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 ₹ 1,06,278 Cr.
- Current Price ₹ 1,042
- High / Low ₹ 1,306 / 930
- Stock P/E 26.4
- Book Value ₹ 499
- Dividend Yield 0.19 %
- ROCE 9.70 %
- ROE 8.22 %
- Face Value ₹ 1.00
Pros
Cons
- The company has delivered a poor sales growth of 9.01% over past five years.
- Company has a low return on equity of 9.84% over last 3 years.
- Dividend payout has been low at 5.54% 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19,359 | 19,469 | 21,603 | 33,286 | 46,966 | 37,923 | 34,579 | 51,166 | 53,212 | 50,354 | 50,129 | 53,225 | |
| 13,919 | 16,032 | 16,894 | 26,817 | 38,553 | 31,092 | 21,472 | 35,607 | 43,270 | 40,153 | 40,640 | 43,581 | |
| Operating Profit | 5,440 | 3,437 | 4,709 | 6,469 | 8,412 | 6,831 | 13,107 | 15,559 | 9,942 | 10,202 | 9,488 | 9,644 |
| OPM % | 28% | 18% | 22% | 19% | 18% | 18% | 38% | 30% | 19% | 20% | 19% | 18% |
| -1,644 | -79 | -362 | -584 | -1,470 | 74 | -1,861 | -1,884 | -539 | 156 | -1,065 | -543 | |
| Interest | 2,606 | 3,254 | 3,441 | 3,866 | 4,264 | 3,768 | 2,753 | 1,888 | 1,446 | 1,294 | 1,312 | 1,517 |
| Depreciation | 2,733 | 4,068 | 3,949 | 3,883 | 5,480 | 3,429 | 2,414 | 2,097 | 2,691 | 2,822 | 2,768 | 3,171 |
| Profit before tax | -1,543 | -3,964 | -3,043 | -1,864 | -2,802 | -291 | 6,078 | 9,690 | 5,266 | 6,241 | 4,344 | 4,413 |
| Tax % | -6% | -22% | -17% | -13% | -14% | 37% | 30% | 30% | 25% | 5% | 34% | 24% |
| -1,452 | -3,087 | -2,538 | -1,616 | -2,412 | -400 | 4,267 | 6,766 | 3,974 | 5,943 | 2,846 | 3,361 | |
| EPS in Rs | -13.97 | -32.42 | -24.93 | -14.56 | -17.00 | -1.07 | 35.62 | 56.40 | 31.11 | 58.21 | 27.57 | 33.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 5% | 6% | 3% | 7% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 9% |
| 3 Years: | 0% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 1% |
| 3 Years: | 1% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | 21% |
| 3 Years: | 18% |
| 1 Year: | 10% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 11% |
| 3 Years: | 10% |
| Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 91 | 91 | 92 | 97 | 97 | 102 | 102 | 101 | 100 | 100 | 101 | 102 |
| Reserves | 20,951 | 32,345 | 29,959 | 30,288 | 31,988 | 32,035 | 31,713 | 35,524 | 38,606 | 44,216 | 47,084 | 50,797 |
| 42,466 | 46,797 | 45,850 | 42,962 | 39,559 | 36,824 | 29,910 | 13,502 | 13,046 | 16,472 | 18,406 | 22,610 | |
| 12,028 | 13,166 | 14,674 | 15,884 | 17,357 | 20,780 | 16,116 | 27,517 | 17,674 | 17,888 | 20,175 | 24,253 | |
| Total Liabilities | 75,537 | 92,398 | 90,575 | 89,230 | 89,001 | 89,742 | 77,840 | 76,644 | 69,427 | 78,676 | 85,766 | 97,762 |
| 46,643 | 65,038 | 65,932 | 68,450 | 69,039 | 69,382 | 54,350 | 45,488 | 43,542 | 48,384 | 48,989 | 65,209 | |
| CWIP | 9,068 | 11,827 | 9,716 | 4,978 | 4,027 | 3,126 | 1,712 | 2,538 | 7,870 | 9,611 | 16,725 | 7,265 |
| Investments | 1,785 | 392 | 368 | 146 | 150 | 181 | 1,156 | 470 | 907 | 819 | 2,201 | 3,168 |
| 18,040 | 15,142 | 14,559 | 15,657 | 15,784 | 17,054 | 20,624 | 28,147 | 17,108 | 19,862 | 17,851 | 22,120 | |
| Total Assets | 75,537 | 92,398 | 90,575 | 89,230 | 89,001 | 89,742 | 77,840 | 76,644 | 69,427 | 78,676 | 85,766 | 97,762 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,182 | 4,333 | 6,850 | 7,724 | 9,027 | 8,814 | 11,961 | 16,048 | 7,347 | 6,008 | 10,824 | 7,204 | |
| -6,717 | -2,262 | -1,998 | -1,431 | -832 | -1,476 | -1,884 | -2,331 | -4,090 | -8,344 | -12,323 | -10,734 | |
| 5,708 | -2,672 | -5,108 | -6,276 | -8,261 | -7,016 | -4,612 | -15,120 | -2,500 | 1,381 | 809 | 2,803 | |
| Net Cash Flow | 173 | -601 | -256 | 17 | -67 | 322 | 5,465 | -1,403 | 757 | -955 | -689 | -727 |
| Free Cash Flow | -3,868 | 480 | 4,496 | 6,103 | 7,837 | 7,308 | 11,124 | 13,176 | 945 | -2,418 | 334 | -2,343 |
| CFO/OP | 28% | 127% | 144% | 120% | 107% | 128% | 91% | 116% | 101% | 66% | 130% | 89% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 27 | 29 | 20 | 24 | 34 | 30 | 9 | 7 | 12 | 10 | 12 |
| Inventory Days | 323 | 181 | 185 | 191 | 146 | 207 | 196 | 130 | 87 | 117 | 87 | 115 |
| Days Payable | 137 | 129 | 150 | 162 | 117 | 181 | 133 | 94 | 69 | 78 | 88 | 126 |
| Cash Conversion Cycle | 218 | 79 | 64 | 50 | 53 | 60 | 92 | 45 | 24 | 52 | 8 | 1 |
| Working Capital Days | 87 | -83 | -141 | -62 | -58 | -79 | -65 | -1 | -38 | -21 | -35 | 3 |
| ROCE % | 5% | -1% | 1% | 3% | 4% | 5% | 17% | 24% | 14% | 13% | 11% | 10% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Steel Production Volume (Consolidated) MT (Million Tonnes) |
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| Steel Sales Volume (Consolidated) MT (Million Tonnes) |
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| Steelmaking Capacity (Crude Steel / Liquid Steel) MTPA |
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| Value-Added Sales Share % of total sales |
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| Export Sales Volume (Consolidated) MT (Million Tonnes) |
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| Number of Dealers count ・Standalone data |
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| TMT Rebar Sales Volume '000 Tonnes ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
11 Jul - Mr. Gautam Malhotra resigns as CEO effective July 15, 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Submitted Regulation 74(5) compliance certificate for quarter ended June 30, 2026.
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Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results Of The Company, Both On A Standalone And Consolidated Basis, For The 1St Quarter Ended June 30, 2026 Of The Financial Year 2026-27.
8 Jul - Board meets July 24, 2026 to approve Q1 FY27 standalone and consolidated results.
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Announcement under Regulation 30 (LODR)-Change in Management
1 Jul - Mr. Pankaj Malhan, Head Sales & Marketing, resigned effective June 30, 2026.
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Announcement under Regulation 30 (LODR)-Credit Rating
1 Jul - CARE upgraded Jindal Steel’s long-term ratings and proposed NCD issue from AA to AA+; short-term reaffirmed.
Annual reports
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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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]