---
title: "JSW ISPAT Steel Ltd(Merged) (JSWISPAT) — Share Price, Financials & Analysis"
symbol: "JSWISPAT"
company: "JSW ISPAT Steel Ltd(Merged)"
canonical: "https://tapetide.com/stocks/JSWISPAT"
nse_symbol: "JSWISPAT"
generated_at: "2026-10-13T10:58:18.689Z"
---

# JSW ISPAT Steel Ltd(Merged) (JSWISPAT)

Canonical page: https://tapetide.com/stocks/JSWISPAT

## Company

- **NSE Symbol:** JSWISPAT
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** jswispat.in

## Latest Price

## Key Insights

### Strengths

- Company has delivered good profit growth of 117% CAGR over last 5 years

### Weaknesses

- Stock is trading at 3.60 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 8.36% over past five years.
- Company has a low return on equity of -28.6% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 243% | 145% | 117% |
| revenue growth | 5% | 11% | 8% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2010 | Sep 2010 | Dec 2010 | Mar 2011 | Jun 2011 | Sep 2011 | Dec 2011 | Mar 2012 | Jun 2012 | Sep 2012 | Dec 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2428 | 2185 | 978 | 2648 | 2465 | 2636 | 2668 | 2828 | 2973 | 2640 | 2771 | 2702 |
| Expenses | 2071 | 2242 | 1134 | 2319 | 2213 | 2552 | 2520 | 2632 | 2631 | 2535 | 2642 | 2512 |
| Operating Profit | 357 | -58 | -156 | 329 | 252 | 84 | 148 | 195 | 342 | 106 | 129 | 190 |
| OPM % | 15 | -2.6 | -16 | 12 | 10 | 3.2 | 6 | 7 | 11 | 4 | 4.7 | 7 |
| Other Income | 0 | 0 | 0 | 116 | -1016 | -15 | -11 | 89 | -225 | 336 | 35 | 128 |
| Interest | 274 | 284 | 288 | 227 | 224 | 266 | 286 | 268 | 256 | 180 | 248 | 232 |
| Depreciation | 149 | 154 | 146 | 148 | 147 | 149 | 159 | 157 | 162 | 162 | 158 | 152 |
| Profit before tax | -66 | -496 | -590 | 70 | -1135 | -345 | -309 | -141 | -301 | 99 | -242 | -65 |
| Tax % | 4 | -33 | -31 | 0 | 0 | 0 | 0 | 0 | -259 | -23 | -46 | -244 |
| Net Profit | -69 | -332 | -409 | 70 | -1135 | -345 | -309 | -141 | 478 | 122 | -131 | 94 |
| EPS in Rs | — | — | -3.15 | 0.29 | -4.76 | -1.45 | -1.29 | -0.59 | 1.9 | 0.49 | -0.52 | 0.37 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Jun 2010 15m | Jun 2011 | Jun 2012 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 4915 | 7434 | 8246 | 8146 | 10090 | 8231 | 11104 | 11086 |
| Expenses | 4614 | 5898 | 7028 | 7040 | 8738 | 7899 | 10694 | 10320 |
| Operating Profit | 301 | 1535 | 1218 | 1106 | 1352 | 332 | 410 | 767 |
| OPM % | 6 | 21 | 15 | 14 | 13 | 4 | 3.7 | 7 |
| Other Income | 79 | 192 | 644 | -256 | 456 | -863 | 197 | 273 |
| Interest | 1005 | 1100 | 1108 | 1227 | 1370 | 1023 | 1076 | 915 |
| Depreciation | 571 | 624 | 638 | 647 | 774 | 596 | 627 | 634 |
| Profit before tax | -1197 | 3 | 116 | -1024 | -336 | -2150 | -1096 | -508 |
| Tax % | -32 | 385 | 70 | -33 | -4 | -16 | -71 | — |
| Net Profit | -813 | -10 | 35 | -688 | -322 | -1806 | -317 | 564 |
| EPS in Rs | — | — | — | — | — | -7.57 | -1.26 | 2.24 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Jun 2010 | Jun 2011 | Jun 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1218 | 1218 | 1222 | 1222 | 1222 | 2386 | 2516 |
| Reserves | -239 | 653 | 608 | -236 | -644 | -1479 | -1820 |
| Borrowings | 9331 | 9386 | 8297 | 8402 | 8185 | 7912 | 7273 |
| Other Liabilities | 2244 | 2166 | 2727 | 3744 | 4116 | 3643 | 4327 |
