Jindal Stainless Limited
Jindal Stainless Limited (JSL) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.
Commodities›Metals & Mining›Ferrous Metals›Iron & Steel
jindalstainless.com(opens the company website in a new tab)Key metrics
Price as of 2026-09-03
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9,797 Cr | 9,127 Cr | 9,454 Cr | 9,430 Cr | 9,777 Cr | 9,907 Cr | 10,198 Cr | 10,207 Cr | 10,893 Cr | 10,518 Cr | 11,337 Cr | 11,279 Cr |
| Operating expenses (approx.) | 8,559 Cr | 7,868 Cr | 8,419 Cr | 8,219 Cr | 8,590 Cr | 8,714 Cr | 9,165 Cr | 8,911 Cr | 9,519 Cr | 9,104 Cr | 9,843 Cr | 9,915 Cr |
| EBITDA | 1,238 Cr | 1,259 Cr | 1,035 Cr | 1,210 Cr | 1,187 Cr | 1,193 Cr | 1,033 Cr | 1,296 Cr | 1,374 Cr | 1,413 Cr | 1,494 Cr | 1,364 Cr |
| OPM % | 12.6% | 13.8% | 11.0% | 12.8% | 12.1% | 12.0% | 10.1% | 12.7% | 12.6% | 13.4% | 13.2% | 12.1% |
| Other income | 32 Cr | 39 Cr | 55 Cr | 51 Cr | 47 Cr | 99 Cr | 94 Cr | 69 Cr | 90 Cr | 102 Cr | 91 Cr | 118 Cr |
| Interest | 156 Cr | 146 Cr | 153 Cr | 143 Cr | 159 Cr | 161 Cr | 150 Cr | 144 Cr | 141 Cr | 134 Cr | 149 Cr | 146 Cr |
| Depreciation | 222 Cr | 236 Cr | 233 Cr | 232 Cr | 241 Cr | 242 Cr | 241 Cr | 252 Cr | 262 Cr | 269 Cr | 278 Cr | 302 Cr |
| Profit before tax | 993 Cr | 917 Cr | 702 Cr | 886 Cr | 834 Cr | 890 Cr | 729 Cr | 969 Cr | 1,078 Cr | 1,082 Cr | 1,112 Cr | 1,034 Cr |
| Tax % | 23.1% | 24.6% | 28.7% | 27.1% | 27.0% | 26.5% | 19.0% | 26.3% | 25.1% | 23.5% | 25.0% | 25.6% |
| Net profit | 764 Cr | 691 Cr | 501 Cr | 646 Cr | 609 Cr | 654 Cr | 590 Cr | 715 Cr | 808 Cr | 828 Cr | 834 Cr | 769 Cr |
| EPS (₹) | ₹9.40 | ₹8.41 | ₹6.08 | ₹7.87 | ₹7.42 | ₹7.95 | ₹7.18 | ₹8.67 | ₹9.80 | ₹10.06 | ₹10.24 | ₹9.34 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 13,557 Cr | 12,951 Cr | 12,188 Cr | 21,223 Cr | 35,697 Cr | 38,562 Cr | 39,312 Cr | 42,955 Cr | Sign in for TTM |
| Operating expenses (approx.) | 12,393 Cr | 11,811 Cr | 10,759 Cr | 18,134 Cr | 32,001 Cr | 33,805 Cr | 34,689 Cr | 37,378 Cr | Sign in for TTM |
| EBITDA | 1,165 Cr | 1,139 Cr | 1,429 Cr | 3,090 Cr | 3,696 Cr | 4,757 Cr | 4,623 Cr | 5,577 Cr | Sign in for TTM |
| OPM % | 8.6% | 8.8% | 11.7% | 14.6% | 10.4% | 12.3% | 11.8% | 13.0% | Sign in for TTM |
| Other income | 33 Cr | 40 Cr | 41 Cr | 56 Cr | 126 Cr | 169 Cr | 291 Cr | 351 Cr | Sign in for TTM |
| Interest | 637 Cr | 586 Cr | 480 Cr | 332 Cr | 325 Cr | 554 Cr | 612 Cr | 568 Cr | Sign in for TTM |
| Depreciation | 352 Cr | 425 Cr | 403 Cr | 371 Cr | 724 Cr | 879 Cr | 956 Cr | 1,060 Cr | Sign in for TTM |
| Profit before tax | 222 Cr | 165 Cr | 690 Cr | 2,442 Cr | 2,774 Cr | 3,592 Cr | 3,339 Cr | 4,242 Cr | Sign in for TTM |
| Tax % | 34.5% | 56.1% | 39.2% | 21.8% | 24.9% | 25.0% | 25.1% | 24.9% | Sign in for TTM |
| Net profit | 145 Cr | 73 Cr | 419 Cr | 1,909 Cr | 2,084 Cr | 2,693 Cr | 2,500 Cr | 3,185 Cr | Sign in for TTM |
