Amalgamation/Merger1 Nov 2026 · 02:05
JSW Steel Limited has informed the Exchange about the Effectiveness of the Scheme of Amalgamation of Piombino Steel Limited with JSW Steel Limited and their respective shareholders
Markets / Nifty 50 / Metals & Mining
Price
Daily closing prices, adjusted for bonuses and splits
Returns against the Nifty 50
| Return | 1W | 1M | 3M | 6M | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|---|---|
| JSWSTEEL | +8.2% | +8.7% | +1.0% | +5.5% | +13.7% | +80.0% | +97.9% |
| Nifty 50 | +5.6% | +6.2% | −2.7% | −1.5% | −6.4% | +24.6% | +33.7% |
Price returns, without dividends. Source: NSE end-of-day data.
Check-up
Where JSWSTEEL sits against the Nifty 50 and its industry. Facts, not advice.
Price return
+13.68%
Over 1 year. The Nifty 50 returned −6.40%, so JSWSTEEL beat it by 20.1 percentage points.
Valuation (PE)
11.5
Price is 11.5 times the last four quarters' earnings per share, lower than the Nifty 50's PE of 19.8 and the 3 industry peers' median of 20.4.
Growth
+20.7%
Revenue in Q2 FY27 compared with the same quarter a year earlier. Net profit changed +225.3%.
Profitability (ROE)
25.1%
Profit over the last four quarters as a share of shareholders' equity. Net margin is 14.3%.
Debt
0.58×
Borrowings are 0.58 times shareholders' equity (latest balance sheet, 30 Sep 2026).
Volatility
1.86×
Daily price moves over the last year were 1.86 times as large as the Nifty 50's (annualised volatility 25.7%).
What the latest numbers show
Calculated by stockER from the company's filings and NSE data.
Positives 8
- Revenue up 20.7% from a year ago₹54,486 cr in Q2 FY27, against ₹45,152 cr in Q2 FY26.
- Net profit up 225.6% from a year ago₹5,359 cr in Q2 FY27, against ₹1,646 cr in Q2 FY26.
- Net margin widened to 9.8%From 3.6% in Q2 FY26.
- Borrowings fell 32.6% in a year₹66,251 cr on 30 Sep 2026, against ₹98,230 cr a year earlier.
- Operating cash flow of ₹25,152 crCash generated by the business in the year to 31 Mar 2026.
- Foreign institutional holding up 0.68 points in a year26.23% on 30 Sep 2026, from 25.55%.
- Mutual fund holding up 1.20 points in a year5.89% on 30 Sep 2026, from 4.69%.
- Trading near its 52-week highClosed at ₹1,343.00, within 3% of the high of ₹1,351.00 on 27 Aug 2026.
Watch points 1
- Promoter holding down 1.02 points in a year44.30% on 30 Sep 2026, from 45.32%.
Financials
Consolidated results as filed with NSE. ₹ crore unless stated.
Revenue
Net profit
EPS (₹)
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 41,378 | 44,819 | 43,147 | 45,152 | 45,991 | 51,180 | 47,364 | 54,486 |
| Other income | 147 | 230 | 350 | 284 | 273 | 341 | 724 | 441 |
| Total expenses | 40,250 | 43,032 | 40,325 | 43,004 | 44,161 | 46,862 | 41,830 | 48,168 |
| EBITDA | 5,623 | 6,564 | 7,926 | 7,399 | 6,240 | 26,863 | 10,107 | 10,561 |
| Depreciation | 2,336 | 2,497 | 2,537 | 2,554 | 2,362 | 2,148 | 2,137 | 2,200 |
| Finance cost | 2,115 | 2,094 | 2,217 | 2,413 | 2,304 | 2,168 | 1,712 | 1,602 |
| PBIT | 3,287 | 4,067 | 5,389 | 4,845 | 3,878 | 24,715 | 7,970 | 8,361 |
| Profit before tax | 1,172 | 1,973 | 3,172 | 2,432 | 1,574 | 22,547 | 6,258 | 6,759 |
| Tax | 459 | 229 | 863 | 698 | −953 | 3,134 | 1,464 | 1,692 |
| Net profit | 719 | 1,501 | 2,209 | 1,646 | 2,410 | 19,243 | 4,696 | 5,359 |
| EPS (₹) | 2.94 | 6.15 | 8.95 | 6.66 | 8.76 | 67.07 | 19.05 | 21.63 |
| ₹ crore | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue from operations | 1,75,006 | 1,68,824 | 1,85,470 |
| Other income | 1,004 | 694 | 1,248 |
| Total expenses | 1,63,047 | 1,63,641 | 1,74,352 |
| EBITDA | 29,829 | 23,109 | 48,428 |
| Depreciation | 8,172 | 9,309 | 9,601 |
| Finance cost | 8,105 | 8,412 | 9,102 |
| PBIT | 21,657 | 13,800 | 38,827 |
| Profit before tax | 13,552 | 5,388 | 29,725 |
| Tax | 4,407 | 1,586 | 3,742 |
| Net profit | 8,973 | 3,491 | 25,508 |
| ₹ crore | MAR 2024 | SEP 2024 | MAR 2025 | SEP 2025 | MAR 2026 | SEP 2026 |
|---|---|---|---|---|---|---|
