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JSW Steel Limited JSWSTEEL.NS

IN · National Stock Exchange of India · XNSE · stock · Basic Materials · website

JSW Steel Limited statistics & valuation

Market cap₹3.10T
P / E13.9×
P / S1.7×
P / B3.1×
P / FCF29.5×
Net margin12.3%
FCF margin5.8%
Net debt₹798.3B
Enterprise value USD$40.9B
Earnings yield EBIT/EV6%
Return on capital11.7%
Graham number -27.8%₹917.36

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹917.36); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.50% 5.10% 2.10% 12.30% 2023202420252026
Gross margin (%)
33.90% 36.20% 35.30% 38.00% 2023202420252026
Operating margin (%)
8.00% 11.90% 8.50% 12.80% 2023202420252026
Return on equity (%)
6.30% 11.30% 4.40% 22.30% 2023202420252026
Shares outstanding
2.44B 2.44B 2.44B 2.44B 2023202420252026
Net debt (₹)
₹911.81B ₹1.00T ₹1.08T ₹798.34B 2023202420252026
Share buybacks (₹)
₹0 ₹440.0M ₹3.94B 2023202420252026
Return on assets (%)
2.00% 3.90% 1.50% 8.30% 2023202420252026
Free cash flow margin (%)
5.20% -2.20% 4.90% 5.80% 2023202420252026
Debt / equity (×)
1.62× 1.36× 1.50× 1.19× 2023202420252026
EPS (₹)
₹17.14 ₹36.17 ₹14.32 ₹91.25 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

JSW Steel Limited trades at about 13.9× earnings — below its 10-year norm (10-year range 13.9×–71.9×, median 42.3×).

13.9× 71.9×

Shaded band = 10-year range (13.9×–71.9×); dot = today's 13.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin38.0%35.3%36.2%33.9%
Operating margin12.8%8.5%11.9%8.0%
Net margin12.3%2.1%5.1%2.5%
FCF margin5.8%4.9%-2.2%5.2%
Return on assets8.3%1.5%3.9%2.0%
Return on equity22.3%4.4%11.3%6.3%
Debt / equity0.76×1.03×0.87×0.94×
Current ratio1.491.170.980.97

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.