JSWSTEEL

JSW STEEL

Large Cap BSE: 500228 NSE: JSWSTEEL
₹746.75
-9.85 (-1.3%)
  • Advice
  • Hold
As on 06 December, 2022 | 23:34

Jsw Steel Performance

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52 Week Range

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Jsw Steel Share Price

Jsw Steel Share Returns

  • Over 1 Month 6.41%
  • Over 3 Month 9.09%
  • Over 6 Month 28.97%
  • Over 1 Year 16.16%

Jsw Steel Key Statistics

P/E Ratio 23.8
PEG Ratio -0.4
Market Cap Cr 180,506
Price to Book Ratio 3.3
EPS 71.3
Dividend 2.3
Relative Strength Index 64.58
Money Flow Index 58.42
MACD Signal 16.73
Average True Range 15.5

Jsw Steel Investment Rating

  • Master Rating:
  • Jsw Steel has an operating revenue of Rs. 164,830.00 Cr. on a trailing 12-month basis. An annual revenue growth of 84% is outstanding, Pre-tax margin of 20% is great, ROE of 30% is exceptional. The company has a debt to equity of 86%, which is bit higher. The stock from a technical standpoint is comfortably placed above its key moving averages, around 11% and 16% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 7% from the pivot point (which is extended from the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 37 which is a POOR score indicating inconsistency in earnings, a RS Rating of 64 which is FAIR indicating the recent price performance, Buyer Demand at A which is evident from recent demand for the stock, Group Rank of 58 indicates it belongs to a fair industry group of Steel-Producers and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

JSW Steel Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 32,08030,65135,40728,42328,00025,58123,993
Operating Expenses Qtr Cr 30,75227,75329,10422,05319,32716,46816,377
Operating Profit Qtr Cr 1,7423,3526,9076,7978,6739,4918,021
Depreciation Qtr Cr 1,2071,1771,2251,2371,0519981,011
Interest Qtr Cr 1,0931,0301,317887802843868
Tax Qtr Cr -454721,4221,6432,3562,5921,933
Net Profit Qtr Cr -919562,6373,4245,3835,2584,018

Jsw Steel Technicals

EMA & SMA

Current Price
746.75
-9.85 (-1.3%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 722.32
  • 50 Day
  • 695.14
  • 100 Day
  • 673.77
  • 200 Day
  • 657.28
  • 20 Day
  • 722.76
  • 50 Day
  • 680.69
  • 100 Day
  • 664.74
  • 200 Day
  • 651.63

Jsw Steel Resistance and Support

PIVOT
₹753.87
Resistance
First Resistance 761.74
Second Resistance 766.87
Third Resistance 774.74
RSI 64.58
MFI 58.42
MACD Single Line 16.73
MACD 18.38
Support
First Resistance 748.74
Second Resistance 740.87
Third Resistance 735.74

Jsw Steel Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,524,979 58,589,693 38.42
Week 2,250,339 85,737,908 38.1
1 Month 2,150,874 60,783,710 28.26
6 Month 3,218,569 83,071,268 25.81

Jsw Steel Result Highlights

JSW Steel Synopsis

NSE-Steel-Producers

Jsw Steel is involved in the business activities of Mining of iron ores. Company’s Total Operating Revenue is Rs. 118820.00 Cr. and Equity Capital is Rs. 301.00 Cr. for the Year ended 31/03/2022. JSW Steel Ltd. is a Public Limited Listed company incorporated on 15/03/1994 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L27102MH1994PLC152925 and registration number is 152925.
Market Cap 180,506
Sales 128,460
Shares in Float 132.95
No of funds 592
Yield 2.29
Book Value 3.54
U/D Vol ratio 1
LTDebt / Equity 65
Alpha 0.04
Beta 1.26

JSW Steel

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 45.19%45.02%45.01%
Mutual Funds 1.77%2.27%1.83%
Insurance Companies 7.43%
Foreign Portfolio Investors 10.75%10.61%11.58%
Financial Institutions/ Banks 6.8%6.1%
Individual Investors 7.75%7.93%8.01%
Others 27.11%27.37%27.47%

JSW Steel Management

Name Designation
Mrs. Savitri Devi Jindal Chairperson Emeritus
Mr. Sajjan Jindal Chairman & Managing Director
Mr. M V S Seshagiri Rao Jt.Managing Director & Group CFO
Mr. Jayant Acharya Deputy Managing Director
Mr. Seturaman Mahalingam Ind. Non-Executive Director
Dr.(Mrs.) Punita Kumar Sinha Ind. Non-Executive Director
Mr. Haigreve Khaitan Ind. Non-Executive Director
Mr. Harsh Charandas Mariwala Ind. Non-Executive Director
Mrs. Nirupama Rao Ind. Non-Executive Director
Ms. Fiona Jane Mary Paulus Ind. Non-Executive Director
Mr. Hiroyuki Ogawa Nominee Director
Dr. M R Ravi Nominee Director

Jsw Steel Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Jsw Steel Corporate Action

Date Purpose Remarks
2022-10-21 Quarterly Results
2022-07-22 Quarterly Results
2022-05-27 Audited Results & Final Dividend
2022-01-21 Quarterly Results
2021-10-21 Quarterly Results

JSW Steel MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 151468
HDFC Balanced Advantage Fund Growth 49709
UTI Nifty 50 Exchange Traded Fund 39494
SBI Balanced Advantage Fund Regular Growth 23785
Kotak Equity Arbitrage Fund Growth 22082

About Company

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 

JSW Steel FAQs

What is Share Price of JSW Steel ?

JSW Steel share price is ₹746 As on 06 December, 2022 | 23:20

What is the Market Cap of JSW Steel ?

The Market Cap of JSW Steel is ₹180505.9 Cr As on 06 December, 2022 | 23:20

What is the P/E ratio of JSW Steel ?

The P/E ratio of JSW Steel is 23.8 As on 06 December, 2022 | 23:20

What is the PB ratio of JSW Steel ?

The PB ratio of JSW Steel is 3.3 As on 06 December, 2022 | 23:20

Is JSW Steel a good buy?

As per analysts rating in the last 6 months, the recommendation is to HOLD JSW Steel. JSW Steel has an operating revenue of INR 110,198.00 Cr. on a trailing 12-month basis. Annual revenue growth of 9% is good, Pre-tax margin of 15% is great. Institutional holding has gone up in the last reported quarter is a positive sign.

Who is the Chairman and Managing Director of JSW Steel Ltd?

Sajjan Jindal is the Chairman and Managing Director of JSW Steel.

What is the ROE of JSW Steel Ltd?

JSW Steel Ltd has an ROE of 16% is good.

What is the stock price CAGR of JSW Steel Ltd?

The stock price CAGR of JSW Steel for 10 Years is 26%, 5 Years is 29%, 3 Years is 26% and 1 Year is 80%.

 How to buy JSW Steel Ltd shares?

You can easily buy the shares of JSW Steel Ltd . by registering at 5Paisa and setting up a Demat Account in your name.

Q2FY23