āagman

Not investment advice. Data and computed figures, for information only.

Jindal Steel Ltd

NSE: JINDALSTELF&O
₹1,030.00
+₹0.80 (+0.08%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹1,03,712 Cr
CMP
₹1,030.00
52-wk High / Low
₹1,306 / 977
P/E
33.6
P/B
2.0
Book Value
₹499.0
Div Yield
0.20%
ROCE
10.0%
ROE
8.2%
Face Value
₹1
D/E
0.44

Price+1.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹609
√(22.5 × EPS × book value per share)
ROIC
6.8%
vs 10.6% sector median
Cash flow to profit
2.14
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−727
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
7.7%
ROE × earnings retention ratio
ROE stability
4.8
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.35DII +0.38
Latest quarter vs the previous one
Cash-accrual divergence
−4.2%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 51.7% since FY2016 (46797 to 22610)
+Promoter holding rose by 1.5pp over the last year
Watch-outs
−Latest ROCE of 10% trails the sector median of 16%
−Price trades below its 200-day moving average (0.9x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales12,58812,25011,70113,48713,61811,21311,75113,18312,29411,68613,02716,21815,482
Expenses9,9609,9658,85911,04210,7799,0139,56710,9229,2899,60511,39813,28912,822
Operating Profit2,6282,2852,8432,4442,8392,2002,1842,2623,0062,0811,6292,9292,660
OPM %20.9%18.7%24.3%18.1%20.8%19.6%18.6%17.2%24.5%17.8%12.5%18.1%17.2%
Other Income55323535343526−1,1583022−45−55019
Interest329329315321332326313342297371406442548
Depreciation588604636995683696698691722750839862926
Profit before tax1,7671,3841,9271,1641,8591,2131,199722,0189823391,0741,205
Net Profit1,6921,3901,9289331,338860951−3041,4966351891,041844
EPS (₹)16.5413.6018.909.1713.148.449.32−3.3314.656.261.8710.248.28

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales19,35919,46921,60333,28646,96637,92334,57951,16653,21250,35449,76553,22556,413
Expenses13,91916,03216,89426,81738,55331,09221,47235,60743,27040,15340,27743,52147,114
Operating Profit5,4403,4374,7096,4698,4126,83113,10715,5599,94210,2029,4889,7049,299
OPM %28.1%17.7%21.8%19.4%17.9%18.0%37.9%30.4%18.7%20.3%19.1%18.2%16.5%
Other Income−1,644−79−362−584−1,47074−1,861−1,884−539156−1,065−603−554
Interest2,6063,2543,4413,8664,2643,7682,7531,8881,4461,2941,3121,5171,768
Depreciation2,7334,0683,9493,8835,4803,4292,4142,0972,6912,8222,7683,1713,376
Profit before tax−1,543−3,964−3,043−1,864−2,802−2916,0789,6905,2666,2414,3444,4133,600
Net Profit−1,452−3,087−2,538−1,616−2,412−4004,2676,7663,9745,9432,8463,3612,709
EPS (₹)−13.97−32.42−24.93−14.56−17.00−1.0735.6256.4031.1158.2127.5733.0126.65

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital9191929797102102101100100101102—
Reserves20,95132,34529,95930,28831,98832,03531,71335,52438,60644,21647,08450,797—
Borrowings42,46646,79745,85042,96239,55936,82429,91013,50213,04616,47218,40622,610—
Other Liabilities12,02813,16614,67415,88417,35720,78016,11627,51717,67417,88820,17524,126—
Total Liabilities75,53792,39890,57589,23089,00189,74277,84076,64469,42778,67685,76697,635—
Fixed Assets46,64365,03865,93268,45069,03969,38254,35045,48843,54248,38448,98964,102—
CWIP9,06811,8279,7164,9784,0273,1261,7122,5387,8709,61116,7258,372—
Investments1,7853923681461501811,1564709078192,2013,168—
Other Assets18,04015,14214,55915,65715,78417,05420,62428,14717,10819,86217,85121,993—
Total Assets75,53792,39890,57589,23089,00189,74277,84076,64469,42778,67685,76697,635—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,1824,3336,8507,7249,0278,81411,96116,0487,3476,00810,8247,204
Cash from Investing Activity−6,717−2,262−1,998−1,431−832−1,476−1,884−2,331−4,090−8,344−12,323−10,734
Cash from Financing Activity5,708−2,672−5,108−6,276−8,261−7,016−4,612−15,120−2,5001,3818092,803
Net Cash Flow173−601−25617−673225,465−1,403757−955−689−727

