Fortune India 500 2025 edition
Rank#76- Total income
- ₹40,543 Cr
- Profit
- ₹2,505 Cr
Last year #69
Jindal Stainless Limited - metals and minerals in Hisar, Haryana, India. FY 2026 financials & compliance.
Active Listed - NSE: JSL · BSE: 532508 Public Limited Company metals and minerals Fortune India 500 · #76 India's Most Valuable · #111 Nifty 500
Market Cap
₹60,492 Cr
JSL · NSE
Share Price
₹709.65
-3.28% today
Revenue
₹42,955 Cr
FY 2025-26 · +9.3% YoY
EBITDA
₹5,424 Cr
Margin 12.6%
Net Profit
₹3,234 Cr
FY 2025-26 · +29.0% YoY
P/E (TTM)
18.4x
P/B 3.1x
ROE
17.5%
ROCE 18.8%
Debt / Equity
0.38
Interest cover 13.0x
About Jindal Stainless Limited
Data last updated:
Jindal Stainless Limited is a public limited company based in Hisar, Haryana, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 29 September 1980 and has been in existence for over 46 years.
Jindal Stainless is ranked #76 on the Fortune India 500 (2025) and #111 among India's most valuable companies (2025). It is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN L26922HR1980PLC010901. Its GSTIN is 06AABCJ1969M1Z7 (Haryana). The company holds 17 GST registrations, of which 10 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532508 and NSE: JSL.
The company has an authorised share capital of ₹243 Cr and a paid-up capital of ₹164.88 Cr. It was formerly known as Jsl Stainless Limited and Jindal Ceramics Limited. It is led by directors including Ratan Jindal (Managing Director) and Abhyuday Jindal (Managing Director).
Its last annual general meeting (AGM) was held on 03 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at O.P. Jindal Marg, Hisar, Haryana, India – 125005.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹42,955 Cr, a growth of 9.3% compared to the previous year. For the same year it recorded a net profit of ₹3,234.41 Cr (net margin 7.5%) and EBITDA of ₹5,423.68 Cr (EBITDA margin 12.6%). The net worth stands at ₹19,791 Cr (up 18.6% YoY). Total assets are valued at ₹27,791 Cr (up 17.7% YoY).
The company has about 2,604 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Jindal Stainless. As per MCA filings, the company has open charges of ₹27,496 Cr and satisfied charges of ₹40,723 Cr on record. Court records list 231 cases involving the company, including 167 filed by the company and 64 filed against it; 54 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jindalstainless.com.
Company details
CIN L26922HR1980PLC010901
Registration Number 010901
Incorporation Date 29 September 1980
ROC Haryana
Listing Status Listed - Listed on NSE (JSL); Listed on BSE (532508)
Company Status Active
Date of Last AGM 03 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Name history
Jindal Stainless has undergone 4 name changes throughout its history. The current legal name is Jindal Stainless Limited.
| Company Name | Status |
|---|---|
| Jindal Stainless Limited | Current |
| Jsl Stainless Limited | Previous |
| Jindal Ceramics Limited | Previous |
| Jsl Limited | Previous |
| Jindal Int.Com Limited | Previous |
Key People
Ratan Jindal Managing Director Abhyuday Jindal Managing Director Tarun Kumar Khulbe Whole-Time Director Recognitions & Rankings of Jindal Stainless
India's Most Valuable Companies 2025 edition · Source: Hurun India
Rank#111- Valuation
- ₹63,270 Cr
2024 #111 2023 #122 2022 #424
Stock market indices
Nifty 500 BSE 500
Contact details
Jindal Stainless Limited's registered office is in Hisar, Haryana. Its website is jindalstainless.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressO.P. Jindal Marg, Hisar, Haryana, India – 125005
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Jindal Stainless Limited, buy the company report.
Comprehensive company report
Jindal Stainless 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Jindal Stainless operates one associated brand: Jindal Stainless. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer and distributor recyclability of stainless steel products | jindalstainless.com |
Business activity
The main business activity of Jindal Stainless 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 Limited, buy the company report.
