 |
International Journal for Research Trends and Innovation
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.14 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
|
Issue: July 2026
Volume 11 | Issue 7
Review Result and Publication of Paper within : 2-3 days
Click Here For more DetailsFor Authors
Forms / Download
Published Issue Details
Editorial Board
Other IMP Links
Facts & Figure
Impact Factor : 8.14
Issue per Year : 12
Volume Published : 11
Issue Published : 122
Article Submitted : 25330
Article Published : 9497
Total Authors : 25208
Total Reviewer : 873
Total Countries : 172
Indexing Partner
Licence
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
|
Published Paper Details
|
|
| Paper Title: | A Comparative Study of Capital Structure Decisions: JSW Steel vs Tata Steel |
| Authors Name: | DURVESH UMESH SARANG , Prof. Ritu Tuli |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJRTI_213941
|
| Published Paper Id: | IJRTI2607027 |
| Published In: | Volume 11 Issue 7, July-2026 |
| DOI: | |
| Abstract: | The capital structure decisions of large corporations significantly influence their long-term financial stability, growth trajectory, and resilience to market fluctuations. In the Indian steel industry—one of the most capital-intensive and cyclical sectors—these financing choices carry substantial operational and financial risk implications. This study presents a comparative evaluation of the capital structure strategies of India's two prominent steel manufacturers: JSW Steel and Tata Steel. Utilizing secondary financial data from FY2019–20 through FY2023–24, this paper evaluates leverage patterns, debt-equity compositions, interest coverage metrics, and risk-return trade-offs. The empirical analysis demonstrates that while both firms possess similar gross indebtedness profiles (~₹85,000–87,000 crores), JSW Steel manages a more aggressive, growth-driven leverage model supported by robust domestic operational profitability. Conversely, Tata Steel adopts a balanced capital structure, but remains highly susceptible to financial stress due to volatile earnings stemming from its international operations. The findings reveal that capital structure sustainability is heavily dependent on operational earnings stability rather than the mere volume of debt. |
| Keywords: | Capital Structure, Leverage, Debt–Equity Ratio, Interest Coverage, Financial Risk, Corporate Finance, Tata Steel, JSW Steel. |
| Cite Article: | "A Comparative Study of Capital Structure Decisions: JSW Steel vs Tata Steel", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2456-3315, Vol.11, Issue 7, page no.a275-a282, July-2026, Available :http://www.ijrti.org/papers/IJRTI2607027.pdf |
| Downloads: | 00045 |
| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
| Publication Details: |
Published Paper ID: IJRTI2607027
Registration ID:213941
Published In: Volume 11 Issue 7, July-2026
DOI (Digital Object Identifier):
Page No: a275-a282 Country: Mumbai, Maharashtra, India Research Area: Management Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2607027 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2607027 |
| Share Article: | |
|
Click Here to Download This Article |
|
| Article Preview | |
|
|
|
Major Indexing from www.ijrti.org
| Google Scholar | ResearcherID Thomson Reuters | Mendeley : reference manager | Academia.edu |
| arXiv.org : cornell university library | Research Gate | CiteSeerX | DOAJ : Directory of Open Access Journals |
| DRJI | Index Copernicus International | Scribd | DocStoc |
ISSN Details
 |
 |
|
ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
DOI (A digital object identifier)
| Providing A digital object identifier by DOI.ONE How to Get DOI? |
Conference
Open Access License Policy
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Important Details
Join RMS/Earn 300
WhatsApp
Click Here
Click Here
Indexing Partner |
|||
| Copyright © 2026 - All Rights Reserved - IJRTI | |||