Jsw Steel Share Price

Company Overview

JSW Steel, the market leader in integrated steel manufacturing, is the JSW group's flagship company that combines customised services with innovative technology to meet customer needs and stay ahead of competitors. It has a global reach with its establishments in 100 countries. JSW Steel manufactures quality and innovative products in its Maharastra, Tamil Nadu and Karnataka manufacturing plants. Bare & Pre-painted Galvanised, Special Steel, Hot and cold Rolled, TMT Rebars and Wire Rods are some of the products JSW Steel provides its customers. JSW Steel's Bellary plant is the 6th largest in the world.

History

In 1982 the Jindal group bought Piramal Steel Ltd, a small steel plant in Tarapur in Maharastra. After renaming its Jindal Iron and Steel Company (JISCO), the JSW group began its first steel plan in Vasind near Mumbai. Toranagallu in Karnataka's Bellary district is rich in high-grade iron ore, where Jindal Vijayanagar Steel (JCSL) was established in 1994.

JSW Steel collaborates with FE Steel Corp, Japan, to manufacture automotive steel of the highest grade. It also started a joint venture in Georgia and raised its manufacturing capacity to 18 MTPA through its mining acquisition in Mozambique, US and Chile. In August 2014, JSW Steel acquired Welspun Maxstell in a deal amounting to 1000cr.

Board, Management and Auditors

Board of Directors

Savitri Devi Jindal–Chairperson Emeritus

Savitri Devi is a well-known industrialist and has been on the board of directors for JSW Steel from May 2005 to October 2011. She is presently the Chairperson emeritus.

Sajjan Jindal–Chairman & Managing Director, Non-Independent Executive Director

Sajan Jindal is a qualified mechanical engineer from Bangalore University. He is the chief promoter of the company and is responsible for the company's expansion to produce cement, steel, infrastructure building and power.

SESHAGIRI RAO MVS—Joint Managing Director & Group CFO. Non-Independent Executive Director

Seshagiri Roa oversees all JSW steel operations concerning the formulation of strategies and has contributed much to developing the company's business through expansions, mergers, cost management, joint ventures and acquisitions.

Vinod Nowal–Deputy Managing Director, Non-Independent Executive Director

Vinod. Nowal is President of the Karnataka Iron and Steel Manufacturers' Association, Bangalore Chamber of Industry and Commerce, and the Tarapur Industrial Manufacturers Association. Nowal is a master's degree holder in business administration and a doctorate in inventory management.

Jayant Acharya–Director (Commercial & Marketing), Non-Independent Executive Director

Acharya is a Chemical engineer with a master's in physics (Birla Institute of Technology & Science) from Bits, Pilani and in business administration from Indore University. He is presently the Co-chairperson of the Steel & Non-Ferrous Metals committee for the Federation of Indian Chamber of Commerce and Industry. 

Hiroyuki Ogawa–Nominee Director, JFE Steel Corporation, Japan

Ogawa has a master's in mechanical engineering and a bachelor's from the Graduate School of Engineering at the University of Tokyo. He presently serves as the Senior Vice President, Corporate Planning Department.

Malay Mukherjee–Independent Non-Executive Director

Mukherjee is well-versed in handling managerial, technical, and commercial departments. In the past, Mukherjee has offered his services to Arcelor Mittal as Senior Executive Vice President and a director, and he had an association with Essar Steel Global. 

Punita Kumar Sinha–Independent Non-Executive Director

Punita Sinha has been the founder of Pacifica Adivors since 2012 and has been JSW Steel's director since October 2011. She is a chemical engineer from IIT, Delhi, and has a doctorate and master's in finance from the Wharton School, University of Pennsylvania.

1. N. JAYARAM, IAS–Nominee Director, KSIIDC

Jayaram, a post-graduate degree holder from Bangalore University, has worked with the Indian Administrative Sevices since 2004. He presently holds the position of Managing Director of Karnataka State Industrial & Infrastructure Development Corporation Limited (KSIIDC)

Mr. Haigreve Khaitan–Independent Non-Executive Director

Haigreve has been a partner and in charge of M&A and Private Equity practise at Khaitan & Co. since 1995. He started his illustrious career with litigation today as a specialist in Corporate Law. 

