JSW Steel Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

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.

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.

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JSW Steel Stock Analysis: Company Overview and Key Stats

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.

Metric	Value
Company	JSW Steel
NSE Ticker	JSWSTEEL
CMP (9 October 2026)	Rs 1,166.20
52-Week High	Rs 1,351.00
52-Week Low	Rs 1,073.20
Market Cap	Rs 2,87,695 crore
PE Ratio (TTM)	10.28
Industry PE	22.91
Price to Book	2.88
Return on Equity	7.21%
Debt to Equity	0.99
EPS (TTM)	Rs 114.48
Dividend Yield	0.75%
12-Month Base Target	Rs 1,412
Bull Case	Rs 1,691
Downside Risk Level (not a target)	Rs 941

Why Is JSW Steel Share Price Target Set at Rs 1,412 for 2027?

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.

Earnings Growth Behind the JSW Steel Target Price: Five Years of Results

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.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	1,47,902.00	20,938.00	85.49	17.35
FY23	1,66,990.00	4,139.00	17.14	3.40
FY24	1,76,010.00	8,973.00	36.17	7.30
FY25	1,69,518.00	3,491.00	14.32	2.80
FY26	1,86,718.00	25,508.00	91.25	7.10

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.

Margins and the Latest Quarter

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.

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.

Balance Sheet and Cash Flow

Debt to equity stands at 0.99, and shareholders' 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.

Valuation Check for the JSW Steel Stock Target: PE, Price to Book and ROE

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%.

Shareholding Pattern and Institutional Holding

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.

JSW Steel Share Price Targets for the Short Term and 12 Months

Short Term JSW Steel Stock Target Levels: Technical Setup

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.

12 Month JSW Steel Target Price for 2027

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.

How EPS Growth and PE Multiple Change the JSW Steel Target Price

EPS Growth	PE 8.22	PE 10.28	PE 11.82
0.0% (EPS Rs 114.48)	Rs 941	Rs 1,177	Rs 1,353
20.0% (EPS Rs 137.38)	Rs 1,129	Rs 1,412	Rs 1,624
25.0% (EPS Rs 143.10)	Rs 1,176	Rs 1,471	Rs 1,691

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.

Bull Case and Downside Risk for JSW Steel Stock Target in 2027

Bull Case Rs 1,691

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.

Downside Risk Level Rs 941

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.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	25.0%	11.82	Rs 1,691	+45.0%
Base Case	20.0%	10.28	Rs 1,412	+21.1%
Downside Risk	0.0%	8.22	Rs 941	-19.3%

Key Risks to the JSW Steel Target Price for 2027

Growth Slowdown Risk for the JSW Steel Price Target

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.

Liquidity and Size Risk

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.

Valuation and Margin Risk

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.

Market and Technical Risk

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.

How to Invest in JSW Steel

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.

Next, review the fundamentals yourself. The Univest Screener lets you check JSW Steel's PE, ROE, debt and shareholding in one place.

Check JSW Steel fundamentals on the Univest Screener

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.

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.

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.

Download the Univest iOS App or Univest Android App to track JSW Steel live price and get daily stock recommendations.

Conclusion

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.

FAQs on JSW Steel Share Price Target 2027

What is the JSW Steel share price target for 2027?

Ans. 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.

What is the JSW Steel share price today?

Ans. 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.

Is JSW Steel a buy or sell at the current price?

Ans. 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.

What are the bull case target and downside risk level for JSW Steel shares?

Ans. 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.

What are the main risks to the JSW Steel price target?

Ans. 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.

What is the PE ratio of JSW Steel and how does it compare with the industry?

Ans. 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.

Who owns JSW Steel, and what is the promoter holding?

Ans. Promoters held 44.29% of JSW Steel in June 2026. FII held 25.92%, DII held 11.49% and the public held 18.30%.

What were JSW Steel's latest quarterly results?

Ans. 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%).