Jindal Steel Ltd.

•

jindalsteel.in/BSE: 532286NSE: JINDALSTEL

Market Cap₹ 1,14,076 Cr.

Current Price

High / Low₹ 1,306 / 977

Stock P/E42.0

Book Value₹ 506

Price to Book2.23

Dividend Yield0.18 %

ROCE8.9 %

ROE6.9 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2022 • Iron & Steel: 90.0% • Power: 7.6% • Others: 2.3%

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.98x)
Company has a consistent dividend-paying track record
Company maintains a comfortable, low leverage position

CONS

Receivables are growing faster than sales - a possible quality concern
Company has a low return on capital employed of 10.7%
Company has a low return on equity of 9.2% over last 3 years
A large part of profit comes from other income (25.3% of PBT)
Free cash flow has been persistently negative
Company has delivered a poor profit growth of -9.5% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel/Sponge Iron/Pig Iron

Part ofNIFTY NEXT 50 NIFTYLARGEMIDCAP250 NIFTY100 EQL WGT NIFTY TOTAL MKT NIFTY METAL

S.No.	Name
1.	JINDALSTEL	1118.30	41.97	114076.45	0.18	843.80	-43.60	15482.13	25.93	8.92	17.18
2.	LLOYDSME	1798.45	21.24	101236.00	0.06	1733.89	170.25	7354.40	209.39	27.59	38.26
3.	JAIBALAJI	65.17	20.30	5945.14	0.00	26.48	-82.71	1353.35	-13.06	9.63	5.31
4.	RSL	189.90	31.86	1586.95	0.26	20.20	144.24	306.54	23.65	31.72	9.37
5.	STEELXIND	12.13	398.57	1547.20	0.00	150.26	—	2697.14	—	11.97	12.70
6.	SALSTEEL	74.64	86.93	1080.54	0.00	30.90	419.21	873.70	584.99	4.89	15.51
7.	VRAJ	125.90	11.56	415.25	0.00	11.51	51.65	193.83	40.14	10.52	11.17
8.	VASWANI	45.00	0.00	148.26	0.00	2.52	—	91.74	—	9.77	5.72

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	12,588	12,250	11,701	13,487	13,618	11,213	11,751	13,183	12,294	11,686	13,027	16,218	15,482
	9,960	9,964	8,859	11,042	10,779	9,013	9,567	10,912	9,289	9,605	11,393	13,279	14,296
Operating Profit	2,628	2,286	2,843	2,444	2,839	2,200	2,184	2,271	3,006	2,081	1,634	2,939	1,186
OPM %	20.88%	18.66%	24.29%	18.12%	20.85%	19.62%	18.58%	17.22%	24.45%	17.81%	12.54%	18.12%	7.66%
	55	32	35	34	34	35	26	-1,158	30	22	-45	-550	19
Interest	329	329	315	321	332	326	313	342	297	371	406	442	548
Depreciation	588	604	636	995	683	696	698	691	722	750	839	862	926
Profit before Tax	1,767	1,385	1,927	1,163	1,859	1,213	1,199	81	2,018	982	344	1,085	1,205
Tax %	4.23%	-0.42%	-0.05%	19.78%	28.03%	29.08%	20.72%	463.69%	25.86%	35.34%	43.74%	3.03%	29.95%
Net Profit	0	0	0	0	1,338	860	951	-304	1,496	635	189	1,041	844
	16.79	13.81	19.21	9.34	13.31	8.49	9.39	-3.35	14.73	6.28	1.87	10.27	8.30

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	21,051	27,383	39,372	30,465	38,989	51,086	52,711	50,027	49,765	53,225	56,413
	16,341	20,914	31,018	23,650	24,648	35,804	42,930	39,872	40,437	44,144	48,573
Operating Profit	4,709	6,469	8,354	6,815	14,340	15,282	9,781	10,154	9,328	9,081	7,840
OPM %	22.37%	23.62%	21.22%	22.37%	36.78%	29.91%	18.56%	20.30%	18.74%	17.06%	13.90%
	-61	-391	-1,307	-25	-387	-1,245	-988	404	-677	244	-554
Interest	3,742	4,060	4,368	3,826	3,204	2,006	1,616	1,496	1,531	1,725	1,768
Depreciation	3,949	3,883	5,480	3,429	3,453	2,097	2,691	2,822	2,768	3,171	3,376
Profit before Tax	-3,043	-1,864	-2,802	-465	7,296	9,933	4,485	6,241	4,344	4,413	3,615
Tax %	16.52%	12.86%	13.93%	-23.31%	24.24%	16.59%	28.81%	4.77%	34.48%	23.84%	24.65%
Net Profit	-2,540	-1,624	-2,412	-574	5,527	8,285	3,193	5,943	2,846	3,361	2,724
EPS	-27.73	-15.38	-17.00	-1.08	35.63	56.40	31.54	59.24	27.79	33.09	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	4.86%	6.33%	3.38%	7.20%	6.04%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 6%
3 Years:: 0%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: -2%
3 Years:: 2%

