# JINDALSTEL (JINDALSTEL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/jindalstel

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,125
- Change: -0.30%
- As of: 2026-09-18
- 1D return: -0.79%
- 5D return: -1.54%
- 1M return: +0.05%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, JINDALSTEL is exhibiting a mixed technical stance across different timeframes. The daily timeframe shows a bearish trend, with the price below key moving averages like the 20-day EMA (₹1130.54) and the 200-day SMA (₹1130.50), and the Supertrend indicator signaling bearish conditions. This contrasts with the monthly timeframe, which indicates a bullish trend, with the price above the 20-day EMA (₹1059.16) and the Supertrend pointing upwards. The weekly timeframe presents a mixed picture, with the price below the 20-day EMA (₹1125.73) and 20-day SMA (₹1129.97), but above the 50-day SMA (₹1117.09) and 50-day EMA (₹1104.58), while the Supertrend is bearish. Recent anomalies include a significant downward gap on the daily chart on September 11, 2026, accompanied by a wide intraday range on the weekly chart on the same date.

Nearest support is observed around ₹1110.13, approximately 0.84% below the current price of ₹1119.5. Resistance is noted around ₹1122.37, about 0.26% overhead, followed by ₹1140.63, which is 1.89% higher. The stock's current risk profile includes an annualized volatility of 29% and a maximum drawdown of -21%. The presence of active Harami and Doji patterns on the monthly and weekly timeframes, respectively, suggests potential for price indecision or reversal.

Key watch conditions include monitoring the price action around the ₹1110.13 support level. A break below this could signal further downside. Conversely, a sustained move above the ₹1122.37 resistance may indicate a shift in short-term momentum. The divergence between daily and monthly trends warrants close observation for potential trend alignment or continuation of the current mixed state.

- Current price on September 18, 2026, is ₹1119.5.
- Nearest support level is ₹1110.13 (0.84% below current price).
- Nearest resistance level is ₹1122.37 (0.26% above current price).
- Daily trend is bearish, while monthly trend is bullish.
- Active Harami pattern on monthly and Doji pattern on weekly timeframes observed.

- Harami
- Doji
- Inside Bar
- Hammer
- Evening Star
- Bearish Engulfing Reversal

### News Context

Brokerage firms have highlighted Jindal Steel & Power (JSP) as a favored stock within the metals sector, citing expectations of firm steel prices and resilient demand. Motilal Oswal named JSP as a top pick, anticipating that strong realisations will offset cost inflation for domestic steelmakers. Nomura maintained a 'Buy' rating on JSP, alongside Tata Steel and JSW Steel, as steel prices reached a four-year high.

- On September 18, 2026, Motilal Oswal identified Jindal Steel & Power as a top stock pick, expecting firm steel prices and resilient demand to support earnings growth.
- On September 18, 2026, Motilal Oswal indicated that strong realisations are anticipated to offset cost inflation for domestic steelmakers.
- On September 16, 2026, Nomura retained its 'Buy' rating on Jindal Steel & Power, noting that steel prices had hit a four-year high.

- Motilal Oswal sees surging steel prices to offset cost inflation for metal majors. Here are its top stock picks
- Metal stocks to buy: Tata Steel, JSW Steel among Motilal Oswal’s top picks, up to 17% upside | Check target price
- Nomura retains ‘Buy’ on Tata Steel, JSW Steel, Jindal Steel as steel prices hit four-year high
- From Uzbekistan to Canada: A look at India’s global uranium hunt
- The Uranium rush: Inside India's scramble to fuel its nuclear ambitions

### What Changed

Recent news from September 2026 indicates that brokerage firm Motilal Oswal has identified Jindal Steel and Power Limited (JINDALSTEL) as a stock with potential upside, alongside other metal majors like JSW Steel and Tata Steel. The firm's view is based on expectations of firm steel prices, lean inventories, and resilient demand, which are anticipated to support earnings growth for domestic steelmakers. While JSW Steel and Tata Steel were named as top picks, Jindal Steel and SAIL also received 'Buy' ratings with target prices suggesting significant upside potential. This external view contrasts with the company's recent price movement, which saw a slight decrease from ₹1128.4 to ₹1119.5 between the observation dates, with no clear daily or weekly trend indicated in the provided data.

- As of September 18, 2026, Motilal Oswal has rated Jindal Steel and Power Limited ('JINDALSTEL') a 'Buy', citing potential upside.
- Motilal Oswal's positive outlook for the steel sector, including JINDALSTEL, is based on expectations of firm steel prices, lean inventories, and resilient demand.
- The company's stock price was ₹1119.5 on September 18, 2026, a decrease from its previous price of ₹1128.4.
- No clear daily or weekly price trends were indicated for JINDALSTEL as of the September 18, 2026 observation date.

