JSW Steel

    JSWSTEEL
    Metals
    ₹1,185.50
    Price as of 25 Oct 2026, 10:28 pm IST

    Market cap ₹2.89 L Cr

    P/E
    10.19
    Day range
    ₹1,181.90 – ₹1,223.70
    52-week range
    ₹1,073.20 – ₹1,351.00
    Volume
    22.77 L
    Open
    ₹1,220.00
    Prev close
    ₹1,220.00

    Latest results · Q2 FY27(consolidated)Revenue ₹54,486 Cr+20.7%Profit ₹5,359 Cr+225.6%Margin 9.8%YoY vs the same quarter last year

    1 red flag to read up on

    • medium

      Promoter pledge went up

      12.25% of promoter shares pledged, up from 11.60% · 30 Sept 2026

    From NSE and BSE filings. A flag is a reason to read the filing, not a rating.

    JSWSTEEL in NSE indices and F&O

    F&O margin for one lot of JSWSTEEL (675 shares)

    Research profile

    Composite 67 / 100

    Factor percentiles

    Value79
    Quality51
    Momentum60
    Low volatility77

    Derived metrics

    Earn. yield
    9.8%
    Graham no.
    ₹817.05
    vs Graham
    -31.1%
    ROE ÷ P/B
    11.1%
    12-1 mom.
    +10.4%
    Return / vol
    0.14
    Magic Formula
    #215
    FCF yield
    3.6%

    Appears in 7 scans

    Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.

    Peer comparison

    All 27 in Metals
    Largest Metals companies tracked, with sector medians
    CompanyM-capP/EP/BROEROCEOPMD/ESales YoY
    JSW SteelJSWSTEEL₹2.89 L Cr10.192.5628.4%11.0%19.0%0.62+20.7%
    Hindustan ZincHINDZINC₹2.10 L Cr10.067.3176.9%70.0%61.0%0.22+76.5%
    Tata SteelTATASTEEL₹2.09 L Cr18.952.0511.3%13.0%15.0%0.90+14.3%
    Hindalco IndustriesHINDALCO₹1.95 L Cr11.801.4610.3%13.0%16.0%0.73+32.1%
    Vedanta Aluminium MetalVAML₹1.34 L Cr34.68———48.0%——
    Jindal Steel & PowerJINDALSTEL₹1.03 L Cr36.221.986.9%10.0%15.0%0.43+42.7%
    Lloyds Metals And EnergyLLOYDSME₹1.00 L Cr20.897.2437.7%27.0%38.0%1.49+208.5%
    VedantaVEDL₹88,444 Cr9.531.7855.2%16.0%35.0%0.66+53.6%
    Sector median₹38,589 Cr16.452.3517.5%17.0%16.0%0.35+21.1%

    Sector as classified in the tracked universe; medians use every tracked Metals company, and P/E only profitable ones. Tinted figures beat the median.

    Latest news

    Updated 10d ago

    Headlines about JSW Steel from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.

    Key metrics

    P/E (TTM)
    18.5
    EPS (TTM)
    ₹101.39
    Price / Book
    2.56
    ROE (FY26)
    28.4%
    ROCE (latest year)
    11%
    Dividend yield
    0.60%

    Moving averages (NSE)

    20-day
    ₹1,222.67
    Price below
    50-day
    ₹1,264.64
    Price below
    200-day
    ₹1,242.9
    Price below

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +3.8%
    Profit 3Y CAGR
    +83.3%
    Revenue YoY (Sep 2026)
    +20.7%
    Profit YoY (Sep 2026)
    +225.6%
    Operating margin
    19.0%
    Net margin
    9.8%

    Revenue, profit & margin - quarterly

    ₹ crore; a loss shows red. Operating margin below, same periods.

