Jindal Stainless has reaffirmed its volume growth target of 7-9% and announced that updated guidance on volume and EBITDA per tonne will be issued following the completion of the first half of the fiscal year. The company's approach reflects a data-driven communication strategy, deferring revised projections until actual H1 performance is assessed. Investors and stakeholders are expected to receive greater clarity on key financial metrics once the half-year review is complete.
03Aug 26
Jindal Stainless Q1 Results: Net Profit rises to ₹7.7B, revenue up YoY
Jindal Stainless reported Q1 consolidated net profit of 7.7B rupees, up from 7.14B rupees YoY, alongside revenue growth to 113B rupees from 102.1B rupees. EBITDA rose to 13.3B rupees from 13.1B rupees YoY, though the EBITDA margin narrowed to 11.78% from 12.83% in the same quarter last year. The results reflect top-line and absolute profit growth, with some margin compression on a year-on-year basis.
Goldman Sachs Initiates Buy Rating on Jindal Stainless with Target Price of ₹1,000
Goldman Sachs has initiated coverage on Jindal Stainless with a Buy rating and a target price of ₹1,000. The brokerage highlights rising domestic stainless steel demand, a growing value-added product portfolio, and capacity expansion plans to 8.2 mtpa as key drivers. A strong balance sheet and attractive valuations further support the positive outlook. Goldman Sachs also notes the company's potential to become the world's second-largest stainless steel producer.
Investec Maintains Buy Rating on Jindal Stainless with Target Price of ₹825
Investec has maintained a Buy rating on Jindal Stainless with a target price of ₹825, even as the stock has corrected 23% over the past six months amid capex and gas-related concerns. The brokerage highlighted the company's effective navigation of gas disruptions with limited impact on production and spreads. Strong first-half execution has been cited as a basis for potential guidance upgrades, while a disciplined, RoCE-focused capex strategy and ongoing deleveraging reinforce the positive outlook.
HSBC Initiates Buy Rating on Jindal Stainless with ₹800 Target Price
HSBC has initiated a Buy rating on Jindal Stainless with a target price of ₹800, driven by multi-year demand visibility from urbanisation and infrastructure growth. The brokerage expects demand growth to outpace capacity additions, while policy protection from imports and the company's strong balance sheet support earnings prospects.
Jindal Stainless Acquires 33.64% Stake in Oyster Green Hybrid One for 282 MW Renewable Energy Project
Jindal Stainless has acquired a 33.64% stake in Oyster Green Hybrid One Private Limited, an SPV for a 282 MW hybrid renewable energy project. The company has initially invested ₹79.20 crore, with plans to invest a total of ₹132.00 crore. The project aims to supply 700 million units of renewable power annually and is expected to be commissioned by Q3 FY26.
11May 25
Jindal Stainless Unveils Ambitious Rs 40,000 Crore Investment Plan in Maharashtra
Jindal Stainless is in talks with the Maharashtra government to acquire land for a new stainless steel facility. The project, estimated to cost Rs 40,000 crore, is planned over a 10-year timeline and aims to create a 4 million tonnes annual melting capacity. This expansion is expected to generate 15,000 jobs and is part of the company's broader strategy to increase its total capacity to 4.20 million tonnes by FY27. The investment could significantly boost Maharashtra's industrial sector and strengthen India's position in the global stainless steel market.
08May 25
Jindal Stainless Reports 17.8% Profit Increase in Q4FY25, Declares Dividend
Jindal Stainless announced its Q4 FY2025 results, reporting a 17.8% year-on-year increase in consolidated net profit to ₹590.00 crore. Revenue grew by 7.9% to ₹10,198.00 crore. The company declared a final dividend of ₹2.00 per share, bringing the total FY2025 dividend to ₹3.00 per share. EBITDA margin for Q4 stood at 10.4%.
22Apr 25
Jindal Stainless Unveils Odisha's Largest Captive Industrial Solar Plant
Jindal Stainless has commissioned Odisha's largest captive industrial solar plant at its Jajpur manufacturing unit. The 30 MWp facility includes a 7.32 MWp floating solar plant and a 23.02 MWp rooftop solar system. It will generate 44.30 million units of green energy annually, reducing CO2 emissions by 32,208 metric tonnes per year. This project is part of Jindal Stainless' commitment to achieve Net Zero by 2050 and its plan to invest INR 700 crore in decarbonization projects over the next five years.