JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 91346.76 Crore) operating in Metals – Ferrous sector.
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 21487.00 Crore, up 15.14 % from last quarter Sales of Rs 18662.00 Crore and up 21.63 % from last year same quarter Sales of Rs 17666.00 Crore Company reported net profit after tax of Rs 2674.00 Crore in latest quarter.
The stock trades at 5.9x the revised FY22E EV/EBITDA. It values the stock at 6.5x FY22E EV/EBITDA. With the steel cycle on an upswing, volume growth at Dolvi and downstream projects commissioning in the next six months, it believes that there is an upside risk to estimates. ASP assumption for FY22E is 11% lower than the spot price with coal at spot prices. Upgrade to Buy with OW in EAP.
Promoters held 60.48 per cent stake in the company as of March 31, 2020, while FIIs held 13.40 per cent, DIIs 12.35 per cent and public and others 13.77 per cent.