# Jindal Stainless (JSL) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹700
- Change: +2.06%
- As of: 2026-11-06
- 1D return: +2.06%
- 5D return: +3.86%
- 1M return: -0.79%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

JSL (₹700.00) is in a confirmed bearish trend across daily, weekly, and monthly timeframes, with price trading below all key moving averages and the Supertrend. The monthly ADX of 37.42 indicates an established downtrend, while the daily ADX of 17.27 suggests weak momentum. Despite this structural weakness, the stock has shown resilience near recent lows, closing at ₹700.00 after a wide intraday range (+5.3%) on 2026-11-06 that formed a Bullish Engulfing Reversal pattern on the weekly chart. This suggests potential short-term stabilization, though the broader context remains negative. YTD returns are -18.0%, and the stock is currently 19.1% below its available high. Immediate resistance lies at ₹708.15 (1.16% above), while support is found at ₹697.00 (0.43% below). A break above ₹708.15 would be required to challenge the immediate bearish structure, whereas a drop below ₹697.00 could expose further downside toward ₹690.65.

- Trend: Bearish across all timeframes; Monthly ADX (37.42) shows established downtrend, Daily ADX (17.27) indicates weak momentum.
- Price Action: Closed at ₹700.00 on 2026-11-06 following a +5.3% wide intraday range and a weekly Bullish Engulfing pattern.
- Levels: Resistance at ₹708.15 (+1.16%); Support at ₹697.00 (-0.43%).
- Risk: Current drawdown is -19.1%; Annualized volatility is +33.5%.
- Confirmation: Price must sustain above ₹708.15 to signal short-term strength; failure to hold ₹697.00 risks further decline.

- Bullish Engulfing Reversal
- Outside Bar
- Bearish Engulfing Reversal
- Doji
- Inside Bar
- Morning Star

### News Context

Jindal Stainless Limited (JSL) reported double-digit quarter-on-quarter growth in sales volume and net revenue for Q2 FY27, recovering from disruptions seen in Q1. Despite this operational recovery, the company revised its full-year volume growth guidance downward to 4%-6% (from 7%-9%), while raising EBITDA per ton guidance to ₹20,000-₹22,000. Management highlighted ongoing challenges related to import dumping from China following the suspension of Quality Control Orders. On the corporate action front, JSL completed the acquisition of Ampin C&I Three Private Limited for a total committed investment of approximately ₹13.83 crores to secure a 40 MW solar captive energy project. Additionally, the board approved the amalgamation of four wholly owned subsidiaries and secured an upgrade of its long-term debt credit rating to AA+ Stable by CARE Ratings. Market-wise, JSL’s shares closed at ₹700.0 on November 6, 2026, reflecting a year-to-date decline of 18.0% and a current drawdown of 19.1%, with technical indicators signaling a bearish trend across daily, weekly, and monthly timeframes.

- Q2 FY27 Performance: Double-digit q-o-q growth in sales volume and net revenue; full-year volume guidance cut to 4%-6% (from 7%-9%), but EBITDA/ton raised to ₹20,000-₹22,000.
- Corporate Actions: Completed acquisition of Ampin C&I Three for ~₹13.83 crores (total stake 24.21%) for a 40 MW solar project; board approved amalgamation of four subsidiaries; credit rating upgraded to AA+ Stable by CARE Ratings.
- Market Context: Stock closed at ₹700.0 on Nov 6, 2026; YTD return is -18.0% with a current drawdown of -19.1%; technical trends are bearish across daily, weekly, and monthly charts.

- Jindal Stainless Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Jindal Stainless Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Jindal Stainless Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL
- Jindal Stainless Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition
- Jindal Stainless Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates

### Official Filings

Jindal Stainless Limited (JSL) reported strong operational recovery in Q2 FY27, with consolidated revenue rising to ₹12,874 crore and net profit (PAT) reaching ₹898 crore, driven by double-digit quarter-on-quarter volume growth. The company upgraded its long-term credit rating to AA+ Stable by CARE Ratings, reflecting improved financial standing, while maintaining a conservative net debt-to-equity ratio of 0.15x. Management revised full-year volume growth guidance downward to 4%-6% but raised EBITDA per ton guidance to ₹20,000–₹22,000, signaling confidence in margin resilience despite headwinds from Chinese import dumping.

