Time period given by analyst is one year when JSW Steel price can reach defined target.
JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 166981.59 Crore) operating in Metals – Ferrous sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 29100.00 Crore, up 7.40 % from last quarter Total Income of Rs 27095.00 Crore and up 144.25 % from last year same quarter Total Income of Rs 11914.00 Crore. Company reported net profit after tax of Rs 5577.00 Crore in latest quarter.
Investment Rationale
JSW Steel reported a healthy performance during Q1FY22 wherein its standalone operations EBITDA/tonne increased sharply from Rs 19756/tonne in Q4FY21 to Rs 26291/tonne in Q1FY22. During Q1FY22, value added and special products (VASP) segment registered highest ever share of 61% (59% in Q4FY21, 38% in Q1FY21), which aided JSW Steel’s overall operational performance. During the quarter, share of VASP was higher on the back of increased domestic sales to automotive, solar and appliance segments. VASP’s share was also boosted by robust export demand for coated products on the back of a global economic recovery. Going forward, the 5 million tonnes per annum (MTPA) Dolvi expansion of JSW Steel is expected to commence operations by September 2021, which will provide healthy revenue visibility to company.
Promoter/FII Holdings
Promoters held 44.1 per cent stake in the company as of June 30, 2021, while FIIs held 0.4 per cent, DIIs 20.6 per cent and public and others 34.9 per cent.
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