JSW STEEL is ready guys.....JSW STEEL LTDNSE:JSWSTEELnjgroup111JSW Steel: Current Status & Financials Snapshot 1. Q1 FY26 (June Quarter) Performance Net Profit (PAT): Consolidated PAT surged to ₹2,209 crore, more than double from ₹867 crore in Q1 FY25 The Times of India . Another source reports a similar consolidated PAT of ₹2,184 crore, implying a 158% YoY increase and beating expectations of ₹2,039 crore The Economic Times . Revenue: Nearly flat at ₹43,147 crore, with a 9% increase in sales volumes offset by lower steel prices Reuters The Economic Times Investing.com India . Margins & Costs: EBITDA margins improved significantly to 17.56% (from 12.83% YoY), supported by falling raw material costs and the imposition of a 12% safeguard duty Reuters . Production: Crude steel output rose by 14% YoY in Q1 The Times of India Reuters . 2. Full-Year FY25 (Ended March 2025) Results Production & Sales: Record-high annual crude steel production of 27.79 million tonnes and saleable steel sales of 26.45 million tonnes jsw.in . Revenue: ₹1,68,824 crore from operations jsw.in . Operating EBITDA: ₹22,904 crore, with EBITDA of ₹6,378 crore in Q4 (14.2% margin) and PAT of ₹1,501 crore jsw.in . Leverage: Net Debt-to-Equity of 0.94x, Net Debt-to-EBITDA of 3.34x jsw.in . Cash Flow & Growth: Strong cash generation aided in reducing net debt by ₹4,358 crore between Dec 2024 and March 2025 jsw.in . 3. Financial Position & Ratios Market Cap & Price Metrics: Market cap around ₹2.63 lakh crore, stock trading at ~₹1,076, P/E at 51.6, RoE ~4.94%, RoCE ~8.11% Screener . FY25 Balance Sheet (Consolidated): Total Revenue ₹1,29,567 crore, PAT ₹5,837 crore (vs ₹8,041 crore in FY24) – YoY PAT down ~27% The Economic Times . Balance Sheet Health: Total assets ~₹2.41 lakh crore, liabilities ~₹1.59 lakh crore, equity ~₹81,666 crore. Current ratio stands at 1.17x, and Debt-to-Equity at 1.21x The Economic Times . Cash Flow Trends: Operating cash flows surged to ₹20,899 crore in FY25 (from ₹12,078 crore), while investing cash outflows were ₹16,997 crore. Net cash flow positive at ₹3,625 crore The Economic Times . 4. Recent News & Industry Tailwinds Policy Boost: On August 18, 2025, shares rose up to 3% after the DGTR proposed a final safeguard duty on steel imports for three years—expected to protect domestic steel margins from cheap imports The Economic Times . Court Developments: Shares rose marginally after the Supreme Court reserved its verdict on the ₹19,700 crore Bhushan Power resolution plan involving JSW Steel The Economic Times . Analyst View: Motilal Oswal reaffirmed a Buy rating with a target price of ₹1,180, citing capacity expansion, improving margins, and a projected fall in net-debt-to-EBITDA to 1.7x by FY27 The Times of India . TradingView Idea: Summary for "Going Long" Thesis: JSW Steel is demonstrating robust operational execution with strong margin improvement, record production volumes, and healthy cash generation. Recent policy moves—like the safeguard duty—and favorable raw material cost dynamics enhance the earnings outlook. With leverage improving and capacity expansion underway, the stock is well-positioned for medium-term upside. Key Positives: PAT more than doubled in Q1 FY26, driven by margins and volume. FY25 delivered record volumes, EBITDA and improved leverage. Government policies are favoring domestic steel players. Analysts expect sustainable margins and strong revenue growth. Balance sheet strengthening through net debt reduction. Watchpoints: Steel prices remain volatile—could pressurize future margins. Absolute profitability in FY25 was lower than FY24—recovery in earnings is critical to sustain the bullish trend. Still, P/E remains elevated, meaning expectations are embedded. Suggested Entry & Targets: Entry near current levels (~₹1,070–1,080). Initial target: ₹1,180 (based on analyst outlook). Manage risk with a stop-loss near recent support (~₹1,000).