Jindal Steel Ltd
Jindal Steel & Power Ltd is one of the India's leading steel producers with significant presence in sectors like steel and mining. The group has global presence through subsidiaries, mainly in Australia, Botswana, Indonesia, Mauritius, Mozambique, Madagascar, Namibia, South Africa, Tanzania and Zambia.[1]
- Market Cap ₹ 1,03,100 Cr.
- Current Price ₹ 1,011
- High / Low ₹ 1,098 / 723
- Stock P/E 28.7
- Book Value ₹ 486
- Dividend Yield 0.20 %
- ROCE 10.7 %
- ROE 7.68 %
- Face Value ₹ 1.00
Pros
Cons
- The company has delivered a poor sales growth of 2.47% over past five years.
- Company has a low return on equity of 10.7% over last 3 years.
- Dividend payout has been low at 5.63% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Metals & Mining Ferrous Metals Iron & Steel
Part of BSE 500 BSE 200 BSE Dollex 200 Nifty Next 50 Nifty 500
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19,286 | 19,359 | 19,469 | 21,603 | 33,286 | 46,966 | 44,376 | 34,579 | 51,166 | 53,212 | 50,354 | 50,129 | 48,914 | |
| 13,487 | 13,919 | 16,032 | 16,894 | 26,817 | 38,553 | 36,503 | 23,646 | 35,650 | 43,270 | 40,153 | 40,640 | 39,382 | |
| Operating Profit | 5,799 | 5,440 | 3,437 | 4,709 | 6,469 | 8,412 | 7,873 | 10,933 | 15,515 | 9,942 | 10,202 | 9,488 | 9,532 |
| OPM % | 30% | 28% | 18% | 22% | 19% | 18% | 18% | 32% | 30% | 19% | 20% | 19% | 19% |
| 349 | -1,644 | -79 | -362 | -584 | -1,470 | -102 | 313 | -1,840 | -539 | 156 | -1,065 | -1,079 | |
| Interest | 1,807 | 2,606 | 3,254 | 3,441 | 3,866 | 4,264 | 4,149 | 2,753 | 1,888 | 1,446 | 1,294 | 1,312 | 1,322 |
| Depreciation | 1,829 | 2,733 | 4,068 | 3,949 | 3,883 | 5,480 | 3,867 | 2,414 | 2,097 | 2,691 | 2,822 | 2,768 | 2,860 |
| Profit before tax | 2,512 | -1,543 | -3,964 | -3,043 | -1,864 | -2,802 | -246 | 6,078 | 9,690 | 5,266 | 6,241 | 4,344 | 4,271 |
| Tax % | 25% | -6% | -22% | -17% | -13% | -14% | 63% | 30% | 30% | 25% | 5% | 34% | |
| 1,896 | -1,452 | -3,087 | -2,538 | -1,616 | -2,412 | -400 | 4,267 | 6,766 | 3,974 | 5,943 | 2,846 | 2,778 | |
| EPS in Rs | 20.88 | -13.97 | -32.42 | -24.93 | -14.56 | -17.00 | -1.07 | 35.62 | 56.40 | 31.11 | 58.21 | 27.57 | 26.90 |
| Dividend Payout % | 7% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 5% | 6% | 3% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 2% |
| 3 Years: | -1% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 117% |
| 3 Years: | -16% |
| TTM: | -29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 31% |
| 3 Years: | 21% |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 12% |
| 3 Years: | 11% |
| Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 91 | 91 | 91 | 92 | 97 | 97 | 102 | 102 | 101 | 100 | 100 | 101 | 102 |
| Reserves | 22,519 | 20,951 | 32,345 | 29,959 | 30,288 | 31,988 | 32,035 | 31,713 | 35,524 | 38,606 | 44,216 | 47,084 | 49,517 |
| 36,368 | 42,466 | 46,797 | 45,850 | 42,962 | 39,559 | 36,824 | 29,910 | 13,502 | 13,046 | 16,472 | 18,406 | 19,156 | |
| 9,935 | 12,028 | 13,166 | 14,674 | 15,884 | 17,357 | 20,780 | 16,116 | 27,517 | 17,674 | 17,888 | 20,175 | 22,962 | |
| Total Liabilities | 68,913 | 75,537 | 92,398 | 90,575 | 89,230 | 89,001 | 89,742 | 77,840 | 76,644 | 69,427 | 78,676 | 85,766 | 91,737 |
| 34,989 | 46,643 | 65,038 | 65,932 | 68,450 | 69,039 | 69,382 | 54,349 | 45,488 | 43,542 | 48,384 | 48,989 | 57,724 | |
| CWIP | 17,811 | 9,068 | 11,827 | 9,716 | 4,978 | 4,027 | 3,126 | 1,712 | 2,538 | 7,870 | 9,611 | 16,725 | 12,193 |
| Investments | 342 | 1,785 | 392 | 368 | 146 | 150 | 181 | 1,156 | 470 | 907 | 819 | 2,201 | 1,797 |
| 15,771 | 18,040 | 15,142 | 14,559 | 15,657 | 15,784 | 17,054 | 20,624 | 28,147 | 17,108 | 19,862 | 17,851 | 20,023 | |
| Total Assets | 68,913 | 75,537 | 92,398 | 90,575 | 89,230 | 89,001 | 89,742 | 77,840 | 76,644 | 69,427 | 78,676 | 85,766 | 91,737 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,580 | 1,182 | 4,333 | 6,850 | 7,724 | 9,027 | 9,526 | 11,961 | 16,048 | 7,347 | 6,008 | 10,824 | |
| -12,694 | -6,717 | -2,262 | -1,998 | -1,431 | -832 | -1,600 | -1,884 | -2,331 | -4,090 | -8,344 | -12,323 | |
| 8,879 | 5,708 | -2,672 | -5,108 | -6,276 | -8,261 | -7,562 | -4,612 | -15,120 | -2,500 | 1,381 | 809 | |
| Net Cash Flow | 766 | 173 | -601 | -256 | 17 | -67 | 365 | 5,465 | -1,403 | 757 | -955 | -689 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 32 | 27 | 29 | 20 | 24 | 29 | 30 | 9 | 7 | 12 | 10 |
| Inventory Days | 284 | 323 | 181 | 185 | 191 | 146 | 159 | 196 | 130 | 87 | 117 | 87 |
| Days Payable | 151 | 137 | 129 | 150 | 162 | 117 | 139 | 133 | 94 | 69 | 78 | 88 |
| Cash Conversion Cycle | 166 | 218 | 79 | 64 | 50 | 53 | 49 | 92 | 45 | 24 | 52 | 8 |
| Working Capital Days | -106 | 87 | -83 | -141 | -62 | -58 | -67 | -65 | -1 | -38 | -21 | -35 |
| ROCE % | 8% | 5% | -1% | 1% | 3% | 4% | 6% | 14% | 24% | 14% | 13% | 11% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 35s
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
2d - Promoter Jindal Cement bought 1,34,263 JSL shares (0.01%) on 27/11/2025; holding 0.21%.
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
28 Nov - Jindal Cement bought 91,212 JSL shares (0.01%) on 25-Nov-2025; holding now 0.20%.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 28 Nov
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
28 Nov - Jindal Cement bought 4,97,337 Jindal Steel shares (0.05%) on 21-Nov-2025; holding now 13,34,390 (0.13%).
Annual reports
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Financial Year 2012
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Concalls
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Product Portfolio
The company offers a range of steel products including plates & coils, wire rod & TMT rebar, track rails, structural steel products such as beams and columns, channels, angles, etc. [1]