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Jindal Stainless (Hisar) Ltd share Price

Company details

6M Return 114.24%
1Y Return 62.59%
Mkt Cap.(Cr) 13,278.42
Volume 830,836
Div Yield 0.00%
OI Chg %
Volume 830,836

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Healthy performance…

About The Stock

    Jindal Stainless (Hisar) (JSHL) is one of the leading players in the Indian stainless steel market.

    • JSHL is the largest specialty stainless steel producer in India with a diversified value-added product portfolio
    • JSHL operates an integrated stainless steel plant at Hisar, Haryana. JSHL has a total melting capacity of 0.8 million tonnes per annum (MTPA)

Q4FY22 Results

    JSHL reported a healthy performance in Q4FY22.

    • During Q4FY22, JSHL reported a consolidated topline of  4318 crore, up 39% YoY and 3% QoQ, higher than our estimate of  4032 crore
    • Consolidated EBITDA was at ₹ 605 crore, up 49% YoY, 6% QoQ, higher than our estimate of  572 crore. Consolidated PAT was at  575 crore, up 64% YoY and 12% QoQ, higher than our estimate of  518 crore

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Jindal Stainless (Hisar) Ltd.

Q3FY23 Quarterly Result Announced for Jindal Stainless (Hisar) Ltd.

Iron & steel products manufacturer Jindal Stainless (Hisar) announced Q3FY23 results:

  • Standalone proforma merged (JSL JSHL) Q3FY23:
    • Revenue at Rs 9,073 crore, up by 5% QoQ
    • EBITDA at Rs 951 crore, up by 37% QoQ
    • PAT at Rs 568 crore, up by 58% QoQ
    • Net lenders' debt at Rs 2,824 crore
    • Net debt-to-equity ratio at ~0.3 for the combined entity
  • Standalone of JSL Q3FY23:
    • Revenue at Rs 6,221 crore
    • EBITDA at Rs 622 crore
    • PAT at Rs 351 crore
    • Sales volume at 3,30,427 metric tonnes
  • Standalone JSHL Q3FY23:
    • Revenue at Rs 3,765 crore
    • EBITDA at Rs 339 crore
    • PAT at Rs 224 crore
    • Sales volume at 1,74,188 metric tonnes

Commenting on the performance of the Company, Managing Director, Jindal Stainless, Mr. Abhyuday Jindal said, “Agility and adaptability to changing market conditions lies at the core of sales and operations planning at Jindal Stainless. This strategy continued to serve us well in the last quarter and helped us align our sales mix with the domestic demand. We also undertook focused measures to fulfill our environmental responsibility, including the commitment to power future growth through renewable sources of energy only. On behalf of the Indian stainless steel industry, we are thankful to the Indian government for its decision to revoke the export duty levied on stainless steel products. This move will give a thrust to the government’s Local to Global mandate. We are hopeful that the government will take necessary steps to address the trade imbalance between Indian and China and other FTA countries like Indonesia caused due to dumping of subsidised and duty-free imports.”



Result PDF

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Investment recommendation

Healthy performance…
Call Date
09 May 2022
Entry Price 329.00
Target Price 439.00
12 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Jindal Stainless (Hisar) Ltd Stocks COMPARISION


Equity Capital: 4,909.44 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 4,188.45 35,755.27
LAST 3M 16,061.94 57,887.59
LAST 6M 62,190.55 42,497.37
LAST 12M 116,352.25 89,431.64

Jindal Stainless (Hisar) Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 539597
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE455T01018

FAQ’s on Jindal Stainless (Hisar) Ltd Shares

You can buy Jindal Stainless (Hisar) Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Jindal Stainless (Hisar) Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 08, 2023 03:52 PM the closing price of Jindal Stainless (Hisar) Ltd was ₹ 562.80.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 08, 2023 03:52 PM, the market cap of Jindal Stainless (Hisar) Ltd stood at ₹ 13,278.42.

The latest PE ratio of Jindal Stainless (Hisar) Ltd as of Mar 08, 2023 03:52 PM is 8.94

The latest PB ratio of Jindal Stainless (Hisar) Ltd as of Mar 08, 2023 03:52 PM is 0.41

The 52-week high of Jindal Stainless (Hisar) Ltd is ₹ 576.90 while the 52-week low is ₹ 189.00

According to analyst recommendations, Jindal Stainless (Hisar) Ltd has a “Buy” rating for the long term.

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