JSW Steel Ltd (JSTL) Earnings Report: 5% YoY Growth in Crude Steel Production with 92% Capacity Utilization

JSW Steel Ltd on Smartkarma

According to Leonard Law, CFA, an independent analyst on Smartkarma, JSW Steel Ltd has received a bearish outlook. Law’s analysis, titled “Morning Views Asia: JSW Steel Ltd“, provides a fundamental credit analysis and trade recommendations for the company. In the report, Law mentions that the company’s performance in the past 24 hours has been influenced by specific company developments. The report also includes a market commentary, key market indicators, and a macroeconomic and corporate event calendar.

Another independent analyst on Smartkarma, Trung Nguyen, also has a bearish view on JSW Steel Ltd. In his report, titled “JSW Steel – Earnings Flash – Q2 FY 2023-24 Results – Lucror Analytics“, Nguyen notes that the company has delivered strong results in the second quarter of fiscal year 2023-24. This is due to higher volumes and a recovery in steel prices. Nguyen also mentions that the company’s financial risk profile is improving and liquidity is adequate. However, the key credit driver for the company remains steel prices, and Nguyen expects better results in the second half of the fiscal year. With a stable debt and improving leverage profile, JSW Steel Ltd may see a larger earnings improvement in the future.

A look at JSW Steel Ltd Smart Scores

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, one of India’s leading integrated steel producers, has been given a Smartkarma Smart Score of 3 out of 5 for both its value and dividend potential. This indicates a solid outlook for the company in terms of its financial stability and potential for investors to receive returns. Additionally, JSW Steel Ltd has been given a score of 4 out of 5 for growth potential, indicating a positive outlook for the company’s future expansion and profitability.

However, the company received lower scores of 2 out of 5 for both resilience and momentum. This suggests that JSW Steel Ltd may be vulnerable to market fluctuations and may not be performing as well as its peers in terms of market momentum. Despite these lower scores, JSW Steel Ltd remains a strong and stable player in the steel industry, with manufacturing facilities in multiple Indian states and a diverse range of products, including hot rolled and cold rolled coils, wire rods, and galvanized coils and sheets.

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.
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