NSE: JINDALSTEL | BSE: 532286

Mid-range Performer

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1127.80 8.90 (0.80%)

1.1M NSE+BSE Volume

NSE 21 Aug, 2026 3:31 PM (IST)

115,045.5

Market Cap

High in industry

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.

27 Jul 2026

1127.80

0.80%

Jindal Steel

Buy: Jindal Steel Ltd.

Target

ICICI Direct

Jindal Steel is well positioned to deliver healthy earnings growth, supported by capacity-led volume expansion, a richer value-added product mix, ongoing cost optimisation initiatives, and a favourable domestic demand environment. Accordingly, we maintain our BUY rating...

Promoters unpledged 0.99% of shares in last quarter. Total pledge stands at 9.92% of promoter holdings

Jindal Steel Ltd.

27 Jul 2026

1127.80

0.80%

Jindal Steel (JINDALST IN) Q1FY27 Result Update Ramp up VASP & cost savings: Next leg of growth BUY

Buy: Jindal Steel Ltd.

Recommendation Target

Prabhudas Lilladhar

Production and sales guidance maintained at 11-11.5mt and 10.5-11mt, despite maintenance shutdown in Q1. Coking coal costs to increase ~US$15/t in Q2FY27 Jindal Steel (JINDALST) delivered a healthy operational performance in Q1FY27, supported by strong volume growth, improved NSR and a richer product mix. Sales volumes increased 17% YoY, driven by the ramp-up of blast furnaces at at Angul, while resilient domestic demand and higher exports provided additional support. NSR improved sequentially on the back of higher flat and long steel prices, along with a...

Number of MF schemes increased from 37 to 43 in Jun 2026 qtr.

Jindal Steel Ltd.

27 Jul 2026

1127.80

0.80%

Jindal Steel Limited (JSL): Q1FY27 Result Review

Buy: Jindal Steel Ltd.

Recommendation Target

IDBI Capital

JSL's Q1FY27 Revenue and EBITDA was above our expectations. Revenue decreased by 5% QoQ to Rs155bn, driven by 15% decline in sales volume due to seasonality and planned plant shutdowns. This was partially offset by a 12% QoQ increase in NSR led by higher steel prices. EBITDA margins contracted by 94bps QoQ to 17.2%. Consequently, EBITDA declined by 9% QoQ to Rs27bn, amid increased raw material costs and lower production. EBITDA/tonne increased by 6% QoQ to Rs11,930, driven by higher NSR and improved VASP...

Promoters unpledged 0.99% of shares in last quarter. Total pledge stands at 9.92% of promoter holdings

Jindal Steel Ltd.

26 Jul 2026

1127.80

0.80%

Steel prices bottoming out: Outlook to improve from H2FY27

Buy: Jindal Steel Ltd.

Target

ICICI Securities Limited

JSPL’s Q1FY27 EBITDA of INR 26.6bn (in line with our estimate) was down 11% YoY and 9% QoQ due to lower volumes and higher coking coal cost, partially offset by improved realisation.

Jindal Steel Ltd. has an average target of 1271.60 from 10 brokers.

Jindal Steel Ltd.

26 Jul 2026

1127.80

0.80%

‘Earn and Invest’ to lead disciplined capital allocation; maintain BUY

Buy: Jindal Steel Ltd.

Target

Anand Rathi

Recent rejig in the KMP signals a clear strategic focus on ‘Earn and Invest’, with increased emphasis on expanding the share of high-margin VAP. The company aims to gradually transition away from commoditised steel products, while ramping up capacity utilisation to 100%.

Jindal Steel Ltd. has an average target of 1271.60 from 10 brokers.

Jindal Steel Ltd.

25 Jul 2026

1127.80

0.80%

Operating outperformance over better NSR; outlook remains strong

Buy: Jindal Steel Ltd.

Target

Motilal Oswal

Jindal Steel’s (JINDALST) revenue stood at INR155b (+26% YoY and -5% QoQ) during 1QFY27 and was 10% above our estimates.

Jindal Steel Ltd. is trading below its 100 day SMA of 1148.0

Jindal Steel Ltd.

04 May 2026

1127.80

0.80%

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...

Jindal Steel Ltd. has an average target of 1271.60 from 10 brokers.

Jindal Steel Ltd.

04 May 2026

1127.80

0.80%

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...

Number of MF schemes increased from 37 to 43 in Jun 2026 qtr.

Jindal Steel Ltd.

03 May 2026

1127.80

0.80%

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.

Number of MF schemes increased from 37 to 43 in Jun 2026 qtr.

Jindal Steel Ltd.

02 May 2026

1127.80

0.80%

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 Ltd. is trading above its 200 day SMA of 1122.8

Is Jindal Steel & Power Ltd. worth buying?

528 Votes:

Buy 75.38%

Sell 16.48%

Hold 8.14%

RESEARCH REPORTS

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