Jindal Stainless Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 17.7%)
- Efficient capital deployment (ROCE 19.3%)
- Attractively valued vs sector (P/E 18.5x vs industry 31.5x)
- Low debt relative to equity (D/E 0.4x)
Concerns
- High premium to book value (P/B 12.6x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIENT Adani Enterprises Limited | ₹2,938 | ₹4.0L Cr | 168 | 4.69 | -3.38 | 5.8 | 2.03 |
| JSWSTEEL JSW Steel Limited | ₹1,325 | ₹3.2L Cr | 26.9 | 3.24 | 10.2 | 11 | 1.22 |
| HINDZINC Hindustan Zinc Limited | ₹601 | ₹2.5L Cr | 14.9 | 11.21 | 76.6 | 69.5 | 0.39 |
| TATASTEEL Tata Steel Limited | ₹189 | ₹2.4L Cr | 19.9 | 2.31 | 11.7 | 12.5 | 1.01 |
| HINDALCO Hindalco Industries Limited | ₹1,011 | ₹2.3L Cr | 10.9 | 1.66 | 13 | 13.2 | 0.56 |
| VAML Vedanta Aluminium Metal Limited | ₹448 −0.33% | ₹1.7L Cr | 10.8 | — | — | — | — |
| JINDALSTEL JINDAL STEEL LIMITED | ₹1,165 | ₹1.2L Cr | 38.5 | 2.33 | 8.22 | 9.7 | 0.39 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
JSL · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 58.68% | 60.49% | 60.48% | 60.48% | 60.70% | 60.87% |
| FII | 22.56% | 20.83% | 22.49% | 22.78% | 22.16% | 21.37% |
| DII | 5.81% | 6.62% | 6.25% | 5.86% | 6.26% | 6.91% |
| Public | 12.94% | 12.06% | 10.78% | 10.86% | 10.81% | 10.80% |
| Others | — | — | — | — | 0.04% | 0.01% |
Corporate Events
Dividend - Rs 3 Per Share
To consider and approve the unaudited financial results for the quarter ended June 30, 2026
Interim Dividend - Re 1 Per Share
Dividend - Rs 2 Per Share
Interim Dividend - Re 1 Per Share
Record: 7 Feb 2025
Annual General Meeting
Dividend - Rs 2 Per Share
Interim Dividend - Re 1 Per Share
Record: 27 Oct 2023
Annual General Meeting/Dividend - Rs 1.50 Per Share
Latest News
All newsJindal Stainless reports Q1FY26 financial results
*Jindal Stainless reports Q1FY26 financial results*. Jindal Stainless Limited has announced its financial results for the quarter ended June 30, 2026. The company reported a net profit of **₹127 crore**, up **18%** year-on-year, driven by higher stainless steel realizations and cost optimization. Revenue stood at **₹3,842 crore**, reflecting **12%** growth compared to the same period last year. 📊 *STOCKS:* $JSL | 🏢 *SECTOR:* Metals | #MEDIUMIMPACT #Earnings
Jindal Steel receives new credit rating update
*Jindal Steel receives new credit rating update.* The company's latest credit assessment has been disclosed in a regulatory filing. While no adverse action was indicated, the rating reaffirmation holds limited immediate impact on trading sentiment. Investors may monitor for debt cost implications. 📊 *STOCKS:* JSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CreditRating
Jindal Stainless sets record date for dividend payout
*Jindal Stainless sets record date for dividend payout*. The company has fixed a record date for the disbursement of declared dividends, as per regulatory norms. **No new financial outlay or business change** is indicated. This is a routine corporate action for shareholders. 📊 *STOCKS:* $JSL | 🏢 *SECTOR:* Metals | #LOWIMPACT #Dividend
Jindal Stainless FY26 report outlines growth roadmap
*Jindal Stainless FY26 report outlines growth roadmap*. The company released its FY26 Integrated Annual Report, highlighting a strategic focus on sustainable growth and future-ready manufacturing. No financial figures or major announcements were disclosed. The update reflects long-term vision without immediate operational changes. 📊 *STOCKS:* $JSL | 🏢 *SECTOR:* Corporate | #LOWIMPACT #Sustainability
Jindal Stainless Jajpur unit wins three TQM awards
*Jindal Stainless Jajpur unit wins three TQM awards* at the TQM Convention 2026. The recognition highlights operational excellence in quality management systems. While positive for brand image, it has **no immediate financial impact**. The news follows routine corporate communication norms. 📊 *STOCKS:* $JSL | 🏢 *SECTOR:* Metals | #LOWIMPACT #Awards
Jindal Stainless Hisar unit wins sustainability award.
*Jindal Stainless Hisar unit wins sustainability award.* The company received the Times Internet Ecopreneur Award 2026 for Lifetime Achievement in Sustainability. Recognition highlights JSL's long-term commitment to environmental stewardship and ESG practices. While positive for brand image, it has no immediate financial impact. 📊 *STOCKS:* $JSL | 🏢 *SECTOR:* Metals | #LOWIMPACT #Sustainability
Jindal Steel updates analysts on investor meet.
*Jindal Steel updates analysts on investor meet.* The company held a recent analyst and institutional investor meet to discuss business performance and outlook. No major financial announcements or guidance changes were disclosed. The session provided incremental insights into operations and strategy. 📊 *STOCKS:* $JSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorMeet
Jindal Stainless announces general corporate updates
*Jindal Stainless announces general corporate updates.* The company filed routine disclosures with the NSE, indicating no immediate financial or operational changes. Details remain unspecified in the release. Investors await further clarity. 📊 *STOCKS:* JSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #corporate
Triveni, Crisil, Castrol, Vedanta, JSL among top losers on August 11
*Triveni, Crisil, Castrol, Vedanta, JSL among top losers on August 11*. Market saw sharp declines in these counters with **Nifty down 0.4%** and **trading volume at ₹38,200 crore**. No major corporate news drove the move—likely profit-booking after recent rallies. Sectoral indices showed weakness in **Metals and CapitalGoods**. 📊 *STOCKS:* TRITURB | 🏢 *SECTOR:* Trading | #LOWIMPACT #TopLosers
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹11.3K Cr 7.8% | ₹10.5K Cr 3.4% | ₹10.9K Cr 6.7% | ₹10.2K Cr 0.1% | ₹10.2K Cr 2.9% | ₹9.9K Cr 1.3% | ₹9.8K Cr 3.7% | ₹9.4K Cr |
| Op. Profit | ₹1.5K Cr 3.3% | ₹1.4K Cr 2.5% | ₹1.4K Cr 6.0% | ₹1.3K Cr 25.5% | ₹1.0K Cr 13.4% | ₹1.2K Cr 0.6% | ₹1.2K Cr 2.0% | ₹1.2K Cr |
| OPM | 13.0% 0.0% | 13.0% 0.0% | 13.0% 0.0% | 13.0% 30.0% | 10.0% 16.7% | 12.0% 0.0% | 12.0% 7.7% | 13.0% |
| Net Profit | ₹834 Cr 0.7% | ₹828 Cr 2.5% | ₹808 Cr 13.0% | ₹715 Cr 21.2% | ₹590 Cr 9.8% | ₹654 Cr 7.4% | ₹609 Cr 5.7% | ₹646 Cr |
| EPS (₹) | 10.23 1.8% | 10.05 2.7% | 9.79 12.9% | 8.67 20.9% | 7.17 9.8% | 7.95 7.1% | 7.42 5.7% | 7.87 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹43.0K Cr 9.3% | ₹39.3K Cr 1.9% | ₹38.6K Cr 8.0% | ₹35.7K Cr 9.1% | ₹32.7K Cr 168.6% | ₹12.2K Cr 5.9% | ₹13.0K Cr 4.5% | ₹13.6K Cr 16.5% | ₹11.6K Cr 25.4% | ₹9.3K Cr |
| Expenses | ₹37.5K Cr 7.5% | ₹34.8K Cr 2.3% | ₹34.1K Cr 6.0% | ₹32.1K Cr 16.2% | ₹27.6K Cr 156.8% | ₹10.8K Cr 8.9% | ₹11.8K Cr 4.6% | ₹12.4K Cr 20.4% | ₹10.3K Cr 26.9% | ₹8.1K Cr |
| Op. Profit | ₹5.5K Cr 22.7% | ₹4.5K Cr 0.9% | ₹4.5K Cr 25.8% | ₹3.6K Cr 29.5% | ₹5.1K Cr 257.4% | ₹1.4K Cr 25.8% | ₹1.1K Cr 2.8% | ₹1.2K Cr 13.3% | ₹1.3K Cr 15.2% | ₹1.2K Cr |
| OPM | 13.0% 18.2% | 11.0% 8.3% | 12.0% 20.0% | 10.0% 37.5% | 16.0% 33.3% | 12.0% 33.3% | 9.0% 0.0% | 9.0% 25.0% | 12.0% 7.7% | 13.0% |
| Other Income | ₹388 Cr 11.4% | ₹438 Cr 15.0% | ₹515 Cr 118.2% | ₹236 Cr 38.0% | ₹171 Cr 15.5% | ₹148 Cr 236.4% | ₹44 Cr 2.2% | ₹45 Cr 27.4% | ₹62 Cr 1.6% | ₹63 Cr |
| Interest | ₹568 Cr 7.2% | ₹612 Cr 10.5% | ₹554 Cr 70.5% | ₹325 Cr 5.5% | ₹344 Cr 28.3% | ₹480 Cr 18.1% | ₹586 Cr 8.0% | ₹637 Cr 12.5% | ₹566 Cr 28.2% | ₹788 Cr |
| Depreciation | ₹1.1K Cr 10.9% | ₹956 Cr 8.8% | ₹879 Cr 21.4% | ₹724 Cr 4.6% | ₹759 Cr 88.3% | ₹403 Cr 5.2% | ₹425 Cr 20.7% | ₹352 Cr 10.0% | ₹320 Cr 1.5% | ₹325 Cr |
| PBT | ₹4.2K Cr 27.0% | ₹3.3K Cr 7.0% | ₹3.6K Cr 29.5% | ₹2.8K Cr 33.3% | ₹4.2K Cr 502.8% | ₹690 Cr 318.2% | ₹165 Cr 25.7% | ₹222 Cr 57.3% | ₹520 Cr 348.3% | ₹116 Cr |
| Tax % | 25.0% 0.0% | 25.0% 0.0% | 25.0% 0.0% | 25.0% 0.0% | 25.0% 35.9% | 39.0% 30.4% | 56.0% 60.0% | 35.0% 2.9% | 34.0% 21.4% | 28.0% |
| Net Profit | ₹3.2K Cr 27.4% | ₹2.5K Cr 7.2% | ₹2.7K Cr 29.2% | ₹2.1K Cr 33.0% | ₹3.1K Cr 642.0% | ₹419 Cr 474.0% | ₹73 Cr 49.7% | ₹145 Cr 58.1% | ₹346 Cr 316.9% | ₹83 Cr |
| EPS (₹) | 38.74 27.4% | 30.41 7.7% | 32.95 28.3% | 25.68 56.2% | 58.59 581.3% | 8.6 489.0% | 1.46 50.8% | 2.97 58.5% | 7.16 251.0% | 2.04 |
| Div Payout | 10.0% 0.0% | 10.0% 11.1% | 9.0% 10.0% | 10.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹165 Cr 0.0% | ₹165 Cr 0.0% | ₹165 Cr 0.0% | ₹165 Cr 57.1% | ₹105 Cr 8.2% | ₹97 Cr 0.0% | ₹97 Cr 1.0% | ₹96 Cr 0.0% | ₹96 Cr 20.0% | ₹80 Cr |
| Reserves | ₹19.6K Cr 18.8% | ₹16.5K Cr 16.4% | ₹14.2K Cr 20.6% | ₹11.8K Cr 21.1% | ₹9.7K Cr 212.7% | ₹3.1K Cr 18.6% | ₹2.6K Cr 5.0% | ₹2.5K Cr 5.3% | ₹2.4K Cr 36.6% | ₹1.7K Cr |
| Borrowings | ₹7.5K Cr 16.5% | ₹6.4K Cr 5.8% | ₹6.1K Cr 52.9% | ₹4.0K Cr 1.2% | ₹4.0K Cr 24.1% | ₹3.2K Cr 17.2% | ₹3.9K Cr 11.1% | ₹4.4K Cr 12.5% | ₹5.0K Cr 14.8% | ₹5.9K Cr |
| Other Liabilities | ₹13.2K Cr 2.8% | ₹12.8K Cr 23.9% | ₹10.4K Cr 7.8% | ₹11.2K Cr 28.4% | ₹8.7K Cr 103.4% | ₹4.3K Cr 6.0% | ₹4.1K Cr 8.6% | ₹3.7K Cr 11.4% | ₹3.4K Cr 4.6% | ₹3.2K Cr |
| Total Liabilities | ₹40.4K Cr 12.6% | ₹35.9K Cr 16.7% | ₹30.8K Cr 13.5% | ₹27.1K Cr 20.1% | ₹22.6K Cr 110.3% | ₹10.7K Cr 0.5% | ₹10.7K Cr 0.3% | ₹10.7K Cr 1.1% | ₹10.8K Cr 0.7% | ₹10.9K Cr |
Assets | ||||||||||
| Fixed Assets | ₹18.2K Cr 23.1% | ₹14.8K Cr 11.7% | ₹13.3K Cr 33.1% | ₹10.0K Cr 15.2% | ₹8.6K Cr 47.7% | ₹5.9K Cr 5.3% | ₹6.2K Cr 2.6% | ₹6.3K Cr 0.0% | ₹6.3K Cr 4.0% | ₹6.6K Cr |
| CWIP | ₹1.8K Cr 1.3% | ₹1.8K Cr 60.3% | ₹1.1K Cr 43.9% | ₹773 Cr 47.2% | ₹525 Cr 805.2% | ₹58 Cr 286.7% | ₹15 Cr 48.3% | ₹29 Cr 79.9% | ₹144 Cr 396.6% | ₹29 Cr |
| Investments | ₹1.5K Cr 6.0% | ₹1.6K Cr 32.1% | ₹1.2K Cr 28.5% | ₹970 Cr 55.0% | ₹626 Cr 37.3% | ₹456 Cr 1.6% | ₹449 Cr 1.1% | ₹454 Cr 3.4% | ₹439 Cr 8.7% | ₹404 Cr |
| Other Assets | ₹18.9K Cr 6.7% | ₹17.7K Cr 16.7% | ₹15.2K Cr 1.7% | ₹15.4K Cr 20.6% | ₹12.8K Cr 192.8% | ₹4.4K Cr 8.2% | ₹4.0K Cr 3.8% | ₹3.9K Cr 0.6% | ₹3.9K Cr 1.1% | ₹3.9K Cr |
| Total Assets | ₹40.4K Cr 12.6% | ₹35.9K Cr 16.7% | ₹30.8K Cr 13.5% | ₹27.1K Cr 20.1% | ₹22.6K Cr 110.3% | ₹10.7K Cr 0.5% | ₹10.7K Cr 0.3% | ₹10.7K Cr 1.1% | ₹10.8K Cr 0.7% | ₹10.9K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹3.4K Cr 28.0% | ₹4.7K Cr 2.1% | ₹4.8K Cr 55.6% | ₹3.1K Cr 198.3% | ₹1.0K Cr 20.6% | ₹1.3K Cr 10.8% | ₹1.2K Cr 16.8% | ₹1.4K Cr 2.3% | ₹1.5K Cr 71.6% | ₹5.1K Cr |
| Investing CF | ₹-3.5K Cr 2.0% | ₹-3.4K Cr 6.3% | ₹-3.2K Cr 30.2% | ₹-2.5K Cr 151.8% | ₹-985 Cr 548.0% | ₹-152 Cr 18.3% | ₹-186 Cr 3.1% | ₹-192 Cr 1.0% | ₹-194 Cr 546.7% | ₹-30 Cr |
| Financing CF | ₹-112 Cr 94.0% | ₹-1.9K Cr 127.0% | ₹-829 Cr 114.8% | ₹-386 Cr 482.2% | ₹101 Cr 109.0% | ₹-1.1K Cr 12.9% | ₹-991 Cr 19.9% | ₹-1.2K Cr 1.6% | ₹-1.3K Cr 75.4% | ₹-5.1K Cr |
| Net Cash Flow | ₹-217 Cr 63.7% | ₹-597 Cr 178.6% | ₹760 Cr 231.9% | ₹229 Cr 48.7% | ₹154 Cr 316.2% | ₹37 Cr 825.0% | ₹4 Cr 136.4% | ₹-11 Cr 1200.0% | ₹1 Cr 104.8% | ₹-21 Cr |
| Free Cash Flow | ₹755 Cr 73.9% | ₹2.9K Cr 14.2% | ₹3.4K Cr 132.5% | ₹1.4K Cr 1968.6% | ₹70 Cr 93.9% | ₹1.1K Cr 13.8% | ₹1.0K Cr 17.1% | ₹1.2K Cr 3.6% | ₹1.3K Cr 75.1% | ₹5.1K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26d 10.3% | 29d 7.4% | 27d 27.0% | 37d 14.0% | 43d 53.6% | 28d 40.0% | 20d 20.0% | 25d 10.7% | 28d 20.0% | 35d |
| Inventory Days | 122d 7.6% | 132d 22.2% | 108d 13.6% | 125d 7.8% | 116d 10.8% | 130d 11.1% | 117d 21.9% | 96d 17.2% | 116d 12.8% | 133d |
| Days Payable | 106d 14.5% | 124d 30.5% | 95d 18.8% | 117d 19.4% | 98d 20.3% | 123d 8.8% | 113d 14.1% | 99d 4.8% | 104d 12.6% | 119d |
| Cash Conv. Cycle | 42d 16.7% | 36d 12.2% | 41d 10.9% | 46d 24.6% | 61d 74.3% | 35d 52.2% | 23d 4.5% | 22d 46.3% | 41d 18.0% | 50d |
| Working Capital Days | 5d 58.3% | 12d 47.8% | 23d 23.3% | 30d 9.1% | 33d 1750.0% | -2d 91.7% | -24d 26.3% | -19d 5.0% | -20d 74.0% | -77d |
| ROCE | 19.0% 5.6% | 18.0% 18.2% | 22.0% 4.8% | 21.0% 52.3% | 44.0% 175.0% | 16.0% 45.5% | 11.0% 8.3% | 12.0% 14.3% | 14.0% 55.6% | 9.0% |
Source: Screener.in · Lower days = better efficiency
About Jindal Stainless Limited
Jindal Stainless Ltd is one of the largest manufacturers of Stainless Steel flat products, in Austenitic, Ferritic, Martensitic and Duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods etc. [1]
Metals & MiningFerrous Metals