JSW Steel share price
NSE: JSWSTEELBSE: 500228Ferrous MetalsLarge Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹1,252.70.
28 Oct: open ₹1,252.70, high ₹1,256.20, low ₹1,231.00
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹3,03,530 Cr26th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 10.67
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹17,359 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 27.39
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.68
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.57%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 29.0%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹17,359 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 11.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 14.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.58
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 17,71,449
About JSW Steel
JSW Steel Limited is an integrated steelmaker in India: it mines iron ore, makes steel and processes it into finished products.1 It makes flat steel, such as hot-rolled, cold-rolled, coated and electrical steel and tinplate, and long steel, such as TMT (concrete reinforcing) bars, wire rods and alloy steel.2 Its customers are in automotive, engineering, machinery and construction, and it also has plants in the United States and Italy.34
By capacity, it describes itself as India's largest steel producer.5 Its own steelmaking capacity in India is in Karnataka, Maharashtra, Tamil Nadu and Chhattisgarh.6 A wholly owned subsidiary, JSW Steel Coated Products, makes tinplate and galvanised, galvalume and colour-coated sheets.7 In the United States it has a steelmaking plant at Mingo Junction and a plate and pipe mill at Baytown, and in Italy a rail mill and port at Piombino.89 It exports to more than 100 countries.10
It was incorporated in 1994.11 It acquired the Dolvi plant in 2010 and Bhushan Power and Steel (BPSL), an Odisha steelmaker, in March 2021 through the insolvency process (the court-led sale of a company that cannot pay its debts).1213 BPSL's steel business is now held by a joint venture (a company owned with a partner) with Japan's JFE Steel.14 JSW Steel is part of the JSW Group, and Sajjan Jindal is the company's Chairman and Managing Director.615 JFE Steel bought a 14.99% stake in the company in 2010 and still holds it.16
JSW Steel key points
Results
- In the quarter to Jun 2026, consolidated revenue was ₹47,364 crore, adjusted EBITDA ₹9,373 crore (20% margin) and profit after tax ₹4,696 crore. EBITDA is profit before interest, tax, depreciation and amortisation; adjusted EBITDA excludes unrealised currency gains and losses on long-term loans.1718
- In the year to Mar 2026, consolidated revenue rose 10% to ₹1,85,470 crore and adjusted EBITDA 39.6% to ₹32,048 crore. Net profit was ₹25,508 crore, including a one-off gain of ₹18,051 crore on moving the BPSL steel business into the JFE joint venture.1920
- Consolidated crude steel (steel before rolling) production of 30.14 million tonnes, up 8%, and sales of 29.63 million tonnes, up 12%, in the year to Mar 2026 were records; they include BPSL's steel business, moved to the JFE joint venture on 27 Mar 2026.21
- Net debt (borrowings less cash) was ₹46,157 crore at 30 Jun 2026, against ₹76,563 crore at 31 Mar 2025, or 1.46 times a year's EBITDA against 3.34. The company said the JFE deal cuts debt by about ₹37,000 crore, ₹30,000 crore by March 2026.2223
Market position
Sales mix
Plants and capacity
- Steelmaking capacity by plant, million tonnes a year286Its capacity in India was 31.9 million tonnes a year at 31 Mar 2026, or 36.4 million tonnes including joint ventures.
