JINDALSTEL

JINDAL STEEL LIMITED

Integrated steelmaker from iron ore to finished steel, with captive thermal and hydro power

Commodities›Metals & Mining›Ferrous Metals›Iron & Steel

jindalsteel.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1045.20
Market cap
1,06,383 Cr
Stock P/E
39.1
P/B
2.09
Dividend yield
0.2%
ROE (FY26)
6.5%
ROCE (FY26)
8.0%
Operating margin (FY26)
12.2%
Debt / equity (FY26)
0.43
OCF / EBITDA (FY26)
74.6%
OCF / EBITDA (3Y)
81.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Jindal Steel makes steel in India, selling rails, structural sections, plates, rounds, hot-rolled coil and TMT bars, with iron ore and coal supplied partly from its own mines.

Company snapshot

3rdBy market cap

Ranked among 13 companies in Iron & Steel.

Segment mix

Reportable segments as of 2022-03-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 96.7% of revenue

SegmentRevenue shareRevenuePBTAssets
ASSETS HELD FOR SALE—0 Cr0 Cr—
IRON & STEEL
96.7%
49,383 Cr12,275 Cr—
Liabilities classified held for sale—0 Cr0 Cr—
OTHERS
2.5%
1,286 Cr274 Cr—
POWER
8.2%
4,185 Cr1,211 Cr—

Shares add up to 107% because segment revenues are before inter-segment eliminations.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales12,250 Cr11,701 Cr13,487 Cr13,618 Cr11,213 Cr11,751 Cr13,183 Cr12,294 Cr11,686 Cr13,027 Cr16,218 Cr15,482 Cr
Operating expenses (approx.)9,964 Cr8,859 Cr11,042 Cr10,779 Cr9,013 Cr9,567 Cr10,912 Cr9,289 Cr9,605 Cr11,393 Cr13,279 Cr12,822 Cr
EBITDA2,286 Cr2,843 Cr2,444 Cr2,839 Cr2,200 Cr2,184 Cr2,271 Cr3,006 Cr2,081 Cr1,634 Cr2,939 Cr2,660 Cr
OPM %18.7%24.3%18.1%20.8%19.6%18.6%17.2%24.4%17.8%12.5%18.1%17.2%
Other income32 Cr35 Cr34 Cr34 Cr35 Cr26 Cr72 Cr30 Cr22 Cr10 Cr266 Cr19 Cr
Interest329 Cr315 Cr321 Cr332 Cr326 Cr313 Cr342 Cr297 Cr371 Cr406 Cr442 Cr548 Cr
Depreciation604 Cr636 Cr995 Cr683 Cr696 Cr698 Cr691 Cr722 Cr750 Cr839 Cr862 Cr926 Cr
Profit before tax1,384 Cr1,927 Cr1,164 Cr1,859 Cr1,213 Cr1,199 Cr72 Cr2,018 Cr982 Cr339 Cr1,074 Cr1,205 Cr
Tax %-0.4%-0.1%19.8%28.0%29.1%20.7%522.8%25.9%35.3%44.4%3.1%30.0%
Net profit1,390 Cr1,928 Cr933 Cr1,338 Cr860 Cr951 Cr-304 Cr1,496 Cr635 Cr189 Cr1,041 Cr844 Cr
EPS (₹)₹13.81₹19.21₹9.34₹13.31₹8.49₹9.39₹-3.35₹14.73₹6.28₹1.87₹10.27₹8.30

