JSW Steel Ltd.

NSE: JSWSTEEL · Metals & Mining

₹1,357.10+0.11%06 Nov 2026

Ask the data

Instant answers about JSW Steel Ltd. — computed from its filings, no language model

Market cap₹3,31,132 cr

Current price₹1,357.10

High / Low₹1,357 / ₹1,079

P/E11.6

P/B2.92

Book value₹464.4

ROE25.1%

ROCE25.0%

Debt / equity0.58

Dividend yield0.21%

EPS (TTM)₹116.55

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	71,503	84,757	73,326	79,839	1,46,371	1,65,960	1,75,006	1,85,470
EBITDA	14,794	18,952	11,873	20,141	39,007	18,547	28,236	29,821
Operating margin	20.7%	22.4%	16.2%	25.2%	26.6%	11.2%	16.1%	16.1%
Interest	3,701	3,917	4,265	3,957	4,968	6,902	8,105	9,102
Depreciation	3,387	4,041	4,246	4,679	6,001	7,474	8,172	9,601
Profit before tax	7,609	11,198	3,103	12,014	28,828	5,792	13,552	29,725
Tax	1,538	3,644	-906	4,142	8,807	1,516	4,407	3,742
Net profit	6,214	7,639	4,030	7,911	20,665	4,144	8,812	22,316
EPS ₹	25.85	31.77	16.78	32.91	85.96	17.25	36.34	91.43
Operating cash flow	—	—	—	—	26,270	23,323	12,078	25,152
Capex	—	—	—	—	10,091	14,324	15,801	14,654
Dividend paid	—	—	—	—	1,571	4,194	822	685
Total assets	92,018	1,14,914	1,31,820	1,47,163	1,96,485	2,11,078	2,28,198	2,69,676
Equity	27,998	34,795	36,599	45,610	67,297	65,695	77,669	1,00,053

Quarterly performance

last 32 quarters · ₹ crore

showing latest 8 of 32 periods

	MAR '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	20,817	21,552	20,318	22,368	19,812	17,572	18,055	17,887	11,782	19,264	21,859	26,934	28,902	32,503	38,071	46,895	41,778	39,134	46,962	42,213	44,584	41,940	46,269	42,943	39,684	41,378	43,147	45,152	45,991	51,180	47,364	54,486
Operating profit	5,290	4,906	4,501	4,440	3,716	2,731	2,451	2,975	1,341	4,414	5,946	8,440	10,274	10,417	9,132	9,184	1,752	4,547	7,939	7,046	7,886	7,180	6,124	5,510	5,437	5,579	7,576	7,115	6,496	8,634	9,383	10,120
Operating margin	25.4%	22.8%	22.2%	19.8%	18.8%	15.5%	13.6%	16.6%	11.4%	22.9%	27.2%	31.3%	35.5%	32.0%	24.0%	19.6%	4.2%	11.6%	16.9%	16.7%	17.7%	17.1%	13.2%	12.8%	13.7%	13.5%	17.6%	15.8%	14.1%	16.9%	19.8%	18.6%
Other income	45	56	37	53	141	156	127	122	132	152	147	161	198	946	154	233	188	188	465	331	237	194	242	164	153	147	350	284	273	341	724	441
Interest	883	963	1,021	1,046	1,042	1,127	1,060	1,036	1,016	959	977	1,005	993	936	1,283	1,756	1,523	1,819	2,138	1,963	2,084	1,996	2,062	2,073	2,130	2,115	2,217	2,413	2,304	2,168	1,712	1,602
Depreciation	865	974	1,078	1,084	1,026	1,057	1,055	1,108	1,047	1,149	1,230	1,253	1,183	1,239	1,764	1,815	1,805	1,882	2,009	1,900	2,019	2,059	2,194	2,209	2,267	2,336	2,537	2,554	2,362	2,148	2,137	2,200
Profit before tax	3,587	3,025	2,439	2,363	1,789	703	463	148	-590	2,458	3,886	6,260	8,296	9,188	6,239	5,105	-797	1,034	4,257	3,514	4,609	3,319	2,110	1,392	851	1,172	3,172	2,432	1,574	22,547	6,258	6,759
Tax	715	936	820	835	762	-1,848	249	-69	-61	910	1,212	2,081	2,719	2,612	1,745	1,731	62	504	508	1,052	1,812	853	690	513	385	459	863	698	-953	3,134	1,464	1,692
Net profit	2,996	2,126	1,624	1,523	1,028	2,560	211	231	-561	1,593	2,681	4,198	5,904	7,170	4,357	3,234	-848	490	3,664	2,338	2,760	2,415	1,299	845	439	717	2,184	1,623	2,139	16,370	4,651	5,279
EPS ₹	12.45	8.83	6.76	6.35	4.28	10.66	0.88	0.96	-2.34	6.63	11.15	17.45	24.53	29.79	18.14	13.47	-3.53	2.04	15.24	9.72	11.38	9.92	5.33	3.47	1.80	2.94	8.95	6.66	8.76	67.07	19.05	21.63
Revenue YoY	—	—	—	7.5%	—	-18.5%	-11.1%	-20.0%	-40.5%	9.6%	21.1%	50.6%	145.3%	68.7%	74.2%	74.1%	28.5%	2.8%	0.1%	—	6.7%	7.2%	-1.5%	1.7%	-11.0%	-1.3%	0.5%	13.8%	11.1%	—	9.8%	20.7%
Profit YoY	—	—	—	-49.2%	—	20.4%	-87.0%	-84.8%	-154.6%	-37.8%	1170.6%	1717.3%	—	350.1%	62.5%	-23.0%	-111.8%	-88.8%	13.3%	—	—	392.9%	-64.5%	-63.9%	-84.1%	-70.3%	158.5%	269.7%	198.3%	—	113.0%	225.3%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

