NSE: JINDALSTEL | BSE: 532286

Mid-range Performer

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996.00 -11.60 (-1.15%)

37.69% Gain from 52W Low

1.4M NSE+BSE Volume

NSE 14 Oct, 2025 3:31 PM (IST)

101,600.8

Market Cap

High in industry

1.3

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.

Jindal Steel Ltd.

24 Jul 2024

996.00

-1.15%

In-line revenue with a slight miss on margins; outlook bright

Buy: Jindal Steel Ltd.

Target

Motilal Oswal

Jindal Steel & Power (JSP)’s 1QFY25 revenue stood in line at INR136b (YoY/ QoQ: +8%/+1%), driven by decent volume growth.

Jindal Steel Ltd. is trading below its 30 day SMA of 1037.8

Jindal Steel Ltd.

14 May 2024, 12:00AM

996.00

-1.15%

Jindal Steel & Power: Q4FY24 Result Review

Hold: Jindal Steel Ltd.

Target

IDBI Capital

Promoters unpledged 0.20% of shares in last quarter. Total pledge stands at 11.15% of promoter holdings

Jindal Steel Ltd.

14 May 2024, 12:00AM

996.00

-1.15%

Surpasses Q4 estimates; awaits commissioning of key capacities

Buy: Jindal Steel Ltd.

Target

ICICI Securities Limited

Jindal Steel & Power's (JSPL) Q4FY24 EBITDA was slightly ahead of street estimates.

Jindal Steel Ltd. is trading below its 30 day SMA of 1037.8

Jindal Steel Ltd.

13 May 2024, 12:00AM

996.00

-1.15%

Marginal miss in EBITDA in 4Q; outlook remains bright

Buy: Jindal Steel Ltd.

Target

Motilal Oswal

JSP reported revenue of INR135b (-1.5% YoY/ +15% QoQ) in 4QFY24, which
was above our est. of INR122b. ASP stood at INR67,099/t (flat YoY/ +4%
QoQ) vs. our est. of INR62,821/t.

Jindal Steel Ltd. has an average target of 1031.71 from 7 brokers.

Jindal Steel Ltd.

03 Feb 2024

996.00

-1.15%

Jindal Steel & Power (HOLD): Valuations overdone; downgrade to HOLD

Hold: Jindal Steel Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Q3 results ahead on higher per unit EBITDA margin; first coil from HSM represents next milestone on Angul growth project

Jindal Steel Ltd. has an average target of 1031.71 from 7 brokers.

Jindal Steel Ltd.

01 Feb 2024

996.00

-1.15%

Jindal Steel & Power | Q3FY24 Result Review

Hold: Jindal Steel Ltd.

Recommendation Target

IDBI Capital

Jindal Steel Ltd. is trading above its 200 day SMA of 935.4

Jindal Steel Ltd.

01 Nov 2023

996.00

-1.15%

Pressing the capex pedal

Buy: Jindal Steel Ltd.

Target

ICICI Securities Limited

Jindal Steel & Power (JSPL)’s performance missed our estimates, but was in line with consensus. Key points: 1) Sales volume was aided by opportunistic export sales. 2) EBITDA/te was impacted by negative price-cost spread. 3) Angul-II capex plan until FY27 raised to INR 310bn (earlier INR240 bn).

Jindal Steel Ltd. is trading above its 200 day SMA of 935.4

Jindal Steel Ltd.

31 Oct 2023

996.00

-1.15%

JINDAL STEEL & POWER

Buy: Jindal Steel Ltd.

Target

Prabhudas Lilladhar

Jindal Steel Ltd. is trading above its 200 day SMA of 935.4

Jindal Steel Ltd.

13 Aug 2023, 12:00AM

996.00

-1.15%

Capacity expansion has been slightly delayed; enablers gathering steam

Buy: Jindal Steel Ltd.

Target

ICICI Securities Limited

Jindal Steel & Power’s (JSPL) Q1FY24 EBITDA of INR 26.3bn was 6% and 16% ahead of our and consensus’ estimates. Key points: 1) EBITDA/t (adj.) of INR 14,485 was ahead of our estimate of INR 12,080; 2) net debt at a 15-year low level of INR 68.1bn; 3) commissioning of 6mtpa pellet plant at Angul (in Odisha) and mining leases for Utkal C and Gare Palma IV/6 have been concluded; and 4) key facilities for Angul-II have been delayed by a quarter on average.