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

Jindal Steel & Power Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,217.48Fairly Valued by 7.08%vs CMP ₹1,137.00

P/E (40.7) × ROE (7.7%) × BV (₹486.00) × DY (0.18%)

₹465.41Overvalued by 59.07%vs CMP ₹1,137.00
MoS: -144.3% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹983.9922%Over (-13.5%)
Graham NumberEarnings₹461.1816%Over (-59.4%)
Earnings PowerEarnings₹148.2613%Over (-87%)
DCFCash Flow₹7.1113%Over (-99.4%)
Net Asset ValueAssets₹486.257%Over (-57.2%)
EV/EBITDAEnterprise₹773.119%Over (-32%)
Earnings YieldEarnings₹194.507%Over (-82.9%)
ROCE CapitalReturns₹338.677%Over (-70.2%)
Revenue MultipleRevenue₹245.625%Over (-78.4%)
Consensus (9 models)₹465.41100%Overvalued
Key Drivers: EPS CAGR -19.2% drags value — could be higher if earnings stabilize. | Wide model spread (₹7–₹984) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -19.2%

*Investments are subject to market risks

Investment Snapshot

47
Jindal Steel & Power Ltd scores 47/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health57/100 · Moderate
ROCE 10.7% AverageROE 7.7% AverageD/E 0.95 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 1.38% MF buyingPromoter holding at 62.7% Stable
Earnings Quality50/100 · Moderate
OPM contracting (25% → 20%) DecliningWorking capital: -35 days (improving) Efficient
Quarterly Momentum30/100 · Weak
Revenue (4Q): 0% YoY FlatProfit (4Q): -51% YoY DecliningOPM: 13.0% (down 6.0% YoY) Margin pressure
Industry Rank30/100 · Weak
P/E 40.7 vs industry 31.8 In-lineROCE 10.7% vs industry 16.5% AverageROE 7.7% vs industry 34.1% Below peers3Y sales CAGR: -1% Shrinking

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.

Jindal Steel & Power Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 40.7 vs Ind 31.8 | ROCE 10.7% | ROE 7.7% | CFO/NP N/A
Balance Sheet Stress
30/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.95x | IntCov 0.0x | Current 0.68x | Borrow/Reserve 0.39x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹2,846 Cr | CFO/NP N/A
Ownership Accumulation
+25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.41 pp | DII +0.36 pp | Prom +0.33 pp
Business Momentum
-93
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +11.5% | Q NP -70.2% | Q OPM -5.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-59.1%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.39xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.41 ppLatest FII% minus previous FII%
DII Change+0.36 ppLatest DII% minus previous DII%
Promoter Change+0.33 ppLatest promoter% minus previous promoter%
Shareholder Count Change-8,300Latest shareholder count minus previous count
Quarterly Sales Change+11.5%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-70.2%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-5.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

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

Market Cap 1,16,025 Cr.
Current Price 1,137
Intrinsic Value₹465.41
High / Low 1,272/770
Stock P/E40.7
Book Value 486
Dividend Yield0.18 %
ROCE10.7 %
ROE7.68 %
Face Value 1.00
PEG Ratio-2.12

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

View Share Price Target for Jindal Steel & Power Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Jindal Steel & Power Ltd 1,16,025 Cr. 1,137 1,272/77040.7 4860.18 %10.7 %7.68 % 1.00
Godawari Power & Ispat Ltd 18,708 Cr. 279 290/16825.2 78.10.36 %23.2 %17.2 % 1.00
Sarda Energy & Minerals Ltd 18,518 Cr. 526 640/39717.6 1990.29 %15.3 %13.4 % 1.00
Gallantt Ispat Ltd 13,580 Cr. 563 802/35628.4 1290.22 %19.2 %15.1 % 10.0
Jai Balaji Industries Ltd 5,334 Cr. 58.5 142/53.018.2 24.40.00 %36.1 %30.7 % 2.00
Industry Average19,759.11 Cr298.0531.82111.280.09%16.53%34.05%7.08

