NSE: JINDALSTEL | BSE: 532286

Mid-range Performer

Download real time

1032.45 -13.55 (-1.30%)

Near 52W High of ₹1069.00

709.7K NSE+BSE Volume

NSE 22 Sep, 2025 3:31 PM (IST)

105,319

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.

Jindal Steel Ltd.

10 Feb 2022

1032.45

-1.30%

JINDAL STEEL & POWER

Buy: Jindal Steel Ltd.

Prabhudas Lilladhar

Rs17,405 (PLe:Rs18,480), down 18% QoQ (17% YoY). JSP reduced net debt by 83%/Rs374bn (including cash of Rs30.4bn to be received on closure of JPL deal) since FY17 through free cash flow generation and divestment of Oman steel operations and JPL. 45% of the total reduction was contributed by divestments (40%) and issuance of equity (5%) while rest through operating cash flows. Resultantly, current Net debt/EBITDA is expected at comfortable level of 0.7x on normalised earnings assumed for FY23e with EBITDA/t at Rs12,000 and accelerated capex on 6mnt...

Jindal Steel Ltd. has an average target of 1050.50 from 8 brokers.

Jindal Steel Ltd.

10 Feb 2022

1032.45

-1.30%

Weak demand, lower ASP, and high input cost dents result

Buy: Jindal Steel Ltd.

Target

Motilal Oswal

Standalone EBITDA grew 37% YoY, but down 10% QoQ, to INR17,404/t, 12% below our estimate at INR19,673/t. EBITDA reduction of INR3,863/t was largely on account of a sharp rise in net RM/conversion costs (up INR4,255/INR3,035 per tonne QoQ). EBITDA stood at INR31.6b (down 19% YoY and 30% QoQ) in 3QFY22, 7%...

Jindal Steel Ltd. is trading above all available SMAs

Jindal Steel Ltd.

14 Jan 2022

1032.45

-1.30%

Pick of the Week - Jindal Steel & Power Limited

Buy: Jindal Steel Ltd.

Recommendation Target

Edelweiss

Jindal Steel and Power Limited is an India-based steel producer.

Jindal Steel Ltd. is trading above all available SMAs

Jindal Steel Ltd.

05 Jan 2022

1032.45

-1.30%

Another potential 30mtpa steel complex

Accumulate: Jindal Steel Ltd.

ICICI Securities Limited

We visited Jindal Steel and Power’s (JSPL) Angul plant. The plant has evolved and improved a lot since our first visit in CY09. Availability of linkage coal allows steady quality of Syngas generation, and allows smooth operation of the DRI – current cost of Syn gas generation is US$5-6/mmbtu.

Jindal Steel Ltd. is trading above all available SMAs

Jindal Steel Ltd.

09 Dec 2021

1032.45

-1.30%

Company Update - Correction provides an attractive entry - BUY

Buy: Jindal Steel Ltd.

Target

Prabhudas Lilladhar

Domestic steel stocks have been under pressure due to 2x increase in coking Change in Estimates | Target | Reco coal prices, negative sentiments on Chinese demand and 50% fall in iron ore prices. Strong steel prices and lower costs benefitted the Ferrous sector over...

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

Jindal Steel Ltd.

06 Dec 2021

1032.45

-1.30%

Cautious near-term demand, but pent-up demand inevitable

Buy: Jindal Steel Ltd.

Target

Motilal Oswal

Near-term demand is tepid and demand decline is seen (especially last month) due to (a) the ban on construction in the NCR region due to severe pollution levels, (b) an extended monsoon, (c) weak sentiment in the international market consumers are adopting the wait-and-watch policy, and (d) sufficient inventory lying with traders, who, in a falling market, would try and liquidate rather than accumulate....

Jindal Steel Ltd. is trading above all available SMAs

Jindal Steel Ltd.

03 Nov 2021

1032.45

-1.30%

Q2FY22 Result Update - Margins in line; Strong show on debt reduction - BUY

Buy: Jindal Steel Ltd.

Target

Prabhudas Lilladhar

Coking coal cost would increase by US$50/t QoQ in Q3FY22 Jindal steel & Power (JSP) reported Q2FY22 EBITDA in line with our estimates; above consensus estimates by 4%. EBITDA margins came in line...

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

Jindal Steel Ltd.

03 Nov 2021

1032.45

-1.30%

Jindal Steel & Power: Q2FY22 Result Review

Buy: Jindal Steel Ltd.

Target

IDBI Capital

Jindal Steel & Power (JSPL) Q2FY22 EBITDA was in line with our forecast. Its EBITDA was flat QoQ (despite domestic sales volumes increasing by 32% QoQ to 2.1 mn tonnes) on fall in pellet realizations and sharp increase in prices of coking coal. The company's volumes jumped QoQ despite sluggish demand in the domestic market as it stepped up exports. Importantly, JSPL's net debt fell by Rs41 bn QoQ to Rs112 bn and it aims to become net debt free company by FY23. Lastly, Jindal Power divestment is approved by...

Jindal Steel Ltd. is trading above all available SMAs

Jindal Steel Ltd.

11 Aug 2021

1032.45

-1.30%

Q1FY22 Result Update - Beat on margins; Underperformance, valuations and fall in iron ore drives upgrade - BUY

Buy: Jindal Steel Ltd.

Recommendation

Prabhudas Lilladhar

Zero cost iron ore inventory fully exhausted in the quarter Jindal steel & Power (JSP) reported Q1FY22 EBITDA above our/consensus estimates by 7%. The beat was primarily on count of higher realisations....

Jindal Steel Ltd. is trading above all available SMAs

Jindal Steel Ltd.

11 Aug 2021

1032.45

-1.30%

Q1FY22 Result Review : Jindal Steel & Power

Buy: Jindal Steel Ltd.

Target

IDBI Capital

Jindal Steel & Power (JSPL) reported lower than expected Q1FY22 EBIDTA on weaker than expected sales volumes. Its standalone EBITDA decreased 7% QoQ to Rs45 bn as its volumes fell 16% to 1.6 mn tonnes. Exports contributed 34% to its sales in 1QFY22 compared to 27% in Q1FY21 as lockdown affected domestic demand. Nevertheless, its...

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

Is Jindal Steel & Power Ltd. worth buying?

515 Votes:

Buy 75.92%

Sell 16.7%

Hold 7.38%

RESEARCH REPORTS

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