Item Jun 2026 Vijayanagar 19.5 Dolvi 10 Salem 1.2 Raigarh 0.95 Raipur 0.25 Ohio, United States 1.5 Sambalpur (joint venture with JFE) 4.5 - Its Indian plants ran at about 94% of capacity in the quarter to Jun 2026, against 88% a year earlier; the 94% leaves out a Vijayanagar blast furnace then shut for expansion.29
- It has 25 iron ore mines, 13 of them operating. It holds 30% of Australia's Illawarra coking coal (coal for making coke) mines and 92.19% of Mozambique's Minas de Revuboè mine, bought in March 2026.3031
Expansion and capital spending
- In its presentation of 12 Aug 2026, the company said it targets 62 million tonnes a year of steelmaking capacity in India by the year to Mar 2032, besides its joint ventures.32
- The company stated in its annual report for the year to Mar 2026 that it targets September 2027 to expand Dolvi to 15 million tonnes a year.33
- On 27 May 2026, it started work on the fully owned Paradeep plant in Odisha, planned in phases up to 13.2 million tonnes a year for an estimated investment of about ₹65,000 crore.34
What the company expects
- In its presentation of 12 Aug 2026, the company said it expects consolidated production of 29.75 million tonnes and sales of 28.6 million tonnes in the year to Mar 2027, including 0.75 and 0.70 million tonnes from BMM Ispat, excluding the JFE joint venture.35
- On its earnings call of 17 Jul 2026, the company said it spent ₹4,900 crore on capital projects in the quarter to Jun 2026 and expects to spend ₹22,000 crore to ₹24,000 crore in the year to Mar 2027.36
- The company stated in its annual report for the year to Mar 2026 that it expects captive sources to supply about 50% of iron ore, against about 33%, and own mines and supply contracts about 50% of coking coal, by the year to Mar 2031.37
Recent events
- On 16 Oct 2026, the National Company Law Tribunal (a company law court) approved merging Piombino Steel, the subsidiary holding its JFE joint venture stake, into the company; it takes effect once the order is filed with the Registrar of Companies.3814
- The JFE joint venture bought the BPSL steel business for ₹29,475 crore on 27 Mar 2026; on 30 Jun 2026, JFE paid ₹7,875 crore for a further 25% of the venture, taking its stake to 50% and completing the deal.3940
- On 20 Apr 2026, the company signed an agreement with South Korea's POSCO Group for a 50:50 joint venture to build a 6 million tonne a year steel plant in Odisha; its annual report of 2 Jul 2026 said this was subject to regulatory approvals.41
Litigation and regulatory matters
Last updated
All 43 sources, each with its page
- 1. Annual report, 2 Jul 2026, page 128
- 2. Annual report, 2 Jul 2026, page 17
- 3. Annual report, 2 Jul 2026, page 166
- 4. Investor presentation, 12 Aug 2026, page 17
- 5. Annual report, 2 Jul 2026, page 128
- 6. Exchange filing, 31 Jul 2026, page 3
- 7. Annual report, 2 Jul 2026, page 187
- 8. Annual report, 2 Jul 2026, page 153
- 9. Annual report, 2 Jul 2026, page 154
- 10. Annual report, 2 Jul 2026, page 129
- 11. Annual report, 2 Jul 2026, page 165
- 12. Annual report, 2 Jul 2026, page 145
- 13. Annual report, 2 Jul 2026, page 149
- 14. Annual report, 2 Jul 2026, page 360
- 15. Annual report, 2 Jul 2026, page 11
- 16. Investor presentation, 12 Aug 2026, page 55
- 17. Earnings call, 17 Jul 2026, page 4
- 18. Annual report, 2 Jul 2026, page 186
- 19. Annual report, 2 Jul 2026, page 186
- 20. Annual report, 2 Jul 2026, page 157
- 21. Annual report, 2 Jul 2026, page 155