JSW Steel Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	14,136	18,314	23,369	32,123	35,492	45,298	46,087	36,707	56,913
Operating profit	2,602	4,363	4,681	5,594	6,309	8,783	8,682	5,723	11,629
Operating margin	18.4%	23.8%	20.0%	17.4%	17.8%	19.4%	18.8%	15.6%	20.4%
Other income	128	443	178	103	261	331	467	310	255
Interest	797	863	698	1,081	1,724	2,740	2,909	2,687	3,464
Depreciation	828	1,123	1,379	1,708	1,974	2,726	2,784	2,551	3,289
Profit before tax	678	2,820	2,492	2,095	2,504	1,955	3,249	-5,067	5,131
Tax	219	797	482	469	703	621	1,082	-1,568	1,555
Net profit	458	2,023	2,011	1,626	1,801	1,335	2,166	-3,498	3,577

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	2,494	2,563	4,190	3,671	4,309	2,827	3,329	3,917	4,579	4,613	5,205	4,680	5,776	5,808	7,105	7,069	7,632	7,876	9,545	9,038	8,871	8,292	9,291	9,358	11,486	11,964	12,489	11,546	12,053	11,505	10,982	10,128	9,765	7,269	9,544	12,021	13,357	14,583	16,952	15,096	14,956	16,453
Operating profit	836	738	947	633	1,130	433	406	747	1,167	1,118	1,331	1,034	992	1,000	1,654	1,394	1,296	1,253	1,652	1,773	1,525	1,314	1,697	1,749	2,234	2,303	2,496	2,461	2,430	2,117	1,673	1,505	1,566	878	1,774	3,098	2,718	2,809	3,004	2,198	2,927	3,573
Operating margin	33.5%	28.8%	22.6%	17.2%	26.2%	15.3%	12.2%	19.1%	25.5%	24.2%	25.6%	22.1%	17.2%	17.2%	23.3%	19.7%	17.0%	15.9%	17.3%	19.6%	17.2%	15.8%	18.3%	18.7%	19.4%	19.3%	20.0%	21.3%	20.2%	18.4%	15.2%	14.9%	16.0%	12.1%	18.6%	25.8%	20.3%	19.3%	17.7%	14.6%	19.6%	21.7%
Other income	125	35	36	27	3	1	97	241	1	104	96	3	163	8	4	17	37	1	48	72	78	57	54	72	121	61	77	98	119	88	161	92	106	96	16	44	53	78	82	48	49	43
Interest	68	95	191	153	196	233	215	221	230	218	194	214	199	132	153	197	234	282	368	407	421	455	442	642	689	719	690	723	720	781	685	653	675	662	697	863	916	901	785	907	919	892
Depreciation	135	170	233	185	198	214	231	272	281	286	285	317	332	346	383	388	404	444	472	468	481	498	527	644	685	690	706	663	699	712	710	752	510	642	647	744	788	794	963	732	772	769
Profit before tax	711	462	698	322	471	-191	76	496	658	718	948	506	624	530	833	826	182	27	1,060	379	1,124	91	911	-317	141	954	1,177	1,173	1,131	611	335	46	371	-5,928	445	1,535	1,066	1,192	1,338	607	1,285	1,721
Tax	200	134	237	102	154	-63	26	156	207	204	231	156	178	147	0	248	55	-141	307	110	302	-46	338	-96	40	302	375	371	369	196	146	15	130	-1,786	72	453	395	373	334	188	440	595
Net profit	511	328	461	219	317	-128	49	340	452	514	717	350	445	382	833	578	127	168	752	269	822	137	573	-221	101	652	802	801	762	415	189	31	241	-4,142	372	1,082	672	819	1,003	419	845	1,126
EPS ₹	30.68	19.52	25.17	11.27	16.52	-7.27	2.18	17.72	23.69	27.04	37.89	18.29	23.38	17.21	36.96	25.56	5.33	7.18	33.35	11.69	36.49	5.76	25.33	-9.47	3.85	26.64	32.84	32.81	31.16	16.81	7.46	0.92	9.62	-171.71	15.05	45.08	27.94	3.41	4.18	1.75	3.51	4.68
Revenue YoY	—	—	—	—	72.8%	10.3%	-20.6%	6.7%	6.3%	63.2%	56.4%	19.5%	26.1%	25.9%	36.5%	51.0%	32.1%	35.6%	34.3%	27.8%	16.2%	5.3%	-2.7%	3.5%	29.5%	44.3%	34.4%	23.4%	4.9%	-3.8%	-12.1%	-12.3%	-19.0%	-36.8%	-13.1%	18.7%	36.8%	100.6%	77.6%	25.6%	12.0%	12.8%
