NSE: JINDALSTEL | BSE: 532286

Mid-range Performer

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1071.00 4.70 (0.44%)

New 52W High in past week

954.2K NSE+BSE Volume

NSE 19 Nov, 2025 3:31 PM (IST)

109,251.4

Market Cap

High in industry

1.2

Beta 1Year

High Volatility

Jindal Steel Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for JINDALSTEL, BSE:532286 Jindal Steel Ltd.

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Jindal Steel Ltd.

30 Oct 2025

1071.00

0.44%

Jindal Steel (JINDALST IN) Q2FY26 Result Update Angul...

Accumulate: Jindal Steel Ltd.

Target

Prabhudas Lilladhar

Promoters pledged 0.04% of shares in last quarter. Total pledge stands at 11.19% of promoter holdings

Jindal Steel Ltd.

30 Oct 2025

1071.00

0.44%

Volumes expected to be ramped up, in line with capacity expansion; Buy

Buy: Jindal Steel Ltd.

Target

Anand Rathi

Having commenced operations at its 3m tonne steel melting shop (SMS), Jindal Steel is on track to expand it by a further 3m tonnes, taking total installed capacity to 15.6m.

Promoters pledged 0.04% of shares in last quarter. Total pledge stands at 11.19% of promoter holdings

Jindal Steel Ltd.

30 Oct 2025

1071.00

0.44%

Jindal Steel: Q2FY26 Result Review

Hold: Jindal Steel Ltd.

Target

IDBI Capital

JSL's Q2FY26 operating performance was in-line with our expectations. Revenue declined 5% QoQ to Rs117bn, primarily due to a 3% decline in NSR (owing to weak steel prices) and a 2% QoQ drop in volumes, mainly impacted by planned shutdowns. Despite volume decline, management maintained its FY26 guidance and expects steelmaking capacity to reach 15.6 mtpa by FY26. Consequently, EBITDA declined 31% QoQ to Rs21bn, with EBITDA/tonne decreasing by 30% QoQ to Rs11,129, weighed down by planned maintenance shutdown and weak realizations. JSL incurred capex of Rs31bn in H1FY26. Net debt decreased by...

Promoters pledged 0.04% of shares in last quarter. Total pledge stands at 11.19% of promoter holdings

Jindal Steel Ltd.

30 Oct 2025

1071.00

0.44%

Jindal Steel

Hold: Jindal Steel Ltd.

Recommendation Target

ICICI Direct

About the stock: Jindal Steel (JSL) is one of India's leading steel producers, having Higher volumes and domestic steel price stability to support profitability: In Q2FY26, JSL's EBITDA/ton fell to ~11k (vs 15.8k in Q1FY26), mainly due to higher operating costs of ~250 crore from planned maintenance and metallic purchases. While domestic steel prices are currently down 23% QoQ, management expects an improvement in NovDec'25. With higher volumes and potential price recovery, margins are likely to sustain, with EBITDA/ton projected at 12.9k/14k for...

Promoters pledged 0.04% of shares in last quarter. Total pledge stands at 11.19% of promoter holdings

Jindal Steel Ltd.

29 Oct 2025

1071.00

0.44%

Strong quarter despite heavy monsoon; outlook remains healthy due to volume growth

Buy: Jindal Steel Ltd.

Target

Motilal Oswal

Jindal Steel (JINDALST)’s revenue for 2QFY26 stood at INR117b (+4% YoY vs. our estimate of INR107b), declining 5% QoQ due to muted realization.

Promoters pledged 0.04% of shares in last quarter. Total pledge stands at 11.19% of promoter holdings

Jindal Steel Ltd.

15 Oct 2025

1071.00

0.44%

New capacity addition to drive earnings

Buy: Jindal Steel Ltd.

Target

Motilal Oswal

Jindal Steel (JINDALST) has successfully commissioned a new 3mtpa of crude steel capacity at its Angul plant, expanding the plant’s total steelmaking capacity to 9mtpa.

Jindal Steel Ltd. has an average target of 1113.83 from 6 brokers.

Jindal Steel Ltd.

16 Aug 2025

1071.00

0.44%

Utkal B1 and BF-2 expected to commence operations in Q2; Buy

buy: Jindal Steel Ltd.

Anand Rathi

Jindal Steel is increasing crude steel capacity from 9.6m tonnes to 15.6m and finished steel capacity from 7.25m to 13.75m by FY27-28, making it the fourth largest steel manufacturer in India.

Number of FII/FPI investors increased from 540 to 553 in Sep 2025 qtr.

Jindal Steel Ltd.

16 Aug 2025

1071.00

0.44%

Utkal B1 and BF-2 expected to commence operations in Q2; Buy

Buy: Jindal Steel Ltd.

Anand Rathi

Jindal Steel is increasing crude steel capacity from 9.6m tonnes to 15.6m and finished steel capacity from 7.25m to 13.75m by FY27-28, making it the fourth largest steel manufacturer in India.

Jindal Steel Ltd. is trading above all available SMAs

Jindal Steel Ltd.

15 Aug 2025

1071.00

0.44%

Strong Q1; project commissioning from Q2

Sell: Jindal Steel Ltd.

Target

Emkay

JSP reported adjusted EBITDA of Rs29.8bn (+14.0% vs Emkay estimate; +15.6% vs consensus; +20.3% QoQ).The sequential improvement was mainly led by a reduction in coking coal cost by USD11/t and QoQ better realization, which was partially offset by a 10.8% sequential decline in sales volume (owing to early onset of monsoons and intentional rebuilding of inventories).

Number of FII/FPI investors increased from 540 to 553 in Sep 2025 qtr.

Jindal Steel Ltd.

14 Aug 2025

1071.00

0.44%

Jindal Steel: Q1FY26 Result Review

Hold: Jindal Steel Ltd.

IDBI Capital

JSL's Q1FY26 performance exceeded our estimates on all parameters. Revenue declined 7% QoQ to Rs123bn, primarily due to an 11% drop in volumes, attributed to the early onset of the monsoon and inventory replenishment post Q4FY26 drawdown. Despite volume decline, management maintained its FY26 guidance. Additionally, NSR improved 5% QoQ, driven by better steel prices and higher VAP contribution. Consequently, EBITDA grew 32% QoQ to Rs30bn, with EBITDA/tonne increasing by 42% QoQ to Rs15,819, supported by lower coking coal and conversion costs. JSL incurred capex of Rs22bn in Q1FY26 vs Rs23bn in...

Number of FII/FPI investors increased from 540 to 553 in Sep 2025 qtr.

Is Jindal Steel & Power Ltd. worth buying?

520 Votes:

Buy 75.58%

Sell 16.73%

Hold 7.69%

RESEARCH REPORTS

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