Company Valuation: JSW Steel Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,762,464 1,651,666 2,022,334 2,589,880 2,740,048 3,044,031 - -
Change - -6.29% 22.44% 28.06% 5.8% 11.09% - -
Enterprise Value (EV) 1 2,310,924 2,232,896 2,754,574 3,374,710 3,280,298 3,633,408 3,619,057 3,638,303
Change - -3.38% 23.36% 22.51% -2.8% 10.76% -0.39% 0.53%
P/E 8.57x 40.1x 23x 74.2x 12.3x 17.6x 16.1x 14.6x
PBR 2.61x 2.48x 2.61x 3.26x 2.74x 2.64x 2.3x 2.02x
PEG - -0.5x 0x -1.2x 0x -0.8x 1.66x 1.51x
Capitalization / Revenue 1.2x 1x 1.16x 1.53x 1.48x 1.44x 1.36x 1.26x
EV / Revenue 1.58x 1.35x 1.57x 2x 1.77x 1.72x 1.61x 1.5x
EV / EBITDA 5.92x 12x 9.76x 14.7x 11x 9.35x 8.58x 8.02x
EV / EBIT 7x 20.2x 13.7x 24.8x 16.2x 12.2x 11.3x 10.7x
EV / FCF 14.3x 26.1x -74x 41.1x 31.2x 52.4x 40.9x 36.9x
FCF Yield 7% 3.82% -1.35% 2.43% 3.2% 1.91% 2.45% 2.71%
Dividend per Share 2 17.35 3.4 7.3 2.8 7.1 7.766 8.346 9.37
Rate of return 2.37% 0.49% 0.88% 0.26% 0.63% 0.62% 0.67% 0.75%
EPS 2 85.49 17.14 36.17 14.32 91.25 70.82 77.67 85.17
Distribution rate 20.3% 19.8% 20.2% 19.6% 7.78% 11% 10.7% 11%
Net sales 1 1,463,710 1,659,600 1,750,060 1,688,240 1,854,700 2,107,868 2,241,335 2,418,614
EBITDA 1 390,070 185,470 282,360 229,040 298,210 388,410 421,662 453,853
EBIT 1 330,060 110,730 200,640 135,950 202,200 297,400 320,737 340,117
Net income 1 206,650 22,350 88,120 35,040 223,160 173,233 190,428 212,396
Net Debt 1 548,460 581,230 732,240 784,830 540,250 589,377 575,026 594,273
Reference price 2 732.60 688.05 831.35 1,062.95 1,122.75 1,247.05 1,247.05 1,247.05
Nbr of stocks (in thousands) 2,405,766 2,400,504 2,432,590 2,436,502 2,440,480 2,440,985 - -
Announcement Date 5/27/22 5/19/23 5/17/24 5/23/25 5/14/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.61x1.72x9.35x0.62% 32.05B
14.31x1.6x8.25x0.83% 61.44B
7.67x1.61x4.28x8.71% 50.14B
19.92x0.8x6.74x1.01% 45.82B
14.23x1.55x9.06x0.86% 35.1B
18.2x2.28x5.72x3.6% 31.36B
12.04x1.11x6.68x2.47% 22.54B
11.99x0.76x6.24x3.63% 21.97B
16.17x1.23x10.68x1.15% 22.05B
13.85x0.48x4.82x4.38% 19.56B
Average 14.60x 1.31x 7.18x 2.73% 34.2B
Weighted average by Cap. 14.54x 1.39x 7.15x 2.76%

Y-o-Y evolution of P/E

Valuation ratios - P/E - JSW Steel Limited

Historical PBR trend

Valuation ratios - PBR - JSW Steel Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - JSW Steel Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - JSW Steel Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - JSW Steel Limited
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