NSE: JSWSTEEL | BSE: 500228

Mid-range Performer

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1214.80 5.10 (0.42%)

29.93% Gain from 52W Low

1.8M NSE+BSE Volume

NSE 10 Apr, 2026 3:31 PM (IST)

297,073.8

Market Cap

Market Leader

Beta 1Year

Very High Volatility

JSW Steel Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for JSWSTEEL, BSE:500228 JSW Steel Ltd.

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JSW Steel Ltd.

10 Mar 2026

1214.80

0.42%

Favorable macros to support margin recovery; longterm growth backed by capacity expansion

Buy: JSW Steel Ltd.

Target

Motilal Oswal

JSW Steel (JSTL) has outlined a structured expansion roadmap targeting ~56MTPA crude steel capacity by FY31 (India ex-BPSL: 50MTPA). The 5MTPA integrated steel plant at Jagatsinghpur (Odisha) remains the cornerstone project, comprising BF, SMS, and HSM (900–2,150mm) with ~350MW CPP.

Number of FII/FPI investors increased from 674 to 701 in Dec 2025 qtr.

JSW Steel Ltd.

27 Jan 2026

1214.80

0.42%

JSW Steel: Q3FY26 Result Review

Hold: JSW Steel Ltd.

Target

IDBI Capital

JSW Steel's Q3FY26 performance was above our estimates. Revenue increased by 2% QoQ, driven by 4% volume growth as Dolvi, JVML and BPSL capacities ramped up. NSR decreased 3% QoQ, owing to a decline in steel prices. EBITDA decreased by 9% QoQ to Rs65bn, while EBITDA per tonne fell by 12% QoQ to Rs 8,503/t, driven by lower realization, $5/t increase in coking coal costs, partially offset by savings in power costs. Management expects HRC prices to improve further driven by strong seasonal demand. JSW announced a 5MTPA steel plant in Odisha with a capex of Rs316bn with commissioning expected by FY30 and...

Number of FII/FPI investors increased from 674 to 701 in Dec 2025 qtr.

JSW Steel Ltd.

25 Jan 2026

1214.80

0.42%

JSW Steel

Hold: JSW Steel Ltd.

Target

ICICI Direct

Current Steel Capacity: India- 34.2 million Ton (MT) & US- 1.5 MT Q3FY26 Results: JSW Steel reported a steady performance in Q3FY26. Consolidated topline stood 45,991 crore (up 11% YoY) with steel sales volume of 7.42 MT (up 14% YoY). Reported EBITDA stood at 6,496 crore with corresponding EBITDA margins at 14% (down ~163 bps QoQ). Standalone EBITDA/tonne stood at...

Promoters unpledged 0.77% of shares in last quarter. Total pledge stands at 11.70% of promoter holdings

JSW Steel Ltd.

25 Jan 2026

1214.80

0.42%

Operational performance in line; outlook remains bright

Buy: JSW Steel Ltd.

Motilal Oswal

JSW Steel (JSTL) posted in-line consolidated revenue of INR460b (+11% YoY and +2% QoQ) in 3QFY26, mainly on account of strong volume, which was partially offset by muted NSR.

Promoters unpledged 0.77% of shares in last quarter. Total pledge stands at 11.70% of promoter holdings

JSW Steel Ltd.

24 Jan 2026

1214.80

0.42%

JSW Steel (HOLD): Revenue better than expectations on volume growth

Hold: JSW Steel Ltd.

Target

BOB Capital Markets Ltd.

Revenue grew by 10.8%YoY driven by volume growth of 13.9%YoY. Realisation declined by 2.6%YoY

JSW Steel has gained 28.48% in the last 1 Year

JSW Steel Ltd.

04 Dec 2025

1214.80

0.42%

JSW Steel

Hold: JSW Steel Ltd.

Recommendation Target

ICICI Direct

Current Steel Capacity: India- 34.2 million Ton (MT) & US- 1.5 MT Key Event Update: JSW Steel has announced that it has entered into a strategic 50:50 joint venture with Japan's JFE Steel Corporation. As part of this arrangement, Bhushan Power and Steel Ltd (BPSL), currently owned by JSW Steel, will be transferred into the new joint venture entity. JFE Steel will acquire a 50% stake for...

JSW Steel has gained 28.48% in the last 1 Year

JSW Steel Ltd.

04 Dec 2025

1214.80

0.42%

JSW Steel (BUY): Announces Rs158bn JV with JFE Steel for Bhushan Power

Buy: JSW Steel Ltd.

Recommendation Target

BOB Capital Markets Ltd.

JFE Steel Corp. Japan will acquire 50% stake in Bhushan Power and Steel (BPSL) at Rs158bns in two tranches

JSW Steel Ltd. has an average target of 1220.14 from 7 brokers.

JSW Steel Ltd.

03 Dec 2025

1214.80

0.42%

Enters into a strategic JV with JFE Steel Japan to jointly own and operate the BPSL business

Buy: JSW Steel Ltd.

Target

Motilal Oswal

On Dec 3rd, JSTL announced a strategic restructuring of the Bhushan Power and Steel Limited (BPSL) unit. As part of the transaction, BPSL (the step-down subsidiary of JSTL) will be transferred to JSW Sambalpur via a slump sale for a cash consideration of INR244.8b.

JSW Steel Ltd. has an average target of 1220.14 from 7 brokers.

JSW Steel Ltd.

30 Oct 2025

1214.80

0.42%

JSW STEEL LIMITED

Hold: JSW Steel Ltd.

Target

Geojit BNP Paribas

Consolidated EBITDA grew 30.9% YoY to Rs. 7,115cr, with EBITDA margin expanding 210bps to 15.8%, on the back of a favourable product mix and reduced operating costs due to improved operational efficiencies. Profit after tax increased more than fourfold to Rs. 1,646cr, aided by topline growth and an 64% YoY increase in other operating income. JSW Steel reported a strong performance in the quarter despite global uncertainties and a prolonged monsoon. The company is optimistic about a strong performance in the second half of this financial year, driven by rising steel prices and production. JSW has ramped up its production capacity, which is expected to support growth. The outlook for India's steel consumption remains robust, driven by supportive...

JSW Steel Ltd. has an average target of 1220.14 from 7 brokers.

JSW Steel Ltd.

20 Oct 2025

1214.80

0.42%

JSW Steel: Q2FY26 Result Review

Hold: JSW Steel Ltd.

Target

IDBI Capital

JSW Steel's Q2FY26 performance was broadly in line with our estimates. Revenue increased by 5% QoQ, driven by 10% volume growth as Dolvi, JVML and BPSL capacities ramped up. NSR decreased 4% QoQ, owing to a decline in steel prices. EBITDA decreased by 6% QoQ to Rs71bn, while EBITDA per tonne fell by 14% QoQ to Rs 9,693/t, driven by lower realization, partly offset by $6 savings in coking coal costs, savings in power costs and higher volumes. Management expects a recovery in steel prices in Nov-Dec'25 as they trade below the import price parity. JSW has announced two section mills to produce...

Promoters unpledged 0.77% of shares in last quarter. Total pledge stands at 11.70% of promoter holdings

Is JSW Steel Ltd. worth buying?

646 Votes:

Buy 68.42%

Sell 17.65%

Hold 13.93%

RESEARCH REPORTS

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