Jindal Steel share price today

Jindal Steel Ltd's share price was ₹1,149.00 at the close on 4 November 2026. It has been stalling near its high for 5 weeks. That is 4.2% above its average price over the last 200 trading days.

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 Steel Ltd is in stage 3. The phase helps read everything below.

In the last 52 weeks it traded between ₹987 and ₹1,270, and at that close it sat 57% 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 12 weeks in a row.

Over the last 11 years the share price moved +2,052% while the NIFTY 500 moved +257%, 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.

Three changes stood out: indian funds and insurers (DIIs) raised their stake for 10 quarters in a row, revenue up on a year earlier for 5 quarters in a row and highest quarterly revenue in 16 quarters.

1. Indian funds and insurers (DIIs) raised their stake for 10 quarters in a row

   From 14.7% to 19.7% of the company by the September 2026 quarter.

2. Revenue up on a year earlier for 5 quarters in a row

   In the September 2026 quarter revenue was ₹16,679 crore, +42.7% on a year earlier.

   Why: Revenue rose because the company sold more steel, got better average selling prices, and sold a better product mix.

   Next results: check whether the Angul furnace is making more steel and whether second-half output is on track.

   From the earnings call on 23 Oct 2026.

3. Highest quarterly revenue in 16 quarters

   Revenue of ₹16,679 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Revenue reached a record because the company sold more steel, got better average selling prices, and sold a better product mix.

   From the earnings call on 23 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Jindal Steel reported revenue of ₹16,679 crore, up 42.7% from ₹11,686 crore a year earlier, and a profit of ₹771 crore, up 21.4% from ₹635 crore.

Jindal Steel 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 Steel's 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 Steel closed at ₹1,149.00 on 4 November 2026, up 7.4% from ₹1,069.90 a year earlier (7 November 2025) and up 171.5% over five years. Its highest weekly close since February 2016 was ₹1,270.00 on 17 April 2026.

Jindal Steel share price: then and now

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.

565 weekly closes from 26 February 2016 to 4 November 2026.

4 Nov 2026: Jindal Steel closed at ₹1,149.00, up 8.3% on the week and up 4.4% on the month. 23 Oct 2026: Jindal Steel held its results call for July to September 2026. Management guided: FY27 production goal ~11mt, with ~6mt net steel planned in H2 at about 1.0mt/month; Angul BF goals 10.5ktpd within a week, 11ktpd in November and 12ktpd in December; flats:longs goal 65:35.

Earlier

• Results for July to September 2026: Revenue up 42.7% and profit up 21.4% on a year earlier.
• 21 Aug 2026: ex-date for a dividend of ₹2 a share.

Jindal Steel paid ₹2 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.17% at the ₹1,149.00 close on 4 November 2026. The last was a dividend of ₹2 a share, ex-date 21 August 2026.

Jindal Steel 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 Steel Ltd paid out 6% of its profit as dividends in FY26, and it paid a dividend in 6 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 Steel's management guided: FY27 production goal ~11mt, with ~6mt net steel planned in H2 at about 1.0mt/month; Angul BF goals 10.5ktpd within a week, 11ktpd in November and 12ktpd in December; flats:longs goal 65:35.

“No, we will not move back to propane now. We have had a taste of a better chocolate, so we will not leave it.”V. R. Sharma, on whether the company would return to propane, on the call for July to September 2026

What management guided

• FY27 sales of ~10.5mt, with saleable volumes of 900,000-950,000 tons/month and confidence around the mid-range.
• Slurry freight saving of ₹700/t on 20,000 tons/day and removal of at least 500 company ore trucks daily as commercial flow begins.
• Q3 coking-coal cost increase of $20-25/t; West Asia fuel and diesel impact remains $4-5/t.
• DRI Plant 2, Pellet Plant 2 and the new gasifiers planned for commissioning by June 2027.

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 Steel reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Q3 output: verify the Angul furnace ramp and H2 production trajectory.

Jindal Steel is on one of our India lists: Copper & metal stocks.

Jindal Steel Ltd earned ₹771 Cr of net profit in the Sep 2026 quarter, +21.4% on the same quarter a year earlier. Full-year FY26 profit was ₹3,361 Cr. That is 4.6% of the quarter's revenue. The same quarter a year earlier earned ₹635 Cr. 1 of the last 12 reported quarters were loss-making.

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 ₹3,361 Cr (+18.1% on the year before).

Why profit moved: revenue changed +42.7% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −34.1% and revenue +25.6%. Profit is growing slower than sales: rising costs are taking part of the growth.

Jindal Steel Ltd reported ₹16,679 Cr of revenue in the Sep 2026 quarter, +42.7% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 10 years it has grown 10.6% a year on average. The last full year, FY26, came in at ₹53,225 Cr.

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

The last four reported quarters add to ₹61,406 Cr.

FY26 revenue was ₹53,225 Cr, +7.0% on the year before.

Recent pace: the last four quarters grew +25.6% on average, against 10.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +25.5%, against +10.8% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +2.4%, against −25.0% a year (accelerating).

Jindal Steel Ltd's operating margin was 15.0% in the Sep 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 18.0% and 38.0%. The latest quarter is below every full year in that period.

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 −2.4 percentage points on the year while gross margin changed −4.1 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 198% of Jindal Steel Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹7,204 Cr of operating cash against ₹3,361 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 ₹9,931 Cr of spending on assets, free cash was −₹2,727 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 198% of profit came in as cash: the cash cycle got 91 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 3.4× depreciation over three years. The next section checks what that spending is building.

Jindal Steel Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 1 days in FY26, down from 92 days in FY21. It spent ₹29,823 Cr on assets over the last 3 years. Customers take 12 days to pay, and stock sits for 115 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 ₹53,225 Cr, each day of that cycle ties up about ₹146 Cr, so roughly ₹146 Cr is tied up in the business at any time.

FY26: customers took 12 days to pay and stock sat for 115 days, about 3.8 months of sales sitting as stock, for a full cycle of 1 days, shorter than FY21's 92.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 115 days. Customers pay about 12 days after that. Suppliers are paid at 126 days. Together that makes the 1-day cycle.

Spending on assets: ₹29,823 Cr over the last 3 years, against ₹8,761 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 ₹8,372 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 Steel Ltd's P/E is 36.4×, near the high end of its own history: higher than 84% of past readings. Its usual P/E (the middle reading) is 17.6×, over 7.7 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.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹27.98.