J

JINDAL STEEL LIMITED

JINDALSTELNSE
Market snapshot · 2026-08-10 21:57 UTC

1,125.00

+₹22.00 (+1.99%)

MARKET CAP

₹1.14L Cr

STOCK P/E

42.2x

52W HIGH

₹1,306.20

52W LOW

₹943.30

BOOK VALUE

₹500.34

EPS

₹26.69

ROE

SECTOR

Materials

DEBT/EQUITY

43.61

VOLUME

8.96L

P/B RATIO

2.25x

PEG RATIO

-0.95

Sector

Materials

Themes

Iron & SteelJindal GroupSavitri Jindal Portfolio
D
Dividend
E
Earnings
₹1,270.00₹1,188.95₹1,107.90₹1,026.85₹945.80VolumeEDEEEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Jindal Steel is an integrated steel manufacturer serving Indian and international markets. TMT rebars, structural sections, rails, and wire rods drive long-steel revenue, while hot-rolled coils, plates, and coated products support flat-steel sales. Specialized billets, fabricated sections, pressure equipment, and steel-plant cranes add value-added exposure. Revenue grew 6.6% year-on-year, while profit increased 19.7%, with stable margins; however, provided updates concern Power Grid Corporation, not Jindal Steel. Stable margins indicate limited operating deterioration, but ROE is unavailable for assessing returns. Debt/equity of 43.61 implies exceptionally high leverage, which can magnify financial costs and distort shareholder returns. At 41.3 times earnings, the stock appears rich relative to 6.6% revenue growth and 19.7% profit growth. The valuation leaves limited room for steel-price weakness, execution delays, or refinancing pressure, supporting a Fair-to-Rich view despite neutral sentiment.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for JINDALSTEL.

33.00 analysts

Price Forecast

Current
₹1,125
High Target
₹1,410
▲ +25.3%
Median Target
₹1,254
▲ +11.5%
Low Target
₹590.00
▼ -47.6%
Now₹1,125High ₹1,410Median ₹1,254Low ₹590.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
33 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹952.35 - ₹1,36480%
6M₹895.72 - ₹1,48980%
12M₹827.69 - ₹1,69980%
Realized vol: +28.1% · Drift: +9.2%

Revenue Forecast

₹ Cr
Jun '26Current₹15,275.0
Sep 2026 ETrend estimate range
High₹15,858.9Base₹14,684.1Low₹13,509.4
Sep '25: ₹12,109.0 · Dec '25: ₹13,559.0 · Mar '26: ₹15,935.0 · Jun '26: ₹15,275.0 · Sep '26: ₹14,684.1 · Dec '26: ₹16,442.5
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E12,109.013,559.015,935.015,275.014,684.116,442.5
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹10.65
Sep 2026 ETrend estimate range
High₹7.08Base₹6.32Low₹5.56
Sep '25: ₹9.03 · Dec '25: ₹6.59 · Mar '26: ₹-1.41 · Jun '26: ₹10.65 · Sep '26: ₹6.32 · Dec '26: ₹4.61
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E9.036.59-1.4110.656.324.61
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
47%
Analyst Consensus
Weakening

From 33 analysts

Mean upside+8.6%

Fundamentals

Weakening

Fundamentals institutional score is 28 using growth durability 28.4.

Valuation

Fairly valued

Valuation institutional score is 54 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 46 using mean target upside 8.6%; dispersion penalty 26.8; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 60 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 2 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. Available evidence provides partial support, while fundamentals and valuation remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Fairly valuedAnalyst Consensus NeutralTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price1,221.7 target
Mean Upside+8.6%
Technical Score60%
Fundamental Score28%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 15.9% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +1.02). Confidence: 83%.

