# Jindal Steel share price today (Jindal Steel Ltd, NSE: JINDALSTEL)

> Jindal Steel share price today: ₹1,105.00 at the NSE close on 3 November 2026, up 3.6% in a year. Jindal Steel (NSE: JINDALSTEL) is worth ₹1,12,741 crore, trades at a P/E of 35.0 and has closed between ₹986.50 and ₹1,270.00 over the past 52 weeks. > Jindal Steel Ltd's earnings have grown faster than its share price. Earnings per share grew +19.7% in a year while the price moved +3.6%. JINDALSTEL · Steel Products · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/jindal-steel-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹1,105.00 (+3.6% in a year)
- P/E: 35.0× (higher than 84% of the last 7.7 years)
- Revenue (Sep 2026): ₹16,679 Cr (+42.7% on a year ago)
- Profit (Sep 2026): ₹771 Cr (+21.4% on a year ago)
- Operating margin: 15.0% (−3.0 points on a year ago)
- ROCE: 10%, FY26
- ROIC: 6.4%, against a 12.0% cost of capital: −5.6 points

The main question: results are strong, and the P/E is higher than 84% of its own history. ## What is the Jindal Steel share price today? Jindal Steel Ltd's share price was ₹1,105.00 at the close on 3 November 2026. It has been stalling near its high for 5 weeks. That is 0.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹987 and ₹1,270, and at that close it sat 42% 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 +1,969% 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. ## What changed at Jindal Steel this quarter? 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. ## What are Jindal Steel's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹16,679 crore | ₹11,686 crore | +42.7% |
| Profit | ₹771 crore | ₹635 crore | +21.4% |
| Earnings per share | ₹7.59 | ₹6.26 | +21.2% |
| Operating margin | 15.0% | 18.0% | −3.0 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 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.)

## What is the Jindal Steel share price history? Jindal Steel closed at ₹1,105.00 on 3 November 2026, up 3.6% from ₹1,066.80 a year earlier (31 October 2025) and up 161.1% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,015.90 | +8.8% |
| 1 month ago · 1 Oct 2026 | ₹1,100.50 | +0.4% |
| 6 months ago · 30 Apr 2026 | ₹1,223.10 | −9.7% |
| 1 year ago · 31 Oct 2025 | ₹1,066.80 | +3.6% |
| 3 years ago · 3 Nov 2023 | ₹596.90 | +85.1% |
| 5 years ago · 4 Nov 2021 | ₹423.20 | +161.1% |
| 10 years ago · 4 Nov 2016 | ₹68.85 | +1,504.9% |
| Earliest and lowest weekly close in our records · 26 Feb 2016 | ₹53.40 | +1,969.3% |
| Highest weekly close since February 2016, also the 52-week high · 17 Apr 2026 | ₹1,270.00 | −13.0% |
| 52-week low (weekly close) · 26 Dec 2025 | ₹986.50 | +12.0% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (565 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on Jindal Steel? 3 Nov 2026: Jindal Steel closed at ₹1,105.00, up 8.8% on the week and up 0.4% 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. ## What dividend does Jindal Steel pay? Jindal Steel paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.18% at the ₹1,105.00 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 21 August 2026. ### Jindal Steel dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 21 Aug 2026 | ₹2 | Dividend | same day |
| 22 Aug 2025 | ₹2 | Dividend | same day |
| 22 Aug 2024 | ₹2 | Dividend | same day |
| 18 Aug 2023 | ₹2 | Dividend | same day |
| 20 Sep 2022 | ₹2 | Dividend | 21 Sep 2022 |
| 16 Mar 2022 | ₹1 | Interim | 19 Mar 2022 |

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

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 4 November 2026.)

## What did Jindal Steel management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/4303/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 23 October 2026.)