Financials of Jindal Stainless Limited
FY 2025-26 filings availableJindal Stainless Limited reported revenue of ₹42,955 Cr (up 9.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹42,955 Cr
+9.3% YoY
EBITDA
₹5,424 Cr
+21.6% YoY
Profit After Tax
₹3,234 Cr
+29.0% YoY
Net Worth
₹19,791 Cr
+18.6% YoY
Total Assets
₹27,791 Cr
+17.7% YoY
Total Debt
₹7,460 Cr
+16.5% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 42,955 | 39,312 | 38,562 | 35,697 | 32,733 | 12,188 | 12,951 |
| Revenue growth | +9.3% | +1.9% | +8.0% | +9.1% | +168.6% | -5.9% | - |
| EBITDA | 5,424 | 4,462 | 4,511 | 3,586 | 5,090 | 1,413 | 1,089 |
| EBITDA margin | +12.6% | +11.4% | +11.7% | +10.1% | +15.6% | +11.6% | +8.4% |
| Profit before tax | 4,242 | 3,339 | 3,592 | 2,774 | 4,159 | 690 | 165 |
| Net profit | 3,234 | 2,507 | 2,633 | 2,113 | 3,078 | 357 | 68.86 |
| Net profit margin | +7.5% | +6.4% | +6.8% | +5.9% | +9.4% | +2.9% | +0.5% |
| EPS (₹) | 38.76 | 30.42 | 32.95 | 25.68 | 58.59 | 8.60 | 1.46 |
| Balance sheet | |||||||
| Total assets | 27,791 | 23,604 | 20,932 | 16,425 | 14,330 | 6,785 | 7,076 |
| Net worth | 19,791 | 16,688 | 14,358 | 11,931 | 9,823 | 3,205 | 2,717 |
| Total debt | 7,460 | 6,402 | 6,052 | 3,958 | 4,007 | 3,230 | 3,903 |
| Cash & bank | 2,934 | 2,270 | 1,988 | 931 | 256 | 116 | 68.66 |
| Net working capital | 5,942 | 5,540 | 5,794 | 4,982 | 4,561 | 629 | 413 |
| Cash flow | |||||||
| Cash from operations | 3,395 | 4,718 | 4,818 | 3,096 | 1,083 | 1,308 | 1,180 |
| Cash from investing | (3,500) | (3,433) | (3,229) | (2,480) | (783) | (152) | (186) |
| Cash from financing | (112) | (1,882) | (829) | (386) | (163) | (1,119) | (991) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11,279 | 11,337 | 10,518 | 10,893 | 10,207 | 10,198 | 9,907 | 9,777 |
| Revenue growth (YoY) | +10.5% | +11.2% | +6.2% | +11.4% | +8.2% | - | - | - |
| Other income | 153 | 130 | 107 | 107 | 68.87 | 93.95 | 99.11 | 47.27 |
| EBITDA | 1,329 | 1,409 | 1,378 | 1,374 | 1,296 | 1,026 | 1,193 | 1,186 |
| EBITDA margin | +11.8% | +12.4% | +13.1% | +12.6% | +12.7% | +10.1% | +12.0% | +12.1% |
| Depreciation | 302 | 278 | 269 | 262 | 252 | 241 | 242 | 241 |
| Interest | 146 | 149 | 134 | 141 | 144 | 150 | 161 | 159 |
| Profit before tax | 1,034 | 1,112 | 1,082 | 1,078 | 969 | 729 | 890 | 834 |
| Tax | 265 | 278 | 254 | 270 | 254 | 139 | 236 | 225 |
| Net profit | 769 | 834 | 828 | 808 | 715 | 590 | 654 | 609 |
| EPS (₹) | 9.32 | 10.22 | 10.06 | 9.78 | 8.66 | 7.17 | 7.95 | 7.42 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 42,680 | 40,182 | 38,356 | 35,030 | 32,292 | 11,679 | 12,320 |
| Revenue growth | +6.2% | +4.8% | +9.5% | +8.5% | +176.5% | -5.2% | - |
| EBITDA | 4,236 | 3,738 | 3,846 | 3,567 | 4,720 | 1,384 | 1,133 |
| EBITDA margin | +9.9% | +9.3% | +10.0% | +10.2% | +14.6% | +11.9% | +9.2% |
| Profit before tax | 3,737 | 3,519 | 3,328 | 2,704 | 3,767 | 700 | 244 |
| Net profit | 2,645 | 2,520 | 2,505 | 2,013 | 2,790 | 367 | 148 |
| Net profit margin | +6.2% | +6.3% | +6.5% | +5.8% | +8.6% | +3.1% | +1.2% |
| EPS (₹) | 34.50 | 32.92 | 30.73 | 24.46 | 53.09 | 8.78 | 3.14 |
| Balance sheet | |||||||
| Total assets | 23,895 | 21,119 | 18,076 | 15,502 | 13,344 | 6,453 | 6,748 |
| Net worth | 18,867 | 16,197 | 13,700 | 11,457 | 9,446 | 3,153 | 2,657 |
| Total debt | 4,599 | 4,444 | 3,886 | 3,562 | 3,479 | 2,899 | 3,655 |
| Cash & bank | 2,377 | 1,857 | 1,378 | 898 | 220 | 89.20 | 44.38 |
| Net working capital | 4,376 | 4,166 | 4,527 | 4,488 | 3,802 | 488 | 307 |
