JSW Steel share price today

JSW Steel Ltd's share price was ₹1,343.00 at the close on 4 November 2026. It has been rising for 179 weeks. That is 9.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,080 and ₹1,343, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today JSW Steel Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 12 weeks in a row.

Over the last 11 years the share price moved +1,122% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit up on a year earlier for 7 quarters in a row, revenue up on a year earlier for 6 quarters in a row and highest quarterly revenue in 16 quarters.

1. Profit up on a year earlier for 7 quarters in a row

   In the September 2026 quarter profit was ₹5,359 crore, +225.6% on a year earlier.

   Why: Profit rose because demand recovered late in Q2 and the company sold more, led by auto and value-added products.

   Next results: check whether margins improve from the Q2 base as input costs are offset.

   From the earnings call on 23 Oct 2026.

2. Revenue up on a year earlier for 6 quarters in a row

   In the September 2026 quarter revenue was ₹54,486 crore, +20.7% on a year earlier.

   Why: Revenue rose because demand recovered late in Q2 and the company sold more, led by auto and value-added products.

   Next results: check whether Q3 output is higher with full BF3 and JVML production.

   From the earnings call on 23 Oct 2026.

3. Highest quarterly revenue in 16 quarters

   Revenue of ₹54,486 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: The record quarter came as demand recovered late in Q2 and sales hit new highs, led by auto and value-added products.

   From the earnings call on 23 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), JSW Steel reported revenue of ₹54,486 crore, up 20.7% from ₹45,152 crore a year earlier, and a profit of ₹5,359 crore, up 225.6% from ₹1,646 crore.

JSW Steel results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

JSW Steel's management discussed these results on a call held on 23 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

JSW Steel closed at ₹1,343.00 on 4 November 2026, up 14.6% from ₹1,171.70 a year earlier (7 November 2025) and up 97.9% over five years. Its highest weekly close since February 2016 was ₹1,343.00 on 4 November 2026.

JSW Steel share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

565 weekly closes from 26 February 2016 to 4 November 2026.

4 Nov 2026: JSW Steel closed at ₹1,343.00, up 7.8% on the week and up 8.9% on the month. 23 Oct 2026: JSW Steel held its results call for July to September 2026. Management guided: FY27 domestic steel demand expected to grow 7%-8%; production and sales guidance remains on track.

Earlier

• Results for July to September 2026: Revenue up 20.7% and profit up 225.6% on a year earlier.
• 7 Jul 2026: ex-date for a dividend of ₹7.10 a share.

JSW Steel paid ₹7.10 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.53% at the ₹1,343.00 close on 4 November 2026. The last was a dividend of ₹7.10 a share, ex-date 7 July 2026.

JSW Steel dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. JSW Steel Ltd paid out 10% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 23 October 2026, JSW Steel's management guided: FY27 domestic steel demand expected to grow 7%-8%; production and sales guidance remains on track.

“This capex build does not rely on significantly positive steel prices.”Swayam Saurabh, CFO, on the call for July to September 2026

What management guided

• FY27 capital spending ₹22,000-24,000 crore; H1 spend ₹11,136 crore; total plan ₹1.48 lakh crore over 5-6 years, primarily from internal accruals; India capacity goal 78 Mt including JVs by FY32.
• Q3 volumes expected higher on full BF3 and JVML production; coking coal costs +$25/t, iron ore marginally higher, with costs expected to be offset and margin to improve incrementally over Q2.
• October steel-price increases expected to flow fully into Q3 realizations.
• Utkal Phase I and II are 5 Mt each, planned for October to December 2029 and April to June 2030 commissioning; combined cost about ₹48,000 crore.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 23 October 2026.

When JSW Steel reports October to December 2026, these are the 2 checks that show whether the story is still on course. First: Q3 volume lift from full BF3 and JVML production - compare reported production with management's expected sequential increase.

JSW Steel is on 2 of our India lists: Nifty 50 companies and Copper & metal stocks.

JSW Steel Ltd earned ₹5,359 Cr of net profit in the Sep 2026 quarter, +225.6% on the same quarter a year earlier. That is the 7th quarter in a row of profit growth. Full-year FY26 profit was ₹25,508 Cr. That is 9.8% of the quarter's revenue. The same quarter a year earlier earned ₹1,646 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹25,508 Cr (+630.7% on the year before).

Why profit moved: revenue changed +20.7% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +438.8% and revenue +13.9%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

JSW Steel Ltd reported ₹54,486 Cr of revenue in the Sep 2026 quarter, +20.7% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 10 years it has grown 16.1% a year on average. The last full year, FY26, came in at ₹1,85,470 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,99,021 Cr.

FY26 revenue was ₹1,85,470 Cr, +9.9% on the year before.

Recent pace: the last four quarters grew +13.9% on average, against 16.1% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +14.1%, against +7.9% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +421.9%, against +150.7% a year (accelerating).

JSW Steel Ltd's operating margin was 19.0% in the Sep 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 11.0% and 27.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +3.0 percentage points on the year while gross margin changed −2.6 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 153% of JSW Steel Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹25,152 Cr of operating cash against ₹25,508 Cr of profit. After ₹3,572 Cr of spending on assets, ₹21,580 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 153% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

JSW Steel Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 16 days in FY26, up from 9 days in FY21. It spent ₹39,908 Cr on assets over the last 3 years. Customers take 22 days to pay, and stock sits for 124 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,85,470 Cr, each day of that cycle ties up about ₹508 Cr, so roughly ₹8,130 Cr is tied up in the business at any time.

FY26: customers took 22 days to pay and stock sat for 124 days, about 4.1 months of sales sitting as stock, for a full cycle of 16 days, longer than FY21's 9.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 124 days. Customers pay about 22 days after that. Suppliers are paid at 130 days. Together that makes the 16-day cycle.

Spending on assets: ₹39,908 Cr over the last 3 years, against ₹27,082 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹22,315 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

JSW Steel Ltd's P/E is 20.9×, in the middle of its own history: higher than 56% of past readings. Its usual P/E (the middle reading) is 18.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.