Jindal Stainless Ltd Share Price

Q: What is the share price of Jindal Stainless Ltd today?

Jindal Stainless Ltd share price as on 31 Jan 2025 is ₹651.4

Steel - Large

NSE: JSL Mid Cap ISIN: INE220G01021

As on 31 January 2025 at 13:54 IST

₹651.40

+ 2.55

(0.39%)

Sell Buy

About Jindal Stainless Ltd

Jindal Stainless Ltd is one of the largest stainless-steel manufacturers in India. It produces a wide range of stainless steel products for various industries. The company was established in 1970. Jindal Stainless has over many decades of experience in the stainless-steel industry. The company is headquartered in Hisar, Haryana, India. Its main product portfolio includes stainless steel flat products, such as coils, sheets, and plates, as well as long products, like bars and wires. The company operates in the Metals & Mining sector, specifically in the Stainless-Steel segment. Read More...

Over 1 Month

-5.54%

Over 6 Months

-12.86%

Over 1 Year

13.47%

Over 3 Years

219.79%

Jindal Stainless Ltd Summary

Close ₹ 651.40

Open ₹ 645.70

High ₹ 657.60

Low ₹ 635.25

Volume 9,95,269

Net Turnover (in ₹ Cr) ₹ 80.78

52Wk High ₹ 848

52Wk Low ₹ 527.10

52Wk High / Low

527.10

848

Jindal Stainless Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 53,450.29

EPS (TTM) 29.13

Book Value (BV) 178.73

Div. Yield 0.46 %

P/E (TTM) 22.06

Price/Book Value 3.63

Delivery % 19.81 %

Face Value 2

Key Ratios

PE Ratio 22.60

PB Ratio 4.17

EV to Sales 1.56

PEG Ratio 0.88

ROA 14

ROE 20.12

Debt-Equity 0.30

Net Profit Margin 6.60

Operating Profit Margin 11.57

Jindal Stainless Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	38,731.59	35,823.32	32,803.33	12,229.36	12,990.76
Total Expenses	35,291.40	33,159.31	28,744.97	11,647.31	12,822.08
Profit Before Tax	3,592.47	2,773.97	4,159.04	689.67	165.26
Profit After Tax	2,693.48	2,083.83	3,109.39	419.46	72.62
Operating Profit after Depreciation	3,994.58	2,988.63	4,402.05	1,062.13	754.21

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	13,271.78	9,973.18	8,653.45	5,860.91	6,182.98
Total Non Current Assets	16,034.64	12,003.75	10,589.34	6,615.98	6,851.24
Total Current Assets	14,782.61	15,111.73	11,994.84	4,118.53	3,826.30
TOTAL ASSETS	30,817.25	27,115.48	22,584.18	10,734.51	10,677.54
Total Shareholder's Fund	14,357.90	11,931.18	9,823.09	3,205.13	2,717.24

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	4,818.13	3,095.63	1,038.09	1,307.77	1,180.36
Net Cash used in Investing Activities	-3,228.99	-2,480.49	-985.27	-151.97	-185.71
Net Cash used in Financing Activities	-829.35	-386.25	101.48	-1,118.64	-990.77

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	38,725.34	35,136.60	32,355.43	11,721.44	12,357.09
Total Expenses	35,428.83	32,433.08	28,588.01	11,120.41	12,121.04
Profit Before Tax	3,327.75	2,703.52	3,767.42	700.42	244.36
Profit After Tax	2,530.69	2,014	2,789.97	427.92	152.88
Operating Profit after Depreciation	3,689.87	2,998.64	4,079.55	1,064.73	802.94

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	9,569.21	9,466.12	8,167.01	5,684.23	5,971.80
Total Non Current Assets	14,142.73	11,647.40	10,382.25	6,454.91	6,656.28
Total Current Assets	13,374.92	14,467.57	10,951.92	3,809.76	3,451.68
TOTAL ASSETS	27,517.65	26,114.97	21,334.17	10,264.67	10,107.96
Total Shareholder's Fund	13,699.99	11,456.89	9,446.38	3,152.78	2,657.32

