Update shared on 04 Dec 2025
Fair value Increased 0.41%Analysts have slightly raised their price target on Jindal Steel to approximately ₹1,135 from about ₹1,130, citing marginally stronger revenue growth expectations and a modestly higher future valuation multiple, partially offset by a small downgrade to profit margin assumptions and a slightly higher discount rate.
What's in the News
- Board appoints Gautam Malhotra as Chief Executive Officer and Key Managerial Personnel, effective October 28, 2025, following his 19+ years of multi functional experience and 18 month tenure driving commercial value chain improvements (Board meeting, Oct 28, 2025).
- Company formally appoints long time finance executive Sunil Agrawal as interim Chief Financial Officer and Key Managerial Personnel, effective October 4, 2025, reinforcing continuity in the finance function after the previous CFO vacated office (Board meeting, Oct 4, 2025).
- Angul integrated steel plant commissions a 250 MT Basic Oxygen Furnace converter, adding 3 MTPA crude steel capacity and lifting Angul capacity from 6 MTPA to 9 MTPA, a key step toward the 12 MTPA target in the current financial year (Business expansion).
- Bhagavati Subhadrika Blast Furnace II, a 5 MTPA unit among the world’s largest, is blown in at Angul, cementing the site as India’s largest single location steel facility and central hub for Jindal Steel’s future expansion plans (Business expansion).
- Company schedules a special shareholders meeting via postal ballot on November 22, 2025, to amend the employee benefit scheme and memorandum of association, appoint a new independent director, and revise remuneration for two whole time directors (Special/extraordinary shareholders meeting).
Valuation Changes
- Consensus Analyst Price Target, represented by fair value, has risen slightly from approximately ₹1,130 to about ₹1,135 per share.
- Discount Rate has increased marginally from about 15.00 percent to roughly 15.14 percent, implying a slightly higher required return.
- Revenue Growth assumptions have edged up slightly from around 21.83 percent to approximately 21.88 percent.
- Net Profit Margin expectations have softened modestly, easing from about 15.61 percent to roughly 15.54 percent.
- Future P/E multiple has increased slightly from around 12.79x to approximately 12.94x, reflecting a marginally higher valuation multiple.
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