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JSW Steel Ltd

(JSWSTEEL)

₹921.851.62%

as on 04:01PM, 24 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

JSW Steel Ltd Analyst Rating

based on 32 analysts

BUY

53.12%

Buy

21.88%

Hold

25.00%

Sell

Based on 32 analysts offering long term price targets for JSW Steel Ltd. An average target of ₹987.16

Source: S&P Global Market Intelligence

JSW Steel Ltd Share analysis

JSW Steel Ltd price forecast by 32 analysts

Upside of7.08%

High

₹1255

Target

₹987.16

Low

₹700

JSW Steel Ltd target price ₹987.16, a slight upside of 7.08% compared to current price of ₹921.85. According to 32 analysts rating.

Source: S&P Global Market Intelligence

JSW Steel Ltd Performance

  • Day's Low

    Day's High

    ₹918.45
    Day's Price Range
    ₹937.95
  • 52 Week's Low

    52 Week's High

    ₹761.75
    52-Week Price Range
    ₹1,063
1 Month Return-3.3 %
3 Month Return-6.19 %
1 Year Return+ 8.16 %
Previous Close₹937.05
Open₹937.05
Volume20.48L
Upper Circuit-
Lower Circuit-
Market Cap₹2,25,434.17Cr

JSW Steel Ltd Key Statistics

P/E Ratio44.92
PEG Ratio-2.52
Market Cap₹2,25,434.17 Cr
P/B Ratio3.37
EPS29.42
Dividend Yield1.1
SectorSteel
ROE11.57

JSW Steel Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹2,25,434.17 Cr48.5%0.73₹8,973 Cr₹1,75,006 Cr
BUY₹1,41,002.23 Cr38.37%0.57₹10,155 Cr₹2,15,962 Cr
HOLD₹1,75,243.75 Cr40%0.64-₹4,910 Cr₹2,29,170 Cr
BUY₹1,80,699.03 Cr41.33%0.74₹7,537 Cr₹1,43,727 Cr
SELL₹49,178.03 Cr36.16%0.73₹3,066 Cr₹1,05,378 Cr

About JSW Steel Ltd

JSW Steel Ltd is an Indian steel-making company founded in 1982. It is headquartered in Mumbai, and is a part of the JSW Group.

JSW Steel Ltd is India's leading integrated steel manufacturer, with operations across the steel value chain, from mining to manufacturing and distribution. It has a diverse portfolio of products, including flat and long steel products, galvanised and colour-coated products, and value-added products. Its top products are hot-rolled coils, cold-rolled coils, galvanised coils, colour-coated coils, and bars and rods.

JSW Steel Ltd also owns popular brands such as JSW NeoSteel, JSW Colouron+, JSW Vishwas, JSW Pragati, JSW Pristine, JSW Neosteel TMT, JSW Neosteel Structural, JSW Neosteel High Strength, JSW Neosteel High Performance, JSW Neosteel Ultra High Strength, and JSW Neosteel Ultra High Performance. These brands are renowned for their superior quality and performance.

Share Price: ₹921.85 per share as on 24 Dec, 2024 04:01 PM
Market Capitalisation: ₹2,25,434.17Cr as of today
Revenue: ₹39,104.00Cr as on September 2024 (Q3 24)
Net Profit: ₹404.00Cr as on September 2024 (Q3 24)
Listing date: 14 Jun, 1995
Chairperson Name: Sajjan Jindal
OrganisationJSW Steel Ltd
Headquarters
IndustrySteel
E-voting on sharesClick here to vote

Key events for JSW Steel Ltd

  • JSW Steel Schedules Q3 FY 2025 Earnings Announcement - 24 Dec, 2024

    JSW Steel Limited has announced that its Board of Directors will meet on January 24, 2025, to approve the Q3 earnings report for the period ending December 31, 2024. The trading window will be closed from January 1 to January 26, 2025.
  • JSW Steel Faces Potential Safeguard Duties - 21 Dec, 2024

    The Indian Steel Association, including JSW Steel, seeks safeguard duties on imports of non-alloy and alloy steel products due to dumping concerns.
  • JSW Steel Restructures Subsidiaries Amid Tax Concerns - 19 Dec, 2024

