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JSWSTEEL · NSE · Iron & Steel

JSW Steel Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Industrials
fair low confidence No valuation within 120 days; P/E 11.5 vs peers 16.6 (4th of 12); P/B 4.0 vs peers 3.1 (9th of 12).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is JSW Steel's share price today?

JSW Steel last traded at ₹1,173.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 0.4% on the day, up 0.6% over a year. Its 52-week range is ₹1,073 to ₹1,351. The live price is in the app.

₹1,173.00 +0.4% today
+0.6% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range36% of the way up
Low ₹1,073High ₹1,351

What is JSW Steel's market cap?

JSW Steel's market capitalisation is about ₹2.86 lakh crore: what it would cost to buy every share at today's price. That makes it the 28th largest large cap company we cover.

₹2.9 L Cr Large Cap28th largest large cap company
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: JSWSTEEL
ISIN
INE019A01038
Cap bucket
Large Cap, 28th largest by market cap
Industry (NSE)
Commodities › Metals & Mining › Ferrous Metals › Iron & Steel
Listed since
2005
Futures and options
Traded

Is JSW Steel overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 11.5 vs peers 16.6 (4th of 12); P/B 4.0 vs peers 3.1 (9th of 12).

Valuation

Latest price and trailing 12 months
P/E 11.50
vs peers 16.6 · 4th of 12
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 4.00
vs peers 3.1 · 9th of 12
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹2.86 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 0.8%
vs peers 1.8% · 7th of 11
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 0.14
vs peers 2.2 · 1st of 10
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 0.15
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is JSW Steel a quality business?

Quality score 43.6, 7th of 12 in its peer set; WATCH on 30 of 30 flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 43.6
vs peers 49.1 · 7th of 12
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level WATCH
30 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 7.9%
vs peers 17.3% · 11th of 12
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 9.9%
vs peers 18.3% · 10th of 12
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 11.8%
vs peers 18.7% · 7th of 12
Profit after everything, as a share of revenue. Learn more →
EPS ₹83.63
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
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Has JSW Steel made money for shareholders?

Yes: +0.6% over one year and +13.4% a year over five years.

Shareholder returns

1-year return +0.6%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +13.4% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
−5.5%
1M
−5.0%
3M
−5.6%
6M
−3.0%
1Y
+0.6%
3Y
+19.4%
5Y
+13.4%

Does JSW Steel pay a dividend?

Yes. JSW Steel's dividend yield is 0.79% at the latest price; the last payout was ₹7.10 a share, ex-dividend 7 Jul 2026.

Dividends

Per share, by ex-dividend date
Dividend yield0.79%
The past 12 months' dividends as a share of today's price.
7 Jul 2026 · Final₹7.10
8 Jul 2025 · Final₹2.80
9 Jul 2024 · Final₹7.30
11 Jul 2023 · Final₹3.40
4 Jul 2022 · Final₹17.35
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is JSW Steel growing?

Revenue 3 years 6.8% a year; profit 3 years 75.3% a year; revenue 5 years 7.0% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 6.8% a year
vs peers 6.5% · 6th of 12
Compound annual growth of revenue over three years. Learn more →
Profit 3 years 75.3% a year
vs peers 12.3% · 1st of 11
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 7.0% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years 3.7% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years 74.5% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years 22.7% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history -50.2%
vs peers -2.0% · 1st of 11
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did JSW Steel do last quarter?

JSW Steel reported revenue of ₹46,662 Cr, up 9.9% on a year earlier and a net profit of ₹4,696 Cr, up 630.7% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹46,662 Cr
+9.9% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹4,696 Cr
+630.7% on a year earlier
What was left for shareholders after every cost and tax.

How does JSW Steel compare with its peers?

Compared with 12 Metals & Mining (the sector, as the industry was too small); 4th of 12 on P/E; 7th of 12 on quality score.

