Jindal Steel Ltd.

NSE: JINDALSTEL · Metals & Mining

₹1,165.00+1.31%06 Nov 2026

Ask the data

Instant answers about Jindal Steel Ltd. — computed from its filings, no language model

Market cap₹1,18,597 cr

Current price₹1,165.00

High / Low₹1,289 / ₹986

P/E41.5

P/B2.26

Book value₹514.4

ROE5.5%

ROCE7.7%

Debt / equity0.42

Dividend yield0.17%

EPS (TTM)₹28.04

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	27,841	39,372	36,917	38,989	51,086	52,711	50,027	49,765	53,225
EBITDA	6,469	8,406	7,854	14,444	15,513	9,935	10,201	9,494	9,660
Operating margin	23.2%	21.3%	21.3%	37.0%	30.4%	18.8%	20.4%	19.1%	18.1%
Interest	3,866	4,264	4,149	3,093	1,888	1,446	1,294	1,312	1,517
Depreciation	3,883	5,480	3,867	3,453	2,097	2,691	2,822	2,768	3,171
Profit before tax	-1,864	-2,802	-246	7,296	11,173	4,486	6,241	4,353	4,428
Tax	-240	-390	154	1,769	2,925	1,292	298	1,498	1,052
Net profit	-1,409	-1,645	-109	3,634	5,753	3,174	5,938	2,812	3,367
EPS ₹	-15.38	-17.00	-1.08	35.63	56.40	39.07	59.15	27.83	33.12
Operating cash flow	—	—	—	—	16,048	7,276	6,008	10,824	7,204
Capex	—	—	—	—	2,944	6,448	8,517	10,607	9,574
Dividend paid	—	—	—	—	98	205	200	200	204
Total assets	—	—	—	—	—	69,427	78,715	85,839	97,762
Equity	—	—	—	—	—	38,707	44,316	47,185	50,899

Quarterly performance

last 34 quarters · ₹ crore

showing latest 8 of 34 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	8,599	9,602	9,995	9,566	10,159	9,946	8,939	9,300	8,811	9,279	8,990	10,534	11,881	10,610	13,612	12,525	14,339	13,521	12,452	13,692	12,588	12,250	11,701	13,487	13,618	11,213	11,751	13,183	12,294	11,686	13,027	16,218	15,482	16,679
Operating profit	2,137	2,214	2,221	2,077	1,845	2,173	1,642	1,820	2,220	2,384	2,702	4,252	5,287	4,539	4,594	3,310	3,070	1,931	2,377	2,187	2,628	2,286	2,843	2,444	2,839	2,200	2,184	2,271	3,006	2,081	1,634	2,939	2,660	2,572
Operating margin	24.8%	23.1%	22.2%	21.7%	18.2%	21.8%	18.4%	19.6%	25.2%	25.7%	30.1%	40.4%	44.5%	42.8%	33.8%	26.4%	21.4%	14.3%	19.1%	16.0%	20.9%	18.7%	24.3%	18.1%	20.9%	19.6%	18.6%	17.2%	24.4%	17.8%	12.5%	18.1%	17.2%	15.4%
Other income	1	63	-12	15	0	1	1	0	25	3	148	365	23	34	4	10	2	0	17	16	55	32	35	34	34	35	26	72	30	22	10	266	19	25
Interest	1,071	973	1,086	1,042	1,163	1,109	1,030	1,002	1,008	1,004	798	728	643	561	482	472	373	365	346	371	329	329	315	321	332	326	313	342	297	371	406	442	548	566
Depreciation	960	1,040	1,031	1,036	2,373	1,054	1,039	1,018	757	982	873	870	847	602	610	613	272	614	608	873	588	604	636	995	683	696	698	691	722	750	839	862	926	947
Profit before tax	-332	264	347	14	-3,426	11	-427	-201	370	401	1,179	2,848	2,852	3,410	3,507	2,236	2,021	54	1,062	806	1,767	1,384	1,927	1,163	1,859	1,213	1,199	81	2,018	982	344	1,085	1,205	1,084
Tax	94	154	67	101	-712	99	-27	18	65	134	276	416	951	894	923	614	494	-165	544	340	75	-6	-1	230	521	353	249	375	522	347	150	33	361	313
Net profit	-308	181	344	-24	-2,146	9	-300	-224	406	183	843	2,255	1,968	41	2,678	1,866	1,511	200	519	463	1,687	1,388	1,928	935	1,340	861	950	-339	1,494	638	190	1,045	845	774
EPS ₹	-3.35	1.87	3.55	-0.25	-22.17	0.09	-2.98	-2.20	3.98	1.80	-7.57	22.10	19.30	0.40	25.33	15.85	14.81	1.99	5.16	4.60	16.79	13.81	19.21	9.34	13.31	8.49	9.39	-3.35	14.73	6.28	1.87	10.27	8.30	7.61
Revenue YoY	—	—	—	—	18.1%	3.6%	-10.6%	-2.8%	-13.3%	-6.7%	0.6%	13.3%	34.8%	14.3%	51.4%	18.9%	20.7%	-0.7%	-0.6%	-4.5%	—	-9.4%	-6.0%	-1.5%	8.2%	-8.5%	0.4%	-2.3%	-9.7%	4.2%	10.9%	23.0%	25.9%	42.7%
Profit YoY	—	—	—	—	—	-94.8%	-187.4%	—	—	1841.7%	—	—	384.5%	-77.5%	217.8%	-17.2%	-23.2%	-92.5%	-72.2%	-69.4%	—	594.9%	271.8%	102.2%	-20.6%	-38.0%	-50.7%	-136.3%	11.5%	-25.9%	-80.0%	—	-43.5%	21.3%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Jindal Steel Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	7,333	9,574	13,333	14,955	14,544	13,650	12,713	14,314
Operating profit	2,507	3,652	4,355	4,613	4,012	3,943	2,439	2,888
Operating margin	34.2%	38.2%	32.7%	30.8%	27.6%	28.9%	19.2%	20.2%
Other income	152	144	186	159	147	83	—	—
Interest	240	355	683	921	1,337	2,072	2,671	2,310
Depreciation	512	688	867	1,048	1,221	1,786	1,492	2,044
Profit before tax	1,908	2,753	2,843	2,228	1,601	-639	-1,660	-1,457
Tax	428	689	732	636	309	-329	-641	-471
Net profit	1,480	2,064	2,111	1,593	1,292	-311	-1,019	-986