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	3,683.24	2,833.58	1,111.24	1,294.61	1,123.04
Net Cash used in Investing Activities	-2,830.59	-2,366.67	-922.80	-153.65	-162.03
Net Cash used in Financing Activities	-362.61	-224.62	-37.66	-1,106.64	-950.97

Particulars (in ₹ Cr.)	2024-12	2024-09	2024-06	2024-03	2023-12
Total Revenue	9,907.30	9,776.83	9,429.76	9,454.02	9,127.45
Total Expenses	8,714.27	8,590.34	8,219.47	8,418.84	7,881.28
Profit Before Tax	890	834.27	885.94	701.89	916.83
Profit After Tax	654.27	609.42	646.07	500.65	691.22
Operating Profit after Depreciation	1,292.14	1,233.76	1,261.03	1,090.26	1,298.21

Particulars (in ₹ Cr.)	2024-12	2024-09	2024-06	2024-03	2023-12
Total Revenue	10,065.60	9,745.65	9,584.90	9,520.74	9,087.57
Total Expenses	9,062.20	8,738.73	8,580.50	8,693.45	8,066.77
Profit Before Tax	831.52	792.82	788.26	635.51	974.94
Profit After Tax	618.64	589.29	578.32	476.36	779.27
Operating Profit after Depreciation	1,140.55	1,089.35	1,064.58	888.42	1,250.84

Jindal Stainless Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 616.67

S2 584.48

S3 565.37

Pivot 635.78

R1 667.97

R2 687.08

R3 719.27

Moving Average

20 SMA 635.62

50 SMA 684.37

100 SMA 706.80

200 SMA 725.53

Jindal Stainless Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

Jindal Stainless Ltd

₹2/Share

Announcement Date 30 Aug 2024

Record Date 30 Aug 2024

Div Yield 100%

EGM Date: 23 Apr 2022

COM 23/04/2022 Intimation under Regulation 30, 44 of Securities Exchange Board of India (Listing Obligations And Disclosure Requirement) Regulations, 2015 ('''Listing Regulations') - Notice of Meeting of Equity Shareholders, Secured Creditors and Unsecured Creditors of Jindal Stainless Limited ('the Company') pursuant to the order dated 25th February 2022 as rectified by order dated 03rd March, 2022 of the Hon''ble National Company Law Tribunal, Chandigarh Bench ('NCLT') to approve the Scheme. Copy of notices are available on the website of the Company under the following link: https://www.jslstainless.com/scheme-of-arrangement#scheme-of-arrangement Summary of the meeting of equity shareholders ('the Meeting') of Jindal Stainless Limited ('the Company') convened and held on Saturday, April 23, 2022 pursuant to the directions of the Hon''ble National Company Law Tribunal Chandigarh Bench ('NCLT') in the Company Application No. CA (CAA) No. 14/Chd/Hry/2021 (As Per BSE Announcement dated on 23.04.2022) Voting Results of the meeting of the equity shareholders of Jindal Stainless Limited ('the Company') convened and held on Saturday, April 23, 2022, pursuant to the directions of the Hon''ble National Company Law Tribunal Chandigarh Bench in the Company Application No. CA (CAA) No. 14/Chd/Hry/2021, along with the Scrutinizer''s Report(s). Scrutinizer''s Report on the voting results of the meeting of the secured creditors of Jindal Stainless Limited ('the Company') convened and held on Saturday, April 23, 2022, pursuant to the directions of the Hon''ble National Company Law Tribunal Chandigarh Bench in the Company Application No. CA (CAA) No. 14/Chd/Hry/2021. Scrutinizer''s Report on the voting results of the meeting of the unsecured creditors of Jindal Stainless Limited ('the Company') convened and held on Saturday, April 23, 2022, pursuant to the directions of the Hon''ble National Company Law Tribunal Chandigarh Bench in the Company Application No. CA (CAA) No. 14/Chd/Hry /2021. Jindal Stainless Ltd has informed BSE regarding the details of Voting results of Court Convened Meeting, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. (As Per BSE Announcement Dated on 26.04.2022)

