MarketFriction

Jindal Stainless Ltd

NSE JSL · BSE 532508 · Iron & Steel
₹732.70 -1.97%
NSE close2026-10-01
52 week range652.25 - 884.00
Market cap₹60,867 Cr.
P/E18.5
Nifty 500Midcap 150Nifty Metal Price band 20% Delivery 60.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales9,7979,1279,4549,4309,7779,90710,19810,20710,89310,51811,33711,279
Expenses8,5667,8818,4198,2198,5908,7149,1658,9119,5199,1109,8829,949
Operating Profit1,2311,2461,0351,2101,1861,1931,0331,2961,3741,4081,4551,329
OPM %13%14%11%13%12%12%10%13%13%13%13%12%
Other Income140525351479987691077784153
Interest156146153143159161150144141134149146
Depreciation222236233232241242241252262269278302
Profit before tax9939177028868348907299691,0781,0821,1121,034
Tax %23%25%29%27%27%26%19%26%25%24%25%26%
Net Profit764691501646609654590715808828834769
EPS in Rs9.408.416.087.877.427.957.178.679.7910.0510.239.33
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7,1449,27911,63813,55712,95112,18832,73335,69738,56239,31242,95544,026
Expenses6,5718,11310,29412,39211,81910,76427,64232,11134,05234,84437,47338,460
Operating Profit5731,1661,3431,1651,1321,4245,0903,5864,5114,4695,4825,566
OPM %8%13%12%9%9%12%16%10%12%11%13%13%
Other Income-1463624544148171236515438388421
Interest1,030788566637586480344325554612568570
Depreciation3163253203524254037597248799561,0601,111
Profit before tax-7881165202221656904,1592,7743,5923,3394,2424,307
Tax %-29%28%34%35%56%39%25%25%25%25%25%
Net Profit-55683346145734193,1092,0842,6932,5003,1853,239
EPS in Rs-24.052.047.162.971.468.6058.5925.6832.9530.4138.7439.40
Dividend Payout %0%0%0%0%0%0%0%10%9%10%10%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth20%29%6%10%
Compounded Profit Growth23%55%15%28%
Stock Price CAGR40%34%16%0%
Return on Equity19%21%18%18%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital45468096969797105165165165165
Reserves-2141,6661,7342,3692,4952,6203,1089,71811,76614,19316,52319,626
Borrowings11,28910,3475,8885,0154,3883,9033,2304,0073,9586,0526,4027,460
Other Liabilities2,8982,7983,2083,3543,7364,0574,3008,74611,22610,35512,82713,189
Total Liabilities14,01814,85810,90910,83410,71510,67810,73522,57627,11530,76535,91740,441
Fixed Assets7,5526,8636,6096,3426,3456,1815,8558,6469,96113,25414,80018,217
CWIP14470291442915585257731,1121,7831,806
Investments143934044394544494566269701,2461,6461,547
Other Assets6,3087,5323,8683,9093,8874,0334,36512,77915,41115,15217,68818,871
Total Assets14,01814,85810,90910,83410,71510,67810,73522,57627,11530,76535,91740,441
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5549665,1151,4521,4191,1801,3081,0383,0964,8184,7183,395
Cash from Investing Activity-11,053-30-194-192-186-152-985-2,480-3,229-3,433-3,500
Cash from Financing Activity-580-1,972-5,106-1,257-1,237-991-1,119101-386-829-1,882-112
Net Cash Flow-2847-211-11437154229760-597-217
Free Cash Flow5567985,0571,2581,2131,0061,145701,4483,3672,890755
CFO/OP139%166%441%107%122%104%91%37%107%123%119%80%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days574835282520284337272926
Inventory Days14715413311696117130116125108132122
Days Payable104143119104991131239811795124106
Cash Conversion Cycle1015950412223356146413642
Working Capital Days2975-77-20-19-24-2333023125
ROCE %-0%2%9%14%12%11%16%44%21%22%18%19%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters57.94%58.68%60.49%60.48%60.48%60.70%60.87%61.10%61.23%61.22%62.04%62.04%
FIIs23.37%22.56%20.83%22.49%22.78%22.16%21.37%21.26%21.42%21.53%20.87%20.45%
DIIs5.42%5.81%6.62%6.25%5.86%6.26%6.91%7.09%7.08%7.23%7.15%7.35%
Public13.26%12.94%12.06%10.78%10.86%10.81%10.80%10.55%10.18%9.93%9.88%10.12%
Others0.00%0.00%0.00%0.00%0.00%0.04%0.01%0.01%0.09%0.08%0.06%0.04%
No. of Shareholders1,52,7091,66,1831,87,7262,02,1032,09,9102,11,9242,22,5692,19,2782,12,1252,09,0862,07,6132,11,641

