JSW Steel Limited, a prominent Indian multinational steel producer headquartered in Mumbai, holds a significant position as the flagship company of the JSW Group. Since its establishment in 1982 by founder Sajjan Jindal, JSW Steel has emerged as India’s second-largest private sector steel company, following the successful merger of Bhushan Power & Steel, Ispat Steel, and Jindal Vijayanagar Steel Limited. With a workforce of approximately 27,000 employees as of 2024, JSW Steel has established itself as a major player in the steel industry.
As of February 6th, 2024, JSW Steel is trading at Rs. 810 with a market cap of Rs. 1,98,045 Cr.
Below are the trading platforms that you can use to purchase JSW Steel shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
January 2025 | ₹1,082.37 | ₹832.59 |
February 2025 | ₹1,110.13 | ₹853.94 |
March 2025 | ₹1,153.42 | ₹887.25 |
April 2025 | ₹1,130.81 | ₹869.85 |
May 2025 | ₹1,097.87 | ₹844.51 |
June 2025 | ₹1,147.27 | ₹882.52 |
July 2025 | ₹1,124.78 | ₹865.21 |
August 2025 | ₹1,159.56 | ₹891.97 |
September 2025 | ₹1,200.15 | ₹923.19 |
October 2025 | ₹1,231.35 | ₹947.19 |
November 2025 | ₹1,262.14 | ₹970.87 |
December 2025 | ₹1,293.69 | ₹995.15 |
Year | Maximum Price | Minimum Price |
2026 | ₹1,358.38 | ₹950.86 |
2027 | ₹1,494.21 | ₹1,045.95 |
2028 | ₹2,091.90 | ₹1,045.95 |
2029 | ₹1,811.17 | ₹905.58 |
2030 | ₹2,354.52 | ₹1,648.16 |
Financial Condition of JSW Steel: Last 5 years
JSW Steel Financial Years |
Mar 2019 |
Mar 2020 |
Mar 2021 |
Mar 2022 |
Mar 2023 |
---|---|---|---|---|---|
Sales (Rs. Crores) | 84,757 | 73,326 | 79,839 | 146,371 | 165,960 |
Expenses (Rs. Crores) | 65,827 | 61,513 | 59,661 | 107,257 | 147,550 |
Operating Profit (Rs. Crores) | 18,930 | 11,813 | 20,178 | 39,114 | 18,410 |
OPM % | 22% | 16% | 25% | 27% | 11% |
Other Income (Rs. Crores) | 196 | -289 | 473 | 1,600 | 1,621 |
Interest (Rs. Crores) | 3,917 | 4,265 | 3,957 | 4,968 | 6,902 |
Depreciation (Rs. Crores) | 4,041 | 4,246 | 4,679 | 6,001 | 7,474 |
Profit before tax (Rs. Crores) | 11,168 | 3,013 | 12,015 | 29,745 | 5,655 |
Tax % | 33% | -30% | 34% | 30% | 27% |
Net Profit (Rs. Crores) | 7,524 | 3,919 | 7,873 | 20,938 | 4,139 |
EPS (Rs.) | 31.60 | 16.67 | 32.73 | 85.49 | 17.14 |
Dividend Payout % | 16% | 15% | 25% | 25% | 25% |
Over the last 5 years, JSW Steel, a prominent steel manufacturing company, has witnessed significant fluctuations in its financial performance over the last five years. Sales figures have shown an upward trend, with revenues increasing from Rs. 84,757 crores in March 2019 to Rs. 165,960 crores in March 2023. However, the company faced challenges in managing expenses, which rose steadily from Rs. 65,827 crores to Rs. 147,550 crores during the same period. This resulted in varying operating profits, reaching a peak of Rs. 39,114 crores in March 2022.
Nevertheless, JSW Steel’s operating profit margin (OPM %) experienced fluctuations, ranging from 16% to 27%. The company’s financial performance was influenced by other income sources, interest expenses, and depreciation costs. Despite facing periods of low profitability, JSW Steel demonstrated resilience, with a net profit of Rs. 4,139 crores in March 2023.
The company’s earnings per share (EPS) also showed considerable growth, reaching Rs. 17.14 in the same year. Throughout this period, the dividend payout percentage remained stable at 25%, indicating a commitment to rewarding shareholders. JSW Steel’s financials reflect both the challenges and successes experienced by the steel industry, highlighting the company’s ability to adapt and thrive in a dynamic market environment.
FAQS
As of February 6th, 2024, JSW Steel’s share price is 810 INR.
Based on various analyst reports, JSW Steel’s share price target for 2023-2030 ranges from ₹924.59 to ₹2,354.52.
While JSW can reach Rs.5000 in the future, as per our analysis, by 2025 it does not look like JSW Steel can reach Rs. 5000. It is also important to consider various market factors and potential risks that could affect the company’s stock performance.
In 2025, JSW Steel Limited is expected to trade in between ₹869.85 and ₹1,293.69 with an average price of ₹1,081.77..
In 2030, JSW Steel Limited is expected to trade in between ₹1,648.16 and ₹2,354.52 with an average price of ₹2,001.34.
Factors that could impact JSW Steel’s share price include global steel demand, raw material prices, government policies, and competition.
How has JSW Steel’s financial performance been in recent years?
JSW Steel’s financial performance has been strong in recent years, with steady revenue growth and increasing profits.
What are some potential risks for investing in JSW Steel?
Some potential risks for investing in JSW Steel include volatility in global steel markets, fluctuating raw material prices, and regulatory changes.
What are some reasons to consider investing in JSW Steel?
JSW Steel has a strong market position, a diversified product portfolio, and a track record of solid financial performance.
What is the dividend history of JSW Steel?
JSW Steel has a history of paying dividends to its shareholders, with a current dividend payout ratio of around 25%.
Which Mutual Fund companies hold JSW Steel?
Kotak Equity Arbitrage Direct-G, UTI Nifty 50 Index Fund Direct-G, and ICICI Pru Equity Savings Direct-G are some of the mutual fund companies holding JSW Steel in their portfolio
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Conclusion
In conclusion, JSW Steel has exhibited consistent sales growth over the past decade, with the last three years showing particularly robust expansion. However, the company has experienced varying levels of profitability, with a decline in profit growth over the past five years and a significant drop in the trailing twelve months.
On the other hand, the stock price has displayed positive CAGR figures, indicating appreciation and investor confidence. JSW Steel’s return on equity has generally remained stable, although there was a slight decrease in the most recent year.
Disclaimer: Connect with a SEBI-registered financial advisor for any investment advice. Whatever is mentioned in this article, is for educational purposes only and is my opinion. This is not to be taken as any financial advice.
What did we learn?
- 1 How to purchase JSW Steel shares?
- 2 JSW Steel Share Price Target: 2024, 2025 to 2030
- 3 Financial Condition of JSW Steel: Last 5 years
- 3.1 What is JSW Steel’s current share price?
- 3.2 What is the share price target for JSW Steel in 2024-2030?
- 3.3 Can JSW Steel reach a share price of ₹5,000 by 2025?
- 3.4 What is JSW’s steel share price target for 2025?
- 3.5 What is JSW’s steel share price target for 2030?
- 3.6 What factors could impact JSW Steel’s share price in the future?
- 3.7 How has JSW Steel’s financial performance been in recent years?
- 3.8 What are some potential risks for investing in JSW Steel?
- 3.9 What are some reasons to consider investing in JSW Steel?
- 3.10 What is the dividend history of JSW Steel?
- 3.11 Which Mutual Fund companies hold JSW Steel?
- 4 Conclusion