# JSW Steel share price today (JSW Steel Ltd, NSE: JSWSTEEL)

> JSW Steel share price today: ₹1,320.00 at the NSE close on 3 November 2026, up 9.5% in a year. JSW Steel (NSE: JSWSTEEL) is worth ₹3,22,800 crore, trades at a P/E of 20.6 and has closed between ₹1,079.60 and ₹1,334.90 over the past 52 weeks. > JSW Steel Ltd's earnings have grown faster than its share price. Earnings per share grew +536.8% in a year while the price moved +9.5%. JSWSTEEL · Steel · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/jsw-steel-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Getting better, from fewer quarters than usual
- Price: ₹1,320.00 (+9.5% in a year)
- P/E: 20.6× (higher than 55% of the last 11 years)
- Revenue (Sep 2026): ₹54,486 Cr (+20.7% on a year ago)
- Profit (Sep 2026): ₹5,359 Cr (+225.6% on a year ago)
- Operating margin: 19.0% (+3.0 points on a year ago)
- ROCE: 11%, FY26
- Profit that came in as cash: 153%, last 3 years

The main question: yearly earnings per share moved +536.8% while the share price moved +9.5%. ## What is the JSW Steel share price today? JSW Steel Ltd's share price was ₹1,320.00 at the close on 3 November 2026. It has been rising for 179 weeks. That is 7.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,080 and ₹1,335, and at that close it sat 94% of the way up from that low. 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 +1,101% 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. ## What changed at JSW Steel this quarter? 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. ## What are JSW Steel's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹54,486 crore | ₹45,152 crore | +20.7% |
| Profit | ₹5,359 crore | ₹1,646 crore | +225.6% |
| Earnings per share | ₹21.59 | ₹6.64 | +225.2% |
| Operating margin | 19.0% | 16.0% | +3.0 points |

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.)

## What is the JSW Steel share price history? JSW Steel closed at ₹1,320.00 on 3 November 2026, up 9.5% from ₹1,206.00 a year earlier (31 October 2025) and up 94.5% over five years. Its highest weekly close since February 2016 was ₹1,334.90 on 28 August 2026. ### JSW Steel share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,185.50 | +11.3% |
| 1 month ago · 1 Oct 2026 | ₹1,233.00 | +7.1% |
| 6 months ago · 30 Apr 2026 | ₹1,264.50 | +4.4% |
| 1 year ago · 31 Oct 2025 | ₹1,206.00 | +9.5% |
| 3 years ago · 3 Nov 2023 | ₹746.05 | +76.9% |
| 5 years ago · 4 Nov 2021 | ₹678.65 | +94.5% |
| 10 years ago · 4 Nov 2016 | ₹159.14 | +729.5% |
| Earliest and lowest weekly close in our records · 26 Feb 2016 | ₹109.91 | +1,101.0% |
| Highest weekly close since February 2016, also the 52-week high · 28 Aug 2026 | ₹1,334.90 | −1.1% |
| 52-week low (weekly close) · 19 Dec 2025 | ₹1,079.60 | +22.3% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (565 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on JSW Steel? 3 Nov 2026: JSW Steel closed at ₹1,320.00, up 11.3% on the week and up 7.1% 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. ## What dividend does JSW Steel pay? JSW Steel paid ₹7.10 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.54% at the ₹1,320.00 close on 3 November 2026. The last was a dividend of ₹7.10 a share, ex-date 7 July 2026. ### JSW Steel dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 7 Jul 2026 | ₹7.10 | Dividend |
| 8 Jul 2025 | ₹2.80 | Dividend |
| 9 Jul 2024 | ₹7.30 | Dividend |
| 11 Jul 2023 | ₹3.40 | Dividend |
| 4 Jul 2022 | ₹17.35 | Dividend |
| 5 Jul 2021 | ₹6.50 | Dividend |

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. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did JSW Steel management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/163-23-Oct-2026.pdf). (From the call for July to September 2026, 23 October 2026.)

