āagman

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

Jindal Stainless Ltd

NSE: JSL
₹724.65
+₹10.60 (+1.48%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹58,455 Cr
CMP
₹724.65
52-wk High / Low
₹884 / 652
P/E
17.8
P/B
3.0
Book Value
₹240.0
Div Yield
0.56%
ROCE
19.0%
ROE
17.7%
Face Value
₹2
D/E
0.38

Price−6.2% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹457
√(22.5 × EPS × book value per share)
ROIC
12.2%
vs 10.6% sector median
Cash flow to profit
1.07
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−91
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
15.9%
ROE × earnings retention ratio
ROE stability
6.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.50FII −0.80DII +0.58
Latest quarter vs the previous one
Cash-accrual divergence
−0.6%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 18% vs the 2025 sector median of 16.5%)
+Borrowings are down 27.9% since FY2016 (10347 to 7460)
+Promoter holding rose by 4.6pp over the last year
+PE of 17.8x is below the sector median of 19.8x
Watch-outs
−Price trades below its 200-day moving average (1.0x)

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
Sales10,1849,7979,1279,4549,4309,7779,90710,19810,20710,89310,51811,33711,279
Expenses8,9928,5667,8818,4198,2198,5908,7149,1658,9119,5199,1109,8829,949
Operating Profit1,1921,2311,2461,0351,2101,1861,1931,0331,2961,3741,4081,4551,329
OPM %11.7%12.6%13.7%10.9%12.8%12.1%12.0%10.1%12.7%12.6%13.4%12.8%11.8%
Other Income76140525351479987691077784153
Interest100156146153143159161150144141134149146
Depreciation188222236233232241242241252262269278302
Profit before tax9819939177028868348907299691,0781,0821,1121,034
Net Profit738764691501646609654590715808828834769
EPS (₹)9.069.408.416.087.877.427.957.178.679.7910.0510.239.33

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
Sales6,9337,1449,27911,63813,55712,95112,18832,73335,69738,56239,31242,95544,026
Expenses6,5646,5718,11310,29412,39211,81910,76427,64232,11134,05234,84437,47338,460
Operating Profit3685731,1661,3431,1651,1321,4245,0903,5864,5114,4695,4825,566
OPM %5.3%8.0%12.6%11.5%8.6%8.7%11.7%15.6%10.0%11.7%11.4%12.8%12.6%
Other Income1,238−1463624544148171236515438388421
Interest9421,030788566637586480344325554612568570
Depreciation4113163253203524254037597248799561,0601,111
Profit before tax253−7881165202221656904,1592,7743,5923,3394,2424,307
Net Profit253−55683346145734193,1092,0842,6932,5003,1853,239
EPS (₹)11.17−24.052.047.162.971.468.6058.5925.6832.9530.4138.7439.40

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital45468096969797105165165165165—
Reserves−2141,6661,7342,3692,4952,6203,1089,71811,76614,19316,52319,626—
Borrowings11,28910,3475,8885,0154,3883,9033,2304,0073,9586,0526,4027,460—
Other Liabilities2,8982,7983,2083,3543,7364,0574,3008,74611,22610,35512,82713,189—
Total Liabilities14,01814,85810,90910,83410,71510,67810,73522,57627,11530,76535,91740,441—
Fixed Assets7,5526,8636,6096,3426,3456,1815,8558,6469,96113,25414,80018,217—
CWIP14470291442915585257731,1121,7831,806—
Investments143934044394544494566269701,2461,6461,547—
Other Assets6,3087,5323,8683,9093,8874,0334,36512,77915,41115,15217,68818,871—
Total Assets14,01814,85810,90910,83410,71510,67810,73522,57627,11530,76535,91740,441—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity9585549665,1151,4521,4191,1801,3081,0383,0964,8184,7183,395
Cash from Investing Activity−136−11,053−30−194−192−186−152−985−2,480−3,229−3,433−3,500
Cash from Financing Activity−891−580−1,972−5,106−1,257−1,237−991−1,119101−386−829−1,882−112
Net Cash Flow−69−2847−211−11437154229760−597−217

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %3.00.02.09.014.012.011.016.044.021.022.018.019.0
ROE %————————————17.7
EPS (₹)−63.5211.17−24.052.047.162.971.468.6058.5925.6832.9530.4138.74
Book Value (₹)————————————240.0
Face Value (₹)————————————2
P/E————————————17.8
Div Yield %————————————0.56
NPM %−10.73.1−7.80.93.01.10.63.49.45.86.96.37.3
OPM %8.05.08.013.012.09.09.012.016.010.012.011.013.0
D/E202.15—6.043.252.031.691.441.010.410.330.420.380.38
P/B————————————3.0

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+20.0%
5 years+29.0%
3 years+6.0%
TTM+10.0%
Compounded profit growth
10 years+23.0%
5 years+55.0%
3 years+15.0%
TTM+28.0%
Stock price CAGR
10 years+38.0%
5 years+34.0%
3 years+15.0%
Last year−8.0%
Return on equity
10 years19.0%
5 years21.0%
3 years18.0%
Last year18.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters75.00%75.00%75.00%66.52%67.01%68.11%68.12%69.87%57.95%60.49%60.87%62.04%62.54%
FIIs12.49%12.49%12.49%11.16%10.96%12.59%13.21%15.10%21.92%20.83%21.37%20.87%20.07%
DIIs1.83%1.83%1.83%12.75%9.30%7.89%7.32%6.31%6.15%6.62%6.91%7.15%7.73%
Government—————————————
Public10.68%10.68%10.68%9.56%12.73%11.41%11.35%8.72%13.99%12.06%10.80%9.88%9.61%
No. of shareholders46,41246,41246,41249,30361,90960,28073,5781,10,2681,46,5811,87,7262,22,5692,07,6132,03,646
Change since Jun 2023 (pp)
Promoters −12.46FIIs +7.58DIIs +5.90Public −1.07

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Press Release / Media Release
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026RecordingJan 2026PPTNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 21 Aug 2026
21 Aug 2026DIVIDENDDividend - Rs 3 Per Share—
29 Jan 2026DIVIDENDInterim Dividend - Re 1 Per Share—
22 Aug 2025DIVIDENDDividend - Rs 2 Per Share—
7 Feb 2025DIVIDENDInterim Dividend - Re 1 Per Share—
30 Aug 2024DIVIDENDDividend - Rs 2 Per Share—
27 Oct 2023DIVIDENDInterim Dividend - Re 1 Per Share—
15 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Rs 1.50 Per Share—
28 Apr 2023DIVIDENDSpecial Interim Dividend - Re 1 Per Share—
19 Nov 2015DEMERGER Composite Scheme Of Arrangement—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman