High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Balance Sheet: Strong Balance Sheet.
Size: It is among the top 200 market size companies of india.
Technicals: Bullish SharesGuru indicator.
Smart Money: Smart money has been increasing their position in the stock.
Past Returns: Outperforming stock! In past three years, the stock has provided 35.4% return compared to 9.3% by NIFTY 50.
Dilution: Company has a tendency to dilute it's stock investors.
Momentum: Stock is suffering a negative price momentum. Stock is down -8.5% in last 30 days.
Valuation | |
|---|---|
| Market Cap | 59.18 kCr |
| Price/Earnings (Trailing) | 20.1 |
| Price/Sales (Trailing) | 1.4 |
| EV/EBITDA | 11.98 |
| Price/Free Cashflow | 23.61 |
| MarketCap/EBT | 15.34 |
| Enterprise Value | 65.28 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 42.17 kCr |
| Rev. Growth (Yr) | 6.1% |
| Earnings (TTM) | 2.94 kCr |
| Earnings Growth (Yr) | 26.5% |
Profitability | |
|---|---|
| Operating Margin | 9% |
| EBT Margin | 9% |
| Return on Equity | 16.24% |
| Return on Assets | 7.52% |
| Free Cashflow Yield | 4.24% |
Growth & Returns | |
|---|---|
| Price Change 1W | -0.90% |
| Price Change 1M | -8.5% |
| Price Change 6M | -8.9% |
| Price Change 1Y | 21.7% |
| 3Y Cumulative Return | 35.4% |
| 5Y Cumulative Return | 59.4% |
| 7Y Cumulative Return | 50.3% |
| 10Y Cumulative Return | 44.8% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -3.44 kCr |
| Cash Flow from Operations (TTM) | 4.72 kCr |
| Cash Flow from Financing (TTM) | -1.88 kCr |
| Cash & Equivalents | 623.67 Cr |
| Free Cash Flow (TTM) | 2.83 kCr |
| Free Cash Flow/Share (TTM) | 34.39 |
Balance Sheet | |
|---|---|
| Total Assets | 39.08 kCr |
| Total Liabilities | 20.97 kCr |
| Shareholder Equity | 18.11 kCr |
| Current Assets | 17.22 kCr |
| Current Liabilities | 15.07 kCr |
| Net PPE | 12.33 kCr |
| Inventory | 10.08 kCr |
| Goodwill | 1.28 kCr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.17 |
| Debt/Equity | 0.37 |
| Interest Coverage | 5.78 |
| Interest/Cashflow Ops | 8.7 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 3 |
| Dividend Yield | 0.42% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 56.9% |
Balance Sheet: Strong Balance Sheet.
Size: It is among the top 200 market size companies of india.
Technicals: Bullish SharesGuru indicator.
Smart Money: Smart money has been increasing their position in the stock.
Past Returns: Outperforming stock! In past three years, the stock has provided 35.4% return compared to 9.3% by NIFTY 50.
Dilution: Company has a tendency to dilute it's stock investors.
Momentum: Stock is suffering a negative price momentum. Stock is down -8.5% in last 30 days.
Investor Care | |
|---|---|
| Dividend Yield | 0.42% |
| Dividend/Share (TTM) | 3 |
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 35.71 |
Financial Health | |
|---|---|
| Current Ratio | 1.14 |
| Debt/Equity | 0.37 |
Technical Indicators | |
|---|---|
| RSI (14d) | 49.16 |
| RSI (5d) | 68.33 |
| RSI (21d) | 37.83 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Summary of Jindal Stainless's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management's outlook for Jindal Stainless Limited (JSL) is optimistic, as indicated by strong performance metrics and strategic initiatives. Key highlights from the earnings call on January 22, 2026, include:
Sales Volume Growth: Q3 FY26 sales volume grew by 11% year-on-year and remained stable quarter-on-quarter at 0.65 million tonnes.
Sector Performance: Consistent domestic demand from sectors like automotive, ornamental pipe and tube, and railways bolstered sales. Newly launched initiatives like "JSL Saathi Pragati" aim to empower fabricators and enhance product verification.
Financial Performance: Consolidated EBITDA increased by 17% year-on-year to Rs. 1,408 crores, while consolidated PAT rose by 27% year-on-year to Rs. 828 crores.
Renewable Utilization: JSL's renewable power utilization increased to 56% of total power in Q3 FY26, aligning with sustainability goals.
Market Adaptation: With subdued export demand due to geopolitical uncertainties, management plans to maintain a focus on the domestic market, leveraging competitive pricing and a robust distribution network.
Looking forward, management has set guidance for FY26 with EBITDA per ton expected between Rs. 19,000 to Rs. 21,000, having achieved an average of Rs. 21,300 over the first nine months.
Management anticipates stable demand and has emphasized ongoing discussions with the government regarding import protections and quality controls, particularly in response to subsidized imports. Overall, with sustained demand and operational improvements, JSL remains optimistic about achieving its planned growth trajectory.
Question 1: Mr. Amit Dixit from GS asked, "What update can you provide regarding the government's stance on protection against unfairly priced imports?"
Answer: Thank you, Amit. We're working closely with the government on this. Despite ongoing concerns, we believe our anti-dumping duty investigation will yield positive results soon. We also stress the need for stringent QCO to prevent further import surges, especially after recent relaxations, and foster quality-focused investments in our industry.
Question 2: Mr. Amit Dixit from GS continued, "What impact do rising raw material prices have on finished steel prices and profitability guidance for Q4?"
