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Jindal Stainless
SectorMetals & Mining
Jindal Stainless Limited is India's leading stainless steel producer with an integrated melting capacity of 1.1 MTPA, scalable to 3.2 MTPA. The company manufactures stainless steel flat products in Austenitic, Ferritic, Martensitic, and Duplex grades. Its product range includes Ferro Alloys, Stainless Steel Slabs, Hot Rolled Coils, Plates and Sheets, Cold Rolled Coils and Sheets, and specialty products like precision strips and coin blanks. The company's manufacturing plants are located in Haryana, Andhra Pradesh, and Orissa. Jindal Stainless has undergone several expansions and acquisitions, including the acquisition of an Indonesian company and the establishment of a joint venture in Indonesia. The company has implemented a comprehensive Asset Monetization cum Business Reorganisation Plan, which involved demerger and slump sale of certain business undertakings. Jindal Stainless has also focused on developing new grades and variants for various applications, including lift and elevator segments, metro coaches, and railway foot-overbridges.
In the news
JSL Partners JFE Steel for Ferritic Stainless Steel Tech
Jindal Stainless expands coin blank capacity by 20%
Jindal Stainless invests ₹900 cr, declares 200% dividend
Jindal Stainless Sets Aug 21 Record Date for ₹3 Dividend
Jindal Stainless plans ₹40,000 cr Maharashtra facility amid Q1 earnings
ICICI Securities Upgrades Jindal Stainless to Buy; Target ₹875
Jindal Stainless Q1 FY27 Results: 8% Profit Growth Despite Production Disruptions
Goldman Sachs Sets ₹1,000 Target for Jindal Stainless Stock
Jindal Stainless supplies 40% steel for India's first hydrogen train
Jindal Stainless appoints Kunjal Mehta as new CFO
Jindal Stainless gains for fifth straight session, up 2.18%
Prabhudas Lilladher upgrades Jindal Stainless to BUY at ₹821 target
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Jindal Stainless guides 7-9% volume growth amid West Asia crisis
Jindal Stainless Q4 profit jumps 41% to ₹834 crore
Jindal Stainless Gets Buy Rating on Indonesia Expansion
Jindal Stainless commissions 1.2 MTPA Indonesia project
Steel sector faces LPG shortage as Balaji Amines halts plants
The Quarter story
The two most recent quarterly results, compared side-by-side.
Jindal Stainless maintains a strong balance sheet and steady operating revenue, but faces sharp earnings compression and demand softening in early FY27.
Long-term debt falls from ₹4,920 Cr in Q1 FY26 to ₹4,776 Cr in Q4 FY26 — steady deleveraging continues
EBITDA slips from ₹1,310 Cr in Q1 FY26 to ₹56 Cr in Q1 FY27 — margin compression intensifies
Net debt to EBITDA improves from 0.8x in Q1 FY26 to 0.53x in Q1 FY27 — debt coverage strengthens
PAT falls from ₹715 Cr in Q1 FY26 to ₹77 Cr in Q1 FY27 — earnings volatility spikes
Operating revenue grows from ₹10,207 Cr in Q1 FY26 to ₹10,826 Cr in Q4 FY26 — top-line stability holds
Ferrochrome prices climb from ₹100,550/MT in Q1 FY26 to ₹1,16,800/MT in Q4 FY26 — input costs pressure margins
Promoter stake rises from 61.1% in Q1 FY26 to 62.0% in Q1 FY27 — insider conviction deepens
Production volume drops from 626 MT in Q1 FY26 to 581 MT in Q1 FY27 — demand softens
Finance costs drop from ₹144 Cr in Q1 FY26 to ₹94 Cr in Q4 FY26 — interest burden eases
Short-term debt rises from ₹1,078 Cr in Q1 FY26 to ₹1,466 Cr in Q4 FY26 — liquidity tightens
Company insights, generated from the most recent coverage.
Signed Technical Assistance Agreement with Japan's JFE Steel to enhance ferritic stainless steel manufacturing quality and efficiency, signaling a strategic upgrade in capabilities.
Declared final dividend of ₹3 per share for FY25-26 and confirmed progress on 282 MW hybrid renewable energy project to reduce power costs.
Stock surged 5.7% to touch 52-week high of ₹783.20, driven by JFE deal news. However, RSI at 83 and Stoch RSI at 100 indicate extreme overbought conditions, raising risk of short-term consolidation.