-16.37%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-27.41%
Asset Quality
Promoter Holding
45.32%
Pledged shares (%) of Promoter's holding (%)
11.81%
Reserves
₹85,355 Cr.
Equity
₹244.6 Cr.
Face Value
₹1
All Time Low / High
₹0.18 / 1327.35

JSW Steel stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Semi Strong
Q.1 Is JSW Steel Ltd a good quality company?
JSW Steel Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does JSW Steel Ltd performance compare with that of its Peers?
Q.1 Revenue growth of JSW Steel Ltd vs industry peers?
JSW Steel Ltd revenue CAGR is 14.72%, compared to the industry median CAGR of 15.86%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of JSW Steel Ltd?
Promoters hold 45.32% of the JSW Steel Ltd, with 11.81% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of JSW Steel Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 25.7% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
JSW Steel Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -3.7%14.8%16.8%21.7%9.9%16.8%26.9%10.3%14.4%9.3%-
Value Creation
Index
-1.30.30.50.9-0.10.51.4-0.10.3-0.2-

Growth Parameters

Sales 36,70752,29066,46477,18764,26270,7271,18,8201,31,6871,35,1801,27,7021,28,801
Sales YoY Gr.-42.5%27.1%16.1%-16.8%10.1%68%10.8%2.7%-5.5%-
Adj EPS 4.33220.635.2283670.725.237.228.826.7
YoY Gr.-652.2%-35.7%71.4%-20.7%28.9%96.3%-64.3%47.4%-22.4%-
BVPS (₹) 84.8100.1115.4144.8159.1194.2263.3263.3306.5325.3350
Adj Net
Profit
1,0207,6824,9478,4616,7128,66516,9696,0639,0577,0396,522
Cash Flow from Ops. 5,6698,56112,17415,57814,11017,55723,33520,4445,44916,891-
Debt/CF from Ops. 6.34.532.83.62.92.22.710.83.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 14.9%14.7%2.4%-5.5%
Adj EPS 23.7%0.6%-25.8%-22.4%
BVPS16.1%15.4%7.3%6.1%
Share Price 25% 14% 18.8% 30%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
4.434.51926.918.320.330.79.5139.17.9
Op. Profit
Mgn %
17.923.32124.620.127.226.812.716.514.715.7
Net Profit
Mgn %
2.814.77.41110.412.314.34.66.75.55.1
Debt to
Equity
1.81.61.31.31.31.10.80.90.80.80.7
Working Cap
Days
16511613114418215011212413615766
Cash Conv.
Cycle
514545465435334240444

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales36,70752,29066,46477,18764,26270,7271,18,8201,31,6871,35,1801,27,702
Operating Expenses + 30,79245,99052,72358,67552,07151,50987,3841,16,5311,13,2001,09,321
Manufacturing Costs8,13310,31812,52615,96214,30320,24634,51935,06037,16936,537
Material Costs20,00027,95537,47039,49833,46628,07048,57975,69470,96467,568
Employee Cost 9531,1681,2601,4351,4961,5011,8701,9752,3572,488
Other Costs 1,7066,5491,4671,7802,8061,6922,4163,8022,7102,728
Operating Profit 5,9156,30013,74118,51212,19119,21831,43615,15621,98018,381
Operating Profit Margin (%) 16.1%12.0%20.7%24.0%19.0%27.2%26.5%11.5%16.3%14.4%
Other Income + 7725,4992134059547102,3611,7871,7041,865
Exceptional Items -5,8600-2340-1,309-386-7220-39-1,304
Interest 3,2193,6433,5913,7894,0223,5653,8495,0236,1086,486
Depreciation 2,8473,0253,0543,4213,5223,7814,5114,9525,4355,913
Profit Before Tax -5,2395,1317,07511,7074,29212,19624,7156,96812,1026,543
Tax -1,7101,5542,4503,586-9993,8038,0132,0314,061706
Profit After Tax -3,5303,5774,6258,1215,2918,39316,7024,9378,0415,837
PAT Margin (%) -9.6%6.8%7.0%10.5%8.2%11.9%14.1%3.8%6.0%4.6%
Adjusted EPS (₹)-14.714.919.233.822.134.869.620.633.023.9
Dividend Payout Ratio (%)-5.10%15.10%16.70%12.10%9.10%18.70%24.90%16.50%22.20%11.70%

