Jindal Stainless Ltd

₹ 748 -0.07%

04 Dec - close price

jindalstainless.com BSE: 532508 NSE: JSL

About

Jindal Stainless Ltd is one of the largest manufacturers of Stainless Steel flat products, in Austenitic, Ferritic, Martensitic and Duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods etc. ^[1]

Key Points

Products and Applications
The Co is the largest manufacturer of stainless steel in 200, 300, 400 and duplex stainless steel series. The product range includes Ferro Alloys, Steel Slabs, Hot Rolled Coils, Cold Rolled Coils, Steel Plates etc. ^[1]
Applications:
Architecture,Building & Construction - Roofing, Cladding, Paneling
Automobile and Transport - Exhaust, Brakes, Fuel Tanks
Railway - Coaches, Wagons, Metro
Consumer Durables - Kitchen applications, bathroom accessories
Process industry - Boilers, Water tanks, Pumps for the food and chemical industry ^[2] ^[3]

Website BSE NSE

Market Cap ₹ 61,654 Cr.
Current Price ₹ 748
High / Low ₹ 826 / 497
Stock P/E 22.8
Book Value ₹ 210
Dividend Yield 0.40 %
ROCE 19.9 %
ROE 17.3 %
Face Value ₹ 2.00

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Pros

Cons

Promoter holding has decreased over last 3 years: -8.86%

* 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 500 BSE Metal BSE MidCap Nifty Metal BSE Allcap BSE Commodities BSE 150 MidCap Index BSE 250 LargeMidCap Index BSE 400 MidSmallCap Index Nifty LargeMidcap 250 Nifty Midcap 150 Nifty MidSmallcap 400 Nifty 500 Multicap 50:25:25 Nifty Total Market Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	8,556	9,001	9,444	10,027	9,720	9,088	9,521	9,585	9,746	10,066	10,786	10,341	10,881
	7,862	8,054	8,347	8,910	8,651	8,067	8,693	8,580	8,739	9,062	9,895	9,293	9,821
Operating Profit	695	947	1,097	1,118	1,070	1,021	827	1,004	1,007	1,003	890	1,048	1,060
OPM %	8%	11%	12%	11%	11%	11%	9%	10%	10%	10%	8%	10%	10%
	25	30	32	44	34	230	92	60	82	137	511	103	99
Interest	81	68	75	93	104	93	103	97	116	120	109	100	96
Depreciation	170	169	169	174	178	182	181	179	180	189	186	189	196
Profit before tax	469	740	886	895	822	975	636	788	793	832	1,107	863	867
Tax %	25%	25%	26%	26%	26%	20%	25%	27%	26%	26%	16%	26%	26%
	349	552	659	666	609	779	476	578	589	619	925	642	644
EPS in Rs	6.65	10.50	8.00	8.08	7.40	9.46	5.79	7.02	7.16	7.51	11.23	7.79	7.81
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	11,891	5,996	6,528	8,311	10,785	12,585	12,320	11,679	32,292	35,030	38,356	40,182	42,073
	11,012	5,692	6,007	7,205	9,500	11,449	11,145	10,283	27,572	31,463	34,510	36,444	38,071
Operating Profit	880	304	521	1,107	1,284	1,136	1,175	1,396	4,720	3,567	3,846	3,738	4,001
OPM %	7%	5%	8%	13%	12%	9%	10%	12%	15%	10%	10%	9%	10%
	-371	1,226	-8	52	44	34	45	142	64	106	591	958	850
Interest	1,235	916	1,006	762	541	614	567	464	312	295	393	442	424
Depreciation	688	393	298	308	304	335	409	373	704	675	715	735	760
Profit before tax	-1,414	222	-792	89	483	221	244	700	3,767	2,704	3,328	3,519	3,668
Tax %	-2%	-1%	-29%	34%	34%	37%	37%	39%	26%	26%	24%	23%
	-1,390	223	-559	58	318	139	153	428	2,790	2,014	2,531	2,711	2,829
EPS in Rs	-64.54	9.85	-24.18	1.46	6.64	2.90	3.14	8.78	53.09	24.46	30.73	32.91	34.34
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	10%	10%	9%

