Jindal Stainless Ltd (JSL) — shareholding pattern, promoter holding, financials and share price
About Jindal Stainless Ltd (JSL)
Jindal Stainless Ltd operates in the Iron & Steel industry, within the Metals & Mining sector. It trades on the NSE as JSL and on the BSE under scrip code 532508. Its ISIN is INE220G01021.
Jindal Stainless Ltd is one of the largest manufacturers of Stainless Steel flat products, in Austenitic, Ferritic, Martensitic and Duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods etc. [1]
Jindal Stainless Limited is India's leading stainless steel manufacturer with an operational focus on flat products and integrated melting. It is geared towards scalability with a capacity target of 4.2 MTPA.
The company reported a robust 23% year-on-year increase in PAT for Q3 FY26 driven by stable domestic market demand across key sectors such as automotive and infrastructure.
Listed peers in Iron & Steel: Jindal Steel Ltd, Steel Authority of India Ltd, Sarda Energy & Minerals Ltd, Vedanta Iron & Steel Ltd, NMDC Steel Ltd, Jai Balaji Industries Ltd.
Valuation & Returns
10 Jul 2026At ₹715.9 a share on 10 Jul 2026, Jindal Stainless Ltd (JSL) was valued at a price-to-earnings ratio of 18.53x against an industry P/E of 24.95x and a price-to-book of 3.54x on a book value of ₹202.42 per share as of Mar 2025. Solomo computes return on equity of 19.08% and return on capital employed of 20.83% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 18.53x
- Industry P/E
- 24.95x
- P/B
- 3.54x
- EPS (TTM)
- ₹38.63
- Book value / share
- ₹202.42
- ROE
- 19.08%
- ROCE
- 20.83%
- ROA
- 8.81%
- Debt / equity
- 0.38x
- Dividend yield
- 0.42%
- EBITDA margin
- 13.67%
- 52-week range
- ₹651.05 – ₹883.25
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Jindal Stainless Ltd (JSL) reported revenue of ₹42,955 crore, net profit of ₹3,185 crore and earnings per share of ₹38.74. That compares with revenue of ₹39,312 crore and net profit of ₹2,500 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹11,337 crore and net profit ₹834 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 32,733 | 35,697 | 38,562 | 39,312 | 42,955 |
| Net profit (₹ cr) | 3,109 | 2,084 | 2,693 | 2,500 | 3,185 |
| EPS (₹) | 58.59 | 25.68 | 32.95 | 30.41 | 38.74 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 21.38% | 26.67% | 7.56% | 1.94% |
| Profit growth | - | 77.73% | -0.95% | -7.19% |
| Stock price CAGR | 47% | 43% | 27% | 9% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 62.05% of Jindal Stainless Ltd (JSL) (unchanged from the previous quarter), foreign institutional investors (FII) hold 20.45% and domestic institutional investors (DII) hold 7.35%. Promoters have pledged 0.6% of their holding. Market capitalisation was ₹59,020 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Dec 2003.
Largest disclosed public shareholders in Jun 2026: ELM PAPARK FUND LIMITED 3.86%, ALBULA INVESTMENT FUND LTD 2.59%, Life Insurance Corporation of India 1.77%, ICICI Prudential Midcap Fund 1.2%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 62.05% | 0.6% | 20.45% | 7.35% | 37.92% |
| Mar 2026 | 62.05% | 0.5% | 20.87% | 7.15% | 37.9% |
| Dec 2025 | 61.23% | - | 21.53% | 7.22% | 38.69% |
| Sep 2025 | 61.23% | - | 21.42% | 7.08% | 38.68% |
| Jun 2025 | 61.1% | - | 21.25% | 7.09% | 38.89% |
| Mar 2025 | 60.88% | - | 21.38% | 6.92% | 39.1% |
| Dec 2024 | 60.71% | - | 22.16% | 6.27% | 39.25% |
| Sep 2024 | 60.49% | - | 22.78% | 5.87% | 39.51% |