| Cash flow | |||||||
| Cash from operations | 3,442 | 4,229 | 3,683 | 2,834 | 1,111 | 1,295 | 1,123 |
| Cash from investing | (3,226) | (4,505) | (2,831) | (2,367) | (923) | (154) | (162) |
| Cash from financing | (511) | (152) | (363) | (225) | (37.66) | (1,107) | (951) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10,677 | 10,826 | 10,632 | 10,881 | 10,341 | 10,786 | 10,066 | 9,746 |
| Revenue growth (YoY) | +3.3% | +0.4% | +5.6% | +11.7% | +7.9% | - | - | - |
| Other income | 124 | 307 | 106 | 98.74 | 103 | 511 | 137 | 82.43 |
| Total expenses | 9,648 | 9,715 | 9,554 | 9,821 | 9,293 | 9,895 | 9,062 | 8,739 |
| EBITDA | 1,028 | 1,111 | 1,078 | 1,060 | 1,048 | 890 | 1,003 | 1,007 |
| EBITDA margin | +9.6% | +10.3% | +10.1% | +9.7% | +10.1% | +8.3% | +10.0% | +10.3% |
| Depreciation | 233 | 208 | 200 | 196 | 189 | 186 | 189 | 180 |
| Interest | 104 | 94.41 | 91.98 | 95.77 | 99.68 | 109 | 120 | 116 |
| Profit before tax | 815 | 1,115 | 891 | 867 | 863 | 1,107 | 832 | 793 |
| Tax | 209 | 224 | 226 | 223 | 221 | 182 | 213 | 204 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11,279 | 11,337 | 10,518 | 10,893 | 10,207 | 10,198 | 9,907 | 9,777 |
| Revenue growth (YoY) | +10.5% | +11.2% | +6.2% | +11.4% | +8.2% | - | - | - |
| Other income | 153 | 130 | 107 | 107 | 68.87 | 93.95 | 99.11 | 47.27 |
| EBITDA | 1,329 | 1,409 | 1,378 | 1,374 | 1,296 | 1,026 | 1,193 | 1,186 |
| EBITDA margin | +11.8% | +12.4% | +13.1% | +12.6% | +12.7% | +10.1% | +12.0% | +12.1% |
| Depreciation | 302 | 278 | 269 | 262 | 252 | 241 | 242 | 241 |
| Interest | 146 | 149 | 134 | 141 | 144 | 150 | 161 | 159 |
| Profit before tax | 1,034 | 1,112 | 1,082 | 1,078 | 969 | 729 | 890 | 834 |
| Tax | 265 | 278 | 254 | 270 | 254 | 139 | 236 | 225 |
| Net profit | 769 | 834 | 828 | 808 | 715 | 590 | 654 | 609 |
| EPS (₹) | 9.32 | 10.22 | 10.06 | 9.78 | 8.66 | 7.17 | 7.95 | 7.42 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 42,955 | 39,312 | 38,562 | 35,697 | 32,733 | 12,188 | 12,951 |
| Revenue growth | +9.3% | +1.9% | +8.0% | +9.1% | +168.6% | -5.9% | - |
| Other income | 447 | 445 | 515 | 236 | 171 | 160 | 86.46 |
| Total expenses | 37,531 | 34,851 | 34,052 | 32,111 | 27,642 | 10,776 | 11,861 |
| Employee cost | 989 | 856 | 643 | 539 | 554 | 178 | 205 |
| EBITDA | 5,424 | 4,462 | 4,511 | 3,586 | 5,090 | 1,413 | 1,089 |
| EBITDA margin | +12.6% | +11.4% | +11.7% | +10.1% | +15.6% | +11.6% | +8.4% |
| Depreciation | 1,060 | 956 | 879 | 724 | 759 | 403 | 425 |
| Interest | 568 | 612 | 554 | 325 | 344 | 480 | 586 |
| Profit before tax | 4,242 | 3,339 | 3,592 | 2,774 | 4,159 | 690 | 165 |
| Tax | 1,058 | 839 | 899 | 690 | 1,050 | 270 | 92.64 |
| Net profit | 3,234 | 2,507 | 2,633 | 2,113 | 3,078 | 357 | 68.86 |
| Net profit margin | +7.5% | +6.4% | +6.8% | +5.9% | +9.4% | +2.9% | +0.5% |
| EPS (₹) | 38.76 | 30.42 | 32.95 | 25.68 | 58.59 | 8.60 | 1.46 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 165 | 165 | 165 | 165 | 105 | 97.45 | 97.45 |
| Reserves & surplus | 19,552 | 16,490 | 14,193 | 11,766 | 6,792 | 3,054 | 2,620 |
| Shareholders' funds (net worth) | 19,791 | 16,688 | 14,358 | 11,931 | 9,823 | 3,205 | 2,717 |
| Minority interest | 90.89 | 20.27 | 16.63 | 36.39 | 67.04 | 13.25 | 13.02 |
| Secured loans | 6,208 | 6,214 | 5,742 | 3,354 | 3,216 | 1,996 | 3,456 |
| Unsecured loans | 1,253 | 188 | 310 | 604 | 791 | 1,233 | 447 |
| Total debt | 7,460 | 6,402 | 6,052 | 3,958 | 4,007 | 3,230 | 3,903 |
| Total liabilities | 27,791 | 23,604 | 20,932 | 16,425 | 14,330 | 6,785 | 7,076 |
