Share price at the NSE close on 23 Oct 2026. Previous close ₹709.65.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹56,671 Cr170th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 22 Oct 2026
- 17.0
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 22 Oct 2026
- 2.7
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.58%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 22 Oct 2026
- 17.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 22 Oct 2026
- 16.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. The filing of 22 Oct 2026
- 0.33
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 9,23,28852.6% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Sep 2026, against the quarter beforeFiled 22 Oct
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹12,874 Crup 14.14%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹898 Crup 16.79%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 7.0%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2023, the company's revenue for that year, ₹35,697 Cr, differs from its quarters added, ₹27,193 Cr.
| ₹ crore | Dec 2024Filed 29 Jan | Mar 2025Filed 10 Jun | Jun 2025Filed 6 Aug | Sep 2025Filed 10 Nov | Dec 2025Filed 21 Jan | Mar 2026Filed 4 May | Jun 2026Filed 3 Aug | Sep 2026Filed 22 Oct |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9,907 | 10,198 | 10,207 | 10,893 | 10,518 | 11,337 | 11,279 | 12,874 |
| Net profit | 654 | 590 | 715 | 808 | 828 | 834 | 769 | 898 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 6.6% | 5.8% | 7.0% | 7.4% | 7.9% | 7.4% | 6.8% | 7.0% |
Business segments
In the year to Mar 2026 the company reports one business segment, Manufacturing of Stainless Steel and Stainless Steel Products, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2023: days before it are of the company before the change.PE ratio and valuation history
At or below today's level on 47% of 2,115 trading days since May 2017.
At or below today's level on 57% of 1,946 trading days since Oct 2018.
At or below today's level on 59% of 1,946 trading days since Oct 2018.
At or below today's level on 97% of 2,480 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +22.8% | +27.4% | −4.1% | 0.6% |
| 3 years | +35.4% | +14.7% | +17.6% | 0.5% |
| 5 years | +60.6% | +35.1% | +18.5% | 0.5% |
Mutual funds holding it
127 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 75 of the 88 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 4
- AddedAdded. Funds that held more shares than at the end of the month before.
- 47
- CutCut. Funds that held fewer shares than at the end of the month before.
- 41
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 33
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 1
| Fund | |||
|---|---|---|---|
 Bandhan Large & Mid Cap FundBandhan Mutual Fund | 46,25,002 | 1.67% | ₹345.7 Cr |
 HSBC Value FundHSBC Mutual Fund | 34,15,272 | 1.74% | ₹255.3 Cr |
 ICICI Prudential Mid Cap FundICICI Prudential Mutual Fund | 31,06,731 | 2.92% | ₹232.2 Cr |
 Edelweiss Mid Cap FundEdelweiss Mutual Fund | 30,40,352 | 1.18% | ₹227.2 Cr |
| ICICI Prudential Commodities FundICICI Prudential Mutual Fund | 25,95,232 | 4.69% | ₹194.0 Cr |
| ICICI Prudential Manufacturing FundICICI Prudential Mutual Fund | 21,22,395 | 2.29% | ₹158.6 Cr |
 UTI Mid Cap FundUTI Mutual Fund | 18,00,000 | 1.13% | ₹134.5 Cr |
| UTI Large Cap FundUTI Mutual Fund | 14,03,269 | 0.92% | ₹104.9 Cr |
 WhiteOak Capital Mid Cap FundWhiteOak Capital Mutual Fund | 9,62,611 | 0.95% | ₹71.9 Cr |
| ICICI Prudential Large & Mid Cap FundICICI Prudential Mutual Fund | 8,37,282 | 0.20% | ₹62.6 Cr |
Peers and competitors
Iron & Steel, 15 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Jindal Stainless in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 JSW SteelJSWSTEEL | 2,89,909 | 11.7 | 2.9 | 10.9 | +12.2% | +411.7% | 27.6% | 11.2% | 0.60% |
 Tata SteelTATASTEEL | 2,09,311 | 19.0 | 2.0 | 8.1 | +10.5% | +143.1% | 11.4% | 11.9% | 2.39% |
 Jindal SteelJINDALSTEL | 1,03,631 | 38.1 | 2.0 | 13.0 | +16.5% | −8.4% | 5.5% | 8.0% | 0.20% |
 Steel Authority of IndiaSAIL | 67,881 | 15.9 | 1.1 | 7.4 | +6.4% | +40.8% | 7.2% | 7.9% | 1.43% |
 Sarda Energy & MineralsSARDAEN | 15,644 | 13.8 | 2.1 | 9.5 | +5.9% | +20.8% | 16.5% | 14.6% | 0.45% |
