JSW Steel Limited

BSE: 500228 NSE: JSWSTEEL
JSW Steel Limited - metals and minerals in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L27102MH1994PLC152925 Incorporated 15 March 1994 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: JSWSTEEL · BSE: 500228 Public Limited Company metals and minerals Fortune India 500 · #16 India's Most Valuable Nifty 50
Data last updated
Market Cap
₹3,04,704 Cr
JSWSTEEL · NSE
Share Price
₹1,309.90
+5.13% today
Revenue
₹1,85,470 Cr
FY 2025-26 · +9.9% YoY
EBITDA
₹29,346 Cr
Margin 15.8%
Net Profit
₹7,314 Cr
FY 2025-26 · +88.4% YoY
P/E (TTM)
22.7x
P/B 2.7x
ROE
11.7%
ROCE 10.9%
Debt / Equity
1.10
Interest cover 46.1x

About JSW Steel Limited

Data last updated:

JSW Steel Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 15 March 1994 and has been in existence for over 32 years.

JSW Steel is ranked #16 on the Fortune India 500 (2025). It is part of the Nifty 50, Nifty 500 and BSE 500 indices. Its director Sajjan Jindal and family are #11 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L27102MH1994PLC152925. Its GSTIN is 27AAACJ4323N1ZG (Maharashtra). The company holds 32 GST registrations, of which 24 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500228 and NSE: JSWSTEEL.

The company has an authorised share capital of ₹10,980 Cr and a paid-up capital of ₹244.55 Cr. It was formerly known as Jindal Vijayanagar Steel Ltd. It is led by directors including Sajjan Jindal (Managing Director) and Jayant Acharya (Whole-Time Director).

Its last annual general meeting (AGM) was held on 24 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Jsw Centre Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,85,470 Cr, a growth of 9.9% compared to the previous year. For the same year it recorded a net profit of ₹7,314.27 Cr (net margin 3.9%) and EBITDA of ₹29,346 Cr (EBITDA margin 15.8%). The net worth stands at ₹1,00,101 Cr (up 25.8% YoY). Total assets are valued at ₹2,11,402 Cr (up 14.3% YoY).

The company has about 14,098 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: JSW Group and JSW Coated Steel. As per MCA filings, the company has open charges of ₹82,404 Cr and satisfied charges of ₹1,55,390 Cr on record. Court records list 1,321 cases involving the company, including 653 filed by the company and 668 filed against it; 460 cases are pending. The company has 68 deals on record (55 market trades, 8 funding rounds, 5 secondary share transfers), with disclosed funding of ₹6,602.85 Cr; the latest was in May 2026. Its 6 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 1 larger and 5 smaller; the largest is Tata Steel Limited with revenue of ₹2,20,083 Cr. The company has 11 MSME Form 1 returns on record between 2021 and 2024, listing 842 overdue payments to 292 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jsw.in.

Company details

CIN L27102MH1994PLC152925
Registration Number 152925
Incorporation Date 15 March 1994
ROC Mumbai
Listing Status Listed - Listed on NSE (JSWSTEEL); Listed on BSE (500228)
Company Status Active
Date of Last AGM 24 July 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Key People
Sajjan Jindal Managing Director Jayant Acharya Whole-Time Director Gajraj Singh Rathore Whole-Time Director

Recognitions & Rankings of JSW Steel

Fortune India 500 2025 edition
Rank#16
Total income
₹1,68,689 Cr
Profit
₹3,504 Cr
Last year #15
India's Most Valuable Companies 2025 edition · Source: Hurun India
Valuation
₹3,09,230 Cr
Revenue
₹1,69,518 Cr
2024 #24 2023 #22 2022 #27
India's Richest People 2026 edition · 1 director · Source: Hurun India
Stock market indices
Nifty 50 Nifty 500 BSE 500

Contact details

JSW Steel Limited's registered office is in Mumbai, Maharashtra. Its website is jsw.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    jsw.in
  • Registered Address
    Jsw Centre Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing

To see the full contact details of JSW Steel Limited, buy the company report.