All Competitor Stocks of Jindal Steel & Power Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 12,45213,69212,58812,25011,70113,48713,61811,21311,75113,18312,29411,68613,027
Expenses 10,07511,5059,9609,9658,85911,04210,7799,0139,56710,9229,2899,60511,398
Operating Profit 2,3772,1872,6282,2852,8432,4442,8392,2002,1842,2623,0062,0811,629
OPM % 19%16%21%19%24%18%21%20%19%17%24%18%13%
Other Income -361-13855323535343526-1,1583022-45
Interest 346371329329315321332326313342297371406
Depreciation 608873588604636995683696698691722750839
Profit before tax 1,0628051,7671,3841,9271,1641,8591,2131,199722,018982339
Tax % 51%42%4%-0%-0%20%28%29%21%523%26%35%44%
Net Profit 5184661,6921,3901,9289331,338860951-3041,496635189
EPS in Rs 5.084.5316.5413.6018.909.1713.148.449.32-3.3314.656.261.87

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 19,28619,35919,46921,60333,28646,96644,37634,57951,16653,21250,35450,12950,190
Expenses 13,48713,91916,03216,89426,81738,55336,50323,64635,65043,27040,15340,64041,213
Operating Profit 5,7995,4403,4374,7096,4698,4127,87310,93315,5159,94210,2029,4888,977
OPM % 30%28%18%22%19%18%18%32%30%19%20%19%18%
Other Income 349-1,644-79-362-584-1,470-102313-1,840-539156-1,065-1,150
Interest 1,8072,6063,2543,4413,8664,2644,1492,7531,8881,4461,2941,3121,416
Depreciation 1,8292,7334,0683,9493,8835,4803,8672,4142,0972,6912,8222,7683,000
Profit before tax 2,512-1,543-3,964-3,043-1,864-2,802-2466,0789,6905,2666,2414,3443,411
Tax % 25%-6%-22%-17%-13%-14%63%30%30%25%5%34%
Net Profit 1,896-1,452-3,087-2,538-1,616-2,412-4004,2676,7663,9745,9432,8462,016
EPS in Rs 20.88-13.97-32.42-24.93-14.56-17.00-1.0735.6256.4031.1158.2127.5719.45
Dividend Payout % 7%0%0%0%0%0%0%0%5%6%3%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-176.58%-112.60%17.78%36.33%-49.26%83.42%1166.75%58.57%-41.27%49.55%-52.11%
Change in YoY Net Profit Growth (%)0.00%63.98%130.39%18.54%-85.59%132.67%1083.33%-1108.18%-99.83%90.81%-101.66%

Jindal Steel & Power 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:10%
5 Years:6%
3 Years:-1%
TTM:-5%
Compounded Profit Growth
10 Years:31%
5 Years:118%
3 Years:-16%
TTM:-32%
Stock Price CAGR
10 Years:33%
5 Years:37%
3 Years:33%
1 Year:9%
Return on Equity
10 Years:5%
5 Years:12%
3 Years:11%
Last Year:8%

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

Balance Sheet

Last Updated: December 4, 2025, 1:29 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 919191929797102102101100100101102
Reserves 22,51920,95132,34529,95930,28831,98832,03531,71335,52438,60644,21647,08449,517
Borrowings 36,36842,46646,79745,85042,96239,55936,82429,91013,50213,04616,47218,40619,156
Other Liabilities 9,93512,02813,16614,67415,88417,35720,78016,11627,51717,67417,88820,17522,962
Total Liabilities 68,91375,53792,39890,57589,23089,00189,74277,84076,64469,42778,67685,76691,737
Fixed Assets 34,98946,64365,03865,93268,45069,03969,38254,34945,48843,54248,38448,98957,724
CWIP 17,8119,06811,8279,7164,9784,0273,1261,7122,5387,8709,61116,72512,193
Investments 3421,7853923681461501811,1564709078192,2011,797
Other Assets 15,77118,04015,14214,55915,65715,78417,05420,62428,14717,10819,86217,85120,023
Total Assets 68,91375,53792,39890,57589,23089,00189,74277,84076,64469,42778,67685,76691,737

