Jindal Stainless Limited (IN:JSL)
:JSL
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Jindal Stainless Limited
(JSL)
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Rating:63Neutral
Price Target:
₹830.00
▼(-3.01% Downside)
Action:Downgraded
Date:05/06/26
The score is driven primarily by solid financial performance supported by revenue scale and an improved balance sheet, but it is meaningfully tempered by weak and volatile free cash flow in the latest period. Technicals add modest support with price above key moving averages and positive MACD, while valuation is only average with a mid-range P/E and very low dividend yield.
Positive Factors
Multi-year Revenue Growth
Multi-year revenue expansion with re-acceleration in 2026 demonstrates durable demand for JSL's stainless products. Sustained top-line growth improves fixed-cost absorption and supports long-term earnings power, enabling reinvestment in capacity and product development across cycles.
Negative Factors
Volatile Free Cash Flow
Highly inconsistent free cash flow and weakened cash conversion in 2026 undermine the company's ability to fund capex, reduce debt, or return capital reliably. Persistent FCF volatility signals working-capital stress and reduces financial predictability across multi-quarter horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year Revenue Growth
Multi-year revenue expansion with re-acceleration in 2026 demonstrates durable demand for JSL's stainless products. Sustained top-line growth improves fixed-cost absorption and supports long-term earnings power, enabling reinvestment in capacity and product development across cycles.
Read all positive factors
Jindal Stainless Limited (JSL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹607.64B
Dividend Yield0.38%
Average Volume (3M)22.60K
Price to Earnings (P/E)18.3
Beta (1Y)1.25
Revenue Growth9.27%
EPS Growth27.44%
CountryIN
Employees5,252
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)33.60
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)41.56
Revenue Forecast (FY)₹489.07B
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 ar...
How the Company Makes Money
JSL primarily makes money by producing stainless steel and selling it to customers as finished and semi-finished products, with revenue largely tied to shipment volumes, product mix, and prevailing stainless steel/raw material price cycles. Key re...
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 | 412.06B | 429.55B | 393.12B | 385.62B | 356.97B | 327.33B |
| Gross Profit | 136.03B | 75.06B | 122.65B | 117.01B | 111.18B | 112.99B |
| EBITDA | 48.45B | 55.60B | 44.67B | 44.65B | 34.75B | 53.11B |
| Net Income | 27.67B | 31.93B | 25.05B | 27.13B | 21.14B | 30.79B |
Balance Sheet | ||||||
| Total Assets | 390.78B | 407.04B | 361.58B | 308.17B | 271.40B | 148.62B |
| Cash, Cash Equivalents and Short-Term Investments | 28.17B | 29.35B | 14.72B | 18.71B | 9.50B | 3.17B |
| Total Debt | 68.62B | 74.60B | 64.02B | 60.52B | 39.58B | 40.07B |
| Total Liabilities | 209.72B | 208.21B | 194.50B | 164.43B | 151.73B | 96.35B |
| Stockholders Equity | 180.79B | 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
855.75
Price Trends
747.51
Negative
771.00
Negative
763.24
Negative
Market Momentum
-4.80
Positive
42.92
Neutral
36.41
Neutral
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 855.75 is above the 20-day moving average (MA) of 761.92, above the 50-day MA of 747.51, and above the 200-day MA of 763.24, indicating a bearish trend. The MACD of -4.80 indicates Positive momentum. The RSI at 42.92 is Neutral, neither overbought nor oversold. The STOCH value of 36.41 is Neutral, 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹85.84B | 7.74 | ― | 1.82% | -5.01% | 11.50% | |
66 Neutral | ₹3.14T | 12.28 | ― | 0.26% | 9.86% | 536.23% | |
65 Neutral | ₹515.42B | 44.69 | ― | 0.31% | 8.56% | 58.85% | |
65 Neutral | ₹179.37B | 31.98 | ― | 0.60% | -13.35% | -11.28% | |
64 Neutral | ₹2.58T | 22.17 | ― | 2.11% | 6.22% | ― | |
63 Neutral | ₹607.64B | 18.34 | ― | 0.38% | 9.27% | 27.44% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
IN:JSL
Jindal Stainless Limited
737.05
95.65
14.91%
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31.11%
Jindal Stainless Limited Corporate Events
Jindal Stainless Clears FY26 Accounts, Proposes Higher Dividend Payout
May 4, 2026
Jindal Stainless Limited’s board has approved the audited standalone and consolidated financial results for the year ended March 31, 2026, following review by the audit committee and issuance of unmodified opinions by its joint statutory aud...
Jindal Stainless pivots to consumers with Ranveer Singh-led authenticity campaign
Apr 23, 2026
Jindal Stainless has launched its first consumer-facing brand campaign, “Jindal Saathi Seal Hai, Toh Asli Stainless Steel Hai,” led by Bollywood actor Ranveer Singh and built around a musical anthem by Amit Trivedi. The initiative high...
Jindal Stainless Taps Ranveer Singh as First Brand Ambassador to Boost Consumer Connect
Apr 7, 2026
Jindal Stainless has named Bollywood star Ranveer Singh as its first-ever brand ambassador, taking a strategic step to shift closer to end consumers and enhance its public-facing identity. The company plans nationwide campaigns across television, ...
Jindal Stainless Completes Investment in 282 MW Hybrid Renewable Energy SPV
Apr 3, 2026
Jindal Stainless Limited has completed its committed investment of ₹132 crore in Oyster Green Hybrid One Private Limited, a special purpose vehicle formed with related-party Oyster Renewable Energy to develop a 282 MW inter-state wind-solar ...
Jindal Stainless to Close Trading Window Ahead of FY26 Results
Mar 25, 2026
Jindal Stainless Limited has announced that its trading window for dealing in the company’s securities will be closed from April 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and the company’s own code o...
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.