Answer: Indeed, the raw material prices, especially nickel, are crucial. While Q3 saw some price drops, recent increases suggest stainless steel prices will rise accordingly. Our profitability guidance remains between Rs. 19,000 and 21,000 per metric ton, and we expect to meet this as we close the year.
Question 3: Mr. Alok Deora from Motilal Oswal inquired, "What's the reason for the drop in export volume contribution?"
Answer: The decline in exports is primarily due to geopolitical uncertainties affecting our customers' decision-making. Although we are ready to supply, our customers face challenges in booking orders, leading us to focus more on the domestic market where demand has been robust.
Question 4: Another question from Alok Deora asked, "Any changes in the mix between HR and CR?"
Answer: Yes, our CR output has improved, rising to 70% of sales from about 60% previously. This shift has been facilitated by investments in our downstream capabilities, further optimizing our production mix.
Question 5: Mr. Parthiv from Anand Rathi queried, "What are your expectations regarding stainless steel prices and realizations for FY26 and FY27?"
Answer: Prices are tied to raw material fluctuations. With nickel costs higher, we expect improved average realizations compared to Q3. Our goal is to align prices accordingly based on ongoing market trends.
Question 6: Mr. Vikas Singh from ICICI Securities asked, "What is your outlook for net debt and CapEx?"
Answer: As of Q3, our net debt is Rs. 3,451 crores. We anticipate maintaining or potentially reducing this by fiscal end. For CapEx, we're on track to spend Rs. 2,700 crores this fiscal year, which is progressing well.
Question 7: Mr. Rajesh Majumdar from 360 ONE Capital raised, "What is the profitability outlook for the NPI venture given fluctuating nickel prices?"
Answer: The NPI venture's profitability is tied to nickel pricing, and we see potential EBITDA margins between $500 and $1,500 per ton. We achieved around $900 in Q3, and if prices sustain upward, we expect to approach the higher end of our guidance.
Question 8: Lastly, Mr. Ritwik Sheth from One Up Financial Consultants asked, "Can you provide timelines regarding downstream expansions?"
Answer: We're currently planning downstream expansions and expect to announce more details in the next quarter. Our ongoing projects are on track, targeting operations to start in Q4 FY27, which will significantly enhance our production capabilities.
Understand Jindal Stainless ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| JSL OVERSEAS HOLDING LTD | 16.31% |
| JSL OVERSEAS LTD | 12.28% |
| ELM PAPARK FUND LIMITED | 4.59% |
| Sun Investments Pvt Ltd | 3.33% |
| ALBULA INVESTMENT FUND LTD | 2.59% |
| Jindal Equipment Leasing And Consultancy Services Limited | 2.05% |
| Jindal Strips Limited | 1.9% |
| Naveen Jindal | 1.78% |
| Vrindavan Services Private Limited | 1.77% |
| Hexa Securities And Finance Co Ltd | 1.76% |
| Jsl Limited | 1.69% |
| Mansarover Tradex Limited | 1.36% |
| ICICI Prudential Midcap Fund | 1.17% |
| Arti Jindal | 1.1% |
| Siddeshwari Tradex Private Limited | 0.99% |
| Gagan Trading Company Pvt Limited | 0.88% |
| Colorado Trading Co Pvt Ltd | 0.74% |
| Nalwa Investments Limited | 0.61% |
| Jindal Infrastructure And Utilities Limited | 0.56% |
| Stainless Investments Limited | 0.52% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Jindal Stainless against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | JSW Steel | 2.79 LCr | 1.8 LCr | -11.20% | +8.00% | 37.38 | 1.55 | - | - |
| TATASTEEL | TATA STEEL | 2.42 LCr | 2.27 LCr | -9.60% | +25.50% | 26.38 | 1.07 | - | - |
| SAIL | Steel Authority of India | 64.09 kCr | 1.1 LCr | -8.60% | +30.70% | 22.99 | 0.58 | - | - |
| RATNAMANI | Ratnamani Metals & Tubes | 15.81 kCr | 5.22 kCr | -10.40% | -13.90% | 27.2 | 3.03 | - | - |
| SUNFLAG | Sunflag Iron & Steel Co. | 3.86 kCr | 3.84 kCr | -21.10% | -13.00% | 18.28 | 1.01 | - | - |
Comprehensive comparison against sector averages
JSL metrics compared to Ferrous
| Category | JSL | Ferrous |
|---|---|---|
| PE | 20.10 | 31.58 |
| PS | 1.40 | 1.24 |
| Growth | 8.6 % | 5.2 % |
Jindal Stainless is an Iron & Steel company, identified by its stock ticker JSL. With a market capitalization of Rs. 46,106.4 Crores, it operates both domestically in India and on an international scale.
The primary focus of Jindal Stainless Limited is the manufacture and sale of stainless-steel flat products. Their diverse product offerings include:
These products find applications across various sectors, such as architecture, building and construction, automotive and transport, railway, consumer durable goods, and the process industry.
Founded in 1970 and headquartered in New Delhi, India, Jindal Stainless has demonstrated impressive financial performance. The company reported a trailing 12-month revenue of Rs. 38,819.8 Crores.
In terms of investor relations, Jindal Stainless distributes dividends with a yield of 0.54% per year, returning Rs. 3 dividend per share over the last 12 months. However, investors should note that the company has a history of diluting shareholdings, with a reported reduction of 63.4% in the past three years. Despite this, Jindal Stainless has achieved notable revenue growth of 107.7% during the same period.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
JSL vs Ferrous (2021 - 2026)