About
JSW Steel Limited manufactures and sells iron and steel products in India and internationally. The company offers hot and cold rolled steel products, colour coated sheets, galvanized and galvalume steel, electrical steel, steel doors, zinc-magnesium-aluminium products, aluminium-zinc roofing products, tin plate, TMT bars, wire rods, special alloy steel, grinding media, prepainted colour coated steel, low-carbon steel, hot-rolled sheets, structural steel, and low relaxation pre-stressed concrete steel strands under the JSW Neosteel, JSW Neostrands, JSW Neosteel Fastbuild, JSW Trusteel, JSW Colouron+, JSW Everglow, JSW Vishwas, JSW Platina, JSW Magsure, JSW Galveco, JSW Silveron+, JSW Pragati+, JSW Vishwas+, JSW Galvos, JSW Avante, JSW ColourFrame, JSW Endura+, JSW Radiance brands. It also engages in acquisition and investment in steel related and allied businesses, and trading in steel products; real estate; production and distribution of special long steel products; management of logistic infrastructure of Piombino's port area; produces forged steel balls; manufactures plates, pipes and double jointing, slabs, and hot rolled coils; produces gaseous and liquid form of oxygen, nitrogen, argon, and other products recoverable from separation of air; mining; and construction and development of residential township. In addition, the company trades in iron ore, steel, and allied activities; and provides steel plant, coke oven and pellet plant, power plant, and scrap shredding facilities. Its products are used in automotive, general engineering, machinery, and infrastructure and construction sectors. The company was formerly known as Jindal Vijayanagar Steel Limited and changed its name to JSW Steel Limited in June 2005. JSW Steel Limited was founded in 1982 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap323,775 Cr
P/E26.90
Div Yield0.54 %
Book Value₹409.00
52w High₹1,351.00
52w Low₹1,025.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 47,364.00 | 51,180.00 | 45,991.00 | 45,152.00 | 43,147.00 | 44,819.00 | 41,378.00 | 39,684.00 | 42,943.00 | 46,269.00 | 41,940.00 | 44,584.00 | 42,213.00 |
| Expenses | 38,079.00 | 42,716.00 | 39,612.00 | 38,125.00 | 35,671.00 | 38,684.00 | 35,799.00 | 34,309.00 | 37,445.00 | 40,243.00 | 34,776.00 | 36,722.00 | 35,201.00 |
| Operating Profit | 9,285.00 | 8,464.00 | 6,379.00 | 7,027.00 | 7,476.00 | 6,135.00 | 5,579.00 | 5,375.00 | 5,498.00 | 6,026.00 | 7,164.00 | 7,862.00 | 7,012.00 |
| OPM % | 20.00 | 17.00 | 14.00 | 16.00 | 17.00 | 14.00 | 13.00 | 14.00 | 13.00 | 13.00 | 17.00 | 18.00 | 17.00 |
| Other Income | 724.00 | 18,229.00 | -256.00 | 284.00 | 350.00 | 186.00 | 50.00 | -189.00 | 164.00 | 242.00 | 194.00 | 826.00 | 331.00 |
| Depreciation | 2,137.00 | 2,148.00 | 2,362.00 | 2,554.00 | 2,537.00 | 2,497.00 | 2,336.00 | 2,267.00 | 2,209.00 | 2,194.00 | 2,059.00 | 2,019.00 | 1,900.00 |
| Interest | 1,712.00 | 2,168.00 | 2,304.00 | 2,413.00 | 2,217.00 | 2,094.00 | 2,115.00 | 2,130.00 | 2,073.00 | 2,062.00 | 1,996.00 | 2,084.00 | 1,963.00 |
| Profit before tax | 6,160.00 | 22,377.00 | 1,457.00 | 2,344.00 | 3,072.00 | 1,730.00 | 1,178.00 | 789.00 | 1,380.00 | 2,012.00 | 3,303.00 | 4,585.00 | 3,480.00 |
| Tax % | 24.00 | 14.00 | -65.00 | 30.00 | 28.00 | 13.00 | 39.00 | 49.00 | 37.00 | 34.00 | 26.00 | 40.00 | 30.00 |
| Net Profit | 4,696.00 | 19,243.00 | 2,410.00 | 1,646.00 | 2,209.00 | 1,501.00 | 719.00 | 404.00 | 867.00 | 1,322.00 | 2,450.00 | 2,773.00 | 2,428.00 |
