JSW Steel Share Price Target 2024 2025 2026 2027 2028 2029 2030 Fundamentals & Quarterly Results – In India, there is a steel manufacturer known as JSW Steel Limited. JSW Group’s flagship firm was founded in 1994, and it produces a variety of steel products such as Hot Rolled Steel, Galvanized Steel, Cold Rolled Steel, and Pre-painted Galvanized Steel among others. These products have made their way to different countries including the US, South America and Africa. The corporation has plants throughout India like the ones located in Karnataka, Tamil Nadu, Maharashtra while its registered office is situated in Mumbai city.
Latest Update – JSW Steel Ltd.’s net profit for the quarter ending June 30 was at 867 crore rupees compared with 2,428 crores in the corresponding quarter of previous year amidst poor realization in export markets and formidable rivalry from Chinese steel manufacturers.
JSW Steel Overview
Contents
JSW Steel is mainly involved in making and selling iron and steel products. It will be the leading company of diversified JSW Group which is valued at US$23 billion. The Group comprises businesses like energy, infrastructure, cement, paints, sports as well as managing money from investors interested in starting new businesses.
| Company Name | JSW Steel Limited |
|---|---|
| Listed at | NSE & BSE |
| Head Office | JSW Centre,, Bandra Kurla Complex, Bandra (East) Mumbai; Maharashtra; Postal Code: 400051 |
| Board Of Directors |
|
| Official Website | jsw.in |
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JSW Business Profile
The corporation additionally provides hot-dipped galvanized and galvalume goods, pre-painted hot-dipped galvanized and galvalume items, gold standard thermo mechanically treated bars (TMT), wire rods as well as unique steel bars. Different manufacturing units such as Vijayanagar Works (ISP), Dolvi Works (ISP), Salem Works (ISP), Bhushan Power & Steel Ltd, Salav Works or Mivaan Steels Ltd. produce the steel for this corporation. Moreover, JSW Steel caters to different customers in sectors like construction, infrastructure, automobile parts, electrical applications as well as appliances.
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Product Portfolio
The variety of items that the firm has comprises of hot-rolled, cold-rolled, galvanneal, galvanised/galvalume, pre-painted, tinplate, electrical steel, TMT bar, wire rod, special steel bar and round and bloom categories.
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Distribution Network
Today, the company operates roughly in 17,500 retail outlets located in over 530 districts throughout India. It has an extensive distribution line comprising of 2,475 points inclusive of 450 distributors along with 2,025 branded stores, while there are also 706 jsw shoppe urban places and 1,319 jsw shoppe connect semi urban/rural towns. There are more than 82,000 partners associated with JSW Privilege Club as well as 14 experience centers around the country.
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JSW One
In November 2023, the business introduced a private label called JSW One TMT. One of India’s most prominent all-inclusive B2B transaction networks designed for fulfilling MSME purchasing requirements. The stake held by JSW Steel is 69.01% while Mitsui and Co have bought an 8.2% share in JSW One. Approximately, there are nearly 43,000 registered users as of Q3FY24 who visited the site about 155,000 times with a repeat customer ratio of around 68%. Its yearly GMV amounts to more than 6,800 crores.
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NCDs
On January 24th, the company made a decision to issue Secured/Un-secured Redeemable Non-convertible Debentures worth approximately Rs. 2,000 Crores through private placement and/or public issuance in one or more tranches.
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JSW Steel Fundamentals & Quarterly Results
| Metric | Value |
|---|---|
| Market Cap | ₹ 2,22,157 Cr. |
| Current Price | ₹ 908 |
| High / Low | ₹ 959 / 723 |
| Stock P/E | 31.9 |
| Book Value | ₹ 318 |
| Dividend Yield | 0.80 % |
| ROCE | 13.3 % |
| ROE | 11.8 % |