Compared with 12 Metals & Mining (the sector, as the industry was too small)

12 companies

JSW Steel against its peers

Largest 10 of 12 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
JSW Steel Ltd₹2.9 L Cr11.54.07.9%9.9%+0.6%
Hindustan Zinc Ltd₹2.3 L Cr13.59.476.7%66.1%+7.5%
Tata Steel Ltd₹2.2 L Cr19.61.49.7%11.0%+0.5%
Hindalco Industries Ltd₹2.0 L Cr12.22.613.7%16.7%+16.9%
Vedanta Aluminium Metal Ltd₹1.5 L Cr————−25.1%
Jindal Steel Ltd₹1.0 L Cr38.02.18.1%10.7%+0.9%
Vedanta Ltd₹1.0 L Cr9.63.317.3%2.0%−44.9%
Lloyds Metals & Energy Ltd₹1.0 L Cr20.66.135.1%35.8%+37.8%
Steel Authority of India Ltd₹70,859 Cr16.61.16.6%7.3%+29.5%
NMDC Ltd₹63,125 Cr8.52.023.4%26.4%−6.9%
Jindal Stainless Ltd₹58,455 Cr18.03.116.2%18.3%−8.4%
Peer median—16.63.117.3%18.3%+4.2%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns JSW Steel?

JSW Steel is held by promoters 44.3%, foreign institutions 25.9%, domestic institutions 11.5%.

Shareholding pattern

Latest filing, percent of shares
Promoters44.3%
The founders and controlling group.
Foreign institutions25.9%
Overseas funds investing through the FPI route.
Domestic institutions11.5%
Indian insurers, banks, pension and mutual funds together.
Mutual funds5.9%
Indian mutual fund schemes; part of domestic institutions.
Retail and others3.4%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about JSW Steel?

34 analysts cover JSW Steel, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

34 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does JSW Steel do and what is it sensitive to?

JSW Steel manufactures and sells steel products including hot rolled coils, galvanised coils, cold rolled coils, long rolled products, and iron ore, serving automotive, construction, infrastructure, and general engineering sectors across India and 77 countries. Sensitive to: steel product prices (commodity price risk).

Business-model card

FY2025 · 59 verified
0Revenue
5Channels
5Regulators
8Reg. dependencies
9Sensitivities
6Costs
3Geographies

JSW Steel manufactures and sells steel products including hot rolled coils, galvanised coils, cold rolled coils, long rolled products, and iron ore, serving automotive, construction, infrastructure, and general engineering sectors across India and 77 countries. Revenue is earned through sale of steel products at market-determined prices, with 86.44% of consolidated sales from the Indian domestic market.

Revenue by segment

year ended 31 March 2025 (consolidated)
Within India86.4%
Outside India13.6%

Customers & channels

5 verified
Export markets across 77 countries
13.56% of consolidated sales from exports; global presence provides flexibility to capitalise on export markets; exports accounted for 5.5% of entity turnover
Automotive sector customers
Steel products used in automotive applications; demand driven by EV revolution and advanced high-strength steel (AHSS) requirements for safety and fuel efficiency
Construction and infrastructure customers
Steel demand driven by infrastructure-led growth from government capital expenditure, Smart Cities Mission, PMAY and AMRUT schemes
2 more statements
Subsidiary JSW Steel Coated Products Limited
Accounts for 14.3% of single largest customer revenue (₹19,209 crore net of GST and cess in FY2025), receiving coated steel products from parent
Distributor channel via Distributor Management System (DMS)
Salesforce-powered platform digitising over 80 channel processes including inventory management, returns and retailer engagement across HR, CR, WR, TMT and Coated product categories