Comprehensive company report
JSW Steel Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

JSW Steel operates two associated brands: JSW Group and JSW Coated Steel. Each brand links to its own profile.

BrandDescriptionWebsite
JSW Group
Steel, infrastructure products, and power are manufactured by JSW Group.jsw.in
JSW Coated Steel
Coated steel sheets for roofing are manufactured and exported.jswcoatedsteel.in

Business activity

The main business activity of JSW Steel is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of JSW Steel Limited, buy the company report.

Financials of JSW Steel Limited

FY 2025-26 filings available

JSW Steel Limited reported revenue of ₹1,85,470 Cr (up 9.9% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,85,470 Cr
+9.9% YoY
EBITDA
₹29,346 Cr
+32.8% YoY
Profit After Tax
₹7,314 Cr
+88.4% YoY
Net Worth
₹1,00,101 Cr
+25.8% YoY
Total Assets
₹2,11,402 Cr
+14.3% YoY
Total Debt
₹99,262 Cr
+0.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,85,4701,68,8241,75,0061,65,9601,46,37179,83973,326
Revenue growth+9.9%-3.5%+5.5%+13.4%+83.3%+8.9%-
EBITDA29,34622,10428,06418,41038,26620,05810,978
EBITDA margin+15.8%+13.1%+16.0%+11.1%+26.1%+25.1%+15.0%
Profit before tax29,2505,07713,3805,65529,74512,0153,013
Net profit7,3143,8828,4413,75521,2547,9854,600
Net profit margin+3.9%+2.3%+4.8%+2.3%+14.5%+10.0%+6.3%
EPS (₹)73.1711.4928.8913.7768.6526.2013.39
Balance sheet
Total assets2,11,4021,84,9761,71,0441,50,4721,44,0391,15,4121,01,461
Net worth1,00,10179,56077,70565,72867,32645,63636,623
Total debt99,26298,68887,94880,82072,20866,70161,399
Cash & bank40,98913,28512,34820,71417,38312,81312,003
Net working capital53,93618,66117,03615,47520,5417,6027,794
Cash flow
Cash from operations25,15220,89912,07823,32326,27018,83112,785
Cash from investing18,560(17,012)(14,467)(10,730)(14,748)(9,410)(19,589)
Cash from financing(16,111)(262)(5,005)(5,977)(14,657)(1,444)5,189
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue54,48647,36451,18045,99145,15243,14744,81941,378
Revenue growth (YoY)+20.7%+9.8%+14.2%+11.2%+13.8%+0.5%--
Other income73372418,229273284350230153
EBITDA10,1209,2858,4645,8507,0277,4766,0915,476
EBITDA margin+18.8%+19.9%+17.0%+12.9%+15.8%+17.6%+13.7%+13.4%
Depreciation2,2002,1372,1482,3622,5542,5372,4972,336
Interest1,6021,7122,1682,3042,4132,2172,0942,115
Profit before tax7,0516,16022,3771,4572,3443,0721,7301,178
Tax1,6921,4643,134(953)698863229459
Net profit5,3594,69619,2432,4101,6462,2091,501719
EPS (₹)21.5919.0266.948.756.648.936.142.93
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,32,8471,27,7021,35,1801,31,6871,18,82070,72764,262
Revenue growth+4.0%-5.5%+2.7%+10.8%+68.0%+10.1%-
EBITDA19,71414,17420,31215,37131,14618,87311,208
EBITDA margin+14.8%+11.1%+15.0%+11.7%+26.2%+26.7%+17.4%
Profit before tax8,8076,54312,1026,96824,71512,1964,292
Net profit6,9326,8988,1314,98017,2318,6756,380
Net profit margin+5.2%+5.4%+6.0%+3.8%+14.5%+12.3%+9.9%
EPS (₹)21.3819.1426.3616.4055.4927.7917.58
Balance sheet
Total assets1,59,0201,50,1481,38,6291,23,3201,20,0441,02,27997,880
Net worth85,66079,83975,28363,65963,50146,97738,362
Total debt70,80968,37061,18057,20353,18651,14654,710
Cash & bank7,63510,2618,12918,71615,52711,74611,401
Net working capital10,2926,9435,6057,08311,5941,8456,528
Cash flow
Cash from operations15,14316,8915,44920,44423,33517,73314,110
Cash from investing(8,786)(9,979)(8,687)(7,361)(17,652)(2,609)(19,092)
Cash from financing(9,286)(2,270)(5,477)(7,085)(9,134)(7,441)3,054
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue42,00835,54036,24532,12733,00431,82032,47131,799
Revenue growth (YoY)+27.3%+11.7%+11.6%+1.0%+7.2%-2.6%--
Other income4133,3584353611,487499578452
Total expenses34,64728,93430,71828,34428,01526,17128,26227,505
EBITDA7,3616,6065,5273,7834,9895,6494,2094,294
EBITDA margin+17.9%+19.0%+15.9%+12.1%+15.5%+18.3%+13.2%+13.7%
Depreciation1,5681,5401,5341,5061,6031,5941,4901,475
Interest1,6461,7331,5111,6091,7621,5771,5951,633
Profit before tax4,5606,6912,9171,0293,1112,9771,7021,638
Tax1,164941761272694760(345)352