EGM Date: 20 Apr 2023

Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Extra Ordinary General Meeting Notice ('EGM Notice') Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Proceedings of 1st Extra-ordinary General Meeting for the financial year 2023-24 of Jindal Stainless Limited held on 20th April, 2023. (As Per BSE Announcement Dated on 20.04.2023) Details of Voting Results along with Scrutinizer's Report at 1st Extra Ordinary General Meeting of the Company under Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (As Per BSE Announcement dated on 21.04.2023)

EGM Date: 26 Aug 2024

EGM 26/08/2024 Proceedings of EGM of Jindal Stainless Limited held on 26th August, 2024. Proceedings of EGM of Jindal Stainless Limited held on 26th August 2024. (As Per BSE Announcement Dated on 26.08.2024) Details of voting results along with Scrutinizer''s report at 1st EGM held on 26th August, 2024 (As per BSE Announcement Dated on 27/08/2024)

Jindal Stainless Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
Jindal Stainless Ltd	₹649.05	₹53,466.77
JSW Steel Ltd	₹951.40	₹2,32,660.49
Tata Steel Ltd	₹131.15	₹1,63,721.46
Jindal Steel & Power Ltd	₹840.10	₹85,697.60
Tube Investments of India Ltd	₹3,294.60	₹63,742.84
Steel Authority of India Ltd	₹105.45	₹43,556.39

Jindal Stainless Ltd News

Board of Jindal Stainless recommends interim dividend

Of Rs 1 per share

29 Jan 2025, 04:50 pm

Jindal Stainless Ltd soars 1.3%

Jindal Stainless Ltd is quoting at Rs 641.65, up 1.3% on the day as on 12:49 IST on the NSE. The stock is up 16.98% in last one year as compared to a 8.37% spurt in NIFTY and a 10.61% spurt in the Nifty Metal index.

23 Jan 2025, 01:05 pm

Jindal Stainless to hold board meeting

On 29 January 2025

23 Jan 2025, 11:35 am

Jindal Stainless Ltd up for fifth session

Jindal Stainless Ltd is quoting at Rs 736.25, up 0.03% on the day as on 12:44 IST on the NSE. The stock is up 28.38% in last one year as compared to a 9.49% spurt in NIFTY and a 8.75% spurt in the Nifty Metal.

30 Dec 2024, 01:00 pm

Jindal Stainless Ltd up for third straight session

Jindal Stainless Ltd is quoting at Rs 733.7, up 2.46% on the day as on 12:49 IST on the NSE. The stock is up 35.47% in last one year as compared to a 17.29% jump in NIFTY and a 23.88% jump in the Nifty Metal index.

04 Dec 2024, 01:05 pm

Jindal Stainless Ltd Stock Analysis

Annual revenue for Jindal Stainless Ltd increased by 10.21% to ₹38,725.34 crore in FY 2024 from ₹35,136.60 crore in FY 2023.
Annual Net Profit for Jindal Stainless Ltd increased by 25.65% to ₹2,530.69 crore in FY 2024 from ₹2,014 crore in FY 2023.
Promoter Shareholding in Jindal Stainless Ltd increased by 0.37% in the most recent quarter, from 60.49% in September 2024 to 60.71% in December 2024.
Jindal Stainless Ltd delivered a 1-year return of 13.47% compared to the Nifty 50, which provided a return of 8.03% as of the last trading session.
Jindal Stainless Ltd share price moved up by 0.39% from its previous close of INR ₹648.85. The latest Jindal Stainless Ltd share price is INR ₹651.40.
Jindal Stainless Ltd share price today has been at a low of 635.25 and a high of 657.60. Over the past 52 weeks, the Jindal Stainless Ltd share price has seen a low of 527.10 and a high of 848.

About Jindal Stainless Ltd

Jindal Stainless Ltd is one of the largest stainless-steel manufacturers in India. It produces a wide range of stainless steel products for various industries. The company operates in the Metals & Mining sector, specifically in the Stainless-Steel segment.

Jindal Stainless was established in 1970. Thus, it has over many decades of experience in the stainless steel industry. The company's headquarters is located in Hisar, Haryana, India. Jindal Stainless is part of the Jindal Group, one of the largest business conglomerates in India. The Jindal family is the primary promoter group.

