Register

Registration

Note : After Answered of Questionnaires / Survey Please Close it.
.

JSW Steel Ltd . Large Cap

BSE: 500228 | NSE: JSWSTEEL
Steel
Live
20/04/2021 4:00:00 PM
620.50 4.85   (0.79%)
BSE: price shown with 5 mins delayed.
Prev. Close 615.65
Open Price 623.90
Volume Traded 412249.00

Fundamentals

Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20
Ajusted EPS(Rs.) 55.7 50.45 38.13 10.24 55.88 0 11.48 20.24 25 13.02
Net Sales (Rs. Cr.) 24105.89 34368.05 38209.65 51219.62 52971.51 41546.17 55604 71933 84757 73326
Adjusted Net Profit 1640.81 2079.34 1308.97 335.71 1723.12 1567.29 3540.22 6392.41 7516.59 4489.23
Book Value/ Share(Rs.) 553.26 579.64 600.55 699.39 736.24 630.29 75.24 92.71 115.6 121.59
Cash Flow 293.16 109.61 -380.12 276.21 334.32 -110.71 84.00 -335.00 4999.00 -1615.00
Debt to Cash Flow from Operations 5.82 5.67 3.65 13.40 4.82 6.12 5.49 3.17 3.24 4.64
RONW 12.71 12.37 7.55 1.60 7.78 0.00 16.60 24.14 23.96 12.58
ROCE % 11.72 13.84 11.25 12.44 10.10 0.00 13.82 16.79 19.37 8.58
Net Operating Profit Margin % 15.33 14.74 11.06 11.15 10.39 6.52 14.14 15.08 17.94 11.03
Net Profit Margin % 6.36 5.63 3.15 0.61 2.99 3.41 5.71 8.35 8.88 6.12
Debt / Equity 1.24 1.08 1.20 1.42 1.62 1.91 2.06 1.62 1.37 1.49
Dividend Yield % 1.34 1.04 1.49 1.15 1.21 0.59 0.86 1.45 2.40 0.40
Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20
Ajusted EPS(Rs.) 68.06 55.12 60.91 41.51 68.66 0 11.88 15.31 26.98 17.58
Net Sales (Rs. Cr.) 23367.11 32122.66 35491.81 45297.72 46087.32 36706.92 52290 66464 77187 64262
Adjusted Net Profit 1990.26 1964.36 2004.00 2125.72 2290.60 2320.95 3664.91 4868.18 8117.53 6379.77
Book Value/ Share(Rs.) 577.75 641.16 691.83 776.87 824.45 678.31 80.06 92.41 115.92 127.45
Cash Flow 162.06 178.79 -402.59 220.43 386.18 -344.80 247.00 -261.00 4871.00 -1928.00
Debt to Cash Flow from Operations 5.85 7.45 4.56 5.15 3.32 6.29 4.47 2.96 2.81 3.63
RONW 0.00 0.00 10.43 9.72 8.82 0.00 16.07 17.79 25.86 17.42
ROCE % 14.26 12.68 12.57 14.14 11.60 0.00 14.55 16.62 20.82 10.66
Net Operating Profit Margin % 16.41 13.23 12.39 12.89 11.97 8.48 14.33 14.96 19.60 14.24
Net Profit Margin % 7.94 5.66 5.16 4.31 4.30 5.68 6.29 6.83 10.52 9.93
Debt / Equity 0.87 0.78 0.88 1.02 1.11 1.38 1.66 1.42 1.27 1.30
Dividend Yield % 1.34 1.04 1.49 1.15 1.21 0.59 0.69 1.15 2.40 0.40

Year on Year Growth Rate (%)

Ajusted EPS Sales Adjusted Net Profit

Latest Financials

Standalone Consolidated
TTM EPS (Rs) 16.86 11.67
TTM Sales (Rs. Cr.) 59197 67913
BVPS (Rs.) 164.53 155.34
Reserves (Rs. Cr.) 39530 37308
P/BV 3.77 3.99
PE 36.80 53.17052
From the Market
52 Week High / Low (Rs) 645/152.75
All Time High / Low (Rs) 346.4/0.19
Volume Traded 412249
Market Cap (Rs. Cr.) 149988.53
Equity (Rs. Cr.) 241.722044
Face Value (Rs) 1
Industry PE 0