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue54,48647,36451,18045,99145,15243,14744,81941,378
Revenue growth (YoY)+20.7%+9.8%+14.2%+11.2%+13.8%+0.5%--
Other income73372418,229273284350230153
EBITDA10,1209,2858,4645,8507,0277,4766,0915,476
EBITDA margin+18.8%+19.9%+17.0%+12.9%+15.8%+17.6%+13.7%+13.4%
Depreciation2,2002,1372,1482,3622,5542,5372,4972,336
Interest1,6021,7122,1682,3042,4132,2172,0942,115
Profit before tax7,0516,16022,3771,4572,3443,0721,7301,178
Tax1,6921,4643,134(953)698863229459
Net profit5,3594,69619,2432,4101,6462,2091,501719
EPS (₹)21.5919.0266.948.756.648.936.142.93
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,85,4701,68,8241,75,0061,65,9601,46,37179,83973,326
Revenue growth+9.9%-3.5%+5.5%+13.4%+83.3%+8.9%-
Other income18,6076941,5931,6212,448593546
Total expenses1,56,1241,46,7201,46,9421,47,5501,08,10559,78162,348
Employee cost5,2854,7984,5913,9153,4932,5062,839
EBITDA29,34622,10428,06418,41038,26620,05810,978
EBITDA margin+15.8%+13.1%+16.0%+11.1%+26.1%+25.1%+15.0%
Depreciation9,6019,3098,1727,4746,0014,6794,246
Interest9,1028,4128,1056,9024,9683,9574,265
Profit before tax29,2505,07713,3805,65529,74512,0153,013
Tax3,7421,5864,4071,5168,8074,142(906)
Net profit7,3143,8828,4413,75521,2547,9854,600
Net profit margin+3.9%+2.3%+4.8%+2.3%+14.5%+10.0%+6.3%
EPS (₹)73.1711.4928.8913.7768.6526.2013.39
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital353369341334330328325
Reserves & surplus99,74879,19177,36465,39466,99645,30836,298
Shareholders' funds (net worth)1,00,10179,56077,70565,72867,32645,63636,623
Minority interest5,4222,1702,1071,3441,238(619)(575)
Secured loans34,24143,19934,08133,28329,28328,08826,513
Unsecured loans65,02155,48953,86747,53742,92538,61334,886
Total debt99,26298,68887,94880,82072,20866,70161,399
Total liabilities2,11,4021,84,9761,71,0441,50,4721,44,0391,15,4121,01,461
Assets
Gross block1,69,0751,74,4601,54,0861,39,2361,30,00488,86282,131
Net block1,17,1291,24,4661,12,4611,04,45299,88064,91762,085
Capital work in progress22,31521,00729,67622,16616,90532,56627,191
Investments10,21815,2177,2464,8064,9407,4271,259
Inventories32,76534,95637,81533,13533,78714,24913,773
Sundry debtors11,2608,4157,5487,1347,4574,4864,505
Cash & bank balances40,98913,28512,34820,71417,38312,81312,003
Loans & advances17,9038,2616,8207,1626,7394,2966,195
Total current assets1,02,91764,91764,53168,14565,36635,84436,476
Total current liabilities48,98146,25647,49552,67044,82528,24228,682
Net working capital53,93618,66117,03615,47520,5417,6027,794
Total assets2,11,4021,84,9761,71,0441,50,4721,44,0391,15,4121,01,461
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash11,6558,03015,4248,80811,9433,9665,581
