{"id":299888,"date":"2026-10-09T17:48:12","date_gmt":"2026-10-09T12:18:12","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=299888"},"modified":"2026-10-09T17:48:12","modified_gmt":"2026-10-09T12:18:12","slug":"jsw-steel-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/","title":{"rendered":"JSW Steel Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>JSW Steel share price Rs 1,166.20 (9 October 2026). Base target Rs 1,412, bull Rs 1,691, downside risk Rs 941. PE 10.28. 52W range Rs 1,073.20 to Rs 1,351.00.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The JSW Steel share price target for 2027 is Rs 1,412, about 21.1% above the current price of Rs 1,166.20. The bull case is Rs 1,691, and the downside risk level, which is not a target, is Rs 941. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 58.8%, with the stock holding its PE of 10.28. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a JSW Steel target price for 2027 should start with where the stock sits today. At Rs 1,166.20 on 9 October 2026, it is 13.7% below its 52-week high of Rs 1,351.00 and 8.7% above its 52-week low of Rs 1,073.20. That range spans 26% from low to high, so the entry point matters as much as the JSW Steel price forecast itself.<\/p>\n<p>This article builds the JSW Steel share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 1,412 base case and the Rs 1,691 bull case were reached, along with a downside risk level of Rs 941.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=jsw-steel-share-price-target-2027\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#JSW_Steel_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"JSW Steel Stock Analysis: Company Overview and Key Stats\">JSW Steel Stock Analysis: Company Overview and Key Stats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Why_Is_JSW_Steel_Share_Price_Target_Set_at_Rs_1412_for_2027\" title=\"Why Is JSW Steel Share Price Target Set at Rs 1,412 for 2027?\">Why Is JSW Steel Share Price Target Set at Rs 1,412 for 2027?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Earnings_Growth_Behind_the_JSW_Steel_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the JSW Steel Target Price: Five Years of Results\">Earnings Growth Behind the JSW Steel Target Price: Five Years of Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Margins_and_the_Latest_Quarter\" title=\"Margins and the Latest Quarter\">Margins and the Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Balance_Sheet_and_Cash_Flow\" title=\"Balance Sheet and Cash Flow\">Balance Sheet and Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Valuation_Check_for_the_JSW_Steel_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the JSW Steel Stock Target: PE, Price to Book and ROE\">Valuation Check for the JSW Steel Stock Target: PE, Price to Book and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Shareholding_Pattern_and_Institutional_Holding\" title=\"Shareholding Pattern and Institutional Holding\">Shareholding Pattern and Institutional Holding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#JSW_Steel_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"JSW Steel Share Price Targets for the Short Term and 12 Months\">JSW Steel Share Price Targets for the Short Term and 12 Months<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Short_Term_JSW_Steel_Stock_Target_Levels_Technical_Setup\" title=\"Short Term JSW Steel Stock Target Levels: Technical Setup\">Short Term JSW Steel Stock Target Levels: Technical Setup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#12_Month_JSW_Steel_Target_Price_for_2027\" title=\"12 Month JSW Steel Target Price for 2027\">12 Month JSW Steel Target Price for 2027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_JSW_Steel_Target_Price\" title=\"How EPS Growth and PE Multiple Change the JSW Steel Target Price\">How EPS Growth and PE Multiple Change the JSW Steel Target Price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_JSW_Steel_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for JSW Steel Stock Target in 2027\">Bull Case and Downside Risk for JSW Steel Stock Target in 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Bull_Case_Rs_1691\" title=\"Bull Case Rs 1,691\">Bull Case Rs 1,691<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Downside_Risk_Level_Rs_941\" title=\"Downside Risk Level Rs 941\">Downside Risk Level Rs 941<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Key_Risks_to_the_JSW_Steel_Target_Price_for_2027\" title=\"Key Risks to the JSW Steel Target Price for 2027\">Key Risks to the JSW Steel Target Price for 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_JSW_Steel_Price_Target\" title=\"Growth Slowdown Risk for the JSW Steel Price Target\">Growth Slowdown Risk for the JSW Steel Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Liquidity_and_Size_Risk\" title=\"Liquidity and Size Risk\">Liquidity and Size Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Valuation_and_Margin_Risk\" title=\"Valuation and Margin Risk\">Valuation and Margin Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Market_and_Technical_Risk\" title=\"Market and Technical Risk\">Market and Technical Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#How_to_Invest_in_JSW_Steel\" title=\"How to Invest in JSW Steel\">How to Invest in JSW Steel<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#FAQs_on_JSW_Steel_Share_Price_Target_2027\" title=\"FAQs on JSW Steel Share Price Target 2027\">FAQs on JSW Steel Share Price Target 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#What_is_the_JSW_Steel_share_price_target_for_2027\" title=\"What is the JSW Steel share price target for 2027?\">What is the JSW Steel share price target for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#What_is_the_JSW_Steel_share_price_today\" title=\"What is the JSW Steel share price today?\">What is the JSW Steel share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Is_JSW_Steel_a_buy_or_sell_at_the_current_price\" title=\"Is JSW Steel a buy or sell at the current price?\">Is JSW Steel a buy or sell at the current price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_JSW_Steel_shares\" title=\"What are the bull case target and downside risk level for JSW Steel shares?\">What are the bull case target and downside risk level for JSW Steel shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#What_are_the_main_risks_to_the_JSW_Steel_price_target\" title=\"What are the main risks to the JSW Steel price target?\">What are the main risks to the JSW Steel price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#What_is_the_PE_ratio_of_JSW_Steel_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of JSW Steel and how does it compare with the industry?\">What is the PE ratio of JSW Steel and how does it compare with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#Who_owns_JSW_Steel_and_what_is_the_promoter_holding\" title=\"Who owns JSW Steel, and what is the promoter holding?\">Who owns JSW Steel, and what is the promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/jsw-steel-share-price-target-2027\/#What_were_JSW_Steels_latest_quarterly_results\" title=\"What were JSW Steel&#8217;s latest quarterly results?\">What were JSW Steel&#8217;s latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"JSW_Steel_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>JSW Steel Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>JSW Steel (NSE: JSWSTEEL) has a market capitalisation of Rs 2,87,695 crore. In FY26 it reported revenue of Rs 1,86,718 crore and net profit of Rs 25,508 crore. The table collects the figures the JSW Steel share price target is built on.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/jswsteel\/jsw-steel-ltd-share-price-today\">JSW Steel<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>JSWSTEEL<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 1,166.20<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 1,351.00<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 1,073.20<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 2,87,695 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>10.28<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>22.91<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>2.88<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>7.21%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.99<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 114.48<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.75%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 1,412<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 1,691<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 941<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_JSW_Steel_Share_Price_Target_Set_at_Rs_1412_for_2027\"><\/span><strong>Why Is JSW Steel Share Price Target Set at Rs 1,412 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case JSW Steel stock target of Rs 1,412 applies a PE multiple of 10.28 to a forward EPS estimate of Rs 137.38. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 21.1% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Growth_Behind_the_JSW_Steel_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the JSW Steel Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>JSW Steel grew revenue from Rs 1,47,902 crore in FY22 to Rs 1,86,718 crore in FY26, a compound annual growth rate of 6.0%. Net profit grew more slowly, from Rs 20,938 crore to Rs 25,508 crore (5.1% a year), which points to margin pressure alongside the sales growth.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Financial Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>EPS (Rs)<\/th>\n<th>Dividend per Share (Rs)<\/th>\n<\/tr>\n<tr>\n<td>FY22<\/td>\n<td>1,47,902.00<\/td>\n<td>20,938.00<\/td>\n<td>85.49<\/td>\n<td>17.35<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>1,66,990.00<\/td>\n<td>4,139.00<\/td>\n<td>17.14<\/td>\n<td>3.40<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>1,76,010.00<\/td>\n<td>8,973.00<\/td>\n<td>36.17<\/td>\n<td>7.30<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>1,69,518.00<\/td>\n<td>3,491.00<\/td>\n<td>14.32<\/td>\n<td>2.80<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>1,86,718.00<\/td>\n<td>25,508.00<\/td>\n<td>91.25<\/td>\n<td>7.10<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 10.1%, faster than the four-year average of 6.0%, and net profit moved up 630.7%. EPS rose from Rs 36.17 in FY24 to Rs 91.25 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margins_and_the_Latest_Quarter\"><\/span><strong>Margins and the Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>JSW Steel converted 13.7% of FY26 revenue into net profit, against 2.1% in FY25, within a five-year range of 2.1% to 14.2%. EBITDA margin was 25.7% in FY26 versus 13.4% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 48,088 crore, up 10.6% from the same quarter a year earlier, while net profit of Rs 4,696 crore was up 112.6%. EBITDA came in at Rs 10,107 crore, up 27.5% year on year. The next quarterly result is the first test of whether the earnings assumption holds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_and_Cash_Flow\"><\/span><strong>Balance Sheet and Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt to equity stands at 0.99, and shareholders&#8217; equity grew from Rs 68,535 crore in FY22 to Rs 1,05,475 crore in FY26. Operating cash flow in FY26 was Rs 25,152 crore against capital expenditure of Rs 14,654 crore, leaving free cash flow of Rs 10,498 crore, or 3.6% of the current market