JINDALSTEL - Jindal Steel & Power Ltd Share Price

Ferrous Metals

₹911.70+21.85(+2.46%)

Market Open as of Apr 28, 2025, 12:24 IST

What does Jindal Steel & Power Ltd do?

Iron & Steel•Metals & Mining•Mid Cap

Jindal Steel & Power is an Iron & Steel company, trading under the stock ticker JINDALSTEL. With a market capitalization of Rs. 92,721.1 Crores, it operates in various sectors including steel, mining, and infrastructure both in India and internationally.

The company provides a diverse range of products:

TMT rebars
Wire rods
Round bars
Track and head-hardened rails
Sheet piles
Plates and hot-rolled coils
Medium and heavy hot-rolled parallel flange beams, angles, channels, and column sections

In addition to these, Jindal Steel & Power offers other products such as:

Cathode bars for the aluminium industry
Jindal Speedfloor System, a suspended concrete flooring solution
Track shoes for heavy-duty undercarriages
Fabricated sections like H-beams, I-beams, and trusses
Semi-finished products including slabs, billets, blooms, beam blanks, and rounds
Coal-based sponge iron products

The company also produces and sells:

Portland slag cement
Portland composite cement
Ground-granulated blast-furnace slag under the Jindal Panther Cement brand

Furthermore, Jindal Steel & Power operates coal and iron ore mines located at various sites in India and abroad. Founded in 1952 and based in New Delhi, India, the company reported a trailing 12 months revenue of Rs. 50,198.8 Crores.

The company distributes dividends to its investors, boasting a dividend yield of 0.22% per year. Over the last 12 months, it returned Rs. 2 dividend per share. Additionally, Jindal Steel & Power has experienced revenue growth of 3.1% in the past three years.

Industry Group:Ferrous Metals

Employees:5,938

Website:www.jindalsteelpower.com

Income Statement for Jindal Steel & Power

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-0.6%	11,436	11,504	12,843	13,773	11,516	12,082
Other Income	-37.5%	16	25	23	15	30	26
Total Income	-0.7%	11,452	11,529	12,865	13,788	11,545	12,108
Cost of Materials	-9.8%	5,148	5,707	6,455	5,977	5,203	4,716
Purchases of stock-in-trade	78.7%	480	269	482	802	399	408
Employee Expense	14.6%	252	220	250	264	222	227
Finance costs	-20.5%	133	167	183	210	195	258
Depreciation and Amortization	-0.3%	571	573	564	563	559	555
Other expenses	8.6%	3,433	3,160	3,102	3,799	3,609	3,535
Total Expenses	-3.2%	9,979	10,304	10,891	12,027	9,552	10,582
Profit Before exceptional items and Tax	20.4%	1,473	1,224	1,975	1,762	1,994	1,526
Exceptional items before tax	-	0	0	0	0	0	0
Total profit before tax	20.4%	1,473	1,224	1,975	1,762	1,994	1,526
Current tax	2.7%	376	366	564	268	2.62	1.07
Deferred tax	-82.7%	-65.83	-35.57	-45.84	212	507	416
Total tax	-6.1%	310	330	518	480	510	417
Total profit (loss) for period	30.1%	1,163	894	1,457	1,282	1,484	1,109
Other comp. income net of taxes	0%	-1.01	-1.01	-1.01	39	-4.45	-4.43
Total Comprehensive Income	30.2%	1,162	893	1,456	1,320	1,479	1,104
Earnings Per Share, Basic	34%	11.49	8.83	14.46	12.78	14.78	11.03
Earnings Per Share, Diluted	34%	11.49	8.83	14.46	12.78	14.78	11.03

