Tag Metal Sector

JSW Steel Ltd
JSW Steel’s Strong Volume Data Reflects Positive Demand and Future Potential

Business and Industry Overview: 

JSW Steel Ltd is a very big steel company in India. It makes steel for many uses. It is part of the JSW Group. The JSW Group is a big business group in India. It is worth 24 billion US dollars. The group works in many areas. These include steel, energy, cement, paints, B2B e-commerce, defence, green transport, venture capital, and sports. JSW Steel makes many types of steel. These include hot-rolled coils, cold-rolled coils, TMT bars, wire rods, and color-coated steel. These steel products are used in many things. They are used to build houses, roads, bridges, factories, and cars. They are also used in machines and home appliances. The company has big factories in many places in India. These are in Karnataka (Vijayanagar), Tamil Nadu (Salem), and Maharashtra (Dolvi, Tarapur, Vasind, Kalmeshwar). The company has grown bigger by buying other steel companies. It bought Ispat Steel and Bhushan Power & Steel. It also merged with Jindal Vijayanagar Steel Ltd. These steps helped the company become very strong in India. In March 2025, JSW Steel became the most valuable steel company in the world. It had a market value of 30.3 billion US dollars. Its share price also went up in 2025. It gave good returns to its investors. It is one of the best-performing companies on the Nifty 50 index. The JSW Group has around 40,000 workers. These workers are in India, the USA, Europe, and Africa. The group is very proud of its workers. They come from different cultures and places. The group believes its people are its strength.  

Latest Stock News: 

As of April 8, 2025, JSW Steel’s stock is trading at ₹954.75 with a market value of ₹2.34 lakh crore. The stock recently saw ups and downs, but it rose again after news from China about possible economic support, which helped boost metal stocks. JSW Steel also showed strong performance in February 2025, with a 12% rise in total crude steel production compared to last year, and a 13% rise in domestic output. This growth is due to its focus on expanding its capacity. Investors are now waiting for the company’s Q4 results for FY2025, which will show how well the company is doing in terms of profit and business growth. JSW Steel is a big company in the steel industry. It makes products like steel, sponge iron, and pig iron. Recently, experts changed their view about the stock. Before, it was seen as very strong (bullish). Now, it is seen as only a little strong (mildly bullish). This means the stock may still go up, but not very fast. The company is facing some money problems. Its profit before tax and profit after tax have gone down. This means the company is earning less than before. Also, it has a high Debt to EBITDA ratio. This shows the company has taken a lot of loans and may find it hard to repay them. Even with these problems, the company is still not too expensive to buy. It has a return on capital employed (ROCE) of 9.4%, which shows how much profit it makes from the money it uses. The stock is also cheaper than other similar companies in past years. JSW Steel is still a very strong company in the market. Its market value is ₹2,48,091 crore. It is a big part of the steel sector. The stock is also doing better than many other companies in the BSE 500 index. In the last year, the stock gave a return of 17.62%, which is a good sign. 

Potentials: 

JSW Steel wants to grow a lot in the next few years. Right now, it makes 27 million tonnes of steel every year in India. The company wants to increase this. By 2027, it plans to make 37 million tonnes every year. By 2031, it wants to reach 50 million tonnes per year. This means the company will almost double its steel production. To grow, JSW Steel will build new steel plants. It will also work with other companies. The company wants to grow in India and in other countries too. 

One big project is in Maharashtra. JSW Steel will build a steel plant in Gadchiroli. This new plant will be very large. It will make 25 million tonnes of steel every year. The company will spend ₹1 lakh crore on this project. It will take 7 to 8 years to finish. The plant will be clean and use modern technology. It will be one of the biggest and most eco-friendly steel plants in the world. JSW Steel is also working with a South Korean company called POSCO. Both companies will build a steel plant in Odisha. The plant will make 5 million tonnes of steel every year. This project will also help with new ideas like electric car batteries and clean energy. 

Outside India, JSW Steel is also growing. It will spend $110 million in Texas, USA. It will improve its factory there. This will help make better steel. It will also increase work speed and save money. To do all this, the company will spend ₹20,000 crore in the year 2025. JSW Steel believes India’s economy is growing fast. It also believes that steel demand will stay high. That’s why it is investing a lot.  

