Basic Materials · NSE/BSE: JSWSTEEL
JSW Steel Limited
Steel
Market Cap ₹3.12L Cr
Verdict: Average
Quality Scores
Multi-Bagger
74/100
Compounder Quality
69/100
Management Credibility
85/100
Governance
78/100
Cash Flow Quality
72/100
AI Summary
JSW Steel is the flagship entity of the USD 24 billion JSW Group and a primary player in the Indian steel sector. Over the last decade, the company has grown its sales at a 16% CAGR, though profitability has been subject to the extreme cyclicality of the iron and steel industry. The company maintains an aggressive growth posture with massive capital expenditures, as evidenced by CWIP levels frequently exceeding 20% of net block. While revenue scale is impressive, return metrics (ROE 10.1%, ROCE 10.9%) remain near the cost of capital. A recent anomaly in FY26 involves an other income spike of…
Top Opportunities
- Consistent 10-year revenue growth of 16%
- Aggressive capacity expansion strategy
- Increasing promoter holding over 10 years
Top Risks
- High sensitivity to global steel prices
- Massive debt load nearing 1 Lakh Crore
- Highly cyclical profit volatility (PAT 20k to 4k)
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