Fundamentals

Market Cap₹ 60,867 Cr.
Current Price₹ 738
Stock P/E18.5
Book Value₹ 240
ROCE19.3 %
ROE17.7 %
Dividend Yield0.54 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)28%
Consolidated figures.
Valuation
Market capRs 60,371 Cr
Enterprise valueRs 64,897 Cr
P/E (TTM)18.58x
Price to book3.05x
Price to sales1.37x
EV / EBITDA10.84x
EV / EBIT13.31x
EV / sales1.47x
Price to cash flow17.78x
Earnings yield5.38%
Dividend yield0.55%
P/E, 3-year average19.51x
P/B, 3-year average3.27x
P/E, 5-year average14.66x
P/B, 5-year average2.58x
Profitability
Operating margin (excl. other income)12.76%
Operating margin (incl. other income)13.67%
EBITDA margin13.60%
Pre-tax margin9.78%
Net profit margin7.38%
Net margin, latest quarter6.82%
ROE17.51%
ROCE19.11%
ROA8.36%
ROE, 3-year average18.10%
ROCE, 3-year average20.04%
ROA, 3-year average8.42%
ROE, 5-year average24.20%
ROCE, 5-year average25.08%
ROA, 5-year average10.45%
ROIC (approx.)15.05%
Tax rate24.93%
Other income / net worth1.96%
Growth
Sales growth (latest year)9.27%
Profit growth (latest year)27.47%
Sales CAGR, 3 years6.36%
Sales CAGR, 5 years28.65%
Profit CAGR, 3 years14.73%
Profit CAGR, 5 years50.09%
Sales growth QoQ-0.52%
Profit growth QoQ-8.80%
Sales growth YoY (latest quarter)10.50%
Profit growth YoY (latest quarter)7.73%
Per share
EPS (TTM)Rs 39.43
EPS (latest year)Rs 38.76
EPS (latest quarter)Rs 9.34
EPS, 3-year averageRs 34.04
EPS, 5-year averageRs 37.28
Book value per shareRs 240.20
Sales per shareRs 534.33
Cash flow per shareRs 41.20
Free cash flow per shareRs 9.16
Dividend per share (latest year)Rs 4.00
Dividend per share, 3-year averageRs 3.33
Dividend per share, 5-year averageRs 3.12
Dividends
Dividend payout10.32%
Dividend payout, 3-year average9.76%
Dividend payout, 5-year average9.76%
Efficiency
Asset turnover1.06x
Fixed asset turnover2.36x
Inventory turnover3.67x
Inventory days100 days
Debtor days26 days
Debtors turnover13.92x
Creditor days106 days
Cash conversion cycle42 days
Working capital days5 days
Leverage
Total debtRs 7,460 Cr
Cash and bankRs 2,934 Cr
Net debtRs 4,526 Cr
Debt to equity0.38x
Net debt / EBITDA0.76x
Interest coverage8.56x
Current ratio (filing 2026-03-31)1.24x
Quick ratio (filing 2026-03-31)0.56x
Trade payables (filing 2026-03-31)Rs 8,266 Cr
Owners' fund to total sources48.94%
Debt to assets18.45%
Cash flow
Cash from Operating Activity (latest year)Rs 3,395 Cr
Cash from Investing Activity (latest year)Rs -3,500 Cr
Cash from Financing Activity (latest year)Rs -112 Cr
Net Cash Flow (latest year)Rs -217 Cr
Free cash flow (latest year)Rs 755 Cr
FCFE (approx.: FCF + change in debt)Rs 1,813 Cr
Cash from ops / profit, 5 years1.26x
Sales to cash flow12.65x
Statement figures
Net sales (TTM)Rs 44,026 Cr
Net sales (latest year)Rs 42,955 Cr
Sales (latest quarter)Rs 11,279 Cr
Operating profit excl. other income (latest year)Rs 5,482 Cr
Operating profit (latest quarter)Rs 1,329 Cr
Other income (TTM)Rs 421 Cr
EBITDA (TTM)Rs 5,987 Cr
PBDT (TTM)Rs 5,417 Cr
Profit before tax (TTM)Rs 4,307 Cr
Tax (latest year)Rs 1,058 Cr
Net profit (TTM)Rs 3,249 Cr
Net profit (latest year)Rs 3,193 Cr
Net profit (latest quarter)Rs 769 Cr
Depreciation (TTM)Rs 1,111 Cr
Depreciation (latest quarter)Rs 302 Cr
Interest (TTM)Rs 570 Cr
Cost of goods sold (latest year)Rs 34,852 Cr
Total expenditure (latest year)Rs 37,473 Cr
Total income (latest year)Rs 43,343 Cr
Share capitalRs 165 Cr
ReservesRs 19,626 Cr
Shareholders' fundsRs 19,791 Cr
Total assetsRs 40,441 Cr
Net blockRs 18,217 Cr
Capital work in progressRs 1,806 Cr
InvestmentsRs 1,547 Cr
ReceivablesRs 3,086 Cr
InventoryRs 9,508 Cr
Other liabilitiesRs 13,189 Cr
Shares outstanding (crore)82.39
Ownership
Promoter holding62.04% (+0.94 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 18.6 is at the 33th percentile of its own 9.4-year range (median 22.0, low 2.7, high 120.2).
P/B 3.05 is at the 48th percentile (median 3.06).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodJSLNifty 50Difference
1 week-0.8%-2.8% +1.9 pts
1 month-0.2%-6.8% +6.6 pts
3 months+4.9%-7.6% +12.6 pts
6 months+3.1%+0.4% +2.7 pts
1 year-6.6%-9.9% +3.3 pts
2 years-5.1%-13.6% +8.4 pts
3 years+54.0%+14.2% +39.8 pts
5 years+335.2%+27.9% +307.3 pts
101 mutual fund schemes hold about ₹2,231 Cr. Over three months 15 bought more and 75 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Bandhan Large & Mid Cap Fund1.10%232 +7%
ICICI Pru Mid Cap Fund2.60%218 -10%
Edelweiss Mid Cap Fund1.07%213 -14%
ICICI Pru Mid Cap Fund2.60%206 -10%
ICICI Pru Commodities Fund4.26%182 -12%
HSBC Value Fund1.13%174 -7%
ICICI Pru Manufacturing Fund2.08%149 -8%
UTI Large Cap Fund1.06%130 -5%
UTI Mid Cap Fund0.99%126 -5%
WOC Mid Cap Fund0.90%68 +42%
iSIF Equity Ex-Top 100 Long-Short Fund1.50%37 -2%
UTI Multi Cap Fund1.27%28 -9%
Edelweiss Flexi Cap Fund0.69%26 -10%
SBI Comma Fund1.80%22 -10%
LIC MF Large Cap Fund1.59%22 +0%
Motilal Oswal Nifty Midcap 150 Index Fund0.52%21 -8%
LIC MF Multi Asset Allocation Fund1.98%20 -7%
Bank of India Aggressive Hybrid Fund0.96%20 -38%
ICICI Pru Multi Cap Fund0.09%18 -10%
ICICI Pru Conglomerate Fund2.10%17 -18%
ICICI Pru Multi Cap Fund0.09%17 -10%
ICICI Pru Retirement Fund-Pure Equity Plan0.71%15 -11%
WOC Multi Cap Fund0.36%15 +51%
Nippon India Nifty Midcap 150 Index Fund0.52%15 -8%
ICICI Pru Retirement Fund-Hybrid Aggressive Plan1.13%14 -9%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-22JSL Overseas Holding LimitedPromoter groupbuy212,382SAST Others
2026-09-21JSL Overseas Holding LimitedPromoter groupbuy861,553SAST Others
2026-09-17JSL Overseas Holding LimitedPromoter groupbuy997,696SAST Others
2026-03-27JSL OVERSEAS HOLDING LTDPromoter Groupbuy434,303Rs 31.33 CrMarket Purchase
2026-03-24JSL OVERSEAS HOLDING LTDPromoter Groupbuy180,000Rs 12.71 CrMarket Purchase
2026-03-20JSL OVERSEAS HOLDING LTDPromoter Groupbuy81,251Market Purchase
2026-03-18JSL OVERSEAS HOLDING LTDPromoter Groupbuy95,000Rs 6.89 CrMarket Purchase
2026-03-16JSL OVERSEAS HOLDING LTDPromoter Groupbuy269,051Rs 18.90 CrMarket Purchase
2026-03-12JSL OVERSEAS HOLDING LTDPromoter Groupbuy692,015Rs 51.60 CrMarket Purchase
2026-03-10JSL OVERSEAS HOLDING LTDPromoter Groupbuy162,132Rs 11.74 CrMarket Purchase
2026-03-09JSL OVERSEAS HOLDING LTDPromoter Groupbuy401,010Rs 29.95 CrMarket Purchase
2026-03-05JSL OVERSEAS HOLDING LTDPromoter Groupbuy914,886Rs 69.85 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹11,279 Cr +10.5% vs Jun 2025. Net profit ₹769 Cr +7.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-21Dividend - Rs 3 Per Share
2026-01-29Interim Dividend - Re 1 Per Share
2025-08-22Dividend - Rs 2 Per Share
2025-02-07Interim Dividend - Re 1 Per Share
2024-09-03Annual General Meeting
2024-08-30Dividend - Rs 2 Per Share
2023-10-27Interim Dividend - Re 1 Per Share
2023-09-15Annual General Meeting/Dividend - Rs 1.50 Per Share
2023-04-28Special Interim Dividend - Re 1 Per Share
2022-09-21Annual General Meeting
2021-09-08 Annual General Meeting
2020-08-13 Annual General Meeting
2019-08-21 Annual General Meeting
2018-09-12 Annual General Meeting
2017-09-13 Annual General Meeting
2016-12-15 Annual General Meeting
2015-12-11 Annual General Meeting
2015-11-19Inferred from price: close fell to 0.391x overnight, no NSE action on record0.4000
2015-11-19 Composite Scheme Of Arrangement
2014-09-08Annual General Meeting
2013-09-16Annual General Meeting
2012-09-17Annual General Meeting
2011-09-19Annual General Meeting
2010-07-12Annual General Meeting
2009-08-20Annual General Meeting
