NSE: JSL | BSE: 532508

Falling Comet

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723.60 -10.40 (-1.42%)

160.5K NSE+BSE Volume

NSE 02 Sep, 2026 11:42 AM (IST)

59,655

Market Cap

High in industry

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.

05 Aug 2026

723.60

-1.42%

Protects margins despite volume loss; gradual recovery underway

Buy: Jindal Stainless Ltd.

Target

ICICI Securities Limited

Jindal Stainless (JSL) reported Q1FY27 EBITDA of INR 13.2bn (+1% YoY/-9% QoQ). The decline was due to production disruptions caused by industrial gas shortages.

Jindal Stainless Ltd. has an average target of 883.00 from 5 brokers.

Jindal Stainless Ltd.

04 Aug 2026

723.60

-1.42%

Strong performance driven by SS price recovery

Buy: Jindal Stainless Ltd.

Motilal Oswal

Jindal Stainless’ (JDSL) reported revenue stood at INR113b (+11% YoY and flat QoQ), above our estimate of INR103b during 1QFY27. The growth was attributed to strong ASP recovery, which offset muted volume.

Jindal Stainless Ltd. has an average target of 883.00 from 5 brokers.

Jindal Stainless Ltd.

21 Jul 2026

723.60

-1.42%

Attractive risk-reward: Structural growth to outweigh nearterm headwinds

Buy: Jindal Stainless Ltd.

Target

Motilal Oswal

We maintain our positive stance on Jindal Stainless (JDSL), as the recent stock correction offers an attractive risk-reward opportunity in India's largest SS producer, having more than 50% domestic capacity share and over 90% volume from domestic markets.

Promoters pledged 0.10% of shares in last quarter. Total pledge stands at 0.61% of promoter holdings

Jindal Stainless Ltd.

11 Jun 2026

723.60

-1.42%

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...

Jindal Stainless Ltd.'s price crossed above 50Day SMA today

Jindal Stainless Ltd.

06 May 2026

723.60

-1.42%

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...

Promoters pledged 0.10% of shares in last quarter. Total pledge stands at 0.61% of promoter holdings

Jindal Stainless Ltd.

06 May 2026

723.60

-1.42%

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. has an average target of 883.00 from 5 brokers.

Jindal Stainless Ltd.

05 May 2026

723.60

-1.42%

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.

Promoters pledged 0.10% of shares in last quarter. Total pledge stands at 0.61% of promoter holdings

Jindal Stainless Ltd.

23 Jan 2026

723.60

-1.42%

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...

Promoters pledged 0.10% of shares in last quarter. Total pledge stands at 0.61% of promoter holdings

Jindal Stainless Ltd.

23 Jan 2026

723.60

-1.42%

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).

Jindal Stainless Ltd.'s price crossed below 100Day SMA today

Jindal Stainless Ltd.

22 Jan 2026

723.60

-1.42%

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.

Jindal Stainless Ltd. is trading above its 50 day SMA of 718.2

Is Jindal Stainless Ltd. worth buying?

327 Votes:

Buy 80.43%

Sell 11.31%

Hold 8.26%

RESEARCH REPORTS

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