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JSW Steel share price & results

JSW Steel· Metals & Mining· Commodities

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's largest steelmaker, 35.7 MTPA capacity across 19 plants in India and the US

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue54,486 ₹ crore+20.7% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin19.0 %+3.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit5,359 ₹ crore+225.6% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity13.85 %+5.3 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin5.72 %+0.8 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)14.05 %+13.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

6 of 12 judged targets kept · 18 open · verdicts reflect calls analysed to Q1 FY27.

JSW Steel management guidance track record on Inve: 30 targets tracked across analysed earnings calls (6 achieved, 6 missed, 18 open).

TargetOriginal wordingSaidLatest callVerdict
Net Debt to EBITDA Comfort Levelbelow 2.5x
Call transcript, Q4 FY26 · 14 May 2026		Q4 FY26Q1 FY27:Net debt to EBITDA leverage dropped to 1.46x, well below the comfort level of 2.5x.
Call transcript, Q1 FY27 · 17 Jul 2026		Achieved
Q1 FY27 Coking Coal Cost Changehigher by $12 to $15 per ton
Call transcript, Q4 FY26 · 14 May 2026		Q4 FY26Q1 FY27:Actual coking coal price increase was ~$17 per ton in Q1, which is higher than the guided range of $12 to $15 per ton.
Call transcript, Q1 FY27 · 17 Jul 2026		Missed
India Capacity by FY3150+ million tonnes
Call transcript, Q3 FY26 · 23 Jan 2026		Q3 FY26Q4 FY26:Guidance revised upwards and timeline extended. New target is 62 million tonnes by FY32 for JSW standalone.
Call transcript, Q4 FY26 · 14 May 2026		Revised Up

Source: Inve Guidance Tracker for JSW Steel · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

6 of JSW Steel's 30 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 27 more targets are in the full ledger.

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Price

₹1,260 +6.28% · +₹74.5

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance +10.4% 1Y

₹1.1k₹1.2k₹1.3kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 24 Oct 2025Q3 FY26 — 23 Jan 2026Q4 FY26 — 14 May 2026Q1 FY27 — 17 Jul 2026

1Y: ₹1,141.4 on 24 Oct 2025 → ₹1,260. High ₹1,341 (26 Aug 2026), low ₹1,079.3 (17 Dec 2025).

Previous close
₹1,185.5
Market cap
₹3.1L Cr
52-week range
₹1,079.3 – ₹1,341
One year
+9.51%
Price to earnings (TTM to Sept 2026)
19.47×
Return on equity (TTM to Sept 2026)
13.85%

Overview

Symbol
NSE:JSWSTEEL
Industry
Commodities
Exchange
NSE
Currency
INR

What JSW Steel does

Based on the company's own presentations, annual report and earnings calls.

JSW Steel is India's largest steelmaker, producing flat products (hot- and cold-rolled, galvanised/galvalume, electrical, colour-coated and tin plate) and long products (TMT bars, wires and special alloy steel) for infrastructure, automotive, energy, railways and defence customers. It operates integrated and downstream plants across India plus overseas plate and pipe operations, backed by captive iron ore mines and captive power generation. The company reaches end-users through a large retail and branded-store network and also runs the JSW One digital B2B platform.

Segments

  • Flat products
  • Long products
  • Overseas operations
Market position
India's largest steelmaker
Consolidated installed steel capacity
35.7 MTPA
Manufacturing units
16 domestic + 3 international
Downstream flat products capacity
~13.5 MTPA
Captive power plant capacity
~2,000 MW
Captive iron ore mines
23
Headquarters Mumbai, IndiaEmployees 28,166 (FY2024-25) Company website

How the price took the results

close before → close after

Q1 FY27
+1.3%
17 Jul
Q4 FY26
+1.7%
14 May
Q3 FY26
−1.2%
23 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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