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Jindal Stainless Overview

Jindal Stainless Ltd is engaged inside the commercial enterprise of manufacturing of stainless steel flat merchandise in austenitic, ferritic, martensitic and duplex grades. Its product range includes hot rolled coils, plates, ferro alloys, stainless steel slabs, and sheets, and cold rolled coils and sheets. Its applications consist of structure, buildings, and construction, automotive and transport, railway, consumer durables, process industry, plumbing, coin blanks, nuclear programs, and precision strip and blade metallic. It offers a range o...Read More

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Jindal Stainless Key Financials

Market Cap ₹65038 Cr.

Stock P/E 26

P/B 3.4

Current Price ₹788.9

Book Value ₹ 229.3

Face Value 2

52W High ₹883.3

Dividend Yield 0.38%

52W Low ₹ 497

Jindal Stainless Share Price

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Volume
Price

Jindal Stainless Quarterly Price

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Jindal Stainless Peer Comparison

Jindal Stainless Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 9797 9127 9454 9430 9777 9907 10198 10207 10893 10518
Other Income 32 39 55 51 47 99 94 69 90 102
Total Income 9829 9166 9509 9481 9824 10006 10292 10276 10982 10620
Total Expenditure 8566 7881 8419 8218 8590 8700 9137 8897 9505 9110
Operating Profit 1263 1285 1090 1262 1234 1307 1155 1379 1478 1510
Interest 156 146 153 143 159 161 150 144 141 134
Depreciation 222 236 233 232 241 242 241 252 262 269
Exceptional Income / Expenses 101 0 -2 0 0 0 -7 0 17 -30
Profit Before Tax 986 904 702 887 834 905 757 983 1092 1077
Provision for Tax 229 226 201 240 225 236 139 254 271 255
Profit After Tax 757 678 501 648 609 669 618 728 822 823
Adjustments 18 14 0 1 2 -14 -27 -14 -15 6
Profit After Adjustments 774 692 501 648 611 655 591 714 807 829
Adjusted Earnings Per Share 9.4 8.4 6.1 7.9 7.4 8 7.2 8.7 9.8 10.1

Jindal Stainless Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 6948 7144 9279 11638 13557 12951 12188 32733 35697 38562 39312 41816
Other Income 55 26 26 45 33 40 41 331 197 363 445 355
Total Income 7003 7170 9304 11683 13590 12991 12229 33064 35894 38925 39757 42170
Total Expenditure 6581 6571 8113 10297 12393 11811 10764 27903 32182 34052 34800 36649
Operating Profit 423 599 1191 1385 1197 1179 1465 5161 3712 4873 4957 5522
Interest 942 1030 788 566 637 586 480 344 325 554 612 569
Depreciation 411 316 325 320 352 425 403 759 724 879 956 1024
Exceptional Income / Expenses 1184 -40 26 4 1 4 102 0 0 99 -7 -20
Profit Before Tax 253 -788 116 520 222 165 690 4159 2774 3592 3339 3909
Provision for Tax 0 -232 32 174 77 93 270 1050 690 899 839 919
Profit After Tax 253 -556 83 346 145 73 419 3109 2084 2693 2500 2991
Adjustments -0 0 -1 -3 -3 -1 -0 -31 31 20 5 -50
Profit After Adjustments 253 -556 82 343 142 71 419 3079 2115 2713 2505 2941
Adjusted Earnings Per Share 11.2 -24.1 2 7.2 3 1.5 8.6 58.6 25.7 32.9 30.4 35.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2% 6% 25% 19%
Operating Profit CAGR 2% -1% 33% 28%
PAT CAGR -7% -7% 103% 26%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 25% 44% 60% 43%
ROE Average 16% 20% 27% 6%
ROCE Average 18% 21% 25% 17%

Jindal Stainless Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 199 1712 1814 2465 2591 2717 3205 9823 11931 14358 16688
Minority's Interest 4 5 6 9 12 13 13 67 36 17 20
Borrowings 8070 7323 3382 3551 3153 2716 2593 2630 2792 4563 4320
Other Non-Current Liabilities 340 -71 27 471 510 634 867 1390 1430 1784 1646
Total Current Liabilities 5662 5862 5703 4338 4450 4598 4056 8666 10926 10040 13225
Total Liabilities 14274 14831 10932 10834 10715 10678 10735 22576 27115 30765 35917
Fixed Assets 7552 6863 6609 6342 6345 6181 5855 8646 9961 13244 14790
Other Non-Current Assets 457 565 531 718 589 671 761 1935 2043 2738 4329
Total Current Assets 6266 7403 3793 3773 3781 3826 4119 11995 15112 14394 16606
Total Assets 14274 14831 10932 10834 10715 10678 10735 22576 27115 30765 35917

