Jindal Stainless Limited
₹674.25-₹8.85 (-1.3%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹64,789 Cr
- P/E
- 24.0x
- EV / EBITDA
- 14.8x
- Revenue
- ₹40,182 Cr
- Net margin
- 6.6%
- ROCE
- 21.9%
Price chart
Technical chartScreen technicals →-13.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -9.7%
- 3M
- -8.6%
- 6M
- -12.2%
- 1Y
- -13.9%
- 5Y
- +249.4%
52-week range
Day change -₹8.85 (-1.3%) from ₹683 to ₹674 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in JSL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 25.5%
Concerns1
- Negative free cash flow (₹276 Cr)
Rule-based from financial data. Not advice.
About the company
Jindal Stainless Limited manufactures and sells stainless-steel flat products in India and internationally. The company provides ferro alloys, stainless steel slabs and blooms, hot rolled coils, plates and sheets, and cold rolled coils and sheets, as well as razor-blade steel, precision strips, and long products. It serves automobile, railway and transport, process and engineering, consumer durables, and architecture building construction sectors. Jindal Stainless Limited was founded in 1970 and is based in New Delhi, India.
- Sector
- Materials
- Shares outstanding
- 82.6 Cr shares
- ISIN
- INE220G01021
- BSE code
- 532508
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹64,789 Cr
- P/E
- 24.0x
- P/B
- 3.7x
- EV / EBITDA
- 14.8x
- EV / Sales
- 1.7x
- P/S
- 1.7x
- Earnings yield
- 4.2%
- 52-week high
- ₹866.25
- 52-week low
- ₹661.60
Profitability
- Operating margin
- 10.0%
- Net margin
- 6.6%
- EBITDA margin
- 11.6%
- ROE
- 18.5%
- ROCE
- 21.9%
- ROA
- 9.2%
- Dividend payout
- 10.0%
- Tax rate
- 24.0%
- Other income, % of PBT
- 17.8%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹40,182 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 4.8%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 25.5%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹4,437 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 20.8%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.1%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 75.3%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹3,683 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 30.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹428 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.4%
Solvency and efficiency
- Current ratio
- 1.71
- Debt / Equity
- 0.28
- Debt / Assets
- 0.14
- Debt / EBITDA
- 0.88
- Interest coverage
- 9.79
- Financial leverage
- 2.01
- CFO / Net profit
- 1.46
- Cash / Market cap
- 21.9%
- Cash per share
- ₹172.00
- Asset turnover
- 1.39
- Fixed asset turnover
- 4.02
- Capital intensity
- 0.25
- Debtor days
- 29 days
- Inventory turnover
- 3.58
- Cash conversion cycle
- 36 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹7 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹36,444 Cr |
| Sales | Operating profit | ₹3,738 Cr |
| Operating profit | Interest | ₹442 Cr |
| Operating profit | Depreciation | ₹735 Cr |
| Operating profit | Profit before tax | ₹2,561 Cr |
| Other income | Profit before tax | ₹958 Cr |
| Profit before tax | Tax and other | ₹808 Cr |
| Profit before tax | Net profit | ₹2,711 Cr |
Revenue and net profit
Revenue grew 4.8% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹11,679 Cr | ₹428 Cr |
| FY2022 | ₹32,292 Cr | ₹2,790 Cr |
| FY2023 | ₹35,030 Cr | ₹2,014 Cr |
| FY2024 | ₹38,356 Cr | ₹2,531 Cr |
| FY2025 | ₹40,182 Cr | ₹2,711 Cr |
Cash flows
FY2025: ₹4,229 Cr from operations, -₹276 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹1,295 Cr | ₹1,141 Cr |
| FY2022 | ₹1,111 Cr | ₹188 Cr |
| FY2023 | ₹2,834 Cr | ₹467 Cr |
| FY2024 | ₹3,683 Cr | ₹852 Cr |
| FY2025 | ₹4,229 Cr | -₹276 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹40,182 Cr+4.8%1Y
- Net profit
- ₹2,711 Cr+7.1%1Y
- Cash from operations
- ₹4,229 Cr
- Free cash flow
- -₹276 Cr-132.4%1Y
- Revenue CAGR, 5Y
- 25.5%
- EBITDA CAGR, 5Y
- 29.5%
- Net profit CAGR, 5Y
- 75.3%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹40,182 Cr | ₹3,738 Cr | — | ₹2,711 Cr | ₹4,229 Cr | -₹276 Cr | 16.7% | +4.8% | +7.1% |
Monthly returns
Month-by-month returns of JSL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹33,010 Cr |
| Equity capital | ₹165 Cr |
| Reserves | ₹16,032 Cr |
| Borrowings | ₹4,444 Cr |
| Other liabilities | ₹12,369 Cr |
| Assets | ₹33,010 Cr |
| Fixed assets | ₹9,488 Cr |
| Capital work in progress | ₹1,621 Cr |
| Investments | ₹3,430 Cr |
| Other assets | ₹18,471 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
JSL trades at 24.0x earnings against a peer median of 35.5x (a 32% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Jindal Stainless LimitedJSLthis companyP/E ↓ discount | ₹64,789 Cr | 24.0x | 3.7x | 18.5% | 14.8x |
| NMDC LtdNMDC | ₹72,216 Cr | 10.2x | 2.2x | 22.2% | 8.3x |
| Coromandel International LimitedCOROMANDEL | ₹69,386 Cr | 32.1x | 5.7x | 18.3% | 25.2x |
| Lloyds Metals and Energy LimitedLLOYDSME | ₹67,135 Cr | 36.6x | 8.4x | 44.2% | 37.5x |
| National Aluminium Co. Ltd.NATIONALUM | ₹65,660 Cr | 10.7x | 3.3x | 14.1% | 18.1x |
| UPL LimitedUPL | ₹65,214 Cr | 60.4x | 4.8x | 16.0% | 42.4x |
| Steel Authority of India Ltd.SAIL | ₹61,020 Cr | 23.1x | 1.1x | 5.0% | 7.5x |
| Hindustan Copper Ltd.HINDCOPPER | ₹52,185 Cr | 91.0x | 17.4x | 12.9% | 86.8x |
| Linde India LimitedLINDEINDIA | ₹51,732 Cr | 102.0x | 13.1x | — | — |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
JSL since 1 January, against earlier years.
Historical volatility
JSL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 12.0% |
| FY2022 | 15.0% |
| FY2023 | 10.0% |
| FY2024 | 10.0% |
| FY2025 | 9.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹40,182 Cr |
| Costs | |
| Interest | ₹442 Cr |
| Expenses | ₹36,444 Cr |
| Operating profitOperating Profit | ₹3,738 Cr |
| Other income and charges | |
| Profit before tax | ₹3,519 Cr |
| Tax | |
| Net profitNet Profit | ₹2,711 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹33,010 Cr |
| Equity capitalEquity Capital | ₹165 Cr |
| Reserves | ₹16,032 Cr |
| Borrowings | ₹4,444 Cr |
| Other liabilitiesOther Liabilities | ₹12,369 Cr |
| AssetsTotal Assets | ₹33,010 Cr |
| Fixed assetsFixed Assets | ₹9,488 Cr |
| Capital work in progressCWIP | ₹1,621 Cr |
| Investments | ₹3,430 Cr |
| Other assetsOther Assets | ₹18,471 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹4,229 Cr |
| Investing cash flowCash from Investing Activity | -₹4,505 Cr |
| Financing cash flowCash from Financing Activity | -₹152 Cr |
| Change in cashNet Cash Flow | -₹428 Cr |
Learn while you research
Academy chapters picked for Jindal Stainless Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 04 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 05 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read