Is JSW Steel a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that JSW Steel Ltd is a good quality company .

Is JSW Steel undervalued or overvalued?

The key valuation ratios of JSW Steel Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is JSW Steel share price return in the past 10 years?

JSW Steel Ltd share price has appreciated 24.1% annually (CAGR) over the past ten years.

Is JSW Steel a good buy now?

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.

JSW Steel Ltd - Stock Valuation and Financial Performance

Name: JSW Steel
Brand: JSW Steel

BSE: 500228 | NSE: JSWSTEEL | Steel & Iron Products | Large Cap

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JSW Steel Share Price

₹918.45 -7.00 -0.76%
as on 20-Dec'24 16:59

10 Year X-Ray of JSW Steel:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	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 ⓘ

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	24.1%	28.3%	11.7%	9.1%

Key Financial Parameters ⓘ

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

Recent Performance Summary

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%

Latest Financials - JSW Steel Ltd.

	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

Management X-Ray of JSW Steel:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

16.79

15.21

17.57

16.35

15.03

14.12

14.80

15.24

15.16

14.34

* Pledged shares as % of Promoter's holding (%)

Valuation of JSW Steel

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Price to Earnings

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Dividend History

Analyst's Notes

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Key Ratios of JSW Steel

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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

Finance Ratio

Standalone Basis Consolidated Basis

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 Ltd Stock News

JSW Steel Ltd FAQs

What is the share price of JSW Steel?

Company share prices are keep on changing according to the market conditions. The closing price of JSW Steel on 20-Dec-2024 16:59 is ₹918.5.

What is the market cap of JSW Steel?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of JSW Steel stood at ₹2,24,602.7.

What is the P/E ratio of JSW Steel?

The latest P/E ratio of JSW Steel as of 20-Dec-2024 16:59 is 37.89.

What is the P/B ratio of JSW Steel?

The latest P/B ratio of JSW Steel as of 20-Dec-2024 16:59 is 2.87.

What is the 52-week high and low of JSW Steel?

The 52-week high of JSW Steel is ₹1,063.4 and the 52-week low is ₹762.0.

What is the TTM revenue of JSW Steel?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JSW Steel is ₹1,30,325 ( Cr.) .

About JSW Steel Ltd

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

Hot Rolled (HR)
Cold Rolled (CR)
Galvanised
Galvalume
Color Coated Products
Neosteel TMT Bars
Wire Rods
Special Steel

Awards & Achievements

JSW Steel bags the Steel Minister’s Trophy for being the 2nd best integrated steel plant in the country
Dolvi Works conferred with 'Certificate of Appreciation' in Prime Minister's Trophy 16-17
JSW Steel wins at Asia Sustainability Reporting Awards
JSW Steel bagged Global Innovation Award at 2019 India Perspective
Grow Care India Environment Award-2018 to Dolvi Works
JSW Steel awarded for the Best Raw Material Supplier of 2018
JSW Steel awarded for Outstanding Support for the year 2019 by Honda Cars
JSW Steel Coated, Vasind wins the 1st Prize in the - 13th State Level Award for Excellence in Energy Conservation & Management
Apex India Energy Efficiency Award -2018
Toyota recognizes JSW Steel for world-class quality
JSWSCPL Vasind location has achieved the prestigious award ‘Gold Medal’ in INDIA GREEN MANUFACTURING CHALLENGE-2018 by M/s. International Research Institute for Manufacturing, (IRIM) India
JSW Steel gets recognised by Worldsteel Sustainable Champions of 2018
National Institution for Quality & Reliability (INQR) honours JSW Steel Vijyayanagar works
Bombay Iron Merchants’ Association visit to Vijayanagar Works
JSW Steel Coated Products Ltd., Vasind has been awarded with Gold Category for Excellence in Energy Efficiency for Year-2018 by Apex India Foundation in the sector of Metal and Mining
JSW Steel Coated Products Ltd. has been awarded a Special Trophy for Excellence in Exports of MEIS Items for the year 2016-17 in the category of Large Enterprises by EEPC India, Western Region
JSW Steel's Dolvi Works received 'PLATINUM' level recognition in CII Exim Bank Award for Business Excellence - 2018
JSW wins the prestigious Deming Prize for its excellence in TQM
JSW Steel included in the NIFTY 50 Index
Ranked sixth among the best operating steel plants in the world (World Steel Dynamics, June 2017)
Featured in the Vigeo Eiris Emerging 70 group sustainability rating
Best CSR Practice award 2018: CSR Summit (February 2018)