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Jindal Stainless Ltd share Price Today

Company details

6M Return 88.67%
1Y Return 199.61%
Mkt Cap.(Cr) 44,160.82
Volume 1,347,353
Div Yield 0.46%
OI Chg %
Volume 1,347,353

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About The Stock

    Jindal Stainless (JSL) is among the leading stainless steel manufacturing companies in the world and India’s largest stainless steel manufacturer.

    • JSL operates an integrated stainless steel plant at Jajpur, Odisha. The complex has a total stainless steel capacity of 1.1 million tonnes per annum
    • The company has readily leveragable infrastructure for cost efficient brownfield expansion
Q4FY22 Results

    Jindal Stainless (JSL) reported a healthy Q4FY22 performance.

    • During Q4FY22, JSL reported a consolidated topline of  6564 crore, up 68% YoY and 16% QoQ, higher than our estimate of  6056 crore
    • Consolidated EBITDA for the quarter was at  842 crore, up 55% YoY and 6% QoQ, higher than our estimate of  804 crore
    • During the quarter, on a consolidated basis, JSL reported a net tax credit of ~ 31 crore compared to our estimate of tax expense of ~ 219 crore. Hence, ensuing consolidated PAT for Q4FY22 was at  750 crore, up 156% YoY and 70% QoQ, higher than our estimate of  453 crore

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Iron and Steel/Intermediate Products company Jindal Stainless announced Q2FY24 results:

Consolidated Financial Performance:
- Net revenue for Q2FY24 reached Rs 9,797 crore, showing a growth of 12% YoY.
- EBITDA for Q2FY24 stood at Rs 1,231 crore, marking an 80% YoY increase.
- Profit after tax (PAT) for Q2FY24 was recorded at Rs 764 crore, showing a significant growth of 120% YoY.

Standalone Financial Performance:
- Sales volume for Q2FY24 increased by 26% YoY, driven by robust domestic demand and global market agility.
- Net revenue for Q2FY24 reached Rs 9,720 crore, showing a 14% YoY growth.
- EBITDA stood at Rs 1,070 crore, a significant increase of 54% YoY.
- Profit after tax (PAT) for Q2FY24 was recorded at Rs 609 crore, marking a 74% YoY growth.
- Net debt for the quarter was Rs 2,149 crore, with a net debt-to-equity ratio of approximately 0.2.

Dividend Announcement:
- The Board of Directors approved the payment of interim dividend at a rate of 50% (Re 1 per equity share) for FY24.
- The record date for determining entitlement of members for dividend payment is October 28, 2023.
- The dividend will be paid on or before November 17, 2023, amounting to approximately Rs 82.34 crore.

Key Developments:
- Jindal Stainless signed an MoU with IIT Bombay to establish a Chair Professorship for research in the stainless steel sector.
- The company received Bureau of Indian Standards (BIS) certification for new stainless steel grades in the utensils and kitchenware segment.
- JSL earned a credit rating upgrade from CARE Ratings and revised ratings for its subsidiary, JUSL.
- The company explored the option to sell/liquidate/divest equity stake in its subsidiary, PT Jindal Stainless, Indonesia.
- Jindal Stainless became the first Indian corporate to execute a bilateral live transaction powered by public blockchain.
- The company successfully developed and supplied the DS 9513 grade as an import substitute.
- Jindal Stainless achieved carbon emission reduction through the trial of bio-coal at the electric arc furnace and became a member of Responsible Steel.
- The company received several awards and recognition for its initiatives and achievements.

Commenting on the performance of the company, Managing Director, Jindal Stainless, Abhyuday Jindal, said, “Our domestic sales are up by 15% YoY, buoyed by the government’s push for stainless steel in strategic sectors. As we wait for the National Stainless Steel Policy, we are confident that the per capita consumption of stainless steel in India will increase from the current 2.8 kg in the coming years. Chinese imports have increased by nearly 55% YoY. This highlights the unchecked dumping of subsidised and substandard Chinese products in the Indian market. We hope the government will take notice of the continuous and rampant imports by China, which is hurting the sector, especially the MSMEs, as well the government’s vision of an Atmanirbhar Bharat.”



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Investment recommendation
Performs well…
Call Date
09 May 2022
Entry Price 166.00
Target Price 225.00
12 Month


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

Jindal Stainless Ltd Stocks COMPARISION


Equity Capital: 11,931.18 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,627.88 33,461.81
LAST 3M 55,364.88 13,143.97
LAST 6M 96,704.70 86,889.39
LAST 12M 161,735.00 130,136.85

Jindal Stainless Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Jindal Stainless Ltd. is one of India’s largest stainless steel conglomerates. It is the largest manufacturer of stainless steel in 200, 300, 400 and duplex stainless steel products. The company was founded in 1970 by Shri O P Jindal. At the end of the June 2022 quarter, Jindal Stainless Ltd. posted a total income of Rs 5,490.91 crore, down 16.59% from the total income recorded in the March 2022 quarter. On 30 August 2022, the company’s market capitalisation stood at Rs 6,726 crore.  

    The company is listed on the Bombay Stock Exchange with the code 532508, and on the National Stock Exchange with the code JSL.  

    Jindal Stainless Ltd.’s product portfolio includes blooms, slabs, sheets, plates, blade steel, coin blanks, and precision strips made from stainless steel.  

    As per the company’s shareholding pattern on 30 June 2022, there was a foreign institutional investor stake of 13.77%, a domestic institutional investor stake of 5.85%, a public stake of 10.28%, and a promoter stake of 70.1%. In the June 2022 quarter, promoters unpledged 0.25% of shares, bringing the total pledge of promoter holdings to 78.07%. Promoter holdings increased from 69.87% to 70.10%, while mutual fund holdings decreased from 2.68% to 2.28%.  

    Jindal Stainless Ltd.’s top management comprises Mr Abhyuday Jindal, Mr Ratan Jindal, Mr Tarun Kumar Khulbe, Mr Jayaram Easwaran, Mr Parveen Kumar Malhotra, Ms Bhaswati Mukherjee, Ms Suman Jyoti Khaitan, Mrs Savitri Devi Jindal, and Mrs Arti Luniya. The company has Walker Chandiok & Co. LLP as its auditors. On 30 June 2022, the company’s total outstanding shares were 52.55 crores.  

    On 30 August 2022, the company’s share price closed at Rs 127.95 on BSE. Jindal Stainless Ltd’s share price closed at Rs 128 on NSE. The 52-week high for the company’s share price was Rs 224.40, and the 52-week low share price for Jindal Stainless Ltd. was Rs 95.05. The share’s one-year return to its investors was -15.29%.  

    The company’s peers include JSW Steel Ltd., Tata Steel Ltd., Hindalco Industries Ltd., and Jindal Steel & Power Ltd.  

    In August 2022, SBI Credit Risk Fund had a 2.95% stake in Jindal Stainless Ltd. SBI Magnum Income Fund had a 2.85% stake, and SBI Magnum Medium Duration Fund had a 2.52% stake. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose 

Registered Address

O P Jindal Marg, , Hisar, Haryana, 125005

Tel : 91-1662-222471-83
Email : info.hisar:jindalsteel.com
Website : http://www.jindalstainless.com

Abhipra Capital Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532508
NSE Code : JSL
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE220G01021

FAQ’s on Jindal Stainless Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Dec 06, 2023 01:39 PM the closing price of Jindal Stainless Ltd was ₹ 536.30.

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 Dec 06, 2023 01:39 PM, the market cap of Jindal Stainless Ltd stood at ₹ 44,160.82.

The latest PE ratio of Jindal Stainless Ltd as of Dec 06, 2023 01:39 PM is 16.48

The latest PB ratio of Jindal Stainless Ltd as of Dec 06, 2023 01:39 PM is 0.30

The 52-week high of Jindal Stainless Ltd is ₹ 547.65 while the 52-week low is ₹ 178.05

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

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