JSWSTEEL.NS JSW Steel Limited
INR·Price 1275.80·Mkt cap 3.11TComputed from the latest reported financials and the current market price.
Who's the real player?
A genuine play on this theme — most of its business sits right here.
Is the business healthy?
A mixed picture — real strengths, but soft spots in cash flow, returns or debt.
- ⚠Weak FCF conversion (<50% of net income turns into free cash)
- ⚠Receivables growing much faster than revenue (channel-stuffing risk)
- Strong growth quality
- Healthy balance sheet
- Positive Piotroski F score
Are the smart people buying?
No ownership-change data for this stock. The score reflects heavy growth investment (capex) and buybacks, not visible insider buying.
- High promoter/insider ownership
- Significant insider net buys
- Capex growth of 15.4%
- Buyback activity
What is management saying?
No earnings-call transcript or filings found for this stock.
Is the price right?
Intrinsic value 343.55 vs price 1275.80 — screens expensive on a cash-flow DCF (-73.1% to intrinsic). Not applicable due to missing reverse-DCF implied growth.
| Intrinsic / share | 343.55 |
| Price | 1275.80 |
| Upside to intrinsic | -73.1% |
| Reverse-DCF implied g | 19.1% |
Base FCF 93.52B · growth 7.1% · discount 12.0% · terminal 5.0%.
Sensitivity — intrinsic value / share
Each cell is the intrinsic value at that growth (across →) and discount rate (down ↓). Center ★ is the base case. Cells green = above price (cheap), red = below (expensive).
| Growth rate → | |||||
|---|---|---|---|---|---|
| Disc ↓ ╲ g | 3% | 5% | 7% | 9% | 11% |
| 10% | 368.14 | 485.36 | 622.46 | 782.54 | 969.1 |
| 11% | 255.43 | 349.68 | 459.62 | 587.65 | 736.52 |
| 12% | 174.76 | 252.79 | ★ 343.55 | 448.99 | 571.3 |
| 13% | 114.12 | 180.12 | 256.7 | 345.43 | 448.12 |
| 14% | 66.84 | 123.62 | 189.3 | 265.23 | 352.91 |
Through the masters' eyes
Each investor's numeric rules, checked against this stock's metrics: exact math, no guesswork. Tap one to see which rules pass, fail, and what to judge yourself.
▶
Passes 2 of 3 of Rakesh Jhunjhunwala's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 18% — now 22.3%
- Net margin ≥ 10% — now 12.3%
- Conservative leverage (D/E ≤ 1.0) — now 1.19
- A large, scalable opportunity
- Trustworthy, ambitious management
- Conviction to hold through volatility
Couldn't check from available data: Earnings growth ≥ 15% — not available
▶
Passes 3 of 5 of Warren Buffett's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 15% — now 22.3%
- Net margin ≥ 10% — now 12.3%
- Positive free cash flow — now 5.8%
- Conservative leverage (D/E ≤ 1.0) — now 1.19
- Trades below intrinsic value (margin of safety ≥ 0) — now -271.4%
- A business you can understand
- A durable competitive moat
- Honest, capable management
▶
Passes 2 of 4 of Radhakishan Damani's numeric checks. Still judge the non-numeric criteria below for yourself.
- Consistent revenue (consistency ≥ 80%) — now 94.6%
- Positive net margin — now 12.3%
- High returns on capital (ROCE ≥ 18%) — now 10.1%
- Very low debt (D/E ≤ 0.5) — now 1.19
- A durable consumer franchise
- Pricing power
- A long runway, bought patiently
▶
Passes 1 of 2 of Raamdeo Agrawal's numeric checks. Still judge the non-numeric criteria below for yourself.
- Longevity: revenue consistency ≥ 70% — now 94.6%
- Quality: ROCE ≥ 18% — now 10.1%
- Durability of the growth (longevity)
- Quality and honesty of management
Couldn't check from available data: Growth: earnings CAGR ≥ 15% — not available; Price: PEG ≤ 2 — not available
▶
Passes 1 of 2 of Vijay Kedia's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 15% — now 22.3%
- Manageable debt (D/E ≤ 1.0) — now 1.19
- Ambitious, capable management
- A small company with a large opportunity
- Patience to hold for years
Couldn't check from available data: Strong earnings growth ≥ 20% — not available
▶
Passes 1 of 4 of Charlie Munger's numeric checks. Still judge the non-numeric criteria below for yourself.
- ROE ≥ 15% — now 22.3%
- High returns on capital (ROCE ≥ 15%) — now 10.1%
- Conservative leverage (D/E ≤ 1.0) — now 1.19
- Trades below intrinsic value (margin of safety ≥ 0) — now -271.4%
- A high-quality, understandable business
- A durable moat
- Management of integrity
▶
Passes 1 of 6 of Benjamin Graham's numeric checks. Still judge the non-numeric criteria below for yourself.
- P/E ≤ 15 — now 13.95
- P/B ≤ 1.5 — now 3.11
- Graham number: P/E × P/B ≤ 22.5 — now 43.4
- Strong liquidity (current ratio ≥ 1.5) — now 1.49
- Debt below equity (D/E ≤ 1.0) — now 1.19
- Financially safe (Altman Z ≥ 3) — now 2.58
- A long record of stable earnings
- An uninterrupted dividend history
▶
Passes 0 of 2 of Peter Lynch's numeric checks. Still judge the non-numeric criteria below for yourself.
- Manageable debt (D/E ≤ 1.0) — now 1.19
- Solid liquidity (current ratio ≥ 1.5) — now 1.49
- A simple business you understand
- Which 'type' it is (fast grower, stalwart, cyclical…)
- A believable growth story
Couldn't check from available data: PEG ≤ 1 (growth cheap vs price) — not available; Earnings growth ≥ 15% — not available
Financial statements (INR)
↗ sourceCash-flow lines highlighted — we trust cash over reported profit.
| Line | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 1.82T | 1.67T | 1.73T | 1.64T | — |
| Operating income | 202.20B | 135.95B | 204.96B | 131.59B | — |
| EBITDA | 479.53B | 227.98B | 291.83B | 193.89B | — |
| Net income | 223.16B | 35.04B | 88.12B | 41.44B | — |
| Operating cash flow | 251.52B | 208.99B | 120.78B | 233.23B | — |
| Capex | -146.54B | -126.94B | -158.01B | -147.84B | — |
| Free cash flow | 104.98B | 82.05B | -37.23B | 85.39B | — |
| Total assets | 2.70T | 2.41T | 2.28T | 2.11T | — |
| Total equity | 1.00T | 794.96B | 776.69B | 656.95B | — |
| Total debt | 1.19T | 1.19T | 1.06T | 1.07T | — |
| Cash & equivalents | 392.56B | 110.45B | 54.60B | 154.24B | — |