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Jindal Steel Limited
(JINDALSTEL)
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Rating:54Neutral
Price Target:
₹1,049.00
▼(-17.37% Downside)
Action:Reiterated
Date:05/03/26
The score is primarily held back by weakened cash-flow conversion and negative free cash flow despite manageable leverage. Technicals are moderately supportive with a positive longer-term trend and neutral momentum. Valuation is a key risk due to the very high P/E and low dividend yield.
Positive Factors
Improved Leverage
A materially lower debt-to-equity ratio strengthens solvency and reduces interest burden over time, giving management flexibility to invest or withstand cyclical steel downturns. Improved leverage supports long-term strategic initiatives and reduces refinancing risk despite rising absolute debt.
Negative Factors
Sharp Free Cash Flow Deficit
A large negative free cash flow position weakens the firm's ability to self-fund capex, reduce debt, or return capital. Over multiple periods this raises financing dependence, increases vulnerability to higher rates, and limits strategic optionality despite accounting profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage
A materially lower debt-to-equity ratio strengthens solvency and reduces interest burden over time, giving management flexibility to invest or withstand cyclical steel downturns. Improved leverage supports long-term strategic initiatives and reduces refinancing risk despite rising absolute debt.
Read all positive factors
Jindal Steel Limited (JINDALSTEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.04T
Dividend Yield0.2%
Average Volume (3M)25.00K
Price to Earnings (P/E)30.9
Beta (1Y)1.25
Revenue Growth6.95%
EPS Growth18.97%
CountryIN
Employees5,938
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)27.04
Shares Outstanding1,020,088,100
10 Day Avg. Volume26,145
30 Day Avg. Volume24,999
Financial Highlights & Ratios
PEG Ratio1.77
Price to Book (P/B)2.22
Price to Sales (P/S)2.13
P/FCF Ratio-25.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,316.00Price Target Upside3.66% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)66.61
Revenue Forecast (FY)₹686.11B
Jindal Steel Limited Business Overview & Revenue Model
Company Description
Jindal Steel & Power Limited (JSPL) is a prominent Indian conglomerate with extensive operations spanning the steel, power generation, mining, and infrastructure development sectors, both within India and internationally. The company's core busine...
How the Company Makes Money
JSPL primarily makes money through (1) sales of steel and steel-related products and (2) income from power generation. Its largest revenue stream is typically the steel business, where it produces steel and sells finished and semi-finished product...
Jindal Steel Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
72
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 489.14B | 532.25B | 497.65B | 500.27B | 527.11B | 510.86B |
| Gross Profit | 253.97B | 235.38B | 258.06B | 277.45B | 280.30B | 303.28B |
| EBITDA | 82.32B | 91.01B | 81.82B | 100.96B | 97.27B | 171.47B |
| Net Income | 27.43B | 33.67B | 28.12B | 59.38B | 31.74B | 57.53B |
Balance Sheet | ||||||
| Total Assets | 917.37B | 977.62B | 858.39B | 787.15B | 694.27B | 766.44B |
| Cash, Cash Equivalents and Short-Term Investments | 46.82B | 62.49B | 58.85B | 44.60B | 51.67B | 38.71B |
| Total Debt | 191.56B | 226.10B | 184.06B | 164.72B | 130.46B | 135.02B |
| Total Liabilities | 413.51B | 459.21B | 384.20B | 339.65B | 304.08B | 395.48B |
| Stockholders Equity | 496.19B | 508.99B | 471.85B | 443.16B | 387.07B | 356.25B |
Cash Flow | ||||||
| Free Cash Flow | -15.74B | -43.85B | 2.17B | -25.09B | 8.27B | 131.03B |
| Operating Cash Flow | 33.52B | 51.89B | 108.24B | 60.08B | 72.76B | 160.48B |
| Investing Cash Flow | -46.19B | -108.80B | -123.23B | -83.44B | -40.90B | -23.31B |
| Financing Cash Flow | 3.87B | 49.64B | 8.09B | 13.81B | -25.00B | -151.20B |
Jindal Steel Limited Technical Analysis
Negative
1269.50
Price Trends
1140.11
Negative
1172.22
Negative
1115.45
Negative
Market Momentum
-31.48
Negative
35.15
Neutral
27.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JINDALSTEL, the sentiment is Negative. The current price of 1269.5 is above the 20-day moving average (MA) of 1056.02, above the 50-day MA of 1140.11, and above the 200-day MA of 1115.45, indicating a bearish trend. The MACD of -31.48 indicates Negative momentum. The RSI at 35.15 is Neutral, neither overbought nor oversold. The STOCH value of 27.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JINDALSTEL.
Jindal Steel Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹172.19B | 26.31 | ― | 1.18% | -8.57% | -62.05% | |
66 Neutral | ₹3.03T | 13.53 | ― | 0.26% | 12.22% | 411.48% | |
63 Neutral | ₹606.61B | 19.02 | ― | 0.38% | 9.27% | 27.44% | |
63 Neutral | ₹673.48B | 19.98 | ― | 1.21% | 8.13% | 42.14% | |
58 Neutral | ₹2.32T | 21.44 | ― | 2.11% | 6.22% | 215.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹1.04T | 30.93 | ― | 0.20% | 6.95% | 18.97% |
* General Sector Average
IN:JINDALSTEL
Jindal Steel Limited
1,024.00
65.75
6.86%
IN:JINDALSAW
Jindal Saw Limited
269.25
42.64
18.82%
IN:JSL
Jindal Stainless Limited
735.80
40.66
5.85%
IN:JSWSTEEL
JSW Steel Limited
1,238.35
210.30
20.46%
IN:SAIL
Steel Authority of India Limited
163.05
27.75
20.51%
IN:TATASTEEL
Tata Steel Limited
185.90
26.24
16.44%
Jindal Steel Limited Corporate Events
Jindal Steel to Engage Investors at JP Morgan Asia Credit Conference
May 31, 2026
Jindal Steel Limited has announced that its representatives will participate in the JP Morgan Asia Credit Conference on June 4, 2026, through group and one-on-one meetings held in Hong Kong, Singapore, and virtually. The company notes that this sc...
Jindal Steel Publishes Q4 and FY26 Earnings Call Transcript
May 6, 2026
Jindal Steel Limited has released the official transcript of its Q4 and FY26 earnings conference call held on May 2, 2026, with institutional investors and analysts. The company has submitted the transcript to stock exchanges and made it available...
Jindal Steel publishes FY26 audited results in newspapers and online
May 2, 2026
Jindal Steel Limited has announced that its audited financial results for the fourth quarter and full year ended March 31, 2026, have been published in the Hindi daily Hari Bhoomi and the English daily Financial Express. The company has also made ...
Jindal Steel Clears FY26 Results, Proposes 200% Final Dividend
May 1, 2026
Jindal Steel Limited’s board has approved the audited standalone and consolidated financial results for the fourth quarter and full year ended 31 March 2026, with the statutory auditors issuing an unmodified opinion, underscoring the robustn...
Jindal Steel Clears FY26 Results, Proposes 200% Final Dividend
May 1, 2026
Jindal Steel Limited’s board has approved the audited standalone and consolidated financial results for the fourth quarter and full year ended March 31, 2026, with the statutory auditors issuing an unmodified opinion. This clean audit suppor...
Jindal Steel Schedules Q4 FY26 Earnings Call With Institutional Investors
Apr 28, 2026
Jindal Steel Limited has announced that it will hold a Q4 FY26 earnings conference call on May 2, 2026, at 1:00 p.m. IST, with participation from key members of its senior management, including the CEO, whole-time directors, CFO, and other busines...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.