STOCK PRICE CAGR

10 Years:: 30%
5 Years:: 23%
3 Years:: 18%
1 Year:: 8%

RETURN ON EQUITY

10 Years:: 5%
5 Years:: 12%
3 Years:: 9%
Last Year:: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	92	97	97	102	102	101	100	100	101	102
Minority Interest	647	440	-526	-776	-878	1,471	313	435	234	942
	29,942	30,266	31,941	32,034	31,712	35,524	38,606	44,216	47,084	50,791
	43,704	43,327	39,511	38,144	30,141	13,576	13,851	15,154	17,972	21,481
Trade Payables	2,915	4,190	5,204	5,567	4,038	5,252	4,700	4,682	5,713	8,778
	16,822	14,367	15,743	17,599	13,036	23,347	17,168	19,736	21,953	23,448
Total Liabilities	94,121	92,687	91,970	92,670	78,152	79,270	74,738	84,322	93,056	1,05,543
	65,900	68,444	69,034	69,382	54,350	45,488	43,542	48,384	48,989	64,102
Capital Work in Progress	8,714	3,877	2,906	1,974	890	1,736	7,106	8,872	15,518	7,265
	368	146	150	181	1,156	470	907	819	2,201	3,168
	3,599	4,960	6,510	6,369	5,943	7,281	5,887	7,077	5,610	8,023
	0	0	0	0	0	0	0	1,665	1,363	1,729
Cash & Bank	477	468	422	906	6,152	3,669	4,717	4,024	4,180	4,142
	15,062	14,792	12,949	13,858	9,661	20,626	12,579	13,481	15,196	17,114
Total Assets	94,121	92,687	91,970	92,670	78,152	79,270	74,738	84,322	93,056	1,05,543

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6,805	7,780	8,997	8,728	11,909	18,008	10,052	6,008	10,824	7,204
Cash from Investing	-1,999	-1,431	-832	-1,476	-1,884	-2,331	-4,090	-8,344	-12,323	-10,734
Cash from Financing	-5,108	-6,276	-8,261	-7,016	-4,612	-15,120	-2,500	1,381	809	2,803
	-257	17	-67	322	5,465	-1,403	757	-955	-689	-727

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.19	61.19	61.19	62.22	62.36	62.37	62.69	62.69	62.69
	12.64	12.19	10.99	9.59	9.76	9.43	9.02	9.19	8.84
	15.34	16.05	17.26	17.67	18.09	18.74	19.10	19.14	19.52
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	10.84	10.57	10.57	10.52	9.79	9.46	9.20	8.97	8.94

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-28

Shareholders meeting

2026-08-28 - JINDAL STEEL LIMITED has informed the Exchange regarding Proceedings of Annual General Meeting held on August 28, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.

2026-08-26

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-26 - JINDAL STEEL LIMITED has informed the Exchange about Schedule of meet

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - JINDAL STEEL LIMITED has informed the Exchange about Schedule of meet

2026-08-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-10 - JINDAL STEEL LIMITED has informed the Exchange about Schedule of meet

2026-08-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - JINDAL STEEL LIMITED has informed the Exchange about Schedule of meet

2026-08-07

Copy of Newspaper Publication

2026-08-07 - JINDAL STEEL LIMITED has informed the Exchange about Copy of Newspaper Publication

2026-08-06

General Updates

2026-08-06 - JINDAL STEEL LIMITED has informed the Exchange about Business Responsibility and Sustainability Report for the financial year 2025-26

2026-08-06

General Updates

2026-08-06 - JINDAL STEEL LIMITED has informed the Exchange about Tax Transparency Report for the Financial Year 2025-26

2026-08-06

Record Date

2026-08-06 - JINDAL STEEL LIMITED has informed the Exchange that Record date for the purpose of Dividend is 21-Aug-2026.

News

Recent coverage and analyst commentary for JINDALSTEL

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Jindal Steel Ltd.

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Name

JINDALSTEL

1118.30

41.97

114076.45

0.18

843.80

-43.60

15482.13

25.93

8.92

17.18

LLOYDSME

1798.45

21.24

101236.00

0.06

1733.89

170.25

7354.40

209.39

27.59

38.26

JAIBALAJI

65.17

20.30

5945.14

0.00

26.48

-82.71

1353.35

-13.06

9.63

5.31

RSL

189.90

31.86

1586.95

0.26

20.20

144.24

306.54

23.65

31.72

9.37

STEELXIND

12.13

398.57

1547.20

0.00

150.26

—

2697.14

—

11.97

12.70

SALSTEEL

74.64

86.93

1080.54

0.00

30.90

419.21

873.70

584.99

4.89

15.51

VRAJ

125.90

11.56

415.25

0.00

11.51

51.65

193.83

40.14

10.52

11.17

VASWANI

45.00

0.00

148.26

0.00

2.52

—

91.74

—

9.77

5.72

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

12,588

12,250

11,701

13,487

13,618

11,213

11,751

13,183

12,294

11,686

13,027

16,218

15,482

9,960

9,964

8,859

11,042

10,779

9,013

9,567

10,912

9,289

9,605

11,393

13,279

14,296

Operating Profit

2,628

2,286

2,843

2,444

2,839

2,200

2,184

2,271

3,006

2,081

1,634

2,939

1,186

OPM %

20.88%

18.66%

24.29%

18.12%

20.85%

19.62%

18.58%

17.22%

24.45%

17.81%

12.54%

18.12%

7.66%

-1,158

-45

-550

Interest

329

315

321

332

326

313

342

297

371

406

442

548

Depreciation

588

604

636

995

683

696

698

691

722

750

839

862

926

Profit before Tax

1,767

1,385

1,927

1,163

1,859

1,213

1,199

2,018

982

344

1,085

1,205

Tax %

4.23%

-0.42%

-0.05%

19.78%

28.03%

29.08%

20.72%

463.69%

25.86%

35.34%

43.74%

3.03%

29.95%

Net Profit

1,338

860

951

-304

1,496

635

189

1,041

844

16.79

13.81

19.21

9.34

13.31

8.49

9.39

-3.35

14.73

6.28

1.87

10.27

8.30

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

21,051

27,383

39,372

30,465

38,989

51,086

52,711

50,027

49,765

53,225

56,413

16,341

20,914

31,018

23,650

24,648

35,804

42,930

39,872

40,437

44,144

48,573

Operating Profit

4,709

6,469

8,354

6,815

14,340

15,282

9,781

10,154

9,328

9,081

7,840

OPM %

22.37%

23.62%

21.22%

22.37%

36.78%

29.91%

18.56%

20.30%

18.74%

17.06%

13.90%

-61

-391

-1,307

-25

-387

-1,245

-988

404

-677

244

-554

Interest

3,742

4,060

4,368

3,826

3,204

2,006

1,616

1,496

1,531

1,725

1,768

Depreciation

3,949

3,883

5,480

3,429

3,453

2,097

2,691

2,822

2,768

3,171

3,376

Profit before Tax

-3,043

-1,864

-2,802

-465

7,296

9,933

4,485

6,241

4,344

4,413

3,615

Tax %

16.52%

12.86%

13.93%

-23.31%

24.24%

16.59%

28.81%

4.77%

34.48%

23.84%

24.65%

Net Profit

-2,540

-1,624

-2,412

-574

5,527

8,285

3,193

5,943

2,846

3,361

2,724

EPS

-27.73

-15.38

-17.00

-1.08

35.63

56.40

31.54

59.24

27.79

33.09

—

Dividend Payout %

0.00%

4.86%

6.33%

3.38%

7.20%

6.04%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

102

101

100

101

102

Minority Interest

647

440

-526

-776

-878

1,471

313

435

234

942

29,942

30,266

31,941

32,034

31,712

35,524

38,606

44,216

47,084

50,791

43,704

43,327

39,511

38,144

30,141

13,576

13,851

15,154

17,972

21,481

Trade Payables

2,915

4,190

5,204

5,567

4,038

5,252

4,700

4,682

5,713

8,778

16,822

14,367

15,743

17,599

13,036

23,347

17,168

19,736

21,953

23,448

Total Liabilities

94,121

92,687

91,970

92,670

78,152

79,270

74,738

84,322

93,056

1,05,543

65,900

68,444

69,034

69,382

54,350

45,488

43,542

48,384

48,989

64,102

Capital Work in Progress

8,714

3,877

2,906

1,974

890

1,736

7,106

8,872

15,518

7,265

368

146

150

181

1,156

470

907

819

2,201

3,168

3,599

4,960

6,510

6,369

5,943

7,281

5,887

7,077

5,610

8,023

1,665

1,363

1,729

Cash & Bank

477

468

422

906

6,152

3,669

4,717

4,024

4,180

4,142

15,062

14,792

12,949

13,858

9,661

20,626

12,579

13,481

15,196

17,114

Total Assets

94,121

92,687

91,970

92,670

78,152

79,270

74,738

84,322

93,056

1,05,543

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

6,805

7,780

8,997

8,728

11,909

18,008

10,052

6,008

10,824

7,204

Cash from Investing

-1,999

-1,431

-832

-1,476

-1,884

-2,331

-4,090

-8,344

-12,323

-10,734

Cash from Financing

-5,108

-6,276

-8,261

-7,016

-4,612

-15,120

-2,500

1,381

809

2,803

-257

-67

322

5,465

-1,403

757

-955

-689

-727

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

61.19

62.22

62.36

62.37

62.69

12.64

12.19

10.99

9.59

9.76

9.43

9.02

9.19

8.84

15.34

16.05

17.26

17.67

18.09

18.74

19.10

19.14

19.52

Government

0.00

10.84

10.57

10.52

9.79

9.46

9.20

8.97

8.94

Jindal Steel Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Jindal Steel Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI