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JSW Steel Ltd (JSWSTEEL)

₹931.450.31%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 29 analysts

BUY

53.57%

Buy

25.00%

Hold

21.43%

Sell

Based on 29 analysts offering long term price targets for JSW Steel Ltd. An average target of ₹931.52

Source: S&P Global Market Intelligence

JSW Steel Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹921.35
    ₹935.35
  • 52 Week's Low

    52 Week's High

    ₹723
    ₹959.4
1 Month Return+ 0.97 %
3 Month Return+ 10.6 %
1 Year Return+ 18.14 %
Previous Close₹934.35
Open₹934.35
Volume18.12L
Upper Circuit-
Lower Circuit-
Market Cap₹2,28,490.99Cr

Key Statistics

P/E Ratio25.7
PEG Ratio1.35
Market Cap₹2,28,490.99 Cr
P/B Ratio3.37
EPS13.02

Mutual Fund Holdings

Funds HoldingsPrev. 2M
SBI Flexicap Fund Direct GrowthSBI Flexicap Fund Direct Growth1.27%
ICICI Prudential Equity & Debt Fund Direct Plan GrowthICICI Prudential Equity & Debt Fund Direct Plan Growth0.67%
Kotak Equity Arbitrage Fund Direct GrowthKotak Equity Arbitrage Fund Direct Growth0.44%
ICICI Prudential Commodities Fund Direct GrowthICICI Prudential Commodities Fund Direct Growth7.19%
HDFC Manufacturing Fund Direct GrowthHDFC Manufacturing Fund Direct Growth1.48%

Company Information

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: ₹931.45 per share as on 18 Jul, 2024 04:01 PM
Market Capitalisation: ₹2,28,490.99Cr as of today
Revenue: ₹45,646.00Cr as on March 2024 (Q1 24)
Net Profit: ₹1,322.00Cr as on March 2024 (Q1 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 Faces Decline in Net Profit as Sale Process for O2 Power Begins - 16 Jul, 2024

    JSW Steel is expected to report a decline in net profit of 50.2% YoY for Q1, while Macquarie Group, JSW Group, and Actis have signed NDAs to buy O2 Power.

  • JSW Steel's Kinshuk Roy Believes Steel Can Be Modified for Lightweighting - 14 Jul, 2024

    Kinshuk Roy, EVP at JSW Steel, believes steel can be modified to retain strength while reducing thickness. This allows manufacturers to achieve weight savings without compromising structural integrity, enhancing driving dynamics and extending vehicle range.

  • JSW Group Partners for Smart Grid Tech Center; Kotak Analysts Prefer JSW Steel Over Competitors - 12 Jul, 2024

    JSW Group has partnered with MS Ramaiah Institute of Technology and Sharika Smartec to establish a smart grid technology center in Bengaluru. Meanwhile, Kotak analysts recommend investing in Jindal Steel and Power and JSW Steel over competitors due to expected subdued steel margins in the first half of FY25.

  • JSW Group Collaborates with MSRIT and Sharika Smartec for Smart Grid Technologies - 11 Jul, 2024

    JSW Group has signed an MoU with MS Ramaiah Institute of Technology (MSRIT) and Sharika Smartec to establish the JSW Center of Excellence for Smart Grid technologies at the MSRIT campus in Bengaluru. The collaboration aims to convert conventional power systems into flexible ones through innovative solutions, with financial grants from JSW Group and knowledge support from Sharika Smartec.

  • JSW Steel's Crude Steel Production Falls in Q1FY25 - 10 Jul, 2024

    JSW Steel reported a 1% YoY decline and 6% QoQ decrease in consolidated crude steel production for Q1FY25 due to planned maintenance shutdowns. Despite this, the company maintained an 87% capacity utilisation rate at its Indian operations.

