BSE: 500228 | NSE: JSWSTEEL | Steel & Iron Products | Large Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that JSW Steel Ltd is a good quality company.
The key valuation ratios of JSW Steel Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of JSW Steel Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.7% | -3.7% | 14.8% | 16.8% | 21.7% | 9.9% | 16.8% | 26.9% | 10.3% | 14.4% | - |
| Value Creation Index ⓘ | 0.0 | -1.3 | 0.3 | 0.5 | 0.9 | -0.1 | 0.5 | 1.4 | -0.1 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 46,087 | 36,707 | 52,290 | 66,464 | 77,187 | 64,262 | 70,727 | 1,18,820 | 1,31,687 | 1,35,180 | 1,30,325 |
| Sales YoY Gr. | - | -20.4% | 42.5% | 27.1% | 16.1% | -16.8% | 10.1% | 68% | 10.8% | 2.7% | - |
| Adj EPS ⓘ | 11 | 4.3 | 32 | 20.6 | 35.3 | 28 | 36 | 70.7 | 25.2 | 34.2 | 24.2 |
| YoY Gr. | - | -61.2% | 652.2% | -35.7% | 71.6% | -20.8% | 28.9% | 96.3% | -64.3% | 35.5% | - |
| BVPS (₹) ⓘ | 102 | 84.8 | 100.1 | 115.4 | 144.8 | 159.1 | 194.2 | 263.3 | 263.3 | 306.5 | 319.8 |
| Adj Net Profit ⓘ | 2,648 | 1,020 | 7,682 | 4,947 | 8,473 | 6,712 | 8,665 | 16,969 | 6,062 | 8,323 | 5,928 |
| Cash Flow from Ops. ⓘ | 8,466 | 5,669 | 8,561 | 12,174 | 15,578 | 14,110 | 17,557 | 23,335 | 20,444 | 5,449 | - |
| Debt/CF from Ops. ⓘ | 3.3 | 6.3 | 4.5 | 3 | 2.8 | 3.6 | 2.9 | 2.2 | 2.7 | 10.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 12.7% | 11.9% | 24.1% | 2.7% | ||||
| Adj EPS ⓘ | 13.5% | -0.6% | -1.8% | 35.5% | ||||
| BVPSⓘ | 13% | 16.2% | 16.4% | 16.4% | ||||
| Share Price | 24% | 28.3% | 11.6% | 7.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 10.6 | 4.4 | 34.5 | 19 | 27 | 18.3 | 20.3 | 30.7 | 9.5 | 12 | 7.7 |
| Op. Profit Mgn % ⓘ | 19.8 | 17.9 | 23.3 | 21 | 24.7 | 20.1 | 27.2 | 26.8 | 12.7 | 16.5 | 14.7 |
| Net Profit Mgn % ⓘ | 5.8 | 2.8 | 14.7 | 7.4 | 11 | 10.4 | 12.3 | 14.3 | 4.6 | 6.2 | 4.6 |
| Debt to Equity ⓘ | 1.1 | 1.8 | 1.6 | 1.3 | 1.3 | 1.3 | 1.1 | 0.8 | 0.9 | 0.8 | 0.7 |
| Working Cap Days ⓘ | 151 | 165 | 116 | 131 | 144 | 182 | 150 | 112 | 124 | 136 | 59 |
| Cash Conv. Cycle ⓘ | 41 | 51 | 45 | 45 | 46 | 54 | 35 | 33 | 42 | 39 | -5 |
Sales growth is growing at healthy rate in last 3 years 24.10%
Debt to equity has declined versus last 3 years average to 0.79
Return on Equity has declined versus last 3 years average to 7.70%
Net Profit has been subdued in last 3 years -1.75%
Sales growth is not so good in last 4 quarters at -1.82%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 24.2 | 20.4 |
| TTM Sales (₹ Cr.) | 1,30,325 | 1,68,424 |
| BVPS (₹.) ⓘ | 319.8 | 325.5 |
| Reserves (₹ Cr.) ⓘ | 77,035 | 79,361 |
| P/BV ⓘ | 2.87 | 2.82 |
