JSW Steel Limited

BSE: JSWSTEEL500228ISIN INE019A01038

Commodities
Iron & Steel
BSE 100

BSE listing

Share price

₹1,268.00+11.20 (+0.89%)

as of 18 Sep 2026

52W high: ₹1,350.30
52W low: ₹1,025.15
Off 52W high: -6.09%
1M return: -1.04%
3M return: -1.59%
6M return: +8.43%
1Y return: +13.10%
20D avg volume: 79,524
50 DMA: ₹1,280.80
200 DMA: ₹1,229.73

Key ratios Consolidated

Market cap: ₹3,10,084 Cr
Current price: ₹1,268.00
52W high / low: ₹1,350.30 / ₹1,025.15
Face value: ₹1.00
P/E: 11.08
P/B: —
EPS (TTM): ₹114.48
Book value / share: —
ROE: —
ROCE: 19.40%
Operating margin: —
Net margin: —
Debt / equity: 0.91
Net debt: ₹56,276 Cr
Interest cover: 4.27
Dividend yield: 0.56%
Dividend / share (TTM): ₹7.10
Payout: 6.20%
Cash conversion cycle: 57.8 days

About

In plain English

JSW Steel is one of India's biggest steelmakers, turning raw iron ore into flat and long steel products used in everything from cars and bridges to washing machines and skyscrapers. For example, they supply the strong steel sheets that carmakers like Tata Motors and Mahindra use for vehicle bodies, and the steel beams that construction companies rely on for building frames. They also make specialized steel for pipelines, railways, and solar panels. Their customers are mostly large industrial buyers—automakers, infrastructure developers, appliance manufacturers, and oil and gas companies—who need reliable, high-quality steel in massive quantities. JSW Steel makes money by selling these steel products at market prices, with profits depending on the difference between raw material costs and selling prices.

AI-generated summary, written from the company's own filings and disclosures. Every figure elsewhere on this page comes from exchange data, not from a model. See our editorial standards. Generated 18 Jul 2026.