Quarterly Results

Dec'2019 Mar'2020 Jun'2020 Dec'2020
Net Sales (Cr) 15199.00 15020.00 10018.00 18960.00
Adjusted EPS (Rs) 2.88 -1.25 -0.61 11.79
Net Profit Margin % 4.55 -2.00 -1.46 14.92
Dec'2019 Mar'2020 Jun'2020 Dec'2020
Net Sales (Cr) 17416.00 17556.00 11454.00 21487.00
Adjusted EPS (Rs) 0.88 -3.72 -2.34 11.12
Net Profit Margin % 1.21 -5.08 -4.90 12.48

Quarterly Growth Rate (%)

Ajusted EPS Sales Net Profit Margin

Peers Data

Name Current Price(Rs) Market Cap. (Rs. cr.) Net Profit(Rs. cr.) Sales Growth(%)
Kalyani Steels Ltd 342.05 1493.39 137.12 -32.37
Mukand Ltd 118.6 1677.07 0 -38.00
Surya Roshni Ltd 356.5 1939.68 102.21 -29.92
Tata Steel Long Products Ltd 834.2 3762.24 -516.28 -8.22
Tata Steel Ltd 894.3 107010.84 6743.8 -27.02
JSW Steel Ltd 620.5 149988.53 5291 -53.84

Technical

Sector

15928.15 47.87   (0.30%)

Index

47705.80 -243.62   (-0.51%)
9 Days Avg
Span A Span B 52 Week TenKan-Sen Kijun-Sen ChiKou-Sen
9 Days Avg

Score

Kindly subscribe to get access

Research Analytical

Kindly subscribe to get access

News

2021/04/08 09:31

JSW Steel achieves crude steel production of 4.19 MT in Q4 FY21

JSW Steel achieved crude steel production of 4.19 million tons in 4Q FY21, registering a growth of 2% QoQ and 6% YoY. The company's average capacity utilisation improved from 91% of 3Q FY21 to 93% for 4Q FY21. However, the capacity utilisation during the month of March 2021 was 96%.

For FY2021, the company achieved crude steel production of 15.08 million tons compared to 16.06 million tons in FY2020, recording a decline of 6%.

Even though the average capacity utilisation improved from 66% in Q1 2020-21 to 93% in Q4 2020-21, the crude steel production for FY 2020-21 was lower by 6% mainly due to disruption in production caused by the outbreak of COVID-19 in Q1 2020-21.

Powered by Capital Market - Live News

2021/04/01 09:18

JSW Steel acquires PCMD Business from Welspun

JSW Steel (JSW) has entered into an assignment agreement dated 31 March 2021 (�Assignment Agreement�), whereby Laptev Finance (�Laptev�), a JSW Group company has assigned to JSW all rights and obligations of Laptev under the Business Transfer Agreement dated 31 March 2019 as amended from time to time including the amendment dated 31 March 2021 (�Business Transfer Agreement�) executed by Laptev with Welspun Corp (�Welspun�), for a consideration of Rs 1 crore and applicable taxes.

As per the Business Transfer Agreement, Laptev had agreed to acquire from Welspun, as a going concern on slump sale basis, the business of manufacturing of high-grade steel plates and coils (PCMD Business), for a consideration of Rs 848.50 crore, which is subject to closing adjustments towards net working capital.

As a part of the transaction, JSW shall also purchase a parcel of land pertaining to PCMD Business from Welspun Steel for Rs 1.50 crore. The consideration amounts will be paid on a deferred basis, subject to Welspun fulfilling certain regulatory approvals and payment milestones as provided under the Business Transfer Agreement.

Subsequent to the assignment of the Business Transfer Agreement to JSW, the closing has occurred on 31 March 2021 and consequently Welspun has transferred the PCMD Business to JSW as on 31 March 2021.

Powered by Capital Market - Live News

2021/03/31 09:30

JSW Steel receives reaffirmation in credit ratings from Moody's

JSW Steel announced that Moody's Investor Service has reaffirmed the credit ratings as under:

Corporate Family Rating - Ba2; Stable (revised from Ba2; Negative)
Senior Unsecured Debt Rating - Ba2; Stable (revised from Ba2; Negative)

Powered by Capital Market - Live News

2021/03/27 14:55

JSW Steel update on implementation of resolution plan for Bhushan Power & Steel

JSW Steel announced an update in relation to the implementation of the resolution plan submitted by JSW Steel for Bhushan Power & Steel (BPSL) under the Insolvency and Bankruptcy Code, 2016.

