JSW Steel share price
NSE: JSWSTEELBSE: 500228Ferrous MetalsLarge Cap
Formerly Jindal Vijayanagar Steel
Last close ₹1,185.50down ₹34.50 (2.83%)BSE ₹1,187.00
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,220.00.
52-week range of traded prices to 23 Oct 2026
₹1,073.20Low, 18 Dec 2025₹1,351.00High, 27 Aug 2026
- Next results date: the board meets on 23 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹2,89,909 Cr26th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 17 Jul 2026
- 11.7
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹17,359 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 39.1
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 14 May 2026
- 2.9
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.60%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 17 Jul 2026
- 27.6%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹17,359 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 8.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 17 Jul 2026
- 11.2%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.91
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 22,78,71649.2% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Sep 2026, against the quarter beforeFiled 23 Oct
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹54,486 Crup 15.04%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹5,359 Crup 14.12%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 9.8%
Revenue by year
Peak revenue ₹1,85,470 Cr, year to Mar 2026
Net profit by year, a loss in red
| ₹ crore | Dec 2024Filed 24 Jan | Mar 2025Filed 12 Jun | Jun 2025Filed 18 Jul | Sep 2025Filed 17 Oct | Dec 2025Filed 23 Jan | Mar 2026Filed 14 May | Jun 2026Filed 17 Jul | Sep 2026Filed 23 Oct |
|---|---|---|---|---|---|---|---|---|
| Revenue | 41,378 | 44,819 | 43,147 | 45,152 | 45,991 | 51,180 | 47,364 | 54,486 |
| Net profit | 719 | 1,501 | 2,209 | 1,646 | 2,410 | 19,243 | 4,696 | 5,359 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 1.7% | 3.3% | 5.1% | 3.6% | 5.2% | 37.6% | 9.9% | 9.8% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Manufacturing of steel, which carries all its revenue.
Valuation
Today, against the company's own history.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 73% of 2,272 trading days since May 2017.
LowestHighest
Its median20.1Industry median16.4
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 61% of 1,981 trading days since Oct 2018.
LowestHighest
Its median2.8Industry median2.0
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.10.9
At or below today's level on 56% of 1,981 trading days since Oct 2018.
LowestHighest
Its median10.1Industry median8.1
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 36% of 2,457 trading days over the last 10 years.
LowestHighest
Its median0.78%Industry median0.58%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +6.2% | +536.7% | −83.4% | 0.6% |
| 3 years | +18.3% | +74.4% | −32.5% | 0.6% |
| 5 years | +20.0% | +22.7% | −2.9% | 0.9% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2023, Mar 2025 and Mar 2026.
Mutual funds holding it
304 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 152 of the 187 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.Mutual fund holdings
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 125
- CutCut. Funds that held fewer shares than at the end of the month before.
- 62
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 115
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 3
| Fund | |||
|---|---|---|---|
 SBI Nifty 50 ETFSBI Mutual Fund | 1,86,72,530 | 1.15% | ₹2,340.4 Cr |
 HDFC Flexi Cap FundHDFC Mutual Fund | 1,25,67,750 | 1.45% | ₹1,575.2 Cr |
 UTI Nifty 50 ETFUTI Mutual Fund | 64,03,657 | 1.15% | ₹802.6 Cr |
 Nippon India ETF Nifty 50 BeESNippon India Mutual Fund | 59,94,422 | 1.15% | ₹751.3 Cr |
| SBI Arbitrage FundSBI Mutual Fund | 58,27,950 | 1.58% | ₹730.5 Cr |
| HDFC Arbitrage FundHDFC Mutual Fund | 47,10,825 | 2.32% | ₹590.5 Cr |
 Kotak Arbitrage FundKotak Mahindra Mutual Fund | 44,69,175 | 0.74% | ₹560.2 Cr |
 ICICI Prudential Nifty 50 ETFICICI Prudential Mutual Fund | 39,30,467 | 1.15% | ₹492.6 Cr |
| SBI Large Cap FundSBI Mutual Fund | 31,00,000 | 0.74% | ₹388.6 Cr |
| SBI Midcap FundSBI Mutual Fund | 30,00,000 | 1.62% | ₹376.0 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Peers and competitors
Iron & Steel, 15 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to JSW Steel in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Tata SteelTATASTEEL | 2,09,311 | 19.0 | 2.0 | 8.1 | +10.5% | +143.1% | 11.4% | 11.9% | 2.39% |
 Jindal SteelJINDALSTEL | 1,03,631 | 38.1 | 2.0 | 13.0 | +16.5% | −8.4% | 5.5% | 8.0% | 0.20% |
 Steel Authority of IndiaSAIL | 67,881 | 15.9 | 1.1 | 7.4 | +6.4% | +40.8% | 7.2% | 7.9% | 1.43% |
 Jindal StainlessJSL | 56,671 | 17.0 | 2.7 | 10.6 | +11.7% | +20.6% | 17.0% | 16.0% | 0.58% |
 Sarda Energy & MineralsSARDAEN | 15,644 | 13.8 | 2.1 | 9.5 | +5.9% | +20.8% | 16.5% | 14.6% | 0.45% |
 NMDC SteelNSLNISP | 11,007 | 131.6 | 0.8 | 9.8 | +41.6% | – | 0.6% | 2.7% | 0.00% |
 Vedanta Iron and SteelVISL | 10,253 | – | – | – | – | – | – | – | 0.00% |
 Sandur Manganese & Iron OresSANDUMA | 7,611 | 10.6 | 2.3 | 6.8 | +45.2% | +45.7% | 24.5% | 24.4% | 0.32% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.Highest ₹17.35 a share, year to Mar 2022.
