Jindal Steel (JINDALSTEL) Stock Overview
Operates in the steel, mining, and infrastructure sectors in India and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 4/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 1/6 |
JINDALSTEL Community Fair Values
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Analyst Price Targets
Materials opportunity
ST
Fair Value from
CA$5.0771.8% undervalued intrinsic discount
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Read full narrativeJindal Steel Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹1,261.40 |
| 52 Week High | ₹1,306.20 |
| 52 Week Low | ₹833.60 |
| Beta | 0.63 |
| 1 Month Change | 10.85% |
| 3 Month Change | 9.72% |
| 1 Year Change | 39.56% |
| 3 Year Change | 112.75% |
| 5 Year Change | 157.32% |
| Change since IPO | 31,233.90% |
Recent News & Updates
JINDALSTEL: Angul Capacity Ramp Up Will Support Balanced Long Term Potential
Analysts have lifted their price target on Jindal Steel from about ₹1,179 to roughly ₹1,210, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News Completion of the 6 MTPA expansion at the Angul Integrated Steel Complex in Odisha, with commissioning of the third Basic Oxygen Furnace (BOF 3) of 3 MTPA, taking total crude steel capacity at the site to 12 MTPA and placing it among India’s large single location integrated steel complexes (Key Developments).
JINDALSTEL: Angul Capacity Expansion Will Support Stronger Long Term Prospects
Analysts have kept their price target for Jindal Steel steady at ₹1,393, indicating only small refinements in discount rate, revenue growth, profit margin and future P/E assumptions, rather than a shift in the overall outlook. What's in the News Completion of the 6 MTPA expansion at the Angul Integrated Steel Complex in Odisha, with commissioning of the third Basic Oxygen Furnace (BOF 3) of 3 MTPA.JINDALSTEL: Raigarh Capacity Expansion Will Support Stronger Long Term Prospects
The analyst price target for Jindal Steel has shifted from ₹1,250 to ₹1,393 as analysts factor in updated assumptions around revenue growth, profit margins and a revised forward P/E framework. What's in the News Jindal Steel & Power Limited reported consolidated steel production of 2.51 MT for the third quarter ended December 31, 2025, compared with 1.99 MT a year earlier, and 6.60 MT for the nine months, compared with 6.01 MT a year earlier (company announcement of operating results).
JINDALSTEL: Capacity Expansion Plans Will Elevate Execution Risks Despite Overvaluation
Analysts now peg Jindal Steel's fair value at about ₹858 per share, versus the prior view of roughly ₹857, citing updated assumptions around revenue growth, profit margins, discount rate and future P/E that slightly reshape their price target framework. What's in the News Reported consolidated steel production of 2.51 MT for the third quarter ended December 31, 2025, compared with 1.99 MT in the same quarter a year earlier, and 6.60 MT for the first nine months of FY 2025-26 compared with 6.01 MT a year earlier (company announcement of operating results).JINDALSTEL: Raigarh Expansion And Production Gains Will Support Measured Future Potential
Analysts have nudged their fair value estimate for Jindal Steel up from about ₹1,136 to roughly ₹1,179. This reflects updated assumptions around discount rate, revenue growth, profit margins and future P/E.Recent updates
JINDALSTEL: Angul Capacity Ramp Up Will Support Balanced Long Term Potential
Analysts have lifted their price target on Jindal Steel from about ₹1,179 to roughly ₹1,210, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News Completion of the 6 MTPA expansion at the Angul Integrated Steel Complex in Odisha, with commissioning of the third Basic Oxygen Furnace (BOF 3) of 3 MTPA, taking total crude steel capacity at the site to 12 MTPA and placing it among India’s large single location integrated steel complexes (Key Developments).JINDALSTEL: Angul Capacity Expansion Will Support Stronger Long Term Prospects
Analysts have kept their price target for Jindal Steel steady at ₹1,393, indicating only small refinements in discount rate, revenue growth, profit margin and future P/E assumptions, rather than a shift in the overall outlook. What's in the News Completion of the 6 MTPA expansion at the Angul Integrated Steel Complex in Odisha, with commissioning of the third Basic Oxygen Furnace (BOF 3) of 3 MTPA.JINDALSTEL: Raigarh Capacity Expansion Will Support Stronger Long Term Prospects
The analyst price target for Jindal Steel has shifted from ₹1,250 to ₹1,393 as analysts factor in updated assumptions around revenue growth, profit margins and a revised forward P/E framework. What's in the News Jindal Steel & Power Limited reported consolidated steel production of 2.51 MT for the third quarter ended December 31, 2025, compared with 1.99 MT a year earlier, and 6.60 MT for the nine months, compared with 6.01 MT a year earlier (company announcement of operating results).JINDALSTEL: Capacity Expansion Plans Will Elevate Execution Risks Despite Overvaluation
