India's Most Valuable Companies 2022 edition · Source: Hurun India
Rank#458- Valuation
- ₹6,724 Cr
2021 #382
Revenue · FY 2022
₹13,663 Cr
▲ 59% YoY
Net profit · FY 2022
₹1,947.24 Cr
Net margin 14.3%
EBITDA · FY 2022
₹2,272.34 Cr
EBITDA margin 16.6%
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹47.19 Cr
Issued & subscribed
Satisfied charges
₹16,171 Cr
No open charges
Company age
13 yrs
Est. 2013
Employees · EPFO
90
Provident fund records
About Jindal Stainless (Hisar) Limited
Data last updated:
Jindal Stainless (Hisar) Limited was a public limited company based in Hisar, Haryana, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 30 July 2013.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN L27205HR2013PLC049963. Its GSTIN is 06AAFCK5692N1ZW (Haryana). The company held 16 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 31 Mar 2023 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹50 Cr and a paid-up capital of ₹47.19 Cr. It was formerly known as Jindal Stainless (Hisar) Private Limited and Ks Infra Tower and Landmark Private Limited. It was led by directors including Abhyuday Jindal (Managing Director) and Jagmohan Sood (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at O.P. Jindal Marg, Hisar, Haryana, India – 125005.
As per the financials filed for FY 2022, the company reported a revenue of ₹13,663 Cr, a growth of 59% compared to the previous year. For the same year it recorded a net profit of ₹1,947.24 Cr (net margin 14.3%) and EBITDA of ₹2,272.34 Cr (EBITDA margin 16.6%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 12% over five years.
The company had about 90 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 8 subsidiaries.
The company was associated with 1 brand: JSHL. As per MCA filings, the company had satisfied charges of ₹16,171 Cr on record. Court records list 59 cases involving the company, including 29 filed by the company and 30 filed against it; 15 cases are pending. The company has 2 deals on record (1 market trade, 1 acquisition); the latest was in December 2020. Its 8 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 4 smaller; the largest is Tata Steel BSL Limited with revenue of ₹21,510 Cr.
The last known website on record is jshlstainless.com.
Company details
CIN L27205HR2013PLC049963
Registration Number 049963
Incorporation Date 30 July 2013
ROC Delhi
Listing Status Listed - Delisted from BSE on 31 Mar 2023 · merger
Company Status Amalgamated
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
Name history
Jindal Stainless (Hisar) has undergone 2 name changes throughout its history. The company was previously known as Jindal Stainless (Hisar) Private Limited, and Ks Infra Tower And Landmark Private Limited. The current legal name is Jindal Stainless (Hisar) Limited.
| Company Name | Status |
|---|---|
| Jindal Stainless (Hisar) Limited | Current |
| Jindal Stainless (Hisar) Private Limited | Previous |
| Ks Infra Tower And Landmark Private Limited | Previous |
CIN history
Jindal Stainless (Hisar) has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L27205HR2013PLC049963, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27205HR2013PLC049963 | Current |
| U27205HR2013PLC049963 | Previous |
| U27205HR2013PTC049963 | Previous |
Recognitions & Rankings of Jindal Stainless (Hisar)
Contact details
Jindal Stainless (Hisar) Limited's registered office is in Hisar, Haryana. Its website is jshlstainless.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressO.P. Jindal Marg, Hisar, Haryana, India – 125005
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Jindal Stainless (Hisar) Limited, buy the company report.
Comprehensive company report
Jindal Stainless (Hisar) Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Jindal Stainless (Hisar) operates one associated brand: JSHL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Stainless steel products are manufactured and retailed by JSHL. | jshlstainless.com |
Business activity
The main business activity of Jindal Stainless (Hisar) is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Jindal Stainless (Hisar) Limited, buy the company report.
Financials of Jindal Stainless (Hisar) Limited
FY 2022 filings availableJindal Stainless (Hisar) Limited reported revenue of ₹13,663 Cr (up 59% YoY) for FY 2022.
Revenue · FY 2022
₹13,663 Cr ▲ 59%
Net profit · FY 2022
₹1,947.24 Cr margin 14.3%
EBITDA · FY 2022
₹2,272.34 Cr margin 16.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 59%
3 years · compounded
▲ 13%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 78%
3 years · compounded
▲ 25%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 59% growth in the latest year. EBITDA rose 78% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹13,663 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2,272.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1,947.24 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Inventories | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.6% | ||||
| Net Profit Margin | 14.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Jindal Stainless (Hisar) Limited, buy the company report.
