JSW Steel Ltd. share price target

The Russia Ukraine conflict has provided traction to global metal prices. During YTD CY22, a healthy rally has been witnessed in both ferrous and non-ferrous metals. During YTD CY22 (January 1-March 10, 2022), aluminium prices on the LME increased by ~21% to US$3409/tonne. On the ferrous front, during the above mentioned period, Chinese HRC export price increased by 13% YTDCY22 to US$855/tonne, domestic HRC price have increased by 9% YTDCY22 to | 69500/tonne and domestic CRC prices increased 16% YTDCY22 to | 80500/tonne. Going forward, we believe supply fears on the back of current geopolitical scenario...

in operating profit to Rs 9,132.00 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 38.04% to 44.90%. Purchase of finished goods cost rose from 0.09% to 0.40%. Employee cost decreased from 2.75% to 2.44%. Other expenses fell from...

on consolidation of BPSL and rest on account of higher working capital. Steel (JSTL) reported Q3FY22 Adj. EBITDA in-line with our estimates. While, it came above consensus estimates (CE) by 8%. On reported basis, EBITDA were below our estimates by 10% due to provision of Rs10.6bn for upward revision of already published average selling price of iron ore by Indian Bureau of Mines (IBM) for September and October'2021. Recent relaxation of monetary policy for real-estate sector and increase in spending on infrastructure reflects Chinese authorities' aim to stimulate...

JSW Steel's manufacturing unit in Vijayanagar, Karnataka is the largest single location steel-producing facility in India with a capacity of 12 MTPA JSW Steel is the only Indian steel company to be ranked among the top 10 global steel producers by World Steel Dynamics for 10 consecutive years...