Jindal Steel Limited
NSE: JINDALSTEL · Iron & Steel · sector
₹1,039.90NSE close 2026-10-26
Key numbers
Market cap₹1,05,841 cr
Price₹1,039.90
52w high / low₹1,306 / ₹977
P/E38.9xSector median 16.4x
P/B2.1xSector median 2.1x
Book value₹500.1
Dividend yield0.20%Sector median 0.39%
ROE5.5%Sector median 9.1%
ROCE7.4%Sector median 10.1%
OPM15.0%Sector median 12.4%
Debt / equity0.43xSector median 0.35x
EV/EBITDA14.4xSector median 8.1x
Interest cover3.0x
Current ratio1.25x
Sales growth 3y+0.3%Sector median +1.5%
Profit growth 3y+2.0%Sector median +15.7%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 14 companies in Iron & Steel (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹6,249 cr vs borrowings ₹22,038 cr (FY26): borrowings are higher by ₹15,789 cr.
- Borrowings rose in each of the last 3 years (₹12,435 cr → ₹22,038 cr).
- Operating profit covered interest 3.0x in the last 12 months.
- 10.07% of the promoters' shares are pledged (6.3% of all shares).
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 12% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹1,039.90 on 2026-10-26: -20.4% from the 52-week high, +6.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,270.00 · low ₹786.90
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11,213 | 11,751 | 13,183 | 12,294 | 11,686 | 13,027 | 16,218 | 15,482 |
| EBITDA | 2,200 | 2,184 | 1,041 | 3,006 | 2,081 | 1,579 | 2,122 | 2,660 |
| OPM % | 19.6% | 18.6% | 7.9% | 24.4% | 17.8% | 12.1% | 13.1% | 17.2% |
| Other income | 35 | 26 | 72 | 30 | 22 | 10 | 266 | 19 |
| Net profit | 861 | 950 | -339 | 1,494 | 638 | 190 | 1,045 | 845 |
| EPS (₹) | 8.49 | 9.39 | -3.35 | 14.73 | 6.28 | 1.87 | 10.27 | 8.30 |
| Revenue YoY | +4.2% | +10.9% | +23.0% | +25.9% | ||||
| Profit YoY | -25.9% | -80.0% | – | -43.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 51,086 | 52,711 | 50,027 | 49,765 | 53,225 | 56,413 |
| EBITDA | 15,107 | 8,565 | 10,201 | 8,265 | 8,788 | 8,443 |
| Net profit | 5,753 | 3,174 | 5,938 | 2,812 | 3,367 | 2,718 |
| EPS (₹) | 56.40 | 39.07 | 59.15 | 27.83 | 33.12 | 26.72 |
| Revenue growth | +3.2% | -5.1% | -0.5% | +7.0% | +16.4% | |
| Profit growth | -44.8% | +87.1% | -52.6% | +19.7% | -8.3% | |
| Dividend / share (₹) | 1.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +0.3% | +6.4% | +16.5% |
| Net profit | +2.0% | -1.5% | -8.4% |
| EPS | -5.4% | -1.5% | – |
| Share price | – | +4.1% (2y) | +1.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 38,707 | 44,316 | 47,185 | 50,899 |
| Borrowings | – | 12,435 | 15,896 | 17,842 | 22,038 |
| Cash & equivalents | – | 5,482 | 4,694 | 5,885 | 6,249 |
| Total assets | – | 69,427 | 78,715 | 85,839 | 97,762 |
| Fixed assets | – | 40,804 | 45,790 | 47,402 | 62,533 |
| Capital work in progress | – | 7,106 | 8,872 | 15,518 | 7,265 |
| Investments | – | 143 | 149 | 496 | 1,061 |
| Receivables | – | 974 | 1,665 | 1,363 | 1,729 |
| Inventory | – | 5,887 | 7,077 | 5,610 | 8,023 |
| Payables | – | 4,700 | 4,682 | 5,713 | 8,778 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 16,048 | 7,276 | 6,008 | 10,824 | 7,204 |
| Cash from investing | -2,331 | -4,018 | -8,344 | -12,323 | -10,734 |
| Cash from financing | -15,120 | -2,500 | 1,381 | 809 | 2,803 |
| Capex | 2,944 | 6,448 | 8,517 | 10,607 | 9,574 |
| Free cash flow | 13,103 | 827 | -2,509 | 217 | -2,370 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 8.2% | 13.4% | 6.0% | 6.6% |
| ROCE % | – | 11.6% | 12.5% | 8.7% | 8.2% |
| Debtor days | – | 7 | 12 | 10 | 12 |
| Inventory days | – | 87 | 117 | 87 | 115 |
| Payable days | – | 69 | 78 | 89 | 126 |
| Cash conversion cycle (days) | – | 25 | 51 | 8 | 1 |
| Working capital days | – | 0 | 13 | 7 | 31 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 62.69% |
| FIIs | 8.75% |
| DIIs | 19.70% |
| of which Mutual funds | 15.57% |
| of which Insurance | 2.24% |
| Government | 0.00% |
| Public (non-institutions) | 8.65% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 61.19% | 62.22% | 62.36% | 62.37% | 62.69% | 62.69% | 62.69% | 62.69% |
| Promoter group | % |
|---|---|
| OPJ Trading Private Limited | 18.47% |
| Opelina Sustainable Services Private Limited | 14.42% |
| Siddeshwari Tradex Private Limited | 7.69% |
| Virtuous Tradecorp Private Limited | 6.31% |
| Skyhigh Sustainable Limited | 4.87% |
| Jindal Power Limited | 1.18% |
| Naveen Jindal (as a trustee of Global Vision Trust) | 1.10% |
| Naveen Jindal | 0.80% |
| Jargo Investments Limited | 0.73% |
| Templar Investments Limited | 0.73% |
| Mendeza Holdings Limited | 0.73% |
| Nacho Investments Limited | 0.73% |
| Estrela Investment Company Limited | 0.70% |
| JSL Overseas Limited | 0.64% |
| Beaufield Holdings Limited | 0.59% |
| Public holders above 1% | % |
|---|---|
| Kotak Flexicap Fund | 3.49% |
| ICICI Prudential Large & MID CAP Fund | 2.83% |
| HDFC Mutual Fund - HDFC Mid-cap Fund | 2.24% |
| SBI Aggressive Hybrid Fund | 1.35% |
| NPS Trust- A/C SBI Pension Fund Scheme - State Govt | 1.32% |
| Aditya Birla SUN Life Mutual Fund - Aditya Birla SUN Life Flexi CAP Fund | 1.31% |
2,72,544 shareholders. Pledged: 10.07% of promoter shares.
Peers in Iron & Steel
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | ₹3,07,440 cr | 12.4x | 3.1x | 27.6% | 21.2% | 25.8% | +3.8% | 0.22% |
| TATASTEEL | ₹2,11,990 cr | 19.2x | 2.1x | 11.4% | 12.1% | 14.6% | -1.6% | 2.12% |
| JINDALSTEL | ₹1,05,841 cr | 38.9x | 2.1x | 5.5% | 7.4% | 15.0% | +0.3% | 0.20% |
| SAIL | ₹70,136 cr | 16.4x | 1.2x | 7.2% | 8.0% | 11.3% | +2.0% | 0.94% |
| JSL | ₹56,775 cr | 17.0x | 2.7x | 17.0% | 17.8% | 12.4% | +6.4% | 0.43% |
| SARDAEN | ₹15,738 cr | 13.9x | 2.1x | 16.6% | 17.6% | 32.4% | +10.6% | 0.34% |
| NSLNISP | ₹11,300 cr | 124.4x | 0.9x | 0.6% | 3.3% | 10.8% | – | – |
| SANDUMA | ₹7,632 cr | 10.7x | 2.3x | 24.4% | 25.5% | 22.9% | – | 0.27% |
| JAIBALAJI | ₹5,738 cr | 39.8x | 2.5x | 6.6% | 10.1% | 6.0% | -1.9% | – |
| VISL | ₹5,238 cr | – | – | – | – | – | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-21 | Dividend | Dividend - Rs 2 Per Share |
| 2025-08-22 | Dividend | Dividend - Rs 2 Per Share |
| 2024-08-22 | Dividend | Dividend - Rs 2 Per Share |
| 2023-08-18 | Dividend | Dividend - Rs 2 Per Sh |
| 2022-09-20 | Dividend | Dividend - Rs 2 Per Share |
| 2022-03-16 | Dividend | Interim Dividend - Re 1 Per Share |
| 2021-09-23 | Other | Annual General Meeting |
| 2020-09-23 | Other | Annual General Meeting |
| 2019-09-19 | Other | Annual General Meeting |
| 2018-09-19 | Other | Annual General Meeting |
| 2017-09-11 | Other | Annual General Meeting |
| 2016-07-15 | Other | Annual General Meeting |
| 2015-09-07 | Other | Annual General Meeting |
| 2014-07-11 | Dividend | Annual General Meeting/Dividend Rs 1.50/- Per Share |
| 2013-09-13 | Dividend | Annual General Meeting And Dividend Rs.1.60 Per Share |
| 2012-09-10 | Dividend | Annual General Meeting And Dividend Rs.1.60 Per Share |
| 2011-09-12 | Dividend | Dividend-Rs.1.50 Per Share |
| 2010-09-13 | Dividend | Dividend-Rs.1.25 Per Share |
| 2009-09-14 | Other | Div-Rs.5.50 Pr Sh/Bon 5:1purpose Revised |
| 2008-09-12 | Dividend | Agm/Dividend - 250% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Metal and Metal Products
| Sector | Commodities |
| Industry | Iron & Steel |
| Sub-industry | Iron & Steel |
| Symbol | JINDALSTEL |
| BSE code | 532286 |
| ISIN | INE749A01030 |
| Face value | ₹1.0 |
| Incorporated | 1979-09-28 |
| Website | www.jindalsteel.in |
| Plants (India / abroad) | 13 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.