Jindal Stainless Ltd

₹ 705 -1.12%

27 Aug - 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 ₹ 58,289 Cr.
Current Price ₹ 705
High / Low ₹ 884 / 652
Stock P/E 21.8
Book Value ₹ 229
Dividend Yield 0.57 %
ROCE 18.0 %
ROE 15.1 %
Face Value ₹ 2.00

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Pros

Cons

* 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 Nifty Midcap 150 Nifty MidSmallcap 400 BSE 500 BSE 200 Nifty 500 BSE Metal Nifty Metal BSE Commodities BSE 150 MidCap Index Nifty Midcap150 Momentum 50 Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted BSE 200 Equal Weight BSE 1000 BSE Select Business Groups Nifty Conglomerate 50 NIFTY Housing Nifty500 Shariah Nifty MidSmallcap400 50:50 Nifty LargeMidcap 250 BSE Dollex 200 BSE 250 LargeMidCap Index Nifty 500 Multicap 50:25:25 Nifty Total Market BSE 400 MidSmallCap Index

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	10,027	9,720	9,088	9,521	9,585	9,746	10,066	10,786	10,341	10,881	10,632	10,826	10,677
	8,910	8,651	8,067	8,693	8,580	8,739	9,062	9,895	9,293	9,821	9,529	9,715	9,648
Operating Profit	1,118	1,070	1,021	827	1,004	1,007	1,003	890	1,048	1,060	1,103	1,111	1,028
OPM %	11%	11%	11%	9%	10%	10%	10%	8%	10%	10%	10%	10%	10%
	44	34	230	92	60	82	137	511	103	99	80	307	124
Interest	93	104	93	103	97	116	120	109	100	96	92	94	104
Depreciation	174	178	182	181	179	180	189	186	189	196	200	208	233
Profit before tax	895	822	975	636	788	793	832	1,107	863	867	891	1,115	815
Tax %	26%	26%	20%	25%	27%	26%	26%	16%	26%	26%	25%	20%	26%
	666	609	779	476	578	589	619	925	642	644	666	892	606
EPS in Rs	8.08	7.40	9.46	5.79	7.02	7.16	7.51	11.23	7.79	7.81	8.08	10.81	7.35
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	5,996	6,528	8,311	10,785	12,585	12,320	11,679	32,292	35,030	38,356	40,182	42,680	43,016
	5,692	6,007	7,205	9,500	11,449	11,145	10,283	27,572	31,463	34,510	36,444	38,445	38,713
Operating Profit	304	521	1,107	1,284	1,136	1,175	1,396	4,720	3,567	3,846	3,738	4,236	4,303
OPM %	5%	8%	13%	12%	9%	10%	12%	15%	10%	10%	9%	10%	10%
	1,226	-8	52	44	34	45	142	64	106	591	958	675	609
Interest	916	1,006	762	541	614	567	464	312	295	393	442	382	387
Depreciation	393	298	308	304	335	409	373	704	675	715	735	793	836
Profit before tax	222	-792	89	483	221	244	700	3,767	2,704	3,328	3,519	3,737	3,689
Tax %	-1%	-29%	34%	34%	37%	37%	39%	26%	26%	24%	23%	24%
	223	-559	58	318	139	153	428	2,790	2,014	2,531	2,711	2,843	2,807
EPS in Rs	9.85	-24.18	1.46	6.64	2.90	3.14	8.78	53.09	24.46	30.73	32.91	34.48	34.05
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	10%	10%	9%	12%