Analysts now peg Jindal Steel's fair value at about ₹858 per share, versus the prior view of roughly ₹857, citing updated assumptions around revenue growth, profit margins, discount rate and future P/E that slightly reshape their price target framework. What's in the News Reported consolidated steel production of 2.51 MT for the third quarter ended December 31, 2025, compared with 1.99 MT in the same quarter a year earlier, and 6.60 MT for the first nine months of FY 2025-26 compared with 6.01 MT a year earlier (company announcement of operating results).JINDALSTEL: Raigarh Expansion And Production Gains Will Support Measured Future Potential
Analysts have nudged their fair value estimate for Jindal Steel up from about ₹1,136 to roughly ₹1,179. This reflects updated assumptions around discount rate, revenue growth, profit margins and future P/E.JINDALSTEL: Capacity Expansion Plans Will Heighten Execution Risks Despite Overvaluation
Narrative Update on Jindal Steel Analysts have lifted their fair value estimate for Jindal Steel from ₹840.05 to ₹857.20, citing model updates that incorporate a lower discount rate, slightly adjusted revenue growth assumptions, a higher projected profit margin, and a revised future P/E multiple. What's in the News Board meeting scheduled on January 30, 2026 to consider and approve unaudited standalone and consolidated financial results for the 3rd quarter and nine months ended December 31, 2025, for FY 2025-26 (company filing).Earnings Miss: Jindal Steel Limited Missed EPS By 57% And Analysts Are Revising Their Forecasts
Feb 03
Calculating The Intrinsic Value Of Jindal Steel Limited (NSE:JINDALSTEL)
Jan 31JINDALSTEL: Raigarh Expansion And New Leadership Will Shape Measured Future Potential
Analysts have inched up their fair value estimate for Jindal Steel from ₹1,134.77 to ₹1,136.19, citing slightly higher assumptions for revenue growth and profit margins, a marginally lower discount rate, and a modestly reduced future P/E multiple. What's in the News Board meeting scheduled for January 30, 2026, to review and approve unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025, for FY 2025–26 (Key Developments).JINDALSTEL: Capacity Expansion Plans Will Elevate Execution And Governance Risks
Analysts have raised their price target for Jindal Steel to ₹840 from about ₹774, citing updates to their models that reflect revised assumptions on the discount rate, revenue growth, profit margin, and future P/E. What's in the News Jindal Steel plans to double structural steel capacity at its Raigarh facility from 1.2 million tonnes per annum to 2.4 million tonnes per annum by mid 2028, supported by a new structural steel mill and technology upgrades to expand its product range into heavier and more complex sections (Key Developments).JINDALSTEL: Angul Capacity Expansion Will Drive Future Upside Potential
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).Jindal Steel Limited's (NSE:JINDALSTEL) Price In Tune With Earnings
Dec 06JINDALSTEL: Angul Capacity Expansion Will Drive Future Upside Potential
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).JINDALSTEL: Expansion At Angul Will Shape Capacity And Operational Direction
Analysts have raised their price target for Jindal Steel from ₹1,110.31 to ₹1,130.15, citing modest improvements in revenue growth and profit margin expectations. What's in the News Mr. Gautam Malhotra has been appointed Chief Executive Officer, bringing over 19 years of experience in operations, supply chain, and strategy to Jindal Steel.We Think Jindal Steel (NSE:JINDALSTEL) Is Taking Some Risk With Its Debt
Nov 18JINDALSTEL: Expanded Steelmaking Capacity And Management Changes Will Impact Outlook
Analysts have raised their price target for Jindal Steel from ₹1,088.92 to ₹1,110.31. This change reflects improved revenue growth expectations and a slight upward adjustment in the discount rate.Jindal Steel Limited (NSE:JINDALSTEL) Just Reported Second-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Oct 31Capacity Expansions And Integration Will Shape India's Steel Future
Analyst Price Target Adjusted Upwards for Jindal Steel Analysts have raised Jindal Steel's fair value estimate from ₹1,076 to ₹1,088.92. This reflects modest changes in their projections for growth and profitability.Capacity Expansions And Integration Will Shape India's Steel Future
Analysts have slightly increased their price target for Jindal Steel from ₹1,057.62 to ₹1,076.00. They cite marginal improvements in expected revenue growth and have adjusted for updated discount rates and profit margin forecasts.Is Jindal Steel Limited (NSE:JINDALSTEL) Trading At A 29% Discount?