| EPS in Rs | 19.02 | 66.94 | 8.75 | 6.64 | 8.93 | 6.15 | 2.93 | 1.80 | 3.46 | 5.31 | 9.88 | 11.29 | 9.67 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 185,470.00 | 168,824.00 | 175,006.00 | 165,960.00 | 146,371.00 | 79,839.00 | 73,326.00 | 84,757.00 | 71,933.00 | 55,604.00 | 41,546.00 | 52,972.00 |
| Expenses | 156,006.00 | 146,099.00 | 146,849.00 | 147,490.00 | 107,257.00 | 59,661.00 | 61,513.00 | 65,827.00 | 57,017.00 | 43,296.00 | 35,124.00 | 43,608.00 |
| Operating Profit | 29,464.00 | 22,725.00 | 28,157.00 | 18,470.00 | 39,114.00 | 20,178.00 | 11,813.00 | 18,930.00 | 14,916.00 | 12,308.00 | 6,422.00 | 9,364.00 |
| OPM % | 16.00 | 13.00 | 16.00 | 11.00 | 27.00 | 25.00 | 16.00 | 22.00 | 21.00 | 22.00 | 15.00 | 18.00 |
| Other Income | 18,489.00 | 73.00 | 1,500.00 | 1,561.00 | 1,600.00 | 473.00 | -289.00 | 196.00 | -177.00 | 18.00 | -1,966.00 | 103.00 |
| Interest | 9,102.00 | 8,412.00 | 8,105.00 | 6,902.00 | 4,968.00 | 3,957.00 | 4,265.00 | 3,917.00 | 3,701.00 | 3,768.00 | 3,601.00 | 3,493.00 |
| Depreciation | 9,601.00 | 9,309.00 | 8,172.00 | 7,474.00 | 6,001.00 | 4,679.00 | 4,246.00 | 4,041.00 | 3,387.00 | 3,430.00 | 3,323.00 | 3,434.00 |
| Profit before tax | 29,250.00 | 5,077.00 | 13,380.00 | 5,655.00 | 29,745.00 | 12,015.00 | 3,013.00 | 11,168.00 | 7,651.00 | 5,128.00 | -2,468.00 | 2,539.00 |
| Tax % | 13.00 | 31.00 | 33.00 | 27.00 | 30.00 | 34.00 | -30.00 | 33.00 | 20.00 | 33.00 | -80.00 | 32.00 |
| Net Profit | 25,508.00 | 3,491.00 | 8,973.00 | 4,139.00 | 20,938.00 | 7,873.00 | 3,919.00 | 7,524.00 | 6,113.00 | 3,467.00 | -481.00 | 1,722.00 |
| EPS in Rs | 91.26 | 14.33 | 36.03 | 17.14 | 85.49 | 32.73 | 16.67 | 31.60 | 25.71 | 14.57 | -1.39 | 7.43 |
| Dividend Payout % | 10.00 | 24.00 | 25.00 | 25.00 | 25.00 | 25.00 | 15.00 | 16.00 | 16.00 | 19.00 | -67.00 | 19.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 305.00 | 305.00 | 305.00 | 301.00 | 301.00 | 302.00 | 301.00 | 301.00 | 302.00 | 301.00 | 301.00 | 303.00 |
| Reserves | 99,748.00 | 79,191.00 | 77,364.00 | 65,394.00 | 66,996.00 | 45,308.00 | 36,298.00 | 34,494.00 | 27,696.00 | 22,346.00 | 18,665.00 | 21,987.00 |
| Borrowings | 99,310.00 | 98,752.00 | 87,984.00 | 80,853.00 | 72,237.00 | 66,727.00 | 61,423.00 | 47,396.00 | 39,393.00 | 43,334.00 | 42,204.00 | 38,754.00 |
| Other Liabilities | 70,295.00 | 62,197.00 | 62,245.00 | 63,991.00 | 56,951.00 | 34,826.00 | 33,798.00 | 32,606.00 | 24,579.00 | 22,024.00 | 20,737.00 | 24,610.00 |
| Total Liabilities | 269,658.00 | 240,445.00 | 227,898.00 | 210,539.00 | 196,485.00 | 147,163.00 | 131,820.00 | 114,797.00 | 91,970.00 | 88,005.00 | 81,907.00 | 85,654.00 |
| Fixed Assets | 117,129.00 | 124,466.00 | 112,461.00 | 104,452.00 | 99,880.00 | 64,917.00 | 62,085.00 | 62,644.00 | 57,848.00 | 58,730.00 | 56,140.00 | 52,176.00 |
| CWIP | 22,315.00 | 21,007.00 | 29,676.00 | 22,166.00 | 16,905.00 | 32,566.00 | 27,191.00 | 11,889.00 | 5,950.00 | 4,363.00 | 7,271.00 | 8,265.00 |
| Investments | 10,218.00 | 15,217.00 | 7,246.00 | 4,806.00 | 4,940.00 | 7,427.00 | 1,259.00 | 1,894.00 | 1,469.00 | 1,366.00 | 1,195.00 | 599.00 |
| Other Assets | 119,996.00 | 79,755.00 | 78,515.00 | 79,115.00 | 74,760.00 | 42,253.00 | 41,285.00 | 38,370.00 | 26,703.00 | 23,546.00 | 17,302.00 | 24,613.00 |
| Total Assets | 269,658.00 | 240,445.00 | 227,898.00 | 210,539.00 | 196,485.00 | 147,163.00 | 131,820.00 | 114,797.00 | 91,970.00 | 88,005.00 | 81,907.00 | 85,654.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 25,152.00 | 20,899.00 | 12,078.00 | 23,323.00 | 26,270.00 | 18,831.00 | 12,785.00 | 14,633.00 | 12,379.00 | 7,888.00 | 6,897.00 | 7,876.00 |
| Cash from Investing Activity | 18,560.00 | -17,012.00 | -14,467.00 | -10,730.00 | -14,748.00 | -9,410.00 | -19,589.00 | -11,387.00 | -4,529.00 | -5,094.00 | -3,857.00 | -7,372.00 |