JSW Steel informed that pursuant to subscription and shareholders agreement between the Company, JSW Shipping & Logistics (JSLPL) and Piombino Steel (PSL), JSLPL converted the optionally convertible debentures held by JSLPL in PSL into equity shares of PSL on 27 March 2021.

Pursuant to the conversion, JSLPL holds 51% equity in PSL and the Company holds 49% equity in PSL.

JSLPL and the Company will jointly control and manage BPSL through PSL.

The Company continues to hold the optionally convertible instruments (convertible to equity shares at par) issued to the Company by PSL.

Powered by Capital Market - Live News

2021/03/26 16:23

JSW Steel completes acquisition of 26.45% stake in JSW Vallabh Tinpate

JSW Steel has completed the acquisition of 26.45% stake in JSW Vallabh Tinplate. Pursuant to which, JSW Vallabh Tinplate is now the wholly owned subsidiary of the company with the company direct and indirect (through its wholly owned subsidiary Vardhman Industries) shareholding in JSW Vallabh Tinplate being 100%.

Powered by Capital Market - Live News

About Company

JSW Steel Ltd, the flagship company of the JSW Group, is an integrated steel manufacturer in India with an installed steel-making capacity of 18 million tonnes per annum (MTPA). The company offers the entire gamut of steel products - Hot Rolled, Cold Rolled, Galvanized, Galvalume, Pre-painted Galvanised, Pre-painted Galvalume, TMT Rebars, Wire Rods & Special Steel Bars, Rounds & Blooms. They have manufacturing facilities at Vijayanagar in Karnataka, Dolvi, Vasind, Kalmeshwar, Tarapur in Maharashtra, Salem in Tamil Nadu and Texas in USA. JSW Steel's plant at Vijayanagar in Karnataka, is the largest single location steel producing facility in the country with a capacity of 12 MTPA. JSW Steel is part of US $15 billion O.P.Jindal Group. JSW Steel Ltd was originally incorporated as Jindal Vijayanagar Steel Ltd on March 15, 1994. During the year, the company entered into a technical arrangement with Voest Alpine Industrieanlagenbau (VAI), for technical details with respect to productivity, iron ore technical details etc. The company set up two joint venture companies namely Jindal Tractebel Power Company Ltd and Jindal Praxair Oxygen Co (P) Ltd for supply of power of 2 x 130 MW of power and supply of Oxygen respectively. In the year l995, the company entered into a joint venture with Praxair to build and operate world's largest cryogenic air separation plants for supply of oxygen, nitrogen and argon to Jindal's integrated steel facility in Bellary in Karnataka. In the year 1997, the company commissioned the BOF & CCP Units to synchronize with the commissioning of the first unit of Corex. Also, they entered into a joint venture with Mysore Minerals Ltd (A Government of Karnataka Undertaking) the Leaseholder of Thimmappanagudi deposits, to form Jindal Mysore Minerals Mining Company Pvt Ltd. In March 1997, JVSL commissioned the first phase of the roughing mill of their hot strip mill. In the year 1999, the company entered into an agreement with the Steel Authority of India (SAIL) for procuring slab. They acquired 60 per cent stake in a city-based joint venture company, Chemicon. Also, they made an agreement with Saint-Gobain Glass India to install an air separation plant for the supply of nitrogen and hydrogen to Saint-Gobain's float glass unit at Chennai. In the year 2000, the company implemented a total integrated resource planning solution for their business process, which was the first of its kind in India. The company signed a Memorandum of Understanding (MoU) with miners in and around the company's captive mines located in the Bellary Hospet region in Karnataka. The MoU was signed for supplying iron ore fines for the company's pelletisation plant. JSW group acquired the company and took over the Management from November 2004. Salem Works is the only integrated steel plant in Tamil Nadu and is located at Pottaneri/M. Kalipatti villages and at about 35 kms from Salem. In 2005, JSWSL approved the merger of Euro Ikon Iron & Steel Pvt Ltd, Euro Coke & Energy Pvt Ltd, and JSW Power Ltd. The company's name was changed to JSW Steel Limited on June 16, 2005.In January 2007, the company executed a Development Agreement with The Government of West Bengal, West Bengal Industrial Development Corporation Limited (WBIDC) West Bengal Mineral Development and Trading Corporation Limited (WBMDTC) for setting up a 10 MTPA steel plant in suitable phases. JSW steel has inaugurated two exclusive JSW