It all started in 1982. What began as Jindal Iron and Steel Company soon transformed into JSW Steel in 2005, under the larger umbrella of the $23 billion JSW Group. From modest beginnings, JSW Steel has evolved into one of India’s largest steelmakers with a strong international presence. Headquartered in Mumbai, the company operates advanced manufacturing units across Karnataka, Maharashtra, and Tamil Nadu. Its journey is tightly woven with India’s infrastructure growth story.
Where Does JSW Steel Stand Today in the Stock Market?
Fast forward to May 26, 2025, JSW Steel is trading at ₹1,004.40. It hit a high of ₹1,075 and a low of ₹824 this past year. Over the last 15 trading sessions, the stock has gained over 5%, showing decent short-term strength.
Source: StockPriceArchive.com
How Big is JSW Steel Compared to Its Competitors?
Let’s talk size. JSW Steel commands a market cap of ₹2,45,621 crore, making it one of India’s steel giants. With a P/E ratio of 64.4 and a dividend yield of 0.72%, the company is trading at a valuation premium, largely due to investor confidence and growth expectations.
How Does It Compare with Peers Like Tata Steel and SAIL?
To better understand JSW’s position, here’s a head-to-head snapshot with its peers:
| Company | CMP (₹) | P/E | Market Cap (₹ Cr) | Div. Yield (%) | NP (₹ Cr) | Qtr Profit Var (%) | Sales (₹ Cr) | Qtr Sales Var (%) | ROCE (%) |
|---|---|---|---|---|---|---|---|---|---|
| JSW Steel | 1004.40 | 64.45 | 245621.37 | 0.72 | 1501.00 | 17.42 | 44819.00 | -3.13 | 8.03 |
| Tata Steel | 163.85 | 58.51 | 204542.59 | 2.19 | 1200.88 | 90.93 | 56218.11 | -4.21 | 9.08 |
| Jindal Steel | 965.00 | 27.47 | 98438.48 | 0.21 | -303.59 | -41.03 | 13183.13 | -2.25 | 10.84 |
| Tube Investments | 3040.00 | 86.71 | 58822.12 | 0.11 | 158.19 | -75.44 | 5149.96 | 14.70 | 21.55 |
| Jindal Stainless | 662.95 | 21.82 | 54611.83 | 0.45 | 589.96 | 18.63 | 10198.32 | 7.87 | 18.18 |
| SAIL | 126.60 | 17.92 | 52292.42 | 1.57 | 141.89 | -64.61 | 24489.91 | 4.89 | 8.10 |
| APL Apollo Tubes | 1841.20 | 67.51 | 51097.84 | 0.30 | 293.11 | 71.97 | 5508.60 | 15.59 | 22.80 |
Source: Screener.in (May 26, 2025)
JSW’s premium valuation stands out. But profitability metrics like ROCE and sales growth trail behind midcap peers such as APL Apollo Tubes and Tube Investments.
We have done stock evaluations of companies like Tata Steel, SAIL, and Jindal Stainless. Don’t shy away from pressing the link and be more aware.
What Does JSW Steel Actually Make?
From construction sites to aerospace, JSW Steel’s products touch nearly every corner of industrial India. Here’s what they manufacture:
- Flat Products: Hot-rolled and cold-rolled coils, galvanized steel
- Long Products: TMT bars, wire rods
- Value-Added Products: Colour-coated and electrical steel
These products find application across automobiles, construction, energy, and infrastructure.
Who Buys from JSW Steel?
The company serves a prestigious clientele:
- Indian Railways and Delhi Metro: Steel for rails and structures
- ISRO: Aerospace-grade steel
- BHEL: Energy sector components
- APL Apollo, Ruchi Soya: Heavy industrial and consumer goods
Source: Sovrenn
Has JSW Ever Promoted Its Brand Publicly?
Yes, notably in 2022. The “Always Around” campaign emphasized how JSW steel silently supports everyday life—from metro rails to appliances. The campaign aired across TOI, NDTV, and Cricbuzz.
Source: JSWSteel.in
What’s the Latest Buzz Around JSW?
In May 2025, the Supreme Court annulled its ₹19,350 crore acquisition of Bhushan Power & Steel (BPSL), citing Insolvency and Bankruptcy Code violations. This decision impacts JSW’s expansion plans in eastern India and puts a dent in expected EBITDA growth.
Source: Economic Times
Where is JSW Steel Headed Next?
JSW is working toward reaching 50 MTPA steel capacity by FY31. Key milestones:
- Building a 13.2 MTPA greenfield facility in Odisha
- Investing ₹110 million in Texas to manufacture specialty steel for US offshore wind
- Expanding coated product lines for India’s infrastructure push under Gati Shakti
Source: LiveMint
What’s the Outlook for the Indian Steel Sector?
India ranks second globally in steel production. Here’s what’s shaping its future:
- ₹100 lakh crore worth of infra projects under NIP
- Local sourcing promoted by “Make in India”
- PLI schemes encouraging specialty steel innovation
Still, challenges like global slowdown, raw material cost, and carbon neutrality targets continue to cast shadows.
What Could Go Wrong for JSW Steel?
While JSW has ambitious plans, risks remain:
- Import Dependence: Over 85% of India’s coking coal is imported; JSW’s sourcing from Mongolia faces logistical bottlenecks
- Legal Setbacks: The BPSL ruling has regulatory implications
- Sustainability Push: Adapting to green steel standards is capital-intensive
- Global Price Volatility: Steel remains cyclical and demand-sensitive
Source: Reuters
Is the Government Supporting Companies Like JSW?
Yes. JSW benefits from:
- Steel Scrap Policy for sustainable recycling
- PLI for Specialty Steel for tech innovation
- Priority allocation in infra projects through central/state schemes
What Do Analysts Think Right Now?
Brokerages remain divided:
- Jefferies: ‘Hold’ with a price target of ₹880
- Nomura: ‘Reduce’ with a target of ₹605
Source: MarketScreener
Is JSW Steel a Fit for Your Investment Strategy?
Possibly Suitable For:
- Long-term investors betting on India’s infrastructure growth
- Portfolios seeking exposure to core industries
Probably Not Ideal For:
- ESG-aligned portfolios avoiding carbon-heavy sectors
- Investors seeking high and stable dividend income
JSW Steel’s story is still unfolding—with big goals, occasional stumbles, and an eye on the future. This deep dive offers a 360-degree look at where the company stands, where it’s going, and what could get in the way. Always remember: your own research should lead the way.
