Motilal Oswal Securities holds a bullish stance on JSW Steel, expecting favorable macro factors to support margin recovery and sustained long-term growth. The company’s significant investments of Rs 60,000 crore over the next three years aim to boost operational efficiency and expand capacities for projected double-digit revenue growth from FY26 to FY27. Analysts anticipate EBITDA margins rebounding to 18-19% in the coming years, driven by recovering domestic steel prices. Moreover, the firm is on track to reduce its net debt-to-EBITDA ratio considerably by FY27.