JSW Steel Share Price Soars After Posting 235% Jump In Net Profit; Should You Buy? Check Target Price

JSW Steel Share Price Today: Shares of JSW Steel surged nearly 2% during the early trading hours on Tuesday, January 27, as investors cheered the company's 235% year-on-year (YoY) net profit in the third quarter of financial year 2025-26.

JSW Steel shares were trading 1.67% higher at Rs 118.99 per share on BSE with a market capitalisation of Rs 2,90,642.20 crore at 9:35 am. The company scrip had touched an intraday high of Rs 1201.45 per share and an intraday low of Rs 1183.35 per share.

JSW Steel Share Price Recommendation

Strong volume helped JSW Steel to beat the market expectations and report strong Q3 profit and revenue. The company's adjusted EBITDA was in line with the estimates however it dipped on a sequential basis due to weak NSR, noted Motilal Oswal n its report released on Tuesday.

The brokerage gave a 'Buy' recommendation for the stock on the back of company's strong volume. "We believe JSTL is well-placed with new capacities coming on-stream, strong domestic demand, and a rising share of value-added proportion in the sales mix. Its focus on increasing the captive share of iron ore and improving coal linkages will support earnings," noted Motilal Oswal in its report.

JSW Steel Share Price Target

The brokerage has given a target price of Rs 1,350 per share, indicating an upside of 15%. "At CMP, JSTL trades at 8.6x FY27E EV/EBITDA, and we broadly retain our FY27/28 earnings estimates. We reiterate our BUY rating on the stock with a TP of INR1,350 (premised on 9x EV/EBITDA on Sep'27 estimate)," noted the brokerage in its report.

JSW Steel Q3 Result Recap

JSW Steel had reported a net consolidated profit of Rs 2,410 crore in Q3FY26, which was up around 235% on a year-on-year basis (YoY) from Rs 719 crore reported in Q3FY25. The company's net profit (attributable to owners of the company) stood at Rs 2,139 crore. JSW Steel' net consolidated revenue from operations stood at Rs 45,991 crore, which was up 11% from Rs 41,378 crore reported in the year-ago period.

The company had reported an EBITDA of Rs 6,496 crore during the quarter under review and adjusted EBITDA stood at Rs 6,620 crore. JSW Steel's net debt to equity stood at 0.92x and net debt to EBITDA stood at 2.91x.

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