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JSW Steel (JSWSTEEL) had a P/E of 11.7× on 6 Nov 2026, below the industry P/E of 19.9×, and the shares are close to their 52-week high. Sales and net profit grew 3.6% and 75% a year over 3 years, with ROCE of 19% and ROE of 32%. Debt is 0.62× equity, and its dividend yield is 0.5%. It is a large-cap company with a market cap of ₹3.3 lakh crore, the largest of 150 Steel companies by market cap; the shares rose 15% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,339.10
Day high
₹1,359.40
Day low
₹1,320.60
Prev. close
₹1,355.60
Volume
29.9 L

Health check

2 good · 4 fair
  • ReturnsIn line

    +14.7% over a year, better than 3 of 7 peers.

  • Price tagCheaper

    P/E 11.7 vs industry 19.9.

  • GrowthSteady

    Sales +3.6%, profit +75.3% a year over 3 years.

  • ProfitabilityAverage

    ROCE 18.7% vs peer median 19.4%.

  • Balance sheetFair

    Debt 0.62× equity, interest covered 4.5×, Piotroski 8 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Large cap

₹3.3L Cr, the largest of 150 in its industry.

Defensive

Beta 0.59 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹1,99,021 Cr · profit ₹28,439 Cr
Market cap
₹3.3L Cr
Large cap
P/E
11.7
Industry 19.9
Price to book
2.92
Peers 2.28
Dividend yield
0.52%
ROE
31.9%
Peers 23.4%
ROCE
18.7%
Peers 19.4%
Debt to equity
0.62
Debt ₹69,820 Cr
EPS (TTM)
₹116.30
Face value ₹1
OPM (TTM)
17.7%
Net margin 14.3%
Sales growth
+20.7%
Latest quarter vs a year ago
Profit growth
+225.2%
Latest quarter vs a year ago
Price to sales
1.66
EV/EBITDA 10.2

Strengths and risks

Strengths

  • Return on equity of 31.9%.
  • Quarterly profit up 225.2% on a year ago.
  • Quarterly sales up 20.7% on a year ago.
  • P/E of 11.7 against an industry P/E of 19.9.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About JSW Steel

JSW Steel Limited manufactures and sells iron and steel products in India and internationally. The company offers hot and cold rolled steel products, colour coated sheets, galvanized and galvalume steel, electrical steel, steel doors, zinc-magnesium-aluminium products, aluminium-zinc roofing products, tin plate, TMT bars, wire rods, special alloy steel, grinding media, prepainted colour coated steel, low-carbon steel, hot-rolled sheets, structural steel,…

Headquarters
Mumbai
Employees
16,083
Sector
Basic Materials
ISIN
INE019A01038
Website
jswsteel.in

Price range

52 weeks

₹1,073.20₹1,370.00

Today

₹1,320.60₹1,359.40
Avg volume (3M)
17.9 L
1-year return
plus 14.7%
From 52-week high
minus 0.9%

Analyst consensus

35 analysts
BuyMean target ₹1,400.11 plus 3.2%

Target range, with today’s price

Low ₹1,135.00High ₹1,650.00

Next results expected around 22 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
WELCORPWelspun Corp2,204.90minus 7.57%58,14424.624.119.5%14.4%0.1019.5%plus 157.9%
Median of 7 peers–−0.41%70,88021.114.919.4%15.2%0.4212.6%23.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
42,46045,21949,79846,66253,697
34,88438,72341,16437,27943,577
7,5766,4968,6349,38310,120
17.8%14.4%17.3%20.1%18.8%
250156171626733
2,2172,3042,1681,7121,602
2,5372,3622,1482,1372,200
–−52917,888––
3,0721,45722,3776,1607,051
28.1%−65.4%14.0%23.8%24.0%
2,1842,13916,3704,6515,279
8.938.7566.9419.0221.59

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+3.6%
Profit CAGR 3Y
+75.3%
EPS CAGR 3Y
+74.6%
ROE
31.9%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,63,6461,72,5881,66,5751,82,037
–+5.5%minus 3.5%+9.3%
1,43,0131,43,9201,43,1081,49,091
20,63328,66823,46732,946
12.6%16.6%14.1%18.1%
−1,915−34−644−3,419
6,2607,6317,8638,300
7,4748,1729,3099,601
671549−57417,624
5,65513,3805,07729,250
26.8%32.9%31.2%12.8%
4,1448,8123,50422,316
–+112.6%minus 60.2%+536.9%
17.1436.1714.3291.25

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
301305305305
65,39477,36479,19199,748
1,06,6051,05,6091,19,2221,19,079
38,77844,92042,02450,544
2,11,0782,28,1982,40,7422,69,676
1,25,2121,39,5731,43,8341,38,974
22,81429,97322,18324,520
4,4446,2236,0755,583
20,5257,64518,22949,639
38,08344,78450,42150,960
2,11,0782,28,1982,40,7422,69,676

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
23,32312,07820,89925,152
−10,711−14,638−16,99718,690
−5,977−5,005−262−16,111
6,635−7,5653,64027,731
−14,784−15,801−12,694−14,654
8,539−3,7238,20510,498
−4,194−822−1,785−685

Shareholding pattern

Source: NSE filings
44.3%
promoters
  • Promoters44.30%
  • Public55.56%
  • Employee trusts0.15%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202644.30%55.56%plus 0.01
30 Jun 202644.29%55.52%minus 1.03
31 Mar 202645.32%54.49%0.00
31 Dec 202545.32%54.49%0.00
30 Sep 202545.32%54.56%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you