Jindal Stainless Limited (JSL) AI Stock Analysis

• Market Cap: ₹650.08B
• Dividend Yield: 0.38%
• Average Volume (3M): 39.34K
• Price to Earnings (P/E): 25.2
• Beta (1Y): 1.28
• Revenue Growth: 6.03%
• EPS Growth: -1.70%
• Country: IN
• Employees: 5,252
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 8.70
• Shares Outstanding: 823,769,600
• 10 Day Avg. Volume: 25,901
• 30 Day Avg. Volume: 39,345
• PEG Ratio: -2.47
• Price to Book (P/B): 2.84
• Price to Sales (P/S): 1.21
• P/FCF Ratio: 16.76
• 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: ₹803.00
• Price Target Upside: 1.76% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 75 Outperform
• Price Target: ₹803.00 ▲(1.76% Upside)

Jindal Stainless Limited's strong financial performance, characterized by robust revenue growth and stable margins, is the primary driver of its stock score. The technical indicators support a positive trend, although valuation metrics suggest the stock is fairly valued with limited dividend income potential. The absence of earnings call and corporate events data means these factors do not influence the score.

Jindal Stainless Limited Business Overview & Revenue Model

Company Description

Jindal Stainless Limited manufactures and sells stainless steel products in India and internationally. The company provides ferro alloys, stainless steel slabs, hot rolled coils, plates and sheets, and cold rolled coils and sheets. Its products are used in automobile, railway and transport, architecture, building and construction, chemical and petrochemical, capital goods, consumer durables, nuclear, precision strip and blade steel, coin blanks, plumbing, and process markets. The company was founded in 1970 and is based in New Delhi, India.

How the Company Makes Money

Jindal Stainless Limited generates revenue primarily through the manufacturing and sale of stainless steel products. The company's revenue streams include the sale of hot and cold rolled stainless steel products to a diverse range of industries, both domestically and internationally. JSL benefits from its integrated production facilities, which allow it to maintain cost efficiencies and competitive pricing. Additionally, the company engages in strategic partnerships and collaborations to expand its market reach and product offerings. Factors such as fluctuating raw material prices, foreign exchange rates, and global demand for stainless steel significantly impact its earnings.

Jindal Stainless Limited Financial Statement Overview

Summary

Jindal Stainless Limited shows strong revenue growth and stable profit margins, indicating effective cost management and operational efficiency. The balance sheet is healthy with a moderate debt-to-equity ratio, although increased debt levels warrant attention. Cash flow is robust, with strong operating cash flow and positive free cash flow growth.

Income Statement

Jindal Stainless Limited demonstrates strong revenue growth over recent years, with a notable increase in total revenue from 2020 to 2025. The gross profit margin and net profit margin have been stable, indicating effective cost management. The EBIT and EBITDA margins reflect strong operational efficiency and profitability. However, slight fluctuations in net income suggest moderate volatility in profitability.

Balance Sheet

The company's balance sheet shows a healthy equity base with a consistent increase in stockholders' equity over the years. The debt-to-equity ratio is moderate, reflecting a balanced approach to leveraging. The equity ratio underscores financial stability, although the total debt has increased, warranting attention to potential leverage risks.

Cash Flow

Jindal Stainless Limited maintains strong operating cash flow, consistently outpacing net income, which indicates robust cash generation capabilities. The free cash flow growth has been positive, enhancing financial flexibility. The cash flow ratios indicate efficient conversion of income into cash, albeit with some variability in annual free cash flow figures.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	393.12B	393.12B	384.14B	356.97B	211.19B	121.31B
Gross Profit	78.28B	105.11B	90.24B	95.65B	56.02B	35.92B
EBITDA	48.62B	49.07B	49.73B	37.12B	51.61B	15.68B
Net Income	25.05B	25.05B	27.13B	21.14B	18.81B	4.19B
Balance Sheet
Total Assets	361.58B	361.58B	308.17B	271.40B	148.62B	107.35B
Cash, Cash Equivalents and Short-Term Investments	25.45B	25.45B	18.71B	17.19B	2.83B	695.00M
Total Debt	64.02B	64.02B	60.52B	39.58B	31.96B	32.30B
Total Liabilities	194.50B	194.50B	164.43B	151.73B	96.35B	75.16B
Stockholders Equity	166.88B	166.88B	143.58B	119.31B	51.86B	32.05B
Cash Flow
Free Cash Flow	0.00	28.33B	33.43B	14.40B	3.18B	11.40B
Operating Cash Flow	0.00	47.18B	48.18B	30.96B	10.83B	13.08B
Investing Cash Flow	0.00	-34.39B	-33.40B	-24.82B	-7.83B	-1.52B
Financing Cash Flow	0.00	-18.82B	-8.29B	-3.86B	-1.63B	-11.19B

Jindal Stainless Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 789.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JSL, the sentiment is Positive. The current price of 789.15 is above the 20-day moving average (MA) of 767.09, above the 50-day MA of 737.61, and above the 200-day MA of 665.33, indicating a bullish trend. The MACD of 13.41 indicates Negative momentum. The RSI at 59.31 is Neutral, neither overbought nor oversold. The STOCH value of 70.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:JSL.

Jindal Stainless Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NATIONALUM	81 Outperform	₹368.24B	6.43	29.59%	5.24%	38.31%	155.40%
JINDALSAW	77 Outperform	₹132.03B	7.64	15.23%	0.97%	-7.04%	-7.16%
JSL	75 Outperform	₹650.08B	25.20	―	0.38%	6.03%	-1.70%
NMDC	75 Outperform	₹659.30B	10.08	22.03%	4.40%	18.30%	10.95%
SHYAMMETL	65 Neutral	₹252.94B	27.27	8.60%	0.50%	18.34%	-20.59%
UPL	64 Neutral	₹546.34B	46.65	2.79%	0.93%	8.30%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Jindal Stainless Limited Corporate Events

Jindal Stainless Commissions Odisha’s Largest Captive Solar Plant

Jindal Stainless Limited, in collaboration with AB Energia Solutions Pvt. Ltd., has commissioned Odisha’s largest captive industrial solar plant at its Jajpur manufacturing unit. This solar plant, with a capacity of over 30 MWp, is a significant step towards reducing the facility’s reliance on conventional grid electricity and cutting CO2 emissions by 32,208 metric tonnes annually. The project features innovative installations, including a floating solar plant and a rooftop solar system, which together generate approximately 44.3 million units of green energy annually. This initiative aligns with Jindal Stainless’ commitment to achieving Net Zero goals and positions the company as a leader in integrating renewable energy solutions in the stainless steel manufacturing sector.