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JSW 5

The document discusses the company's healthy balance sheet and financial ratios despite large investments. It also discusses their prudent capital allocation strategy and record performance in the last fiscal year.

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SanJana Nahata
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20 views

JSW 5

The document discusses the company's healthy balance sheet and financial ratios despite large investments. It also discusses their prudent capital allocation strategy and record performance in the last fiscal year.

Uploaded by

SanJana Nahata
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Balance Sheet We continue to maintain a healthy balance sheet despite charting out large

investments to expand our capacity. On the back of healthy profitability in FY 2021-22, both our
Net Debt to Equity and Net Debt to EBITDA ratios have improved and are comfortably placed at
0.83x and 1.45x, respectively. With new capacities coming on stream driving volume growth, we
are well placed to maintain our Net Debt to EBITDA ratio well below 3.75x. We are consistently
reducing our cost of capital with access to diverse pools of liquidity and strong relationships with
institutions across the world. We successfully raised the global steel industry’s first USD
sustainabilitylinked bond worth $500m in September 2021. Our credit ratings from both
domestic and international agencies remain strong.

Prudent Capital Allocation Our capital allocation strategy is built to capture value-accretive
opportunities, while maintaining our leverage well under stated levels. Through our efforts, we
have been able to deliver superior returns for shareholders through dividends and share price
appreciation.

We had our best ever year with record performance during FY 2021-22, across financial,
operational and strategic parameters. Even in a volatile macro environment, we have continued
to grow and deliver value to our stakeholders.

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