JSW Steel
JSWSTEEL
Quick Bite
Price To Earnings Ratio 26.67 | Sector PE 21.03 |
PB Ratio 3.05 | Sector PB 5.16 |
EPS 36.11 | Dividend Yield 0.88 |
Today's Volume 1.756 M | 5 Day Avg. Volume 1.341 M |
PEG Ratio 0.24 | Market Cap. ₹ 2,30,000.00 Cr. |
Returns Comparison
| Time | JSWSTEEL | VS | Industry |
|---|---|---|---|
| 1 Day | 3.71% | 0.6% | |
| 1 Week | 4.2% | 1.67% | |
| 1 Month | 2.38% | -0.29% | |
| 6 Months | 1.94% | -17.71% | |
| 1 Year | 28.93% | 8.96% |
Technical Trend
Pivot Levels
Moving Averages
| Period (Days) | SMA | Indication |
|---|---|---|
| 10 | 961.61 | Bullish |
| 20 | 964.82 | Bearish |
| 30 | 973.01 | Bearish |
| 50 | 979.05 | Bearish |
| 100 | 950.11 | Bullish |
| 200 | 905.63 | Bullish |
Shareholding Updates
Cash Flow
| Annual | FY 2024 | FY 2023 | FY 2022 | ||||
|---|---|---|---|---|---|---|---|
| Operating Activities | 12078.00 | 23323.00 | 26270.00 | ||||
| Investing Activities | -14638.00 | -10711.00 | -15987.00 | ||||
| Financing Activities | -5005.00 | -5977.00 | -14657.00 | ||||
| Net Cash Flow | -7565.00 | 6635.00 | -4374.00 |
All Figures in ₹ Cr., unless mentioned otherwise
Ratios
Income Statement
Balance Sheet
Peer Comparison
| Name | 1D (%) | 1W (%) | 1M (%) | 6M (%) | 1Y (%) |
|---|---|---|---|---|---|
| JSW Steel | 3.71 | 4.2 | 2.38 | 1.94 | 28.93 |
| APL Apollo Tubes | -1.1 | -5.22 | -7.44 | -19.83 | -18.57 |
| Jindal Saw | -1.37 | 2.46 | -10.14 | -53.25 | -46.02 |
| Jindal Stainless | 2.66 | -2.57 | 6.18 | -17.22 | 33.61 |
| Jindal Steel & Power | 0.43 | 2.65 | -2.6 | -27.71 | 36.83 |
About JSW Steel
JSW Steel Share Price
JSW Steel Ltd. stock valuation and fundamental analysis
For over a century, iron and steel have been the backbone of India's economy, stabilizing it post-independence and enhancing its global industrial presence. Today, India ranks among the world's top steel producers. Key industry players, such as JSW Steel Ltd., have been pivotal in this growth narrative.
With JSW Steel’s share price today reaching Rs. 938, the company stands as one of India's largest private enterprises and a significant supporter of the "Make in India" initiative. In this article, we will explore the fundamental features of the pioneering company, from JSW Steel’s share price history to JSW Steel’s share price forecast.
About JSW Steel Ltd.
JSW Steel Ltd. is one of India's leading steel producers, founded in 1982 as Jindal Iron and Steel Company. The company's first steel plant was established in Vasind, near Mumbai, Maharashtra. SW Steel is well-known for its high-quality products, with JSW Neosteel TMT bars being one of its most popular offerings impacting JSW Steel’s share price majorly. It is led by Mr. Sajjan Jindal, the chairman and managing director.
JSW Steel has a strategic partnership with the Japanese steel company JFE Steel, which gives it access to the latest technological advancements. In 2024, JSW Steel’s revenue was Rs. 176,010 crores. The company focuses on sustainable growth, balancing the use of natural resources with social development in its business decisions.
It is the only Indian company to be ranked among the top 15 global steel producers by World Steel Dynamics for 13 consecutive years since 2008, positively impacting JSW Steel’s share price forecast.
The company has a steel production capacity of 29.7 million tonnes per annum (MTPA) in India and the USA and aims to increase this capacity to 38.5 MTPA by the fiscal year 2025. JSW Steel operates 14 manufacturing facilities in India and owns 13 iron ore mines, ensuring a steady supply of raw materials for its production processes.
JSW Steel's share price chart is influenced by its service to a diverse range of sectors, including:
- Automotive
- Solar
- Agriculture
- Railway
- Aerospace
- Construction
Is the steel industry a good investment for investors?
The steel industry in India has become a promising investment due to the country's growing economy and infrastructure development. Metal stocks have seen significant growth, driven by high demand for materials like steel and aluminum. The sector is anticipated to create a steel demand of 230 million tonnes by FY 2031.