Net cash from operating activities25,15220,89912,07823,32326,27018,83112,785
Net cash from investing activities18,560(17,012)(14,467)(10,730)(14,748)(9,410)(19,589)
Net cash from financing activities(16,111)(262)(5,005)(5,977)(14,657)(1,444)5,189
Net change in cash27,6013,625(7,394)6,616(3,135)7,977(1,615)
Closing cash40,98913,28512,34820,71417,38312,81312,003
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+9.9%-3.5%+5.5%+13.4%+83.3%+8.9%-
EBITDA growth+32.8%-21.2%+52.4%-51.9%+90.8%+82.7%-
PBT growth+476.1%-62.1%+136.6%-81.0%+147.6%+298.8%-73.0%
Net income growth+88.4%-54.0%+124.8%-82.3%+166.2%+73.6%-
Revenue CAGR (3Y)+3.8%+4.9%+29.9%+31.3%+20.0%+3.5%+9.7%
EBITDA CAGR (3Y)+16.8%-16.7%+11.9%+18.8%+26.5%+11.4%-3.4%
Profitability & leverage
Net income margin+13.8%+2.1%+5.1%+2.5%+14.3%+9.9%+5.3%
Return on capital employed+10.9%+8.0%+13.5%+8.6%+26.8%+14.7%+8.6%
Return on net worth+11.7%+4.9%+12.5%+6.2%+37.1%+19.2%+12.6%
Debt / equity1.101.191.181.151.231.561.52
Long-term debt / equity0.910.980.930.920.981.191.07
Interest cover46.1065.7440.7563.1115.4025.7363.35
Efficiency & per share
Fixed asset turnover1.081.031.191.231.340.930.91
Inventory turnover5.484.644.934.966.095.705.18
Debtors turnover18.8521.1523.8422.7524.5117.7612.57
EPS (₹)73.1711.4928.8913.7768.6526.2013.39
Dividend per share (₹)7.102.807.303.4017.356.502.00
Book value per share (₹)328.04260.64254.65218.26223.58151.03121.59
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue42,00835,54036,24532,12733,00431,82032,47131,799
Revenue growth (YoY)+27.3%+11.7%+11.6%+1.0%+7.2%-2.6%--
Other income4133,3584353611,487499578452
Total expenses34,64728,93430,71828,34428,01526,17128,26227,505
EBITDA7,3616,6065,5273,7834,9895,6494,2094,294
EBITDA margin+17.9%+19.0%+15.9%+12.1%+15.5%+18.3%+13.2%+13.7%
Depreciation1,5681,5401,5341,5061,6031,5941,4901,475
Interest1,6461,7331,5111,6091,7621,5771,5951,633
Profit before tax4,5606,6912,9171,0293,1112,9771,7021,638
Tax1,164941761272694760(345)352
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,32,8471,27,7021,35,1801,31,6871,18,82070,72764,262
Revenue growth+4.0%-5.5%+2.7%+10.8%+68.0%+10.1%-
Other income1,7304,7683,3331,5721,929669628
Total expenses1,13,1331,13,5281,14,8681,16,31687,67451,85453,054
Employee cost2,5682,4882,3571,9751,8701,5011,496
EBITDA19,71414,17420,31215,37131,14618,87311,208
EBITDA margin+14.8%+11.1%+15.0%+11.7%+26.2%+26.7%+17.4%
Depreciation6,1205,9135,4354,9524,5113,7813,522
Interest6,5176,4866,1085,0233,8493,5654,022
Profit before tax8,8076,54312,1026,96824,71512,1964,292
Tax2,2857064,0612,0318,0133,803(999)
Net profit6,9326,8988,1314,98017,2318,6756,380
Net profit margin+5.2%+5.4%+6.0%+3.8%+14.5%+12.3%+9.9%
