JSW Steel Ltd Stock/Share Price, Latest BSE/NSE JSW Steel Ltd Financial Summary at www.indiainfoline.com

Y/e 31 Mar	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Growth matrix (%)
Revenue growth	8.88	4.42	26.30	33.80
Op profit growth	69.60	(20)	21.50	90.20
EBIT growth	96.40	(29)	30.10	173
Net profit growth	96.30	(35)	76.40	(1,150)
Profitability ratios (%)
OPM	25.20	16.20	21.10	21.90
EBIT margin	20.10	11.10	16.50	16
Net profit margin	9.91	5.50	8.85	6.34
RoCE	14.30	8.38	14	12.70
RoNW	4.74	3.11	6.11	4.23
RoA	1.76	1.03	1.88	1.26
Per share ratios ()
EPS	26.10	13	20.20	11.50
Dividend per share	6.50	2	3.20	2.25
Cash EPS	10.70	(0.70)	9.37	0.31
Book value per share	155	122	93.50	75.20
Valuation ratios
P/E	17.90	11.20	14.20	16.30
P/CEPS	43.70	(204)	30.70	608
P/B	3.02	1.21	3.10	2.50
EV/EBIDTA	7.84	6.83	7.20	7.07
Payout (%)
Dividend payout	--	--	12.40	15.30
Tax payout	(34)	23.20	(20)	(33)
Liquidity ratios
Debtor days	20.60	22.90	23	22.60
Inventory days	64.10	65.60	62.30	64.70
Creditor days	(79)	(64)	(46)	(53)
Leverage ratios
Interest coverage	(4.10)	(1.90)	(3.10)	(2.40)
Net debt / equity	1.06	1.35	1.35	1.85
Net debt / op. profit	2.46	4.16	2.58	3.44
Cost breakup ()
Material costs	(41)	(53)	(56)	(51)
Employee costs	(3.10)	(3.90)	(2.60)	(3.10)
Other costs	(31)	(27)	(21)	(24)

Y/e 31 Mar( In .Cr)	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Revenue	79,839	73,326	70,225	55,604
yoy growth (%)	8.88	4.42	26.30	33.80
Raw materials	(32,508)	(38,730)	(39,025)	(28,263)
As % of sales	40.70	52.80	55.60	50.80
Employee costs	(2,506)	(2,839)	(1,843)	(1,700)
As % of sales	3.14	3.87	2.62	3.06
Other costs	(24,684)	(19,884)	(14,563)	(13,467)
As % of sales	30.90	27.10	20.70	24.20
Operating profit	20,141	11,873	14,794	12,174
OPM	25.20	16.20	21.10	21.90
Depreciation	(4,679)	(4,246)	(3,387)	(3,430)
Interest expense	(3,957)	(4,265)	(3,701)	(3,768)
Other income	592	546	167	152
Profit before tax	12,097	3,908	7,873	5,128
Taxes	(4,142)	906	(1,538)	(1,674)
Tax rate	(34)	23.20	(20)	(33)
Minorities and other	38	111	143	69
Adj. profit	7,993	4,925	6,478	3,523
Exceptional items	(83)	(805)	(264)	--
Net profit	7,911	4,030	6,214	3,523
yoy growth (%)	96.30	(35)	76.40	(1,150)
NPM	9.91	5.50	8.85	6.34

Y/e 31 Mar ( In .Cr)	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Revenue	70,727	64,262	64,975	52,290
yoy growth (%)	10.10	(1.10)	24.30	42.50
Raw materials	(28,070)	(33,466)	(37,470)	(27,955)
As % of sales	39.70	52.10	57.70	53.50
Employee costs	(1,501)	(1,496)	(1,260)	(1,168)
As % of sales	2.12	2.33	1.94	2.23
Other costs	(21,897)	(16,783)	(12,504)	(11,623)
As % of sales	31	26.10	19.20	22.20
Operating profit	19,259	12,517	13,741	11,544
OPM	27.20	19.50	21.10	22.10
Depreciation	(3,781)	(3,522)	(3,054)	(3,025)
Interest expense	(3,565)	(4,022)	(3,591)	(3,643)
Other income	669	628	213	255
Profit before tax	12,582	5,601	7,309	5,131
Taxes	(3,803)	999	(2,450)	(1,554)
Tax rate	(30)	17.80	(34)	(30)
Minorities and other	--	--	--	--
Adj. profit	8,779	6,600	4,859	3,577
Exceptional items	(386)	(1,309)	(234)	--
Net profit	8,393	5,291	4,625	3,577
yoy growth (%)	58.60	14.40	29.30	(201)
NPM	11.90	8.23	7.12	6.84

Y/e 31 Mar ( In .Cr)	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Profit before tax	12,097	3,908	7,873	5,128
Depreciation	(4,679)	(4,246)	(3,387)	(3,430)
Tax paid	(4,142)	906	(1,538)	(1,674)
Working capital	4,501	9,251	4,497	4,631
Other operating items	--	--	--	--
Operating cashflow	7,777	9,819	7,445	4,655
Capital expenditure	55,085	39,441	23,884	5,851
Free cash flow	62,862	49,261	31,330	10,506
Equity raised	54,282	48,216	38,979	39,469
Investments	5,667	(831)	(281)	703
Debt financing/disposal	55,450	53,918	29,947	27,829
Dividends paid	--	--	770	541
Other items	--	--	--	--
Net in cash	178,261	150,565	100,745	79,048