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 4,5801,1824,3336,8507,7249,0279,52611,96116,0487,3476,00810,824
Cash from Investing Activity + -12,694-6,717-2,262-1,998-1,431-832-1,600-1,884-2,331-4,090-8,344-12,323
Cash from Financing Activity + 8,8795,708-2,672-5,108-6,276-8,261-7,562-4,612-15,120-2,5001,381809
Net Cash Flow 766173-601-25617-673655,465-1,403757-955-689
Free Cash Flow -8,821-3,8684804,4966,1037,8377,89611,12413,176945-2,418334
CFO/OP 93%28%127%144%120%107%121%109%116%101%66%130%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-31.00-37.00-43.00-41.00-36.00-31.00-29.00-19.002.00-4.00-6.00-9.00

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 3432272920243430971210
Inventory Days 2843141811851911462071961308711787
Days Payable 15113312915016211718113394697888
Cash Conversion Cycle 1662137964505360924524528
Working Capital Days -106-35-83-141-62-58-79-65-1-38-21-35
ROCE %8%5%-1%1%3%4%5%14%24%14%13%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 61.21%61.21%61.21%61.21%61.21%61.19%61.19%61.19%62.22%62.36%62.38%62.71%
FIIs 13.42%12.71%12.23%11.75%11.93%12.64%12.19%10.99%9.59%9.76%9.43%9.02%
DIIs 13.90%14.74%15.22%15.33%14.73%15.34%16.05%17.26%17.72%18.09%18.74%19.10%
Public 9.99%9.86%9.88%9.99%10.41%10.01%9.75%9.75%9.65%9.54%9.20%8.93%
Others 1.48%1.48%1.48%1.73%1.73%0.81%0.81%0.81%0.81%0.25%0.25%0.25%
No. of Shareholders 2,35,4732,30,7742,38,0542,50,7322,59,9912,80,5332,87,9022,98,2583,05,2853,02,1902,90,3862,82,086

