Earnings Alerts

JSW Steel Ltd (JSTL) Earnings: November Crude Steel Output Rises 5.1% Y/Y Amid Capacity Upgrades

By December 9, 2025 No Comments
  • JSW Steel’s crude steel output in November 2025 was 2.44 million tons, marking a 5.1% increase compared to November 2024.
  • The company’s capacity utilization in India for November stood at 84%.
  • Capacity utilization was lower due to the shutdown of Blast Furnace 3 at Vijayanagar, which began at the end of September 2025 for capacity upgradation from 3 to 4.5 million tons per annum (MTPA).
  • Excluding the capacity of Blast Furnace 3, capacity utilization was approximately 93% for November 2025.
  • The company has received 17 buy recommendations, 9 hold recommendations, and 10 sell recommendations from analysts.
  • Comparisons are based on the company’s original disclosed results from previous periods.

JSW Steel Ltd on Smartkarma

Analyst coverage on JSW Steel Ltd is showing bullish sentiment according to reports on Smartkarma. Trung Nguyen‘s Lucror Analytics – Morning Views Asia notes the decline in UST yields, positively impacting equities, while Rahul Jain highlights the strategic partnership between JSW and POSCO for a 6mt steel JV in Odisha. This venture aims to combine Indian scale with global technology to enhance the country’s steel industry. Jain’s analysis on JSW Steel’s strong Q1 performance and confident FY26 guidance showcases the company’s growth trajectory, supporting its premium valuation above peers. JSW Steel’s steady output amidst pricing pressure, with plans for capacity expansion, indicates a positive outlook with record volumes expected ahead.


A look at JSW Steel Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

JSW Steel Ltd, an integrated steel producer with facilities in Karnataka, Tamil Nadu, and Maharashtra, demonstrates a positive long-term outlook according to Smartkarma Smart Scores. With a strong momentum score of 4, the company is showing promising signs of growth and market performance. Its value and growth scores of 3 also indicate a solid foundation and potential for expansion. While the dividend and resilience scores are slightly lower at 2, the overall outlook remains optimistic for JSW Steel Ltd.

Specializing in products like hot rolled coils, cold rolled coils, wire rods, and galvanized coils and sheets, JSW Steel Ltd is positioned well for future success in the steel industry. Investors may find the company appealing based on its strong momentum and growth potential, despite slightly lower scores in dividend and resilience. With a balanced overall assessment from Smartkarma Smart Scores, JSW Steel Ltd appears to be a promising investment opportunity for those looking for long-term growth and value in the steel sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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