Valuation of JSW Steel - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 20,41024,08527,86634,80238,24046,86063,26063,25074,83679,426
Share Capital 301301302301301302301301305305
Reserves 20,10923,78427,56434,50137,93946,55862,95962,94974,53179,121
Debt +32,21533,23331,72333,03746,06044,70541,89748,34947,24156,138
Long Term Debt30,14528,35829,55127,66639,24739,55141,17648,34647,24155,919
Short Term Debt2,0704,8752,1725,3716,8135,15472130219
Minority Interest0000000000
Trade Payables11,01111,60413,98813,12813,35412,15024,32830,70527,20223,488
Others Liabilities 9,39212,03711,97426,45824,38829,51733,38530,53736,15933,209
Total Liabilities 73,02880,95985,5511,07,4251,22,0421,33,2321,62,8701,72,8411,85,4381,92,261

Fixed Assets

Net Fixed Assets +46,56050,26649,56851,77250,54251,94271,64675,05679,58678,509
Gross Block49,38856,03958,34763,79164,17568,94191,76299,4531,09,0461,12,167
Accumulated Depreciation2,8285,7738,77912,01913,63316,99920,11624,39729,46033,658
CWIP 6,4393,0273,39210,44324,14129,04212,59910,50610,85610,915
Investments 4,7645,0504,8785,3975,99912,45818,02824,32030,14139,339
Inventories6,7429,27010,08210,8159,62310,69221,02819,51723,23419,819
Trade Receivables2,5113,9484,6926,7703,1663,3336,1466,0006,4985,672
Cash Equivalents 5991,0276015,81311,40111,74615,52718,7168,12910,261
Others Assets 5,4148,37112,33816,41517,17014,01917,89618,72626,99427,746
Total Assets 73,02880,95985,5511,07,4251,22,0421,33,2321,62,8701,72,8411,85,4381,92,261

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 5,6698,56112,17415,57814,11017,55723,33520,4445,44916,891
PBT -5,2395,1317,07511,7074,29212,19624,7156,96812,1026,543
Adjustment 11,5546,3446,7776,7918,6576,3856,95110,3969,84312,247
Changes in Working Capital -491-2891-471-4552147636-36793546-14053-198
Tax Paid -154-23-1,207-2,465-986-1,660-4,652-466-2,443-1,701
Cash Flow From Investing Activity + -5,033-6,284-6,134-11,432-19,092-3,759-17,652-7,361-8,729-9,979
Capex -3,905-3,927-3,769-8,302-10,699-7,852-7,429-6,255-5,210-6,648
Net Investments 855-478485-22-7,5217,433-7,2212,8092,140-1,029
Others -1,983-1,879-2,850-3,108-872-3,340-3,002-3,915-5,659-2,302
Cash Flow From Financing Activity + -982-2,030-6,3017253,054-6,115-9,134-7,085-5,477-2,270
Net Proceeds from Shares 532-270639-519596-44
Net Proceeds from Borrowing 520-8077972,4948,2413,3122,2993,1281,6825,998
Interest Paid -2,806-3,494-3,417-3,598-4,371-4,015-3,890-4,808-5,989-6,254
Dividend Paid -320-218-655-907-1,190-483-1,571-4,194-822-1,785
Others 1,5712,487-2,9992,736368-4,968-5,453-1,270-354-185
Net Cash Flow -345247-2614,871-1,9287,683-3,4515,998-8,7574,642

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-15.6916.1217.8525.9714.5119.7530.377.8111.667.57
ROCE (%)-3.6814.7816.8321.729.8916.7626.8810.314.49.33
Asset Turnover Ratio0.550.740.810.80.560.550.80.780.750.68
PAT to CFO Conversion(x)N/A2.392.631.922.672.091.44.140.682.89
Working Capital Days
Receivable Days20.3020.7023.3027.1028.2016.8014.6016.8016.9017.40
Inventory Days68.5051.3052.2049.405852.4048.7056.2057.7061.50
Payable Days59.404244.2046.6051.806757.1048.6058.4058.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *14.8015.2415.1614.3414.0713.3612.4112.4711.7011.81
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

JSW Steel Ltd FAQs

The current trading price of JSW Steel on 18-Jun-2026 16:59 is ₹1,294.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 17-Jun-2026 the market cap of JSW Steel stood at ₹3,16,441.8 Cr

The latest P/E ratio of JSW Steel as of 17-Jun-2026 is 48.52.

