NSE: JSL | BSE: 532508

Falling Comet

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694.55 15.20 (2.24%)

544.8K NSE+BSE Volume

NSE 12 Jun, 2026 3:31 PM (IST)

57,260.1

Market Cap

High in industry

Beta 1Year

High Volatility

Analyst Upgrade

Prabhudas Lilladher upgrades JSL to a 'Buy' call, expects a 13% EBITDA CAGR over FY27-28 See details

Jindal Stainless Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for JSL, BSE:532508 Jindal Stainless Ltd.

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Jindal Stainless Ltd.

11 Jun 2026

694.55

2.24%

Jindal Stainless (JDSL IN) Company Update Attractive risk-reward after recent correction Upgrade to BUY'

Buy: Jindal Stainless Ltd.

Recommendation

Prabhudas Lilladhar

11% CAGR in volumes over FY26-29E; growth rate to pick up in FY28E post downstream asset commissioning. Domestic SS prices are ~8-9% discount to Chinese prices. We upgrade Jindal Stainless (JDSL) from Accumulate' to BUY' as the recent correction offers an attractive opportunity to own India's largest stainless-steel producer at reasonable valuation. We believe the market is overly focused on near-term concerns such as fall in LME nickel, elevated fuel costs, higher Chinese imports & export market uncertainty, overlooking JDSL's long term growth drivers. Recent commissioning of the...

Prabhudas Lilladhar upgraded Jindal Stainless Ltd. to Buy with a price target of 821.0 on 11 Jun, 2026.

Jindal Stainless Ltd.

06 May 2026

694.55

2.24%

Jindal Stainless (JDSL IN) Q4FY26 Result Update Good Q4 despite disruptions; cost pressures linger ACCUMULATE

Accumulate: Jindal Stainless Ltd.

Target

Prabhudas Lilladhar

Jindal Stainless (JDSL) reported strong operating performance in Q4FY26 despite flattish volumes of 642kt, impacted by propane/LPG shortage since mid-March. Domestic volumes saw marginal growth supported by steady demand across autos, pipes & tubes, railways and infrastructure. Export volumes declined 12.6% YoY to ~45kt, impacted by global trade disruptions and tariff uncertainties, though improving gradually due to focus on other growing regions. Average NSR increased 3.1% QoQ, led by higher SS prices during the quarter. On the cost front, lower raw material costs supported margins, partially offset by higher other expenses. Cons. EBITDA/t stood at...

Number of FII/FPI investors increased from 659 to 671 in Mar 2026 qtr.

Jindal Stainless Ltd.

06 May 2026

694.55

2.24%

Jindal Stainless

Hold: Jindal Stainless Ltd.

Recommendation Target

ICICI Direct

About the stock: Jindal Stainless (JSL), founded in 1970, is India's leading stainless-steel company and top five stainless steel makers globally (Ex China). Operates integrated stainless-steel plant capacity of ~4.2 million tons per annum (India- 3 MTPA & Indonesia- 1.2 MTPA). Q4FY26 Results: JSL reported a steady performance in Q4FY26. Consolidated topline stood at 11,337 crore (up 11% YoY) with stainless steel sales volume stood at 6.42 lakh tons, flat YoY. Reported EBITDA was at 1,455 crore with EBITDA margins at 12.8% (down 55 bps QoQ). EBITDA/tonne stood at 22,670 vs 21,665...

Jindal Stainless Ltd. is trading below all available SMAs

Jindal Stainless Ltd.

05 May 2026

694.55

2.24%

Strong performance driven by SS price recovery

Buy: Jindal Stainless Ltd.

Target

Motilal Oswal

Jindal Stainless (JDSL IN)’s revenue stood at INR113b (+11% YoY and +8% QoQ) against our estimate of INR107b in 4QFY26.

Jindal Stainless Ltd. is trading below all available SMAs

Jindal Stainless Ltd.

23 Jan 2026

694.55

2.24%

Jindal Stainless

Buy: Jindal Stainless Ltd.

Target

ICICI Direct

Operates India's largest fully integrated stainless-steel plant with capacity of ~3 million tons per annum (Odisha- 2.2 MTPA & Hisar- 0.8 MTPA). Q3FY26 Results: JSL reported a steady performance in Q3FY26. Consolidated topline stood at 10,518 crore (up 6% YoY) with stainless steel sales volume stood at 6.5 lakh tons, up by 11% YoY. Reported EBITDA was at 1,408 crore with EBITDA margins at 13.4% (up 65 bps QoQ). EBITDA/tonne stood at 21,661 vs 21,416 in...

Number of FII/FPI investors increased from 659 to 671 in Mar 2026 qtr.

Jindal Stainless Ltd.

23 Jan 2026

694.55

2.24%

In-line performance; we await clarity on upcoming growth plans

Buy: Jindal Stainless Ltd.

ICICI Securities Limited

Jindal Stainless (JSL)’s Q3FY26 EBITDA was in line with our estimate at INR 14.1bn (+17%/+1% YoY/QoQ), driven by better sales volume at 650Kte (+11%/+0% YoY/QoQ).

Number of FII/FPI investors increased from 659 to 671 in Mar 2026 qtr.

Jindal Stainless Ltd.

22 Jan 2026

694.55

2.24%

In line with estimates; strong volumes and lower costs to support earnings ahead

Buy: Jindal Stainless Ltd.

Target

Motilal Oswal

Jindal Stainless (JDSL) reported a revenue of INR105b (vs. est. INR113b), growing 6% YoY (-3% QoQ) in 3QFY26. The growth was primarily led by strong volumes, which were partially offset by muted ASP during the quarter.

Prabhudas Lilladhar upgraded Jindal Stainless Ltd. to Buy with a price target of 821.0 on 11 Jun, 2026.

Jindal Stainless Ltd.

21 Nov 2025

694.55

2.24%

Long growth runway; Well-placed as the industry leader

Buy: Jindal Stainless Ltd.

Motilal Oswal

Jindal Stainless (JDSL) is executing a strategy to support sustainable longterm growth, which focuses on: capacity expansion, raw material security, and product diversification and value addition.

Promoters initiated pledges of 0.51% of holdings in Mar 2026 qtr.

Jindal Stainless Ltd.

12 Nov 2025

694.55

2.24%

Near-term headwinds persist; long-term positive outlook intact

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

Jindal Stainless (JSL)’s Q2FY26 EBITDA was 5% better than our estimates at INR 13.9bn (+17%/+6% YoY/QoQ) driven by better sales volumes.

Jindal Stainless Ltd. has an average target of 882.00 from 5 brokers.

Jindal Stainless Ltd.

11 Nov 2025

694.55

2.24%

In-line performance; strong volume and healthy NSR support earnings

Buy: Jindal Stainless Ltd.

Target

Motilal Oswal

Jindal Stainless’ (JDSL) revenue for 2QFY26 came in line with our estimates at INR109b, up 11% YoY and 7% QoQ. The growth was primarily led by healthy sales volume of 648KT, which recorded 15% YoY and 4% QoQ growth in 2QFY26.

Promoters initiated pledges of 0.51% of holdings in Mar 2026 qtr.

Is Jindal Stainless Ltd. worth buying?

327 Votes:

Buy 80.43%

Sell 11.31%

Hold 8.26%

RESEARCH REPORTS

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