| Assets | |||||||
| Gross block | 24,912 | 20,455 | 18,008 | 14,240 | 12,193 | 8,172 | 8,129 |
| Net block | 18,217 | 14,800 | 13,254 | 9,961 | 8,646 | 5,855 | 6,181 |
| Capital work in progress | 1,806 | 1,783 | 1,112 | 773 | 525 | 58.23 | 14.98 |
| Investments | 1,547 | 1,646 | 1,246 | 970 | 626 | 456 | 449 |
| Inventories | 9,508 | 9,700 | 7,932 | 8,394 | 6,785 | 2,789 | 2,739 |
| Sundry debtors | 3,086 | 3,107 | 2,837 | 3,658 | 3,860 | 934 | 705 |
| Cash & bank balances | 2,934 | 2,270 | 1,988 | 931 | 256 | 116 | 68.66 |
| Loans & advances | 1,972 | 1,717 | 1,682 | 1,828 | 1,023 | 279 | 311 |
| Total current assets | 17,499 | 16,794 | 14,438 | 14,811 | 11,924 | 4,118 | 3,824 |
| Total current liabilities | 11,557 | 11,253 | 8,644 | 9,829 | 7,364 | 3,489 | 3,411 |
| Net working capital | 5,942 | 5,540 | 5,794 | 4,982 | 4,561 | 629 | 413 |
| Total assets | 27,791 | 23,604 | 20,932 | 16,425 | 14,330 | 6,785 | 7,076 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 633 | 1,230 | 470 | 241 | 77.37 | 40.21 | 36.33 |
| Net cash from operating activities | 3,395 | 4,718 | 4,818 | 3,096 | 1,083 | 1,308 | 1,180 |
| Net cash from investing activities | (3,500) | (3,433) | (3,229) | (2,480) | (783) | (152) | (186) |
| Net cash from financing activities | (112) | (1,882) | (829) | (386) | (163) | (1,119) | (991) |
| Net change in cash | (217) | (597) | 760 | 229 | 137 | 37.16 | 3.88 |
| Closing cash | 2,934 | 2,270 | 1,988 | 931 | 256 | 116 | 68.66 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9.3% | +1.9% | +8.0% | +9.1% | +168.6% | -5.9% | - |
| EBITDA growth | +21.6% | -1.1% | +25.8% | -29.6% | +260.4% | +29.7% | - |
| PBT growth | +27.1% | -7.1% | +29.5% | -33.3% | +503.1% | +317.3% | -25.5% |
| Net income growth | +29.0% | -4.8% | +24.6% | -31.4% | +763.1% | +418.0% | - |
| Revenue CAGR (3Y) | +6.4% | +6.3% | +46.8% | +40.2% | +34.2% | +1.6% | +11.8% |
| EBITDA CAGR (3Y) | +14.8% | -4.3% | +47.3% | +48.8% | +65.9% | +2.7% | -2.0% |
| Profitability & leverage | |||||||
| Net income margin | +7.4% | +6.4% | +7.0% | +5.8% | +9.5% | +3.4% | +0.6% |
| Return on capital employed | +18.8% | +17.8% | +22.2% | +20.2% | +36.3% | +15.4% | +10.5% |
| Return on net worth | +17.5% | +16.1% | +20.5% | +19.2% | +45.5% | +12.1% | +2.8% |
| Debt / equity | 0.38 | 0.40 | 0.38 | 0.37 | 0.77 | 1.20 | 1.28 |
| Long-term debt / equity | 0.28 | 0.33 | 0.31 | 0.25 | 0.37 | 0.67 | 0.66 |
| Interest cover | 13.02 | 17.45 | 15.26 | 11.34 | 7.93 | 47.55 | 88.14 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.89 | 2.04 | 2.39 | 2.70 | 2.59 | 1.50 | 1.63 |
| Inventory turnover | 4.47 | 4.46 | 4.72 | 4.70 | 6.09 | 4.41 | 5.03 |
| Debtors turnover | 13.87 | 13.23 | 11.88 | 9.50 | 12.53 | 14.87 | 15.94 |
| EPS (₹) | 38.76 | 30.42 | 32.95 | 25.68 | 58.59 | 8.60 | 1.46 |
| Dividend per share (₹) | 4.00 | 3.00 | 3.00 | 2.50 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 239.30 | 202.20 | 174.36 | 144.89 | 131.25 | 64.68 | 55.77 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10,677 | 10,826 | 10,632 | 10,881 | 10,341 | 10,786 | 10,066 | 9,746 |
| Revenue growth (YoY) | +3.3% | +0.4% | +5.6% | +11.7% | +7.9% | - | - | - |
| Other income | 124 | 307 | 106 | 98.74 | 103 | 511 | 137 | 82.43 |
| Total expenses | 9,648 | 9,715 | 9,554 | 9,821 | 9,293 | 9,895 | 9,062 | 8,739 |
| EBITDA | 1,028 | 1,111 | 1,078 | 1,060 | 1,048 | 890 | 1,003 | 1,007 |
| EBITDA margin | +9.6% | +10.3% | +10.1% | +9.7% | +10.1% | +8.3% | +10.0% | +10.3% |
