Skip to main content
Swing Capital

Jindal Stainless Ltd

NSE: JSL BSE: 532508Auto

Jindal Stainless Ltd is one of the largest manufacturers of Stainless Steel flat products, in Austenitic, Ferritic, Martensitic and Duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods etc. [1]

₹746
52W: ₹633 — ₹884
PE 22.7 · Book ₹229 · +226% vs book
Market Cap₹61,502 Cr
Stock P/E22.7Price to Earnings
ROCE18%Return on Capital
ROE15.5%Return on Equity
Div. Yield0.4%Face Value ₹2

Strengths

  • +Promoter holding has increased by 0.82% over last quarter.

Shareholding Pattern

Promoters62.04%
FIIs20.87%
DIIs7.15%
Public9.88%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters60.48%60.48%60.7%▲0.260.87%▲0.261.1%▲0.261.23%▲0.161.22%▼0.062.04%▲0.8
FIIs22.49%22.78%▲0.322.16%▼0.621.37%▼0.821.26%▼0.121.42%▲0.221.53%▲0.120.87%▼0.7
DIIs6.25%5.86%▼0.46.26%▲0.46.91%▲0.77.09%▲0.27.08%▼0.07.23%▲0.27.15%▼0.1
Public10.78%10.86%▲0.110.81%▼0.010.8%▼0.010.55%▼0.310.18%▼0.49.93%▼0.39.88%▼0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales9,0889,5219,5859,74610,06610,78610,34110,88110,63210,826
Expenses8,0678,6938,5808,7399,0629,8959,2939,8219,5299,715
Operating Profit1,0218271,0041,0071,0038901,0481,0601,1031,111
OPM %11%9%10%10%10%8%10%10%10%10%
Net Profit779476578589619925642644666892
EPS ₹9.465.797.027.167.5111.237.797.818.0810.81

AI Insights

Revenue Trend

Mar 2026 revenue at ₹42,680Cr, up 6.2% YoY. OPM at 10%.

Debt Position

Borrowings at ₹4,599Cr. Debt-to-equity ratio: 0.25x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1,396Cr (13% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 7.15% (+1.14pp change). FIIs: 20.87% (-1.33pp change). Promoters hold 62.04%.

Margin & Efficiency

ROCE improving from -1% (Mar 2015) to 18% (Mar 2026). Working capital days: 1.

Valuation

PE 22.7x with 18% ROCE. Price is 226% above book value of ₹229. Dividend yield: 0.4%.

Recent Announcements