Regulators

5 verified
Ministry of Corporate Affairs (MCA)
Governs company formation, capital raising and corporate governance under Companies Act 2013; applicable to issuance of equity shares
Reserve Bank of India (RBI)
Regulates foreign exchange management and debt instruments; applicable to borrowings in foreign currency and FEMA compliance
Department for Promotion of Industry and Internal Trade (DPIIT)
Issues consolidated FDI policy and governs foreign direct investment restrictions on raising capital or acquiring companies outside India
2 more statements
Ministry of Commerce and Industry
Issues FDI policy circulars governing foreign investment and cross-border acquisition restrictions
EU regulatory authorities
Enforce Emission Trading System (ETS) compliance and maritime fuel compliance; creates additional ocean freight cost for exports to Europe

Regulatory dependencies

8 verified
Safeguard duty on imported steel
Government safeguard duties protect domestic steel pricing from low-cost imports (particularly from China); withdrawal or reduction would increase competitive pressure and reduce domestic prices
Foreign Direct Investment (FDI) restrictions
Legal restrictions on raising capital or acquiring companies outside India limit capital deployment options and international expansion; loosening could enable offshore growth
EU Emission Trading System (ETS) compliance
Adds material ocean freight cost for exports to Europe; stricter climate norms or higher ETS carbon prices increase export costs to developed markets
5 more statements
Foreign Exchange Management Act (FEMA) compliance
Governs borrowing in foreign currency and non-debt instruments (equity); restrictions on cross-border capital flows affect financing costs and structure
US tariff policy on steel imports
US tariffs announced in April 2024 initially announced but diluted through bilateral negotiations; tariff escalation would restrict US market access and reduce export revenue
Government capital expenditure allocation
Central government capex is key demand driver; Union Budget FY2025-26 allocated ₹11.21 lakh crore; reduction in infrastructure spending would directly lower steel consumption
Mining license and rights to explore
Company acquisition and operation of mining licenses for iron ore subject to government control; failure to commission mines within contemplated time and costs creates execution risk
Free Trade Agreements (FTAs) with trade partners
Government negotiation of FTAs with EU, UK and other regions mitigates tariff risk; favorable terms reduce export barriers and pricing pressure

Sensitivities

9 verified
Steel product prices (commodity price risk)
Prices determined by market forces; adverse changes in supply-demand, production costs and global economic conditions reduce revenue from steel product sales
Iron ore and coking coal prices
Primary raw materials; price increases raise operating costs; decreases improve margins; significant contribution to operating costs
Foreign exchange fluctuations (USD/INR, EUR/INR, YEN/INR)
For 1% INR weakening: USD exposure costs ₹628 crores (FY2025), EUR costs ₹60 crores, YEN costs ₹29 crores; strengthens export competitiveness but increases foreign currency borrowing costs
6 more statements
China's steel export surge
China accounts for nearly half of world steel industry; 5% consumption decline in 2024 due to real estate weakness leads to excess Chinese exports causing over supply and subdued global steel pricing
Power and fuel costs
Increased by ₹561 crore (5% y-o-y) to ₹12,136 crore in FY2025 due to higher production volumes, higher steam coal rates and increased natural gas prices; energy price increases directly raise manufacturing costs
India per capita steel consumption elasticity
Elasticity of 1.5x (ratio of steel consumption growth to GDP growth) vs pre-pandemic 0.8x reflects infrastructure-led growth phase; elasticity decline as growth moderates would reduce steel demand
Global geopolitical conflicts
Russia-Ukraine and Middle East conflicts create macroeconomic headwinds; geopolitical escalation impairs global growth and steel demand outlook
Indian monsoon rainfall
Above-normal monsoon supports rural recovery and agricultural purchasing power, boosting consumer durables demand for steel; below-normal monsoon reduces rural consumption
Indian manufacturing production and capacity utilisation
Rising trends in capacity utilisation support private capex and steel demand; declining capacity utilisation signals investment slowdown and reduced steel consumption

