JSW Steel Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030
JSW Steel is an Indian multinational steel manufacturing company. It is a part of the JSW Group, and was founded in 1982. The company has its headquarters in Mumbai, India, and is one of the leading steel producers in India, with a capacity of 18 million tonnes per annum.
JSW Steel produces a range of steel products, including hot rolled coils, cold rolled coils, galvanized products, color-coated products, and long steel products such as bars, wire rods, and structurals. The company has manufacturing facilities in multiple locations across India, including in Karnataka, Maharashtra, Tamil Nadu, and Odisha.
Table of Contents
JSW Steel Limited Overview
JSW Steel was founded in 1982 by Sajjan Jindal as Jindal Vijayanagar Steel Ltd. The company later changed its name to JSW Steel in 2005. Sajjan Jindal is the current Chairman and Managing Director of the company. Under his leadership, JSW Steel has grown into one of the largest steel producers in India and has expanded globally.
JSW Steel operates manufacturing facilities in multiple locations across India. Its flagship facility is located in Vijayanagar, Karnataka, which has a capacity of 12 MTPA. The company’s other manufacturing facilities are located in Maharashtra, Tamil Nadu, and Odisha. JSW Steel also operates a joint venture with Japan’s JFE Steel, called JSW Steel Coated Products Ltd.
Business Model of JSW Steel
The business model of JSW Steel can be summarized as a vertically integrated steel manufacturing company. The company produces a range of steel products and operates in multiple markets, including India, the United States, Europe, and the Middle East. Here are some key elements of the company’s business model:
- Raw Material Sourcing: JSW Steel sources raw materials, such as iron ore, coal, and limestone, from mines in India and other countries. The company has secured long-term contracts with various suppliers to ensure a consistent supply of raw materials.
- Manufacturing: JSW Steel operates manufacturing facilities in multiple locations across India and in other countries. The company’s flagship facility in Vijayanagar, Karnataka, is one of the largest single-location steel plants in the world. The company produces a range of steel products, including hot rolled coils, cold rolled coils, galvanized products, color-coated products, and long steel products.
- Distribution: JSW Steel distributes its products through various channels, including direct sales to customers, sales through distributors, and exports. The company has a strong presence in India and has expanded internationally through acquisitions and joint ventures.
- Innovation: JSW Steel invests heavily in research and development to improve the quality and efficiency of its manufacturing processes. The company has developed several proprietary technologies, such as Corex and Finex, that reduce the environmental impact of steel production.
- Sustainability: JSW Steel is committed to sustainable practices and has implemented several initiatives to reduce waste generation, water consumption, and energy consumption. The company has also set ambitious targets to reduce its greenhouse gas emissions.
- Financial Performance: JSW Steel has consistently performed well financially. The company has a strong balance sheet and has been able to finance its growth through a combination of internal cash flows and external funding.
JSW Steel Share Price
JSW Steel Limited is listed on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) under the symbol “JSWSTEEL“. The stock has been listed since 1994 and is a part of the Nifty 50 index.
As on 18 March 2023, JSW Steel Share Price was Rs.677.90, JSW Steel Share 52 week high at Rs. 790/- & 52 week low Rs.590/-.
| Company Name | JSW Steel Limited |
| Share Name | JSWSTEEL |
| Founded in | 1982 |
| Headquarters | Mumbai |
| CEO | Sajjan Jindal |
| Revenue | 1.48 lakh crores INR (US$19 billion, 2022) |
| Market Capitalization | ₹1,59,208 Cr |
| Primary Exchange | NSE, BSE |
| Official Website | Click Here |
Shareholding of JSW Steel limited
The shareholding pattern of JSW Steel is as follows:
- Promoters: The promoters of JSW Steel are Sajjan Jindal and his family members. As of December 31, 2021, the promoter group holds 41.97% of the total shares of the company.
- Foreign Institutional Investors (FIIs): FIIs hold 18.78% of the total shares of JSW Steel. FIIs are institutional investors based outside India, such as mutual funds, pension funds, and hedge funds.
- Domestic Institutional Investors (DIIs): DIIs hold 16.21% of the total shares of JSW Steel. DIIs are institutional investors based in India, such as mutual funds, insurance companies, and banks.
- Public Shareholders: The remaining 23.04% of the total shares of JSW Steel are held by public shareholders, which include retail investors, high net worth individuals, and others.
Annual Result of JSW Steel Limited – Click Here
Annual Result Summary of JSW Steel Limited
JSW Steel’s consolidated financial performance for the fiscal year 2020-21 (April 2020 to March 2021):
- Revenue: INR 83,530 crore ($11.3 billion), a decline of 6% compared to the previous fiscal year.
- EBITDA: INR 16,693 crore ($2.3 billion), an increase of 24% compared to the previous fiscal year.
- Net Profit: INR 7,844 crore ($1.1 billion), an increase of 41% compared to the previous fiscal year.