Structurally, JSL’s Board approved the amalgamation of four wholly owned subsidiaries—Chromeni Steels, Rabirun Vinimay, JSL Super Steel, and Jindal United Steel—into the parent company, aimed at simplifying governance and reducing compliance costs. This scheme requires shareholder and NCLT approvals, with an appointed date of April 1, 2027. Additionally, JSL completed the acquisition of Ampin C&I Three Private Limited for approximately ₹13.83 crores to secure a 40 MW captive solar project, enhancing energy self-sufficiency. Financially, the quarter included a ₹95.63 crore exceptional gain from tax provision write-backs and the full redemption of ₹99 crore in listed secured NCDs, leaving no outstanding debt instruments.

- Q2 FY27 Consolidated PAT: ₹898 crore; Revenue: ₹12,874 crore; Net Debt/Equity: 0.15x
- Credit Rating Upgrade: Long-term borrowing rating raised to AA+ (Stable) by CARE Ratings
- Guidance Revision: Full-year volume growth lowered to 4%-6%; EBITDA per ton raised to ₹20,000-₹22,000
- Corporate Restructuring: Board-approved amalgamation of four subsidiaries into JSL, subject to NCLT/shareholder approval
- Captive Energy Acquisition: Completed purchase of Ampin C&I Three for ~₹13.83 cr for a 40 MW solar project
- Debt Redemption: Fully redeemed ₹99 crore in listed secured NCDs; zero outstanding NCDs at reporting date

- [Jindal Stainless Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/JSL_28102026212033_JSLSEintimationtranscripts.pdf)
- [Jindal Stainless Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2156_WebXMLFile_20261028_212257526.xml)
- [Jindal Stainless Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2156_WebXMLFile_20261028_220007343.xml)
- [Jindal Stainless Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/JSL_28102026215716_JSL_Draft_Stock_Exchange_Intimation-Ampin_Acquisition_-_Finalsd.pdf)
- [Jindal Stainless Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/JSL_23102026200136_JSLAudiorecordingSD.pdf)
- [JINDAL STAINLESS LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2156_WebXMLFile_20261023_202439903.xml)
- [Jindal Stainless Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/JSL_22102026152342_JSLRES.pdf)
- [Jindal Stainless Limited has informed the Exchange about Amalgamation/Merger |SUBJECT: Amalgamation/Merger](https://nsearchives.nseindia.com/corporate/JSL_22102026153123_JSLRES.pdf)
- [Jindal Stainless Limited has informed the Exchange regarding a press release dated October 22, 2026, titled "Press release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/JSL_22102026155830_PRESSRELEASE.pdf)
- [JINDAL STAINLESS LIMITED has informed the Exchange regarding Amalgamation/ Merger |SUBJECT: Amalgamation OR Merger-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2156_WebXMLFile_20261022_161248786.xml)

### Fundamentals

Jindal Stainless (JSL) demonstrated robust earnings expansion in Q2 FY2026-27, with revenue rising 18% year-on-year to ₹12,874 crore and net profit increasing to ₹898 crore. This follows a strong annual trajectory where sales grew to ₹42,955 crore in FY2026 and net profit reached ₹3,185 crore. Earnings quality remains high, evidenced by a TTM EPS of ₹40.46 and consistent promoter shareholding increases to 62.54%. However, cash conversion efficiency has deteriorated; CFO/EBITDA dropped to 80% in FY2026 from 119% in FY2025, and operating cash flow fell to ₹3,395 crore. The balance sheet reflects active capacity addition, with borrowings rising to ₹7,645 crore and CWIP jumping to ₹2,887 crore by September 2026. While working capital days improved significantly to 5 days, the inventory buildup to ₹11,205 crore warrants attention alongside higher finance costs of ₹165 crore in Q2.

