Metals & Mining · NIFTY 50
JSW Steel Limited
NSEJSWSTEEL
BSE500228 ISININE019A01038 SeriesEQ Listed on NSE · BSE
₹1,352.10 -1.20 (-0.09%) Updated 12 Nov, 8:19 pm IST
Price, daily close+14.87% in a year
Today
- Open
- ₹1,355.00
- Prev close
- ₹1,353.30
- Day high
- ₹1,366.70
- Day low
- ₹1,343.80
- Volume
- 20.53 L
- Value traded
- ₹278.40 Cr
- Upper circuit
- ₹1,389.50
- Lower circuit
- ₹1,308.70
- 52W high
- ₹1,370.00
- 52W low
- ₹1,073.20
- 1 month
- +15.48%
- 6 months
- +7.48%
52W low52W high
Ratios
Key numbers
Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.
Market cap₹329,912 Cr
P/E (TTM)11.63
P/B2.91
Book value / share₹464.37
EPS (TTM)₹116.30
ROE25.1%
Dividend yield0.53%
Dividend (12m)₹7.10 / share
Net margin (TTM)14.3%
Operating margin18.6%
Debt / equity0.58
Current ratio1.14
EV / EBITDA7.49
Sales growth (YoY qtr)+20.67%
Profit growth (YoY qtr)+225.26%
Sales CAGR 3Y+3.77%
Profit CAGR 3Y+75.28%
Shares244.00 Cr
Quarterly results
Results for each quarter
Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.
Revenue and net profit
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
Revenue · QoQ (vs last quarter)
—+10%-7.2%-7.6%+4.3%+8.3%-3.7%+4.6%+1.9%+11%-7.5%+15%
Revenue · YoY (vs a year ago)
————-1.3%-3.1%+0.5%+14%+11%+14%+9.8%+21%
Net profit · QoQ (vs last quarter)
—-46%-35%-48%+63%+110%+45%-26%+32%+665%-72%+14%
Net profit · YoY (vs a year ago)
————-70%+16%+158%+270%+198%+989%+113%+225%
RevenueNet profitLine = trend
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
EPS (₹) · YoY (vs a year ago)
————-70%+16%+159%+269%+199%+990%+113%+225%
EPS (₹)Line = trend
| ₹ Cr | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 41,940 | 46,269 | 42,943 | 39,684 | 41,378 | 44,819 | 43,147 | 45,152 | 45,991 | 51,180 | 47,364 | 54,486 |
| Other income | 194 | 242 | 164 | 153 | 147 | 230 | 350 | 284 | 273 | 341 | 724 | 441 |
| Total income | 42,134 | 46,511 | 43,107 | 39,837 | 41,525 | 45,049 | 43,497 | 45,436 | 46,264 | 51,521 | 48,088 | 54,927 |
| Raw material | 24,283 | 24,541 | 21,463 | 21,965 | 22,123 | 22,773 | 20,762 | 23,921 | 23,525 | 20,628 | 24,586 | 26,917 |
| Purchases | 232 | 477 | 71.0 | 116 | 109 | 549 | 554 | 722 | 718 | 1,042 | 1,814 | 2,443 |
| Employee cost | 1,182 | 1,151 | 1,248 | 1,220 | 1,149 | 1,181 | 1,318 | 1,307 | 1,305 | 1,355 | 1,306 | 1,339 |
| Other expenses | 13,198 | 13,442 | 13,651 | 11,926 | 12,160 | 13,387 | 13,116 | 13,450 | 12,659 | 14,548 | 12,560 | 12,850 |
| Total expenses | 38,815 | 44,401 | 41,715 | 38,644 | 40,250 | 43,032 | 40,325 | 43,004 | 44,161 | 46,862 | 41,830 | 48,168 |
| Operating profit | 7,180 | 6,124 | 5,510 | 5,095 | 5,476 | 6,334 | 7,576 | 7,115 | 5,967 | 26,522 | 9,383 | 10,120 |
| OPM % | 17.1% | 13.2% | 12.8% | 12.8% | 13.2% | 14.1% | 17.6% | 15.8% | 13.0% | 51.8% | 19.8% | 18.6% |
| Finance cost | 1,996 | 2,062 | 2,073 | 2,130 | 2,115 | 2,094 | 2,217 | 2,413 | 2,304 | 2,168 | 1,712 | 1,602 |
| Depreciation | 2,059 | 2,194 | 2,209 | 2,267 | 2,336 | 2,497 | 2,537 | 2,554 | 2,362 | 2,148 | 2,137 | 2,200 |
| Exceptional items | — | — | — | -342 | -103 | -44.0 | — | — | -529 | 17,888 | — | — |
| Profit before tax | 3,319 | 2,110 | 1,392 | 851 | 1,172 | 1,973 | 3,172 | 2,432 | 1,574 | 22,547 | 6,258 | 6,759 |
| Tax | 853 | 690 | 513 | 385 | 459 | 229 | 863 | 698 | -953 | 3,134 | 1,464 | 1,692 |
| Net profit | 2,450 | 1,322 | 867 | 404 | 719 | 1,501 | 2,209 | 1,646 | 2,410 | 19,243 | 4,696 | 5,359 |
| Profit to shareholders | 2,415 | 1,299 | 845 | 439 | 717 | 1,503 | 2,184 | 1,623 | 2,139 | 16,370 | 4,651 | 5,279 |
| EPS (₹) | 9.88 | 5.31 | 3.45 | 1.80 | 2.93 | 6.14 | 8.93 | 6.64 | 8.75 | 66.94 | 19.02 | 21.59 |
Profit & loss
Results for each year
8 financial years (April to March), consolidated, ₹ crore.
Sales, operating profit and net profit
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26
Revenue · YoY (vs a year ago)
—-13%+8.9%+83%+13%+5.5%-3.5%+9.9%
Net profit · YoY (vs a year ago)
—-47%+96%+161%-80%+113%-60%+537%
RevenueOperating profitNet profitLine = trend
| ₹ Cr | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 84,757 | 73,326 | 79,839 | 146,371 | 165,960 | 175,006 | 168,824 | 185,470 |
| Other income | 204 | 546 | 592 | 1,531 | 1,030 | 1,004 | 694 | 1,248 |
| Total expenses | 73,763 | 69,964 | 68,334 | 118,333 | 161,789 | 163,047 | 163,641 | 174,352 |
| Employee cost | 2,489 | 2,839 | 2,506 | 3,493 | 3,915 | 4,591 | 4,798 | 5,285 |
| Operating profit | 18,952 | 11,068 | 20,058 | 38,266 | 19,138 | 28,825 | 22,415 | 47,180 |
| OPM % | 22.4% | 15.1% | 25.1% | 26.1% | 11.5% | 16.5% | 13.3% | 25.4% |
| Finance cost | 3,917 | 4,265 | 3,957 | 4,968 | 6,902 | 8,105 | 8,412 | 9,102 |
| Depreciation | 4,041 | 4,246 | 4,679 | 6,001 | 7,474 | 8,172 | 9,309 | 9,601 |
| Profit before tax | 11,198 | 3,103 | 12,014 | 28,828 | 5,792 | 13,552 | 5,388 | 29,725 |
| Tax | 3,644 | -906 | 4,142 | 8,807 | 1,516 | 4,407 | 1,586 | 3,742 |
| Tax rate % | 32.5% | -29.2% | 34.5% | 30.6% | 26.2% | 32.5% | 29.4% | 12.6% |
| Net profit | 7,524 | 3,919 | 7,873 | 20,938 | 4,139 | 8,973 | 3,491 | 25,508 |
| Profit to shareholders | 7,639 | 4,030 | 7,911 | 20,665 | 4,144 | 8,812 | 3,504 | 22,316 |
| Net margin % | 9.0% | 5.5% | 9.9% | 14.1% | 2.5% | 5.0% | 2.1% | 12.0% |
| EPS (₹) | 31.60 | 16.67 | 32.73 | 85.49 | 17.14 | 36.17 | 14.32 | 91.25 |
Balance sheet
Assets and debt
At each year end (and the latest half year), ₹ crore.
Equity, debt and assets
Mar 23
Mar 24
Mar 25
Mar 26
Sep 26
Shareholders' equity · YoY (vs a year ago)
—+18%+2.4%+26%—
Shareholders' equityBorrowingsCashLine = trend
| ₹ Cr | Mar 23 | Mar 24 | Mar 25 | Mar 26 | Sep 26 |
|---|---|---|---|---|---|
| Shareholders' equity | 65,695 | 77,669 | 79,496 | 100,053 | 113,306 |
| Long-term borrowings | 61,696 | 67,354 | 81,983 | 75,608 | 50,700 |
| Short-term borrowings | 16,876 | 18,221 | 13,974 | 19,924 | 15,551 |
| Total borrowings | 78,572 | 85,575 | 95,957 | 95,532 | 66,251 |
| Current liabilities | 69,963 | 66,065 | 60,626 | 69,370 | 68,143 |
| Fixed assets (PPE) | 97,699 | 105,123 | 116,814 | 109,532 | 110,426 |
| Inventories | 33,135 | 37,815 | 34,956 | 32,765 | 36,056 |
| Trade receivables | 7,134 | 7,548 | 8,415 | 11,260 | 12,343 |
| Cash & equivalents | 15,424 | 8,030 | 11,655 | 39,256 | 6,658 |
| Current assets | 68,146 | 64,533 | 70,707 | 103,354 | 77,648 |
| Total assets | 211,078 | 228,198 | 240,742 | 269,676 | 252,634 |
| Debt / equity | 1.20 | 1.10 | 1.21 | 0.95 | 0.58 |
Cash flow
Cash coming in and going out
For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.
