JSW Steel Limited (JSWSTEEL) AI Stock Analysis

• Market Cap: ₹2.89T
• Dividend Yield: 0.26%
• Average Volume (3M): 62.90K
• Price to Earnings (P/E): 47.9
• Beta (1Y): 0.97
• Revenue Growth: 2.14%
• EPS Growth: 20.37%
• Country: IN
• Employees: 13,301
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 6.64
• Shares Outstanding: 2,445,453,900
• 10 Day Avg. Volume: 59,869
• 30 Day Avg. Volume: 62,901
• PEG Ratio: -1.22
• Price to Book (P/B): 3.25
• Price to Sales (P/S): 1.53
• P/FCF Ratio: 31.50
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,280.00
• Price Target Upside: 8.29% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ₹1,245.00 ▲(5.33% Upside)

JSW Steel's overall stock score is driven primarily by its solid financial performance and positive technical indicators. However, the high P/E ratio suggests potential overvaluation, which tempers the overall score. The absence of earnings call and corporate events data means these factors did not influence the score.

Positive Factors

Cash Flow Improvement

The significant improvement in free cash flow enhances JSW Steel's financial flexibility, allowing for potential reinvestment in growth and debt reduction, which is crucial for long-term stability.

Strong Profit Margins

Consistently strong profit margins indicate efficient cost management, supporting JSW Steel's ability to maintain profitability even amid market fluctuations, which is vital for sustained competitive advantage.

Revenue Diversification

By focusing on value-added products, JSW Steel diversifies its revenue streams, enhancing resilience against commodity price volatility and positioning itself for long-term growth in high-margin segments.

Negative Factors

Rising Leverage

Increasing leverage can strain JSW Steel's financial resources, potentially limiting its ability to invest in growth opportunities and increasing vulnerability to interest rate hikes, impacting long-term financial health.

Volatile Net Profit Margin

Volatility in net profit margins can signal instability in earnings, which may affect investor confidence and the company's ability to sustain long-term profitability, especially in a cyclical industry like steel.

Revenue Decline

A recent decline in revenue could indicate challenges in market demand or competitive pressures, potentially impacting JSW Steel's market position and growth prospects if not addressed strategically.

JSW Steel Limited Business Overview & Revenue Model

Company Description

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. 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.

How the Company Makes Money

JSW Steel generates revenue primarily through the sale of steel products, which account for a significant portion of its earnings. The company produces various types of steel, including flat and long products, and caters to multiple sectors such as construction, automotive, and infrastructure. Additionally, JSW Steel engages in value-added products, which typically yield higher margins. The company also benefits from strategic partnerships and collaborations with other sectors, including infrastructure development, which further enhances its revenue streams. Furthermore, fluctuations in steel prices, demand-supply dynamics, and government policies related to the steel industry significantly influence its financial performance.

JSW Steel Limited Financial Statement Overview

Summary

JSW Steel demonstrates a solid financial foundation with stable revenue and profitability metrics, although recent challenges are evident. The balance sheet shows increased leverage, warranting careful debt management. Cash flow has improved, providing the company with better financial flexibility moving forward.

Income Statement

JSW Steel's revenue has shown a mixed trend with a recent decline in 2025 after previous growth. The gross profit margin has remained reasonably strong over the years, reflecting efficient cost management, but the net profit margin has been volatile, influenced by fluctuating net income. The EBIT and EBITDA margins indicate relatively stable operating profitability, despite recent pressures.

Balance Sheet

The company's debt-to-equity ratio has been increasing, indicating rising leverage which could pose a risk if not managed carefully. However, the return on equity remains positive, demonstrating the company's ability to generate returns from shareholders' investments. The equity ratio suggests a moderate reliance on debt financing, which is typical for the steel industry.

Cash Flow

JSW Steel's free cash flow has improved significantly in 2025, recovering from a negative position in 2024. The operating cash flow to net income ratio indicates strong cash generation relative to net income, which is a positive indicator of liquidity. The free cash flow to net income ratio has also rebounded, suggesting improved financial flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.69T	1.69T	1.75T	1.66T	1.46T	798.39B
Gross Profit	699.24B	671.06B	709.11B	630.73B	715.40B	391.48B
EBITDA	245.44B	230.42B	283.70B	202.44B	392.38B	197.54B
Net Income	48.43B	35.04B	88.12B	41.44B	206.65B	79.11B
Balance Sheet
Total Assets	0.00	2.41T	2.28T	2.11T	1.96T	1.48T
Cash, Cash Equivalents and Short-Term Investments	184.82B	191.04B	123.51B	200.82B	159.52B	128.66B
Total Debt	0.00	987.52B	879.84B	1.07T	722.11B	667.01B
Total Liabilities	-816.66B	1.59T	1.48T	1.44T	1.28T	1.02T
Stockholders Equity	816.66B	794.96B	776.69B	656.95B	672.97B	456.10B
Cash Flow
Free Cash Flow	0.00	82.05B	-37.23B	85.39B	161.79B	95.31B
Operating Cash Flow	0.00	208.99B	120.78B	233.23B	262.70B	187.89B
Investing Cash Flow	0.00	-169.97B	-146.38B	-107.11B	-159.87B	-81.19B
Financing Cash Flow	0.00	-2.62B	-50.05B	-59.77B	-146.57B	-31.10B

JSW Steel Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1182.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JSWSTEEL, the sentiment is Positive. The current price of 1182 is above the 20-day moving average (MA) of 1147.69, above the 50-day MA of 1144.90, and above the 200-day MA of 1077.83, indicating a bullish trend. The MACD of 15.30 indicates Negative momentum. The RSI at 61.40 is Neutral, neither overbought nor oversold. The STOCH value of 68.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:JSWSTEEL.