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	47,364	51,180	45,991	45,152	43,147	44,819	41,378	39,684	42,943	46,269	41,940	44,584
	724.00	341.00	273.00	284.00	350.00	230.00	147.00	153.00	164.00	242.00	194.00	237.00
	41,830	46,862	44,161	43,004	40,325	43,032	40,250	38,644	41,715	44,401	38,815	40,801
	24,586	20,628	23,525	23,921	20,762	22,773	22,123	21,965	21,463	24,541	24,283	21,485
	1,814	1,042	718.00	722.00	554.00	549.00	109.00	116.00	71.00	477.00	232.00	171.00
	1,306	1,355	1,305	1,307	1,318	1,181	1,149	1,220	1,248	1,151	1,182	1,097
	1,712	2,168	2,304	2,413	2,217	2,094	2,115	2,130	2,073	2,062	1,996	2,084
	2,137	2,148	2,362	2,554	2,537	2,497	2,336	2,267	2,209	2,194	2,059	2,019
	12,560	14,548	12,659	13,450	13,116	13,387	6,052	6,233	6,449	7,197	6,648	5,596
	6,258	4,659	2,103	2,432	3,172	2,017	1,275	1,193	1,392	2,110	3,319	4,020
	0.00	17,888	-529.00	0.00	0.00	-44.00	-103.00	-342.00	0.00	0.00	0.00	589.00
	6,258	22,547	1,574	2,432	3,172	1,973	1,172	851.00	1,392	2,110	3,319	4,609
	1,464	3,134	-953.00	698.00	863.00	229.00	459.00	385.00	513.00	690.00	853.00	1,812
	4,696	19,243	2,410	1,646	2,209	1,501	719.00	404.00	867.00	1,322	2,450	2,773
	19.05	67.07	8.76	6.66	8.95	6.15	2.94	1.80	3.47	5.33	9.92	11.38
Key metrics
	10,107	26,863	6,240	7,399	7,926	6,564	5,623	5,248	5,674	6,366	7,374	8,712
	21.30%	52.50%	13.60%	16.40%	18.40%	14.60%	13.60%	13.20%	13.20%	13.80%	17.60%	19.50%
	9.90%	37.60%	5.20%	3.60%	5.10%	3.30%	1.70%	1.00%	2.00%	2.90%	5.80%	6.20%
	—	12.30%	—	2.70%	—	2.30%	—	—	—	—	—	—
	9.80%	14.20%	11.10%	13.80%	0.50%	-3.10%	-1.30%	-11.00%	—	—	—	—
	112.60%	1,182.00%	235.20%	307.40%	154.80%	13.50%	-70.70%	-85.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	1,89,687	1,85,470	1,68,824	1,75,006	1,65,960	1,46,371	79,839	73,326	84,757	71,503
	1,622	1,248	694.00	1,004	1,030	1,531	592.00	546.00	204.00	167.00
	1,75,857	1,74,352	1,63,641	1,63,047	1,61,789	1,18,333	68,334	69,964	73,763	63,797
	92,660	88,836	88,324	93,590	94,456	62,337	32,623	38,865	43,476	38,779
	4,296	3,036	845.00	1,164	1,514	534.00	233.00	135.00	320.00	—
	5,273	5,285	4,798	4,591	3,915	3,493	2,506	2,839	2,489	1,843
	8,597	9,102	8,412	8,105	6,902	4,968	3,957	4,265	3,917	3,701
	9,201	9,601	9,309	8,172	7,474	6,001	4,679	4,246	4,041	—
	53,217	53,773	51,124	25,374	32,712	33,312	18,699	13,612	13,057	8,866
	15,452	12,366	5,877	12,963	5,201	29,569	12,097	3,908	11,198	7,873
	17,359	17,359	-489.00	589.00	591.00	-741.00	-83.00	-805.00	0.00	-264.00
	32,811	29,725	5,388	13,552	5,792	28,828	12,014	3,103	11,198	7,609
	4,343	3,742	1,586	4,407	1,516	8,807	4,142	906.00	3,644	1,538
