JSW Steel shareholders and shareholding pattern

NSE: JSWSTEELBSE: 500228Ferrous MetalsLarge Cap

JSW Steel Limited · Formerly Jindal Vijayanagar Steel · Face value ₹1 · Listed May 1995 on BSE, Mar 2005 on NSE

₹1,252.70₹7.30 (0.58%)BSE ₹1,247.05

Share price at the NSE close on 27 Oct 2026. Previous close ₹1,260.00.

27 Oct: open ₹1,237.70, high ₹1,266.50, low ₹1,227.70

52-week range of traded prices to 27 Oct 2026

₹1,073.20Low, 18 Dec 2025₹1,351.00High, 27 Aug 2026

Market cap: ₹3,06,342 Cr26th largest listed
P/E: 10.77
P/E without one-offs: 27.65
P/B: 2.70
Dividend yield: 0.57%
ROE: 29.0%
ROE without one-offs: 11.3%
ROCE: 14.3%
Debt to equity: 0.58
Volume, NSE: 26,19,98648.3% delivered

JSW Steel's shareholding pattern for Sep 2026, filed on 21 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns JSW Steel, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters44.30%
Foreign institutions26.23%
Indian institutions11.34%
Governments0.51%
Individuals and others17.49%
Employee trusts0.15%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others
Employee trusts

