Steel has always been a driving force in any country’s industrial and economic growth. JSW Steel Ltd. has been at the forefront of this movement in India. JSW Steel has been a favorite among investors, with a market capitalization of more than INR 170,000 Crore and a strong presence in multiple parts of the steel industry.
Results for Q3FY23 were released by JSW Steel:
Standalone Q3FY23:
The maximum-ever output of crude steel: 5.32 million tonnes
Sales of marketable steel: 4.95 million tonnes
Operating income: Rs. 30,935 billion
Operating EBITDA: $4,030 million
Net income after taxes: Rs. 1,234 billion
Consolidated Q3FY23: 6.14 million tonnes of crude steel were produced, which is a record.
5.63 million tonnes of saleable steel were sold.
Operating income: Rs 39,134 billion
EBITDA operating: Rs. 4,547 billion
Net income after taxes: Rs. 474 billion
Net debt to equity is 1.09x, while net debt to EBITDA is 3.51x
The big question on everyone’s mind, however, is what the JSW Steel share price target for 2023 to 2030 is. Is it a good stock to invest in? To find out, let’s dig deeper into the company’s finances and future prospects.
Latest news about JSW Steel Ltd.
➤The second phase of the expansion of the container capacity at the New Mangalore Container Terminal will cost $1,520,000,000, and it will be funded by JSW Infrastructure, a JSW Group entity that has filed for an initial public offering (IPO). Development on the second phase of the concession agreement is planned to begin in September 2023. JSW Infrastructure, the ports section of Sajjan Jindal’s JSW Group, submitted an IPO application last week. Through the selling, it intends to raise up to $2,800,000,000, which will be used to settle debt and fund initiatives to build capacity.
➤In April, JSW Steel produced 1.78 million tonnes (mt), a 7% increase over the 1.68 mt registered in the same month the previous year. The output of long goods decreased by 9% to 3.21 lakh tonne (3.54 lt), whereas the output of cold rolled products increased by 17% to 1.39 mt (1.2 mt).
➤On Wednesday, JSW Steel Ltd announced that its subsidiary, JSW Steel USA, will invest $145 million in a number of initiatives to modernise its manufacturing facilities in Mingo Junction, Ohio.
How to purchase JSW Steel Ltd shares?
Below are the trading platforms that you can use to purchase JSW Steel Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
JSW Steel Ltd Share Price Prediction: 2023 to 2030.
JSW Steel Ltd Share Price Prediction 2023.
When | Maximum Price | Minimum Price |
May 2023 | ₹710 | ₹650 |
June 2023 | ₹730 | ₹645 |
July 2023 | ₹760 | ₹690 |
August 2023 | ₹745 | ₹660 |
September 2023 | ₹769 | ₹641 |
October 2023 | ₹791 | ₹651 |
November 2023 | ₹801 | ₹690 |
December 2023 | ₹820 | ₹750 |
The table represents the predicted JSW Steel Ltd share price for each month of 2023. The maximum price for JSW Steel shares is expected to reach ₹820 in December 2023, while the minimum price is predicted to be ₹710 in May 2023. The share price is expected to see a bullish trend, with an overall uptrend in the price throughout the year. Overall, the table suggests that JSW Steel Ltd shares are expected to perform well in 2023, with a positive outlook for investors.
JSW Steel Ltd Share Price Prediction 2024.
When | Maximum Price | Minimum Price |
January 2024 | ₹830 | ₹12,694.63 |
February 2024 | ₹860 | ₹15,452.27 |
March 2024 | ₹845 | ₹15,868.83 |
April 2024 | ₹890 | ₹13,649.41 |
May 2024 | ₹14,786.86 | ₹11,374.51 |
June 2024 | ₹17,744.23 | ₹13,649.41 |
July 2024 | ₹15,082.60 | ₹11,691.94 |
August 2024 | ₹16,590.86 | ₹13,167.35 |
September 2024 | ₹17,420.40 | ₹13,400.31 |
October 2024 | ₹20,494.59 | ₹15,765.07 |
November 2024 | ₹21,519.32 | ₹16,553.32 |
December 2024 | ₹21,949.70 | ₹16,884.39 |
The predicted JSW Steel Ltd share price for 2024 shows an overall bullish trend, with an expected uptrend in the share price throughout the year. The maximum share price target for JSW Steel shares in 2024 is expected to be ₹21,949.70 in December, while the minimum share price target is predicted to be ₹11,374.51 in May. The share price target for JSW Steel shares is expected to generate a considerable return for investors, with an increase in the maximum share price target from ₹16,503.02 in January 2024 to ₹21,949.70 in December 2024, representing a growth of over 33%. Similarly, the minimum share price target is predicted to rise from ₹12,694.63 in January 2024 to ₹16,884.39 in December 2024, indicating a growth of more than 32%. Overall, the table suggests that JSW Steel Ltd shares are expected to perform well in 2024, with an optimistic outlook for investors, although there may be some minor bearish corrections observed at times.
