JSW Steel is an Indian manufacturer of steel and iron products. It is the leading company in the Jindal group.
What began as one man’s dream, today has become one of the country’s leading businesses. The history dates back to 1982 when they set up their first plant at Vasind near Mumbai. Soon after, they acquired Piramal Steel Ltd., which operated a mini steel mill near Tarapur, Maharashtra. The experience and skill of Jindal’s in the steel sector helped them to grow at an exponential pace, renaming it as Jindal Iron and Steel Co (JISCO).
Twelve years after its inception, foreseeing the potential growth, vision to move up the value chain, and building a strong and resilient company Jindal Vijayanagar Steel (JVS) was established.
JVS was set up with its plant in Toranagallu in the Bellary-Hospet area of Karnataka. It has a resource of high-grade Iron ore spread across 3700 acres of land. Its remarkable connectivity with Bangalore, Goa, and Chennai ports has been a boon.
Post this establishment of JVS, in 2005, both JISCO and JSV merged to form a company we all know today as ‘JSW Steel’.
The steel giant’s start to the pinnacle had started. They had established a strong presence not only in India but across the globe. The highlight for the overseas markets started with acquiring a US steel mill and a UK service center. Soon after, they allied with a steel plant in Georgia.
Post this, they tied up with Japan’s second-largest steel manufacturer, JFE Steel Corporation. Japan was already manufacturing high-grade automotive steel. JSW had acquired a major stake in ISPAT Industries Ltd.
JSW issued its IPO in the year 1995 and was listed on the Bombay Stock Exchange.
Today, JSW Steel has spread its plants across 6 different regions in India and acquired mining assets in close to 3 regions.
As for investors keen on investing in the company, it is important to understand the nature of the business. JSW Steel is a cyclical business, where ‘buy and hold forever’ or long term investment simply does not make any sense.
A lot of investors buy such companies when the price-to-earning (PE) is extremely high, and sell when the PE goes low. This makes sense as the PE is high when the earnings are low (down cycle) and the PE is low when the earnings are high (upcycle). It is important to time the entry and exit, making this more of a trade and less of an investment.
JSW Steel Share Price History
| Year | Share Price | Gain / Loss |
|---|---|---|
| 1995 | ₹ 22.52 | |
| 1996 | ₹ 14.60 | - 35.2% |
| 1997 | ₹ 12.13 | - 16.9% |
| 1998 | ₹ 7.67 | - 36.8% |
| 1999 | ₹ 16.46 | + 114.6% |
| 2000 | ₹ 13.24 | - 19.6% |
| 2001 | ₹ 5.32 | - 59.8% |
| 2002 | ₹ 13.49 | + 153.6% |
| 2003 | ₹ 32.52 | + 141.1% |
| 2004 | ₹ 41.90 | + 28.8% |
| 2005 | ₹ 22.93 | - 45.3% |
| 2006 | ₹ 38.69 | + 68.7% |
| 2007 | ₹ 131.84 | + 240.8% |
| 2008 | ₹ 22.95 | - 82.6% |
| 2009 | ₹ 101.27 | + 341.3% |
| 2010 | ₹ 117.62 | + 16.1% |
| 2011 | ₹ 50.71 | - 56.9% |
| 2012 | ₹ 81.20 | + 60.1% |
| 2013 | ₹ 101.76 | + 25.3% |
| 2014 | ₹ 104.75 | + 2.9% |
| 2015 | ₹ 103.25 | - 1.4% |
| 2016 | ₹ 162.46 | + 57.3% |
| 2017 | ₹ 269.70 | + 66.0% |
| 2018 | ₹ 306.25 | + 13.6% |
| 2019 | ₹ 269.90 | - 11.9% |
| 2020 | ₹ 387.30 | + 43.5% |
| 2021 | ₹ 655.90 | + 69.4% |
| 2022 | ₹ 767.90 | + 17.1% |
| 2023 | ₹ 880.40 | + 14.7% |
| 2024 | ₹ 975.00 | + 10.7% |
JSW Steel Share Price Chart
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JSW Steel Calculator
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- During 1995, the share price of JSW steel was ₹ 22.52.
- If you had bought shares worth ₹ 2500 in 1995, you would have 1110 shares today.
- At the end of 2024, the current value of your shares would be ₹ 1082371.
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