| PE ⓘ | 37.89 | 44.94 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 762.00 / 1063.35 |
| All Time Low / High (₹) | 0.18 / 1063.35 |
| Market Cap (₹ Cr.) | 2,24,603 |
| Equity (₹ Cr.) | 244.6 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 22.2 |
| Pledged * | 16.79 | 15.21 | 17.57 | 16.35 | 15.03 | 14.12 | 14.80 | 15.24 | 15.16 | 14.34 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 46,087 | 36,707 | 52,290 | 66,464 | 77,187 | 64,262 | 70,727 | 1,18,820 | 1,31,687 | 1,35,180 |
| Operating Expenses ⓘ | 37,362 | 30,792 | 45,990 | 52,723 | 58,675 | 52,071 | 51,509 | 87,384 | 1,16,531 | 1,13,200 |
| Manufacturing Costs | 9,158 | 8,133 | 10,318 | 12,526 | 15,962 | 14,303 | 20,246 | 34,519 | 35,060 | 37,169 |
| Material Costs | 26,064 | 20,000 | 27,955 | 37,470 | 39,498 | 33,466 | 28,070 | 48,579 | 75,694 | 70,964 |
| Employee Cost | 947 | 953 | 1,168 | 1,260 | 1,435 | 1,496 | 1,501 | 1,870 | 1,975 | 2,357 |
| Other Costs ⓘ | 1,193 | 1,706 | 6,549 | 1,467 | 1,780 | 2,806 | 1,692 | 2,416 | 3,802 | 2,710 |
| Operating Profit ⓘ | 8,725 | 5,915 | 6,300 | 13,741 | 18,512 | 12,191 | 19,218 | 31,436 | 15,156 | 21,980 |
| Operating Profit Margin (%) | 18.9% | 16.1% | 12.0% | 20.7% | 24.0% | 19.0% | 27.2% | 26.5% | 11.5% | 16.3% |
| Other Income ⓘ | 613 | 772 | 5,499 | 213 | 405 | 954 | 710 | 2,361 | 1,787 | 1,704 |
| Interest ⓘ | 2,909 | 3,219 | 3,643 | 3,591 | 3,789 | 4,022 | 3,565 | 3,849 | 5,023 | 6,108 |
| Depreciation ⓘ | 2,785 | 2,847 | 3,025 | 3,054 | 3,421 | 3,522 | 3,781 | 4,511 | 4,952 | 5,435 |
| Exceptional Items ⓘ | -396 | -5,860 | 0 | -234 | 0 | -1,309 | -386 | -722 | 0 | -39 |
| Profit Before Tax ⓘ | 3,249 | -5,239 | 5,131 | 7,075 | 11,707 | 4,292 | 12,196 | 24,715 | 6,968 | 12,102 |
| Tax ⓘ | 1,082 | -1,710 | 1,554 | 2,450 | 3,586 | -999 | 3,803 | 8,013 | 2,031 | 4,061 |
| Profit After Tax | 2,166 | -3,530 | 3,577 | 4,625 | 8,121 | 5,291 | 8,393 | 16,702 | 4,937 | 8,041 |
| PAT Margin (%) | 4.7% | -9.6% | 6.8% | 7.0% | 10.5% | 8.2% | 11.9% | 14.1% | 3.7% | 5.9% |
| Adjusted EPS (₹) | 8.9 | -14.7 | 14.9 | 19.2 | 33.8 | 22.1 | 34.8 | 69.6 | 20.6 | 33.0 |
| Dividend Payout Ratio (%) | 12% | -5% | 15% | 17% | 12% | 9% | 19% | 25% | 17% | 22% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 25,725 | 20,410 | 24,085 | 27,866 | 34,802 | 38,240 | 46,860 | 63,260 | 63,250 | 74,836 |
| Share Capital ⓘ | 1,067 | 301 | 301 | 302 | 301 | 301 | 302 | 301 | 301 | 305 |
| Reserves ⓘ | 24,657 | 20,109 | 23,784 | 27,564 | 34,501 | 37,939 | 46,558 | 62,959 | 62,949 | 74,531 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 25,761 | 32,215 | 33,233 | 31,723 | 33,037 | 46,060 | 44,705 | 41,897 | 48,349 | 47,241 |