Shoppe in Hubli, Karnataka on December 4, 2007, At JSW Shoppe, end consumer will also know about different application of different steel products being manufactured by the company through actual components and pictures from Automobile, White Goods Sectors, and Construction. In March 28, 2008, the company incorporated a 100% subsidiary namely JSW Building Systems Ltd to design, make, prepare, develop, create, alter, replace, repair pre-fabricated building systems and technologies. In April 10, 2009, the 2.8 MTPA Crude Steel Expansion Project at Vijayanagar Works commenced commercial production enhancing the Crude Steel manufacturing capacity to 6.8 MTPA and scaling up the overall steel manufacturing capacity of the Company to 7.8 MTPA. In November 19, 2009, the company signed a strategic collaboration agreement with JFE Steel Corporation, the world renowned Japanese steel company at Mumbai. This collaboration agreement provides an ideal platform for both the steel companies to come together and leverage each others strength to their mutual benefit. In December 2009, the company commissioned the 30 MW Power Plant at Tarapur, equipped with latest ESP system and designed for zero affluent discharge. Also, the company entered into an agreement with Maharashtra State Electricity Distribution Co Ltd (MSEDCL) for sale of the surplus power. Since December 2009, the company has been selling the surplus power to MSEDCL. The state-of-the-art new Hot Strip Mill with a capacity of 5 MTPA is being implemented in two phases. The Phase-I with a capacity of 3.5 MTPA has been successfully commissioned on March 28, 2010. After successful trial runs, the Mill commenced commercial operations on April 10, 2010. In September 2010, they commissioned the 300 MW captive power plant at Vijayanagar works. Also, they commissioned the phase of the Blooming Mill with capacity of 0.25 mtpa in Salem works. In December 2010, they commissioned the two of the four batteries (Battery A&B) of coke oven 4 (1.95 mtpa capacity) in at Vijayanagar works. In January 2011, they acquired the assets of Integrated Steel Plant division of Bellary Steel & Alloys Ltd. In February 2011, the company commissioned the Sinter plant 3 (5.75 mtpa capacity) at Vijayanagar works, the largest such facility in India. In October 2011, the company signed a joint venture agreement with Marubeni-Itochu Steel Inc. Tokyo, (MISI) to set-up a steel processing center in North India, under the name of JSW MI Steel Service Center Pvt Ltd. The company has decided to set up a new cold rolling mill complex of 2.3 mtpa in two phases at its Vijaynagar Works, considering the growing demand from consumer durables and automobile segment for CRCA products. By 2012-2013, JSW Steel became India's largest integrated private steel manufacturer with a combined capacity of 14.3 MTPA. On 1 October 2013, JSW Steel announced its plan to set up a second steel processing center in India's automotive hue Pune (Maharashtra) with its joint venture partner Marubeni Itochu Steel Inc. Tokyo, (MISI). The first phase of the project is expected to come on stream by FY 2014 with an installed capacity of 1.8 lakh tonnes per annum and will be scaled up to 3.6 lakh tonnes per annum in phase two. The project will be set up at a capital cost of Rs 204 crore and will be funded through 50% equity and 50% debt element. On 5 October 2013, JSW Steel executed a Business Transfer Agreement with Heidelberg Cement India Ltd. for the acquisition of its cement grinding facility at Raigad, Maharashtra, as a going concern on slump sale basis. On 21 February 2014, JSW Steel announced that it has executed a legally binding Share Purchase Agreement and Shareholders Agreement with the shareholders of Vallabh Tinplate Pvt Ltd (VTPL) and VTPL to acquire 26% equity in VTPL immediately and increase its equity stake in VTPL to 50% in due course. The total investment to acquire 50% equity stake in VTPL is estimated to be a maximum of Rs 46 crore depending upon financial performance of VTPL. This acquisition marks JSW Steel's entry into growing tinplate business in India. VTPL is currently operating a 60,000 MT per annum tinplate manufacturing facility in Beopror Village, Rajpura, Patiala District in the State of Punjab in India. VTPL is owned by Vardhaman Industries Ltd (VIL) along with its promoters.On 25 April 2014, JSW Steel announced the launch of its Cold Roll Mill 2 (CRM-2) facility at Vijaynagar Works, Karnataka. The new CRM-2 complex, with a production capacity