## What to watch in Jindal Steel's next results? 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. - What to check (from the call)
- Q3 output: verify the Angul furnace ramp and H2 production trajectory. - Slurry pipeline: confirm continuous commercial flow and capture of the stated freight savings. - Royda: check whether forest right-of-way clearance is obtained and mine operations resume. - DRI and Pellet Plant 2: track imported-equipment arrival and commissioning against the guided window. ## Which stock lists is Jindal Steel on? Jindal Steel is on one of our India lists: Copper & metal stocks. [Copper & metal stocks Group on the list: Steel, stainless steel and ferro alloys](https://www.sectoralpha.in/copper-stocks-india)

## Is Jindal Steel profitable? 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. 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. ## How much revenue does Jindal Steel make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Jindal Steel keep? 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. 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. ## Is Jindal Steel's profit turning into cash? 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. 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. ## Where does Jindal Steel's cash go? 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. 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. ## What is Jindal Steel's P/E ratio, and how does it compare with its own history? Jindal Steel Ltd's P/E is 35.0×, 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. 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. Why the multiple is where it is: over the past year earnings per share moved +19.7% while the price moved +3.6%. 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 +21.2% a year; about −9.3% a year came from earnings growth and about +30.5 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 high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Jindal Steel business getting better or worse? Jindal Steel Ltd's business is turning around. Profit growth has swung from −46.3% at its low to +2.4%, rising from a low 4 quarters ago, with ROCE steady at 7.4%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does Jindal Steel earn on its capital? Jindal Steel Ltd earned a ROCE of 10% in FY26. That is up from a low of −1% in FY16. Its return on capital used (ROIC) is 5.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 6.3% net margin and 0.55× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 6.3% net margin × 0.55× asset turnover × 1.92× leverage (assets divided by equity) ≈ 6.7% 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: 6.4% − 12.0% = −5.6 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. Negative: growth at these returns loses value until returns improve. ## Does Jindal Steel have too much debt? Jindal Steel Ltd has total debt of ₹22,354 Cr against shareholder equity of ₹53,715 Cr as of Sep 2026, so its debt is 0.42× its equity. Year by year, that ratio went from 0.36 in FY22 to 0.44 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Jindal Steel shareholding pattern? Domestic institutions raised their stake in Jindal Steel Ltd by 3.6 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 19.7% of the company. Foreign institutions moved −3.4 points over the same period, to 8.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +3.6 points over 8 quarters, to 19.7%; Foreign institutions: −3.4 points over 8 quarters, to 8.8%; Promoters: +1.5 points over 8 quarters, to 62.7%. Why the owners changed: foreign institutions moved −3.4 points and domestic institutions +3.6 points over 8 quarters, while promoters moved +1.5 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 Steel from balance-sheet trouble? For Jindal Steel 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 Steel rank in its industry? 