Jindal Stainless Key Ratios
NSE: JSL | BSE: 532508
₹705.00
As on 27-Aug-2026IST
Market cap
₹58,163 Cr
Revenue (TTM)
₹44,026 Cr
P/E Ratio
17.9
P/B Ratio
2.8
Div. Yield
0.6 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -0.52 | 10.50 | 9.82 | 5.25 | 24.29 |
| EBIT | -12.78 | -2.95 | 17.94 | 12.29 | 23.32 |
| Net Profit | -12.52 | 7.73 | 27.86 | 11.73 | 33.15 |
| EPS | -8.81 | 7.67 | 26.30 | 4.51 | 17.89 |
| Book Value | -- | -- | 18.35 | 18.20 | 29.91 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 7.90 | 9.80 | 10.15 | 10.29 | 9.05 |
| Net Margin
| 6.57 | 7.15 | 7.14 | 7.34 | 6.29 |
| Return on equity
| 18.19 | 27.63 | 17.40 | 17.51 | 16.13 |
| Return on Capital
| 20.84 | 25.24 | -- | 19.19 | 18.25 |
| Return on Assets
| 8.92 | 10.44 | 8.26 | 8.34 | 7.50 |
| Debt to Equity (x)
| -- | -- | 0.25 | 0.37 | 0.38 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
--
|
19.19
|
18.25
|
22.97
|
20.97
|
|
Peer Median
|
--
|
13.88
|
14.07
|
--
|
--
|
ROE
17.40
Higher than Peers by 6.76
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
17.40
|
17.51
|
16.13
|
20.50
|
22.13
|
|
Peer Median
|
10.65
|
9.58
|
12.37
|
--
|
--
|
ROA
8.26
Higher than Peers by 3.77
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
8.26
|
8.34
|
7.50
|
9.31
|
8.39
|
|
Peer Median
|
4.49
|
5.36
|
7.53
|
--
|
--
|
EBIT Margin
10.15
Higher than Peers by 2.09
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
10.15
|
10.29
|
9.05
|
9.42
|
7.82
|
|
Peer Median
|
8.06
|
8.84
|
8.78
|
--
|
--
|
Net Margin
7.14
Higher than Peers by 1.82
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
7.14
|
7.34
|
6.29
|
6.92
|
5.81
|
|
Peer Median
|
5.32
|
6.18
|
6.53
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
--
|
9.55
|
8.52
|
9.14
|
7.73
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
9.82
Higher than Peers by 5.23
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
9.82
|
9.27
|
1.94
|
8.03
|
9.06
|
|
Peer Median
|
4.59
|
11.70
|
3.51
|
--
|
--
|
EBIT Growth
17.94
Higher than Peers by 3.05
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
17.94
|
24.34
|
-2.09
|
30.10
|
-31.42
|
|
Peer Median
|
14.90
|
32.20
|
2.75
|
--
|
--
|
Net Profit Growth
27.86
Higher than Peers by 7.30
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
27.86
|
27.40
|
-7.19
|
29.26
|
-32.98
|
|
Peer Median
|
20.56
|
29.90
|
-1.04
|
--
|
--
|
EPS Growth
26.30
Higher than Peers by 10.46
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
26.30
|
27.43
|
-7.69
|
28.31
|
-56.17
|
|
Peer Median
|
15.84
|
35.22
|
-1.70
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
--
|
18.40
|
16.06
|
20.26
|
72.98
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.25
Higher than Peers by 0.13
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
0.25
|
0.37
|
0.38
|
0.41
|
0.32
|
|
Peer Median
|
0.12
|
0.25
|
0.35
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
--
|
0.08
|
0.07
|
0.05
|
0.07
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.24
Lower than Peers by 0.11
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
1.24
|
1.24
|
1.26
|
1.43
|
1.38
|
|
Peer Median
|
1.35
|
1.49
|
1.48
|
--
|
--
|
Quick Ratio
0.56
Lower than Peers by 0.04
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
0.56
|
0.56
|
0.52
|
0.64
|
0.61
|
|
Peer Median
|
0.60
|
0.76
|
0.73
|
--
|
--
|
Interest Coverage
8.44
Higher than Peers by 4.19
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
8.44
|
8.47
|
6.46
|
7.48
|
9.55
|
|
Peer Median
|
4.25
|
3.59
|
4.94
|
--
|
--
|
Operating Efficiency
Debtors to sales
7.01
Lower than Peers by 2.30
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
7.01
|
7.18
|
7.90
|
7.36
|
10.25
|
|
Peer Median
|
9.31
|
10.13
|
11.58
|
--
|
--
|
Asset Turnover
1.15
Higher than Peers by 0.15
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
1.15
|
1.16
|
1.22
|
1.35
|
1.46
|
|
Peer Median
|
1.00
|
1.08
|
1.13
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
--
|
25.42
|
26.73
|
30.33
|
37.79
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
--
|
78.85
|
79.30
|
76.24
|
76.31
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
--
|
111.41
|
109.13
|
100.74
|
101.15
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
--
|
-7.14
|
-3.10
|
5.82
|
12.95
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
17.90
Lower than Peers by 7.96
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
17.90
|
18.32
|
19.12
|
21.08
|
11.28
|
|
Peer Median
|
25.87
|
25.87
|
25.84
|
--
|
--
|
Price / Book Value
2.84
Higher than Peers by 0.40
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
2.84
|
2.97
|
2.88
|
3.99
|
2.00
|
|
Peer Median
|
2.44
|
2.87
|
2.59
|
--
|
--
|
Dividend Yield
0.57
Higher than Peers by 0.27
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
0.57
|
0.56
|
0.52
|
0.43
|
0.86
|
|
Peer Median
|
0.29
|
0.28
|
0.40
|
--
|
--
|
EV/EBITDA
10.46
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
10.46
|
10.64
|
10.47
|
12.55
|
7.22
|
|
Peer Median
|
--
|
19.95
|
16.36
|
--
|
--
|
Market Cap
58,163
Higher than Peers by 51,834
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Stainless
|
58,163
|
58,513
|
47,886
|
57,184
|
23,846
|
|
Peer Median
|
6,328
|
4,014
|
3,320
|
--
|
--
|