JSW Steel Limited

NSEI:JSWSTEEL Stock Report

Market Cap: ₹2.3t

JSW Steel Valuation

Is JSWSTEEL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JSWSTEEL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JSWSTEEL (₹957.25) is trading below our estimate of fair value (₹1295.57)

Significantly Below Fair Value: JSWSTEEL is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JSWSTEEL?

Other financial metrics that can be useful for relative valuation.

JSWSTEEL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA13.2x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does JSWSTEEL's PE Ratio compare to its peers?

The above table shows the PE ratio for JSWSTEEL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.5x
500470 Tata Steel
61.7x60.8%₹1.8t
JINDALSTEL Jindal Steel & Power
17.9x33.4%₹904.8b
526371 NMDC
10.8x9.8%₹658.5b
JSL Jindal Stainless
23.4x30.5%₹574.8b
JSWSTEEL JSW Steel
46.6x47.6%₹2.3t

Price-To-Earnings vs Peers: JSWSTEEL is expensive based on its Price-To-Earnings Ratio (46.6x) compared to the peer average (28.5x).

Price to Earnings Ratio vs Industry

How does JSWSTEEL's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a30.5%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a30.5%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: JSWSTEEL is expensive based on its Price-To-Earnings Ratio (46.6x) compared to the Indian Metals and Mining industry average (26.3x).

Price to Earnings Ratio vs Fair Ratio

What is JSWSTEEL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JSWSTEEL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio46.6x
Fair PE Ratio66.9x

Price-To-Earnings vs Fair Ratio: JSWSTEEL is good value based on its Price-To-Earnings Ratio (46.6x) compared to the estimated Fair Price-To-Earnings Ratio (66.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JSWSTEEL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹957.25
₹987.16
+3.1%
14.4%₹1,255.00₹700.00n/a32
Nov ’25₹968.30
₹987.16
+1.9%
14.4%₹1,255.00₹700.00n/a32
Oct ’25₹1,027.30
₹962.26
-6.3%
14.1%₹1,220.00₹650.00n/a31
Sep ’25₹941.10
₹933.73
-0.8%
13.0%₹1,170.00₹650.00n/a30
Aug ’25₹934.55
₹923.00
-1.2%
14.0%₹1,170.00₹650.00n/a29
Jul ’25₹943.90
₹928.21
-1.7%
13.9%₹1,140.00₹650.00n/a29
Jun ’25₹880.55
₹919.32
+4.4%
14.1%₹1,140.00₹650.00n/a28
May ’25₹882.20
₹849.89
-3.7%
10.8%₹1,017.00₹650.00n/a27
Apr ’25₹871.95
₹841.42
-3.5%
10.7%₹1,000.00₹650.00n/a26
Mar ’25₹836.20
₹835.35
-0.1%
10.5%₹1,000.00₹620.00n/a26
Feb ’25₹801.70
₹827.71
+3.2%
11.4%₹1,000.00₹605.00n/a28
Jan ’25₹877.60
₹786.50
-10.4%
11.6%₹940.00₹600.00n/a28
Dec ’24₹810.80
₹775.93
-4.3%
12.1%₹940.00₹585.00n/a29
Nov ’24₹724.45
₹775.93
+7.1%
12.1%₹940.00₹585.00₹968.3029
Oct ’24₹779.60
₹747.66
-4.1%
13.2%₹956.00₹580.00₹1,027.3029
Sep ’24₹806.40
₹753.80
-6.5%
14.3%₹990.00₹580.00₹941.1030
Aug ’24₹820.90
₹745.47
-9.2%
13.9%₹990.00₹580.00₹934.5530
Jul ’24₹784.80
₹705.14
-10.1%
14.4%₹990.00₹510.00₹943.9028
Jun ’24₹693.85
₹695.32
+0.2%
13.6%₹990.00₹510.00₹880.5528
May ’24₹725.30
₹680.79
-6.1%
15.2%₹990.00₹470.00₹882.2028
Apr ’24₹688.10
₹679.93
-1.2%
15.7%₹990.00₹470.00₹871.9528
Mar ’24₹676.70
₹679.93
+0.5%
15.7%₹990.00₹470.00₹836.2028
Feb ’24₹729.70
₹666.55
-8.7%
16.4%₹990.00₹470.00₹801.7031
Jan ’24₹768.05
₹593.63
-22.7%
14.9%₹757.00₹330.00₹877.6030
Dec ’23₹746.30
₹570.43
-23.6%
13.5%₹690.00₹330.00₹810.8030
Nov ’23₹686.35
₹548.55
-20.1%
14.3%₹685.00₹330.00₹724.4531

Analyst Forecast: Target price is less than 20% higher than the current share price.

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