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	-2.9%	49,682	51,180	49,431	33,308	26,228	27,716
Other Income	72.9%	84	49	102	666	0	14
Total Income	-2.9%	49,766	51,229	49,533	33,974	26,228	27,730
Cost of Materials	-5.5%	21,391	22,644	19,060	8,752	10,688	11,903
Purchases of stock-in-trade	26.3%	2,251	1,782	1,715	1,546	882	1,125
Employee Expense	5.7%	924	874	725	676	679	620
Finance costs	-28.4%	921	1,286	1,415	2,187	2,611	2,896
Depreciation and Amortization	2.3%	2,216	2,166	2,232	2,243	2,287	2,307
Other expenses	-9.9%	14,770	16,392	13,607	9,097	8,400	8,162
Total Expenses	-5.5%	42,615	45,099	38,042	24,683	25,349	26,902
Profit Before exceptional items and Tax	16.7%	7,151	6,130	11,492	9,291	880	829
Exceptional items before tax	100%	0	-3,258.26	-323.71	-171.81	0	-1,398.38
Total profit before tax	149%	7,151	2,872	11,168	9,119	880	-569.78
Current tax	-90%	260	2,597	2,449	-75.27	753	0
Deferred tax	175.1%	1,617	-2,151.3	435	2,040	-491.44	-306.88
Total tax	322.5%	1,877	445	2,885	1,965	262	-306.88
Total profit (loss) for period	117.3%	5,273	2,427	8,283	7,154	618	-262.9
Other comp. income net of taxes	101.3%	25	-1,840.17	34	1,779	0.64	-13.89
Total Comprehensive Income	804.1%	5,299	587	8,317	8,933	618	-276.79
Earnings Per Share, Basic	122.9%	52.52	24.11	81.21	70.14	6.09	-2.72
Earnings Per Share, Diluted	122.9%	52.52	24.11	81.21	70.14	6.09	-2.72
Debt equity ratio	-	-	-	-	036	069	087
Debt service coverage ratio	-	-	-	-	0.0405	0.0139	0.0119
Interest service coverage ratio	-	-	-	-	0.0871	0.0254	0.0249

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	4.8%	11,751	11,213	13,618	13,487	11,701	12,250
Other Income	-26.5%	26	35	34	34	35	32
Total Income	4.7%	11,777	11,248	13,652	13,521	11,736	12,282
Cost of Materials	2.4%	4,652	4,541	6,377	5,265	4,806	4,463
Purchases of stock-in-trade	75%	470	269	482	805	399	404
Employee Expense	12.4%	309	275	302	361	325	310
Finance costs	-4%	313	326	332	321	315	329
Depreciation and Amortization	0.3%	698	696	683	995	636	604
Other expenses	14.4%	4,109	3,591	3,624	4,421	3,954	3,849
Total Expenses	5.4%	10,578	10,035	11,793	12,358	9,810	10,898
Profit Before exceptional items and Tax	-1.2%	1,199	1,213	1,859	1,163	1,927	1,385
Exceptional items before tax	-	0	0	0	0	0	-0.25
Total profit before tax	-1.2%	1,199	1,213	1,859	1,163	1,927	1,384
Current tax	-6.2%	362	386	571	279	42	14
Deferred tax	-237.2%	-113.45	-32.94	-50.18	-49.25	-43.41	-19.65
Total tax	-29.5%	249	353	521	230	-1.04	-5.83
Total profit (loss) for period	10.6%	951	860	1,338	933	1,928	1,390
Other comp. income net of taxes	-313.7%	-213.15	-50.76	128	-18.58	60	-7.06
Total Comprehensive Income	-8.9%	738	810	1,466	915	1,988	1,383
Earnings Per Share, Basic	12%	9.39	8.49	13.31	9.34	19.21	13.81
Earnings Per Share, Diluted	12%	9.39	8.49	13.31	9.34	19.21	13.81

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	-5.1%	50,027	52,711	51,086	38,989	36,917	39,372
Other Income	178.6%	157	57	50	539	26	16
Total Income	-4.9%	50,183	52,768	51,136	39,528	36,944	39,388
Cost of Materials	-11.8%	19,748	22,388	18,960	9,271	14,233	15,274
Purchases of stock-in-trade	-5.5%	2,318	2,454	2,319	1,239	574	1,186
Employee Expense	13.6%	1,288	1,134	871	900	1,112	1,072
Finance costs	-10.5%	1,294	1,446	1,888	3,093	4,149	4,264
Depreciation and Amortization	4.9%	2,822	2,691	2,097	3,453	3,867	5,480
Other expenses	-2.5%	16,518	16,944	14,199	12,923	13,365	13,660
Total Expenses	-6.3%	43,942	46,913	39,557	31,091	37,080	40,711
Profit Before exceptional items and Tax	6.6%	6,241	5,855	11,579	8,436	-136.45	-1,323.29
Exceptional items before tax	99.9%	0	-1,369.46	-406.24	-1,140.86	-109.39	-1,478.4
Total profit before tax	39.1%	6,241	4,486	11,173	7,296	-245.84	-2,801.69
Current tax	-76.3%	356	1,497	2,467	-69.21	766	52
Deferred tax	71%	-58.43	-204.23	458	1,838	-611.77	-441.75
Total tax	-77%	298	1,292	2,925	1,769	154	-390.17
Total profit (loss) for period	49.6%	5,943	3,974	6,766	4,267	-399.7	-2,411.52
Other comp. income net of taxes	97.8%	-16.45	-802.84	-280.16	-5,297.61	394	4,347
Total Comprehensive Income	86.9%	5,927	3,171	6,486	-1,030.57	-6	1,936
Earnings Per Share, Basic	52.7%	59.15	39.07	56.4	35.63	-1.08	-17
Earnings Per Share, Diluted	52.7%	59.15	39.07	56.4	35.63	-1.08	-17
Debt equity ratio	-	-	-	-	068	0.0113	0.0122
Debt service coverage ratio	-	-	-	-	0.0188	0.0113	0.0111
Interest service coverage ratio	-	-	-	-	0.071	0.0216	0.0225