| EPS (₹) | ₹2.97 | ₹1.48 | ₹8.60 | ₹37.81 | ₹25.68 | ₹32.95 | ₹30.42 | ₹38.76 | Sign in for TTM |
| Dividend payout % | — | — | — | 0.0% | 0.0% | 10.6% | 9.8% | 7.7% | Sign in for TTM |
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 96 Cr | 97 Cr | 97 Cr | 105 Cr | 165 Cr | 165 Cr | 165 Cr | 165 Cr |
| Reserves | 2,495 Cr | 2,620 Cr | 3,108 Cr | 5,081 Cr | 11,766 Cr | 14,193 Cr | 16,523 Cr | 19,626 Cr |
| Borrowings | 3,896 Cr | 3,361 Cr | 3,107 Cr | 3,126 Cr | 3,871 Cr | 5,948 Cr | 6,298 Cr | 7,342 Cr |
| Other liabilities | 4,216 Cr | 4,586 Cr | 4,409 Cr | 6,509 Cr | 11,301 Cr | 10,495 Cr | 13,152 Cr | 13,480 Cr |
| Total liabilities | 10,715 Cr | 10,678 Cr | 10,735 Cr | 14,862 Cr | 27,140 Cr | 30,817 Cr | 36,158 Cr | 40,704 Cr |
| Fixed assets (net) | 6,315 Cr | 6,148 Cr | 5,828 Cr | 5,568 Cr | 8,546 Cr | 11,395 Cr | 12,433 Cr | 15,545 Cr |
| CWIP | 24 Cr | 13 Cr | 53 Cr | 357 Cr | 761 Cr | 1,085 Cr | 1,770 Cr | 1,790 Cr |
| Investments | 454 Cr | 449 Cr | 456 Cr | 633 Cr | 1,440 Cr | 1,908 Cr | 2,319 Cr | 1,558 Cr |
| Loans & advances | 8 Cr | 5 Cr | 3 Cr | 0 Cr | 0 Cr | 6 Cr | 457 Cr | 462 Cr |
| Inventories | 2,415 Cr | 2,739 Cr | 2,789 Cr | 4,177 Cr | 8,394 Cr | 7,932 Cr | 9,700 Cr | 9,508 Cr |
| Trade receivables | 919 Cr | 705 Cr | 934 Cr | 2,453 Cr | 3,658 Cr | 2,837 Cr | 3,107 Cr | 3,086 Cr |
| Cash & bank | 36 Cr | 40 Cr | 77 Cr | 215 Cr | 470 Cr | 1,230 Cr | 633 Cr | 415 Cr |
| Other assets | 544 Cr | 579 Cr | 595 Cr | 1,459 Cr | 3,872 Cr | 4,426 Cr | 5,739 Cr | 8,340 Cr |
| Total assets | 10,715 Cr | 10,678 Cr | 10,735 Cr | 14,862 Cr | 27,140 Cr | 30,817 Cr | 36,158 Cr | 40,704 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 1,083 Cr | 3,096 Cr | 4,818 Cr | 4,718 Cr | 3,395 Cr |
| Cash from investing | — | — | — | -783 Cr | -2,482 Cr | -3,340 Cr | -3,439 Cr | -3,506 Cr |
| Cash from financing | — | — | — | -163 Cr | -386 Cr | -829 Cr | -1,882 Cr | -112 Cr |
| Net cash flow | — | — | — | 137 Cr | 229 Cr | 649 Cr | -602 Cr | -223 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 318 Cr | 1,440 Cr | 3,343 Cr | 2,833 Cr | 737 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 13.2% | 27.6% | 36.5% | 53.5% | 19.6% | 20.4% | 17.2% | 17.7% |
| ROE % | 5.5% | 2.6% | 13.1% | 36.3% | 17.7% | 18.9% | 15.0% | 16.1% |
| Debtor days | 25 | 20 | 28 | 42 | 37 | 27 | 29 | 26 |
| Inventory days | 101 | 122 | 136 | 101 | 123 | 113 | 130 | 124 |
| Days payable | 104 | 118 | 128 | 101 | 114 | 99 | 122 | 108 |
| Cash conversion cycle | 22 | 23 | 36 | 42 | 46 | 41 | 36 | 42 |
| Debt / equity | 1.50 | 1.24 | 0.97 | 0.60 | 0.32 | 0.41 | 0.38 | 0.37 |
| Current ratio | 0.85 | 0.83 | 1.02 | 1.05 | 1.38 | 1.47 | 1.26 | 1.24 |
| Net debt / EBITDA | 3.31 | 0.00 | 0.00 | 0.00 | 0.92 | 0.99 | 1.23 | 1.24 |
Compare with peers
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