Per cent	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	41.56%	41.62%	41.62%	41.62%	41.68%	41.75%	41.75%	42.32%	42.55%	42.66%	42.27%	42.40%	42.33%	42.71%	43.07%	44.07%	44.07%	44.07%	44.07%	44.09%	44.71%	45.01%	45.02%	45.19%	45.19%	45.40%	45.40%	44.80%	44.81%	44.81%	44.81%	44.84%	44.85%	44.84%	45.31%	45.32%	45.32%	45.32%	44.29%	44.30%
Indian promoters	39.19%	39.55%	39.55%	39.55%	39.61%	39.68%	39.68%	40.25%	40.48%	40.59%	40.59%	40.71%	40.76%	41.14%	41.50%	42.50%	42.50%	42.50%	42.50%	42.52%	43.14%	43.44%	43.44%	43.62%	43.62%	43.84%	43.84%	43.25%	43.26%	43.26%	43.26%	43.29%	43.30%	43.29%	43.76%	43.77%	43.77%	43.77%	42.75%	42.75%
Foreign promoters	2.36%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	2.07%	1.68%	1.68%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.57%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%
	57.83%	57.79%	57.75%	57.93%	57.89%	57.80%	57.76%	57.12%	56.81%	56.70%	57.10%	57.05%	57.05%	56.67%	56.33%	55.38%	55.43%	55.45%	55.52%	55.54%	54.96%	54.68%	54.33%	54.20%	54.24%	54.06%	54.09%	54.77%	54.79%	54.83%	54.86%	54.92%	54.93%	54.96%	54.45%	54.56%	54.49%	54.49%	55.52%	55.56%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10.75%	26.04%	26.01%	25.99%	26.13%	26.33%	26.06%	25.52%	25.66%	25.59%	25.78%	25.43%	25.55%	25.38%	25.38%	25.92%	26.23%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10.75%	8.65%	8.76%	8.76%	9.02%	9.19%	9.06%	8.66%	8.93%	8.98%	9.18%	8.86%	9.05%	8.90%	8.93%	9.44%	9.81%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	2.39%	2.25%	2.22%	2.10%	2.13%	1.99%	1.85%	1.72%	1.60%	1.59%	1.55%	1.50%	1.47%	1.44%	1.47%	1.41%
Foreign direct investment	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%
Overseas depositories	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
BANKS	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	–	–	–	–
Foreign institutional investors	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Foreign bank	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9.24%	9.34%	9.48%	9.60%	9.51%	9.48%	9.82%	10.53%	10.54%	10.59%	10.52%	10.92%	10.87%	11.05%	11.15%	11.49%	11.34%
Mutual funds	1.37%	1.07%	1.82%	2.44%	2.55%	2.42%	2.55%	1.54%	2.21%	1.96%	2.31%	2.52%	2.18%	2.07%	2.34%	2.42%	2.25%	2.29%	2.39%	2.60%	2.40%	1.83%	2.27%	1.77%	1.73%	1.77%	2.20%	2.54%	2.85%	3.19%	3.58%	3.57%	3.65%	3.54%	4.25%	4.69%	5.09%	5.33%	5.89%	5.89%
Insurance companies	–	0.00%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	7.43%	7.58%	7.67%	7.38%	6.93%	6.61%	6.59%	6.86%	6.91%	6.85%	6.90%	6.63%	6.13%	5.86%	5.71%	5.46%	5.23%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.03%	0.02%	0.01%	0.06%	0.05%	0.09%	0.06%	0.02%	0.03%	0.06%	0.07%	0.05%	0.11%
Provident and pension funds	–	0.00%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.04%	0.02%	0.02%	0.01%	Under 0.01%	Under 0.01%	0.02%	0.02%	Under 0.01%	Under 0.01%	0.01%	0.02%	0.02%	0.04%	0.04%	0.08%	0.08%