Balance Sheet for Jindal Steel & Power

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-72.5%	800	2,910	2,633	3,626	4,623	2,903
Current investments	-48.3%	331	639	1,429	761	1,465	327
Loans, current	28%	33	26	31	50	3,974	3,974
Total current financial assets	-20.8%	5,141	6,492	5,500	6,441	11,533	9,027
Inventories	2.2%	6,107	5,977	4,854	5,463	6,835	7,051
Current tax assets	-100.6%	0	155	259	0	0	0
Total current assets	-7%	13,858	14,908	12,396	13,469	20,668	17,762
Property, plant and equipment	-1%	38,243	38,617	38,984	39,511	40,212	40,976
Capital work-in-progress	26.4%	4,779	3,780	2,638	2,091	1,032	731
Non-current investments	5.1%	7,245	6,892	6,590	4,932	3,781	2,041
Loans, non-current	0.5%	5,550	5,523	5,502	5,447	8,161	7,842
Total non-current financial assets	5.3%	13,912	13,213	13,332	10,805	13,170	10,917
Total non-current assets	2.5%	58,541	57,097	55,585	53,546	54,821	53,434
Total assets	0.5%	72,412	72,017	67,994	67,030	75,508	75,162
Borrowings, non-current	-18.2%	5,037	6,156	6,715	7,082	8,449	8,365
Total non-current financial liabilities	-16.6%	5,710	6,843	7,667	7,463	9,408	9,312
Provisions, non-current	0%	235	235	245	155	143	138
Total non-current liabilities	-9.6%	11,474	12,689	12,781	12,177	15,309	18,988
Borrowings, current	-38.7%	3,043	4,964	3,708	4,794	5,270	4,961
Total current financial liabilities	-13.1%	9,821	11,302	9,474	11,087	11,022	12,113
Provisions, current	6.9%	63	59	66	63	61	59
Current tax liabilities	-	105	-	0	76	558	129
Total current liabilities	-10.2%	12,425	13,834	12,358	14,296	15,903	15,814
Total liabilities	-9.9%	23,898	26,523	25,139	26,473	31,212	34,802
Equity share capital	1%	101	100	100	100	100	101
Total equity	6.6%	48,513	45,494	42,855	40,557	44,296	40,360
Total equity and liabilities	0.5%	72,412	72,017	67,994	67,030	75,508	75,162