| Long Term Debt | 25,497 | 30,145 | 28,358 | 29,551 | 27,666 | 39,247 | 39,551 | 41,176 | 48,346 | 47,241 |
| Short Term Debt | 264 | 2,070 | 4,875 | 2,172 | 5,371 | 6,813 | 5,154 | 721 | 3 | 0 |
| Trade Payables | 12,515 | 11,011 | 11,604 | 13,988 | 13,128 | 13,354 | 12,150 | 24,328 | 30,705 | 27,202 |
| Others Liabilities ⓘ | 10,891 | 9,392 | 12,037 | 11,974 | 26,458 | 24,388 | 29,517 | 33,385 | 30,537 | 36,159 |
| Total Liabilities ⓘ | 74,892 | 73,028 | 80,959 | 85,551 | 1,07,425 | 1,22,042 | 1,33,232 | 1,62,870 | 1,72,841 | 1,85,438 |
Fixed Assets | ||||||||||
| Gross Block | 53,792 | 49,388 | 56,039 | 58,347 | 63,791 | 64,175 | 68,941 | 91,762 | 99,453 | 1,09,046 |
| Accumulated Depreciation | 15,223 | 2,828 | 5,773 | 8,779 | 12,019 | 13,633 | 16,999 | 20,116 | 24,397 | 29,460 |
| Net Fixed Assetsⓘ | 38,569 | 46,560 | 50,266 | 49,568 | 51,772 | 50,542 | 51,942 | 71,646 | 75,056 | 79,586 |
| CWIP ⓘ | 7,790 | 6,439 | 3,027 | 3,392 | 10,443 | 24,141 | 29,042 | 12,599 | 10,506 | 10,856 |
| Investmentsⓘ | 4,197 | 4,764 | 5,050 | 4,878 | 5,397 | 5,999 | 12,458 | 18,028 | 24,320 | 30,141 |
| Inventories | 8,585 | 6,742 | 9,270 | 10,082 | 10,815 | 9,623 | 10,692 | 21,028 | 19,517 | 23,234 |
| Trade Receivables | 2,027 | 2,511 | 3,948 | 4,692 | 6,770 | 3,166 | 3,333 | 6,146 | 6,000 | 6,498 |
| Cash Equivalents | 1,795 | 599 | 1,027 | 601 | 5,813 | 11,401 | 11,746 | 15,527 | 18,716 | 8,129 |
| Others Assetsⓘ | 11,929 | 5,414 | 8,371 | 12,338 | 16,415 | 17,170 | 14,019 | 17,896 | 18,726 | 26,994 |
| Total Assets ⓘ | 74,892 | 73,028 | 80,959 | 85,551 | 1,07,425 | 1,22,042 | 1,33,232 | 1,62,870 | 1,72,841 | 1,85,438 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 8,466 | 5,669 | 8,561 | 12,174 | 15,578 | 14,110 | 17,557 | 23,335 | 20,444 | 5,449 |
| PBT ⓘ | 3,249 | -5,239 | 5,131 | 7,075 | 11,707 | 4,292 | 12,196 | 24,715 | 6,968 | 12,102 |
| Adjustment ⓘ | 5,094 | 11,554 | 6,344 | 6,777 | 6,791 | 8,657 | 6,385 | 6,951 | 10,396 | 9,843 |
| Changes in Working Capital ⓘ | 834 | -491 | -2891 | -471 | -455 | 2147 | 636 | -3679 | 3546 | -14053 |
| Tax Paid ⓘ | -711 | -154 | -23 | -1,207 | -2,465 | -986 | -1,660 | -4,652 | -466 | -2,443 |
| Cash Flow From Investing Activity ⓘ | -6,275 | -5,033 | -6,284 | -6,134 | -11,432 | -19,092 | -3,759 | -17,652 | -7,361 | -8,729 |
| Capex | -4,313 | -3,905 | -3,927 | -3,769 | -8,302 | -10,699 | -7,852 | -7,429 | -6,255 | -5,210 |
| Net Investments | -784 | 855 | -478 | 485 | -22 | -7,521 | 7,433 | -7,221 | 2,809 | 2,140 |
| Others ⓘ | -1,178 | -1,983 | -1,879 | -2,850 | -3,108 | -872 | -3,340 | -3,002 | -3,915 | -5,659 |
