Jindal Stainless Limited

Jindal Stainless Limited (JSL) is a mid-cap Metals & Mining company valued at ₹60,698 crore operating in Iron & Steel on the NSE and BSE.

Recent price move

Jindal Stainless Limited last traded at ₹733.6, modestly up 1.24% on the day.

Recent developments

2026-09-07: Jindal Stainless signed a pact with Japan's JFE Steel to enhance ferritic stainless steel manufacturing, supporting product quality and practices. 2026-08-09: The company plans to identify a site for a ₹40,000-cr Maharashtra project in the next two quarters, with a capacity of 4 million tonnes per annum. 2026-08-05: Oyster Renewable commissioned a 52.8 MW wind capacity in Gujarat for Jindal Stainless, involving an investment of ₹385 crore. 2026-08-04: Jindal Stainless reported Q1 net profit up 8% as price hikes offset cost pressures from West Asia conflict disruptions.

Financial performance

The company's business is improving, with annual revenue rising 9.3% and net profit growing 27.4% year-over-year. The latest quarter saw revenue increase 10.5% and net profit rise 7.5% compared to the same quarter a year earlier. Net profit margin expanded 1.1 percentage points to 7.4%, while return on equity and return on capital employed remained strong at 16.1% and 17.7%, respectively.

Valuation multiples

The stock trades at 18.9 times earnings, 3.19 times book value. It yields 0.5%.

Things to watch

The stock is 19.8% below its 52-week high. Promoter shares pledged amount to 0.60% of promoter holding. Foreign institutional holding fell by 0.38 percentage points in the quarter. The company's debt to equity ratio, while low at 0.37, remains a factor in financial leverage.

Where it stands

Jindal Stainless Limited has shown strong growth in both revenue and net profit, with the latest quarter reflecting continued improvement. The most significant movement was in net profit margin, which rose 1.1 percentage points. The stock is currently 19.8% below its 52-week high.

Summarised by DocStoX's model on 2026-10-10 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.