Jindal Steel

Jindal Steel

1,040.30
+21.10
(2.07%)
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Key Fundamentals
Add Ratio
Market Cap
1,03,967.40 Cr
EPS
27.83
PE Ratio
27.23
Dividend Yield
0.19 %
52 Week High
1,087.60
52 Week Low
723.35
PB Ratio
2.20
Debt to Equity
0.38
Analyst Rating and Forecast
- By Refinitiv from25 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+68.00 %
+68.00 %
Hold
Hold+16.00 %
+16.00 %
Sell
Sell+16.00 %
+16.00 %
Forecast For
Actual

Company News

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neutral
Thyssenkrupp and Czech tycoon Daniel Kretinsky have mutually agreed to abandon plans for a 50/50 joint venture for Thyssenkrupp Steel Europe. The EP Group will return its 20 percent stake in TKSE to Thyssenkrupp and receive reimbursement for the purchase price. This development clears a potential obstacle for Jindal Steel's takeover bid for Germany's largest steelmaker. Jindal Steel made a non-binding offer for TKSE in September, which Thyssenkrupp said it would carefully review with particular attention to job implications. The EP Group stated it respects Thyssenkrupp's preference to focus discussions with Jindal Steel International. Thyssenkrupp wants to divest its struggling steel unit facing cheaper Asian competition. TKSE announced plans to cut 11,000 jobs by 2030 and reduce production capacity from 11.5 million tons to 9 million tons annually.
positive
Jindal Steel has successfully commissioned a 250 MT Basic Oxygen Furnace (BOF) Converter at its Angul integrated steel plant, adding 3 MTPA of crude steelmaking capacity. The expansion increases the company's total capacity at Angul from 6 MTPA to 9 MTPA, with the first heat already tapped from the new facility. The commissioning works in conjunction with Blast Furnace 2 to synchronize hot metal and steelmaking capacities, ensuring higher throughput into downstream products. Chairman Naveen Jindal stated that the new BOF strengthens India's steel self-reliance capabilities. The company aims to achieve 12 MTPA capacity at Angul within the current financial year. Jindal Steel operates with a mine-to-metal model and has an investment footprint exceeding USD 12 billion across facilities in Angul, Raigarh, and Patratu.
positive
Jindal Steel Becomes India's First Diversified Large Enterprise Recognized as NCVET Awarding BodySep 27, 2025
Jindal Steel has been recognized as an Awarding Body by the National Council for Vocational Education and Training (NCVET) under the Ministry of Skill Development & Entrepreneurship. The company is the first diversified large Indian enterprise and first integrated steel manufacturer to receive this recognition. The designation grants Jindal Steel PAN-India jurisdiction to design industry-aligned skilling programmes under the National Education Policy and National Credit Framework, focusing on decarbonisation, circular economy, and advanced technologies. Chairman Naveen Jindal stated the recognition allows the company to bring industry standards directly into education and skilling for young Indians. Jindal Steel operates with an investment footprint exceeding USD 12 billion and runs facilities in Angul, Raigarh, and Patratu, with strategic operations across India and Africa.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
1,175.20
#1 2,80,053.40
54.88
1,69,518.00
-3.69
#1 3,491
154.79
69.15
176.42
2,14,641.80
44.87
#1 2,20,083.00
-4.72
3,174
118.53
64.65
1,040.30
#3 1,03,967.40
#7 27.23
#4 50,296.20
#5 -0.43
#3 2,846
#7 11.82
51.26
770.15
62,079.30
24.09
39,757.40
2.14
2,500
10.62
52.16
136.46
54,407.30
17.90
1,03,354.10
-2.90
2,372
#1 810.27
60.00
571.25
19,791.50
21.15
4,815.30
18.83
681
120.33
50.18
46.34
13,167.20
-
8,574.60
#1 170.66
-2,374
104.68
58.14
98.05
8,924.60
21.26
6,418.50
-3.17
558
-66.19
44.59
269.85
4,758.70
24.15
3,552.10
3.82
162
124.37
50.42
165.11
2,892.00
#1 8.12
2,949.60
-
386
0.99
48.83
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
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
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
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
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 %
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
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
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
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
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
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

