Jindal Steel Ltd logo

Jindal Steel Ltd

JINDALSTEL NSE

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]

AI Verdict: HOLD Confidence: 5%

Jindal Steel trades at a PE of 34.3x with modest 8% ROE and flat 3-year profit CAGR of just 1%, suggesting the stock is priced for growth that earnings have not yet delivered. Strong analyst consensus (67% buy) and impressive stock CAGR of 25% over 3 years provide support, but weak sales growth and low dividend payout limit near-term upside.

Key Fundamentals

LargecapIron & SteelMetals & Mining
Market Cap
1.1L Cr
Volatility
Low Risk
P/E Ratio
32.09
EBITDA
₹8,773 Cr
Return on Equity
13.28%
Debt to Equity
0.38
Book Value
₹498.97
EPS
₹54.82
52W High
₹1,306.2
52W Low
₹914.6

Technical Indicators

Key Insights

Weaknesses

3
  • The company has delivered a poor sales growth of 9.01% over past five years.
  • Company has a low return on equity of 9.84% over last 3 years.
  • Dividend payout has been low at 5.54% of profits over last 3 years

Growth Rate

Revenue Growth
5.82% ↘
Net Income Growth
32.86% ↘
Cash Flow Change
80.15% ↗
ROE
-54.82% ↘
ROCE
-32.11% ↘
EBITDA Margin (Avg.)
-14.73% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
HOLD
Risk high

Jindal Steel trades at a PE of 34.3x with modest 8% ROE and flat 3-year profit CAGR of just 1%, suggesting the stock is priced for growth that earnings have not yet delivered. Strong analyst consensus (67% buy) and impressive stock CAGR of 25% over 3 years provide support, but weak sales growth and low dividend payout limit near-term upside.

Bull Case 7
  • Strong analyst consensus with 66.67% buy ratings out of 30 analysts covering the stock
  • Impressive stock price CAGR of 25% over 3 years and 33% over 10 years, demonstrating sustained wealth creation
  • TTM profit growth of 15% indicates improving earnings momentum in the recent period
  • Market cap of Rs 114,913 Cr reflects large-cap stability and institutional interest in the commodities space
  • 10-year compounded sales growth of 11% shows long-term revenue expansion capability
  • 5-year ROE of 11% is reasonable for a capital-intensive steel business and shows gradual improvement
  • Only 13.33% of analysts have a sell rating, suggesting limited downside consensus
Bear Case 8
  • PE ratio of 34.3x is elevated for a cyclical steel company with volatile earnings
  • 3-year compounded profit growth of just 1% does not justify the premium valuation
  • Poor 5-year sales growth of only 9.01% in a capital-intensive commodity business
  • Low 3-year ROE of 9.84% indicates suboptimal capital efficiency for shareholders
  • Dividend payout of only 5.54% of profits over 3 years with a yield of just 0.18%, offering minimal income to investors
  • 3-year compounded sales growth of 0% shows revenue stagnation in the medium term
  • Last year ROE dropped to 8% from the 3-year average of 10%, suggesting declining return on capital
  • 5-year compounded profit growth of only 1% signals persistent earnings volatility typical of commodity cycles

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Positives 1
  • Director appointments approved Jun 19

    Shareholders approved appointment of Debojyoti Roy as Director and Wholetime Director, and re-appointment of Damodar Mittal as Wholetime Director via postal ballot, ensuring governance continuity.

Neutral 3
  • Meeting with SBI MF Jun 22

    Jindal Steel scheduled a one-on-one meeting with SBI MF in Gurgaon on June 25, 2026, under SEBI regulations.

  • Meeting with Kotak MF Jun 9

    Jindal Steel scheduled a virtual one-on-one meeting with Kotak MF on June 12, 2026, under SEBI regulations.

  • J.P. Morgan conference participation May 30

    Jindal Steel to participate in J.P. Morgan Asia Credit Conference in Singapore on June 3, 2026, with group and one-on-one sessions with analysts and institutional investors.