EPS (₹)21.3819.1426.3616.4055.4927.7917.58
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital305305305301301302301
Reserves & surplus85,35579,53474,97863,35863,20046,67538,061
Shareholders' funds (net worth)85,66079,83975,28363,65963,50146,97738,362
Secured loans26,08029,93524,43524,12418,63123,98021,852
Unsecured loans44,72938,43536,74533,07934,55527,16632,858
Total debt70,80968,37061,18057,20353,18651,14654,710
Total liabilities1,59,0201,50,1481,38,6291,23,3201,20,0441,02,27997,880
Assets
Gross block1,16,4441,11,8041,08,78099,45391,76268,37164,175
Net block79,96978,50979,58675,05671,64651,94250,542
Capital work in progress14,29410,91510,85610,50612,59929,04224,141
Investments34,97139,33930,14124,32018,02812,4585,999
Inventories21,90319,81923,23419,51721,02810,6929,623
Sundry debtors7,3005,6726,4986,0006,1463,3333,166
Cash & bank balances7,63510,2618,12918,71615,52711,74611,401
Loans & advances9,5654,7765,2334,9114,7843,9325,185
Total current assets46,40340,52843,09449,14447,48529,70329,375
Total current liabilities36,11133,58537,48942,06135,89127,85822,847
Net working capital10,2926,9435,6057,08311,5941,8456,528
Total assets1,59,0201,50,1481,38,6291,23,3201,20,0441,02,27997,880
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash9,5954,95313,6687,67011,1213,4385,366
Net cash from operating activities15,14316,8915,44920,44423,33517,73314,110
Net cash from investing activities(8,786)(9,979)(8,687)(7,361)(17,652)(2,609)(19,092)
Net cash from financing activities(9,286)(2,270)(5,477)(7,085)(9,134)(7,441)3,054
Net change in cash(2,929)4,642(8,715)5,998(3,451)7,683(1,928)
Closing cash7,63510,2618,12918,71615,52711,74611,401
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+4.0%-5.5%+2.7%+10.8%+68.0%+10.1%-
EBITDA growth+39.1%-30.2%+32.1%-50.7%+65.0%+68.4%-
PBT growth+34.6%-45.9%+73.7%-71.8%+102.7%+184.2%-63.3%
Net income growth+0.5%-15.2%+63.3%-71.1%+98.6%+36.0%-
Revenue CAGR (3Y)+0.3%+2.4%+24.1%+27.0%+15.5%+2.1%+7.1%
EBITDA CAGR (3Y)+8.7%-23.1%+2.5%+11.1%+18.9%+11.8%-1.0%
Profitability & leverage
Net income margin+4.9%+4.6%+6.0%+3.8%+14.1%+11.9%+8.2%
Return on capital employed+9.9%+10.0%+13.9%+9.9%+25.7%+15.8%+10.6%
Return on net worth+7.9%+8.9%+11.6%+7.8%+30.2%+19.7%+17.4%
Debt / equity0.840.840.850.870.941.241.34
Long-term debt / equity0.730.690.710.730.770.980.95
Interest cover47.9478.5141.0648.2114.4523.6252.33
Efficiency & per share
Fixed asset turnover1.161.161.301.381.481.071.00
Inventory turnover6.375.936.326.507.496.966.29
Debtors turnover20.4820.9921.6321.6825.0721.7712.94
EPS (₹)21.3819.1426.3616.4055.4927.7917.58
Dividend per share (₹)7.102.807.303.4017.356.502.00
Book value per share (₹)280.85261.77246.83211.49210.97155.55127.45

