JSLMetals & Mining

Jindal Stainless Limited

Iron & Steel · ISIN INE220G01021 · BSE 532508 · NSE EQ · FV ₹2
Last price
₹724
-0.88%today
What this company does

Jindal Stainless Limited operates in Iron & Steel, part of the Metals & Mining sector. It booked ₹11,279 cr of revenue in its latest quarter (Q1 FY27) and kept 6.8% of sales as profit. It is the 5th largest of 9 Iron & Steel companies we track, by market value.

50out of 100
Equitytale Health Score
Mixed

Healthier than 50% of companies in Metals & Mining, on all six measures of filed financials. Each measure is ranked against the 7–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns39

How much profit it earns on the money it employs

Balance sheet42

How much it owes, and whether earnings cover the interest

Cash quality70

Whether reported profit actually arrives as cash

Growth & consistency53

Whether sales and profit have grown, and how steadily

Valuation27

What today's price implies, against our models or its peers

Governance & risk97

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 10% vs last year
Profit up 8% vs last year
Promoters hold 62%
Strong 16% return on equity
Turns profit into real cash
Watch-outs
! Thin 6.8% net margin
! 0.6% of promoter stake pledged

What if I invest in JSL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹724 -0.88%
latest close · 2026-09-17
1-year return
+401.2%
52-wk low ₹9552-wk high ₹794
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio19.4Average
LowAverageHigh
P/B ratio3.02High
Below bookModerateHigh
EV / EBITDA11.2Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.5%Strong
WeakFairStrong ▸15%
Return on capital17.6%Strong
WeakFairStrong
Net margin6.8%Decent
ThinDecentStrong
EBITDA margin13.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.37Comfortable
LowModerateHigh ▸1
Interest cover8.1×Strong
RiskyOkayStrong ▸5×
Current ratio1.24Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹59,702 cr
Book value
₹240
EPS
₹9.34
latest quarter
Net debt
₹6,926 cr
owes more than its cash
Enterprise value
₹66,628 cr
EBITDA
₹5,929 cr
annualised
EBIT
₹4,719 cr
annualised
Operating margin
10.5%
Return on assets
7.6%
Earnings yield
5.16%
P/S
1.32
Sales / share
₹547.4
Tax rate
25.6%
Face value
₹2
Shares
82.4 cr
Working capital
₹3,389 cr
Current assets
₹17,313 cr
Current liabilities
₹13,924 cr
Delivery %
54.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedHigh confidence
Median of 3 models ₹435 vs market price ₹724 — price is 67% above it
Safety cushion-66.5%(target ≥ +20%)
Models span ₹422₹530, midpoint ₹435
Model ₹435
Price ₹724
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹11,279 cr
Other Income₹118 cr
Total Income₹11,397 cr
Cost of Materials₹7,861 cr
Purchases of Stock-in-Trade₹20 cr
Inventory Change (±)₹-812 cr
Employee Benefit Expense₹293 cr
Finance Costs₹146 cr
Depreciation & Amortisation₹302 cr
Other Expenses₹2,553 cr
Total Expenses₹10,363 cr
Profit before Tax₹1,034 cr
Tax Expense₹265 cr
Net Profit₹769 cr
Net margin on total income6.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹7,069 cr62.0%
Employee benefit expense₹293 cr2.6%
Finance costs₹146 cr1.3%
Depreciation & amortisation₹302 cr2.7%
Other expenses₹2,553 cr22.4%
Tax expense₹265 cr2.3%
Profit for the period₹769 cr6.7%
Total income ₹11,397 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue10,518 cr11,337 cr11,279 cr
Total income10,620 cr11,428 cr11,397 cr
Expenses9,507 cr10,270 cr10,363 cr
Profit before tax1,082 cr1,112 cr1,034 cr
Tax255 cr278 cr265 cr
Net profit (owners' share)829 cr844 cr769 cr
Net margin (owners' share, on revenue)7.9%7.4%6.8%
EPS (₹)10.0610.249.34
