JSW Steel (JSWSTEEL) Financial Ratio Screen

NSE Basic Materials India INR 2851062M
RATIOS FAIL*
Automated financial screen · activity assessed separately
JSW Steel (JSWSTEEL) is potentially non-compliant in the automated ratio model. The company's debt ratio of 44.2% exceeds the 30% MSCI new-inclusion threshold relative to total assets. JSW Steel operates in the Basic Materials sector.

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MSCI new-inclusion financial-ratio snapshot

JSWSTEEL financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
44.2%
Fail vs 30%
Cash ratio
18.4%
Pass vs 30%
Receivables + cash
18.7%
Pass vs 30%
Impermissible income
0.4%
Pass vs 5%

Calculation date: 2026-10-15. Financial period used: March 2026. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodMarch 2026Calculation date2026-10-15S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Steel) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: JSW Steel Limited manufactures and sells iron and steel products in India and internationally. The company offers hot and cold rolled steel products, colour coated sheets, galvanized and galvalume steel, electrical steel, steel doors, zinc-magnesium-aluminium products, aluminium-zinc roofing products, tin plate, TMT bars, wire rods, special alloy steel, grinding media, prepainted colour coated steel, low-carbon steel, hot-rolled sheets, structural steel, and low relaxation pre-stressed concrete steel strands under the JSW Neosteel, JSW Neostrands, JSW Neosteel Fastbuild, JSW Trusteel, JSW Colouron+, JSW Everglow, JSW Vishwas, JSW Platina, JSW Magsure, JSW Galveco, JSW Silveron+, JSW Pragati+, JSW Vishwas+, JSW Galvos, JSW Avante, JSW ColourFrame, JSW Endura+, JSW Radiance brands. It also engages in acquisition and investment in steel related and allied businesses, and trading in steel products; real estate; production and distribution of special long steel products; management of logistic infrastructure of Piombino's port area; produces forged steel balls; manufactures plates, pipes and double jointing, slabs, and hot rolled coils; produces gaseous and liquid form of oxygen, nitrogen, argon, and other products recoverable from separation of air; mining; and construction and development of residential township. In addition, the company trades in iron ore, steel, and allied activities; and provides steel plant, coke oven and pellet plant, power plant, and scrap shredding facilities. Its products are used in automotive, general engineering, machinery, and infrastructure and construction sectors. The company was formerly known as Jindal Vijayanagar Steel Limited and changed its name to JSW Steel Limited in June 2005. JSW Steel Limited was founded in 1982 and is based in Mumbai, India.

Sources to verify: Secondary company profile and classification · Issuer website

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style debt and cash reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from March 2026

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 44.2%
/ 30%
18.4%
/ 30%
18.7%
/ 30%
0.38%
/ 5%
RATIOS FAIL*
FTSE 44.2%
/ 33%
18.4%
/ 33%
18.7%
/ 50%
0.38%
/ 5%
RATIOS FAIL*

Financial Highlights

P/E Ratio
11.5
Forward: 16.0
EPS
currency unverified 101.35
Dividend Yield
60.0%
Payout: 9.8%
P/B Ratio
2.8
EV/EBITDA
9.9
EV: INR 3.4T
Revenue
INR 1.8T
Growth: 9.8%
Beta
0.6
Low volatility

Profitability

Gross Margin 42.3%
Operating Margin 15.3%
Net Margin 13.1%

Cash Flow & Balance Sheet

Operating Cash FlowINR 251.5B
Free Cash FlowINR 105.0B
Total DebtINR 1.2T
Debt-to-Equity95.4
Total AssetsINR 2.7T

Price & Trading

Last CloseINR 1,175.20
50-Day MAINR 1,282.69
200-Day MAINR 1,244.10
Avg Volume1.7M
Beta0.6
52-Week Range
INR 1,073.20
INR 1,351.00

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-10-10 for the financial period March 2026. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About JSW Steel (JSWSTEEL)

CEO
Mr. Jayant Acharya
Employees
16,083
Sector
Basic Materials
Industry
Steel
Country
India
Exchange
NSE
Market Cap (listing currency)
INR 2851062M
Currency
INR

JSW Steel Limited manufactures and sells iron and steel products in India and internationally. The company offers hot and cold rolled steel products, colour coated sheets, galvanized and galvalume steel, electrical steel, steel doors, zinc-magnesium-aluminium products, aluminium-zinc roofing products, tin plate, TMT bars, wire rods, special alloy steel, grinding media, prepainted colour coated steel, low-carbon steel, hot-rolled sheets, structural steel, and low relaxation pre-stressed concrete steel strands under the JSW Neosteel, JSW Neostrands, JSW Neosteel Fastbuild, JSW Trusteel, JSW Colouron+, JSW Everglow, JSW Vishwas, JSW Platina, JSW Magsure, JSW Galveco, JSW Silveron+, JSW Pragati+, JSW Vishwas+, JSW Galvos, JSW Avante, JSW ColourFrame, JSW Endura+, JSW Radiance brands. It also engages in acquisition and investment in steel related and allied businesses, and trading in steel products; real estate; production and distribution of special long steel products; management of logistic infrastructure of Piombino's port area; produces forged steel balls; manufactures plates, pipes and double jointing, slabs, and hot rolled coils; produces gaseous and liquid form of oxygen, nitrogen, argon, and other products recoverable from separation of air; mining; and construction and development of residential township. In addition, the company trades in iron ore, steel, and allied activities; and provides steel plant, coke oven and pellet plant, power plant, and scrap shredding facilities. Its products are used in automotive, general engineering, machinery, and infrastructure and construction sectors. The company was formerly known as Jindal Vijayanagar Steel Limited and changed its name to JSW Steel Limited in June 2005. JSW Steel Limited was founded in 1982 and is based in Mumbai, India.

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Frequently Asked Questions

Is JSW Steel (JSWSTEEL) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is JSW Steel's debt ratio?

JSW Steel's debt ratio is 44.2% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are JSW Steel's key financial metrics?

JSW Steel has a market capitalization of INR 2851062M in its listing currency, trailing P/E ratio of 11.5, and revenue of INR 1.8T. The company maintains a gross margin of 42.3% and a net margin of 13.1%.

How often is the screening data updated?

Calculation date: 2026-10-15. Financial period: March 2026. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.