Metals & Mining · NSE: JSWSTEEL
Intrynsic's multi-model valuation estimates JSW Steel Limited's fair value at ₹790 per share (range ₹790–₹905) against a market price of ₹1,272 - a gap of -37.9% (updated 29 September 2026). This is an estimated fair value based on stated assumptions, not investment advice.
Market price
₹1,272
close of 29 Sept 2026
Est. fair value
₹790
₹790–₹905
Gap
-37.9%
price vs estimate
Trading ~38% above our estimated fair-value range. Assumptions and per-model workings are below.
JSW Steel is one of India's largest steelmakers, with integrated plants in Karnataka, Maharashtra and Odisha. Its profit tracks the gap between steel prices and the cost of iron ore and coking coal.
Metals & Mining · Diversified Metals
Over the last 3 years, revenue grew 3.8%/yr and profit grew 83.3%/yr.
Every ₹100 of shareholder money earned ₹25.5 in profit last year, vs a sector median of 10.1%.
Debt is 0.99x equity — manageable, worth watching.
The market price is above our estimated fair-value range (based on stated assumptions).
About ₹77 of every ₹100 of reported profit turned into free cash (median, last 5 years); operating cash flow was positive in 5 of 5 years.
Intrynsic values JSW Steel Limited with 3 independent models and blends them into one estimated fair-value range. Every number below is an estimate based on the stated assumptions - change the assumptions and the estimate changes.
| Model | Estimated value | vs price | Weight |
|---|---|---|---|
| EV/EBITDAIndustry Comparison Method | ₹790 | -38% | - |
| EV/EBITAfter-Depreciation Comparison Method | ₹905 | -29% | - |
| P/E MultipleEarnings Multiple Method | ₹1,713 | +35% | - |
Reverse DCF: today's market price implies the company must grow free cash flow about 22.2% a year for the next decade - versus 6.1% historical revenue growth.
| Revenue | ₹1,85,470 Cr | |
| Net profit | ₹25,508 Cr | |
| EPS | ₹91.26 | |
| Free cash flow | ₹10,498 Cr | |
| ROE (latest) | 25.5% | |
| Revenue growth (CAGR) | 14.3% | |
| Profit growth (CAGR) | 24.8% |
Intrynsic's multi-model valuation estimates JSW Steel Limited's fair value at ₹790 per share (range ₹790–₹905), last updated 29 September 2026. This is an estimate based on stated assumptions, not investment advice.
JSW Steel Limited trades at ₹1,272 against Intrynsic's estimated fair value of ₹790 - the market price is 38% above the estimate, i.e. above our estimated fair-value range. Different assumptions produce different estimates; see the model breakdown above.
JSW Steel Limited trades at about 13.9 times its latest annual earnings per share.
JSW Steel is one of India's largest steelmakers, with integrated plants in Karnataka, Maharashtra and Odisha. Its profit tracks the gap between steel prices and the cost of iron ore and coking coal.
Intrynsic runs 3 valuation models for JSW Steel Limited (EV/EBITDA, EV/EBIT, P/E Multiple) and blends them into one estimated fair-value range. Every assumption - growth, discount rate, terminal value - is shown openly on this page.
Disclaimer: Intrynsic provides educational and informational analysis only. Fair-value figures are estimates based on stated assumptions - they are not investment advice, research recommendations, or an offer to transact in any security. Intrynsic is not a SEBI-registered investment adviser or research analyst. Markets carry risk; please do your own research or consult a registered adviser before making investment decisions. Prices shown may be delayed end-of-day values. Terms · Privacy