    JSW Steel is restructuring its U.S. subsidiaries to streamline operations while facing potential tax implications from Karnataka's proposed mineral tax. The company anticipates significant outflows due to index changes, impacting its stock performance.
  • JSW Steel Faces Challenges Amid Duty Hike and Profit Decline - 18 Dec, 2024

    JSW Steel's shares fell due to a proposed iron ore duty hike and a significant drop in revenue and profits. The company is also set to be replaced in the Sensex by Zomato. Despite these challenges, JSW is advancing its green steel initiatives.
  • JSW Steel Faces Capex Challenges Amid Import Dilemma - 17 Dec, 2024

    JSW Steel's joint managing director, Jayant Acharya, highlighted the company's decision to cut capital expenditures due to insufficient margins, amid concerns over import restrictions and inflation risks.
  • Supreme Court Approves Asset Transfer to JSW Steel - 14 Dec, 2024

    The Supreme Court has ordered the Enforcement Directorate to transfer properties worth Rs 4,025 crore to JSW Steel, aiding its successful resolution of Bhushan Power & Steel's insolvency. This move supports JSW's operational turnaround and employment generation.
  • JSW Steel Shares Decline Amid Market Pressure - 13 Dec, 2024

    On December 13, shares of JSW Steel faced selling pressure, dropping 3-5% along with other steelmakers, despite a Supreme Court ruling favoring JSW Steel regarding Bhushan Power & Steels properties.
  • JSW Steel Faces Challenges Amid Growth Prospects - 12 Dec, 2024

    Sajjan Jindal raises concerns about Chinese steel imports, while Morgan Stanley remains bullish on JSW Steel's growth potential. Industry opposition to government moves could impact output.
  • JSW Steel Faces GST Penalty Amid Profit Decline - 11 Dec, 2024

    JSW Steel received a Rs 64.5 crore GST penalty notice for non-payment under Reverse Charge Mechanism. The company plans to challenge this demand. Additionally, JSW Steel's net profit fell 85.43% in Q2 FY25. Chairman Sajjan Jindal noted rising global barriers against steel imports.
  • JSW Steel Faces Penalty Amid Production Growth - 10 Dec, 2024

    JSW Steel reported a 5% increase in crude steel production for November 2024, but its net profit fell 85.43% in Q2 FY25. The company also faced a ₹64.5 crore GST penalty and received CCI approval for a significant acquisition. Despite challenges, the stock showed resilience in trading.
  • JSW Steel Reports Strong Production Growth in November - 09 Dec, 2024

    JSW Steel's crude steel production rose 5% YoY in November to 23.23 lakh tonnes, driven by a 7% increase in Indian operations. However, US operations declined by 22%. The company aims to enhance production capacity significantly by 2027.
  • JSW Steel Focuses on Expansion and EV Ventures - 03 Dec, 2024

    JSW Steel is in the spotlight due to the Steel Ministry's proposed safeguard duty on imports, alongside positive brokerage ratings and expansion plans in the EV sector.
  • JSW Steel Advances Green Initiatives Amid Import Safeguards - 02 Dec, 2024

    JSW Energy has signed an MoU to supply green hydrogen for a new steel plant, while the steel ministry proposed a 25% safeguard duty on imports to support domestic players.
  • JSW Steel Market Cap Increases by Rs 3,200 Crore - 29 Nov, 2024

    JSW Steel shares rose by 1.37%, adding Rs 3,200 crore to its market capitalization, now at Rs 2,36,573.22 crore. Positive momentum reflects optimism in the iron and steel sector, driven by infrastructure projects and strong demand.
  • JSW Steel Faces Rising Debt and Profitability Pressure - 28 Nov, 2024

    JSW Steel and other domestic steelmakers are under pressure from a projected 10% drop in steel prices and increasing imports, particularly from China. CRISIL forecasts net leverage to hit a five-year high due to rising debt from capital expenditures.
  • JSW Steel Reports Decline in Sales and Profit - 27 Nov, 2024

    JSW Steel's September 2024 net sales fell 8.77% YoY to Rs 30,778 crore, with net profit down 55.41%. The company is also negotiating coking coal imports from Mongolia.
  • JSW Steel in Talks for Coking Coal Imports - 26 Nov, 2024

    JSW Steel and SAIL are negotiating with Mongolian authorities to import two shipments of coking coal, with JSW Steel planning to purchase 2,500 metric tons.
  • JSW Steel Shares Decline Ahead of Sensex Exclusion - 25 Nov, 2024

    JSW Steel's stock fell nearly 2% following the announcement of its exclusion from the BSE Sensex, effective December 23, 2024, replaced by Zomato. This change may lead to fund outflows and impact future performance.