Operating, investing and financing cash
FY22
FY23
FY24
FY25
FY26
Operations · YoY (vs a year ago)
—-11%-48%+73%+20%
OperationsInvestingFinancingLine = trend
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 26,270 | 23,323 | 12,078 | 20,899 | 25,152 |
| Cash from investing | -14,745 | -10,711 | -14,638 | -16,997 | 18,602 |
| Cash from financing | -14,657 | -5,977 | -4,827 | -262 | -16,111 |
| Spent on fixed assets | -10,091 | -14,324 | -15,801 | -12,694 | -14,654 |
| Free cash flow | 16,179 | 8,999 | -3,723 | 8,205 | 10,498 |
| Net cash flow | -3,132 | 6,635 | -7,387 | 3,640 | 27,643 |
Shareholding
Who holds the shares
Promoter and public holding at each quarter end, as filed with NSE.
Holding over time
Promoter & groupPublic
Latest (30 Sep 2026)
44.3%promoter
- Promoter & group
- 44.30%
- Public (FIIs, mutual funds, retail…)
- 55.56%
- Employee trusts
- 0.15%
- Promoter change, last quarter
- +0.01 pts
Dividends & news
Latest dividends and announcements
Dividends & corporate actions
- Dividend - Rs 7.10 Per Share
- Dividend - Rs 2.80 Per Share
- Annual General Meeting/Dividend - Rs 7.30 Per Share
- Annual General Meeting/Dividend - Rs 3.40 Per Share
- Annual General Meeting/Dividend - Rs 17.35 Per Share
- Annual General Meeting/Dividend - Rs 6.50 Per Share
- Dividend - Rs 2 Per Share
- Annual General Meeting/Dividend Rs 4.10 Per Share
Board meetings
- JSW STEEL LIMITED has informed the Exchange about Board Meeting to be held on 23-Oct-2026 to inter-alia consider and approve the Unaudited Financial …
- the financial results for the period ended September 30, 2026
- JSW STEEL LIMITED has informed the Exchange about Board Meeting to be held on 17-Jul-2026 to inter-alia consider and approve the Unaudited Financial …
- the financial results for the period ended Jun 30, 2026
- the Yearly Audited Financial results of the Company for the period ended March 2026 and Dividend/Fund raising.
Filings with NSE
- Investor Presentation
- Press Release
- Analysts/Institutional Investor Meet/Con. Call Updates
- Disclosure of material issue
- Amalgamation/Merger
- Analysts/Institutional Investor Meet/Con. Call Updates
- Copy of Newspaper Publication
Latest news
JSWSTEEL Outlook for the WeekEquitypandit · 8 Nov, 1:30 pmJSW Steel Reports 19% Rise in Crude Steel Production in October; Shares Up 0.9%HDFC Sky · 11 Nov, 9:25 amJSW Steel publishes November 2026 investor presentation on websitescanx.trade · 11 Nov, 10:51 amJSW Steel Q2 FY27 results: Net profit jumps three-fold to ₹5,279 crore YoY; board approves capacity expansion for Sambalpur unitUpstox · 23 Oct, 12:30 pmJSW Energy Sells JSW Steel Shares for Rs 3,150 CrRediff MoneyWiz · 18 May, 12:30 pmJSW Steel shares rise 6% as Q2 results beat estimates; brokerages see up to 39% upsideMoneycontrol.com · 26 Oct, 12:30 pmJSW Steel shares gains 2% after robust Q1 earningsBusinessLine · 20 Jul, 12:30 pmJSW Steel Q2 Results: Date, Dividend, Share Price, Earnings Call Schedule And MoreNDTV Profit · 28 Sep, 12:30 pmAbout
About JSW Steel Limited
JSW Steel Limited is an Indian multinational steel company based in Mumbai and is a flagship company of the JSW Group.
From Wikipedia (CC BY-SA 4.0).
BRANDS
Company details
- Company name
- JSW Steel Limited
- NSE symbol
- JSWSTEEL
- BSE scrip code
- 500228
- ISIN
- INE019A01038
- Listed on
- NSE, BSE
- Series
- EQ (normal equity)
- Listed on NSE since
- 23 Mar 2005
- Face value
- ₹1 per share
- Market lot
- 1 share
- Shares issued
- 244.00 crore
- Index
- NIFTY 50, NIFTY 500
- Sector (NSE)
- Metals & Mining
- Industry
- Steel
- Managing director / CEO
- Jayant Acharya
- Chair
- Sajjan Jindal
- Headquarters
- Mumbai, Maharashtra, India
- Registered address
- JSW Centre, Bandra Kurla Complex, Bandra East, Mumbai- 400051, Maharashtra, India
- Founded
- 1982
- Employees
- 45,328
- Financial year
- April to March
- Results basis
- Consolidated
- Website
- jswsteel.in
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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.