NSE: JINDALSTEL | BSE: 532286

Mid-range Performer

Download real time

1048.00 3.60 (0.34%)

Near 52W High of ₹1098.00

823.3K NSE+BSE Volume

NSE 01 Dec, 2025 3:31 PM (IST)

106,905.2

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.

Jindal Steel Ltd.

03 Jan 2023

1048.00

0.34%

Capacity and cost-efficiencies to aid earnings

Buy: Jindal Steel Ltd.

Target

ICICI Securities Limited

Jindal Steel and Power (JSPL) has been the top performer among mainstream ferrous players with a robust return of 45% in the past 3 months.

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

Jindal Steel Ltd.

11 Nov 2022

1048.00

0.34%

Low leverage to help cope with cyclical downturn

Buy: Jindal Steel Ltd.

Recommendation Target

ICICI Securities Limited

Jindal Steel and Power’s (JSPL) Q2FY23 performance missed consensus estimates mainly on negative price-cost spread.

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

Jindal Steel Ltd.

18 Jul 2022

1048.00

0.34%

Jindal Steel & Power (BUY): Q1 beats estimates; look beyond uncertainty BUY

Buy: Jindal Steel Ltd.

BOB Capital Markets Ltd.

Q1 results ahead of consensus but net debt reduction muted with higher working capital build

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

Jindal Steel Ltd.

16 Jul 2022

1048.00

0.34%

ASP surprises positively, maintain BUY

Buy: Jindal Steel Ltd.

Target

Motilal Oswal

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

Jindal Steel Ltd.

01 Jun 2022, 12:00AM

1048.00

0.34%

Subdued quarter; volume growth to continue

Buy: Jindal Steel Ltd.

Target

Motilal Oswal

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

Jindal Steel Ltd.

31 May 2022, 12:00AM

1048.00

0.34%

EBITDA downcycle continues

Sell: Jindal Steel Ltd.

Recommendation Target

ICICI Securities Limited

Jindal Steel & Power (JSPL) reported lower-than-expected EBIDTA and PAT in Q4FY22. EBIDTA/te declined by ~Rs3,815/te QoQ to Rs13,589/te; net debt at the end of Q4FY22 was Rs88.8bn. Consolidated EBITDA also declined by Rs3427/te – this could have been better but for US$14mn forex loss in Mozambique and inability to ramp up sales from the Russel vale coal mines.

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

Jindal Steel Ltd.

10 Feb 2022

1048.00

0.34%

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. has an average target of 1113.83 from 6 brokers.

Jindal Steel Ltd.

10 Feb 2022

1048.00

0.34%

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. is trading above its 200 day SMA of 961.0

Jindal Steel Ltd.

14 Jan 2022

1048.00

0.34%

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. has an average target of 1113.83 from 6 brokers.

Jindal Steel Ltd.

05 Jan 2022

1048.00

0.34%

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.

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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Accumulate SEE REPORTS >

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