Tata Steel vs Jindal Steel: share price, P/E, ROE and financials compared
Tata Steel
Jindal Steel
Tata Steel and Jindal Steel at a glance
Tata Steel and Jindal Steel are both listed in Metals & Mining. Tata Steel is the larger by market cap, at ₹2.3L Cr against ₹1.2L Cr for Jindal Steel (2.0 times as large). On valuation, Tata Steel has the lower P/E (21.1× against 41.5×). On returns and margins, Tata Steel has the higher ROCE (11.3% against 7.5%) and the higher ROE (11.2% against 5.5%), while Jindal Steel has the higher operating margin (15.9% against 15.2%). Over three years, Tata Steel has faster 3-year sales growth (−1.6% against −13.1% a year) and faster 3-year profit growth (+7.2% against −5.4% a year). Jindal Steel carries less debt for its equity, with a debt-to-equity of 0.42× against 0.89×.
Key metrics, side by side
| Metric | Tata SteelTATASTEEL | Jindal SteelJINDALSTEL |
|---|---|---|
| Price (₹) | 186.30 | 1,165.00 |
| Market cap (₹ Cr) | 2,32,397 | 1,18,594 |
| P/E | 21.1× (the lower figure, shaded) | 41.5× |
| P/B | 2.28× | 2.26× |
| Dividend yield, trailing | 2.15% (the higher figure, shaded) | 0.17% |
| ROE | 11.2% (the higher figure, shaded) | 5.5% |
| ROCE | 11.3% (the higher figure, shaded) | 7.5% |
| Operating margin (OPM) | 15.2% | 15.9% (the higher figure, shaded) |
| Net margin (NPM) | 4.6% | 4.6% |
| Sales CAGR 3Y | −1.6% (the higher figure, shaded) | −13.1% |
| Profit CAGR 3Y | +7.2% (the higher figure, shaded) | −5.4% |
| Debt to equity | 0.89× | 0.42× (the lower figure, shaded) |
| Interest cover | 3.2× | 3.8× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 11,035 | 2,854 |
| 1Y return | +1.5% | +6.4% (the higher figure, shaded) |
| Promoter holding | – | 62.69% |
Tata Steel vs Jindal Steel: common questions
Which is bigger, Tata Steel or Jindal Steel?
By market cap, Tata Steel is bigger at ₹2.3L Cr, against ₹1.2L Cr for Jindal Steel (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹11,035 Cr for Tata Steel and ₹2,854 Cr for Jindal Steel.
Which has a lower P/E ratio, Tata Steel or Jindal Steel?
Tata Steel trades at a P/E of 21.1× and Jindal Steel at 41.5×. Tata 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, Tata Steel or Jindal Steel?
Tata Steel reports a return on equity of 11.2% and Jindal Steel 5.5%. Tata Steel has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Tata Steel or Jindal Steel?
Over the last three years: Sales grew −1.6% a year at Tata Steel and −13.1% at Jindal Steel, so Tata Steel grew sales faster; profit grew +7.2% a year at Tata Steel and −5.4% at Jindal Steel, so Tata Steel grew profit faster. Past growth doesn’t predict future growth.