🔔 Expansion Alert
Jindal Steel and Power announces Rs 1,500 crore capex to boost production capacity by 60%, targeting infrastructure and renewable energy sectors.
Analyst Rating
based on 24 analysts
58.33%
Buy
25.00%
Hold
16.67%
Sell
Based on 24 analysts offering long term price targets for Jindal Steel & Power Ltd. An average target of ₹1021.12
Source: S&P Global Market Intelligence
Jindal Steel & Power Ltd Share analysis
Jindal Steel & Power Ltd price forecast by 24 analysts
Downside of
High
₹1240
Target
₹1021.12
Low
₹500
Jindal Steel & Power Ltd target price ₹1021.12, a slight downside of -0.36% compared to current price of ₹1002.8. According to 24 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Jindal Steel & Power Ltd revenue growth forecast
Expected growth rate Q1, FY2026:31.33%
Forecast
Actual
Including amortisation and stock based compensations
Jindal Steel & Power Ltd EPS growth forecast
EPS estimate Q1, FY2026:44.11%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹997.55₹1,043.752 Week's Low
52 Week's High
₹581.6₹1,097
| Returns % | |
| 1 Month Return | + 7.45 % |
| 3 Month Return | -2.11 % |
| 1 Year Return | + 48.76 % |
| Market Stats | |
| Previous Close | ₹1,024.85 |
| Open | ₹1,035.25 |
| Volume | 48.81L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹1,04,543.73Cr |
Key Statistics
| P/E Ratio | 18.41 |
| PEG Ratio | 0.68 |
| Market Cap | ₹1,04,543.73 Cr |
| P/B Ratio | 1.87 |
| EPS | 59.29 |
| Dividend Yield | 0 |
| Sector | Steel |
| ROE | 12.26 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹1,04,543.73 Cr | 184.26% | 0.60 | ₹5,943 Cr | ₹50,354 Cr | |
| ₹53,552.26 Cr | 61.41% | 0.73 | ₹3,066 Cr | ₹1,05,378 Cr | ||
| HOLD | ₹34,007.07 Cr | 62.94% | 0.53 | ₹1,988 Cr | ₹13,149 Cr | |
| ₹2,04,927.97 Cr | 26.17% | 0.70 | ₹7,759 Cr | ₹28,932 Cr | ||
| BUY | ₹39,891.38 Cr | 205.26% | 0.54 | ₹732 Cr | ₹18,118 Cr |
Company Information
JSPL is a leading manufacturer of steel products such as bars, plates, coils, and structural steel. It also produces a range of value-added products such as hot-rolled coils, cold-rolled coils, galvanized coils, and pre-painted galvanized coils. JSPL's popular steel brands include Jindal Panther, Jindal U-Tuf, and Jindal SAW. The company also produces and supplies electricity to over 4 million households in India.
JSPL also has a strong presence in the oil and gas exploration and production sector. It is one of the leading players in the Indian oil and gas sector and produces a variety of oil and gas products such as crude oil, natural gas, and petroleum products.
Share Price: ₹1002.80 per share as on 19 Sep, 2024 04:01 PM
Market Capitalisation: ₹1,04,543.73Cr as of today
Revenue: ₹13,617.84Cr as on June 2024 (Q2 24)
Net Profit: ₹1,337.92Cr as on June 2024 (Q2 24)
Listing date: 22 Sep, 1999
Chairperson Name: Naveen Jindal
| Organisation | Jindal Steel & Power Ltd |
| Headquarters | New Delhi |
| Industry | Steel |
| E-voting on shares | Click here to vote |
What's happening today
Today's Timeline - Invalid Date
10:09 AM
-ICICI Securities recommends buying Jindal Steel & Power with a target price of Rs 1240.
06:09 PM
-Jindal Steel announces Rs 1,500 crore capex to boost steel capacity, shares close 1% down.
Key events for Jindal Steel & Power Ltd
Jindal Steel Announces Capex Amid Buy Recommendation - 19 Sep, 2024
Jindal Steel & Power plans a Rs 1,500 crore capital expenditure to enhance production capacity by 60%. ICICI Securities recommends buying the stock with a target price of Rs 1240. However, shares closed 1% lower following the announcement.
Jindal Steel Set for Potential Upside - 18 Sep, 2024
Jindal Steel & Power Ltd shows bullish potential after breaking out from a descending channel pattern. Traders are advised to buy on dips, targeting Rs 1,200, indicating a possible 15% upside from Rs 1,041.
JSPL and JRPL Launch Major Green Hydrogen Initiative - 16 Sep, 2024
Jindal Steel & Power (JSPL) and Jindal Renewable Power (JRPL) have signed a historic MoU to invest in green hydrogen production, marking India's largest investment by a steelmaker. The initiative aims to integrate green hydrogen into JSPL's operations in Angul, Odisha, significantly reducing carbon emissions and reliance on coal-fired energy.
Jindal Steel Reclaims Rs 1,000 Mark with Bullish Momentum - 13 Sep, 2024
Jindal Steel and Power Ltd shares have reclaimed the Rs 1,000 mark, closing at Rs 1,004. Analysts indicate strong bullish momentum and potential for further upside, with a target of Rs 1,072 in the near term.
Jindal Steel Shares Rise on Duty Extension News - 12 Sep, 2024
Jindal Steel & Power Ltd shares increased following the government's five-year extension of anti-subsidy duties on welded steel pipe imports from China and Vietnam.