45.6 out of 100, rank 10 of 16 in Steel Products, with 100% of the evidence available. Jindal Steel Ltd scores 45.6 out of 100 against the 16 companies it is compared with in Steel Products, ranking 10. 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: 13.9 + 13.3 + 10.4 + 8 = 45.6. 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 Steel compared with? Jindal Steel ranks 10 of 16 Steel Products companies on the 4-Factor Sector Score, with 45.6 out of 100. 1. [Kamdhenu Ltd](https://www.sectoralpha.in/stocks/kamdhenu-ltd) KAMDHENU · turning · Most evidence points up · 100% evidence 77.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 5.9% · Profit 31.9% · Operating margin change 1 points · 100% evidence Capital efficiency 20.0/25 · ROCE 29.5% · Operating margin 13% · 100% evidence Valuation 17.1/20 · P/E 10.9× · PEG 0.47 · 100% evidence Relative strength 17.6/20 · Lead over its industry 27.7% · Lead over NIFTY 500 31% · 1 year 26.7% · 100% evidence · 11 of 12 weeks ahead Exact sum: 22.6 + 20 + 17.1 + 17.6 = 77.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Vardhman Special Steels Ltd](https://www.sectoralpha.in/stocks/vardhman-special-steels-ltd) VSSL · leader · Most evidence points up · 100% evidence 75.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.1/35 · Revenue 14.8% · Profit 67.7% · Operating margin change 2 points · 100% evidence Capital efficiency 14.8/25 · ROCE 15.3% · Operating margin 12% · 100% evidence Valuation 14.2/20 · P/E 19.7× · PEG 0.84 · 100% evidence Relative strength 17.0/20 · Lead over its industry 13.2% · Lead over NIFTY 500 16.9% · 1 year 14.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.1 + 14.8 + 14.2 + 17 = 75.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Shyam Metalics & Energy Ltd](https://www.sectoralpha.in/stocks/shyam-metalics-energy-ltd) SHYAMMETL · leader · Most evidence points up · 100% evidence 73.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 25.6% · Profit 41.7% · Operating margin change 2 points · 100% evidence Capital efficiency 17.4/25 · ROCE 13% · Operating margin 14% · 100% evidence Valuation 8.6/20 · P/E 24× · PEG 1.25 · 100% evidence Relative strength 18.7/20 · Lead over its industry 27.4% · Lead over NIFTY 500 31.7% · 1 year 32.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 28.6 + 17.4 + 8.6 + 18.7 = 73.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Kalyani Steels Ltd](https://www.sectoralpha.in/stocks/kalyani-steels-ltd) KSL · losing its lead · Evidence leans up · 100% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Revenue -1.1% · Profit 8.1% · Operating margin change 3 points · 100% evidence Capital efficiency 17.4/25 · ROCE 14.8% · Operating margin 22% · 100% evidence Valuation 11.6/20 · P/E 12.5× · PEG 1 · 100% evidence Relative strength 12.9/20 · Lead over its industry 3.7% · Lead over NIFTY 500 7.2% · 1 year -4.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 18.6 + 17.4 + 11.6 + 12.9 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [BMW Industries Ltd](https://www.sectoralpha.in/stocks/bmw-industries-ltd) turning · Evidence leans up · 83% evidence 57.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 5.9% · Profit 8% · Operating margin change -1 points · 83% evidence Capital efficiency 13.2/25 · ROCE 11.9% · Operating margin 20% · 95% evidence Valuation 12.9/20 · P/E 12.7× · PEG n/a · 50% evidence Relative strength 15.9/20 · Lead over its industry 7.5% · Lead over NIFTY 500 10.3% · 1 year 9% · 100% evidence · 1 of 12 weeks ahead Exact sum: 15.9 + 13.2 + 12.9 + 15.9 = 57.9 · What this means: Relative strength against the index is 10.3%, and revenue and profit growth are weak. 6. [Sunflag Iron & Steel Company Ltd](https://www.sectoralpha.in/stocks/sunflag-iron-steel-company-ltd) SUNFLAG · breaking out · Evidence leans up · 96% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 9% · Profit 4.6% · Operating margin change -1 points · 88% evidence Capital efficiency 9.6/25 · ROCE 4.1% · Operating margin 11% · 100% evidence Valuation 10.3/20 · P/E 33.2× · PEG 0.65 · 100% evidence Relative strength 19.6/20 · Lead over its industry 29% · Lead over NIFTY 500 32.1% · 1 year 46.3% · 100% evidence · 6 of 12 weeks ahead Exact sum: 16.7 + 9.6 + 10.3 + 19.6 = 56.2 · What this means: Relative strength against the index is 32.1%, and revenue and profit growth are weak. 7. [Panchmahal Steel Ltd](https://www.sectoralpha.in/stocks/panchmahal-steel-ltd) PANCHMAHQ · losing its lead · Evidence leans down · 78% evidence 49.