Jindal Stainless Ltd

₹ 688 -0.44%

15 Jul - 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 ₹ 56,679 Cr.
Current Price ₹ 688
High / Low ₹ 804 / 497
Stock P/E 22.6
Book Value ₹ 203
Dividend Yield 0.44 %
ROCE 18.2 %
ROE 16.1 %
Face Value ₹ 2.00

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Pros

Cons

Promoter holding has decreased over last 3 years: -8.99%

* 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 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

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	9,726	8,119	8,751	9,062	9,765	10,184	9,797	9,127	9,454	9,430	9,777	9,907	10,198
	8,314	7,229	8,066	8,194	8,621	8,992	8,566	7,881	8,419	8,219	8,590	8,714	9,165
Operating Profit	1,412	889	685	868	1,144	1,192	1,231	1,246	1,035	1,210	1,186	1,193	1,033
OPM %	15%	11%	8%	10%	12%	12%	13%	14%	11%	13%	12%	12%	10%
	47	50	35	74	78	76	140	52	53	51	47	99	87
Interest	82	79	87	76	83	100	156	146	153	143	159	161	150
Depreciation	184	179	182	181	181	188	222	236	233	232	241	242	241
Profit before tax	1,193	682	450	685	957	981	993	917	702	886	834	890	729
Tax %	25%	26%	23%	25%	25%	25%	23%	25%	29%	27%	27%	26%	19%
	895	508	347	513	716	738	764	691	501	646	609	654	590
EPS in Rs	16.70	9.48	6.72	9.47	9.30	9.06	9.40	8.41	6.08	7.87	7.42	7.95	7.17
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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
	12,810	6,933	7,144	9,279	11,638	13,557	12,951	12,188	32,733	35,697	38,562	39,312
	11,800	6,564	6,571	8,113	10,294	12,392	11,819	10,764	27,642	32,111	33,858	34,689
Operating Profit	1,010	368	573	1,166	1,343	1,165	1,132	1,424	5,090	3,586	4,704	4,623
OPM %	8%	5%	8%	13%	12%	9%	9%	12%	16%	10%	12%	12%
	-374	1,238	-14	63	62	45	44	148	171	236	321	284
Interest	1,295	942	1,030	788	566	637	586	480	344	325	554	612
Depreciation	728	411	316	325	320	352	425	403	759	724	879	956
Profit before tax	-1,387	253	-788	116	520	222	165	690	4,159	2,774	3,592	3,339
Tax %	-1%	0%	-29%	28%	34%	35%	56%	39%	25%	25%	25%	25%
	-1,367	253	-556	83	346	145	73	419	3,109	2,084	2,693	2,500
EPS in Rs	-63.52	11.17	-24.05	2.04	7.16	2.97	1.46	8.60	58.59	25.68	32.95	30.41
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	10%	9%	10%

Compounded Sales Growth
10 Years:	19%
5 Years:	25%
3 Years:	6%
TTM:	2%

Compounded Profit Growth
10 Years:	17%
5 Years:	105%
3 Years:	-7%
TTM:	-4%

Stock Price CAGR
10 Years:	45%
5 Years:	78%
3 Years:	85%
1 Year:	-14%

Return on Equity
10 Years:	18%
5 Years:	22%
3 Years:	18%
Last Year:	16%

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
Equity Capital	43	45	46	80	96	96	97	97	105	165	165	165
Reserves	16	-214	1,666	1,734	2,369	2,495	2,620	3,108	9,718	11,766	14,193	16,523
	11,927	11,289	10,347	5,888	5,015	4,388	3,903	3,230	4,007	3,958	6,052	6,402
	4,446	2,898	2,798	3,208	3,354	3,736	4,057	4,300	8,746	11,226	10,355	13,068
Total Liabilities	16,431	14,018	14,858	10,909	10,834	10,715	10,678	10,735	22,576	27,115	30,765	36,158
	9,780	7,552	6,863	6,609	6,342	6,345	6,181	5,855	8,646	9,961	13,254	14,813
CWIP	157	144	70	29	144	29	15	58	525	773	1,112	1,770
Investments	18	14	393	404	439	454	449	456	626	970	1,246	1,646
	6,476	6,308	7,532	3,868	3,909	3,887	4,033	4,365	12,779	15,411	15,152	17,929
Total Assets	16,431	14,018	14,858	10,909	10,834	10,715	10,678	10,735	22,576	27,115	30,765	36,158

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
	958	554	966	5,115	1,452	1,419	1,180	1,308	1,038	3,096	4,818	4,718
	-136	-1	1,053	-30	-194	-192	-186	-152	-985	-2,480	-3,229	-3,439
	-891	-580	-1,972	-5,106	-1,257	-1,237	-991	-1,119	101	-386	-829	-1,882
Net Cash Flow	-69	-28	47	-21	1	-11	4	37	154	229	760	-603

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	48	57	48	35	28	25	20	28	43	37	27	29
Inventory Days	158	147	154	133	116	96	117	130	116	125	108	132
Days Payable	125	104	143	119	104	99	113	123	98	117	95	124
Cash Conversion Cycle	81	101	59	50	41	22	23	35	61	46	41	36
Working Capital Days	51	173	195	1	13	1	-6	15	48	41	36	30
ROCE %	3%	-0%	2%	9%	14%	12%	11%	16%	44%	21%	22%	18%

Shareholding Pattern

Numbers in percentages

14 Recently

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	70.10%	70.09%	70.09%	57.95%	57.95%	57.94%	58.68%	60.49%	60.48%	60.48%	60.70%	60.87%
	13.77%	12.71%	13.05%	21.92%	22.20%	23.37%	22.56%	20.83%	22.49%	22.78%	22.16%	21.37%
	5.86%	6.48%	7.21%	6.15%	6.01%	5.42%	5.81%	6.62%	6.25%	5.86%	6.26%	6.91%
	10.27%	10.71%	9.64%	13.99%	13.85%	13.26%	12.94%	12.06%	10.78%	10.86%	10.81%	10.80%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.01%
No. of Shareholders	1,31,174	1,31,244	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

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	75.00%	66.52%	67.01%	68.11%	68.12%	69.87%	57.95%	60.49%	60.87%
	12.49%	11.16%	10.96%	12.59%	13.21%	15.10%	21.92%	20.83%	21.37%
	1.83%	12.75%	9.30%	7.89%	7.32%	6.31%	6.15%	6.62%	6.91%
	10.68%	9.56%	12.73%	11.41%	11.35%	8.72%	13.99%	12.06%	10.80%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%
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

* 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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