| Depreciation | 233 | 208 | 200 | 196 | 189 | 186 | 189 | 180 |
| Interest | 104 | 94.41 | 91.98 | 95.77 | 99.68 | 109 | 120 | 116 |
| Profit before tax | 815 | 1,115 | 891 | 867 | 863 | 1,107 | 832 | 793 |
| Tax | 209 | 224 | 226 | 223 | 221 | 182 | 213 | 204 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 42,680 | 40,182 | 38,356 | 35,030 | 32,292 | 11,679 | 12,320 |
| Revenue growth | +6.2% | +4.8% | +9.5% | +8.5% | +176.5% | -5.2% | - |
| Other income | 675 | 958 | 591 | 106 | 63.66 | 153 | 87.42 |
| Total expenses | 38,445 | 36,444 | 34,510 | 31,463 | 27,572 | 10,295 | 11,187 |
| Employee cost | 824 | 728 | 541 | 464 | 479 | 149 | 148 |
| EBITDA | 4,236 | 3,738 | 3,846 | 3,567 | 4,720 | 1,384 | 1,133 |
| EBITDA margin | +9.9% | +9.3% | +10.0% | +10.2% | +14.6% | +11.9% | +9.2% |
| Depreciation | 793 | 735 | 715 | 675 | 704 | 373 | 409 |
| Interest | 382 | 442 | 393 | 295 | 312 | 464 | 567 |
| Profit before tax | 3,737 | 3,519 | 3,328 | 2,704 | 3,767 | 700 | 244 |
| Tax | 894 | 808 | 797 | 690 | 977 | 272 | 91.48 |
| Net profit | 2,645 | 2,520 | 2,505 | 2,013 | 2,790 | 367 | 148 |
| Net profit margin | +6.2% | +6.3% | +6.5% | +5.8% | +8.6% | +3.1% | +1.2% |
| EPS (₹) | 34.50 | 32.92 | 30.73 | 24.46 | 53.09 | 8.78 | 3.14 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 165 | 165 | 165 | 165 | 105 | 97.45 | 97.45 |
| Reserves & surplus | 18,683 | 16,032 | 13,535 | 11,292 | 6,415 | 3,002 | 2,560 |
| Shareholders' funds (net worth) | 18,867 | 16,197 | 13,700 | 11,457 | 9,446 | 3,153 | 2,657 |
| Secured loans | 4,087 | 4,067 | 3,697 | 3,390 | 2,954 | 1,849 | 2,755 |
| Unsecured loans | 512 | 377 | 189 | 172 | 525 | 1,050 | 900 |
| Total debt | 4,599 | 4,444 | 3,886 | 3,562 | 3,479 | 2,899 | 3,655 |
| Total liabilities | 23,895 | 21,119 | 18,076 | 15,502 | 13,344 | 6,453 | 6,748 |
| Assets | |||||||
| Gross block | 16,673 | 14,522 | 13,883 | 13,113 | 11,159 | 7,639 | 7,577 |
| Net block | 10,904 | 9,488 | 9,542 | 9,455 | 8,160 | 5,679 | 5,969 |
| Capital work in progress | 1,407 | 1,621 | 957 | 520 | 502 | 54.72 | 11.53 |
| Investments | 5,324 | 3,430 | 2,804 | 1,172 | 937 | 491 | 489 |
| Inventories | 7,906 | 8,513 | 7,440 | 7,719 | 5,888 | 2,467 | 2,330 |
| Sundry debtors | 3,276 | 3,866 | 2,997 | 3,814 | 3,875 | 982 | 779 |
| Cash & bank balances | 2,377 | 1,857 | 1,378 | 898 | 220 | 89.20 | 44.38 |
| Loans & advances | 898 | 843 | 1,196 | 1,736 | 898 | 271 | 295 |
| Total current assets | 14,457 | 15,080 | 13,012 | 14,167 | 10,881 | 3,809 | 3,449 |
| Total current liabilities | 10,081 | 10,914 | 8,485 | 9,679 | 7,079 | 3,321 | 3,142 |
| Net working capital | 4,376 | 4,166 | 4,527 | 4,488 | 3,802 | 488 | 307 |
| Total assets | 23,895 | 21,119 | 18,076 | 15,502 | 13,344 | 6,453 | 6,748 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 514 | 942 | 452 | 210 | 58.97 | 15.93 | 5.89 |
| Net cash from operating activities | 3,442 | 4,229 | 3,683 | 2,834 | 1,111 | 1,295 | 1,123 |
| Net cash from investing activities | (3,226) | (4,505) | (2,831) | (2,367) | (923) | (154) | (162) |
| Net cash from financing activities | (511) | (152) | (363) | (225) | (37.66) | (1,107) | (951) |
| Net change in cash | (295) | (428) | 490 | 242 | 151 | 34.32 | 10.04 |
| Closing cash | 2,377 | 1,857 | 1,378 | 898 | 220 | 89.20 | 44.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +6.2% | +4.8% | +9.5% | +8.5% | +176.5% | -5.2% | - |
| EBITDA growth | +13.3% | -2.8% | +7.8% | -24.4% | +240.9% | +22.2% | - |
