Loading…
O.P. Jindal Group steelmaker producing long products, rails and pellets, with a related captive power-generation business.
O.P. Jindal Group steelmaker producing long products, rails and pellets, with a related captive power-generation business.
Sells long steel products, using iron ore pellets and sponge iron produced in-house, with Indian Railways ordering rails under tender as a key customer. It generates power largely for its own steel plants and sells surplus. Naveen Jindal, whose family is the promoter, is chairman.
In one line: An India integrated steel-and-power conglomerate arm.
Moat: narrow (scale, installed base). Domestic leader in rail steel supply to Indian Railways plus captive mines/power.
Headquarters: New Delhi, India · Founded: 1979 · Employees: 10,507
Size Jindal Steel (JINDALSTEL.NS) is an India Materials company (Steel) with a market value of $12.6B, the 90th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,165 on 6 Nov 2026.
Performance Over six months the shares fell 7.4%, against -5.8% for the median peer and 0.0% for the India market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 25.5% over the last twelve months (peer median +8.7%); the operating margin is 10.2% (peer median 7.3%).
Valuation It trades at 21.2× forward earnings against a peer median of 13.4× (4th most expensive of 20).
Capital Return on invested capital runs 7.3 points below its cost of capital (14.0% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹614B | ₹530B | ₹496B | ₹499B | ₹524B |
| Revenue growth | — | +7% | -1% | -5% | — |
| Gross profit | ₹258B | ₹108B | ₹117B | ₹114B | ₹107B |
| EBITDA | ₹98.1B | ₹91.5B | ₹94.1B | ₹104B | ₹99.2B |
| Net income | ₹28.5B | ₹33.7B | ₹28.1B | ₹59.4B | ₹31.7B |
| Free cash flow | n/a | -₹43.9B | -₹15.9B | -₹38.9B | -₹5.68B |
| Capital expenditure | n/a | ₹95.7B | ₹106B | ₹85.2B | ₹64.5B |
| Total debt | ₹224B | ₹226B | ₹184B | ₹165B | ₹130B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Jindal Steel JINDALSTEL.NS | $12.6B | -7% | +26% | 10% | 21.2× | n/a |
| JSW Steel JSWSTEEL.NS | $35.1B | +6% | +14% | 13% | 18.5× | 21.1% |
| Tata Steel TATASTEEL.NS | $24.6B | -14% | +11% | 9% | 14.0× | 8.7% |
| Steel Authority of India SAIL.NS | $7.49B | -8% | +9% | 8% | 8.9× | 11.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | JINDALSTEL.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.8% | -2.5% | highest of 21 |
| 6-month return | -7.4% | -5.8% | 11th highest of 21 |
| Distance from 52-week high | -10.8% | -21.5% | 4th highest of 21 |
| Revenue growth (TTM) | +25.5% | +8.7% | 4th highest of 21 |
| Operating margin | 10.2% | 7.3% | 4th highest of 21 |
| Forward P/E | 21.2× | 13.4× | 4th most expensive of 20 |
| ROIC minus cost of capital | -7.3 pp | -1.9 pp | 3rd lowest of 21 |
| EV / EBITDA | 13.8× | 7.9× | 4th most expensive of 15 |
| Net debt / EBITDA | 1.5× | 1.8× | 8th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jindal Steel JINDALSTEL.NS | India | $12.6B | -7% | +26% | 10% | 21.2× | n/a | n/a |
| Inner Mongolia Baotou Steel Union 600010.SS | China | $13.5B | -26% | -6% | 3% | 66.3× | 14.7% | +2.5% |
| POSCO 005490.KS | South Korea | $14.4B | -42% | +4% | 3% | 11.2× | n/a | n/a |
| Lloyds Metals & Energy LLOYDSME.NS | India | $10.6B | +3% | +171% | 33% | 13.4× | n/a | n/a |
| Ternium S.A. Sponsored ADR TX | United States | $9.65B | +5% | -1% | 8% | 6.7× | n/a | n/a |
| Citic Pacific Special Steel 000708.SZ | China | $9.52B | -18% | 0% | 6% | 10.8× | -7.8% | +7.2% |
| China Steel 2002.TW | Taiwan | $8.65B | 0% | -7% | 0% | 41.5× | n/a | n/a |
| Gerdau S.A. Pfd Sponsored ADR Repr 1 Pfd Sh GGB | United States | $8.41B | -10% | +10% | 9% | 7.9× | 2.3% | +8.0% |
| thyssenkrupp TKA.DE | Germany | $8.33B | +10% | -2% | 1% | n/a | n/a | n/a |
| Baoshan Iron & Steel 600019.SS | China | $19.9B | -3% | +6% | 3% | 14.4× | -9.6% | +2.4% |
| Steel Authority of India SAIL.NS | India | $7.49B | -8% | +9% | 8% | 8.9× | 11.0% | +9.9% |
| Reliance RS | United States | $21.2B | +13% | +25% | 9% | 14.9× | 9.1% | +10.2% |
| Nippon Steel 5401.T | Japan | $22.3B | +15% | +28% | 4% | 11.2× | n/a | n/a |
| Commercial Metals CMC | United States | $6.85B | -12% | +20% | 9% | 9.3× | 6.2% | +6.9% |
| Jfe 5411.T | Japan | $6.66B | +2% | -4% | 2% | 8.4× | 13.2% | +7.1% |
| Cleveland-Cliffs CLF | United States | $6.54B | +4% | +8% | -1% | 6.6× | n/a | n/a |
| Tata Steel TATASTEEL.NS | India | $24.6B | -14% | +11% | 9% | 14.0× | 8.7% | +8.2% |
| APL Apollo Tubes APLAPOLLO.NS | India | $6.42B | +11% | +16% | 7% | 39.8× | 22.1% | +22.1% |
| Mineral Resources MIN.AX | Australia | $6.36B | -34% | +44% | 25% | 13.8× | 4.2% | +11.6% |
| Jindal Stainless JSL.NS | India | $6.10B | -9% | +12% | 10% | 16.9× | 21.0% | +28.7% |
| Vallourec VK.PA | France | $5.51B | -31% | -7% | 14% | 15.5× | -7.6% | +3.3% |