Buy JSW Steel, target price Rs 903: Prabhudas Lilladher

Prabhudas Lilladher has buy call on JSW Steel with a target price of Rs 903. The current market price of JSW Steel Ltd. is Rs 798.5.

JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 194914.91 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), Others, Iron Ore, Billets & Blooms, Other Operating Revenue, M S/S S Slabs, Color Coated Coil/Sheets for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 44821.00 Crore, up 5.35 % from last quarter Total Income of Rs 42544.00 Crore and up 6.80 % from last year same quarter Total Income of Rs 41966.00 Crore. Company reported net profit after tax of Rs 2797.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 44.8 per cent stake in the company as of 30-Sep-2023, while FIIs owned 26.13 per cent, DIIs 9.47 per cent.