Alternative investment funds	–	0.00%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	Under 0.01%	0.01%	0.01%	0.01%	0.03%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	0.51%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	33.70%	18.35%	18.07%	17.99%	18.62%	18.47%	18.44%	18.30%	18.21%	18.24%	18.16%	17.60%	17.63%	17.55%	17.45%	17.61%	17.49%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.94%	3.70%	3.68%	3.61%	3.77%	3.63%	3.71%	3.55%	3.50%	3.49%	3.44%	3.40%	3.43%	3.44%	3.42%	3.44%	3.47%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.81%	3.75%	3.65%	3.65%	3.63%	3.59%	3.60%	3.59%	3.64%	3.68%	3.67%	3.64%	3.65%	3.68%	3.71%	3.71%	3.60%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8.28%	8.27%	8.10%	8.11%	8.38%	8.39%	8.25%	8.29%	8.17%	8.16%	8.13%	7.67%	7.66%	7.55%	7.35%	7.47%	7.42%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.25%	1.18%	1.18%	1.18%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.15%	1.15%	1.15%	1.15%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	15.00%	Under 0.01%	Under 0.01%	Under 0.01%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%	0.26%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.63%	0.69%	0.69%	0.69%	0.68%	0.67%	0.67%	0.68%	0.72%	0.72%	0.74%	0.73%	0.73%	0.73%	0.73%	0.74%	0.74%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.78%	0.75%	0.75%	0.74%	0.75%	0.76%	0.78%	0.76%	0.76%	0.76%	0.75%	0.72%	0.72%	0.73%	0.83%	0.83%	0.84%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	0.02%	0.02%	0.04%	0.04%	0.04%	0.04%	0.04%	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.74%	0.73%	0.73%	0.72%	0.72%	0.72%	0.72%	0.72%	0.72%	0.72%	–	0.72%	0.72%	0.72%	0.72%	0.72%	0.73%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	Under 0.01%	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	–
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.11%	0.11%	0.11%
Societies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Employee trusts	0.61%	0.59%	0.63%	0.45%	0.43%	0.45%	0.49%	0.56%	0.64%	0.64%	0.63%	0.55%	0.62%	0.61%	0.61%	0.54%	0.50%	0.47%	0.41%	0.37%	0.33%	0.31%	0.65%	0.60%	0.57%	0.53%	0.51%	0.43%	0.41%	0.37%	0.34%	0.24%	0.23%	0.20%	0.24%	0.12%	0.20%	0.19%	0.18%	0.15%
Promoter shares pledgedShare of the promoters' own shares	45.87%	45.03%	44.95%	39.65%	47.76%	44.29%	41.07%	38.63%	43.60%	46.27%	49.13%	50.16%	32.52%	39.79%	35.93%	26.28%	22.10%	17.67%	14.75%	13.82%	17.81%	15.83%	16.79%	15.21%	17.57%	16.35%	15.03%	14.12%	14.80%	15.24%	15.16%	14.34%	14.07%	13.36%	12.41%	12.47%	11.70%	11.81%	11.60%	12.25%
Shares in issue	24,17,22,044	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,41,72,20,440	2,44,54,53,966	2,44,54,53,966	2,44,54,53,966	2,44,54,53,966	2,44,54,53,966	2,44,54,53,966	2,44,54,53,966	2,44,54,53,966	2,44,54,53,966	2,44,54,53,966	2,44,54,53,966	2,44,54,53,966	2,44,54,53,966

