JSW Steel Limited (JSWSTEEL) - Net Assets

Latest as of March 2026: Rs1.05 Trillion INR ≈ $11.41 Billion USD

Based on the latest financial reports, JSW Steel Limited (JSWSTEEL) has net assets worth Rs1.05 Trillion INR (≈ $11.41 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs2.70 Trillion ≈ $29.16 Billion USD) and total liabilities (Rs1.64 Trillion ≈ $17.76 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check JSWSTEEL tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs1.05 Trillion
% of Total Assets	39.11%
Annual Growth Rate	18.2%
5-Year Change	53.9%
10-Year Change	370.83%
Growth Volatility	20.13

JSW Steel Limited - Net Assets Trend (2005–2026)

This chart illustrates how JSW Steel Limited's net assets have evolved over time, based on quarterly financial data. See JSW Steel Limited (JSWSTEEL) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for JSW Steel Limited (2005–2026)

The table below shows the annual net assets of JSW Steel Limited from 2005 to 2026. For live valuation and market cap data, see how much is JSW Steel Limited worth.

Year	Net Assets	Change
2026-03-31	Rs1.05 Trillion ≈ $11.41 Billion	+29.15%
2025-03-31	Rs816.66 Billion ≈ $8.83 Billion	+2.37%
2024-03-31	Rs797.76 Billion ≈ $8.63 Billion	+19.00%
2023-03-31	Rs670.39 Billion ≈ $7.25 Billion	-2.18%
2022-03-31	Rs685.35 Billion ≈ $7.41 Billion	+48.52%
2021-03-31	Rs461.45 Billion ≈ $4.99 Billion	+28.10%
2020-03-31	Rs360.24 Billion ≈ $3.90 Billion	+4.89%
2019-03-31	Rs343.45 Billion ≈ $3.71 Billion	+24.74%
2018-03-31	Rs275.34 Billion ≈ $2.98 Billion	+22.91%
2017-03-31	Rs224.02 Billion ≈ $2.42 Billion	+3.47%
2016-03-31	Rs216.51 Billion ≈ $2.34 Billion	-6.48%
2015-03-31	Rs231.52 Billion ≈ $2.50 Billion	+4.73%
2014-03-31	Rs221.05 Billion ≈ $2.39 Billion	+26.02%
2013-03-31	Rs175.41 Billion ≈ $1.90 Billion	+3.38%
2012-03-31	Rs169.67 Billion ≈ $1.83 Billion	+1.21%
2011-03-31	Rs167.65 Billion ≈ $1.81 Billion	+76.93%
2010-03-31	Rs94.76 Billion ≈ $1.02 Billion	+17.32%
2009-03-31	Rs80.77 Billion ≈ $873.51 Million	-0.04%
2008-03-31	Rs80.81 Billion ≈ $873.90 Million	+44.53%
2007-03-31	Rs55.91 Billion ≈ $604.65 Million	+30.90%
2006-03-31	Rs42.71 Billion ≈ $461.92 Million	+35.61%
2005-03-31	Rs31.50 Billion ≈ $340.63 Million	--

Equity Component Analysis

This analysis shows how different components contribute to JSW Steel Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs3.05 Billion	0.30%
Other Components	Rs997.48 Billion	99.70%
Total Equity	Rs1.00 Trillion	100.00%

JSW Steel Limited Competitors by Market Cap

The table below lists competitors of JSW Steel Limited ranked by their market capitalization.

Company	Market Cap
Oil & Natural Gas Corporation Limited NSE:ONGC	$33.77 Billion
Ubiquiti Networks Inc NYSE:UI	$33.78 Billion
Gold Fields Limited F:EDG	$33.83 Billion
KERING.UNSP.ADR 1/10 EO 4 F:PPXB	$33.83 Billion
ASM International NV AS:ASM	$33.60 Billion
Swisscom AG SW:SCMN	$33.54 Billion
JBS S.A SA:JBSS3	$33.48 Billion
Archer-Daniels-Midland Company NYSE:ADM	$33.40 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in JSW Steel Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 794,960,000,000 to 1,000,530,000,000, a change of 205,570,000,000 (25.9%).
Net income of 223,160,000,000 contributed positively to equity growth.
Dividend payments of 6,850,000,000 reduced retained earnings.
Share repurchases of 3,940,000,000 reduced equity.
Other comprehensive income decreased equity by 196,590,000,000.
Other factors increased equity by 189,790,000,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs223.16 Billion	+22.3%
Dividends Paid	Rs6.85 Billion	-0.68%
Share Repurchases	Rs3.94 Billion	-0.39%
Other Comprehensive Income	Rs-196.59 Billion	-19.65%
Other Changes	Rs189.79 Billion	+18.97%
Total Change	Rs-	25.86%

Book Value vs Market Value Analysis

This analysis compares JSW Steel Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 3.11x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 56.87x to 3.11x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs22.41	Rs1274.30	x
2006-03-31	Rs28.26	Rs1274.30	x
2007-03-31	Rs35.04	Rs1274.30	x
2008-03-31	Rs44.02	Rs1274.30	x
2009-03-31	Rs41.72	Rs1274.30	x
2010-03-31	Rs49.31	Rs1274.30	x
2011-03-31	Rs80.49	Rs1274.30	x
2012-03-31	Rs75.07	Rs1274.30	x
2013-03-31	Rs77.73	Rs1274.30	x
2014-03-31	Rs90.76	Rs1274.30	x
2015-03-31	Rs95.37	Rs1274.30	x
2016-03-31	Rs89.54	Rs1274.30	x
2017-03-31	Rs93.69	Rs1274.30	x
2018-03-31	Rs115.83	Rs1274.30	x
2019-03-31	Rs143.95	Rs1274.30	x
2020-03-31	Rs151.41	Rs1274.30	x
2021-03-31	Rs193.46	Rs1274.30	x
2022-03-31	Rs278.41	Rs1274.30	x
2023-03-31	Rs271.78	Rs1274.30	x
2024-03-31	Rs318.83	Rs1274.30	x
2025-03-31	Rs325.08	Rs1274.30	x
2026-03-31	Rs409.12	Rs1274.30	x

Capital Efficiency Dashboard

This dashboard shows how efficiently JSW Steel Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 22.30%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.03%
• Asset Turnover: 0.69x
• Equity Multiplier: 2.70x
Recent ROE (22.30%) is above the historical average (13.99%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	27.62%	13.03%	0.78x	2.71x	Rs5.55 Billion
2006	19.84%	13.99%	0.56x	2.55x	Rs4.29 Billion
2007	23.10%	14.85%	0.68x	2.30x	Rs7.33 Billion
2008	20.79%	13.17%	0.48x	3.32x	Rs8.51 Billion
2009	3.11%	1.52%	0.46x	4.40x	Rs-5.38 Billion
2010	17.26%	8.43%	0.53x	3.86x	Rs6.72 Billion
2011	10.61%	7.25%	0.52x	2.79x	Rs1.01 Billion
2012	8.91%	4.34%	0.63x	3.24x	Rs-1.82 Billion
2013	5.72%	2.59%	0.66x	3.33x	Rs-7.43 Billion
2014	1.91%	0.82%	0.66x	3.54x	Rs-17.75 Billion
2015	7.79%	3.39%	0.62x	3.73x	Rs-5.09 Billion
2016	-1.55%	-0.81%	0.50x	3.80x	Rs-25.00 Billion
2017	15.56%	6.34%	0.63x	3.89x	Rs12.58 Billion
2018	22.19%	8.64%	0.78x	3.29x	Rs34.14 Billion
2019	21.95%	9.01%	0.74x	3.30x	Rs41.59 Billion
2020	11.01%	5.53%	0.55x	3.60x	Rs3.70 Billion
2021	16.92%	9.91%	0.54x	3.17x	Rs32.35 Billion
2022	30.71%	14.12%	0.74x	2.92x	Rs139.35 Billion
2023	6.31%	2.50%	0.79x	3.21x	Rs-24.25 Billion
2024	11.35%	5.04%	0.77x	2.94x	Rs10.45 Billion
2025	4.41%	2.08%	0.70x	3.03x	Rs-44.46 Billion
2026	22.30%	12.03%	0.69x	2.70x	Rs123.11 Billion

Industry Comparison

This section compares JSW Steel Limited's net assets metrics with peer companies in the Steel industry.

Industry Context

Industry: Steel
Average net assets among peers: $1,957,799,580
Average return on equity (ROE) among peers: 5.57%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
JSW Steel Limited (JSWSTEEL)	Rs1.05 Trillion	27.62%	1.56x	$33.64 Billion
Ankit Metal & Power Limited (ANKITMETAL)	$3.09 Billion	-62.57%	5.34x	$2.41 Million
APL Apollo Tubes Limited (APLAPOLLO)	$2.99 Billion	16.39%	1.36x	$5.53 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$4.61 Billion	15.96%	1.74x	$515.80 Million
Bedmutha Industries Limited (BEDMUTHA)	$196.46 Million	35.65%	3.25x	$38.30 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$691.47 Million	2.17%	1.05x	$164.08 Million
Electrotherm (India) Limited (ELECTHERM)	$-12.22 Billion	0.00%	0.00x	$157.31 Million
Grand Foundry Limited (GFSTEELS)	$-64.42 Million	0.00%	0.00x	$4.48 Million
Goodluck India Limited (GOODLUCK)	$1.19 Billion	18.47%	2.95x	$472.23 Million
Godawari Power And Ispat limited (GPIL)	$13.36 Billion	18.86%	1.63x	$1.94 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$5.73 Billion	10.78%	1.09x	$140.36 Million

About JSW Steel Limited

NSE:JSWSTEEL India Steel

Market Cap

$33.64 Billion

Rs3.11 Trillion INR

Market Cap Rank

#812 Global

#18 in India

Share Price

Rs1274.30

Change (1 day)

-1.71%

52-Week Range

Rs986.35 - Rs1312.90

All Time High

Rs1312.90