    0 Cr20K Cr40K Cr60K Cr
    • Revenue
    • Net profit

    Operating margin

    Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Sep 20260%10%20%

    Who owns the company

    % of equity by quarter, latest Sept 2026

    Dec '24Mar '25Jun '25Sept '25Dec '25Mar '26Jun '26Sept '260%25%50%75%100%
    • Promoter
    • FII
    • Public
    • DII
    • Government
    • Others

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-20K Cr0 Cr20K Cr40K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%10%20%30%40%15% screen

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); the ratio below, same years.

    0 Cr50K Cr1L Cr1.5L Cr
    • Equity
    • Debt

    Debt to equity

    Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 20260x1x2x

    Dividends per share

    ₹ by fiscal year of the ex-date; the latest year runs to date.

    FY18FY19FY20FY21FY22FY23FY24FY25FY26FY27₹0₹5₹10₹15₹20

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
    Sales41,94046,26942,94339,68441,37844,81943,14745,15245,99151,18047,36454,486
    Expenses34,77640,24337,44534,30935,79938,68435,67138,12539,61242,71638,07944,366
    Operating Profit7,1646,0265,4985,3755,5796,1357,4767,0276,3798,4649,28510,120
    OPM %17%13%13%14%13%14%17%16%14%17%20%19%
    Other Income194242164-18950186350284-25618,229724733
    Interest1,9962,0622,0732,1302,1152,0942,2172,4132,3042,1681,7121,602
    Depreciation2,0592,1942,2092,2672,3362,4972,5372,5542,3622,1482,1372,200
    Profit before tax3,3032,0121,3807891,1781,7303,0722,3441,45722,3776,1607,051
    Tax %26%34%37%49%39%13%28%30%-65%14%24%24%
    Net Profit2,4501,3228674047191,5012,2091,6462,41019,2434,6965,359
    EPS in Rs₹9.88₹5.31₹3.46₹1.80₹2.93₹6.15₹8.93₹6.64₹8.75₹66.94₹19.02₹21.59

    From company filings, updated 24 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.

    Working-capital cycle

    Debtor Days22

    +1 days since Mar 2021

    Inventory Days124

    -36 days since Mar 2021

    Days Payable130

    -41 days since Mar 2021

    Cash Conversion Cycle16

    +7 days since Mar 2021

    Working Capital Days-15

    +78 days since Mar 2021

    Strengths, risks & growth

    JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products. [1] It is the flagship business of the diversified, US$ 23 billion JSW Group.The Group has interests in energy, infrastructure, cement, paints, sports, and venture capital. [2]

    Strengths

    • Company has reduced debt.
    • Company has been maintaining a healthy dividend payout of 19.8%

    Risks

    • Stock is trading at 2.56 times its book value
    • Company has a low return on equity of 8.97% over last 3 years.
    • Earnings include an other income of Rs.19,430 Cr.

    Compounded Sales Growth

    10 Years
    +16%
    5 Years
    +18%
    3 Years
    +4%
    TTM
    +14%

    Compounded Profit Growth

    10 Years
    +24%
    5 Years
    +3%
    3 Years
    +35%
    TTM
    +157%

    Stock Price CAGR

    10 Years
    +22%
    5 Years
    +12%
    3 Years
    +17%
    1 Year
    +4%

    Return on Equity

    10 Years
    +15%
    5 Years
    +13%
    3 Years
    +9%
    Last Year
    +10%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderDec 2025Mar 2026Jun 2026Sept 2026Change
    Promoter45.31%45.31%44.29%44.29%0.00 pp
    FII25.38%25.38%25.92%26.23%+0.31 pp
    DII11.06%11.16%11.49%11.34%-0.15 pp
    Government0.51%0.51%0.51%0.51%0.00 pp
    Public17.56%17.47%17.62%17.50%-0.12 pp
    Others0.20%0.19%0.18%0.15%-0.03 pp

    Filed with NSE for Sept 2026: promoters 44.30%, public 55.56% · XBRL filing

    Analysts & fund holdings

    68%
    68% recommend buy
    31 analysts cover the stock
    Valuation vs Metals & Mining
    P/E10.2 vs 23.4
    Sector P/B2.92
    Beta1.15

