Analyst Price Target Adjusted Upwards for Jindal Steel
Analysts have raised Jindal Steel's fair value estimate from ₹1,076 to ₹1,088.92. This reflects modest changes in their projections for growth and profitability.
What's in the News
- Jindal Steel has formally appointed Mr. Sunil Agrawal as interim Chief Financial Officer. This leadership change brings Agrawal's nearly 32 years of experience to the role (Board Meeting, Oct 4, 2025).
- The company has successfully commissioned a 250 MT Basic Oxygen Furnace Converter at its Angul facility, increasing crude steel capacity at the plant from 6 MTPA to 9 MTPA. This move brings the company closer to its 12 MTPA goal (Business Expansions).
- Jindal Steel inaugurated the Bhagavati Subhadrika Blast Furnace II at Angul. This facility is now ranked among the world's largest and most advanced, positioning the site as India's largest single-location steel facility (Business Expansions).
- The company recently reported first quarter 2025 steel production of 2.09 million tonnes, up from 2.05 million tonnes in the previous year (Operating Results).
- Jindal Steel changed its company name from Jindal Steel & Power Limited to Jindal Steel Limited in July 2025 (Announcement).
Valuation Changes
- The consensus analyst price target has risen slightly from ₹1,076 to ₹1,088.92.
- The discount rate has increased marginally from 14.37% to 14.45%.
- The revenue growth projection has fallen modestly from 20.93% to 20.63%.
- The net profit margin estimate has edged down from 15.62% to 15.49%.
- The future P/E ratio forecast has moved up from 12.19x to 12.57x.
Disclaimer
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