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

• Market Cap: ₹1.10T
• Dividend Yield: 0.2%
• Average Volume (3M): 25.00K
• Price to Earnings (P/E): 39.9
• Beta (1Y): 1.38
• Revenue Growth: -2.21%
• EPS Growth: -46.30%
• Country: IN
• Employees: 5,938
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 6.30
• 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: ₹1,130.00
• Price Target Upside: 11.61% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: ₹979.00 ▼(-3.30% 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 Ltd. (JINDALSTEL) is a leading Indian steel and energy company, primarily engaged in the manufacturing and supply of steel, power generation, and mining operations. Established in 1979, the company operates across various sectors, including steel production, power generation, and infrastructure development. Its core products include steel billets, long products, and value-added products such as rails and wire rods, alongside a significant focus on renewable energy solutions.

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: Negative
• Last Price: 1012.45
• 50DMA: Negative
• 100DMA: Negative
• 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 Negative. The current price of 1012.45 is below the 20-day moving average (MA) of 1035.03, below the 50-day MA of 1040.74, and above the 200-day MA of 966.55, indicating a neutral trend. The MACD of -12.35 indicates Positive momentum. The RSI at 41.77 is Neutral, neither overbought nor oversold. The STOCH value of 38.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	₹653.14B	9.30	―	4.24%	20.05%	15.58%
GPIL	75 Outperform	₹186.62B	24.51	―	0.42%	-0.96%	-11.90%
SAIL	73 Outperform	₹570.43B	22.32	―	1.21%	6.45%	1.13%
JINDALSAW	68 Neutral	₹109.00B	7.91	―	1.25%	-13.69%	-30.57%
LLOYDSME	67 Neutral	₹692.37B	44.94	―	0.08%	22.86%	20.96%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
JINDALSTEL	57 Neutral	₹1.10T	39.92	―	0.20%	-2.21%	-46.30%

Jindal Steel & Power Ltd. Corporate Events

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.

Jindal Steel Limited Appoints New CEO and Reports Financial Results

Jindal Steel Limited announced the appointment of Mr. Gautam Malhotra as the new Chief Executive Officer, effective October 28, 2025. This strategic leadership change is expected to enhance the company’s operational efficiency and market positioning. Additionally, the board approved the unaudited financial results for the second quarter and six months ending September 30, 2025, reflecting the company’s financial performance and compliance with regulatory requirements.

Jindal Steel Limited Schedules Q2FY26 Earnings Conference Call

Jindal Steel Limited has announced an upcoming Earnings Conference Call scheduled for October 29, 2025, to discuss its Q2FY26 results. This meeting will provide insights into the company’s financial performance and strategic direction, potentially impacting investor relations and market positioning.

Jindal Steel & Power Ltd. Announces Postal Ballot Notice

Jindal Steel & Power Ltd. announced the publication of a newspaper advertisement regarding a notice of the postal ballot and e-voting information. This announcement is part of the company’s regulatory compliance and aims to inform stakeholders about the upcoming voting process, reflecting the company’s commitment to transparency and shareholder engagement.

Jindal Steel Initiates Postal Ballot for Remote E-Voting

Jindal Steel Limited has announced the initiation of a postal ballot process, in compliance with regulatory requirements, to facilitate electronic voting for its members. The company has engaged CDSL to provide remote e-voting services, with the voting period set from October 24 to November 22, 2025. The results of the voting will be disclosed by November 25, 2025, and will be made available on the company’s website and other relevant platforms. This move is part of the company’s efforts to ensure transparency and engage its stakeholders effectively.

Jindal Steel Odisha Limited’s Credit Rating Upgraded

Jindal Steel Limited announced that the credit ratings for its unlisted subsidiary, Jindal Steel Odisha Limited, have been upgraded by CARE Ratings Limited and ICRA Limited. The upgrades reflect improved financial stability and operational performance, which could enhance the company’s market positioning and stakeholder confidence.

Jindal Steel Expands Capacity with New 3 MTPA Furnace at Angul

Jindal Steel has commissioned a new 3 MTPA Basic Oxygen Furnace at its Angul plant, increasing its crude steelmaking capacity from 6 MTPA to 9 MTPA. This expansion, synchronized with Blast Furnace 2, enhances the company’s ability to supply Indian-made steel for key sectors such as infrastructure and automotive, marking a significant step towards India’s steel self-reliance.

Jindal Steel Recognized as India’s First Diversified Enterprise Awarding Body by NCVET

Jindal Steel has been recognized as India’s first diversified large enterprise and integrated steel manufacturer to be designated as an Awarding Body by the National Council for Vocational Education and Training (NCVET). This recognition allows the company to design industry-aligned skilling programs, focusing on decarbonization, circular economy, and advanced technologies, thereby strengthening its leadership in vocational education and workforce development across India.