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JSW Steel Ltd share Price Today

Company details

842.75
863.60
681.05
895.75
6M Return 6.90%
1Y Return 17.20%
Mkt Cap.(Cr) 206,702.00
Volume 1,706,563
Div Yield 0.50%
OI
-
OI Chg %
-
Volume 1,706,563

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Healthy operational performance…
About The Stock

    JSW Steel is one of the leading integrated steel companies in India. It has a strategic collaboration with global leader JFE Steel of Japan, enabling JSW to access new and state-of-the art technologies to produce and offer high value special steel products to its customers.

    • JSW Steel’s manufacturing unit in Vijayanagar, Karnataka is the largest single location steel-producing facility in India with a capacity of 12 MTPA
    • JSW Steel is the only Indian steel company to be ranked among the top 15 global steel producers by World Steel Dynamics for 13 consecutive years
Q3FY23

    JSW Steel reported healthy operational performance for Q3FY23; wherein consolidated topline, EBITDA and PAT came in higher than our estimate.

    • JSW Steel standalone operations reported quarterly saleable steel sales volumes of 4.95 million tonnes (MT), up 24% YoY, higher than our estimate of 4.8 MT. Standalone operations reported EBITDA/tonne of ₹ 8141/tonne (our estimate of ₹ 7000/tonne). Standalone EBITDA/tonne came in higher than our estimate, primarily on the back of lower coking coal costs
    • For Q3FY23, JSW Steel reported consolidated topline of ₹ 39134 crore, up 3% YoY but down 6% QoQ (our estimate: ₹ 39120 crore)
    • Consolidated EBITDA for the quarter was at ₹ 4547 crore, up 160% QoQ, higher than our estimate of ₹ 3685 crore. Ensuing consolidated PAT for the quarter was at ₹ 474 crore, higher than our estimate of ₹ 353 crore

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Iron & Steel/Intermediate company JSW Steel announced Q2FY24 results:

  • Consolidated Q2FY24:
    • Crude Steel Production: 6.34 million tonnes
    • Saleable Steel Sales: 6.34 million tonnes
    • Revenue from Operations: Rs 44,584 crore
    • Operating EBITDA: Rs 7,886 crore
    • Net Profit after Tax: Rs 2,773 crore
    • Net Debt to Equity: 0.92x and Net Debt to EBITDA: 2.52x
  • Standalone Q2FY24:
    • The Crude Steel Production was at 5.40 million tonnes, lower by 1% QoQ due to certain maintenance shutdowns taken during the quarter, but was higher by 9% on a YoY basis.
    • Standalone Steel Sales volumes were 5.41 million tonnes for the quarter, higher by 10% QoQ and 8% YoY, due to robust domestic demand and reduction in inventory.
    • The Company registered Revenue from Operations of Rs 33,738 crore, higher by 3% QoQ and 4% YoY. The growth was mainly driven by volumes and partially offset by lower sales realization.
    • The Company registered Operating EBITDA at Rs 6,898 crore for Q2FY24, higher by 42% QoQ and 296% YoY.
    • The EBITDA margin for the quarter was 20.4%. EBITDA was higher primarily due to lower coking coal cost, partially offset by lower steel realisations.
    • The Company reported Profit after Tax of Rs 22,913 crore for the quarter, growth of 71% QoQ and a significant increase from the loss of Rs 91 crore reported in Q2FY23.

 

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JSW Steel Ltd shares SWOT Analysis

Strengths (4)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • FII / FPI or Institutions increasing their shareholding

Weakness (1)

  • Promoters increased pledged shares QoQ

Opportunity (0)

Data not found

Threats (0)

Data not found

Resistance and support

R1 858.3
R2 871.4
R3 879.2
Pivot

850.53

S1 837.5
S2 829.7
S3 816.6
EMA SMA
848.9
833.9
821.9
800.4
841.8
827.4
827.3
805.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 812.2 3819621 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 812.2 3819621 BSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 719 990510 NSE
Name Category Shares
JSW TECHNO PROJECTS MANAGEMENT LTD PROMOTER 10.82%
JSW HOLDINGS LIMITED PROMOTER 7.42%
VIVIDH FINVEST PRIVATE LIMITED PROMOTER 5.86%
SAHYOG HOLDINGS PRIVATE LIMITED PROMOTER 4.58%
SIDDESHWARI TRADEX PRIVATE LIMITED PROMOTER 3.46%
JTPM METAL TRADERS PRIVATE LIMITED PROMOTER 2.94%
JSW ENERGY LIMITED PROMOTER 2.86%
VIRTUOUS TRADECORP PRIVATE LIMITED PROMOTER 2.47%
NALWA SONS INVESTMENTS LTD PROMOTER 1.86%
JSL OVERSEAS LIMITED PROMOTER 0.86%

