# JSW Steel (NSE: JSWSTEEL) share analysis

Canonical: https://vestmind.in/stocks/jsw-steel  
Source: VestCall by Vestmind, price as of 14 October 2026.

> JSW Steel (NSE: JSWSTEEL) was trading at ₹1,173.3 on 14 October 2026. VestCall scores its business health 75/100 (healthy). On valuation, the price sits in the “Fairly Valued” zone (₹1,139.91 – ₹1,174.9) — inside the modelled fair-value range. This is a reading of the evidence, not a buy or sell recommendation.

## Valuation zones

| Zone | Price band | Meaning |
| --- | --- | --- |
| Deeply Discounted | ₹1,062.04 – ₹1,131.5 | Furthest below the modelled fair-value range |
| Attractive Valuation | ₹1,131.5 – ₹1,139.91 | Below the modelled fair-value range |
| Fairly Valued (current) | ₹1,139.91 – ₹1,174.9 | Inside the modelled fair-value range |
| Valuation Premium | ₹1,174.9 and above | Above the modelled fair-value range |

## The case for and against

- Supports — Capital Allocation 100/100
- Supports — Business Quality 84/100
- Supports — Growth 75/100
- Supports — Shareholding Quality 69/100
- Supports — Financial Strength 65/100
- Supports — Management Stability 61/100

## Key ratios

| Ratio | JSW Steel | Sector median |
| --- | --- | --- |
| P/E | 15.67x | — |
| P/B | 0.58x | — |
| P/S | 0.27x | — |
| Return on equity (ROE) | 29.8% | — |
| Return on capital employed (ROCE) | 34.1% | — |
| Operating margin | 15.7% | — |
| Net margin | 13.7% | — |
| Current ratio | 1.04x | — |

## Bull, base and bear case (model outputs, not forecasts)

| Scenario | Modelled CAGR | Weight | Assumption |
| --- | --- | --- | --- |
| Bear | +5.0% | 19% | Growth decelerates to 9% and the multiple de-rates toward the cohort's trough. |
| Base | +25.0% | 55% | Earnings compound near the measured 25% and the multiple drifts toward its quality-adjusted warranted level. |
| Bull | +38.5% | 26% | Growth holds at 35% and the market pays the full premium the measured quality supports. |

## Questions

### Is JSW Steel overvalued or undervalued?

At ₹1,173.3, JSW Steel sits in VestCall’s “Fairly Valued” zone (₹1,139.91 – ₹1,174.9): inside the modelled fair-value range. Its valuation scores 30/100 (fair) against Unclassified peers. Zones describe where the price sits against modelled value; they are not an instruction to buy or sell.

### Is JSW Steel fundamentally strong?

VestCall scores JSW Steel’s business health 75/100 (healthy). The strongest measured pillars are capital allocation and business quality. Each pillar is computed from reported financials, and a pillar whose inputs were not reported is excluded rather than scored as zero.

### What is JSW Steel’s P/E ratio?

JSW Steel trades at a P/E of 15.67x, on VestCall’s latest read. A multiple only means something against the business it buys: the quality-adjusted fair value on this page weighs it against JSW Steel’s returns and growth.

### What are the risks of investing in JSW Steel?

The review triggers VestCall watches for JSW Steel are: revenue growth falls below the thesis floor (revenue cagr below 8%); return on equity falls below the quality floor (roe below 15%); promoter holding drops materially (promoter holding below 42.32%, 3 points under the Mar 2026 filing). A trigger is a named condition that would change the reading, published so the case against the stock is as visible as the case for it.

### Is this a recommendation to buy or sell JSW Steel?

No. VestCall states where JSW Steel’s price sits against modelled value, what supports the case and what would break it, with every figure sourced. It does not issue buy, sell or hold calls or price targets. Vestmind is not a SEBI-registered investment adviser or research analyst, and nothing on this page is personalised investment advice.

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Vestmind is not a SEBI-registered investment adviser or research analyst. This is research for information, not a recommendation or personalised investment advice.