JSW Steel Share Price Target 2022, 2023, 2024, 2025, and 2030

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JSW Steel share price target 2022, 2023, 2024, 2025, and 2030: In this article, you will learn about JSW Steel share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals and financials of the company.

For every investor, it is important to know about the company in which they are investing, to get the confidence to hold the stock for the long term. To make it clear for you, in this article we have mentioned JSW Steel share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals of the company.

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JSW Steel: Company Profile

JSW Steel Limited is a public limited company incorporated in India on March 15, 1994, under the Companies Act, 1956, and listed on the Bombay Stock Exchange and National Stock Exchange. The Company is an integrated manufacturer of a diverse range of steel products with its manufacturing facilities located at Vijaynagar Works in Karnataka, Dolvi Works in Maharashtra, and Salem works in Tamil Nadu.

The Group set up its first steel plant in 1982 at Vasind near Mumbai. Soon after, it acquired Piramal Steel Ltd., which operated a mini steel mill at Tarapur in Maharashtra. The Jindals, who had wide experience in the steel industry, renamed it Jindal Iron and Steel Co. (JISCO). In 1994, in order to achieve the vision of moving up the value chain and building a strong, resilient company, Jindal Vijayanagar Steel (JVSL) was setup, with its plant located at Toranagallu in the Bellary-Hospet area of Karnataka, the heart of the high-grade iron ore belt and spread over 3,700 acres of land. In 2005, JISCO and JVSL merged to form JSW Steel.

JSW Steel is primarily engaged in the business of manufacture and sale of iron and steel products.

Share Holding Pattern

JSW Steel Share Price Target 2022, 2023, 2024, 2025, and 2030

Net Sales

JSW Steel Share Price Target 2022, 2023, 2024, 2025, and 2030

Net Profit

JSW Steel Share Price Target 2022, 2023, 2024, 2025, and 2030

JSW Steel Share Price Target 2022

JSW Steel Ltd. ]SW Steel), the flagship company of the diversified US$ 13 billion JSW Group, is an integrated manufacturer of a diverse range of steel products and is India’s leading crude steel manufacturer. The company has an extensive portfolio of flat and long products and has an export presence across 100+ countries. The company manufactures hot-rolled coils, sheets and plates, cold-rolled coils and sheets, galvanized and galvalume products, tinplates, non-grain oriented electrical steel, pre-painted galvanized and galvalume products, thermo-mechanically treated (MT) bars, wire rods, rails, grinding balls, and special steel bars. It is one of the leading producers and exporters of coated flat steel products in India.

Currently, JSW Steel has an installed crude steel capacity of 18 MTPA in India, which comprises 12.5 MTPA of flat products and 5.5 MTPA of long products. The facilities in India are strategically located near raw material sources and/or are well connected via ports and railways, thus helping the Company to maintain a competitive cost structure.

]SW Steel’s overseas manufacturing facilities comprise a plate/pipe mill in Baytown, Texas, U.S., a steelmaking facility in Ohio, U.S, and a long product mill in Italy. The Baytown facility has a 1.2 million net tonnes per annum (MNTPA) plate mill and a 0.55 MNTPA pipe mill. The Ohio facility is a hot rolling mill with a 3 MNTPA capacity. It is partially backward integrated with a 1.5 MNTPA Electric Arc Furnace (EAF).

The facility in Italy produces long products – railway lines, bars, wire rods, and grinding balls – with an aggregate capacity of 1.3 MTPA. JSW Steel plans to expand its domestic steel capacity to 45 MTPA in the next decade through a combination of organic and inorganic growth. This will have a positive impact on JSW steel share price target 2022. By considering all these factors, JSW Steel share price target for 2022 is Rs 708.

JSW Steel share price target 2022
Rs 708

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JSW Steel Share Price Target 2023

JSW Steel is a leading player in the Indian steel market with significant domestic and international reach. The Company has expanded its Indian steelmaking capacities rapidly – from 3.8 MTPA in FY 2006-07 to 18.0 MTPA in FY 2015-16, through organic and inorganic growth. The Company has also continuously sustained its market position with its core strengths of agile operations, rich product mix, best-in-class technology, excellence in project execution, sustainable sourcing, and consistent focus on employee engagement.

With the long-term growth potential for steel consumption in the domestic market, the Company has embarked on an additional capital expenditure program to expand its capacities at its plants, and also to modernize and expand the capacities of its downstream business. The capacity at Vijayanagar Works is being expanded from 12 to 19.5 MTPA through brownfield expansion, setting up a 5 MTPA steelmaking capacity through one of its wholly-owned subsidiary ISW Vijayanagar Metallics Limited, and other productivity-enhancing initiatives.

The capacity expansion project at Dolvi from 5 MTPA to 10 MTPA is nearing completion, along with the 1 MTPA capacity at Salem thereby bringing the overall capacity to 30.5 MTPA in the next four years. JSW steel share price target for 2023 is Rs 775.

JSW steel share price target 2023
Rs 775

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JSW Steel Share Price Target 2024

Climate change and environmental impacts have become a stark reality that is shaping societies, businesses, and economies. Globally, there is a mainstream movement towards decarbonization. In order to achieve the 1.5°C temperature reduction target set as part of the Paris Agreement, the world must reduce its carbon emissions by half in the next ten years. Metals and mining industries will play a key role in helping achieve this, with prospects of reducing their carbon footprint and building better. Steel will be more popular given that it is infinitely recyclable and is affordable for use in multiple applications.