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of JSW Steel shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
All shareholders	7,01,839	7,12,410	7,06,070	6,91,688	6,02,316	5,98,406	5,90,053	5,81,063	5,89,662	5,90,514	5,90,817	6,03,096	5,87,404	6,01,150	6,37,086	5,83,979	5,67,813	5,63,121	6,57,663	6,86,724	6,79,906	6,59,879	6,94,916	6,67,173	6,08,448	6,05,019	5,86,997	6,63,179	6,41,582	6,71,779	6,35,680	6,32,249	6,35,890	6,21,932	6,17,339	6,10,303	6,05,301	6,03,274	6,10,616	6,20,717
	43	39	39	45	44	45	45	45	45	46	46	46	46	48	48	48	48	45	45	45	46	47	47	47	46	46	46	46	47	47	47	47	46	46	46	52	52	52	52	52
Indian promoters	35	34	34	40	39	40	40	40	40	41	41	40	40	41	41	41	41	38	38	38	39	40	40	40	40	40	40	40	41	41	41	41	40	40	40	46	46	46	46	46
Foreign promoters	8	5	5	5	5	5	5	5	5	5	5	6	6	7	7	7	7	7	7	7	7	7	7	7	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6
	7,01,793	7,12,368	7,06,028	6,91,640	6,02,271	5,98,360	5,90,007	5,81,017	5,89,616	5,90,467	5,90,770	6,03,049	5,87,357	6,01,101	6,37,037	5,83,930	5,67,764	5,63,075	6,57,617	6,86,678	6,79,859	6,59,831	6,94,868	6,67,125	6,08,401	6,04,972	5,86,950	6,63,132	6,41,534	6,71,731	6,35,632	6,32,201	6,35,843	6,21,885	6,17,292	6,10,250	6,05,248	6,03,221	6,10,563	6,20,664
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	509	517	545	533	566	557	547	557	534	537	576	572	568	584	594	603	665
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	494	469	498	487	519	509	500	507	483	488	522	529	522	534	547	559	623
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	33	32	32	32	33	32	36	37	35	40	36	39	41	38	35	33
Foreign direct investment	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Overseas depositories	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	2	2	2	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	15	14	14	13	14	14	14	13	13	13	13	6	6	6	6	6	6
BANKS	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	–	–	–	–
Foreign institutional investors	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	5	5	5	5	5
Foreign bank	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	83	88	82	84	86	85	95	99	97	95	96	99	102	113	111	118	129
Mutual funds	78	91	99	113	44	42	41	40	48	48	48	48	43	40	40	41	41	44	42	43	43	44	42	42	43	42	45	44	43	46	47	46	46	47	47	50	52	52	55	55
Insurance companies	–	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	20	21	21	20	20	20	23	23	23	24	23	20	20	22	21	23	23
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6	5	5	6	13	12	11	15	14	12	10	17	16	19	19	17	20
Provident and pension funds	–	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Alternative investment funds	–	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	6	10	8	7	4	4	8	6	7	7	11	11	10	13	14	17	26
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6	6	5	5	4	5	6	7	6	5	4	3	5	6	4	5	4
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	4	4	4	4	3	4	4	4	4	4	4	4	4
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	4	4	4	4	4
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	4	4	4	4	3	4	4	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6,66,530	6,07,793	6,04,342	5,86,330	6,62,476	6,40,888	6,71,085	6,34,972	6,31,567	6,35,207	6,21,209	6,16,617	6,09,576	6,04,547	6,02,512	6,09,838	6,19,866
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6,49,826	5,92,107	5,88,733	5,71,031	6,44,229	6,23,197	6,52,605	6,17,117	6,13,669	6,17,139	6,02,824	5,98,360	5,90,980	5,85,690	5,83,250	5,89,920	5,98,316
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	47	46	45	44	45	45	46	46	47	49	48	47	47	48	48	47	48
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,665	1,525	1,520	1,484	1,871	1,773	1,820	1,749	1,713	1,726	1,725	1,668	1,661	1,707	1,716	1,792	1,953
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9,300	8,933	8,939	8,818	9,445	9,446	9,992	9,878	10,054	10,218	10,463	10,503	10,901	11,111	11,483	11,922	12,410
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	3	2	2	2	2	2	2	2	2	2	2	3	3	3	2
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	3	3	3	4	4	4	4	4	4	4	4	4	2	2	2	2
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	1	1	1	1	1	1	1	3	3	4	4	4	4	4
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	2	4	4	4	4	3	2	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5,681	5,172	5,093	4,942	6,874	6,415	6,610	6,171	6,074	6,066	6,138	6,028	5,975	5,980	6,004	6,146	7,129
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	19	18	21	22	19	23	28	29	33	36	–	25	26	26	28	27	32
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5,533	5,084	5,031	4,900	6,837	6,376	6,563	6,123	6,021	6,012	–	5,989	5,935	5,943	5,965	6,107	7,086
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	128	69	40	19	16	15	18	18	19	17	–	13	13	10	9	10	9
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–	–	–	–	–	–	–	–	–
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1
Societies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	–	1	1	1	1	1	1
Employee trusts	3	3	3	3	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1