| Total Liabilities | 12555 | 13423 | 12854 | 13132 | 12878 | 12462 | 12296 |
| Fixed Assets | 8901 | 9823 | 9206 | 8888 | 7927 | 7245 | 6822 |
| CWIP | 616 | 55 | 108 | 103 | 64 | 53 | 188 |
| Investments | 113 | 114 | 118 | 233 | 229 | 163 | 161 |
| Other Assets | 2925 | 3431 | 3421 | 3909 | 4658 | 5000 | 5125 |
| Total Assets | 12555 | 13423 | 12854 | 13132 | 12878 | 12462 | 12296 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Jun 2010 | Jun 2011 | Jun 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 827 | 1458 | 1550 | 1433 | 1246 | -812 | 1167 |
| Cash from Investing Activity | -214 | -320 | -218 | -183 | -256 | -219 | -32 |
| Cash from Financing Activity | -623 | -957 | -1581 | -1250 | -970 | 1400 | -1520 |
| Net Cash Flow | -10 | 181 | -249 | 0 | 20 | 368 | -385 |
| Free Cash Flow | 626 | 1150 | 1377 | 1329 | 1104 | -873 | 963 |
| CFO/OP | 277 | 95 | 127 | 130 | 92 | -236 | 285 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Jun 2010 | Jun 2011 | Jun 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 44 | 32 | 26 | 25 | 27 | 18 | 19 |
| Inventory Days | 127 | 103 | 106 | 106 | 125 | 142 | 89 |
| Days Payable | 241 | 168 | 189 | 248 | 235 | 205 | 187 |
| Cash Conversion Cycle | -69 | -34 | -57 | -117 | -82 | -45 | -79 |
| Working Capital Days | -6 | 15 | 2 | -39 | -23 | -23 | -50 |
| ROCE % | — | 10 | 11 | 9 | 11 | 1 | 7 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 31.56 | Sell |
| EMA (10) | 31.44 | Sell |
| SMA (20) | 34.02 | Sell |
| EMA (20) | 32.68 | Sell |
| SMA (50) | 34.88 | Sell |
| EMA (50) | 35.89 | Sell |
| SMA (100) | 43.15 | Sell |
| EMA (100) | 38.34 | Sell |
| SMA (200) | 39.02 | Sell |
| EMA (200) | 35.55 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.1 | Neutral |
| MACD (12,26,9) | -1.54 | Sell |
| Stochastic (14,3,3) | 6.47 | Buy |
| ADX (14) | 22.87 | Neutral |
| Williams %R (14) | -83.74 | Buy |
| ATR (14) | 2.25 | High Volatility |
| ROC (12) | -19.08 | Sell |
| Stoch RSI (14) | 25.82 | Neutral |
| UO (7,14,28) | 34.06 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| Jun 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/500305/5003050612.pdf) |
| 2011 | [Annual Report 2011](https://archives.nseindia.com/annual_reports/AR_JSWISPAT_2010_2011_25062012123632.zip) |
| Jun 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/500305/5003050610.pdf) |
| 2009 | [Annual Report 2009](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2009/JSW_ISPAT_STEEL_LTD-500305-JUNE-2009.PDF) |
| 2008 | [Annual Report 2008](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2008/JSW_ISPAT_STEEL_LTD-500305-JUNE-2008.PDF) |
| 2007 | [Annual Report 2007](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2007/JSW_ISPAT_STEEL_LTD-500305-JUNE-2007.PDF) |
| 2006 | [Annual Report 2006](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2006/JSW_ISPAT_STEEL_LTD-500305-JUNE-2006.PDF) |
| 2005 | [Annual Report 2005](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2005/JSW_ISPAT_STEEL_LTD-500305-JUNE-2005.PDF) |
| 2004 | [Annual Report 2004](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2004/JSW_ISPAT_STEEL_LTD-500305-JUNE-2004.PDF) |
| 2003 | [Annual Report 2003](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2003/JSW_ISPAT_STEEL_LTD-500305-JUNE-2003.PDF) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:58:18.689Z.