Jindal Stainless share price today

Jindal Stainless Ltd's share price was ₹674.25 at the close on 30 October 2026. It has been moving sideways for 9 weeks. That is 7.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹662 and ₹855, and at that close it sat 6% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Jindal Stainless Ltd is in stage 1. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 1 week running.

Over the last 11 years the share price moved +3,525% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 8 quarters in a row, profit up on a year earlier for 7 quarters in a row and highest quarterly profit in 16 quarters.

1. Revenue up on a year earlier for 8 quarters in a row

   In the September 2026 quarter revenue was ₹12,874 crore, +18.2% on a year earlier.

   Why: Revenue rose because new export markets helped replace lost European sales.

   Next results: check deliveries and product mix to see if output recovery supports the new full-year volume plan.

   From the earnings call on 23 Oct 2026.

2. Profit up on a year earlier for 7 quarters in a row

   In the September 2026 quarter profit was ₹898 crore, +11.1% on a year earlier.

   Why: Profit rose because stable gas and a richer mix of higher-value stainless products helped.

   Next results: check if gas prices stay stable, because a sharp move could squeeze margins.

   From the earnings call on 23 Oct 2026.

3. Highest quarterly profit in 16 quarters

   Profit of ₹898 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Profit hit a new high because stable gas and a richer mix of higher-value stainless products helped.

   Next results: check whether the higher-value product mix holds up.

   From the earnings call on 23 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Jindal Stainless reported revenue of ₹12,874 crore, up 18.2% from ₹10,893 crore a year earlier, and a profit of ₹898 crore, up 11.1% from ₹808 crore.

Jindal Stainless results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Jindal Stainless' management discussed these results on a call held on 23 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Jindal Stainless closed at ₹674.25 on 30 October 2026, down 10.5% from ₹753.70 a year earlier (31 October 2025) and up 251.6% over five years. Its highest weekly close since March 2016 was ₹855.40 on 2 January 2026.

Jindal Stainless share price: then and now

Weekly closing prices. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 30 October 2026.

30 Oct 2026: Jindal Stainless closed at ₹674.25, down 2.1% on the week and down 7.9% on the month. 23 Oct 2026: Jindal Stainless held its results call for July to September 2026. Management guided: FY27 volume growth 4-6%, revised from 7-9%.

Earlier

• Results for July to September 2026: Revenue up 18.2% and profit up 11.1% on a year earlier.
• 21 Aug 2026: ex-date for a dividend of ₹3 a share.
• 29 Jan 2026: ex-date for an interim dividend of ₹1 a share.

Jindal Stainless paid ₹4 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 0.59% at the ₹674.25 close on 30 October 2026. The last was a dividend of ₹3 a share, ex-date 21 August 2026.

Jindal Stainless dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Jindal Stainless Ltd paid out 10% of its profit as dividends in FY26, and it paid a dividend in 4 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 23 October 2026, Jindal Stainless' management guided: FY27 volume growth 4-6%, revised from 7-9%.

“We are very clear about those volumes and the capability required for those volumes. We are building that capability and will reach those numbers. - Tarun Kumar Kulbe”CEO, on the call for July to September 2026

What management guided

• FY27 operating profit per ton ₹20,000 to ₹22,000, up from ₹18,000 to ₹20,000.
• FY27 capital spending ₹2,400 crore to ₹2,600 crore and net debt ₹2,500 crore to ₹2,800 crore.
• Consolidated sales volume of 3.5 million tons per annum by FY29.
• Project milestones: HAPL commissioning by end-2026 or early-2027; Maharashtra land resolution may need one or two quarters before plans are clear.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 23 October 2026.

When Jindal Stainless reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Quarterly deliveries and product mix - check whether output recovery supports the revised FY27 path.

Jindal Stainless is on 3 of our India lists: 52 week high & low, Small & mid cap stocks and Copper & metal stocks.

Jindal Stainless Ltd earned ₹898 Cr of net profit in the Sep 2026 quarter, +11.1% on the same quarter a year earlier. That is the 7th quarter in a row of profit growth. Full-year FY26 profit was ₹3,185 Cr. That is 7.0% of the quarter's revenue. The same quarter a year earlier earned ₹808 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹3,185 Cr (+27.4% on the year before).

Why profit moved: revenue changed +18.2% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +21.7% and revenue +11.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Jindal Stainless Ltd reported ₹12,874 Cr of revenue in the Sep 2026 quarter, +18.2% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 10 years it has grown 19.6% a year on average. The last full year, FY26, came in at ₹42,955 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹46,008 Cr.

FY26 revenue was ₹42,955 Cr, +9.3% on the year before.

Recent pace: the last four quarters grew +11.5% on average, against 19.6% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +11.7%, against +10.3% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +20.3%, against +16.6% a year (accelerating).

Jindal Stainless Ltd's operating margin was 11.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 5.0% and 16.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.6 percentage points on the year while gross margin changed −3.8 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 154% of Jindal Stainless Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹3,395 Cr of operating cash against ₹3,185 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹4,500 Cr of spending on assets, free cash was −₹1,105 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 154% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 4.2× depreciation over three years. The next section checks what that spending is building.

Jindal Stainless Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 42 days in FY26, up from 35 days in FY21. It spent ₹12,184 Cr on assets over the last 3 years. Customers take 26 days to pay, and stock sits for 122 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹42,955 Cr, each day of that cycle ties up about ₹118 Cr, so roughly ₹4,943 Cr is tied up in the business at any time.

FY26: customers took 26 days to pay and stock sat for 122 days, about 4.0 months of sales sitting as stock, for a full cycle of 42 days, longer than FY21's 35.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 122 days. Customers pay about 26 days after that. Suppliers are paid at 106 days. Together that makes the 42-day cycle.

Spending on assets: ₹12,184 Cr over the last 3 years, against ₹2,895 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1,806 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Jindal Stainless Ltd's P/E is 16.8×, in the middle of its own history: higher than 47% of past readings. Its usual P/E (the middle reading) is 17.7×, over 9.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.