  • JSW Steel Reports Lower Crude Steel Production in Q1 FY25 - 09 Jul, 2024

    JSW Steel reported a marginal decline in crude steel production figures for Q1 FY25 due to planned maintenance shutdowns. The company maintained robust capacity utilisation at Indian operations. Jayant Acharya, CEO of JSW Steel, expects government focus on infrastructure spending. JSW Steel plans to invest $1 billion to cut carbon emissions. Ex/record date for JSW Steel final dividend for fiscal 2024 is July 9.

  • JSW Steel Plans Carbon-Neutral Future with Investment - 08 Jul, 2024

    JSW Steel is set to invest $1 billion across its operations to reduce carbon emissions and become net neutral on emissions by 2050. The company aims to cut emissions to 1.95 tonnes of CO2 for every tonne of steel produced by 2030 and achieve net neutrality using green hydrogen and carbon capture, utilization, and storage. Additionally, JSW Steel will receive a shipment of 30,000 metric tons of coking coal from Mongolia.

  • JSW Steel Declares Final Dividend, CEO Speaks at Summit - 06 Jul, 2024

    JSW Steel announces a final dividend of Rs. 7.3 per equity share and participates in the ISA Steel InfraBuild Summit to discuss steel construction practices and advancements.

  • JSW Steel Pilots Cloud-Based Tech for Blast Furnace Operations - 01 Jul, 2024

    JSW Steel partners with JFE Steel to commence a pilot demonstration of cloud-based Cyber-Physical System technology for blast furnace operations. Indian steel players can reduce reliance on Western coal suppliers by leveraging Russia's new trade route via Iran.

  • JSW Steel Invests in Ports Sector, Receives Approval for Amalgamation Scheme - 28 Jun, 2024

    JSW Steel plans to invest Rs 7,000 crore in the ports sector over the next three years. The company has received approval from NCLT for the amalgamation scheme of its four units and has acquired Piombino Steel Limited and Makler. JSW Steel is also set to merge with Southern Iron and Steel Company Ltd (SISCOL). However, the company is not willing to pay an excessive premium for the recently won iron ore mines in Odisha.

  • JSW Steel Targets Expansion with New Plant and Inorganic Growth Opportunities - 27 Jun, 2024

    JSW Steel is seeking permission to acquire land for a new mega steel plant and is targeting a 50 MTPA production capacity by 2030. The JSW Group is also exploring inorganic growth opportunities in the cement sector.

  • JSW Steel Invests in US and Renewable Energy Projects - 26 Jun, 2024

    JSW Steel's subsidiary, JSW Steel USA, plans to invest $110 million in the modernization of its steel plate mill in Baytown, Texas. The company will also produce high-quality monopile steel plates for offshore wind energy projects. MOFSL has picked JSW Steel as one of five stocks with a target price of Rs 1,070 each.

  • JSW Steel Invests in Sustainable Technology - 25 Jun, 2024

    JSW Steel USA, a subsidiary of JSW Steel Ltd., is set to invest $110 million in modernizing its steel plate mill at Baytown, Texas. The investment will enable the production of high-quality monopile steel plates that align with Buy America requirements and support the US administration's goal to expand offshore wind energy. ICICI Securities maintains a positive outlook on the ferrous metals sector, with JSPL and JSW Steel as top picks.

  • JSW Steel Stock Hits Record High Amid Volatility - 19 Jun, 2024

    Shares of JSW Steel hit a record high of Rs 937.20, gaining 1.31%, with a turnover of Rs 3.23 crore on BSE. The stock has gained 5% this year and clocked 19.37% returns in a year. Motilal Oswal has set a price target of Rs 1070 for the metal stock.

  • JSW Steel Poised for Growth Amid Capacity Expansion Plans - 18 Jun, 2024

    JSW Steel's capacity will increase to 43.5mtpa by September 2027. Sales volume target for FY25 is 27mt. JSW MG Motor India plans public listing in three years.