    Who holds the shares, quarter by quarter

    Mutual funds 5.89% (-0.01 pp)
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    Sept 26
    • Promoters44.4%
    • Foreign institutions26.3%
    • Mutual funds5.9%
    • Insurance5.2%
    • Other domestic institutions0.2%
    • Retail3.5%
    • Others14.6%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    HDFC Flexi Cap Fund0.56%1.45%-0.08 pp
    SBI Arbitrage Fund0.25%1.58%+0.03 pp
    HDFC Arbitrage Fund0.20%2.32%-0.05 pp
    Kotak Arbitrage Fund0.19%0.74%-0.10 pp
    SBI Large Cap Fund0.13%0.74%+0.05 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Avg
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Risk & trend

    From 275 daily sessions to 23 Oct 2026.

    Computed

    Risk

    Volatility (1Y)
    24.1%
    Downside volatility
    25.4%
    Worst 5% of days
    2.9%
    Average of that tail
    3.7%
    Max drawdown (1Y)
    13.4%
    Below its peak
    11.6%

    Against the market

    Beta vs Nifty 50
    1.16
    Correlation
    0.64
    Relative strength (3M)
    +0.4%
    ATR (14)
    2.6%

    Return

    Return 1M
    -6.4%
    Return 3M
    -4.9%
    Return 6M
    -6.2%
    Return 1Y
    +3.3%
    vs 200-day average
    -4.6%

    Momentum

    RSI (14)
    39.7
    MACD histogram
    1.99
    Stochastic %K
    26.6
    ADX (14)
    19.9
    +DI / −DI
    19.5 / 24.8
    Money flow index
    46.7

    Participation

    Delivery (20d avg)
    53.6%
    vs its 60-day baseline
    -1.0 pts
    Volume vs 20-day
    +0.5σ
    Close vs day's VWAP
    -1.0%
    52-week position
    41 / 100

    These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.

    Financial quality

    From consolidated statements to 31 Mar 2026.

    Computed

    No F-Score: it needs two reporting periods a year apart that carry both an income statement and a balance sheet, and this company's filings do not yet line up that way. The ratios below need only the one period and are unaffected.

    Free cash flow
    ₹10,498 Cr
    FCF yield
    3.6%
    Cash conversion
    0.99
    Accruals ratio
    0.001
    Net debt
    ₹79,834 Cr
    Net debt / equity
    0.80
    EV / sales
    1.86
    Capex intensity
    7.9%

    Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.

    Model simulation

    30 independent runs of NeoQuasar/Kronos-small, conditioned on daily bars to 23 Oct 2026, simulating 10 sessions ahead.

    Research
    Research output, not advice. Model output for research only. Not investment advice, not a price target, and not a prediction of actual returns. Generated by a statistical model from past prices; past patterns do not determine future prices.

    Lower edge (10th percentile)

    ₹1,168.03

    -1.5%

    Upper edge (90th percentile)

    ₹1,232.36

    +4.0%

    The marker is the last close, ₹1,185.5. Eight of every ten simulated runs ended inside this range; the middle run ended at ₹1,202.31 (+1.4%), which is the centre of the simulation and not an expected or target price.

    The model reads price history only. It has not seen this company's results, its filings, its industry or anything that happened after 23 Oct 2026. Ranges widen with horizon because the further out the simulation runs, the less the recent past constrains it.

