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As of 18 Sept 2026, 03:30 pm
Jindal Stainless Limited has integrated Environmental, Social, and Governance (ESG) risk intelligence into its supplier management using SAP Ariba Supplier Risk, moving to a digital-first model for continuous monitoring and risk scoring. Separately, on September 17, 2026, Crisil ESG Ratings & Analytics assigned the company an ESG rating of 'Crisil ESG 63' and a Core ESG rating of 'Crisil Core ESG 65'. This assessment was based on publicly available information and conducted without direct company engagement.
On September 7, 2026, Jindal Stainless announced a Technical Assistance Agreement with Japan's JFE Steel Corporation. This collaboration aims to enhance product quality and manufacturing practices for specific ferritic stainless steel grades, with the goal of improving process efficiency and supporting growth in sectors such as automotive, infrastructure, and railways. In FY26, Jindal Stainless reported an annual turnover of ₹42,955 crore.
At the 46th Annual General Meeting held on September 2, 2026, shareholders approved resolutions including a final dividend of ₹3 per equity share for the financial year ended March 31, 2026. Mr. Ratan Jindal was re-appointed as Chairman & Managing Director with 93.40% shareholder support, and the remuneration for cost auditors was ratified. The meeting confirmed that all proposed resolutions passed.
As of September 18, 2026, the daily trend for Jindal Stainless Limited is indicated as bullish, with the closing price at ₹750.95 being above the 20-day Exponential Moving Average (EMA) of ₹735.5 and the 50-day EMA of ₹729.36. The Supertrend indicator is also showing a bullish signal at ₹709.53. However, the monthly trend is indicated as bearish, with the Supertrend at ₹997.13 and the closing price below this level.
As of 18 Sept 2026, 03:30 pm
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Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price swings are higher than typical
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
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.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
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 | ₹11,278.54 crore | PEAK₹11,337.19 crore | ₹10,517.55 crore | ₹10,892.78 crore | ₹10,207.14 crore |
In the first quarter of fiscal 2027, Jindal Stainless Ltd. reported revenue of ₹11,278.54 crore, a marginal 0.5% decline from the previous quarter’s high but 10.5% above the same quarter last year. Profit before tax fell 7.1% sequentially to ₹1,033.59 crore, while net profit dropped 7.9% to ₹768.66 crore. Both revenue and profitability remained comfortably above year-ago levels, though profit margins contracted compared with the prior quarter.
Basic earnings per share from continuing operations stood at ₹9.34, down from ₹10.24 in the fourth quarter of fiscal 2026 but up from ₹8.67 in the year-ago period. Diluted EPS followed the same pattern, at ₹9.32 compared with ₹10.22 and ₹8.66, respectively. Comprehensive income for the quarter was ₹766.03 crore, similarly lower than the ₹920.15 crore reported in the previous quarter but above the ₹713.57 crore of Q1 FY2026.
Exchange disclosures and regulatory announcements for Jindal Stainless.
On September 18, 2026, Jindal Stainless signed an agreement with India's National Council for Vocational Education and Training (NCVET) to be recognized as an Awarding Body, enabling it to develop and offer government-recognized, industry-led qualifications for the stainless steel sector. NCVET approved the company's first qualification, 'Stainless Steel Decorative Pipe & Tube Manufacturing Operator' at NSQF Level 4. The recognition, tied to its Stainless Academy skilling initiative, allows Jindal Stainless to award, assess, and certify learners at its owned or fully managed training centers. The company reported FY26 annual turnover of INR 42,955 crore (USD 4.86 billion) and annual melt capacity of 4.2 million tonnes.
On September 17, 2026, Jindal Stainless Limited disclosed that Crisil ESG Ratings & Analytics independently assigned the company an ESG rating of 'Crisil ESG 63' and a Core ESG rating of 'Crisil Core ESG 65' based on publicly available information. The filing confirms that the company did not engage Crisil for this assessment, which was conducted without direct involvement from Jindal Stainless Limited.
Jindal Stainless Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
On September 9, 2026, Jindal Stainless Limited announced the successful deployment of SAP Ariba Supplier Risk with Environmental, Social, and Governance (ESG) capabilities to integrate risk intelligence into its supplier management processes. This initiative transitions the company from periodic manual assessments to a digital-first model featuring continuous monitoring, risk scoring, and structured visibility across the supplier lifecycle. Managing Director Abhyuday Jindal highlighted the move as a critical step in aligning digital transformation with sustainability goals to enhance supply chain resilience and responsible sourcing.
On September 7, 2026, Jindal Stainless announced a Technical Assistance Agreement with Japan's JFE Steel Corporation to enhance product quality and manufacturing practices for selected ferritic stainless steel grades. The collaboration aims to improve process efficiency and support growth in sectors like automotive, infrastructure, and railways. Jindal Stainless reported an annual turnover of INR 42,955 crore (USD 4.86 billion) in FY26 and an annual melt capacity of 4.2 million tonnes.
Jindal Stainless Limited held its 46th Annual General Meeting on September 2, 2026, where shareholders approved five resolutions including the declaration of a final dividend of ₹3 per equity share for the financial year ended March 31, 2026. The meeting also resulted in the re-appointment of Chairman & Managing Director Mr. Ratan Jindal by rotation with 93.40% support and the ratification of remuneration for cost auditors M/s. Ramanath Iyer & Co. Scrutinizer Kamal Gupta certified the voting process conducted via remote e-voting and video conferencing, confirming that all proposed resolutions were passed.
