Jindal Stainless share price
NSE: JSLBSE: 532508Ferrous MetalsMid Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹682.15.
29 Oct: open ₹682.20, high ₹687.85, low ₹678.15
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹56,263 Cr170th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 16.86
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.65
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.59%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 17.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 16.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.33
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 7,68,52165.0% delivered
About Jindal Stainless
Jindal Stainless Limited makes stainless steel products, from slabs, blooms, coils, plates and sheets to precision strips, wire rods, rebars, blade steel and coin blanks.1 It serves railways, automotive, infrastructure, consumer durables, architecture, process industries and oil and gas, from plants in India, Spain and Indonesia.2
SMR, an international market research firm, ranks it among the top 3 stainless steel producers worldwide.3 Its 16 manufacturing and processing facilities include its main plants at Jajpur in Odisha and Hisar in Haryana, and it makes steel mainly from scrap in electric arc furnaces.451 Subsidiaries make lifestyle products, pipes and tubes and long products and offer customised solutions; Iberjindal, its service centre in Spain, serves customers across Europe.6
Founded in 1970, it is part of the O P Jindal Group.78 Ratan Jindal is Chairman and Managing Director, and Abhyuday Jindal is Managing Director.98 Its promoters held 62.6% of its shares at the end of Sep 2026.10
Jindal Stainless key points
Results
- In the quarter to Sep 2026, consolidated revenue was ₹12,874 crore, up 18% on a year earlier; EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹1,433 crore, up 3%, and profit after tax ₹898 crore, up 11%.11
- In the year to Mar 2026, consolidated net revenue rose 9.3% to ₹42,955 crore, EBITDA rose 19.2% to ₹5,560 crore and profit after tax rose 27.4% to ₹3,185 crore.12
- Sales volume was 664k tonnes in the quarter to Sep 2026, up 3%. In the half year to Sep 2026 it was 1,245k tonnes, down 2%, while consolidated revenue was ₹24,152 crore, up 14%.13
- Net debt (loans from banks and financial institutions, less cash and bank balances) was ₹3,121 crore and net debt to equity 0.15 times at the end of Sep 2026, against ₹3,040 crore of net debt at the end of Mar 2026.1415
Sales volume mix
- Share of sales volume by stainless steel series16
Item quarter to Sep 2026 quarter to Sep 2025 200 series (low nickel) 37% 34% 300 series (chromium and nickel) 47% 49% 400 series (ferritic, little or no nickel) 17% 17% - Share of sales volume, domestic and export1718The company exports to more than 50 countries, including Japan, South Korea, Taiwan and Germany.
Item quarter to Sep 2026 quarter to Sep 2025 Domestic 89% 91% Export 11% 9%
Plants and capacity
- Melting capacity in million tonnes a year (MTPA)181920Total melting capacity reached 4.2 MTPA, 3.0 MTPA of it in India, when the Indonesian melt shop was commissioned in the year to Mar 2026.
