JINDAL STEELNSE: JINDALSTELBSE: 532286Metals & Mining · Iron & Steel

₹1,060.0011.90 (1.14%)

Mkt Cap: ₹1.08 L Cr.
P/E (TTM): 37.92
Open: ₹1,051.00
Day's Range: ₹1,042.30 – ₹1,062.90
52W Range: ₹977.10 – ₹1,306.20
Div Yield: 0.19%
EPS (TTM): ₹7.59
Book Value: ₹508.20

JINDAL STEEL Financial Statements

Name: JINDAL STEEL Financials — historical data
Creator: StockeZee

For May 2026, JINDAL STEEL reported revenue of ₹53,225 crore and net profit of ₹3,367 crore. Return on equity stands at 5.79%. Profit & loss, balance sheet and cash flow across 18 reported years are below.

Updated 30 Oct 2026Source: NSE & BSE company filingsNifty 100 constituent

Latest year revenue: ₹53,225 Cr
EBITDA: ₹9,660 Cr
Operating margin: 18.15%
Profit after tax: ₹3,367 Cr
Net margin: 6.33%
EPS: ₹33.01
Latest year: May 2026
Years reported: 18

JINDAL STEEL revenue and profit trend

The quickest view of reported annual business performance. Revenue and profit use separate scales.

JINDAL STEEL profit & loss

Reported annual performance for JINDAL STEEL, oldest to newest. Figures in ₹ crore unless a row states otherwise.

JINDAL STEEL annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	May 2022	Mar 2023	May 2023	Mar 2024	May 2024	Mar 2025	Apr 2025	Mar 2026	May 2026
Revenue from Operations	51,086	51,086	52,711	52,711	50,027	50,027	49,765	49,765	53,225	53,225
Sales Growth YoY %	31.03%	31.03%	3.18%	3.18%	-5.09%	-5.09%	-0.52%	—	6.95%	—
Other Income	50	50	57	57	157	157	168	168	328	328
Total Income	51,136	51,136	52,768	52,768	50,183	50,183	49,932	49,932	53,553	53,553
Cost of Goods Sold (COGS)	20,502	20,502	24,698	24,698	22,020	22,020	23,560	23,560	25,495	25,495
Cost of Materials Consumed	18,960	18,960	22,388	22,388	19,748	19,748	20,783	20,783	24,593	24,593
Purchases of Stock-in-Trade	2,319	2,319	2,454	2,454	2,318	2,318	1,711	1,711	1,822	1,822
Changes in Inventories	-777	-777	-145	-145	-46	-46	1,066	1,066	-920	-920
Gross Profit	30,583	30,583	28,014	28,014	28,007	28,007	26,205	26,205	27,730	27,730
Gross Margin %	59.87%	59.87%	53.15%	53.15%	55.98%	55.98%	52.66%	52.66%	52.1%	52.1%
Total Operating Expenses	15,070	15,070	18,079	18,079	17,806	17,806	16,711	16,711	18,071	18,071
Employee Benefit Expense	871	871	1,134	1,134	1,288	1,288	1,184	1,184	1,251	1,251
Other Expenses	14,199	14,199	16,944	16,944	16,518	16,518	15,527	15,527	16,820	16,820
EBITDA	15,513	15,513	9,935	9,935	10,201	10,201	9,494	9,494	9,660	9,660
OPM %	30.37%	30.37%	18.85%	18.85%	20.39%	20.39%	19.08%	19.08%	18.15%	18.15%
Total Non-Operating Expenses	3,578	3,578	2,767	2,767	4,116	4,116	2,850	2,850	3,817	3,817
Depreciation & Amortisation	2,097	2,097	2,691	2,691	2,822	2,822	2,768	2,768	3,171	3,171
Finance Costs	1,888	1,888	1,446	1,446	1,294	1,294	1,312	1,312	1,517	1,517
Exceptional Items (Before Tax)	-406	-406	-1,369	-1,369	0	0	-1,229	-1,229	-871	-871
Profit Before Tax (PBT)	11,173	11,173	4,486	4,486	6,241	6,241	4,353	4,353	4,428	4,428
Tax Expense	2,925	2,925	1,292	1,292	298	298	1,498	1,498	1,052	1,052
Current Tax	2,467	2,467	1,497	1,497	356	356	1,596	1,596	632	632
Deferred Tax	458	458	-204	-204	-58	-58	-98	-98	420	420
Effective Tax %	26.17%	26.17%	28.81%	28.81%	4.77%	4.77%	34.41%	34.41%	23.76%	23.76%
Profit/Loss from Discontinued Operations	-1,483	-1,483	781	781	0	0	0	0	0	0
Total Profit for Period	6,766	6,766	3,974	3,974	5,943	5,943	2,846	2,846	3,361	3,361
Less: Non-controlling Interests	1,013	1,013	800	800	5	5	34	34	-7	-7
Net Profit (Owner's PAT)	5,753	5,753	3,174	3,174	5,938	5,938	2,812	2,812	3,367	3,367
Net Profit Margin %	11.26%	11.26%	6.02%	6.02%	11.87%	11.87%	5.65%	5.65%	6.33%	6.33%
PAT Growth YoY %	58.33%	58.33%	-44.83%	-44.83%	87.1%	87.1%	-52.65%	—	19.74%	—
Earnings Per Share (EPS)	₹56.4	₹56.4	₹31.11	₹31.11	₹58.21	₹58.21	₹27.57	₹27.57	₹33.01	₹33.01
Diluted Shares Outstanding (Cr.)	102	102	102	102	102	102	102	102	102	102
Profit/Loss from Associates	-0	-0	-0	-0	-0	-0	-9	-9	-15	-15
Other Comprehensive Income (Net of Tax)	-280	-280	-803	-803	-16	-16	-237	-237	-25	-25
Expenses	39,963	39,963	48,283	48,283	43,942	43,942	45,580	45,580	49,125	49,125
Material Cost %	37.11%	37.11%	42.47%	42.47%	39.47%	39.47%	41.76%	41.76%	46.21%	46.21%
Employee Cost %	1.7%	1.7%	2.15%	2.15%	2.57%	2.57%	2.38%	2.38%	2.35%	2.35%
Other Cost %	27.79%	27.79%	32.15%	32.15%	33.02%	33.02%	31.2%	31.2%	31.6%	31.6%
Interest Coverage (x)	7.11	7.11	5.01	5.01	5.7	5.7	5.13	5.13	4.28	4.28

