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Jindal Stainless Ltd (JSL)

₹707.650.55%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Jindal Stainless Ltd share Performance

  • ₹705
    ₹722.4
    ₹707.65
    downward going graph

    0.37%

    Low

    Day's Volatility:2.46%

    High

    2.08%

    downward going graph
  • ₹276.1
    ₹748
    ₹707.65
    downward going graph

    60.98%

    Low

    52 Weeks Volatility:66.69%

    High

    5.70%

    downward going graph
1 Month Return+ 0.65 %
3 Month Return+ 9.41 %
1 Year Return+ 151.61 %
Previous Close₹711.55
Open₹715.15
Volume24.00L
Upper Circuit-
Lower Circuit-
Market Cap₹58,591.49Cr

Analyst Rating

based on 8 analysts

BUY
75.00%
Buy
25.00%
Hold
0.00%
Sell

Based on 8 analysts offering long term price targets for Jindal Stainless Ltd. An average target of ₹762.12

Source: S&P Global Market Intelligence

Company Information

Jindal Stainless Limited, formerly known as Jindal Ceramics Limited, is India's leading stainless steel producing company. It has integrated melting capacities up to 3.2 MTPA and manufactures and sells a broad range of stainless steel flat products. Jindal Stainless operations span across four Indian states and multiple international markets. It has acquired an Indonesian subsidiary, PT Maspion Stainless Steel in 2004 and has entered technical assistance with Nisshin Company Ltd, Japan in 2005. The company also reorganized its business of Jindal Strips Limited, as well as amalgamating two businesses, Austenitic Creations Pvt. Ltd and Jinox Creations Ltd. In 2012 it joined the Corporate Debt Restructuring mechanism and raised Rs. 1000 Cr in 2014. Through the Asset Monetization cum Business Reorganisation Plan of 2015, the company reduced debt by Rs.2600 Cr and Rs.2355 Cr from JUSL and Rs.490 Cr from JCL. Further, in 2017 it allotted 60570320 equity shares and 142830637 Optionally Convertible Redeemable Preference Shares on conversion of Funded Interest Term Loan I and Funded Interest Term Loan II amounting to Rs.2368299512 and Rs.5584677906.70 respectively. As of March 2021, it had 5 direct subsidiaries, and it has developed specialized grades for many new applications, such as Armour and ballistic applications along with nuclear submarine metro and railways, and automobile.

Share Price: ₹707.65 per share as on 30 May, 2024 04:01 PM
Market Capitalisation: ₹58,591.49Cr as of today
Revenue: ₹9,454.02Cr as on March 2024 (Q1 24)
Net Profit: ₹500.65Cr as on March 2024 (Q1 24)
Listing date: 18 Nov, 2003
Chairperson Name: Ratan Jindal
OrganisationJindal Stainless Ltd
HeadquartersNew Delhi
IndustrySteel
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Key events for Jindal Stainless Ltd

  • Jindal Stainless Plans Capex of Rs 4,700 Crore for FY25 - 26 May, 2024

    Jindal Stainless has earmarked a capex of Rs 4,700 crore for FY25, with most of it going towards expansion plans. The company's Q4 net profit fell by 30% to Rs 501 crore due to negative inventory valuation caused by falling nickel prices.

  • Jindal Stainless Ltd Up 1.44% on NSE - 24 May, 2024

    Jindal Stainless Ltd is trading at Rs 723.85, up 1.44% on the day and has gained 150.77% in the last year compared to a 25.43% spurt in NIFTY and a 70.37% spurt in the Nifty Metal index. The stock's PE ratio based on TTM earnings ending March 24 is 23.45.

  • Private Companies Hold Majority Stake in Jindal Stainless - 23 May, 2024

    Private companies hold a 55% stake in Jindal Stainless, with the top 7 shareholders owning 53%. Institutional investors also have a fair amount of stake, indicating credibility. The general public owns 17%, giving them some power to influence management decisions.

  • Jindal Stainless Reports Decline in Q4FY24 Net Profit Amid Weak International Demand - 16 May, 2024

    Jindal Stainless Ltd.'s Q4FY24 net profit declined by up to 34.6% YoY due to weak international demand, falling nickel prices, and rising shipping costs. The company's shares also fell by 8.47%. However, the full fiscal year ending March 2024 saw an increase in consolidated revenue, EBITDA, and profit after tax. The company has earmarked a capex of Rs 4,700 crore for FY25, which would be used for expansion plans.

  • Jindal Stainless Plans Capex & Sales Growth Amid Dip in Q4 Profit - 15 May, 2024

    Jindal Stainless Ltd plans to spend over Rs 5,000 crore on capex this year and targets a 20% growth in sales volume. However, the company reported a dip of 34.6% YoY in Q4 net profit to Rs 500.7 crore, while revenue from operations fell 3.2% to Rs 9,454 crore.

  • Jindal Stainless Supplies Steel for India's First Vande Metro Train - 14 May, 2024

    Jindal Stainless has supplied tempered 201LN grade high-strength stainless steel for India's first Vande Metro train, reducing carbon footprint and providing best-in-class safety to passengers. Shares of Jindal Stainless closed 4.4% higher at ₹710 apiece on the NSE.

  • Jindal Stainless Ltd Falls for Fifth Straight Session - 09 May, 2024

    Jindal Stainless Ltd's stock has fallen by 1.5% to Rs 683.2 on the NSE, marking its fifth straight session of decline. The company has eased around 2.18% in the last month and is currently trading at a PE ratio of 21.05 based on TTM earnings ending December 23.

