Jindal Stainless Limited (IN:JSL)
:JSL
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Jindal Stainless Limited
(JSL)
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Rating:71Outperform
Price Target:
₹802.00
▼(-6.28% Downside)
Action:UpgradedDate:01/28/26
The score is primarily driven by strong financial performance (growth, stable profitability, and solid cash generation). This is tempered by mixed technical momentum (negative MACD despite price above moving averages) and a valuation/income profile that is only moderate (P/E ~20.9 and low dividend yield).
Positive Factors
Revenue & Margin Stability
Consistent top-line growth alongside stable gross and net margins indicates durable demand across end markets and disciplined cost management. Over 2-6 months this underpins predictable EBITDA generation, supports reinvestment in capacity and value-added products, and reduces vulnerability to short term price swings.
Negative Factors
Rising Debt Levels
An increase in total debt raises leverage risk and could constrain financial flexibility if earnings weaken. In a cyclical industry like steel, higher debt magnifies interest and refinancing exposure, limiting ability to pursue opportunistic investments or absorb prolonged margin compression.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Stability
Consistent top-line growth alongside stable gross and net margins indicates durable demand across end markets and disciplined cost management. Over 2-6 months this underpins predictable EBITDA generation, supports reinvestment in capacity and value-added products, and reduces vulnerability to short term price swings.
Read all positive factors
Jindal Stainless Limited (JSL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹635.59B
Dividend Yield0.38%
Average Volume (3M)22.60K
Price to Earnings (P/E)20.9
Beta (1Y)1.30
Revenue Growth8.42%
EPS Growth21.74%
CountryIN
Employees5,252
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)10.20
Shares Outstanding824,419,600
10 Day Avg. Volume16,748
30 Day Avg. Volume22,598
Financial Highlights & Ratios
PEG Ratio-2.47
Price to Book (P/B)2.85
Price to Sales (P/S)1.21
P/FCF Ratio16.77
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)46.36
Revenue Forecast (FY)₹492.09B
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 manufacturing and selling stainless-steel products. Its revenue is largely generated from (1) sales of stainless-steel flat products (e.g., hot-rolled and cold-rolled coils/sheets, plates, and other processed/value-add...
Jindal Stainless Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 412.06B | 393.12B | 385.62B | 356.97B | 327.33B | 121.88B |
| Gross Profit | 136.03B | 122.65B | 117.01B | 111.18B | 112.99B | 43.32B |
| EBITDA | 48.45B | 44.67B | 44.65B | 34.75B | 53.11B | 14.00B |
| Net Income | 27.67B | 25.05B | 27.13B | 21.14B | 30.79B | 4.19B |
Balance Sheet | ||||||
| Total Assets | 390.78B | 361.58B | 308.17B | 271.40B | 148.62B | 107.35B |
| Cash, Cash Equivalents and Short-Term Investments | 28.17B | 14.72B | 18.71B | 9.50B | 3.17B | 695.00M |
| Total Debt | 68.62B | 64.02B | 60.52B | 39.58B | 40.07B | 32.30B |
| Total Liabilities | 209.72B | 194.50B | 164.43B | 151.73B | 96.35B | 75.16B |
| Stockholders Equity | 180.79B | 166.88B | 143.58B | 119.31B | 98.23B | 32.05B |
Cash Flow | ||||||
| Free Cash Flow | 4.54B | 28.33B | 33.43B | 14.40B | 3.18B | 11.40B |
| Operating Cash Flow | 21.83B | 47.18B | 48.18B | 30.96B | 10.83B | 13.08B |
| Investing Cash Flow | -18.43B | -34.39B | -33.40B | -24.82B | -9.85B | -1.52B |
| Financing Cash Flow | -3.56B | -18.82B | -8.29B | -3.86B | 1.01B | -11.19B |
Jindal Stainless Limited Technical Analysis
Positive
855.75
Price Trends
755.10
Positive
771.88
Positive
754.98
Positive
Market Momentum
9.46
Negative
61.04
Neutral
93.49
Negative
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 855.75 is above the 20-day moving average (MA) of 736.95, above the 50-day MA of 755.10, and above the 200-day MA of 754.98, indicating a bullish trend. The MACD of 9.46 indicates Negative momentum. The RSI at 61.04 is Neutral, neither overbought nor oversold. The STOCH value of 93.49 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹635.59B | 20.86 | ― | 0.38% | 8.42% | 21.74% | |
69 Neutral | ₹2.67T | 20.88 | ― | 2.11% | 1.84% | 235.71% | |
68 Neutral | ₹552.22B | 42.84 | ― | 0.31% | 8.79% | 79.95% | |
68 Neutral | ₹86.67B | 7.74 | ― | 1.82% | -5.01% | 11.50% | |
68 Neutral | ₹188.81B | 37.97 | ― | 0.60% | 3.17% | 10.59% | |
66 Neutral | ₹3.14T | 33.24 | ― | 0.26% | 5.19% | 125.36% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
IN:JSL
Jindal Stainless Limited
774.20
209.86
37.19%
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IN:JSWSTEEL
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1,281.80
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IN:MAHSEAMLES
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649.20
-17.64
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IN:TATASTEEL
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55.57%
Jindal Stainless Limited Corporate Events
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...
Jindal Stainless Publishes Audio Recording of Q3 & 9M FY26 Earnings Call
Jan 22, 2026
Jindal Stainless Limited has notified the stock exchanges that the audio recording of its Q3 and nine-month FY26 earnings call, held with investors and analysts on January 22, 2026, is now available on the company’s website. By making the ca...
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.