Sep 22Capacity Expansions And Integration Will Shape India's Steel Future
Jindal Steel’s marginally higher analyst price target is supported by a slight increase in its forward P/E multiple, indicating modestly improved growth expectations, with the updated fair value now at ₹1,058. What's in the News Jindal Steel is among over a dozen companies expressing interest in acquiring GVK Energy's 330 MW Alaknanda hydro power project, which is up for sale following GVK Energy's insolvency.Capacity Expansions And Integration Will Shape India's Steel Future
As both the Future P/E and Discount Rate for Jindal Steel remained largely stable, analysts maintained their consensus price target at ₹1041. What's in the News Jindal Steel reported Q1 consolidated steel production of 2.09 million tonnes, slightly up from 2.05 million tonnes year-on-year.Jindal Steel Limited (NSE:JINDALSTEL) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Aug 15Jindal Steel (NSE:JINDALSTEL) Is Due To Pay A Dividend Of ₹2.00
Aug 12Jindal Steel Limited's (NSE:JINDALSTEL) P/E Still Appears To Be Reasonable
Aug 06Is Jindal Steel & Power (NSE:JINDALSTEL) Using Too Much Debt?
Jun 13Jindal Steel & Power Limited (NSE:JINDALSTEL) Shares Could Be 38% Below Their Intrinsic Value Estimate
May 26Investors Can Find Comfort In Jindal Steel & Power's (NSE:JINDALSTEL) Earnings Quality
May 08
The Expansion In Angul And Utkal Mining Will Drive Impressive Margin Growth And Enhanced Profitability
Expansion at Angul, including a new blast furnace, aims to boost production capacity, potentially driving higher revenue and operational efficiency.Shareholder Returns
| JINDALSTEL | IN Metals and Mining | IN Market | |
|---|---|---|---|
| 7D | -1.3% | -7.9% | -0.2% |
| 1Y | 39.6% | 35.4% | 3.7% |
Return vs Industry: JINDALSTEL exceeded the Indian Metals and Mining industry which returned 34.2% over the past year.
Return vs Market: JINDALSTEL exceeded the Indian Market which returned 4% over the past year.
Price Volatility
| JINDALSTEL volatility | |
|---|---|
| JINDALSTEL Average Weekly Movement | 5.2% |
| Metals and Mining Industry Average Movement | 7.1% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in IN Market | 10.1% |
| 10% least volatile stocks in IN Market | 4.7% |
Stable Share Price: JINDALSTEL has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: JINDALSTEL's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1979 | 5,918 | n/a | www.jindalsteel.in |
Jindal Steel Limited operates in the steel, mining, and infrastructure sectors in India and internationally. It offers rails; medium and heavy hot-rolled parallel flange beams and column sections; plates and coils; angles and channels; cold heading quality, electrode quality, and high carbon wire rods; round bars; fabricated sections; Jindal Speedfloor concrete flooring solutions; Jindal Panther TMT rebars; semi-finished products, including slabs, billets, blooms, beam blank, and rounds; and Jindal Panther cement comprising Portland slag cement, Portland composite cement, and ground-granulated blast-furnace slag, as well as rockhard plates, cathode bards, and track shoes. The company also operates and maintains a total captive power plant capacity of 1,634 megawatts.
Jindal Steel Limited Fundamentals Summary
| JINDALSTEL fundamental statistics | |
|---|---|
| Market cap | ₹1.29t |
| Earnings (TTM) | ₹19.83b |
| Revenue (TTM) | ₹501.90b |
64.9x
P/E Ratio2.6x
P/S RatioIs JINDALSTEL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| JINDALSTEL income statement (TTM) | |
|---|---|
| Revenue | ₹0 |
| Cost of Revenue | ₹0 |
| Gross Profit | ₹0 |
| Other Expenses | ₹0 |
| Earnings | ₹0 |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 19.44 |
| Gross Margin | 52.08% |
| Net Profit Margin | 3.95% |
| Debt/Equity Ratio | 38.0% |
How did JINDALSTEL perform over the long term?
See historical performance and comparisonDividends
0.2%
Current Dividend Yield7%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/04 05:54 |
| End of Day Share Price | 2026/05/04 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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 Github.
Analyst Sources
Jindal Steel Limited is covered by 55 analysts. 29 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Rajesh Majumdar | 360 ONE Capital Market Private Limited |
| Satyadeep Jain | Ambit Capital |
| Nitin Bhasin | Ambit Capital |