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 17.1x vs industry 29.4x)
- Low debt relative to equity (D/E 0.4x)
- Near 52-week low — potential value zone (₹652)
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 | ₹2,480 | ₹3.4L Cr | 141 | 3.96 | 4.48 | 5.8 | 2.03 |
| JSWSTEEL JSW Steel Limited | ₹1,241 | ₹2.9L Cr | 18.5 | 2.68 | 10.2 | 11 | 0.62 |
| HINDZINC Hindustan Zinc Limited | ₹507 | ₹2.1L Cr | 10.1 | 7.15 | 76.6 | 69.5 | 0.22 |
| TATASTEEL Tata Steel Limited | ₹169 | ₹2.1L Cr | 17.7 | 2.07 | 11.7 | 12.5 | 1.01 |
| HINDALCO Hindalco Industries Limited | ₹894 | ₹2.0L Cr | 9.39 | 1.47 | 13 | 13.2 | 0.56 |
| VAML Vedanta Aluminium Metal Limited | ₹— | ₹1.3L Cr | 8.51 | — | — | — | — |
| JINDALSTEL JINDAL STEEL LIMITED | ₹1,048 | ₹1.0L Cr | 32.1 | 2.04 | 8.22 | 9.7 | 0.43 |
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
To consider and approve the unaudited financial results for the quarter and half year ended September 30, 2026
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 Steel reports Q2FY26 financial results
*Jindal Steel reports Q2FY26 financial results.* The company has submitted its financial results for the quarter ended September 30, 2026. Key figures such as **revenue**, **profit after tax**, and **EBITDA** will be analyzed for performance trends. Market participants will assess guidance and operating metrics for future outlook. 📊 *STOCKS:* $JSL | 🏢 *SECTOR:* Metals | #MEDIUMIMPACT #Earnings
Jindal Stainless reports Q2 FY26 results.
*Jindal Stainless reports Q2 FY26 results.* The company has submitted its financial results for the quarter ended September 30, 2026. Key figures including **revenue**, **profit after tax**, and **EBITDA** were disclosed, reflecting performance amid volatile raw material prices. Investors await guidance on capex and export outlook. 📊 *STOCKS:* JSL | 🏢 *SECTOR:* Metals | #MEDIUMIMPACT #Earnings
Jindal 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 partners with JFE Steel for tech upgrade
*Jindal Stainless partners with JFE Steel for tech upgrade.* The company signed a technical assistance agreement with Japan’s JFE Steel to enhance ferritic stainless steel production. This collaboration aims to improve product quality and manufacturing efficiency. Technology transfer could boost competitiveness in specialty steel segments. 📊 *STOCKS:* $JSL | 🏢 *SECTOR:* Metals | #MEDIUMIMPACT #JointVenture
Jindal Stainless deploys electric trucks for first time
*Jindal Stainless deploys electric trucks for first time*. The company has rolled out electric trucks across its logistics operations, marking its first foray into green mobility. This move supports its broader sustainability goals and reduces carbon footprint. The initial deployment is part of a larger environmental initiative. 📊 *STOCKS:* $JSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #GreenInitiative
Jindal Stainless renews lubricants pact with Indian Oil for 5 years
*Jindal Stainless renews lubric combustibles pact with Indian Oil for 5 years.* The renewal underscores continued operational collaboration between the firms. No financial terms were disclosed. Such renewals reflect stable vendor relationships but lack immediate financial impact. 📊 *STOCKS:* $JSL | 🏢 *SECTOR:* Metals | #LOWIMPACT #Partnership
Jindal Stainless shares may see volatility on regulatory update
*Jindal Stainless shares may see volatility on regulatory update.* The company filed an intimation under Regulation 57 of SEBI's Listing Obligations and Disclosure Requirements. This is a procedural disclosure and does not indicate a material business event. Traders should monitor for follow-up announcements. 📊 *STOCKS:* $JSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Regulation
Jindal Stainless announces NCD issuance details
*Jindal Stainless announces NCD issuance details.* The company has provided updates on its non-convertible debentures (NCDs) as per a recent NSE filing. These NCDs are part of its ongoing debt fundraising efforts. Terms and maturity details were disclosed to ensure regulatory compliance. 📊 *STOCKS:* $JSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Funding
Jindal Stainless files SEBI disclosure on corporate bonds
*Jindal Stainless files SEBI disclosure on corporate bonds.* The company made a regulatory filing under SEBI’s centralized database framework for corporate bonds. The update pertains to compliance and does not reveal any financial deviation or strategic change. No immediate financial impact is indicated. 📊 *STOCKS:* JSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #RegulatoryFiling
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