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-58.9%	1,358	3,306	3,548	4,261	4,972	3,505
Current investments	6.1%	711	670	1,782	765	1,468	332
Loans, current	-3.2%	62	64	78	96	179	125
Total current financial assets	-7.8%	6,074	6,585	6,569	7,049	8,303	5,575
Inventories	-0.5%	7,044	7,077	5,310	5,887	7,259	7,281
Current tax assets	-91.7%	14	158	266	1.82	6.75	1.62
Total current assets	0.9%	17,885	17,733	15,094	15,458	18,904	15,395
Property, plant and equipment	0.1%	45,838	45,790	40,287	40,804	41,469	42,244
Capital work-in-progress	40%	12,418	8,872	10,504	7,106	3,752	1,736
Goodwill	0%	55	55	55	55	448	448
Non-current investments	2%	152	149	142	143	146	138
Loans, non-current	4.8%	199	190	163	167	165	65
Total non-current financial assets	19.9%	960	801	2,873	547	783	660
Total non-current assets	6.4%	64,871	60,967	57,103	53,952	51,726	50,035
Total assets	5.2%	82,771	78,715	72,212	69,427	70,652	76,644
Borrowings, non-current	21.9%	12,256	10,058	7,740	7,208	9,120	8,434
Total non-current financial liabilities	18.8%	13,789	11,603	9,222	8,623	9,693	9,148
Provisions, non-current	5.4%	452	429	439	350	412	422
Total non-current liabilities	11.9%	20,087	17,955	15,615	14,909	15,904	16,846
Borrowings, current	-23.9%	4,442	5,838	5,129	5,228	5,314	4,428
Total current financial liabilities	-10.7%	11,957	13,391	11,822	12,092	11,521	11,730
Provisions, current	8.3%	79	73	99	97	92	89
Current tax liabilities	1733.9%	107	6.78	0.26	214	701	146
Total current liabilities	-8.4%	14,666	16,010	14,773	15,499	16,601	15,553
Total liabilities	2.3%	34,753	33,965	30,388	30,408	32,504	39,548
Equity share capital	1%	101	100	100	100	100	101
Non controlling interest	55.5%	676	435	322	313	305	1,471
Total equity	7.3%	48,018	44,751	41,824	39,019	38,148	37,095
Total equity and liabilities	5.2%	82,771	78,715	72,212	69,427	70,652	76,644

Valuation
Market Cap	90.77 kCr
Price/Earnings (Trailing)	22.23
Price/Sales (Trailing)	1.81
EV/EBITDA	9.26
Price/Free Cashflow	-34.91
MarketCap/EBT	16.7

Fundamentals
Revenue (TTM)	50.2 kCr
Rev. Growth (Yr)	0.35%
Rev. Growth (Qtr)	4.7%
Earnings (TTM)	4.08 kCr
Earnings Growth (Yr)	-50.68%
Earnings Growth (Qtr)	10.51%

Profitability
Operating Margin	10.83%
EBT Margin	10.83%
Return on Equity	8.5%
Return on Assets	4.93%
Free Cashflow Yield	-2.86%

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	JINDALSTEL	Ferrous
PE	22.23	44.76
PS	1.81	1.19
Growth	-0.3 %	-1.1 %

Share Holdings

Understand Jindal Steel & Power ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
OPJ TRADING PRIVATE LIMITED	18.47%
OPELINA SUSTAINABLE SERVICES PRIVATE LIMITED	14.42%
VIRTUOUS TRADECORP PRIVATE LIMITED	6.31%
GAGAN INFRAENERGY LIMITED	4.87%
KOTAK FLEXICAP FUND	2.79%
ICICI PRUDENTIAL MIDCAP FUND	1.26%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE FLEXI CAP FUND	1.17%
Naveen Jindal (as a trustee of Global Vision Trust)	1.1%
JINDAL POWER LIMITED	1.03%
NAVEEN JINDAL	0.8%
JARGO INVESTMENTS LIMITED	0.73%
MENDEZA HOLDINGS LIMITED	0.73%
TEMPLAR INVESTMENTS LIMITED	0.73%
NACHO INVESTMENTS LIMITED	0.73%
ESTRELA INVESTMENT COMPANY LIMITED	0.7%
JSL OVERSEAS LIMITED	0.64%
BEAUFIELD HOLDINGS LIMITED	0.59%
PRJ Family Management Company Private Limited (as trustee of PRJ Holdings Private Trust)	0.43%
JSW HOLDINGS LIMITED	0.36%
NAVEEN JINDAL HUF	0.22%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Cash Flow for Jindal Steel & Power

