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Add JSW Steel, target price Rs 623: Centrum Broking

Centrum Broking has add call on JSW Steel with a target price of Rs 623. The current market price of . is Rs 570.95. Time period given by analyst is one year when Ltd. price can reach defined target.

JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 137854.08 Crore) operating in Metals – Ferrous sector.

JSW Steel Ltd. key Products/Revenue Segments include Hot Rolled Coils/Plates/Sheets, Rolled Product, Coils (Cold Rolled), Coils & Sheets (Galvanised), Billets & Blooms, Iron Ore, Others, Other Operating Revenue, M S/S S Slabs for the year ending 31-Mar-2021.

Financials

For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 47128.00 Crore, up 23.29 % from last quarter Total Income of Rs 38225.00 Crore and up 73.94 % from last year same quarter Total Income of Rs 27095.00 Crore. Company reported net profit after tax of Rs 3374.00 Crore in latest quarter.

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Promoter/FII Holdings
Promoters held 45.01 per cent stake in the company as of 31-Mar-2022, while FIIs owned 11.58 per cent, DIIs 7.93 per cent.

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