Factor to watch - global trade tension
The global steel industry faced a challenging CY 2019, as demand growth in a few markets was largely offset by declines in the rest of the world. An uncertain economic environment, coupled with continued trade tensions, slowdown in global manufacturing notably auto sector and intensifying geopolitical issues, weighed on investment and trade
Adding to subsidiary count
JSW Steel completed the acquisition of Vardhaman Industries Limited (VIL), pursuant to the approval of the resolution plan by the National Company Law Appellate Tribunal (NCLAT) in December 2019 for a total consideration of 63.50 crore. VIL is now a wholly owned subsidiary of the Company. JSW Steel raised its holding in JSW Vallabh Tin Plate Limited (JSW VTPL) from 50% to 73.55%, and consequently JSW VTPL became a subsidiary of the Company with effect from 31 December 2019.
World's largest conveyor system - lowering logistic cost
The Company built the world?s largest conveyor system, which travels 24 km from the captive mines to the Vijayanagar plant. The pipe conveyor, fully operationalised in early FY 2019-20, reduces carbon footprint (by 3.86 kg/ tonne of CO2) and dust emissions while improving safety, as it eliminates cargo movement on roads. It also comes with significantly lower logistics cost compared with other modes of in-land transport. During FY 2019-20, 3.39 MnT of iron ore was dispatched, generating savings of Rs 56 crore.
JSW Steel Share Price
- Open943.15
- High949.40
- Low928.75
- Prev Close943.15
- Volume24,02,672
- VWAP(₹)937.56
JSW Steel share price insights
Employee & Interest Expense
Company has spent 4.63% of its operating revenues towards interest expenses and 2.62% towards employee cost in the year ending 31 Mar, 2024. (Source: Consolidated Financials)Sell Signal: Bearish trend in offing
5 day moving crossover appeared on Jun 28, 2024. Average price decline of -2.73% within 7 days of this signal in last 5 years.Stock Returns vs Nifty 100
Stock gave a 3 year return of 33.48% as compared to Nifty 100 which gave a return of 52.57%. (as of last trading session)Stock Returns vs Nifty Metal
Stock generated 33.48% return as compared to Nifty Metal which gave investors 88.76% return over 3 year time period. (as of last trading session)JSW Steel Share Price Update
JSW Steel Ltd. share price moved down by -1.24% from its previous close of Rs 943.15. JSW Steel Ltd. stock last traded price is 931.50
Share Price Value Today/Current/Last 931.50 Previous Day 943.15
JSW Steel Share Price Returns
| 1 Day | -1.24% |
| 1 Month | 2.66% |
| 3 Months | 12.2% |
| 1 Year | 18.9% |
| 3 Years | 33.96% |
| 5 Years | 236.77% |
Key Metrics
| PE Ratio(x) | 26.17 |
| EPS - TTM(₹) | 36.03 |
| MCap(₹ Cr.) | 2,30,606 |
| MCap Rank | 1 |
| PB Ratio(x) | 2.89 |
| Div Yield(%) | 0.77 |
| Face Value(₹) | 1.00 |
| 52W High(₹) | 949.40 |
| 52W Low(₹) | 723.00 |
| MCap/Sales | 1.45 |
| Beta(1 Month) | 2.19 |
| BV/Share(₹) | 326.22 |
JSW Steel Share Recommendations
28 Analysts
SellSellHoldBuyStrong
Buy
| Ratings | Current | 1W Ago | 1M Ago | 3M Ago |
|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 |
| Buy | 9 | 9 | 9 | 7 |
| Hold | 7 | 7 | 7 | 7 |
| Sell | 4 | 3 | 3 | 3 |
| Strong Sell | 3 | 4 | 4 | 4 |
| # Analysts | 28 | 28 | 28 | 26 |
JSW Steel News & Analysis
JSW Steel Financials
