NSE: JSWSTEEL | BSE: 500228

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1327.00 33.30 (2.57%)

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NSE 24 Aug, 2026 3:56 PM (IST)

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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.

20 Jul 2026

1327.00

2.57%

JSW Steel: Q1FY27 Result Review

Hold: JSW Steel Ltd.

Target

IDBI Capital

JSW Steel's reported Q1FY27 earnings above our estimates. Revenue declined by 8% QoQ, as a 13% QoQ fall in sales volume due to seasonal weakness was partly offset by a 6% QoQ increase in NSR driven by higher steel prices. EBITDA increased 9% QoQ to Rs94bn, while EBITDA/t improved by 23% QoQ to Rs 15,013/t, supported by higher realisation and lower iron ore costs partly offset by higher coking coal costs. JSW completed BF3 expansion from 3MTPA to 4.5MTPA in Jun'26 and expects volumes to recover in Q2FY27...

Number of FII/FPI investors increased from 709 to 725 in Jun 2026 qtr.

JSW Steel Ltd.

18 Jul 2026

1327.00

2.57%

Volume expected to improve in Q2FY27e; maintain BUY

Buy: JSW Steel Ltd.

Anand Rathi

JSW Steel’s consolidated production volume (adj. to BPSL), which improved 3.3% y/y and 1.7% q/q to 6.59m tonne in Q1FY27, is expected to improve further in Q2 FY27, driven by volume ramp-up from BF-3 expansion at Vijayanagar and improvement in operations at Ohio, especially in API grades.

JSW Steel Ltd. is trading at high day volume of 3.6M.

JSW Steel Ltd.

17 Jul 2026

1327.00

2.57%

In-line operating earnings; outlook remains bright

Buy: JSW Steel Ltd.

Target

Motilal Oswal

As BPSL has been de-consolidated w.e.f Mar’26 end, past reported financials are not comparable to 1Q FY27. Comparing with the proforma performance (ex-BPSL) of past quarters, the 1QFY27 revenue stood at INR473b growing 19% YoY and 2% QoQ.

JSW Steel Ltd. is trading above all available SMAs

JSW Steel Ltd.

29 Jun 2026

1327.00

2.57%

JSW STEEL LIMITED

Hold: JSW Steel Ltd.

Target

Geojit BNP Paribas

*over or under performance to benchmark index JSW Steel Limited (JSW Steel) is an integrated steel producer that makes products such as hot-rolled and cold-rolled coils, wire rods and galvanised coils and sheets. It...

JSW Steel Ltd. has an average target of 1388.14 from 7 brokers.

JSW Steel Ltd.

16 Jun 2026

1327.00

2.57%

Capacity expansion to drive volume

Buy: JSW Steel Ltd.

Target

Motilal Oswal

JSW Steel (JSTL), with an existing capacity of 32MTPA (excluding JVs), is targeting to reach a capacity of 50MTPA by FY31. Following the BPSL transaction, its balance sheet is much more comfortable, providing greater flexibility to execute its planned expansions.

JSW Steel has gained 25.83% in the last 1 Year

JSW Steel Ltd.

15 May 2026

1327.00

2.57%

JSW Steel (JSTL IN) Q4FY26 Result Update Scaling aggressively, executing consistently ACCUMULATE

Accumulate: JSW Steel Ltd.

Target

Prabhudas Lilladhar

JSTL announced JVML phase 2 capacity expansion of 5mtpa with INR260bn capex by FY30E. Growth capex of INR1,260bn over next 4-5 years, with additional ~INR80-1,000bn likely till FY33E including JVs. JSW Steel reported strong operating performance in Q4FY26 led by sharp recovery in steel prices, healthy domestic demand and continued ramp-up at JVML. Cons. volumes grew 6% YoY to 7.97mt despite 3mtpa BF-3 shutdown at Vijayanagar, aided by strong domestic demand and higher exports from India (+36% YoY). Average cons. NSR...

JSW Steel Ltd. is trading at high day volume of 3.6M.

JSW Steel Ltd.

15 May 2026

1327.00

2.57%

JSW Steel: Q4FY26 Result Review

Hold: JSW Steel Ltd.

Target

IDBI Capital

JSW Steel's Q4FY26 performance was above our estimates. Revenue increased 11% QoQ, driven by 4% QoQ volume growth and a 6% QoQ increase in NSR due to higher steel prices. EBITDA increased 33% QoQ to Rs86bn, while EBITDA/t improved by 27% QoQ to Rs 10,833/t, as realisation gains offset higher coking coal costs. Management aims to achieve production/sales volume of 29.75/28.6 mn tonnes in FY27 and expects to incur capex of Rs220-240bn and Rs1,260bn over the next 4-5 years. JSW aims for 50.3mn tonnes capacity by FY31 and 63.5mn tonnes by FY32. BPSL slump sale resulted in strong balance sheet deleveraging,...

JSW Steel Ltd. has an average target of 1388.14 from 7 brokers.

JSW Steel Ltd.

15 May 2026

1327.00

2.57%

JSW Steel

Hold: JSW Steel Ltd.

Target

ICICI Direct

Profitability outlook remains strengthen amid firm steel prices: JSW Steel's standalone EBITDA improved from 7.4k/ton to 9.7k/ton in Q4'26, primarily driven by safeguard duty-induced higher domestic steel prices, with NSR rising by ~3,800/ton in Q4'26, offsetting elevated raw material costs (coking coal up ~US$16/ton QoQ in Q4'26). Going forward, JSW expected to see further realisation gains in Q1'27 supported by firm domestic steel prices, although higher coking coal cost (up ~US$12-15/ton QoQ) partly offset these benefits. Nonetheless, EBITDA/tonne at JSW steel...

JSW Steel Ltd. is trading at high day volume of 3.6M.

JSW Steel Ltd.

10 Mar 2026

1327.00

2.57%

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.

JSW Steel Ltd. has an average target of 1388.14 from 7 brokers.

JSW Steel Ltd.

27 Jan 2026

1327.00

2.57%

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 709 to 725 in Jun 2026 qtr.

Is JSW Steel Ltd. worth buying?

648 Votes:

Buy 68.52%

Sell 17.59%

Hold 13.89%

RESEARCH REPORTS

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