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Last Updated: April 2, 2026, 3:10 am
Author: Getaka|Social: XLinkedIn

Jindal Stainless Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹561.54Overvalued by 20.35%vs CMP ₹705.00

P/E (19.7) × ROE (16.2%) × BV (₹219.00) × DY (0.43%)

₹389.97Overvalued by 44.69%vs CMP ₹705.00
MoS: -80.8% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹508.5122%Over (-27.9%)
Graham NumberEarnings₹419.3016%Over (-40.5%)
Earnings PowerEarnings₹165.7511%Over (-76.5%)
DCFCash Flow₹268.5113%Over (-61.9%)
Net Asset ValueAssets₹219.357%Over (-68.9%)
EV/EBITDAEnterprise₹443.299%Over (-37.1%)
Earnings YieldEarnings₹356.807%Over (-49.4%)
ROCE CapitalReturns₹692.719%Fair (-1.7%)
Revenue MultipleRevenue₹238.475%Over (-66.2%)
Consensus (9 models)₹389.97100%Overvalued
Key Drivers: Wide model spread (₹166–₹693) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -9.4%

*Investments are subject to market risks

Investment Snapshot

63
Jindal Stainless Ltd scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health61/100 · Moderate
ROCE 18.2% GoodROE 16.2% GoodD/E 1.88 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.16% (6mo) Slight increasePromoter holding at 61.2% Stable
Earnings Quality60/100 · Moderate
OPM stable around 12% SteadyWorking capital: 12 days (improving) Efficient
Quarterly Momentum68/100 · Strong
Revenue (4Q): +8% YoY GrowingProfit (4Q): +22% YoY Positive
Industry Rank65/100 · Strong
P/E 19.7 vs industry 83.4 Cheaper than peersROCE 18.2% vs industry 13.3% Above peersROE 16.2% vs industry 192.3% Below peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:10 am

Market Cap 58,109 Cr.
Current Price 705
Intrinsic Value₹389.97
High / Low 884/497
Stock P/E19.7
Book Value 219
Dividend Yield0.43 %
ROCE18.2 %
ROE16.2 %
Face Value 2.00
PEG Ratio-2.09

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Jindal Stainless Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Jindal Stainless Ltd 58,109 Cr. 705 884/49719.7 2190.43 %18.2 %16.2 % 2.00
Usha Martin Ltd 12,392 Cr. 407 498/28127.7 97.30.74 %18.8 %15.8 % 1.00
Mukand Ltd 1,800 Cr. 125 162/84.430.0 66.31.61 %9.91 %7.84 % 10.0
Shah Alloys Ltd 116 Cr. 58.4 83.8/46.8 5.180.00 %25.8 %1,108 % 10.0
Ashnisha Industries Ltd 87.0 Cr. 3.28 4.94/2.57256 2.300.00 %1.23 %0.28 % 1.00
Industry Average18,104.25 Cr217.8983.3566.630.46%13.27%192.30%5.67

All Competitor Stocks of Jindal Stainless Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 9,0629,76510,1849,7979,1279,4549,4309,7779,90710,19810,20710,89310,518
Expenses 8,1948,6218,9928,5667,8818,4198,2198,5908,7149,1658,9119,5199,110
Operating Profit 8681,1441,1921,2311,2461,0351,2101,1861,1931,0331,2961,3741,408
OPM % 10%12%12%13%14%11%13%12%12%10%13%13%13%
Other Income 7478761405253514799876910777
Interest 7683100156146153143159161150144141134
Depreciation 181181188222236233232241242241252262269
Profit before tax 6859579819939177028868348907299691,0781,082
Tax % 25%25%25%23%25%29%27%27%26%19%26%25%24%
Net Profit 513716738764691501646609654590715808828
EPS in Rs 9.479.309.069.408.416.087.877.427.957.178.679.7910.05

Last Updated: February 5, 2026, 10:06 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 4:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 12,8106,9337,1449,27911,63813,55712,95112,18832,73335,69738,56239,31241,816
Expenses 11,8006,5646,5718,11310,29412,39211,81910,76427,64232,11134,05234,84436,705
Operating Profit 1,0103685731,1661,3431,1651,1321,4245,0903,5864,5114,4695,111
OPM % 8%5%8%13%12%9%9%12%16%10%12%11%12%
Other Income -3741,238-1463624544148171236515438340
Interest 1,2959421,030788566637586480344325554612569
Depreciation 7284113163253203524254037597248799561,024
Profit before tax -1,387253-7881165202221656904,1592,7743,5923,3393,858
Tax % -1%0%-29%28%34%35%56%39%25%25%25%25%
Net Profit -1,367253-55683346145734193,1092,0842,6932,5002,940
EPS in Rs -63.5211.17-24.052.047.162.971.468.6058.5925.6832.9530.4135.68
Dividend Payout % 0%0%0%0%0%0%0%0%0%10%9%10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)118.51%-319.76%114.93%316.87%-58.09%-49.66%473.97%642.00%-32.97%29.22%-7.17%
Change in YoY Net Profit Growth (%)0.00%-438.27%434.69%201.94%-374.96%8.44%523.63%168.03%-674.97%62.19%-36.39%

