Earnings Alerts

JSW Steel Ltd (JSTL) Earnings: July Crude Steel Output Rises 8.8% Y/Y to 2.22M Tons

  • JSW Steel’s crude steel output for July 2024 was 2.22 million tons.
  • This marks an 8.8% increase compared to July 2023, which saw 2.04 million tons.
  • July’s consolidated crude steel production stood at 2.22 million tons.
  • Capacity utilisation at JSW Steel’s Indian operations was 91% for July.
  • Analysts provided 31 recommendations: 14 buys, 9 holds, and 8 sells.
  • Comparisons are based on the company’s originally reported disclosures.

JSW Steel Ltd on Smartkarma



Analyst coverage of JSW Steel Ltd on Smartkarma has been predominantly bearish in recent reports. Leonard Law, CFA, in the report titled “Morning Views Asia: JSW Steel Ltd, Vista Land & Lifescapes,” provided fundamental credit analysis and trade recommendations. The report highlighted key company-specific developments impacting JSW Steel Ltd. Another report by Trung Nguyen, “JSW Steel – Earnings Flash – FY 2023-24 Results – Lucror Analytics,” noted soft Q4 results but anticipated a stronger FY 2024-25 with higher revenue and earnings, despite liquidity concerns. Leonard Law, CFA, in another report, “Morning Views Asia: JSW Steel Ltd,” continued to express bearish sentiment towards the company.



A look at JSW Steel Ltd Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth2
Resilience2
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

JSW Steel Ltd, an integrated steel producer with facilities in multiple Indian states, has recently received favorable Smart Scores in certain key areas. With strong scores in both Value and Dividend categories, the company is positioned well for potential long-term growth and income opportunities for investors. However, there are lower scores in Growth and Resilience, indicating areas where the company may need to focus on improving for sustained performance. Combined with a moderate Momentum score, JSW Steel Ltd appears to have a solid foundation but may require strategic adjustments to enhance growth and resilience over the long term.

Overall, JSW Steel Limited is recognized for its production of various steel products like hot rolled coils, cold rolled coils, wire rods, and galvanized coils and sheets, emphasizing its position as a key player in the steel industry. The favorable Smart Scores in Value and Dividend aspects highlight the potential for investors seeking a balance of stability and returns. While there are areas for improvement in Growth and Resilience scores, the company’s established presence in the market, coupled with its current momentum, suggests it has the potential for continued success with the right strategic decisions moving forward.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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