Jindal Steel & Power Limited

NSEI:JINDALSTEL Stock Report

Market Cap: ₹926.3b

Jindal Steel & Power Valuation

Is JINDALSTEL 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 JINDALSTEL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JINDALSTEL (₹908.05) is trading below our estimate of fair value (₹2050.98)

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

Key Valuation Metric

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

Key metric: As JINDALSTEL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for JINDALSTEL. This is calculated by dividing JINDALSTEL's market cap by their current earnings.
What is JINDALSTEL's PE Ratio?
PE Ratio18.3x
Earnings₹50.65b
Market Cap₹926.29b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for JINDALSTEL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.4x
526371 NMDC
10.3x11.3%₹625.2b
500470 Tata Steel
60.3x60.5%₹1.8t
SAIL Steel Authority of India
19x28.8%₹479.6b
JSL Jindal Stainless
24.2x29.5%₹592.7b
JINDALSTEL Jindal Steel & Power
18.3x33.2%₹926.3b

Price-To-Earnings vs Peers: JINDALSTEL is good value based on its Price-To-Earnings Ratio (18.3x) compared to the peer average (28.4x).

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
522165 Indsil Hydro Power and Manganese
1.6xn/aUS$16.50m
531144 El Forge
1.1xn/aUS$9.02m
531539 Rishabh Digha Steel And Allied Products
1.9xn/aUS$2.65m
526093 Sathavahana Ispat
0.1xn/aUS$1.41m
JINDALSTEL 18.3xIndustry Avg. 25.6xNo. of Companies33PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: JINDALSTEL is good value based on its Price-To-Earnings Ratio (18.3x) compared to the Indian Metals and Mining industry average (25.6x).

Price to Earnings Ratio vs Fair Ratio

What is JINDALSTEL'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.

JINDALSTEL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.3x
Fair PE Ratio47.8x

Price-To-Earnings vs Fair Ratio: JINDALSTEL is good value based on its Price-To-Earnings Ratio (18.3x) compared to the estimated Fair Price-To-Earnings Ratio (47.8x).

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 JINDALSTEL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹908.05
₹1,072.85
+18.1%
15.5%₹1,300.00₹500.00n/a26
Dec ’25₹906.45
₹1,070.00
+18.0%
15.3%₹1,300.00₹500.00n/a26
Nov ’25₹929.50
₹1,075.15
+15.7%
15.2%₹1,300.00₹500.00n/a26
Oct ’25₹1,035.35
₹1,044.88
+0.9%
15.8%₹1,240.00₹500.00n/a25
Sep ’25₹970.40
₹1,021.13
+5.2%
15.9%₹1,240.00₹500.00n/a24
Aug ’25₹983.30
₹1,011.54
+2.9%
17.4%₹1,240.00₹500.00n/a24
Jul ’25₹1,059.50
₹985.54
-7.0%
17.3%₹1,240.00₹500.00n/a24
Jun ’25₹1,028.15
₹973.63
-5.3%
17.5%₹1,240.00₹500.00n/a24
May ’25₹929.65
₹859.25
-7.6%
14.6%₹1,070.00₹500.00n/a24
Apr ’25₹868.35
₹823.04
-5.2%
16.1%₹1,030.00₹350.00n/a23
Mar ’25₹822.85
₹812.70
-1.2%
17.4%₹1,030.00₹350.00n/a23
Feb ’25₹742.45
₹809.65
+9.1%
17.6%₹1,030.00₹350.00n/a23
Jan ’25₹744.00
₹690.32
-7.2%
16.0%₹879.00₹350.00n/a22
Dec ’24₹692.20
₹689.18
-0.4%
16.3%₹879.00₹350.00₹906.4522
Nov ’24₹585.05
₹688.73
+17.7%
16.5%₹879.00₹350.00₹929.5022
Oct ’24₹701.35
₹724.45
+3.3%
18.2%₹969.00₹360.00₹1,035.3522
Sep ’24₹701.10
₹726.74
+3.7%
17.4%₹900.00₹360.00₹970.4023
Aug ’24₹671.45
₹662.77
-1.3%
17.4%₹900.00₹385.00₹983.3022
Jul ’24₹581.05
₹657.55
+13.2%
17.4%₹900.00₹385.00₹1,059.5022
Jun ’24₹509.85
₹647.14
+26.9%
17.4%₹900.00₹385.00₹1,028.1522
May ’24₹582.85
₹651.33
+11.7%
17.1%₹900.00₹385.00₹929.6521
Apr ’24₹546.20
₹649.67
+18.9%
18.1%₹900.00₹385.00₹868.3521
Mar ’24₹572.45
₹634.45
+10.8%
20.0%₹900.00₹380.00₹822.8522
Feb ’24₹608.25
₹585.52
-3.7%
21.4%₹780.00₹360.00₹742.4523
Jan ’24₹580.60
₹510.39
-12.1%
20.4%₹730.00₹345.00₹744.0023
Dec ’23₹564.50
₹505.35
-10.5%
20.4%₹730.00₹345.00₹692.2023

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 23:18
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Jindal Steel & Power Limited is covered by 60 analysts. 26 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nitin BhasinAmbit Capital
Ajit KumarAmbit Capital
Satyadeep JainAmbit Capital