JSW Steel Ltd.
NSE: JSWSTEELJSW Steel Ltd.: A 30-second snapshot
JSW Steel trades at ₹1,284, up 32.21% over 12 months and within 3.31% of its 52-week high, with RSI at 50.72 (neutral) and price above both the 50-DMA (₹1,249) and 200-DMA (₹1,180). Trailing PE of 14.08 is the lowest among tracked sector peers, while ROE of 27.26% and profit margin of 12.03% lead the group. A debt-to-equity of 94.16 and a one-time earnings distortion from a BPSL JV gain are the dominant fundamental caveats.
P/E
14.1
Forward P/E
17.6
ROE
+27.3%
Debt / Equity
94.16
Profit Margin
+12.0%
Div. Yield
+0.6%
5Y ROE > 15%
1/5
5Y FCF > 0
3/5
Quality
50/100
News
6 headlines · 0 positive · 3 negative
JSW Steel Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026 - marketscreener.com
marketscreener.com
We Think That There Are Issues Underlying JSW Steel's (NSE:JSWSTEEL) Earnings - simplywall.st
simplywall.st
Tata Steel, SAIL, JSW Steel shares slip up to 4%: Check target prices post Q4 results - Business Today
Business Today
JSW Steel Ltd stock (INE019A01038): Rating cut to Hold amid valuation premium - AD HOC NEWS
AD HOC NEWS
JSW Steel uploads investor presentation under Regulation 30 - scanx.trade
scanx.trade
Recent context
- ·JSW Steel reported Q4 FY26 results on or around 2026-05-14; associated press coverage was neutral in tone, while steel-sector shares including JSWSTEEL, Tata Steel, and SAIL slipped up to 4% in the session following the results (Business Today, 2026-05-18).
- ·An unnamed broker cut its rating citing a valuation premium (AD HOC NEWS, 2026-05-12); a simplywall.st analysis published 2026-05-22 separately raised questions about issues underlying the company's earnings quality.
- ·JSW Steel filed an investor presentation under Regulation 30 on 2026-06-04, the most recent corporate disclosure in the sample; no detail on content is available from the headline alone.
Strengths
- +Trailing PE of 14.08 ranks 1st (lowest) of 6 tracked sector peers, placing JSW Steel at the cheapest valuation in the group on this metric.
- +ROE of 27.26% and profit margin of 12.03% are the highest readable figures among the 6 sector peers (next-best ROE is Hindustan Zinc at 76.94%, though that peer carries a quality score of 72 vs JSWSTEEL 45).
- +Price is above both the 50-DMA (₹1,249) and 200-DMA (₹1,180), with a 52-week drawdown of only 3.31%, reflecting sustained price strength over the past year.
- +Revenue has grown at a 5-year CAGR of 14.2%, demonstrating consistent top-line expansion even across varied steel-cycle conditions.
Weaknesses
- −Debt-to-equity of 94.16 is extremely elevated for a cyclical metals business; FCF was positive in only 3 of tracked years and the consistency score of 47/100 indicates limited balance-sheet buffer against a commodity downturn.
- −The 991.8% five-year earnings growth figure is distorted by a one-time BPSL JV gain in Q4 FY26; forward PE of 17.64 exceeds trailing PE of 14.08, with the market pricing in an earnings step-down from the current elevated year.
- −ROE exceeded 15% in only 1 of the tracked years despite the current headline of 27.26%, suggesting the return profile is not structurally persistent across the business cycle.
- −News flow is skewed negative (3 negative, 3 neutral, 0 positive from 6 recent items), with a broker downgrade citing a valuation premium and a third-party analysis questioning the quality of reported earnings.
Open questions
- ?Does the current ROE of 27.26% and Q4 FY26 earnings figure reflect the company's normalised earning power, or is it primarily a function of the one-time BPSL JV gain — and what do the prior four years of earnings look like on a comparable basis?
- ?How does a D/E of 94.16 compare with the company's historical leverage range, and what level of EBITDA is required to service this debt load through a trough in steel prices?
- ?Given that forward PE of 17.64 exceeds trailing PE of 14.08, what consensus earnings estimate is implied for FY27, and how sensitive is that estimate to a 10-15% move in hot-rolled coil prices?
- ?With 1Y price-change data unavailable for all five sector peers, how has JSWSTEEL's 32.21% 12-month return compared with a broader steel or metals index over the same period?
Peer comparison: Metals
Ranks 3 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| JSWSTEEL | JSW Steel Ltd.You're viewing | 14.1 | +27.3% | 45 |
| Industry avg | across 5 peers | 27.3 | +23.8% | 41 |
| HINDZINC | Hindustan Zinc Ltd. | 17.3 | +76.9% | 72 |
| TATASTEEL | Tata Steel Ltd. | 23.9 | +11.2% | 47 |
| JINDALSTEL | Jindal Steel Ltd. | 35.6 | +6.8% | 34 |
| HINDALCO | Hindalco Industries Ltd. | 18.1 | +10.3% | 31 |
| ADANIENT | Adani Enterprises Ltd. | 41.5 | +13.7% | 19 |
Technical state
Current price
₹1,284.00
SMA 50
₹1,248.89
SMA 200
₹1,179.82
RSI (14)
50.7 (neutral)
From 52w high
-3.3%
1Y return
+32.2%
3M return
+2.9%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highDebt-to-equity of 94.16 is extremely elevated for a cyclical metals producer; FCF was positive in only 3 of tracked years and the persistence consistency score is 47/100, indicating fragile balance-sheet resilience across a full commodity cycle.
- highFive-year earnings growth of 991.8% is anomalous and traceable to a one-time BPSL JV gain in Q4 FY26. The trailing PE of 14.08 and forward PE of 17.64 computed off this base may not reflect normalised earning power; forward PE exceeds trailing PE, implying an expected earnings step-down.
- mediumROE of 27.26% exceeded 15% in only 1 of the tracked years (persistence roeYearsAbove15 = 1), suggesting the current headline return is not representative of the multi-year return profile.
- mediumNews sentiment is negative overall (3 negative vs 3 neutral, 0 positive across 6 items). An unnamed broker cut its rating amid a valuation premium concern (AD HOC NEWS, 2026-05-12); a simplywall.st analysis flagged issues underlying the reported earnings (2026-05-22). The small news sample (6 items) limits robustness of this read.
- lowPrice-change-1Y data is null for all 5 sector peers, making 1Y relative-performance ranking unavailable. JSW Steel ranks 1st of 6 on trailing PE (lowest, i.e. cheapest) and 2nd of 6 on quality score (45 vs sector-high 72 for Hindustan Zinc) among available peers.
Cross-section contradictions
- Headline ROE of 27.26% and profit margin of 12.03% are the strongest readable figures among sector peers, yet ROE exceeded 15% in only 1 tracked year and the persistence consistency score is 47/100 — the headline metrics appear to reflect a single exceptional year rather than a durable multi-year profile.
- Price is within 3.31% of its 52-week high and up 32.21% over 12 months while above both the 50-DMA (₹1,249) and 200-DMA (₹1,180), yet the earnings base driving those returns includes a material one-time gain and FCF has been positive in only 3 of tracked years — price momentum and underlying cash-generation consistency are diverging.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 6 Jun 2026 · rotates through NIFTY 500 every ~5 days