Jindal Steel

Jindal Steel

1,070.60
-2.90
(-0.27%)
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Key Fundamentals
Add Ratio
Market Cap
1,09,506.50 Cr
EPS
27.83
PE Ratio
36.44
Dividend Yield
0.18 %
52 Week High
1,087.60
52 Week Low
723.35
PB Ratio
2.32
Debt to Equity
0.38
Analyst Rating and Forecast
- By Refinitiv from24 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+70.83 %
+70.83 %
Hold
Hold+12.50 %
+12.50 %
Sell
Sell+16.67 %
+16.67 %
Forecast For
Actual

Company News

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positive
Jindal Steel Limited announced its quarterly results for the quarter and half-year ended September 30, 2025. On a consolidated basis, the company reported steel production of 2.00 MT and steel sales of 1.87 MT for Q2FY26. Gross revenue stood at INR 13,505 crores with adjusted EBITDA of INR 1,875 crores and profit after tax of INR 635 crores. For the half-year, steel production was 4.09 MT with sales of 3.78 MT, gross revenue of INR 27,841 crores, and PAT of INR 2,131 crores. The company commissioned India's second largest blast furnace (4.6 MTPA capacity) and a 3 MTPA Basic Oxygen Furnace at Angul, increasing total steelmaking capacity from 9.6 to 12.6 MTPA. Consolidated net debt decreased to INR 14,156 crores from INR 14,400 crores. The Board also appointed Gautam Malhotra as Chief Executive Officer and Key Managerial Personnel, effective October 28, 2025. Malhotra brings 19+ years of experience and has been associated with the company since May 2024.
neutral
Jindal Steel reported quarterly consolidated net profit of 6.38 billion rupees, declining from 8.6 billion rupees year-over-year, though slightly below the estimated 6.4 billion rupees. Revenue increased to 116.85 billion rupees from 112.13 billion rupees year-over-year, exceeding estimates of 111.55 billion rupees. EBITDA decreased to 20.81 billion rupees from 22 billion rupees year-over-year, while surpassing estimates of 19.62 billion rupees. EBITDA margin compressed to 17.81% from 19.62% year-over-year, marginally above the estimated 17.6%.
neutral
Jindal Steel Limited has initiated a postal ballot process for shareholders to vote on five key resolutions. The company seeks approval to amend its Employee Benefit Scheme 2022, extending the maximum vesting period to 40 years and modifying exercise price parameters. The ballot also includes appointment of Parimal Rai as Independent Director for four years, amendment to the Memorandum of Association to include research activities for carbon capture and decarbonization, and revision of remuneration for Wholetime Directors Sabyasachi Bandyopadhyay and Damodar Mittal. Remote e-voting commenced October 24, 2025 and ends November 22, 2025, with results to be announced by November 25, 2025. The ESOP scheme covers up to 5.1 crore options convertible to equity shares, with eligibility extended to employees of subsidiary, associate, and holding companies.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
1,207.90
#1 2,89,590.70
47.68
1,69,518.00
-3.69
#1 3,491
307.43
68.13
185.19
2,26,963.00
53.33
#1 2,20,083.00
-4.72
3,174
118.53
73.14
1,070.60
#3 1,09,506.50
#7 36.44
#4 50,296.20
#5 -0.43
#3 2,846
#9 -26.19
62.06
803.70
66,206.40
25.78
39,757.40
2.14
2,500
10.62
58.16
140.55
54,589.00
18.00
1,03,354.10
-2.90
2,372
#1 810.27
67.06
558.85
19,194.20
20.43
4,815.30
18.83
681
120.33
51.82
45.07
13,970.20
-
8,574.60
#1 170.66
-2,374
80.72
51.96
96.44
8,568.80
20.44
6,418.50
-3.17
558
-66.19
47.77
274.50
4,756.90
24.25
3,552.10
3.82
162
124.37
60.39
164.96
2,877.50
#1 8.08
2,949.60
-
386
0.99
53.89
Growth Rate
Revenue Growth
-0.43 %
Net Income Growth
-52.12 %
Cash Flow Change
80.15 %
ROE
-54.82 %
ROCE
-32.11 %
EBITDA Margin (Avg.)
-6.34 %

