NSE: JSL | BSE: 532508

Value Stock, Under Radar

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542.05 29.45 (5.75%)

New 52W Low in past week

1.2M NSE+BSE Volume

NSE 11 Apr, 2025 3:31 PM (IST)

44,652.4

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

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.

25 Mar 2025

542.05

5.75%

Long-term prospects remain intact

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

Despite relatively stable profitability, Jindal Stainless (JSL) has underperformed its carbon steel players over the past 12 months, primarily due to the concerns on earnings growth.

Jindal Stainless Ltd. has lost -28.15% in the last 6 Months

Jindal Stainless Ltd.

18 Oct 2024

542.05

5.75%

JINDAL STAINLESS LTD

Accumulate: Jindal Stainless Ltd.

Recommendation Target

Prabhudas Lilladhar

ICICI Securities Limited increased Buy price target of Jindal Stainless Ltd. to 760.0 on 25 Mar, 2025.

Jindal Stainless Ltd.

22 Aug 2024

542.05

5.75%

JINDAL STAINLESS LTD

Accumulate: Jindal Stainless Ltd.

Recommendation Target

Prabhudas Lilladhar

Jindal Stainless Ltd. has an average target of 787.00 from 2 brokers.

Jindal Stainless Ltd.

21 Oct 2023

542.05

5.75%

Perfect recipe for value: Lower debt and volume growth

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

Jindal Stainless (JSL)’s Q2FY24 performance lagged our estimates marginally, mainly due to lower-than-expected sales volume. Key points: 1) Exports volume was impacted by a subdued global (particularly European) market. 2) Profitability was also impacted by a transient lag between ferrochrome and chrome price movements.

Jindal Stainless Ltd. is trading below all available SMAs

Jindal Stainless Ltd.

20 Oct 2023

542.05

5.75%

JINDAL STAINLESS LTD

Buy: Jindal Stainless Ltd.

Prabhudas Lilladhar

ICICI Securities Limited increased Buy price target of Jindal Stainless Ltd. to 760.0 on 25 Mar, 2025.

Jindal Stainless Ltd.

28 Jul 2023

542.05

5.75%

Robust performance; volume-led growth on the anvil

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

Jindal Stainless’ (JSL) Q1FY24 EBITDA at INR 11.2bn (up 35% YoY) beat our estimate by 9%. Key points: 1) shipments rose 54% YoY to a record level of 548.6kte; 2) EBITDA/te at INR 20,375 was slightly ahead of our estimate; 3) domestic subsidiaries performed well while overseas subsidiaries continued to languish.

Jindal Stainless Ltd. is trading below all available SMAs

Jindal Stainless Ltd.

19 May 2023

542.05

5.75%

Jindal Stainless

Buy: Jindal Stainless Ltd.

Target

ICICI Direct

Jindal Stainless Ltd. is trading below all available SMAs

Jindal Stainless Ltd.

19 May 2023

542.05

5.75%

Volume growth a major positive

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

Jindal Stainless’ (JSL) Q4FY23 performance was 12% ahead of our and street estimates. Key points: 1) sales volumes were up 14% YoY (8.5% QoQ) to an all-time high of 507.6kte aided by the rolling of third-party stainless steel flats; 2) blended realisation however was down 14% YoY (-3% QoQ) tracking international raw material prices and higher volumes of the 200 series in the domestic market.

Number of FII/FPI investors increased from 576 to 592 in Dec 2024 qtr.

Jindal Stainless Ltd.

15 May 2023

542.05

5.75%

Transient decline provides fresh opportunity

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

Despite tumbling 13% in past one month, the Jindal Stainless (JSL) stock has delivered 112% return in past six months. We believe the stock deserves a fresh look as the fundamentals post-merger remain robust and we see a semblance of regulatory support emerging.

Jindal Stainless Ltd. has lost -28.15% in the last 6 Months

Jindal Stainless Ltd.

25 Jan 2023

542.05

5.75%

Volume growth a major positive

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

Jindal Stainless’ (JSL) Q3FY23 performance was 22% ahead of our and street estimates. Key points: 1) Sales volumes were up 33% YoY (22% QoQ) to an all- time high of 330.4kte aided by the rolling of third-party stainless steel flats; 2) blended realisation however was down 13% QoQ tracking international raw material prices and higher hollow-ware sales in the domestic market.

Jindal Stainless Ltd. is trading below all available SMAs

Is Jindal Stainless Ltd. worth buying?

300 Votes:

Buy 81.0%

Sell 10.67%

Hold 8.33%

RESEARCH REPORTS

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