Jindal Stainless Ltd.

NSE: JSL · Metals & Mining

₹698.80+1.89%06 Nov 2026

Ask the data

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

Market cap₹57,595 cr

Current price₹698.80

High / Low₹866 / ₹662

P/E17.3

P/B2.71

Book value₹257.9

ROE15.7%

ROCE17.8%

Debt / equity0.33

Dividend yield0.43%

EPS (TTM)₹40.48

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	12,951	12,188	21,223	35,697	38,562	39,312	42,955
EBITDA	1,139	1,429	3,090	3,696	4,757	4,623	5,577
Operating margin	8.8%	11.7%	14.6%	10.4%	12.3%	11.8%	13.0%
Interest	586	480	332	325	554	612	568
Depreciation	425	403	371	724	879	956	1,060
Profit before tax	173	690	2,442	2,774	3,592	3,339	4,242
Tax	93	270	533	690	899	839	1,058
Net profit	71	419	1,881	2,114	2,713	2,505	3,193
EPS ₹	1.48	8.60	37.81	25.68	32.95	30.42	38.76
Operating cash flow	—	—	1,083	3,096	4,818	4,718	3,395
Capex	—	—	765	1,656	1,475	1,885	2,658
Dividend paid	—	—	0	0	286	245	245
Total assets	10,678	10,735	14,862	27,140	30,817	36,158	40,704
Equity	2,007	3,205	5,186	11,931	14,358	16,688	19,791

Quarterly performance

last 27 quarters · ₹ crore

showing latest 8 of 27 periods

	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '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	3,291	3,302	3,094	1,376	3,314	3,585	3,914	4,033	5,027	5,670	6,564	6,350	9,765	10,184	9,797	9,127	9,454	9,430	9,777	9,907	10,198	10,207	10,893	10,518	11,337	11,279	12,874
Operating profit	318	300	222	64	343	473	561	625	774	828	863	560	1,184	1,225	1,238	1,259	1,035	1,210	1,187	1,193	1,033	1,296	1,374	1,413	1,494	1,364	1,415
Operating margin	9.7%	9.1%	7.2%	4.7%	10.4%	13.2%	14.3%	15.5%	15.4%	14.6%	13.1%	8.8%	12.1%	12.0%	12.6%	13.8%	11.0%	12.8%	12.1%	12.0%	10.1%	12.7%	12.6%	13.4%	13.2%	12.1%	11.0%
Other income	7	9	13	10	11	7	13	10	15	12	19	22	38	43	32	39	55	51	47	99	94	69	90	102	91	118	134
Interest	147	144	148	134	128	121	97	85	82	93	72	80	83	100	156	146	153	143	159	161	150	144	141	134	149	146	165
Depreciation	108	109	104	103	103	101	97	94	93	93	92	94	181	188	222	236	233	232	241	242	241	252	262	269	278	302	299
Profit before tax	77	80	-68	-148	149	267	434	456	614	654	719	408	957	981	993	917	702	886	834	890	729	969	1,078	1,082	1,112	1,034	1,201
Tax	35	26	-7	-43	68	103	141	150	202	212	-31	109	241	243	229	226	201	240	225	236	139	254	270	254	278	265	303
Net profit	38	52	-65	-122	82	170	289	303	407	435	736	314	766	738	774	692	501	648	611	655	591	714	807	829	844	769	895
EPS ₹	0.79	1.06	-1.33	-2.50	1.68	3.49	5.93	6.21	8.27	8.66	14.67	5.98	9.30	9.06	9.40	8.41	6.08	7.87	7.42	7.95	7.18	8.67	9.80	10.06	10.24	9.34	10.85
Revenue YoY	—	—	—	—	0.7%	8.5%	26.5%	193.1%	51.7%	58.2%	67.7%	12.0%	48.8%	—	—	43.7%	-3.2%	-7.4%	-0.2%	8.5%	7.9%	8.2%	11.4%	6.2%	11.2%	10.5%	18.2%
Profit YoY	—	—	—	—	116.1%	228.3%	—	—	398.6%	156.0%	154.3%	-27.8%	4.1%	—	—	120.3%	-34.6%	-12.1%	-21.1%	-5.4%	18.0%	10.2%	32.0%	26.6%	42.7%	7.7%	10.9%