- 22. Exchange filing, 31 Jul 2026, page 2
- 23. Annual report, 2 Jul 2026, page 12
- 24. Annual report, 2 Jul 2026, page 140
- 25. Annual report, 2 Jul 2026, page 141
- 26. Annual report, 2 Jul 2026, page 186
- 27. Earnings call, 17 Jul 2026, page 3
- 28. Investor presentation, 12 Aug 2026, page 19
- 29. Earnings call, 17 Jul 2026, page 3
- 30. Investor presentation, 12 Aug 2026, page 31
- 31. Annual report, 2 Jul 2026, page 189
- 32. Investor presentation, 12 Aug 2026, page 26
- 33. Annual report, 2 Jul 2026, page 38
- 34. Exchange filing, 27 May 2026, page 2
- 35. Investor presentation, 12 Aug 2026, page 57
- 36. Earnings call, 17 Jul 2026, page 4
- 37. Annual report, 2 Jul 2026, page 12
- 38. Exchange filing, 17 Oct 2026, page 1
- 39. Annual report, 2 Jul 2026, page 157
- 40. Exchange filing, 30 Jun 2026, page 1
- 41. Annual report, 2 Jul 2026, page 189
- 42. Exchange filing, 18 Oct 2026, page 1
- 43. Exchange filing, 18 Oct 2026, page 2
Results
Consolidated; ₹ crore.JSW Steel quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +14.1%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +371.9%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹54,486 Crup 15.04%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹5,359 Crup 14.12%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 9.8%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 41,378 | 44,819 | 43,147 | 45,152 | 45,991 | 51,180 | 47,364 | 54,486 |
| Net profit | 719 | 1,501 | 2,209 | 1,646 | 2,410 | 19,243 | 4,696 | 5,359 |
| Net margin | 1.7% | 3.3% | 5.1% | 3.6% | 5.2% | 37.6% | 9.9% | 9.8% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,85,470 Crup 9.86%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹25,508 Crup 630.68%
- Net margin
- 13.8%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 60,536 | 71,503 | 84,757 | 73,326 | 79,839 | 1,46,371 | 1,65,960 | 1,75,006 | 1,68,824 | 1,85,470 |
| Net profit | 3,467 | 6,113 | 7,524 | 3,919 | 7,873 | 20,938 | 4,139 | 8,973 | 3,491 | 25,508 |
| Net margin | 5.7% | 8.5% | 8.9% | 5.3% | 9.9% | 14.3% | 2.5% | 5.1% | 2.1% | 13.8% |
Business segments
In the year to Mar 2026 the company reports one business segment, Manufacturing of steel, which carries all its revenue.
Valuation
Today, against the company's own history.JSW Steel PE ratio and valuation
At or below today's level on 63% of 2,275 trading days since May 2017.
At or below today's level on 44% of 1,984 trading days since Oct 2018.
At or below today's level on 35% of 2,455 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +6.2% | +536.7% | −83.4% | 0.6% |
| 3 years | +18.3% | +74.4% | −32.5% | 0.6% |
| 5 years | +20.0% | +22.7% | −2.9% | 0.9% |
Mutual fund holdings
304 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 152 of the 187 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 304 funds holding JSW Steel
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 125
- CutCut. Funds that held fewer shares than at the end of the month before.
- 62
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 115
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 3
| Fund | |||
|---|---|---|---|
| 1,86,72,530 | 1.15% | ₹2,340.4 Cr | |
| 1,25,67,750 | 1.45% | ₹1,575.2 Cr | |
| 64,03,657 | 1.15% | ₹802.6 Cr | |
| 59,94,422 | 1.15% | ₹751.3 Cr | |
| 58,27,950 | 1.58% | ₹730.5 Cr | |
| 47,10,825 | 2.32% | ₹590.5 Cr | |
| 44,69,175 | 0.74% | ₹560.2 Cr | |
| 39,30,467 | 1.15% | ₹492.6 Cr | |
| 31,00,000 | 0.74% | ₹388.6 Cr | |