| PBT growth | +6.2% | +5.8% | +23.1% | -28.2% | +437.9% | +186.6% | +10.7% |
| Net income growth | +5.0% | +0.6% | +24.4% | -27.9% | +660.4% | +148.5% | - |
| Revenue CAGR (3Y) | +6.8% | +7.6% | +48.6% | +41.7% | +36.9% | +2.7% | +14.0% |
| EBITDA CAGR (3Y) | +5.9% | -7.5% | +40.6% | +46.6% | +63.2% | +3.6% | +1.0% |
| Profitability & leverage | |||||||
| Net income margin | +6.7% | +6.8% | +6.6% | +5.8% | +8.6% | +3.7% | +1.2% |
| Return on capital employed | +18.3% | +20.2% | +22.2% | +20.8% | +41.2% | +16.1% | +11.8% |
| Return on net worth | +16.2% | +18.1% | +20.1% | +19.3% | +44.3% | +12.6% | +6.0% |
| Debt / equity | 0.26 | 0.28 | 0.30 | 0.34 | 0.51 | 1.13 | 1.21 |
| Long-term debt / equity | 0.14 | 0.18 | 0.23 | 0.26 | 0.33 | 0.57 | 0.58 |
| Interest cover | 11.09 | 14.71 | 12.57 | 10.20 | 7.77 | 45.87 | 78.32 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.74 | 2.83 | 2.84 | 2.89 | 3.44 | 1.54 | 1.65 |
| Inventory turnover | 5.20 | 5.04 | 5.06 | 5.15 | 7.73 | 4.87 | 5.63 |
| Debtors turnover | 11.95 | 11.71 | 11.26 | 9.11 | 13.30 | 13.26 | 15.19 |
| EPS (₹) | 34.50 | 32.92 | 30.73 | 24.46 | 53.09 | 8.78 | 3.14 |
| Dividend per share (₹) | 4.00 | 3.00 | 3.00 | 2.50 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 228.75 | 196.65 | 166.37 | 139.13 | 124.08 | 63.60 | 54.54 |
To see the full year-wise statements and ratios of Jindal Stainless Limited, buy the company report.
Board of directors of Jindal Stainless Limited
Jindal Stainless has 8 current directors and 38 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ratan Jindal | Managing Director | 23 Jul 2003 | 23 Years 2 Months | Current |
| Tarun Kumar Khulbe | Whole-Time Director | 27 Sep 2018 | 8 Years 0 Months | Current |
| Abhyuday Jindal Also directs: Jindal Defence Trading Private Limited | Managing Director | 09 Aug 2017 | 9 Years 2 Months | Current |
| Rajeev Uberoi Also directs: Shalimar Paints Ltd, Il&Fs Transportation Networks Limited, The Investment Trust of India Limited and 5 more | Director | 02 Nov 2022 | 3 Years 11 Months | Current |
| Shruti Shrivastava Also directs: Jindal Coke Limited, Jindal United Steel Limited, Jindal Stainless Steelway Limited and 2 more | Director | 23 Jan 2023 | 3 Years 8 Months | Current |
| Aarti Gupta Also directs: Anikarth Ventures LLP, 100Percent Nourishment Private Limited, Aga Publications Limited and 5 more | Director | 12 Jul 2023 | 3 Years 3 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Jindal Stainless Limited is compared with the 10 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 Limited | ₹2,20,083 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| JSW Steel Limited | ₹1,69,518 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India | |||
| Steel Authority of India Limited | ₹1,03,354 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India | |||
| Arcelormittal Nippon Steel India Private Limited | ₹54,613 Cr (FY 2025) | -11.0% | Surat, Gujarat, India | |||
| Jindal Steel Limited | ₹49,932 Cr (FY 2025) | 0.0% | Hisar, Haryana, India | |||
| Jindal Stainless Limitedthis company | ₹42,955 Cr (FY 2026) | ₹3,234.41 Cr | 7.5% | 9.3% | 2,604 | Hisar, Haryana, India |
| JSW Steel Coated Products Limited | ₹34,517 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Bhushan Power & Steel Limited | ₹21,680 Cr (FY 2025) | -1.0% | New Delhi, Delhi, India | |||
| 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 |
To see the full peer comparison of Jindal Stainless Limited, buy the company report.