Quarters

showing latest 8 of 41 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	1,269	1,396	1,523	1,895	2,216	1,781	1,576	1,598	1,769	2,389	2,122	2,300	2,410	2,742	2,527	3,334	3,298	4,174	3,331	3,589	3,821	4,214	3,425	3,656	3,777	3,686	3,584	3,197	3,541	3,329	3,134	3,173	2,944	3,462	3,124	3,126	3,519	4,545	3,832	3,668	4,272
Operating profit	541	532	579	706	744	612	559	551	619	778	791	856	936	1,069	963	1,087	995	1,309	1,038	1,261	1,278	1,036	848	983	1,210	972	1,192	1,103	1,026	622	710	633	423	673	659	531	784	914	750	784	921
Operating margin	42.6%	38.1%	38.0%	37.2%	33.6%	34.4%	35.4%	34.5%	35.0%	32.6%	37.3%	37.2%	38.8%	39.0%	38.1%	32.6%	30.2%	31.4%	31.2%	35.1%	33.4%	24.6%	24.7%	26.9%	32.0%	26.4%	33.3%	34.5%	29.0%	18.7%	22.7%	20.0%	14.4%	19.4%	21.1%	17.0%	22.3%	20.1%	19.6%	21.4%	21.6%
Other income	3	12	25	7	15	10	17	20	17	98	6	6	8	123	17	8	20	141	12	7	4	136	6	6	1	134	22	25	9	27	54	9	1	—	—	—	—	9	—	—	—
Interest	79	50	60	47	56	74	33	54	69	84	74	78	97	106	132	146	155	249	219	178	288	237	232	334	367	405	428	447	555	642	691	676	658	646	601	654	540	515	532	578	594
Depreciation	118	119	104	106	108	111	123	127	131	131	147	164	182	194	207	214	210	236	237	249	254	308	304	304	299	316	415	444	459	467	501	249	394	348	489	524	542	489	481	496	465
Profit before tax	347	375	440	560	595	437	420	390	436	662	576	620	665	892	641	587	650	965	20	841	740	627	318	352	546	385	370	237	-767	-479	-428	-282	-628	-322	-431	-647	-298	-81	-263	-440	-138
Tax	69	56	50	157	145	112	120	85	110	113	140	142	164	243	171	191	189	181	8	259	220	150	80	95	180	-46	64	-51	-97	-245	-160	-79	-226	-176	-154	-240	-112	35	-86	-185	-64
Net profit	277	319	390	402	450	325	300	305	326	549	436	478	502	648	470	396	461	784	12	582	520	477	239	257	366	431	306	287	-670	-235	-267	-204	-402	-146	-277	-407	-187	-116	-178	-255	-74
EPS ₹	90.11	20.72	25.35	26.01	29.09	21.02	19.40	3.28	3.50	5.90	4.68	5.13	5.38	6.95	5.03	4.24	4.93	8.38	0.13	6.23	5.57	5.11	2.56	2.75	3.92	4.63	3.35	3.14	-7.32	-2.56	-2.92	-2.23	-4.40	-1.59	-3.02	-4.45	-2.04	-1.27	-1.94	-2.79	-0.81
Revenue YoY	—	—	—	—	74.6%	27.6%	-16.8%	-27.9%	-0.7%	—	34.6%	43.9%	36.2%	14.8%	19.1%	45.0%	36.8%	52.2%	31.8%	7.7%	15.8%	1.0%	2.8%	1.9%	-1.2%	-12.5%	4.6%	-12.5%	-6.2%	-9.7%	-12.6%	-0.8%	-16.8%	4.0%	-0.3%	-1.5%	19.5%	31.3%	22.7%	17.3%	21.4%
Profit YoY	—	—	—	—	62.2%	1.9%	-25.4%	-32.2%	0.1%	—	45.2%	56.8%	54.1%	18.1%	7.9%	-17.2%	-8.1%	20.9%	-97.4%	47.1%	12.9%	-39.1%	1823.2%	-55.9%	-29.8%	-9.8%	28.2%	11.9%	-283.2%	-154.5%	-187.3%	-170.9%	—	—	—	—	—	—	—	—	—

