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Jindal Steel Ltd

₹ 1,0412.96%
14 Jan – close price
🔗jindalsteelpower.com•BSE: 532286•NSE: JINDALSTEL
Market Cap₹ 1,06,161 Cr.
Current Price₹ 1,041
High / Low₹ 1,098
Stock P/E21.9
Book Value₹ 515
Dividend Yield0.19 %
ROCE11.7 %
ROE9.37 %
Face Value₹ 1.00
Sales₹ 49,000 Cr.
OPM18.6 %
Mar Cap₹ 1,06,161 Cr.

ABOUT

Jindal Steel & Power Ltd is one of the India's leading steel producers with significant presence in sectors like steel and mining. The group has global presence through subsidiaries, mainly in Australia, Botswana, Indonesia, Mauritius, Mozambique, Madagascar, Namibia, South Africa, Tanzania and Zambia.[1]

KEY POINTS

Product PortfolioThe company offers a range of steel products including plates & coils, wire rod & TMT rebar, track rails, structural steel products such as beams and columns, channels, angles, etc.[1]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.JSW Steel1181.8047.27289003.750.241646.00166.1645152.0013.788.11174496.0015.026113.961623.003.481.651.22
2.Tata Steel189.2532.13236250.751.903183.09310.3858689.298.888.83221733.8212.987351.873394.272.491.221.01
3.Jindal Steel1040.7021.87106160.570.19920.672.9412108.605.2611.7449000.2718.604855.02920.672.026.140.13
4.Jindal Stain.794.1023.7365467.160.38807.9229.8710892.7811.4118.1641205.5411.882759.27793.923.627.500.38
5.S A I L152.4422.6262965.731.05418.72-29.0426704.178.226.76106431.9810.162783.77636.641.081.900.58
6.Sarda Energy486.8016.1317153.920.31327.7765.391527.7831.8615.275718.8730.921063.40323.182.458.510.38
7.NMDC Steel43.00–12601.610.00-114.7880.723389.90122.68-12.9711712.91-2.83-1320.39-114.780.97-8.210.41
–Median: 12 Co.143.8822.6214877.760.28194.6747.632458.848.559.378749.6711.02695.47192.381.992.750.4

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
13,10711,83213,39212,31112,08211,51613,77312,84311,50411,43613,03512,42012,109
Expenses
11,2699,58811,2529,6579,7708,79711,25410,1449,5649,27510,8979,56410,149
Operating Profit
1,8382,2442,1402,6532,3122,7192,5192,6991,9402,1612,1392,8561,959
Other Income
-1,656-7,243-13614263015232516-1,2631610
Profit before tax
-682-5,8861,1021,8701,5261,9941,7621,9751,2241,4731752,1971,244
Tax %
-31%-23%28%25%27%26%27%26%27%21%38%26%26%
Net Profit
-473-4,5127891,4001,1091,4841,2821,4578941,1631081,624921
EPS in Rs
-4.64-44.237.7413.7210.8714.5412.5614.288.7711.401.0515.929.03

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
13,82613,39013,77014,44917,65427,86326,32433,34649,51251,68050,00949,14349,000
Expenses
9,8449,64311,32911,53913,68021,84620,53720,27734,43142,14339,76440,18139,885
Operating Profit
3,9833,7472,4412,9103,9746,0185,78713,06915,0809,53810,2458,9639,115
Other Income
379-350231-345-1,384-9480-265-3,21442-1,223-1,220
Interest
1,5402,2512,6462,3242,3912,8962,6112,1871,4151,286921620499
Depreciation
1,2211,7862,1482,0441,9102,3072,2872,2432,2322,1662,2162,2722,307
Profit before tax
1,601-639-2,330-1,457-672-5708809,11911,1682,8727,1514,8475,088
Net Profit
1,292-311-1,419-986-362-2636187,1548,2832,4275,2733,6213,815
EPS in Rs
14.12-3.40-15.50-10.78-3.74-2.726.0670.1481.2023.7951.6935.5037.40
Dividend Payout %
11%0%0%0%0%0%0%0%4%8%4%6%–

Compounded Sales Growth

10 Years:14%
5 Years:13%
3 Years:0%
TTM:-1%

Compounded Profit Growth

10 Years:61%
5 Years:48%
3 Years:-19%
TTM:-5%

Stock Price CAGR

10 Years:32%
5 Years:28%
3 Years:21%
1 Year:13%

Return on Equity

10 Years:9%
5 Years:14%
3 Years:9%
Last Year:9%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
919191929797102102101100100101102
Reserves
12,97312,42022,97421,67522,69622,45223,60732,54040,25940,45645,39349,66252,482
Borrowings
24,36928,31325,74225,32623,18019,70016,83518,96413,91812,45811,6937,4816,707
Other Liabilities
5,7745,34611,78913,00214,10415,42418,33117,52520,88414,01514,83016,24518,173
Total Liabilities
43,20846,17060,59760,09460,07757,67258,87569,13175,16267,03072,01773,48977,465
Fixed Assets
18,25927,21543,02341,47645,63644,36344,47242,72241,35840,08339,47339,83741,458
Gross Block
24,21634,78445,15445,69751,77952,78355,09855,54956,29557,15758,73061,329–
Accumulated Depreciation
5,9577,5692,1304,2226,1438,42010,62612,82714,93717,07419,25721,491–
CWIP
11,6633,5635,6867,5292,6891,6248516047602,1193,8025,4754,393
Investments
1,3512,4871,4771,4851,4901,6931,6995,5586,3165,6937,5319,86910,918
Other Assets
11,93512,90510,4119,60310,2619,99211,85320,24826,72819,13521,21118,30820,696
Total Assets
43,20846,17060,59760,09460,07757,67258,87569,13175,16267,03072,01773,48977,465

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
2,7061,4494,4224,0644,8606,9887,0619,76014,1856,3516,90911,211
Cash from Investing Activity
-3,116-3,147862-1,111-870-1,347-1,366-3,507-9,407-3,778-5,081-7,315
Cash from Financing Activity
1,1181,236-5,231-3,138-4,027-5,676-5,380-1,082-7,428-1,850-2,544-4,734
Net Cash Flow
708-46253-185-37-353145,171-2,649723-716-837

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
3936222016121321981610
Inventory Days
288302159125165110125160128829268
Days Payable
14511712715718010714813396676673
Cash Conversion Cycle
18122154-12115-10494123425
Working Capital Days
-153-80-192-143-124-90-63-29-10-40-22-32
ROCE %
9%6%1%2%4%8%8%25%24%14%15%12%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
61.21%61.21%61.21%61.21%61.21%61.21%61.19%61.19%61.19%62.22%62.36%62.38%
FIIs
13.13%13.42%12.71%12.23%11.75%11.93%12.64%12.19%10.99%9.59%9.76%9.43%
DIIs
14.17%13.90%14.74%15.22%15.33%14.73%15.34%16.05%17.26%17.72%18.09%18.74%
Public
10.02%9.99%9.86%9.88%9.99%10.41%10.01%9.75%9.75%9.65%9.54%9.20%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Jindal Steel Closes Trading Window from April 1, 2026 for Financial Results

31st March 2026, 8:48 pm

Jindal Steel Board Approves Director Appointments, Re-appointment; One Director Departs

28th March 2026, 2:26 am

Surya Roshni Ltd. Notifies SEBI Special Window for Physical Securities Transfer

26th March 2026, 8:17 pm

Jindal Steel's ESG Score Edges Up to 51; Company Clarifies No Direct Engagement with Rating Agency

24th March 2026, 4:21 am

Jindal Steel Announces Analyst Investor Meeting for March 27, 2026

23rd March 2026, 10:50 pm

Published by Other Websites

External media mentions & references

Trump's 25% Tariff Plan Hits Indian Metal Stocks

2nd April 2026, 1:21 pm

Legal Ace Shashwat Kumar Joins Jindal Steel as VP Legal

27th March 2026, 1:21 pm

Oil Surges Past $100; Mideast Tensions Threaten Indian Market Open

27th March 2026, 8:26 am

Jindal-Thyssenkrupp Steel Deal Hits Snag on Pension, Energy Costs

26th March 2026, 4:23 pm

Jindal-Thyssenkrupp Steel Deal Collapses on Pension, Energy Woes

26th March 2026, 1:50 pm

News Articles

Editorial & research coverage

India Stocks: Index Up, Individual Shares Down - The Divergence Deepens
India Stocks: Index Up, Individual Shares Down - The Divergence Deepens

14th February 2026, 10:38 pm

Nifty Metal Tumbles 3% on Profit Booking; Analysts Urge 'Buy the Dip'
Nifty Metal Tumbles 3% on Profit Booking; Analysts Urge 'Buy the Dip'

13th February 2026, 11:29 am

EU Steel Tariffs: Valuation Boost for Thyssenkrupp in Jindal Talks?
EU Steel Tariffs: Valuation Boost for Thyssenkrupp in Jindal Talks?

12th February 2026, 6:15 pm

India's Regulators Tighten Grip: Mining & Industry Face Rising ESG Costs
India's Regulators Tighten Grip: Mining & Industry Face Rising ESG Costs

6th February 2026, 9:56 am

India's INR 10,000 crore Mfg Push Targets China's Container Dominance
India's INR 10,000 crore Mfg Push Targets China's Container Dominance

1st February 2026, 3:14 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

3 Jan - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Press Release / Media Release

29 Dec - Jindal Steel to double Raigarh structural capacity from 1.2 to 2.4 MTPA by mid-2028; manufacture up to 1,100mm sections.

Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015

25 Dec - GST demand Rs.2,15,34,020 and penalty Rs.21,53,420 from Odisha dated Dec 24, 2025; appeal planned.

Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Grant Of Stock Options Under Jindal Steel Employee Benefit Scheme - 2022

20 Dec - Jindal Steel granted 571,909 and 25,030 options on Dec 20, 2025; Face+50% pricing; vesting schedules specified.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from nse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Credit Ratings

Rating update

10 Oct 2025 from icra

Rating update

9 Oct 2025 from care

Rating update

7 Apr 2025 from care

Rating update

13 Jan 2025 from care

Rating update

30 Oct 2024 from icra

Rating update

28 Aug 2024 from care

Concalls

Nov 2025

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Stock Analysis

Description

  1. Jindal Steel Limited is a major integrated steel manufacturer operating in India's core industrial sector. The company is involved in steel production, power generation, mining, and infrastructure development, contributing significantly to the country's industrial growth and self-reliance.

Key Growth Triggers

  1. Commissioning of key expansion projects at Angul, including Blast Furnace-II (5 MTPA) and Basic Oxygen Furnace-II (3 MTPA), significantly boosting steelmaking capacity.
  2. Expansion of structural steel capacity at Raigarh to 2.4 MTPA by mid-2028, enhancing domestic supply for heavy sections.
  3. Focus on value-added products and new product lines to enhance market positioning and profitability.
  4. Strategic initiatives like decarbonisation, circular economy, and advanced technologies through NCVET recognition.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Received GST Demand Orders totalling ₹3.40 Cr (plus penalty) and ₹2.15 Cr (plus penalty) for alleged excess Input Tax Credit.
  2. The company disputes these demands, plans to file appeals, and states no material financial or operational impact is anticipated.

Key Dates To Watch

  1. Announcement of Q3 FY26 Un-audited Financial Results and subsequent opening of trading window.

Corporate Announcements

31st Mar 26
Impact Rating: 6
Jindal Steel will close its trading window for designated persons and relatives from April 1, 2026, continuing for 48 hours post-declaration of Q4 FY26 audited financial results, adhering to SEBI norms.
27th Mar 26
Impact Rating: 6
Jindal Steel announced the appointment of Mr. Debojyoti Roy as Additional and Wholetime Director for three years. Mr. Damodar Mittal was re-appointed for a similar term, while Mr. Sabyasachi Bandyopadhyay will cease as Wholetime Director.
26th Mar 26
Impact Rating: -
No description available.
23rd Mar 26
Impact Rating: 5
Jindal Steel's ESG score has been revised from 50 to 51 by ESG Risk.ai. The company clarified it did not engage ESG Risk.ai for this rating, which was prepared using publicly available information.
23rd Mar 26
Impact Rating: 3
Jindal Steel Limited has confirmed a virtual one-on-one investor meeting with Citadel International Equities, set to take place on March 27, 2026. This engagement is in compliance with SEBI's disclosure regulations for listed entities.