Live forward EPS implies next-12-month EPS of ₹88.00. Applying the stock's normalized valuation corridor produces a fair range of ₹2,814.24 to ₹3,429.36, with base value near ₹3,137.20 (+178.9% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹88.00

Forward P/E

12.8x

Base Fair Value

₹3,137.20

Fair Range

₹2,814.24 - ₹3,429.36

Upside To Base

+178.9%

Estimate Source

Live forward EPS

Growth Estimate

-43.7%

P/E
Strongly Overvalued

5Y Average

28.77

Current

41.33

Overvalued

38.97

Undervalued

31.98

EV/EBITDA
Strongly Overvalued

5Y Average

9.76

Current

14.30

Overvalued

12.64

Undervalued

6.78

P/B
Undervalued

5Y Average

2.25

Current

2.25

Overvalued

2.58

Undervalued

1.91

Peers & Comparison

Sector: Materials · Theme: Iron & Steel

Iron & Steel Peers5 peers
Avg P/E: 320.2x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
JSW STEEL LIMITED
JSWSTEELIron & Steel
+9.8%13.1%
12.8x
Undervalued
-96% vs avg
+23.4%
+10.5%7.4%
18.6x
Undervalued
-94% vs avg
+8.3%
TATA STEEL LIMITED
TATASTEELIron & Steel
+14.3%4.6%
21.5x
Undervalued
-93% vs avg
+18.3%
KIOCL LIMITED
KIOCLIron & Steel
-10.6%2.7%
1455.9x
Premium
+355% vs avg
+14.4%
BHARAT FORGE LTD
BHARATFORGIron & Steel
+17.5%6.4%
92.4x
Undervalued
-71% vs avg
+94.3%
WHY THESE PEERS

JINDAL STEEL LIMITED trades at a discount (42.2x vs peer avg 320.2x), suggesting potential undervaluation relative to the Iron & Steel cohort. Peers include JSW STEEL LIMITED, JINDAL STAINLESS LIMITED, TATA STEEL LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹15.28K CrJun 2026

Latest net profit

₹1.09K CrJun 2026

Latest EPS

₹10.65Jun 2026

Net margin

15.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%6.0%12.0%18.0%24.0%-5.50K Cr0.00 Cr5.50K Cr11.00K Cr16.50K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr4.00K Cr8.00K Cr12.00K Cr16.00K Cr₹-6₹0₹6₹12₹18
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr4.00K Cr8.00K Cr12.00K Cr16.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr25.00K Cr50.00K Cr75.00K Cr1.00L Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +12,31112,08211,51613,77312,84311,50411,43613,03512,42012,10913,55915,93515,275
Expenses +9,6579,7708,79711,25410,1449,5649,27510,8979,56410,14911,90913,93213,052
Operating Profit2,6532,3122,7192,5192,6991,9402,1612,1392,8561,9591,6502,0032,224
OPM %22%19%24%18%21%17%19%16%23%16%12%13%15%
Other Income +14263015232516-1,2631610-47-1,15316
Interest25825819521018316713313797133102441147
Depreciation540555559563564573571564578593605606620
Profit before tax1,8701,5261,9941,7621,9751,2241,4731752,1971,244896-1971,474
Tax %25%27%26%27%26%27%21%38%26%26%25%-27%26%
Net Profit +1,4001,1091,4841,2821,4578941,1631081,624921673-1431,086
EPS in Rs13.7210.8714.5412.5614.288.7711.401.0515.929.036.59-1.4110.65
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +62.36%62.38%62.71%62.71%62.71%
FIIs +9.76%9.43%9.02%9.19%8.84%
DIIs +18.09%18.74%19.10%19.14%19.52%
Public +9.54%9.20%8.93%8.73%8.73%
Others0.25%0.25%0.24%0.23%0.20%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 07, 2026PDFCompany Reports Open

Intimation Of Record Date Pursuant To Regulation 42 Of The SEBI (LODR) Regulations, 2015

Aug 06, 2026PDFCompany Reports Open

Business Responsibility and Sustainability Reporting (BRSR)

Aug 06, 2026PDFCompany Reports Open