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

    Price Rise

    img

    In the last 3 years, JSWSTEEL stock has moved up by 33.8%

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 42.13K Cr → 46.51K Cr (in ₹), with an average increase of 9.4% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 2.85% to 3.19% in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Bharat Forge Ltd has given 89.9% return, outperforming this stock by 71.8%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Jindal Steel & Power Ltd has given 156.7% return, outperforming this stock by 122.9%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 44.81% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 11.33% to 11.06% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 18.47% to 18.44% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 2.76K Cr → 1.29K Cr (in ₹), with an average decrease of 29.4% per quarter

News

How the Ministry of Coal is Promoting Circular Economy & Startups?

Explore how India's coal sector navigates towards sustainability amidst global environmental challenges. Role of startups in circular economy. TICE TV

18 Jul, 2024 09:05 AM

Analysts recommend buying Apollo Tyres, Coal India, Godrej Properties, Manappuram, Marico and IGL

On Thursday, market tech analysts Mitessh Thakkar, Sacchitanand Uttekar, and F&O analyst Chandan Taparia recommended these stocks for the short term.

18 Jul, 2024 10:12 AM

Q1 Results 2024 Live Updates: Infosys, Tata Technologies, JSW Infra, Havells India, and 26 more companies to announce earnings today

Q1 Earning Results 2024 Live Updates: Investors will be watching the performance of players like Infosys, Tata Technologies, L&T Tech, Havells India, Persis... Read more

18 Jul, 2024 10:48 AM
View More

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹45,646.00Cr
↑10.42%
Net Income
₹1,322.00Cr
↓46.04%
Net Profit Margin
2.90%
↓51.10%
2024Y/Y Change
Revenue
₹1,75,006.00Cr
↑5.45%
Net Income
₹8,973.00Cr
↑116.79%
Net Profit Margin
5.13%
↑106.02%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹1,87,133.00Cr
↑6.39%
Total Liabilities
₹1,11,850.00Cr
↓0.34%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹5,449.00Cr
↓73.35%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
44.81%
0.00
Foreign Institutions
11.06%
0.00
Mutual Funds
3.19%
0.00
Retail Investors
18.44%
0.00
Others
22.5%
0.00

Key Indicators

JSW Steel Ltd Valuation

JSW Steel Ltd in the last 5 years

  • Overview

  • Trends

Lowest (6.15x)

May 25, 2022

Today (25.70x)

July 16, 2024

Industry (29.59x)

July 16, 2024

Highest (63.07x)

December 28, 2020

LowHigh

Earnings and Dividends

  • JSW Steel Ltd Earnings Results

    JSW Steel Ltd’s net profit fell -64.55% since last year same period to ₹1,299Cr in the Q4 2023-2024. On a quarterly growth basis, JSW Steel Ltd has generated -46.21% 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 1.15%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

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

Frequently Asked Questions

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JSW Steel Ltd (JSWSTEEL) share price today is ₹931.45

JSW Steel Ltd is listed on NSE

JSW Steel Ltd is listed on BSE

  • Today’s highest price of JSW Steel Ltd is ₹935.35.
  • Today’s lowest price of JSW Steel Ltd is ₹921.35.

PE Ratio of JSW Steel Ltd is 25.7

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 18.12L.

Today’s market capitalisation of JSW Steel Ltd(JSWSTEEL) is ₹228490.99Cr.

JSW Steel Ltd(JSWSTEELPrice
52 Week High
₹959.4
52 Week Low
₹723

JSW Steel Ltd(JSWSTEEL) share price is ₹931.45. It is down -2.91% from its 52 Week High price of ₹959.4

JSW Steel Ltd(JSWSTEEL) share price is ₹931.45. It is up 28.83% from its 52 Week Low price of ₹723

JSW Steel Ltd(JSWSTEELReturns
1 Day Returns
-2.9%
1 Month Returns
0.97%
3 Month Returns
10.6%
1 Year Returns
18.14%