	27,995	25,508	3,491	8,973	4,139	20,938	7,873	3,919	7,524	6,113
	101.54	91.43	14.36	36.34	17.25	85.96	32.91	16.78	31.77	—
Key metrics
	50,609	48,428	23,109	29,829	20,168	39,797	20,650	11,614	19,156	11,310
	26.68%	26.10%	13.70%	17.00%	12.20%	27.20%	25.90%	15.80%	22.60%	15.80%
	14.76%	13.80%	2.10%	5.10%	2.50%	14.30%	9.90%	5.30%	8.90%	8.50%
	—	19.40%	7.70%	—	—	—	—	—	—	—
	—	9.90%	-3.50%	5.50%	13.40%	83.30%	8.90%	-13.50%	18.50%	—
	—	630.70%	-61.10%	116.80%	-80.20%	165.90%	100.90%	-47.90%	23.10%	—
	—	10,498	8,205	—	—	—	—	—	—	—
	—	0.99	5.99	—	—	—	—	—	—	—
	—	0.91	1.17	—	—	—	—	—	—	—
	—	56,276	84,302	—	—	—	—	—	—	—
	—	57.8	23.4	—	—	—	—	—	—	—
Balance sheet
	—	2,69,676	2,40,742	—	—	—	—	—	—	—
	—	1,03,354	70,707	—	—	—	—	—	—	—
	—	39,256	11,655	—	—	—	—	—	—	—
	—	11,260	8,415	—	—	—	—	—	—	—
	—	32,765	34,956	—	—	—	—	—	—	—
	—	6,203	6,684	—	—	—	—	—	—	—
	—	1,09,532	1,16,814	—	—	—	—	—	—	—
	—	14,666	32,552	—	—	—	—	—	—	—
	—	69,370	60,626	—	—	—	—	—	—	—
	—	95,532	95,957	—	—	—	—	—	—	—
	—	19,924	13,974	—	—	—	—	—	—	—
	—	75,608	81,983	—	—	—	—	—	—	—
	—	1,05,475	81,666	—	—	—	—	—	—	—
Cash flow
	—	25,152	20,899	—	—	—	—	—	—	—
	—	18,602	-16,997	—	—	—	—	—	—	—
	—	-16,111	-262.00	—	—	—	—	—	—	—
	—	14,654	12,694	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	35,539	36,248	32,127	32,859	31,613	32,471	31,799	30,778	32,654	35,341	33,310	33,738
	382.00	427.00	361.00	445.00	497.00	578.00	452.00	439.00	396.00	451.00	386.00	429.00
	32,129	33,699	31,121	31,288	29,185	30,488	30,510	29,293	31,429	33,928	30,433	29,730
	20,182	17,133	17,132	18,268	15,871	15,971	16,666	16,899	16,243	19,090	19,043	16,211
	838.00	1,030	672.00	675.00	580.00	522.00	149.00	121.00	81.00	77.00	163.00	79.00
	708.00	650.00	626.00	633.00	659.00	612.00	589.00	627.00	660.00	585.00	606.00	576.00
	1,657	1,531	1,609	1,776	1,601	1,595	1,633	1,668	1,590	1,569	1,551	1,531
	1,540	1,498	1,506	1,560	1,556	1,490	1,475	1,488	1,460	1,460	1,351	1,359
	9,480	10,223	8,805	9,199	9,019	9,823	4,388	4,263	4,644	5,214	4,792	3,937
	3,792	2,976	1,367	2,016	2,925	2,561	1,741	1,924	1,621	1,864	3,263	4,437
	0.00	-139.00	-338.00	0.00	0.00	-859.00	-103.00	-342.00	—	-240.00	—	201.00
	3,792	2,837	1,029	2,016	2,925	1,702	1,638	1,582	1,621	1,624	3,263	4,638
	966.00	743.00	272.00	523.00	747.00	-345.00	352.00	283.00	416.00	617.00	847.00	1,725
	2,826	2,094	757.00	1,493	2,178	2,047	1,286	1,299	1,205	1,007	2,416	2,913
	11.58	8.58	3.10	6.12	8.93	8.39	5.27	5.33	4.95	4.13	9.92	12.02
Key metrics
	6,989	5,866	4,144	5,352	6,082	4,787	4,746	4,738	4,671	4,653	6,165	7,528
	19.70%	16.20%	12.90%	16.30%	19.20%	14.70%	14.90%	15.40%	14.30%	13.20%	18.50%	22.30%