- Revenue growth accelerated to 18% YoY in Q2 FY2026-27, reaching ₹12,874 crore, while net profit rose to ₹898 crore.
- Cash conversion weakened materially: CFO/EBITDA ratio fell to 80% in FY2026, and operating cash flow declined to ₹3,395 crore.
- Balance sheet expansion continues with borrowings at ₹7,645 crore and CWIP surging to ₹2,887 crore as of Sep 2026.
- Promoter holding increased to 62.54%, signaling confidence, though FIIs reduced stakes to 20.07%.

### Bear Case

Jindal Stainless (NSE: JSL) exhibits a pronounced bearish technical setup as of 6 November 2026, with the stock trading at ₹700.00 after closing down from ₹685.85 previously. The daily Supertrend is bearish, reinforced by negative slopes in both the 20-day EMA (-8.74) and SMA (-11.61), while the Plus DI (14.83) trails significantly behind the Minus DI (23.58), indicating sustained selling pressure. This weakness is consistent across timeframes; the monthly trend also shows a bearish Supertrend direction despite higher volatility (ADX 37.42). Performance metrics reflect this deterioration, with year-to-date returns at -18.0% and a six-month return of -8.7%. The stock is currently in a significant drawdown of -19.1%, approaching its maximum historical drawdown of -26.4%. Immediate downside support lies near ₹697.00, with further levels at ₹690.65 and ₹679.50, while resistance remains close at ₹708.15. High annualized volatility of +33.5% suggests continued price instability.

- Daily and monthly Supertrends are bearish, with daily Minus DI (23.58) substantially exceeding Plus DI (14.83), signaling dominant seller control.
- Year-to-date performance is -18.0%, with a current drawdown of -19.1% nearing the all-time high of -26.4%.
- Price action is constrained between immediate support at ₹697.00 and resistance at ₹708.15, with low ADX (17.27) suggesting weak but persistent downward momentum.
- High annualized volatility (+33.5%) and an ATR of 3.19% indicate elevated risk and wide intraday price swings.

- [Jindal Stainless Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/JSL_28102026212033_JSLSEintimationtranscripts.pdf)
- [Jindal Stainless Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2156_WebXMLFile_20261028_212257526.xml)
- [Jindal Stainless Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2156_WebXMLFile_20261028_220007343.xml)
- [Jindal Stainless Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/JSL_28102026215716_JSL_Draft_Stock_Exchange_Intimation-Ampin_Acquisition_-_Finalsd.pdf)
- [Jindal Stainless Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/JSL_23102026200136_JSLAudiorecordingSD.pdf)
- [JINDAL STAINLESS LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2156_WebXMLFile_20261023_202439903.xml)
- [Jindal Stainless Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/JSL_22102026152342_JSLRES.pdf)
- [Jindal Stainless Limited has informed the Exchange about Amalgamation/Merger |SUBJECT: Amalgamation/Merger](https://nsearchives.nseindia.com/corporate/JSL_22102026153123_JSLRES.pdf)
- [Jindal Stainless Limited has informed the Exchange regarding a press release dated October 22, 2026, titled "Press release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/JSL_22102026155830_PRESSRELEASE.pdf)
- [JINDAL STAINLESS LIMITED has informed the Exchange regarding Amalgamation/ Merger |SUBJECT: Amalgamation OR Merger-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2156_WebXMLFile_20261022_161248786.xml)

### FAQs

**What changes did Jindal Stainless make to its FY27 growth guidance following the Q2 earnings call?**

On October 23, 2026, management revised full-year volume growth guidance downward to 4%-6%, down from the previous 7%-9%. Conversely, EBITDA per ton guidance was raised to INR20,000-INR22,000. This shift reflects a recovery in sales volume and net revenue after Q1 disruptions, despite the lower volume expectations.

**How has JSL strengthened its balance sheet and operational structure recently?**

JSL upgraded its long-term debt credit rating to AA+ Stable by CARE Ratings. Additionally, the board approved the amalgamation of four wholly owned subsidiaries: Jindal United Steel Limited, Chromeni Steels Limited, JSL Super Steels Limited, and Rabirun Vinimay Private Limited. These actions aim to streamline operations and enhance financial credibility.