TL;DR: No negative developments in the recent news flow for Jindal Steel. The company is actively engaging institutional investors including SBI MF, Kotak MF, and participants at the J.P. Morgan Asia Credit Conference, signaling strong investor relations activity. Governance stability is reinforced by shareholder-approved director appointments. The sustained institutional engagement suggests management confidence in the company's outlook heading into mid-2026.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
13,692
12,588
12,250
11,701
13,487
13,618
11,213
11,751
13,183
12,294
11,686
13,027
16,218
Expenses
11,505
9,960
9,965
8,859
11,042
10,779
9,013
9,567
10,922
9,289
9,605
11,398
13,289
Operating Profit
2,187
2,628
2,285
2,843
2,444
2,839
2,200
2,184
2,262
3,006
2,081
1,629
2,929
OPM %
16%
21%
19%
24%
18%
21%
20%
19%
17%
24%
18%
13%
18%
Other Income
-138
55
32
35
35
34
35
26
-1,158
30
22
-45
-550
Interest
371
329
329
315
321
332
326
313
342
297
371
406
442
Depreciation
873
588
604
636
995
683
696
698
691
722
750
839
862
PBT
805
1,767
1,384
1,927
1,164
1,859
1,213
1,199
72
2,018
982
339
1,074
Tax %
42%
4%
0%
0%
20%
28%
29%
21%
523%
26%
35%
44%
3%
Net Profit
466
1,692
1,390
1,928
933
1,338
860
951
-304
1,496
635
189
1,041
EPS in Rs
4.53
16.54
13.6
18.9
9.17
13.14
8.44
9.32
-3.33
14.65
6.26
1.87
10.24
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
19,359
19,469
21,603
33,286
46,966
37,923
34,579
51,166
53,212
50,354
50,129
53,225
Expenses
13,919
16,032
16,894
26,817
38,553
31,092
21,472
35,650
43,270
40,153
40,640
43,581
Operating Profit
5,440
3,437
4,709
6,469
8,412
6,831
13,107
15,515
9,942
10,202
9,488
9,644
OPM %
28%
18%
22%
19%
18%
18%
38%
30%
19%
20%
19%
18%
Other Income
-1,644
-79
-362
-584
-1,470
74
-1,861
-1,840
-539
156
-1,065
-543
Interest
2,606
3,254
3,441
3,866
4,264
3,768
2,753
1,888
1,446
1,294
1,312
1,517
Depreciation
2,733
4,068
3,949
3,883
5,480
3,429
2,414
2,097
2,691
2,822
2,768
3,171
PBT
-1,543
-3,964
-3,043
-1,864
-2,802
-291
6,078
9,690
5,266
6,241
4,344
4,413
Tax %
-6%
-22%
-17%
-13%
-14%
37%
30%
30%
25%
5%
34%
24%
Net Profit
-1,452
-3,087
-2,538
-1,616
-2,412
-400
4,267
6,766
3,974
5,943
2,846
3,361
EPS in Rs
-13.97
-32.42
-24.93
-14.56
-17
-1.07
35.62
56.4
31.11
58.21
27.57
33.01
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
5%
6%
3%
7%
6%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
91
91
92
97
97
102
102
101
100
100
101
102
Reserves
20,951
32,345
29,959
30,288
31,988
32,035
31,713
35,524
38,606
44,216
47,084
50,797
Borrowings
42,466
46,797
45,850
42,962
39,559
36,824
29,910
13,502
13,046
16,472
18,406
22,610
Other Liabilities
12,028
13,166
14,674
15,884
17,357
20,780
16,116
27,517
17,674
17,888
20,175
24,253
Total Liabilities
75,537
92,398
90,575
89,230
89,001
89,742
77,840
76,644
69,427
78,676
85,766
97,762
Fixed Assets
46,643
65,038
65,932
68,450
69,039
69,382
54,350
45,488
43,542
48,384
48,989
65,209
CWIP
9,068
11,827
9,716
4,978
4,027
3,126
1,712
2,538
7,870
9,611
16,725
7,265
Investments
1,785
392
368
146
150
181
1,156
470
907
819
2,201
3,168
Other Assets
18,040
15,142
14,559
15,657
15,784
17,054
20,624
28,147
17,108
19,862
17,851
22,120
Total Assets
75,537
92,398
90,575
89,230
89,001
89,742
77,840
76,644
69,427
78,676
85,766
97,762
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,182
4,333
6,850
7,724
9,027
8,814
11,961
16,048
7,347
6,008
10,824
7,204
Investing
-6,717
-2,262
-1,998
-1,431
-832
-1,476
-1,884
-2,331
-4,090
-8,344
-12,323
-10,734
Financing
5,708
-2,672
-5,108
-6,276
-8,261
-7,016
-4,612
-15,120
-2,500
1,381
809
2,803
Net Cash Flow
173
-601
-256
17
-67
322
5,465
-1,403
757
-955
-689
-727
Free Cash Flow
-3,868
480
4,496
6,103
7,837
7,308
11,124
13,176
945
-2,418
334
-2,343
CFO/OP
28
127
144
120
107
128
91
116
101
66
130
89
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
32
27
29
20
24
34
30
9
7
12
10
12
Inventory Days
323
181
185
191
146
207
196
130
87
117
87
115
Days Payable
137
129
150
162
117
181
133
94
69
78
88
126
Cash Conversion Cycle
218
79
64
50
53
60
92
45
24
52
8
1
Working Capital Days
87
-83
-141
-62
-58
-79
-65
-1
-38
-21
-35
3
ROCE %
5%
-1%
1%
3%
4%
5%
17%
24%
14%
13%
11%
10%

Shareholding Pattern

As of Mar 2026
Promoters 62.69%
DIIs 19.13%
FIIs 9.20%
Public 5.68%
Others 3.30%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
60.47%
60.47%
60.47%
60.44%
60.45%
60.44%
61.20%
61.20%
61.20%
61.20%
61.20%
61.20%
61.20%
61.19%
61.19%
61.19%
62.22%
62.36%
62.37%
62.69%
62.69%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
12.23%
0.00%
11.93%
12.63%
12.19%
10.99%
9.59%
9.76%
9.43%
9.02%
9.20%
DIIs
16.36%
14.47%
14.85%
16.66%
17.11%
15.46%
14.57%
14.18%
13.91%
14.38%
15.22%
14.69%
14.73%
15.34%
16.05%
17.26%
17.72%
18.09%
18.74%
19.09%
19.13%
Government
0.43%
0.73%
0.73%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
8.19%
9.28%
9.18%
8.77%
7.65%
7.81%
7.26%
6.45%
6.30%
6.25%
6.29%
6.28%
6.26%
6.45%
6.42%
6.42%
6.36%
6.36%
6.06%
5.86%
5.68%
Others
14.55%
15.04%
14.77%
14.12%
14.79%
16.28%
16.97%
18.17%
18.60%
18.18%
5.07%
17.84%
5.88%
4.38%
4.15%
4.15%
4.11%
3.43%
3.40%
3.33%
3.30%
No. of Shareholders
0
1,76,106
2,70,135
3,04,802
2,99,954
2,56,046
3,01,830
2,72,333
2,35,473
2,30,774
2,38,054
2,50,732
2,59,991
2,80,533
2,87,902
2,98,258
3,05,285
3,02,190
2,90,386
2,82,086
2,71,333

Documents

1
Concall - Apr 2017 Apr 2017
2
Concall - Apr 2017 Apr 2017
3
Concall - Nov 2017 Nov 2017
4
Concall - Jan 2018 Jan 2018
5
Concall - Feb 2018 Feb 2018

Frequently Asked Questions about Jindal Steel Ltd

What does Jindal Steel Ltd do?
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 Z...
Where is Jindal Steel Ltd (JINDALSTEL) listed?
Jindal Steel Ltd is listed on the Indian stock exchanges. It is listed on NSE: JINDALSTEL and BSE: 532286. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Jindal Steel Ltd belong to?
Jindal Steel Ltd operates in the Commodities sector within the Ferrous Metals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Jindal Steel Ltd?
Jindal Steel Ltd has a market capitalisation of approximately ₹110944.78 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Jindal Steel Ltd?
The Price-to-Earnings (PE) ratio of Jindal Steel Ltd is 32.09. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Jindal Steel Ltd?
Over the past 52 weeks, Jindal Steel Ltd has traded between a low of ₹914.6 and a high of ₹1,306.2. This range helps investors understand the stock's price volatility and recent trading levels.
Does Jindal Steel Ltd pay dividends?
Yes, Jindal Steel Ltd has a dividend yield of 0.18%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Jindal Steel Ltd?
Jindal Steel Ltd has a Return on Equity (ROE) of 13.28%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Jindal Steel Ltd on Tapetide?
On Tapetide, you can view Jindal Steel Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website jindalsteelpower.com
Listed 1999-09-29
Face Value ₹ 1
Issued Size 1,02,00,88,097

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