capitalisation. In FY25 free cash flow was Rs 8,205 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_JSW_Steel_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the JSW Steel Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 10.28 against an industry PE of 22.91, JSW Steel trades at a discount to its industry. Price to book is 2.88 on a book value of Rs 408.89 per share, and return on equity is 7.21%. A PE of 10.28 equals an earnings yield of 9.7%, and the FY26 dividend of Rs 7.10 per share gives a yield of 0.75%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_and_Institutional_Holding\"><\/span><strong>Shareholding Pattern and Institutional Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoters held 44.29% of JSW Steel in June 2026, and promoter holding fell from 45.31% in June 2025 to 44.29% in June 2026. Foreign institutional investors (FII) held 25.92% and domestic institutions (DII) held 11.49%, which puts total institutional holding at 37.41%. FII holding rose from 25.43% in June 2025 to 25.92% in June 2026. Public shareholders own the remaining 18.30%. A meaningful institutional holding adds a layer of research coverage and trading depth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"JSW_Steel_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>JSW Steel Share Price Targets for the Short Term and 12 Months<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_JSW_Steel_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term JSW Steel Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 1,166.20 on 9 October 2026, JSW Steel trades below its 50-day simple moving average of Rs 1,281.51 and below its 200-day exponential moving average of Rs 1,232.13. The 14-day RSI reads 28.2, which is oversold territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 1,232.13 (200-day exponential moving average) and the nearest support is Rs 1,073.20 (52-week low). A sustained move above Rs 1,232.13 would improve the short-term setup, while a close below Rs 1,073.20 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_JSW_Steel_Target_Price_for_2027\"><\/span><strong>12 Month JSW Steel Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for JSW Steel is Rs 1,412: forward EPS of Rs 137.38 at a PE of 10.28. That is 21.1% above Rs 1,166.20. It would also push the stock above its 52-week high of Rs 1,351.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_JSW_Steel_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the JSW Steel Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>EPS Growth<\/th>\n<th>PE 8.22<\/th>\n<th>PE 10.28<\/th>\n<th>PE 11.82<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 114.48)<\/td>\n<td>Rs 941<\/td>\n<td>Rs 1,177<\/td>\n<td>Rs 1,353<\/td>\n<\/tr>\n<tr>\n<td>20.0% (EPS Rs 137.38)<\/td>\n<td>Rs 1,129<\/td>\n<td>Rs 1,412<\/td>\n<td>Rs 1,624<\/td>\n<\/tr>\n<tr>\n<td>25.0% (EPS Rs 143.10)<\/td>\n<td>Rs 1,176<\/td>\n<td>Rs 1,471<\/td>\n<td>Rs 1,691<\/td>\n<\/tr>\n<\/table>\n<p>Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the JSW Steel price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_and_Downside_Risk_for_JSW_Steel_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for JSW Steel Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_1691\"><\/span><strong>Bull Case Rs 1,691<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case JSW Steel price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 143.10, and a PE multiple that rises 15% to 11.82. That gives Rs 1,691, 45.0% above the current price and above the 52-week high of Rs 1,351.00, so the stock would have to set a fresh 52-week high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_941\"><\/span><strong>Downside Risk Level Rs 941<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The downside risk level is not a target. It assumes EPS stays flat at Rs 114.48 and the PE falls 20% to 8.22. That gives Rs 941, 19.3% below the current price and below the 52-week low of Rs 1,073.20.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Scenario<\/th>\n<th>EPS Growth<\/th>\n<th>PE Multiple<\/th>\n<th>Price (Rs)<\/th>\n<th>Change vs CMP<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>25.0%<\/td>\n<td>11.82<\/td>\n<td>Rs 1,691<\/td>\n<td>+45.0%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>20.0%<\/td>\n<td>10.28<\/td>\n<td>Rs 1,412<\/td>\n<td>+21.1%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>8.22<\/td>\n<td>Rs 941<\/td>\n<td>-19.3%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_JSW_Steel_Target_Price_for_2027\"><\/span><strong>Key Risks to the JSW Steel Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Growth_Slowdown_Risk_for_the_JSW_Steel_Price_Target\"><\/span><strong>Growth Slowdown Risk for the JSW Steel Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 10.6% year on year, and FY26 revenue growth was 10.1%. If growth slows from here, the EPS estimate behind the JSW Steel stock target will need revising.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_and_Size_Risk\"><\/span><strong>Liquidity and Size Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>JSW Steel has a market capitalisation of Rs 2,87,695 crore. Institutional holding is 37.41%, and promoters hold 44.29%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_and_Margin_Risk\"><\/span><strong>Valuation and Margin Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net margin was 13.7% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 10.28 versus an industry PE of 22.91, a de-rating toward the downside-risk PE of 8.22 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_and_Technical_Risk\"><\/span><strong>Market and Technical Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The stock trades 13.7% below its 52-week high, with an RSI of 28.2 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_JSW_Steel\"><\/span><strong>How to Invest in JSW Steel<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any JSW Steel share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 1,166.20 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check JSW Steel&#8217;s PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check JSW Steel fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three JSW Steel target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.