Jindal Stainless Limited (JSL) AI Stock Analysis

• Market Cap: ₹608.92B
• Dividend Yield: 0.41%
• Average Volume (3M): 22.60K
• Price to Earnings (P/E): 23.7
• 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: 824,419,600
• 10 Day Avg. Volume: 16,748
• 30 Day Avg. Volume: 22,598
• PEG Ratio: -2.47
• Price to Book (P/B): 2.85
• Price to Sales (P/S): 1.21
• P/FCF Ratio: 16.77
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: ₹816.00 ▲(11.34% Upside)

Jindal Stainless Limited's strong financial performance is the primary driver of its stock score, supported by robust revenue growth and cash flow management. However, technical indicators suggest a neutral to bearish outlook, and the valuation indicates moderate pricing with a low dividend yield, which tempers the overall 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 has multiple revenue streams, including the sale of flat products, long products, and specialty stainless steel products tailored for specific industries. A significant portion of its income comes from large contracts with industrial clients in sectors such as automotive and construction. Additionally, JSL benefits from strategic partnerships with global suppliers and distributors, enhancing its market reach and operational efficiency. Fluctuations in raw material prices, particularly nickel and chromium, can impact profitability, but the company's ability to pass on costs to customers helps maintain its margins. Overall, JSL's diverse product portfolio and established customer base play a critical role in its ongoing revenue generation.

Jindal Stainless Limited Financial Statement Overview

Summary

Jindal Stainless Limited shows strong revenue growth and stable profit margins, indicating effective cost management. The balance sheet is healthy with a moderate debt-to-equity ratio, and cash flow is robust, supporting a positive financial outlook despite some income fluctuations and increased debt.

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	400.90B	393.12B	385.62B	356.97B	327.33B	121.88B
Gross Profit	124.87B	122.65B	117.01B	111.18B	112.99B	43.32B
EBITDA	45.46B	44.67B	44.65B	34.75B	53.11B	14.00B
Net Income	25.71B	25.05B	27.13B	21.14B	30.79B	4.19B
Balance Sheet
Total Assets	0.00	361.58B	308.17B	271.40B	148.62B	107.35B
Cash, Cash Equivalents and Short-Term Investments	22.74B	14.72B	18.71B	9.50B	3.17B	695.00M
Total Debt	0.00	64.02B	60.52B	39.58B	40.07B	32.30B
Total Liabilities	-167.08B	194.50B	164.43B	151.73B	96.35B	75.16B
Stockholders Equity	167.08B	166.88B	143.58B	119.31B	98.23B	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	-9.85B	-1.52B
Financing Cash Flow	0.00	-18.82B	-8.29B	-3.86B	1.01B	-11.19B

Jindal Stainless Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 732.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JSL, the sentiment is Negative. The current price of 732.9 is below the 20-day moving average (MA) of 778.32, below the 50-day MA of 771.44, and above the 200-day MA of 675.56, indicating a neutral trend. The MACD of -7.18 indicates Positive momentum. The RSI at 36.72 is Neutral, neither overbought nor oversold. The STOCH value of 7.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	₹428.39B	7.48	―	4.48%	30.80%	97.08%
NMDC	75 Outperform	₹653.14B	9.30	―	4.45%	20.05%	15.58%
JSL	67 Neutral	₹608.92B	23.66	―	0.41%	6.03%	-1.70%
SHYAMMETL	66 Neutral	₹247.55B	26.69	―	0.52%	18.36%	13.94%
JINDALSAW	64 Neutral	₹109.00B	7.91	―	1.21%	-13.69%	-30.57%
UPL	64 Neutral	₹630.71B	28.66	―	0.80%	8.14%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Jindal Stainless Limited Corporate Events

Jindal Stainless Launches First Fabrication Unit in Mumbai

Jindal Stainless Limited has launched its first stainless steel fabrication unit in Mumbai through its subsidiary, Jindal Stainless Steelway Limited. The facility, developed with an initial investment of approximately ₹125 crore, aims to enhance the company’s position in the infrastructure sector by providing end-to-end fabrication solutions. The unit is expected to reach a fabrication capacity of 18,000 tonnes per annum by FY26-27, significantly increasing from the current capacity. This strategic move not only boosts production capacity but also creates over 250 jobs and supports over 150 families indirectly, while serving as a center for skill development in the industry.

Jindal Stainless Sets Record Date for Debenture Interest Payment

Jindal Stainless Limited has announced the record date for interest payment on its non-convertible debentures, set for September 4, 2025. This move is part of the company’s compliance with SEBI regulations and reflects its ongoing commitment to maintaining transparent financial practices, which may positively impact investor confidence and stakeholder relations.