Insights on JSW Steel Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 44.81% to 44.84% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 10.52% to 10.66% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Jindal Steel & Power Ltd has given 147.4% return, outperforming this stock by 106.3%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Jindal Steel & Power Ltd has given 29.2% return, outperforming this stock by 21.0%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, JSWSTEEL stock has moved down by -3.3%

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 3 quarters, 46.51K Cr → 39.83K Cr (in ₹), with an average decrease of 7.5% per quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 5 quarters, 2.76K Cr → 439.0 Cr (in ₹), with an average decrease of 35.4% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 18.30% to 18.21% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 3.58% to 3.57% in Sep 2024 quarter

News

Stock Market Update: Key Developments and Focus Stocks

NHPC has entered into an MoU with the Bihar government to invest Rs 5,500 crore in solar energy and green hydrogen projects in the state.23 Dec, 2024 10:56 AM

NHPC to Invest Rs 5,500 Crore in Solar and Green Energy Initiatives

NHPC will invest Rs 5,500 crore in setting up a 1,000-megawatt solar power project in Bihar. The firm signed a Memorandum of Understanding (MoU) with the state government for this investment at the Bihar Business Connect 2024 investor summit. We have proposed to invest Rs 5,500 crore in setting up a 1,000 MW solar power project. The land is crucial for solar projects, and we would urge the state government to facilitate land acquisition so that we can complete the project on time. The project is expected to be completed within 1.5-2 years from the date of land acquisition. Chaudhary also mentioned that NHPC is proposing to set up a small solar plant, with the electricity generated being used to produce green hydrogen. The green hydrogen produced will be used to power passenger buses. NHPC is also working on similar projects in Gujarat and other states. The government is keen on promoting green hydrogen as a fuel, and our plan aligns with that vision. Initially, NHPC plans to run one bus on green hydrogen, with the number expected to increase as more solar power is generated.23 Dec, 2024 09:37 AM

Market Highlights: Key Stocks to Watch on December 23

NHPC has signed an MoU with the Bihar government for a ₹5,500 crore investment in solar energy and green hydrogen projects.23 Dec, 2024 09:00 AM
View More

JSW Steel Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹43,834.00Cr (-)₹41,337.00Cr (↓5.70%)₹45,646.00Cr (↑10.42%)₹42,337.00Cr (↓7.25%)₹39,104.00Cr (↓7.64%)
Net Income₹2,773.00Cr (-)₹2,450.00Cr (↓11.65%)₹1,322.00Cr (↓46.04%)₹867.00Cr (↓34.42%)₹404.00Cr (↓53.40%)
Net Profit Margin6.33% (-)5.93% (↓6.32%)2.90% (↓51.10%)2.05% (↓29.31%)1.03% (↓49.76%)
Value in ₹ crore
Details2021202220232024
Total Assets₹1,38,690.00Cr (-)₹1,66,233.00Cr (↑19.86%)₹1,75,895.00Cr (↑5.81%)₹1,87,133.00Cr (↑6.39%)
Total Liabilities₹91,713.00Cr (-)₹1,02,732.00Cr (↑12.01%)₹1,12,236.00Cr (↑9.25%)₹1,11,850.00Cr (↓0.34%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹14,110.00Cr (-)₹17,557.00Cr (↑24.43%)₹23,335.00Cr (↑32.91%)₹20,444.00Cr (↓12.39%)₹5,449.00Cr (↓73.35%)

Index Inclusions

S&P BSE 100 LargeCap TMC

₹8,854.85

-0.1 (-9.05%)

BSE 200

₹10,956.33

-0.09 (-9.75%)

