JSW Steel Limited
₹1,245.00-₹6.20 (-0.5%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹2,88,294 Cr
- P/E
- 38.0x
- EV / EBITDA
- 14.2x
- Revenue
- ₹1,27,702 Cr
- Net margin
- 5.9%
- ROCE
- 16.2%
Price chart
Technical chartScreen technicals →+2.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -0.8%
- 3M
- -2.0%
- 6M
- -1.5%
- 1Y
- +2.9%
- 5Y
- +83.5%
52-week range
Day change -₹6.20 (-0.5%) from ₹1,251 to ₹1,245 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in JSWSTEEL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 16.0%
Concerns1
- Net profit declined 27.4% year-over-year
Rule-based from financial data. Not advice.
About the company
JSW Steel Limited manufactures and sells iron and steel products in India and internationally.
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JSW Steel Limited manufactures and sells iron and steel products in India and internationally. The company offers color coated steel products, color-coated roofing sheets, galvalume coil and sheets, aluminum-zinc sheets, galvanized corrugated sheets, tin plate products, lead-free coils and sheets, Al-Zn-Mg coated galvanized steel, multi-utility steel sheets, hot rolled and cold-rolled coils, cold rolled close annealed, electrical, coated steel products, TMT bars, wire rods, alloy steel products, and steel doors under the JSW Silveron+, JSW Radiance, JSW Everglow, JSW Colouron+, JSW Pragati+, JSW Vishwas, JSW Vishwas+, JSW Galvos, JSW Galveco, JSW Platina, JSW Neosteel, JSW Trusteel, JSW Avante, and JSW Magsure brands. It also trades in steel and allied products, and iron ore products; logistic infrastructure, real estate, and mining; and manufactures paints, forged steel ball, slabs, plates, pipes, and double jointing. In addition, the company engages in the production of gaseous and liquid form of oxygen, nitrogen, argon, and other products recoverable from separation of air; scrap shredding; management of logistic infrastructure of piombinos port area; and operation of coke oven and pellet plant, and steel plants. Its products are used in automotive, general engineering, machinery, projects, and construction sectors. The company was formerly known as Jindal Vijayanagar Steel Limited and changed its name to JSW Steel Limited in June 2005. JSW Steel Limited was founded in 1982 and is headquartered in Mumbai, India.
- Sector
- Materials
- Shares outstanding
- 245 Cr shares
- ISIN
- INE019A01038
- BSE code
- 500228
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹2,88,294 Cr
- P/E
- 38.0x
- P/B
- 3.5x
- EV / EBITDA
- 14.2x
- EV / Sales
- 2.5x
- P/S
- 2.1x
- Earnings yield
- 2.6%
- 52-week high
- ₹1,338.70
- 52-week low
- ₹1,079.40
Profitability
- Operating margin
- 16.3%
- Net margin
- 5.9%
- EBITDA margin
- 17.5%
- ROE
- 10.7%
- ROCE
- 16.2%
- ROA
- 4.3%
- Dividend payout
- 28.0%
- Tax rate
- 34.0%
- Other income, % of PBT
- 13.1%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,27,702 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -5.5%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.0%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹23,645 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 39.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -27.4%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.7%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹5,449 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -73.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹4,642 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.3%
Solvency and efficiency
- Current ratio
- 1.94
- Debt / Equity
- 0.81
- Debt / Assets
- 0.33
- Debt / EBITDA
- 2.59
- Interest coverage
- 3.61
- Financial leverage
- 2.46
- CFO / Net profit
- 0.68
- Cash / Market cap
- 22.5%
- Cash per share
- ₹265.00
- Asset turnover
- 0.73
- Fixed asset turnover
- 1.70
- Capital intensity
- 0.59
- Debtor days
- 18 days
- Inventory turnover
- 3.04
- Cash conversion cycle
