NSE: JINDALSTEL | BSE: 532286

Turnaround Potential

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1033.70 -22.20 (-2.10%)

New 52W High in past week

2.0M NSE+BSE Volume

NSE 07 Oct, 2025 3:31 PM (IST)

105,446.5

Market Cap

High in industry

1.2

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.

10 May 2018

1033.70

-2.10%

Jindal Steel & Power Ltd Q4FY18 results Comment

Results Update: Jindal Steel Ltd.

HDFC Securities

Revenue increased by 23.45% to Rs. 8522.79 Cr in Q4FY18 when compared to the previous quarter. Jindal Steel & Power Ltd Q4FY18 results Comment

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

Jindal Steel Ltd.

09 May 2018

1033.70

-2.10%

Jindal Steel and Power: Steel business exhibiting strong operating performance

Buy: Jindal Steel Ltd.

Target

Motilal Oswal

4QFY18 consol. EBITDA grew 38% YoY (+33% QoQ) to INR21.4b (est. of INR19.5b), led by strong growth in steel volumes and higher steel margins. Adj. PAT turned positive to INR1.3b (est. of a loss of INR1.2b). Interest cost rose 24% YoY to INR10.7b, despite net debt declining by INR35b to INR420b. FY18 consol. EBITDA increased 39% YoY to INR65b and adj. loss after tax reduced from INR19b to INR8b. Cash profit more than doubled to INR26b. Standalone:Steel sales increased 26% QoQ (28% YoY) to 1.18mt. EBITDA per ton rose 31% QoQ to INR12,871, largely driven by higher spreads and some benefit of operating leverage. EBITDA increased 66% YoY to INR15.2b.

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

Jindal Steel Ltd.

19 Apr 2018

1033.70

-2.10%

Jindal Steel & Power Ltd

Buy: Jindal Steel Ltd.

AUM Capital

Further to our Research report dated October 18th 2017, wherein we had recommended a BUY at the then price of Rs. 161.20, the share price had reached its 52 week high to Rs. 294.30 increased by ~83% after the third quarter results for the FY18. The company has been steadily moving towards new highs with strong financial outlook. Healthy demand is expected for steel domestically...

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

Jindal Steel Ltd.

09 Feb 2018

1033.70

-2.10%

Jindal Steel & Power: Production ramp-up encouraging

Buy: Jindal Steel Ltd.

Target

Motilal Oswal

The newly-commissioned blast oxygen furnace (BOF) is ramping up well. Hot metal from the blast furnace (BF) is transferred to the BOF through torpedoes. The BOF is operating at 45 minutes per batch, which will be gradually optimized to 35-40 minutes per batch. It has already touched a peak of 27 heats per day (against capacity of 36-41 at optimized rate). Crude steel production was 165kt in January, and is likely to increase to 280kt in February, with a target of 400ktpm by May 2018. By this time, the second 2.5mtpa billet caster will have commissioned. This will take told casting capacity from 3.7mtpa to 6.2mtpa and pave the way for full ramp-up of steel-making capacity. Bottlenecks will shift to rolling capacity at Angul. However, excess semis will be rolled in Patratu site in Jharkhand.

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

Jindal Steel Ltd.

10 Nov 2017

1033.70

-2.10%

Jindal Steel & Power Ltd Q2FY18 results comment

Results Update: Jindal Steel Ltd.

HDFC Securities

Jindal Steel & Power Ltd Q2FY18 results comment Revenue grew by 7.63% to Rs. 6035.15 Cr in Q2FY18 when compared to the previous quarter. Also, it increased by 34.55% when compared with Q2FY17.

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

Jindal Steel Ltd.

09 Nov 2017

1033.70

-2.10%

Jindal Steel and Power: Oman reports strong numbers, drives upgrade

Buy: Jindal Steel Ltd.

Target

Motilal Oswal

JPL to benefit from 350MW PPAs; Maintain Buy Jindal Steel & Power's (JSP) 2QFY18 consolidated EBITDA increased 62% YoY to INR13.7b (est. of INR12.4b). Oman steel plants' performance was very strong, as EBITDA increased 73% QoQ to INR3.6b, driven by full capacity utilization and higher spreads. Standalone business' performance was boosted by strong pellet sales, whereas steel volumes disappointed. Interest cost has inched up on restructuring of loans. Jindal Power's PLF was low due to seasonal factors and shortage of coal....

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

Jindal Steel Ltd.

09 Aug 2017

1033.70

-2.10%

Jindal Steel & Power Ltd Q1FY18 results comment

Results Update: Jindal Steel Ltd.

HDFC Securities

Revenue decreased by 7.94% to Rs. 5607.27 Cr in Q1FY18 when compared to the previous quarter Revenue decreased by 7.94% to Rs. 5607.27 Cr in Q1FY18 when compared to the previous quarter

Jindal Steel Ltd. has gained 21.60% in the last 6 Months

Is Jindal Steel & Power Ltd. worth buying?

515 Votes:

Buy 75.92%

Sell 16.7%

Hold 7.38%

RESEARCH REPORTS

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