Jindal Steel & Power Ltd. (JINDALSTEL) AI Stock Analysis

• Market Cap: ₹1.15T
• Dividend Yield: 0.2%
• Average Volume (3M): 25.00K
• Price to Earnings (P/E): 59.2
• Beta (1Y): 1.43
• Revenue Growth: -2.21%
• EPS Growth: -46.30%
• Country: IN
• Employees: 5,938
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 4.50
• Shares Outstanding: 1,020,088,100
• 10 Day Avg. Volume: 26,145
• 30 Day Avg. Volume: 24,999
• PEG Ratio: -0.61
• Price to Book (P/B): 1.93
• Price to Sales (P/S): 1.83
• P/FCF Ratio: 420.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: ₹979.00 ▼(-12.52% Downside)

Jindal Steel & Power Ltd. receives an overall score of 57, reflecting a stable yet challenging financial outlook. The company's strong operational efficiency and healthy balance sheet are offset by revenue volatility and high capital expenditures impacting cash flow. Technical indicators suggest a neutral to slightly bearish trend, while the high P/E ratio indicates potential overvaluation.

Positive Factors

Operational Efficiency

A strong gross profit margin indicates effective cost management and pricing power, contributing to long-term profitability despite revenue volatility.

Balance Sheet Health

A healthy debt-to-equity ratio suggests financial stability and the ability to manage leverage effectively, supporting sustainable growth and investment capacity.

Cash Generation

Efficient cash generation from operations ensures liquidity and the ability to fund operations and investments, crucial for long-term financial health.

Negative Factors

Revenue Volatility

Inconsistent revenue growth can hinder strategic planning and investment, posing a risk to sustained business expansion and market competitiveness.

High Capital Expenditures

High capital expenditures strain free cash flow, limiting financial flexibility and potentially impacting the company's ability to invest in growth opportunities.

Declining Profitability

A decline in return on equity indicates reduced profitability for shareholders, which may affect investor confidence and the company's ability to attract capital.

Jindal Steel & Power Ltd. Business Overview & Revenue Model

Company Description

Jindal Steel & Power Limited operates in the steel, power, mining, and infrastructure sectors in India and internationally. It operates through Iron and Steel Products, Power, and Others segments. The company offers track and crane rails, and flash-butt welded rail panels; and medium and heavy hot rolled parallel flange beams and column sections for use in refineries, metro rail projects, airports, flyovers, power plants, highways, malls, and high rise buildings. It also provides discrete and cut to length plates, and hot rolled coils that are used in general engineering and structural fabrication, railway wagons, pressure vessels and boilers, oil and gas pipelines, bridges and flyovers, shipbuilding, earthmoving equipment, wind mills, and defense equipment; angles and channels for infrastructure, and industrial and light construction segments; TMT rebars; wire rods for various applications; round bars; and fabricated sections. In addition, the company offers suspended concrete flooring systems for use in steel frame structures, RCC frame buildings, poured insitu or precast concrete frames, light gauge steel frames, and conventional structural brick wall constructions; semi-finished products for pipe industries, integrated mills, and rolling facilities; and coal-based sponge iron products. Further, it operates coal and iron ore mines located at various locations in India and internationally; a 3400 MW thermal power plant in Tamnar, Chhattisgarh; and a 258 KM long 400 KV double circuit transmission line to pump the power into the National Grid in India. Additionally, the company produces cement under the Jindal Panther brand; and provides structural steel fabrication and project management services for constructing steel buildings, as well as offers engineering based customized construction solutions. The company was incorporated in 1979 and is based in New Delhi, India.

How the Company Makes Money

Jindal Steel & Power Ltd. generates revenue through multiple streams, primarily from the sale of steel products and power generation. The company's steel segment contributes a substantial portion of its earnings, driven by domestic and international sales of various steel grades and products. Additionally, the power generation segment, which includes thermal and renewable energy sources, provides a steady income through long-term power purchase agreements (PPAs) with government and private entities. The company also benefits from its mining operations, which supply iron ore and coal for its production processes, reducing raw material costs and enhancing profit margins. Strategic partnerships with other industries and investments in infrastructure projects further bolster its revenue potential.

Jindal Steel & Power Ltd. Financial Statement Overview

Summary

Jindal Steel & Power Ltd. shows a mixed financial performance. Strong operational efficiency is indicated by a stable EBIT margin of 13.42% and EBITDA margin of 16.82%. However, revenue volatility and a decline in net profit margin to 5.61% pose challenges. The balance sheet is moderately stable with a healthy debt-to-equity ratio of 0.39, but cash flow is strained due to high capital expenditures.

Income Statement

Jindal Steel & Power Ltd. shows a mixed income statement performance. The gross profit margin remained strong at around 53%, and the net profit margin for the most recent year was approximately 5.61%, which is a decline from the previous year. Revenue growth has been inconsistent, with a notable decline in the most recent year, indicating some volatility in revenue streams. The EBIT margin was 13.42%, and the EBITDA margin was 16.82%, showing stable operational efficiency despite revenue fluctuations.

