JSW Steel Ltd

JSW Steel Ltd

₹ 944 -0.33%
21 Nov - close price
About

JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products.[1]
It is the flagship business of the diversified, US$ 23 billion JSW Group.The Group has interests in energy, infrastructure, cement, paints, sports, and venture capital.[2]

Key Points

Product Portfolio
The company's diversified portfolio comprises products under hot-rolled, cold-rolled, galvanneal, galvanised/galvalume, pre-painted, tinplate, electrical steel, TMT bar, wire rod, special steel bar, round and bloom categories.[1]

  • Market Cap 2,30,790 Cr.
  • Current Price 944
  • High / Low 1,063 / 762
  • Stock P/E 36.4
  • Book Value 320
  • Dividend Yield 0.77 %
  • ROCE 14.2 %
  • ROE 11.7 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 26.6%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
28,000 28,850 36,011 31,105 32,494 30,935 37,153 32,791 33,738 33,310 35,341 32,654 30,778
19,327 22,053 29,104 27,753 30,752 26,905 30,906 27,930 26,840 27,531 30,899 28,379 26,137
Operating Profit 8,673 6,797 6,907 3,352 1,742 4,030 6,247 4,861 6,898 5,779 4,442 4,275 4,641
OPM % 31% 24% 19% 11% 5% 13% 17% 15% 20% 17% 13% 13% 15%
919 394 -306 283 422 315 552 438 630 386 211 396 97
Interest 802 887 1,317 1,030 1,093 1,344 1,556 1,457 1,531 1,551 1,569 1,590 1,668
Depreciation 1,051 1,237 1,225 1,177 1,207 1,263 1,305 1,265 1,359 1,351 1,460 1,460 1,488
Profit before tax 7,739 5,067 4,059 1,428 -136 1,738 3,938 2,577 4,638 3,263 1,624 1,621 1,582
Tax % 30% 32% 35% 33% -33% 29% 28% 34% 37% 26% 38% 26% 18%
5,383 3,424 2,637 956 -91 1,234 2,838 1,705 2,913 2,416 1,007 1,205 1,299
EPS in Rs 22.27 14.17 10.91 3.95 -0.38 5.11 11.74 7.05 11.91 9.88 4.12 4.93 5.31
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
35,492 45,298 46,087 36,707 52,290 66,464 77,187 64,262 70,727 118,820 131,687 135,180 132,083
29,181 36,511 37,216 30,338 40,612 52,569 58,668 51,716 51,438 86,890 116,255 113,119 112,946
Operating Profit 6,311 8,787 8,872 6,369 11,678 13,895 18,519 12,546 19,289 31,930 15,432 22,061 19,137
OPM % 18% 19% 19% 17% 22% 21% 24% 20% 27% 27% 12% 16% 14%
-109 -1,366 70 -5,542 121 -175 398 -710 253 1,145 1,511 1,584 1,090
Interest 1,724 2,740 2,909 3,219 3,643 3,591 3,789 4,022 3,565 3,849 5,023 6,108 6,378
Depreciation 1,974 2,726 2,784 2,847 3,025 3,054 3,421 3,522 3,781 4,511 4,952 5,435 5,759
Profit before tax 2,504 1,955 3,249 -5,239 5,131 7,075 11,707 4,292 12,196 24,715 6,968 12,102 8,090
Tax % 28% 32% 33% -33% 30% 35% 31% -23% 31% 32% 29% 34%
1,801 1,335 2,166 -3,530 3,577 4,625 8,121 5,291 8,393 16,702 4,937 8,041 5,927
EPS in Rs 8.07 5.52 8.96 -14.60 14.80 19.13 33.60 21.89 34.72 69.10 20.42 32.88 24.24
Dividend Payout % 16% 25% 15% -6% 19% 21% 15% 11% 23% 31% 21% 28%
Compounded Sales Growth
10 Years: 12%
5 Years: 12%
3 Years: 24%
TTM: -2%
Compounded Profit Growth
10 Years: 14%
5 Years: 0%
3 Years: -2%
TTM: -26%
Stock Price CAGR
10 Years: 23%
5 Years: 30%
3 Years: 13%
1 Year: 23%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 16%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 284 303 303 301 301 302 301 301 302 301 301 305 305
Reserves 19,374 23,217 24,657 20,109 23,797 27,605 34,592 38,061 46,675 63,200 63,358 74,978 77,968
18,187 27,949 28,899 35,658 38,273 36,181 43,706 54,710 54,962 53,186 57,203 61,180 68,266
16,770 16,957 21,034 17,440 18,588 21,463 28,826 28,970 31,293 46,183 51,979 48,975 44,759
Total Liabilities 54,615 68,426 74,892 73,508 80,959 85,551 107,425 122,042 133,232 162,870 172,841 185,438 191,298
27,639 37,295 38,569 46,560 50,266 49,568 51,772 50,542 51,942 71,646 75,056 79,586 78,934
CWIP 5,075 6,857 7,790 6,439 3,027 3,392 10,443 24,141 29,042 12,599 10,506 10,856 11,263
Investments 4,636 4,381 4,197 4,764 5,050 4,878 5,397 5,999 12,458 18,028 24,320 30,141 32,354
17,266 19,893 24,336 15,744 22,616 27,713 39,813 41,360 39,790 60,597 62,959 64,855 68,747
Total Assets 54,615 68,426 74,892 73,508 80,959 85,551 107,425 122,042 133,232 162,870 172,841 185,438 191,298

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3,925 5,274 8,466 5,670 8,561 12,174 15,578 14,110 17,557 23,335 20,444 5,449
-4,451 -4,687 -6,275 -5,033 -6,284 -6,134 -11,432 -19,092 -3,759 -17,652 -7,361 -8,687
124 -366 -1,805 -982 -2,030 -6,301 725 3,054 -6,115 -9,134 -7,085 -5,477
Net Cash Flow -403 220 386 -345 247 -261 4,871 -1,928 7,683 -3,451 5,998 -8,715

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 19 18 16 25 28 26 32 18 17 19 17 18
Inventory Days 78 84 120 123 121 98 100 105 139 158 94 120
Days Payable 151 135 175 201 152 136 121 146 158 183 148 140
Cash Conversion Cycle -54 -34 -39 -53 -3 -12 11 -23 -2 -6 -37 -3
Working Capital Days -17 -18 -23 -68 -33 -24 -39 -57 -31 -12 -32 -7
ROCE % 13% 14% 12% 7% 15% 17% 22% 11% 17% 27% 10% 14%

Shareholding Pattern

Numbers in percentages

86 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
44.72% 45.01% 45.02% 45.20% 45.20% 45.41% 45.41% 44.79% 44.81% 44.81% 44.81% 44.84%
11.21% 11.58% 10.61% 10.75% 26.04% 26.01% 25.98% 26.13% 26.33% 26.06% 25.52% 25.66%
8.38% 7.94% 9.07% 9.25% 9.34% 9.47% 9.59% 9.50% 9.48% 9.81% 10.52% 10.53%
0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51% 0.51%
34.85% 34.65% 34.14% 33.70% 18.35% 18.07% 17.99% 18.64% 18.47% 18.44% 18.30% 18.22%
0.33% 0.31% 0.65% 0.60% 0.57% 0.53% 0.51% 0.43% 0.41% 0.37% 0.34% 0.24%
No. of Shareholders 6,79,9066,59,8796,94,9166,67,1736,08,4486,05,0195,86,9976,63,1796,41,5826,71,7796,35,6806,32,249

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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