2008-08-13Agm/Dividend - 100%
2007-08-02Agm/Dividend-20%
2007-03-29Interim Dividend-80% Purpose Revised
2006-09-07Agm/Dividend-80%
DateTypeWhat it says
2026-09-30Press ReleaseA press release dated September 30, 2026, titled "Jindal Stainless supplies stainless steel to reinforce the six-decade-old Sadhana Bhawan at Shri Kri...
2026-09-28UpdatesDisclosure pursuant to Chapter XIV-Centralized Database for corporate bonds/ debentures of SEBI Circular No: SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/00000001...
2026-09-28UpdatesIntimation under Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Lis...
2026-09-28General UpdatesFull redemption of NCDs.
2026-09-24Press ReleaseA press release dated September 24, 2026, titled "Jindal Stainless wins Gold at Brandon Hall HCM Awards 2026 for flagship talent development and caree...
2026-09-23Press ReleaseA press release dated September 23, 2026, titled "Jindal Stainless partners with Nasscom s FutureSkills Prime to strengthen digital capabilities acros...
2026-09-22Press ReleaseA press release dated September 22, 2026, titled "Dual Recognition for Jindal Stainless at CII National Energy Management Awards 2026".
2026-09-18Press ReleaseA press release dated September 18, 2026, titled "Jindal Stainless receives Awarding Body recognition from National Council for Vocational Education a...
2026-09-17General UpdatesESG Rating
2026-09-14Concall / analyst meetSchedule of meet
2026-09-09Press ReleaseA press release dated September 09, 2026, titled "Jindal Stainless Integrates ESG Risk Intelligence into Supplier Management, Strengthening Supply Cha...
2026-09-07Press ReleaseA press release dated September 07, 2026, titled "Jindal Stainless Signs Technical Assistance Agreement with Japan s JFE Steel for Ferritic Stainless ...
2026-09-03Shareholder meetingJindal Stainless Limited has submitted the Exchange a copy of Scrutinizers report and voting results of 46th Annual General Meeting held on September ...
2026-09-02Shareholder meetingProceedings of 46th Annual General Meeting held on September 02, 2026
2026-09-01General UpdatesCorporate Presentation
2026-08-31Concall / analyst meetSchedule of meet
2026-08-28UpdatesIntimation pursuant to Regulation 60 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015-Fix...
2026-08-25Credit RatingCredit Rating
2026-08-19Press ReleaseA press release dated August 19, 2026, titled "Jindal Stainless wins multiple honours at People Matters Infini-T Awards 2026".
2026-08-13Concall / analyst meetSchedule of meet
2026-08-13Press ReleaseA press release dated August 13, 2026, titled "Jindal Stainless FY26 Integrated Annual Report outlines strategic roadmap for sustainable growth and fu...
2026-08-10Concall / analyst meetTranscript
2026-08-10General UpdatesLetter sent to Shareholders pursuant to Regulation 36(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirem...
2026-08-08UpdatesBusiness Responsibility and Sustainability Report for the FY 2025-26.
2026-08-08Shareholder meetingNotice of Annual General Meeting to be held on September 02, 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Jindal Stainless Ltd?

Jindal Stainless Ltd (JSL) has a market capitalisation of Rs 60,867 Cr. at the 2026-10-01 close.

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

Jindal Stainless Ltd trades at a P/E of 18.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Jindal Stainless Ltd's latest quarterly results?

In the Jun 2026 quarter, Jindal Stainless Ltd sales was Rs 11,279 Cr (+10.5% vs Jun 2025) and net profit was Rs 769 Cr.

What is the 52-week high and low of Jindal Stainless Ltd?

The 52-week high is Rs 884.00 and the 52-week low is Rs 652.25.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03