Quarterly Financial Results

Quarterly Financials
Mar 2015
Jun 2015
Sept 2015
Dec 2015
Mar 2016
Jun 2016
Sept 2016
Dec 2016
Mar 2017
Jun 2017
Sept 2017
Dec 2017
Mar 2018
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
4,510
4,454
4,543
4,229
5,137
4,536
4,486
5,297
6,353
5,607
6,037
6,905
8,523
9,665
10,239
9,580
10,159
9,946
7,714
7,586
7,058
6,560
8,308
9,776
10,622
10,663
13,710
12,780
15,022
13,911
13,522
12,470
13,708
12,644
12,282
11,737
13,522
13,652
11,248
11,777
13,255
12,325
11,708
Expenses
3,793
3,397
4,173
3,812
3,974
4,297
3,817
4,131
4,738
4,316
4,900
5,386
6,900
7,389
7,775
7,489
10,048
7,773
6,248
5,952
5,175
4,731
5,754
5,529
6,392
8,572
9,018
9,215
11,676
9,607
12,489
10,453
11,658
9,961
9,965
8,859
11,043
10,779
9,013
9,567
12,151
9,289
9,605
EBITDA
717
1,057
370
418
1,163
239
669
1,166
1,615
1,291
1,137
1,519
1,623
2,277
2,464
2,092
111
2,174
1,466
1,634
1,884
1,828
2,554
4,247
4,230
2,091
4,692
3,565
3,346
4,304
1,033
2,016
2,050
2,683
2,317
2,878
2,479
2,874
2,235
2,210
1,104
3,036
2,103
Operating Profit %
15 %
22 %
8 %
8 %
19 %
5 %
15 %
22 %
22 %
23 %
19 %
22 %
19 %
24 %
22 %
22 %
1 %
22 %
19 %
21 %
24 %
28 %
30 %
40 %
40 %
19 %
34 %
26 %
19 %
26 %
8 %
16 %
15 %
21 %
19 %
24 %
18 %
21 %
20 %
19 %
8 %
24 %
18 %
Depreciation
701
996
844
638
1,232
917
999
1,027
1,006
962
998
963
960
1,040
1,031
1,036
2,373
1,054
929
906
649
606
612
608
588
602
610
613
272
596
614
608
873
588
604
636
995
683
696
698
691
722
750
Interest
771
852
765
806
853
853
872
835
864
901
927
967
1,071
973
1,086
1,042
1,163
1,109
938
909
890
834
701
643
576
561
482
472
374
364
365
346
371
329
329
315
321
332
326
313
342
297
371
Profit Before Tax
-678
-753
-1,045
-798
-967
-1,381
-1,021
-586
-56
-510
-699
-323
-332
264
347
14
-3,426
11
-427
-202
330
376
1,229
2,990
3,059
908
3,601
2,480
2,701
3,344
54
1,062
806
1,767
1,384
1,927
1,164
1,859
1,213
1,199
72
2,018
982
Tax
-101
-197
-52
-214
-332
-142
-275
-132
44
-90
-202
-50
93
154
67
101
-712
99
-27
16
25
136
332
424
920
894
923
614
494
573
-165
544
340
75
-6
-1
230
521
353
249
375
522
347
Net Profit
-577
-556
-993
-584
-636
-1,238
-746
-453
-100
-421
-498
-273
-425
110
279
-87
-2,713
-87
-399
-219
306
240
897
2,567
2,139
14
2,678
1,866
2,207
2,771
219
518
466
1,692
1,390
1,928
934
1,338
861
951
-304
1,496
635
EPS in ₹
-5.68
-3.71
-9.94
-6.27
-6.95
-11.83
-8.15
-4.45
-1.09
-4.23
-4.90
-2.91
-3.35
1.87
3.55
-0.25
-22.17
0.09
-2.98
-2.20
3.98
1.79
-7.57
22.03
19.30
0.40
25.33
15.85
14.81
19.73
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

