JSW Steel shares experienced a decline of 0.75%, trading at Rs 1,139.90. The stock is a constituent of the Nifty 50 index. The trading session saw high volume and a surge in volume for JSW Steel.
Financial Snapshot: Here is a review of JSW Steel's recent financial performance based on consolidated figures:
Quarterly Results:
For the quarter-ending June 2025, JSW Steel reported revenue of Rs 43,147 Crore and a net profit of Rs 2,309 Crore. The company’s earnings per share (EPS) stood at Rs 8.95 for the same period.
A comparison of the quarterly results shows:
| Particulars | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 42,943.00 Crore | Rs 39,684.00 Crore | Rs 41,378.00 Crore | Rs 44,819.00 Crore | Rs 43,147.00 Crore |
| Net Profit | Rs 879.00 Crore | Rs 466.00 Crore | Rs 713.00 Crore | Rs 1,744.00 Crore | Rs 2,309.00 Crore |
| EPS | 3.47 | 1.80 | 2.94 | 6.15 | 8.95 |
Annual Results:
The yearly financial performance indicates the following:
| Particulars | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 79,839.00 Crore | Rs 146,371.00 Crore | Rs 165,960.00 Crore | Rs 175,006.00 Crore | Rs 168,824.00 Crore |
| Net Profit | Rs 7,872.00 Crore | Rs 20,021.00 Crore | Rs 4,276.00 Crore | Rs 9,145.00 Crore | Rs 3,802.00 Crore |
| EPS | 32.91 | 85.96 | 17.25 | 36.34 | 14.36 |
| BVPS | 152.80 | 227.69 | 222.72 | 261.56 | 260.64 |
| ROE | 16.91 | 30.70 | 6.30 | 11.34 | 4.40 |
| Debt to Equity | 1.11 | 1.04 | 1.20 | 1.10 | 1.21 |
Annual Income Statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | 168,824 | 175,006 | 165,960 | 146,371 | 79,839 |
| Other Income | 694 | 1,004 | 1,030 | 1,531 | 592 |
| Total Income | 169,518 | 176,010 | 166,990 | 147,902 | 80,431 |
| Total Expenditure | 155,718 | 154,353 | 154,296 | 114,106 | 64,460 |
| EBIT | 13,800 | 21,657 | 12,694 | 33,796 | 15,971 |
| Interest | 8,412 | 8,105 | 6,902 | 4,968 | 3,957 |
| Tax | 1,586 | 4,407 | 1,516 | 8,807 | 4,142 |
| Net Profit | 3,802 | 9,145 | 4,276 | 20,021 | 7,872 |
The sales for March 2025 were Rs 168,824 Crore, compared to Rs 175,006 Crore in March 2024. The net profit stood at Rs 3,802 Crore in March 2025, while it was Rs 9,145 Crore in March 2024.
Quarterly Income Statement:
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | 43,147 | 44,819 | 41,378 | 39,684 | 42,943 |
| Other Income | 350 | 230 | 147 | 153 | 164 |
| Total Income | 43,497 | 45,049 | 41,525 | 39,837 | 43,107 |
| Total Expenditure | 38,108 | 40,982 | 38,238 | 36,856 | 39,642 |
| EBIT | 5,389 | 4,067 | 3,287 | 2,981 | 3,465 |
| Interest | 2,217 | 2,094 | 2,115 | 2,130 | 2,073 |
| Tax | 863 | 229 | 459 | 385 | 513 |
| Net Profit | 2,309 | 1,744 | 713 | 466 | 879 |
The sales for June 2025 were Rs 43,147 Crore, compared to Rs 42,943 Crore in June 2024. The net profit stood at Rs 2,309 Crore in June 2025, while it was Rs 879 Crore in June 2024.
Cash Flow:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | 20,899 | 12,078 | 23,323 | 26,270 | 18,789 |
| Investing Activities | -16,997 | -14,638 | -10,711 | -15,987 | -8,119 |
| Financing Activities | -262 | -5,005 | -5,977 | -14,657 | -3,110 |
| Others | -15 | 171 | -19 | 1,239 | 417 |
| Net Cash Flow | 3,625 | -7,394 | 6,616 | -3,135 | 7,977 |
Net cash flow stood at Rs 3,625 Crore in March 2025, compared to Rs -7,394 Crore in March 2024.
