JSW Steel vs Jindal Steel: share price, P/E, ROE and financials compared
JSW Steel
Jindal Steel
JSW Steel and Jindal Steel at a glance
JSW Steel and Jindal Steel are both listed in Metals & Mining. JSW Steel is the larger by market cap, at ₹3.3L Cr against ₹1.2L Cr for Jindal Steel (2.8 times as large). On valuation, JSW Steel has the lower P/E (11.7× against 41.5×), while Jindal Steel has the lower price-to-book (2.26× against 2.92×). On returns and margins, JSW Steel has the higher ROCE (18.7% against 7.5%), the higher ROE (31.9% against 5.5%) and the higher operating margin (17.7% against 15.9%). Over three years, JSW Steel has faster 3-year sales growth (+3.6% against −13.1% a year) and faster 3-year profit growth (+75.3% against −5.4% a year). Jindal Steel carries less debt for its equity, with a debt-to-equity of 0.42× against 0.62×.
Key metrics, side by side
| Metric | JSW SteelJSWSTEEL | Jindal SteelJINDALSTEL |
|---|---|---|
| Price (₹) | 1,357.10 | 1,165.00 |
| Market cap (₹ Cr) | 3,31,265 | 1,18,594 |
| P/E | 11.7× (the lower figure, shaded) | 41.5× |
| P/B | 2.92× | 2.26× (the lower figure, shaded) |
| Dividend yield, trailing | 0.52% (the higher figure, shaded) | 0.17% |
| ROE | 31.9% (the higher figure, shaded) | 5.5% |
| ROCE | 18.7% (the higher figure, shaded) | 7.5% |
| Operating margin (OPM) | 17.7% (the higher figure, shaded) | 15.9% |
| Net margin (NPM) | 14.3% (the higher figure, shaded) | 4.6% |
| Sales CAGR 3Y | +3.6% (the higher figure, shaded) | −13.1% |
| Profit CAGR 3Y | +75.3% (the higher figure, shaded) | −5.4% |
| Debt to equity | 0.62× | 0.42× (the lower figure, shaded) |
| Interest cover | 4.5× (the higher figure, shaded) | 3.8× |
| Net profit TTM (₹ Cr) | 28,439 | 2,854 |
| 1Y return | +14.7% (the higher figure, shaded) | +6.4% |
| Promoter holding | – | – |
JSW Steel vs Jindal Steel: common questions
Which is bigger, JSW Steel or Jindal Steel?
By market cap, JSW Steel is bigger at ₹3.3L Cr, against ₹1.2L Cr for Jindal Steel (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹28,439 Cr for JSW Steel and ₹2,854 Cr for Jindal Steel.
Which has a lower P/E ratio, JSW Steel or Jindal Steel?
JSW Steel trades at a P/E of 11.7× and Jindal Steel at 41.5×. JSW Steel has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, JSW Steel or Jindal Steel?
JSW Steel reports a return on equity of 31.9% and Jindal Steel 5.5%. JSW Steel has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, JSW Steel or Jindal Steel?
Over the last three years: Sales grew +3.6% a year at JSW Steel and −13.1% at Jindal Steel, so JSW Steel grew sales faster; profit grew +75.3% a year at JSW Steel and −5.4% at Jindal Steel, so JSW Steel grew profit faster. Past growth doesn’t predict future growth.