| Total assets | 2,28,198 | 2,33,168 | 2,40,742 | 2,50,435 | 2,69,676 | 2,52,634 |
| Current assets | 64,533 | 62,604 | 70,707 | 77,291 | 1,03,354 | 77,648 |
| Inventories | 37,815 | 37,240 | 34,956 | 39,676 | 32,765 | 36,056 |
| Cash and equivalents | 8,030 | 5,992 | 11,655 | 10,093 | 39,256 | 6,658 |
| Total liabilities | 1,48,422 | 1,51,408 | 1,59,076 | 1,65,285 | 1,64,201 | 1,39,159 |
| Current liabilities | 66,065 | 58,717 | 60,626 | 70,763 | 69,370 | 68,143 |
| Borrowings | 85,575 | 92,355 | 95,957 | 98,230 | 95,532 | 66,251 |
| Shareholders' equity | 79,776 | 81,760 | 81,666 | 85,150 | 1,05,475 | 1,13,475 |
| Equity attributable to owners | 77,669 | 79,666 | 79,496 | 82,933 | 1,00,053 | 1,13,306 |
Balance sheets are filed every half year (September and March).
| ₹ crore | 6M to SEP 2022 | 12M to MAR 2025 | 6M to SEP 2025 | 12M to MAR 2026 | 6M to SEP 2026 |
|---|---|---|---|---|---|
| From operations | 6,122 | 20,899 | 11,992 | 25,152 | 17,672 |
| From investing | −1,480 | −16,997 | −7,937 | 18,602 | −14,678 |
| From financing | −4,651 | −262 | −5,598 | −16,111 | −35,379 |
| Capital expenditure | 5,634 | 12,694 | 6,835 | 14,654 | 10,604 |
| Free cash flow | 488 | 8,205 | 5,157 | 10,498 | 7,068 |
Cash flow statements are filed every half year; figures are for the period shown.
EBITDA here is profit before tax plus finance cost and depreciation. Annual figures add up the four quarters of each financial year. Source: company filings on NSE (XBRL).
Peers
Metals & Mining companies in the Nifty 50.
| Company | Price | Market cap | PE | PB | ROE | Div. yield | 1Y return |
|---|---|---|---|---|---|---|---|
| JSW Steel Ltd.JSWSTEEL | ₹1,343.00 | ₹3.28 lakh cr | 11.5 | 2.90 | 25.1% | 0.53% | +13.7% |
| Adani Enterprises Ltd.ADANIENT | ₹2,709.20 | ₹3.67 lakh cr | 63.9 | 3.74 | 5.9% | 0.05% | +12.0% |
| Tata Steel Ltd.TATASTEEL | ₹179.93 | ₹2.25 lakh cr | 20.4 | 2.20 | 10.8% | 2.22% | +0.4% |
| Hindalco Industries Ltd.HINDALCO | ₹935.80 | ₹2.10 lakh cr | 12.8 | 1.54 | 12.0% | 0.53% | +12.6% |
Price comparison
Change in price from the start of the period
JSWSTEELNifty 50ADANIENTTATASTEEL
Events
Dividends, bonuses and splits from NSE's corporate actions.
Dividend paid in 5 of the last 5 calendar years (2022–2026)Over the last 12 months: ₹7.10 per share (adjusted for bonuses and splits), a yield of 0.53% at today's price.
Past dividends
Dividend
Dividend - Rs 7.10 Per SharePer share
₹7.10Ex-date
7 Jul 2026
Dividend - Rs 7.10 Per SharePer share
₹7.10Ex-date
7 Jul 2026
Dividend
Dividend - Rs 2.80 Per SharePer share
₹2.80Ex-date
8 Jul 2025
Dividend - Rs 2.80 Per SharePer share
₹2.80Ex-date
8 Jul 2025
Dividend
Annual General Meeting/Dividend - Rs 7.30 Per SharePer share
₹7.30Ex-date
9 Jul 2024
Annual General Meeting/Dividend - Rs 7.30 Per SharePer share
₹7.30Ex-date
9 Jul 2024
Dividend
Annual General Meeting/Dividend - Rs 3.40 Per SharePer share
₹3.40Ex-date
11 Jul 2023
Annual General Meeting/Dividend - Rs 3.40 Per SharePer share
₹3.40Ex-date
11 Jul 2023
Dividend
Annual General Meeting/Dividend - Rs 17.35 Per SharePer share
₹17.35Ex-date
4 Jul 2022
Annual General Meeting/Dividend - Rs 17.35 Per SharePer share
₹17.35Ex-date
4 Jul 2022
Dividend
Annual General Meeting/Dividend - Rs 6.50 Per SharePer share
₹6.50Ex-date
5 Jul 2021
Annual General Meeting/Dividend - Rs 6.50 Per SharePer share
₹6.50Ex-date
5 Jul 2021
Dividend
Dividend - Rs 2 Per SharePer share
₹2.00Ex-date
6 Jul 2020
Dividend - Rs 2 Per SharePer share
₹2.00Ex-date
6 Jul 2020
Dividend
Annual General Meeting/Dividend Rs 4.10 Per SharePer share
₹4.10Ex-date
8 Jul 2019
Annual General Meeting/Dividend Rs 4.10 Per SharePer share
₹4.10Ex-date
8 Jul 2019
Bonuses, splits and other actions
Fv Splt Frm Rs 10 To Re 1Ex-date
4 Jan 2017
4 Jan 2017
Agm/Div-Re.1/- Per ShareEx-date
29 Jun 2009
29 Jun 2009
Filings and updates
The company's own announcements to NSE: results, dividends, presentations and board decisions.