## What to watch in JSW Steel's next results? 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. - What to check (from the call)
- Q3 volume lift from full BF3 and JVML production - compare reported production with management's expected sequential increase. - Utkal, Karnataka mine, slurry-pipeline and Khopoli shredder milestones - check progress against announced commissioning windows. ## Which stock lists is JSW Steel on? JSW Steel is on 2 of our India lists: Nifty 50 companies and Copper & metal stocks. - [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)
- [Copper & metal stocks Group on the list: Steel, stainless steel and ferro alloys](https://www.sectoralpha.in/copper-stocks-india)

## Is JSW Steel profitable? 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. 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. ## How much revenue does JSW Steel make, and is it growing? 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. 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). ## How much of every ₹100 of sales does JSW Steel keep? 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. 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. ## Is JSW Steel's profit turning into cash? 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. 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. ## Where does JSW Steel's cash go? 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. 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. ## What is JSW Steel's P/E ratio, and how does it compare with its own history? JSW Steel Ltd's P/E is 20.6×, in the middle of its own history: higher than 55% 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. Why the multiple is where it is: over the past year earnings per share moved +536.8% while the price moved +9.5%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +14.2% a year; about −4.9% a year came from earnings growth and about +19.1 percentage points from the multiple (the market paying more); over 10 years the price moved +23.6% a year; about +16.2% a year came from earnings growth and about +7.4 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 15% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the JSW Steel business getting better or worse? JSW Steel Ltd's business is getting better. Profit growth hit its low 6 quarters ago at −61.1% and has recovered to +421.9%, with ROCE rising at 11.0%. This is based on 9 quarters of 4 measures, with some gaps. Why it matters: a lasting rise from a low is what this page is built to show. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does JSW Steel earn on its capital? JSW Steel Ltd earned a ROCE of 11% in FY26. That is up from a low of 5% in FY16. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 13.8% net margin and 0.69× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 13.8% net margin × 0.69× asset turnover × 2.70× leverage (assets divided by equity) ≈ 25.7% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 15% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does JSW Steel have too much debt? JSW Steel Ltd had ₹99,310 Cr of borrowings against ₹1,00,053 Cr of equity in FY26, so its debt is 0.99× its equity. Its operating profit is 3 times its interest bill. Over 5 years borrowings went from ₹66,727 Cr to ₹99,310 Cr. Over the last 3 of those years it spent ₹39,908 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 15% on reported income across 16 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the JSW Steel shareholding pattern? No group of JSW Steel Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved −0.6 points over the same period, to 44.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +0.8 points over 8 quarters, to 11.3%; Promoters: −0.6 points over 8 quarters, to 44.3%; Foreign institutions: +0.6 points over 8 quarters, to 26.2%. ## How far is JSW Steel from balance-sheet trouble? For JSW Steel Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does JSW Steel rank in its industry? 57.0 out of 100, rank 3 of 10 in Steel, with 75% of the evidence available. JSW Steel Ltd scores 57.0 out of 100 against the 10 companies it is compared with in Steel, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 23 + 12.8 + 9.8 + 11.4 = 57. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is JSW Steel compared with? JSW Steel ranks 3 of 10 Steel companies on the 4-Factor Sector Score, with 57.0 out of 100. 1. [Manaksia Steels Ltd](https://www.sectoralpha.in/stocks/manaksia-steels-ltd) MANAKSTEEL · breaking out · Most evidence points up · 81% evidence 72.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 81.2% · Profit 100% · Operating margin change 5.1 points · 88% evidence Capital efficiency 15.3/25 · ROCE 14.4% · Operating margin 10% · 100% evidence Valuation 15.9/20 · P/E 12.7× · PEG 0.33 · 100% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 53.7% · 1 year n/a · 25% evidence · 11 of 11 weeks ahead Exact sum: 28.6 + 15.3 + 15.9 + 12.5 = 72.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Mangalam Worldwide Ltd](https://www.sectoralpha.in/stocks/mangalam-worldwide-ltd) MWL · leader · Evidence leans up · 100% evidence 57.