Want to see IN:JSL full AI Analyst Report?
Top Page
Jindal Stainless Limited
(JSL)
Select Model
Select Model
Rating:64Neutral
Price Target:
₹797.00
▲(10.03% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid financial performance—strong revenue scale and improved balance-sheet leverage—tempered by a clear risk signal from volatile cash flows and a sharp latest-period free-cash-flow decline. Technicals are moderately supportive (above 20/50DMA with positive momentum) but still below the 200DMA, and valuation is neutral with a modest P/E and low dividend yield.
Positive Factors
Sustained Revenue Expansion
Multi-year revenue expansion indicates increasing scale and sustained demand for JSL’s stainless steel products. Re-acceleration in 2026 suggests the business retains growth potential across domestic and export end markets.
Negative Factors
Weak Free Cash Flow Conversion
Deteriorating cash conversion raises earnings-quality concerns and may reflect working-capital or spending pressure. If persistent, weaker free cash flow could constrain debt reduction, investment capacity, and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Expansion
Multi-year revenue expansion indicates increasing scale and sustained demand for JSL’s stainless steel products. Re-acceleration in 2026 suggests the business retains growth potential across domestic and export end markets.
Read all positive factors
Jindal Stainless Limited (JSL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹592.30B
Dividend Yield0.43%
Average Volume (3M)22.60K
Price to Earnings (P/E)17.8
Beta (1Y)1.35
Revenue Growth9.82%
EPS Growth26.30%
CountryIN
Employees5,252
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)39.44
Shares Outstanding824,419,600
10 Day Avg. Volume16,748
30 Day Avg. Volume22,598
Financial Highlights & Ratios
PEG Ratio0.67
Price to Book (P/B)2.96
Price to Sales (P/S)1.36
P/FCF Ratio111.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)41.08
Revenue Forecast (FY)₹492.59B
Jindal Stainless Limited Business Overview & Revenue Model
Company Description
Established in 1970 and headquartered in New Delhi, India, Jindal Stainless Limited is a global manufacturer and supplier of stainless steel products. The company's comprehensive portfolio includes ferro alloys, stainless steel slabs, and a range ...
How the Company Makes Money
JSL primarily makes money by selling stainless steel products. Its core revenue stream is the sale of stainless steel flat products (notably coils and sheets/plates) across a mix of end-user industries and geographies (India and exports). Revenue ...
Jindal Stainless Limited Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
76
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 440.26B | 429.55B | 393.12B | 385.62B | 356.97B | 327.33B |
| Gross Profit | 87.26B | 75.06B | 122.65B | 117.01B | 111.18B | 112.99B |
| EBITDA | 58.34B | 58.70B | 44.67B | 44.65B | 34.75B | 53.11B |
| Net Income | 32.49B | 31.93B | 25.05B | 27.13B | 21.14B | 30.79B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 407.04B | 361.58B | 308.17B | 271.40B | 148.62B |
| Cash, Cash Equivalents and Short-Term Investments | 29.35B | 29.35B | 14.72B | 18.71B | 9.50B | 3.17B |
| Total Debt | 0.00 | 74.60B | 64.02B | 60.52B | 39.58B | 40.07B |
| Total Liabilities | -198.82B | 208.21B | 194.50B | 164.43B | 151.73B | 96.35B |
| Stockholders Equity | 198.82B | 197.91B | 166.88B | 143.58B | 119.31B | 98.23B |
Cash Flow | ||||||
| Free Cash Flow | 4.54B | 5.24B | 28.33B | 33.43B | 14.40B | 3.18B |
| Operating Cash Flow | 21.83B | 31.82B | 47.18B | 48.18B | 30.96B | 10.83B |
| Investing Cash Flow | -18.43B | -37.71B | -34.39B | -33.40B | -24.82B | -9.85B |
| Financing Cash Flow | -3.56B | 3.66B | -18.82B | -8.29B | -3.86B | 1.01B |
Jindal Stainless Limited Technical Analysis
Negative
724.35
Price Trends
714.83
Negative
725.18
Negative
746.62
Negative
Market Momentum
>-0.01
Positive
38.71
Neutral
8.23
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 724.35 is below the 20-day moving average (MA) of 727.80, above the 50-day MA of 714.83, and below the 200-day MA of 746.62, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.71 is Neutral, neither overbought nor oversold. The STOCH value of 8.23 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹81.86B | 11.53 | ― | 1.75% | -12.21% | -16.07% | |
76 Outperform | ₹594.88B | 48.33 | ― | 0.31% | 9.64% | 53.34% | |
64 Neutral | ₹592.30B | 17.78 | ― | 0.41% | 9.82% | 26.30% | |
63 Neutral | ₹160.22B | 38.12 | ― | 0.59% | -16.30% | -24.14% | |
61 Neutral | ₹3.17T | 12.74 | ― | 0.57% | 12.22% | 411.48% | |
61 Neutral | ₹2.29T | 20.65 | ― | 2.11% | 10.51% | 143.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:JSL
Jindal Stainless Limited
701.25
-72.00
-9.31%
IN:APLAPOLLO
APL Apollo Tubes Limited
2,138.50
490.00
29.72%
IN:JSWSTEEL
JSW Steel Limited
1,291.80
243.87
23.27%
IN:MAHSEAMLES
Maharashtra Seamless Limited
634.00
-33.95
-5.08%
IN:RATNAMANI
Ratnamani Metals & Tubes Ltd.
2,353.50
-42.00
-1.75%
IN:TATASTEEL
Tata Steel Limited
182.60
27.25
17.54%
Jindal Stainless Limited Corporate Events
Jindal Stainless Wins Top Honours for Digital HR Transformation at Infini-T Awards 2026
Aug 19, 2026
Jindal Stainless has secured two honours at the People Matters Infini-T Awards 2026, earning the Gold Award in HR Operations and the Silver Award in Digital Adoption Change Leadership. The recognition highlights the company’s success in bui...
Jindal Stainless Files FY 2025-26 Sustainability Report with Stock Exchanges
Aug 8, 2026
Jindal Stainless Limited has submitted its Business Responsibility and Sustainability Report for the financial year 2025-26 to the Bombay Stock Exchange and the National Stock Exchange. The filing complies with Securities and Exchange Board of Ind...
Jindal Stainless Board Clears Q1 FY27 Unaudited Results
Aug 3, 2026
Jindal Stainless Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, at a meeting held on August 3, 2026. The company stated that these quarterly results, reviewed by ...
Jindal Stainless Secures SEBI Compliance for Share Dematerialisation Quarter
Jul 28, 2026
Jindal Stainless Limited has submitted a compliance certificate to the National Stock Exchange of India and BSE, confirming adherence to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, ...
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.