Jsw Steel Share PriceJSW Steel

-5.55 (-0.67%)
  • Advice
  • Hold
As on 07 December, 2023 | 19:04 BSE: 500228 NSE: JSWSTEELISIN: INE019A01038

Jsw Steel Performance

Day Range

  • Low 817.85
  • High 830.00
₹ 819.15

52 Week Range

  • Low 649.05
  • High 840.00
₹ 819.15
  • Open Price828.95
  • Previous Close824.70
  • Volume1717648

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Jsw Steel Share Price

  • Over 1 Month 9.42%
  • Over 3 Month -0.02%
  • Over 6 Month 12.25%
  • Over 1 Year 10.97%

Jsw Steel Key Statistics

P/E Ratio 21.7
PEG Ratio 1
Market Cap Cr 200,319
Price to Book Ratio 3.7
EPS 20.4
Dividend 0.4
Relative Strength Index 69.88
Money Flow Index 83.09
MACD Signal 10.27
Average True Range 13.52

Jsw Steel Investment Rating

  • Master Rating:
  • Jsw Steel has an operating revenue of Rs. 172,893.00 Cr. on a trailing 12-month basis. An annual revenue growth of 13% is good, Pre-tax margin of 3% needs improvement, ROE of 6% is fair but needs improvement. The company has a debt to equity of 94%, which is bit higher. The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 9% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 2% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 83 which is a GOOD score indicating consistency in earnings, a RS Rating of 39 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at A which is evident from recent demand for the stock, Group Rank of 61 indicates it belongs to a poor industry group of Steel-Producers and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

JSW Steel Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 33,73832,79136,75230,55632,08030,65135,407
Operating Expenses Qtr Cr 26,84027,93030,90626,90530,75227,75329,104
Operating Profit Qtr Cr 6,8984,8616,2474,0301,7423,3526,907
Depreciation Qtr Cr 1,3591,2651,3051,2631,2071,1771,225
Interest Qtr Cr 1,5311,4571,5561,3441,0931,0301,317
Tax Qtr Cr 1,7258721,100504-454721,422
Net Profit Qtr Cr 2,9131,7052,8381,234-919562,637
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 133,259120,749
Operating Expenses Annual Cr 116,31686,952
Operating Profit Annual in Cr 15,37131,868
Depreciation Cr 4,9524,511
Interest Annual Cr 5,0233,849
Tax Annual Cr 2,0318,013
Net Profit Annual Cr 4,93716,702
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 20,44423,335
Cash from Investing Activity Annual Cr -7,361-17,652
Cash from Financing Annual Activity Cr -7,085-9,134
Net Cash Flow Annual Cr 5,998-3,451
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 63,65963,501
Fixed Assets Annual Cr 85,56284,245
Total Non Current Assets Annual Cr 123,697115,385
Total Current Assets Annual Cr 49,14447,485
Total Assets Annual Cr 172,841162,870
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 211211
ROE Annual % 826
ROCE Annual % 1025
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1328
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 44,58442,21346,34638,67841,12237,50046,026
Operating Expenses Qtr Cr 36,69835,16739,02334,58740,02633,77737,711
Operating Profit Qtr Cr 7,8867,0467,9394,5471,7524,3099,184
Depreciation Qtr Cr 2,0191,9002,0091,8821,8051,7781,815
Interest Qtr Cr 2,0841,9632,1381,8191,5231,4221,756
Tax Qtr Cr 1,8121,052508504624421,731
Net Profit Qtr Cr 2,7602,3383,664490-8488383,234
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 166,990147,902
Operating Expenses Annual Cr 147,413107,364
Operating Profit Annual in Cr 18,54739,007
Depreciation Cr 7,4746,001
Interest Annual Cr 6,9024,968
Tax Annual Cr 1,5168,807
Net Profit Annual Cr 4,14420,665
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 23,32326,270
Cash from Investing Activity Annual Cr -10,711-15,987
Cash from Financing Annual Activity Cr -5,977-14,657
Net Cash Flow Annual Cr 6,635-4,374
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 65,72867,297
Fixed Assets Annual Cr 126,490116,666
Total Non Current Assets Annual Cr 142,928131,111
Total Current Assets Annual Cr 68,15065,374
Total Assets Annual Cr 211,078196,485
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 223228
ROE Annual % 631
ROCE Annual % 925
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1228