Compounded Sales Growth
10 Years:	21%
5 Years:	30%
3 Years:	7%
TTM:	5%

Compounded Profit Growth
10 Years:	22%
5 Years:	48%
3 Years:	10%
TTM:	1%

Stock Price CAGR
10 Years:	40%
5 Years:	37%
3 Years:	19%
1 Year:	-11%

Return on Equity
10 Years:	18%
5 Years:	20%
3 Years:	17%
Last Year:	15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	45	46	80	96	96	97	97	105	165	165	165	165
Reserves	-218	1,590	1,661	2,256	2,379	2,560	3,055	9,341	11,292	13,535	16,032	18,702
	10,890	10,037	5,628	4,729	4,118	3,655	2,899	3,479	3,562	3,886	4,444	4,599
	2,813	2,654	2,902	3,084	3,429	3,796	4,213	8,409	11,096	9,932	12,369	11,501
Total Liabilities	13,530	14,328	10,271	10,164	10,021	10,108	10,265	21,334	26,115	27,518	33,010	34,967
	7,394	6,645	6,392	6,143	6,143	5,969	5,679	8,160	9,455	9,542	9,488	10,904
CWIP	137	54	30	142	26	12	55	502	520	957	1,621	1,407
Investments	103	482	481	485	487	489	491	937	1,172	2,804	3,430	5,324
	5,895	7,147	3,368	3,394	3,366	3,638	4,040	11,735	14,968	14,214	18,471	17,332
Total Assets	13,530	14,328	10,271	10,164	10,021	10,108	10,265	21,334	26,115	27,518	33,010	34,967

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	421	766	5,182	1,427	1,353	1,123	1,295	1,111	2,834	3,683	4,229	3,442
	20	1,050	-5	-184	-172	-162	-154	-923	-2,367	-2,831	-4,505	-3,226
	-449	-1,787	-5,198	-1,258	-1,196	-951	-1,107	-38	-225	-363	-152	-511
Net Cash Flow	-8	29	-22	-15	-15	10	34	151	242	490	-428	-295
Free Cash Flow	428	610	5,152	1,250	1,168	974	1,128	203	1,503	2,464	2,637	1,432
CFO/OP	133%	147%	470%	108%	119%	96%	92%	40%	99%	114%	127%	103%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	58	51	35	28	24	23	31	44	40	29	35	28
Inventory Days	152	146	129	107	88	106	121	100	117	102	113	100
Days Payable	116	147	121	103	100	110	122	95	117	95	121	102
Cash Conversion Cycle	94	50	44	32	13	18	30	49	39	36	27	26
Working Capital Days	39	88	-82	-19	-18	-20	1	31	30	18	6	0
ROCE %	-1%	2%	9%	14%	12%	12%	17%	43%	21%	23%	20%	18%

Insights

In beta

Jun 2016

Mar 2018

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Mar 2020

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Mar 2022

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Sales Volume
000 MT

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Stainless Steel Melt Capacity
MTPA

Domestic Sales Share
%

CRAP Capacity
MTPA

HRAP Capacity
MTPA

200 Series Sales Share
%

300 Series Sales Share
%

400 Series Sales Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	57.94%	58.68%	60.49%	60.48%	60.48%	60.70%	60.87%	61.10%	61.23%	61.22%	62.04%	62.04%
	23.37%	22.56%	20.83%	22.49%	22.78%	22.16%	21.37%	21.26%	21.42%	21.53%	20.87%	20.45%
	5.42%	5.81%	6.62%	6.25%	5.86%	6.26%	6.91%	7.09%	7.08%	7.23%	7.15%	7.35%
	13.26%	12.94%	12.06%	10.78%	10.86%	10.81%	10.80%	10.55%	10.18%	9.93%	9.88%	10.12%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.01%	0.01%	0.09%	0.08%	0.06%	0.04%
No. of Shareholders	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	2,09,086	2,07,613	2,11,641

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	75.00%	66.52%	67.01%	68.11%	68.12%	69.87%	57.95%	60.49%	60.87%	62.04%	62.04%
	12.49%	11.16%	10.96%	12.59%	13.21%	15.10%	21.92%	20.83%	21.37%	20.87%	20.45%
	1.83%	12.75%	9.30%	7.89%	7.32%	6.31%	6.15%	6.62%	6.91%	7.15%	7.35%
	10.68%	9.56%	12.73%	11.41%	11.35%	8.72%	13.99%	12.06%	10.80%	9.88%	10.12%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.06%	0.04%
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	2,07,613	2,11,641

* 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.

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