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JSW Steel Valuation Multiples
Discover revenue and EBITDA valuation multiples for JSW Steel and similar public comparables like Vedanta, Aluminum Corporation of China, Shaanxi Coal Industry, Fresnillo and more.
JSW Steel Overview
About JSW Steel
JSW Steel Ltd is an India-based company that is engaged in the business of manufacturing and selling steel products. Its steel products include semis, hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and long products. Its flat steel products (including hot-rolled, cold-rolled, and galvanized products), which account for the majority of the company's steel volume, are used in Indian automotive, construction, infrastructure, engineering, and consumer durable industries. Its long products are used in the Indian construction, infrastructure, and automotive industries. The company generates the majority of its revenue from the Indian domestic market.
Founded
1994
HQ

Employees
15.8K
Website
Sectors
Financials (LTM)
EV
$44B
JSW Steel Financials
JSW Steel reported last 12-month revenue of $20B and EBITDA of $3B.
In the same LTM period, JSW Steel generated $9B in gross profit, $3B in EBITDA, and $1B in net income.
Revenue (LTM)
JSW Steel P&L
In the most recent fiscal year, JSW Steel reported revenue of $20B and EBITDA of $3B.
JSW Steel expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $20B | XXX | $20B | XXX | XXX | XXX |
| Gross Profit | $9B | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | 45% | XXX | 32% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 14% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $410M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 2% | XXX | XXX | XXX |
| Net Debt | — | — | $11B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
JSW Steel Stock Performance
JSW Steel has current market cap of $33B, and enterprise value of $44B.
Market Cap Evolution
JSW Steel's stock price is $13.39.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $44B | $33B | 0.5% | XXX | XXX | XXX | $0.17 |
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Start Free TrialJSW Steel Valuation Multiples
JSW Steel trades at 2.2x EV/Revenue multiple, and 13.4x EV/EBITDA.
EV / Revenue (LTM)
JSW Steel Financial Valuation Multiples
As of April 19, 2026, JSW Steel has market cap of $33B and EV of $44B.
Equity research analysts estimate JSW Steel's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
JSW Steel has a P/E ratio of 32.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $33B | XXX | $33B | XXX | XXX | XXX |
| EV (current) | $44B | XXX | $44B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 13.4x | XXX | 16.3x | XXX | XXX | XXX |
| EV/EBIT | 19.6x | XXX | 27.4x | XXX | XXX | XXX |
| EV/Gross Profit | 4.8x | XXX | 6.9x | XXX | XXX | XXX |
| P/E | 32.2x | XXX | 79.8x | XXX | XXX | XXX |
| EV/FCF | 59.1x | XXX | 49.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified JSW Steel Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


JSW Steel Margins & Growth Rates
JSW Steel's revenue in the last 12 month grew by 11%.
JSW Steel's revenue per employee in the last FY averaged $1.3M, while opex per employee averaged $0.3M for the same period.
JSW Steel's rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
JSW Steel's rule of X is 45% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
JSW Steel Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 24% | XXX | 20% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 29% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 45% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 24% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
JSW Steel Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| JSW Steel | XXX | XXX | XXX | XXX | XXX | XXX |
| Vedanta | XXX | XXX | XXX | XXX | XXX | XXX |
| Aluminum Corporation of China | XXX | XXX | XXX | XXX | XXX | XXX |
| Shaanxi Coal Industry | XXX | XXX | XXX | XXX | XXX | XXX |
| Fresnillo | XXX | XXX | XXX | XXX | XXX | XXX |
| Coal India | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
JSW Steel M&A Activity
JSW Steel acquired XXX companies to date.
Last acquisition by JSW Steel was on XXXXXXXX, XXXXX. JSW Steel acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by JSW Steel
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialJSW Steel Investment Activity
JSW Steel invested in XXX companies to date.
JSW Steel made its latest investment on XXXXXXXX, XXXXX. JSW Steel invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by JSW Steel
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout JSW Steel
| When was JSW Steel founded? | JSW Steel was founded in 1994. |
| Where is JSW Steel headquartered? | JSW Steel is headquartered in India. |
| How many employees does JSW Steel have? | As of today, JSW Steel has over 15K employees. |
| Who is the CEO of JSW Steel? | JSW Steel's CEO is Jayant Acharya. |
| Is JSW Steel publicly listed? | Yes, JSW Steel is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of JSW Steel? | JSW Steel trades under JSWSTEEL ticker. |
| When did JSW Steel go public? | JSW Steel went public in 2005. |
| Who are competitors of JSW Steel? | JSW Steel main competitors are Vedanta, Aluminum Corporation of China, Shaanxi Coal Industry, Fresnillo. |
| What is the current market cap of JSW Steel? | JSW Steel's current market cap is $33B. |
| What is the current revenue of JSW Steel? | JSW Steel's last 12 months revenue is $20B. |
| What is the current revenue growth of JSW Steel? | JSW Steel revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of JSW Steel? | Current revenue multiple of JSW Steel is 2.2x. |
| Is JSW Steel profitable? | Yes, JSW Steel is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of JSW Steel? | JSW Steel's last 12 months EBITDA is $3B. |
| What is JSW Steel's EBITDA margin? | JSW Steel's last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of JSW Steel? | Current EBITDA multiple of JSW Steel is 13.4x. |
| What is the current FCF of JSW Steel? | JSW Steel's last 12 months FCF is $742M. |
| What is JSW Steel's FCF margin? | JSW Steel's last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of JSW Steel? | Current FCF multiple of JSW Steel is 59.1x. |
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