JSW Steel Ltd is an India-based company that is engaged in the business of manufacturing and selling steel products. Its steel products include semis, hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and long products. JSW Steel, the flagship business of the diversified US$ 24 billion JSW Group, is not only a leading steel manufacturing company in India but also recognized as the best steel company in India.
JSW Steel Limited was founded in 1982 and is the main company of the JSW Group. It is a leading Indian multinational steel producer with its headquarters in Mumbai. It began when Piramal Steel Limited was bought and renamed Jindal Iron and Steel Company (JISCO). In 1994, Jindal Vijayanagar Steel Limited (JVSL) was established. In 2005, JISCO and JVSL merged to form JSW Steel, which quickly grew to become one of India's largest private steel companies.
Its flat steel products (including hot-rolled, cold-rolled, and galvanized products), which account for the majority of the company's steel volume, are used in Indian automotive, construction, infrastructure, engineering, and consumer durable industries. Its long products are used in the Indian construction, infrastructure, and automotive industries.
Its product portfolio includes hot-rolled coils, sheets and plates, cold-rolled coils, and sheets. The company also offers galvanized and galvalume products, pre-painted galvanized and galvalume products, thermo mechanically treated (TMT) bars, wire rods, and special steel bars.
The company operates through multiple manufacturing facilities across India. The company manufactures steel in various manufacturing facilities including Vijayanagar Works (ISP), Dolvi Works (ISP), Salem Works (ISP), Bhushan Power & Steel Ltd, Salav Works, and Mivaan Steels Ltd.
JSW Steel has an installed production capacity of 35.7 million tonnes per annum (MTPA) in India and the USA as of 2024. Over the last three decades, the company has grown from a single manufacturing unit to become India's leading integrated steel company with consolidated crude steel capacity of 35.7 MTPA including 1.5 MTPA in US.
JSW Steel sells many kinds of steel, such as hot-rolled, cold-rolled, galvanised, Galvalume®, TMT rebars, wire rods, and special steel. It is India's biggest steel exporter and does business in more than 140 countries. It operates in various countries including the US, Chile, the Netherlands, Mauritius, the UK, Mozambique, Singapore, and Italy.
The Company registered Revenue from Operations of ₹44,819 crores and Operating EBITDA of ₹6,378 crores, with an EBITDA margin of 14.2% during the quarter. JSW Steel reported a 15.7% rise in Q4 FY25 net profit to ₹1,503 crore, despite missing estimates.
JSW Steel posts Rs 3,491 crore net profit in FY25, down 61% YoY. Revenue from operations stood at Rs 1,68,824 crore, down 3.53% from Rs 1,75,006 crore in FY24.
The current market capitalization of JSW Steel is $29.3B. Mkt Cap: 2,54,670 Crore (up 10.8% in 1 year) as of recent market data.
The Company's Net Gearing (Net Debt to Equity) stood at 0.94x at the end of the quarter, as against 1.00x at the end of Q3 FY25, and Net Debt to EBITDA stood at 3.34x, as against 3.57x at the end of Q3 FY25. Net Debt as of 31st March 2025 stood at ₹76,563 crores, lower by ₹4,358 crores vs. 31st December 2024 due to healthy cash generation, release of working capital and calibrated capex.
The Company achieved consolidated annual Production of 27.79 million tonnes and Sales of 26.45 million tonnes, meeting the revised volume guidance announced in Q3 FY25. Consolidated Crude Steel Production for the quarter stood at 7.63 million tonnes, higher by 9% QoQ and 12% YoY.
Capacity utilization at the Indian operations was 93% during the quarter vs. 91% in Q3 FY25. Steel Sales for the quarter stood at 7.49 million tonnes, higher by 12% QoQ and 11% YoY.
The company generates the majority of its revenue from the Indian domestic market. JSW Steel serves various markets including construction, infrastructure, automobile, electrical applications, and appliances.
India's crude steel production rose by 6.8% YoY to 40.12MnT in Q4 FY25, and by 5.3% to 152MnT in FY25. Steel consumption grew by 11.2% YoY to 40.27MnT in Q4, while it was up 11.5% to 152MnT for FY25. This was the fourth consecutive year of double-digit steel demand growth in India.
The board also approved a fundraising plan of up to Rs 14,000 crore via a mix of non-convertible debentures (NCDs) and equity or convertible securities. The capital will be deployed to support the company's long-term growth strategy and expansion goals.
In May 2023, JSW Steel reached an in-principle agreement with JFE Steel to establish a 50:50 joint venture to manufacture cold-rolled grain-oriented (CRGO) electrical steel in India. In March 2024, JSW Steel Italy SRL inked an MoU with the Government of Italy to invest €140 million in restarting production at the Piombino plant.
The Equity Shares of the Company are listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited(NSE). Promoter Holding: 44.8%
JSW Steel continues to strengthen its position as India's leading integrated steel manufacturer, focusing on capacity expansion, operational efficiency, and strategic partnerships to capture the growing domestic steel demand while maintaining its export competitiveness in global markets.