Shareholding Pattern Chart

No. of Shareholders

Jindal Steel & Power 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
Kotak Flexicap Fund 19,000,000 3.81 2150.8N/AN/AN/A
HDFC Mid Cap Fund 14,700,000 1.81 1664.0414,993,7972026-01-26 03:17:01-1.96%
SBI Large & Midcap Fund 7,121,675 2.15 806.172,849,4122025-12-08 05:16:36149.93%
Kotak Large & Midcap Fund 5,200,000 1.96 588.64N/AN/AN/A
Kotak Midcap Fund 5,157,150 0.99 583.79N/AN/AN/A
DSP Mid Cap Fund 4,374,445 2.6 495.19N/AN/AN/A
HDFC Balanced Advantage Fund 4,228,806 0.45 478.7N/AN/AN/A
ICICI Prudential Multicap Fund 3,800,436 2.72 430.213,029,6722026-01-26 05:33:3425.44%
Aditya Birla Sun Life Flexi Cap Fund 3,459,395 1.59 391.6N/AN/AN/A
ICICI Prudential Commodities Fund 2,907,255 9.24 329.1N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 59.1531.5456.4035.63-1.08
Diluted EPS (Rs.) 59.1531.5456.4035.63-1.08
Cash EPS (Rs.) 87.4466.3287.6975.6934.00
Book Value[Excl.RevalReserv]/Share (Rs.) 446.44388.25367.02303.30307.46
Book Value[Incl.RevalReserv]/Share (Rs.) 446.44388.25367.02303.30307.46
Revenue From Operations / Share (Rs.) 499.07524.49505.45382.24361.94
PBDIT / Share (Rs.) 103.3399.42153.99146.8977.26
PBIT / Share (Rs.) 75.1872.65133.24113.0439.34
PBT / Share (Rs.) 62.2644.63110.5571.53-2.41
Net Profit / Share (Rs.) 59.2939.5466.9441.83-3.92
NP After MI And SOA / Share (Rs.) 59.2431.5856.9235.62-1.07
PBDIT Margin (%) 20.7018.9530.4638.4221.34
PBIT Margin (%) 15.0613.8526.3629.5710.86
PBT Margin (%) 12.478.5021.8718.71-0.66
Net Profit Margin (%) 11.887.5313.2410.94-1.08
NP After MI And SOA Margin (%) 11.876.0211.269.31-0.29
Return on Networth / Equity (%) 13.408.1916.1411.42-0.33
Return on Capital Employeed (%) 12.0113.5324.9619.686.03
Return On Assets (%) 7.544.577.504.66-0.12
Long Term Debt / Equity (X) 0.220.180.230.630.86
Total Debt / Equity (X) 0.350.320.360.670.95
Asset Turnover Ratio (%) 0.670.710.640.410.35
Current Ratio (X) 1.110.991.171.050.68
Quick Ratio (X) 0.660.610.850.740.41
Inventory Turnover Ratio (X) 3.053.552.931.602.06
Dividend Payout Ratio (NP) (%) 3.386.331.770.000.00
Dividend Payout Ratio (CP) (%) 2.293.421.290.000.00
Earning Retention Ratio (%) 96.6293.6798.230.000.00
Cash Earning Retention Ratio (%) 97.7196.5898.710.000.00
Interest Coverage Ratio (X) 8.006.918.244.841.90
Interest Coverage Ratio (Post Tax) (X) 5.594.165.583.160.93
Enterprise Value (Cr.) 97455.7062919.0764559.5849593.9837377.13
EV / Net Operating Revenue (X) 1.951.191.261.271.01
EV / EBITDA (X) 9.416.304.153.314.74
MarketCap / Net Operating Revenue (X) 1.701.041.050.890.22
Retention Ratios (%) 96.6193.6698.220.000.00
Price / BV (X) 1.921.421.511.100.26
Price / Net Operating Revenue (X) 1.701.041.050.890.22
EarningsYield 0.060.050.100.10-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Jindal Steel Ltd. is a Public Limited Listed company incorporated on 28/09/1979 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L27105HR1979PLC009913 and registration number is 009913. Currently Company is involved in the business activities of Manufacture of basic iron and steel. Company's Total Operating Revenue is Rs. 48818.03 Cr. and Equity Capital is Rs. 101.18 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Steel - Sponge IronO.P. Jindal Marg, Hissar Haryana 125005Contact not found
Management
NamePosition Held
Mrs. Savitri JindalChairman Emeritus
Mr. Naveen JindalNon Executive Chairman
Mr. Sabyasachi BandyopadhyayExecutive Director
Mr. Damodar MittalExecutive Director
Ms. Kanika AgnihotriInd. Non-Executive Director
Mr. Rohit KumarInd. Non-Executive Director
Mrs. Shivani Wazir PasrichInd. Non-Executive Director

FAQ

What is the intrinsic value of Jindal Steel & Power Ltd and is it undervalued?

As of 05 April 2026, Jindal Steel & Power Ltd's intrinsic value is ₹465.41, which is 59.07% lower than the current market price of ₹1,137.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (7.68 %), book value (₹486), dividend yield (0.18 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Jindal Steel & Power Ltd?

Jindal Steel & Power Ltd is trading at ₹1,137.00 as of 05 April 2026, with a FY2026-2027 high of ₹1,272 and low of ₹770. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,16,025 Cr..

How does Jindal Steel & Power Ltd's P/E ratio compare to its industry?

Jindal Steel & Power Ltd has a P/E ratio of 40.7, which is above the industry average of 31.82. The premium over industry average may reflect growth expectations or speculative interest.

Is Jindal Steel & Power Ltd financially healthy?

Key indicators for Jindal Steel & Power Ltd: ROCE of 10.7 % is moderate; ROE of 7.68 % is below ideal levels (industry average: 34.05%). Dividend yield is 0.18 %.

Is Jindal Steel & Power Ltd profitable and how is the profit trend?

Jindal Steel & Power Ltd reported a net profit of ₹2,846 Cr in Mar 2025 on revenue of ₹50,129 Cr. Compared to ₹6,766 Cr in Mar 2022, the net profit shows a declining trend.

Does Jindal Steel & Power Ltd pay dividends?

Jindal Steel & Power Ltd has a dividend yield of 0.18 % at the current price of ₹1,137.00. 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 Steel & Power 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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