JSW STEEL- One Page Profile

JSW Steel is primiraly engaged in the business of manufacturing and sale of Iron and steel products. It is a flagship business of the
diversified USD 23 billion JSW Group. The group has interests in energy, infrastructure, cements, paints, sports, and venture capital.
After the merger of Bhushan Power & Steel, Ispat Steel and Jindal Vijayanagar Steel Limited, JSW Steel became India's second largest
private sector steel company.

INR (In Crores)

Key Financial Metrics Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Share Price- 5Y
Total Sales 73,326 79,839 1,46,371 1,65,960 1,75,006
Sales Growth (y-o-y) -13.49% 8.88% 83.33% 13.38% 5.45% 900.0

Gross Profit Margins (%) 23.92% 30.57% 26.57% 14.27% 35.45% 700.0
EBITDA Margins (%) 16.11% 25.27% 26.72% 11.13% 16.04%
500.0
EBIT Margins (%) 10.32% 19.41% 22.62% 6.63% 11.37%
Net Profit Margins (%) 5.50% 9.91% 14.12% 2.50% 5.04% 300.0
Earning Per Share (In Rs.) 16.67 32.73 85.49 17.14 36.03
100.0
EPS Growth (y-o-y) -47.24% 96.30% 161.22% -79.95% 110.18%
Dividend Per Share (In Rs.) 2.49 8.12 21.60 4.23 -
Dividend Growth (y-o-y) -51.22% 226.08% 166.04% -80.40% 0.00%

Key Financial Ratios Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Volume- 5Y

Price to Earnings 8.77x 14.31x 8.57x 40.14x 23.04x
4.0m
EV/EBITDA 7.17x 8.07x 5.93x 12.26x 9.93x
3.0m
EV/Sales 1.16x 2.04x 1.58x 1.36x 1.59x
2.0m
Price to Book Value 0.97x 2.42x 2.63x 2.53x 2.61x
1.0m
Return on Equity (%) 11.0% 16.9% 30.7% 6.3% 11.3%
0.0m
Return on Capital Employed 8.1% 15.4% 27.9% 8.8% 13.8% 2020 2021 2022 2023 2024

Top 10 Shareholders No. Shares (In Crs.) % Holding Market Value (In Crs.) Shareholding Pattern
JFE STEEL INTERNATIONAL EUROPE B.V. 36.68 15% 34,480.90
JSW TECHNO PROJECTS MANAGEMENT LTD 26.46 10.82% 24,872.96
JSW HOLDINGS LIMITED 18.14 7.42% 17,051.81
LICI ULIP-GROWTH FUND 15.02 6.14% 14,120.89
VIVIDH FINVEST PRIVATE LIMITED 14.34 5.86% 13,476.84
SAHYOG HOLDINGS PRIVATE LIMITED 11.21 4.58% 10,534.38
SIDDESHWARI TRADEX PRIVATE LIMITED 8.46 3.46% 7,947.77
JTPM METAL TRADERS PRIVATE LIMITED 7.18 2.94% 6,748.70 Promoters FIIs DIIs
JSW ENERGY LIMITED 7.00 2.86% 6,583.60 Govt. Public Others
VIRTUOUS TRADECORP PRIVATE LIMITED 6.04 2.47% 5,674.62

Managerial Remuneration Designation X of Median Salary % Inc. in Remuneration Capital Structure

Mr. Jayant Acharya MD 131:1 21.14%
Mr. Rajeev Pai CFO NA 13.07% Share Price as on 2/07/2024 940
Mr. Lancy Varghese CS NA 28.07% No. of shares O/s 245
Market Capitalization 2,29,873
Less: Cash & Equivalents (12,348)
Add: Total Debt 87984
Add:Minority Interest 1344
Enterprise Value 3,06,853

Recent Updates:
JSW Steel & JFE Steel begin pilot demonstration of advanced Cyber-Physical System Technologies in Blast Furnace operations.
The Company has plans to expand capacity to 37mt by FY25-26 and eventually to 50mt by FY30.
Source: Screener.in, Company website, Annual Reports, Yahoo finance, Equity Master, Economic Times

Prepared By: Nikhil Varshney