NSE: JINDALSTEL · BSE: 532286 · ISIN INE749A01030
JINDAL STEEL LIMITED stock analysis
JINDAL STEEL LIMITED ranks #3146 in the TickerSutra evidence-ranked universe with a score of 42/100 and 95% data confidence. The latest captured fundamentals show ROCE of 9.7%, quarterly sales growth of 25.9% and quarterly profit growth of -43.5%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
Risks and constraints
- Promoter pledge is 9.9% of promoter holding
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹51,166cr | ₹15,559cr | ₹6,766cr | 30.0% |
| 2023 | ₹53,212cr | ₹9,942cr | ₹3,974cr | 19.0% |
| 2024 | ₹50,354cr | ₹10,202cr | ₹5,943cr | 20.0% |
| 2025 | ₹50,129cr | ₹9,488cr | ₹2,846cr | 19.0% |
| 2026 | ₹53,455cr | ₹9,704cr | ₹3,361cr | 18.0% |
| TTM | ₹56,413cr | ₹9,299cr | ₹2,709cr | 16.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
Invest in advanced manufacturing technologies, digital transformation, low- carbon innovation, and R&D capabilities. Positive – lower operating costs, higher margins, premium products, improved access to sustainable finance. 6 Biodiversity Risk Expansion near ecologically sensitive areas, inadequate biodiversity assessments, and poor stakeholder engagement can result in project delays and regulatory challenges.
KEY INDUSTRY HIGHLIGHTS OF FY 2025-26 KEY INDUSTRY HIGHLIGHTS OF FY 2025-26 8.3 MT Steel exports 8.2 MT Steel imports ₹ 11.21 lakh crore Government capital expenditure 169.2 MT India's crude steel production 164.2 MT Finished steel consumption Infrastructure investments continue to drive steel demand India's infrastructure expansion remained the strongest catalyst for steel demand during FY 2025-26, supported by the
Our focus remains on delivering consistent returns, maintaining financial flexibility, and creating sustainable value for all stakeholders. As our newly commissioned capacities ramp up, our focus will shift from investment to value realisation through higher asset utilisation, improved operating leverage, stronger cash generation, and disciplined capital allocation. I sincerely thank our shareholders, lenders, invest
At the same time, steady export volumes from Australia and Brazil ensured adequate seaborne supply, keeping the market broadly balanced and limiting significant price volatility. The World Bank expects iron ore prices to remain under pressure over the medium term, with ample global supply and weak demand growth from China outweighing support from other regions. Reflecting these market dynamics, Australia 61.5% Fe iro
GLOBAL LEADERSHIP IN HEAT-TREATED STEEL We have significantly solidified our position in specialised steel manufacturing through a major expansion of our heat-treatment capability, elevating our capacity to 700,000 tonnes per annum. This critical milestone reinforces our domestic market leadership, dramatically enhances our export readiness, and directly supports India’s strategic journey towards total self-reliance
Net debt stood at INR 15,927 crores, translating into a net debt to EBITDA ratio of 1.71x. With the ongoing ramp-up of new facilities and continued focus on the cash generation, we remain confident of achieving the ratio below our stated threshold of 1.5x during Q2FY27 and continue to have through the commodity cycle, reinforcing our position as one of the strongest balance sheets in the industry. Our capital allocat
Our integrated manufacturing footprint enables us to produce high-quality steel efficiently, reliably and at scale. Continued investments in capacity expansion, technology, asset reliability and process optimisation strengthen productivity, operating performance and our ability to serve diverse market requirements. 6 MTPA Increase in total capacity 15.6 MTPA Crude steel capacity ₹ 9,574 Cr Capex on plant, machinery a
Management Discussion and Analysis (Contd.) Source: RBI to address excess capacity. Despite lower production, higher exports from China continued to influence international markets and contributed to pressures across regions. India strengthened its position as the world’s second- largest crude steel producer, with production reaching 164.9 million tonnes in CY2025, registering a growth of over 10% compared with the p
Our positioning India's steel industry strengthens its global competitiveness India continued to strengthen its position among the world's fastest- growing steel-producing nations. Domestic demand remained resilient despite subdued global steel consumption and persistent pricing pressures arising from elevated Chinese steel exports and shifting international trade dynamics. Supported by strong domestic fundamentals,
Pellets We command 15 MTPA of total pellet capacity, split between Barbil (9 MTPA) and Angul (6 MTPA). This heavy backward integration guarantees supply reliability and drastically limits external dependence. Power Our captive power backbone totals 2,684 MW across ACPP (810 MW), DCPP (540 MW), Raigarh (284 MW), and SBPP (1,050 MW), ensuring flawless business continuity and grid independence.
In March 2025, the Company was declared the preferred bidder for the Saradhapur Jalatap East coal block, an unexplored asset with estimated geological resources of 3.25 billion tonnes. The Company is currently progressing with the requisite regulatory approvals and development activities. The addition of this resource will further strengthen our energy security, enhance raw material self-sufficiency, and support the
Key stakeholders » Investors » Value chain partners UN SDGs aligned Financial Capital 12-163 Corporate Overview 164-293 Statutory Reports 294-484 Financial Statements Integrated Report 2025-26 75The Steel of India74 Cash flows, investments and financing resources are managed to improve capital efficiency, maintain liquidity and support sustainable growth. Deleveraging remains an important objective, supported by inte
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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