Jindal Steel's Jindal Advocates Tariffs on Chinese Steel - 11 Sep, 2024
Naveen Jindal, head of Jindal Steel & Power, endorses tariffs on Chinese steel but emphasizes the importance of a pragmatic trade approach due to equipment imports.
IIFL Highlights Positive Outlook for JSPL - 10 Sep, 2024
IIFL expresses a favorable view on Jindal Steel & Power Ltd (JSPL), citing benefits from increased captive sourcing of iron ore and thermal coal, along with cost advantages from infrastructure expansions.
Concerns Raised Over Steel Imports Impacting Jindal Steel - 05 Sep, 2024
Jindal Steel and Power chairman Naveen Jindal highlighted concerns regarding 'irrational' steel imports from countries with free trade agreements, where Chinese companies are exporting at significant losses to India.
Jindal Steel Aims for Net Zero Emissions by 2047 - 04 Sep, 2024
At the ISA Steel Conclave, Jindal Steel Chairman Naveen Jindal highlighted the industry's commitment to achieving net zero carbon emissions by 2047, aligning with India's climate goals. He also addressed the need for protective measures against rising steel imports, emphasizing the competitive market conditions.
Karnataka Minister Supports Jindal Steel Land Sale - 24 Aug, 2024
Karnataka's minister defended the sale of 3,677 acres to Jindal Steel, emphasizing legal compliance and the company's Rs90,000 crore investment, creating 50,000 jobs.
Karnataka Minister Defends Land Deal with Jindal Steel - 23 Aug, 2024
Karnataka's Industries Minister MB Patil defended the government's decision to execute a lease cum sale deed of 3,677 acres of land to Jindal Steel Company, stating the transaction complies with legal requirements.
Insights on Jindal Steel & Power Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTPrice Rise
In the last 7 days, JINDALSTEL stock has moved up by 2.0%
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 935.37 Cr → 1.34K Cr (in ₹), with an average increase of 30.2% per quarter
- POSITIVE IMPACT
Best in 1 Year
In the last 1 year, JINDALSTEL has outperformed top 5 stocks with highest market-cap in Iron & Steel
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 11.43% to 12.33% in Jun 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 3 quarters, 11.73K Cr → 13.65K Cr (in ₹), with an average increase of 7.1% per quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 11.93% to 12.63% in Jun 2024 quarter
- POSITIVE IMPACT
Best in 3 Years
In the last 3 years, JINDALSTEL has outperformed top 5 stocks with highest market-cap in Iron & Steel
NEGATIVE IMPACTRetail Holding Down
Retail Investor have decreased holdings from 10.41% to 10.02% in Jun 2024 quarter
- NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 61.20% to 61.19% in Jun 2024 quarter
Jindal Steel & Power Ltd Infographics
Jindal Steel & Power Ltd Q1 FY2024-2025 Results: Key Insights
Jindal Steel's net profit falls 21% to ₹1,338 cr on weak steel demand
Company Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 61.19% | ||
| Foreign Institutions | 12.63% | 5.92 | |
| Mutual Funds | 12.33% | 7.84 | |
| Retail Investors | 10.02% | ||
| Others | 3.82% |
Key Indicators
Jindal Steel & Power Ltd Valuation
Jindal Steel & Power Ltd in the last 5 years
Lowest (-230.65x)
October 1, 2018
Today (18.41x)
September 18, 2024
Industry (26.20x)
September 18, 2024
Highest (398.05x)
August 20, 2020
Earnings and Dividends
Jindal Steel & Power Ltd Earnings Results
Jindal Steel & Power Ltd’s net profit fell -20.56% since last year same period to ₹1,340.15Cr in the Q1 2024-2025. On a quarterly growth basis, Jindal Steel & Power Ltd has generated 43.27% jump in its net profits since last 3-months.
Read More about Earnings ResultsJindal Steel & Power Ltd Dividends May,2024
In the quarter ending March 2024, Jindal Steel & Power Ltd has declared dividend of ₹2 - translating a dividend yield of 0.40%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Jindal Steel & Power Ltd is currently in a Bullish trading position according to technical analysis indicators.
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Jindal Steel & Power Ltd (JINDALSTEL) share price today is ₹1002.8
Jindal Steel & Power Ltd is listed on NSE
Jindal Steel & Power Ltd is listed on BSE
- Today’s highest price of Jindal Steel & Power Ltd is ₹1043.7.
- Today’s lowest price of Jindal Steel & Power Ltd is ₹997.55.
PE Ratio of Jindal Steel & Power Ltd is 18.41
PE ratio = Jindal Steel & Power Ltd Market price per share / Jindal Steel & Power Ltd Earnings per share
Today’s traded volume of Jindal Steel & Power Ltd(JINDALSTEL) is 48.81L.
Today’s market capitalisation of Jindal Steel & Power Ltd(JINDALSTEL) is ₹104543.73Cr.
| Jindal Steel & Power Ltd(JINDALSTEL | Price |
|---|---|
52 Week High | ₹1097 |
52 Week Low | ₹581.6 |
Jindal Steel & Power Ltd(JINDALSTEL) share price is ₹1002.8. It is down -8.59% from its 52 Week High price of ₹1097
Jindal Steel & Power Ltd(JINDALSTEL) share price is ₹1002.8. It is up 72.42% from its 52 Week Low price of ₹581.6
| Jindal Steel & Power Ltd(JINDALSTEL | Returns |
|---|---|
1 Day Returns | -22.05% |
1 Month Returns | 7.45% |
3 Month Returns | -2.11% |
1 Year Returns | 48.76% |