JSW Steel Limited

Metals & Mining · Ferrous Metals

NSE: JSWSTEEL BSE: 500228

₹1253.40

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Ferrous Metals

The largest companies in the same industry by market cap. This company ranks #1 of 27. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
JSW Steel Limited (this stock)	306,513	42.7	24.2%	9.4%	—	56	21	31
Tata Steel Limited	230,071	13.5	10.5%	10.0%	—	51	87	49
JINDAL STEEL LIMITED	115,770	45.5	6.5%	6.6%	0.18%	52	38	33
Steel Authority of India Limited	74,965	17.9	5.6%	34.5%	1.29%	43	88	50
Jindal Stainless Limited	61,617	21.9	16.0%	-2.0%	0.54%	67	37	34
Sarda Energy & Minerals Limited	17,524	19.9	14.8%	-9.7%	—	66	67	15
Vedanta Iron and Steel Limited	12,631	—	—	—	—	30	—	73
NMDC Steel Limited	12,109	133.3	-7.1%	-12.7%	—	29	63	31

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹366,846 Cr

EV / EBITDA

16.4x

EV / Sales

2.68x

Market cap / Sales

2.24x

Earnings yield

2.34%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 35,921 Cr, up 11.9% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 2,826 Cr, up 29.8% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	35,539	3,792	2,826	₹11.5800
March 31, 2026	36,248	2,837	2,094	₹8.5800
Dec. 31, 2025	32,127	1,029	757	₹3.1000
Sept. 30, 2025	32,859	2,016	1,493	₹6.1200
June 30, 2025	31,613	2,925	2,178	₹8.9300
March 31, 2025	32,471	1,702	2,047	₹8.3900
Dec. 31, 2024	31,799	1,638	1,286	₹5.2700
Sept. 30, 2024	30,778	1,582	1,299	₹5.3300
June 30, 2024	32,654	1,621	1,205	₹4.9500
March 31, 2024	35,341	1,624	1,007	₹4.1300
Dec. 31, 2023	33,310	3,263	2,416	₹9.9200
Sept. 30, 2023	33,738	4,638	2,913	₹12.0200
June 30, 2023	32,791	2,577	1,705	₹7.0900

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	35,921	36,675	32,488	33,304	32,110	33,049	32,251	31,217	33,050	35,792	33,696	34,167	33,229
Operating revenue	35,539	36,248	32,127	32,859	31,613	32,471	31,799	30,778	32,654	35,341	33,310	33,738	32,791
Other income	382	427	361	445	497	578	452	439	396	451	386	429	438
Operating expenses	28,932	30,670	28,006	27,952	26,028	27,403	27,402	26,137	28,379	30,899	27,531	26,840	27,930
Operating profit	6,607	5,578	4,121	4,907	5,585	5,068	4,397	4,641	4,275	4,442	5,779	6,898	4,861
Operating profit margin	18.6%	15.4%	12.8%	14.9%	17.7%	15.6%	13.8%	15.1%	13.1%	12.6%	17.3%	20.4%	14.8%
Depreciation	1,540	1,498	1,506	1,560	1,556	1,490	1,475	1,488	1,460	1,460	1,351	1,359	1,265
Interest	1,657	1,531	1,609	1,776	1,601	1,595	1,633	1,668	1,590	1,569	1,551	1,531	1,457
Exceptional items, gain / (loss)	—	-139	-338	—	—	-859	-103	-342	—	-240	—	201	—
Profit before tax	3,792	2,837	1,029	2,016	2,925	1,702	1,638	1,582	1,621	1,624	3,263	4,638	2,577
Tax	966	743	272	523	747	-345	352	283	416	617	847	1,725	872
Net profit	2,826	2,094	757	1,493	2,178	—	1,286	1,299	1,205	1,007	2,416	2,913	1,705
EPS	11.58	8.58	3.10	6.12	8.93	8.39	5.27	5.33	4.95	4.13	9.92	12.02	7.09
Net profit (TTM)	7,170	6,522	—	—	—	—	4,797	5,927	7,541	8,041	9,872	8,690	5,686
EPS (TTM)	29.38	26.73	26.54	28.71	27.92	23.94	19.68	24.33	31.02	33.16	40.84	36.06	23.66

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	132,847	8,807	6,522
March 31, 2025	127,702	6,543	5,837
March 31, 2024	135,180	12,102	8,041
March 31, 2023	131,687	6,968	4,937