To see the full year-wise statements and ratios of JSW Steel Limited, buy the company report.

Board of directors of JSW Steel Limited

JSW Steel has 12 current directors and 50 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sajjan Jindal
Also directs: JSW Infrastructure Limited, JSW Energy Limited, Jindal Aluminium Limited. and 2 more
Managing Director07 Jul 200719 Years 3 MonthsCurrent
Marcel FasswaldDirector21 Oct 20224 Years 0 MonthsCurrent
Jayant Acharya
Also directs: JSW Steel Coated Products Limited
Whole-Time Director07 May 200917 Years 5 MonthsCurrent
Hiroyuki OgawaNominee Director17 May 20179 Years 5 MonthsCurrent
Nirupama RaoDirector25 Jul 20188 Years 3 MonthsCurrent
Fiona Jane Mary PaulusDirector27 May 20224 Years 5 MonthsCurrent
Showing 6 of 12 current directors. View all directors

Peer comparison

JSW Steel Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Tata Steel Limited₹2,20,083 Cr (FY 2025)-5.0%Mumbai, Maharashtra, India
JSW Steel Limitedthis company₹1,85,470 Cr (FY 2026)₹7,314.27 Cr3.9%9.9%14,098Mumbai, Maharashtra, India
Steel Authority of India Limited₹1,03,354 Cr (FY 2025)-3.0%New Delhi, Delhi, India
Arcelormittal Nippon Steel India Private Limited₹54,613 Cr (FY 2025)-11.0%Surat, Gujarat, India
Jindal Steel Limited₹49,932 Cr (FY 2025)0.0%Hisar, Haryana, India
Jindal Stainless Limited₹39,603 Cr (FY 2025)2.0%Hisar, Haryana, India
JSW Steel Coated Products Limited₹34,517 Cr (FY 2025)1.0%Mumbai, Maharashtra, India

To see the full peer comparison of JSW Steel Limited, buy the company report.

Auditor

JSW Steel Limited is audited by S R B C & CO LLP for the financial year 2024.

Auditor firmFinancial yearFirm registration number
S R B C & CO LLPFY 2024324982E/E300003

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 44.30%, foreign institutional investors hold 25.90%, domestic institutional investors hold 12.00% and retail and other public shareholders hold 17.80%.

Promoters: 44.30%DII (Domestic Institutional): 12.00%FII (Foreign Institutional): 25.90%Retail & Others: 17.80%
Sep 2026
QUARTER
44.30% Promoters
12.00% DII (Domestic Institutional)
25.90% FII (Foreign Institutional)
17.80% Retail & Others
Promoter holding - history
Now 44.30% · Sep 2026High 45.30% · Dec 2025Low 44.30% · Sep 2026
43%44%45%46%47%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 45.30%Mar 2026: 45.30%Jun 2026: 45.30%Sep 2026: 44.30%45.30%44.30%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters44.30%45.30%45.30%45.30%
Public55.70%54.70%54.70%54.70%

Charges & borrowings

Open charges
₹82,404 Cr
Satisfied charges
₹1,55,390 Cr
Breakdown by lending institutions
Sbicap Trustee Company Limited₹60,104.33 Cr
Idbi Trusteeship Services Limited₹7,073.00 Cr
Others₹6,252.67 Cr
Icici Bank Limited₹3,900.00 Cr
State Bank of India₹3,454.70 Cr
Others₹1,619.40 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
12 Dec 2025101202748Sbicap Trustee Company Limited₹1,000 CrOpen
03 Dec 2025101196373Sbicap Trustee Company Limited₹600 CrOpen
08 Oct 2025101173286Sbicap Trustee Company Limited₹2,000 CrOpen
09 Jul 2025101139219Sbicap Trustee Company Limited₹1,000 CrOpen
04 Jul 2025101123552Sbicap Trustee Company Limited₹500 CrOpen

To see the full charge records of JSW Steel Limited, buy the company report.

