Jindal Stainless Ltd
Jindal Stainless Ltd (JSL) last reported results for the quarter ended Jun 2026, with sales of ₹11,279 crore and net profit of ₹769 crore. The next scheduled event is a corporate event on 13 Nov 2026. The stock last traded at ₹752, a market capitalisation of ₹61,996 crore, on a P/E of 18.8. Over the past 52 weeks the stock has ranged between ₹652 and ₹884. Figures are as of 6 Oct 2026 and are not real time.
Jindal Stainless Ltd share price and key metrics
- Current price
- ₹752
- Market cap
- ₹61,996 cr
- Stock P/E
- 18.8
- Book value
- ₹240
- ROE
- 17.7%
- ROCE
- 19.3%
- Dividend yield
- 0.54%
- 52w high / low
- 884/652
Metrics as of 6 Oct 2026. Not real time.
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Jindal Stainless Ltd growth and returns
- 10 Years
- 20%
- 5 Years
- 29%
- 3 Years
- 6%
- TTM
- 10%
- 10 Years
- 23%
- 5 Years
- 55%
- 3 Years
- 15%
- TTM
- 28%
- 10 Years
- 38%
- 5 Years
- 35%
- 3 Years
- 16%
- 1 Year
- -3%
- 10 Years
- 19%
- 5 Years
- 21%
- 3 Years
- 18%
- Last Year
- 18%
Jindal Stainless Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹11,279 cr, up 10.5% from ₹10,207 cr a year earlier. Net profit was ₹769 cr, up 7.6% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 9,777 | 9,907 | 10,198 | 10,207 | 10,893 | 10,518 | 11,337 | 11,279 |
| Expenses | 8,590 | 8,714 | 9,165 | 8,911 | 9,519 | 9,110 | 9,882 | 9,949 |
| Operating profit | 1,186 | 1,193 | 1,033 | 1,296 | 1,374 | 1,408 | 1,455 | 1,329 |
| OPM % | 12% | 12% | 10% | 13% | 13% | 13% | 13% | 12% |
| Other income | 47 | 99 | 87 | 69 | 107 | 77 | 84 | 153 |
| Interest | 159 | 161 | 150 | 144 | 141 | 134 | 149 | 146 |
| Depreciation | 241 | 242 | 241 | 252 | 262 | 269 | 278 | 302 |
| Profit before tax | 834 | 890 | 729 | 969 | 1,078 | 1,082 | 1,112 | 1,034 |
| Tax % | 27% | 26% | 19% | 26% | 25% | 24% | 25% | 26% |
| Net profit | 609 | 654 | 590 | 715 | 808 | 828 | 834 | 769 |
| EPS (₹) | 7.42 | 7.95 | 7.17 | 8.67 | 9.79 | 10.05 | 10.23 | 9.33 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Jindal Stainless Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9,279 | 11,638 | 13,557 | 12,951 | 12,188 | 32,733 | 35,697 | 38,562 | 39,312 | 42,955 | 44,026 |
| Operating profit | 1,166 | 1,343 | 1,165 | 1,132 | 1,424 | 5,090 | 3,586 | 4,511 | 4,469 | 5,482 | 5,566 |
| OPM % | 13% | 12% | 9% | 9% | 12% | 16% | 10% | 12% | 11% | 13% | 13% |
| Net profit | 83 | 346 | 145 | 73 | 419 | 3,109 | 2,084 | 2,693 | 2,500 | 3,185 | 3,239 |
| EPS (₹) | 2.04 | 7.16 | 2.97 | 1.46 | 8.60 | 58.59 | 25.68 | 32.95 | 30.41 | 38.74 | 39.40 |
TTM is the trailing twelve months to the most recent quarter.
