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JSW Steel Ltd.

Iron & SteelSteel & Iron Products

www.jsw.in BSE: 500228NSE: JSWSTEEL

₹1,303.70BSE2.20%

07 Sep, 4:01 PM

₹1,303.70

₹3.19L Cr

12.86

3.05

28.54%

₹1,334.95

₹1,300.90

₹1,350.30

₹1,025.15

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Price Performance

Peer Comparison

Name
JSW Steel Ltd. JSWSTEEL	1,303.70	12.86	3,18,813.83	0.54	4,696.00	112.58%	47,364.00	9.77%	20.67
TATA STEEL TATASTEEL	185.50	20.99	2,31,568.11	2.16	2,385.24	18.82%	60,794.29	14.32%	12.70
STEEL AUTH. SAIL	187.90	18.17	77,612.57	1.25	1,644.05	120.80%	26,245.67	1.25%	7.08
WELCORP WELCORP	2,599.25	29.69	68,565.78	0.19	1,047.88	200.11%	4,081.12	14.91%	23.94
APL APOLLO APLAPOLLO	2,201.00	49.72	61,112.61	0.39	263.11	10.94%	5,606.71	8.45%	31.83
JSL JSL	735.50	18.70	60,636.06	0.54	768.66	7.56%	11,278.54	10.50%	19.19
SHYAMMETL SHYAMMETL	1,085.45	26.90	30,298.37	0.42	350.73	20.66%	5,455.09	23.33%	13.88
JINDAL SAW JINDALSAW	308.55	30.24	19,732.03	0.65	90.79	-78.15%	4,452.31	9.00%	10.38

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	46,269.00	42,943.00	39,684.00	41,378.00	44,819.00	43,147.00	45,152.00	45,991.00	51,180.00	47,364.00
Expenses	40,145.00	37,433.00	34,247.00	35,799.00	38,441.00	35,571.00	38,037.00	39,495.00	42,546.00	37,981.00
	6,124.00	5,510.00	5,437.00	5,579.00	6,378.00	7,576.00	7,115.00	6,496.00	8,634.00	9,383.00
	13.24%	12.83%	13.70%	13.48%	14.23%	17.56%	15.76%	14.12%	16.87%	19.81%
	242.00	164.00	-189.00	44.00	186.00	350.00	284.00	-256.00	18,229.00	724.00
Interest	2,062.00	2,073.00	2,130.00	2,115.00	2,094.00	2,217.00	2,413.00	2,304.00	2,168.00	1,712.00
	2,194.00	2,209.00	2,267.00	2,336.00	2,497.00	2,537.00	2,554.00	2,362.00	2,148.00	2,137.00
	2,012.00	1,380.00	789.00	1,178.00	1,730.00	3,072.00	2,344.00	1,457.00	22,377.00	6,160.00
	34.29%	37.17%	48.80%	38.96%	13.24%	28.09%	29.78%	-65.41%	14.01%	23.77%
	1,299.00	845.00	439.00	717.00	1,503.00	2,184.00	1,623.00	2,139.00	16,370.00	4,651.00
	4.26	3.46	1.44	2.94	4.93	8.95	5.32	8.77	53.67	19.02

