JSW Steel (JSWSTEEL) Weekly Analysis
Price & Volume
The stock experienced a slight downturn this week, closing down by 0.83%. The trading range was 2.19%, indicating moderate price fluctuation. Trading volume was slightly lower than the previous week. The average delivery percentage remained healthy at 53.25%.
Technicals
This week, the stock closed at 1235.1, down 0.83% WoW. The 20-week moving average (MA), a short-term trend indicator, is sloping down, while the 50-week MA, a longer-term trend indicator, is sloping up. The Relative Strength Index (RSI) at 46.6 shows weakening momentum WoW. The MACD histogram turned positive, suggesting a bullish shift. Bollinger Band width narrowed WoW, indicating decreased volatility. Overall, the technical picture shows mixed signals between short-term downward pressure and improving longer-term trends and recent MACD momentum.
Fundamentals
JSW Steel reported strong recent performance in the quarter ending March 2026. Revenue increased by 11.3% quarter-over-quarter (QoQ) and 14.2% year-over-year (YoY). Net profit saw a substantial jump of 698.5% QoQ and 1182.0% YoY, indicating a significant improvement in profitability. The operating margin stood at 17.0% for the same period. The company currently trades at a price-to-earnings (PE) ratio of 40.1x and a price-to-book (PB) ratio of 3.5x.
News
On July 15, 2026, JSW Steel reported a more than doubling of its profit for the June quarter, driven by record steel sales and higher other income, surpassing Street expectations. The company also announced its board approved a plan to sell shares worth up to ₹811 crore in the proposed IPO of its subsidiary, JSW One Platform. This news came as the broader market experienced a significant decline on July 14, with the Sensex plunging 700 points and Nifty testing 24,000, attributed to rising oil prices and Middle East tensions. Sector-wise, metals were noted as a long-term leader despite market cycles, though one report indicated a selective underweight stance on IT by Bajaj Finserv AMC, with a positive outlook on pharmaceuticals, real estate, and financials.
Events
JSW Steel's board approved an Offer for Sale (OFS) of up to ₹811 crore in JSW One Platforms Limited's upcoming IPO. This allows JSW Steel to divest a portion of its stake in the subsidiary.
JSW Steel's Board of Directors approved the appointment of Deloitte Haskins & Sells LLP as the company's statutory auditor for a five-year term starting in 2027.
JSW Steel announced its Q1 FY27 results, reporting consolidated revenue of ₹47,364 crore and a net profit of ₹4,696 crore. The Board of Directors approved these unaudited financial results.
JSL Overseas Limited, a promoter group of JSW Steel, announced the release of a pledge on 3.5 million JSW Steel shares on July 7, 2026. This action was taken to secure borrowings.
JSW Steel Limited has confirmed compliance with SEBI regulations for share transfers and dematerialization for the quarter ended June 30, 2026. This assures shareholders of proper handling of securities.
JSW Steel reported Q1 FY27 results with revenue of ₹47,364 crore and net profit of ₹4,696 crore. The company also received the second tranche of equity investment for its JSW JFE JV and saw its credit rating upgraded.
CARE Ratings upgraded JSW Steel's long-term bank facilities and issuer rating to CARE AA+; Stable, citing significant cash inflow from the sale of Bhushan Power and Steel Limited assets, which will be used for deleveraging.
JSW Steel's Board of Directors approved the appointment of Deloitte Haskins & Sells LLP as the company's statutory auditor for a five-year term starting in 2027.
JSW Steel announced its Q1 FY27 results, reporting consolidated revenue of ₹47,364 crore and a net profit of ₹4,696 crore. The Board of Directors approved these unaudited financial results.
JSL Overseas Limited, a promoter group of JSW Steel, announced the release of a pledge on 3.5 million JSW Steel shares on July 7, 2026. This action was taken to secure borrowings.
JSW Steel Limited has confirmed compliance with SEBI regulations for share transfers and dematerialization for the quarter ended June 30, 2026. This assures shareholders of proper handling of securities.
JSW Steel reported Q1 FY27 results with revenue of ₹47,364 crore and net profit of ₹4,696 crore. The company also received the second tranche of equity investment for its JSW JFE JV and saw its credit rating upgraded.
CARE Ratings upgraded JSW Steel's long-term bank facilities and issuer rating to CARE AA+; Stable, citing significant cash inflow from the sale of Bhushan Power and Steel Limited assets, which will be used for deleveraging.
Weekly Snapshot
Highlights
- The stock declined by 0.83% this week, with the price closing at 1235.1, influenced by a mixed technical outlook and a broader market selloff.
- JSW Steel reported a significant increase in Q1 FY27 net profit, which more than doubled year-over-year, driven by record steel sales and higher other income.
- The company's board approved an Offer for Sale (OFS) of up to 811 crore in its subsidiary, JSW One Platforms Limited, as part of the subsidiary's proposed IPO.
- Technical indicators show mixed signals, with a bullish MACD crossover and positive longer-term 50-week MA trend, but a weakening RSI and downward sloping 20-week MA.
- CARE Ratings upgraded JSW Steel's long-term bank facilities and issuer rating to CARE AA+; Stable, citing significant cash inflow from asset sales for deleveraging.
What This Means
JSW Steel's stock saw a modest decline this week amidst broader market weakness. However, the company's strong Q1 FY27 earnings, marked by record sales and a substantial profit increase, alongside a credit rating upgrade, provide a positive fundamental backdrop. The planned IPO of its subsidiary, JSW One Platforms, also presents a potential value unlocking opportunity. Technically, the stock exhibits mixed signals, with a bullish MACD crossover and upward long-term trend, but short-term indicators suggest caution.
Latest Quarter Info
The March 2026 quarter demonstrated robust revenue growth, with a 14.19% year-over-year increase and an 11.28% quarter-over-quarter rise, indicating sustained top-line momentum. Profitability saw a significant uplift, evidenced by a substantial increase in net profit, up 1182.01% year-over-year and 698.46% quarter-over-quarter. The operating margin remained stable at 17.0%, suggesting consistent operational efficiency despite revenue fluctuations. The strong performance in net profit and EPS, particularly on a year-over-year basis, highlights a positive trend in overall earnings. The mix of QoQ and YoY signals suggests a strong recovery and growth trajectory.