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 28 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	0.9%	-7.8%	-8.6%	-11.7%	-12.6%	-0.5%	0.3%	5.7%	17.5%	24.9%	24.3%	33.0%	31.1%	29.0%	7.4%	9.8%	13.2%	13.4%	12.6%	10.7%	8.6%	6.0%	6.3%	5.5%	4.0%	6.6%	5.3%	5.5%
ROCE	7.1%	2.3%	2.1%	0.8%	0.4%	6.2%	6.6%	8.8%	13.2%	16.5%	20.6%	23.7%	22.4%	20.6%	10.0%	11.8%	13.3%	12.5%	12.7%	11.6%	10.5%	8.7%	8.9%	8.2%	7.1%	8.2%	7.4%	7.7%
Net margin	0.5%	-4.2%	-4.6%	-6.4%	-6.9%	-0.3%	0.2%	3.3%	9.8%	12.9%	12.2%	14.9%	13.5%	11.9%	5.5%	8.0%	10.9%	11.9%	11.0%	10.1%	8.2%	5.7%	6.1%	5.6%	4.0%	6.3%	4.8%	4.6%
EBITDA margin	22.9%	21.2%	21.0%	20.0%	19.5%	21.2%	22.2%	25.1%	30.7%	36.0%	39.9%	40.0%	36.5%	30.4%	17.5%	18.6%	19.8%	20.4%	20.4%	20.6%	19.3%	19.1%	19.9%	19.5%	17.9%	18.1%	16.5%	16.0%
Debt / equity	2.01	2.01	2.01	2.01	2.01	2.01	2.01	2.01	2.01	2.01	2.01	2.01	2.01	2.01	0.32	0.31	0.31	0.36	0.36	0.35	0.35	0.38	0.38	0.37	0.37	0.43	0.43	0.42
Interest coverage	1.07	0.34	0.31	0.12	0.06	0.94	1.04	1.46	2.36	3.29	4.77	6.23	6.56	6.92	3.61	4.65	5.37	5.82	5.88	5.76	5.21	4.32	4.53	4.24	3.42	3.92	3.04	2.89
Asset turnover	0.50	0.52	0.53	0.51	0.51	0.49	0.48	0.48	0.50	0.54	0.56	0.62	0.64	0.68	0.75	0.71	0.70	0.64	0.65	0.60	0.60	0.58	0.56	0.53	0.55	0.54	0.58	0.62

