Loading...
Back to narrative

JINDALSTEL: Angul Capacity Expansion Will Drive Future Upside Potential

JINDALSTEL: Expanded Steelmaking Capacity And Management Changes Will Impact Outlook

JINDALSTEL logo
JINDALSTEL
AnalystConsensusTarget
Not Invested
Published 19 Nov 2024

Update shared on 18 Dec 2025

Previous
n/a
n/a
AnalystConsensusTarget's Fair Value
n/a
Loading
1Y
9.3%
7D
-3.6%

Analysts have slightly lifted their price target for Jindal Steel to ₹1,134.77, citing modest tweaks to the discount rate and valuation assumptions while keeping growth and margin forecasts broadly unchanged.

What's in the News

  • Jindal Steel has successfully commissioned a 250 MT Basic Oxygen Furnace at its Angul integrated steel plant, adding 3 MTPA of crude steelmaking capacity and lifting Angul capacity from 6 MTPA to 9 MTPA, with a target of 12 MTPA within the current financial year (Business Expansions).
  • The company has blown in the 5 MTPA Bhagavati Subhadrika Blast Furnace II at Angul, establishing the site as India’s largest single location steel facility and positioning it as the hub for future expansion projects, including a dedicated Paradeep port and new power and coke oven capacity (Business Expansions).
  • The board has approved the appointment of Gautam Malhotra as Chief Executive Officer and Key Managerial Personnel effective October 28, 2025, following over 19 years of experience across operations, supply chain, sales, strategy, finance and M&A (Executive Changes, Board Meeting).
  • Jindal Steel has formally appointed long serving finance executive Sunil Agrawal as interim Chief Financial Officer and Key Managerial Personnel effective October 4, 2025, after he had been discharging CFO responsibilities since July 15, 2025 (Executive Changes, Board Meeting).
  • A special shareholders meeting via postal ballot on November 22, 2025 will vote on amendments to the 2022 employee benefit scheme, changes to the memorandum of association, the appointment of independent director Parimal Rai and higher remuneration for two whole time directors (Special/Extraordinary Shareholders Meeting).

Valuation Changes

  • The consensus analyst price target and fair value estimate remain unchanged at approximately ₹1,134.77 per share.
  • The discount rate has risen slightly from about 15.14 percent to 15.26 percent, reflecting a marginally higher perceived risk or required return.
  • Revenue growth assumptions are effectively unchanged, holding steady near 21.88 percent.
  • The net profit margin forecast remains broadly stable at around 15.54 percent.
  • The future P/E multiple has increased slightly from about 12.94x to 12.98x, indicating a marginally higher valuation multiple on forward earnings.

Have other thoughts on Jindal Steel?

Create your own narrative on this stock, and estimate its Fair Value using our Valuator tool.

Create Narrative

Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.