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As of 6 Nov 2026, Jindal Steel trades at 41.5× trailing earnings, above the industry P/E of 19.9×, and the shares are 11% below their 52-week high. Its ROCE of 7.5% is the second-lowest among the 7 largest Steel peers, and sales and net profit fell 13% and 5.4% a year over 3 years. Its dividend yield is 0.2%, and debt is 0.42× equity. It is a large-cap company with a market cap of ₹1.2 lakh crore, ranked 3rd of 150 Steel companies by market cap; the shares rose 6.4% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,144.00
Day high
₹1,165.80
Day low
₹1,133.50
Prev. close
₹1,149.90
Volume
11.1 L

Health check

1 fair · 5 to check
  • ReturnsBehind

    +6.4% over a year, better than 2 of 7 peers.

  • Price tagPricier

    P/E 41.5 vs industry 19.9.

  • GrowthShrinking

    Sales −13.1%, profit −5.4% a year over 3 years.

  • ProfitabilityWeak

    ROCE 7.5% vs peer median 19.4%.

  • Balance sheetFair

    Debt 0.42× equity, interest covered 3.8×, Piotroski 5 of 9.

  • Red flags2 to check

    Return on equity is low at 5.5%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Large cap

₹1.2L Cr, #3 of 150 in its industry by size.

Defensive

Beta 0.66 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹61,405 Cr · profit ₹2,854 Cr
Market cap
₹1.2L Cr
Large cap
P/E
41.5
Industry 19.9
Price to book
2.26
Peers 2.92
Dividend yield
0.17%
ROE
5.5%
Peers 24.5%
ROCE
7.5%
Peers 19.4%
Debt to equity
0.42
Debt ₹22,354 Cr
EPS (TTM)
₹28.05
Face value ₹1
OPM (TTM)
15.0%
Net margin 4.6%
Sales growth
+42.7%
Latest quarter vs a year ago
Profit growth
+21.2%
Latest quarter vs a year ago
Price to sales
1.93
EV/EBITDA 14.6

Strengths and risks

Strengths

  • Quarterly profit up 21.2% on a year ago.
  • Quarterly sales up 42.7% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 5.5%.
  • P/E of 41.5 against an industry P/E of 19.9.

Derived automatically from reported figures. Not a recommendation.

About Jindal Steel

Jindal Steel Limited manufactures steel in India and internationally. It offers TMT rebars under the Jindal Panther brand; structural sections, rails, wire rods, round bars, and cut and bend rebars; and flat products, such as hot rolled coils, cast rounds, cold rolled and coated products, plates and coils, rockhard plates, and hollow sections. The company also provides semi-finished and specialized products, including cathode bars, fabricated sections,…

Headquarters
New Delhi
Employees
5,796
Sector
Basic Materials
ISIN
INE749A01030
Website
jindalsteel.in

Price range

52 weeks

₹977.10₹1,306.20

Today

₹1,133.50₹1,165.80
Avg volume (3M)
9.9 L
1-year return
plus 6.4%
From 52-week high
minus 10.8%

Analyst consensus

31 analysts
BuyMean target ₹1,206.48 plus 3.6%

Target range, with today’s price

Low ₹620.00High ₹1,400.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
WELCORPWelspun Corp2,204.90minus 7.57%58,14424.624.119.5%14.4%0.1019.5%plus 157.9%
Median of 7 peers–−0.41%70,88019.112.219.4%15.2%0.5012.6%23.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
12,34213,09016,27615,55316,739
9,33711,45613,89712,89214,167
3,0061,6342,3782,6602,572
24.4%12.5%14.6%17.1%15.4%
30.44.881718.824.2
297406442548566
722839862926947
–−54.6−817––
2,0183391,0741,2051,084
25.9%44.4%3.1%30.0%28.9%
1,4941901,045845774
14.731.8710.278.308.46

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−13.1%
Profit CAGR 3Y
−5.4%
EPS CAGR 3Y
+1.6%
ROE
5.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
66,32041,92341,28343,561
–minus 36.8%minus 1.5%+5.5%
56,55532,10831,97934,382
9,7669,8159,3049,180
14.7%23.4%22.5%21.1%
43.4103286657
1,3151,2811,4071,596
2,6912,4592,7683,171
−1,31862.9−1,071−655
4,4856,2414,3444,413
28.8%4.8%34.5%23.8%
3,9745,9382,8123,367
–+49.4%minus 52.6%+19.7%
31.5459.1527.8333.12

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
101100101102
38,60644,21647,08450,797
13,04616,47218,40622,610
17,68917,92720,24824,253
69,44278,71585,83997,762
52,20358,89965,42072,190
8,78310,63516,5458,201
115132151435
5,0894,4605,5204,518
3,2534,589−1,79712,418
69,44278,71585,83997,762

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
7,3476,00810,8247,204
−4,090−8,344−12,323−10,734
−2,5001,3818092,803
757−955−689−727
−6,448−8,517−10,607−9,574
899−2,509217−2,370
−205−200−200−204

Shareholding pattern

Source: NSE filings
62.7%
promoters
  • Promoters62.69%
  • Public37.10%
  • Employee trusts0.21%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202662.69%37.10%0.00
30 Jun 202662.69%37.09%0.00
31 Mar 202662.69%37.05%0.00
31 Dec 202562.69%37.05%plus 0.32
30 Sep 202562.37%37.38%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you