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %5.0−1.01.03.04.05.017.024.014.013.011.010.0
ROE %———————————8.2
EPS (₹)−13.97−32.42−24.93−14.56−17.00−1.0735.6256.4031.1158.2127.5733.01
Book Value (₹)———————————499.0
Face Value (₹)———————————1
P/E———————————33.6
Div Yield %———————————0.20
NPM %−8.2−15.9−11.9−4.9−5.3−1.113.013.77.511.85.86.4
OPM %28.018.022.019.018.018.038.030.019.020.019.018.0
D/E2.021.441.531.411.231.150.940.380.340.370.390.44
P/B———————————2.0

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+11.0%
5 years+9.0%
3 years+0.0%
TTM+16.0%
Compounded profit growth
10 years+13.0%
5 years+1.0%
3 years+1.0%
TTM−19.0%
Stock price CAGR
10 years+29.0%
5 years+19.0%
3 years+14.0%
Last year+0.0%
Return on equity
10 years6.0%
5 years11.0%
3 years10.0%
Last year8.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters61.89%61.89%58.66%58.69%60.48%60.47%60.45%61.21%61.21%62.22%62.71%62.71%
FIIs15.22%15.22%19.23%17.09%13.40%10.99%9.70%13.42%11.93%9.59%9.19%8.84%
DIIs4.35%4.35%9.42%9.17%11.92%16.49%17.34%13.90%14.73%17.72%19.14%19.52%
Government0.00%0.00%0.37%0.42%0.43%0.43%0.00%0.00%0.00%0.00%0.00%0.00%
Public18.54%18.54%12.32%14.63%13.77%11.62%12.51%9.99%10.41%9.65%8.73%8.73%
No. of shareholders1,77,7621,77,7621,58,8831,64,7691,72,1861,76,1062,56,0462,35,4732,59,9913,05,2852,71,3332,76,544
Change since Jun 2023 (pp)
Promoters +0.82FIIs −6.38DIIs +15.17Public −9.81

Documents

As of 11 Oct 2026
Announcements
Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results Of The Company, Both On A Standalone And Consolidated Basis, For The Quarter And Half Year Ended September 30, 2026.Announcement under Regulation 30 (LODR)-Newspaper PublicationCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPTAug 2025Recording

Corporate actions

As of 21 Aug 2026
21 Aug 2026DIVIDENDDividend - Rs 2 Per Share—
22 Aug 2025DIVIDENDDividend - Rs 2 Per Share—
22 Aug 2024DIVIDENDDividend - Rs 2 Per Share—
18 Aug 2023DIVIDENDDividend - Rs 2 Per Sh—
20 Sep 2022DIVIDENDDividend - Rs 2 Per Share—
16 Mar 2022DIVIDENDInterim Dividend - Re 1 Per Share—
11 Jul 2014DIVIDENDAnnual General Meeting/Dividend Rs 1.50/- Per Share—
13 Sep 2013DIVIDENDAnnual General Meeting And Dividend Rs.1.60 Per Share—
10 Sep 2012DIVIDENDAnnual General Meeting And Dividend Rs.1.60 Per Share—
12 Sep 2011DIVIDENDDividend-Rs.1.50 Per Share—
13 Sep 2010DIVIDENDDividend-Rs.1.25 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman