JSW Steel (500228) Stock Overview
Manufactures and sells iron and steel products in India and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
500228 Community Fair Values
Create NarrativeSee what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
JSW Steel Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹1,294.00 |
| 52 Week High | ₹1,327.35 |
| 52 Week Low | ₹984.00 |
| Beta | 0.57 |
| 1 Month Change | 0.71% |
| 3 Month Change | 10.65% |
| 1 Year Change | 30.04% |
| 3 Year Change | 72.06% |
| 5 Year Change | 90.52% |
| Change since IPO | 8,004.00% |
Recent News & Updates
Narrative Update • Jun 08
500228: Elevated P/E Will Limit Returns Despite Mozambique Coking Coal Expansion
Analysts have lifted their JSW Steel fair value estimate from ₹979.76 to ₹1,101.68, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E as key drivers of the change. What's in the News On May 14, 2026, the board recommended a final dividend of ₹7.10 per equity share of face value ₹1 for FY 2026, subject to shareholder approval at the 32nd AGM.
Narrative Update • May 25
500228: Resource Security Projects And Joint Ventures Will Support A Balanced Outlook
Analysts have lifted their price target for JSW Steel from ₹1,249.58 to ₹1,361.60, reflecting updated views on fair value, discount rate, revenue growth, profit margin expectations, and a higher assumed future P/E multiple. What's in the News JSW Steel reported consolidated crude steel production of 2.118 million tonnes for April 2026, compared with 2.140 million tonnes a year earlier, with prior year figures adjusted to exclude the steel business of Bhushan Power and Steel that was transferred to the JSW JFE Steel joint venture in March 2026 (company announcement).Recent updates
Narrative Update • Jun 08
500228: Elevated P/E Will Limit Returns Despite Mozambique Coking Coal Expansion
Analysts have lifted their JSW Steel fair value estimate from ₹979.76 to ₹1,101.68, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E as key drivers of the change. What's in the News On May 14, 2026, the board recommended a final dividend of ₹7.10 per equity share of face value ₹1 for FY 2026, subject to shareholder approval at the 32nd AGM.Narrative Update • May 25
500228: Resource Security Projects And Joint Ventures Will Support A Balanced Outlook
Analysts have lifted their price target for JSW Steel from ₹1,249.58 to ₹1,361.60, reflecting updated views on fair value, discount rate, revenue growth, profit margin expectations, and a higher assumed future P/E multiple. What's in the News JSW Steel reported consolidated crude steel production of 2.118 million tonnes for April 2026, compared with 2.140 million tonnes a year earlier, with prior year figures adjusted to exclude the steel business of Bhushan Power and Steel that was transferred to the JSW JFE Steel joint venture in March 2026 (company announcement).Narrative Update • May 02
500228: Elevated P/E Will Constrain Returns Despite New Joint Venture Initiatives
Analysts now place JSW Steel's fair value at about ₹980, compared with roughly ₹961 earlier. This reflects updated views on discount rate, revenue growth, profit margin and future P/E assumptions.
Narrative Update • Apr 17
500228: Backward Integration Coal Project Will Support Future Margin And Output Upside
Analysts have nudged their price target on JSW Steel up from ₹1,420 to ₹1,525, reflecting updated assumptions on revenue growth, discount rate, profit margins and forward P/E expectations. What's in the News Board meeting on April 17, 2026 to consider a Share Subscription and Joint Venture Agreement with POSCO Co., Ltd and POSCO India Private Limited, through which Saffron Resources Private Limited would become a 50:50 joint venture between JSW Steel and the POSCO Group (Board Meeting).Narrative Update • Apr 03
500228: Resource Security Plans And Steady Volumes Will Support A Balanced Outlook
Analysts have raised their price target for JSW Steel to ₹1,249.58 from ₹1,214.94, citing updated assumptions for revenue growth, profit margins, and a slightly higher future P/E ratio. What's in the News Board meeting scheduled for May 14, 2026, to review audited financial results for the quarter and year ended March 31, 2026.Narrative Update • Mar 20
500228: Backward Integration Coal Project Will Reshape Asset Base And Support Bullish Outlook
Analysts have kept their price target for JSW Steel steady at ₹1,420, pointing to revised assumptions for discount rate, revenue growth, profit margin and future P/E as the key drivers behind this unchanged view. What's in the News JSW Steel announced the Minas de Revuboè coking coal mining project in Mozambique, giving the company access to premium hard coking coal reserves of 850 mt with potential to produce 250 mt of usable coking coal, as part of its backward integration for a key steelmaking input.Narrative Update • Mar 06
500228: Cautious Steel Volume Outlook Will Limit Upside Despite Higher P/E
Analysts have lifted their fair value estimate for JSW Steel from ₹884.53 to ₹960.68, citing updated assumptions on discount rates, profit margins and future P/E that support a higher price target while using more conservative revenue growth inputs. What's in the News JSW Steel reported consolidated crude steel production of 2.475 million tons for January 2026, compared with 2.518 million tons in the same month a year earlier (Announcement of Operating Results).Narrative Update • Feb 20
500228: Reorganization Moves And Steady Output Will Shape A Balanced Outlook
Analysts have raised their JSW Steel price target from ₹1,183.06 to ₹1,214.94 after updating assumptions on discount rate, revenue growth, profit margin and future P/E, reflecting a refreshed view of the company’s valuation inputs. What's in the News Reported consolidated crude steel production of 2.475 million tons for January 2026 compared with 2.518 million tons in January 2025, giving investors a fresh monthly read on operating activity (Announcement of Operating Results).Narrative Update • Feb 06
500228: Future Joint Venture Moves Will Reshape Asset Portfolio And Support Bullish Outlook
Analysts have lifted their price target on JSW Steel from ₹1,270 to ₹1,420, citing adjustments to the discount rate, revenue growth, profit margin assumptions and a slightly lower future P/E multiple in their updated models. What's in the News JSW Steel maintained its production and sales guidance for FY 2026 at 30.5 million tonnes and 29.2 million tonnes respectively, signalling no change in its stated operating targets for the period (Corporate Guidance).Narrative Update • Jan 22
500228: Reorganization And Steel Output Will Shape A Measured Outlook
Narrative Update on JSW Steel Analysts have made a small upward adjustment to their fair value estimate for JSW Steel to ₹1,183 from about ₹1,182, reflecting updated assumptions around revenue growth, margins, discount rate and future P/E expectations. What's in the News Board meeting scheduled for January 23, 2026 to consider the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company announcement).Narrative Update • Jan 08
500228: Reorganization And Output Trends Will Shape A Balanced Outlook
Analysts have nudged their fair value estimate for JSW Steel slightly higher from ₹1,178.42 to ₹1,182.24, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News A board meeting is scheduled for January 23, 2026, to consider the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).Narrative Update • Dec 21
500228: Rising Discount Rate May Pressure Steel Production Upside
Analysts have raised their price target on JSW Steel from approximately ₹789.36 to ₹884.53 per share, reflecting higher expected future valuation multiples despite slightly more conservative assumptions for revenue growth and profit margins. What's in the News Board meeting scheduled on December 3, 2025 to consider the amalgamation of Piombino Steel Limited with JSW Steel under Sections 230 to 232 of the Companies Act, 2013 (Board Meeting) JSW Steel is exploring the sale of a 50% stake in Bhushan Power and Steel, with JFE Steel Corp.Narrative Update • Dec 07
500228: Reorganization And Potential Asset Sale Will Shape Balanced Outlook
Analysts have nudged their price target for JSW Steel slightly higher to reflect an updated fair value of ₹1,178 per share from about ₹1,170, citing a modest improvement in long term profit margin expectations and a slightly richer forward PE multiple that more than offset slightly lower revenue growth assumptions and a marginally higher discount rate. What's in the News The board will consider amalgamating Piombino Steel Limited with JSW Steel on December 3, 2025, under Sections 230 to 232 of the Companies Act, 2013, a move that could simplify the domestic corporate structure (company filing).Narrative Update • Nov 22
500228: Group Reorganization And Joint Ventures Will Shape Near-Term Performance
Narrative Update on JSW Steel: Analyst Price Target Revision Analysts have raised their fair value estimate for JSW Steel from ₹1,159.89 to ₹1,170.33. This reflects a modest upward revision driven by expectations of slightly higher revenue growth and an improved long-term outlook.Narrative Update • Nov 08
500228: Group Reorganization And Joint Ventures Will Shape Near-Term Performance
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.Narrative Update • Oct 25
U.S. Reorganization And New Partnerships Will Drive Long-Term Steel Demand
Analysts have raised their price target for JSW Steel by approximately ₹50 to ₹1,148, based on updated estimates for fair value and slight adjustments in expected growth and profitability metrics. What's in the News JSW Steel has approved a strategic reorganization of its U.S. operations to consolidate business verticals under a single holding company.Narrative Update • Oct 11
Government Spending And Capacity Expansion Will Fuel Steel Consumption
Analysts have revised their price target for JSW Steel upward by approximately ₹20. They cite improved profit margin projections and adjusted discount rates as key factors in their updated valuation.Narrative Update • Sep 27
Government Spending And Capacity Expansion Will Fuel Steel Consumption
The consensus price target for JSW Steel has been raised from ₹1056 to ₹1078, primarily reflecting a modest increase in its forward P/E multiple, while profit margins remained steady. What's in the News JSW Steel reported strong YoY production growth: August crude steel production up 17% and July up 19%, with Indian operations capacity utilization at 95% and 92.5%, respectively; Q1FY26 crude steel production increased from 6.35 to 7.26 million tonnes YoY.Narrative Update • Sep 05
Government Spending And Capacity Expansion Will Fuel Steel Consumption
With both the discount rate and future P/E for JSW Steel remaining effectively unchanged, there has been no material revision in the fair value, with the consensus analyst price target stable at ₹1056. What's in the News JSW Steel finalized a joint venture with Andhra Pradesh Mineral Development Corporation to develop the Konijedu Marlapadu Integrated Iron Ore Project, aiming to mine and beneficiate low-grade iron ore (1.3 million tons/annum) and reduce imported ore dependence; project cost INR 10.75 billion, with JSW holding 89% equity.
