Jindal Stainless

Quick check

The five things to look at first. Open one for more.

• DebtLow debtIt owes ₹7,645 Cr against ₹21,253 Cr of shareholders' money (Sep 2026), 0.36 times.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 18% and profit rose 11% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters buyingThe promoters (founders or parent) own 63%, up from 61% in Sep 2025.
• ValuationNormal for this stockThe share trades at 17.2 times its yearly earnings (P/E), cheaper than 56% of the time in the last 5 years. Its usual P/E is about 9.

Jindal Stainless against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)17.2 against a typical 14.1: pricier than most peers (1st = cheapest).9th of 15
• Sales growth+18.2% against a typical +16.3% from a year earlier.7th of 14
• Profit growth+11.1% against a typical +25.7% from a year earlier.10th of 12
• Share price, 3 months−3.2% against a typical −8.5%.7th of 15
• Size₹ 56,394.1 Cr. market value against a typical ₹ 8,906.7 Cr. (1st = largest).4th of 14

Exchange filings and their impact on the company.

• 22 Oct 2026Outcome of Board MeetingLow impactPositivePrice −3.3% that day
  JSL approved Q2 FY27 results and merger of 4 wholly-owned subsidiaries with no change to consolidated scale.

  Jindal Stainless said its board on October 22, 2026 approved unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2026. The board also approved a scheme to merge four wholly-owned subsidiaries - Chromeni Steels, Rabirun Vinimay, JSL Super Steel and Jindal United Steel - into itself from April 1, 2027, subject to shareholder, creditor and NCLT approvals. As the merging entities are already fully owned and consolidated, this is a simplification exercise with no outside share issuance and only small cost savings expected.

  Full analysisFiling
• 16 Oct 2026AcquisitionLow impactPositivePrice −0.2% on 19 Oct
  Subsidiary takes small stake in 24 MW captive hybrid renewable SPV to cut power cost with negligible near-term earnings impact.

  Chromeni Steels, a wholly-owned subsidiary of Jindal Stainless, has acquired an equity stake in a special purpose vehicle set up with Oyster Renewable Energy. The SPV will develop a 24 MW hybrid renewable energy project to supply power to Chromeni's plant. The investment is very small versus Jindal Stainless' Rs 42,955 crore revenue and Rs 19,791 crore net worth, and is expected to marginally reduce power costs once operational.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Ratan Jindal

Executive Chairman of the Board, Managing Director

Tarun Kumar Khulbe

Chief Executive Officer, Whole Time Director

Kunjal Mehta

Chief Financial Officer

Jagmohan Sood

Chief Operating Officer, Whole Time Director

Navneet Raghuvanshi

Compliance Officer, Head - Legal and Company Secretary

Abhyuday Jindal

Managing Director, Executive Director