**What is the status of JSL's renewable energy investment?**

On October 28, 2026, JSL completed the acquisition of Ampin C&I Three Private Limited for approximately ₹5.08 crores, bringing the total committed investment to ₹13.83 crores. Ampin holds a 24.21% stake in an SPV developing a 40 MW solar project expected to produce 61.73 million units annually for captive consumption.

**What are the current technical price levels and trend indicators for JSL stock?**

As of November 6, 2026, JSL closed at ₹700.0 with a bearish daily supertrend. Immediate resistance lies at ₹708.15 (1.16% above), while support is noted at ₹697.0 (0.43% below). The stock has declined 18.0% year-to-date and is currently in a 19.1% drawdown from its peak.

- [Jindal Stainless Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/JSL_28102026212033_JSLSEintimationtranscripts.pdf)
- [Jindal Stainless Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2156_WebXMLFile_20261028_212257526.xml)
- [Jindal Stainless Limited has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2156_WebXMLFile_20261028_220007343.xml)
- [Jindal Stainless Limited has informed the Exchange about Acquisition |SUBJECT: Acquisition](https://nsearchives.nseindia.com/corporate/JSL_28102026215716_JSL_Draft_Stock_Exchange_Intimation-Ampin_Acquisition_-_Finalsd.pdf)
- [Jindal Stainless Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/JSL_23102026200136_JSLAudiorecordingSD.pdf)
- [JINDAL STAINLESS LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2156_WebXMLFile_20261023_202439903.xml)
- [Jindal Stainless Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/JSL_22102026152342_JSLRES.pdf)
- [Jindal Stainless Limited has informed the Exchange about Amalgamation/Merger |SUBJECT: Amalgamation/Merger](https://nsearchives.nseindia.com/corporate/JSL_22102026153123_JSLRES.pdf)
- [Jindal Stainless Limited has informed the Exchange regarding a press release dated October 22, 2026, titled "Press release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/JSL_22102026155830_PRESSRELEASE.pdf)
- [JINDAL STAINLESS LIMITED has informed the Exchange regarding Amalgamation/ Merger |SUBJECT: Amalgamation OR Merger-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2156_WebXMLFile_20261022_161248786.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹690.65
- Risk regime: Price Risk Requires Attention

### Support levels
- 616.7
- 593.2
- 582.95

### Resistance levels
- 710.375
- 720.96015625
- 743.3223205566406

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.06% |
| return_10 | +1.83% |
| return_1m | -6.78% |
| return_1y | -4.08% |
| return_20 | -0.79% |
| return_3m | -4.44% |
| return_5 | +3.86% |
| return_6m | -8.65% |
| return_since_start | +0.45% |
| return_ytd | -18.01% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -26.44% |
| annualized_volatility | +33.53% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Jindal Stainless Limited FY2026-27 Q2: Revenue up 18%, profit up 11% year on year

Jindal Stainless reported consolidated revenue from operations of ₹12,874 crore in Q2 FY2026-27, up 18.2% year on year and 14.1% sequentially. Profit for the period rose 11.1% year on year to ₹898 crore and 16.8% from Q1; the sequential increase included a positive exceptional item of ₹116 crore.

## Revenue and expenses increased

Total income was ₹13,008 crore, up 18.4% from Q2 FY2025-26 and 14.1% from Q1 FY2026-27. Expenses rose 20.2% year on year and 15.0% sequentially to ₹11,923 crore, outpacing revenue growth on both comparisons. Cost of materials consumed was ₹9,708 crore. The reported change in inventories of finished goods, work in progress and stock in trade was negative ₹685 crore.

## Exceptional item boosted reported pre-tax profit

Profit before exceptional items and tax was ₹1,085 crore, up 2.2% year on year and 5.0% sequentially. A positive exceptional item of ₹116 crore brought profit before tax to ₹1,201 crore, up 11.4% year on year and 16.2% from Q1, when there was no exceptional item. Tax expense was ₹303 crore, leaving profit for the period at ₹898 crore. Of this, ₹895 crore was attributable to owners of the parent and ₹3 crore to non-controlling interests.