- Motilal Oswal sees surging steel prices to offset cost inflation for metal majors. Here are its top stock picks
- Metal stocks to buy: Tata Steel, JSW Steel among Motilal Oswal’s top picks, up to 17% upside | Check target price

### Official Filings

Jindal Steel Limited has been actively engaging with the investment community, participating in several analyst and institutional investor meetings throughout August 2026. These included events like the Motilal Oswal 22nd Annual Global Investor Conference and meetings with entities such as Emkay Confluence 2026 and Life Insurance Corporation of India (LIC). The company also announced its participation in the Anand Rathi G-200 Summit in September 2026. These engagements provide platforms for the company to communicate its strategy and performance to investors.

Shareholders approved all nine resolutions at the 47th Annual General Meeting held on August 28, 2026. Key approvals included the adoption of financial statements for the year ended March 31, 2026, declaration of a final dividend, and the re-appointment of Mr. Naveen Jindal as a director. The company also appointed M/s S S Kothari Mehta & Co. LLP as statutory auditors and ratified their remuneration. Additionally, Mr. Vidya Rattan Sharma was appointed as Managing Director, and Ms. Aabha Bakaya and Mr. Vikas Sehgal as Independent Directors, reinforcing the company's leadership structure.

In terms of shareholding, Sarika Jhunjhnuwala, a member of the Promoter Group, sold 95,000 equity shares on the NSE between August 24 and 25, 2026, at an average price of ₹1,138.99 per share. This transaction resulted in a slight reduction of her holding. The company also published its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, detailing its ESG commitments, including a target for net zero carbon emissions by 2047.

- Jindal Steel Limited participated in multiple analyst and institutional investor meetings between August 10 and September 22, 2026.
- Shareholders approved all resolutions at the 47th Annual General Meeting on August 28, 2026, including financial statement adoption and dividend declaration.
- Mr. Naveen Jindal was re-appointed as a director, and Mr. Vidya Rattan Sharma was appointed as Managing Director on August 28, 2026.
- Sarika Jhunjhnuwala, a Promoter Group member, sold 95,000 shares at an average of ₹1,138.99 per share between August 24-25, 2026.
- The company submitted its Business Responsibility and Sustainability Report (BRSR) for FY2025-26 on August 6, 2026, highlighting a net zero carbon emissions target by 2047.

- JINDAL STEEL LIMITED has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- JINDAL STEEL LIMITED has informed the Exchange regarding Proceedings of Annual General Meeting held on August 28, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results. |SUBJECT: Shareholders meeting
- MEETING DATE : 28-AUG-2026
- JINDALSTEL|JINDAL STEEL LIMITED|Original|Regulation 7 (2)|IT_1816_WebXMLFile_20260828_184330269.xml|IT_1816_20260828_184330314_WEB.html|5532|23690|-
- JINDAL STEEL LIMITED has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- JINDAL STEEL LIMITED has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- JINDAL STEEL LIMITED has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates

### Fundamentals

Jindal Steel (NSE) reported its financial results for the periods ending Q3 FY2025-26, Q4 FY2025-26, and Q1 FY2026-27. Revenue from operations showed an increase from ₹13,026.63 crore in Q3 FY2025-26 to ₹16,217.93 crore in Q4 FY2025-26, before slightly decreasing to ₹15,482.13 crore in Q1 FY2026-27. Profit Before Exceptional Items And Tax followed a similar trend, rising from ₹398.15 crore in Q3 FY2025-26 to ₹1,901.33 crore in Q4 FY2025-26, and then falling to ₹1,204.96 crore in Q1 FY2026-27. Profit Before Tax also mirrored this pattern, with ₹343.59 crore in Q3 FY2025-26, ₹1,084.51 crore in Q4 FY2025-26, and ₹1,204.96 crore in Q1 FY2026-27. Finance costs increased sequentially from ₹406.45 crore in Q3 FY2025-26 to ₹548.21 crore in Q1 FY2026-27. Comprehensive Income for the period saw a significant jump from ₹128.02 crore in Q3 FY2025-26 to ₹1,152.55 crore in Q4 FY2025-26, and then settled at ₹943.66 crore in Q1 FY2026-27. Profit/Loss for the period also followed this trajectory, moving from ₹188.58 crore in Q3 FY2025-26 to ₹1,041.24 crore in Q4 FY2025-26, and ₹843.80 crore in Q1 FY2026-27.