YoY (latest quarter): total income +10.9% · net profit +7.7%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹40,704 cr
Shareholder equity
₹19,791 cr
parent shareholders
Total debt
₹7,342 cr
Cash
₹415 cr
Cash flow · H1 FY26
Operating
₹2,183 cr
Investing
₹-1,843 cr
Financing
₹-356 cr
Peer comparison
Iron & Steel · by market value
CompanyPriceMarket capP/E
JSW Steel Limited₹1,253₹3.06 L cr16.4
Tata Steel Limited₹187₹2.34 L cr25.2
JINDAL STEEL LIMITED₹1,128₹1.15 L cr34.0
Steel Authority of India Limited₹175₹72,288 cr11.0
Jindal Stainless Limitedthis company₹724₹59,702 cr19.4
Sarda Energy & Minerals Limited₹507₹17,865 cr9.7
Vedanta Iron and Steel Limited₹32₹12,442 cr27.4
NMDC Steel Limited₹42₹12,203 cr54.8
Sandur Manganese & Iron Ores Limited₹183₹8,873 cr9.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.55%
trailing 12 months
Dividend / share (TTM)
₹4
Last dividend
₹3
ex 21 Aug 2026
ActionDetailEx-date
Dividend₹3 / share21 Aug 2026
Dividend₹1 / share29 Jan 2026
Dividend₹2 / share22 Aug 2025
Dividend₹1 / share7 Feb 2025
Dividend₹2 / share30 Aug 2024
Dividend₹1 / share27 Oct 2023
Who owns it · 2026-06-30
0.6% pledged
Promoter
62.0%
FII / Foreign
20.4%
DII / Domestic
7.3%
Retail / others
10.1%
Promoter stake up 4.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtJSL OVERSEAS HOLDING LIMITED · Promoter Group6.42 L · ₹47.5 cr3 Sep 26
BoughtJSL OVERSEAS HOLDING LIMITED · Promoter Group6.42 L · ₹47.5 cr3 Sep 26
BoughtJSL OVERSEAS HOLDING LIMITED · Promoter Group6.42 L · ₹47.5 cr3 Sep 26
Bulk / block deals
short · NSE283 Sep 26
short · NSE344 Aug 26
short · NSE1119 Mar 26
Stake changes
BoughtMansarover Tradex Limited · promoter→ 1.37% · 92,04020 May 26
SoldRohit Tower Building Limited · promoter→ 0.00% · 92,04020 May 26
BoughtJSL Overseas Holding Limited · promoter→ 17.12% · 4.34 L27 Mar 26
Promoter pledges
PledgedDeutsche bank AG, Singapore Branch12.43 cr · 0.00% held6 Feb 24
ReleasedSBICAP Trustee Co. Ltd. acting on behalf of and for the benefit of Lenders.50.36 L · 0.61% held21 Nov 23
ReleasedSBICAP Trustee Co Ltd. acting on behalf of and for the benefit of Lenders23.55 L · 0.29% held21 Nov 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 2 Sep 2026
See the official result
1
To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2026, together with the Reports of Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
20.38 cr votes for, 924 against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the audited consolidated financial statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
20.38 cr votes for, 924 against · 0% of mutual funds and other big investors said no
3
To declare final dividend of Rs 3/- per equity share of face value of Rs 2/- each for the financial year ended March 31, 2026.
Backed by 99% of shareholders other than promotersneeded 50%
20.16 cr votes for, 25.24 L against · 1% of mutual funds and other big investors said no
4
To appoint a Director in place of Mr. Ratan Jindal, Chairman & Managing Director (DIN:00054026), who retires by rotation in terms of the provisions of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment
Backed by 77% of shareholders other than promotersneeded 50%
15.69 cr votes for, 4.72 cr against · 23% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 61 named members
owning 62.0% between them · as of 2026-06-30
JSL OVERSEAS HOLDING LTD17.12%
JSL OVERSEAS LTD12.28%
Virtuous Tradecorp Private Limited7.45%
Sun Investments Pvt Ltd3.33%
Jindal Equipment Leasing And Consultancy Services Limited2.05%
Jindal Strips Limited1.90%
Naveen Jindal1.78%
Vrindavan Services Private Limited1.77%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.