<\/p>\n<p>Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.<\/p>\n<p>Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track JSW Steel live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The JSW Steel share price target for 2027 is Rs 1,412 in the base case, with Rs 1,691 as the bull case. The support for that view is arithmetic you can check: EPS grew 58.8% a year over FY24 to FY26, and the stock trades at a PE of 10.28. The risks are equally concrete, including a stock that sits 13.7% below its 52-week high and a downside scenario that cuts the price 19% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_JSW_Steel_Share_Price_Target_2027\"><\/span><strong>FAQs on JSW Steel Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_JSW_Steel_share_price_target_for_2027\"><\/span><strong>What is the JSW Steel share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case JSW Steel share price target for 2027 is Rs 1,412, with Rs 1,691 as the bull case. The downside risk level, which is not a target, is Rs 941. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_JSW_Steel_share_price_today\"><\/span><strong>What is the JSW Steel share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 9 October 2026, 3:29 PM IST, JSW Steel trades at Rs 1,166.20, down 0.77% on the day. The 52-week range is Rs 1,073.20 to Rs 1,351.00.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_JSW_Steel_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is JSW Steel a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data is mixed rather than one-sided: EPS has grown 58.8% a year over FY24 to FY26, but the stock is 13.7% below its 52-week high. Whether JSW Steel fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_bull_case_target_and_downside_risk_level_for_JSW_Steel_shares\"><\/span><strong>What are the bull case target and downside risk level for JSW Steel shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 1,691, which assumes 25.0% EPS growth and a PE of 11.82. The downside risk level is Rs 941, which assumes flat EPS and a PE of 8.22. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_JSW_Steel_price_target\"><\/span><strong>What are the main risks to the JSW Steel price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are slower revenue growth, a small market capitalisation of Rs 2,87,695 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_JSW_Steel_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of JSW Steel and how does it compare with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE ratio of JSW Steel is 10.28 against an industry PE of 22.91. Price to book is 2.88 and return on equity is 7.21%. The base case in the JSW Steel price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_JSW_Steel_and_what_is_the_promoter_holding\"><\/span><strong>Who owns JSW Steel, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 44.29% of JSW Steel in June 2026. FII held 25.92%, DII held 11.49% and the public held 18.30%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_JSW_Steels_latest_quarterly_results\"><\/span><strong>What were JSW Steel&#8217;s latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, JSW Steel reported revenue of Rs 48,088 crore (up 10.6% year on year) and net profit of Rs 4,696 crore (up 112.6%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the JSW Steel share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case JSW Steel share price target for 2027 is Rs 1,412, with Rs 1,691 as the bull case. The downside risk level, which is not a target, is Rs 941. 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FII held 25.92%, DII held 11.49% and the public held 18.30%.\"}},{\"@type\":\"Question\",\"name\":\"What were JSW Steel's latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the June 2026 quarter, JSW Steel reported revenue of Rs 48,088 crore (up 10.6% year on year) and net profit of Rs 4,696 crore (up 112.6%).\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JSW Steel share price target 2027: base Rs 1,412, bull Rs 1,691, downside risk level Rs 941, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":38,"featured_media":299887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-299888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["299887"],"rank_math_title":["JSW Steel Share Price Target 2027: Base and Bull Case"],"rank_math_description":["The JSW Steel share price target for 2027 is Rs 1,412 versus Rs 1,166.20 today. Bull case, downside risk, earnings trend and risks explained. October 2026."],"rank_math_focus_keyword":["JSW Steel share price target | Density Target: 1.2 to 1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/jsw-steel-share-price-target-2027-base-and-bull-targets-built-on-fy26-earnings.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=299888"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299888\/revisions"}],"predecessor-version":[{"id":299889,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299888\/revisions\/299889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/299887"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=299888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=299888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=299888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}