Jindal Steel Limited (JINDALSTEL) Fair Value & Analysis

Basic Materials · IN · Market cap ₹1.1T

Below-average quality, and screening another 53% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹671.15). The favourable scenario is already priced in.
• Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹302.80 – ₹1,289 · fair‑value band ₹383.48 – ₹671.15 · the ₹1,092 price screens above the ₹516.27 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Jindal Steel Limited (JINDALSTEL) currently trades at ₹1,092, while our model-based Fair Value estimate is ₹516.27, implying the stock looks roughly 52.7% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Jindal Steel Limited generated revenue of ₹532B at a net margin of 6.3%. Revenue grew 23.0% year over year. It earns a return on equity of 6.8%. Net debt stands at ₹185B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹383.48 (bear case) to ₹671.15 (bull case); at ₹1,092, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 16% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -10% fair-value upside, at -53%, JINDALSTEL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Multiples (₹562.62) versus Dividend Discount (₹34.53). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Jindal Steel Limited operates in the steel, mining, and infrastructure sectors in India and internationally. It offers rails; medium and heavy hot-rolled parallel flange beams and column sections; plates and coils; angles and channels; cold heading quality, electrode quality, and high carbon wire rods; round bars; fabricated sections; Jindal Speedfloor …

Full company description

Jindal Steel Limited operates in the steel, mining, and infrastructure sectors in India and internationally. It offers rails; medium and heavy hot-rolled parallel flange beams and column sections; plates and coils; angles and channels; cold heading quality, electrode quality, and high carbon wire rods; round bars; fabricated sections; Jindal Speedfloor concrete flooring solutions; Jindal Panther TMT rebars; semi-finished products, including slabs, billets, blooms, beam blank, and rounds; and Jindal Panther cement comprising Portland slag cement, Portland composite cement, and ground-granulated blast-furnace slag, as well as rockhard plates, cathode bards, and track shoes. The company also operates and maintains a total captive power plant capacity of 1,634 megawatts. In addition, it operates coal and iron ore mines located at various locations in India, Australia, and Africa. The company was formerly known as Jindal Steel & Power Limited and changed its name to Jindal Steel Limited in July 2025. Jindal Steel Limited was incorporated in 1979 and is based in New Delhi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Jindal Steel Limited reported revenue of ₹532B in FY2026 versus ₹511B in FY2022, a compound +1.0%/yr. Reported net income was ₹33.7B in FY2026, compounding −12.5%/yr from FY2022.

JINDALSTEL screens 53% overvalued. Compare with JSW Steel Limited →

Peer Group

Steel · 382 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Steel median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.