Total charge records: 476 View all charges

Deals & funding

JSW Steel Limited has 68 deals on record (55 market trades, 8 funding rounds, 5 secondary share transfers), with disclosed funding of ₹6,602.85 Cr; the latest was in May 2026.

Total deals
68
Market trades
55
Funding rounds
8
Secondary share transfers
5
Disclosed funding
₹6,602.85 Cr

Deals on record (5 of 68)

WhenDealAmountParties
May 2026Market trade₹3,150 CrBuyer: Gqg Partners Emerging Markets Equity Fund, Sbi Mutual Fund
Seller: JSW Energy Limited
May 2026Market trade₹3,150 CrSeller: JSW Energy Limited
Mar 2010Secondary share transferUndisclosedSeller: Steel Traders Pvt Ltd
Nov 2009Market trade₹102.98 CrBuyer: C D Integrated Services Limited
Seller: C D Integrated Services Limited
Mar 2008Funding round₹217.6 CrInvestors: JSW Investments Private Limited , an individual

To see the full deal history of JSW Steel Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

JSW Steel Limited was last rated by Indiarating on 08 Mar 2023.

Rating agencyRated onRating
Indiarating08 Mar 2023

To see the full credit ratings and regulatory alerts of JSW Steel Limited, buy the company report.

MSME payment delays

JSW Steel Limited has 11 MSME Form 1 returns on record between 2021 and 2024, listing 842 overdue payments to 292 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 292)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
Tristar Oceanic Services Private Limited
Pre Post Solution India Private Limited
Unity Engineering

To see the full MSME payment records of JSW Steel Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

JSW Steel Limited has a workforce of 14,098 employees on its EPFO records as of Apr 07, 2024, across 6 active EPFO establishments.

Employee count
14,098
Active EPFO establishments
6
Employee growth
4.26%

GST

JSW Steel has 32 GST registrations: 24 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
32
Active
24
Cancelled / inactive
8
GSTINStateStatusRegistered on
27AAACJ4323N1ZGMaharashtraActive01 Jul 2017
27AAACJ4323N2ZFMaharashtraActive14 Jul 2017
27AAACJ4323N3ZEMaharashtraActive23 Sep 2017
03AAACJ4323N1ZQPunjabActive01 Jul 2017

To see the full GST registrations and return filing status of JSW Steel Limited, buy the company report.

Recent activity

JSW Steel Limited has 109 board changes on record since 1994: 61 appointments and 48 cessations. The latest: Devopam Narendra Bajpai was appointed as Director on 02 Jul 2026.

Charges
A charge registered on 13 Mar 2023 via Charge ID 100691338 with Sbicap Trustee Company Limited was fully satisfied on 04 Sep 2026.
Charges
A charge registered on 12 Feb 2024 via Charge ID 100875624 with Sbicap Trustee Company Limited was fully satisfied on 07 Aug 2026.
Charges
A charge registered on 30 Dec 2022 via Charge ID 100660033 with Sbicap Trustee Company Limited was fully satisfied on 07 Aug 2026.
Charges
A charge registered on 14 Nov 2024 via Charge ID 101006575 with Sbicap Trustee Company Limited was fully satisfied on 06 Aug 2026.
Charges
A charge registered on 29 Jul 2024 via Charge ID 100961816 with Sbicap Trustee Company Limited was fully satisfied on 05 Aug 2026.
Charges
A charge registered on 11 Dec 2023 via Charge ID 100824544 with Sbicap Trustee Company Limited was fully satisfied on 05 Aug 2026.
Charges
A charge registered on 04 Nov 2022 via Charge ID 100626981 with Sbicap Trustee Company Limited was fully satisfied on 05 Aug 2026.
Charges
A charge with Others of Rs. 1,400.00 Cr registered on 18 Dec 2018 with Charge ID 100223951 was modified on 30 Jul 2026.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 500.00 Cr registered on 13 Mar 2023 with Charge ID 100691338 was modified on 28 Jul 2026.
AGM
Jsw Steel Limited last Annual general meeting of members was held on 24 Jul 2026 as per latest MCA records.
Appointed
Devopam Narendra Bajpai was appointed as Director.
Charges
A charge registered on 11 Jun 2024 via Charge ID 100935931 with Sbicap Trustee Company Limited was fully satisfied on 13 May 2026.

