JSW Steel vs Tata Steel
JSW Steel trades below its peers' median P/E (38% below), Tata Steel above it (77% above).
Tata Steel earns the higher return on equity: 9.7% against 7.9%.
JSW Steel grew revenue faster over three years: 6.8% a year against -1.4% a year.
Tata Steel fires fewer of our forensic red flags: 0 of 30 judged against 2 of 30 judged.
The latest change on file is Tata Steel's, on 8 Nov 2026: Q2 FY2027 results filed.
JSW Steel trades at a P/E of 11.60: 4th of 8 among its peers (peer median 18.8).
JSW Steel: the full company page →Tata Steel trades at a P/E of 20.45: 9th of 11 among its peers (peer median 11.6).
Tata Steel: the full company page →JSW Steel and Tata Steel, figure by figure
| Figure | JSW Steel | Tata Steel | Leads |
|---|---|---|---|
| Market cap | ₹3,30,405 Cr | ₹2,37,437 Cr | JSW Steel, larger |
| P/E | 11.60 | 20.45 | JSW Steel, cheaper |
| P/B | 4.00 | 1.39 | Tata Steel, cheaper |
| Dividend yield | 0.6% | 2.3% | Tata Steel, higher |
| ROE | 7.9% | 9.7% | Tata Steel, higher |
| ROCE | 9.9% | 11.0% | Tata Steel, higher |
| Profit margin | 13.0% | 4.5% | JSW Steel, higher |
| Revenue growth, 3 years | 6.8% a year | -1.4% a year | JSW Steel, faster |
| Profit growth, 3 years | 75.3% a year | 7.2% a year | JSW Steel, faster |
| 1-year return | +14.6% | +4.8% | JSW Steel, higher |
| 5-year return | +13.2% a year | +5.0% a year | JSW Steel, higher |
| Quality score | 51 | 48.1 | JSW Steel, higher |
| Our valuation view | Fair, medium confidence | Fair, low confidence | Level |
| Risk level | WATCH | CLEAN | Tata Steel, lower |
| Forensic red flags | 2 red of 30 judged | 0 red of 30 judged | Tata Steel, fewer |
The leading figure is in green: the lower for P/E, P/B, cost to income, NPAs, risk and red flags, the higher for the rest. P/E and P/B on the latest price; growth rates are yearly averages; returns are price only. Our valuation view and the red flags are explained on each company's page.
Which is bigger, JSW Steel or Tata Steel?
JSW Steel is the bigger company by market value: ₹3,30,405 Cr against ₹2,37,437 Cr for Tata Steel, about 1.4 times as large.
JSW Steel market cap is ₹3,30,405 crore (large cap), making it the 27th largest listed company on the NSE.
Tata Steel market cap is ₹2,37,437 crore (large cap), making it the 39th largest listed company on the NSE.
Which is cheaper on valuation, JSW Steel or Tata Steel?
JSW Steel is the cheaper of the two on P/E: 11.60 against 20.45 for Tata Steel.
On price to book, Tata Steel is the cheaper: 1.39 against 4.00.
Against their own peers' median P/E, JSW Steel trades 38% below its own (18.8) and Tata Steel trades 77% above its own (11.6).
Our valuation view: fair on JSW Steel (medium confidence) and fair on Tata Steel (low confidence). The view weighs the multiples against each company's peers and its own history.
Which is more profitable, JSW Steel or Tata Steel?
Tata Steel is the more profitable on return on equity: 9.7% against 7.9% for JSW Steel.
ROCE: Tata Steel 11.0%, JSW Steel 9.9%.
Profit margin: JSW Steel 13.0%, Tata Steel 4.5%.
Which grew faster, JSW Steel or Tata Steel?
JSW Steel grew faster over the last three years: revenue up 6.8% a year against -1.4% a year for Tata Steel.
Profit growth, 3 years: JSW Steel 75.3% a year, Tata Steel 7.2% a year.
Which has cleaner accounts, JSW Steel or Tata Steel?
Tata Steel has the cleaner accounts on our forensic checks: 0 red flags of 30 judged against 2 of 30 judged for JSW Steel.
JSW Steel: risk level WATCH, 30 of 30 flags judged.
Tata Steel: risk level CLEAN, 30 of 30 flags judged.
A red flag is a figure out of line with what clean accounts show, not a finding of wrongdoing.
What these figures tell you
More comparisons
What this page rests on
Every figure is the one JSW Steel's and Tata Steel's own pages print, from their filings with the exchanges and our arithmetic on them; each company is set against its own peer set. A side-by-side reading of the figures on both company pages, not a recommendation to buy, sell or hold either share. Which figure matters more depends on what you are looking for.