Jindal Steel & Power Limited

NSEI:JINDALSTEL Stock Report

Market Cap: ₹882.8b

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 (₹871.2) is trading below our estimate of fair value (₹1960.72)

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 Ratio17.5x
Earnings₹50.65b
Market Cap₹882.78b

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 Average27x
526371 NMDC
10.5x10.7%₹648.1b
500470 Tata Steel
60x60.5%₹1.7t
SAIL Steel Authority of India
15.6x21.1%₹460.3b
JSL Jindal Stainless
22x29.5%₹564.9b
JINDALSTEL Jindal Steel & Power
17.5x33.2%₹882.8b

Price-To-Earnings vs Peers: JINDALSTEL is good value based on its Price-To-Earnings Ratio (17.5x) compared to the peer average (27x).

Price to Earnings Ratio vs Industry

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

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
590078 Maithan Alloys
3.7xn/aUS$369.97m
526608 Electrotherm (India)
3.1xn/aUS$148.66m
PRAKASHSTL Prakash Steelage
3.8xn/aUS$16.85m
522165 Indsil Hydro Power and Manganese
1.6xn/aUS$16.83m
JINDALSTEL 17.5xIndustry Avg. 23.8xNo. of Companies26PE01632486480+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: JINDALSTEL is good value based on its Price-To-Earnings Ratio (17.5x) compared to the Indian Metals and Mining industry average (23.8x).

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 Ratio17.5x
Fair PE Ratio47.8x

Price-To-Earnings vs Fair Ratio: JINDALSTEL is good value based on its Price-To-Earnings Ratio (17.5x) 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₹871.20
₹1,070.00
+22.8%
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₹350.00n/a22
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
Nov ’23₹465.00
₹418.77
-9.9%
15.9%₹600.00₹295.00₹585.0522

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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