- -3 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹5 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1.1 L Cr |
| Sales | Operating profit | ₹18,519 Cr |
| Operating profit | Interest | ₹6,486 Cr |
| Operating profit | Depreciation | ₹5,913 Cr |
| Operating profit | Profit before tax | ₹6,120 Cr |
| Other income | Profit before tax | ₹423 Cr |
| Profit before tax | Tax and other | ₹706 Cr |
| Profit before tax | Net profit | ₹5,837 Cr |
Revenue and net profit
Revenue fell 5.5% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹70,727 Cr | ₹8,393 Cr |
| FY2022 | ₹1.2 L Cr | ₹16,702 Cr |
| FY2023 | ₹1.3 L Cr | ₹4,937 Cr |
| FY2024 | ₹1.4 L Cr | ₹8,041 Cr |
| FY2025 | ₹1.3 L Cr | ₹5,837 Cr |
Cash flows
FY2025: ₹16,891 Cr from operations, ₹6,912 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹17,733 Cr | ₹15,124 Cr |
| FY2022 | ₹23,335 Cr | ₹5,683 Cr |
| FY2023 | ₹20,444 Cr | ₹13,083 Cr |
| FY2024 | ₹5,449 Cr | -₹3,238 Cr |
| FY2025 | ₹16,891 Cr | ₹6,912 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1.3 L Cr-5.5%1Y
- Net profit
- ₹5,837 Cr-27.4%1Y
- Cash from operations
- ₹16,891 Cr
- Free cash flow
- ₹6,912 Cr
- Revenue CAGR, 5Y
- 16.0%
- EBITDA CAGR, 5Y
- 14.8%
- Net profit CAGR, 5Y
- 8.7%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1.3 L Cr | ₹18,519 Cr | — | ₹5,837 Cr | ₹16,891 Cr | ₹6,912 Cr | 7.3% | -5.5% | -27.4% |
Monthly returns
Month-by-month returns of JSWSTEEL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1.9 L Cr |
| Equity capital | ₹305 Cr |
| Reserves | ₹79,534 Cr |
| Borrowings | ₹68,370 Cr |
| Other liabilities | ₹44,052 Cr |
| Assets | ₹1.9 L Cr |
| Fixed assets | ₹78,509 Cr |
| Capital work in progress | ₹10,915 Cr |
| Investments | ₹39,339 Cr |
| Other assets | ₹63,498 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
JSWSTEEL trades at 38.0x earnings against a peer median of 35.5x.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| JSW Steel LimitedJSWSTEELthis company | ₹2.9 L Cr | 38.0x | 3.5x | 10.7% | 14.2x |
| UltraTech Cement LtdULTRACEMCO | ₹3.5 L Cr | 48.6x | 5.0x | 11.7% | 27.2x |
| Asian Paints Ltd.ASIANPAINT | ₹2.8 L Cr | 69.6x | 14.5x | 29.1% | 35.0x |
| Hindustan Zinc Ltd.HINDZINC | ₹2.7 L Cr | 25.5x | 19.6x | 51.1% | 18.6x |
| Coal India LimitedCOALINDIA | ₹2.6 L Cr | 12.4x | 13.2x | 91.0% | 16.3x |
| Vedanta LimitedVEDL | ₹2.5 L Cr | 26.5x | 3.4x | 10.1% | 12.8x |
| TATA STEEL LIMITEDTATASTEEL | ₹2.3 L Cr | 14.6x | 1.7x | 11.1% | 8.8x |
| Hindalco Industries Ltd.HINDALCO | ₹2.1 L Cr | 29.4x | 2.9x | 5.8% | 25.9x |
| Pidilite Industries Ltd.PIDILITIND | ₹1.5 L Cr | 68.4x | 16.2x | 21.6% | 55.9x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
JSWSTEEL since 1 January, against earlier years.
Historical volatility
JSWSTEEL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 27.0% |
| FY2022 | 27.0% |
| FY2023 | 12.0% |
| FY2024 | 16.0% |
| FY2025 | 14.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1.3 L Cr |
| Costs | |
| Interest | ₹6,486 Cr |
| Expenses | ₹1.1 L Cr |
| Operating profitOperating Profit | ₹18,519 Cr |
| Other income and charges | |
| Profit before tax | ₹6,543 Cr |
| Tax | |
| Net profitNet Profit | ₹5,837 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1.9 L Cr |
| Equity capitalEquity Capital | ₹305 Cr |
| Reserves | ₹79,534 Cr |
| Borrowings | ₹68,370 Cr |
| Other liabilitiesOther Liabilities | ₹44,052 Cr |
| AssetsTotal Assets | ₹1.9 L Cr |
| Fixed assetsFixed Assets | ₹78,509 Cr |
| Capital work in progressCWIP | ₹10,915 Cr |
| Investments | ₹39,339 Cr |
| Other assetsOther Assets | ₹63,498 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹16,891 Cr |
| Investing cash flowCash from Investing Activity | -₹9,979 Cr |
| Financing cash flowCash from Financing Activity | -₹2,270 Cr |
| Change in cashNet Cash Flow | ₹4,642 Cr |
Learn while you research
Academy chapters picked for JSW Steel Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 38.0, learn when high multiples are justified.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read