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
89,001
89,742
77,840
76,644
69,442
78,715
85,839
Fixed Assets
46,643
65,071
65,932
68,450
69,039
69,381
54,349
45,488
43,542
48,384
48,989
Current Assets
15,956
12,732
12,934
14,313
14,310
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
15,784
17,055
20,624
28,147
17,123
19,901
17,925
Total Liabilities
75,537
92,398
90,598
89,230
89,001
89,742
77,840
76,644
69,442
78,715
85,839
Current Liabilities
15,632
16,547
20,872
19,453
21,387
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
31,559
31,361
30,937
37,095
39,019
44,751
47,419
Reserve & Surplus
20,951
32,345
29,959
30,283
31,983
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
322
5,465
-1,403
757
-955
-689
Investing Activities
-6,717
-2,262
-1,998
-1,431
-832
-1,476
-1,884
-2,331
-4,090
-8,344
-12,323
Operating Activities
1,183
4,333
6,850
7,724
9,027
8,814
11,961
16,048
7,347
6,008
10,824
Financing Activities
5,708
-2,672
-5,108
-6,276
-8,261
-7,016
-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
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 %
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 %
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 %
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 %
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 %
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 %
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

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 0.2

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

Announcements

Announcement under Regulation 30 (LODR)-Change in Directorate5 days ago
Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 20155 days ago
Announcement under Regulation 30 (LODR)-Change in Management5 days ago
Announcement under Regulation 30 (LODR)-Press Release / Media Release9 days ago
Closure of Trading Window10 days ago
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
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 05, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 03, 2025
Closure of Trading WindowJun 30, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJun 30, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 26, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 25, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 23, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementJun 23, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jun 23, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 19, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 18, 2025
Shareholder Meeting / Postal Ballot-Notice of Postal BallotJun 18, 2025
Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015Jun 16, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
Kotak Flexicap Fund Direct-Growth
0.00%
-19000000
-3.35%
-3.44%
SBI Large & Midcap Fund Direct Plan-Growth
0.00%
-7121675
-2.03%
-1.98%
Kotak Large & Midcap Fund Direct-Growth
0.00%
-5200000
-1.78%
-1.79%
Kotak Midcap Fund Direct-Growth
0.00%
-5157150
-0.86%
-0.87%
DSP Midcap Direct Plan-Growth
0.00%
-4374445
-2.17%
-1.70%
HDFC Balanced Advantage Fund Direct-Growth
0.00%
-4313806
-0.40%
-0.41%
Aditya Birla Sun Life Flexi Cap Fund Direct-Growth
0.00%
-3459395
-1.42%
-1.44%
Mirae Asset Large Cap Fund Direct- Growth
0.00%
-3396501
-0.81%
-0.96%
Axis Midcap Direct Plan-Growth
0.00%
-2951077
-0.90%
-1.05%
ICICI Prudential Midcap Direct Plan-Growth
0.00%
-2786470
-4.06%
-4.03%
ICICI Prudential Commodities Fund Direct - Growth
0.00%
-2627255
-8.51%
-8.64%
Aditya Birla Sun Life ELSS Tax Saver Direct-Growth
0.00%
-2395833
-1.49%
-1.50%
Sundaram Mid Cap Fund Direct-Growth
0.00%
-2380218
-1.80%
-1.82%
DSP Equity Opportunities Fund Direct Plan-Growth
0.00%
-2104319
-1.30%
-1.31%
Bandhan Value Fund Direct-Growth
0.00%
-2000000
-1.92%
-1.94%
DSP ELSS Tax Saver Fund Direct Plan-Growth
0.00%
-1979684
-1.14%
-1.13%
HDFC Large and Mid Cap Fund Direct- Growth
0.00%
-1900000
-0.69%
-0.69%
SBI Equity Hybrid Fund Direct Plan-Growth
0.00%
-1875000
-0.23%
-0.23%
Bandhan Large & Mid Cap Fund Direct-Growth
0.00%
-1541350
-1.42%
-1.49%
Nippon India Value Fund Direct-Growth
0.00%
-1440400
-1.59%
-1.59%
Kotak Arbitrage Fund Direct-Growth
0.00%
-1396875
-0.18%
-0.03%
Bandhan ELSS Tax Saver Fund Direct Plan-Growth
0.00%
-1350000
-1.85%
-1.87%
ICICI Prudential Nifty Next 50 Index Direct-Growth
0.00%
-1241992
-1.54%
-1.54%
ICICI Prudential Multicap Fund Direct Plan-Growth
0.00%
-1239560
-0.77%
0.00%
Aditya Birla Sun Life Value Direct Fund-Growth
0.00%
-1233242
-1.98%
-2.14%

Technical Indicators

RSI(14)
Neutral
45.40
ATR(14)
Less Volatile
24.75
STOCH(9,6)
Neutral
52.62
STOCH RSI(14)
Oversold
11.05
MACD(12,26)
Bearish
-4.40
ADX(14)
Weak Trend
16.27
UO(9)
Bearish
48.49
ROC(12)
Downtrend And Accelerating
-2.56
WillR(14)
Oversold
-95.53

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