Jindal Stainless Ltd.

NSE: JSL · Iron & Steel

Includes predecessor: Jindal Stainless (Hisar) Limited (till 2 Mar 2023)

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52W Range₹652 – ₹884

Snapshot

Unlock Jindal Stainless Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Jindal Stainless Limited is a prominent manufacturer and supplier of stainless steel products, including slabs, coils, plates, and sheets. The company serves a diverse range of industries such as automotive, construction, railways, and chemical processing.

Business Model

The company generates revenue through the production and sale of stainless steel and ferro alloy products to both domestic and international markets. It leverages a broad product portfolio to cater to specialized industrial applications and infrastructure projects.

Growth Outlook

Growth is driven by increasing demand for stainless steel in infrastructure development, transportation, and the transition toward sustainable building materials. The company continues to expand its market reach across various high-precision and industrial sectors.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of nickel, chromium, and other alloying elements significantly impact production costs and profit margins.
  • Cyclical Demand. The stainless steel industry is highly sensitive to economic cycles, particularly in the construction and automotive sectors.
  • Regulatory and Trade Risks. Changes in international trade policies, anti-dumping duties, and environmental regulations can affect export competitiveness and operational costs.
  • Currency Risk. As an exporter, the company is exposed to foreign exchange rate volatility which can affect its international revenue streams.

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Key Metrics

REVENUE

₹46,007 Cr

TTM · consolidated

+11.7%YoY

NET PROFIT

₹3,328 Cr

TTM · consolidated

+20.3%YoY

EPS

₹40.49

TTM · consolidated

+20.5%YoY

RETURN ON EQUITY

16.9%

TTM · consolidated

+1.6 ppYoY

RETURN ON CAPITAL EMPLOYED

19.4%

TTM · consolidated

+1.6 ppYoY

P/E

16.7×

Q2 FY27 · consolidated

16.7 vs 21.4x5Y avg

EV/EBITDA

10.1x

Q2 FY27 · consolidated

10.1 vs 15.4x5Y avg

EBITDA MARGIN

13.3%

TTM · consolidated

+0.6 ppYoY

NET PROFIT MARGIN

7.0%

Q2 FY27 · consolidated

-0.4 ppYoY

DEBT TO EQUITY

0.3%

Q2 FY27 · consolidated

-0.0 ppYoY

Peers · Iron & Steel

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Jindal Stainless Ltd.JSL
₹55,566 Cr16.7×10.1311.7%13.3%16.9%19.4%-10.1%
Steel Authority of India Ltd.SAIL
₹66,501 Cr16.0×6.876.4%12.9%7.2%8.1%+20.8%
Sarda Energy and Minerals Ltd.SARDAEN
₹15,535 Cr13.6×8.62-2.2%37.1%15.2%16.3%-19.0%
NMDC Steel Ltd.NSLNISP
₹11,037 Cr125.7×9.6541.6%11.6%0.6%3.4%-9.5%
Vedanta Iron and Steel LimitedVISL
₹9,971 Cr———13.0%———
Jai Balaji Industries LimitedJAIBALAJI
₹5,613 Cr42.8×15.132.0%6.5%6.6%11.3%-28.4%

As of Q2 FY27

Financials