JSW Steel enterprise value

Share price at each year-end

Tap a line for its trend	Currentlast 12M	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus


3,06,318	—	—	—	—	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
9,557	39,774	17,474	8,033	15,429
169	5,422	2,170	2,107	1,344
95,532	95,532	95,957	85,575	78,572
3,92,462	—	—	—	—
85,975	55,758	78,483	77,542	63,143
₹1,608.45	—	—	—	—

2,09,007	2,01,007	1,77,623	1,65,351	1,45,611
45.7%	47.5%	54.0%	51.8%	54.0%
0.24×	—	—	—	—

1.97×	—	—	—	—
11.33×	—	—	—	—
15.22×	—	—	—	—
37.38×	—	—	—	—
1,99,021	1,85,470	1,68,824	1,75,006	1,65,960
34,633	29,821	22,904	28,236	18,547
25,786	20,220	13,595	20,064	11,073
—	25,152	20,899	12,078	23,323
10,498	10,498	8,205	−3,723	8,999
—	9,375	5,604	−6,353	7,192
—	14,654	12,694	15,801	14,324

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

JSWSTEEL₹1,255.40

JSW Steel Ltd.

· Metal & Mining

₹ CrorePeersTATASTEEL JINDALSTEL SAIL HINDALCO ADANIENT HINDZINC VEDL NMDCMcap ₹3.06L Cr

HighlightsEnterprise Value Multiples Per ShareAnnuals · FY-end closes

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Current/LTM TTM · last close
Market Capitalization	—	—	—	—	3,06,317.6
- Cash, Equiv & ST Investments	15,429.0	8,033.0	17,474.0	39,774.0	9,557.0
+ Minority Interest	1,344.0	2,107.0	2,170.0	5,422.0	169.0
+ Total Debt	78,572.0	85,575.0	95,957.0	95,532.0	95,532.0
Enterprise Value	—	—	—	—	3,92,461.6
Net Debt (memo)	63,143.0	77,542.0	78,483.0	55,758.0	85,975.0
EV per Share	—	—	—	—	1,608.45

Total Capital	1,45,611.0	1,65,351.0	1,77,623.0	2,01,007.0	2,09,007.0
Total Debt/Total Capital	53.96	51.75	54.02	47.53	45.71
Total Debt/EV	—	—	—	—	0.24

EV/Sales	—	—	—	—	1.97
EV/EBITDA	—	—	—	—	11.33
EV/EBIT	—	—	—	—	15.22
EV/Free Cash Flow	—	—	—	—	37.38
Reference Items — Trailing FY Values
Sales	1,65,960.0	1,75,006.0	1,68,824.0	1,85,470.0	1,99,021.0
EBITDA	18,547.0	28,236.0	22,904.0	29,821.0	34,633.0
EBIT	11,073.0	20,064.0	13,595.0	20,220.0	25,786.0
Operating Cash Flow	23,323.0	12,078.0	20,899.0	25,152.0	—
Free Cash Flow	8,999.0	-3,723.0	8,205.0	10,498.0	10,498.0
FCFF (free cash flow to the firm)	7,192.5	-6,352.8	5,604.3	9,374.8	—
Capital Expenditure	14,324.0	15,801.0	12,694.0	14,654.0	—

Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.