Jindal Steel & Power Limited (JINDALSTEL) Fair Value & Analysis
Basic Materials · IN · Market cap ₹1.1T (≈ $11.2B) · ISIN INE749A01030
What is Jindal Steel & Power Limited really worth?
Below-average quality, and trading another 126% above our fair value of ₹516.27.
Risks
For context
Fair value as of: Aug 29, 2026
From 16 valuation models · updated 6 days ago
Share price +4.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
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 29, 2026.
How to read this chart
60‑month range ₹302.80 – ₹1,289 · fair‑value band ₹383.48 – ₹671.15 · the ₹1,165 price screens above the ₹516.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Analysis
Jindal Steel & Power Limited (JINDALSTEL) currently trades at ₹1,165, while our model-based Fair Value estimate is ₹516.27, implying the stock looks roughly 125.6% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Basic Materials sector. Bull case: the Multiples group reads highest at a median of ₹562.62 per share, and 0 of the 16 models we run sit above the ₹1,165 price. Bear case: the Asset-Based group reads lowest at ₹335.16, and 16 of the 16 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Jindal Steel & Power 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 29, 2026
Our scenario range runs from ₹383.48 (bear case) to ₹671.15 (bull case); at ₹1,165, 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 11% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −22% fair-value upside, at −56%, JINDALSTEL screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹13.45 per share, which is 2.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 16 models by family
Widest divergence: Multiples (₹562.62) versus Dividend Discount (₹34.53). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 57
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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 & Power 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 126% overvalued. Compare with Nucor Corporation →
Peer Group
Steel · 398 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
Strength profile in five axes (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.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nucor Corporation NUE | $250.50 | $116.05 | −54% |
| ArcelorMittal S.A MT | €64.60 | €46.04 | −29% |
| JSW Steel Limited JSWSTEEL | ₹1,296 | ₹1,119 | −14% |
| Steel Dynamics, Inc STLD | $234.67 | $127.14 | −46% |
| 500228 500228 | ₹1,292 | ₹1,079 | −16% |
| Tata Steel Limited TATASTEEL | ₹186.80 | ₹145.39 | −22% |
| Reliance, Inc RS | $387.59 | $217.81 | −44% |
| Baoshan Iron & Steel Co 600019 | ¥5.91 | ¥8.07 | +37% |
| POSCO Holdings PKX | $63.13 | $85.21 | +35% |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,891 | ₹793.69 | −58% |
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