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 10.6% · Profit 100% · Operating margin change 4.9 points · 100% evidence Capital efficiency 7.0/25 · ROCE 3.1% · Operating margin 8.3% · 100% evidence Valuation 3.9/20 · P/E 65.4× · PEG 7.04 · 65% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 0.3% · 1 year -1.2% · 25% evidence · 2 of 5 weeks ahead Exact sum: 28.9 + 7 + 3.9 + 9.8 = 49.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Prakash Industries Ltd](https://www.sectoralpha.in/stocks/prakash-industries-ltd) PRAKASH · basing · Evidence leans down · 96% evidence 49.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.3/35 · Revenue -10.6% · Profit -12.1% · Operating margin change 1 points · 88% evidence Capital efficiency 12.1/25 · ROCE 9.6% · Operating margin 14% · 100% evidence Valuation 19.1/20 · P/E 6.4× · PEG 0.19 · 100% evidence Relative strength 6.0/20 · Lead over its industry -14.4% · Lead over NIFTY 500 -10.7% · 1 year -31.6% · 100% evidence · 1 of 12 weeks ahead Exact sum: 12.3 + 12.1 + 19.1 + 6 = 49.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 9. [Beekay Steel Industries Ltd](https://www.sectoralpha.in/stocks/beekay-steel-industries-ltd) BEEKAY · breaking out · Evidence leans down · 81% evidence 48.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.5/35 · Revenue 13.9% · Profit -51.1% · Operating margin change 5 points · 88% evidence Capital efficiency 7.7/25 · ROCE 4.2% · Operating margin 11% · 100% evidence Valuation 13.7/20 · P/E 18.1× · PEG 0.45 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 5.8% · 1 year -11.5% · 25% evidence · 10 of 12 weeks ahead Exact sum: 15.5 + 7.7 + 13.7 + 11.1 = 48 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. Jindal Steel Ltd this page JINDALSTEL · losing its lead · Evidence leans down · 100% evidence 45.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.9/35 · Revenue 25.5% · Profit 2.4% · Operating margin change -3 points · 100% evidence Capital efficiency 13.3/25 · ROCE 9.7% · Operating margin 15% · 100% evidence Valuation 10.4/20 · P/E 33.6× · PEG 1.09 · 100% evidence Relative strength 8.0/20 · Lead over its industry -4.7% · Lead over NIFTY 500 -0.6% · 1 year -0.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 13.9 + 13.3 + 10.4 + 8 = 45.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Steel Exchange India Ltd](https://www.sectoralpha.in/stocks/steel-exchange-india-ltd) STEELXIND · quiet · Evidence leans down · 89% evidence 39.7 out of 100 Growth Capital Valuation Relative
12. [Gallantt Ispat Ltd.](https://www.sectoralpha.in/stocks/gallantt-ispat-ltd) GALLANTT · quiet · Evidence leans down · 100% evidence 37.9 out of 100 Growth Capital Valuation Relative
13. [Rhetan TMT Ltd](https://www.sectoralpha.in/stocks/rhetan-tmt-ltd) RHETAN · quiet · Most evidence points down · 89% evidence 34.5 out of 100 Growth Capital Valuation Relative
14. [Electrotherm (India) Ltd](https://www.sectoralpha.in/stocks/electrotherm-indialtd) ELECTHERM · quiet · Most evidence points down · 61% evidence 22.2 out of 100 Growth Capital Valuation Relative
15. [Salasar Techno Engineering Ltd](https://www.sectoralpha.in/stocks/salasar-techno-engineering-ltd) SALASAR · basing · Most evidence points down · 96% evidence 20.4 out of 100 Growth Capital Valuation Relative
16. [Banganga Paper Industries Ltd](https://www.sectoralpha.in/stocks/banganga-paper-industries-ltd) BANGANGA · Too little evidence to rank firmly · 29% evidence 52.5 out of 100 Growth Capital Valuation Relative