	8.00%	5.80%	2.40%	4.50%	6.90%	6.30%	4.00%	4.20%	3.70%	2.80%	7.30%	8.60%
	—	2.80%	—	2.40%	—	2.20%	—	—	—	—	—	—
	12.40%	11.60%	1.00%	6.80%	-3.20%	-8.10%	-4.50%	-8.80%	—	—	—	—
	29.80%	2.30%	-41.10%	14.90%	80.70%	103.30%	-46.80%	-55.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	1,36,773	1,32,847	1,27,702	1,35,180	1,31,687	1,18,820	70,727	64,262	76,727	66,234
	1,615	1,730	1,865	1,704	1,572	1,929	669.00	628.00	519.00	213.00
	1,28,237	1,25,293	1,21,720	1,24,743	1,26,291	95,312	58,814	59,289	65,429	59,138
	72,715	68,404	65,779	72,337	75,321	51,457	28,743	33,073	39,589	35,995
	3,215	2,957	873.00	363.00	963.00	234.00	199.00	420.00	498.00	1,063
	2,617	2,568	2,488	2,357	1,975	1,870	1,501	1,496	1,400	1,260
	6,573	6,517	6,486	6,108	5,023	3,849	3,565	4,022	3,708	3,591
	6,104	6,120	5,913	5,435	4,952	4,511	3,781	3,522	3,397	3,054
	37,707	37,246	39,265	18,293	24,805	27,573	16,687	11,250	11,279	7,733
	10,151	9,284	7,847	12,141	6,968	25,437	12,582	5,601	11,817	7,309
	-477.00	-477.00	-1,304	-39.00	—	-722.00	-386.00	-1,309	—	-234.00
	9,674	8,807	6,543	12,102	6,968	24,715	12,196	4,292	11,817	7,075
	2,504	2,285	706.00	4,061	2,031	8,013	3,803	999.00	3,558	2,450
	7,170	6,522	5,837	8,041	4,937	16,702	8,393	5,291	8,259	4,625
	29.38	26.72	23.94	33.16	20.56	69.48	34.92	22.03	34.35	—
Key metrics
	22,351	21,444	18,942	23,645	16,943	33,075	19,542	11,836	18,922	13,720
	16.34%	16.10%	14.80%	17.50%	12.90%	27.80%	27.60%	18.40%	24.70%	20.70%
	5.24%	4.90%	4.60%	5.90%	3.70%	14.10%	11.90%	8.20%	10.80%	7.00%
	—	9.70%	8.80%	—	—	—	—	—	—	—
	—	4.00%	-5.50%	2.70%	10.80%	68.00%	10.10%	-16.20%	15.80%	—
	—	11.70%	-27.40%	62.90%	-70.40%	99.00%	58.60%	-35.90%	78.60%	—
	—	6,115	10,237	—	—	—	—	—	—	—
	—	2.32	2.89	—	—	—	—	—	—	—
	—	0.78	0.82	—	—	—	—	—	—	—
	—	60,333	55,900	—	—	—	—	—	—	—
	—	50.7	5.7	—	—	—	—	—	—	—
Balance sheet
	—	2,03,211	1,92,261	—	—	—	—	—	—	—
	—	46,918	46,344	—	—	—	—	—	—	—
	—	6,666	9,595	—	—	—	—	—	—	—
	—	7,300	5,672	—	—	—	—	—	—	—
	—	21,903	19,819	—	—	—	—	—	—	—
	—	3,999	3,726	—	—	—	—	—	—	—
	—	73,845	73,322	—	—	—	—	—	—	—
	—	10,783	23,488	—	—	—	—	—	—	—
	—	44,911	43,608	—	—	—	—	—	—	—
	—	66,999	65,495	—	—	—	—	—	—	—
	—	8,289	9,576	—	—	—	—	—	—	—
	—	58,710	55,919	—	—	—	—	—	—	—
	—	85,660	79,839	—	—	—	—	—	—	—
Cash flow
	—	15,143	16,891	—	—	—	—	—	—	—
	—	-8,786	-9,979	—	—	—	—	—	—	—
	—	-9,286	-2,270	—	—	—	—	—	—	—
	—	9,028	6,654	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +0.29%
Sales CAGR 5Y: +13.44%
Sales CAGR 10Y: —
Profit CAGR 3Y: +9.73%
Profit CAGR 5Y: -4.92%
Profit CAGR 10Y: —
Sales YoY (TTM): +7.98%
Profit YoY (TTM): +5.29%