Analyst Insights: 

  • Market capitalisation: ₹ 2,33,834 Cr. 
  • Current Price: ₹ 956 
  • 52-Week High/Low: ₹ 1,075 / 824 
  • Dividend Yield: 0.76% 
  • Return on Capital Employed (ROCE): 13.3% 
  • Return on Equity (ROE): 11.8% 

JSW Steel is one of the biggest steel companies in India. It has a strong name and large market share. The company sells many steel products. It supplies to many industries like auto, construction, and infrastructure. 

In the last three years, its sales increased by 30% every year. This is a good sign. It shows people want more steel, and the company is growing. But profit only grew by 2% every year. This is very low. It means the company is earning less money even after high sales. 

In Q3 FY24, the net profit fell by 70.6%. It was ₹1,313 crore this quarter, while it was ₹4,357 crore last year. The reason is high raw material costs and low steel prices. These two things hurt the profit. Also, the EBITDA margin dropped to 13% from 17%. This means the company is making less money from each rupee of sales. 

The stock price is also very high. The P/E ratio is 66.8. This is much higher than Jindal Steel’s P/E of 19.9. High P/E means the stock is expensive. It may not be a good time to buy at this high price. 

JSW Steel also has high debt. Total debt is ₹95,258 crore. This is a big amount. The interest coverage ratio is low. This means it may have trouble paying interest if profits fall again. 

But there are some good points. The company is large and strong. It has a good return on equity (17%). It also uses capital well (ROCE is 13%). These numbers show that the business is still healthy. 

So, the company has both good and bad sides. Because of high stock price, low profit growth, and high debt, the stock is not cheap now. It is better to hold the stock. People who already own the stock can keep it. Long-term outlook is still positive. But it is not the best time to buy more right now. 

Tata Steel Ltd
Tata Steel’s ₹25,185 Cr Tax Dispute Explained: Impact on Stock, Business & Future Growth

Business and Industry Overview:  

Tata Steel is one of the biggest and oldest steel companies in India. It started in 1907 and is part of the Tata Group. Its head office is in Mumbai. The first steel plant was set up in Jamshedpur. Tata Steel can make 34 million tonnes of steel every year. It works in many countries and sells steel all over the world. In 2020, it earned 19.7 billion US dollars, not counting Southeast Asia. It has more than 65,000 workers. It is known as a good place to work. The company makes many steel products like pipes, sheets, rods, and coils. These are used in buildings, cars, machines, and packaging. Tata Steel cares about nature and fair work. It is part of global groups that support clean and responsible steel-making. It has won many awards for good work, ethics, safety, and care for the environment. Its Kalinganagar plant got world recognition. Tata Steel also grew by buying companies like Corus in the UK. Its shares are listed on the stock market. The company is trusted in India and abroad. It is known for strong steel, honest work, and long-term growth. 

Latest Stock News: 

Tata Steel got a notice from the Income Tax Department. This is about a debt waiver related to the company Bhushan Steel, which Tata Steel bought in 2018. In May 2018, Tata Steel (through its company Bamnipal Steel) took over Bhushan Steel. This happened under the Insolvency and Bankruptcy Code (IBC), which is a law used to help companies in heavy debt. After the takeover, ₹25,185.51 crore of Bhushan Steel’s debt was waived off (cancelled). Later, Bhushan Steel was renamed Tata Steel BSL, and both it and Bamnipal Steel were merged into Tata Steel in November 2021. Now, the tax department wants to look again at this debt waiver. They want to check if this amount should be counted as taxable income for the financial year 2018–19 (Assessment Year 2019–20). On March 13, 2025, Tata Steel received a show cause notice. The tax office asked for more documents to reassess the case. But Tata Steel said that the income tax return of Bhushan Steel was already accepted in June 2020, and no tax was asked at that time for the debt waiver. To fight this, Tata Steel filed a case (called a writ petition) in the Bombay High Court on March 24, 2025. They are challenging the tax officer’s authority to reopen this old case. Later, on March 31, 2025, the company received a new assessment order from the tax office. This order increased the taxable income by including the waived debt. But the order also said Tata Steel can still submit documents to finalize how much tax is to be paid. Tata Steel says this reassessment is not correct, both legally and technically. The company believes that a debt waiver during an IBC acquisition should not be taxed. They are now preparing to fight this order in court and believe they have a strong case. 

