JSW SteelNSE:JSWSTEEL -0.02%87 ROE % is 65.45% as of Mar. 2026, which is 262% above its 10-year median of 18.09. GuruFocus rates NSE:JSWSTEEL with a GF Score™ of 87/100 and a GF Value™ of ₹1,037.67 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 620 Steel companies, JSW Steel ranks better than 94.68% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. JSW Steel's annualized net income for the quarter that ended in Mar. 2026 was ₹654,800 Mil. JSW Steel's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹1,000,530 Mil. Therefore, JSW Steel's annualized ROE % for the quarter that ended in Mar. 2026 was 65.45%.
The historical rank and industry rank for JSW Steel's ROE % or its related term are showing as below:
NSE:JSWSTEEL'
s ROE % Range Over the Past 10 Years
Min: 4.46 Med: 18.09 Max: 36.61
Current: 25.51
During the past 13 years, JSW Steel's highest ROE % was 36.61%. The lowest was 4.46%. And the median was 18.09%.
NSE:JSWSTEEL's ROE % is ranked better than 94.68% of 620
companies
in the Steel industry
Industry Median: 3.68
vs NSE:JSWSTEEL: 25.51
JSW Steel (NSE:JSWSTEEL) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
JSW Steel ROE % Related Terms
JSW Steel ROE % Historical Data
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The historical data trend for JSW Steel's ROE % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Steel subindustry, JSW Steel's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
JSW Steel ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, JSW Steel's ROE % distribution charts can be found below:
* The bar in red indicates where JSW Steel's ROE % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
JSW Steel (NSE:JSWSTEEL) has a ROE % of 65.45% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on JSW Steel and its competitors. This is 262% above median its historical median of 18.09. Over the past decade, JSW Steel's ROE % has ranged from 4.46 to 36.61. According to the industry distribution chart, JSW Steel ranks #33 out of 620 companies in the Steel industry, placing it in the top 5.3%.
Is JSW Steel's ROE % too high?
JSW Steel's current ROE % of 65.45% is 262% above median its 10-year median of 18.09. Over the past 10 years, this metric has ranged from a low of 4.46 to a high of 36.61. The Steel industry median ROE % is 3.68. JSW Steel's value of 65.45% is 1678.5% above this industry median. Based on the distribution chart, JSW Steel ranks #33 out of 620 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, JSW Steel has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JSW Steel's ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, JSW Steel ranks #33 out of 620 companies for ROE %. This places JSW Steel in the top 5% of its industry — outperforming the majority of peers. The industry median ROE % is 3.68. JSW Steel's value of 65.45% is 1678.5% above this benchmark. Historically, JSW Steel's own ROE % has ranged from 4.46 to 36.61 over the past decade. While the company's 10-year median is 18.09 vs. the industry median of 3.68, JSW Steel has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Steel company?
The median ROE % among Steel companies is 3.68, based on 620 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JSW Steel's current ROE % of 65.45% is 1678.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on JSW Steel and its competitors. For the Steel industry, the median ROE % is 3.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Steel's current ROE % is 65.45%, which is 262% above median its own 10-year median of 18.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Steel stock overvalued right now?
Based on GuruFocus' analysis, JSW Steel (NSE:JSWSTEEL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,037.67, compared to a current price of ₹1,231.00 — trading 18.6% above its estimated fair value. The current ROE % is 65.45%, which is 262% above median its 10-year median of 18.09 and 1678.5% above the Steel industry median of 3.68. JSW Steel's overall GF Score™ is 87/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For JSW Steel (NSE:JSWSTEEL), the current ROE % is 65.45% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is JSW Steel (NSE:JSWSTEEL) Overvalued in 2026?
Based on GuruFocus' analysis, JSW Steel stock appears to be overvalued.
The current stock price of ₹1,231.00 is trading 18.6% above its estimated GF Value™ of ₹1,037.67.
GuruFocus considers JSW Steel to be Modestly Overvalued.
Key valuation signals for NSE:JSWSTEEL:
ROE %: 65.45% (262% above median its 10-year median of 18.09)
GF Value™: ₹1,037.67 vs. price of ₹1,231.00 (18.6% above fair value)
Industry Position: 1678.5% above the Steel median (#33 of 620)
No single metric tells the full story. See the NSE:JSWSTEEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JSW Steel Ltd is an India-based company that is engaged in the business of manufacturing and selling steel products. Its steel products include semis, hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and long products. Its flat steel products (including hot-rolled, cold-rolled, and galvanized products), which account for the majority of the company's steel volume, are used in Indian automotive, construction, infrastructure, engineering, and consumer durable industries. Its long products are used in the Indian construction, infrastructure, and automotive industries. The company generates the majority of its revenue from the Indian domestic market.
87GF Score
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