JSW Steel promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is JSW TECHNO PROJECTS MANAGEMENT LTD, 10.82%.Promoter buying and selling

Holder
JSW TECHNO PROJECTS MANAGEMENT LTDIndian companies, trusts and others	10.82%	26,46,05,920	20.96%
JSW HOLDINGS LIMITEDIndian companies, trusts and others	7.42%	18,14,02,230	2.56%
VIVIDH FINVEST PRIVATE LIMITEDIndian companies, trusts and others	5.86%	14,33,70,690	0.00%
SAHYOG HOLDINGS PRIVATE LIMITEDIndian companies, trusts and others	4.58%	11,20,67,860	0.00%
SIDDESHWARI TRADEX PRIVATE LIMITEDIndian companies, trusts and others	3.46%	8,45,50,760	43.15%
JTPM METAL TRADERS LIMITEDIndian companies, trusts and others	3.40%	8,32,67,143	0.00%
VIRTUOUS TRADECORP PRIVATE LIMITEDIndian companies, trusts and others	2.47%	6,03,68,250	24.85%
NALWA SONS INVESTMENTS LTDIndian companies, trusts and others	1.86%	4,54,86,370	0.00%
JSW ENERGY LIMITEDIndian companies, trusts and others	1.84%	4,50,38,350	0.00%
JSL OVERSEAS LIMITEDForeign companies and others	0.86%	2,10,26,090	59.57%
KARNATAKA STATE INDUSTRIAL& INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITEDCentral and state governments	0.37%	90,79,520	0.00%
TARINI JINDAL HANDAIndividuals and Hindu undivided families	0.20%	49,93,890	0.00%
TANVI SHETEIndividuals and Hindu undivided families	0.20%	49,63,630	0.00%
BEAUFIELD HOLDINGS LIMITEDForeign companies and others	0.17%	42,27,970	0.00%
NACHO INVESTMENTS LIMITEDForeign companies and others	0.17%	42,07,380	100.00%
MENDEZA HOLDINGS LIMITEDForeign companies and others	0.17%	42,18,090	100.00%
ESTRELA INVESTMENT COMPANY LIMITEDForeign companies and others	0.17%	41,60,070	0.00%
PARTH JINDALIndividuals and Hindu undivided families	0.07%	17,70,000	0.00%
SEEMA JAJODIAIndividuals and Hindu undivided families	0.06%	14,41,650	6.94%
SAJJAN JINDAL (SANGITA JINDAL FAMILY TRUST)Indian companies, trusts and others	0.04%	10,60,100	0.00%
DEEPIKA JINDALIndividuals and Hindu undivided families	0.01%	1,48,650	0.00%
SAROJ BHARTIAIndividuals and Hindu undivided families	0.01%	2,37,827	0.00%
NIRMALA GOELIndividuals and Hindu undivided families	0.01%	1,73,000	0.00%
PRJ FAMILY MANAGEMENT COMPANY PRIVATE LIMITEDIndian companies, trusts and others	0.01%	3,12,120	0.00%
URMILA BHUWALKAIndividuals and Hindu undivided families	0.01%	3,11,000	6.43%
TRIPTI JINDAL ARYAIndividuals and Hindu undivided families	0.00%	50,660	0.00%
SMINU JINDALIndividuals and Hindu undivided families	0.00%	55,970	0.00%
ACCURA FORM PVT LTDIndian companies, trusts and others	0.00%	20,800	15.86%
HEXA TRADEX LIMITEDIndian companies, trusts and others	0.00%	13,620	0.00%
SAVITRI DEVI JINDALIndividuals and Hindu undivided families	0.00%	75,300	0.00%
JSW INVESTMENTS PRIVATE LIMITEDIndian companies, trusts and others	0.00%	1,000	0.00%
JSW PROJECTS LIMITEDIndian companies, trusts and others	0.00%	21,300	0.00%
SANGITA JINDALIndividuals and Hindu undivided families	0.00%	1,000	0.00%
SAKET KANORIAIndividuals and Hindu undivided families	0.00%	7,600	0.00%
SAJJAN JINDALIndividuals and Hindu undivided families	0.00%	31,000	0.00%
NARMADA FINTRADE PRIVATE LIMITEDIndian companies, trusts and others	0.00%	65,000	46.15%
REYNOLD TRADERS PRIVATE LIMITEDIndian companies, trusts and others	0.00%	1,000	0.00%
ROHIT TOWER BUILDING LTDIndian companies, trusts and others	0.00%	90	0.00%
S K JINDAL AND SONS HUFIndividuals and Hindu undivided families	0.00%	58,000	0.00%
SAJJAN JINDAL (PARTH JINDAL FAMILY TRUST)Indian companies, trusts and others	0.00%	100	0.00%
SAJJAN JINDAL (SAJJAN JINDAL FAMILY TRUST)Indian companies, trusts and others	0.00%	100	0.00%
SAJJAN JINDAL (SAJJAN JINDAL LINEAGE TRUST)Indian companies, trusts and others	0.00%	100	0.00%
P R JINDAL HUFIndividuals and Hindu undivided families	0.00%	45,550	0.00%
SAJJAN JINDAL (TANVI JINDAL FAMILY TRUST)Indian companies, trusts and others	0.00%	100	0.00%
SAJJAN JINDAL (TARINI JINDAL FAMILY TRUST)Indian companies, trusts and others	0.00%	100	0.00%
SOUTH WEST MINING LIMITEDIndian companies, trusts and others	0.00%	61,300	0.00%
NAVEEN JINDALIndividuals and Hindu undivided families	0.00%	54,990	0.00%
ARTI JINDALIndividuals and Hindu undivided families	0.00%	10	0.00%
AIYUSH BHUWALKAIndividuals and Hindu undivided families	0.00%	10,000	0.00%
SARIKA JHUNJHNUWALANon-resident and foreign individuals	0.00%	41,500	0.00%
URMILA KAILASHKUMAR KANORIAIndividuals and Hindu undivided families	0.00%	1,10,000	31.82%

Pledged is the share of the holder's own shares pledged to a lender.

