JSWSTEEL · NSE
JSW Steel
Phase 4 · Capital Return
Profitable, cash-generative, and returning capital to shareholders through dividends.
Phase 1
Startup
Phase 2
Hyper Growth
Phase 3
Operating Leverage
Phase 4
Capital Return
Phase 5
Decline
Revenue growth (YoY)
9.9%
Mar 2026 vs Mar 2025
Net profit growth (YoY)
630.7%
Operating cash flow
₹25152 Cr
Mar 2026
Returning capital?
Yes
Last dividend ex-date 2026-07-06
Revenue, profit & operating cash flow
₹ crore, by fiscal year
RevenueNet profitOperating cash flowRevenue ends at ₹185470 Cr. Net profit ends at ₹25508 Cr. Operating cash flow ends at ₹25152 Cr.
Judge management on
Capital allocation — are dividends sized sensibly against free cash flow?
Key metric to watch
Free cash flow and the dividend payout ratio.
Typically valued on
Price/earnings and dividend yield.
| Fiscal year | Revenue | Net profit | Operating cash flow |
|---|---|---|---|
| Mar 2021 | ₹79839 Cr | ₹7873 Cr | ₹18831 Cr |
| Mar 2022 | ₹146371 Cr | ₹20938 Cr | ₹26270 Cr |
| Mar 2023 | ₹165960 Cr | ₹4139 Cr | ₹23323 Cr |
| Mar 2024 | ₹175006 Cr | ₹8973 Cr | ₹12078 Cr |
| Mar 2025 | ₹168824 Cr | ₹3491 Cr | ₹20899 Cr |
| Mar 2026 | ₹185470 Cr | ₹25508 Cr | ₹25152 Cr |
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