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: [Steel Products](https://www.sectoralpha.in/sectors/steel-products), all 16 compared on one page. ## Which companies are close to Jindal Steel in size? Jindal Steel is the largest of 16 Steel Products companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Shyam Metalics & Energy, Gallantt Ispat, Sunflag Iron & Steel Company, Kalyani Steels, Vardhman Special Steels and Prakash Industries. ### Steel Products companies close in size

1. Jindal Steel Ltd ₹1,08,252 crore
2. [Shyam Metalics & Energy Ltd](https://www.sectoralpha.in/stocks/shyam-metalics-energy-ltd) ₹32,460 crore
3. [Gallantt Ispat Ltd.](https://www.sectoralpha.in/stocks/gallantt-ispat-ltd) ₹13,465 crore
4. [Sunflag Iron & Steel Company Ltd](https://www.sectoralpha.in/stocks/sunflag-iron-steel-company-ltd) ₹7,064 crore
5. [Kalyani Steels Ltd](https://www.sectoralpha.in/stocks/kalyani-steels-ltd) ₹3,592 crore
6. [Vardhman Special Steels Ltd](https://www.sectoralpha.in/stocks/vardhman-special-steels-ltd) ₹3,178 crore
7. [Prakash Industries Ltd](https://www.sectoralpha.in/stocks/prakash-industries-ltd) ₹2,011 crore

[All 16 Steel Products companies, largest first](https://www.sectoralpha.in/sectors/steel-products#all-companies)

### Companies close in size in other industries

1. [GAIL (India) Ltd](https://www.sectoralpha.in/stocks/gail-indialtd) ₹1,10,402 crore · Gas Distribution
2. [Tata Power Company Ltd](https://www.sectoralpha.in/stocks/tata-power-company-ltd) ₹1,10,255 crore · Power - Generation/Distribution
3. Jindal Steel Ltd ₹1,08,252 crore
4. [Canara Bank](https://www.sectoralpha.in/stocks/canara-bank) ₹1,06,616 crore · Banks - PSU
5. [One 97 Communications Ltd](https://www.sectoralpha.in/stocks/one-97-communications-ltd) ₹1,04,984 crore · E-Commerce - Platform - Utility

## What else do people ask about Jindal Steel? ### What is Jindal Steel's share price today? Jindal Steel Ltd's share price is ₹1,105.00, +3.6% over the past year. The whole company is worth ₹1,12,741 Cr on the market. In the last 52 weeks it traded between ₹987 to ₹1,270; today it is 42% of the way up from the low, 0.2% above its 200-day average (as of 3 November 2026). ### What were Jindal Steel's latest quarterly results? Jindal Steel Ltd reported revenue of ₹16,679 Cr and net profit of ₹771 Cr for the Sep 2026 quarter. Revenue rose 42.7% and profit rose 21.4% compared with a year earlier. Earnings per share were ₹7.59. The operating margin was 15.0%, 3.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Jindal Steel's market cap? Jindal Steel Ltd's market capitalisation is ₹1,12,741 Cr at a share price of ₹1,105.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Jindal Steel performing? Jindal Steel Ltd's share price has been stalling near its high for 5 weeks. In its latest quarter, revenue rose 42.7% and profit rose 21.4% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 12 weeks running (as of 3 November 2026). ### Will Jindal Steel's share price go up? This page does not forecast Jindal Steel Ltd's share price. What it shows instead: the share price is ₹1,105.00, and it has been stalling near its high for 5 weeks. Its P/E of 35.0× is higher than 84% of its own last 8 years (as of 3 November 2026). ### Who owns Jindal Steel? Promoters own 62.7% of Jindal Steel Ltd, foreign institutions 8.8%, domestic institutions 19.7% and the public 8.6% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 3.6 percentage points over 8 quarters (as of 3 November 2026). ### Does Jindal Steel have too much debt? Jindal Steel Ltd has a moderate amount of debt: its debt is 0.44× its equity, and its operating profit is 6 times its interest bill. FY26 borrowings were ₹22,610 Cr against equity of ₹50,899 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Jindal Steel in its business cycle? Jindal Steel Ltd's FY26 operating margin was 18.0%, against a 13-year range of 18.0% to 38.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 15.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Jindal Steel story? The main question: results are strong, and the P/E is higher than 84% of its own history. 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 3 November 2026). ### Is Jindal Steel a stock worth studying right now? What the numbers show: Jindal Steel Ltd's earnings have grown faster than its share price. Earnings per share grew +19.7% in a year while the price moved +3.6%. The main open question: whether earnings grow enough to match the multiple. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Jindal Steel share price forecast for 2026? What management itself 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. ## Lists

- Copper & metal stocks: https://www.sectoralpha.in/copper-stocks-india

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