Auditor
Jindal Stainless Limited is audited by Lodha & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lodha & Co. | FY 2023 | 301051E |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 62.00%, foreign institutional investors hold 20.40%, domestic institutional investors hold 7.40% and retail and other public shareholders hold 10.20%.
Sep 2026
QUARTER
62.00% Promoters
7.40% DII (Domestic Institutional)
20.40% FII (Foreign Institutional)
10.20% Retail & Others
Promoter holding - history
Now 62.00% · Sep 2026High 62.00% · Jun 2026Low 61.20% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 62.00% | 62.00% | 61.20% | 61.20% |
| Public | 38.00% | 38.00% | 38.80% | 38.80% |
Charges & borrowings
Open charges
₹27,496 Cr
Satisfied charges
₹40,723 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2026 | 101277645 | State Bank of India | ₹1,500 Cr | Open | |
| 26 Mar 2026 | 101277652 | State Bank of India | ₹200 Cr | Open | |
| 08 Oct 2025 | 101177036 | Others | ₹350 Cr | Open | |
| 19 Jul 2024 | 100953197 | Sbicap Trustee Company Limited | ₹380 Cr | Open | |
| 28 Jun 2024 | 100954922 | Others | ₹99 Cr | Open |
To see the full charge records of Jindal Stainless Limited, buy the company report.
Total charge records: 156 View all charges
Legal cases
Jindal Stainless Limited has 231 court cases on record: 167 filed by Jindal Stainless, 64 filed against it. 54 cases are pending and 177 are disposed.
Total cases
231
Filed by the company
167
Filed against the company
64
Pending
54
Disposed
177
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 110 | 33 | 30 |
| High courts | 102 | 26 | 24 |
| Supreme Court | 7 | 1 | 0 |
| NCLT | 6 | 1 | 0 |
| NCLAT | 6 | 3 | 0 |
Cases on record (5 of 231)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against Mohan Rail Components Private Limited and 3 others | Pending |
| District court, Jajpur, Odisha | Court case (1c.c.) | Filed by the company against Vikas Stainless Steel India Pvt. Ltd. and 2 Others | Pending |
| District court, Khurda, Orissa | Arbitration matter | Filed against the company by Gammon India Limited | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against The Eastern Power Distribution Company of Andhra Pradesh Limited (Apepdcl) and 3 others | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Mr. Shailendra Ajmera Resolution Professional of Mittal Corp Limited & Anr. and 1 other | Disposed |
To see the full case history of Jindal Stainless 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 Limited was last rated by Care on 09 Oct 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 09 Oct 2025 |
To see the full credit ratings and regulatory alerts of Jindal Stainless Limited, buy the company report.
MSME payment delays
Jindal Stainless Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 808 overdue payments to 216 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 216)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Hudei Metals Private Limited | |||
| Indian Roller Industries Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Jindal Stainless Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Jindal Stainless has 2 subsidiary companies and 3 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
2
Subsidiary companies
3
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| JSL Ferrous Limited | U27200HR2019PLC083764 | |
| Jindal Stainless Park Limited | U45202OR2019PLC030345 |
To see the full group structure of Jindal Stainless Limited, buy the company report.
Employees & EPFO
Jindal Stainless Limited has a workforce of 2,604 employees on its EPFO records as of Sep 30, 2024, across 2 active EPFO establishments.
Employee count
2,604
Active EPFO establishments
2
Employee growth
20.06%
GST
Jindal Stainless has 17 GST registrations: 10 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
17
Active
10
Cancelled / inactive
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCJ1969M1Z7 | Haryana | Active | 01 Jul 2017 |
| 07AABCJ1969M2Z4 | Delhi | Active | 01 Jul 2017 |
| 19AABCJ1969M1Z0 | West Bengal | Active | 01 Jul 2017 |
| 21AABCJ1969M1ZF | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jindal Stainless Limited, buy the company report.
Recent activity
Jindal Stainless Limited has 83 board changes on record since 2003: 46 appointments and 37 cessations. The latest: Arti Luniya ceased to be Director on 26 Nov 2025.