| Cash from Financing Activity | -16,111.00 | -262.00 | -5,005.00 | -5,977.00 | -14,657.00 | -1,444.00 | 5,189.00 | 1,753.00 | -8,185.00 | -2,710.00 | -3,151.00 | -169.00 |
| Net Cash Flow | 27,601.00 | 3,625.00 | -7,394.00 | 6,616.00 | -3,135.00 | 7,977.00 | -1,615.00 | 4,999.00 | -335.00 | 84.00 | -111.00 | 334.00 |
| Free Cash Flow | 10,610.00 | 8,264.00 | -3,469.00 | 8,574.00 | 16,222.00 | 7,916.00 | 18.00 | 4,471.00 | 7,703.00 | 3,498.00 | 1,736.00 | 1,362.00 |
| CFO/OP % | 96.00 | 101.00 | 53.00 | 130.00 | 81.00 | 103.00 | 118.00 | 91.00 | 93.00 | 66.00 | 111.00 | 92.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 22.00 | 18.00 | 16.00 | 16.00 | 19.00 | 21.00 | 22.00 | 31.00 | 24.00 | 27.00 | 24.00 | 17.00 |
| Inventory Days | 124.00 | 142.00 | 151.00 | 130.00 | 208.00 | 160.00 | 130.00 | 123.00 | 118.00 | 147.00 | 135.00 | 136.00 |
| Days Payable | 130.00 | 132.00 | 133.00 | 149.00 | 190.00 | 171.00 | 169.00 | 137.00 | 149.00 | 172.00 | 207.00 | 175.00 |
| Cash Conversion Cycle | 16.00 | 28.00 | 33.00 | -4.00 | 36.00 | 9.00 | -17.00 | 17.00 | -7.00 | 2.00 | -48.00 | -23.00 |
| Working Capital Days | -15.00 | -19.00 | -29.00 | -50.00 | -24.00 | -93.00 | -96.00 | -63.00 | -36.00 | -66.00 | -105.00 | -58.00 |
| ROCE % | 11.00 | 8.00 | 13.00 | 8.00 | 28.00 | 15.00 | 9.00 | 20.00 | 18.00 | 14.00 | 5.00 | 10.00 |
Corporate Actions
29 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 07 Jul 2026 | 07 Jul 2026 | — | 7.10 | |
| Dividend | 08 Jul 2025 | 08 Jul 2025 | — | 2.80 | |
| Dividend | 09 Jul 2024 | — | — | 7.30 | |
| Dividend | 11 Jul 2023 | — | — | 3.40 | |
| Dividend | 04 Jul 2022 | — | — | 17.35 | |
| Dividend | 05 Jul 2021 | — | — | 6.50 | |
| Dividend | 06 Jul 2020 | — | — | 2.00 | |
| Dividend | 08 Jul 2019 | — | — | 4.10 | |
| Dividend | 06 Jul 2018 | — | — | 3.20 | |
| Dividend | 12 Jun 2017 | — | — | 2.25 | |
| Split | 04 Jan 2017 | 05 Jan 2017 | 10:1 | — | |
| Other | 04 Jan 2017 | 05 Jan 2017 | — | — | Fv Splt Frm Rs 10 To Re 1 |
| Dividend | 04 Jul 2016 | — | — | 7.50 | |
| Dividend | 06 Jul 2015 | — | — | 11.00 | |
| Dividend | 07 Jul 2014 | — | — | 11.00 | |
| Dividend | 15 Jul 2013 | — | — | 10.00 | |
| Other | 15 Jul 2013 | — | — | — | Annual General Meeting / Dividend - Rs.10/- Per Equity Share |
| Dividend | 12 Jul 2012 | — | — | 7.50 | |
| Dividend | 11 Jul 2011 | — | — | 12.25 | |
| Dividend | 14 Jun 2010 | — | — | 9.50 | |
| Dividend | 29 Jun 2009 | — | — | 1.00 | |
| Dividend | 21 May 2008 | — | — | 14.00 | NSE/BSE dividend mismatch: NSE=1.4; BSE=14.0 |
| Dividend | 21 May 2008 | — | — | 1.40 | NSE/BSE dividend mismatch: NSE=1.4; BSE=14.0 |
| Other | 16 May 2007 | — | — | — | Annual General Meeting |
| Dividend | 20 Mar 2007 | 21 Mar 2007 | — | 12.50 | |
| Dividend | 15 Jun 2006 | — | — | 0.80 | |
| Dividend | 29 Apr 2005 | — | — | 0.50 | |
| Dividend | 21 Feb 2005 | 28 Feb 2005 | — | 3.00 | |
| Other | 21 Feb 2005 | 28 Feb 2005 | — | — | Scheme of Arrangement |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update2d from fitch
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Rating update30 Jul from icra
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Rating update7 Jul from care
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Rating update12 Dec 2025 from care
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Rating update12 Dec 2025 from icra
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Rating update12 Nov 2025 from fitch
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