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Jindal Stainless Ltd.

Iron & SteelSteel & Iron Products

www.jindalstainless.com BSE: 532508NSE: JSL

₹735.50BSE0.69%

07 Sep, 4:01 PM

₹735.50

₹60.76K Cr

18.70

2.97

17.51%

₹741.00

₹728.40

₹883.25

₹652.45

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Price Performance

Peer Comparison

Name
JSWSL JSWSTEEL	1,303.70	12.86	3,18,813.83	0.54	4,696.00	112.58%	47,364.00	9.77%	20.67
TATA STEEL TATASTEEL	185.50	20.99	2,31,568.11	2.16	2,385.24	18.82%	60,794.29	14.32%	12.70
STEEL AUTH. SAIL	187.90	18.17	77,612.57	1.25	1,644.05	120.80%	26,245.67	1.25%	7.08
WELCORP WELCORP	2,599.25	29.69	68,565.78	0.19	1,047.88	200.11%	4,081.12	14.91%	23.94
APL APOLLO APLAPOLLO	2,201.00	49.72	61,112.61	0.39	263.11	10.94%	5,606.71	8.45%	31.83
Jindal Stainless Ltd. JSL	735.50	18.70	60,763.85	0.54	768.66	7.56%	11,278.54	10.50%	19.19
SHYAMMETL SHYAMMETL	1,085.45	26.90	30,298.37	0.42	350.73	20.66%	5,455.09	23.33%	13.88
JINDAL SAW JINDALSAW	308.55	30.24	19,732.03	0.65	90.79	-78.15%	4,452.31	9.00%	10.38

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	9,429.76	9,776.83	9,907.30	10,198.32	10,207.14	10,892.78	10,517.55	11,337.19	11,278.54
Expenses	8,218.04	8,590.34	8,699.76	9,137.44	8,897.34	9,504.93	9,109.61	9,882.35	9,949.40
	1,211.72	1,186.49	1,207.54	1,060.88	1,309.80	1,387.85	1,407.94	1,454.84	1,329.14
	12.85%	12.14%	12.19%	10.40%	12.83%	12.74%	13.39%	12.83%	11.78%
	50.74	47.05	99.11	86.89	68.87	107.09	72.16	45.02	118.39
Interest	142.73	158.59	160.51	149.81	144.12	140.83	134.18	148.80	146.19
	232.36	240.90	241.63	241.23	251.84	261.90	268.90	277.66	302.36
	885.94	834.27	890.00	728.75	969.05	1,078.42	1,082.28	1,112.32	1,033.59
	27.08%	26.95%	26.49%	19.04%	26.25%	25.08%	23.52%	25.00%	25.63%
	648.06	611.31	654.84	590.99	714.16	806.94	828.79	843.56	769.36
	7.87	7.42	7.95	7.18	8.67	9.80	10.06	10.24	9.34

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	33,232.31	36,301.57	39,081.45	40,577.63	44,457.25
	32,732.65	35,697.03	38,562.47	39,312.21	42,954.66
EXPENDITURE :
Increase/Decrease in Stock	-1,280.60	-854.19	663.34	-786.02	260.45
Raw Material Consumed	22,611.51	25,326.31	26,051.58	27,651.74	28,250.53
Power & Fuel Cost	1,742.51	2,038.23	2,220.64	2,416.20	2,700.32
Employee Cost	509.67	508.84	604.35	805.10	942.29
Other Manufacturing Expenses	3,199.57	4,003.84	3,437.97	3,359.28	3,720.16
General and Administration Expenses	180.02	228.77	270.08	283.95	338.52
Selling and Distribution Expenses	620.45	822.46	672.68	837.67	964.74
Miscellaneous Expenses	319.76	107.43	131.04	232.03	295.63
	27,902.89	32,181.69	34,051.68	34,799.95	37,472.64
Operating Profit (Excl OI)	4,829.76	3,515.34	4,510.79	4,512.26	5,482.02
	331.40	197.04	362.62	445.22	429.89
	5,161.16	3,712.38	4,873.41	4,957.48	5,911.91
Interest	343.69	324.62	554.39	611.64	567.93
PBDT	4,817.47	3,387.76	4,319.02	4,345.84	5,343.98
	759.11	723.75	878.83	956.12	1,060.30
Profit Before Taxation & Exceptional Items	4,058.36	2,664.01	3,440.19	3,389.72	4,283.68
Exceptional Income / Expenses			99.15	-7.06	-58.34
	4,159.04	2,773.97	3,592.47	3,338.96	4,242.07
Provision for Tax	1,049.65	690.14	898.99	839.24	1,057.50
	3,109.39	2,083.83	2,693.48	2,499.72	3,184.57
Extra items				0.00	0.00
Minority Interest	-30.57	30.67	19.73	5.48	8.88
Consolidated Net Profit	3,078.82	2,114.50	2,713.21	2,505.20	3,193.45
Profit Balance B/F	2,470.77	5,547.29	7,658.75	10,073.91	12,311.72
Appropriations	5,549.59	7,661.79	10,371.96	12,579.11	15,505.17
Equity Dividend %		125.00%	150.00%	150.00%	200.00%
	58.59	25.68	32.95	30.42	38.76
Adjusted EPS	58.59	25.68	32.95	30.42	38.76