Earlier results (standalone, Sep '07 – Jun '19)

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

Jindal Stainless 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

showing latest 8 of 9 periods

	FY10†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	5,767	7,891	10,286	11,953	12,802	8,403	8,930	10,964	12,614
Operating profit	1,067	904	615	886	1,041	871	1,168	1,281	1,136
Operating margin	18.5%	11.5%	6.0%	7.4%	8.1%	10.4%	13.1%	11.7%	9.0%
Other income	7	22	44	40	72	32	31	45	28
Interest	405	464	990	1,235	1,365	1,140	770	541	614
Depreciation	341	409	701	688	505	420	346	304	335
Profit before tax	569	-154	-1,199	-1,414	-726	-699	109	483	221
Tax	192	-50	-379	-23	-1	11	38	165	82
Net profit	376	-104	-821	-1,390	-725	-709	72	318	139

Quarters

showing latest 8 of 46 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†	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†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†
Revenue	1,127	1,349	1,496	1,577	1,095	844	1,347	1,330	1,401	1,689	1,627	1,739	1,731	1,977	1,838	1,910	2,166	2,217	2,464	2,584	3,021	2,830	3,039	3,015	3,069	3,238	3,304	2,974	3,287	3,215	1,602	1,612	1,974	2,126	2,078	2,259	2,468	2,194	2,608	2,989	3,173	3,147	3,081	3,135	3,251	3,067
Operating profit	162	168	242	232	172	-251	212	295	276	286	321	251	256	301	214	200	189	231	117	121	146	226	246	156	257	340	214	140	347	369	171	156	174	280	234	341	313	251	256	386	388	375	231	228	302	314
Operating margin	14.4%	12.5%	16.2%	14.7%	15.7%	-29.8%	15.7%	22.2%	19.7%	16.9%	19.7%	14.5%	14.8%	15.2%	11.6%	10.5%	8.7%	10.4%	4.8%	4.7%	4.8%	8.0%	8.1%	5.2%	8.4%	10.5%	6.5%	4.7%	10.6%	11.5%	10.7%	9.7%	8.8%	13.2%	11.3%	15.1%	12.7%	11.4%	9.8%	12.9%	12.2%	11.9%	7.5%	7.3%	9.3%	10.2%
Other income	3	18	3	5	4	5	3	3	0	1	1	0	0	0	0	0	22	15	10	12	8	9	13	7	11	9	12	11	40	13	8	1	9	4	11	2	14	10	14	11	11	6	7	6	9	10
Interest	39	48	46	123	66	87	101	100	106	98	85	84	75	103	105	106	150	207	251	263	270	289	296	313	337	344	343	338	340	371	253	248	268	255	276	206	34	102	161	154	124	150	157	147	161	142
Depreciation	59	60	71	71	65	75	84	86	84	86	87	91	89	89	94	110	116	170	171	171	189	167	168	176	177	124	133	123	125	119	95	92	113	113	76	78	79	76	76	77	75	76	80	86	92	101