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-28.4%	921	1,286	1,415
Change in inventories	-132.4%	-513.89	1,589	-2,458.84
Depreciation	2.3%	2,216	2,166	2,232
Unrealised forex losses/gains	91.5%	-76.13	-907.61	-280.81
Dividend income	14.3%	0.1	-0.05	0
Share-based payments	-	0	0	-0.22
Net Cashflows from Operations	-18.3%	7,354	9,001	16,076
Income taxes paid (refund)	-83.2%	445	2,650	1,891
Net Cashflows From Operating Activities	8.8%	6,909	6,351	14,185
Proceeds from sales of PPE	95.6%	89	46	34
Purchase of property, plant and equipment	42.8%	3,532	2,474	1,314
Proceeds from sales of investment property	99.7%	0	-397.39	707
Purchase of investment property	-100%	0	3,445	1,324
Dividends received	4.2%	0.09	0.05	0
Interest received	175.3%	213	78	112
Other inflows (outflows) of cash	42.1%	-160.53	-277.84	-149.86
Net Cashflows From Investing Activities	-34.5%	-5,080.8	-3,778.47	-9,406.63
Proceeds from issuing shares	-	0	0	1.76
Proceeds from borrowings	-33.8%	4,229	6,390	538
Repayments of borrowings	-21%	4,984	6,308	5,576
Payments of lease liabilities	-101.4%	0	71	71
Dividends paid	-2.5%	200	205	98
Interest paid	-7.5%	1,357	1,467	1,724
Other inflows (outflows) of cash	-22.2%	-231.62	-189.31	-498.34
Net Cashflows from Financing Activities	-37.5%	-2,543.9	-1,849.79	-7,427.72
Net change in cash and cash eq.	-199.3%	-715.63	723	-2,649.08

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-10.5%	1,294	1,446	2,375
Change in inventories	-185.4%	-1,190.58	1,396	-2,417.15
Depreciation	4.9%	2,822	2,691	3,007
Unrealised forex losses/gains	112%	39	-315.47	-6.95
Dividend income	-5.9%	0.1	0.15	0
Share-based payments	-	0	0	-0.23
Net Cashflows from Operations	-33%	6,683	9,980	18,008
Income taxes paid (refund)	-75.1%	675	2,705	1,960
Net Cashflows From Operating Activities	-17.4%	6,008	7,276	16,048
Proceeds from sales of PPE	97.8%	90	46	72
Purchase of property, plant and equipment	32.1%	8,517	6,448	2,944
Proceeds from sales of investment property	99.7%	0	-396.43	712
Purchase of investment property	-113.7%	0	8.3	21
Cash receipts from repayment of advances and loans made to other parties	-	8.84	0	0
Dividends received	4.2%	0.09	0.05	0
Interest received	236.1%	243	73	163
Other inflows (outflows) of cash	-59.2%	-465.17	-291.77	-313.1
Net Cashflows From Investing Activities	-107.6%	-8,344.07	-4,018.5	-2,331.32
Proceeds from issuing shares	-	0	0	1.76
Proceeds from borrowings	25.1%	8,445	6,753	967
Repayments of borrowings	-31%	4,984	7,218	12,795
Payments of lease liabilities	-101.1%	0	91	90
Dividends paid	-2.5%	200	205	98
Interest paid	5.3%	1,621	1,539	2,606
Other inflows (outflows) of cash	-28%	-258.32	-201.52	-498.34
Net Cashflows from Financing Activities	155.2%	1,381	-2,500.46	-15,119.57
Net change in cash and cash eq.	-226.4%	-954.67	757	-1,403.12

Investor Care
Dividend Yield	0.22%
Dividend/Share (TTM)	2
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	40.53

Financial Health
Current Ratio	1.22
Debt/Equity	0.35
Debt/Cashflow	0.38

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
JSWSTEEL	JSW SteelIron & Steel	2.51 LCr	1.71 LCr	-2.66%	+13.53%	75.93	1.47	-3.36%	-70.93%
TATASTEEL	TATA STEELIron & Steel	1.73 LCr	2.22 LCr	-10.89%	-17.20%	68.58	0.78	-5.52%	+164.84%
VEDL	VedantaDiversified Metals	1.62 LCr	1.52 LCr	-10.96%	+8.46%	9.05	1.07	+1.81%	+112.67%
HINDALCO	Hindalco IndustriesAluminium	1.4 LCr	2.32 LCr	-10.01%	-3.82%	10.06	0.6	+6.75%	+47.91%
SAIL	Steel Authority of IndiaIron & Steel	47.42 kCr	1.02 LCr	+1.34%	-30.40%	21.11	0.46	-5.18%	-27.54%
JSL	Jindal StainlessIron & Steel	46.08 kCr	38.82 kCr	-6.01%	-23.34%	19.12	1.19	-0.53%	-17.14%
KIRLFER	Kirloskar Ferrous IndustriesPig Iron	8.18 kCr	6.27 kCr	-4.18%	-22.18%	29.8	1.32	+1.06%	-34.01%

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