Jindal Stainless Limited held its 46th Annual General Meeting on September 2, 2026, where shareholders approved the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The meeting resulted in the declaration of a final dividend of ₹3 per equity share and the re-appointment of Mr. Ratan Jindal as Director, with Mr. Ajay Mankotia chairing the specific agenda item due to conflict of interest. Additionally, the ratification of remuneration for cost auditors M/s. Ramanath Iyer & Co. for the 2026-27 financial year was considered, and voting results are pending submission to stock exchanges following scrutiny by Mr. Kamal Gupta.
Jindal Stainless Limited filed a corporate presentation for August 2026 with stock exchanges on September 1, 2026, under Regulation 30 of SEBI LODR. The presentation details the company's position as India's #1 and the world's #5 stainless steel producer (ex-China), with a consolidated revenue of approximately ₹440 billion and EBITDA of approximately ₹56 billion for the trailing twelve months ending June 30, 2026. It outlines a 4.2 million tonnes per annum stainless steel capacity, exports to over 50 countries, and a product mix of more than 120 grades.
Recent market and company developments associated with Jindal Stainless.
In the primary market, the NSE IPO was fully subscribed, while investors continued to track subscription trends in other ongoing issues and monitor the listing performance of recently listed companies.
Abakkus
India is set to develop its first 100% hydrogen-powered Direct Reduced Iron (DRI) plant, a Rs 207-crore national pilot project led by CSIR-IMMT. This initiative aims to significantly reduce carbon emissions in the steel sector and achieve net-zero commitments, focusing on adapting the technology to India's domestic iron ore conditions.
Jindal Steel Limited
A country that skips the formal consultation process does not exempt itself from the resulting rules—it simply accepts an outcome written by others.
BRICS, BRICS 2026
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.
Jindal Stainless has signed a technical assistance agreement with Japans JFE Steel Corporation to strengthen its manufacturing capabilities for selected ferritic stainless steel grades, with a focus on improving product quality, manufacturing practices and process efficiency.
Comprehensive Section Breakdown for Jindal Stainless
Strategic Vision: Manufactures and distributes stainless steel products globally.
• Integrated stainless steel manufacturing and processing operations.
• Extensive global distribution network.
• Focus on sustainable manufacturing processes.
• Diversification into the retail market with specialized products.
Revenue from operations was ₹11,278.54 crore, down ₹58.65 crore (0.5%) from the ₹11,337.19 crore recorded in the fourth quarter of fiscal 2026. The decline follows a 7.8% jump in the previous quarter and is a small pullback from the highest revenue of the five-quarter period.
Compared with the first quarter of fiscal 2026 (₹10,207.14 crore), revenue increased by ₹1,071.40 crore, or 10.5%. The current quarter’s revenue is the second-highest in the available sequence, trailing only the immediately preceding quarter.
Over the five quarters from Q1 FY2026 to Q1 FY2027, revenue showed alternating movements: it rose from Q1 to Q2, fell in Q3, surged in Q4, and then edged down in the latest quarter. The range spanned ₹10,207.14 crore to ₹11,337.19 crore. The average revenue over these five quarters was ₹10,846.64 crore, so the current quarter’s figure remains above the period’s average, indicating that the revenue level is still elevated relative to earlier quarters.
Profit before tax (PBT) for the quarter was ₹1,033.59 crore, a decline of ₹78.73 crore (7.1%) from ₹1,112.32 crore in the previous quarter. Year-on-year, PBT grew by ₹64.54 crore (6.7%) from ₹969.05 crore in Q1 FY2026. Net profit for the period (from continuing operations) was ₹768.66 crore, down 7.9% sequentially but up 7.6% compared with the same quarter last year.
The PBT margin (PBT as a percentage of revenue) narrowed to 9.2% from 9.8% in the prior quarter, and was also below the 9.5% margin recorded in the year-ago period. Similarly, the net profit margin contracted to 6.8% from 7.4% in Q4 FY2026 and 7.0% in Q1 FY2026. The steeper decline in profit relative to the small revenue dip indicates that the combination of costs, other income, and taxes moved unfavorably in the quarter.
The profit was derived after accounting for other income of ₹118.39 crore. Key expense items included cost of materials consumed at ₹7,860.99 crore, employee benefit expense of ₹292.61 crore, finance costs of ₹146.19 crore, and depreciation of ₹302.36 crore. A decrease in inventories of finished goods, work-in-progress, and stock-in-trade of ₹811.70 crore was recorded, which reduced total expenses. Finance costs edged down 1.8% from ₹148.80 crore in the prior quarter, but the overall profit decline suggests that other expense movements or the absence of a similar inventory credit in the previous quarter more than offset this small saving.
Jindal Stainless’s first-quarter revenue was nearly flat compared with the prior quarter’s peak, while profit fell more noticeably. Revenue and profit both remained well above the same quarter last year. The sequential drop in profit, along with narrower margins, points to a cost and income mix that was less favorable than in the immediately preceding quarter, even after a small reduction in finance costs. Overall, the quarter represents a pause in the upward trajectory that had marked the end of fiscal 2026, with year-on-year growth still intact.
Category: Manufacturing
Operates integrated stainless steel manufacturing and processing facilities, producing slabs, blooms, coils, plates, sheets, and more.
Category: B2B Services
Launched the 'Jindal Infinity' brand to directly target builders and consumers with corrosion-resistant stainless steel rebars.
Key Products & Services: Jindal Infinity
Core Thesis: Expanding from B2B manufacturing to direct retail sales to capture new market segments.
• Integrated Manufacturing: Operates 16 stainless steel manufacturing and processing facilities across multiple countries. • Global Distribution: Distributes products through a worldwide network with sales offices and service centers. • Sustainable Practices: Utilizes electric arc furnaces to reduce emissions and facilitate material recyclability. • Retail Market Entry: Launched 'Jindal Infinity' brand to directly serve builders and consumers.