JSW Steel Ltd. share price target

JSW Steel reported good numbers considering the existing overall environmental challenges. Further, going forward while we do expect a recovery in spreads on the back of lower input costs and higher share of value added products, steel prices in the near term would remain at current level despite imposition of Safeguard duty. Hence, we have pruned our estimates to factor this weakness in steel prices. However, we continue to believe that non-integrated players like JSW steel are still better placed in the current scenario. We maintain our BUY recommendation on the stock with a...

JSW Steel reported betterthanexpected results driven by lower costs, despite a negative surpriseonrealisations.Profitabilityisexpectedtoimprovewithsteelpricedeclinesbeing compensated by lower iron ore and coking coal costs. Its costsavings programme (partly...

material costs. While steel price decline is further expected to continue in Q1FY16, lower raw material cost benefits is expected to drive the margins going ahead (Q1FY16 to see somebenefitswhilemajorityofitisexpectedfromQ2FY16onwards).Lowerrawmaterial...

JSW Steels (JSTL) reported standalone EBITDA declined to Rs 4,825/t (-34.5% YoY, ~-23.9% QoQ) driven by lower realizations (down 11.7% YoY, -5.6 % QoQ). RM costs remain flat despite the decline in both iron ore (both domestic and international) and coking coal prices.

JSW Steels (JSTL) reported standalone EBITDA declined to Rs 6,344/t (5.9% YoY, ~21% QoQ) driven by lower realizations (down 2.3% YoY, 3.6 % QoQ) and higher other expenses per tonne (20.3% YoY, 14.2% QoQ).

JSW Steel's performance for the quarter was on expected lines. The consolidated revenue grew by 24.92% YoY to Rs 5908.08 crore helped by a 9% improvement in domestic sales volume to 1.58 million tonnes. On a QoQ basis the topline grew by 22.63%. Capacity utilization at the US plate and pipe mill operations was at 13% and 7%, respectively during the quarter. The operations...

JSW Steel's performance for the quarter was on expected lines. The consolidated revenue grew by 20.75 percent YoY to Rs 4818.00 crore. However, on a QoQ basis the topline declined by 11.45 percent due to lower sales volume of 1.19 MT and a fall in prices. Steel sales volumes fell during Q1FY11 both QoQ and YoY by 22% and 10%, respectively, on account of higher imports during the quarter. Capacity utilisation in the US plate and pipe mills fell substantially during the quarter on a sequential basis. On the sales front, the company maintained a decent...

JSW Steel Ltd. (JSW) entered into an strategic alliance with JFE Steel Corporation (JFE) to leverage each others strength to their mutual benefit. JFE is the second largest steel company in Japan with an annual production of 33 MTPA, and ranks sixth in the world. JFE is wellrenowned for its technological prowess in value added products. The crux of the alliance is the interest evinced by JFE in participating in JSW's 10 MTPA Bengal Steel project and automotive grade steel production. The alliance broadly agrees on collaborating on technology and materiel supplies. It would also cover co-operation on energy and...