Jindal Stainless Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:19%
5 Years:25%
3 Years:6%
TTM:6%
Compounded Profit Growth
10 Years:17%
5 Years:105%
3 Years:-7%
TTM:1%
Stock Price CAGR
10 Years:49%
5 Years:74%
3 Years:79%
1 Year:4%
Return on Equity
10 Years:18%
5 Years:22%
3 Years:18%
Last Year:16%

Last Updated: September 5, 2025, 8:20 am

Balance Sheet

Last Updated: December 10, 2025, 2:55 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4345468096969797105165165165165
Reserves 16-2141,6661,7342,3692,4952,6203,1089,71811,76614,19316,52317,915
Borrowings 11,92711,28910,3475,8885,0154,3883,9033,2304,0073,9586,0526,4026,862
Other Liabilities 4,4462,8982,7983,2083,3543,7364,0574,3008,74611,22610,35512,82714,136
Total Liabilities 16,43114,01814,85810,90910,83410,71510,67810,73522,57627,11530,76535,91739,078
Fixed Assets 9,7807,5526,8636,6096,3426,3456,1815,8558,6469,96113,25414,80015,072
CWIP 15714470291442915585257731,1121,7833,923
Investments 18143934044394544494566269701,2461,6461,383
Other Assets 6,4766,3087,5323,8683,9093,8874,0334,36512,77915,41115,15217,68818,700
Total Assets 16,43114,01814,85810,90910,83410,71510,67810,73522,57627,11530,76535,91739,078

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 9585549665,1151,4521,4191,1801,3081,0383,0964,8184,718
Cash from Investing Activity + -136-11,053-30-194-192-186-152-985-2,480-3,229-3,433
Cash from Financing Activity + -891-580-1,972-5,106-1,257-1,237-991-1,119101-386-829-1,882
Net Cash Flow -69-2847-211-11437154229760-597
Free Cash Flow 8005567985,0571,2581,2131,0061,145701,4483,3672,890
CFO/OP 94%139%166%441%107%122%104%91%37%107%123%119%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-10.00357.00563.00-4.00-4.00-3.00-2.00-2.001.000.00-2.00-2.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 485748352825202843372729
Inventory Days 15814715413311696117130116125108132
Days Payable 125104143119104991131239811795124
Cash Conversion Cycle 8110159504122233561464136
Working Capital Days -352975-77-20-19-24-233302312
ROCE %3%-0%2%9%14%12%11%16%44%21%22%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 57.95%57.95%57.94%58.68%60.49%60.48%60.48%60.70%60.87%61.10%61.23%61.22%
FIIs 21.92%22.20%23.37%22.56%20.83%22.49%22.78%22.16%21.37%21.26%21.42%21.53%
DIIs 6.15%6.01%5.42%5.81%6.62%6.25%5.86%6.26%6.91%7.09%7.08%7.23%
Public 13.99%13.85%13.26%12.94%12.06%10.78%10.86%10.81%10.80%10.55%10.18%9.93%
Others 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.01%0.01%0.09%0.08%
No. of Shareholders 1,46,5811,39,3651,52,7091,66,1831,87,7262,02,1032,09,9102,11,9242,22,5692,19,2782,12,1252,09,086