Item year to Mar 2026 Jajpur 2.2 Hisar 0.8 Indonesia, 49% joint venture 1.2 - Subsidiaries add 3.2 MTPA of hot rolling and 0.2 MTPA of cold rolling at Jajpur, run by Jindal United Steel, and a 0.6 MTPA cold rolling mill at Mundra, Gujarat, run by Chromeni Steels.21
Raw materials
- Scrap made up nearly 70% of total input in the year to Mar 2026.22
- On its earnings call of 4 Aug 2026, the company said almost 90% to 95% of its scrap comes from India and South-East Asia.23
- It holds 49% of a 0.2 MTPA nickel pig iron smelter in Indonesia, which supplies nickel, a main alloying input for stainless steel.1824
- It has a chrome ore supply link with Odisha Mining Corporation and is developing captive mines at Sukinda.24
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that it is commissioning a 1.1 MTPA hot rolled, annealed and pickled (heat-treated and acid-cleaned) line and a 0.17 MTPA cold rolled line at Jajpur, part of a ₹1,900 crore investment.25
- The company stated in its annual report for the year to Mar 2026 that a further ₹900 crore at Hisar and Kharagpur and the Jajpur lines would lift its cold rolled annealed and pickled capacity from 2.05 MTPA to 2.67 MTPA by Mar 2028.26
- The company said it spent ₹2,700 crore on capital expenditure in the year to Mar 2026, and on its earnings call of 4 Aug 2026 that its plan for the year to Mar 2027 is ₹2,400 crore to ₹2,600 crore.2027
- The company stated in its annual report for the year to Mar 2026 that it plans a 4 MTPA coastal plant in Maharashtra, built in phases. On 4 Aug 2026 it said land acquisition was still under way.2827
What the company expects
- On its earnings call of 4 Aug 2026, the company said it remains committed to its target of selling 3.5 million tonnes a year by Mar 2029.29
- On its earnings call of 4 Aug 2026, the company said it hopes the Indonesian melt shop reaches 70% to 80% capacity utilisation in its first year of operation, as its partner's plants usually do.30
Recent events
- On 22 Oct 2026, the board approved a draft scheme merging wholly-owned subsidiaries Chromeni Steels, Rabirun Vinimay, JSL Super Steel and Jindal United Steel into itself. It needs shareholder, creditor and tribunal approval; 1 Apr 2027 is the appointed date (the date it counts from).31
- On 7 Sep 2026, the company announced it had entered into a technical assistance agreement with JFE Steel of Japan on product quality and manufacturing practices for selected ferritic stainless steel grades.32
- On 25 Aug 2026, the company said CARE Ratings had upgraded the credit rating (an agency's view of its ability to repay) on its long-term borrowings and non-convertible debentures to CARE AA+ (Stable) from CARE AA, and reaffirmed CARE A1+ for short-term borrowings.33
- From 1 Jul 2026, PT Glory Metal Indonesia, the Indonesian melt shop joint venture, became an associate (a company it holds a stake in but does not control) instead of a subsidiary; its shareholding and economic rights are unchanged.34
Last updated
All 34 sources, each with its page
- 1. Annual report, 8 Aug 2026, page 215
- 2. Annual report, 8 Aug 2026, page 11
- 3. Annual report, 8 Aug 2026, page 126
- 4. Annual report, 8 Aug 2026, page 36
- 5. Annual report, 8 Aug 2026, page 5
- 6. Annual report, 8 Aug 2026, page 217
- 7. Investor presentation, 22 Oct 2026, page 18
- 8. Annual report, 8 Aug 2026, page 75
- 9. Annual report, 8 Aug 2026, page 97
- 10. Investor presentation, 22 Oct 2026, page 17
- 11. Investor presentation, 22 Oct 2026, page 4
- 12. Annual report, 8 Aug 2026, page 33
- 13. Investor presentation, 22 Oct 2026, page 4
- 14. Investor presentation, 22 Oct 2026, page 4
- 15. Investor presentation, 22 Oct 2026, page 13
