JSW Steel Ltd.
Fundamentals
- Market cap
- ₹3.01 lakh cr
- P/E
- 13.49×
- ROE
- 4.41%
- Debt / equity
- 1.21
- Div yield
- 0.58%
- 52-week range
- 1008.00 — 1328.00
Analysis — the numbers vs the call
- JSW Steel's Q1 shines, but captive coal retreat and BF3 delay darken outlook
Profit surges 113% to ₹4,696 cr, but management quietly abandons 50% coal target and misses BF3 timeline
JSW Steel Ltd.
Latest quarter · Jun 2026
Strength & growth
The timeline — 7 notes on JSW Steel Ltd.
July 2026
- 27 Jul 26 · 8:08 PM IST Brief Brief · Credit · Mega cap
JSW Steel wins investment-grade rating from Moody's
Moody's upgrades JSW Steel to Baa3 with stable outlook, reflecting debt reduction from BPSL stake sale and cost leadership. The rating matches India's sovereign ceiling.
- 17 Jul 26 · 7:05 PM IST Brief Brief · Concalls · Mega cap
JSW Steel scales back captive coal target; BF3 furnace delayed
JSW Steel's CFO dialled back the long-held 50% captive coking coal target to ~30% by 2028, while the upgraded BF3 furnace was lit a quarter late. Q1 EBITDA came in at ₹9,373 cr (20% margin) but cost headwinds loom.
- 17 Jul 26 · 2:42 PM IST Brief Brief · Earnings · Mega cap
JSW Steel Q1 net profit surges 113% to ₹4,696 cr
Revenue climbs to ₹47,364 cr, EBITDA margin at 19.8%. Net debt-to-equity improves to 0.42x as the steelmaker benefits from capacity expansions.
- 08 Jul 26 · 2:21 PM IST Brief Brief · Credit · Mega cap
JSW Steel gets second rating upgrade in a week, this time from CARE
The one-notch lift to 'AA+' follows the ₹37,350 crore cash inflow from the JFE Steel JV. Market had already priced it in after Fitch's move.
- 06 Jul 26 · 3:09 PM IST Brief Brief · Credit · Mega cap
Fitch lifts JSW Steel rating, opens door to investment grade
Proceeds from the ₹37,300 crore JV asset sale brought debt-to-EBITDA below 2.7x. A sustainable sub-2.0x could trigger a second upgrade to BBB-.
- 03 Jul 26 · 3:41 PM IST Lead Lead · Mega cap
JSW Steel breaks ground on ₹16,350 cr Andhra plant
The integrated steel project in Rayalaseema will add 2 MTPA capacity in two phases, with the first ₹4,500 cr phase already underway. The plant will use EAF technology for low-carbon steel.