Shares of JSW Steel reached an all-time high of Rs 1,074.90 on the NSE in Thursday's session, before closing at Rs 1,070.80. This represents a 1.73% increase from the previous day's close, marking a significant milestone for the company's stock performance.
Financial Performance:JSW Steel has demonstrated robust financial performance over the past few years. Here's a summary of the company's consolidated financials:
Quarterly Results:The company's quarterly performance shows consistent revenue generation. Key figures include:
| Heading | 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 |
The revenue for the quarter ending June 2025 was Rs 43,147.00 Crore, slightly up from Rs 42,943.00 Crore in June 2024. The net profit for the same period significantly increased to Rs 2,309.00 Crore, compared to Rs 879.00 Crore in the previous year. The EPS also saw a substantial rise, reaching 8.95 in June 2025 from 3.47 in June 2024.
Annual Results:The yearly performance provides a broader view of JSW Steel's financials:
| Heading | 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 |
The annual revenue for the year 2024 was Rs 175,006.00 Crore, which decreased to Rs 168,824.00 Crore in 2025. Net profit also saw a decrease from Rs 9,145.00 Crore in 2024 to Rs 3,802.00 Crore in 2025. The EPS decreased from 36.34 in 2024 to 14.36 in 2025. The debt-to-equity ratio has remained relatively stable, fluctuating between 1.04 and 1.21 over the five-year period.
Annual Income Statement:| Annual | 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 figures show a decrease from Rs 175,006 in March 2024 to Rs 168,824 in March 2025. Total expenditure increased from Rs 154,353 in March 2024 to Rs 155,718 in March 2025. The EBIT decreased from Rs 21,657 in March 2024 to Rs 13,800 in March 2025.
Quarterly Income Statement:| Quarterly | 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 figures show an increase from Rs 42,943 in June 2024 to Rs 43,147 in June 2025. Total expenditure decreased from Rs 39,642 in June 2024 to Rs 38,108 in June 2025. The EBIT increased from Rs 3,465 in June 2024 to Rs 5,389 in June 2025.
| Cash Flow From | 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 |
The cash flow from operating activities was Rs 20,899 in March 2025, compared to Rs 12,078 in March 2024. Investing activities resulted in an outflow of Rs -16,997 in March 2025 and Rs -14,638 in March 2024.
Balance Sheet:| Equities & Liabilities | 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 |
| Assets | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
| 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 |
| Other Info | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
| Contingent Liabilities | 35,146 | 35,134 | 35,839 | 31,250 | 48,432 |
The total assets increased from Rs 228,198 in March 2024 to Rs 240,742 in March 2025. Fixed assets also saw an increase from Rs 141,498 to Rs 144,830 during the same period.
Financial Ratios:Key financial ratios provide insights into the company's performance and financial health:
| 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 |
JSW Steel has been actively involved in several corporate actions. Recent announcements include:
The company announced a final dividend of Rs 2.80 per share on May 23, 2025, with an effective date of July 08, 2025. Other dividends include Rs 7.30 per share in 2024, Rs 3.40 per share in 2023, Rs 17.35 per share in 2022 and Rs 6.50 per share in 2021.
Market Outlook & Investor Sentiment:According to a Moneycontrol analysis as of August 1, 2025, the sentiment on JSW Steel is neutral.
With the stock reaching its all-time high at Rs 1,074.90, JSW Steel showcases its strong presence in the Nifty 50 index.
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