1. Jindal Stainless
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90% Buy

Jindal Stainless Share Price

JSL

₹749.60+₹2.50 (0.33%) TodayLast updated on 12 Dec, 2024 | 13:56 IST

Jindal Stainless Share Price Chart

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  • About Jindal Stainless
  • Fundamentals
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About Jindal Stainless

Jindal Stainless Financials

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Market cap
Market Cap Switch₹61,507 Crs
Open
₹747.20
Close
₹747.10
Circuit range
₹821.80 - ₹672.40
Day range
₹740.90 - ₹755.50
Year range
₹504.35 - ₹848.00
Volume
2,07,000
Avg. traded
₹748.91
Revenue (12m)
₹37,788 Crs
Jindal Stainless

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 Key indicators

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52 week high
₹848.00
52 week low
₹504.35
P/E ratio
25.1
P/B ratio
3.98
ROE
20.13%
ROCE
22.94%
Dividend yield
0.4%
Debt/Equity ratio
0.28
EPS
30.73

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Investment checklist: (4/6)
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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

90%

Hold

10%

Sell

0%

This analysis is based on the reviews of 10 experts in the last 7 days

Jindal Stainless Fundamentals

Jindal Stainless Financial Ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

11.34%

Net profit margin

6.52%

ROE

20.13%

ROA

9.44%

ROCE

22.94%

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Jindal Stainless Shareholder returns

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1 day
+0.06%
1 week
+1.78%
1 month
+5.96%
3 months
+1.83%
1 year
+37.28%
3 years
+331.60%
5 years
+1873.84%

Revenue statement

All values are in ₹ Crores (Cr)
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  • Revenue

  • Operating profit

  • Net profit

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Cash flow

All values are in ₹ Crores (Cr)
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  • Operating

  • Investing

  • Financing

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Balance sheet

All values are in ₹ Crores (Cr)
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Total assets

Total liabilities

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Jindal Stainless Share Price history

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DayOpenCloseChange %
Wed, Dec 11 2024
₹745.50
₹747.10
+0.06%
Tue, Dec 10 2024
₹746.80
₹746.65
-0.05%
Mon, Dec 9 2024
₹743.95
₹747.05
+0.73%
Fri, Dec 6 2024
₹723.00
₹741.60
+1.75%
Thu, Dec 5 2024
₹735.00
₹728.85
-0.70%
Wed, Dec 4 2024
₹719.65
₹734.00
+2.51%
Tue, Dec 3 2024
₹695.00
₹716.05
+3.51%
Mon, Dec 2 2024
₹679.40
₹691.75
+1.25%

Jindal Stainless Shareholding Pattern

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Promoters (60.49%)

Mutual Funds (3.65%)

Retail and other (10.86%)

Foreign institutions-FII (22.78%)

Other domestic institutions (2.21%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹1/share

    Ex date 27 Oct 2023

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  • Dividend • ₹1.5/share

    Ex date 15 Sep 2023

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  • Dividend • ₹1/share

    Ex date 28 Apr 2023

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  • Dividend • ₹2/share

    Ex date

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FAQs on Jindal Stainless

What is the Jindal Stainless share price today?

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Jindal Stainless share price is ₹ 749.60 today.

What is today’s high & low share price of Jindal Stainless?

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Jindal Stainless share price high: ₹ 755.50 and low: ₹ 740.90

What is the Jindal Stainless share price high and low in the last 52 weeks on the NSE?

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52 Week share High Price is ₹ 848.00 and Low Price is ₹ 504.35

What is the Jindal Stainless Stock Symbol?

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The Jindal Stainless Stock symbol is JSL.

Can I buy Jindal Stainless shares on Holidays?

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No, shares of Jindal Stainless or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed. You can only buy or sell Jindal Stainless shares on days when the stock exchanges are open for trading. It's important to check the NSE & BSE holidays calendar, before placing any trades to avoid any inconvenience.