Jindal Stainless Ltd

₹ 706 -3.63%

08 Oct - 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 ₹ 58,155 Cr.
Current Price ₹ 706
High / Low ₹ 884 / 652
Stock P/E 17.7
Book Value ₹ 240
Dividend Yield 0.57 %
ROCE 19.3 %
ROE 17.7 %
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 BSE 500 BSE 200 BSE Dollex 200 Nifty 500 BSE Metal Nifty Metal BSE Commodities BSE 150 MidCap Index BSE 250 LargeMidCap Index BSE 400 MidSmallCap Index Nifty LargeMidcap 250 Nifty 500 Multicap 50:25:25 Nifty Midcap 150 Nifty MidSmallcap 400 Nifty Total Market Nifty500 Shariah Nifty Midcap150 Momentum 50 BSE Select Business Groups BSE 200 Equal Weight NIFTY Housing Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted BSE 1000 Nifty Conglomerate 50 Nifty MidSmallcap400 50:50

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	10,184	9,797	9,127	9,454	9,430	9,777	9,907	10,198	10,207	10,893	10,518	11,337	11,279
	8,992	8,566	7,881	8,419	8,219	8,590	8,714	9,165	8,911	9,519	9,110	9,882	9,949
Operating Profit	1,192	1,231	1,246	1,035	1,210	1,186	1,193	1,033	1,296	1,374	1,408	1,455	1,329
OPM %	12%	13%	14%	11%	13%	12%	12%	10%	13%	13%	13%	13%	12%
	76	140	52	53	51	47	99	87	69	107	77	84	153
Interest	100	156	146	153	143	159	161	150	144	141	134	149	146
Depreciation	188	222	236	233	232	241	242	241	252	262	269	278	302
Profit before tax	981	993	917	702	886	834	890	729	969	1,078	1,082	1,112	1,034
Tax %	25%	23%	25%	29%	27%	27%	26%	19%	26%	25%	24%	25%	26%
	738	764	691	501	646	609	654	590	715	808	828	834	769
EPS in Rs	9.06	9.40	8.41	6.08	7.87	7.42	7.95	7.17	8.67	9.79	10.05	10.23	9.33
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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	TTM
	6,933	7,144	9,279	11,638	13,557	12,951	12,188	32,733	35,697	38,562	39,312	42,955	44,026
	6,564	6,571	8,113	10,294	12,392	11,819	10,764	27,642	32,111	34,052	34,844	37,473	38,460
Operating Profit	368	573	1,166	1,343	1,165	1,132	1,424	5,090	3,586	4,511	4,469	5,482	5,566
OPM %	5%	8%	13%	12%	9%	9%	12%	16%	10%	12%	11%	13%	13%
	1,238	-14	63	62	45	44	148	171	236	515	438	388	421
Interest	942	1,030	788	566	637	586	480	344	325	554	612	568	570
Depreciation	411	316	325	320	352	425	403	759	724	879	956	1,060	1,111
Profit before tax	253	-788	116	520	222	165	690	4,159	2,774	3,592	3,339	4,242	4,307
Tax %	0%	-29%	28%	34%	35%	56%	39%	25%	25%	25%	25%	25%
	253	-556	83	346	145	73	419	3,109	2,084	2,693	2,500	3,185	3,239
EPS in Rs	11.17	-24.05	2.04	7.16	2.97	1.46	8.60	58.59	25.68	32.95	30.41	38.74	39.40
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	10%	9%	10%	10%

Compounded Sales Growth
10 Years:	20%
5 Years:	29%
3 Years:	6%
TTM:	10%

Compounded Profit Growth
10 Years:	23%
5 Years:	55%
3 Years:	15%
TTM:	28%

Stock Price CAGR
10 Years:	37%
5 Years:	33%
3 Years:	15%
1 Year:	-6%

Return on Equity
10 Years:	19%
5 Years:	21%
3 Years:	18%
Last Year:	18%

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	45	46	80	96	96	97	97	105	165	165	165	165
Reserves	-214	1,666	1,734	2,369	2,495	2,620	3,108	9,718	11,766	14,193	16,523	19,626
	11,289	10,347	5,888	5,015	4,388	3,903	3,230	4,007	3,958	6,052	6,402	7,460
	2,898	2,798	3,208	3,354	3,736	4,057	4,300	8,746	11,226	10,355	12,827	13,189
Total Liabilities	14,018	14,858	10,909	10,834	10,715	10,678	10,735	22,576	27,115	30,765	35,917	40,441
	7,552	6,863	6,609	6,342	6,345	6,181	5,855	8,646	9,961	13,254	14,800	18,217
CWIP	144	70	29	144	29	15	58	525	773	1,112	1,783	1,806
Investments	14	393	404	439	454	449	456	626	970	1,246	1,646	1,547
	6,308	7,532	3,868	3,909	3,887	4,033	4,365	12,779	15,411	15,152	17,688	18,871
Total Assets	14,018	14,858	10,909	10,834	10,715	10,678	10,735	22,576	27,115	30,765	35,917	40,441

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
	554	966	5,115	1,452	1,419	1,180	1,308	1,038	3,096	4,818	4,718	3,395
	-1	1,053	-30	-194	-192	-186	-152	-985	-2,480	-3,229	-3,433	-3,500
	-580	-1,972	-5,106	-1,257	-1,237	-991	-1,119	101	-386	-829	-1,882	-112
Net Cash Flow	-28	47	-21	1	-11	4	37	154	229	760	-597	-217
Free Cash Flow	556	798	5,057	1,258	1,213	1,006	1,145	70	1,448	3,367	2,890	755
CFO/OP	139%	166%	441%	107%	122%	104%	91%	37%	107%	123%	119%	80%

Ratios

Consolidated / 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	57	48	35	28	25	20	28	43	37	27	29	26
Inventory Days	147	154	133	116	96	117	130	116	125	108	132	122
Days Payable	104	143	119	104	99	113	123	98	117	95	124	106
Cash Conversion Cycle	101	59	50	41	22	23	35	61	46	41	36	42
Working Capital Days	29	75	-77	-20	-19	-24	-2	33	30	23	12	5
ROCE %	-0%	2%	9%	14%	12%	11%	16%	44%	21%	22%	18%	19%

Insights

In beta

Jun 2016

Mar 2018

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Mar 2020

Mar 2021

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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

7 Recently

	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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