It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for JSW Steel the TSR over the last 5 years was 278%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.