| 30,00,000 | 1.62% | ₹376.0 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.JSW Steel insider trading
- Others7 purchases, 249 sales₹282 Cr₹59 CrNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.₹223 Cr10 pledge filings of unclear kind · 123 off-market moves
- Promoters and promoter group: no market trade · 72 pledge filings of unclear kind
JSW Steel competitors and peers
Iron & Steel, 15 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to JSW Steel in market cap.Metal stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2,11,309 | 19.15 | 2.07 | +10.5% | +143.1% | 11.4% | 11.9% | 2.36% | |
| 1,06,915 | 37.46 | 2.04 | +25.5% | +4.1% | 5.6% | 8.3% | 0.19% | |
| 66,915 | 11.94 | 1.07 | +9.4% | +119.2% | 9.3% | 10.6% | 1.45% | |
| 56,238 | 16.86 | 2.65 | +11.7% | +20.6% | 17.0% | 16.0% | 0.59% | |
| 16,040 | 14.20 | 2.18 | +5.9% | +20.8% | 16.5% | 14.6% | 0.44% | |
| 11,479 | 137.20 | 0.87 | +41.6% | – | 0.6% | 2.7% | 0.00% | |
| 10,386 | – | 1.78 | – | – | – | – | 0.00% | |
| 8,256 | 11.51 | 2.54 | +45.2% | +45.7% | 24.5% | 24.4% | 0.29% |
Dividends
Per share, by the year it was paid for, and the latest payments.JSW Steel dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 7 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹7.10 |
| 8 Jul 2025 | Final | ₹2.80 |
| 9 Jul 2024 | Final | ₹7.30 |
| 11 Jul 2023 | Final | ₹3.40 |
| 4 Jul 2022 | Final | ₹17.35 |
| 5 Jul 2021 | Final | ₹6.50 |
Latest announcements
Routine notices left out.JSW Steel announcements
Oct 2026
23 Oct · Board meeting
23 Oct · Results
9 Oct · Analysts
JSW Steel share price by year
Each calendar year to 2025.JSW Steel share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,164.80 | +29.2% | 1,210.00 | 883.75 |
| 2024 | 901.50 | +2.4% | 1,039.10 | 780.65 |
| 2023 | 880.25 | +14.6% | 880.80 | 657.80 |
| 2022 | 768.05 | +17.1% | 769.40 | 528.45 |
| 2021 | 655.95 | +69.4% | 763.25 | 366.85 |
| 2020 | 387.20 | +43.4% | 387.20 | 140.70 |
| 2019 | 270.05 | −12.0% | 308.85 | 205.75 |
| 2018 | 306.75 | +13.7% | 417.05 | 264.55 |
| 2017 | 269.80 | +65.8% | 271.30 | 163.05 |
| 2016 | 162.75 | +57.7% | 186.26 | 97.25 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 1,237.70 | 1,266.50 | 1,227.70 | 1,252.70 | 1,252.50 | 26,19,986 | 48.3% |
| 26 Oct 2026 | 1,195.50 | 1,260.00 | 1,186.70 | 1,260.00 | 1,228.83 | 30,96,405 | 47.9% |
| 23 Oct 2026 | 1,220.00 | 1,223.70 | 1,181.90 | 1,185.50 | 1,196.95 | 22,78,716 | 49.2% |
| 22 Oct 2026 | 1,222.00 | 1,227.80 | 1,200.30 | 1,220.00 | 1,215.55 | 13,33,179 | 49.0% |
| 21 Oct 2026 | 1,245.00 | 1,260.90 | 1,216.10 | 1,222.90 | 1,237.36 | 12,51,287 | 43.0% |
| 19 Oct 2026 | 1,216.30 | 1,247.20 | 1,211.30 | 1,241.30 | 1,236.21 | 33,20,243 | 55.6% |
| 16 Oct 2026 | 1,206.00 | 1,230.80 | 1,194.10 | 1,216.30 | 1,221.57 | 26,10,240 | 56.0% |
| 15 Oct 2026 | 1,176.00 | 1,209.20 | 1,168.90 | 1,200.40 | 1,196.54 | 15,47,603 | 43.4% |
| 14 Oct 2026 | 1,176.00 | 1,184.40 | 1,158.00 | 1,176.20 | 1,172.30 | 29,49,881 | 56.2% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 4 Jan 2017 | Split | 0.1000 | Each share became 10. |
| 31 Oct 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
Company details
- NSE symbol
- JSWSTEEL
- BSE code
- 500228
- ISIN
- INE019A01038
- Industry
- Ferrous Metals
- Former symbols
- JSWSTL
- Website
- www.jsw.in
- CIN
- L27102MH1994PLC152925
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1994
- Registered office
- JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments