Jindal Stainless Share Price

Jindal Stainless Limited (JSL) is India’s largest stainless steel producer. The company is also a leading player in the stainless steel sector globally.

The company, founded by OP Jindal in 1970, deals in all kinds of stainless steel products, like stainless steel slabs, blooms, coils, plates, sheets, precision strips, blade steel, coin blanks and ferro alloys.

The company, founded as Jindal Strips Limited, started its operations with a mini steel plant in Hisar, Haryana. This steel plant laid the foundation for Jindal Stainless Limited and the diversified conglomerate OP Jindal Group.

In 1978, OP Jindal and PR Jindal introduced the Argon-Oxygen Decarburisation technique in India. This led to manufacturing India’s first indigenously produced stainless steel. The company has been deploying innovative and cost effective methods to meet all the global standards in stainless steel manufacturing.

In 1986, the company launched its initial public offering (IPO). The same year, JSL also acquired a steel manufacturing unit from Piramal Steels Limited, which became a part of JSW Steel Limited later.

In 1991, JSL tapped one of the biggest markets of stainless steel razor blades and became the sole manufacturer in India. In 2002, Jindal Strips underwent a restructuring and it was finally renamed as Jindal Stainless Limited. In 2004, the company also set up a 32 lakh tonnes stainless steel project in Odisha. In 2011, the company was selected to supply stainless steel to the prestigious International Thermonuclear Experimental Reactor.

In 2023, the Company acquired Rathi Super Steel and Jindal United Steel Limited. The Collaboration Agreement with New Yaking Pte Ltd made JSL the first Indian steel producer to invest in Nickel Pig Iron abroad (Indonesia).

Jindal Stainless Limited’s market capitalisation stood at over ₹50,000 crore as of January 12, 2024. JSL share price has surged nearly 600% in the last three years.

JSL business operations

JSL currently operates in 15 countries globally and has one of the largest stainless steel supply chain networks. The company exports its steel products to more than 50 countries. Over the years, the company has become a cost-effective, innovative, and indigenous stainless steel manufacturer. The company uses cutting-edge technology to reduce wastage and improve the quality of its products.

JSL has two stainless steel plants in India, one in Haryana and another in Odisha. The overseas unit in Indonesia serves as a manufacturing hub for the Southeast Asian market. The company also operates one service centre for global customers in Spain. In India, the company works with 10 sales offices and six service centres.

The company manages its operations through its multiple subsidiaries. Jindal Stainless Limited’s subsidiaries include Jindal Stainless Steelway Limited, Jindal Lifestyle Limited, Jindal United Steel Limited, Rathi Super Steel Limited, Jindal Stainless Park Limited and Iberjindal, S.L.

Financial highlights

The company’s consolidated revenue in FY23 stood at ₹35,697crore compared to ₹32,732.65 crore in FY22. Profit after tax (PAT) dropped nearly 50% year-on-year to ₹2,083.83 crore in FY23 as against ₹3,109.39 crore in FY22. Its EBITDA (earnings before interest tax derpeciation and amortisation) dropped 42% to ₹3,586 crore in FY23 compared to ₹5,090.48 crore in FY22. The EBITDA margin dropped to 10.2% in FY23 as against 14.6% in FY22. The company made a capital expenditure of ₹15,690 crore in FY23 compared to ₹13,408 crore in FY22. The company’s earnings per share (EPS) stood at ₹25.68 in FY23 as against ₹38.70 in FY22.

Jindal Stainless Share Price Today

As of 25 May 2026, Jindal Stainless share price is ₹731.90. The stock opened at ₹739.50, compared to its previous close of ₹736.65. During today's trading session, Jindal Stainless share price moved in the range of ₹729.00 to ₹743.55, with an average price of ₹736.27 for the day. Looking at its last 52-week, the stock has touched a low of ₹729.00 and a high of ₹743.55. On the performance front, Jindal Stainless share price has declined by 1.96% over the last six months and is up 12.63% on a year-on-year basis.

The market capitalization of Jindal Stainless is ₹60,698 Crs, with a P/E ratio of 19.1 and a dividend yield of 0.54%.