Balance Sheet

Balance Sheet
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
75,537
92,398
90,598
89,230
89,585
89,742
77,840
76,644
69,442
78,715
85,839
Fixed Assets
46,643
65,071
65,932
68,450
69,622
69,381
54,349
45,488
43,542
48,384
48,989
Current Assets
15,956
12,732
12,934
14,313
14,311
15,991
20,319
26,609
15,476
17,748
17,546
Capital Work in Progress
9,068
11,827
9,716
4,978
4,027
3,126
1,712
2,538
7,870
9,611
16,725
Investments
1,432
359
368
146
150
181
1,156
470
907
819
2,201
Other Assets
18,393
15,142
14,582
15,657
15,786
17,055
20,624
28,147
17,123
19,901
17,925
Total Liabilities
75,537
92,398
90,598
89,230
89,585
89,742
77,840
76,644
69,442
78,715
85,839
Current Liabilities
15,632
16,547
20,872
19,453
21,404
23,243
19,280
22,702
15,499
16,010
16,515
Non Current Liabilities
38,006
42,516
39,029
38,952
36,055
35,138
27,624
16,846
14,924
17,955
21,905
Total Equity
21,899
33,336
30,697
30,825
32,127
31,361
30,937
37,095
39,019
44,751
47,419
Reserve & Surplus
20,951
32,345
29,959
30,283
32,326
32,035
31,653
35,464
38,546
44,156
47,084
Share Capital
92
92
92
97
97
102
102
101
101
100
101

Cash Flow

Cash Flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
173
-601
-256
17
-67
365
5,465
-1,403
757
-955
-689
Investing Activities
-6,717
-2,262
-1,998
-1,431
-832
-1,600
-1,884
-2,331
-4,090
-8,344
-12,323
Operating Activities
1,183
4,333
6,850
7,724
9,027
9,526
11,961
16,048
7,347
6,008
10,824
Financing Activities
5,708
-2,672
-5,108
-6,276
-8,261
-7,562
-4,612
-15,120
-2,501
1,381
809

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Promoter
60.47 %
60.47 %
60.47 %
60.44 %
60.45 %
60.44 %
61.20 %
61.20 %
61.20 %
61.20 %
61.20 %
61.20 %
61.20 %
61.19 %
61.19 %
61.19 %
62.22 %
62.36 %
62.37 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
12.23 %
0.00 %
11.93 %
12.63 %
12.19 %
10.99 %
9.59 %
9.76 %
9.43 %
DIIs
16.36 %
14.47 %
14.85 %
16.66 %
17.11 %
15.46 %
14.57 %
14.18 %
13.91 %
14.38 %
15.22 %
14.69 %
14.73 %
15.34 %
16.05 %
17.26 %
17.72 %
18.09 %
18.74 %
Government
0.43 %
0.73 %
0.73 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
8.19 %
9.28 %
9.18 %
8.77 %
7.65 %
7.81 %
7.26 %
6.45 %
6.30 %
6.25 %
6.29 %
6.28 %
6.26 %
6.45 %
6.42 %
6.42 %
6.36 %
6.36 %
6.06 %
Others
14.55 %
15.04 %
14.77 %
14.12 %
14.79 %
16.28 %
16.97 %
18.17 %
18.60 %
18.18 %
5.07 %
17.84 %
5.88 %
4.38 %
4.15 %
4.15 %
4.11 %
3.43 %
3.40 %
No of Share Holders
0
1,76,106
2,70,135
3,04,802
2,99,954
2,56,046
3,01,830
2,72,333
2,35,473
2,30,774
2,38,054
2,50,732
2,59,991
2,80,533
2,87,902
2,98,258
3,05,285
3,02,190
2,90,386

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 0.00 0.00 0.00 0.00 0.00 3 2 2 2
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.55 0.24 0.22 0.19

