Jindal Stainless Ltd has fixed August 21, 2026, as the record date to determine shareholders eligible for its proposed final dividend of ₹3 per equity share for the financial year ended March 31, 2026. According to the company's announcement, the dividend is subject to approval by shareholders at the upcoming Annual General Meeting (AGM). The proposed payout carries a face value of ₹2 per share, meaning the dividend is equivalent to 150% of the share's face value. As per the company's official announcement, the dividend amount is proposed at ₹3 per equity share, with each share having a face value of ₹2.
Investors whose names appear in the company's register of members or as beneficial owners in depository records at the close of business on the record date will be eligible for the payout, subject to shareholder approval. The final dividend, if declared by shareholders at the Annual General Meeting, will be paid to beneficial owners as per the list provided by depositories (for shares held in electronic form) and members whose names appear in the Register of Members (for shares held in physical form) as on the record date. The payment will be subject to deduction of applicable tax at source (TDS) and will be paid within 30 days of the AGM. The designated record date is Friday, August 21, 2026, observed at the close of business hours. The intimation was filed with BSE and NSE on August 8, 2026 under Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Jindal Stainless shares recorded a 2.33% gain to trade at ₹742.00 on Wednesday, August 12, 2026, placing the stock among the notable gainers on the Nifty Midcap 150 index. As per Moneycontrol analysis, the stock has demonstrated a bullish outlook with analyst sentiment indicating positive momentum. The company's market capitalisation was around ₹60,550 crore. Over the past six months, the stock has declined 7.01%, falling ₹55.40. Its 52-week high stands at ₹884, while its 52-week low is ₹652.25.
The dividend announcement comes after a softer first quarter for the stainless steel maker. According to reports, Jindal Stainless reported a 7.8% year-on-year decline in consolidated net profit to ₹769 crore in Q1FY27, compared with ₹834 crore in the year-ago period. Revenue declined marginally by 0.5% to ₹11,278 crore from ₹11,337 crore a year earlier. The company reported an 8% decline in Q1 profit as EBITDA and margins weakened during the quarter.
On an annual basis, Jindal Stainless reported robust financial performance for FY2026. The company achieved consolidated revenue of ₹42,954.66 crore for the year ending March 2026, representing an increase of approximately 9.27% from ₹39,312.21 crore in the previous year. Net profit also rose significantly to ₹3,167.84 crore in March 2026, up approximately 24.55% from ₹2,543.42 crore in March 2025. The Earnings Per Share (EPS) for FY2026 was 38.76. Total liabilities increased to ₹40,703 crore from ₹36,158 crore, while total assets grew to the same level, indicating balanced growth. The company's Debt to Equity ratio stood at 0.37 for FY2026, showing a slight decrease from 0.38 in the previous year, indicating a stable leverage position.