of 2.3 million tonnes per annum (MTPA), is the most sophisticated plant by configuration with capacity to produce high strength and advanced high strength steel, both in uncoated and coated categories and wider width up to 1870 mm. The CRM-2 facility includes a Continuous Annealing Line, which is the first to start operations in India. On 31 October 2014, JSW Steel announced that it has completed the acquisition of the entire shareholding of Welspun Enterprises Limited (WEL) held in Welspun Maxsteel Limited (WMSL). Earlier, on 18 August 2014, JSW Steel had announced that it has entered into a definitive agreement with WEL, pursuant to which the company shall acquire the entire equity shares held by WEL in WMSL for an enterprise value of Rs 1000 crore plus net assets as of an agreed date of 31 August 2014. WMSL has installed capacity of 0.9 MTPA gas based DRI plant, with a captive jetty and a captive railway siding. JSW Steel has surplus pellets in its subsidiary Amba River Coke Limited which will be supplied to WMSL. The cost of production of WMSL is expected to come down due to replacement of significant portion of its bought-out pellets with captive pellets. The DRI produced by WMSL shall be used partly by JSW Steel's Dolvi unit, and would be consumed in the entirety post completion of its ongoing expansion to 5 MTPA. WMSL also has vacant land of about 480 acres available for future expansions.On 24 November 2014, JSW Steel informed stock exchanges that it has submitted a binding bid for takeover of Rolling Mills of the Piombini Plant of Lucchini in Italy subject to certain terms and conditions. On 17 December 2014, JSW Steel announced that the company has decided to put on hold the implementation of its proposed 10 MTPA Greenfield steel plant project in West Bengal. Ban/restriction on iron ore mining in the country followed by cancellation of coal blocks including coal mines earmarked for the project brought severe uncertainty to the linkages of critical inputs for steel making. In this backdrop, financing a capital-intensive Greenfield project will be very challenging. JSW Steel will continue to work with the West Bengal state government to find alternatives to establish raw material linkages for the project so as to take up implementation of the Greenfield project in due course. On 22 February 2016, JSW Steel announced that credit rating agency ICRA has revised its long term rating on the back facilities and non-convertible debentures of the company downward by one notch. The downward revision in the long term rating takes into account the significant drop in steel prices due to downturn in the global steel industry and continued imports into India at predatory prices negatively impacting the company's profitability and cash accruals. On 17 August 2016, JSW Steel announced that it has completed the acquisition of 74% shareholding of Praxair India Private Limited in JSW Praxair Oxygen Private Limited (JPOPL) for a cash consideration of Rs 240 crore. Post the acquisition, JPOPL has become a wholly owned subsidiary of JSW Steel. Earlier, on 16 August 2016, JSW Steel executed a Share Purchase Agreement with Praxair India Private Limited to acquire their entire shareholding of 74% in JSW Praxair Oxygen Private Limited (JPOPL) for a cash consideration of Rs 240 crore. JSW Steel said this acquisition is strategic in nature as it will provide the company the benefit of backward integration. JPOPL is engaged in the business of production and sale of industrial gases such as oxygen, nitrogen and argon and has set up two air separation plants, each with a capacity of 2,500 tonnes per day, at Toranagallu, Bellary District, Karnataka. JSW Steel sources industrial gases from JPOPL amongst others at prices based on long term contracts.The Board of Directors of JSW Steel at its meeting held on 27 October 2016 approved the sub-division of each of the equity shares of the company having a face value of Rs 10 into 10 equity shares of a face value of Re 1 each. The Board also approved the raising of funds not exceeding Rs 2000 crores in the aggregate, through the issuance of Redeemable Non-Convertible Debentures either by way of a Public Issue or by way of a Private Placement and has authorised a sub-committee of Directors to decide on all matters relating to the proposed issuance of the Debentures including finalisation and approval of the detailed terms of issue. The issue proceeds would be majorly used for refinancing of expensive debt, to meet long term working capital requirements, to meet requirements for Normal Capital Expenditure and for General Corporate purposes.The Board of Directors of JSW Steel at its meeting held on 31 October 2017 approved to form a wholly owned subsidiary of the company in the name of JSW Utkal Steel Limited or such other name as may be approved by the Registrar of Companies, with an initial investment of up to Rs 150 crore to undertake preliminary studies and for other costs. JSW Steel as a part of its growth strategy proposes to set up a steel plant in Odisha. Odisha provides a wonderful opportunity to build one of the world's lowest cost and port based pellet and steel producing facilities and could be the next destination in the company's growth path to achieve its vision. On 20 December 2017, JSW Steel announced that it has commenced the national roll-out of JSW Everglow, a colour-coated steel product that aims to provide beautiful and innovative roofing and wall solutions for modern India.On 12 February 2018, JSW Steel announced that it has commenced iron ore mining operations in Tunga Mines which is of capacity 0.3 MTPA. The company commenced operations at the mine after receiving all the required clearances and final commencement letter from Department of Mines & Geology, Government of Karnataka. Earlier, JSW Steel had announced on 7 October 2016 that it was declared as a preferred bidder for 5 iron ore mines having an estimated resource of 111 million tonnes in the auctions conducted for 7 Category C minutes conducted by the Karnataka state government during the period 1 October 2016 to 6 October 2016. On 26 March 2018, JSW Steel announced that its US subsidiary JSW Steel (US) Inc and the Office of Governor, Texas USA have signed a Memorandum of Cooperation to develop and augment the steel industry in Texas. According to the Memorandum, JSW Steel (USA) Inc has agreed to consider investment of up to USD 500 million in phases (subject to EPA approval) in developing its steel manufacturing infrastructure in Baytown, Texas, USA. As part of the Memorandum, the Governor of Texas Greg Abbott has approved USD 3.4 million grant from the Texas Enterprise Fund to the company. The intended investment by JSW USA will be used to undertake capability enhancement of its plate and pipe unit located in Baytown, Texas USA. The company will invest USD 150 million (already underway) to augment the unit's capabilities. This capex programme is expected to be completed by March 2020. JSW USA intends to use the rest of the investment, up to 350 million, to set up a new hot end facility to make their steel 'melt and manufacture'. On 29 March 2018, JSW Steel announced that it has entered into a Stock Purchase Agreement with JSM International Limited, Acero Junction Holdings Inc. and Acero Junction Inc. for acquisition of 100% shares of Acero Junction Holdings Inc., a Delaware Corporation, for a cash consideration of USD 80.85 million. The transaction is subject to fulfilment of conditions precedent and other terms as per the Stock Purchase Agreement, with a long stop date of 31 May 2018. Acero Junction Holdings Inc. owns 100% of the shareholding of Acero Junction Inc., which is a steel manufacturing mill that uses the electric arc furnace route to produce hot rolled coils. The acquisition provides a unique opportunity for JSW Steel to establish its presence in Ohio, United States and gain deeper access to the North American market. The total Enterprise Value of the transaction is about USD 180.35 million, with equity value of USD 80.85 million and liabilities of USD 99.5 million, subject to closing adjustments. The acquisition shall be funded by way of a combination of internal accruals from JSW Steel and debt to be raised at Acero Junction Inc.On 2 April 2018, JSW Steel announced that the company in the capacity of an investor jointed Nu Metal & Steel Pvt Ltd in submitting a binding bid for Essar Steel Ltd, which is under the corporate insolvency resolution process as per the provisions of The Insolvency and Bankruptcy Code, 2016 (IBC).On 4 April 2018, JSW Steel announced that it has reported highest ever monthly crude steel production of 1.52 million tonnes for March 2018 with year on year growth of 5%. The company also reported highest ever quarterly crude steel production of 4.31 million tonnes in Q4 March 2018 with year on year growth of 5%. The company also reported highes ever annual crude steel production of 16.27 million tonnes with a growth of 3% over previous year.