Profit before tax	66	78	128	44	-99	-552	144	98	153	174	146	97	125	127	-145	-163	27	-340	-227	-381	-251	-475	-428	-301	-210	-111	-257	-342	-17	-118	-188	-191	-202	-99	-99	62	246	63	48	204	167	140	-52	76	57	105
Tax	25	27	75	15	-31	-174	49	36	52	56	47	32	35	41	-47	-53	8	-109	-75	-124	-71	0	-16	0	-8	0	-1	0	0	0	0	0	11	-34	-34	21	85	22	21	70	52	49	-15	23	24	38
Net profit	42	51	53	28	-69	-378	95	63	101	118	98	65	90	86	-98	-110	19	-231	-152	-257	-180	-475	-412	-301	-203	-111	-255	-342	-17	-118	-188	-191	-212	-65	-65	40	161	42	27	135	115	91	-36	52	32	67
EPS ₹	2.98	3.56	3.68	1.77	-4.26	-23.43	5.84	3.87	6.24	7.26	5.28	3.48	4.85	4.58	-5.22	-5.87	0.99	-12.21	-8.02	-13.55	-9.45	-23.28	-20.19	-14.72	-9.92	-5.14	-11.85	-15.84	-0.78	-5.21	-8.15	-8.27	-9.18	-2.80	-2.81	1.01	4.03	0.98	0.59	2.93	2.49	1.90	-0.76	1.09	0.67	1.39
Revenue YoY	—	—	—	—	-2.9%	-37.4%	-14.6%	21.5%	66.0%	—	20.8%	30.8%	23.5%	21.5%	5.6%	10.4%	—	12.1%	34.1%	35.3%	39.5%	27.7%	23.3%	16.7%	1.6%	14.4%	8.7%	-1.4%	7.1%	-0.7%	-51.5%	-45.8%	-40.0%	-33.9%	29.8%	40.1%	25.0%	3.2%	25.5%	32.3%	28.6%	43.4%	18.2%	4.9%	2.5%	-2.5%
Profit YoY	—	—	—	—	-264.2%	-847.8%	233.4%	—	—	—	3.5%	3.0%	-11.1%	-12.5%	-251.5%	-222.6%	—	-369.7%	—	—	-1069.1%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	233.2%	-28.8%	118.9%	-233.5%	-61.1%	-71.9%	-26.4%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 21 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	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	-4.8%	-2.7%	3.2%	13.1%	26.3%	36.5%	44.8%	36.3%	19.6%	22.4%	18.8%	18.2%	15.9%	15.6%	15.0%	15.4%	15.3%	16.3%	16.1%	16.4%	15.7%
ROCE	9.6%	10.6%	13.6%	18.6%	27.3%	33.9%	39.5%	33.4%	19.9%	22.9%	20.4%	20.2%	18.0%	18.0%	17.2%	17.6%	17.2%	17.8%	17.7%	18.0%	17.8%
Net margin	-0.9%	-0.5%	0.6%	3.4%	5.7%	7.1%	7.7%	8.8%	7.2%	7.6%	7.0%	6.9%	6.5%	6.3%	6.4%	6.4%	6.7%	7.0%	7.4%	7.4%	7.3%
EBITDA margin	8.2%	8.4%	9.7%	11.8%	13.5%	14.7%	15.0%	14.5%	11.7%	12.6%	12.3%	12.5%	12.4%	12.0%	11.8%	11.7%	11.9%	12.2%	13.0%	12.8%	12.4%
Debt / equity	1.67	1.67	1.67	0.98	0.98	0.98	0.98	0.60	0.43	0.43	0.41	0.41	0.41	0.41	0.38	0.38	0.37	0.37	0.37	0.37	0.33
Interest coverage	0.90	1.02	1.38	2.46	4.03	5.60	7.04	8.35	8.98	8.95	7.48	6.85	6.56	6.38	6.46	6.58	7.16	7.78	8.47	8.56	8.46
Asset turnover	1.04	1.04	1.06	1.14	1.38	1.54	1.74	1.43	1.24	1.34	1.25	1.23	1.11	1.13	1.09	1.11	1.05	1.07	1.06	1.08	1.04