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	1,46,371.00	1,65,960.00	1,75,006.00	1,68,824.00	1,85,470.00
	1,46,371.00	1,65,960.00	1,75,006.00	1,68,824.00	1,85,470.00
EXPENDITURE :
Increase/Decrease in Stock	-3,601.00	-2,636.00	-3,087.00	829.00	4,719.00
Raw Material Consumed	62,871.00	95,970.00	94,754.00	89,169.00	91,872.00
Power & Fuel Cost	11,289.00	17,452.00	15,127.00	16,161.00	16,152.00
Employee Cost	3,493.00	3,915.00	4,591.00	4,798.00	5,285.00
Other Manufacturing Expenses	30,131.00	26,719.00	30,566.00	30,726.00	30,194.00
General and Administration Expenses	450.00	906.00	730.00	745.00	771.00
Selling and Distribution Expenses	118.00	112.00	177.00	181.00	229.00
Miscellaneous Expenses	2,613.00	4,975.00	3,912.00	3,311.00	6,427.00
	1,07,364.00	1,47,413.00	1,46,770.00	1,45,920.00	1,55,649.00
Operating Profit (Excl OI)	39,007.00	18,547.00	28,236.00	22,904.00	29,821.00
	1,531.00	1,030.00	1,004.00	694.00	1,248.00
	40,538.00	19,577.00	29,240.00	23,598.00	31,069.00
Interest	4,968.00	6,902.00	8,105.00	8,412.00	9,102.00
PBDT	35,570.00	12,675.00	21,135.00	15,186.00	21,967.00
	6,001.00	7,474.00	8,172.00	9,309.00	9,601.00
Profit Before Taxation & Exceptional Items	29,569.00	5,201.00	12,963.00	5,877.00	12,366.00
Exceptional Income / Expenses	-741.00	591.00	589.00	-489.00	17,359.00
	29,745.00	5,655.00	13,380.00	5,077.00	29,250.00
Provision for Tax	8,807.00	1,516.00	4,407.00	1,586.00	3,742.00
	20,938.00	4,139.00	8,973.00	3,491.00	25,508.00
Extra items			0.00	0.00	0.00
Minority Interest	-273.00	5.00	-161.00	13.00	-3,192.00
Consolidated Net Profit	20,665.00	4,144.00	8,812.00	3,504.00	22,316.00
Profit Balance B/F	24,043.00	42,615.00	42,627.00	50,208.00	51,812.00
Appropriations	44,708.00	46,759.00	51,439.00	53,712.00	74,128.00
Equity Dividend %	1,735.00%	340.00%	730.00%	280.00%	710.00%
	86.10	17.27	36.11	14.36	91.46
Adjusted EPS	86.10	17.27	36.11	14.36	91.46

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	301.00	301.00	305.00	305.00	305.00
Share Warrants & Outstandings	241.00	408.00	446.00	413.00	268.00
Total Reserves	66,755.00	64,986.00	76,918.00	78,778.00	99,480.00
Reserve excluding Revaluation Reserve	66,755.00	64,986.00	76,918.00	78,778.00	99,480.00
	67,297.00	65,695.00	77,669.00	79,496.00	1,00,053.00
Minority Interest	1,238.00	1,344.00	2,107.00	2,170.00	5,422.00
Secured Loans	23,725.00	21,889.00	27,926.00	34,618.00	25,269.00
Unsecured Loans	34,204.00	40,077.00	39,428.00	47,365.00	50,339.00
Deferred Tax Assets / Liabilities	7,621.00	7,397.00	9,359.00	9,213.00	9,275.00
Other Long Term Liabilities	3,368.00	2,779.00	3,893.00	5,558.00	7,984.00
Long Term Provisions	1,481.00	1,395.00	1,451.00	1,399.00	1,939.00
Total Non-Current Liabilities	70,399.00	73,537.00	82,057.00	98,153.00	94,806.00
Trade Payables	30,889.00	38,203.00	33,365.00	32,552.00	34,483.00
Other Current Liabilities	24,042.00	26,364.00	27,136.00	24,782.00	28,749.00
Short Term Borrowings	1,973.00	3,767.00	4,773.00	2,809.00	4,544.00
Short Term Provisions	647.00	1,629.00	791.00	483.00	1,594.00
Total Current Liabilities	57,551.00	69,963.00	66,065.00	60,626.00	69,370.00
Total Liabilities	1,96,485.00	2,10,539.00	2,27,898.00	2,40,445.00	2,69,658.00
Gross Block	1,29,794.00	1,39,134.00	1,54,188.00	1,74,630.00	1,69,784.00
Less: Accumulated Depreciation	30,094.00	34,768.00	41,867.00	50,327.00	52,721.00
Net Block	99,700.00	1,04,366.00	1,12,321.00	1,24,303.00	1,17,063.00
Capital Work in Progress	16,756.00	21,921.00	29,216.00	20,478.00	21,892.00
Non Current Investments	4,932.00	4,801.00	7,243.00	9,398.00	9,700.00
Long Term Investment	4,932.00	4,801.00	7,243.00	9,398.00	9,700.00
Long Term Loans & Advances	5,968.00	6,870.00	8,382.00	7,256.00	8,399.00
Other Non Current Assets	3,426.00	4,100.00	5,602.00	7,582.00	8,680.00
Total Non-Current Assets	1,31,111.00	1,42,389.00	1,63,364.00	1,69,709.00	1,66,223.00
Currents Investments	8.00	5.00	3.00	5,819.00	518.00
Inventories	33,787.00	33,135.00	37,815.00	34,956.00	32,765.00
Sundry Debtors	7,457.00	7,134.00	7,548.00	8,415.00	11,260.00
Cash and Bank	17,383.00	20,714.00	12,348.00	13,285.00	40,989.00
Other Current Assets	1,892.00	2,406.00	2,376.00	1,951.00	12,020.00
Short Term Loans and Advances	4,839.00	4,752.00	4,443.00	6,281.00	5,802.00
Total Current Assets	65,366.00	68,146.00	64,533.00	70,707.00	1,03,354.00
Net Current Assets (Including Current Investments)	7,815.00	-1,817.00	-1,532.00	10,081.00	33,984.00
Total Assets	1,96,485.00	2,10,539.00	2,27,898.00	2,40,445.00	2,69,658.00
Contingent Liabilities	5,341.00	7,521.00	7,554.00	7,824.00	10,228.00
Total Debt	69,975.00	78,842.00	85,575.00	95,958.00	95,533.00
	279.15	271.78	316.24	323.86	408.70
Adjusted Book Value	279.15	271.78	316.24	323.86	408.70

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	29,745.00	5,655.00	13,380.00	5,077.00	29,250.00
Adjustment	9,168.00	15,201.00	15,092.00	18,476.00	2,835.00
Changes In working Capital	-7,264.00	3,105.00	-13,615.00	-681.00	-3,708.00
Cash Flow after changes in Working Capital	31,649.00	23,961.00	14,857.00	22,872.00	28,377.00
Cash Flow from Operating Activities	26,270.00	23,323.00	12,078.00	20,899.00	25,152.00
Cash Flow from Investing Activities	-15,987.00	-10,711.00	-14,638.00	-16,997.00	18,690.00
Cash Flow from Financing Activitie	-14,657.00	-5,977.00	-5,005.00	-262.00	-16,111.00
Net Cash Inflow / Outflow	-4,374.00	6,635.00	-7,565.00	3,640.00	27,731.00
Opening Cash & Cash Equivalents	11,943.00	8,808.00	15,424.00	8,030.00	11,655.00
Cash & Cash Equivalent on Amalgamation / Take over / Merger			178.00		-88.00
Cash & Cash Equivalent of Subsidiaries under liquidations	-4.00
Translation adjustment on reserves / op cash balalces frgn subsidiaries	1,243.00	-19.00	-7.00	-15.00	-42.00
Closing Cash & Cash Equivalent	8,808.00	15,424.00	8,030.00	11,655.00	39,256.00

Ratios

Valuation

12.86

3.05

11.23

1.71

101.34

427.40

Profitability

28.54

20.67

10.00

16.08

13.75

Leverage & Liquidity

0.96

1.49

4.21

Returns

0.54

0.73

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	44.81	44.84	44.85	44.84	45.31	45.32	45.32	45.32	44.29
	36.56	36.71	36.69	36.81	36.86	36.93	36.93	37.04	37.92
	18.64	18.46	18.47	18.36	17.84	17.75	17.75	17.64	17.81
	55.19	55.16	55.15	55.16	54.69	54.68	54.68	54.68	55.71
No. of Shareholders	6,35,680	6,32,249	6,35,890	6,21,932	6,17,339	6,10,303	6,05,301	6,03,274	6,10,616

