# Jindal Stainless share price today (Jindal Stainless Ltd, NSE: JSL)

> Jindal Stainless share price today: ₹688.80 at the NSE close on 4 November 2026, down 5.9% in a year. Jindal Stainless (NSE: JSL) is worth ₹56,786 crore, trades at a P/E of 17.2 and has closed between ₹661.90 and ₹855.40 over the past 52 weeks. > Jindal Stainless Ltd's earnings have grown faster than its share price. Earnings per share grew +27.4% in a year while the price moved −5.9%. JSL · Stainless Steel · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/jindal-stainless-ltd

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## Key numbers

- Business trend: Getting better, from the last 12 quarters
- Price: ₹688.80 (−5.9% in a year)
- P/E: 17.2× (lower than 52% of the last 9.1 years)
- Revenue (Sep 2026): ₹12,874 Cr (+18.2% on a year ago)
- Profit (Sep 2026): ₹898 Cr (+11.1% on a year ago)
- Operating margin: 11.0% (−2.0 points on a year ago)
- ROCE: 19%, FY26
- ROIC: 13.2%, against a 12.0% cost of capital: +1.2 points

The main question: yearly earnings per share moved +27.4% while the share price moved −5.9%. ## What is the Jindal Stainless share price today? Jindal Stainless Ltd's share price was ₹688.80 at the close on 4 November 2026. It has been moving sideways for 9 weeks. That is 5.7% 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 14% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row. Over the last 11 years the share price moved +3,603% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. 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. ## What changed at Jindal Stainless this quarter? 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. ## What are Jindal Stainless' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹12,874 crore | ₹10,893 crore | +18.2% |
| Profit | ₹898 crore | ₹808 crore | +11.1% |
| Earnings per share | ₹10.85 | ₹9.79 | +10.8% |
| Operating margin | 11.0% | 13.0% | −2.0 points |

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.)

## What is the Jindal Stainless share price history? Jindal Stainless closed at ₹688.80 on 4 November 2026, down 5.9% from ₹731.75 a year earlier (7 November 2025) and up 257.1% over five years. Its highest weekly close since March 2016 was ₹855.40 on 2 January 2026. ### Jindal Stainless share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹674.25 | +2.2% |
| 1 month ago · 1 Oct 2026 | ₹732.40 | −6.0% |
| 6 months ago · 8 May 2026 | ₹754.80 | −8.7% |
| 1 year ago · 7 Nov 2025 | ₹731.75 | −5.9% |
| 3 years ago · 3 Nov 2023 | ₹443.55 | +55.3% |
| 5 years ago · 4 Nov 2021 | ₹192.90 | +257.1% |
| 10 years ago · 4 Nov 2016 | ₹37.50 | +1,736.8% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹18.60 | +3,603.2% |
| Highest weekly close since March 2016, also the 52-week high · 2 Jan 2026 | ₹855.40 | −19.5% |
| Lowest weekly close since March 2016 · 3 Jun 2016 | ₹14.90 | +4,522.8% |
| 52-week low (weekly close) · 10 Jun 2026 | ₹661.90 | +4.1% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on Jindal Stainless? 4 Nov 2026: Jindal Stainless closed at ₹688.80, up 2.2% on the week and down 6.0% 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. ## What dividend does Jindal Stainless pay? Jindal Stainless paid ₹4 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 0.58% at the ₹688.80 close on 4 November 2026. The last was a dividend of ₹3 a share, ex-date 21 August 2026. ### Jindal Stainless dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 21 Aug 2026 | ₹3 | Dividend | same day |
| 29 Jan 2026 | ₹1 | Interim | same day |
| 22 Aug 2025 | ₹2 | Dividend | same day |
| 7 Feb 2025 | ₹1 | Interim | 8 Feb 2025 |
| 30 Aug 2024 | ₹2 | Dividend | same day |
| 27 Oct 2023 | ₹1 | Interim | 28 Oct 2023 |
| 15 Sep 2023 | ₹1.50 | Dividend | n/a |
| 28 Apr 2023 | ₹1 | Special | same day |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 3 of 5 Of the last 5 financial years, years with an NSE dividend record

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.)

## What did Jindal Stainless management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/4475/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 23 October 2026.)

## What to watch in Jindal Stainless' next results? 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. - What to check (from the call)
- Quarterly deliveries and product mix - check whether output recovery supports the revised FY27 path. - HAPL and cold-rolling commissioning - verify that commissioning translates into output. - Maharashtra land progress - look for a clear project plan after the disclosed delay. - DGTR and QCO developments - check for action addressing substandard imports. ## Which stock lists is Jindal Stainless on? Jindal Stainless is on 3 of our India lists: 52 week high & low, Small & mid cap stocks and Copper & metal stocks. - [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Small & mid cap stocks Size rank in India: 178](https://www.sectoralpha.in/small-cap-stocks-india)
- [Copper & metal stocks Group on the list: Steel, stainless steel and ferro alloys](https://www.sectoralpha.in/copper-stocks-india)