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 11 periods

	MAR '14‡	MAR '15‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	91	91	100	100	100	100	101	101	102	102	102
Other equity / reserves	22,519	20,951	37,742	38,606	41,401	44,216	47,240	47,084	49,517	50,797	52,265
Total equity	22,611	21,042	37,842	38,707	41,501	44,316	47,341	47,185	49,619	50,899	52,367
Borrowings	34,230	42,252	14,435	12,435	12,869	15,896	16,698	17,842	18,597	22,038	21,791
Current liabilities	—	—	16,601	15,499	14,773	16,010	14,666	16,515	19,446	18,148	18,818
Non-current liabilities	—	—	15,904	14,909	15,615	17,955	20,087	21,905	21,905	27,773	27,278
Total assets	68,913	75,537	70,652	69,427	72,212	78,715	82,771	85,839	91,737	97,762	99,811
Property, plant & equipment	31,634	42,738	41,469	40,804	40,287	45,790	45,838	47,402	54,644	62,533	61,594
Capital work-in-progress	16,392	7,401	3,752	7,106	10,504	8,872	12,418	15,518	12,193	7,265	9,460
Investments	—	—	1,614	907	1,924	819	863	2,201	1,797	3,168	5,353
Inventories	4,881	4,849	7,259	5,887	5,310	7,077	7,044	5,610	7,869	8,023	8,391
Receivables	1,772	1,691	1,152	974	709	1,665	1,511	1,363	1,351	1,729	1,191
Cash & equivalents	1,015	1,139	4,972	4,261	3,548	3,306	1,358	2,617	1,736	1,890	1,833

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 13 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	4,580	989	4,333	6,850	7,724	9,027	712	11,961	16,048	7,276	6,008	10,824	7,204
Cash from investing	-12,694	-6,341	-2,262	-1,999	-1,431	-832	-124	-1,884	-2,331	-4,018	-8,344	-12,323	-10,734
Cash from financing	8,879	5,515	-2,672	-5,108	-6,276	-8,261	-546	-4,612	-15,120	-2,500	1,381	809	2,803
Capex	13,418	5,096	3,950	2,498	2,577	1,433	1,540	858	2,944	6,448	8,517	10,607	9,574
Free cash flow	-8,838	-4,107	383	4,352	5,148	7,594	-828	11,103	13,103	827	-2,509	217	-2,370
Dividends paid	149	145	1	—	—	—	—	—	98	205	200	200	204

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹61,594 cr62%

CWIP

₹9,460 cr9%

Investments

₹5,353 cr5%

Inventories

₹8,391 cr8%

Receivables

₹1,191 cr1%

Cash & equivalents

₹1,833 cr2%

Other assets

₹11,989 cr12%

Peer comparison

largest in Metals & Mining · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Enterprises Ltd.	3,71,671	2,745.80	64.8	3.79	5.9%
JSW Steel Ltd.	3,31,132	1,357.10	11.6	2.92	25.1%
Hindustan Zinc Ltd.	2,40,022	568.10	—	8.01	0.0%
Tata Steel Ltd.	2,32,398	186.30	21.1	2.27	10.8%
Hindalco Industries Ltd.	2,12,765	958.40	11.1	1.33	12.0%
Vedanta Aluminium Metal Ltd.	1,47,058	376.05	—	6.38	—
Jindal Steel Ltd.	1,18,597	1,165.00	41.5	2.26	5.5%
Vedanta Ltd.	1,02,344	261.75	4.8	8.02	168.7%
Lloyds Metals And Energy Ltd.	1,00,524	1,785.50	19.2	6.20	32.3%
Steel Authority of India Ltd.	70,880	171.60	12.6	1.13	9.0%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+9.8%

6 months-7.4%

1 year+8.8%

3Y CAGR+23.2%

5Y CAGR+22.4%

10Y CAGR+32.3%

50-day avg₹1,104.76

200-day avg₹1,140.39

RSI (14)77

Compare Jindal Steel Ltd. with

Vedanta Aluminium Metal vs Jindal Steel Jindal Steel vs Vedanta Jindal Steel vs Lloyds Metals And Energy Jindal Steel vs Steel Authority of India

FAQs

What is the share price of Jindal Steel Ltd.?

Jindal Steel Ltd. (JINDALSTEL) closed at ₹1,165.00 on NSE on 06 Nov 2026.

What is the market cap of Jindal Steel Ltd.?

₹1,18,597 crore at the latest close.

What is the P/E ratio of Jindal Steel Ltd.?

41.5, on trailing-twelve-month earnings from its filings.

How fast is Jindal Steel Ltd. growing?

Jindal Steel Ltd.: revenue has compounded at 0.3% a year over three years; net profit at 2.0% a year. Latest-quarter revenue is up 42.7% year on year, profit up 21.3%.

How profitable is Jindal Steel Ltd.?

On a trailing-twelve-month basis return on equity is 5.5%, return on capital employed 7.7%, operating margin 16.0%, net margin 4.6%.

How much debt does Jindal Steel Ltd. have?

Jindal Steel Ltd. is lightly geared: debt to equity is 0.42 with borrowings of ₹21,791 cr against cash of ₹1,833 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.9 times.

Financials parsed from Jindal Steel Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.