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JSW SteelBSE:500228 Stock Report

Market Cap

₹1.6t

7D

3.1%

1Y

101.9%

Updated

24 Nov, 2021

Data

Company Financials +
500228 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance5/6
Financial Health4/6
Dividends4/6

500228 Stock Overview

JSW Steel Limited engages in the manufacture and sale of iron and steel products in India and internationally.

JSW Steel Competitors

Tata Steel

BSE:500470

₹1.4t

Steel Authority of India

BSE:500113

₹457.0b

NMDC

BSE:526371

₹419.2b

Jindal Steel & Power

NSEI:JINDALSTEL

₹392.2b

Price History & Performance

Summary of all time highs, changes and price drops for JSW Steel
Historical stock prices
Current Share Price₹683.10
52 Week High₹776.50
52 Week Low₹336.00
Beta1.15
1 Month Change1.38%
3 Month Change1.64%
1 Year Change101.89%
3 Year Change121.71%
5 Year Change295.66%
Change since IPO4,178.09%

Recent News & Updates

Shareholder Returns

500228IN Metals and MiningIN Market
7D3.1%0.08%-2.7%
1Y101.9%102.0%46.6%

Return vs Industry: 500228 matched the Indian Metals and Mining industry which returned 102% over the past year.

Return vs Market: 500228 exceeded the Indian Market which returned 46.6% over the past year.

Price Volatility

Is 500228's price volatile compared to industry and market?
500228 volatility
500228 Average Weekly Movement4.4%
Metals and Mining Industry Average Movement6.0%
Market Average Movement6.0%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market3.8%

Stable Share Price: 500228 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 500228's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198213,128Sajjan Jindalhttps://www.jsw.in

JSW Steel Limited engages in the manufacture and sale of iron and steel products in India and internationally. The company provides hot rolled and cold-rolled coils, as well as galvanized, galvalume, and color coated products; and TMT bars, wire rods, and special alloy steel products. Its products are used in automotive, general engineering, machinery, and projects and construction applications.

JSW Steel Fundamentals Summary

How do JSW Steel's earnings and revenue compare to its market cap?
500228 fundamental statistics
Market Cap₹1.64t
Earnings (TTM)₹199.53b
Revenue (TTM)₹1.10t

8.2x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500228 income statement (TTM)
Revenue₹1.10t
Cost of Revenue₹522.63b
Gross Profit₹579.35b
Expenses₹379.82b
Earnings₹199.53b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)82.94
Gross Margin52.57%
Net Profit Margin18.11%
Debt/Equity Ratio114.0%

How did 500228 perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

8%

Payout Ratio

Valuation

Is JSW Steel undervalued compared to its fair value and its price relative to the market?

15.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 500228 (₹683.1) is trading below our estimate of fair value (₹809.69)

Significantly Below Fair Value: 500228 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 500228 is good value based on its PE Ratio (8.2x) compared to the Indian Metals and Mining industry average (11.1x).

PE vs Market: 500228 is good value based on its PE Ratio (8.2x) compared to the Indian market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: 500228's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 500228 is overvalued based on its PB Ratio (2.7x) compared to the IN Metals and Mining industry average (1.5x).


Future Growth

How is JSW Steel forecast to perform in the next 1 to 3 years based on estimates from 27 analysts?

-8.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500228's earnings are forecast to decline over the next 3 years (-8.6% per year).

Earnings vs Market: 500228's earnings are forecast to decline over the next 3 years (-8.6% per year).

High Growth Earnings: 500228's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 500228's revenue (4.1% per year) is forecast to grow slower than the Indian market (12.7% per year).

High Growth Revenue: 500228's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 500228's Return on Equity is forecast to be high in 3 years time (23%)


Past Performance

How has JSW Steel performed over the past 5 years?

24.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500228 has high quality earnings.

Growing Profit Margin: 500228's current net profit margins (18.1%) are higher than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: 500228's earnings have grown significantly by 24.7% per year over the past 5 years.

Accelerating Growth: 500228's earnings growth over the past year (1253.7%) exceeds its 5-year average (24.7% per year).

Earnings vs Industry: 500228 earnings growth over the past year (1253.7%) exceeded the Metals and Mining industry 149.8%.


Return on Equity

High ROE: Whilst 500228's Return on Equity (33.15%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is JSW Steel's financial position?


Financial Position Analysis

Short Term Liabilities: 500228's short term assets (₹497.3B) exceed its short term liabilities (₹470.0B).

Long Term Liabilities: 500228's short term assets (₹497.3B) do not cover its long term liabilities (₹636.6B).


Debt to Equity History and Analysis

Debt Level: 500228's net debt to equity ratio (89%) is considered high.

Reducing Debt: 500228's debt to equity ratio has reduced from 180.8% to 114% over the past 5 years.

Debt Coverage: 500228's debt is well covered by operating cash flow (29.9%).

Interest Coverage: 500228's interest payments on its debt are well covered by EBIT (9.4x coverage).


Balance Sheet


Dividend

What is JSW Steel current dividend yield, its reliability and sustainability?

0.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500228's dividend (0.95%) is higher than the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: 500228's dividend (0.95%) is low compared to the top 25% of dividend payers in the Indian market (1.49%).


Stability and Growth of Payments

Stable Dividend: 500228's dividend payments have been volatile in the past 10 years.

Growing Dividend: 500228's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (7.8%), 500228's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 500228's dividends in 3 years are forecast to be thoroughly covered by earnings (10.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.6yrs

Average management tenure


CEO

Sajjan Jindal (62 yo)

16.75yrs

Tenure

₹733,800,000

Compensation

Mr. Sajjan Kumar Jindal, B.Engg. (Mech), serves as the Chairman, Managing Director and Executive Director of JSW Energy Limited & joined on January 01, 2009. Mr. Jindal has been the Managing Director and C...


CEO Compensation Analysis

Compensation vs Market: Sajjan's total compensation ($USD9.85M) is above average for companies of similar size in the Indian market ($USD1.15M).

Compensation vs Earnings: Sajjan's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 500228's management team is seasoned and experienced (12.6 years average tenure).


Board Members

Experienced Board: 500228's board of directors are considered experienced (9.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

JSW Steel Limited's employee growth, exchange listings and data sources


Key Information

  • Name: JSW Steel Limited
  • Ticker: 500228
  • Exchange: BSE
  • Founded: 1982
  • Industry: Steel
  • Sector: Materials
  • Market Cap: ₹1.643t
  • Shares outstanding: 2.41b
  • Website: https://www.jsw.in

Number of Employees


Location

  • JSW Steel Limited
  • JSW Centre
  • Bandra Kurla Complex
  • Mumbai
  • Maharashtra
  • 400051
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/24 15:36
End of Day Share Price2021/11/24 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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 here.