Jindal Steel

Quick check

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

• DebtHigh safetyRated AA+ by 2 agencies.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 43% and profit rose 21% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 63% of the company, about the same as in Sep 2025.
• ValuationExpensive vs its pastThe share trades at 32.1 times its yearly earnings (P/E), pricier than 87% of the time in the last 5 years. Its usual P/E is about 16.

Jindal Steel 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)32.1 against a typical 14.1: pricier than most peers (1st = cheapest).14th of 15
• Sales growth+42.7% against a typical +16.3% from a year earlier.3rd of 14
• Profit growth+21.4% against a typical +25.7% from a year earlier.7th of 12
• Share price, 3 months−2.6% against a typical −8.5%.6th of 15

Exchange filings and their impact on the company.

• 23 Oct 2026Outcome of Board MeetingHigh impactPositivePrice −2% that day
  Record Q2 revenue and 27% volume growth plus new slurry pipeline and deleveraging lift 12-month outlook.

  Jindal Steel reported record Q2FY27 with gross revenue of Rs 19,448 crore on sales of 2.38 million tonnes, up 27% year-on-year and 6% quarter-on-quarter, with Adjusted EBITDA of Rs 2,504 crore and PAT of Rs 771 crore. Net debt fell to Rs 14,786 crore from Rs 15,927 crore in June, improving Net Debt to EBITDA to 1.51x, while quarterly capex was Rs 1,228 crore. The company also commissioned the 192 km 18 MTPA Barbil-Angul iron ore slurry pipeline to cut logistics costs and emissions, supporting higher volumes and profitability ahead.

  Full analysisFiling
• 15 Oct 2026General UpdatesLow impactPositivePrice +1.5% on 16 Oct
  Jindal Paradip Port starts 12.5 MTPA Phase-I early, securing long-term port access with limited equity exposure.

  Jindal Paradip Port, a subsidiary of Jindal Steel, started commercial operations of its 12.5 MTPA Phase-I at Paradip Port, Odisha on October 15, 2026 after receiving the completion certificate on October 12, ahead of the October 16 deadline. The Western Dock project is 25 MTPA in two phases costing Rs 3,393 crore, with Jindal Steel investing only Rs 258.25 crore in equity and the rest funded by debt. The port gives Jindal Steel dedicated long-term port access, which should lower logistics costs and support steel volumes, with only a small profit contribution in the next 12 months as volumes ramp up.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Sunil Kumar Agrawal

Interim Chief Financial Officer

Rahul Arora

Company Secretary and Compliance Officer

Damodar Mittal

Whole-Time Director

Debojyoti Roy

Whole-Time Director