Preview: India's JSW Steel up ahead of Q4 results; demand, capacity to help growth

JSW Steel

14/05/2026 05:40

** JSW Steel JSTL.NS shares rise 1.3% to 1,291.5 rupees ahead of Q4 results

** Analysts expect steelmaker to post 58.9% Y/Y net income rise, 10.9% rev growth - LSEG-compiled data

** Motilal Oswal says JSTL is in a strong position as it adds new capacity, benefits from solid domestic demand, and sells more value-added products

** Its focus on increasing captive share of iron ore and improving coal linkages will support earnings, brokerage adds

   ** HSBC says the steel sector is "in a sweet spot," citing multi-year demand visibility, import-protection policies and strong balance sheets

** JSTL trades at a forward 12-month price-to-earnings ratio of 23.29 vs Industry median of 16

** Twenty of 31 brokerages rate the stock "buy" or higher; their median PT is 1,294 rupees

** YTD, stock up 11.6%

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))