Jindal Stainless Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 80 | 96 | 96 | 97 | 97 | 105 | 165 | 165 | 165 | 165 |
| Reserves | 1,734 | 2,369 | 2,495 | 2,620 | 3,108 | 9,718 | 11,766 | 14,193 | 16,523 | 19,626 |
| Borrowings | 5,888 | 5,015 | 4,388 | 3,903 | 3,230 | 4,007 | 3,958 | 6,052 | 6,402 | 7,460 |
| Other liabilities | 3,208 | 3,354 | 3,736 | 4,057 | 4,300 | 8,746 | 11,226 | 10,355 | 12,827 | 13,189 |
| Total liabilities | 10,909 | 10,834 | 10,715 | 10,678 | 10,735 | 22,576 | 27,115 | 30,765 | 35,917 | 40,441 |
| Fixed assets | 6,609 | 6,342 | 6,345 | 6,181 | 5,855 | 8,646 | 9,961 | 13,254 | 14,800 | 18,217 |
| CWIP | 29 | 144 | 29 | 15 | 58 | 525 | 773 | 1,112 | 1,783 | 1,806 |
| Investments | 404 | 439 | 454 | 449 | 456 | 626 | 970 | 1,246 | 1,646 | 1,547 |
| Other assets | 3,868 | 3,909 | 3,887 | 4,033 | 4,365 | 12,779 | 15,411 | 15,152 | 17,688 | 18,871 |
| Total assets | 10,909 | 10,834 | 10,715 | 10,678 | 10,735 | 22,576 | 27,115 | 30,765 | 35,917 | 40,441 |
As reported by the company. Total assets equal total liabilities by construction.
Jindal Stainless Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 5,115 | 1,452 | 1,419 | 1,180 | 1,308 | 1,038 | 3,096 | 4,818 | 4,718 | 3,395 |
| Cash from investing | -30 | -194 | -192 | -186 | -152 | -985 | -2,480 | -3,229 | -3,433 | -3,500 |
| Cash from financing | -5,106 | -1,257 | -1,237 | -991 | -1,119 | 101 | -386 | -829 | -1,882 | -112 |
| Net cash flow | -21 | 1 | -11 | 4 | 37 | 154 | 229 | 760 | -597 | -217 |
| Free cash flow | 5,057 | 1,258 | 1,213 | 1,006 | 1,145 | 70 | 1,448 | 3,367 | 2,890 | 755 |
| CFO / operating profit | 441% | 107% | 122% | 104% | 91% | 37% | 107% | 123% | 119% | 80% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Jindal Stainless Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 9% | 14% | 12% | 11% | 16% | 44% | 21% | 22% | 18% | 19% |
| Debtor days | 35 | 28 | 25 | 20 | 28 | 43 | 37 | 27 | 29 | 26 |
| Inventory days | 133 | 116 | 96 | 117 | 130 | 116 | 125 | 108 | 132 | 122 |
| Days payable | 119 | 104 | 99 | 113 | 123 | 98 | 117 | 95 | 124 | 106 |
| Cash conversion cycle | 50 | 41 | 22 | 23 | 35 | 61 | 46 | 41 | 36 | 42 |
| Working capital days | -77 | -20 | -19 | -24 | -2 | 33 | 30 | 23 | 12 | 5 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Jindal Stainless Ltd shareholding pattern
Promoters held 62.04% at Jun 2026, up from 61.10% at Jun 2025. FIIs 20.45% and DIIs 7.35%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 60.48% | 60.70% | 60.87% | 61.10% | 61.23% | 61.22% | 62.04% | 62.04% |
| FIIs | 22.78% | 22.16% | 21.37% | 21.26% | 21.42% | 21.53% | 20.87% | 20.45% |
| DIIs | 5.86% | 6.26% | 6.91% | 7.09% | 7.08% | 7.23% | 7.15% | 7.35% |
| Public | 10.86% | 10.81% | 10.80% | 10.55% | 10.18% | 9.93% | 9.88% | 10.12% |
| No. of shareholders | 2,09,910 | 2,11,924 | 2,22,569 | 2,19,278 | 2,12,125 | 2,09,086 | 2,07,613 | 2,11,641 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Upcoming Jindal Stainless Ltd events
The next scheduled event is a corporate event on 13 Nov 2026.
- Corporate eventNext earnings release
See the full results calendar for every Indian company reporting in the next 30 days.