Y/e 31 Mar ( In .Cr)	Mar-2021	Mar-2020	Mar-2019	Mar-2018
Equity capital	302	301	301	302
Preference capital	26	24	20	208
Reserves	46,462	36,298	34,494	27,696
Net worth	46,790	36,623	34,815	28,206
Minority interest
Debt	62,366	61,399	47,376	39,185
Deferred tax liabilities (net)	9,676	9,454	11,291	21,146
Total liabilities	118,213	106,901	93,032	88,073
Fixed assets	97,483	89,276	74,533	63,798
Intangible assets
Investments	8,581	1,259	1,894	1,469
Deferred tax asset (net)	6,167	7,777	7,514	18,590
Net working capital	(6,831)	(3,414)	2,904	3,153
Inventories	14,249	13,773	14,548	12,594
Inventory Days	65.10	68.60	--	65.50
Sundry debtors	4,486	4,505	7,160	4,704
Debtor days	20.50	22.40	--	24.40
Other current assets	10,705	11,004	10,475	8,342
Sundry creditors	(12,586)	(13,291)	(9,095)	(8,260)
Creditor days	57.50	66.20	--	42.90
Other current liabilities	(23,685)	(19,405)	(20,184)	(14,227)
Cash	12,813	12,003	6,187	1,063
Total assets	118,213	106,901	93,032	88,073

Select Period

Particulars ( Rupees In Crores.)	Mar-2022	Dec-2021	Sep-2021	Jun-2021	Mar-2021
Gross Sales	46,026	37,462	31,909	28,432	26,456
Excise Duty	--	--	--	--	--
Net Sales	46,026	37,462	31,909	28,432	26,456
Other Operating Income	869	609	594	470	478
Other Income	233	176	1,549	521	173
Total Income	47,128	38,247	34,052	29,423	27,107
Total Expenditure **	38,483	28,939	22,086	18,628	18,577
PBIDT	8,645	9,308	11,966	10,795	8,530
Interest	1,756	1,283	936	993	1,005
PBDT	6,889	8,025	11,030	9,802	7,525
Depreciation	1,815	1,764	1,239	1,183	1,253
Minority Interest Before NP	--	--	--	--	--
Tax	1,021	844	1,517	1,592	1,244
Deferred Tax	710	901	1,095	1,127	837
Reported Profit After Tax	3,343	4,516	7,179	5,900	4,191
Minority Interest After NP	109	159	9	(4)	(7)
Net Profit after Minority Interest	3,234	4,357	7,170	5,904	4,198
Extra-ordinary Items	(488)	--	--	--	(55)
Adjusted Profit After Extra-ordinary item	3,722	4,357	7,170	5,904	4,253
EPS (Unit Curr.)	13.50	18.10	29.80	24.50	17.50
Book Value (Unit Curr.)	--	--	--	--	--
Dividend (%)	--	--	--	--	--
Equity	301	240	240	241	241
Public Shareholding (Number)	--	--	--	--	--
Public Shareholding (%)	--	--	--	--	--
Pledged/Encumbered - No. of Shares	--	--	--	--	--
Pledged/Encumbered - % in Total Promoters Holding	--	--	--	--	--
Pledged/Encumbered - % in Total Equity	--	--	--	--	--
Non Encumbered - No. of Shares	--	--	--	--	--
Non Encumbered - % in Total Promoters Holding	--	--	--	--	--
Non Encumbered - % in Total Equity	--	--	--	--	--
PBIDTM(%)	18.80	24.80	37.50	38	32.20
PBDTM(%)	15	21.40	34.60	34.50	28.40
PATM(%)	7.26	12.10	22.50	20.80	15.80

Y/e 31 Mar ( In .Cr)	Mar-2021	Mar-2020	Mar-2019	Mar-2018
Equity capital	302	301	301	302
Preference capital	--	--	--	195
Reserves	46,675	38,061	34,592	27,605
Net worth	46,977	38,362	34,893	28,102
Minority interest
Debt	51,146	54,710	43,706	35,986
Deferred tax liabilities (net)	3,095	1,315	10,253	9,609
Total liabilities	101,218	94,387	88,852	73,697
Fixed assets	80,984	74,683	62,215	52,960
Intangible assets
Investments	12,458	5,999	5,397	4,878
Deferred tax asset (net)	--	--	6,922	7,538
Net working capital	(3,970)	2,304	8,505	7,720
Inventories	10,692	9,623	10,815	10,082
Inventory Days	55.20	54.70	--	56.60
Sundry debtors	3,333	3,166	6,770	4,692
Debtor days	17.20	18	--	26.40
Other current assets	14,019	17,170	16,415	12,338
Sundry creditors	(9,812)	(9,811)	(7,009)	(7,068)
Creditor days	50.60	55.70	--	39.70
Other current liabilities	(22,202)	(17,844)	(18,486)	(12,324)
Cash	11,746	11,401	5,813	601
Total assets	101,218	94,387	88,852	73,697

JSWSTEEL Financial Statements