Shareholding Pattern Chart

No. of Shareholders

Jindal Stainless Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential MidCap Fund 3,106,731 3.67 255.542,464,7762025-12-08 00:51:5426.05%
ICICI Prudential Commodities Fund 3,019,776 6.98 248.392,919,7762026-02-22 01:36:173.42%
Edelweiss Mid Cap Fund 2,856,258 1.7 234.942,747,1282026-02-22 01:21:213.97%
HSBC Value Fund 2,472,300 1.4 203.367,379,6292025-12-08 05:18:00-66.5%
ICICI Prudential Manufacturing Fund 2,063,480 2.69 169.732,241,4062026-02-22 14:56:38-7.94%
UTI Large Cap Fund 1,845,106 1.18 151.77N/AN/AN/A
UTI Mid Cap Fund 1,600,000 1.15 131.611,561,5842026-02-23 02:04:122.46%
WhiteOak Capital Mid Cap Fund 539,660 0.99 44.39425,0842025-12-14 00:58:4526.95%
UTI Large & Mid Cap Fund 539,015 0.79 44.34N/AN/AN/A
Bank of India Mid & Small Cap Equity & Debt Fund 400,000 2.48 32.9566,0002026-02-23 04:28:23-29.33%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 22Mar 21Mar 20Mar 19Mar 18
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 82.3329.4016.6516.1624.50
Diluted EPS (Rs.) 82.3329.4016.6516.1624.50
Cash EPS (Rs.) 70.0435.6128.3726.8630.71
Book Value[Excl.RevalReserv]/Share (Rs.) 209.40127.0697.3080.5463.83
Book Value[Incl.RevalReserv]/Share (Rs.) 209.40127.0697.3080.5463.83
Revenue From Operations / Share (Rs.) 636.21398.40397.50436.06438.95
PBDIT / Share (Rs.) 96.3152.3145.2748.3557.08
PBIT / Share (Rs.) 85.7140.0032.7836.0945.03
PBT / Share (Rs.) 80.1431.1219.9521.9628.56
Net Profit / Share (Rs.) 59.4523.3015.8914.6018.66
NP After MI And SOA / Share (Rs.) 82.3329.4016.6516.1624.50
PBDIT Margin (%) 15.1313.1211.3811.0813.00
PBIT Margin (%) 13.4710.048.248.2710.25
PBT Margin (%) 12.597.815.015.036.50
Net Profit Margin (%) 9.345.843.993.344.25
NP After MI And SOA Margin (%) 12.947.384.183.705.58
Return on Networth / Equity (%) 39.5623.3417.2920.5839.20
Return on Capital Employeed (%) 32.6721.9218.4021.4227.47
Return On Assets (%) 19.669.845.965.878.54
Long Term Debt / Equity (X) 0.240.420.801.061.53
Total Debt / Equity (X) 0.370.480.901.181.88
Asset Turnover Ratio (%) 1.801.331.361.431.44
Current Ratio (X) 1.721.091.161.050.99
Quick Ratio (X) 1.000.490.500.460.41
Inventory Turnover Ratio (X) 4.793.573.753.883.48
Interest Coverage Ratio (X) 17.314.923.313.113.30
Interest Coverage Ratio (Post Tax) (X) 11.693.032.101.852.03
Enterprise Value (Cr.) 10950.714410.952977.294410.476504.96
EV / Net Operating Revenue (X) 0.720.460.310.420.62
EV / EBITDA (X) 4.823.572.793.874.83
MarketCap / Net Operating Revenue (X) 0.600.310.100.210.35
Price / BV (X) 1.860.990.411.192.52
Price / Net Operating Revenue (X) 0.600.310.100.210.35
EarningsYield 0.210.230.410.170.15

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Jindal Stainless Ltd. is a Public Limited Listed company incorporated on 29/09/1980 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L26922HR1980PLC010901 and registration number is 010901. Currently Company is involved in the business activities of Manufacture of hot-rolled and cold-rolled products of steel. Company's Total Operating Revenue is Rs. 40181.68 Cr. and Equity Capital is Rs. 164.73 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Steel - Alloys/SpecialO P Jindal Marg, Hissar Haryana 125005Contact not found
Management
NamePosition Held
Mrs. Savitri Devi JindalChairperson Emeritus
Mr. Ratan JindalChairman & Managing Director
Mr. Abhyuday JindalManaging Director
Mr. Tarun Kumar KhulbeWhole-time Director & CFO & CEO
Mr. Jagmohan SoodWhole Time Director & COO
Mr. Jayaram EaswaranIndependent Director
Dr. Rajeev UberoiIndependent Director
Dr. Aarti GuptaIndependent Director
Mr. Ajay MankotiaIndependent Director
Mrs. Shruti ShrivastavaIndependent Director
Mrs. Arti LuniyaIndependent Director

FAQ

What is the intrinsic value of Jindal Stainless Ltd and is it undervalued?

As of 10 April 2026, Jindal Stainless Ltd's intrinsic value is ₹389.97, which is 44.69% lower than the current market price of ₹705.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (16.2 %), book value (₹219), dividend yield (0.43 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Jindal Stainless Ltd?

Jindal Stainless Ltd is trading at ₹705.00 as of 10 April 2026, with a FY2026-2027 high of ₹884 and low of ₹497. The stock is currently in the middle of its 52-week range. Market cap stands at ₹58,109 Cr..

How does Jindal Stainless Ltd's P/E ratio compare to its industry?

Jindal Stainless Ltd has a P/E ratio of 19.7, which is below the industry average of 83.35. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Jindal Stainless Ltd financially healthy?

Key indicators for Jindal Stainless Ltd: ROCE of 18.2 % indicates efficient capital utilization; ROE of 16.2 % shows strong shareholder returns. Dividend yield is 0.43 %.

Is Jindal Stainless Ltd profitable and how is the profit trend?

Jindal Stainless Ltd reported a net profit of ₹2,500 Cr in Mar 2025 on revenue of ₹39,312 Cr. Compared to ₹3,109 Cr in Mar 2022, the net profit shows a declining trend.

Does Jindal Stainless Ltd pay dividends?

Jindal Stainless Ltd has a dividend yield of 0.43 % at the current price of ₹705.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Jindal Stainless Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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