Analysts have slightly increased their price target for Jindal Steel from ₹1,057.62 to ₹1,076.00. They cite marginal improvements in expected revenue growth and have adjusted for updated discount rates and profit margin forecasts.
What's in the News
- Jindal Steel marked a major industry milestone with the commissioning of the 5 MTPA Bhagavati Subhadrika Blast Furnace II at Angul, now the largest single-location steel facility in India. Planned developments include a dedicated port at Paradeep, enhanced supply chain systems, a new power plant, and coke oven facilities. (Key Developments)
- The company announced multiple significant board appointments: Mr. Parimal Rai as Independent Director, Mr. Sunil Agrawal as Chief Financial Officer, and Rahul Arora as Company Secretary & Compliance Officer. (Key Developments)
- Jindal Steel joined the list of potential bidders for GVK Energy's 330 MW Alaknanda hydro power project, following GVK's insolvency proceedings. (Key Developments)
- The company reported consolidated steel production of 2.09 million tonnes for the quarter ended June 30, 2025, up from 2.05 million tonnes a year earlier. (Key Developments)
- Jindal Steel & Power Limited officially changed its name to Jindal Steel Limited on July 22, 2025. (Key Developments)
Valuation Changes
- Consensus Analyst Price Target has risen slightly, increasing from ₹1,057.62 to ₹1,076.00.
- Discount Rate has edged up, moving from 14.26% to 14.37%.
- Revenue Growth forecast has improved marginally from 20.84% to 20.93%.
- Net Profit Margin projection has dipped slightly from 15.65% to 15.62%.
- Future P/E ratio estimate has increased moderately from 11.95x to 12.19x.
Disclaimer
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