Basic EPS was ₹10.85, up 10.7% from ₹9.80 in Q2 FY2025-26 and 16.2% from ₹9.34 in Q1 FY2026-27.

## Management commentary and sales

Management described Q2 as a resilient recovery following Q1 operational disruptions, which it attributed to the geopolitical situation and constraints on industrial gas availability. Finished goods sales volume increased 2.5% year on year to 6,64,378 tonnes. Exports grew 36% year on year and 20% quarter on quarter, representing 11% of total sales. Management said the suspension of Quality Control Orders had led to an influx of substandard stainless-steel imports into India, particularly from China, and that it focused on sustaining volumes in domestic markets while pursuing new export markets. The company reported EBITDA of ₹1,433 crore, up 3.2% year on year.

## Borrowings, equity and working capital

At 30 September 2026, borrowings comprised ₹4,245 crore of non-current borrowings and ₹2,752 crore of current borrowings, compared with ₹4,059 crore and ₹2,669 crore, respectively, at 30 September 2025. Equity attributable to owners of the parent stood at ₹21,253 crore, up from ₹18,079 crore a year earlier.

Inventories were ₹11,205 crore at 30 September 2026, compared with ₹10,079 crore at 30 September 2025. Current trade receivables rose to ₹3,712 crore from ₹3,051 crore over the same period. These higher working-capital balances are notable alongside the increase in borrowings.

## Key Takeaway

Revenue and profit advanced year on year, but expenses grew faster than revenue and pre-exceptional profit increased only modestly. The positive exceptional item contributed to stronger reported pre-tax profit, while higher inventories, receivables and borrowings are important balance-sheet developments to monitor.

### Ratios

## Shareholding pattern

- Quarter: FY2026-Q3
- As of: 2025-12-31
- Promoter holding: +61.23%
- FII holding: +21.53%
- DII holding: +7.23%
- Mutual fund holding: +3.12%
- Retail holding: +6.87%
- Promoter pledged: +0.00%

### Major reported shareholders

- JSL OVERSEAS HOLDING LTD — +16.31% (Bodies Corporate)
- JSL OVERSEAS LTD — +12.28% (Bodies Corporate)
- Virtuous Tradecorp Private Limited — +7.45% (Bodies Corporate)
- ELM PAPARK FUND LIMITED — +4.59%
- Sun Investments Pvt Ltd — +3.33% (Bodies Corporate)
- ALBULA INVESTMENT FUND LTD — +2.59%
- Jindal Equipment Leasing And Consultancy Services Limited — +2.05% (Bodies Corporate)
- Jindal Strips Limited — +1.90% (Bodies Corporate)
- Naveen Jindal — +1.78%
- Vrindavan Services Private Limited — +1.77% (Bodies Corporate)