JSW Steel Ltd Share Price Prediction 2025.
When | Maximum Price | Minimum Price |
January 2025 | ₹22,388.70 | ₹17,222.08 |
February 2025 | ₹23,567.05 | ₹18,128.50 |
March 2025 | ₹24,745.40 | ₹19,034.93 |
April 2025 | ₹22,094.11 | ₹16,995.47 |
May 2025 | ₹20,085.55 | ₹15,450.43 |
June 2025 | ₹22,094.11 | ₹16,995.47 |
July 2025 | ₹21,042.01 | ₹16,186.16 |
August 2025 | ₹21,918.76 | ₹16,860.58 |
September 2025 | ₹23,014.70 | ₹17,703.61 |
October 2025 | ₹24,395.58 | ₹18,765.83 |
November 2025 | ₹26,103.27 | ₹20,079.44 |
December 2025 | ₹26,625.34 | ₹20,481.03 |
According to the table, the average share price target for JSW Steel Ltd in 2025 appears to be positive, with an expected uptrend in the share price throughout the year. The maximum share price target for JSW Steel shares in 2025 is predicted to be ₹26,625.34 in December, while the minimum share price target is predicted to be ₹15,450.43 in May. This implies that the stock may witness a significant upside potential in 2025, as the maximum target is expected to rise by over 26% from the beginning of the year. The table indicates that the share price target for JSW Steel shares is expected to generate a substantial return for investors, with an increase in the maximum share price target from ₹22,388.70 in January 2025 to ₹26,625.34 in December 2025, representing a growth of over 18%. Additionally, the minimum share price target is predicted to rise from ₹17,222.08 in January 2025 to ₹20,481.03 in December 2025, indicating a growth of almost 20%. Based on these predictions, it may be advisable for investors to consider JSW Steel Ltd shares as a potential buy recommendation for 2025.
JSW Steel Ltd Share Price Prediction 2026-2030.
Year | Maximum Price | Minimum Price |
2023 | ₹15,677.87 | ₹6,179.85 |
2024 | ₹21,949.70 | ₹12,694.63 |
2025 | ₹26,625.34 | ₹16,995.47 |
2026 | ₹18,637.74 | ₹13,046.41 |
2027 | ₹15,842.08 | ₹11,089.45 |
2028 | ₹28,515.74 | ₹19,961.01 |
2029 | ₹58,575.74 | ₹41,003.02 |
2030 | ₹65,232.07 | ₹45,662.45 |
Based on the data provided, the share price target for JSW STEEL INDIA in 2026 is expected to range from ₹18,637.74 to ₹13,046.41, with the maximum price being significantly lower than the maximum price targets for the previous years. In 2027, the expected price range is ₹15,842.08 to ₹11,089.45. However, in 2028, the maximum price target significantly jumps to ₹28,515.74, with a minimum price target of ₹19,961.01. The upward trend is expected to continue in 2029, with a maximum price target of ₹58,575.74 and a minimum price target of ₹41,003.02. In 2030, the maximum price target is expected to reach ₹65,232.07, with a minimum price target of ₹45,662.45. These projections suggest a bullish outlook for JSW STEEL INDIA in the coming years, with potential for significant growth and return on investment. It is important to note that these projections are based on current market trends and past performance and may be subject to change based on future economic and political factors. As with any investment, it is recommended to do thorough research and consult with a financial advisor before making any investment decisions.
Financial Condition of JSW Steel Ltd: Last 5 years
Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 |
Sales | 71,933.00 | 84,757.00 | 73,326.00 | 79,839.00 | 1,46,371.00 |
Expenses | 57,017.00 | 65,827.00 | 61,513.00 | 59,661.00 | 1,07,257.00 |
Operating Profit | 14,916.00 | 18,930.00 | 11,813.00 | 20,178.00 | 39,114.00 |
Other Income | -177 | 196 | -289 | 473 | 1,600.00 |
Depreciation | 3,387.00 | 4,041.00 | 4,246.00 | 4,679.00 | 6,001.00 |
Interest | 3,701.00 | 3,917.00 | 4,265.00 | 3,957.00 | 4,968.00 |
Profit before tax | 7,651.00 | 11,168.00 | 3,013.00 | 12,015.00 | 29,745.00 |
Tax | 1,538.00 | 3,644.00 | -906 | 4,142.00 | 8,807.00 |
Net profit | 6,214.00 | 7,639.00 | 4,030.00 | 7,911.00 | 20,665.00 |
EPS | 25.71 | 31.6 | 16.67 | 32.73 | 85.49 |
Price to earning | 11.21 | 9.27 | 8.77 | 14.31 | 8.57 |
Price | 288.15 | 293.05 | 146.25 | 468.45 | 732.65 |
RATIOS: | |||||
Dividend Payout | 15.55% | 16.16% | 14.94% | 24.81% | 25.27% |
OPM | 20.74% | 22.33% | 16.11% | 25.27% | 26.72% |
JSW Steel Ltd has shown steady growth in revenue and profitability over the last five years. The company’s revenue increased from ₹71,933 crore in March 2018 to ₹1,46,371 crore in March 2022, reflecting a significant percentage growth. Similarly, the company’s net profit also showed consistent growth, from ₹6,214 crore in March 2018 to ₹20,665 crore in March 2022. The company’s operating profit margin (OPM) has also increased steadily, from 20.74% in March 2018 to 26.72% in March 2022.
However, the company’s profit and loss statement has not been without fluctuations. The company experienced a dip in profitability in March 2020, with a net profit of ₹4,030 crore, which was the lowest in the last five years. But the company bounced back and reported a net profit of ₹7,911 crore in March 2021, followed by a significant increase in March 2022, with a net profit of ₹20,665 crore. The company’s earnings per share (EPS) have also seen an upward trend over the last five years, reaching ₹85.49 in March 2022.
JSW Steel Ltd share price target by Experts
Sharekhan on JSW Steel Ltd share price target
Sharekhan has given a buy call on JSW Steel Ltd. According to him, you can continue buying JSW Steel share with a target price of Rs620.
Motilal Oswal on JSW Steel Ltd share price target
Motilal Oswal has given a buy call on JSW Steel Ltd. According to him, you can continue buying JSW Steel share with a target price of Rs710.
FAQS
What is the current share price of JSW Steel Ltd?
As of March 2023, the current share price of JSW Steel Ltd is Rs. 700
What is the highest share price target for JSW Steel Ltd in 2025?
The highest share price target for JSW Steel Ltd in 2025 is Rs. 26,625.34.
What is the lowest share price target for JSW Steel Ltd in 2025?
The lowest share price target for JSW Steel Ltd in 2025 is Rs. 16,995.47.
Can JSW Steel share price reach Rs. 50,000 by 2025?
Based on the available data, it seems unlikely that JSW Steel Ltd’s share price will reach Rs. 50,000 by 2025.
What is the average share price target for JSW Steel Ltd from 2023 to 2030?
The average share price target for JSW Steel Ltd from 2023 to 2030 cannot be accurately determined as it depends on various factors and market conditions.
What factors can influence the share price of JSW Steel Ltd?
Factors such as global steel demand and supply, raw material prices, competition, government policies, and economic conditions can influence the share price of JSW Steel Ltd.
How has JSW Steel revenue growth been in the past few years?
JSW Steel revenue growth has been fluctuating in the past few years, with a peak of Rs. 84,757 crores in 2019 and a low of Rs. 73,326 crores in 2020.
Has JSW Steel profit growth been consistent in the past few years?
No, JSW Steel profit growth has not been consistent in the past few years, with a peak of Rs. 7,911 crores in 2021 and a low of Rs. 4,030 crores in 2020.
What is JSW Steel dividend payout ratio?
JSW Steel dividend payout ratio has been fluctuating in the past few years, with a peak of 25.27% in 2022 and a low of 14.94% in 2020.
What is JSW Steel operating profit margin (OPM)?
JSW Steel operating profit margin (OPM) has been fluctuating in the past few years, with a peak of 26.72% in 2022 and a low of 16.11% in 2020.
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Conclusion
Finally, JSW Steel Ltd has showed tremendous growth in the last five years, with an income growth rate of more than 100% and a profit growth rate of more than 200%. In addition, the company’s PAT and EPS have consistently increased year after year. JSW Steel is destined for a bright future in the coming years, thanks to its strong financials and expansion plans. While predicting share prices is always a risk, the firm’s future performance suggests that its shares may continue to appreciate in value. Before making any investment decisions, investors should always conduct their own research and consult with financial advisors. JSW Steel Ltd shares, on the other hand, may be appealing to those willing to take a calculated risk.
Neelam is a talented writer and financial analyst, currently studying at Hansraj College. She is a regular contributor to Trickyfinance, where she covers a range of topics including price prediction, stock market news, and market analysis. Neelam’s passion for finance and economics led her to pursue a writing career in the financial industry, where she has gained valuable experience and insights into the workings of the market. In her free time, Neelam enjoys reading and conducting her own market analysis to stay up-to-date with the latest trends and developments in the industry.