Consolidated

Sales CAGR 3Y: +3.77%
Sales CAGR 5Y: +18.36%
Sales CAGR 10Y: —
Profit CAGR 3Y: +83.34%
Profit CAGR 5Y: +26.50%
Profit CAGR 10Y: —
Sales YoY (TTM): +12.22%
Profit YoY (TTM): +479.25%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 44.24%

Holder	Type	Holding	Previous	Change
JFE STEEL INTERNATIONAL EUROPE B.V.	Public	15.00%	—	—
JSW TECHNO PROJECTS MANAGEMENT LTD	Promoter Group	10.82%	—	—
JSW HOLDINGS LIMITED	Promoter Group	7.42%	—	—
VIVIDH FINVEST PRIVATE LIMITED	Promoter Group	5.86%	—	—
LIFE INSURANCE CORPORATION OF INDIA	Public	4.94%	—	—
SAHYOG HOLDINGS PRIVATE LIMITED	Promoter Group	4.58%	—	—
SIDDESHWARI TRADEX PRIVATE LIMITED	Promoter Group	3.46%	—	—
JTPM METAL TRADERS LIMITED	Promoter Group	3.40%	—	—
VIRTUOUS TRADECORP PRIVATE LIMITED	Promoter Group	2.47%	—	—
GAGANDEEP CREDIT CAPITAL PVT LTD	Public	2.03%	—	—
NALWA SONS INVESTMENTS LTD	Promoter Group	1.86%	—	—
JSW ENERGY LIMITED	Promoter Group	1.84%	—	—
SBI ARBITRAGE OPPORTUNITIES FUND	Public	1.68%	—	—
ENAM SECURITIES PVT LTD	Public	1.14%	—	—
SHAMYAK INVESTMENT PRIVATE LIMITED	Public	1.09%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Newspaper Publication regarding Petition Hearing Date before the Hon''ble NCLT in connection with the Scheme of Amalgamation of Piombino Steel Limited with JSW Steel Limited.12 Sep 2026 · Company Update / Newspaper Publication
Intimation of Schedule of Analayst/Institutional Investor Meetings.8 Sep 2026 · Company Update / Analyst / Investor Meet
JSW Steel Reports Consolidated Crude Steel Production of 24.65 Lakh Tonnes for August 2026.5 Sep 2026 · Company Update / Press Release / Media Release
India Ratings & Research (Ind-Ra) upgrades JSW Steel Limited and its Non-Convertible Debentures (NCD''s) to IND AA+, Outlook stable.3 Sep 2026 · Company Update / Credit Rating
Newspaper Advertisement for notice of loss of share certificate1 Sep 2026 · Company Update / Newspaper Publication
Intimation of Schedule of Analyst/Institutional Investor Meetings31 Aug 2026 · Company Update / Analyst / Investor Meet
Voting Results under Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201521 Aug 2026 · AGM/EGM / Court Convened Meeting
Proceedings of the Meeting of Equity Shareholders of the Company convened as per the directions of the Hon''ble National Company Law Tribunal, Mumbai Bench21 Aug 2026 · AGM/EGM / Court Convened Meeting
A new investor presentation unploaded on Company''s website.12 Aug 2026 · Company Update / Investor Presentation
Intimation of Schedule of analyst/Institutional Investor Meetings.11 Aug 2026 · Company Update / Analyst / Investor Meet
JSW Steel Reports Consolidated Crude Steel Production of 24.02 Lakh Tonnes for July 2026.10 Aug 2026 · Company Update / Press Release / Media Release
Change in Senior Management7 Aug 2026 · Company Update / Change in Management
Intimation of Schedule of Analysts/Institutional Investor Meeting.4 Aug 2026 · Company Update / Analyst / Investor Meet
Effectiveness of the Scheme of Amalgamation of Amba River Coke Limited and Monnet Cement Limited and JSW Retail and Distribution Limited with JSW Steel Limited and their respective shareholders.1 Aug 2026 · Company Update / General
JSW Steel Achieves Global Investment Grade Status with Moody''s Baa3 Rating.31 Jul 2026 · Company Update / Press Release / Media Release
Newspaper Advertisement - Meeting of the Equity Shareholders pursuant to the order passed by the Hon''ble National Company Law Tribunal31 Jul 2026 · Company Update / Newspaper Publication
Notice of the NCLT convened meeting is attached.30 Jul 2026 · AGM/EGM / Court Convened Meeting
ICRA Limited, vide its Release dated July 30, 2026, has upgraded JSW Steel Limited''s Long-Term Credit Rating to [ICRA]AA+; stable outlook.30 Jul 2026 · Company Update / Credit Rating
ICRA Limited, vide its Release dated July 30, 2026, has upgraded JSW Steel Limited''s Long-Term credit rating to [ICRA]AA+, stable outlook.30 Jul 2026 · Company Update / Credit Rating
Newspaper Advertisement - Meeting of the equity shareholders pursuant to the order passed by the Hon''ble National Company Law Tribunal30 Jul 2026 · Company Update / Newspaper Publication
Intimation of Newspaper Publication with respect to Special Window for Transfer and Dematerialisation of Physical Securities30 Jul 2026 · Company Update / Newspaper Publication
Voting Results under Regulation 44(3) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201528 Jul 2026 · AGM/EGM / AGM
Voting Results in terms of Regulation 44(3) of SEBI Listing Regulations27 Jul 2026 · AGM/EGM / AGM
Moody''s Rating upgrades JSW Steel to Investment grade with Baa3 issuer rating; outlook stable.27 Jul 2026 · Company Update / Credit Rating
Proceedings of the 32nd Annual General Meeting of JSW Steel Limited held on Friday, July 24, 202624 Jul 2026 · AGM/EGM / AGM
Transcripts of the Q1FY27 Earnings Conference Call conducted after the meeting of Board of Directors.23 Jul 2026 · Company Update / Analyst / Investor Meet
Newspaper Advertisement for Notice of Loss of Share Certificate21 Jul 2026 · Company Update / Newspaper Publication
Completion of tenure of Independent Director21 Jul 2026 · Company Update / Change in Directorate
Newspaper Advertisement of Financial Results for quarter ended June 30, 2026 published in Financial Express and Navshakti.18 Jul 2026 · Company Update / Newspaper Publication
Presentation to Investor/Analyst .17 Jul 2026 · Company Update / Analyst / Investor Meet
Detailed disclosure is attached.17 Jul 2026 · Company Update / General
Appointment of Statutory Auditor of the Company17 Jul 2026 · Company Update / Appointment of Statutory Auditor/s
Unaudited Standalone & Consolidated Financial Results for the quarter ended June 30, 2026.17 Jul 2026 · Result / Financial Results
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 15, 2026 for JSL Overseas Ltd16 Jul 2026 · Insider Trading / SAST / Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the Quarter ended June 30, 202614 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of schedule of Conference Call with Analyst post Q1 Financial Results.9 Jul 2026 · Company Update / Analyst / Investor Meet
JSW Steel Reports Consolidated Crude Steel Production of 6.59 Million tonnes for Q1 FY27.9 Jul 2026 · Company Update / Press Release / Media Release
Upgrade in Rating by CARE Ratings Limited (CARE Edge Ratings/CARE).8 Jul 2026 · Company Update / Credit Rating
Upgrade in credit rating by Fitch Ratings.6 Jul 2026 · Company Update / Credit Rating
JSW Steel begins work on Rayalaseema Steel Project in Andhra Pradesh.3 Jul 2026 · Company Update / Press Release / Media Release

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 7.1000	7 Jul 2026	7 Jul 2026	—
Final Dividend - Rs. - 2.8000	8 Jul 2025	8 Jul 2025	—
Final Dividend - Rs. - 7.3000	9 Jul 2024	—	—

Board meetings

17 Jul 2026 Board Meeting - Financial Results