| Face Value | ₹ 1.00 |
| FCF Prev Ann | ₹ 8,574 Cr. |
| Debt to Equity | 1.13 |
| Debt Preceding Year | ₹ 80,853 Cr. |
| Reserves | ₹ 77,364 Cr. |
| Quick Ratio | 0.40 |
| Current Ratio | 0.98 |
| Free Cash Flow | ₹ -3,469 Cr. |
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JSW Steel Quarterly Results
| Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 38,086 | 41,778 | 39,134 | 46,962 | 42,213 | 44,584 | 41,940 | 46,269 | 42,943 |
| Expenses + | 33,794 | 40,082 | 34,643 | 39,031 | 35,201 | 36,722 | 34,776 | 40,243 | 37,445 |
| Operating Profit | 4,292 | 1,696 | 4,491 | 7,931 | 7,012 | 7,862 | 7,164 | 6,026 | 5,498 |
| OPM % | 11% | 4% | 11% | 17% | 17% | 18% | 17% | 13% | 13% |
| Other Income + | 189 | 779 | 188 | 465 | 331 | 826 | 194 | 242 | 164 |
| Interest | 1,422 | 1,523 | 1,819 | 2,138 | 1,963 | 2,084 | 1,996 | 2,062 | 2,073 |
| Depreciation | 1,778 | 1,805 | 1,882 | 2,009 | 1,900 | 2,019 | 2,059 | 2,194 | 2,209 |
| Profit Before Tax | 1,281 | -853 | 978 | 4,249 | 3,480 | 4,585 | 3,303 | 2,012 | 1,380 |
| Tax % | 34% | 7% | 52% | 12% | 30% | 40% | 26% | 34% | 37% |
| Net Profit + | 839 | -915 | 474 | 3,741 | 2,428 | 2,773 | 2,450 | 1,322 | 867 |
| EPS in Rs | 3.47 | -3.51 | 2.03 | 15.16 | 9.67 | 11.29 | 9.88 | 5.31 | 3.46 |
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CAGR Report
| Metric | 10 Years | 5 Years | 3 Years | TTM / 1 Year |
|---|---|---|---|---|
| Compounded Sales Growth | 13% | 16% | 30% | 3% |
| Compounded Profit Growth | 38% | 2% | 2% | 36% |
| Stock Price CAGR | 22% | 32% | 7% | 15% |
| Return on Equity | 17% | 17% | 17% | 12% |
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| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Promoters + | 41.75% | 42.66% | 42.71% | 44.07% | 45.01% | 45.41% | 44.81% | 44.81% |
| FIIs + | 19.86% | 18.58% | 17.13% | 12.69% | 11.58% | 26.01% | 26.06% | 25.52% |
| DIIs + | 17.78% | 2.87% | 4.39% | 7.11% | 7.94% | 9.47% | 9.81% | 10.52% |
| Government + | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Public + | 19.65% | 34.74% | 34.65% | 35.15% | 34.65% | 18.07% | 18.44% | 18.30% |
| Others + | 0.45% | 0.64% | 0.61% | 0.47% | 0.31% | 0.53% | 0.37% | 0.34% |
| No. of Shareholders | 5,98,406 | 5,90,514 | 6,01,150 | 5,63,121 | 6,59,879 | 6,05,019 | 6,71,779 | 6,35,680 |
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| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | ₹1054.03 | ₹1191.69 | ₹1274.29 |
| 2025 | ₹1300 | ₹1222 | ₹1460 |
| 2026 | ₹1489 | ₹1399 | ₹1670 |
| 2027 | ₹1703 | ₹1601 | ₹1911 |
| 2028 | ₹1949 | ₹1832 | ₹2186 |
| 2029 | ₹2230 | ₹2097 | ₹2503 |
| 2030 | ₹2553 | ₹2399 | ₹2864 |
| Month | Target |
| January | ₹1300 |
| February | ₹1326 |
| March | ₹1353 |
| April | ₹1308 |
| May | ₹1264 |
| June | ₹1222 |
| July | ₹1271 |
| August | ₹1322 |
| September | ₹1375 |
| October | ₹1403 |
| November | ₹1431 |
| December | ₹1460 |
| Month | Target |
| January | ₹1489 |
| February | ₹1519 |
| March | ₹1549 |
| April | ₹1497 |
| May | ₹1447 |
| June | ₹1399 |
| July | ₹1455 |
| August | ₹1513 |
| September | ₹1574 |
| October | ₹1605 |
| November | ₹1637 |
| December | ₹1670 |
| Month | Target |
| January | ₹1703 |
| February | ₹1737 |
| March | ₹1772 |
| April | ₹1713 |
| May | ₹1656 |
| June | ₹1601 |
| July | ₹1665 |
| August | ₹1732 |
| September | ₹1801 |
| October | ₹1837 |
| November | ₹1874 |
| December | ₹1911 |
| Month | Target |
| January | ₹1949 |
| February | ₹1988 |
| March | ₹2028 |
| April | ₹1960 |
| May | ₹1895 |
| June | ₹1832 |
| July | ₹1905 |
| August | ₹1981 |
| September | ₹2060 |
| October | ₹2101 |
| November | ₹2143 |
| December | ₹2186 |
| Month | Target |
| January | ₹2230 |
| February | ₹2275 |
| March | ₹2321 |
| April | ₹2244 |
| May | ₹2169 |
| June | ₹2097 |
| July | ₹2181 |
| August | ₹2268 |
| September | ₹2359 |
| October | ₹2406 |
| November | ₹2454 |
| December | ₹2503 |
| Month | Target |
| January | ₹2553 |
| February | ₹2604 |
| March | ₹2656 |
| April | ₹2568 |
| May | ₹2482 |
| June | ₹2399 |
| July | ₹2495 |
| August | ₹2595 |
| September | ₹2699 |
| October | ₹2753 |
| November | ₹2808 |
| December | ₹2864 |
Official Website – jsw.in