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	46	46	46	80	96	96	97	97	105	165	165	165	165	165	165	165	165
Other equity / reserves	-6	149	1,666	1,734	1,913	2,495	1,910	3,108	5,081	11,766	13,079	14,193	15,297	16,523	17,915	19,626	21,088
Total equity	40	195	1,712	1,814	2,009	2,591	2,007	3,205	5,186	11,931	13,244	14,358	15,462	16,688	18,079	19,791	21,253
Borrowings	11,597	10,803	9,688	5,380	4,602	3,896	3,361	3,154	3,126	3,871	5,634	5,948	6,367	6,298	6,728	7,342	6,997
Current liabilities	7,483	5,528	—	5,568	—	4,450	—	4,056	7,207	10,951	9,446	10,040	12,338	13,225	15,069	13,924	16,616
Non-current liabilities	8,865	8,287	—	3,522	—	3,662	—	3,460	2,428	4,222	6,382	6,399	6,287	6,207	5,878	6,834	6,528
Total assets	16,431	14,018	14,858	10,910	10,834	10,715	10,678	10,735	14,862	27,140	29,089	30,817	34,113	36,158	39,078	40,704	44,431
Property, plant & equipment	9,728	7,537	6,833	6,587	6,323	6,315	6,148	5,828	5,568	8,546	11,285	11,395	12,167	12,433	12,334	15,545	14,016
Capital work-in-progress	157	144	70	30	132	24	13	53	357	761	979	1,085	1,590	1,770	3,923	1,790	2,887
Investments	18	14	393	404	439	454	310	—	—	970	963	1,246	1,273	1,646	1,383	1,547	2,078
Inventories	3,704	1,958	1,913	2,097	2,384	2,415	2,739	2,789	4,177	8,394	7,775	7,932	8,711	9,700	10,079	9,508	11,205
Receivables	1,695	1,085	936	890	907	919	705	934	2,453	3,658	2,873	2,837	3,099	3,107	3,051	3,086	3,712
Cash & equivalents	73	48	67	46	47	36	40	77	215	470	1,040	1,230	924	633	624	415	436

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	958	549	966	5,115	1,452	1,419	1,180	1,308	1,083	3,096	4,818	4,718	3,395
Cash from investing	-120	24	1,053	-31	-193	-192	-188	-152	-783	-2,482	-3,340	-3,439	-3,506
Cash from financing	-891	-580	-1,972	-5,106	-1,257	-1,237	-991	-1,119	-163	-386	-829	-1,882	-112
Capex	—	—	—	75	202	206	197	168	765	1,656	1,475	1,885	2,658
Free cash flow	—	—	—	5,041	1,250	1,213	984	1,140	318	1,440	3,343	2,833	737
Dividends paid	0	0	0	—	—	—	—	—	0	0	286	245	245

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹14,016 cr32%

CWIP

₹2,887 cr6%

Investments

₹2,078 cr5%

Inventories

₹11,205 cr25%

Receivables

₹3,712 cr8%

Cash & equivalents

₹436 cr1%

Other assets

₹10,096 cr23%

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%
Jindal Stainless Ltd.	57,595	698.80	17.3	2.71	15.7%

StoxGud checklist: Neutral setup · 4/10

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-4.6%

6 months-8.8%

1 year-13.1%

3Y CAGR+16.1%

5Y CAGR+29.0%

10Y CAGR+33.6%

50-day avg₹723.15

200-day avg₹735.66

RSI (14)36

Compare Jindal Stainless Ltd. with

Steel Authority of India vs Jindal Stainless NMDC vs Jindal Stainless National Aluminium Co. vs Jindal Stainless Jindal Stainless vs Hindustan Copper

FAQs

What is the share price of Jindal Stainless Ltd.?

Jindal Stainless Ltd. (JSL) closed at ₹698.80 on NSE on 06 Nov 2026.

What is the market cap of Jindal Stainless Ltd.?

₹57,595 crore at the latest close.

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

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

How fast is Jindal Stainless Ltd. growing?

Jindal Stainless Ltd.: revenue has compounded at 6.4% a year over three years; net profit at 14.7% a year. Latest-quarter revenue is up 18.2% year on year, profit up 10.9%.

How profitable is Jindal Stainless Ltd.?

On a trailing-twelve-month basis return on equity is 15.7%, return on capital employed 17.8%, operating margin 12.4%, net margin 7.3%.

How much debt does Jindal Stainless Ltd. have?

Jindal Stainless Ltd. is lightly geared: debt to equity is 0.33 with borrowings of ₹6,997 cr against cash of ₹436 cr (balance sheet of 2026-09-30). Operating profit covers interest 8.5 times.

Financials parsed from Jindal Stainless Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, 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.