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.
Jindal Stainless Financial Highlights
- Revenue: Jindal Stainless reported revenue of ₹43,306.14 crore in FY26 vs ₹39,603.06 crore in FY25. It showed an increase of 9.35% on a yearly basis.
- Operating Profit: Jindal Stainless reported an operating profit of ₹4,242.07 crore in FY26 vs ₹3,338.96 crore in FY25. It showed an increase of 27.05% on a year-on-year basis.
- Net Profit: Jindal Stainless reported a net profit of ₹3,184.57 crore in FY26 vs ₹2,499.72 crore in FY25. It showed an increase of 27.40% on a yearly basis.
Jindal Stainless Quarterly Result Highlights
- Jindal Stainless reported revenue of ₹11,427.91 crore in Mar 2026, compared with ₹10,619.76 crore in Dec 2025, representing an increase of 7.61% on a quarter-on-quarter (QoQ) basis.
- Jindal Stainless reported an operating profit of ₹1,112.32 crore in Mar 2026, compared with ₹1,082.28 crore in Dec 2025, representing an increase of 2.78% on a quarter-on-quarter (QoQ) basis.
- Jindal Stainless reported a profit of ₹834.21 crore in Mar 2026, compared with ₹827.78 crore in Dec 2025, reflecting an increase of 0.78% on a QoQ basis.
- The earnings per share (EPS) of Jindal Stainless stood at ₹30.42 during Mar 2026.