New Narrative • Nov 07
Calculated Moves In Steel And Renewables Set Stage For Future Growth Despite Global Challenges
Expansion plans and strategic acquisitions are expected to enhance market position and significantly boost revenues through increased production capabilities.Shareholder Returns
| 500228 | IN Metals and Mining | IN Market | |
|---|---|---|---|
| 7D | 0.9% | 1.8% | 3.8% |
| 1Y | 30.0% | 23.7% | 0.5% |
Return vs Industry: 500228 exceeded the Indian Metals and Mining industry which returned 23.7% over the past year.
Return vs Market: 500228 exceeded the Indian Market which returned 0.5% over the past year.
Price Volatility
| 500228 volatility | |
|---|---|
| 500228 Average Weekly Movement | 3.6% |
| Metals and Mining Industry Average Movement | 7.2% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in IN Market | 10.2% |
| 10% least volatile stocks in IN Market | 4.7% |
Stable Share Price: 500228 has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: 500228's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1982 | 15,793 | Jayant Acharya | www.jswsteel.in |
JSW Steel Limited manufactures and sells iron and steel products in India and internationally. The company offers color coated steel products, color-coated roofing sheets, galvalume coil and sheets, aluminum-zinc sheets, galvanized corrugated sheets, tin plate products, lead-free coils and sheets, Al-Zn-Mg coated galvanized steel, multi-utility steel sheets, hot rolled and cold-rolled coils, cold rolled close annealed, electrical, coated steel products, TMT bars, wire rods, alloy steel products, and steel doors under the JSW Silveron+, JSW Radiance, JSW Everglow, JSW Colouron+, JSW Pragati+, JSW Vishwas, JSW Vishwas+, JSW Galvos, JSW Galveco, JSW Platina, JSW Neosteel, JSW Trusteel, JSW Avante, and JSW Magsure brands. It also trades in steel and allied products, and iron ore products; logistic infrastructure, real estate, and mining; and manufactures paints, forged steel ball, slabs, plates, pipes, and double jointing.
JSW Steel Limited Fundamentals Summary
| 500228 fundamental statistics | |
|---|---|
| Market cap | ₹3.14t |
| Earnings (TTM) | ₹223.16b |
| Revenue (TTM) | ₹1.85t |
14.2x
P/E Ratio1.7x
P/S RatioIs 500228 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 500228 income statement (TTM) | |
|---|---|
| Revenue | ₹1.85t |
| Cost of Revenue | ₹1.20t |
| Gross Profit | ₹657.73b |
| Other Expenses | ₹434.57b |
| Earnings | ₹223.16b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 91.44 |
| Gross Margin | 35.46% |
| Net Profit Margin | 12.03% |
| Debt/Equity Ratio | 90.6% |
How did 500228 perform over the long term?
See historical performance and comparisonDividends
0.5%
Current Dividend Yield8%
Payout RatioDoes 500228 pay a reliable dividends?
See 500228 dividend history and benchmarks| JSW Steel dividend dates | |
|---|---|
| Ex Dividend Date | Jul 07 2026 |
| Dividend Pay Date | Aug 23 2026 |
| Days until Ex dividend | 18 days |
| Days until Dividend pay date | 65 days |
Does 500228 pay a reliable dividends?
See 500228 dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/18 18:11 |
| End of Day Share Price | 2026/06/18 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
JSW Steel Limited is covered by 60 analysts. 35 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Rajesh Majumdar | 360 ONE Capital Market Private Limited |
| null null | 360 ONE Capital Market Private Limited |
| Satyadeep Jain | Ambit Capital |