JSW Steel

JSW Steel

JSWSTEEL

 ₹ 1,009.02
 ₹ 0.00
0.00%
Iron & Steel
 ₹ 1,009.02
0(0%)1D
Updated: 04 Oct 2024, 03:38:25 pm IST
Stock Score
Open Price
 ₹ 1,029.15
Prev. Close
 ₹ 1,009.02
 ₹ 1,002.77
Day Low
 ₹ 1,047.94
Day High

 ₹ 688.64
52 Week Low
 ₹ 1,055.83
52 Week High

Quick Bite

Price To Earnings Ratio

27.94

Sector PE

23.43

PB Ratio

3.19

Sector PB

5.70

EPS

36.11

Dividend Yield

0.88

Today's Volume

4.730 M

5 Day Avg. Volume

3.888 M

PEG Ratio

0.26

Market Cap.

₹ 2,40,000.00 Cr.

Returns Comparison

TimeJSWSTEELVSIndustry
1 Day-0.72%-0.06%
1 Week0.63%-0.97%
1 Month9.61%2.33%
6 Months13.63%2.04%
1 Year34.69%35.82%

StockGro Trade Views 👍

StockGro Trade Views 👍

Technical Trend

Bullish
academy home
Bearish
Neutral
Bullish

Pivot Levels

R3 ₹ 1,082.22
R2 ₹ 1,065.08
R1 ₹ 1,037.05
RESISTANCE
 ₹ 1,019.91
SUPPORT
S1 ₹ 991.88
S2 ₹ 974.74
S3 ₹ 946.71

Updated: 22 Jul 2024,09:18:33 am IST

Moving Averages

Strong Sell
Sell
Neutral
Buy
Strong Buy
Sell
0
Buy
6
Period (Days)SMAIndication
101007.33Bullish
20977.83Bullish
30965.5Bullish
50941.36Bullish
100927.68Bullish
200882.34Bullish

Updated: 04 Oct 2024, 03:30:00 pm IST

Analyst Rankings 👍

Analyst Rankings 👍

Shareholding Updates

PromotersFIIPublicDIIOthers
44.81%
Promoters
Dec 2023
Promoters  44.81%
FII  26.32%
DII  10%
Public  18.87%
Others  0%

Mutual Fund Ownership 👍

Mutual Fund Ownership 👍

Cash Flow

AnnualFY 2024FY 2023FY 2022
Operating Activities12078.0023323.0026270.00
Investing Activities-14638.00-10711.00-15987.00
Financing Activities-5005.00-5977.00-14657.00
Net Cash Flow-7565.006635.00-4374.00

All Figures in ₹ Cr., unless mentioned otherwise

Ratios

Return on Equity (%)

Income Statement

All Figures in ₹ Cr., unless mentioned otherwise

Balance Sheet

All Figures in ₹ Cr., unless mentioned otherwise

Peer Comparison

Name1D (%)1W (%)1M (%)6M (%)1Y (%)
JSW Steel-0.720.639.6113.6334.69
APL Apollo Tubes0.625.599.671.28-3.07
Jindal Steel & Power-3.57-1.437.254.7847.57
Mishra Dhatu Nigam-2.09-2.66-5.99-14.92-12.87
Jindal Stainless0.370.296.52-5.5859.01
Returns as on 06 Oct, 2024

About JSW Steel

JSW Steel Limited is an India-based holding company. The Company is primarily engaged in the business of manufacturing and sale of iron and steel products. It is an integrated manufacturer of a diverse range of steel products with its manufacturing facilities located at Vijayanagar Works in Karnataka, Dolvi Works in Maharashtra and Salem works in Tamil Nadu and also in the United States of America and Italy. It also has a plate and coil mill division in Anjar, Gujarat. It offers a gamut of steel products that includes hot rolled, cold rolled, bare and pre-painted galvanized and Galvalume, thermo-mechanically treated (TMT) rebars, wire rods and special steel. It offers a range of coated steel products that provide anti-corrosive properties. It serves multiple brands with its coated steel products, including GI (Vishwas), GL (Silveron), Color Coated (Everglow, Colouron+, Pragati+) and OEM products (Radiance). Its subsidiaries include JSW Steel (USA) Inc., Purest Energy, LLC, and others.

JSW Steel Share Price

JSW Steel Ltd. stock valuation and fundamental analysis

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.

About JSW Steel Ltd.

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:

  • Automotive
  • Solar
  • Agriculture
  • Railway
  • Aerospace
  • Construction

Is the steel industry a good investment for investors?

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.

Competitors of JSW Steel Ltd. in the steel industry

History of JSW Steel Ltd.