## Is Jindal Stainless profitable? 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. 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. ## How much revenue does Jindal Stainless make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Jindal Stainless keep? 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. 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. ## Is Jindal Stainless' profit turning into cash? 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. 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. ## Where does Jindal Stainless' cash go? 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. 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. ## What is Jindal Stainless' P/E ratio, and how does it compare with its own history? Jindal Stainless Ltd's P/E is 17.2×, in the middle of its own history: higher than 48% 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. Why the multiple is where it is: over the past year earnings per share moved +27.4% while the price moved −5.9%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +29.0% a year; about +12.5% a year came from earnings growth and about +16.5 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Jindal Stainless business getting better or worse? Jindal Stainless Ltd's business is getting better. Profit growth hit its low 7 quarters ago at −10.4% and has recovered to +20.3%, with ROCE steady at 19.4%. This is based on 12 quarters of 4 measures. Why it matters: a lasting rise from a low is what this page is built to show. ## How much does Jindal Stainless earn on its capital? Jindal Stainless Ltd earned a ROCE of 19% in FY26. That is up from a low of 0% in FY15. Its return on capital used (ROIC) is 1.2 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 7.4% net margin and 1.06× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 7.4% net margin × 1.06× asset turnover × 2.04× leverage (assets divided by equity) ≈ 16.0% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 13.2% − 12.0% = +1.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Jindal Stainless have too much debt? Jindal Stainless Ltd has total debt of ₹7,645 Cr against shareholder equity of ₹21,280 Cr as of Sep 2026, so its debt is 0.36× its equity. Year by year, that ratio went from 0.41 in FY22 to 0.38 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Jindal Stainless shareholding pattern? Foreign institutions cut their stake in Jindal Stainless Ltd by 2.7 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 20.1% of the company. Promoters moved +2.1 points over the same period, to 62.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −2.7 points over 8 quarters, to 20.1%; Promoters: +2.1 points over 8 quarters, to 62.5%; Domestic institutions: +1.9 points over 8 quarters, to 7.7%. Why the owners changed: foreign institutions moved −2.7 points and domestic institutions +1.9 points over 8 quarters, while promoters moved +2.1 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Jindal Stainless from balance-sheet trouble? For Jindal Stainless Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Jindal Stainless rank in its industry? 48.3 out of 100, rank 3 of 4 in Stainless Steel, with 90% of the evidence available. Jindal Stainless Ltd scores 48.3 out of 100 against the 4 companies it is compared with in Stainless Steel, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 16.9 + 16.3 + 15 + 0.1 = 48.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Jindal Stainless compared with? Jindal Stainless ranks 3 of 4 Stainless Steel companies on the 4-Factor Sector Score, with 48.3 out of 100. 1. [Aeroflex Industries Ltd](https://www.sectoralpha.in/stocks/aeroflex-industries-ltd) AEROFLEX · breaking out · Most evidence points up · 97% evidence 67.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.2/35 · Revenue 54.8% · Profit 91.5% · Operating margin change 1 points · 100% evidence Capital efficiency 19.4/25 · ROCE 18.9% · Operating margin 24% · 100% evidence Valuation 2.0/20 · P/E 79.3× · PEG 3.86 · 85% evidence Relative strength 14.0/20 · Lead over its industry 23.9% · Lead over NIFTY 500 63.7% · 1 year 186.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 32.2 + 19.4 + 2 + 14 = 67.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Ratnaveer Precision Engineering Ltd](https://www.sectoralpha.in/stocks/ratnaveer-precision-engineering-ltd) RATNAVEER · leader · Evidence leans up · 97% evidence 63.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.3/35 · Revenue 20.9% · Profit 46.1% · Operating margin change -1 points · 100% evidence Capital efficiency 9.8/25 · ROCE 12.3% · Operating margin 9% · 100% evidence Valuation 12.0/20 · P/E 39.6× · PEG 0.35 · 85% evidence Relative strength 20.0/20 · Lead over its industry 43.2% · Lead over NIFTY 500 93.5% · 1 year 140.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21.3 + 9.8 + 12 + 20 = 63.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. Jindal Stainless Ltd this page JSL · quiet · Evidence leans down · 90% evidence 48.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Revenue 11.7% · Profit 20.3% · Operating margin change -2 points · 100% evidence Capital efficiency 16.3/25 · ROCE 19.3% · Operating margin 11% · 100% evidence Valuation 15.0/20 · P/E 16.8× · PEG 0.67 · 50% evidence Relative strength 0.1/20 · Lead over its industry -33.9% · Lead over NIFTY 500 -4.8% · 1 year -10.5% · 100% evidence · 6 of 12 weeks ahead Exact sum: 16.9 + 16.3 + 15 + 0.1 = 48.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Ratnamani Metals & Tubes Ltd](https://www.sectoralpha.in/stocks/ratnamani-metals-tubes-ltd) RATNAMANI · turning · Evidence leans down · 75% evidence 36.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.0/35 · Revenue -16.3% · Profit -8.5% · Operating margin change 1 points · 83% evidence Capital efficiency 17.9/25 · ROCE 17.9% · Operating margin 17% · 76% evidence Valuation 7.0/20 · P/E 37× · PEG n/a · 35% evidence Relative strength 2.1/20 · Lead over its industry -30% · Lead over NIFTY 500 -0.8% · 1 year -4.4% · 100% evidence · 6 of 12 weeks ahead Exact sum: 9 + 17.9 + 7 + 2.1 = 36 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Stainless Steel](https://www.sectoralpha.in/sectors/stainless-steel), all 4 compared on one page. ## Which companies are close to Jindal Stainless in size? Jindal Stainless is the largest of 4 Stainless Steel companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Ratnamani Metals & Tubes, Aeroflex Industries and Ratnaveer Precision Engineering. ### Stainless Steel companies close in size

1. Jindal Stainless Ltd ₹55,566 crore
2. [Ratnamani Metals & Tubes Ltd](https://www.sectoralpha.in/stocks/ratnamani-metals-tubes-ltd) ₹16,256 crore
3. [Aeroflex Industries Ltd](https://www.sectoralpha.in/stocks/aeroflex-industries-ltd) ₹7,098 crore
4. [Ratnaveer Precision Engineering Ltd](https://www.sectoralpha.in/stocks/ratnaveer-precision-engineering-ltd) ₹3,023 crore

[All 4 Stainless Steel companies, largest first](https://www.sectoralpha.in/sectors/stainless-steel#all-companies)

### Companies close in size in other industries

1. [Motilal Oswal Financial Services Ltd](https://www.sectoralpha.in/stocks/motilal-oswal-financial-services-ltd) ₹56,797 crore · Finance - Capital Markets - Wealth Management
2. [Sona BLW Precision Forgings Ltd](https://www.sectoralpha.in/stocks/sona-blw-precision-forgings-ltd) ₹55,672 crore · Castings, Forgings & Fastners
3. Jindal Stainless Ltd ₹55,566 crore
4. [Indian Overseas Bank](https://www.sectoralpha.in/stocks/indian-overseas-bank) ₹55,343 crore · Banks - PSU
5. [Radico Khaitan Ltd](https://www.sectoralpha.in/stocks/radico-khaitan-ltd) ₹54,757 crore · Alcoholic Beverages

## What else do people ask about Jindal Stainless? ### What is Jindal Stainless's share price today? Jindal Stainless Ltd's share price is ₹688.80, −5.9% over the past year. The whole company is worth ₹56,786 Cr on the market. In the last 52 weeks it traded between ₹662 to ₹855; today it is 14% of the way up from the low, 5.7% below its 200-day average (as of 4 November 2026). ### What were Jindal Stainless's latest quarterly results? Jindal Stainless Ltd reported revenue of ₹12,874 Cr and net profit of ₹898 Cr for the Sep 2026 quarter. Revenue rose 18.2% and profit rose 11.1% compared with a year earlier. Earnings per share were ₹10.85. The operating margin was 11.0%, 2.0 percentage points lower than a year earlier (as of 4 November 2026). ### What is Jindal Stainless's market cap? Jindal Stainless Ltd's market capitalisation is ₹56,786 Cr at a share price of ₹688.80. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Jindal Stainless performing? Jindal Stainless Ltd's share price has been moving sideways for 9 weeks. In its latest quarter, revenue rose 18.2% and profit rose 11.1% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 4 November 2026). ### Will Jindal Stainless's share price go up? This page does not forecast Jindal Stainless Ltd's share price. What it shows instead: the share price is ₹688.80, and it has been moving sideways for 9 weeks. Its P/E of 17.2× is higher than 48% of its own last 9 years (as of 4 November 2026). ### Who owns Jindal Stainless? Promoters own 62.5% of Jindal Stainless Ltd, foreign institutions 20.1%, domestic institutions 7.7% and the public 9.6% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 2.7 percentage points over 8 quarters (as of 4 November 2026). ### Does Jindal Stainless have too much debt? Jindal Stainless Ltd has a moderate amount of debt: its debt is 0.38× its equity, and its operating profit is 10 times its interest bill. FY26 borrowings were ₹7,460 Cr against equity of ₹19,791 Cr. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026). ### Where is Jindal Stainless in its business cycle? Jindal Stainless Ltd's FY26 operating margin was 13.0%, against a 13-year range of 5.0% to 16.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 11.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Jindal Stainless story? The main question: yearly earnings per share moved +27.4% while the share price moved −5.9%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Jindal Stainless a stock worth studying right now? What the numbers show: Jindal Stainless Ltd's earnings have grown faster than its share price. Earnings per share grew +27.4% in a year while the price moved −5.9%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Jindal Stainless share price forecast for 2026? What management itself guided: FY27 volume growth 4-6%, revised from 7-9%. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Copper & metal stocks: https://www.sectoralpha.in/copper-stocks-india

This is research, not advice. We’re not SEBI-registered.