Potentials: 

Tata Steel has many plans. It wants to become better, cleaner, and smarter. One big goal is to use more digital tools. This means using computers, machines, and data to make steel faster and smarter. Tata Steel wants to be a leader in digital steelmaking by 2025. The company also cares about the environment. It wants to stop polluting the air. Tata Steel plans to become “Net Zero” by the year 2045. Net Zero means it will not add extra carbon to the air. To do this, it will use new machines and better technology. In the UK, Tata Steel wants to change its factory. It wants to make steel more cleanly. This change will help reduce 90% of the pollution. In the Netherlands, the company is also working on green steel. It has a plan for the next 10 to 15 years to make its steel process more eco-friendly. In India, Tata Steel is growing. It is making its Kalinganagar plant bigger. This will help the company make more steel at a lower cost. In the UK, it is also trying to cut costs. It is removing extra fixed costs to save money. Tata Steel is also testing new ways of making steel. One method is called the HIsarna process. This process produces less carbon and does not need special filters. The company is also thinking of using nuclear energy. It may build small nuclear plants. These will give clean power. The power will be used to make green steel. Tata Steel plans to install 200 small nuclear reactors. Tata Steel’s future is about smart work, clean energy, and growth. It wants to make strong steel without harming the earth. It wants to lead the steel industry in a better way. 

Analyst Insights: 

  • Market capitalisation: ₹ 1,75,256 Cr. 
  • Current Price: ₹ 140 
  • 52-Week High/Low: ₹ 185 / 123 
  • P/E Ratio: 61.9 
  • Dividend Yield: 2.56% 
  • Return on Capital Employed (ROCE): 7.02% 
  • Return on Equity (ROE): 6.55% 

Tata Steel is not doing well in recent times. Its total income has gone down. In December 2021, it was ₹60,783 crore. But in December 2024, it came down to ₹53,648 crore. Its profit is also not stable. Sometimes, the company is making a loss. The profit margin is falling. It was 26% in December 2021. Now it is just 11%. This means the company is earning less money after expenses. 

Its returns are also low. ROCE is 7.02% and ROE is 6.55%. These numbers show that the company is not using its money well. Tata Steel has a high debt. It has borrowed ₹99,392 crore. That is a lot of money to repay. Also, the stock is expensive. Its P/E ratio is 61.9. This is much higher than other steel companies like Jindal Steel (P/E 11.9) and SAIL (P/E 19.8). 

The company gives good dividends. It also has plans to grow in the future. But right now, the business is weak. So, it is better to hold the stock. Do not buy more. Also, do not sell in a hurry. Wait and watch how the company performs in the future.

Hindustan Copper Ltd
Hindustan Copper Eyes Long-Term Growth with ₹2,400 Cr Jharkhand Mining Target; Stock Up 2%

Business and Industry Overview:  

Hindustan Copper Ltd. is a central public sector undertaking under the ownership of the Ministry of Mines, Government of India. It was incorporated on 9th November 1967 under the Companies Act, 1956. It was established as a Govt of India Enterprise to take over all plants, projects, schemes, and studies about the exploration and exploitation of copper deposits from National Mineral Development Corporation Ltd. It is the only company in India engaged in the mining of copper ore and owns all the operating mining leases of Copper ore. It is also the only integrated producer of refined copper (vertically integrated company). 

The Company has the facilities for the production & marketing of copper concentrate, copper cathodes, continuous cast copper rods, and by-products, such as anode slime (containing gold, silver, etc.), copper sulfate, and sulphuric acid. Presently, the company is focusing on mining & beneficiation operations and is primarily selling copper concentrate as the main product. HCL’s mines and plants are spread across five operating Units, one each in the States of Rajasthan, Madhya Pradesh, Jharkhand, Maharashtra, and Gujarat, as named below: 

Malanjkhand Copper Project (MCP) at Malanjkhand, Madhya Pradesh, Khetri Copper Complex (KCC) at Khetrinagar, Rajasthan, Indian Copper Complex (ICC) at Ghatsila, Jharkhand, Taloja Copper Project (TCP) at Taloja, Maharashtra & Gujarat Copper Project (GCP) at Jhagadia, Gujarat.  