  • Incorporation: JSW Steel Ltd. began its journey in 1982 when the Jindal Group established its first steel plant at Vasind near Mumbai. That same year, they acquired Piramal Steel Limited, later renamed Jindal Iron and Steel Company (JISCO), marking their entry into the steel industry.
  • Integrated Steel Production: In 1994, JSW Steel was incorporated on March 15, focusing on integrated steel production. The company started setting up an integrated steel plant at Toranagallu in Bellary, Karnataka, an area rich in iron ore reserves, with a capacity of 1.25 million tonnes per annum (TPA) of hot rolled coils.
  • Major Merger: In 2005, a significant restructuring took place when JISCO and Jindal Vijayanagar Steel Ltd (JVSL) merged to form JSW Steel Ltd., consolidating the company's position in the steel market and increasing JSW Steel’s share price.
  • Product Range: JSW Steel's product range includes hot rolled, cold rolled, colour coated products, galvanised, galvalume, Avante doors, TMT bars, and wire rods, catering to diverse industrial and construction needs.
  • Certifications: JSW Steel holds certifications for quality (ISO 9001:2015/AS 9100:2016), safety (ISO 45001:2018), environmental management (ISO 14001:2015), and energy management (ISO 50001:2018).
  • Awards and recognitions: JSW Steel received the World Steel Association's Sustainability Champion award for five consecutive years with the most recent being in 2023. They also won the Global Innovation Award in 2019 and the ECO Innovation Award in 2013.

Company profile of JSW Steel Ltd.

Pros

  • Low Conversion Costs: JSW Steel maintains one of the lowest conversion costs in India and globally, enhancing its cost competitiveness.
  • Strong Domestic Iron Ore Linkage: JSW Steel operates 13 operational captive iron ore mines, ensuring a steady supply of raw materials. These include 9 mines in Karnataka and 4 in Odisha.
  • Strong Margins: JSW Steel's share price today enjoys strong margins due to its downstream capacities that enable the production of value-added and speciality products, bolstering profitability.
  • JSW Steel share price target: Analysts believe JSW Steel is well-positioned to benefit from rising demand, aiming to reach 40-45 million tonnes per annum by fiscal year 2030 and lead in commissioning extra capacity. They project a JSW Steel price target of around Rs. 922.54 with a maximum of Rs. 1140.00.

Cons

  • Economic Conditions: JSW Steel's share price performance is susceptible to economic downturns, which can reduce demand for its products and impact revenues.
  • Regulatory Challenges: Operating in a highly regulated sector, JSW Steel faces challenges related to compliance with environmental regulations, government policies, and stringent compliance requirements.
  • Market Volatility: Fluctuations in commodity prices, currency exchange rates, and other market factors pose risks to JSW Steel's profitability and financial stability.

The finances and JSW Steel’s share price forecast

Metric

Value

Market Cap

Rs. 2,23,979 Cr

JSW Steel Share Price

Rs. 916

EBITDA

Rs. 29,068 Cr

ROCE

13.2 %

ROE

11.34%

Face Value

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.

Shareholding pattern of JSW Steel Ltd.

Here’s a concise summary of JSW Steel Ltd.'s shareholding pattern as of March 2024, reflecting JSW Steel's share price history:

Peer multiple comparison

When analysing JSW Steel's share price history relative to its peers, it's essential to consider the following metrics.

Company

P/E Ratio

P/B Ratio

Dividend Yield (Avg.)

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%

JSW Steel FAQs

How to Buy JSW Steel Share?

virtual
To purchase JSW Steel shares, you can open a Demat & Trading account through a broker or financial institution. Once your account is set up and funded, search for JSW Steel (ticker symbol: JSWSTEEL) on the trading platform provided by your broker and purchase the shares.

What's JSW Steel share price today?

virtual
The stock price of JSW Steel as of 05 Oct 2024 is ₹1,009.02

What is the Market Cap of JSW Steel?

virtual
Market capitalisation represents the total market value of a company's outstanding shares. As of 05 Oct 2024, JSW Steel (ticker symbol: JSWSTEEL) has a market capitalisation of approximately ₹0.00

What is the PE and PB ratio of JSW Steel?

virtual
JSW Steel Ltd's price-to-book ratio as of 05 Oct 2024 is 0, reflecting the market's valuation compared to its asset value. As of 05 Oct 2024, the trailing twelve months P/E (price-to-earnings) ratio is 0, indicating the market values the company at around ₹0.00 for every ₹1 of earnings

What is the 52 Week High and Low of JSW Steel Share?

virtual
JSW Steel Ltd (JSWSTEEL) hit its 52-week high at ₹0.00, and its 52-week low at { ₹0.00}.
Want to learn and earn in Stocks?
Login/Register
Start Learning