 NMDC SteelNSLNISP | 11,007 | 131.6 | 0.8 | 9.8 | +41.6% | – | 0.6% | 2.7% | 0.00% |
 Vedanta Iron and SteelVISL | 10,253 | – | – | – | – | – | – | – | 0.00% |
 Sandur Manganese & Iron OresSANDUMA | 7,611 | 10.6 | 2.3 | 6.8 | +45.2% | +45.7% | 24.5% | 24.4% | 0.32% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 21 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹3.00 |
| 29 Jan 2026 | Interim | ₹1.00 |
| 22 Aug 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.00 |
| 7 Feb 2025 | Interim | ₹1.00 |
| 30 Aug 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.00 |
| 27 Oct 2023 | Interim | ₹1.00 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
16 Oct · Analysts
Jindal Stainless share price by year
Each calendar year to 2025.Jindal Stainless share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 839.25 | +20.0% | 839.25 | 512.60 |
| 2024 | 699.20 | +22.2% | 833.65 | 529.95 |
| 2023 | 572.10 | +139.2% | 572.10 | 234.75 |
| 2022 | 239.15 | +20.7% | 239.15 | 97.60 |
| 2021 | 198.20 | +161.8% | 198.20 | 65.10 |
| 2020 | 75.70 | +95.9% | 80.15 | 23.10 |
| 2019 | 38.65 | +13.0% | 43.10 | 24.50 |
| 2018 | 34.20 | −67.2% | 126.05 | 31.70 |
| 2017 | 104.30 | +177.0% | 123.45 | 38.70 |
| 2016 | 37.65 | +31.0% | 42.70 | 14.25 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 701.10 | 712.70 | 678.60 | 687.40 | 688.73 | 9,23,288 | 52.6% |
| 22 Oct 2026 | 723.00 | 726.60 | 702.25 | 709.65 | 714.42 | 3,84,329 | 35.3% |
| 21 Oct 2026 | 735.35 | 737.35 | 712.40 | 733.75 | 725.88 | 4,51,333 | 48.9% |
| 19 Oct 2026 | 740.00 | 747.25 | 728.20 | 734.90 | 738.53 | 8,84,801 | 58.5% |
| 16 Oct 2026 | 723.95 | 739.40 | 717.00 | 736.55 | 735.63 | 4,42,669 | 60.1% |
| 15 Oct 2026 | 713.60 | 730.00 | 709.00 | 724.65 | 722.78 | 4,97,379 | 52.5% |
| 14 Oct 2026 | 720.55 | 729.00 | 707.00 | 714.05 | 718.80 | 7,11,379 | 53.1% |
| 13 Oct 2026 | 703.00 | 723.00 | 700.60 | 720.55 | 712.09 | 4,49,284 | 70.4% |
| 12 Oct 2026 | 710.05 | 720.95 | 703.20 | 706.90 | 710.82 | 3,30,854 | 53.7% |
| 9 Oct 2026 | 710.00 | 714.45 | 702.90 | 709.05 | 707.38 | 2,60,251 | 48.5% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 19 Nov 2015 | Scheme of arrangement | – | A scheme of arrangement is a court-approved plan that merges, splits off or reorganises parts of a company. One took effect here and the price moved by a fifth or more between two trading sessions. What shareholders received is not on record, so earlier prices are not shown. |
About Jindal Stainless
Jindal Stainless Limited makes stainless steel for sectors including railways, automotive, infrastructure, consumer durables, architecture and process industries. Its product range includes slabs, blooms, coils, plates, sheets, precision strips, wire rods, rebars, blade steel and coin blanks. It also sells stainless steel pipes and tubes in multiple sizes, profiles and finishes. The portfolio covers more than 120 grades across the 200, 300, 400 and duplex series.
The company has 16 stainless steel manufacturing and processing facilities in India and abroad, including in Spain and Indonesia. In India, its operating locations include Jajpur in Odisha and Hisar in Haryana. It also has a long products plant in Ghaziabad, a pipes, tubes and special finishes plant in Kharagpur, and a cold rolling mill in Mundra.
In Indonesia, the company has a stainless steel melt shop of 1.2 MTPA (million tonnes a year), set up as a joint venture. It has also invested in an Indonesian nickel pig iron facility, which gives it access to nickel, a key input for stainless steel.
Its subsidiaries include Jindal United Steel Limited, JSL Super Steel Limited, Jindal Stainless Steelway Limited and Chromeni Steels Limited. The registered office is in Hisar, Haryana, and the corporate address is in New Delhi.
It was incorporated in 1980. The company belongs to the O P Jindal Group, and Shri O P Jindal is its founder.
- Legal name
- Jindal Stainless Limited
- NSE symbol
- JSL
- BSE code
- 532508
- ISIN
- INE220G01021
- Industry
- Ferrous Metals
- Listed
- Nov 2003
- Face value
- ₹2
- Former symbols
- JSTAINLESS
- CIN
- L26922HR1980PLC010901
- Corporate identity number, the registrar of companies' code for it