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue 8.8% · Profit 48.6% · Operating margin change 4 points · 100% evidence Capital efficiency 15.4/25 · ROCE 17.7% · Operating margin 11% · 100% evidence Valuation 12.2/20 · P/E 20× · PEG 1.04 · 100% evidence Relative strength 13.2/20 · Lead over its industry 4.1% · Lead over NIFTY 500 18.8% · 1 year 63.7% · 100% evidence · 10 of 12 weeks ahead Exact sum: 16.6 + 15.4 + 12.2 + 13.2 = 57.4 · What this means: Relative strength against the index is 18.8%, and revenue and profit growth are weak. 3. JSW Steel Ltd this page JSWSTEEL · turning · Evidence leans up · 75% evidence 57.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Revenue 14.1% · Profit 100% · Operating margin change 3 points · 95% evidence Capital efficiency 12.8/25 · ROCE 11% · Operating margin 19% · 76% evidence Valuation 9.8/20 · P/E 19.4× · PEG n/a · 15% evidence Relative strength 11.4/20 · Lead over its industry -8.1% · Lead over NIFTY 500 6.8% · 1 year 3.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 23 + 12.8 + 9.8 + 11.4 = 57 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Steel Authority of India Ltd](https://www.sectoralpha.in/stocks/steel-authority-of-india-ltd) SAIL · losing its lead · Evidence leans up · 100% evidence 54.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.8/35 · Revenue 9.4% · Profit 100% · Operating margin change 4 points · 100% evidence Capital efficiency 9.4/25 · ROCE 7.9% · Operating margin 13% · 100% evidence Valuation 15.4/20 · P/E 11.1× · PEG 0.57 · 100% evidence Relative strength 6.9/20 · Lead over its industry -11.2% · Lead over NIFTY 500 2.4% · 1 year 17.6% · 100% evidence · 5 of 12 weeks ahead Exact sum: 22.8 + 9.4 + 15.4 + 6.9 = 54.5 · What this means: Earnings are strong; relative strength in its sector is -11.2% and the one-year return is 17.6%. 5. [Mukand Ltd](https://www.sectoralpha.in/stocks/mukand-ltd) MUKANDLTD · breaking out · Evidence leans up · 86% evidence 52.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue 7.6% · Profit 100% · Operating margin change -3.7 points · 88% evidence Capital efficiency 4.7/25 · ROCE 4.4% · Operating margin 0.5% · 100% evidence Valuation 14.4/20 · P/E 3.2× · PEG n/a · 50% evidence Relative strength 14.1/20 · Lead over its industry -6.6% · Lead over NIFTY 500 8.2% · 1 year -0.6% · 100% evidence · 7 of 12 weeks ahead Exact sum: 18.8 + 4.7 + 14.4 + 14.1 = 52 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Tata Steel Ltd](https://www.sectoralpha.in/stocks/tata-steel-ltd) TATASTEEL · quiet · Evidence leans down · 89% evidence 42.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Revenue 10.5% · Profit 100% · Operating margin change 1 points · 88% evidence Capital efficiency 12.6/25 · ROCE 12.5% · Operating margin 15% · 100% evidence Valuation 10.0/20 · P/E 17.7× · PEG 1.74 · 65% evidence Relative strength 0.6/20 · Lead over its industry -20.4% · Lead over NIFTY 500 -7.3% · 1 year -8.3% · 100% evidence · 1 of 12 weeks ahead Exact sum: 19.1 + 12.6 + 10 + 0.6 = 42.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [NMDC Steel Ltd](https://www.sectoralpha.in/stocks/nmdc-steel-ltd) NSLNISP · quiet · Evidence leans down · 79% evidence 36.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.9/35 · Revenue 41.6% · Profit 100% · Operating margin change -1 points · 88% evidence Capital efficiency 4.9/25 · ROCE 3.1% · Operating margin 11% · 100% evidence Valuation 8.5/20 · P/E 132× · PEG n/a · 15% evidence Relative strength 3.4/20 · Lead over its industry -19.1% · Lead over NIFTY 500 -5.9% · 1 year -12.5% · 100% evidence · 1 of 12 weeks ahead Exact sum: 19.9 + 4.9 + 8.5 + 3.4 = 36.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [India Homes Ltd](https://www.sectoralpha.in/stocks/india-homes-ltd) INDIAHOMES · Too little evidence to rank firmly · 37% evidence 56.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.8/43.75 · Revenue 100% · Profit 100% · Operating margin change 11094.8 points · 53% evidence Capital efficiency 16.0/31.25 · ROCE 17.5% · Operating margin n/a · 61% evidence Valuation 11.1/25 · P/E 60.9× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 29.8 + 16 + 11.1 = 56.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [Safe Enterprises Retail Fixtures Ltd](https://www.sectoralpha.in/stocks/safe-enterprises-retail-fixtures-ltd) SAFEENTP · turning · Too little evidence to rank firmly · 42% evidence 52.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue n/a · Profit n/a · Operating margin change 1 points · 15% evidence Capital efficiency 19.1/25 · ROCE 47.1% · Operating margin 35% · 57% evidence Valuation 10.5/20 · P/E 17× · PEG n/a · 15% evidence Relative strength 6.0/20 · Lead over its industry -15.9% · Lead over NIFTY 500 -1.9% · 1 year 20% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.5 + 19.1 + 10.5 + 6 = 52.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Rajputana Stainless Ltd](https://www.sectoralpha.in/stocks/rajputana-stainless-ltd) RSL · breaking out · Too little evidence to rank firmly · 45% evidence 47.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.1/43.75 · Revenue n/a · Profit n/a · Operating margin change 0 points · 48% evidence Capital efficiency 18.9/31.25 · ROCE 25.3% · Operating margin 9% · 100% evidence Valuation 11.4/25 · P/E 23.9× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 17.1 + 18.9 + 11.4 = 47.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Steel](https://www.sectoralpha.in/sectors/steel), all 10 compared on one page. ## Which companies are close to JSW Steel in size? JSW Steel is the largest of 10 Steel companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Tata Steel, Steel Authority of India, NMDC Steel, Mukand, Rajputana Stainless and Mangalam Worldwide. ### Steel companies close in size