Largest public holders of JSW Steel, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding JSW Steel

Holder	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
JFE STEEL INTERNATIONAL EUROPE B.V.Foreign direct investment	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies	–	–	–	–	–	–	–	–	–	–	–	1.02%	1.79%	2.20%	–	3.40%	–	4.80%	4.76%	5.41%	5.92%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.94%	4.65%
GAGANDEEP CREDIT CAPITAL PVT LTDCompanies	1.90%	1.90%	1.90%	1.90%	1.90%	1.90%	1.90%	1.91%	1.91%	1.97%	2.04%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.08%	2.10%	2.10%	2.10%	2.08%	2.07%	2.04%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%	2.03%
ENAM SECURITIES PVT LTDCompanies	–	–	1.14%	1.16%	1.12%	1.03%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.06%	1.16%	1.16%	1.16%	1.16%	1.26%	1.26%	1.24%	1.24%	1.24%	1.21%	1.21%	1.21%	1.16%	1.16%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%	1.14%
SHAMYAK INVESTMENT PRIVATE LIMITEDCompanies	–	–	1.05%	1.05%	1.05%	1.05%	1.05%	1.05%	1.05%	1.05%	1.05%	1.05%	1.05%	1.05%	1.05%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.06%	1.10%	1.10%	1.10%	1.10%	1.10%	1.09%	1.09%	1.09%	1.09%	1.09%	1.09%	1.09%	1.09%	1.09%	1.09%	1.09%	1.09%	1.09%
GQG PARTNERS EMERGING MARKETS EQUITY FUNDForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.02%	–
LICI INDEX PLUS FLEXI SMART GROWTH FUNDInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.45%	–	–	5.33%	5.13%	–	–
THELEME MASTER FUND LIMITEDForeign portfolio investors, category II	–	–	–	–	–	–	–	–	–	1.20%	1.24%	1.24%	1.24%	2.41%	2.45%	2.65%	2.65%	2.42%	2.34%	2.34%	2.34%	2.31%	1.91%	1.91%	1.91%	1.76%	1.74%	1.67%	1.65%	1.51%	1.33%	1.22%	1.09%	1.09%	1.09%	1.02%	1.02%	1.02%	–	–
LICI ULIP-SECURED FUNDInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.55%	–	–	–	–
LICI ULIP-GROWTH FUNDInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.80%	7.21%	7.37%	7.47%	7.10%	6.58%	6.19%	6.14%	–	6.31%	6.31%	–	6.12%	–	–	–	–	–
LICI NEW ENDOWMENT PLUS-GROWTH FUNDInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.02%	–	–	–	–	–	–	–	–	–	–	–	–	–	6.23%	–	–	–	–	–	–	–	–	–
LIFE INSURANCE CORPORATION OF INDIA (LICI ULIP GROWTH FUND)Financial Institution Or Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.06%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
NEMISH S SHAHResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	1.01%	1.01%	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIC NEW ENDOWMENT PLUS-GROWTH FUNDFinancial Institution Or Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.43%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
APMS INVESTMENT FUND LIMITEDInstitutions Foreign Portfolio Investor	1.53%	–	1.53%	1.53%	1.53%	1.53%	1.53%	1.53%	1.53%	1.53%	1.53%	1.33%	1.33%	1.33%	1.33%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LOTUS GLOBAL INVESTMENTS LTDInstitutions Foreign Portfolio Investor	1.73%	1.73%	1.73%	1.73%	1.73%	1.73%	1.73%	1.58%	1.58%	1.58%	1.58%	1.31%	1.31%	1.31%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
THE INDIAMAN FUND (MAURITIUS) LIMITEDInstitutions Foreign Portfolio Investor	1.25%	1.26%	1.27%	1.27%	1.27%	1.27%	1.28%	1.32%	1.33%	1.12%	1.13%	1.13%	1.13%	1.12%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
MORGAN STANLEY FRANCE S.A.Institutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	1.05%	1.05%	1.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
MORGAN STANLEY MAURITIUS COMPANY LIMITEDInstitutions Foreign Portfolio Investor	–	–	1.18%	1.04%	1.03%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
APMS Invetsments Fund LtdInstitutions Foreign Portfolio Investor	–	1.53%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
AMRIT PETROLEUMS PVT LIMITEDOther non-institutions	1.05%	1.05%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.

Who moved in the Sep 2026 filing

Against the Jun 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.

Foreign institutions: GQG PARTNERS EMERGING MARKETS EQUITY FUND no longer named, from 1.02%
Indian institutions: LIFE INSURANCE CORPORATION OF INDIA 4.65%, −0.29 pts