Balance Sheet

The company's balance sheet reflects moderate financial stability. The debt-to-equity ratio is 0.39, which is relatively healthy for the steel industry. Return on equity has decreased to 5.96%, signaling reduced profitability for shareholders. The equity ratio stood at 54.96%, indicating a solid equity foundation. Despite some fluctuations, the company's leverage remains under control.

Cash Flow

Cash flow analysis shows challenges in free cash flow growth, which was negative due to high capital expenditures. The operating cash flow to net income ratio was strong at 3.85, indicating efficient cash generation from operations. However, the free cash flow to net income ratio was only 0.08, reflecting strain on free cash flow due to investment activities. This suggests a need for cautious capital management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	484.42B	497.65B	500.27B	527.11B	510.86B	345.41B
Gross Profit	261.48B	258.06B	277.45B	280.30B	303.28B	235.27B
EBITDA	83.22B	81.82B	100.96B	97.27B	171.47B	143.49B
Net Income	29.66B	28.12B	59.38B	31.74B	57.53B	36.34B
Balance Sheet
Total Assets	0.00	858.39B	787.15B	694.27B	766.44B	778.40B
Cash, Cash Equivalents and Short-Term Investments	56.61B	58.85B	44.60B	51.67B	38.71B	69.77B
Total Debt	0.00	184.06B	164.72B	130.46B	135.02B	299.10B
Total Liabilities	-474.19B	384.20B	339.65B	304.08B	395.48B	469.04B
Stockholders Equity	474.19B	471.85B	443.16B	387.07B	356.25B	318.14B
Cash Flow
Free Cash Flow	0.00	2.17B	-25.09B	8.27B	131.03B	111.03B
Operating Cash Flow	0.00	108.24B	60.08B	72.76B	160.48B	119.61B
Investing Cash Flow	0.00	-123.23B	-83.44B	-40.90B	-23.31B	-18.84B
Financing Cash Flow	0.00	8.09B	13.81B	-25.00B	-151.20B	-46.12B

Jindal Steel & Power Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1119.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JINDALSTEL, the sentiment is Positive. The current price of 1119.05 is above the 20-day moving average (MA) of 1062.08, above the 50-day MA of 1036.91, and above the 200-day MA of 995.23, indicating a bullish trend. The MACD of 23.19 indicates Negative momentum. The RSI at 65.35 is Neutral, neither overbought nor oversold. The STOCH value of 86.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:JINDALSTEL.

Jindal Steel & Power Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NMDC	75 Outperform	₹713.46B	10.60	―	4.05%	20.05%	15.58%
GPIL	75 Outperform	₹166.41B	22.21	―	0.39%	-0.96%	-11.90%
JINDALSAW	73 Outperform	₹112.46B	10.01	―	1.18%	-13.69%	-30.57%
SAIL	73 Outperform	₹623.92B	23.29	―	1.21%	6.45%	1.13%
LLOYDSME	67 Neutral	₹581.94B	32.95	―	0.07%	22.86%	20.96%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
JINDALSTEL	57 Neutral	₹1.15T	59.18	―	0.20%	-2.21%	-46.30%

Jindal Steel & Power Ltd. Corporate Events

Jindal Steel Faces Non-Material GST Demand After Odisha Tax Audit

Jindal Steel Limited has disclosed that it received a GST demand order from the Joint Commissioner, CGST & Central Excise, Rourkela Commissionerate, following a GST audit in Odisha for FY 2021-22 and 2022-23, alleging excess availment of input tax credit amounting to Rs 2.15 crore, plus interest and a penalty of Rs 21.53 lakh. The company stated it is reviewing the order and considering necessary actions, including an appeal where required, while emphasizing that the amounts involved are not material and are not expected to affect its financials, operations or other business activities, suggesting limited immediate impact for shareholders and other stakeholders.

Jindal Steel Grants Over 5.7 Lakh Stock Options Under 2022 Employee Scheme

Jindal Steel Limited has approved the grant of 571,909 stock options to eligible employees of the company and its subsidiary under the Jindal Steel Employee Benefit Scheme 2022, as cleared by the Nomination and Remuneration Committee on December 20, 2025. The options, which are compliant with SEBI’s Share Based Employee Benefits and Sweat Equity Regulations 2021, will convert one-for-one into equity shares with a pricing formula of face value plus 50% of the market price, vest in five equal annual tranches of 20%, and can be exercised within five years of vesting, reinforcing the company’s long-term employee retention and alignment strategy.

Jindal Steel & Power Schedules Investor Meeting with HSBC Asset Management

Jindal Steel & Power Ltd. has announced a scheduled meeting with HSBC Asset Management on December 11, 2025, as part of its ongoing engagement with analysts and institutional investors. This meeting, conducted virtually, signifies the company’s commitment to maintaining transparent communication with its stakeholders, potentially impacting investor relations and market perceptions.

Jindal Steel Schedules Investor Meeting at Mumbai Summit

Jindal Steel Limited has announced the schedule for its upcoming Analyst and Institutional Investor meeting, which is set to take place on November 12, 2025, at Anand Rathi’s G-200 Summit in Mumbai. This meeting is part of the company’s ongoing efforts to engage with investors and analysts, potentially impacting its market positioning and stakeholder relations.