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 JSW Steel Ltd. is Rs 570.95. Time period given by analyst is one year when JSW Steel 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.



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.