- 16. Investor presentation, 22 Oct 2026, page 6
- 17. Investor presentation, 22 Oct 2026, page 6
- 18. Annual report, 8 Aug 2026, page 217
- 19. Annual report, 8 Aug 2026, page 93
- 20. Annual report, 8 Aug 2026, page 34
- 21. Investor presentation, 22 Oct 2026, page 14
- 22. Annual report, 8 Aug 2026, page 215
- 23. Earnings call, 4 Aug 2026, page 13
- 24. Annual report, 8 Aug 2026, page 218
- 25. Annual report, 8 Aug 2026, page 37
- 26. Annual report, 8 Aug 2026, page 37
- 27. Earnings call, 4 Aug 2026, page 9
- 28. Annual report, 8 Aug 2026, page 8
- 29. Earnings call, 4 Aug 2026, page 6
- 30. Earnings call, 4 Aug 2026, page 16
- 31. Exchange filing, 22 Oct 2026, page 1
- 32. Exchange filing, 7 Sep 2026, page 2
- 33. Exchange filing, 25 Aug 2026, page 1
- 34. Exchange filing, 25 Jun 2026, page 6
Results
Consolidated; ₹ crore.Jindal Stainless quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +11.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +20.6%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹12,874 Crup 14.14%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹898 Crup 16.79%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 7.0%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9,907 | 10,198 | 10,207 | 10,893 | 10,518 | 11,337 | 11,279 | 12,874 |
| Net profit | 654 | 590 | 715 | 808 | 828 | 834 | 769 | 898 |
| Net margin | 6.6% | 5.8% | 7.0% | 7.4% | 7.9% | 7.4% | 6.8% | 7.0% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹42,955 Crup 9.27%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹3,185 Crup 27.40%
- Net margin
- 7.4%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2023, the company's revenue for that year, ₹35,697 Cr, differs from its quarters added, ₹27,193 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9,925 | 11,817 | 13,557 | 12,951 | 12,188 | 21,223 | 35,697 | 38,562 | 39,312 | 42,955 |
| Net profit | 82 | 346 | 145 | 73 | 419 | 1,909 | 2,084 | 2,693 | 2,500 | 3,185 |
| Net margin | 0.8% | 2.9% | 1.1% | 0.6% | 3.4% | 9.0% | 5.8% | 7.0% | 6.4% | 7.4% |
Business segments
In the year to Mar 2026 the company reports one business segment, Manufacturing of Stainless Steel and Stainless Steel Products, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2023: days before it are of the company before the change.Jindal Stainless PE ratio and valuation
At or below today's level on 47% of 2,119 trading days since May 2017.
At or below today's level on 56% of 1,950 trading days since Oct 2018.
At or below today's level on 97% of 2,479 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +22.8% | +27.4% | −4.1% | 0.6% |
| 3 years | +35.4% | +14.7% | +17.6% | 0.5% |
| 5 years | +60.6% | +35.1% | +18.5% | 0.5% |
Mutual fund holdings
127 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 75 of the 88 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 127 funds holding Jindal Stainless
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 4
- AddedAdded. Funds that held more shares than at the end of the month before.
- 47
- CutCut. Funds that held fewer shares than at the end of the month before.
- 41
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 33
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 1
| Fund | |||
|---|---|---|---|
| 46,25,002 | 1.67% | ₹345.7 Cr | |
| 34,15,272 | 1.74% | ₹255.3 Cr | |
| 31,06,731 | 2.92% | ₹232.2 Cr | |
| 30,40,352 | 1.18% | ₹227.2 Cr | |
| 25,95,232 | 4.69% | ₹194.0 Cr | |
| 21,22,395 | 2.29% | ₹158.6 Cr | |
| 18,00,000 | 1.13% | ₹134.5 Cr | |
| 14,03,269 | 0.92% | ₹104.9 Cr | |
| 9,62,611 | 0.95% | ₹71.9 Cr | |
| 8,37,282 | 0.20% | ₹62.6 Cr |
Promoter and insider buying and selling