Jindal Stainless Ltd corporate filings
- Compliance certificate Under Regulation 74(5) of SEBI DP RegulationsCompany Updatelow impact
- Jindal Stainless Ltd releases routine press statement; no financial or operational updates providedCompany Updatelow impact
Cruxal's analysis: The company issued a press release on October 10, 2026, with no additional financial…
Read the full analysis - Jindal Stainless Ltd releases a routine press statement with no financial or operational updatesCompany Updatelow impact
Cruxal's analysis: The company, with a market cap of approximately 61,856 crore and current stock price of…
Read the full analysis - Jindal Stainless Ltd releases press statement; no financial figures disclosedCompany Updatelow impact
Cruxal's analysis: The company issued a press release under Regulation 30, with no financial or operational…
Read the full analysis - Jindal Stainless Ltd releases press statement on September 30, 2026Company Updatelow impact
Cruxal's analysis: The company issued a press release on September 30, 2026. No financial or operational…
Read the full analysis - SEBI Disclosure Reveals Acquisition of 0.10% Stake in Jindal Stainless Limited by JSL Overseas Holding Limited via Open Market PurchaseInsider Trading / SASTmedium impact
Cruxal's analysis: JSL Overseas Holding Limited has disclosed acquiring 8,34,233 equity shares of Jindal…
Read the full analysis - Jindal Stainless Ltd announces full redemption of Non-Convertible Debentures (NCDs)Company Updatelow impact
Cruxal's analysis: Jindal Stainless Ltd has completed the full redemption of its outstanding Non-Convertible…
Read the full analysis - Jindal Stainless Limited confirms full redemption of 99 crore INR Non-Convertible DebenturesOtherslow impact
Cruxal's analysis: Jindal Stainless Limited has successfully completed the full redemption of 990 listed…
Read the full analysis - Jindal Stainless Ltd files routine disclosure for Centralized Database of Corporate Bonds/DebenturesCompany Updatelow impact
Cruxal's analysis: Jindal Stainless Ltd has submitted a disclosure in compliance with the SEBI circular…
Read the full analysis - JSL Overseas Holding Limited increases stake in Jindal Stainless Limited via open market purchaseInsider Trading / SASTlow impact
Cruxal's analysis: Jindal Stainless Limited promoter group entity, JSL Overseas Holding Limited, has…
Read the full analysis - Intimation for closure of Trading Window.Insider Trading / SASTlow impact
- Jindal Stainless Ltd: Submission of Press Release under Regulation 30Company Updatelow impact
Cruxal's analysis: Jindal Stainless Ltd has filed a press release under Regulation 30 of the SEBI (LODR)…
Read the full analysis - Jindal Stainless Ltd files routine Regulation 30 media releaseCompany Updatelow impact
Cruxal's analysis: Jindal Stainless Ltd has submitted a routine press release under Regulation 30 of the…
Read the full analysis - JSL Overseas Holding Limited Increases Stake in Jindal Stainless Limited via Open Market PurchaseInsider Trading / SASTmedium impact
Cruxal's analysis: JSL Overseas Holding Limited, part of the promoter group, has acquired 8 lakh 61 thousand…
Read the full analysis - Jindal Stainless Ltd releases routine media update under Regulation 30Company Updatelow impact
Cruxal's analysis: Jindal Stainless Ltd has filed a routine press release under Regulation 30 of the SEBI…
Read the full analysis - JSL Overseas Holding Limited increases stake in Jindal Stainless Limited via open market purchaseInsider Trading / SASTmedium impact
Cruxal's analysis: Jindal Stainless Limited promoter group entity, JSL Overseas Holding Limited, has…
Read the full analysis - Jindal Stainless Ltd files routine press release under Regulation 30Company Updatelow impact
Cruxal's analysis: Jindal Stainless Ltd has submitted a press release under Regulation 30 of the SEBI (LODR)…
Read the full analysis - Jindal Stainless Ltd intimates ESG rating disclosure under SEBI regulationsCompany Updatelow impact
Cruxal's analysis: Jindal Stainless Ltd has submitted an intimation regarding its ESG rating in compliance…
Read the full analysis - JSL Overseas Holding Limited Increases Stake in Jindal Stainless Limited via Open Market PurchaseInsider Trading / SASTmedium impact
Cruxal's analysis: JSL Overseas Holding Limited, part of the promoter group, has acquired 6 lakh 19 thousand…
Read the full analysis - Jindal Stainless Ltd schedules investor meeting for September 14, 2026Company Updatelow impact
Cruxal's analysis: Jindal Stainless Ltd has issued a routine intimation regarding a scheduled…
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