Compounded Sales Growth
10 Years:	21%
5 Years:	27%
3 Years:	8%
TTM:	11%

Compounded Profit Growth
10 Years:	17%
5 Years:	77%
3 Years:	-2%
TTM:	13%

Stock Price CAGR
10 Years:	39%
5 Years:	60%
3 Years:	56%
1 Year:	3%

Return on Equity
10 Years:	18%
5 Years:	22%
3 Years:	19%
Last Year:	17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	43	45	46	80	96	96	97	97	105	165	165	165	165
Reserves	147	-218	1,590	1,661	2,256	2,379	2,560	3,055	9,341	11,292	13,535	16,032	17,181
	11,224	10,890	10,037	5,628	4,729	4,118	3,655	2,899	3,479	3,562	3,886	4,444	4,596
	4,278	2,813	2,654	2,902	3,084	3,429	3,796	4,213	8,409	11,096	9,932	12,369	12,381
Total Liabilities	15,693	13,530	14,328	10,271	10,164	10,021	10,108	10,265	21,334	26,115	27,518	33,010	34,323
	9,438	7,394	6,645	6,392	6,143	6,143	5,969	5,679	8,160	9,455	9,542	9,488	9,347
CWIP	153	137	54	30	142	26	12	55	502	520	957	1,621	2,212
Investments	170	103	482	481	485	487	489	491	937	1,172	2,804	3,430	5,240
	5,931	5,895	7,147	3,368	3,394	3,366	3,638	4,040	11,735	14,968	14,214	18,471	17,524
Total Assets	15,693	13,530	14,328	10,271	10,164	10,021	10,108	10,265	21,334	26,115	27,518	33,010	34,323

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	884	421	766	5,182	1,427	1,353	1,123	1,295	1,111	2,834	3,683	4,229
	-89	20	1,050	-5	-184	-172	-162	-154	-923	-2,367	-2,831	-4,505
	-836	-449	-1,787	-5,198	-1,258	-1,196	-951	-1,107	-38	-225	-363	-152
Net Cash Flow	-42	-8	29	-22	-15	-15	10	34	151	242	490	-428

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	52	58	51	35	28	24	23	31	44	40	29	35
Inventory Days	151	152	146	129	107	88	106	121	100	117	102	113
Days Payable	129	116	147	121	103	100	110	122	95	117	95	121
Cash Conversion Cycle	73	94	50	44	32	13	18	30	49	39	36	27
Working Capital Days	-30	39	88	-82	-19	-18	-20	1	31	30	18	6
ROCE %	2%	-1%	2%	9%	14%	12%	12%	17%	43%	21%	23%	20%

Shareholding Pattern

Numbers in percentages

2 Recently

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	70.09%	57.95%	57.95%	57.94%	58.68%	60.49%	60.48%	60.48%	60.70%	60.87%	61.10%	61.23%
	13.05%	21.92%	22.20%	23.37%	22.56%	20.83%	22.49%	22.78%	22.16%	21.37%	21.26%	21.42%
	7.21%	6.15%	6.01%	5.42%	5.81%	6.62%	6.25%	5.86%	6.26%	6.91%	7.09%	7.08%
	9.64%	13.99%	13.85%	13.26%	12.94%	12.06%	10.78%	10.86%	10.81%	10.80%	10.55%	10.18%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.01%	0.01%	0.09%
No. of Shareholders	1,14,652	1,46,581	1,39,365	1,52,709	1,66,183	1,87,726	2,02,103	2,09,910	2,11,924	2,22,569	2,19,278	2,12,125

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
	75.00%	66.52%	67.01%	68.11%	68.12%	69.87%	57.95%	60.49%	60.87%	61.23%
	12.49%	11.16%	10.96%	12.59%	13.21%	15.10%	21.92%	20.83%	21.37%	21.42%
	1.83%	12.75%	9.30%	7.89%	7.32%	6.31%	6.15%	6.62%	6.91%	7.08%
	10.68%	9.56%	12.73%	11.41%	11.35%	8.72%	13.99%	12.06%	10.80%	10.18%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.09%
No. of Shareholders	46,412	49,303	61,909	60,280	73,578	1,10,268	1,46,581	1,87,726	2,22,569	2,12,125

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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