Jindal Steel has announced a 200% final dividend for financial year 2025-26, with the board approving a ₹2 per share payout for every equity share with a face value of Re 1 each. The company has fixed August 21 as the record date for determining entitlement to receive this dividend. As per Goodreturns, investors must own the stock on or before this record date to become eligible for the payout. The stock closed 0.51% higher at ₹1,100 per share on Friday, August 14, with a market capitalisation of ₹1,12,209.69 crore.
Jindal Stainless is investing ₹900 crore to increase its cold rolling capacity to meet rising demand from automotive, appliances, and food processing sectors. According to reports from Business Standard, the investment will increase the company's cold rolling capacity from 2.05 MTPA to 2.67 MTPA by FY28. The expansion involves facilities across Hisar and Kharagpur, along with new hot rolled annealing, pickling, and cold rolling facilities at Jajpur.
The cold rolling process shapes and compresses steel without heat, enhancing structural strength and delivering smooth, high-quality surface finishes essential for high-precision applications. As reported by Business Standard, Jindal Stainless's MD Abhyuday Jindal stated that the investment will support a higher-value mix for automotive, appliances, food processing, and industrial applications. The company is also making significant investments to build up its downstream capabilities beyond upstream operations.
Regarding the proposed ₹40,000-crore stainless steel manufacturing facility in Maharashtra, Jindal Stainless is in the process of identifying a suitable site. According to Business Standard, the proposed facility will improve logistics efficiency, support import substitution, and serve high-growth strategic sectors including hydrogen, nuclear energy, defence, mobility, infrastructure, and process industries. The facility will produce specialized grades of steel for critical applications in these emerging sectors.
During FY26, renewable sources accounted for nearly 47% of total electricity consumption across the company's Hisar and Jajpur facilities, as reported by Business Standard. The company maintained approximately 70% recycled scrap utilization in its electric arc furnace-based manufacturing process and continues progressing toward reducing Scope 1 and Scope 2 emissions by 50% by 2035 and achieving net zero by 2050. In FY26, consolidated revenue stood at ₹42,955 crore, while EBITDA increased 19.2% year-on-year to ₹5,560 crore and profit after tax grew 27.4% to ₹3,185 crore. PL Capital maintains a 'Buy' rating with a target price of ₹1,298 per share, expecting EBITDA CAGR of over 40% over the low base of FY26.
Finished goods sales volume reached a record 2.57 million tonnes during FY26, while the company maintained a strong balance sheet with a net debt-to-equity ratio of 0.15x, providing financial flexibility to support future growth investments. The stock has shown strong performance with a 5.72% monthly gain and approximately 3% growth in 2026 so far, as reported by Goodreturns. The stock touched its fresh 52-week high of ₹1,306 per share on April 21, 2026, while maintaining a return on equity of 5.23%.
