JSWSTEELMetals & Mining

JSW Steel Limited

Iron & Steel · ISIN INE019A01038 · BSE 500228 · NSE EQ · FV ₹1
Last price
₹1,253
+0.36%today
What this company does

JSW Steel Limited operates in Iron & Steel, part of the Metals & Mining sector. It booked ₹47,364 cr of revenue in its latest quarter (Q1 FY27) and kept 9.8% of sales as profit. It is the largest of 9 Iron & Steel companies we track, by market value.

40out of 100
Equitytale Health Score
Strained

Healthier than 40% of companies in Metals & Mining, on all six measures of filed financials. Each measure is ranked against the 7–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns46

How much profit it earns on the money it employs

Balance sheet22

How much it owes, and whether earnings cover the interest

Cash quality64

Whether reported profit actually arrives as cash

Growth & consistency55

Whether sales and profit have grown, and how steadily

Valuation9

What today's price implies, against our models or its peers

Governance & risk50

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 10% vs last year
Profit up 113% vs last year
Promoters hold 44%
Strong 19% return on equity
Turns profit into real cash
Watch-outs
! 11.6% of promoter stake pledged

What if I invest in JSWSTEEL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,253 +0.36%
latest close · 2026-09-17
1-year return
+86.5%
52-wk low ₹52052-wk high ₹1,351
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio16.4Average
LowAverageHigh
P/B ratio3.06High
Below bookModerateHigh
EV / EBITDA9.0Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity18.6%Strong
WeakFairStrong ▸15%
Return on capital15.9%Strong
WeakFairStrong
Net margin9.8%Decent
ThinDecentStrong
EBITDA margin21.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.91Moderate
LowModerateHigh ▸1
Interest cover4.7×Okay
RiskyOkayStrong ▸5×
Current ratio1.49Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹3.06 L cr
Book value
₹410
EPS
₹19.05
latest quarter
Net debt
₹56,276 cr
owes more than its cash
Enterprise value
₹3.62 L cr
EBITDA
₹40,428 cr
annualised
EBIT
₹31,880 cr
annualised
Operating margin
16.8%
Return on assets
6.9%
Earnings yield
6.08%
P/S
1.61
Sales / share
₹776.5
Tax rate
23.4%
Face value
₹1
Shares
244.0 cr
Working capital
₹33,984 cr
Current assets
₹1.03 L cr
Current liabilities
₹69,370 cr
Delivery %
54.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹587 vs market price ₹1,253 — price is 113% above it
Safety cushion-113.4%(target ≥ +20%)
Models span ₹546₹629, midpoint ₹587
Model ₹587
Price ₹1,253
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹47,364 cr
Other Income₹724 cr
Total Income₹48,088 cr
Cost of Materials₹24,586 cr
Purchases of Stock-in-Trade₹1,814 cr
Inventory Change (±)₹-2,285 cr
Employee Benefit Expense₹1,306 cr
Finance Costs₹1,712 cr
Depreciation & Amortisation₹2,137 cr
Other Expenses₹12,560 cr
Total Expenses₹41,830 cr
Profit before Tax₹6,258 cr
Tax Expense₹1,464 cr
Share of JV / Associates₹-98 cr
Net Profit₹4,696 cr
Net margin on total income9.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹24,115 cr50.3%
Employee benefit expense₹1,306 cr2.7%
Finance costs₹1,712 cr3.6%
Depreciation & amortisation₹2,137 cr4.5%
Other expenses₹12,560 cr26.2%
Tax expense₹1,464 cr3.1%
Profit for the period₹4,696 cr9.8%
Total income ₹48,088 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue45,991 cr51,180 cr47,364 cr
Total income46,264 cr51,521 cr48,088 cr
Expenses44,161 cr46,862 cr41,830 cr
Profit before tax1,574 cr22,547 cr6,258 cr
Tax-953 cr3,134 cr1,464 cr
Net profit (owners' share)2,139 cr16,370 cr4,651 cr
Net margin (owners' share, on revenue)4.7%32.0%9.8%
EPS (₹)8.7667.0719.05
YoY (latest quarter): total income +10.6% · net profit +113.0%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹2.70 L cr
Shareholder equity
₹1.00 L cr
parent shareholders
Total debt
₹95,532 cr
Cash
₹39,256 cr
Cash flow · H1 FY26
Operating
₹11,992 cr
Investing
₹-7,937 cr
Financing
₹-5,598 cr
Peer comparison
Iron & Steel · by market value
CompanyPriceMarket capP/E
JSW Steel Limitedthis company₹1,253₹3.06 L cr16.4
Tata Steel Limited₹187₹2.34 L cr25.2
JINDAL STEEL LIMITED₹1,128₹1.15 L cr34.0
Steel Authority of India Limited₹175₹72,288 cr11.0
Jindal Stainless Limited₹724₹59,702 cr19.4
Sarda Energy & Minerals Limited₹507₹17,865 cr9.7
Vedanta Iron and Steel Limited₹32₹12,442 cr27.4
NMDC Steel Limited₹42₹12,203 cr54.8
Sandur Manganese & Iron Ores Limited₹183₹8,873 cr9.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.57%
trailing 12 months
Dividend / share (TTM)
₹7.1
Last dividend
₹7.1
ex 7 Jul 2026
ActionDetailEx-date
Dividend₹7.1 / share7 Jul 2026
Dividend₹2.8 / share8 Jul 2025
Dividend₹7.3 / share9 Jul 2024
Dividend₹3.4 / share11 Jul 2023
Dividend₹17.35 / share4 Jul 2022
Dividend₹6.5 / share5 Jul 2021
Who owns it · 2026-06-30
11.6% pledged
Promoter
44.3%
FII / Foreign
25.9%
DII / Domestic
11.5%
Retail / others
18.1%
Promoter stake down 0.5% over the last 12 quarters.
Smart-money activity
Insider trades
SoldJSW Steel Employees Welfare Trust – JSWSL OPJ Samruddhi Plan 2021 A/c · Other11,801 · ₹11,80115 Sep 26
SoldJSW Steel Employees Welfare Trust – JSWSL OPJ Samruddhi Plan 2021 A/c · Other1,361 · ₹16.9 L15 Sep 26
SoldJSW Steel Employees Welfare Trust – OPJ ESOP Plan 2021 A/c · Other2,525 · ₹31.3 L15 Sep 26
Bulk / block deals
short · NSE37516 Sep 26
short · NSE101 Sep 26
short · NSE7527 Aug 26
Stake changes
SoldJSW Energy Limited · promoter→ 1.84% · 2.50 cr18 May 26
SoldLife Insurance Corporation of India→ 5.00% · 4.71 cr24 Apr 26
SoldArti Jindal · promoter→ 0.00% · 3.12 L12 Sep 23
Promoter pledges
ReleasedLender: Deutsche Bank AG, SIngapore Branch Trustee: N.A.35.00 L · 0.66% held7 Jul 26
ReleasedDebenture Trustee: Axis Trustee Servicces Ltd acting on behalf of NCD Holder i.e Standard Chartered bank (Mauritius) Limited72.50 L · 0.91% held24 Mar 25
PledgedLender: The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch Name in favour shares encumbered: Axis Trustee Services Ltd70.00 L · 1.32% held9 Aug 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Court Convened Meeting · 21 Aug 2026
See the official result
1
To approve the Scheme of Amalgamation of Piombino Steel Limited with JSW Steel Limited and their respective shareholders under Section 230 to 232 and other applicable provisions of the Companies Act, 2013
Promoters had a personal stake in this
Backed by 97% of shareholders other than promotersneeded 75%
106.75 cr votes for, 3.08 cr against · 6% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 52 named members
owning 44.2% between them · as of 2026-06-30
JSW TECHNO PROJECTS MANAGEMENT LTD10.82%
JSW HOLDINGS LIMITED7.42%
VIVIDH FINVEST PRIVATE LIMITED5.86%
SAHYOG HOLDINGS PRIVATE LIMITED4.58%
SIDDESHWARI TRADEX PRIVATE LIMITED3.46%
JTPM METAL TRADERS LIMITED3.40%
VIRTUOUS TRADECORP PRIVATE LIMITED2.47%
NALWA SONS INVESTMENTS LTD1.86%
Business done with them
FY2026 · 3 of the group
The company paid ₹2,495 cr to companies in the promoter group last year — about 1.4% of its ₹1.85 L cr revenue and received ₹67 cr back from them.
JSW ENERGY LIMITED
Bought goods from them · Purchase of Goods / Power & fuel / Services, Recovery of expenses incurred by us on their behalf, Other income/ Interest income/ Dividend Income, Security deposits given/(received back), Reimbursement of Expenses incurred on our behalf by
also owns 1.84% of the company
₹1,926 cr
company paid
JSW TECHNO PROJECTS MANAGEMENT LIMITED
Other payments to them · Lease interest cost, Lease liabilities
also owns 10.82% of the company
₹336 cr
company paid
SOUTH-WEST MINING LIMITED
Bought property or assets from them · Purchase of assets
₹233 cr
company paid
JSW ENERGY LIMITED
Other income from them · Purchase of Goods / Power & fuel / Services, Recovery of expenses incurred by us on their behalf, Other income/ Interest income/ Dividend Income, Security deposits given/(received back), Reimbursement of Expenses incurred on our behalf by
also owns 1.84% of the company
₹60 cr
company received
JSW ENERGY LIMITED
Transfers Under Finance Agreements From Entity · Purchase of Goods / Power & fuel / Services, Recovery of expenses incurred by us on their behalf, Other income/ Interest income/ Dividend Income, Security deposits given/(received back), Reimbursement of Expenses incurred on our behalf by
also owns 1.84% of the company
₹7 cr
company received

The company also transacted with 18 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.