Jindal Stainless Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 76 20 67 46 47 36 40 87 241 470 1235
Cash Flow from Operating Activities 554 966 5115 1452 1419 1180 1308 1038 3096 4818 4718
Cash Flow from Investing Activities 24 1053 -31 -193 -192 -188 -152 -985 -2482 -3340 -3439
Cash Flow from Financing Activities -580 -1972 -5106 -1257 -1237 -991 -1119 101 -386 -829 -1882
Net Cash Inflow / Outflow -2 47 -21 2 -11 2 37 154 228 649 -603
Closing Cash & Cash Equivalent 48 67 46 47 36 40 77 241 470 1235 635

Jindal Stainless Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 11.17 -24.05 2.04 7.16 2.97 1.46 8.6 58.59 25.68 32.95 30.42
CEPS(Rs) 29.34 -10.38 10.22 13.89 10.36 10.22 16.88 73.62 34.1 43.38 41.96
DPS(Rs) 0 0 0 0 0 0 0 0 2.5 3 3
Book NAV/Share(Rs) -7.62 55.27 43.51 50.09 52.72 55.77 64.68 131.25 144.89 174.25 202.17
Core EBITDA Margin(%) 4.97 7.49 11.74 11.34 8.5 8.67 11.44 14.53 9.68 11.54 11.12
EBIT Margin(%) 16.16 3.17 9.1 9.19 6.27 5.71 9.4 13.55 8.54 10.61 9.74
Pre Tax Margin(%) 3.42 -10.3 1.16 4.4 1.62 1.26 5.54 12.52 7.64 9.19 8.23
PAT Margin (%) 3.42 -7.28 0.84 2.92 1.06 0.55 3.37 9.36 5.74 6.89 6.16
Cash Profit Margin (%) 8.98 -3.14 4.11 5.63 3.63 3.79 6.61 11.64 7.73 9.14 8.52
ROA(%) 1.64 -3.82 0.64 3.17 1.35 0.68 3.92 18.67 8.39 9.31 7.5
ROE(%) 0 -100.62 5.51 16.7 5.89 2.77 14.29 61.89 22.13 20.5 16.13
ROCE(%) 10.19 2.06 9.2 14.41 11.98 11.09 18.02 44.79 20.97 22.97 18.25
Receivable days 68.58 48.23 33.56 27.74 24.34 22.55 24.03 26.32 37.79 30.33 26.73
Inventory Days 139.69 92.41 73.72 69.2 63.95 71.54 81.04 52.58 76.31 76.24 79.3
Payable days 162.24 127.24 115.93 97.25 91.91 109.52 123.67 71.65 101.15 100.74 109.13
PER(x) 3.12 0 34.84 10.95 13.65 16.4 7.85 3.46 11.28 21.08 19.12
Price/Book(x) -4.58 0.3 1.64 1.56 0.77 0.43 1.04 1.54 2 3.99 2.88
Dividend Yield(%) 0 0 0 0 0 0 0 0 0.86 0.43 0.52
EV/Net Sales(x) 1.73 1.49 0.94 0.75 0.46 0.39 0.52 0.44 0.75 1.59 1.32
EV/Core EBITDA(x) 28.47 17.79 7.28 6.28 5.25 4.24 4.32 2.77 7.22 12.55 10.47
Net Sales Growth(%) -46.01 2.82 29.89 25.42 16.49 -4.47 -5.89 168.55 9.06 8.03 1.94
EBIT Growth(%) 1401.83 -79.73 272.76 20.17 -20.91 -12.55 55.8 284.93 -31.18 33.83 -4.73
PAT Growth(%) 118.52 -319.71 114.93 316.06 -58 -49.96 477.61 641.28 -32.98 29.26 -7.19
EPS Growth(%) 117.58 -315.35 108.49 250.48 -58.49 -50.74 487.83 580.94 -56.17 28.31 -7.69
Debt/Equity(x) -65.84 8.1 3.39 2.09 1.74 1.44 1 0.57 0.32 0.41 0.38
Current Ratio(x) 1.11 1.26 0.66 0.87 0.85 0.83 1.02 1.38 1.38 1.43 1.26
Quick Ratio(x) 0.76 0.94 0.3 0.32 0.31 0.24 0.33 0.6 0.61 0.64 0.52
Interest Cover(x) 1.27 0.24 1.15 1.92 1.35 1.28 2.44 13.1 9.55 7.48 6.46
Total Debt/Mcap(x) 14.29 26.64 2.07 1.34 2.26 3.34 0.96 0.37 0.16 0.1 0.13

Jindal Stainless Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 57.94 58.69 60.49 60.49 60.49 60.71 60.88 61.1 61.23 61.23
FII 23.37 22.56 20.83 22.49 22.78 22.16 21.37 21.25 21.42 21.53
DII 5.42 5.81 6.63 6.25 5.87 6.28 6.92 7.09 7.08 7.23
Public 12.67 12.95 12.05 10.77 10.86 10.86 10.83 10.56 10.27 10.02
Others 0.59 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Jindal Stainless News

Jindal Stainless Pros & Cons

Pros

  • Company has delivered good profit growth of 102% CAGR over last 5 years
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Debtor days have increased from 100.74 to 109.13days.
  • Stock is trading at 3.4 times its book value.
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