JSW Steel Ltd Q1 FY27 Share Price & Earnings Call Analysis

Management guidance · Q1 FY27 call

JSW Steel Ltd ranks #6 of 9 in Ferrous Metals on what management guided

Revenue growth 10–20%Margin flat

Leading Ferrous Metals companies on guidance

  1. 1.Shri Hare-Krish.Revenue growth 40%+
  2. 2.Revenue growth 20–40%
  3. 3.Revenue growth 20–40%
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

53out of 100

Momentum score · price trend

53 out of 100 — Steady

Over the past year its share price has moved roughly in the middle of the stocks we track.

PeriodShare price changeBetter than … of 1,878 stocks
Last 12 months+6.3%60%
Last 6 months+9.0%44%
Last 3 months−0.6%57%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,878 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For JSW Steel Ltd: 0.4 × 60 + 0.4 × 44 + 0.2 × 57 = 53.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 5 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Financials of JSW Steel Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of JSW Steel Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +46,96242,21344,58441,94046,26942,94339,68441,37844,81943,14745,15245,99151,180
Expenses +39,03135,20136,72234,77640,24337,44534,30935,79938,68435,67138,12539,61242,716
Operating Profit7,9317,0127,8627,1646,0265,4985,3755,5796,1357,4767,0276,3798,464
OPM %17%17%18%17%13%13%14%13%14%17%16%14%17%
Other Income +465331826194242164-18950186350284-25618,229
Interest2,1381,9632,0841,9962,0622,0732,1302,1152,0942,2172,4132,3042,168
Depreciation2,0091,9002,0192,0592,1942,2092,2672,3362,4972,5372,5542,3622,148
Profit before tax4,2493,4804,5853,3032,0121,3807891,1781,7303,0722,3441,45722,377
Tax %12%30%40%26%34%37%49%39%13%28%30%-65%14%
Net Profit +3,7412,4282,7732,4501,3228674047191,5012,2091,6462,41019,243
EPS in Rs15.169.6711.299.885.313.461.802.936.158.936.648.7566.94

Financials of JSW Steel Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +52,97241,54655,60471,93384,75773,32679,839146,371165,960175,006168,824185,470
Expenses +43,60835,12443,29657,01765,82761,51359,661107,257147,490146,849146,099156,124
Operating Profit9,3646,42212,30814,91618,93011,81320,17839,11418,47028,15722,72529,346
OPM %18%15%22%21%22%16%25%27%11%16%13%16%
Other Income +103-1,96618-177196-2894731,6001,5611,5007318,607
Interest3,4933,6013,7683,7013,9174,2653,9574,9686,9028,1058,4129,102
Depreciation3,4343,3233,4303,3874,0414,2464,6796,0017,4748,1729,3099,601
Profit before tax2,539-2,4685,1287,65111,1683,01312,01529,7455,65513,3805,07729,250
Tax %32%-80%33%20%33%-30%34%30%27%33%31%13%
Net Profit +1,722-4813,4676,1137,5243,9197,87320,9384,1398,9733,49125,508
EPS in Rs7.43-1.3914.5725.7131.6016.6732.7385.4917.1436.0314.3391.26
Dividend Payout %19%-67%19%16%16%15%25%25%25%25%24%10%

Financials of JSW Steel Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital303301301302301301302301301305305305
Reserves21,98718,66522,34627,69634,49436,29845,30866,99665,39477,36479,19199,748
Borrowings +38,75442,20443,33439,39347,39661,42366,72772,23780,85387,98498,75299,310
Other Liabilities +24,61020,73722,02424,57932,60633,79834,82656,95163,99162,24562,19770,313
Total Liabilities85,65481,90788,00591,970114,797131,820147,163196,485210,539227,898240,445269,676
Fixed Assets +52,17656,14058,73057,84862,64462,08564,91799,880104,452112,461124,466117,552
CWIP8,2657,2714,3635,95011,88927,19132,56616,90522,16629,67621,00721,892
Investments5991,1951,3661,4691,8941,2597,4274,9404,8067,24615,21710,218
Other Assets +24,61317,30223,54626,70338,37041,28542,25374,76079,11578,51579,755120,014
Total Assets85,65481,90788,00591,970114,797131,820147,163196,485210,539227,898240,445269,676

Financials of JSW Steel Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +7,8766,8977,88812,37914,63312,78518,83126,27023,32312,07820,89925,152
Cash from Investing Activity +-7,372-3,857-5,094-4,529-11,387-19,589-9,410-14,748-10,730-14,467-17,01218,690
Cash from Financing Activity +-169-3,151-2,710-8,1851,7535,189-1,444-14,657-5,977-5,005-262-16,111
Net Cash Flow334-11184-3354,999-1,6157,977-3,1356,616-7,3943,62527,731
Free Cash Flow1,3621,7363,4987,7034,471187,91616,2228,574-3,4698,26410,610
CFO/OP92%111%66%93%91%118%103%81%130%53%101%97%

Financials of JSW Steel Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days172427243122211916161822
Inventory Days136135147118123130160208130151142124
Days Payable17520717214913716917119014913313255
Cash Conversion Cycle-23-482-717-17936-4332891
Working Capital Days-58-105-66-36-63-96-93-24-50-29-19-14
ROCE %10%5%14%18%20%9%15%28%8%13%8%11%

Continue your research

What JSW Steel Ltd's management said in earlier quarters

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