| Cash Flow From Financing Activityⓘ | -1,805 | -982 | -2,030 | -6,301 | 725 | 3,054 | -6,115 | -9,134 | -7,085 | -5,477 |
| Net Proceeds from Shares ⓘ | 0 | 53 | 2 | -27 | -153 | 6 | 39 | -519 | 59 | 6 |
| Net Proceeds from Borrowing ⓘ | 4,364 | 520 | -807 | 797 | 2,494 | 8,241 | 3,312 | 2,299 | 3,128 | 1,682 |
| Interest Paid ⓘ | -2,165 | -2,806 | -3,494 | -3,417 | -3,598 | -4,371 | -4,015 | -3,890 | -4,808 | -5,989 |
| Dividend Paid ⓘ | -344 | -320 | -218 | -655 | -907 | -1,190 | -483 | -1,571 | -4,194 | -822 |
| Others ⓘ | -3,660 | 1,571 | 2,487 | -2,999 | 2,889 | 368 | -4,968 | -5,453 | -1,270 | -354 |
| Net Cash Flow ⓘ | 386 | -345 | 247 | -261 | 4,871 | -1,928 | 7,683 | -3,451 | 5,998 | -8,757 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.01 | -15.69 | 16.12 | 17.85 | 25.97 | 14.51 | 19.75 | 30.37 | 7.81 | 11.66 |
| ROCE (%) | 11.72 | -3.68 | 14.78 | 16.83 | 21.72 | 9.89 | 16.76 | 26.88 | 10.3 | 14.4 |
| Asset Turnover Ratio | 0.7 | 0.55 | 0.74 | 0.81 | 0.8 | 0.56 | 0.55 | 0.8 | 0.78 | 0.75 |
| PAT to CFO Conversion(x) | 3.91 | N/A | 2.39 | 2.63 | 1.92 | 2.67 | 2.09 | 1.4 | 4.14 | 0.68 | Working Capital Days |
| Receivable Days | 15 | 20 | 21 | 23 | 27 | 28 | 17 | 15 | 17 | 17 |
| Inventory Days | 54 | 68 | 51 | 52 | 49 | 58 | 52 | 49 | 56 | 58 |
| Payable Days | 43 | 59 | 42 | 44 | 47 | 52 | 67 | 57 | 49 | 58 |
JSW Steel Limited is a public limited company incorporated in India on March 15, 1994 under the Companies Act, 1956 and listed on the Bombay Stock Exchange and National Stock Exchange. The Company is an integrated manufacturer of diverse range of steel products with its manufacturing facilities located at Vijaynagar Works in Karnataka, Dolvi Works in Maharashtra and Salem works in Tamil Nadu.
The Group set up its first steel plant in 1982 at Vasind near Mumbai. Soon after, it acquired Piramal Steel Ltd., which operated a mini steel mill at Tarapur in Maharashtra. The Jindals, who had wide experience in the steel industry, renamed it as Jindal Iron and Steel Co. (JISCO). In 1994, in order to achieve the vision of moving up the value chain and building a strong, resilient company, Jindal Vijayanagar Steel (JVSL) was setup, with its plant located at Toranagallu in the Bellary-Hospet area of Karnataka, the heart of the high-grade iron ore belt and spread over 3,700 acres of land. In 2005, JISCO and JVSL merged to form JSW Steel.
Business area of the company
JSW Steel is primarily engaged in the business of manufacture and sale of iron and steel products.
Products of the company
Awards & Achievements
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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