JSW Steel Limited (NSE: JSWSTEEL): Although JSW Steel shares are trading in the Market experts are optimistic about it. Soon, JSW will reach a price of 1000 rupees.
A domestic brokerage company is aiming for a price target of Rs 992 and has an investment grade Buy in one note.
In the meantime, A top Securities firm has kept the price for JSW Steel shares at Rs 1050 and has issued Buy advice.
Buy, Sell, Or Hold JSW
The stock today was trading at 826.40 and was able to show a small drop. The stock is down 5.79 percent during the first quarter of the year.
Despite this, out of 27 analysts five have been rated as Strong Buy and the same number of analysts recommend buying.
While 8 have been recommended to hold. A total of 9 have urged selling. Of those, 3 have given a strong Sell rating.
Foreign Investors Are Disappointed
The pattern of shareholding for JSW is that promoters’ share in it has been set at 44.80 percent.
Based on the September quarter’s data, 14.12 percent of these shares are mortgaged. However international institutional investors are drawn to the steel stocks.
Their stake increased to 26.13 percent during the September quarter, in contrast to a 25.98 percent stake at the end of June.
Domestic investors have decreased the percentage of stakes between 9.59 percent to 9.47 percent.
The mutual funds have an overall 2.54 percent stake. This is up from 2.20 percent in the June quarter. The proportion of other funds is 19.60 percent.
JSW Dividend History
JSW Steel announced to offer of a 340 percent dividend on the 22nd of May in 2023. The ex-date for which was the 11th of July.
In 2022, JSW Steel offered a record-breaking payout of 1735 percent. The company has paid a yield of 700 percent for 2021, while it will be 200 percent by 2020.
About JSW Steel Limited
JSW Steel Limited is an Indian-based Steel Company. It’s in the making and selling of products from steel. It was founded in the year 1994.
JSW Steel is one of India’s top integrated steel manufacturers with the capability of up to 18 MTPA.
The steel products it produces comprise semis, hot-rolled, galvanized steel, cold-rolled steel, color-coated steel, and long-length products.
The bulk of the steel products are utilized in Indian construction, automobile infrastructure, engineering as well as consumer-related industries.
The company earns the majority of its revenues in India. It is among the companies that are growing fastest in India with an international presence of more than 100 countries.
Fundamental Analysis of JSW Steel Limited
| Market Cap | ₹ 2,00,955 Cr. |
| Current Price | ₹ 822 |
| 52-wk High | ₹ 896 |
| 52-wk Low | ₹ 649 |
| Stock P/E | 22.6 |
| Book Value | ₹ 302 |
| Dividend | 0.41 % |
| ROCE | 8.33 % |
| ROE | 5.64 % |
| Face Value | ₹ 1.00 |
| P/B Value | 2.72 |
| OPM | 15.8 % |
| EPS | ₹ 38.1 |
| Debt | ₹ 81,874 Cr. |
| Debt to Equity | 1.11 |
JSW Steel Limited Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 900 | ₹ 1080 |
| 2025 | ₹ 1100 | ₹ 1340 |
| 2026 | ₹ 1350 | ₹ 1500 |
| 2027 | ₹ 1725 | ₹ 1860 |
| 2028 | ₹ 1960 | ₹ 2000 |
| 2029 | ₹ 2200 | ₹ 2315 |
| 2030 | ₹ 2400 | ₹ 2600 |
JSW Steel Limited Shareholding Pattern
| Promoters Holding | |
| Sept 2022 | 45.20% |
| Dec 2022 | 45.20% |
| Mar 2023 | 45.41% |
| June 2023 | 45.41% |
| Sept 2023 | 44.79% |
| FII Holding | |
| Sept 2022 | 10.75% |
| Dec 2022 | 26.04% |
| Mar 2023 | 26.01% |
| June 2023 | 25.98% |
| Sept 2023 | 26.13% |
| DII Holding | |
| Sept 2022 | 9.25% |
| Dec 2022 | 9.34% |
| Mar 2023 | 9.47% |
| June 2023 | 9.59% |
| Sept 2023 | 9.50% |
| Govt. Holding | |
| Sept 2022 | 0.51% |
| Dec 2022 | 0.51% |
| Mar 2023 | 0.51% |
| June 2023 | 0.51% |
| Sept 2023 | 0.51% |
| Public Holding | |
| Sept 2022 | 33.70% |
| Dec 2022 | 18.35% |
| Mar 2023 | 18.07% |
| June 2023 | 17.99% |
| Sept 2023 | 18.64% |
| Others Holding | |
| Sept 2022 | 0.60% |
| Dec 2022 | 0.57% |
| Mar 2023 | 0.53% |
| June 2023 | 0.51% |
| Sept 2023 | 0.43% |
JSW Steel Limited Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 84,757 Cr |
| 2020 | ₹ 73,326 Cr |
| 2021 | ₹ 79,839 Cr |
| 2022 | ₹ 146,371 Cr |
| 2023 | ₹ 172,893 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 7,524 Cr |
| 2020 | ₹ 3,919 Cr |
| 2021 | ₹ 7,873 Cr |
| 2022 | ₹ 20,938 Cr |
| 2023 | ₹ 9,416 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.03 |
| 2020 | 1.45 |
| 2021 | 1.11 |
| 2022 | 1.04 |
| 2023 | 1.2 |
Last 10 Years’ Profit Growth:
| 10 Years: | 13% |
| 5 Years: | -10% |
| 3 Years: | -6% |
| Current Year: | 18% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 17% |
| 5 Years: | 19% |
| 3 Years: | 20% |
| Last Year: | 6% |
Sales Growth Over 10 Years:
| 10 Years: | 16% |
| 5 Years: | 18% |
| 3 Years: | 31% |
| Current Year: | 5% |
Company’s Positive Signs:
- The company has maintained a prestigious payout of 24.9 percent.
Company’s Negative Signs:
- The proportion of promoters owning company shares fell this quarter to -0.61 percent.
Conclusion
This article is a complete guide about JSW Steel Limited Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Also Read: 10635% Return! Share Was ₹103 In 2021; Upper Circuit After Bonus, Stock Split News
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
