NSE: JSL | BSE: 532508

Mid-range Performer

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733.90 -20.90 (-2.77%)

500.3K NSE+BSE Volume

NSE 11 May, 2026 1:25 PM (IST)

60,504.2

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.

06 May 2026

733.90

-2.77%

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

Jindal Stainless Ltd.

06 May 2026

733.90

-2.77%

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 882.00 from 5 brokers.

Jindal Stainless Ltd.

05 May 2026

733.90

-2.77%

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

Jindal Stainless Ltd.

23 Jan 2026

733.90

-2.77%

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

Jindal Stainless Ltd.

23 Jan 2026

733.90

-2.77%

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. is trading below all available SMAs

Jindal Stainless Ltd.

22 Jan 2026

733.90

-2.77%

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.

ICICI Direct downgraded Jindal Stainless Ltd. to Hold with a price target of 880.0 on 06 May, 2026.

Jindal Stainless Ltd.

21 Nov 2025

733.90

-2.77%

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.

Jindal Stainless has gained 26.62% in the last 1 Year

Jindal Stainless Ltd.

12 Nov 2025

733.90

-2.77%

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.

ICICI Direct downgraded Jindal Stainless Ltd. to Hold with a price target of 880.0 on 06 May, 2026.

Jindal Stainless Ltd.

11 Nov 2025, 12:00AM

733.90

-2.77%

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.