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
19 Mar 2022 DIVIDEND Dividend
₹ 1.00 /share
16 Mar 2022 449.70 476.90
21 Sept 2022 DIVIDEND Dividend
₹ 2.00 /share
20 Sept 2022 396.45 438.60
18 Aug 2023 DIVIDEND Dividend
₹ 2.00 /share
18 Aug 2023 575.50 645.25
22 Aug 2024 DIVIDEND Dividend
₹ 2.00 /share
22 Aug 2024 930.35 957.35
30 Aug 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
30 Aug 2024 919.15 961.05
06 Nov 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
06 Nov 2024 924.30 936.05
30 Jan 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
30 Jan 2025 918.90 849.00
30 Apr 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
30 Apr 2025 917.40 895.00
16 Jun 2025 CHANGE OF NAME Change Of Name
NA
16 Jun 2025 920.70 920.70
12 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
12 Aug 2025 986.50 991.00
22 Aug 2025 DIVIDEND Dividend
₹ 2.00 /share
22 Aug 2025 895.00 1,010.15
30 Aug 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
30 Aug 2025 999.50 945.80
28 Oct 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
28 Oct 2025 1,009.80 1,033.85

Announcements

AUDIO RECORDING OF EARNINGS CALL HELD ON OCTOBER 29 20255 hours ago
Announcement under Regulation 30 (LODR)-Newspaper Publication6 hours ago
Announcement under Regulation 30 (LODR)-Investor Presentation8 hours ago
Announcement under Regulation 30 (LODR)-Change in Management1 day ago
Results - Financial Results For September 30 20251 day ago
Board Meeting Outcome for OUTCOME OF THE MEETING OF THE BOARD OF DIRECTORS HELD ON OCTOBER 28 20251 day ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation5 days ago
Announcement under Regulation 30 (LODR)-Newspaper Publication5 days ago
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot6 days ago
Board Meeting Intimation for Approval Of The Un-Audited Financial Results Both On Standalone & Consolidated Basis For The Quarter & Half Year Ended September 30 2025.7 days ago
Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Oct 10, 2025
Announcement under Regulation 30 (LODR)-Credit RatingOct 10, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 10, 2025
Announcement under Regulation 30 (LODR)-Change in DirectorateOct 04, 2025
Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Oct 04, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementOct 04, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 30, 2025
Closure of Trading WindowSep 29, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 27, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 26, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 23, 2025
Intimation Of Change In Corporate Website DomainSep 23, 2025
Appointment of Company Secretary and Compliance OfficerSep 20, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Sep 04, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Sep 04, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 31, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMAug 30, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 28, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 21, 2025
TRANSCRIPT OF EARNINGS CONFERENCE CALL HELD ON AUGUST 13 2025Aug 21, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 21, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 19, 2025
AUDIO RECORDING OF EARNINGS CALL HELD ON AUGUST 13 2025Aug 13, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 13, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationAug 12, 2025
Results - Financial Results For June 30 2025Aug 12, 2025
Board Meeting Outcome for OUTCOME OF THE MEETING OF THE BOARD OF DIRECTORS HELD ON AUGUST 12 2025Aug 12, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 08, 2025
Intimation Of Record Date Pursuant To Regulation 42 Of The Securities & Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 08, 2025
Business Responsibility and Sustainability Reporting (BRSR)Aug 08, 2025
SUBMISSION OF THE INTEGRATED ANNUAL REPORT FOR THE FINANCIAL YEAR 2024-25 AND NOTICE OF THE 46TH ANNUAL GENERAL MEETINGAug 08, 2025
Reg. 34 (1) Annual Report.Aug 08, 2025
Board Meeting Intimation for Consideration And Approval Of The Un-Audited Financial Results Of The Company Both On Standalone And Consolidated Basis For The 1St Quarter And Three Months Ended On June 30 2025 Of The Financial Year 2025-26.Aug 07, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 06, 2025
Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 06, 2025
Announcement under Regulation 30 (LODR)-Change in DirectorateJul 29, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 22, 2025
Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotJul 19, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementJul 15, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 09, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
Kotak Arbitrage Fund Direct-Growth
0.34%
887500
0.16%
0.31%
Mirae Asset Large Cap Fund Direct- Growth
0.68%
-877235
-0.14%
-0.29%
HDFC Multi Cap Fund Direct - Growth
0.00%
-700000
-0.36%
-0.37%
Aditya Birla Sun Life Quant Fund Direct-Growth
2.60%
572645
2.60%
2.60%
Axis Midcap Direct Plan-Growth
1.15%
416894
0.25%
0.10%
HSBC Value Fund Direct-Growth
1.43%
327900
0.37%
0.37%
Kotak Balanced Advantage Fund Direct - Growth
0.20%
318762
0.20%
0.19%
ICICI Prudential India Opportunities Fund Direct - Growth
0.00%
-222236
-0.07%
-0.75%
ICICI Prudential Children's Fund Direct-Growth
0.00%
-215000
-1.48%
-1.49%
Aditya Birla Sun Life ELSS Tax Saver Direct-Growth
1.54%
-200000
0.05%
0.04%
ICICI Prudential Equity Arbitrage Direct-Growth
0.20%
160000
0.07%
0.01%
HDFC Manufacturing Fund Direct - Growth
1.65%
-159466
0.04%
0.05%
ICICI Prudential Multicap Fund Direct Plan-Growth
0.95%
142108
0.18%
0.95%
Invesco India Arbitrage Fund Direct-Growth
0.15%
133750
0.06%
-0.22%
Baroda BNP Paribas Flexi Cap Fund Direct - Growth
1.08%
125000
1.08%
1.08%
HSBC Multi Cap Fund Direct - Growth
0.57%
120700
0.29%
0.28%
Axis Multicap Fund Direct-Growth
0.56%
120000
0.18%
0.17%
Axis Business Cycles Fund Direct-Growth
0.54%
114999
0.54%
0.54%
Aditya Birla Sun Life Arbitrage Fund Direct-Growth
0.07%
101250
0.05%
0.06%
HDFC Arbitrage Fund Wholesale Direct-Growth
0.21%
100625
0.07%
0.07%
Tata Arbitrage Fund Direct - Growth
0.51%
-98750
-0.01%
-0.08%
Axis Multi Asset Allocation Direct Plan -Growth
0.63%
95501
0.63%
0.63%
DSP Natural Resources and New Energy Fund Direct Plan-Growth
9.00%
84332
1.00%
0.95%
SBI Arbitrage Opportunities Fund Direct-Growth
0.26%
-82500
0.02%
0.06%
ICICI Prudential Nifty Next 50 Index Direct-Growth
1.75%
70216
0.22%
0.22%

Technical Indicators

RSI(14)
Neutral
63.05
ATR(14)
Volatile
24.80
STOCH(9,6)
Neutral
60.06
STOCH RSI(14)
Neutral
76.86
MACD(12,26)
Bullish
2.85
ADX(14)
Weak Trend
13.78
UO(9)
Bearish
55.49
ROC(12)
Uptrend And Accelerating
3.19
WillR(14)
Overbought
-4.59

About Jindal Steel

Jindal Steel and Power Limited (JSP) is an Indian integrated steel producer and part of the O.P. Jindal Group. The company operates manufacturing units in Raigarh, Angul, Barbil, and Patratu, with a total capacity of 9.6 MTPA of liquid steel and 6.65 MTPA of finished steel. JSP's product portfolio includes TMT bars, plates, coils, beams, columns, rails, and other steel products. The company also has captive thermal power generation capacity and interests in coal mining assets in Australia, Mozambique, and South Africa. JSP operates through three segments: Iron and steel products, Power, and Others. The company has achieved milestones such as producing India's longest 121-meter rails and introducing large-size parallel flange beams. In 2022-23, JSP divested its stake in Jindal Power Limited and acquired a 1,050 MW thermal power plant near its Angul Steel Plant.
Chairperson NameNaveen Jindal