Profit YoY	—	—	—	—	-37.9%	-138.9%	-89.3%	55.0%	42.2%	—	1357.2%	3.0%	-1.4%	-25.7%	16.1%	65.1%	-71.5%	-56.0%	-9.7%	-53.5%	546.8%	-18.7%	-23.8%	-182.1%	-87.7%	377.0%	39.9%	—	652.3%	-36.4%	-76.5%	-96.2%	-68.4%	-1098.9%	97.2%	3420.0%	178.7%	—	169.6%	-61.3%	25.8%	37.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 22 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	18.1%	19.4%	15.3%	11.0%	6.7%	4.0%	10.8%	17.3%	31.5%	43.7%	47.4%	30.7%	8.6%	12.5%	15.1%	11.3%	9.4%	6.3%	4.1%	22.3%	24.8%	25.1%
ROCE	19.3%	16.3%	13.6%	8.2%	5.5%	7.3%	11.0%	14.5%	22.6%	28.7%	31.1%	24.6%	10.7%	13.9%	15.5%	13.3%	12.0%	9.3%	8.1%	19.9%	21.2%	25.0%
Net margin	7.5%	8.4%	6.8%	5.5%	3.7%	2.2%	5.6%	9.9%	14.8%	18.1%	17.1%	14.1%	3.3%	5.4%	6.4%	5.0%	4.2%	2.9%	1.9%	12.0%	13.1%	14.3%
EBITDA margin	20.9%	19.2%	17.1%	16.2%	14.5%	16.7%	20.7%	25.2%	30.0%	31.8%	30.3%	26.6%	12.5%	15.9%	17.1%	16.1%	15.2%	14.2%	13.3%	16.1%	16.7%	17.4%
Debt / equity	1.03	1.03	1.03	1.45	1.45	1.45	1.45	1.41	1.41	1.41	1.41	1.04	1.20	1.08	1.08	1.10	1.10	1.16	1.16	0.95	0.95	0.58
Interest coverage	3.36	2.72	2.24	1.73	1.17	1.61	2.48	4.04	6.31	8.06	8.11	6.80	2.08	2.68	2.92	2.67	2.39	1.93	1.66	4.27	4.82	5.77
Asset turnover	0.73	0.70	0.68	0.56	0.50	0.51	0.54	0.54	0.66	0.75	0.86	0.74	0.81	0.80	0.81	0.77	0.77	0.73	0.73	0.69	0.70	0.79

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	1,067	1,067	301	301	302	301	301	302	301	301	301	305	305	305	305	305	305
Other equity / reserves	20,871	21,987	18,665	22,346	27,696	34,494	36,298	45,308	66,996	61,706	65,394	73,653	77,364	79,361	82,628	99,748	1,13,001
Total equity	21,938	23,054	18,965	22,647	27,998	34,795	36,599	45,610	67,297	62,007	65,695	73,958	77,669	79,666	82,933	1,00,053	1,13,306
Borrowings	31,590	34,885	37,811	37,297	33,900	35,989	52,998	64,383	69,975	75,559	78,572	79,920	85,575	92,355	98,230	95,532	66,251
Current liabilities	—	—	25,486	29,560	28,964	42,008	43,688	43,299	57,551	54,788	69,963	69,326	66,065	58,717	70,763	69,370	68,143
Non-current liabilities	—	—	38,208	36,128	35,520	38,561	52,108	58,873	70,399	78,396	74,076	71,213	82,357	92,691	94,522	94,824	70,865
Total assets	77,640	85,919	82,465	88,089	92,018	1,14,914	1,31,820	1,47,163	1,96,485	1,96,479	2,11,078	2,15,938	2,28,198	2,33,168	2,50,435	2,69,676	2,52,634
Property, plant & equipment	45,386	50,496	55,099	57,786	57,054	61,604	57,625	58,857	92,952	94,388	97,699	1,02,122	1,05,123	1,06,196	1,18,088	1,09,532	1,10,426
Capital work-in-progress	9,329	8,066	7,035	4,081	5,629	11,540	26,857	32,433	16,756	18,907	21,921	28,379	29,216	29,555	20,544	21,892	26,025
Investments	663	599	0	1,366	1,469	1,894	1,259	7,427	4,940	5,087	10,254	7,185	7,246	10,740	15,606	10,218	13,443
Inventories	8,155	11,009	8,321	11,395	12,594	14,548	13,773	14,249	33,787	32,501	33,135	33,842	37,815	37,240	39,676	32,765	36,056
Receivables	2,292	2,500	2,727	4,149	4,704	7,160	4,505	4,486	7,457	6,827	7,134	7,187	7,548	8,002	9,149	11,260	12,343
Cash & equivalents	663	1,913	833	917	582	5,581	3,966	11,943	8,808	8,786	15,424	5,537	8,030	5,992	10,093	39,256	6,658