The Indian Railways' proposal to spend Rs. 2 lakh crore annually until FY24 to upgrade its infrastructure presents a significant opportunity for the steel sector. Additionally, the Housing for All by 2022 scheme plans to construct 10 to 12 million urban houses and 29.5 million rural units, potentially generating a steel demand of 50-60 MT. These developments are likely to impact the JSW Steel share price positively.
JSW Steel has benefited from this environment, with its share prices rising. Over the past 5 years, JSW Steel's share price history seems impressive with returns of 127% for their shareholders.
Competitors of JSW Steel Ltd. in the steel industry
History of JSW Steel Ltd.
- Incorporation: JSW Steel Ltd. began its journey in 1982 when the Jindal Group established its first steel plant at Vasind near Mumbai. That same year, they acquired Piramal Steel Limited, later renamed Jindal Iron and Steel Company (JISCO), marking their entry into the steel industry.
- Integrated Steel Production: In 1994, JSW Steel was incorporated on March 15, focusing on integrated steel production. The company started setting up an integrated steel plant at Toranagallu in Bellary, Karnataka, an area rich in iron ore reserves, with a capacity of 1.25 million tonnes per annum (TPA) of hot rolled coils.
- Major Merger: In 2005, a significant restructuring took place when JISCO and Jindal Vijayanagar Steel Ltd (JVSL) merged to form JSW Steel Ltd., consolidating the company's position in the steel market and increasing JSW Steel’s share price.
- Product Range: JSW Steel's product range includes hot rolled, cold rolled, colour coated products, galvanised, galvalume, Avante doors, TMT bars, and wire rods, catering to diverse industrial and construction needs.
- Certifications: JSW Steel holds certifications for quality (ISO 9001:2015/AS 9100:2016), safety (ISO 45001:2018), environmental management (ISO 14001:2015), and energy management (ISO 50001:2018).
- Awards and recognitions: JSW Steel received the World Steel Association's Sustainability Champion award for five consecutive years with the most recent being in 2023. They also won the Global Innovation Award in 2019 and the ECO Innovation Award in 2013.
Company profile of JSW Steel Ltd.
Pros
- Low Conversion Costs: JSW Steel maintains one of the lowest conversion costs in India and globally, enhancing its cost competitiveness.
- Strong Domestic Iron Ore Linkage: JSW Steel operates 13 operational captive iron ore mines, ensuring a steady supply of raw materials. These include 9 mines in Karnataka and 4 in Odisha.
- Strong Margins: JSW Steel's share price today enjoys strong margins due to its downstream capacities that enable the production of value-added and speciality products, bolstering profitability.
- JSW Steel share price target: Analysts believe JSW Steel is well-positioned to benefit from rising demand, aiming to reach 40-45 million tonnes per annum by fiscal year 2030 and lead in commissioning extra capacity. They project a JSW Steel price target of around Rs. 922.54 with a maximum of Rs. 1140.00.
Cons
- Economic Conditions: JSW Steel's share price performance is susceptible to economic downturns, which can reduce demand for its products and impact revenues.
- Regulatory Challenges: Operating in a highly regulated sector, JSW Steel faces challenges related to compliance with environmental regulations, government policies, and stringent compliance requirements.
- Market Volatility: Fluctuations in commodity prices, currency exchange rates, and other market factors pose risks to JSW Steel's profitability and financial stability.
The finances and JSW Steel’s share price forecast
|
Metric |
Value |
|---|---|
|
Rs. 2,23,979 Cr |
|
|
JSW Steel Share Price |
Rs. 916 |
|
EBITDA |
Rs. 29,068 Cr |
|
13.2 % |
|
|
11.34% |
|
|
Rs. 1.00 |
|
|
Book Value |
Rs. 318 |
JSW Steel’s share price target for 2025 is set at Rs. 1140.00, compared to JSW Steel's share price today which is around Rs. 916/share.
Shareholding pattern of JSW Steel Ltd.
Here’s a concise summary of JSW Steel Ltd.'s shareholding pattern as of March 2024, reflecting JSW Steel's share price history:
- Promoters: Hold 44.81%
- Foreign Institutional Investors (FII): Hold 26.06%
- Mutual Funds (MF): Hold 3.19%
- Public: Hold 18.44%
- Others: Hold 7.5%
Peer multiple comparison
When analysing JSW Steel's share price history relative to its peers, it's essential to consider the following metrics.
|
Company |
P/B Ratio |
||
|---|---|---|---|
|
JSW Steel Ltd |
25.45 |
2.81 |
0.80 % |
|
Tata Steel Ltd. |
-51.27 |
2.46 |
1.98% |
|
Jindal Steel & Power Ltd |
17.65 |
2.34 |
0.19 % |
|
Steel Authority of India (SAIL) Ltd. |
20.34 |
1.09 |
1.32 % |
|
KIOCL Ltd. |
-312.41 |
13.57 |
0.00% |
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