S&P BSE Commodities

₹7,279.81

-0.33 (-24.23%)

S&P BSE Dividend Stability

₹987.58

-0.21 (-2.07%)

NIFTY 50

₹23,727.65

-0.11 (-25.8%)

S&P BSE 250 LargeMidCap

₹10,399.74

-0.07 (-7.25%)

BSE 100

₹25,137.89

-0.08 (-19.91%)

Nifty 500

₹22,402.70

-0.04 (-9.6%)

S&P BSE 100 ESG

₹394.61

-0.11 (-0.44%)

Nifty Commodities

₹8,206.25

-0.49 (-40.7%)

BSE 500

₹35,222.65

-0.02 (-8.79%)

S&P BSE SENSEX 50

₹24,951.12

-0.09 (-23.05%)

Nifty Metal

₹8,817.60

-0.83 (-73.8%)

S&P BSE Largecap

₹9,218.72

-0.1 (-9.53%)

BSE MFG

₹986.37

0.07 (0.65%)

Nifty100 Eq Weig

₹31,316.25

-0.19 (-58.65%)

S&P BSE Metal

₹29,593.98

-0.93 (-279.12%)

NIFTY 100

₹24,572.50

-0.11 (-27.25%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Nifty LargeMidcap 250

₹15,716.10

-0.04 (-6.8%)

Nifty 200

₹13,436.00

-0.1 (-13.75%)

JSW Steel Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
44.84%
0.08
Foreign Institutions
10.66%
1.33
Mutual Funds
3.57%
-0.32
Retail Investors
18.21%
-0.46
Others
22.72%
-0.35

JSW Steel Ltd Key Indicators

Details20202021202220232024
Return On Equity %17.4219.6730.247.7711.57
Details20202021202220232024
Return On Assets %3.35.712.432.364.71
Details20202021202220232024
Book Value Per Share (₹)121.59154.85223.58218.26254.65
Details20202021202220232024
Earning Per Share (₹)13.0226.0769.5613.7529.42

JSW Steel Ltd Valuation

JSW Steel Ltd in the last 5 years

  • Overview

  • Trends

Lowest (6.15x)

May 25, 2022

Industry (24.32x)

December 24, 2024

Today (44.92x)

December 24, 2024

Highest (63.07x)

December 28, 2020

LowHigh

JSW Steel Ltd Earnings and Dividends

  • JSW Steel Ltd Earnings Results

    JSW Steel Ltd’s net profit fell -84.09% since last year same period to ₹439Cr in the Q2 2024-2025. On a quarterly growth basis, JSW Steel Ltd has generated -48.05% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • JSW Steel Ltd Dividends May,2024

    In the quarter ending March 2024, JSW Steel Ltd has declared dividend of ₹7.30 - translating a dividend yield of 1.16%.

    Read More about Dividends

JSW Steel Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

JSW Steel Ltd is currently in a Bearish trading position according to technical analysis indicators.

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JSW Steel Ltd (JSWSTEEL) share price today is ₹921.85

JSW Steel Ltd is listed on NSE

JSW Steel Ltd is listed on BSE

  • Today’s highest price of JSW Steel Ltd is ₹937.95.
  • Today’s lowest price of JSW Steel Ltd is ₹918.45.

PE Ratio of JSW Steel Ltd is 44.92

PE ratio = JSW Steel Ltd Market price per share / JSW Steel Ltd Earnings per share

Today’s traded volume of JSW Steel Ltd(JSWSTEEL) is 20.48L.

Today’s market capitalisation of JSW Steel Ltd(JSWSTEEL) is ₹225434.17Cr.

JSW Steel Ltd(JSWSTEELPrice
52 Week High
₹1063
52 Week Low
₹761.75

JSW Steel Ltd(JSWSTEEL) share price is ₹921.85. It is down -13.28% from its 52 Week High price of ₹1063

JSW Steel Ltd(JSWSTEEL) share price is ₹921.85. It is up 21.02% from its 52 Week Low price of ₹761.75

JSW Steel Ltd(JSWSTEELReturns
1 Day Returns
-15.2%
1 Month Returns
-3.3%
3 Month Returns
-6.19%
1 Year Returns
8.16%