Charges
A charge registered on 04 Jul 2022 via Charge ID 100598490 with Sbicap Trustee Company Limited was fully satisfied on 29 May 2026.
Filing
Jindal Stainless Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Haryana.
Charges
A charge with State Bank Of India amounted to Rs. 1,500.00 Cr with Charge ID 101277645 was registered on 26 Mar 2026.
Charges
A charge with State Bank Of India amounted to Rs. 200.00 Cr with Charge ID 101277652 was registered on 26 Mar 2026.
Charges
A charge registered on 30 Mar 2016 via Charge ID 100020156 with Sbicap Trustee Company Limited was fully satisfied on 13 Mar 2026.
Charges
A charge registered on 25 Sep 2024 via Charge ID 100991365 with Others was fully satisfied on 09 Jan 2026.
Ceased
Arti Luniya ceased to be Director.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 12,500.00 Cr registered on 30 Dec 2008 with Charge ID 10140228 was modified on 21 Nov 2025.
Charges
A charge with Others amounted to Rs. 350.00 Cr with Charge ID 101177036 was registered on 08 Oct 2025.
Charges
A charge registered on 15 Oct 2024 via Charge ID 100998654 with Others was fully satisfied on 30 Sep 2025.
AGM
Jindal Stainless Limited last Annual general meeting of members was held on 03 Sep 2025 as per latest MCA records.
Charges
A charge registered on 17 Apr 2024 via Charge ID 100907947 with Yes Bank Limited was fully satisfied on 01 Sep 2025.
476 earlier events are in the company report.
News
Jindal Stainless: Company's Executive Lowers FY27 Sales Volume Growth Forecast to 4-6% From Previous 7-9%.
JSL: Q2 CONS NET PROFIT 9B RUPEES VS 8.07B (YOY); EST 8.48B
JSL: Q2 REVENUE 129B RUPEES VS 108.93B (YOY); EST 129.35B
JSL: Q2 EBITDA 14.3B RUPEES VS 13.87B (YOY), EST 14.69B; Q2 EBITDA MARGIN 11.13% VS 13.87B% (YOY), EST 11.4%
Jindal Stainless: Company Buys 40% Share In Oyster Green Hybrid Four For ₹1.25 Crore For 24 MW Hybrid Renewable Initiative.
Jindal Stainless: Company Introduces Electric Trucks, Boosts Green Mobility Efforts, With Program Including Electric, LNG, and CNG Vehicles Expected to Cut CO₂ Emissions by 71 Tonnes Monthly Compared to Diesel.
Frequently asked questions
Jindal Stainless is an active public limited company based in Hisar, Haryana, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 29 September 1980 (46+ years old) and is registered under CIN L26922HR1980PLC010901. Listed on BSE: 532508 and NSE: JSL.
Jindal Stainless reported revenue of ₹42,955 Cr for FY 2025-26 (up 9.3% YoY) based on consolidated financials.
Jindal Stainless has 8 current directors:
- Ratan Jindal - Managing Director
- Abhyuday Jindal - Managing Director
- Tarun Kumar Khulbe - Whole-Time Director
- Jagmohan Sood - Whole-Time Director
- Rajeev Uberoi - Director
- Shruti Shrivastava - Director
- Aarti Gupta - Director
- Ajay Mankotia - Director
The latest financial statements of Jindal Stainless on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 03 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Jindal Stainless is 06AABCJ1969M1Z7, registered in Haryana. The company has 17 GST registrations in all, of which 10 are active and 7 are cancelled or inactive. Other active GSTINs include 07AABCJ1969M2Z4 (Delhi), 19AABCJ1969M1Z0 (West Bengal), 21AABCJ1969M1ZF (Odisha).
The CIN (Corporate Identification Number) of Jindal Stainless is L26922HR1980PLC010901. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Jindal Stainless is a listed company as per MCA records. Its shares are listed on both BSE (code: 532508) and NSE (symbol: JSL).
Jindal Stainless has 231 court cases on record: 167 filed by the company and 64 filed against it. 54 are pending. Most are in the district courts.
Jindal Stainless was incorporated on 29 September 1980, making it 46+ years old. It is registered with the Registrar of Companies, Haryana.
The peers of Jindal Stainless by revenue are Tata Steel Limited, JSW Steel Limited, Steel Authority of India Limited, Arcelormittal Nippon Steel India Private Limited, Jindal Steel Limited and 5 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Arti Luniya ceased to be Director on 26 Nov 2025. Jayaram Easwaran ceased to be Director on 05 Aug 2025. Anurag Mantri ceased to be CFO on 04 Apr 2025. Jindal Stainless has 83 board changes on record in total.
Jindal Stainless has 11 MSME Form 1 returns on record between 2019 and 2023, listing 808 overdue payments to 216 micro and small suppliers. The latest return was filed on 30 Aug 2023.