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

• Market Cap: ₹1.05T
• Dividend Yield: 0.19%
• Average Volume (3M): 33.00K
• Price to Earnings (P/E): 35.9
• Beta (1Y): 1.43
• Revenue Growth: -5.12%
• EPS Growth: -47.40%
• Country: IN
• Employees: 5,938
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 14.80
• Shares Outstanding: 1,020,088,100
• 10 Day Avg. Volume: 23,228
• 30 Day Avg. Volume: 32,999
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹979.00
• Price Target Upside: -4.91% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 57 Neutral
• Price Target: ₹979.00 ▼(-4.91% Downside)

Jindal Steel & Power Ltd. has a stable financial foundation with operational efficiency, but faces challenges with revenue volatility and cash flow management. Technical indicators are neutral, and the stock appears overvalued with a high P/E ratio and low dividend yield. These factors contribute to a moderate overall stock score.

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. Its core revenue comes from the production and sale of steel products such as sponge iron, hot rolled plates, and coils, catering to various industries like construction, automotive, and general engineering. Additionally, the company earns from its power generation operations, selling electricity generated from its thermal and hydroelectric power plants. The company also engages in mining activities, extracting raw materials like iron ore and coal, which are used internally and sold to third parties. Strategic partnerships and joint ventures enhance its market reach and operational capabilities, contributing to its financial performance. Jindal Steel & Power Ltd. focuses on both domestic and international markets, aligning with global standards to drive sales and profitability.

Jindal Steel & Power Ltd. Financial Statement Overview

Summary

Jindal Steel & Power Ltd. shows a mixed financial performance. Strong gross profit margin and stable operational efficiency are offset by revenue volatility and challenges in free cash flow growth. The balance sheet is moderately stable with manageable leverage.

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	497.65B	497.65B	500.27B	527.11B	696.47B	489.04B
Gross Profit	246.13B	265.69B	277.45B	285.14B	200.73B	186.77B
EBITDA	95.58B	84.32B	103.57B	87.70B	152.65B	134.97B
Net Income	28.12B	28.12B	59.38B	31.74B	67.66B	42.67B
Balance Sheet
Total Assets	858.39B	858.39B	787.15B	694.27B	766.44B	778.40B
Cash, Cash Equivalents and Short-Term Investments	61.84B	61.84B	44.60B	59.79B	38.71B	69.77B
Total Debt	184.06B	184.06B	164.72B	130.46B	135.02B	299.10B
Total Liabilities	384.20B	384.20B	339.65B	304.08B	395.48B	469.04B
Stockholders Equity	471.85B	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	-40.19B	-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: 1029.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 1029.6 is below the 20-day moving average (MA) of 1033.96, above the 50-day MA of 1001.86, and above the 200-day MA of 930.36, indicating a neutral trend. The MACD of 14.17 indicates Positive momentum. The RSI at 51.37 is Neutral, neither overbought nor oversold. The STOCH value of 56.29 is Neutral, 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
JINDALSAW	77 Outperform	₹132.03B	7.80	15.23%	0.97%	-7.04%	-7.16%
NMDC	75 Outperform	₹659.30B	10.27	22.03%	4.40%	18.30%	10.95%
GPIL	70 Outperform	₹171.72B	22.87	16.54%	0.39%	-2.12%	-22.09%
SAIL	66 Neutral	₹541.31B	18.57	4.03%	1.22%	-0.58%	3.36%
LLOYDSME	65 Neutral	₹650.62B	43.50	22.65%	0.08%	-5.12%	7.49%
JINDALSTEL	57 Neutral	₹1.05T	35.93	―	0.19%	-5.12%	-47.40%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Jindal Steel & Power Ltd. Corporate Events

Jindal Steel Expands Product Range with New Galvanising Line

Jindal Steel & Power Limited has successfully commissioned its first Continuous Galvanising Line (CGL 1) at the Angul Integrated Steel Complex in Odisha, marking a significant expansion in its coated steel product offerings. This development is expected to enhance the company’s market position by providing high-quality galvanised and galvalume products under the Jindal Panther and ZINKALUME brands, which are suitable for various industrial applications. The company plans to further increase its crude steel capacity at the Angul plant, aiming to become one of the largest single-location steel plants in India by the end of 2025.