Balance Sheet:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | 369 | 341 | 334 | 301 | 302 |
| Reserves & Surplus | 79,191 | 77,364 | 65,394 | 66,996 | 46,462 |
| Current Liabilities | 60,626 | 66,065 | 69,963 | 57,551 | 43,299 |
| Other Liabilities | 100,556 | 84,428 | 75,387 | 71,637 | 58,254 |
| Total Liabilities | 240,742 | 228,198 | 211,078 | 196,485 | 148,317 |
| Fixed Assets | 144,830 | 141,498 | 126,490 | 116,666 | 97,147 |
| Current Assets | 70,736 | 64,534 | 68,150 | 65,374 | 35,852 |
| Other Assets | 25,176 | 22,166 | 16,438 | 14,445 | 15,318 |
| Total Assets | 240,742 | 228,198 | 211,078 | 196,485 | 148,317 |
| Contingent Liabilities | 35,146 | 35,134 | 35,839 | 31,250 | 48,432 |
Total liabilities were Rs 240,742 Crore in March 2025, compared to Rs 228,198 Crore in March 2024. Total assets were Rs 240,742 Crore in March 2025, compared to Rs 228,198 Crore in March 2024.
Financial Ratios:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 14.36 | 36.34 | 17.25 | 85.96 | 32.91 |
| Diluted Eps (Rs.) | 14.32 | 36.17 | 17.14 | 85.49 | 32.73 |
| Book Value [Excl. Reval Reserve]/Share (Rs.) | 260.64 | 261.56 | 222.72 | 227.69 | 152.80 |
| Dividend/Share (Rs.) | 2.80 | 7.30 | 3.40 | 17.35 | 6.50 |
| Face Value | 1 | 1 | 1 | 1 | 1 |
| Gross Profit Margin (%) | 13.97 | 16.70 | 11.79 | 27.69 | 25.96 |
| Operating Margin (%) | 8.46 | 12.03 | 7.29 | 23.59 | 20.10 |
| Net Profit Margin (%) | 2.25 | 5.22 | 2.57 | 13.67 | 9.85 |
| Return on Networth / Equity (%) | 4.40 | 11.34 | 6.30 | 30.70 | 16.91 |
| ROCE (%) | 7.93 | 12.99 | 8.57 | 24.85 | 15.28 |
| Return On Assets (%) | 1.45 | 3.86 | 1.96 | 10.51 | 5.33 |
| Current Ratio (X) | 1.17 | 0.98 | 0.97 | 1.14 | 0.83 |
| Quick Ratio (X) | 0.59 | 0.40 | 0.50 | 0.55 | 0.50 |
| Debt to Equity (x) | 1.21 | 1.10 | 1.20 | 1.04 | 1.11 |
| Interest Coverage Ratios (X) | 2.81 | 3.61 | 2.84 | 8.16 | 4.06 |
| Asset Turnover Ratio (%) | 0.72 | 0.80 | 0.71 | 0.76 | 53.82 |
| Inventory Turnover Ratio (X) | 4.58 | 2.64 | 2.83 | 2.92 | 5.60 |
| 3 Yr CAGR Sales (%) | 7.40 | 48.05 | 50.44 | 31.41 | 6.63 |
| 3 Yr CAGR Net Profit (%) | -56.42 | 7.78 | 3.28 | 62.80 | 13.87 |
| P/E (x) | 74.04 | 22.85 | 39.89 | 8.52 | 14.23 |
| P/B (x) | 4.08 | 3.26 | 3.15 | 3.28 | 3.02 |
| EV/EBITDA (x) | 17.33 | 11.25 | 13.62 | 6.77 | 8.66 |
| P/S (x) | 1.92 | 1.45 | 1.25 | 1.51 | 1.77 |
Corporate Actions:
JSW Steel's board is scheduled to meet on October 17, 2025, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025. The company has also announced the closure of the trading window.
Dividend History:
JSW Steel has consistently distributed dividends to its shareholders. The final dividend for 2025 was Rs 2.80 per share.
| Announce Date | Dividend Type | Dividend Per | Effective Date | Remarks | Dividend Amount |
|---|---|---|---|---|---|
| 2025-05-23 | Final | 280 | 08 Jul, 2025 | Rs.2.8000 per share(280%)Final Dividend | 2.80 |
| 2024-05-21 | Final | 730 | 09 Jul, 2024 | Rs.7.3000 per share(730%)Final Dividend | 7.30 |
| 2023-05-22 | Final | 340 | 11 Jul, 2023 | Rs.3.4000 per share(340%)Final Dividend | 3.40 |
| 2022-05-27 | Final | 1735 | 04 Jul, 2022 | Rs.17.3500 per share(1735%)Final Dividend | 17.35 |
| 2021-05-21 | Final | 650 | 05 Jul, 2021 | Rs.6.5000 per share(650%)Final Dividend | 6.50 |
Moneycontrol analysis indicates a very bullish sentiment for JSW Steel as of September 26, 2025.
With the stock currently trading at Rs 1,139.90, JSW Steel has experienced a slight decrease in today's session amid high volume.
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