Showing the most recent 10 of 18 reported periods.

JINDAL STEEL balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

JINDAL STEEL annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	32,127	31,361	30,937	37,095	39,019	44,751	47,419	51,841
Equity Share Capital	97	102	102	101	101	100	101	102
Reserves & Surplus	32,331	32,035	31,713	35,524	38,606	44,216	47,084	50,797
Total Equity	32,127	31,361	30,937	37,095	39,019	44,751	47,419	51,841
Non-Current Liabilities	36,055	35,138	27,624	16,846	14,909	17,955	21,905	27,773
Long-term Borrowings	29,940	27,897	20,230	8,434	7,208	10,058	14,005	19,595
Deferred Tax Liabilities	5,364	5,623	6,239	7,276	5,937	5,923	5,855	6,261
Non-Current Provisions	315	297	323	422	350	429	479	582
Other Non-Current Liabilities	0	1	0	0	0	—	0	—
Non-Current Financial Liabilities	30,376	29,218	21,061	9,148	8,623	11,603	15,571	20,931
Current Liabilities	21,404	23,243	19,279	15,553	15,499	16,010	16,515	18,148
Short-term Borrowings	4,826	2,779	1,321	4,428	5,228	5,838	3,837	2,443
Trade Payables	5,221	5,567	4,038	5,252	4,700	4,682	5,713	8,778
Current Financial Liabilities	17,222	17,488	15,271	11,730	12,092	13,391	13,632	15,033
Other Current Financial Liabilities	7,176	9,142	9,912	2,050	2,164	2,871	4,083	3,812
Other Current Liabilities	4,059	5,657	3,926	3,588	3,095	2,539	2,786	2,988
Current Provisions	122	98	82	89	97	73	95	128
Liabilities Held for Sale	—	—	—	7,149	—	—	—	—
Current Tax Liabilities	—	—	0	146	214	7	2	0
Total Liabilities	57,459	58,381	46,903	39,548	30,408	33,965	38,420	45,921
Total Non-Current Assets	75,274	73,751	57,521	50,035	53,952	60,967	68,294	75,014
Property, Plant & Equipment (PPE)	66,998	67,219	51,875	42,244	40,804	45,790	47,402	62,533
Capital Work-in-Progress	2,906	1,975	890	1,736	7,106	8,872	15,518	7,265
Intangible Assets	2,002	1,553	1,974	2,796	2,683	2,539	1,531	1,514
Investment Property	6	—	—	—	—	—	—	—
Non-Current Investments	145	143	144	138	143	149	496	1,061
Loans – Non-Current	348	57	242	65	167	190	77	85
Other Non-Current Assets	1,116	1,033	1,017	1,349	1,993	2,132	1,341	1,023
Non-Current Financial Assets	508	210	443	660	547	801	1,165	1,390
Net Fixed Assets	71,906	70,746	54,739	46,776	50,593	57,200	64,451	71,312
Total Current Assets	14,027	15,742	20,319	15,395	15,458	17,733	17,533	22,737
Inventories	6,510	6,369	5,943	7,281	5,887	7,077	5,610	8,023
Trade Receivables	3,029	3,549	2,794	1,264	974	1,665	1,363	1,729
Cash & Cash Equivalents	197	562	5,965	3,505	4,261	3,306	2,617	1,890
Current Investments	5	38	1,011	332	765	670	1,705	2,107
Loans – Current	257	154	221	125	96	64	33	26
Current Financial Assets	3,917	4,916	10,304	5,575	7,049	6,585	7,580	8,845
Other Current Assets	3,109	3,994	3,596	2,537	2,521	3,913	4,267	5,079
Other Current Financial Assets	204	269	125	185	497	162	299	842
Assets Held for Sale	284	249	—	11,214	17	15	12	11
Current Tax Assets	492	464	476	2	2	158	75	790
Net Working Capital	-7,376	-7,501	1,040	-158	-40	1,724	1,018	4,589
Additional Asset Fields	-301	-776	-877	1,471	313	474	308	1,069
Def Tax Assets	—	—	—	—	—	39	74	127
Non Bearer Bio Assets	0	0	0	—	—	—	—	—
Non Controlling Int	-301	-776	-878	1,471	313	435	234	942
Total Assets	89,585	89,742	77,840	76,644	69,427	78,715	85,839	97,762
Total Borrowings	34,766	30,675	21,551	12,862	12,435	15,896	17,842	22,038
Net Debt	34,569	30,114	15,586	9,357	8,174	12,590	15,225	20,148
Debt to Equity (x)	1.08	0.98	0.7	0.35	0.32	0.36	0.38	0.43
Current Ratio (x)	0.66	0.68	1.05	0.99	1	1.11	1.06	1.25