Jsw Steel Technicals


Current Price
-5.55 (-0.67%)
  • Bullish Moving Average
  • ___
  • 15
  • Bearish Moving Average
  • ___
  • 1
  • 20 Day
  • ₹790.66
  • 50 Day
  • ₹779.40
  • 100 Day
  • ₹774.12
  • 200 Day
  • ₹757.05
  • 20 Day
  • ₹783.52
  • 50 Day
  • ₹769.99
  • 100 Day
  • ₹785.20
  • 200 Day
  • ₹751.89

Jsw Steel Resistance and Support

First Resistance 826.82
Second Resistance 834.48
Third Resistance 838.97
RSI 69.88
MFI 83.09
MACD Single Line 10.27
MACD 15.69
First Resistance 814.67
Second Resistance 810.18
Third Resistance 802.52

Jsw Steel Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 1,753,759 81,339,342 46.38
Week 2,331,689 130,434,694 55.94
1 Month 1,820,834 91,150,929 50.06
6 Month 2,633,835 118,390,904 44.95

Jsw Steel Result Highlights

JSW Steel Synopsis


Jsw Steel is involved in the business activities of Casting of metals. Company’s Total Operating Revenue is Rs. 131687.00 Cr. and Equity Capital is Rs. 301.00 Cr. for the Year ended 31/03/2023. 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 199,781
Sales 134,617
Shares in Float 134.50
No of funds 652
Yield 0.41
Book Value 3.9
U/D Vol ratio 1.1
LTDebt / Equity 76
Beta 1.07

JSW Steel

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 44.8%45.4%45.4%45.19%
Mutual Funds 2.54%2.2%1.77%1.73%
Insurance Companies 6.93%7.38%7.67%7.58%
Foreign Portfolio Investors 11.13%10.98%11.01%11.04%
Financial Institutions/ Banks 0.03%
Individual Investors 7.4%7.26%7.33%7.45%
Others 27.17%26.78%26.82%27.01%

JSW Steel Management

Name Designation
Mrs. Savitri Devi Jindal Chairperson Emeritus
Mr. Sajjan Jindal Chairman & Managing Director
Mr. Jayant Acharya Joint Managing Director & CEO
Mr. Seturaman Mahalingam Ind. Non-Executive Director
Mr. Harsh Charandas Mariwala Ind. Non-Executive Director
Dr.(Mrs.) Punita Kumar Sinha Ind. Non-Executive Director
Mr. Haigreve Khaitan Ind. Non-Executive Director
Mrs. Nirupama Rao Ind. Non-Executive Director
Mr. Marcel Fasswald Ind. Non-Executive Director
Ms. Fiona Jane Mary Paulus Ind. Non-Executive Director
Dr. M R Ravi Nominee Director
Mr. Hiroyuki Ogawa Nominee Director
Mr. Gajraj Singh Rathore Whole Time Director & COO

Jsw Steel Forecast

Price Estimates


Other Analyst Rating

Jsw Steel Corporate Action

Date Purpose Remarks
2023-10-20 Quarterly Results
2023-07-21 Quarterly Results
2023-05-19 Audited Results & Final Dividend
2023-01-20 Quarterly Results
2022-10-21 Quarterly Results

JSW Steel MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 155,471
SBI S&P BSE Sensex ETF 95,207
HDFC Balanced Advantage Fund Growth 63,981
UTI Nifty 50 Exchange Traded Fund 42,363
UTI S&P BSE Sensex ETF 31,838

About Jsw Steel

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.

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.


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 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. 


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. 


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. 

JSW Steel FAQs

What is Share Price of JSW Steel ?

JSW Steel share price is ₹819 As on 07 December, 2023 | 18:50

What is the Market Cap of JSW Steel ?

The Market Cap of JSW Steel is ₹200319.4 Cr As on 07 December, 2023 | 18:50

What is the P/E ratio of JSW Steel ?

The P/E ratio of JSW Steel is 21.7 As on 07 December, 2023 | 18:50

What is the PB ratio of JSW Steel ?

The PB ratio of JSW Steel is 3.7 As on 07 December, 2023 | 18:50

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.