- Revenue from operations was ₹13,026.63 crore in Q3 FY2025-26, ₹16,217.93 crore in Q4 FY2025-26, and ₹15,482.13 crore in Q1 FY2026-27.
- Profit Before Exceptional Items And Tax was ₹398.15 crore in Q3 FY2025-26, ₹1,901.33 crore in Q4 FY2025-26, and ₹1,204.96 crore in Q1 FY2026-27.
- Profit Before Tax was ₹343.59 crore in Q3 FY2025-26, ₹1,084.51 crore in Q4 FY2025-26, and ₹1,204.96 crore in Q1 FY2026-27.
- Finance Costs increased from ₹406.45 crore in Q3 FY2025-26 to ₹548.21 crore in Q1 FY2026-27.
- Comprehensive Income for the period was ₹128.02 crore in Q3 FY2025-26, ₹1,152.55 crore in Q4 FY2025-26, and ₹943.66 crore in Q1 FY2026-27.
- Profit Loss For Period was ₹188.58 crore in Q3 FY2025-26, ₹1,041.24 crore in Q4 FY2025-26, and ₹843.80 crore in Q1 FY2026-27.

### Bull Case

External research reports indicate a positive outlook for steel prices, which could support earnings growth for domestic steelmakers. Analysts have assigned 'Buy' ratings to Jindal Steel, suggesting potential upside. The company's monthly technical trend shows a bullish signal, with the Supertrend indicator at 824.97 and the plus DI (19.71) exceeding the minus DI (12.64).

- External analysts have issued 'Buy' ratings for Jindal Steel, indicating a positive view on its potential.
- Steel prices are expected to remain firm, potentially benefiting domestic steelmakers.
- The monthly technical trend for Jindal Steel is currently bullish, with a Supertrend value of 824.97.

- Motilal Oswal sees surging steel prices to offset cost inflation for metal majors. Here are its top stock picks
- Metal stocks to buy: Tata Steel, JSW Steel among Motilal Oswal’s top picks, up to 17% upside | Check target price
- Nomura retains ‘Buy’ on Tata Steel, JSW Steel, Jindal Steel as steel prices hit four-year high
- From Uzbekistan to Canada: A look at India’s global uranium hunt
- The Uranium rush: Inside India's scramble to fuel its nuclear ambitions

### Bear Case

The company's technical indicators suggest a weakening short-term trend. The daily Super Trend indicator is in a bearish direction, and the 20-day Exponential Moving Average (EMA) slope is negative. While the monthly trend shows a bullish Super Trend, the daily and weekly timeframes indicate potential headwinds. The stock has experienced a drawdown of 13% from its recent peak, and its annualized volatility stands at 29%.

- The daily Super Trend indicator is currently in a bearish direction as of 2026-09-18.
- The 20-day EMA slope on a daily basis is -10.77.
- The stock has a current drawdown of -13%.
- Annualized volatility for the stock is 29%.

- Motilal Oswal sees surging steel prices to offset cost inflation for metal majors. Here are its top stock picks
- Metal stocks to buy: Tata Steel, JSW Steel among Motilal Oswal’s top picks, up to 17% upside | Check target price
- Nomura retains ‘Buy’ on Tata Steel, JSW Steel, Jindal Steel as steel prices hit four-year high
- From Uzbekistan to Canada: A look at India’s global uranium hunt
- The Uranium rush: Inside India's scramble to fuel its nuclear ambitions

### FAQs

**What recent analyst opinions exist regarding Jindal Steel's stock?**

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.

**What were the key outcomes of Jindal Steel's Annual General Meeting on August 28, 2026?**

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.

**Has there been any recent insider trading activity reported for Jindal Steel?**

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.

**What is the current technical trend for Jindal Steel based on daily and weekly indicators?**

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.

- Motilal Oswal sees surging steel prices to offset cost inflation for metal majors. Here are its top stock picks
- Metal stocks to buy: Tata Steel, JSW Steel among Motilal Oswal’s top picks, up to 17% upside | Check target price
- Nomura retains ‘Buy’ on Tata Steel, JSW Steel, Jindal Steel as steel prices hit four-year high
- From Uzbekistan to Canada: A look at India’s global uranium hunt
- The Uranium rush: Inside India's scramble to fuel its nuclear ambitions
- JINDAL STEEL LIMITED has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- JINDAL STEEL LIMITED has informed the Exchange regarding Proceedings of Annual General Meeting held on August 28, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results. |SUBJECT: Shareholders meeting
- MEETING DATE : 28-AUG-2026
- JINDALSTEL|JINDAL STEEL LIMITED|Original|Regulation 7 (2)|IT_1816_WebXMLFile_20260828_184330269.xml|IT_1816_20260828_184330314_WEB.html|5532|23690|-
- JINDAL STEEL LIMITED has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,122.37
- Risk regime: Price Risk Currently Contained

### Support levels
- 997.1
- 879.4124999999999
- 838.2874999999999

### Resistance levels
- 1197.153125
- 1232.1
- 1256.95

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.79% |
| return_10 | -2.23% |
| return_1m | +1.63% |
| return_1y | +6.86% |
| return_20 | +0.05% |
| return_3m | -1.10% |
| return_5 | -1.54% |
| return_6m | -5.06% |
| return_since_start | +19.34% |
| return_ytd | +4.78% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -20.74% |
| annualized_volatility | +28.76% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue jumps 26% year-on-year but profit nearly halves as finance costs surge

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.

## Revenue

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%.

## Profitability and cost drivers

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.

## Key Takeaway

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.

### Ratios

## Official filings

- 2026-09-15 — Generic Announcement: JINDAL STEEL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_15092026132412_stx.pdf)
- 2026-08-28 — Generic Announcement: JINDAL STEEL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_28082026182944_stx_28082026.pdf)
- 2026-08-28 — Regulatory Filing: JINDAL STEEL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1718913_28082026063030_WEB.xml)
- 2026-08-28 — Official Filing: JINDAL STEEL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/IT_1816_WebXMLFile_20260828_184330269.xml)
- 2026-08-26 — Generic Announcement: JINDAL STEEL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_26082026132801_STX_260826.pdf)
- 2026-08-13 — Generic Announcement: JINDAL STEEL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_13082026223812_stx_13_08_26.pdf)
- 2026-08-10 — Generic Announcement: JINDAL STEEL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_10082026222457_stx_100826.pdf)
- 2026-08-07 — Official Filing: 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.
- 2026-08-07 — Official Filing: Jindal Steel Limited will participate in analyst and institutional investor meetings on August 12, 2026, with Emkay Confluence 2026, and on August 13, 2026, with Life Insurance Corporation of India (LIC). These meetings will be held in Mumbai and will be in-person, including one-on-one and group sessions. The schedule is subject to change.
- 2026-08-06 — Generic Announcement: Jindal Steel Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, as required by SEBI regulations. The report, which is part of the Integrated Report, details the company's performance and commitments across environmental, social, and governance (ESG) aspects. It includes information on business activities, operations, employee data, subsidiary companies, CSR initiatives, and compliance with responsible business conduct principles. The company highlights its commitment to net zero carbon emissions by 2047, investments in sustainable technologies, and community development programs. — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_06082026191446_Binder1_BRSR.pdf)
- 2026-08-06 — Generic Announcement: Jindal Steel Limited announced its 47th Annual General Meeting will be held on August 28, 2026, via Video Conferencing. The company has fixed August 21, 2026, as the Record Date for determining shareholder eligibility for final dividend payment. The Integrated Report for the financial year 2025-26, detailing highlights such as ₹62,412 Cr in gross revenue and ₹3,361 Cr in profit after tax, is also enclosed with the AGM notice. — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_06082026182931_stx_060826_signed_IR.pdf)
- 2026-08-06 — Management Change: JINDAL STEEL LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1816_WebXMLFile_20260806_192123921.xml)
- 2026-08-06 — Generic Announcement: Jindal Steel Limited has set Friday, August 21, 2026, as the record date to determine shareholder entitlement for a final dividend of Rs. 2 per equity share for the financial year 2025-26. This dividend, representing 200% of the face value, is subject to Board recommendation and approval at the Annual General Meeting. — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_06082026185422_stx_record_date.pdf)
- 2026-08-06 — Generic Announcement: Jindal Steel Limited has released its Tax Transparency Report for the Financial Year 2025-26, detailing its fiscal contributions. The company reported a total contribution of ₹11,348 crore to the public exchequer during this period. This includes direct contributions such as Corporate Income Tax, Customs Duties, and Mining Royalties, as well as indirect contributions like Net GST and Withholding Taxes. — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_06082026191236_TTR_Report.pdf)
- 2026-08-05 — Generic Announcement: Jindal Steel Limited (formerly Jindal Steel & Power Limited) announced on August 5, 2026, that it has published a newspaper advertisement regarding a special window for the transfer and dematerialisation of physical securities. This action is in compliance with SEBI Circular No. HO/38/13/11(2)2026-MIRSDPOD/I/3750/2026 dated January 30, 2026. The information is also available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_05082026171001_STX05082026.pdf)
- 2026-07-31 — Generic Announcement: Jindal Steel Limited (formerly Jindal Steel & Power Limited) has filed a transcript of its Q1 FY27 earnings conference call held on July 25, 2026. The call featured discussions on global macroeconomic conditions, domestic steel market trends, and the company's strategic priorities. Key management personnel, including MD V.R. Sharma and CFO Sandeep Modi, introduced themselves and outlined plans focusing on achieving 100% capacity utilization, cost reduction, and expanding value-added product offerings. The company reported consolidated revenue down 8% sequentially, with EBITDA at INR 2,667 crores and profit after tax at INR 844 crores for Q1 FY27. Management also provided updates on the slurry pipeline, expected to commission in early August, and addressed concerns about senior management transitions. — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_31072026115319_Binder1.pdf)
- 2026-07-29 — Generic Announcement: The Board of Directors of Jindal Steel Limited has approved the appointment of Ms. Aabha Bakaya and Mr. V. Sehgal as Additional Directors in the category of Non-Executive Independent Directors for a term of two years, effective July 29, 2026, subject to shareholder approval. Concurrently, the terms of Independent Directors Mrs. Shivani Wazir Pasrich and Ms. Kanika Agnihotri concluded on July 28, 2026, after completing their second three-year terms. — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_29072026110905_stx_signed_290726.pdf)
- 2026-07-27 — Credit Rating Update: On July 27, 2026, Jindal Steel Limited announced that ICRA Limited has upgraded and reaffirmed the credit ratings for its long-term and short-term bank facilities and Non-Convertible Debentures. ICRA Limited also upgraded and reaffirmed the credit ratings for the bank facilities of Jindal Steel Odisha Limited, a wholly owned subsidiary. This information is disclosed on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_27072026134901_stx_27072026.pdf)
- 2026-07-25 — Generic Announcement: Jindal Steel Limited (formerly Jindal Steel & Power Limited) published its unaudited financial results for the quarter ended June 30, 2026, on July 25, 2026, in the newspapers Hari Bhoomi (Hindi) and Financial Express (English). These results have also been made available on the company's website, www.jindalsteel.in, in compliance with SEBI Listing Regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_25072026203833_Binder1_250726.pdf)
- 2026-07-25 — Generic Announcement: Jindal Steel Limited has uploaded the audio recording of its earnings call held on July 25, 2026, to the company's website at www.jindalsteel.in/performance-highlights. This filing is in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_25072026204041_stx_25072026_signed.pdf)
- 2026-07-24 — Generic Announcement: The Board of Directors of Jindal Steel Limited met on July 24, 2026, approving the Un-audited Financial Results for Q1 FY27, showing INR 17,834 Cr in Gross Revenue and INR 2,667 Cr in Adjusted EBITDA. The board also approved the appointment of Mr. Vidya Rattan Sharma as Additional Director and Managing Director for two years, Mr. Sandeep Modi as Chief Financial Officer, Mr. Rajiv Kumar as Chief Operating Officer, and Mr. Sukhjit S. Pasricha as Head – Human Resources, all effective July 24, 2026. Additionally, S S Kothari Mehta & Co. LLP was appointed as Statutory Auditors, subject to shareholder approval. — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_24072026194029_STX240626.pdf)
- 2026-07-24 — Earnings Presentation: Jindal Steel Limited (formerly Jindal Steel & Power Limited) has submitted its Q1FY27 Earnings Presentation on July 24, 2026. The company reported a Profit After Tax of INR 844 crore and Gross Revenue of INR 17,834 crore for the quarter. Key financial highlights include an Adjusted EBITDA of INR 2,667 crore and a Net Debt to EBITDA ratio of 1.71x. The presentation also details operational performance, including crude steel production of 2.40 MT and sales of 2.23 MT, alongside market outlooks and strategic initiatives in AI and sustainability. — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_24072026194705_stx_investor_presentation_240726.pdf)
- 2026-07-24 — Management Change: The Board of Directors of Jindal Steel Limited met on July 24, 2026, approving the Un-audited Financial Results for Q1 FY27, showing INR 17,834 Cr in Gross Revenue and INR 2,667 Cr in Adjusted EBITDA. The board also approved the appointment of Mr. Vidya Rattan Sharma as Additional Director and Managing Director for two years, Mr. Sandeep Modi as Chief Financial Officer, Mr. Rajiv Kumar as Chief Operating Officer, and Mr. Sukhjit S. Pasricha as Head – Human Resources, all effective July 24, 2026. Additionally, S S Kothari Mehta & Co. LLP was appointed as Statutory Auditors, subject to shareholder approval. — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_24072026193944_STX240626.pdf)
- 2026-07-24 — Management Change: The Board of Directors of Jindal Steel Limited met on July 24, 2026, approving the Un-audited Financial Results for Q1 FY27, showing INR 17,834 Cr in Gross Revenue and INR 2,667 Cr in Adjusted EBITDA. The board also approved the appointment of Mr. Vidya Rattan Sharma as Additional Director and Managing Director for two years, Mr. Sandeep Modi as Chief Financial Officer, Mr. Rajiv Kumar as Chief Operating Officer, and Mr. Sukhjit S. Pasricha as Head – Human Resources, all effective July 24, 2026. Additionally, S S Kothari Mehta & Co. LLP was appointed as Statutory Auditors, subject to shareholder approval. — [Official attachment](https://nsearchives.nseindia.com/corporate/JINDALSTEL_24072026193743_STX240626.pdf)
- 2026-07-24 — Management Change: Jindal Steel Limited reported changes in directors/KMP/SMP/auditor/RTA, including the cessation of Sandeep Modi as CFO and the appointment of a new CFO with extensive experience in metals and mining sectors.

## News and market events

- 2026-09-18 — Economic Times: **Motilal Oswal sees surging steel prices to offset cost inflation for metal majors. Here are its top stock picks** — 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. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/motilal-oswal-sees-surging-steel-prices-to-offset-cost-inflation-for-metal-majors-here-are-its-top-stock-picks/articleshow/134327119.cms)
- 2026-09-18 — Mint: **Metal stocks to buy: Tata Steel, JSW Steel among Motilal Oswal’s top picks, up to 17% upside | Check target price** — 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. — [Source](https://www.livemint.com/market/stock-market-news/metal-stocks-to-buy-tata-steel-jsw-steel-among-motilal-oswal-s-top-picks-up-to-17-upside-check-target-price-11789707590645.html)
- 2026-09-16 — MONEYCONTROL: **Nomura retains ‘Buy’ on Tata Steel, JSW Steel, Jindal Steel as steel prices hit four-year high** — Nomura, Tata Steel, Jindal Steel, JSW Steel, Steel, US-Iran war, Donald Trump, Steel prices, Jindal steel stock price today, Tata steel share price — [Source](https://www.moneycontrol.com/news/business/stocks/nomura-retains-buy-on-tata-steel-jsw-steel-jindal-steel-as-steel-prices-hit-four-year-high-14030936.html)
- 2026-09-14 — Economic Times: **From Uzbekistan to Canada: A look at India’s global uranium hunt** — 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. — [Source](https://economictimes.indiatimes.com/industry/renewables/from-uzbekistan-to-canada-a-look-at-indias-global-uranium-hunt/articleshow/134235729.cms)
- 2026-09-13 — Times of India: **The Uranium rush: Inside India's scramble to fuel its nuclear ambitions** — India News: Last month, when Prime Minister Narendra Modi arrived in Tashkent, the headline takeaway was diplomatic. India and Uzbekistan agreed to elevate their . — [Source](https://timesofindia.indiatimes.com/india/the-uranium-rush-inside-indias-scramble-to-fuel-its-nuclear-ambitions/articleshow/134206216.cms)
- 2026-09-13 — Economic Times: **India gets 6.94 lakh tonnes of steel quota annually for exports under India-EU free trade pact** — 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. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/india-gets-6-94-lakh-tonnes-of-steel-quota-annually-for-exports-under-india-eu-free-trade-pact/articleshow/134192305.cms)
- 2026-09-13 — FREEPRESSJOURNAL.IN: **Jindal Steel Builds World's Longest Steel Slag Road In Chhattisgarh, Earns Guinness World Records Recognition** — 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. — [Source](https://www.freepressjournal.in/business/jindal-steel-builds-worlds-longest-steel-slag-road-in-chhattisgarh-earns-guinness-world-records-recognition)
- 2026-09-13 — MONEYCONTROL: **Jindal Steel enters Guinness World Records with 1.85-km road built from steel slag** — Jindal Steel Guinness World Record, Jindal Steel steel slag road, steel slag road India, Raigarh steel slag road, CSIR CRRI steel slag, steel slag aggregates, Jindal Steel Raigarh, waste to wealth India, sustainable road construction, steel slag road technology — [Source](https://www.moneycontrol.com/news/business/jindal-steel-enters-guinness-world-records-with-1-85-km-road-built-from-steel-slag-14028856.html)
- 2026-09-13 — Economic Times: **Jindal Steel builds world’s longest steel slag road, enters Guinness World Records** — Jindal Steel achieved a Guinness World Records title for constructing the world's longest road. This 1.85-km four-lane road was built exclusively with processed steel slag aggregates. Around two lakh tonnes of steel slag replaced natural aggregates, reducing quarrying dependence. Scientifically processed steel slag offers cost-effectiveness and durability compared to traditional road materials. India's steel ministry promotes this technology for large-scale industrial by-product utilization. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jindal-steel-builds-worlds-longest-steel-slag-road-enters-guinness-world-records/articleshow/134185072.cms)
- 2026-09-12 — NEWS.WEBINDIA123.COM: **Jindal Steel Builds Worlds Longest Steel Slag Road, Sets Guinness World Record** — Jindal Steel Limited — [Source](https://news.webindia123.com/news/articles/business/20260912/4497905.html)
- 2026-09-12 — IANSLIVE.IN: **Steel slag roads can cut costs by 40 pc, last longer: Dr Jitendra Singh** — New Delhi, Sep 12 (IANS) Steel slag road technology can reduce road construction costs by around 40 per cent while delivering four times the strength of conventional roads, Union Minister of State (Independent Charge) for Science and Technology Dr Jitendra Singh said on Saturday and called for its adoption across sectors and states. — [Source](https://ianslive.in/steel-slag-roads-can-cut-costs-by-40-pc-last-longer-dr-jitendra-singh--20260912172319)
- 2026-09-10 — BUSINESSTODAY: **Tata Steel, JSW Steel, SAIL, Jindal Steel: Top metal stocks to buy; check fresh targets & more** — Stocks in news, Stocks to watch, Stocks in buzz, Stocks to buy, Jindal Steel, JSW Steel, Tata Steel, Steel Authority of India, SAIL, Jindal Steel shares, JSW Steel shares, Tata Steel shares, SAIL shares, Jindal Steel share price, JSW Steel share price, Tata Steel share price, SAIL share price, Jindal Steel stock price, JSW Steel stock price, Tata Steel stock price, SAIL stock price, Jindal Steel target price, JSW Steel target price, Tata Steel target price, SAIL target price — [Source](https://www.businesstoday.in/markets/stocks/story/tata-steel-jsw-steel-sail-jindal-steel-top-metal-stocks-to-buy-check-fresh-targets-more-554604-2026-09-10)
- 2026-09-10 — Mint: **Swiggy, Jindal Steel among stocks to buy? Kotak Securities' expert bullish on 3 shares for short term | Do you own any?** — Stocks to buy: Kotak Securities' Amol Athawale identifies three stocks—Swiggy, Cummins India, and Jindal Steel—that traders should consider in the short term. With specific targets and strategic stop-loss levels, these tips could help navigate the volatility. — [Source](https://www.livemint.com/market/stock-market-news/swiggy-jindal-steel-among-stocks-to-buy-kotak-securities-expert-bullish-on-3-shares-for-short-term-do-you-own-any-11789026733235.html)
- 2026-09-10 — BUSINESS: **Nifty above 23,400 level; metal shares under pressure** — At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 9.12 points or 0.02% to 74,762.18. The Nifty 50 index rose 4.60 points or 0.02% to 23,437.45. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-above-23-400-level-metal-shares-under-pressure-126091000336_1.html)
- 2026-09-08 — Mint: **Steel prices hit four-year high despite seasonal weakness; outlook brightens** — Steel prices in India hit a four-year high, driven by strong demand and supply constraints.  — [Source](https://www.livemint.com/market/mark-to-market/steel-prices-india-hrc-rebar-prices-11788848872945.html)
- 2026-09-05 — Times of India: **NTPC, Talcher Fertilisers apply under Rs 37,500cr coal gasification scheme** — India News: NEW DELHI: At least two companies - state-run NTPC and public sector JV Talcher Fertilisers - have submitted applications under the Rs 37,500-crore su. — [Source](https://timesofindia.indiatimes.com/india/ntpc-talcher-fertilisers-apply-under-rs-37500cr-coal-gasification-scheme/articleshow/133809775.cms)
- 2026-08-28 — CNBC-TV18: **Jindal Steel shares gain as analyst raises target on recovery in long steel prices** — The brokerage has a "buy" rating on the Jindal Steel stock and raised its target price by over 5% to ₹1,350 per share from its previous ₹1,280 apiece. This indicates an upside of 15.4% from its previous close. — [Source](https://www.cnbctv18.com/market/jindal-steel-share-price-brokerage-kotak-rating-target-price-raise-upside-recovery-long-steel-19978796.htm)
- 2026-08-27 — BUSINESS: **Market trade lower; metal shares lacklustre** — Metal stocks retreated after advancing in the previous session — [Source](https://www.business-standard.com/markets/capital-market-news/market-trade-lower-metal-shares-lacklustre-126082700655_1.html)
- 2026-08-27 — CNBC-TV18: **Long steel prices could rise further; Axis Capital prefers Jindal Steel over SAIL** — Axis Capital's Amit Murarka says long steel prices, up sharply over the past month and a half, still have room to rise as post-monsoon demand returns and coking coal costs climb. He favors Jindal Steel over SAIL to play the rally and names JSW Steel as the sector's top structural pick. — [Source](https://www.cnbctv18.com/market/long-steel-rally-room-to-run-axis-capital-amit-murarka-prefers-jindal-jsw-steel-sail-hrc-rebar-prices-19978269.htm)
- 2026-08-27 — MONEYCONTROL: **Trade Spotlight: How should you trade Aditya Infotech, Nykaa, Cochin Shipyard, SAIL, Jindal Steel, Tamilnad Mercantile Bank, and others on August 27?** — Trade Spotlight, Buy Ideas,Top Buy Ideas,Top Picks,Stock Picks,Top Stock Picks,Share Tips,Share Market Tips,Stock Tips,Stock Market Tips,Aditya Infotech — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-aditya-infotech-nykaa-cochin-shipyard-sail-jindal-steel-tamilnad-mercantile-bank-and-others-on-august-27-14016441.html)
- 2026-08-25 — MONEYCONTROL: **Nomura picks Jindal Steel as preferred tactical bet in India steel; maintains 'Buy' on Tata Steel, JSW Steel** — Nomura, Jindal Steel, Tata Steel, JSW Steel, Steel companies, steel stocks — [Source](https://www.moneycontrol.com/news/business/stocks/nomura-picks-jindal-steel-as-preferred-tactical-bet-in-india-steel-maintains-buy-on-tata-steel-jsw-steel-14014922.html)
- 2026-08-25 — Times of India: **Top stocks to buy today: Stock market recommendations for August 25, 2026 - check list** — India Business News: Stock market recommendations: Jindal Steel, Bajaj Auto, Engineers India, and NMDC - these have been recommended as the top stocks to buy today on Augu. — [Source](https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-august-25-2026-jindal-steel-bajaj-auto-engineers-india-nmdc-stocks-to-buy-today/articleshow/133471795.cms)
- 2026-08-20 — NEWS.WEBINDIA123.COM: **Jindal Steel Partners with IIT Hyderabad to Establish Centre of Excellence for Advanced Steel Solutions** — Jindal Steel Limited — [Source](https://news.webindia123.com/news/articles/business/20260820/4488988.html)
- 2026-08-18 — BUSINESSTODAY: **Tata Steel, JSW Steel, Jindal Steel share price targets: 3 metal stocks to buy** — Tata Steel share price, JSW Steel share price, Jindal Steel share price, stocks to buy — [Source](https://www.businesstoday.in/markets/stocks/story/tata-steel-jsw-steel-jindal-steel-share-price-targets-3-metal-stocks-to-buy-549782-2026-08-18)
- 2026-08-14 — Mint: **Jindal Steel targets 21 mt capacity by 2032, new CEO seeks leadership stability | Company Business News** — Returning MD & CEO V.R. Sharma says the steelmaker will prioritize value-added specialized grades, internal leadership talent, and a measured 20–21 mt expansion rather than chasing volume at any cost. — [Source](https://www.livemint.com/companies/news/jindal-steel-naveen-jindal-vr-sharma-11786678668792.html)

## Business profile

**Strategic vision:** Integrated steel producer with a mine-to-metal model.

### Business segments
- **Integrated Steel Manufacturing:** The company's operations span the entire value chain from mining raw materials and captive power generation to manufacturing high-grade steel.

### Competitive strengths
- 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.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/jindalstel
Markdown representation: https://faxioms.com/stocks/jindalstel?render=md