OUR RESEARCH VIEW

Investment recommendation
Healthy operational performance…
Call Date
21 Jan 2023
Entry Price 741.00
Target Price 825.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

JSW Steel Ltd Stocks COMPARISON

Financials( in Cr) JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Steel Authority of India Ltd Jindal Stainless Ltd
Price 845.25 160.05 901.80 149.30 673.45
% Change -1.77 -0.50 0.90 -1.16 -2.93
Mcap Cr 206,702.00 199,798.93 91,991.54 61,668.74 55,454.23
Revenue TTM Cr 165,960.00 243,352.69 53,211.52 104,447.72 35,697.03
Net Profit TTM Cr 4,139.00 8,075.35 3,974.09 2,176.53 2,083.83
PE TTM 19.11 81.24 16.56 18.25 19.12
1 Year Return 17.20 49.37 60.91 81.41 157.24
ROCE 8.60 12.10 14.17 5.25 20.22
ROE 6.22 7.48 13.27 3.57 19.16
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 65,728.00 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 27,985.89 -4,210.70
LAST 3M 85,258.15 42,414.35
LAST 6M 136,201.24 75,801.89
LAST 12M 211,048.21 200,392.08

JSW Steel Ltd Information

Stock PE (TTM)
19.11
Promoter Holding
44.81%
Book Value
302.1833
ROCE
8.6%
ROE
6.22%
Description
  • JSW Steel Ltd. is a well-known name in the iron and steel industry. It has a market capitalisation of Rs. 1,74,330 crores and is categorised under a large-cap company. The company was founded by Mr Sajjan Jindal (chairman) in 1982, and its headquarters are located in Mumbai. However, its actual incorporation was in 1994 under the name of Jindal Vijayanagar Steel Ltd. The company has posted a net income of Rs. 4,357 crores in December 2021. The JSW Steel shares are traded on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the scrip code of JSWSTEEL. 

    The company has a steel production capacity of 28 MTPA in India and the United States of America. Its manufacturing units are located in Salem, Vasind, Tarapur, Dolvi, Kalmeshwar, and Vijayanagar. In the USA, the manufacturing facility is in Texas. JSW Steel offers a variety of steel products, including galvanised, hot and cold rolled, TMT Rebars, pre-painted galvalume, and galvanised steel, among others.

    The company's market share has increased by 3.56% in the last five years. However, when compared to the previous quarter, net income and Earnings Per Share (EPS) dropped significantly in the December quarter of 2021. JSW Steel's Price to Earnings (PE) and Price to Book (PB) ratio stands at 21.96 and 3.76, respectively. The dividend yield is 1.13%, which is not very high when compared to the sector's 1.51% dividend yield. In terms of shareholding patterns, the promoters and mutual funds' have remained constant in recent months.

    JSW Steel's share price today, on 28th March 2022, was closed at Rs. 730.10. The 52-week high and low of the JSWSteel share prices were Rs. 776.50 and Rs 452.20, respectively. In the last 52 weeks, the JSW share prices gave investors a return of 56.19%. This company's current share price is less than its intrinsic value. The company also announced a cash dividend of Rs 6.50 per share in July 2021. Some of the key competitors of JSW Steel are TATA Steel Ltd., Jindal Steel and Power Ltd., Steel Authority of India Ltd., Bharat Forge Ltd., and KIOCL Ltd.

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

JSW Centre Bandra (East), Bandra Kurla Complex, Mumbai, Maharashtra, 400051

Tel : 91-22-42861000
Email : jswsl.investor:jsw.in
Website : http://www.jsw.in
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500228
NSE Code : JSWSTEEL
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE019A01038

FAQ’s on JSW Steel Ltd Shares

You can buy JSW Steel Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy JSW Steel Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 16, 2024 03:59 PM the closing price of JSW Steel Ltd was ₹ 845.25.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 16, 2024 03:59 PM, the market cap of JSW Steel Ltd stood at ₹ 206,702.00.

The latest PE ratio of JSW Steel Ltd as of Apr 16, 2024 03:59 PM is 19.11

The latest PB ratio of JSW Steel Ltd as of Apr 16, 2024 03:59 PM is 0.36

The 52-week high of JSW Steel Ltd share price is ₹ 895.75 while the 52-week low is ₹ 681.05

According to analyst recommendations, JSW Steel Ltd Share has a “Buy” rating for the long term.

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