1. JSW Steel Ltd ₹3,04,704 crore
2. [Tata Steel Ltd](https://www.sectoralpha.in/stocks/tata-steel-ltd) ₹2,09,224 crore
3. [Steel Authority of India Ltd](https://www.sectoralpha.in/stocks/steel-authority-of-india-ltd) ₹66,501 crore
4. [NMDC Steel Ltd](https://www.sectoralpha.in/stocks/nmdc-steel-ltd) ₹11,037 crore
5. [Mukand Ltd](https://www.sectoralpha.in/stocks/mukand-ltd) ₹2,044 crore
6. [Rajputana Stainless Ltd](https://www.sectoralpha.in/stocks/rajputana-stainless-ltd) ₹1,406 crore
7. [Mangalam Worldwide Ltd](https://www.sectoralpha.in/stocks/mangalam-worldwide-ltd) ₹1,105 crore

[All 10 Steel companies, largest first](https://www.sectoralpha.in/sectors/steel#all-companies)

### Companies close in size in other industries

1. [Hindustan Aeronautics Ltd](https://www.sectoralpha.in/stocks/hindustan-aeronautics-ltd) ₹3,24,603 crore · Aerospace & Defence - Equipments
2. [NTPC Ltd](https://www.sectoralpha.in/stocks/ntpc-ltd) ₹3,06,657 crore · Power - Generation/Distribution
3. JSW Steel Ltd ₹3,04,704 crore
4. [Bajaj Auto Ltd](https://www.sectoralpha.in/stocks/bajaj-auto-ltd) ₹2,84,422 crore · Auto - 2 & 3 Wheelers
5. [Oil & Natural Gas Corpn Ltd](https://www.sectoralpha.in/stocks/oil-natural-gas-corpn-ltd) ₹2,83,547 crore · Oil Drilling & Exploration

## What else do people ask about JSW Steel? ### What is JSW Steel's share price today? JSW Steel Ltd's share price is ₹1,320.00, +9.5% over the past year. The whole company is worth ₹3,22,800 Cr on the market. In the last 52 weeks it traded between ₹1,080 to ₹1,335; today it is 94% of the way up from the low, 7.3% above its 200-day average (as of 3 November 2026). ### What were JSW Steel's latest quarterly results? JSW Steel Ltd reported revenue of ₹54,486 Cr and net profit of ₹5,359 Cr for the Sep 2026 quarter. Revenue rose 20.7% and profit rose 225.6% compared with a year earlier. Earnings per share were ₹21.59. The operating margin was 19.0%, 3.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is JSW Steel's market cap? JSW Steel Ltd's market capitalisation is ₹3,22,800 Cr at a share price of ₹1,320.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is JSW Steel performing? JSW Steel Ltd's share price has been rising for 179 weeks. In its latest quarter, revenue rose 20.7% and profit rose 225.6% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 12 weeks running (as of 3 November 2026). ### Will JSW Steel's share price go up? This page does not forecast JSW Steel Ltd's share price. What it shows instead: the share price is ₹1,320.00, and it has been rising for 179 weeks. Its P/E of 20.6× is higher than 55% of its own last 11 years (as of 3 November 2026). ### Where is JSW Steel in its business cycle? JSW Steel Ltd's FY26 operating margin was 16.0%, against a 13-year range of 11.0% to 27.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 19.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the JSW Steel story? The main question: yearly earnings per share moved +536.8% while the share price moved +9.5%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is JSW Steel a stock worth studying right now? What the numbers show: JSW Steel Ltd's earnings have grown faster than its share price. Earnings per share grew +536.8% in a year while the price moved +9.5%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a JSW Steel share price forecast for 2026? What management itself guided: FY27 domestic steel demand expected to grow 7%-8%; production and sales guidance remains on track. ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list
- Copper & metal stocks: https://www.sectoralpha.in/copper-stocks-india

This is research, not advice. We’re not SEBI-registered.