Board of directors and KMP of Jindal Stainless (Hisar) Limited
Jindal Stainless (Hisar) Limited currently reports 8 directors and 2 key managerial personnel. 17 former directors have served the organization.
Directors and KMP (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ratan Jindal | Director | 02 Nov 2015 | 10 Years 11 Months | As last reported |
| Rajeev Uberoi Also directs: Jindal Stainless Limited, Shalimar Paints Ltd, Il&Fs Transportation Networks Limited and 5 more | Director | 11 Dec 2020 | 5 Years 10 Months | As last reported |
| Bhartendu Harit Also directs: Jindal Ferrous Limited, Jindal Quanta Limited, Jindal Electrical Steel Private Limited and 5 more | Company Secretary | 03 Nov 2015 | 10 Years 11 Months | As last reported |
| Bhaswati Mukherjee | Director | 03 Nov 2022 | 3 Years 11 Months | As last reported |
| Deepika Jindal Also directs: Jindal Ferrous Limited, Jindal Lifestyle Limited, Everplus Securities & Finance Limited and 1 more | Director | 01 May 2016 | 10 Years 5 Months | As last reported |
| Jagmohan Sood Also directs: Jindal Stainless Limited, Jindal Quanta Limited | Whole-Time Director | 15 May 2018 | 8 Years 5 Months | As last reported |
Showing 6 of 10 current directors and KMP. View all directors and KMP
Peer comparison
Jindal Stainless (Hisar) Limited is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tata Steel BSL Limited | ₹21,510 Cr (FY 2021) | 18.0% | New Delhi, Delhi, India | |||
| Apl Apollo Tubes Limited | ₹20,786 Cr (FY 2025) | 14.0% | Delhi, India | |||
| Rashtriya Ispat Nigam Ltd | ₹18,763 Cr (FY 2025) | -20.0% | Andhra Pradesh, India | |||
| Orissa Metaliks Private Limited | ₹16,536 Cr (FY 2024) | 4.0% | Kolkata, West Bengal, India | |||
| Rungta Mines Limited | ₹14,064 Cr (FY 2024) | 42.0% | Kolkata, West Bengal, India | |||
| Jindal Stainless (Hisar) Limitedthis company | ₹13,663 Cr (FY 2022) | ₹1,947.24 Cr | 14.3% | 59.0% | 90 | Hisar, Haryana, India |
| Posco Maharashtra Steel Private Limited | ₹12,059 Cr (FY 2025) | 5.0% | Mangaon, Maharashtra, India | |||
| Shyam Sel and Power Limited | ₹9,219.22 Cr (FY 2025) | 20.0% | Kolkata, West Bengal, India | |||
| Rashmi Metaliks Limited | ₹8,995.06 Cr (FY 2024) | 19.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Jindal Stainless (Hisar) Limited, buy the company report.
Auditor
Jindal Stainless (Hisar) Limited is audited by Lodha & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lodha & Co. | FY 2022 | 301051E |
Shareholding
The shareholding of Jindal Stainless (Hisar) Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jindal Stainless (Hisar) Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹16,171 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Oct 2015 | 10599482 | Sbicap Trustee Company Limited | ₹16,171 Cr | Satisfied |
To see the full charge records of Jindal Stainless (Hisar) Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Jindal Stainless (Hisar) Limited has 2 deals on record (1 market trade, 1 acquisition); the latest was in December 2020.
Total deals
2
Market trade
1
Acquisition
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2020 | Acquisition | Undisclosed | Buyer: Jindal Stainless Limited |
| Mar 2020 | Market trade | ₹13.59 Cr | Buyer: Albula Investment Fund Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Jindal Stainless (Hisar) Limited has 59 court cases on record: 29 filed by Jindal Stainless (Hisar), 30 filed against it. 15 cases are pending and 44 are disposed.