Mar 2024 Dec 2023 Sep 2023 Jun 2023 Mar 2023 Total Income 46,511.00 42,134.00 44,821.00 42,544.00 47,427.00 Total Income Growth (%) 10.39 -5.99 5.35 -10.30 20.61 Total Expenses 42,339.00 36,819.00 38,128.00 37,067.00 41,032.00 Total Expenses Growth (%) 14.99 -3.43 2.86 -9.66 12.51 EBIT 4,172.00 5,315.00 6,693.00 5,477.00 6,395.00 EBIT Growth (%) -21.51 -20.59 22.20 -14.35 124.15 Profit after Tax (PAT) 1,299.00 2,415.00 2,760.00 2,338.00 3,664.00 PAT Growth (%) -46.21 -12.50 18.05 -36.19 647.76 EBIT Margin (%) 8.97 12.61 14.93 12.87 13.48 Net Profit Margin (%) 2.79 5.73 6.16 5.50 7.73 Basic EPS (₹) 5.33 9.92 11.38 9.72 15.24 All figures in Rs Cr, unless mentioned otherwise
InsightsEmployee & Interest Expense
Company has spent 4.63% of its operating revenues towards interest expenses and 2.62% towards employee cost in the year ending 31 Mar, 2024. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Total Assets 2,28,198.00 2,11,078.00 1,96,485.00 1,48,317.00 1,31,820.00 Total Assets Growth (%) 8.11 7.43 32.48 12.51 14.71 Total Liabilities 1,48,422.00 1,44,006.00 1,27,950.00 1,02,172.00 95,796.00 Total Liabilities Growth (%) 3.07 12.55 25.23 6.66 18.90 Total Equity 79,776.00 67,039.00 68,535.00 46,145.00 36,024.00 Total Equity Growth (%) 19.00 -2.18 48.52 28.10 4.89 Current Ratio (x) 0.98 0.97 1.14 0.83 0.83 Total Debt to Equity (x) 1.10 1.20 1.04 1.11 1.45 Contingent Liabilities 0.00 35,839.00 31,250.00 48,432.00 37,150.00 All figures in Rs Cr, unless mentioned otherwise
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Net Cash flow from Operating Activities 12,078.00 23,323.00 26,270.00 18,789.00 12,785.00 Net Cash used in Investing Activities -14,638.00 -10,711.00 -15,987.00 -8,119.00 -19,586.00 Net Cash flow from Financing Activities -4,827.00 -5,977.00 -14,657.00 -3,110.00 5,189.00 Net Cash Flow -7,394.00 6,616.00 -3,135.00 7,977.00 -1,615.00 Closing Cash & Cash Equivalent 8,030.00 15,424.00 8,808.00 11,943.00 3,966.00 Closing Cash & Cash Equivalent Growth (%) -47.94 75.11 -26.25 201.13 -28.94 Total Debt/ CFO (x) 7.09 3.38 2.66 2.75 4.15 All figures in Rs Cr, unless mentioned otherwise
InsightsIncrease in Cash from Investing
Company has used Rs 14638.0 cr for investing activities which is an YoY increase of 36.66%. (Source: Consolidated Financials)
Annual FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Return on Equity (%) 11.34 6.30 30.70 16.91 11.01 Return on Capital Employed (%) 12.99 8.57 24.85 15.28 9.27 Return on Assets (%) 3.86 1.96 10.51 5.33 3.05 Interest Coverage Ratio (x) 3.61 2.84 8.16 4.06 1.92 Asset Turnover Ratio (x) 0.80 0.71 0.76 53.82 55.62 Price to Earnings (x) 28.82 50.00 10.67 17.89 10.94 Price to Book (x) 3.26 3.15 3.28 3.02 1.20 EV/EBITDA (x) 11.25 13.62 6.77 8.66 6.80 EBITDA Margin (%) 16.70 11.79 27.69 25.96 16.93
Peer Comparison
NAME 1D 1W 1M 3M 1Y 3Y 5Y JSW Steel Stock Performance -1.24 5.79 11.62 12.23 24.45 33.48 254.99 Tata Steel Stock Performance -0.09 4.07 7.48 10.66 59.79 58.05 260.94 JSPL Stock Performance -0.29 1.58 13.36 24.48 99.33 162.64 564.17 SAIL Stock Performance 4.04 -6.21 -2.87 6.98 79.31 19.45 207.76 Shyam Metalics Stock Performance 1.85 9.78 18.05 4.56 110.34 0.00 0.00 All values in %
Stock Returns vs Nifty 100
Stock gave a 3 year return of 33.48% as compared to Nifty 100 which gave a return of 52.57%. (as of last trading session)Stock Returns vs Nifty Metal
Stock generated 33.48% return as compared to Nifty Metal which gave investors 88.76% return over 3 year time period. (as of last trading session)
Mutual Funds Ownership
MF Ownership as on 31 May 2024
241.07
Amount Invested (in Cr.)
0.69%
% of AUM
0.00
% Change (MoM basis)
237.99
Amount Invested (in Cr.)
0.51%
% of AUM
-14.19
% Change (MoM basis)
ICICI Pru Commodities Direct-G
Equity: Thematic
176.27
Amount Invested (in Cr.)
