Jindal Steel’s marginally higher analyst price target is supported by a slight increase in its forward P/E multiple, indicating modestly improved growth expectations, with the updated fair value now at ₹1,058.
What's in the News
- Jindal Steel is among over a dozen companies expressing interest in acquiring GVK Energy's 330 MW Alaknanda hydro power project, which is up for sale following GVK Energy's insolvency.
- Q1 FY26 steel production increased marginally to 2.09 million tonnes from 2.05 million tonnes year-on-year.
- Company changed its name from Jindal Steel & Power Limited to Jindal Steel Limited.
- Received a 50-year mining lease for the Roida-I Iron Ore and Manganese Block in Odisha, solidifying raw material security with 126.05 million tonnes of deposits and a 3 MTPA environmental clearance.
- Commissioned its first Continuous Galvanising Line at Angul, expanding coated steel offerings, with plans to double crude steel capacity at the plant to 12 MTPA by year-end.
Valuation Changes
Summary of Valuation Changes for Jindal Steel
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from ₹1041 to ₹1058.
- The Future P/E for Jindal Steel has risen slightly from 11.68x to 11.95x.
- The Discount Rate for Jindal Steel remained effectively unchanged, moving only marginally from 14.09% to 14.26%.
Disclaimer
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