Jindal Steel Limited share price

Key numbers

Market cap

₹ 1,18,517 Cr

Current price

₹ 1,164.80

52-week high / low

₹ 1,306 / 977

Stock P/E

43.3

Book value

₹ 500.3

Dividend yield

0.17%

ROCE

8.6%

ROE

6.9%

Debt to equity

0.44

Sales growth (3 yrs)

-13.1%

Profit growth (3 yrs)

-5.4%

1-year return

10.7%

About Jindal Steel Limited

Jindal Steel Limited manufactures steel in India and internationally. It offers TMT rebars under the Jindal Panther brand; structural sections, rails, wire rods, round bars, and cut and bend rebars; and flat products, such as hot rolled coils, cast rounds, cold rolled and coated products, plates and coils, rockhard plates, and hollow sections. The company also provides semi-finished and specialized products, including cathode bars, fabricated sections, track shoes, sheet piles, sin beams, and value-added billets and blooms. In addition, it is involved in design and manufacturing of EOT and gantry cranes for steel plants, ports, infrastructure, and heavy engineering applications; manufactures pressure-retaining equipment for high-pressure and high-temperature industrial applications; and manufactures ferrous cast components for metallurgical and thermal processing industries. Further, the company engages in the operation of iron ore mines in Kasia, Roida, and Tensa in India; coal assets; pellet plants; and captive power facilities. It serves infrastructure, distribution, automotive, defense, building and construction, and engineering and packing. The company was formerly known as…

Quarterly results

Consolidated figures in ₹ crores

Concall summary (2026-07-31)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

• In India, the RBI projects GDP to grow at a rate of about 6.6% in FY27.
• The share of value-added product has increased from 61% in Q4FY26 to 66% in Q1FY27.

Growth & demand

• Because today we are seeing that in China, the capacity reduction is about 50 to 60 million tons, whereas the demand has gone down by 100 million tons.
• Despite a 15% sequential decline in the sales volume, EBITDA remains resilient, reflecting the strength of our product mix, higher realization, and disciplined cost management.

Margins & costs

• There are two costs : one is cost per ton, the other is the cost impact in terms of incoming material or input cost.
• But the aim is today that 50% of the products are high EBITDA products with high NSR, high EBITDA, and the other 50% products are the low EBITDA products.

Capex & expansion

• Our first and foremost focus is that we should reach to the 100% capacity utilization.
• Then we have a state of the art hot strip mill, which we commissioned in FY24, and this mill can produce about 5, 5.5 million ton of hot rolled coils in a year.

Balance sheet & cash

• Net debt stood at INR 15,927 crores, translating into a net debt to EBITDA ratio of 1.71x.
• And there was an operating leverage on account of the plant maintenance shutdown which has the lesser production on a quarter-on-quarter basis, that is roughly around INR 2,000 per ton.

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