1290 earlier events are in the company report.

News

JSW Steel: CLSA on JSW Steel Maintains Outperform, Target Price ₹1,500; Q2 EBITDA slightly beat estimates, supported by higher volumes and stronger subsidiary profitability. Q3 margins should improve as higher steel prices, lower iron-ore costs and operating leverage offset coking-coal inflation; expansion approvals improve visibility toward 80mt capacity.
26 Oct 2026 · Exchange Update
JSW Steel: Jefferies on JSW Steel Maintains Buy, Target Price ₹1,650; Q2 EBITDA rose 8% QoQ in line with estimates, while a 15% increase in domestic steel prices since August should support margins. Announced 10mt expansions strengthen the FY32 capacity-doubling plan; raises FY27–29 EPS by 2–4%.
26 Oct 2026 · Exchange Update
JSW Steel: Citi on JSW Steel Maintains Sell, Target Price ₹1,135; Q2 EBITDA rose 39% YoY to ₹99.4bn, 3% above estimates, driven by higher Indian volumes and realisations but partly offset by costs. Further coking-coal inflation, tepid Chinese demand and uncertainty around funding the JSW JFE expansion underpin the cautious stance.
26 Oct 2026 · Exchange Update
JSW Steel: Expects Q3 Production And Sales To Meet Targets, Anticipating Volume Gains From Full Production At Vijaynagar BF-3 And JVM Operations. Q3 Coking Coal Costs Expected To Increase By $25, While Iron Ore Costs Edge Up, But The Company Aims To Offset Costs And Improve Q2 Margins.
26 Oct 2026 · Exchange Update
JSWSTEEL: Q2 CONS NET PROFIT 53B RUPEES VS 16.2B (YOY); EST 47.52B
23 Oct 2026 · Exchange Update
JSWSTEEL: Q2 REVENUE 545B RUPEES VS 452B (YOY); EST 541B
23 Oct 2026 · Exchange Update

From our blog

Frequently asked questions

JSW Steel is an active public limited company based in Mumbai, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 15 March 1994 (32+ years old) and is registered under CIN L27102MH1994PLC152925. Listed on BSE: 500228 and NSE: JSWSTEEL.

JSW Steel reported revenue of ₹1,85,470 Cr for FY 2025-26 (up 9.9% YoY) based on consolidated financials.

JSW Steel has 12 current directors:

The latest financial statements of JSW Steel on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 July 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of JSW Steel is 27AAACJ4323N1ZG, registered in Maharashtra. The company has 32 GST registrations in all, of which 24 are active and 8 are cancelled or inactive. Other active GSTINs include 27AAACJ4323N2ZF (Maharashtra), 27AAACJ4323N3ZE (Maharashtra), 03AAACJ4323N1ZQ (Punjab).

The CIN (Corporate Identification Number) of JSW Steel is L27102MH1994PLC152925. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. JSW Steel is a listed company as per MCA records. Its shares are listed on both BSE (code: 500228) and NSE (symbol: JSWSTEEL).

JSW Steel has 1,321 court cases on record: 653 filed by the company and 668 filed against it. 460 are pending. Most are in the high courts.

JSW Steel was incorporated on 15 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.

JSW Steel has 68 deals on record (55 market trades, 8 funding rounds, 5 secondary share transfers), with disclosed funding of ₹6,602.85 Cr; the latest was in May 2026.

The peers of JSW Steel by revenue are Tata Steel Limited, Steel Authority of India Limited, Arcelormittal Nippon Steel India Private Limited, Jindal Steel Limited, Jindal Stainless Limited and 1 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).

Devopam Narendra Bajpai was appointed as Director on 02 Jul 2026. Haigreve Khaitan ceased to be Director on 23 Jul 2025. Shyamal Mukherjee was appointed as Director on 23 Jul 2025. JSW Steel has 109 board changes on record in total.