7.44%
% of AUM
0.00
% Change (MoM basis)
JSW Steel Futures & Options
Corporate Actions
Board Meeting
Quarterly Results
Jun 26, 2024
Final
730%
May 21, 2024
Board Meeting
Audited Results & Dividend
May 08, 2024
Announced on Meeting on Jun 26, 2024 Jul 19, 2024 Quarterly Results May 08, 2024 May 17, 2024 Audited Results & Dividend Dec 21, 2023 Jan 25, 2024 Quarterly Results Sep 26, 2023 Oct 20, 2023 Quarterly Results Jun 27, 2023 Jul 21, 2023 Quarterly Results Announced on Ex-Date Dividend% May 22, 2023 Jul 11, 2023 340% May 27, 2022 Jul 04, 2022 1735% May 21, 2021 Jul 05, 2021 650% May 22, 2020 Jul 06, 2020 200% May 21, 2024 - 730% No Data Available
Announced on Ex-Date Oct 27, 2016 Jan 04, 2017 Split: Old FV10.0| New FV:1.0 Announced on Ex-Date Jan 20, 2006 - Rights ratio: 1 share for every 8 held at a price of Rs 10.0 Announced on Meeting on May 22, 2023 Jul 28, 2023 Rs.3.4000 per share(340%)Final Dividend & A.G.M. Jun 14, 2023 Jul 16, 2023 - Mar 06, 2023 Mar 17, 2023 - May 27, 2022 - Book closure from 6 Jul, 2022 to 8 Jul, 2022 May 27, 2022 - Book closure from 6 Jul, 2022 to 8 Jul, 2022
About
JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 227,794.04 Crore) operating in Metals - Ferrous sector.
JSW Steel Ltd. key Products/Revenue Segments include Hot Rolled Coils/Plates/Sheets, Rolled Product, Coils (Cold Rolled), Coils & Sheets (Galvanised), Others, Iron Ore, Billets & Blooms, Other Operating Revenue, M S/S S Slabs, Color Coated Coil/Sheets for the year ending 31-Mar-2023.
For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 46,511.00 Crore, up 10.39 % from last quarter Total Income of Rs 42,134.00 Crore and down 1.93 % from last year same quarter Total Income of Rs 47,427.00 Crore. Company has reported net profit after tax of Rs 1,420.00 Crore in latest quarter.
The company’s top management includes Mrs.Savitri Devi Jindal, Mr.Sajjan Jindal, Mr.Jayant Acharya, Mr.Gajraj Singh Rathore, Mr.Hiroyuki Ogawa, Dr.M R Ravi, Ms.Fiona Jane Mary Paulus, Mr.Haigreve Khaitan, Mr.Harsh Charandas Mariwala, Mr.Marcel Fasswald, Mrs.Nirupama Rao, Dr.(Mrs.)Punita Kumar Sinha, Mr.Seturaman Mahalingam, Mr.Rajeev Pai, Mr.Lancy Varghese. Company has S R B C & Co. LLP as its auditors. As on 31-03-2024, the company has a total of 244.55 Crore shares outstanding.
About JSW Steel
JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 227,794.04 Crore) operating in Metals - Ferrous sector. JSW Steel Ltd. key Products/Revenue Segments include Hot Rolled Coils/Plates/Sheets, Rolled Product, Coils (Cold Rolled), Coils & Sheets (Galvanised), Others, Iron Ore, Billets & Blooms, Other Operating Revenue, M S/S S Slabs, Color Coated Coil/Sheets for the year ending 31-Mar-2023.For the quarter ended 31-03-2024, the company has reported a Consolidated Total Income of Rs 46,511.00 Crore, up 10.39 % from last quarter Total Income of Rs 42,134.00 Crore and down 1.93 % from last year same quarter Total Income of Rs 47,427.00 Crore. Company has reported net profit after tax of Rs 1,420.00 Crore in latest quarter.The company’s top management includes Mrs.Savitri Devi Jindal, Mr.Sajjan Jindal, Mr.Jayant Acharya, Mr.Gajraj Singh Rathore, Mr.Hiroyuki Ogawa, Dr.M R Ravi, Ms.Fiona Jane Mary Paulus, Mr.Haigreve Khaitan, Mr.Harsh Charandas Mariwala, Mr.Marcel Fasswald, Mrs.Nirupama Rao, Dr.(Mrs.)Punita Kumar Sinha, Mr.Seturaman Mahalingam, Mr.Rajeev Pai, Mr.Lancy Varghese. Company has S R B C & Co. LLP as its auditors. As on 31-03-2024, the company has a total of 244.55 Crore shares outstanding.
Industry
Key Indices Listed On
Nifty 50, BSE Sensex, Nifty 100, Nifty 200, Nifty 500
Address
JSW Centre,Bandra Kurla Complex,Mumbai, Maharashtra - 400051
Executive Leadership
Savitri Devi Jindal
Chairperson EmeritusSajjan Jindal
Chairman & Managing DirectorJayant Acharya
Joint Managing Director & CEOGajraj Singh Rathore
Whole Time Director & COOAuditors
Brands
FAQs about JSW Steel share
- 1. What's the JSW Steel share price today?JSW Steel share price was Rs 931.50 as on 28 Jun, 2024, 03:55 PM IST. JSW Steel share price was down by 1.24% based on previous share price of Rs. 919.2. In last 1 Month, JSW Steel share price moved up by 2.66%.