Hindustan Copper Limited (HCL) was the sole producer of refined copper till 1995, and the focus was on vertical integration so that the entire quantity of ore produced in its mines was converted into copper cathode and ultimately, wire rod. After the economy’s liberalization, the industry’s copper segment has transformed significantly. Currently, three major players dominate the Indian copper industry. Hindustan Copper Limited (HCL) in the Public Sector, M/s Hindalco Industries Ltd, and M/s Vedanta in the private sector have a current total installed refined copper capacity in the country of 10.28 lakh tonnes. HCLownss all the operating mining leases in the country, mine expansion is underway, and significant mining capacity expansion is to be achieved from 4.0 Mtpa to 12.2 Mtpa in Phase I by FY 2028-29 and thereafter from 12.2 

Latest Stock News: 

On April 4, 2025, Hindustan Copper’s share price went down by 7.3%. This is a big fall. It happened because of problems in global trade. The metal sector in India is also weak right now. The US added a 25% tax on steel and aluminium. So, countries like Japan, Vietnam, and South Korea are sending more metal to India. This has increased the supply of metal in India. But demand has not increased. When supply is more and demand is less, prices go down. 

When prices go down, companies make less profit. Hindustan Copper does not make steel or aluminium. It makes copper. But still, investors are scared of the full metal sector. So, they are selling shares of copper companies too. That is why Hindustan Copper’s share price went down. The share is now trading below its average level. This shows weakness. The share also did worse than other metal companies. In 2025, it went down by 15.7%. In the last year, it went down by 34.9%. 

But the company has good plans. It wants to start old mines again. It also wants to open new mines. It will use better technology to save costs. The company wants to raise money by selling bonds. It is also trying to get new land for mining. These plans will help the company produce more copper and earn better profits in the future. Copper demand may grow because of electric vehicles, solar power, and new buildings. If that happens, the company can grow again. 

On the same day, April 4, 2025, Hindustan Copper signed an agreement with CODELCO. CODELCO is a big copper company from Chile. Both companies want to work together. They will share ideas and help each other. They will try to do better in mining and in making copper. The agreement is not a legal contract. It only shows that both companies want to work together. The company gave this news to the stock exchange under SEBI rules. 

Potentials: 

Hindustan Copper Limited (HCL) has made a big plan. The company wants to grow in the next 6 to 7 years. It wants to produce more copper. Right now, it makes less. But it wants to make 12.2 million tonnes of copper ore every year. To do this, it is making its old mines bigger. In Malanjkhand, Madhya Pradesh, the mine will be expanded. This mine is one of the biggest. In Khetri and Kolihan, Rajasthan, two more mines will grow. These two mines now make 1.0 million tonnes per year. HCL wants to increase it to 3.0 million tonnes per year. In Surda, Jharkhand, another mine will also grow. Its work will go from 0.4 million tonnes to 0.9 million tonnes per year. HCL is also finding more copper underground. This is called exploration. In the last two years, it found 122.88 million tonnes of new copper ore. This will help the company in the future. The company is also using new machines. It is trying new methods to work better. It wants to get more copper using less money. It is upgrading how it cleans the ore. It is also working on using less energy. To do all this work, the company needs money. So, it will raise money by selling bonds. This money will help pay for new and ongoing projects. HCL also signed a deal with CODELCO, a copper company from Chile. They will work together. They will share mining ideas. They will also help each other to learn and improve. This deal is not a legal contract. It only shows what both companies want to do together. All these steps show that HCL is ready for the future. In the coming years, copper will be used more. It will be needed for electric vehicles, solar power, and new buildings. HCL wants to grow so it can meet this new copper demand. 

Analyst Insights: 

  • Market capitalisation: ₹ 19,751 Cr. 
  • Current Price: ₹ 204 
  • 52-Week High/Low: ₹ 416 / 195 
  • P/E Ratio: 49.1 
  • Dividend Yield: 0.45% 
  • Return on Capital Employed (ROCE): 18.0%
  • Return on Equity (ROE): 13.5% 

Hindustan Copper Ltd is facing many problems right now. Its total income dropped from ₹2,214 crore in FY22 to ₹1,808 crore in FY23. Profit also went down by 35%, from ₹373 crore to ₹241 crore. This means the company is earning less money than before. Its profit margins also fell. This shows that the company’s costs are going up and it is not managing well. 

The company produced more copper from its mines. But it sold less copper in total. Because of this, its earnings dropped. The company’s P/E ratio is very high at 99.51. This means the stock is expensive. Other similar companies like Vedanta and NALCO have much lower P/E ratios. This shows that Hindustan Copper may not be worth the high price. 

The company plans to spend ₹5,500 crore to grow its business. This is a big amount. It can put pressure on the company’s profits in the short term. Its return on equity and capital is also average. 

Copper demand may grow in the future because of green energy and electric vehicles. But right now, the company is not doing well. So, it is better to hold the stock. Do not buy more at the current price. Wait until the company improves.