Annual report 2025–26Open (PDF / ZIP)
Annual report 2024–25Open (PDF / ZIP)
Annual report 2023–24Open (PDF / ZIP)
Annual report 2022–23Open (PDF / ZIP)
Annual report 2021–22Open (PDF / ZIP)
Analysts/Institutional Investor Meet/Con. Call Updates29 Oct 2026 · 17:19
JSW Steel Limited has informed the Exchange about Transcript and Link of Recording
Analysts/Institutional Investor Meet/Con. Call Updates23 Oct 2026 · 15:31
JSW Steel Limited has informed the Exchange about Presentation
Outcome of Board Meeting23 Oct 2026 · 14:55
JSW Steel Limited has informed the Exchange regarding Outcome of Board Meeting held on October 23, 2026.
Outcome of Board Meeting23 Oct 2026 · 14:53
JSW Steel Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.
Amalgamation/Merger17 Oct 2026 · 11:00
JSW Steel Limited has informed the Exchange about Order ofHon ble National Company Law Tribunal sanctioning the Scheme of Amalgamation of Piombino Steel Limited with JSW Steel Limited and theirrespective shareholders under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013
Analysts/Institutional Investor Meet/Con. Call Updates9 Oct 2026 · 22:36
JSW Steel Limited has informed the Exchange about Schedule of meet
Press Release8 Oct 2026 · 16:04
JSW Steel Limited has informed the Exchange regarding a press release dated October 08, 2026, titled "JSW Steel reports Consolidated Crude Steel Production of 7.27 million Tonnes for Q2 FY27".
Press Release5 Sep 2026 · 09:22
JSW Steel Limited has informed the Exchange regarding a press release dated September 05, 2026, titled "JSW Steel reports Consolidated Crude Steel Production of 24.65 Lakh Tonnes for August 26".
Credit Rating3 Sep 2026 · 09:17
JSW Steel Limited has informed the Exchange about Credit Rating
Shareholders meeting21 Aug 2026 · 19:45
JSW Steel Limited has submitted the Exchange a copy Srutinizers report of Court Convened General Meeting held on August 21, 2026. Further, the company has informed the Exchange regarding voting results.
Investor Presentation12 Aug 2026 · 13:11
JSW Steel Limited has informed the Exchange about Investor Presentation
Frequently asked questions
What is the share price of JSW Steel Ltd. (JSWSTEEL)?
JSWSTEEL closed at ₹1,343.00 on NSE on 4 Nov 2026, +1.74% on the day. stockER shows end-of-day prices, updated after the market closes.
What is the market cap of JSWSTEEL?
₹3.28 lakh cr, based on 244.55 crore shares and the latest closing price. That makes it #23 by size in the Nifty 50.
What are the PE and PB ratios of JSWSTEEL?
PE 11.55 on earnings per share of ₹116.29 over the last four quarters; PB 2.90 on the latest reported equity.
What is the 52-week high and low of JSWSTEEL?
High ₹1,351.00 on 27 Aug 2026, low ₹1,073.20 on 18 Dec 2025 (adjusted for bonuses and splits).
What is the dividend yield of JSWSTEEL?
0.53%: dividends of ₹7.10 per share with ex-dates in the last 12 months, divided by the latest price.
What return has JSWSTEEL given?
1 year +13.7%, 3 years +80.0%, 5 years +97.9% (price only, dividends not included).
Which sector is JSWSTEEL in?
NSE classifies JSW Steel Ltd. under Metals & Mining. Other Nifty 50 companies in it: ADANIENT, HINDALCO, TATASTEEL.
Who owns JSWSTEEL?
On 30 Sep 2026, promoters held 44.30% and the public 55.56%.
How can I buy JSWSTEEL shares?
Through a SEBI-registered stockbroker with a demat and trading account. stockER is an information site only: it doesn't sell shares or recommend buying or selling any of them.