## Official filings

- 2026-10-28 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_28102026212033_JSLSEintimationtranscripts.pdf)
- 2026-10-28 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2156_WebXMLFile_20261028_212257526.xml)
- 2026-10-28 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2156_WebXMLFile_20261028_220007343.xml)
- 2026-10-28 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_28102026215716_JSL_Draft_Stock_Exchange_Intimation-Ampin_Acquisition_-_Finalsd.pdf)
- 2026-10-23 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_23102026200136_JSLAudiorecordingSD.pdf)
- 2026-10-23 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2156_WebXMLFile_20261023_202439903.xml)
- 2026-10-22 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_22102026152342_JSLRES.pdf)
- 2026-10-22 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_22102026153123_JSLRES.pdf)
- 2026-10-22 — Press Release: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_22102026155830_PRESSRELEASE.pdf)
- 2026-10-22 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2156_WebXMLFile_20261022_161248786.xml)
- 2026-10-22 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2156_WebXMLFile_20261022_161827981.xml)
- 2026-10-22 — Financial Results Filing: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1744152_22102026062636_WEB.xml)
- 2026-10-22 — Earnings Presentation: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_22102026194701_JSLSTXEarningsPresentation.pdf)
- 2026-10-22 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_22102026194917_JSLSTXEarningsPresentation.pdf)
- 2026-10-16 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_16102026194543_JSLStockExchangeIntimationCSLOysterAcquisitionsd.pdf)
- 2026-10-16 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_2156_WebXMLFile_20261016_194753698.xml)
- 2026-10-16 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2156_WebXMLFile_20261016_200420259.xml)
- 2026-10-16 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_16102026200229_JSLSeintimationinvestormeetsd.pdf)
- 2026-10-15 — Press Release: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_15102026090632_JSLSEPR151026sd.pdf)
- 2026-10-15 — Board Meeting Notice: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_15102026191159_JSLBMIntimation22102026sd.pdf)
- 2026-10-15 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2156_WebXMLFile_20261015_191758384.xml)
- 2026-10-15 — Board Meeting Notice: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2156_WebXMLFile_20261015_191758384.xml)
- 2026-10-10 — Press Release: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_10102026110100_JSLSEPRHisarsd.pdf)
- 2026-10-10 — Press Release: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_10102026105800_JSLSEPRJajpursd.pdf)
- 2026-10-10 — Generic Announcement: Jindal Stainless Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSL_10102026145203_REGU74.pdf)

## News and market events

- 2026-10-26 — MONEYCONTROL: **Buy Jindal Stainless; target of Rs 829: Prabhudas Lilladher** — Buy Jindal Stainless; target of Rs 829: Prabhudas Lilladher Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Allotment Jamia Protest UP Polls 2027 Rahul Gandhi Infosys Share Price Aamir Khan Small Cap Stocks Cyclone Arnab Dhanush News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 Lakhs Credit Cards Lifet — [Source](https://www.moneycontrol.com/news/business/earnings/buy-jindal-stainless-target-of-rs-829-prabhudas-lilladher-14060027.html)
- 2026-10-23 — CNBC-TV18: **Jindal Stainless lowers FY27 volume growth guidance, but expects better per-tonne profitability** — Jindal Stainless has lowered its FY volume growth guidance after a weak first half but increased its EBITDA per tonne outlook as cost controls supported profitability. The company also expects exports to remain resilient despite lower EU quotas and is hopeful of government action on Chinese imports by December. — [Source](https://www.cnbctv18.com/market/earnings/jindal-stainless-cuts-financial-year-volume-growth-guidance-raises-earnings-per-tonne-outlook-q2-earnings-results-boardroom-20017825.htm)
- 2026-10-23 — Mint: **Jindal Stainless shares: Down 17% in YTD! Jefferies India sees 32% upside after Q2 results 2026 | Target, rationale** — Jindal Stainless shares have fallen from ₹853.75 to ₹708.60 per share in 2026 on the NSE — [Source](https://www.livemint.com/market/stock-market-news/jindal-stainless-shares-down-17-in-ytd-jefferies-india-sees-32-upside-after-q2-results-2026-target-rationale-11792725084850.html)
- 2026-10-22 — The Hindu: **Q2 Results Today Highlights: Adani Energy Solutions PAT surges 145%, CPCL profit triples; Havells profit up 9.7%, Jindal Stainless Q2 profit rises 11%, Colgate profit rise 4.3%, Adani Total Gas Q2 net profit rises 3%; Swiggy shares tumble over 5%** — Q2 Results Today, 22nd October 2026 Highlights: Follow the latest announcements and developments on the company's September quarter earning on Adani Energy, HPCL, Havells, Swiggy, Colgate, Hatsun, Cyient, Adani Total Gas, Nippon Life and others — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-adani-energy-hpcl-havells-swiggy-colgate-hpcl-hatsun-cyient-adani-tital-gas-nippon-life-company-results-22-october-2026/article71610008.ece)
- 2026-10-22 — The Hindu: **Jindal Stainless posts 11% profit growth led by rise in revenue, sales and exports** — Consolidated net debt of the company stood at ₹3,121 crore with net debt-to-equity ratio at 0.15x. — [Source](https://www.thehindu.com/incoming/jindal-stainless-posts-11-profit-growth-led-by-rise-in-revenue-sales-and-exports/article71611495.ece)
- 2026-10-22 — The Hindu: **EU move to restrict scrap export may push cost, says Jindal Stainless CEO** — Tarun Khulbe, CEO, Jindal Stainless, said although fuel supplies improved, fluctuations in fuel prices, container availability and ocean freight rates continue to pose challenges for both imports and exports. — [Source](https://www.thehindubusinessline.com/companies/eu-move-to-restrict-scrap-export-may-push-cost-says-jindal-stainless-ceo/article71611945.ece)
- 2026-10-22 — DECCANCHRONICLE.COM: **Jindal Stainless Posts 11.1% Rise In Q2 Net Profit At Rs 898 crore** — Revenue jumps 18.2% as company recovers from Q1 disruptions; rising Chinese imports pose challenge to domestic industry — [Source](https://www.deccanchronicle.com/business/companies/jindal-stainless-posts-111-rise-in-q2-net-profit-at-rs-898-crore-1997889)
- 2026-10-22 — CNBC-TV18: **Stocks to Watch for October 23: RIL, Swiggy, HPCL, Jindal Stainless, eMudhra and more** — From Swiggy narrowing its Q2 net loss to ₹922 crore to Colgate-Palmolive India reporting a 4.1% year-on-year rise in net profit to ₹341.5 crore, here are the stocks to track ahead of Friday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-october-23-ril-swiggy-hpcl-jindal-stainless-emudhra-and-more-20017155.htm)
- 2026-10-20 — Economic Times: **Steelmakers may outperform non-ferrous peers in Q2 as higher volumes support earnings** — Non-ferrous companies are expected to see a sequential decline in earnings, with revenue and Ebitda expected to fall 2% and 13%, respectively. The decline in average LME aluminium prices is likely to weigh on their profitability. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/steelmakers-may-outperform-non-ferrous-peers-in-q2-as-higher-volumes-support-earnings/articleshow/135059274.cms)
- 2026-10-15 — Times of India: **CM hosts next-gen industrialists at Kalinganagar meet** — Odisha CM Mohan Charan Majhi met 46 firms’ next-gen leaders at Kalinganagar, ahead of inaugurating projects worth Rs 39,000 crore including IMFA’s Rs 900-crore unit. — [Source](https://timesofindia.indiatimes.com/city/bhubaneswar/cm-hosts-next-gen-industrialists-at-kalinganagar-meet/articleshow/134969579.cms)
- 2026-10-14 — DECCANCHRONICLE.COM: **Odisha Unveils 46 Industrial Projects Worth Rs 39,383 Crore, To Generate 42,512 Jobs** — CM Mohan Charan Majhi says state aims to emerge as country's leading manufacturing hub — [Source](https://www.deccanchronicle.com/nation/odisha-unveils-46-industrial-projects-worth-rs-39383-crore-to-generate-42512-jobs-1995809)