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 10 periods

	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY26
Cash from operations	6,897	7,888	12,379	14,633	12,785	18,831	26,270	23,323	12,078	25,152
Cash from investing	-3,854	-5,094	-4,529	-11,448	-19,586	-9,827	-14,745	-10,711	-14,638	18,602
Cash from financing	-3,151	-2,710	-8,185	1,753	5,189	-1,444	-14,657	-5,977	-4,827	-16,111
Capex	5,166	4,435	4,736	10,206	12,810	10,966	10,091	14,324	15,801	14,654
Free cash flow	1,731	3,453	7,643	4,427	-25	7,865	16,179	8,999	-3,723	10,498
Dividends paid	320	218	635	933	1,195	483	1,571	4,194	822	685

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,10,426 cr44%

CWIP

₹26,025 cr10%

Investments

₹13,443 cr5%

Inventories

₹36,056 cr14%

Receivables

₹12,343 cr5%

Cash & equivalents

₹6,658 cr3%

Other assets

₹47,683 cr19%

Peer comparison

largest in Metals & Mining · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Enterprises Ltd.	3,71,671	2,745.80	64.8	3.79	5.9%
JSW Steel Ltd.	3,31,132	1,357.10	11.6	2.92	25.1%
Hindustan Zinc Ltd.	2,40,022	568.10	—	8.01	0.0%
Tata Steel Ltd.	2,32,398	186.30	21.1	2.27	10.8%
Hindalco Industries Ltd.	2,12,765	958.40	11.1	1.33	12.0%
Vedanta Aluminium Metal Ltd.	1,47,058	376.05	—	6.38	—
Jindal Steel Ltd.	1,18,597	1,165.00	41.5	2.26	5.5%
Vedanta Ltd.	1,02,344	261.75	4.8	8.02	168.7%
Lloyds Metals And Energy Ltd.	1,00,524	1,785.50	19.2	6.20	32.3%
Steel Authority of India Ltd.	70,880	171.60	12.6	1.13	9.0%

StoxGud checklist: Bullish setup · 9/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+10.3%

6 months+5.7%

1 year+12.4%

3Y CAGR+21.6%

5Y CAGR+14.6%

10Y CAGR+23.8%

50-day avg₹1,265.73

200-day avg₹1,248.88

RSI (14)73

Long-term financials (FY15–FY16)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY16	₹46,304 Cr	—	₹-95 Cr
FY15	₹57,493 Cr	—	₹-75 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare JSW Steel Ltd. with

Adani Enterprises vs JSW Steel JSW Steel vs Hindustan Zinc JSW Steel vs Tata Steel JSW Steel vs Hindalco Industries

FAQs

What is the share price of JSW Steel Ltd.?

JSW Steel Ltd. (JSWSTEEL) closed at ₹1,357.10 on NSE on 06 Nov 2026.

What is the market cap of JSW Steel Ltd.?

₹3,31,132 crore at the latest close.

What is the P/E ratio of JSW Steel Ltd.?

11.6, on trailing-twelve-month earnings from its filings.

How fast is JSW Steel Ltd. growing?

JSW Steel Ltd.: revenue has compounded at 8.2% a year over three years; net profit at 2.6% a year. Latest-quarter revenue is up 20.7% year on year, profit up 225.3%.

How profitable is JSW Steel Ltd.?

On a trailing-twelve-month basis return on equity is 25.1%, return on capital employed 25.0%, operating margin 17.4%, net margin 14.3%.

How much debt does JSW Steel Ltd. have?

JSW Steel Ltd. is moderately geared: debt to equity is 0.58 with borrowings of ₹66,251 cr against cash of ₹6,658 cr (balance sheet of 2026-09-30). Operating profit covers interest 5.8 times.

Financials parsed from JSW Steel Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.