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales22,696 Cr27,841 Cr39,372 Cr36,917 Cr38,989 Cr51,086 Cr52,711 Cr50,027 Cr49,765 Cr53,225 CrSign in free for the trailing twelve months
Operating expenses (approx.)17,987 Cr21,372 Cr30,967 Cr29,064 Cr24,544 Cr35,572 Cr42,776 Cr39,826 Cr40,271 Cr43,565 CrSign in free for the trailing twelve months
EBITDA4,709 Cr6,469 Cr8,406 Cr7,854 Cr14,444 Cr15,513 Cr9,935 Cr10,201 Cr9,494 Cr9,660 CrSign in free for the trailing twelve months
OPM %20.7%23.2%21.3%21.3%37.0%30.4%18.8%20.4%19.1%18.1%Sign in free for the trailing twelve months
Other income10 Cr3 Cr16 Cr26 Cr539 Cr50 Cr57 Cr157 Cr168 Cr328 CrSign in free for the trailing twelve months
Interest3,441 Cr3,866 Cr4,264 Cr4,149 Cr3,093 Cr1,888 Cr1,446 Cr1,294 Cr1,312 Cr1,517 CrSign in free for the trailing twelve months
Depreciation3,949 Cr3,883 Cr5,480 Cr3,867 Cr3,453 Cr2,097 Cr2,691 Cr2,822 Cr2,768 Cr3,171 CrSign in free for the trailing twelve months
Profit before tax-3,043 Cr-1,855 Cr-2,802 Cr-246 Cr6,079 Cr12,157 Cr6,743 Cr6,241 Cr4,344 Cr4,413 CrSign in free for the trailing twelve months
Tax %16.5%12.9%13.9%-62.6%29.8%44.3%41.1%4.8%34.5%23.8%Sign in free for the trailing twelve months
Net profit-2,538 Cr-1,615 Cr-2,412 Cr-400 Cr4,267 Cr6,766 Cr3,974 Cr5,943 Cr2,846 Cr3,361 CrSign in free for the trailing twelve months
EPS (₹)₹-27.73₹-15.38₹-17.00₹-1.08₹35.63₹56.40₹39.07₹59.15₹27.83₹33.12Sign in free for the trailing twelve months
Dividend payout %————0.0%1.5%5.1%3.4%7.0%6.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital92 Cr97 Cr97 Cr102 Cr102 Cr101 Cr101 Cr100 Cr101 Cr102 Cr
Reserves29,959 Cr30,288 Cr32,331 Cr32,035 Cr31,713 Cr35,524 Cr38,606 Cr44,216 Cr47,084 Cr50,797 Cr
Borrowings39,958 Cr39,199 Cr34,766 Cr30,675 Cr21,551 Cr12,862 Cr12,435 Cr15,896 Cr17,842 Cr22,038 Cr
Other liabilities19,919 Cr19,207 Cr22,693 Cr27,706 Cr25,352 Cr26,686 Cr17,973 Cr18,068 Cr20,578 Cr23,883 Cr
Total liabilities90,575 Cr89,230 Cr89,585 Cr89,742 Cr77,840 Cr76,644 Cr69,427 Cr78,715 Cr85,839 Cr97,762 Cr
Fixed assets (net)62,190 Cr64,619 Cr66,998 Cr67,219 Cr51,875 Cr42,244 Cr40,804 Cr45,790 Cr47,402 Cr62,533 Cr
CWIP8,714 Cr3,877 Cr2,906 Cr1,975 Cr890 Cr1,736 Cr7,106 Cr8,872 Cr15,518 Cr7,265 Cr
Investments368 Cr146 Cr156 Cr181 Cr1,156 Cr470 Cr907 Cr819 Cr2,201 Cr3,168 Cr
Loans & advances——257 Cr154 Cr221 Cr125 Cr96 Cr64 Cr33 Cr26 Cr
Inventories3,599 Cr4,960 Cr6,510 Cr6,369 Cr5,943 Cr7,281 Cr5,887 Cr7,077 Cr5,610 Cr8,023 Cr
Trade receivables1,717 Cr1,826 Cr3,029 Cr3,549 Cr2,794 Cr1,264 Cr974 Cr1,665 Cr1,363 Cr1,729 Cr
Cash & bank246 Cr264 Cr197 Cr562 Cr5,965 Cr3,505 Cr4,261 Cr3,306 Cr2,617 Cr1,890 Cr
Other assets13,741 Cr13,539 Cr9,533 Cr9,735 Cr8,997 Cr20,018 Cr9,392 Cr11,122 Cr11,096 Cr13,128 Cr
Total assets90,575 Cr89,230 Cr89,585 Cr89,742 Cr77,840 Cr76,644 Cr69,427 Cr78,715 Cr85,839 Cr97,762 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity6,850 Cr7,724 Cr9,027 Cr9,526 Cr11,961 Cr16,048 Cr7,276 Cr6,008 Cr10,824 Cr7,204 Cr
Cash from investing-1,999 Cr-1,431 Cr-832 Cr-1,600 Cr-1,884 Cr-2,331 Cr-4,018 Cr-8,344 Cr-12,323 Cr-10,734 Cr
Cash from financing-5,108 Cr-6,276 Cr-8,261 Cr-7,562 Cr-4,612 Cr-15,120 Cr-2,500 Cr1,381 Cr809 Cr2,803 Cr
Net cash flow-257 Cr17 Cr-67 Cr365 Cr5,465 Cr-1,403 Cr757 Cr-955 Cr-689 Cr-727 Cr
Free cash flow (OCF − Capex)4,352 Cr5,148 Cr7,594 Cr7,862 Cr11,103 Cr13,103 Cr827 Cr-2,509 Cr217 Cr-2,370 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %0.6%2.9%2.2%6.3%17.5%28.1%15.9%12.4%8.7%8.0%
ROE %-7.4%-4.6%-5.1%-0.3%11.7%15.5%8.1%13.3%5.9%6.5%
Debtor days282428352697121012
Inventory days2001921551632331409613198119
Days payable1621631241431591017687100130
Cash conversion cycle6654595610148265681
OCF / EBITDA %145.5%119.4%107.4%121.3%82.8%103.4%73.2%58.9%114.0%74.6%
OCF / EBITDA % (3 years)——120.5%115.6%99.4%99.3%88.4%82.3%81.4%81.9%
Debt / equity1.331.291.080.980.700.360.320.360.380.43
Current ratio——0.660.681.050.991.001.111.061.25
Net debt / EBITDA8.43—4.113.831.080.600.821.231.602.09