- 2026-09-30 — Mint: **EU scrap curbs may raise costs for Indian metalmakers, threaten MSMEs | Today News** — A proposed EU rule could restrict metal scrap shipments to India, forcing manufacturers to find alternative supplies and potentially raising raw material and logistics costs. — [Source](https://www.livemint.com/news/eu-metal-scrap-export-curbs-india-steel-aluminium-11790709440774.html)
- 2026-09-28 — Mint: **Top stocks to buy or sell for short term: Jindal Stainless, M&M, Adani Ent — Trading strategy, targets** — As market volatility escalates, expert Jigar S. Patel highlights potential moves in short-term trading for Jindal Stainless, Mahindra & Mahindra, and Adani Enterprises. Discover key support and resistance levels and how these stocks could position traders in a turbulent market. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-buy-or-sell-for-short-term-jindal-stainless-m-m-adani-ent-trading-strategy-targets-11790471106872.html)
- 2026-09-23 — NEWS.WEBINDIA123.COM: **Jindal Stainless partners with Nasscom to strengthen digital skills across workforce** — Jindal Stainless has partnered with Nasscoms FutureSkills Prime to provide its employees access to courses and certifications in emerging technologies, as the stainless steel maker looks to strengthen digital capabilities across its workforce, the company said in an exchange filing on Wednesday. — [Source](https://news.webindia123.com/news/articles/business/20260923/4502432.html)
- 2026-09-23 — BUSINESS: **Sensex gains 241 pts; metal shares in demand** — At 10:30 IST, the barometer index, the S&P BSE Sensex, jumped 240.85 points or 0.32% to 74,769.93. The Nifty 50 index rose 71.15 points or 0.31% to 23,402.85. — [Source](https://www.business-standard.com/markets/capital-market-news/sensex-gains-241-pts-metal-shares-in-demand-126092300312_1.html)
- 2026-09-21 — BUSINESSTODAY: **SAIL likely to hike steel prices again, say sources** — SAIL, Steel Authority of India, steel prices, steel price hike, steel stocks, Nifty Metal, flat steel, long steel, Tata Steel, JSW Steel, Vedanta, Hindalco Industries, Jindal Stainless, APL Apollo Tubes, Nalco — [Source](https://www.businesstoday.in/markets/stocks/story/sail-likely-to-hike-steel-prices-again-say-sources-556783-2026-09-21)
- 2026-09-18 — BUSINESS: **Indices end sideways; metal shares shine for 3rd day** — 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. — [Source](https://www.business-standard.com/markets/capital-market-news/indices-end-sideways-metal-shares-shine-for-3rd-day-126091800788_1.html)
- 2026-09-17 — MONEYCONTROL: **Abakkus’ playbook in focus: Seven years without an IT large cap holding and other exceptions** — Abakkus — [Source](https://www.moneycontrol.com/news/business/markets/abakkus-playbook-in-focus-seven-years-without-an-it-large-cap-holding-and-other-exceptions-14031890.html)
- 2026-09-13 — REDIFF.COM: **India Pioneers 100% Hydrogen DRI Plant For Green Steel** — 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. — [Source](https://www.rediff.com/business/report/csir-immt-to-lead-indias-first-100-hydrogen-dri-plant/20260913.htm)
- 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)
- 2026-09-11 — Mint: **India is fighting CBAM. It should also help shape the rules | Mint** — A country that skips the formal consultation process does not exempt itself from the resulting rules—it simply accepts an outcome written by others. — [Source](https://www.livemint.com/opinion/online-views/european-commission-carbon-tariff-cbam-india-carbon-credit-11789097641921.html)
- 2026-09-10 — MONEYCONTROL: **Indian industry wants BRICS to ease trade barriers, payments and unlock investment** — BRICS, BRICS 2026 — [Source](https://www.moneycontrol.com/news/business/economy/indian-industry-wants-brics-to-ease-trade-barriers-payments-and-unlock-investment-14027282.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)
- 2026-09-07 — NEWS.WEBINDIA123.COM: **Jindal Stainless signs technical assistance pact with Japans JFE Steel for ferritic steel grades** — 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. — [Source](https://news.webindia123.com/news/articles/business/20260907/4495838.html)
- 2026-09-07 — BUSINESS: **Nifty ends below 23,800 level; media shares under pressure** — As per provisional closing data, the S&P BSE Sensex declined 382.62 points or 0.50% to 76,132.81. The Nifty 50 index lost 118.55 points or 0.50% to 23,779.15. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-ends-below-23-800-level-media-shares-under-pressure-126090700813_1.html)

## Business profile

**Strategic vision:** Manufactures and distributes stainless steel products globally.

### Business segments
- **Stainless Steel Manufacturing and Processing:** Operates integrated stainless steel manufacturing and processing facilities, producing slabs, blooms, coils, plates, sheets, and more.
- **Retail Stainless Steel Rebar:** Launched the 'Jindal Infinity' brand to directly target builders and consumers with corrosion-resistant stainless steel rebars.

### Competitive strengths
- Integrated stainless steel manufacturing and processing operations.
- Extensive global distribution network.
- Focus on sustainable manufacturing processes.
- Diversification into the retail market with specialized products.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

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