Jsw Steel Limited
JSWSL is a part of the JSW group, which in turn, is a part of the O.P. Jindal group. The JSW group has presence across various sectors, including energy, infrastructure, cement, paints, sports, realty, and venture capital. JSWSL is one of the leading...
Key Metrics
EPS
28.87
Current ratio
0.98
Debt/Equity
1.86
Debt/EBITDA
4.99
Interest coverage ratio
2.65
Operating Cashflow to total debt
0.10
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
JSWSL’s established presence in the Indian steel industry and strong track record of the management
Wide product offering
Despite decline in average realisations, profitability witnessed improvement in FY24 over FY23
Captive mines and power generation to support cost
Leveraged capital structure; solvency ratios to remain elevated in the near term
Domestic Steel outlook for FY25
Recent developments in the steel sector
Liquidity: Adequate
Cons
Commitment towards various capital-intensive projects and related risks
Exposed to foreign exchange risk
Cyclicality of the steel industry
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About Jsw Steel Limited bond.
This comprehensive profile covers key factual information about Jsw Steel Limited. JSWSL is a part of the JSW group, which in turn, is a part of the O.P. Jindal group. The JSW group has presence across various sectors, including energy, infrastructure, cement, paints, sports, realty, and venture capital. JSWSL is one of the leading steel producers, with a steelmaking capacity of 29.7 mtpa in India and the US (including capacities under joint control) and 6.50 mtpa under commissioning as on March 31, 2024. In India, its integrated steel manufacturing units are in Vijayanagar Works, Karnataka (12.5 mtpa); Dolvi Works, Maharashtra (10 mtpa); Salem Works, Tamil Nadu (1 mtpa); BPSL plant in Jharsuguda, Odisha (3.5 mtpa); and JISPL (1.2 mtpa) to produce a wide range of flat and long steel products. There is a 1.5-mntpa capacity steel plant in Ohio, in the US. Furthermore, through its wholly owned subsidiary, JSW Steel Coated Products Limited, the company is one of the leading producers of value-added downstream steel products in India, specialising in galvanised sheets, galvalume products, and high-end colour-coated sheets. EPS in Mar-2024 was 28.87. Current ratio in Mar-2024 was 0.98. Debt/Equity in Mar-2024 was 1.86. Debt/EBITDA in Mar-2024 was 4.99. Interest coverage ratio in Mar-2024 was 2.65. Operating Cashflow to total debt in Mar-2024 was 0.10. Total revenue for Mar-2025(E) was ₹217248.15. Net income for Mar-2025(E) stood at ₹10850.62. Total assets as of Mar-2024 were ₹227,898.00. Operating cash flow for Mar-2024 was ₹12,078.00. The company’s borrowing relationships include Axis Bank limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of India (₹N/A Cr), Canara Bank (₹N/A Cr), ICICI Bank limited (₹N/A Cr), IDBI Bank limited (₹N/A Cr), Indian Bank (₹N/A Cr), Induslnd Bank limited (₹N/A Cr), Punjab National Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr), BNP Paribas (₹N/A Cr), Mizuho Bank limited (₹N/A Cr), MUFG Bank limited (₹N/A Cr), Proposed (₹N/A Cr), Bank of Baroda (₹N/A Cr), BNP Paribas (₹N/A Cr), DBS Bank India limited (₹N/A Cr), Federal Bank (₹N/A Cr), IDBI Bank limited (₹N/A Cr), IDFC First Bank limited (₹N/A Cr), Indian Bank (₹N/A Cr), Induslnd Bank limited (₹N/A Cr), J.P. Morgan Chase Bank N.A. (₹N/A Cr), Kotak Mahindra Bank limited (₹N/A Cr), Mizuho Bank limited (₹N/A Cr), MUFG Bank limited (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr), Yes Bank limited (₹N/A Cr), Axis Bank limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of India (₹N/A Cr), Canara Bank (₹N/A Cr), ICICI Bank limited (₹N/A Cr), IDBI Bank limited (₹N/A Cr), Indian Bank (₹N/A Cr), Induslnd Bank limited (₹N/A Cr), Punjab National Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr), Abu Dhabi Commercial Bank limited (₹N/A Cr), Axis Bank limited (₹N/A Cr), Bajaj Finance limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Maharashtra (₹N/A Cr), BNP Paribas (₹N/A Cr), Canara Bank (₹N/A Cr), Central Bank of India (₹N/A Cr), Export Import Bank of India (₹N/A Cr), First Abu Dhabi Bank PJSC (₹N/A Cr), HDFC Bank limited (₹N/A Cr), HDFC limited (₹N/A Cr), ICICI Bank limited (₹N/A Cr), IDBI Bank limited (₹N/A Cr), Indian Bank (₹N/A Cr), Induslnd Bank limited (₹N/A Cr), J.P. Morgan Chase Bank N.A. (₹N/A Cr), Jammu and Kashmir Bank Limited (₹N/A Cr), Japan Bank for International Cooperation (₹N/A Cr), KFW IPEX Bank (₹N/A Cr), Kotak Mahindra Bank limited (₹N/A Cr), MashreqBank PSC (₹N/A Cr), Mizuho Bank limited (₹N/A Cr), NIIF Infrastructure Finance limited (₹N/A Cr), Proposed (₹N/A Cr), Punjab & Sind Bank (₹N/A Cr), Punjab National Bank (₹N/A Cr), Societe Generale (₹N/A Cr), UCO Bank (₹N/A Cr), Union Bank of India (₹N/A Cr), Woori Bank (₹N/A Cr). Peers and comparison entities consist of Jsw Steel Limited, Tata Steel limited, Jindal Steel And Power limited, Lloyds Metals And Energy limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: JSWSL’s established presence in the Indian steel industry and strong track record of the management; Wide product offering; Despite decline in average realisations, profitability witnessed improvement in FY24 over FY23; Captive mines and power generation to support cost; Leveraged capital structure; solvency ratios to remain elevated in the near term; Domestic Steel outlook for FY25; Recent developments in the steel sector; Liquidity: Adequate. Key risks include: Commitment towards various capital-intensive projects and related risks; Exposed to foreign exchange risk; Cyclicality of the steel industry. Leadership team details include B C Sateesha (Nominee Director), Fiona Jane Mary Paulus (Independent Non-Executive Director), Gajraj Singh Rathore (Whole Time Director & COO), Haigreve Khaitan (Independent Non-Executive Director), Hiroyuki Ogawa (Nominee Director), Jayant Acharya (Joint Managing Director & CEO), Lancy Varghese (Company Secretary & Compliance Officer), Marcel Fasswald (Independent Non-Executive Director), Nirupama Rao (Independent Non-Executive Director), Rajeev Pai (Chief Financial Officer), Sajjan Jindal (Chairman & Managing Director), Savitri Devi Jindal (Chairperson Emeritus), Seturaman Mahalingam (Independent Non-Executive Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.