Analysts have raised their price target for JSW Steel from ₹1,148.09 to ₹1,159.89. This reflects modest improvements in projected revenue growth and profit margins.
What's in the News
- JSW Steel's Board has approved a strategic reorganization of its U.S. operations to consolidate and simplify the group structure. The plan is to unify Baytown and Acero business units under a single U.S. holding company (Board meeting minutes).
- Report of strong operational performance, with consolidated crude steel production rising 17% year-on-year in Second Quarter FY26, reaching 7.90 million tonnes (Operating results).
- Incorporation of "APJSW Private Limited," a joint venture with Andhra Pradesh Mineral Development Corporation to develop the Konijedu Marlapadu Integrated Iron Ore Project. The aim is to replace imported iron ore and cut costs (Strategic Alliance announcement).
- JSW Steel and POSCO Group signed a non-binding agreement to explore building a 6 MTPA integrated steel plant in India, potentially in Odisha. This could deepen their strategic partnership (Strategic Alliance announcement).
- The Board held meetings to consider and approve various agendas, including quarterly financial results and acquisition of additional economic interest in M Res NSW for USD 60 million (Board meeting minutes).
Valuation Changes
- Consensus Analyst Price Target has risen slightly from ₹1,148.09 to ₹1,159.89.
- Discount Rate increased modestly to 15.67% from 15.05%.
- Revenue Growth projections improved marginally from 11.27% to 11.35%.
- Net Profit Margin is now estimated at 9.93%, up from 9.84%.
- Future P/E ratio has inched up to 18.25x from 17.96x.
Disclaimer
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