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	105.10	164.69	164.69	164.73	164.79
Share Warrants & Outstandings	2,925.82		9.52	35.85	75.92
Total Reserves	6,792.17	11,766.49	14,183.69	16,487.36	19,550.57
Reserve excluding Revaluation Reserve	6,792.17	11,766.49	14,183.69	16,487.36	19,550.57
	9,823.09	11,931.18	14,357.90	16,687.94	19,791.28
Minority Interest	67.04	36.39	16.63	20.27	90.89
Secured Loans	2,184.93	2,656.63	4,443.34	4,285.72	3,979.76
Unsecured Loans	444.97	135.16	119.42	34.00	956.17
Deferred Tax Assets / Liabilities	882.14	860.62	1,189.08	1,059.30	1,092.94
Other Long Term Liabilities	474.13	526.78	541.31	516.34	427.84
Long Term Provisions	33.24	42.94	53.25	70.64	114.33
Total Non-Current Liabilities	4,019.41	4,222.13	6,346.40	5,966.00	6,571.04
Trade Payables	5,742.71	7,820.99	6,925.72	9,139.88	8,265.87
Other Current Liabilities	1,741.05	2,294.43	2,380.49	2,899.02	4,003.00
Short Term Borrowings	1,152.55	808.07	726.49	1,129.10	1,619.39
Short Term Provisions	30.07	2.29	7.30	57.05	35.49
Total Current Liabilities	8,666.38	10,925.78	10,040.00	13,225.05	13,923.75
Total Liabilities	22,575.92	27,115.48	30,764.85	35,917.02	40,440.85
Gross Block	12,192.77	14,240.28	17,998.31	20,444.56	24,900.77
Less: Accumulated Depreciation	3,546.55	4,279.20	4,753.93	5,654.47	6,695.01
Net Block	8,646.22	9,961.08	13,244.38	14,790.09	18,205.76
Capital Work in Progress	517.94	760.90	1,084.63	1,770.27	1,790.21
Non Current Investments	554.91	669.40	902.21	1,641.65	1,546.06
Long Term Investment	554.91	669.40	902.21	1,641.65	1,546.06
Long Term Loans & Advances	845.75	587.95	685.53	866.59	1,078.00
Other Non Current Assets	9.03	12.32	28.04	27.21	293.33
Total Non-Current Assets	10,581.08	12,003.75	15,982.24	19,118.71	22,940.35
Currents Investments	70.66	300.70	344.25	4.50	1.12
Inventories	6,785.38	8,393.92	7,931.50	9,700.28	9,507.52
Sundry Debtors	3,859.72	3,657.82	2,836.85	3,107.01	3,085.62
Cash and Bank	256.28	930.81	1,988.11	2,269.87	2,934.03
Other Current Assets	275.94	536.72	368.44	352.50	497.22
Short Term Loans and Advances	746.86	1,291.76	924.54	1,171.70	1,287.00
Total Current Assets	11,994.84	15,111.73	14,393.69	16,605.86	17,312.51
Net Current Assets (Including Current Investments)	3,328.46	4,185.95	4,353.69	3,380.81	3,388.76
Total Assets	22,575.92	27,115.48	30,764.85	35,917.02	40,440.85
Contingent Liabilities	611.90	551.02	552.06	721.14	739.55
Total Debt	3,921.66	3,871.43	5,948.19	6,297.73	7,341.59
	131.25	144.89	174.25	202.17	239.28
Adjusted Book Value	131.25	144.89	174.25	202.17	239.28

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	4,159.04	2,773.97	3,592.47	3,338.96	4,242.07
Adjustment	968.07	872.69	1,212.77	1,334.34	1,528.66
Changes In working Capital	-3,232.23	202.64	750.14	663.45	-1,399.26
Cash Flow after changes in Working Capital	1,894.88	3,849.30	5,555.38	5,336.75	4,371.47
Cash Flow from Operating Activities	1,038.09	3,095.63	4,818.13	4,718.36	3,394.99
Cash Flow from Investing Activities	-985.27	-2,481.65	-3,340.16	-3,438.70	-3,505.62
Cash Flow from Financing Activitie	101.48	-386.25	-829.35	-1,882.39	-112.23
Net Cash Inflow / Outflow	154.30	227.73	648.62	-602.73	-222.86
Opening Cash & Cash Equivalents	86.72	241.02	469.91	1,230.22	632.77
Cash & Cash Equivalent of Subsidiaries under liquidations			116.66	5.72	2.16
Effect of Foreign Exchange Fluctuations		1.16	0.23	-2.16	-6.16
Closing Cash & Cash Equivalent	241.02	469.91	1,235.42	631.05	405.91

Ratios

Valuation

18.70

2.97

10.90

1.38

39.41

248.05

Profitability

17.51

19.19

8.34

12.33

7.16

Leverage & Liquidity

0.37

1.24

8.47

Returns

0.54

1.16

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	60.49	60.49	60.71	60.88	61.10	61.23	61.23	62.05	62.05
	28.74	28.64	28.43	28.28	28.34	28.50	28.75	28.02	27.80
	10.77	10.86	10.86	10.82	10.56	10.27	10.02	9.93	10.15
	39.51	39.51	39.29	39.12	38.90	38.77	38.77	37.95	37.95
No. of Shareholders	2,02,103	2,09,910	2,11,924	2,22,569	2,19,278	2,12,125	2,09,086	2,07,613	2,11,641

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-08-10	AGM
2026-07-27	Board Meeting	Quarterly Results
2026-05-04	Ex Dividend	Rs.3.0000 per share(150%)Final Dividend	2026-08-21	2026-08-21

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Iron & SteelSteel & Iron Products

Jindal Stainless Ltd. operates in the Iron & Steel sector under the Steel & Iron Products industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

10 members across the board and senior leadership

Navneet Raghuvanshi

Head-Legal, Company Secretary & Compliance Officer

—

Ratan Jindal

Chairman & Managing Director

—

Abhyuday Jindal

Managing Director

₹34.19 Cr

Mar '26

Tarun Kumar Khulbe

Whole Time Director & CEO

₹5.22 Cr

Mar '26

Jagmohan Sood

Whole Time Director & COO

₹4.38 Cr

Mar '26

Rajeev Uberoi