The role metals and mining companies play in determining the shape of a collective future is significant, as their natural capital derived from raw materials for manufacturing and energy needs, powers growth. Thus, effective resource utilization, a circular approach to business, adopting the best available technologies, and leaving a greener footprint have become imperative for steelmakers. Environmental, Social, and Governance (ESG) aspects find more relevance today than ever before, and their application to the steel industry is getting increasingly pronounced.

Currently, the global environment is characterized by supply inelasticity, demand surge, improved market sentiment, and large-scale public expenditure on commodity-intensive infrastructure. Steel is a natural beneficiary. Further, a global energy transition towards renewables provides a huge opportunity for the steel sector, with demand expected to rise 7x to around 100 MnT from this sector alone, These trends are expected to set the stage for the next supercycle in steel. By considering all these factors, JSW steel share price target for 2024 is Rs 860.

JSW Steel share price target 2024
Rs 860

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JSW Steel Share Price Target 2025

The outlook for CY 2021 is robust as Demand in China started tapering in governments across the US, Europe, in December 2020. and the effects of Japan, Korea, Russia, and China are the US$ 550 billion fiscal stimuli providing strong support to bring the may not carry forward to CY 2021. domestic economy engine roaring This would lead to a moderate growth back to action. A significant part of the demand scenario for China.

This support comes in the form of Further. Chinese curbs on carbon increased infrastructure spending, and emissions and measures such as liquidity injections, which directly help export tax on energy-inefficient boost steel demand. products would help moderate the Chinese supply towards the second half of the current year.

As a result, global finished steel demand is expected to recover in CY 2021 to 1.874 MT, an increase of 5.8% over CY 2020. In CY 2022. this figure is expected to touch 1,924.6 MnT, at a 2.7% yearly increase.

In the developed economies, manufacturing is showing some early signs of recovery and if the second wave of infections can be brought under control progressively, business activities can be expected to stabilize. The evolution of the virus, the progress of vaccinations, withdrawal of supportive fiscal and monetary policies, and geopolitics pose broad risks to the outlook. By considering all these factors, JSW steel share price target for 2025 is Rs 950.

JSW steel share price target 2025
Rs 950

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JSW Steel Share Price Target 2030

By 2024, the global construction industry is expected to record a CAGR of 9.2%, to reach US$ 11,093.7 billion. In the short term, the residential and commercial construction centers are expected return to a stable growth path over the next five to six quarters. Public spending will focus on utility-led infrastructure building, which will boost the steel demand.

In CY 2021, the auto market is expected to grow by 9% to 83.4 million in volume terms, and a further 5% to 89.7 million in CY 2022. The increased focus on electric vehicles is likely to lead to a shift towards more specialized grades, helping the players who have the capacity and technology for producing value-added products.

The global metalworking machinery industry, a key consumer of the steel industry, is expected to grow at a CAGR of 8% to touch US$ 357.7 billion in 2025. In the near term, the industry is expected to grow to US$ 262.77 billion in 2021, as the economies recover.

The future of the Indian steel industry appears encouraging. Indian steel consumption stood at 94.14 MnT at the end of FY 2020-21, down 6% V-0-y. In FY 2021-22, the demand is expected to touch 110 MnT, presenting an incremental requirement of 16 MT over that of last year. The revival and expected growth will be a function of public expenditure on infrastructure, which majorly drives incremental demand. In addition, end-user industries such as automobiles, engineering, piping, and packaging are also seeing an uptick.

Demand for commercial vehicles is also slated to go up. Together, they will enable the industry to pick up where it left off before COVID-19 struck. The Union Budget 2021-22 has outlined a strong focus on infrastructure development (a 34.5% improvement over the last Budget’s estimates) giving significant impetus to steel as an industry. The Budget also announced several initiatives such as affordable housing, expansion of road and railway networks, development of domestic shipbuilding industry, and opening up of the defense sector for private participation, all of which are expected to create massive demand for steel in the country.

The Finance Minister in her budget proposal also mentioned the reduction of customs duty uniformly to 7.5% on semis, flat, and long products of non-alloy, alloy, and stainless steel. To provide relief to metal recyclers, mostly MSMEs – duty on steel scrap is exempted until March 31, 2022. The Centre has also removed anti-dumping and countervailing duties levied on certain steel products until September 30, 2021. By considering all these factors, JSW steel share price target for 2030 is Rs 2,700.

JSW Steel share price target 2030
Rs 2,700

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JSW Steel Share Price Target 2022, 2023, 2024, 2025, and 2030

YearShare Price Target
JSW Steel share price target 2022Rs 708
JSW Steel share price target 2023Rs 775
JSW Steel share price target 2024Rs 860
JSW Steel share price target 2025Rs 950
JSW Steel share price target 2030Rs 2,700

Frequently Asked Questions

JSW Steel share price target?

JSW steel share price target for 2022 is Rs 708, JSW steel share price target for 2023 is Rs 775, JSW steel share price target for 2024 is Rs 860, JSW steel share price target for 2025 is Rs 950, and JSW steel share price target for 2030 is Rs 2,700.

Is JSW Steel a good buy?

Yes, JSW steel is very strong in terms of financials and fundamentals. The company is performing well in all aspects.

JSW steel share price target 2022?

JSW steel share price target for 2022 is Rs 708.

JSW steel share price target 2023?

JSW steel share price target for 2023 is Rs 775.

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