Jindal Stainless Limited

NSEI:JSL Stock Report

Market Cap: ₹611.8b

Jindal Stainless Valuation

Is JSL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JSL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JSL (₹742.95) is trading below our estimate of fair value (₹1026.79)

Significantly Below Fair Value: JSL is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JSL?

Other financial metrics that can be useful for relative valuation.

JSL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA14.8x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

How does JSL's PE Ratio compare to its peers?

The above table shows the PE ratio for JSL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33x
533758 APL Apollo Tubes
59.5x29.0%₹435.8b
SAIL Steel Authority of India
18.2x21.4%₹533.0b
526371 NMDC
11.5x10.3%₹678.3b
520111 Ratnamani Metals & Tubes
42.9x17.1%₹255.1b
JSL Jindal Stainless
24.9x29.8%₹611.8b

Price-To-Earnings vs Peers: JSL is good value based on its Price-To-Earnings Ratio (24.9x) compared to the peer average (33x).

Price to Earnings Ratio vs Industry

How does JSL's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a30.8%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a30.8%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: JSL is good value based on its Price-To-Earnings Ratio (24.9x) compared to the Indian Metals and Mining industry average (27.1x).

Price to Earnings Ratio vs Fair Ratio

What is JSL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JSL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.9x
Fair PE Ratio50.4x

Price-To-Earnings vs Fair Ratio: JSL is good value based on its Price-To-Earnings Ratio (24.9x) compared to the estimated Fair Price-To-Earnings Ratio (50.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JSL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹742.95
₹873.11
+17.5%
8.2%₹1,000.00₹756.00n/a9
Oct ’25₹767.40
₹855.78
+11.5%
7.9%₹955.00₹700.00n/a9
Sep ’25₹793.40
₹848.86
+7.0%
8.7%₹955.00₹700.00n/a7
Aug ’25₹736.35
₹807.00
+9.6%
13.6%₹955.00₹647.00n/a7
Jul ’25₹811.30
₹762.00
-6.1%
15.3%₹955.00₹594.00n/a8
Jun ’25₹793.50
₹762.13
-4.0%
15.3%₹955.00₹594.00n/a8
May ’25₹706.95
₹662.25
-6.3%
10.0%₹770.00₹578.00n/a8
Apr ’25₹719.55
₹657.25
-8.7%
10.0%₹775.00₹578.00n/a8
Mar ’25₹650.35
₹657.25
+1.1%
10.0%₹775.00₹578.00n/a8
Feb ’25₹564.60
₹657.25
+16.4%
10.0%₹775.00₹578.00n/a8
Jan ’25₹573.50
₹572.50
-0.2%
6.6%₹625.00₹519.00n/a8
Dec ’24₹517.10
₹527.63
+2.0%
14.3%₹610.00₹350.00n/a8
Nov ’24₹447.75
₹529.00
+18.1%
14.3%₹610.00₹350.00n/a8
Oct ’24₹475.85
₹464.13
-2.5%
13.5%₹567.00₹350.00₹767.408
Sep ’24₹463.65
₹449.63
-3.0%
10.9%₹510.00₹350.00₹793.408
Aug ’24₹401.45
₹430.43
+7.2%
10.2%₹498.00₹350.00₹736.357
Jul ’24₹330.40
₹369.00
+11.7%
4.7%₹395.00₹350.00₹811.307
Jun ’24₹292.50
₹356.57
+21.9%
11.1%₹395.00₹269.00₹793.507
May ’24₹281.90
₹312.86
+11.0%
9.2%₹360.00₹269.00₹706.957
Apr ’24₹289.80
₹308.57
+6.5%
11.7%₹360.00₹239.00₹719.557
Mar ’24₹271.15
₹308.57
+13.8%
11.7%₹360.00₹239.00₹650.357
Feb ’24₹262.05
₹308.57
+17.8%
11.7%₹360.00₹239.00₹564.607
Jan ’24₹239.15
₹252.33
+5.5%
14.7%₹300.00₹180.00₹573.506
Dec ’23₹176.40
₹242.33
+37.4%
16.1%₹300.00₹180.00₹517.106
Nov ’23₹147.95
₹203.17
+37.3%
35.6%₹300.00₹90.00₹447.756
Oct ’23₹125.25
₹203.17
+62.2%
35.6%₹300.00₹90.00₹475.856

Analyst Forecast: Target price is less than 20% higher than the current share price.

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