    Insider trades

    Last 12 months, market trades
    Net selling ₹15.8 Cr
    2 buys · ₹25.0 Cr
    98 sells · ₹40.8 Cr
    Latest insider trades disclosed to NSE
    PersonTypeSharesValueDisclosed
    JSW Steel Employees Welfare Trust – OPJ ESOP Plan 2021 A/c
    Other · Market Sale
    		Sell1,503₹19.0 L6 Oct 2026
    JSW Steel Employees Welfare Trust – JSWSL OPJ Samruddhi Plan 2021 A/c
    Other · Market Sale
    		Sell260₹3.3 L6 Oct 2026
    JSW Steel Employees Welfare Trust – OPJ ESOP Plan 2021 A/c
    Other · Off Market
    		Sell17,549₹17,5496 Oct 2026
    JSW Steel Employees Welfare Trust – JSWSL OPJ Samruddhi Plan 2021 A/c
    Other · Off Market
    		Sell4,658₹4,6586 Oct 2026
    JSW Steel Employees Welfare Trust – OPJ ESOP Plan 2021 A/c
    Other · Off Market
    		Sell1,765₹1,76530 Sept 2026
    JSW Steel Employees Welfare Trust – JSWSL OPJ Samruddhi Plan 2021 A/c
    Other · Off Market
    		Sell7,033₹7,03330 Sept 2026
    JSW Steel Employees Welfare Trust – OPJ ESOP Plan 2021 A/c
    Other · Market Sale
    		Sell1,339₹16.8 L30 Sept 2026
    JSW Steel Employees Welfare Trust – JSWSL OPJ Samruddhi Plan 2021 A/c
    Other · Market Sale
    		Sell153₹1.9 L30 Sept 2026
    JSW Steel Employees Welfare Trust – OPJ ESOP Plan 2021 A/c
    Other · Market Sale
    		Sell427₹5.4 L30 Sept 2026
    JSW Steel Employees Welfare Trust – JSWSL OPJ Samruddhi Plan 2021 A/c
    Other · Market Sale
    		Sell104₹1.3 L30 Sept 2026
    JSW Steel Employees Welfare Trust – OPJ ESOP Plan 2021 A/c
    Other · Off Market
    		Sell12,873₹12,87330 Sept 2026
    JSW Steel Employees Welfare Trust – OPJ ESOP Plan 2021 A/c
    Other · Market Sale
    		Sell166₹2.1 L25 Sept 2026

    Disclosures filed with NSE under SEBI (Prohibition of Insider Trading) Regulations. Pledges and releases are not trades and are not counted above.

    Corporate actions

    • dividend
      ₹7.10

      Dividend - Rs 7.10 Per Share

      7 Jul 2026
      ex-date
    • dividend
      ₹2.80

      Dividend - Rs 2.80 Per Share

      8 Jul 2025
      ex-date
    • dividend
      ₹7.30

      Annual General Meeting/Dividend - Rs 7.30 Per Share

      9 Jul 2024
      ex-date
    • dividend
      ₹3.40

      Annual General Meeting/Dividend - Rs 3.40 Per Share

      11 Jul 2023
      ex-date
    • dividend
      ₹17.35

      Annual General Meeting/Dividend - Rs 17.35 Per Share

      4 Jul 2022
      ex-date
    • dividend
      ₹6.50

      Annual General Meeting/Dividend - Rs 6.50 Per Share

      5 Jul 2021
      ex-date
    • dividend
      ₹2.00

      Dividend - Rs 2 Per Share

      6 Jul 2020
      ex-date
    • dividend
      ₹4.10

      Annual General Meeting/Dividend Rs 4.10 Per Share

      8 Jul 2019
      ex-date
    • dividend
      ₹3.20

      Annual General Meeting / Dividend- Rs 3.20 Per Share

      6 Jul 2018
      ex-date
    • dividend
      ₹2.25

      Annual General Meeting/Dividend - Rs 2.25/- Per Share

      12 Jun 2017
      ex-date
    • other
      Not available — not reported in this filing

      Fv Splt Frm Rs 10 To Re 1

      4 Jan 2017
      ex-date
    • dividend
      ₹7.50

      Annual General Meeting/ Dividend - Rs 7.50/- Per Share

      4 Jul 2016
      ex-date
    • dividend
      ₹11.00

      Annual General Meeting/ Dividend - Rs 11/- Per Share

      6 Jul 2015
      ex-date
    • dividend
      ₹11.00

      Annual General Meeting / Dividend - Rs 11/- Per Share

      7 Jul 2014
      ex-date
    • dividend
      ₹10.00

      Annual General Meeting / Dividend - Rs.10/- Per Equity Share

      15 Jul 2013
      ex-date
    • dividend
      ₹7.50

      Annual General Meeting / Dividend - Rs. 7.50 Per Share

      12 Jul 2012
      ex-date
    • dividend
      ₹12.25

      Annual General Meeting And Dividend Rs.12.25 Per Share

      11 Jul 2011
      ex-date
    • dividend
      ₹9.50

      Agm/Dividend Rs 9.50 Per Share

      14 Jun 2010
      ex-date
    • other
      Not available — not reported in this filing

      Agm/Div-Re.1/- Per Share

      29 Jun 2009
      ex-date
    • dividend
      Not available — not reported in this filing

      Agm/Dividend - 140%

      21 May 2008
      ex-date

    Company announcements

    Company Update
    Intimation Under Regulation 30 Of SEBI Listing Regulations

    Please refer detailed disclosure enclosed herein

    Company Update
    Announcement under Regulation 30 (LODR)-Scheme of Arrangement

    Order of Hon'ble National Company Law Tribunal sanctioning the Scheme of Piombino Steel Limited with JSW Steel Limited

    Company Update
    Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations for the quarter ended Sept 30, 2026.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of schedule of Analyst Meet.

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    JSW Steel Reports Consolidated Crude Steel Production of 7.27 Million Tonnes for Q2 FY 27.

    Company Update
    Early Redemption Of US$500,000,000, 3.95% Notes Due 2027

    Fully redeemed the fixed rate unsubordinated, unsecured 3.95% Notes due 2027.

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper Advertisement regarding notice of loss of share certificate

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Intimation of Newspaper Publication with respect to Special Window for Transfer and Dematerialisation of Physical Securities

    Insider Trading / SAST
    Closure of Trading Window

    The Trading Window for dealing in the securities of the Company by Designated Persons and their immediate relatives shall remain closed.

    Board MeetingPrice-sensitive
    Board Meeting Intimation for Board Meeting To Consider, Inter Alia, The Un-Audited Standalone & Consolidated Financial Results Of Our Company For The Quarter & Half Year Ended September 30, 2026.

    JSW Steel Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/10/2026 ,inter alia, to consider and approve A Meeting of the Board of Directors ....

    Company Update
    Intimation Under Regulation 30 Of The Securities Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')

    Detailed disclosure attached

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper Publication regarding Petition Hearing Date before the Hon'ble NCLT in connection with the Scheme of Amalgamation of Piombino Steel Limited with JSW Steel Limited.

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation of Schedule of Analayst/Institutional Investor Meetings.

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    JSW Steel Reports Consolidated Crude Steel Production of 24.65 Lakh Tonnes for August 2026.

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Credit Rating

    India Ratings & Research (Ind-Ra) upgrades JSW Steel Limited and its Non-Convertible Debentures (NCD's) to IND AA+, Outlook stable.

    Filed with BSE (scrip 500228); the last 45 days. Documents open at bseindia.com.

    SEBI filings & orders

    From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.

    Buybacks, open offers & rights issues

    Regulatory orders

    • Adjudication order

      Adjudication Order in respect of M/s JSW Steel Ltd 307/2017]

      31 Aug 2017
      Read on SEBI

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 23 Oct 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.

    FAQ

    JSW Steel: common questions

    Answered from the figures on this page.

    JSW Steel last traded at ₹1,185.50 (NSE, as of 25 Oct 2026). The last session moved it down 2.83%.

    JSW Steel is valued at about ₹2.89 lakh crore (NSE, as of 25 Oct 2026).

    JSW Steel trades at a price-to-earnings ratio of 10.19 (NSE, as of 25 Oct 2026). The P/E compares the share price with earnings per share, so it is only comparable between companies in the same industry.

    JSW Steel has traded between ₹1,073.20 and ₹1,351.00 over the past 52 weeks, to 25 Oct 2026. It is currently 40% of the way up that range.

    JSW Steel (JSWSTEEL) is classified under Metals on this site's screener.