- Earnings per share: INR 24.13 ($0.32)
JSW Steel Share Price Target 2023, 2024, 2025, 2026, 2027, 2030, 2040, 2050
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹735 | ₹780 |
| 2024 | ₹790 | ₹860 |
| 2025 | ₹880 | ₹970 |
| 2026 | ₹995 | ₹1080 |
| 2027 | ₹1110 | ₹1200 |
| 2030 | ₹1430 | ₹1510 |
| 2040 | ₹2600 | ₹2900 |
| 2050 | ₹4900 | ₹5400 |
Note:- “That these share price targets for “JSW Steel Share” are only provided for the purpose of reference and that this prediction will only hold true in the event that there is optimism in the market. Any uncertainties regarding the company or the current state of the global market will not be addressed in this analysis.”
Read Also –
– Tata Power Share Price Target 2023, 2024, 2025, 2026, 2030
– Tata Motors Share Price Target 2023,2024,2025,2026,2030
– JP Power Share Price Target 2023, 2024, 2025, 2026, 2027, 2030
– Trident Group Share Price Target 2023, 2024, 2025, 2026, 2027, 2030
– Reliance Share Price Target 2023, 2024, 2025, 2026, 2027, 2030
JSW Steel subsidiaries and joint ventures
JSW Steel is a leading Indian steel producer that operates several subsidiaries and joint ventures. Here are some of the most notable ones:
- JSW Steel Coated Products: A subsidiary of JSW Steel that specializes in producing color-coated and galvanized steel products.
- JSW Steel (USA) Inc.: A subsidiary of JSW Steel that operates a steel manufacturing plant in Baytown, Texas.
- JSW Steel (Europe) Limited: A subsidiary of JSW Steel that operates a steel manufacturing plant in the UK.
- JSW Severfield Structures Limited: A joint venture between JSW Steel and Severfield, a UK-based steel fabrication company. The joint venture specializes in the design, fabrication, and installation of structural steelwork.
- JSW Vallabh Tinplate Private Limited: A joint venture between JSW Steel and Vallabh Tinplate, a leading tinplate manufacturer in India. The joint venture produces tinplate products used in the packaging industry.
- JSW Steel Italy S.r.l.: A subsidiary of JSW Steel that operates a steel manufacturing plant in Italy.
- GSI Lucchini S.p.A.: A subsidiary of JSW Steel Italy that specializes in the production of forged steel balls used in the mining industry.
- JSW Steel Coated Products (Mauritius) Ltd.: A subsidiary of JSW Steel Coated Products that operates a color-coated steel manufacturing plant in Mauritius.
Recent News of JSW Steel Share
JSW Steel has been in the news recently for various developments and announcements. Here are some of the recent news articles related to JSW Steel Share:
- JSW Steel to invest $700 million in Texas to expand steel plant: In January 2022, JSW Steel announced that it would invest $700 million to expand its steel plant in Baytown, Texas. The expansion would increase the plant’s capacity from 1 million metric tons per year to 1.5 million metric tons per year.
- JSW Steel raises Rs 1,000 crore via NCDs to fund capex: In November 2021, JSW Steel raised INR 1,000 crore through the issuance of non-convertible debentures (NCDs) to fund its capital expenditure plans.
- JSW Steel reports consolidated net profit of INR 2,693 crore for Q3 FY22: In January 2022, JSW Steel reported a consolidated net profit of INR 2,693 crore for the quarter ended December 31, 2021, up from INR 1,595 crore in the same period of the previous year.
- JSW Steel seeks more iron ore to grow: In October 2021, JSW Steel announced that it was looking to acquire more iron ore mines in India to secure its raw material requirements and fuel its growth plans.
- JSW Steel to acquire assets of Welspun Specialty Solutions: In December 2021, JSW Steel announced that it had entered into an agreement to acquire the assets of Welspun Specialty Solutions, a manufacturer of high-quality steel products for the oil and gas sector. The acquisition is expected to enhance JSW Steel’s product portfolio and strengthen its position in the oil and gas segment.
JSW Steel Share Price Target 2023
As of March 11, 2023, the market capitalization of JSW Steel was approximately INR 105,357 crore (USD 14.1 billion). The stock price of JSW Steel has shown significant volatility over the years, with fluctuations in response to various economic and company-specific factors. However, the stock has delivered strong returns over the long term. As of March 11, 2023, the stock had generated a return of approximately 19% over the past year and a return of approximately 236% over the past five years.
JSW Steel share price target 2023 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2023 | ₹735 | ₹780 |
JSW Steel Share Price Target 2024
JSW Steel is known for its focus on innovation and sustainability. The company has made significant investments in research and development, and has developed several proprietary technologies to improve the quality and efficiency of its steel production processes. In addition, JSW Steel has implemented a range of sustainability initiatives, including waste reduction, water conservation, and energy efficiency programs.
JSW Steel share price target 2024 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹790 | ₹860 |
JSW Steel Share Price Target 2025
JSW Steel has a strong focus on innovation and sustainability. The company has made significant investments in research and development, and has developed several proprietary technologies to improve the quality and efficiency of its steel production processes.
JSW Steel share price target 2025 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹880 | ₹970 |
JSW Steel Share Price Target 2026
JSW Steel has a history of paying dividends to its shareholders. The company paid a total dividend of INR 18.50 per share for the fiscal year 2021-22. The dividend yield for the stock was approximately 1.50% as of March 11, 2023.
JSW Steel share price target 2026 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹995 | ₹1080 |
JSW Steel Share Price Target 2027
JSW Steel announced that it would invest $500 million to modernize and expand its steel plant in Mingo Junction, Ohio. The investment would increase the plant’s capacity and enable it to produce advanced high-strength steels. In February 2022, JSW Steel announced that it had completed the acquisition of Welspun Specialty Solutions, a manufacturer of high-quality steel products for the oil and gas sector. The acquisition is expected to enhance JSW Steel’s product portfolio and strengthen its position in the oil and gas segment.
JSW Steel share price target 2027 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2027 | ₹1110 | ₹1200 |
JSW Steel Share Price Target 2030
JSW Steel won five iron ore mines in Karnataka through an e-auction conducted by the state government. The acquisition of the mines would enable JSW Steel to secure its raw material requirements and fuel its growth plans. In January 2022, JSW Steel reported strong financial results for the quarter ended December 31, 2021, with a consolidated net profit of INR 2,693 crore ($359 million), up from INR 1,595 crore ($213 million) in the same period of the previous year.
JSW Steel share price target 2030 are as follows –
| Target Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹1110 | ₹1200 |
Future of JSW Steel Share
- Demand for steel: The future of JSW Steel will depend on the demand for steel both in India and globally. The company’s growth will depend on its ability to cater to increasing demand from various sectors such as automotive, infrastructure, and construction.
- Capacity expansion: JSW Steel has announced plans to expand its capacity to 45 million tonnes by 2030. The company plans to invest INR 50,000 crores in expanding its existing plants and setting up new ones. The success of these expansion plans will play a crucial role in the future growth of the company.
- Technological advancements: JSW Steel is focusing on research and development to improve its product quality, reduce costs, and enhance operational efficiency. The company has also been exploring the use of new technologies such as Industry 4.0, Artificial Intelligence, and automation to improve its production processes.
- Government policies: The steel industry in India is heavily regulated, and government policies on tariffs, taxes, and import/export regulations can have a significant impact on the future of JSW Steel. The company’s growth will depend on the government’s policies and initiatives that promote the growth of the steel industry.
- Sustainability: The steel industry is one of the most polluting industries globally, and JSW Steel has been focusing on sustainable practices. The company has set ambitious targets to reduce its carbon footprint and increase the use of renewable energy sources. The success of these sustainability initiatives will play a crucial role in the company’s future growth and reputation.
Risk of JSW Steel Share
JSW Steel faces several risks that could impact its financial performance and long-term sustainability. Here are some of the main risks faced by JSW Steel:
- Volatility in steel prices: JSW Steel’s financial performance is heavily dependent on the prices of steel, which are subject to fluctuations due to global market conditions, supply and demand factors, and trade policies. Any significant decline in steel prices could negatively impact the company’s revenue and profitability.
- Dependence on key customers: JSW Steel’s revenue is largely dependent on a few key customers, including automakers and construction companies. Any changes in the demand patterns of these customers could significantly impact the company’s sales volume and revenue.
- Regulatory risks: The steel industry in India is heavily regulated, and changes in government policies, including tariffs, taxes, and environmental regulations, could impact JSW Steel’s profitability and long-term sustainability.
- Operational risks: Steel manufacturing involves complex processes and requires significant investments in equipment, infrastructure, and technology. Any operational issues, such as plant shutdowns, equipment failures, or quality control problems, could impact the company’s production volume, revenue, and reputation.
- Environmental and social risks: As a heavy industry, JSW Steel faces environmental and social risks related to pollution, emissions, health and safety, and labor practices. Any violations or non-compliance with environmental and social regulations could damage the company’s reputation and expose it to legal and financial liabilities.
- Competition: The steel industry in India is highly competitive, with several large players, including Tata Steel, SAIL, and ArcelorMittal Nippon Steel. Any increase in competition could impact JSW Steel’s market share, revenue, and profitability.
FAQs –
In year 2023, Target Price of JSW Steel Share is Rs. 735/-
The future of JSW Steel Shre will depend on various internal and external factors, and the company’s ability to adapt to changing market conditions and adopt new technologies and sustainable practices but as per company previous performance & growth JSW Steel share will definitely go up.
As of March 2023, Some analysts covering the JSW Steel stock had a consensus rating of “Buy” with a target price of INR 880 per share, indicating potential upside from the current market price. Yes, JSW Steel good for long term, JSW Steel share gives 235% returns in previous 5 year.