  • Jindal Stainless Supplies Special Alloy Steel Sheets for Navy's SMART System - 08 May, 2024

    Jindal Stainless has supplied 3mm special alloy steel sheets for the Supersonic Missile-Assisted Release of Torpedo (SMART) system, enhancing the Navys anti-submarine warfare capabilities. The company has developed and supplied material for key projects under DRDO and ISRO in the past. Jindal Stainless had an annual turnover of ₹35,700 crore in FY23 and has seven manufacturing facilities worldwide. Shares have gained over 22% since the beginning of the year and risen over 142% in the last one year.

  • Jindal Stainless Develops & Supplies Alloy Steel Sheets for SMART System - 07 May, 2024

    Jindal Stainless has developed and supplied specialised grade sheets for structural application in the Supersonic Missile-Assisted Release of Torpedo (SMART) system to enhance the Navys anti-submarine warfare capabilities. However, Jindal Stainless Ltd's shares dropped by 2.89% on the BSE.

  • Jindal Stainless Announces Rs 5,400 Crore Investment Plan - 02 May, 2024

    Jindal Stainless plans to become a global leader in stainless steel through a three-pronged investment strategy worth Rs 5,400 crore, including downstream capacity expansion, acquisition of Chromeni Steels, and joint venture for SMS development in Indonesia.

  • Jindal Stainless Announces Major Expansion Plans - 01 May, 2024

    Jindal Stainless plans to invest nearly Rs 5,400 crore in a three-pronged investment strategy for its melting and downstream capacities. The company will enter into a joint venture in Indonesia for developing and operating a stainless steel melt shop with an annual production capacity of 1.2 MTPA. Additionally, the company will acquire a 54% stake in Chromeni Steels Private Limited and expand its downstream lines in Jajpur, Odisha.

  • Jindal Stainless Ltd Rises 1.3% Amidst S&P BSE Metal Index Surge - 29 Apr, 2024

    Jindal Stainless Ltd rose 1.3% to trade at Rs 710.1 amidst a surge in the S&P BSE Metal index, which is up 12.54% over the last month and went up 57.6% over the last year compared to the benchmark SENSEX's 21.06% surge. The stock hit a record high of Rs 747.9 on April 24, 2024, and a 52-week low of Rs 270.55 on May 15, 2023.

Fundamentals of Jindal Stainless Ltd

Insights on Jindal Stainless Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, JSL stock has moved up by 668.4%

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 3.06% to 4.23% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, JSL has outperformed top 5 stocks with highest market-cap in Iron & Steel

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, JSL has outperformed top 5 stocks with highest market-cap in Iron & Steel

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 9.17K Cr → 9.50K Cr (in ₹), with an average increase of 3.5% per quarter

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 58.69% to 60.49% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 22.56% to 20.83% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 774.33 Cr → 500.74 Cr (in ₹), with an average decrease of 19.1% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 12.95% to 12.05% in Mar 2024 quarter

Jindal Stainless Ltd Valuation

Jindal Stainless Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-73.53x)

December 29, 2020

Today (21.59x)

May 29, 2024

Industry (27.28x)

May 29, 2024

Highest (70.34x)

January 12, 2021

LowHigh

Mutual Fund Holdings

Funds Holdings
HSBC Value Fund Direct Plan Growth OptionHSBC Value Fund Direct Plan Growth Option3.98%
ICICI Prudential MidCap Fund Direct Plan GrowthICICI Prudential MidCap Fund Direct Plan Growth3.51%
ICICI Prudential Commodities Fund Direct GrowthICICI Prudential Commodities Fund Direct Growth8.45%
HSBC Midcap Fund Direct Plan GrowthHSBC Midcap Fund Direct Plan Growth1.81%
UTI Large cap Fund Growth Option - DirectUTI Large cap Fund Growth Option - Direct1%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
60.49%
0.00
Foreign Institutions
20.83%
0.00
Mutual Funds
4.23%
0.00
Retail Investors
12.05%
0.00
Others
2.4%
0.00

Technicals of Jindal Stainless Ltd share

News & Events of Jindal Stainless Ltd

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Jindal Stainless Ltd (JSL) share price today is ₹707.65

Jindal Stainless Ltd is listed on NSE

Jindal Stainless Ltd is listed on BSE

  • Today’s highest price of Jindal Stainless Ltd is ₹722.4.
  • Today’s lowest price of Jindal Stainless Ltd is ₹705.

PE Ratio of Jindal Stainless Ltd is 21.59

PE ratio = Jindal Stainless Ltd Market price per share / Jindal Stainless Ltd Earnings per share

Today’s traded volume of Jindal Stainless Ltd(JSL) is 24.00L.

Today’s market capitalisation of Jindal Stainless Ltd(JSL) is ₹58591.49Cr.

Jindal Stainless Ltd(JSLPrice
52 Week High
₹748
52 Week Low
₹276.1

Jindal Stainless Ltd(JSL) share price is ₹707.65. It is down -5.39% from its 52 Week High price of ₹748

Jindal Stainless Ltd(JSL) share price is ₹707.65. It is up 156.30% from its 52 Week Low price of ₹276.1

Jindal Stainless Ltd(JSLReturns
1 Day Returns
-3.9%
1 Month Returns
0.65%
3 Month Returns
9.41%
1 Year Returns
151.61%