Kannan Vijayaragavan–Independent Non-Executive Director

Vijayaragavan is the founder of and chairman Sathguru Management Consultants Pvt. Ltd., Hyderabad, a large consultancy. The chartered accountant and certified management consultant presently hold the position of International Advisory Committee of AUTM and honorary President of the Society for Technology Management (STEM), Indian Association of Technology Management Professionals.

Vijay Kelkar–Independent Non-Executive Director

Padma Vibhusan Vijay Kelkar is a Bachelor in Science from Pune Univesity and a Masters's from the Minnesota University. He also holds a doctorate in the philosophy of development economics from the University of California, USA. He has been serving as a director at JSW Steel from 2010,

Seturaman Mahalingam–Independent Non-Executive Director

Seturaman is a chartered accountant who joined TCS as an IT consultant. He spearheaded the marketing campaign for TCS, enabling it to expand globally. He has offered services for 42 years to TCS.

Auditors

1. Siddharth, a partner at DELOITTE HASKINS & SELLS, signs the JSW Steels audit report. The company is based in Mumbai and is the parent company of 30 subsidiary companies with 3,267 employees worldwide. They are in charge of accounting, payroll services, tax compliance, and bookkeeping.

Market Capitalisation and Stock Information

The National Stock Exchange(NSE) and Bombay Stock Exchange (BSE) trade the JSW Steel shares.

The market cap stands at INR (Rs. Cr.) 139,812, with the free float Market cap being INR 53623.62(Cr) as of June 28 2022.
The Face Value of shares is INR 1 each.
The stock is part of the S&P BSE 100 Index.

Shareholding Pattern

The Shareholding Pattern page of JSW Steel Ltd. presents the shareholding by the general public, DII's Holding, Promoter's holding, and FII's holding.

No Of Shares–2417220440 (100%)

Promoters–1050078570 (43.44%)

ForeignInstitutions –279981367 (11.58%)

NBanksMutualFunds–44272479 (1.83%)

CentralGovt–12375000 (0.51%)

Others–643701094 (26.63%)

General Public--193800023 ( 8.02%)

Financial Institutions–147528421 (6.1%)

Foreign Promoter—37979180 (1.57%)

GDR –7504306 (0.31%)

Corporate Social Responsibility Information

The JSW foundation initiatives provide health facilities, education, and opportunities to develop skills for the underprivileged to reduce social equalities. It also endeavours to provide clean drinking water and air to breathe.

Creation of Labour opportunities

The people of Bellary gave up their land to the JSW group to build a steel plant in the area with the hope of ample employment opportunities. The company did not disappoint the masses, as today, most women and youth from the village work in the factory or plant. Thus an atmosphere of trust exists between the corporate and the villagers. 

Education

The foundation offers vocational guidance such as tailoring and skills to work in BPO for women and marine fitting for boys. The skill development centres on vigours training for six months. 

Healthcare

The foundation offers deaddiction services to truckers and guidance to live better lives. A health centre in Jaigad, Bellary and Raigad offers pre and post-natal care to pregnant women. These centres tend to the sick and also undertake some basic medical tests.

Water Conservation

Although JSW operates on the Konkan Coast, an area having ample water, its proximity to the sea makes the available water salty. It is a hilly region, and the rainwater gushes into the sea resulting in acute drinking water shortage during certain times of the year. The JSW Foundation works to conserve water to ensure drinking water never runs dry. 

Financial Information

Top Line

JSW Steel Ltd has reflected a remarkable profit growth of 21.97 & and has been holding a healthy ROE of  20.08% for the past 3 years.  

The average operating margins remain stable at 20.30% for the past 5 years, and the company holds an efficient cash conversion cycle of 2.15 days. 

Bottom Line

The company has shown only a 2.09% growth in revenue in the last three years. The quarterly net earnings for March 2021 are INR 4018 against the net profit of June 2021, which was INR 5258 Cr. However, JSW Steel Ltd's revenue was INR 5383 Cr in September 2021; in December 2021, it was INR 3424Cr; in March 2022, it was INR 2637Cr.

Net Worth

The total assets of JSW Steel Ltd. were approximately INR 63501.00Cr at the end of March 2022. The financial statements reflected a rise compared to INR 46977.00Cr in March 2021