JSW Steel Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VEDL	79 Outperform	₹2.64T	21.96	―	8.78%	8.87%	2.25%
SAIL	73 Outperform	₹629.49B	24.63	―	1.21%	6.45%	1.13%
TATASTEEL	71 Outperform	₹2.36T	34.68	―	2.11%	-0.42%	132.70%
JSL	67 Neutral	₹653.72B	23.60	―	0.38%	9.04%	12.80%
JSWSTEEL	66 Neutral	₹2.89T	47.85	―	0.26%	2.14%	20.37%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
JINDALSTEL	57 Neutral	₹1.06T	38.47	―	0.20%	-2.21%	-46.30%

JSW Steel Limited Corporate Events

Japan’s R&I Assigns ‘A-’ Stable Issuer Rating to JSW Steel

Rating and Investment Information, Inc. (R&I) of Japan has assigned JSW Steel Limited an issuer rating of ‘A-’ with a Stable outlook, citing the company’s strong competitive position, robust earnings base and solid financial profile despite ongoing, sizeable capital expenditure. The rating reflects confidence in India’s structurally growing steel demand, policy support for domestic producers, and JSW Steel’s scale, technological capabilities, and diversified customer base, indicating that its credit strength is underpinned by favorable industry fundamentals and is not tightly constrained by India’s sovereign rating.

JSW Steel and JFE Steel Form Joint Venture for Bhushan Power and Steel Business

JSW Steel Limited has entered into a 50:50 joint venture with JFE Steel Corporation of Japan for the steel business of Bhushan Power and Steel Limited. This strategic partnership involves a business transfer agreement and is subject to necessary regulatory and shareholder approvals, potentially strengthening JSW Steel’s market position.

JSW Steel Completes Acquisition of Saffron Resources

JSW Steel Limited has announced the completion of its acquisition of a 100% equity interest in Saffron Resources Private Limited, making Saffron a wholly-owned subsidiary. This strategic acquisition, finalized on December 3, 2025, is expected to enhance JSW Steel’s operational capabilities and strengthen its market position, potentially offering new growth opportunities and benefits to its stakeholders.

JSW Steel and JFE Steel Form Joint Venture to Boost Bhushan Power and Steel

JSW Steel Limited has announced a strategic joint venture with JFE Steel Corporation of Japan to manage the steel business of Bhushan Power and Steel Limited (BPSL). This partnership aims to enhance BPSL’s growth potential by leveraging advanced technology and expanding its production capacity. The transaction involves a slump sale of BPSL’s steel business to JSW Sambalpur Steel Limited for Rs 24,483 crores, and JFE will acquire a 50% equity stake in JSW Kalinga for Rs 15,750 crores. This collaboration is expected to bolster JSW Steel’s growth strategy and strengthen its position in the high-end value-added steel products market. The transaction is subject to regulatory and shareholder approvals, including the Competition Commission of India.

JSW Steel Announces Strategic Merger with Piombino Steel

JSW Steel Limited has announced the approval of a merger with Piombino Steel Limited, which is a strategic move to consolidate its holdings and enhance its focus on Bhushan Power and Steel Limited, a subsidiary operating a major steel facility in Odisha. This amalgamation is expected to streamline operations, align strategic interests, and facilitate future transactions and investments related to Bhushan Power and Steel Limited, ultimately benefiting shareholders and stakeholders.

JSW Steel Forms Strategic Joint Venture with JFE Steel

JSW Steel Limited has announced a strategic joint venture with JFE Steel Corporation of Japan, involving the slump sale of Bhushan Power and Steel Limited’s steel business to a 50:50 joint venture valued at INR 31,500 crore. This transaction allows JSW to monetize part of its holding in BPSL, strengthening its balance sheet and accelerating growth. The partnership with JFE, a long-term collaborator, will leverage technological expertise and operational excellence to create value for stakeholders, positioning JSW for continued growth in the rapidly expanding Indian steel market.

JSW Steel Reports 9% YoY Increase in October Crude Steel Production

JSW Steel Limited reported a consolidated crude steel production of 24.95 lakh tonnes for October 2025, marking a 9% year-on-year increase. Despite a temporary reduction in capacity utilization due to the upgrade of a blast furnace at its Vijayanagar plant, the company’s operational performance remains robust. The upgrade is expected to enhance production capacity significantly, reflecting JSW Steel’s ongoing commitment to growth and innovation in the steel industry.

JSW Steel Schedules Investor Meetings in Asia

JSW Steel Limited has announced the schedule for its upcoming Analyst and Institutional Investor meetings, which are set to take place in Singapore and Hong Kong from November 11th to 13th, 2025. These meetings are part of the company’s ongoing efforts to engage with investors and analysts, potentially impacting its market perception and investor relations.

JSW Steel Releases Q2 2025 Financial Results

JSW Steel Limited has published its financial results for the quarter ending September 30, 2025, in leading newspapers. This disclosure, in compliance with SEBI regulations, reflects the company’s commitment to transparency and provides stakeholders with insights into its financial performance, potentially influencing market perceptions and investor decisions.