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India
As of 18 Sept 2026, 03:30 pm
As of the latest available information, Nomura has retained a 'Buy' rating on Jindal Steel, citing steel prices reaching a four-year high. Motilal Oswal also views Jindal Steel favorably, including it among companies with 'Buy' ratings and indicating significant upside potential, alongside other metal majors like JSW Steel and Tata Steel.
At the 47th Annual General Meeting held on August 28, 2026, shareholders approved all nine resolutions presented. These included the adoption of financial statements for the year ended March 31, 2026, the declaration of a final dividend, the re-appointment of Mr. Naveen Jindal as a director, and the appointment of M/s S S Kothari Mehta & Co. LLP as statutory auditors. Additionally, Mr. Vidya Rattan Sharma was appointed as Managing Director, and Ms. Aabha Bakaya and Mr. Vikas Sehgal were appointed as Independent Directors.
Yes, on August 24 and 25, 2026, Sarika Jhunjhnuwala, a member of the Promoter Group, sold 95,000 equity shares of Jindal Steel on the NSE at an average price of ₹1,138.99 per share. This transaction resulted in a total sale value of ₹108,203,920 and reduced her holding from 477,400 shares to 382,400 shares.
As of September 18, 2026, the daily trend for Jindal Steel indicates a bearish Supertrend direction with the Supertrend level at 1188.44. The closing price was 1119.5, below the 20-day Exponential Moving Average (EMA) of 1130.54. The weekly trend also shows a bearish Supertrend direction, with the Supertrend level at 1222.89 and the closing price of 1119.5 below the 20-day EMA of 1125.73.
As of 18 Sept 2026, 03:30 pm
Showing 3 of 14 candles
Recent drawdown and price variability remain within the producer's contained-risk thresholds.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹15,482.13 crore | PEAK₹16,217.93 crore | ₹13,026.63 crore | ₹11,685.88 crore | ₹12,294.48 crore |
| Profit Before Exceptional Items And Tax | ₹1,204.96 crore | ₹1,901.33 crore | ₹398.15 crore | ₹982.27 crore | PEAK₹2,017.91 crore |
| Profit Before Tax | ₹1,204.96 crore | ₹1,084.51 crore | ₹343.59 crore | ₹982.27 crore | PEAK₹2,017.91 crore |
| Finance Costs | PEAK₹548.21 crore | ₹442.31 crore | ₹406.45 crore | ₹371.27 crore | ₹296.61 crore |
| Comprehensive Income For The Period | ₹943.66 crore | ₹1,152.55 crore | ₹128.02 crore | ₹505.77 crore | PEAK₹1,549.61 crore |
| Profit Loss For Period | ₹843.80 crore | ₹1,041.24 crore | ₹188.58 crore | ₹635.08 crore | PEAK₹1,495.97 crore |
Revenue from operations stood at ₹15,482.13 crore, up from ₹12,294.48 crore a year earlier — a gain of 25.9%. Compared with the immediately preceding quarter (₹16,217.93 crore), revenue eased 4.5%.
Jindal Steel’s June 2026 quarter delivered a 25.9% year‑on‑year increase in revenue, but the benefit was more than offset by an 85% surge in finance costs. Profit after tax fell 43.6% year‑on‑year. While reported profit before tax improved sequentially, this was entirely due to the absence of the large exceptional charges that weighed on the prior quarter; on a pre‑exceptional basis, profitability declined significantly.
Exchange disclosures and regulatory announcements for Jindal Steel.
Jindal Steel Limited will participate in the Anand Rathi G-200 Summit 2026 on Tuesday, September 22, 2026, in Mumbai, in-person, for one-on-one and group meetings with analysts and institutional investors. The schedule is subject to change due to exigencies.
Jindal Steel Limited held its 47th Annual General Meeting on August 28, 2026, via video conference. All nine resolutions set out in the July 29, 2026 notice were passed by shareholders with the requisite majority, including the adoption of financial statements for the year ended March 31, 2026, declaration of a final dividend, re-appointment of Mr. Naveen Jindal as a director, appointment of M/s S S Kothari Mehta & Co. LLP as statutory auditors, ratification of cost auditor remuneration, and appointment of Mr. Vidya Rattan Sharma as Managing Director and Ms. Aabha Bakaya and Mr. Vikas Sehgal as Independent Directors.
MEETING DATE : 28-AUG-2026
Sarika Jhunjhnuwala, a member of the Promoter Group of Jindal Steel Limited, sold 95,000 equity shares on the NSE between August 24 and 25, 2026, at an average price of Rs. 1,138.99 per share for a total value of Rs. 108,203,920. This market sale reduced her holding from 477,400 shares (0.0005%) to 382,400 shares (0.0004%). The transaction details were intimated to the company on August 26, 2026, and disclosed under Regulation 7(2) via a filing signed by Director Damodar Mittal on August 28, 2026.
Jindal Steel Limited, represented by Whole-time Director Damodar Mittal, announced on August 13, 2026, that it will participate in the Motilal Oswal 22nd Annual Global Investor Conference on Tuesday, August 18, 2026. The meeting, scheduled to take place in Mumbai, will be conducted in-person and include both one-on-one and group sessions with analysts and institutional investors. This intimation was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with a note that the schedule is subject to change.
Jindal Steel Limited, represented by Whole-time Director Damodar Mittal, has scheduled a one-on-one in-person meeting with InCred Research Services Pvt Ltd for Thursday, August 13, 2026, in Mumbai. The intimation was filed on August 10, 2026, pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and notes that the schedule is subject to change due to exigencies.
Jindal Steel Limited (formerly Jindal Steel & Power Limited) has published a newspaper advertisement on August 7, 2026, regarding the Notice of the 47th Annual General Meeting and related e-voting information. This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has also been placed on the company's website.
Recent market and company developments associated with Jindal Steel.
Motilal Oswal expects firm steel prices, lean inventories and resilient demand to support a shift toward pricing- and cost-led earnings growth for domestic steelmakers. The brokerage sees stronger realisations ahead and favours companies with cost advantages and raw-material access, naming JSW Steel and Tata Steel as its top picks.
Tata Steel and JSW Steel emerged as top metal stock picks by Motilal Oswal. Jindal Steel and SAIL also receive 'Buy' ratings, with target prices indicating significant upside potential.
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India is accelerating its nuclear power expansion to reach 100 GW by 2047. This ambitious goal necessitates securing substantial uranium supplies from global sources. New agreements with Uzbekistan, Australia, and Canada are diversifying fuel procurement strategies. Domestic policy changes now permit private companies to enter nuclear power generation. This dual approach aims to ensure fuel availability for future reactor capacity.
India News: Last month, when Prime Minister Narendra Modi arrived in Tashkent, the headline takeaway was diplomatic. India and Uzbekistan agreed to elevate their .
India will receive substantial tariff-rate quotas for steel exports to the European Union. These quotas total 1.64 million tonnes annually, with a portion under a free trade agreement. The European Union's new regulation aims to protect its domestic steel industry from overcapacity. India's exports outside these quotas will face applicable base-rate duties. The agreement includes provisions for periodic reviews of these allocated quotas.
Jindal Steel has received Guinness World Records recognition for constructing the world’s longest road using processed steel slag aggregates in Raigarh, Chhattisgarh. Built with around 2 lakh tonnes of steel slag, the 1.85-km four-lane road reduces reliance on quarry materials and promotes sustainable infrastructure through waste-to-wealth technology.
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Comprehensive Section Breakdown for Jindal Steel
Strategic Vision: Integrated steel producer with a mine-to-metal model.
Category: Manufacturing
The company's operations span the entire value chain from mining raw materials and captive power generation to manufacturing high-grade steel.
• Integrated operations from mining to metal production.
• Captive mining and power generation capacities.
• Proprietary technology for iron and steel making.
• Exclusive private player in rail manufacturing.
• Producer of the widest plates in coil form.
• Only private player producing fabricated steel structures.
Jindal Steel Limited reported a 25.9% rise in revenue from operations to ₹15,482.13 crore for the quarter ended 30 June 2026, compared with the same period last year. However, profit after tax fell 43.6% to ₹843.80 crore, weighed down by a sharp increase in finance costs. While the reported profit before tax improved sequentially because the previous quarter had been depressed by large exceptional charges, pre‑exceptional profitability declined significantly.
Finance costs jumped to ₹548.21 crore, nearly 85% higher than the ₹296.61 crore recorded a year ago and also above the ₹442.31 crore reported in the preceding quarter. This increase was the primary factor pulling down profits.
The company incurred depreciation and amortisation of ₹926.42 crore and cost of materials consumed of ₹7,741.59 crore during the quarter. Employee benefit expenses amounted to ₹367.32 crore. A reduction in inventories of finished goods, work‑in‑progress and stock‑in‑trade resulted in a net credit of ₹614.92 crore, which had a positive impact on profit.
Profit before tax (PBT) came in at ₹1,204.96 crore. This was a 40.3% drop from ₹2,017.91 crore in the year‑ago quarter. Compared with the immediately preceding quarter (₹1,084.51 crore), reported PBT rose 11%, but that improvement was entirely due to the absence of exceptional items. The March 2026 quarter included a large exceptional charge; without that, PBT before exceptional items and tax was ₹1,901.33 crore — substantially higher than the June quarter’s ₹1,204.96 crore, marking a 36.6% sequential decline in pre‑exceptional profitability.
Tax expense was ₹360.78 crore, down from ₹521.91 crore a year ago. Profit after tax (PAT) fell to ₹843.80 crore, compared with ₹1,495.97 crore in the same period last year — a decline of 43.6%. Basic earnings per share from continuing operations dropped to ₹8.30 from ₹14.73. Diluted EPS was ₹8.34.
Other income contributed ₹19.19 crore. Comprehensive income for the period was ₹943.66 crore, down from ₹1,549.61 crore a year earlier.
Core Thesis: An integrated mine-to-metal model ensures quality, efficiency, and supports industrial growth through captive resources and advanced manufacturing.
• Mine-to-Metal Integration: Operations cover raw material mining, captive power generation, and steel manufacturing, ensuring end-to-end control over the value chain. • Captive Resources: Leverages captive iron ore and coal reserves, along with captive power generation capacity, to support steelmaking processes. • Advanced Manufacturing: Operates state-of-the-art facilities including India's largest Hot Strip Mill and a SynGas-based Coal Gasification Plant.