Jindal Stainless' main products include stainless steel flat products. These are coils, sheets, and plates, as well as long products like bars and wires. The company's stainless-steel products cater to diverse end-use industries. This includes automotive, construction, consumer durables, and industrial applications. Jindal Stainless has a significant market share in the domestic market.

Jindal Stainless may not be the largest player in the overall metals and mining sector. However, it is undisputedly the market leader in the Indian stainless-steel industry. The company's manufacturing capabilities, product diversification, and strong brand recognition have enabled it to maintain its dominance in the domestic market and expand its global footprint.

The promoter shareholding in Jindal Stainless Ltd stands at 60.49%. The Jindal family and its affiliates are the major shareholders of the company. JSL Overseas Holding Ltd and JSL Overseas Ltd hold significant shares (15.59% and 12.30%) among them. The current management team is led by Mr. Abhyuday Jindal as the Managing Director.
The other vital managerial promoters of the company include:

Savitri Devi Jindal
Ratan Jindal
Tarun Kumar Khulbe
Jagmohan Sood

The registered office of the company is located at O.P. Jindal Marg, Hisar - 125005, Haryana, India. Alankit Assignments Limited serves as the registrar and transfer agent for Jindal Stainless.

Future Strategy of the Company

As one of the leading stainless-steel manufacturers in India, Jindal Stainless Ltd has a promising future ahead, marked by strategic initiatives and growth plans that aim to solidify its position in the domestic and global markets. The company's future dealings encompass a multifaceted approach. This is focused on capacity expansion, product diversification, and international expansion. These approaches are designed to capitalize on the growing demand for stainless steel and cement, Jindal Stainless' status as a leading player in the industry.

Capacity Expansion and Modernization
Jindal Stainless' future plans include the expansion and modernization of its existing manufacturing facilities to enhance production capacity and capabilities. The company intends to invest in state-of-the-art technologies and equipment upgrades. These upgrades improve operational efficiency, reduce energy consumption, and optimize production processes. This capacity expansion strategy will enable Jindal Stainless to cater to the increasing demand for stainless steel products in both the domestic and global markets.

Product Diversification and Innovation
Jindal Stainless recognizes the importance of product diversification and innovation in maintaining a competitive edge. The company plans to expand its product portfolio by developing specialized and value-added stainless-steel solutions. This caters to emerging applications in sectors such as automotive, renewable energy, and specialized industrial equipment. Through focused R&D efforts and collaborations with technology partners, Jindal Stainless aims to introduce new grades of stainless steel, enhance product performance, and explore innovative applications to stay ahead of market trends.

Operational Excellence and Sustainability
Improving operational efficiency and sustainability will be a key priority for Jindal Stainless in the years to come. The company intends to implement lean manufacturing practices, optimize energy and resource consumption, and improve waste management across its operations. Jindal Stainless will strive to enhance its operational agility, reduce costs, and minimize its environmental footprint.

Global Expansion and Exports
Jindal Stainless' future dealings include a strategic focus on international expansion and increasing its export presence. The company aims to leverage its strong manufacturing capabilities, product quality, and technical expertise to penetrate new overseas markets and cater to the growing global demand for stainless steel. This global expansion strategy will involve identifying key target markets, establishing sales and distribution networks, and investing in international production facilities or joint ventures.

Mergers, Acquisitions, and Consolidation
Jindal Stainless may explore strategic mergers, acquisitions, and consolidation opportunities as part of its future dealings. This enhances its market share, technological capabilities, and operational synergies. The company may consider acquiring or merging with complementary businesses in the stainless steel or related industries, both domestically and internationally. This consideration is to expand its product portfolio and strengthen its overall competitiveness. Such consolidation efforts could also enable Jindal Stainless to achieve economies of scale, improve bargaining power, and streamline its operations for greater efficiency.

Jindal Stainless Ltd's future dealings are centred around a multifaceted strategy aimed at solidifying its position as a leading player in the stainless steel industry. Through capacity expansion, product diversification, operational excellence, sustainability initiatives, global expansion, and potential mergers and acquisitions, the company is poised to capitalize on the growing demand for stainless steel products across various industries. As the company navigates the dynamic market landscape, its future dealings will play a critical role in shaping its long-term growth and cementing its status as a prominent global stainless steel manufacturer.