CORPORATE RESTRUCTURING

AND BUSINESS VALUATION

JSW Steel

Presented by:
Kingsuk Biswas 20PGPM097
Prinsu Modi 20PGPM110
Roshni Swain 20PGPM116
Saurabh Kumar 20PGPM119
Sushmita Mishra 20PGPM126


India is the 2nd largest global Crude Steel producer in 2020.

India has also made a mark globally in the production of Sponge

Iron/Direct Reduced Iron (DRI).

The domestic availability of raw materials such as iron ore and cost-
effective labour has fueled growth in the Indian steel business. INDUSTRY
OVERVIEW
Finished steel consumption in India increased at a CAGR of 5.2 per
cent between FY16 and FY20, reaching 100 MT.

In FY20P, India's crude steel and finished steel output grew to 108.5
MT and 101.03 MT, respectively
Following the Covid pandemic and the lockdown across the country,
Indian finished steel consumption reduced by 22% in March 2020 and
by 91% in April compared to the corresponding period in the last
year.

When the phased unlocking of the economy, the Steel sector has
witnessed a ‘V’ shaped recovery which has attained normalcy to a IMPACT OF
large extent in Dec. 2020. COVID ON
STEEL
INDUSTRY
 GLOBAL STEEL POSITION OF INDIA

World’s Crude Steel production stood at 1864.0 MT during January-December 2020, down by 0.9%
over the same period of last year, based on provisional data released by the World Steel
Association.

India was the 2nd largest Crude Steel producer and recorded a decline of 10.6% in production
during this period as compared to the same period of last year.
 COMPANY PROFILE

JSW Steel is a flagship company of the JSW Group.

It is one of the fastest-growing companies in India with a global footprint in over 140 countries.

JSW is also the first company to create sophisticated high-end steel materials with high strength
for its automobile divisions.

With the most diverse steel product portfolio, the firm is also India's largest steel exporter,
delivering to over 100 countries across five continents.
Revenue Model
Ratio Analysis
Growth Rate Calculation
PROJECTIONS
VALUATION
RELATIVE VALUATION