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Jindal Stainless Limited

Jindal Stainless Limited

NSE: JSL
SteelBasic MaterialsLARGE CAPMCap ₹60.69k Cr
₹736.55₹11.90 (+1.64%)

Market Closed • NSE

Market cap₹60.69k Cr
Enterprise value₹64.31k Cr
P/E TTM18.71
Forward P/E14.26
P/B3.07
EPS TTM₹39.37
Forward EPS₹51.67
D/E0.38
Dividend yield0.01%
52W high₹884.00
52W low₹652.25
Price chart(1Y)
1Y Return:+6.05% (+₹42.00)
H: ₹794L: ₹674.35
1W+4.19%
1M+1.67%
3M-0.34%
6M-5.06%
1Y-6.95%
Today at a glance

Day range

₹717.00₹739.40

52 week range

₹652.25₹884.00
Volume442.7K0.54x 20D avg
Free float50.00%-45.90% volume

Jindal Stainless Limited closed at INR736.55 (+1.64%) on volume 0.54x its 20-day average, trading 16.68% below its 52-week high.

Technical analysis
RSI (14)52.0Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹20.80Moderate
SMA 20₹734.91BULLISH
SMA 50₹732.16BULLISH
SMA 100₹719.83BULLISH
SMA 200₹742.79BEARISH
CPR bottom₹719.50
Pivot₹721.22
CPR top₹722.93
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -8.8% QoQ

2026-08-21

DIVIDEND Announced

Dividend - Rs 3 Per Share

2026-01-29

DIVIDEND Announced

Interim Dividend - Re 1 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹7.46k Cr₹60.69k Cr12.29%≤ 33%PASS
Non-halal income ratio–₹42.95k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹40.29k Cr₹40.70k Cr98.98%≥ 20%PASS
Receivables ratio–₹40.70k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E18.7121.90
Forward P/E14.26—
P/B3.072.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield5.304.60
Growth & profitability
RevenuePAT
FY24PAT margin 7.00%
FY25PAT margin 6.40%
FY26PAT margin 7.40%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+3.00%
Revenue CAGR 5Y+2.30%
PAT CAGR 3Y+8.40%
PAT CAGR 5Y+3.30%
Operating margin9.10%
Net margin7.38%
Financial health & cash flow
Net debt₹7.05k CrModerate
Interest coverage7.90xEBIT / interest
CFO / PAT1.42x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹3.39k Cr
Capital expenditure–
Free cash flow₹736.8 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall68/100
Valuation60/100
Profitability50/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.38x

High Cash Flow Conversion: CFO/PAT averaged 1.42x over last 3 years

Attractive Valuation: P/E of 18.7x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Steel.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
21 Aug 2026Dividend₹3.00 / share—21 Aug 2026
29 Jan 2026Dividend₹1.00 / share—29 Jan 2026
22 Aug 2025Dividend₹2.00 / share—22 Aug 2025
08 Feb 2025Dividend₹1.00 / share—07 Feb 2025
—Annual General MeetingAnnual General Meeting—03 Sept 2024
30 Aug 2024Dividend₹2.00 / share—30 Aug 2024
28 Oct 2023Dividend₹1.00 / share—27 Oct 2023
—Dividend₹1.50 / share—15 Sept 2023
28 Apr 2023Dividend₹1.00 / share—28 Apr 2023
—Annual General MeetingAnnual General Meeting—21 Sept 2022
—Annual General MeetingAnnual General Meeting—08 Sept 2021
—Annual General MeetingAnnual General Meeting—13 Aug 2020
—Annual General MeetingAnnual General Meeting—21 Aug 2019
—Annual General MeetingAnnual General Meeting—12 Sept 2018
—Annual General MeetingAnnual General Meeting—13 Sept 2017
—Annual General MeetingAnnual General Meeting—15 Dec 2016
—Annual General MeetingAnnual General Meeting—11 Dec 2015
21 Nov 2015Composite Scheme Of ArrangementComposite Scheme Of Arrangement—19 Nov 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)58.89%+1.16% latest vs average
Highest delivery70.35%on 13 Oct
Average volume (20D)818.5KTrading-session average
Conviction trendStrengthening+1.16% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.21L37.592.21%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About Jindal Stainless Limited
Jindal Stainless Limited

Jindal Stainless Limited manufactures and sells stainless-steel flat products in India and internationally. The company provides ferro alloys, stainless steel slabs and blooms, hot rolled coils, plates and sheets, and cold rolled coils and sheets, as well as razor-blade steel, precision strips, and long products. It serves automobile, railway and transport, process and engineering, consumer durables, and architecture building construction sectors. Jindal Stainless Limited was founded in 1970 and is based in New Delhi, India.

IndiaBasic Materials

Questions investors ask
Is Jindal Stainless Limited Shariah compliant?

Jindal Stainless Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (12.29%) complies with AAOIFI threshold (≤ 33%).

What is Jindal Stainless Limited's current valuation relative to peers?

Jindal Stainless Limited trades at a P/E of 18.7x compared to the sector median of 21.9x, and a Price-to-Book of 3.1x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.38x. Interest coverage is 7.9x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 2.3% while net profit growth averaged 3.3%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.