| Ex-date | Type | Per share |
|---|---|---|
| 7 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹7.10 |
| 8 Jul 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.80 |
| 9 Jul 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹7.30 |
| 11 Jul 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹3.40 |
| 4 Jul 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹17.35 |
| 5 Jul 2021 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹6.50 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
23 Oct · Board meeting
9 Oct · Analysts
JSW Steel share price by year
Each calendar year to 2025.JSW Steel share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,164.80 | +29.2% | 1,210.00 | 883.75 |
| 2024 | 901.50 | +2.4% | 1,039.10 | 780.65 |
| 2023 | 880.25 | +14.6% | 880.80 | 657.80 |
| 2022 | 768.05 | +17.1% | 769.40 | 528.45 |
| 2021 | 655.95 | +69.4% | 763.25 | 366.85 |
| 2020 | 387.20 | +43.4% | 387.20 | 140.70 |
| 2019 | 270.05 | −12.0% | 308.85 | 205.75 |
| 2018 | 306.75 | +13.7% | 417.05 | 264.55 |
| 2017 | 269.80 | +65.8% | 271.30 | 163.05 |
| 2016 | 162.75 | +57.7% | 186.26 | 97.25 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 1,220.00 | 1,223.70 | 1,181.90 | 1,185.50 | 1,196.95 | 22,78,716 | 49.2% |
| 22 Oct 2026 | 1,222.00 | 1,227.80 | 1,200.30 | 1,220.00 | 1,215.55 | 13,33,179 | 49.0% |
| 21 Oct 2026 | 1,245.00 | 1,260.90 | 1,216.10 | 1,222.90 | 1,237.36 | 12,51,287 | 43.0% |
| 19 Oct 2026 | 1,216.30 | 1,247.20 | 1,211.30 | 1,241.30 | 1,236.21 | 33,20,243 | 55.6% |
| 16 Oct 2026 | 1,206.00 | 1,230.80 | 1,194.10 | 1,216.30 | 1,221.57 | 26,10,240 | 56.0% |
| 15 Oct 2026 | 1,176.00 | 1,209.20 | 1,168.90 | 1,200.40 | 1,196.54 | 15,47,603 | 43.4% |
| 14 Oct 2026 | 1,176.00 | 1,184.40 | 1,158.00 | 1,176.20 | 1,172.30 | 29,49,881 | 56.2% |
| 13 Oct 2026 | 1,172.00 | 1,179.10 | 1,165.00 | 1,176.60 | 1,173.13 | 7,66,518 | 45.3% |
| 12 Oct 2026 | 1,174.00 | 1,187.60 | 1,163.60 | 1,173.00 | 1,173.95 | 9,73,895 | 46.5% |
| 9 Oct 2026 | 1,185.00 | 1,192.00 | 1,163.30 | 1,168.00 | 1,171.89 | 10,84,351 | 31.9% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 4 Jan 2017 | Split | 0.1000 | Each share became 10. |
| 31 Oct 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.
About JSW Steel
JSW Steel Limited is an integrated steel company in India. It supplies steel to sectors such as infrastructure, automotive, energy, railways and defence, and has an export presence in more than 100 countries. Its operations run from mining and raw material processing through steelmaking to downstream value-added products. Flat products include hot rolled, cold rolled, galvanised, colour coated and electrical steel, and tin plate. Long products include TMT bars, wire rods and special alloy steel.
Its steel plants include Vijayanagar in Karnataka, Dolvi, Salem and Raigarh. Downstream facilities include Anjar, Vasind and Khopoli. The company has 25 captive iron ore mines, 13 of them operating, and holds iron ore reserves in Karnataka, Odisha and Goa. It also has coking coal interests in Jharkhand, Australia and Mozambique. Outside India it has units in the United States, at Ohio and Baytown, and in Italy, at Piombino.
The company has grown from a single manufacturing unit. In March 2026 it transferred the steel business of Bhushan Power and Steel Limited to JSW JFE Steel Limited, a 50:50 joint venture with JFE Steel Corporation of Japan. The same month it completed the buyout of a coking coal asset in Mozambique. It holds a 30% economic interest in the Illawarra coking coal mines in Australia. JSW JFE Electrical Steel, another 50:50 joint venture with JFE, acquired thyssenkrupp's electrical steel business in India, which has a plant in Nashik.
JSW Steel is part of the JSW Group, which has also grown into energy, infrastructure, sports, cement, paints and mobility. Sajjan Jindal is its Chairman and Managing Director.
- Legal name
- JSW Steel Limited
- NSE symbol
- JSWSTEEL
- BSE code
- 500228
- ISIN
- INE019A01038
- Industry
- Ferrous Metals
- Listed
- May 1995 on BSE, Mar 2005 on NSE
- Face value
- ₹1
- Former symbols
- JSWSTL
- CIN
- L27102MH1994PLC152925
- Corporate identity number, the registrar of companies' code for it
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