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-07-03	AGM
2026-06-29	Board Meeting	Quarterly Results
2026-05-14	Ex Dividend	Rs.7.1000 per share(710%)Final Dividend	2026-07-07	2026-07-07

Insider Trading

Date	Person	Category	Transaction Type	Shares
2026-08-27	JSW Steel Employees Welfare Trust JSWSL OPJ Samruddhi Plan 2021 A/c	Market	Sell	2,336
2026-08-27	JSW Steel Employees Welfare Trust OPJ ESOP Plan 2021 A/c	Market	Sell	4,867
2026-08-27	JSW Steel Employees Welfare Trust OPJ ESOP Plan 2021 A/c	Off Market	Sell	144
2026-08-27	JSW Steel Employees Welfare Trust JSWSL OPJ Samruddhi Plan 2021 A/c	Market	Sell	1,373
2026-08-27	JSW Steel Employees Welfare Trust OPJ ESOP Plan 2021 A/c	Market	Sell	4,678
2026-08-27	JSW Steel Employees Welfare Trust OPJ ESOP Plan 2021 A/c	Market	Sell	9,712
2026-08-27	JSW Steel Employees Welfare Trust JSWSL OPJ Samruddhi Plan 2021 A/c	Market	Sell	1,880
2026-08-25	JSW Steel Employees Welfare Trust OPJ ESOP Plan 2021 A/c	Market	Sell	30,591
2026-08-25	JSW Steel Employees Welfare Trust JSWSL OPJ Samruddhi Plan 2021 A/c	Off Market	Sell	15,984
2026-08-25	JSW Steel Employees Welfare Trust OPJ ESOP Plan 2021 A/c	Off Market	Sell	54,258
2026-08-25	JSW Steel Employees Welfare Trust JSWSL OPJ Samruddhi Plan 2021 A/c	Market	Sell	5,013
2026-08-25	JSW Steel Employees Welfare Trust JSWSL OPJ Samruddhi Plan 2021 A/c	Off Market	Sell	21,159
2026-08-25	JSW Steel Employees Welfare Trust OPJ ESOP Plan 2021 A/c	Off Market	Sell	29,322
2026-08-25	JSW Steel Employees Welfare Trust JSWSL OPJ Samruddhi Plan 2021 A/c	Market	Sell	3,415
2026-08-25	JSW Steel Employees Welfare Trust OPJ ESOP Plan 2021 A/c	Market	Sell	13,461
2026-08-25	JSW Steel Employees Welfare Trust JSWSL OPJ Samruddhi Plan 2021 A/c	Market	Sell	1,414
2026-08-25	JSW Steel Employees Welfare Trust OPJ ESOP Plan 2021 A/c	Market	Sell	23,610
2026-08-25	JSW Steel Employees Welfare Trust OPJ ESOP Plan 2021 A/c	Market	Sell	36,596
2026-08-25	JSW Steel Employees Welfare Trust OPJ ESOP Plan 2021 A/c	Off Market	Sell	1,976
2026-08-25	JSW Steel Employees Welfare Trust JSWSL OPJ Samruddhi Plan 2021 A/c	Market	Sell	2,738

Sector Overview

Iron & SteelSteel & Iron Products

JSW Steel Ltd. operates in the Iron & Steel sector under the Steel & Iron Products industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

14 members across the board and senior leadership

Sajjan Jindal

Chairman & Managing Director

₹58.20 Cr

Mar '26

Jayant Acharya

Joint Managing Director & CEO

₹14.80 Cr

Mar '26

Gajraj Singh Rathore

Whole Time Director & Chief Operating Officer

₹9.30 Cr

Mar '26

Arun Sitaram Maheshwari

Whole Time Director - Commercial & Marketing

₹6.54 Cr

Mar '26

Khushboo Goel Chowdhary

Nominee Director - KSIDC

₹54.50 L

Mar '26

Hiroyuki Ogawa

Nominee Director of JFE Steel Corp., Japan

₹56.00 L

Mar '26

Seturaman Mahalingam