The latest P/B ratio of JSW Steel as of 17-Jun-2026 is 3.70.

The 52-week high of JSW Steel is ₹1,327.4 and the 52-week low is ₹984.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JSW Steel is ₹1,28,801 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that JSW Steel Ltd is a good quality company.

The key valuation ratios of JSW Steel Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of JSW Steel Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About JSW Steel Ltd

JSW Steel Limited is a public limited company incorporated in India on March 15, 1994 under the Companies Act, 1956 and listed on the Bombay Stock Exchange and National Stock Exchange. The Company is an integrated manufacturer of diverse range of steel products with its manufacturing facilities located at Vijaynagar Works in Karnataka, Dolvi Works in Maharashtra and Salem works in Tamil Nadu.

The Group set up its first steel plant in 1982 at Vasind near Mumbai. Soon after, it acquired Piramal Steel Ltd., which operated a mini steel mill at Tarapur in Maharashtra. The Jindals, who had wide experience in the steel industry, renamed it as Jindal Iron and Steel Co. (JISCO). In 1994, in order to achieve the vision of moving up the value chain and building a strong, resilient company, Jindal Vijayanagar Steel (JVSL) was setup, with its plant located at Toranagallu in the Bellary-Hospet area of Karnataka, the heart of the high-grade iron ore belt and spread over 3,700 acres of land. In 2005, JISCO and JVSL merged to form JSW Steel.

Business area of the company

JSW Steel is primarily engaged in the business of manufacture and sale of iron and steel products.

Products of the company

  • Hot Rolled (HR)
  • Cold Rolled (CR)
  • Galvanised
  • Galvalume
  • Color Coated Products
  • Neosteel TMT Bars
  • Wire Rods
  • Special Steel

Awards & Achievements

  • JSW Steel bags the Steel Minister’s Trophy for being the 2nd best integrated steel plant in the country
  • Dolvi Works conferred with 'Certificate of Appreciation' in Prime Minister's Trophy 16-17
  • JSW Steel wins at Asia Sustainability Reporting Awards
  • JSW Steel bagged Global Innovation Award at 2019 India Perspective
  • Grow Care India Environment Award-2018 to Dolvi Works
  • JSW Steel awarded for the Best Raw Material Supplier of 2018
  • JSW Steel awarded for Outstanding Support for the year 2019 by Honda Cars
  • JSW Steel Coated, Vasind wins the 1st Prize in the - 13th State Level Award for Excellence in Energy Conservation & Management
  • Apex India Energy Efficiency Award -2018
  • Toyota recognizes JSW Steel for world-class quality
  • JSWSCPL Vasind location has achieved the prestigious award ‘Gold Medal’ in INDIA GREEN MANUFACTURING CHALLENGE-2018 by M/s. International Research Institute for Manufacturing, (IRIM) India
  • JSW Steel gets recognised by Worldsteel Sustainable Champions of 2018
  • National Institution for Quality & Reliability (INQR) honours JSW Steel Vijyayanagar works
  • Bombay Iron Merchants’ Association visit to Vijayanagar Works
  • JSW Steel Coated Products Ltd., Vasind has been awarded with Gold Category for Excellence in Energy Efficiency for Year-2018 by Apex India Foundation in the sector of Metal and Mining
  • JSW Steel Coated Products Ltd. has been awarded a Special Trophy for Excellence in Exports of MEIS Items for the year 2016-17 in the category of Large Enterprises by EEPC India, Western Region
  • JSW Steel's Dolvi Works received 'PLATINUM' level recognition in CII Exim Bank Award for Business Excellence - 2018
  • JSW wins the prestigious Deming Prize for its excellence in TQM
  • JSW Steel included in the NIFTY 50 Index
  • Ranked sixth among the best operating steel plants in the world (World Steel Dynamics, June 2017)
  • Featured in the Vigeo Eiris Emerging 70 group sustainability rating
  • Best CSR Practice award 2018: CSR Summit (February 2018)
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: