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On 6 Nov 2026, Jindal Stainless was priced at ₹698.80, or 17.3× trailing earnings, against an industry P/E of 19.9×, and the shares are 21% below their 52-week high. Sales and net profit grew 6.4% and 15% a year over 3 years, with ROCE of 18% and ROE of 17%. Debt is 0.36× equity, and its dividend yield is 0.6%. It is a mid-cap company with a market cap of ₹57,578 Cr, ranked 9th of 150 Steel companies by market cap; the shares fell 7.1% 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
₹685.00
Day high
₹701.00
Day low
₹665.75
Prev. close
₹685.85
Volume
6 L

Health check

2 good · 3 fair · 1 to check
  • ReturnsBehind

    −7.1% over a year, better than 0 of 7 peers.

  • Price tagIn line

    P/E 17.3 vs industry 19.9.

  • GrowthSteady

    Sales +6.4%, profit +14.7% a year over 3 years.

  • ProfitabilityAverage

    ROCE 17.8% vs peer median 18.7%.

  • Balance sheetSolid

    Debt 0.36× equity, interest covered 9.3×, Piotroski 6 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

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

Steel

149 listed peers. Screen the industry

Mid cap

₹57,578 Cr, #9 of 150 in its industry by size.

Defensive

Beta 0.56 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹46,007 Cr · profit ₹3,336 Cr
Market cap
₹57,578 Cr
Mid cap
P/E
17.3
Industry 19.9
Price to book
2.71
Peers 2.28
Dividend yield
0.57%
ROE
16.9%
Peers 23.4%
ROCE
17.8%
Peers 18.7%
Debt to equity
0.36
Debt ₹7,645 Cr
EPS (TTM)
₹40.43
Face value ₹2
OPM (TTM)
12.2%
Net margin 7.3%
Sales growth
+18.2%
Latest quarter vs a year ago
Profit growth
+10.9%
Latest quarter vs a year ago
Price to sales
1.25
EV/EBITDA 11.3

Strengths and risks

Strengths

  • Quarterly sales up 18.2% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Jindal Stainless

Jindal Stainless Limited manufactures and sells stainless-steel flat products in India and internationally. The company offers ferro alloys, stainless steel slabs and blooms, hot rolled coils, plates and sheets, and cold rolled coils and sheets; specialty products, including razor-blade steel, coin blanks, and precision strips; and long products, such as decorative stainless-steel pipes, rebars, and wire rods. It serves the automotive and transport,…

Headquarters
New Delhi
Employees
6,838
Sector
Basic Materials
ISIN
INE220G01021
Website
jindalstainless.com

Price range

52 weeks

₹652.25₹884.00

Today

₹665.75₹701.00
Avg volume (3M)
7.6 L
1-year return
minus 7.1%
From 52-week high
minus 21.0%

Analyst consensus

16 analysts
Strong buyMean target ₹858.00 plus 22.8%

Target range, with today’s price

Low ₹789.00High ₹1,000.00

Today’s price ₹698.80 is below the lowest analyst target.

Next results expected around 21 Jan 2027

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%
JSLJindal Stainless698.80plus 1.89%57,57817.311.517.8%12.2%0.366.4%minus 7.1%
Median of 7 peers–−0.01%1,00,48219.112.218.7%15.9%0.503.6%14.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
10,89310,51811,33711,27912,874
9,5059,1109,8829,94911,441
1,3881,4081,4551,3291,433
12.7%13.4%12.8%11.8%11.1%
75.910792.3153116
141134149146165
262269278302299
17.4−30.1−8.4–116
1,0781,0821,1121,0341,201
25.1%23.5%25.0%25.6%25.3%
807829844769895
9.7810.0510.229.3210.84

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+6.4%
Profit CAGR 3Y
+14.7%
EPS CAGR 3Y
+14.6%
ROE
16.9%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
35,57438,41439,19142,839
–+8.0%+2.0%+9.3%
32,05333,89634,67637,338
3,5214,5184,5145,501
9.9%11.8%11.5%12.8%
237307308372
269477537514
7248799561,060
8.81229.4−56.9
2,7743,5923,3394,242
24.9%25.0%25.1%24.9%
2,1152,7132,5053,193
–+28.3%minus 7.7%+27.5%
25.6832.9430.4138.70

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
165165165165
11,76614,19316,52319,627
3,9586,0526,4027,460
11,22610,40713,06813,452
27,11530,81736,15840,704
9,94013,33615,19018,615
9241,2902,0942,375
14.912343635
9501,8712,5451,971
15,28614,30815,98717,108
27,11530,81736,15840,704

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
3,0964,8184,7183,395
−2,482−3,340−3,439−3,506
−386−829−1,882−112
228649−603−223
−1,656−1,475−1,885−2,658
1,4403,3432,833737
–−286−245−245

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 17.0% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you