In the last five years, although the company is nowhere close to competitor Tata Steel in terms of growth of revenue, JSW Steel has had a sound growth prospect, with a CAGR of a little over 17% in the past few years. This is a good stock for the long term.
The company has shown gradual, but significant growth, over the past year.
The dividend yield of JSW Steel is 2.60%.
Like its counterpart, Tata Steel, JSW Steel is a good stock for long-term gains. In the near future, the stock may see some volatility due to market factors, but it’s better as a long-term stock.
The debt-to-equity ratio of JSW Steel is 0.79%.
The total revenue of JSW Steel is Rs. 120,749 crores, and the profit trend is on a good path with a net profit up by 154.3% in FY 22. In the past five years, the net profit of JSW has grown by a CAGR of 34.8%.
Two main contenders are the main contributing members to India’s steel manufacture and production. These companies are JSW Steel and Tata Steel. JSW Steel is a large contributor to India’s steel production in terms of its GDP, and the first company that manufactures highly strengthened and advanced steel products for India’s automotive sector. Additionally, it is India’s largest exporter of steel, shipping the metal to more than 100 nations spread over five continents.