Total cases
59
Filed by the company
29
Filed against the company
30
Pending
15
Disposed
44
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 32 | 20 | 6 |
| District courts | 17 | 4 | 3 |
| NCLAT | 7 | 5 | 4 |
| Supreme Court | 2 | 0 | 1 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Chandigarh | Court case (Rst.A (IBC)) | Filed against the company by Damani Shipping Pvt. Ltd | Pending |
| High Court, GUJARAT | Court case (SCR.A) | Filed against the company by Shivkrupa Fabricon Ltd. and 7 others | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Singhal Strips Limited | Pending |
| High Court of Delhi | Commercial suit | Filed by the company against Suncity Sheets Private Limited and Anr. & Anr. | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed by the company against Dakshin Haryana Bijli Vitran Nigam Ltd. Through Its Director Vidyut Sadan, Vidyut Nagar, Hisar , District: Hisar ,Hisar , Haryana and 3 others | Pending |
To see the full case history of Jindal Stainless (Hisar) Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Jindal Stainless (Hisar) Limited was last rated by Indiarating on 01 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 01 Feb 2022 |
To see the full credit ratings and regulatory alerts of Jindal Stainless (Hisar) Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Jindal Stainless (Hisar) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Jindal Stainless (Hisar) has 8 subsidiary companies and 2 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
8
Subsidiary companies
2
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Jindal Stainless Steelway Limited | U27109HR2004PLC082454 | |
| J.S.S. Steelitalia Limited | U27310HR2007PLC036578 | |
| Jindal Strategic Systems Limited | U29100HR2020PLC091660 | |
| Jindal Lifestyle Limited | U36109HR2020PLC091638 | |
| Green Delhi BQS Limited | U45400HR2007PLC090164 | |
| JSL Logistics Limited | U63030DL2008PLC180599 |
To see the full group structure of Jindal Stainless (Hisar) Limited, buy the company report.
Employees & EPFO
Jindal Stainless (Hisar) Limited has a workforce of 90 employees on its EPFO records as of Apr 08, 2025, across 2 active EPFO establishments.
Employee count
90
Active EPFO establishments
2
Employee growth
-97.52%
GST
Jindal Stainless (Hisar) has 16 GST registrations: 1 active and 15 cancelled or inactive.
Total GSTINs
16
Active
1
Cancelled / inactive
15
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAFCK5692N1ZW | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jindal Stainless (Hisar) Limited, buy the company report.
Recent activity
Jindal Stainless (Hisar) Limited has 44 board changes on record since 2013: 27 appointments and 17 cessations. The latest: Bhaswati Mukherjee was appointed as Director on 03 Nov 2022.
Appointed
Bhaswati Mukherjee was appointed as Director.
AGM
Jindal Stainless (Hisar) Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Ceased
Nirmal Chandra Mathur ceased to be Director.
Ceased
Girish Sharma ceased to be Director.
Appointed
Jayaram Easwaran was appointed as Director.
Filing
Jindal Stainless (Hisar) Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Delhi.
Appointed
Rajeev Uberoi was appointed as Director.
Ceased
Kanwaljit Singh Thind ceased to be Director.
Ceased
Ajay Goyal ceased to be CFO.
Appointed
Ramnik Gupta was appointed as CFO.
Appointed
Ajay Goyal was appointed as CFO.
Ceased
Arunendra Kumar ceased to be Director.
37 earlier events are in the company report.
News
Frequently asked questions
Jindal Stainless (Hisar) has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Jindal Stainless (Hisar) was a public limited company based in Hisar, Haryana, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 30 July 2013 and is registered under CIN L27205HR2013PLC049963. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Jindal Stainless (Hisar) was incorporated on 30 July 2013. It is registered with the Registrar of Companies, Delhi.
Jindal Stainless (Hisar) had 10 directors and KMP:
- Abhyuday Jindal - Managing Director
- Jagmohan Sood - Whole-Time Director
- Ratan Jindal - Director
- Rajeev Uberoi - Director
- Bhaswati Mukherjee - Director
- Deepika Jindal - Director
- Arti Luniya - Director
- Jayaram Easwaran - Director
- Bhartendu Harit - Company Secretary
- Ramnik Gupta - Cfo
The CIN (Corporate Identification Number) of Jindal Stainless (Hisar) is L27205HR2013PLC049963. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jindal Stainless (Hisar) is recorded as a listed company by MCA, but its shares were delisted from BSE on 31 Mar 2023 · merger, and no longer trade on a stock exchange.
The registered office of Jindal Stainless (Hisar) is at O.P. Jindal Marg, Hisar, Haryana, India – 125005.
Jindal Stainless (Hisar) can be reached through the website jshlstainless.com. Its registered office is in Hisar, Haryana, India.
The latest financial statements of Jindal Stainless (Hisar) on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Jindal Stainless (Hisar) is 06AAFCK5692N1ZW, registered in Haryana. The company has 16 GST registrations in all, of which 1 is active and 15 are cancelled or inactive.
Jindal Stainless (Hisar) operated in the metals and minerals industry, in the steel manufacturing and processing segment.