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: firstname.lastname@example.org. 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.