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	0.3%	13.5%	134,577^†	129,567^†	136,884^†	133,259^†	120,749^†	71,396^†	64,694^†	77,246^†	66,417^†	57,169^†
Operating revenue	0.3%	13.4%	132,847	127,702	135,180	131,687	118,820^†	70,727^†	64,063^†	76,727^†	66,204^†	56,913^†
Other income	—	—	1,730^†	1,865^†	1,704^†	1,572^†	1,929^†	669^†	631^†	519^†	213^†	255^†
Operating expenses	—	—	112,656^†	109,321^†	113,200^†	116,316^†	86,952^†	51,468^†	51,654^†	58,324^†	52,463^†	—
Operating profit	9.5%	0.9%	20,191^†	18,381^†	21,980^†	15,371^†	31,868^†	19,259^†	12,409^†	18,403^†	13,741^†	—
Operating profit margin	—	—	15.2%^†	14.4%^†	16.3%^†	11.7%^†	26.8%^†	27.2%^†	19.4%^†	24.0%^†	20.8%^†	—
Depreciation	—	—	6,120^†	5,913^†	5,435^†	4,952^†	4,511^†	3,781^†	3,502^†	3,397^†	3,054^†	—
Interest	—	—	6,517^†	6,486^†	6,108^†	5,023^†	3,849^†	3,565^†	3,980^†	3,708^†	3,591^†	3,464^†
Exceptional items, gain / (loss)	—	—	-477^†	-1,304^†	-39^†	0^†	-722^†	-386^†	-1,309^†	0^†	-234^†	0^†
Profit before tax	8.1%	-6.3%	8,807	6,543	12,102	6,968	24,715^†	12,196^†	4,249^†	11,817^†	7,075^†	5,131^†
Tax	—	—	2,285^†	706^†	4,061^†	2,031^†	8,013^†	3,803^†	-1,024^†	3,558^†	2,450^†	1,555^†
Net profit	9.7%	-4.9%	6,522	5,837	8,041	4,937	16,702^†	8,393^†	5,273^†	8,259^†	4,625^†	3,577^†
EPS	9.2%	-5.2%	26.73^†	23.94^†	33.16^†	20.55^†	69.45^†	34.90^†	21.95^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	15.2%^†	14.4%^†	16.3%^†	11.7%^†	26.8%^†	27.2%^†	19.4%^†	24.0%^†	20.8%^†	—
EBIT margin	11.5%^†	10.2%^†	13.5%^†	9.1%^†	24.0%^†	22.3%^†	12.8%^†	20.2%^†	16.1%^†	15.1%^†
PBT margin	6.6%	5.1%	9.0%	5.3%	20.8%^†	17.2%^†	6.6%^†	15.4%^†	10.7%^†	9.0%^†
Net margin	4.9%	4.6%	5.9%	3.7%	14.1%^†	11.9%^†	8.2%^†	10.8%^†	7.0%^†	6.3%^†
Interest coverage	2.35x^†	2.01x^†	2.98x^†	2.39x^†	7.42x^†	4.42x^†	2.07x^†	4.19x^†	2.97x^†	2.48x^†
Dividend payout	—	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—	—
Current ratio	1.04x	1.06x	—	—	—	—	—	—	—	—
Quick ratio	0.56x	0.61x	—	—	—	—	—	—	—	—
Debt to equity	0.78x	0.82x	—	—	—	—	—	—	—	—
Return on equity	7.6%	7.3%	—	—	—	—	—	—	—	—
Return on assets	3.2%	3.0%	—	—	—	—	—	—	—	—
Return on capital employed	9.7%^†	8.8%^†	—	—	—	—	—	—	—	—
Asset turnover	0.65x	0.66x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	15,143	-8,786	-9,286	9,028	6,115
March 31, 2025	16,891	-9,979	-2,270	6,654	10,237
March 31, 2024	5,449	-8,729	-5,435	5,244	205
March 31, 2023	20,444	-7,361	-7,085	6,266	14,178
March 31, 2022	23,335	-17,652	-9,134	7,462	15,873

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	203,211	85,660	85,355	8,289	58,710	46,918	44,911	6,666	73,845	21,903
March 31, 2025	192,261	79,839	79,534	9,576	55,919	46,344	43,608	9,595	73,322	19,819
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.