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.
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JSW Steel share price as on 23 Apr 2024 is Rs. 851.35. Over the past 6 months, the JSW Steel share price has increased by 10.65% and in the last one year, it has increased by 18.19%. The 52-week low for JSW Steel share price was Rs. 681.05 and 52-week high was Rs. 895.75.
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