Trades made since 30 Oct 2025.Jindal Stainless insider trading
- Promoters and promoter group20 purchases, 0 sales₹730 Cr1 more with no value filedNo saleNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.₹730 Crof the trades with a value3 pledge filings of unclear kind
- Others: no market trade · 3 pledge filings of unclear kind
Jindal Stainless competitors and peers
Iron & Steel, 15 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Jindal Stainless in market cap.Metal stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 3,07,002 | 10.80 | 2.71 | +14.1% | +371.9% | 29.0% | 14.3% | 0.57% | |
| 2,11,546 | 19.17 | 2.07 | +10.5% | +143.1% | 11.4% | 11.9% | 2.36% | |
| 1,08,129 | 37.88 | 2.06 | +25.5% | +4.1% | 5.6% | 8.3% | 0.19% | |
| 66,501 | 11.87 | 1.06 | +9.4% | +119.2% | 9.3% | 10.6% | 1.46% | |
| 16,139 | 14.29 | 2.19 | +5.9% | +20.8% | 16.5% | 14.6% | 0.44% | |
| 11,406 | 136.32 | 0.87 | +41.6% | – | 0.6% | 2.7% | 0.00% | |
| 9,889 | – | 1.69 | – | – | – | – | 0.00% | |
| 8,171 | 11.39 | 2.51 | +45.2% | +45.7% | 24.5% | 24.4% | 0.30% |
Dividends
Per share, by the year it was paid for, and the latest payments.Jindal Stainless dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 21 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹3.00 |
| 29 Jan 2026 | Interim | ₹1.00 |
| 22 Aug 2025 | Final | ₹2.00 |
| 7 Feb 2025 | Interim | ₹1.00 |
| 30 Aug 2024 | Final | ₹2.00 |
| 27 Oct 2023 | Interim | ₹1.00 |
Latest announcements
Routine notices left out.Jindal Stainless announcements
Oct 2026
28 Oct · Business
22 Oct · Business
22 Oct · Results
16 Oct · Analysts
Jindal Stainless share price by year
Each calendar year to 2025.Jindal Stainless share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 839.25 | +20.0% | 839.25 | 512.60 |
| 2024 | 699.20 | +22.2% | 833.65 | 529.95 |
| 2023 | 572.10 | +139.2% | 572.10 | 234.75 |
| 2022 | 239.15 | +20.7% | 239.15 | 97.60 |
| 2021 | 198.20 | +161.8% | 198.20 | 65.10 |
| 2020 | 75.70 | +95.9% | 80.15 | 23.10 |
| 2019 | 38.65 | +13.0% | 43.10 | 24.50 |
| 2018 | 34.20 | −67.2% | 126.05 | 31.70 |
| 2017 | 104.30 | +177.0% | 123.45 | 38.70 |
| 2016 | 37.65 | +31.0% | 42.70 | 14.25 |
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 705.00 | 705.00 | 678.00 | 682.15 | 689.59 | 9,47,497 | 62.2% |
| 27 Oct 2026 | 690.00 | 711.95 | 683.90 | 709.80 | 704.35 | 3,28,537 | 52.1% |
| 26 Oct 2026 | 688.10 | 691.35 | 667.00 | 688.85 | 679.20 | 4,68,642 | 43.2% |
| 23 Oct 2026 | 701.10 | 712.70 | 678.60 | 687.40 | 688.73 | 9,23,288 | 52.6% |
| 22 Oct 2026 | 723.00 | 726.60 | 702.25 | 709.65 | 714.42 | 3,84,329 | 35.3% |
| 21 Oct 2026 | 735.35 | 737.35 | 712.40 | 733.75 | 725.88 | 4,51,333 | 48.9% |
| 19 Oct 2026 | 740.00 | 747.25 | 728.20 | 734.90 | 738.53 | 8,84,801 | 58.5% |
| 16 Oct 2026 | 723.95 | 739.40 | 717.00 | 736.55 | 735.63 | 4,42,669 | 60.1% |
| 15 Oct 2026 | 713.60 | 730.00 | 709.00 | 724.65 | 722.78 | 4,97,379 | 52.5% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 19 Nov 2015 | Scheme of arrangement | – | A scheme of arrangement is a court-approved plan that merges, splits off or reorganises parts of a company. One took effect here and the price moved by a fifth or more between two trading sessions. What shareholders received is not on record, so earlier prices are not shown. |
Company details
- NSE symbol
- JSL
- BSE code
- 532508
- ISIN
- INE220G01021
- Industry
- Ferrous Metals
- Former symbols
- JSTAINLESS
- Website
- www.jindalstainless.com
- CIN
- L26922HR1980PLC010901
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1980
- Registered office
- O.P. Jindal Marg, Hisar 125005, Haryana
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments