Price To Earnings Ratio 25.16 | Sector PE 22.16 |
PB Ratio 2.87 | Sector PB 5.46 |
EPS 36.11 | Dividend Yield 0.88 |
Today's Volume 2.129 M | 5 Day Avg. Volume 7.782 M |
PEG Ratio 0.23 | Market Cap. ₹ 2,20,000.00 Cr. |
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.
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:
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.
Pros
Cons
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.
Here’s a concise summary of JSW Steel Ltd.'s shareholding pattern as of March 2024, reflecting JSW Steel's share price history:
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% |