Notes / Company

Jindal Steel Ltd.

JINDALSTEL BSE 532286 ISIN INE749A01030 Steel/Sponge /Pig Iron

Fundamentals

Market cap: ₹1.08 lakh cr
P/E: 32.10×
ROE: 5.96%
Debt / equity: 0.38
Div yield: 0.18%
52-week range: 914.60 — 1306.20

Research on Tijori Finance

Company snapshot

Jindal Steel Ltd.

Steel

₹1.07 L cr

P/E 31.92×

Latest quarter · Mar 2026

Sales₹16,218 cr

Net profit₹1,052 cr

Op. margin+18.1%

EPS₹10.27

Strength & growth

Debt / equity0.38×

Current ratio1.04×

Sales CAGR+10.9%

The timeline — 1 note on Jindal Steel Ltd.

July 2026

01 Jul 26 · 11:29 AM IST Brief

Brief · Credit · Mega cap

CARE upgrades Jindal Steel to AA+, stable outlook

One-notch upgrade from AA reflects improved credit profile and deleveraging. Short-term rating reaffirmed at A1+. Impact on borrowing costs is modest, and the move was widely anticipated.

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