- 2. Who's the owner of JSW Steel?Promoter,DII and FII owns 44.81, 9.46 and 26.33 shares of JSW Steel as on 31 Mar 2024
- There is no change in promoter holding from 31 Dec 2023 to 31 Mar 2024
- Domestic Institutional Investors holding has gone up from 9.46 (31 Dec 2023) to 9.79 (31 Mar 2024)
- Foreign Institutional Investors holding have gone down from 26.33 (31 Dec 2023) to 26.06 (31 Mar 2024)
- Other investor holding have gone down from 19.4 (31 Dec 2023) to 19.34 (31 Mar 2024)
- 3. What are the key metrics to analyse JSW Steel Share Price?Key Metrics for JSW Steel are:
- PE Ratio of JSW Steel is 26.17
- Price/Sales ratio of JSW Steel is 1.45
- Price to Book ratio of JSW Steel is 2.89
- 4. Who is the chairman of JSW Steel?Sajjan Jindal is the Chairman & Managing Director of JSW Steel
- 5. Who is the CEO of JSW Steel?Jayant Acharya is the Joint Managing Director & CEO of JSW Steel
- 6. What are the JSW Steel quarterly results?On Consoldiated basis, JSW Steel reported a total income and profit of Rs 46511.00 Cr and Rs 1299.00 respectively for quarter ending 2024-03-31. Total Income and profit for the year ending 2024-03-31 was Rs 176010.00 Cr and Rs 8812.00 Cr.
- 7. What has been highest price of JSW Steel share in last 52 weeks?JSW Steel share price saw a 52 week high of Rs 949.40 and 52 week low of Rs 723.00.
- 8. What's the market capitalization of JSW Steel?JSW Steel share has a market capitalization of Rs 2,30,606 Cr. Within Metals - Ferrous sector, it's market cap rank is 1.
- 9. Is JSW Steel giving dividend?An equity Final dividend of Rs 3.4 per share was declared by JSW Steel Ltd. on 22 May 2023. So, company has declared a dividend of 340% on face value of Rs 1 per share. The ex dividend date was 11 Jul 2023.
- 10. What are the returns for JSW Steel share?Return Performance of JSW Steel Shares:
- 1 Week: JSW Steel share price moved down by 0.58%
- 1 Month: JSW Steel share price moved up by 2.66%
- 3 Month: JSW Steel share price moved up by 12.20%
- 6 Month: JSW Steel share price moved up by 5.76%
- 11. What is the PE & PB ratio of JSW Steel?The PE ratio of JSW Steel stands at 26.17, while the PB ratio is 3.61.
- 12. Who are peers to compare JSW Steel share price?Within Metals - Ferrous sector JSW Steel, Tata Steel Ltd., Jindal Steel & Power Ltd., Steel Authority of India (SAIL) Ltd., Shyam Metalics and Energy Ltd., Technocraft Industries (India) Ltd., Prakash Industries Ltd., Steel Exchange India Ltd., Manaksia Steels Ltd., Visa Steel Ltd. and Incredible Industries Ltd. are usually compared together by investors for analysis.
- 13. What is the CAGR of JSW Steel?The CAGR of JSW Steel is 21.68.
- 14. What is the recommendation for JSW Steel - Buy or Sell?As per Refinitiv (erstwhile Thomson Reuters), overall mean recommendation by 28 analysts for JSW Steel stock is to Hold. Recommendation breakup is as follows
- 5 analysts are recommending Strong Buy
- 9 analysts are recommending to Buy
- 7 analysts are recommending to Hold
- 3 analysts are recommending to Sell
- 4 analysts are recommending Strong Sell
Trending in Markets
DATA SOURCES: TickerPlant (for live BSE/NSE quotes service) and Dion Global Solutions Ltd. (for corporate data, historical price & volume, F&O data). Sensex & BSE Quotes and Nifty & NSE Quotes are real-time and licensed from BSE and NSE respectively. All timestamps are reflected in IST (Indian Standard Time).
DISCLAIMER: Any and all content on this website including tools/analysis is provided to you only for convenience and on an “as-is, as- available” basis without representation and warranties of any kind. The content and any output of such tools/analysis is for informational purposes only and should not be relied upon or construed as an investment advice or guarantee for any specific performance/returns advice or considered as recommendation for the purchase or sale of any security or investment. You are advised to exercise caution, discretion and independent judgment with regards to the same and seek advice from professionals and certified experts before taking any decisions.
By using this site, you agree to the Terms of Service and Privacy Policy.