NSE: JINDALSTEL | BSE: 532286

Mid-range Performer

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1209.90 13.10 (1.09%)

37.08% Gain from 52W Low

835.4K NSE+BSE Volume

NSE 22 May, 2026 3:31 PM (IST)

123,420.5

Market Cap

High in industry

Beta 1Year

Very 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.

04 May 2026

1209.90

1.09%

Jindal Steel

Buy: Jindal Steel Ltd.

Recommendation Target

ICICI Direct

Expansion led volume growth to propel earnings About the stock: Jindal Steel (JSL) is one of India's leading steel producers, having Operations also include iron ore making capacity of ~15 MTPA and ~13.75 MTPA of finished steel capacity. Q4FY26 Results: JSL reported a healthy performance in Q4'26. Consolidated topline stood at 16,218 crore (up 23% YoY) with steel sales volume of 2.6 MT (up 23% YoY). Reported EBITDA at 2,939 crore with margins at ~18% (up 558 bps QoQ). Adjusted EBITDA/tonne stood at 11,695 vs 8,701 in Q3'26. PAT for the...

IDBI Capital downgraded Jindal Steel Ltd. to Hold with a price target of 1303.0 on 04 May, 2026.

Jindal Steel Ltd.

04 May 2026

1209.90

1.09%

Jindal Steel Limited (JSL): Q4FY26 Result Review

Hold: Jindal Steel Ltd.

Recommendation Target

IDBI Capital

JSL's Q4FY26 performance was broadly in line with our expectations. Revenue increased by 24% QoQ to Rs162bn, driven by 15% increase in sales volume due to new capacity ramp-up. This was further aided by an 8% increase in NSR on account of higher steel prices. EBITDA margins expanded by 558bps QoQ to 18.1%. Consequently, EBITDA rose by 80% QoQ to Rs29bn, aided by absence of plant startup costs and improved operational efficiencies. EBITDA/tonne increased by 57% QoQ to Rs11,218, driven by higher NSR despite a $20/t increase in coking coal costs and lower contribution from VASP. Net debt increased by Rs6bn to Rs160bn. Management aims to achieve sales volume of 10.5-11.0 mnT in FY27. We value the...

Promoters pledged 0.04% of shares in last quarter. Total pledge stands at 10.91% of promoter holdings

Jindal Steel Ltd.

03 May 2026

1209.90

1.09%

Operating performance beat over better volume and NSR; outlook remains strong

Buy: Jindal Steel Ltd.

Target

Motilal Oswal

Jindal Steel’s(JINDALST) revenue stood at INR162b (+23% YoY and +25% QoQ), against our estimate of INR145b during 4QFY26. The growth was primarily attributed to strong volume and realization during the quarter.

Promoters pledged 0.04% of shares in last quarter. Total pledge stands at 10.91% of promoter holdings

Jindal Steel Ltd.

02 May 2026

1209.90

1.09%

Strong Q4; volume ramp-up to drive earnings inflection

Buy: Jindal Steel Ltd.

Recommendation Target

Emkay

JINDALST reported strong Q4 performance. Adjusted EBITDA at Rs26.5bn beat estimates, driven by higher FX gains and NSR improvement, partly offset by start-up costs and higher coking coal costs.

Jindal Steel has gained 26.04% in the last 1 Year

Jindal Steel Ltd.

02 May 2026

1209.90

1.09%

Jindal Steel (HOLD): Results better than expectations on strong volume growth

Hold: Jindal Steel Ltd.

Target

BOB Capital Markets Ltd.

Revenue grew by 23.0%YoY; EBITDA grew by 29.4%YoY, driven primarily by volume growth of 23.0%YoY and lower cost respectively

IDBI Capital downgraded Jindal Steel Ltd. to Hold with a price target of 1303.0 on 04 May, 2026.

Jindal Steel Ltd.

04 Feb 2026

1209.90

1.09%

Jindal Steel

Hold: Jindal Steel Ltd.

Target

ICICI Direct

Jindal Steel is positioned for healthy performance underpinned by largescale capacity expansions, safeguard duty led steel price hike, and a favourable demand tailwind. However, these catalysts are currently reflected in valuation, providing limited upside from hereon. We maintain...

Jindal Steel Ltd. is trading below its 30 day SMA of 1242.4

Jindal Steel Ltd.

01 Feb 2026

1209.90

1.09%

Jindal Steel (JSL): Q3FY26 Result Review

Buy: Jindal Steel Ltd.

Recommendation Target

IDBI Capital

JSL's Q3FY26 profitability was below our expectations. Revenue increased 11% QoQ to Rs130bn, driven by 22% increase in sales volume on account of new capacity ramp-up. This was partially offset by a 9% decline in NSR, owing to lower HRC and TMT prices and an adverse product mix. EBITDA margins contracted by 527bps QoQ to 12.5%. Consequently, EBITDA declined 22% QoQ to Rs16bn including additional start-up costs of Rs3.5bn related to BF2. EBITDA/tonne decreased by 36% QoQ to Rs7,165, weighed down from increase in raw material costs linked to higher coke rate for BF2. Net debt increased by...

Jindal Steel Ltd. is trading above its 200 day SMA of 1095.9

Jindal Steel Ltd.

31 Jan 2026

1209.90

1.09%

Jindal Steel (HOLD): Results lower than expectation on weak pricing & high cost

Hold: Jindal Steel Ltd.

Target

BOB Capital Markets Ltd.

Revenues grew by 10.9%YoY; EBITDA declined by 25.2%YoY, impacted by price fall of 7.6%YoY and a one-off capacity ramp-up cost

Promoters pledged 0.04% of shares in last quarter. Total pledge stands at 10.91% of promoter holdings

Jindal Steel Ltd.

31 Jan 2026

1209.90

1.09%

Weak NSR/start-up costs related to new capacity led to a miss on earnings

Buy: Jindal Steel Ltd.

Target

Motilal Oswal

Jindal Steel’s (JINDALST) revenue stood at INR130b (+11% YoY/+12% QoQ), largely in line with our estimate of INR135b in 3QFY26. The growth was primarily attributed to strong volumes offset by muted NSR in 3Q.

Jindal Steel has gained 26.04% in the last 1 Year

Jindal Steel Ltd.

22 Jan 2026, 12:00AM

1209.90

1.09%

JINDAL STEEL LIMITED

Buy: Jindal Steel Ltd.

Geojit BNP Paribas

Jindal Steel Limited (JSL), founded in 1979 and headquartered in New Delhi, is one of India's leading steel producers and a major player in infrastructure and energy. It operates integrated plants in Raigarh (Chhattisgarh), Angul and Barbil (Odisha), and Patratu (Jharkhand), producing rails, rebars, plates, coils, and wire rods. Notably, it is the only private company in India manufacturing railway rails...

IDBI Capital downgraded Jindal Steel Ltd. to Hold with a price target of 1303.0 on 04 May, 2026.

Is Jindal Steel & Power Ltd. worth buying?

527 Votes:

Buy 75.52%

Sell 16.51%

Hold 7.97%

RESEARCH REPORTS

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