JINDAL STEEL cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

JINDAL STEEL annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	16,048	7,276	6,008	10,824	7,204
Profit Before Tax	11,173	4,486	6,241	4,353	4,428
Depreciation & Amortisation	3,007	2,691	2,822	2,768	3,171
Finance Costs	2,375	1,446	1,294	1,312	1,517
Working Capital Changes	10	508	-3,652	3,146	-713
Tax Paid	-1,960	-2,705	-675	-1,515	-1,349
Net Cash from Investing Activities	-2,331	-4,019	-8,344	-12,323	-10,734
Purchase of PPE	-2,944	-6,448	-8,517	-10,607	-9,574
Sale of Fixed Assets	784	-350	90	117	27
Interest Received	163	73	243	193	146
Net Cash from Financing Activities	-15,120	-2,500	1,381	809	2,803
Proceeds from Borrowings	967	6,753	8,445	8,181	8,015
Repayment of Borrowings	-12,795	-7,218	-4,984	-6,219	-3,595
Interest Paid	-2,606	-1,539	-1,621	-1,996	-2,161
Dividend Paid	-98	-205	-200	-200	-204
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	-90	-91	0	-74	-72
Net Change in Cash	-1,403	757	-955	-689	-727
Effect of Foreign Exchange Changes	0	0	0	0	0
Free Cash Flow	13,103	827	-2,509	217	-2,370
CFO / PBT (x)	1.44	1.62	0.96	2.49	1.63

JINDAL STEEL key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

JINDAL STEEL trades at a P/E of 37.92× against a sector median of 14.93× — a 154% premium. Sector comparisons can mislead for conglomerates with mixed business lines.

JINDAL STEEL valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	37.92
Forward P/E	Valuation	11.97
P/B	Valuation	2.07
EV / EBITDA (TTM)	Valuation	23.1
P/S (TTM)	Valuation	1.76
Operating margin	Profitability	9.09%
Net margin (TTM)	Profitability	4.34%
Return on equity	Return ratios	5.79%
Return on capital employed	Return ratios	8.24%
Return on assets	Return ratios	4.42%
Debt to equity	Leverage & liquidity	0.14
Beta	Leverage & liquidity	1.22
EPS (TTM)	Per share	₹7.59
Book value	Per share	₹508.2
Revenue / share (TTM)	Per share	₹540.57
Cash flow / share	Per share	₹70.8
Dividend yield	Shareholder returns	0.19%
Dividend payout (TTM)	Shareholder returns	6.04%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

JINDAL STEEL: frequently asked questions

What is JINDAL STEEL's annual revenue?

JINDAL STEEL reported revenue of ₹53,225 crore in May 2026, up 0.0% on the previous financial year.

Is JINDAL STEEL profitable?

JINDAL STEEL reported a net profit of ₹3,367 crore in May 2026, up 0.0% on the previous financial year.

What is JINDAL STEEL's EPS?

JINDAL STEEL reported earnings per share of ₹33.01 for May 2026.

What is JINDAL STEEL's operating margin?

JINDAL STEEL's operating margin for May 2026 was 18.15%.

What is JINDAL STEEL's return on equity?

JINDAL STEEL's return on equity stands at 5.79%. ROE measures profit generated per rupee of shareholder equity.

How many years of JINDAL STEEL financials are shown?

18 reported financial years are tabulated on this page, the most recent being May 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about JINDAL STEEL (JINDALSTEL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.