Cost inputs

6 verified
Iron ore
Primary raw material; sourced from company's own mines in Odisha; mining premium and royalties decreased ₹867 crore (9%) to ₹9,144 crore in FY2025 due to decreased production volume from mine surrendering
Coking coal
Primary raw material for steel production; subject to price fluctuations in global commodity markets
Power and fuel (steam coal, natural gas)
Manufacturing input; increased ₹561 crore (5%) to ₹12,136 crore in FY2025 due to higher production volumes, higher steam coal rates from sourcing mix changes and increased natural gas prices
3 more statements
Employee remuneration and benefits
Labour cost; increased ₹131 crore (6%) to ₹2,488 crore in FY2025 due to annual increments and marginal headcount increase from 15,493 to 15,793; wage increases in India create cost pressure
Manufacturing and other expenses
Includes power, fuel, maintenance and overhead costs; increased ₹253 crore (1%) to ₹30,121 crore in FY2025
Ocean freight for exports
Export logistics cost; increased by EU Emission Trading System compliance and maritime fuel compliance, creating additional freight cost for exports to Europe

Geographies

3 verified
Planned international expansion to Sri Lanka and Nepal
JSW Shoppe retail franchise model to expand internationally starting with Sri Lanka and Nepal; represents future geographic revenue diversification
US and Europe markets (export risk)
Demand may see bottoming out with easing financial conditions; trade-related developments and tariffs create near-term headwinds; tariffs adversely affect affordability
Odisha (mining operations)
Location of Jajang iron ore mines which were surrendered in FY2025; mining premium and royalty costs decreased due to mine closure affecting production volume
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (17 Jul 2026).

Change log

6 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Results filedQ4 FY2026 results filed.
  3. Results filedQ3 FY2026 results filed.
  4. Results filedQ2 FY2026 results filed.
  5. Results filedQ1 FY2026 results filed.
  6. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsWATCH on 30 of 30 flags judged; 2 red.
  • Data gapsBusiness quality: not available yet.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓253 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 59 verified

Questions people ask

What is JSW Steel's share price today?

JSW Steel last traded at ₹1,173.00 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 0.4% on the day, up 0.6% over a year. Its 52-week range is ₹1,073 to ₹1,351. The live price is in the app.

What is JSW Steel's market cap?

JSW Steel's market capitalisation is about ₹2.86 lakh crore: what it would cost to buy every share at today's price. That makes it the 28th largest large cap company we cover.

Is JSW Steel Ltd a large cap, mid cap or small cap?

JSW Steel Ltd (JSWSTEEL) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is JSW Steel Ltd's P/E ratio?

11.50, vs peers 16.6 · 4th of 12. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is JSW Steel Ltd overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 11.5 vs peers 16.6 (4th of 12); P/B 4.0 vs peers 3.1 (9th of 12).

How does JSW Steel Ltd make money?

JSW Steel manufactures and sells steel products including hot rolled coils, galvanised coils, cold rolled coils, long rolled products, and iron ore, serving automotive, construction, infrastructure, and general engineering sectors across India and 77 countries. Revenue is earned through sale of steel products at market-determined prices, with 86.44% of consolidated sales from the Indian domestic market.

Who are JSW Steel Ltd's peers?

Compared with 12 Metals & Mining (the sector, as the industry was too small): Hindustan Zinc Ltd, Tata Steel Ltd, Hindalco Industries Ltd, Vedanta Aluminium Metal Ltd, Jindal Steel Ltd and 7 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did JSW Steel do last quarter?

JSW Steel reported revenue of ₹46,662 Cr, up 9.9% on a year earlier and a net profit of ₹4,696 Cr, up 630.7% in the Jun 2026 quarter.

Who owns JSW Steel?

JSW Steel is held by promoters 44.3%, foreign institutions 25.9%, domestic institutions 11.5%.

Does JSW Steel pay a dividend?

Yes. JSW Steel's dividend yield is 0.79% at the latest price; the last payout was ₹7.10 a share, ex-dividend 7 Jul 2026.

What do analysts say about JSW Steel?

34 analysts cover JSW Steel, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on JSW Steel, and 6,621 other companies, with 212 filters and the full peer tables

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