JINDAL STAINLESS LIMITED (JSL) financials

JINDAL STAINLESS LIMITED (JSL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Jindal Stainless Ltd is one of the largest manufacturers of Stainless Steel flat products, in Austenitic, Ferritic, Martensitic and Duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods etc.[1]

Market Cap: ₹60,723Cr.
Current Price: ₹737
Stock P/E: 22.7
ROE: 15.1%
ROCE: 18.0%
Book Value: ₹229
Dividend Yield: 0.54%
52W High / Low: ₹884/652

In Jun 2026, JINDAL STAINLESS LIMITED (JSL) reported sales ₹10,677 Cr and net profit ₹606 Cr.

Annual TTM: sales ₹43,016 Cr, net profit ₹2,807 Cr.

Shareholding: Promoters 62.54% (Sep 2026), FIIs 20.07% (Sep 2026), DIIs 7.73% (Sep 2026), Public 9.61% (Sep 2026), Others 0.02% (Sep 2026).

JSL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	9,746	10,066	10,786	10,341	10,881	10,632	10,826	10,677
Expenses	8,739	9,062	9,895	9,293	9,821	9,529	9,715	9,648
Operating Profit	1,007	1,003	890	1,048	1,060	1,103	1,111	1,028
OPM %	10%	10%	8%	10%	10%	10%	10%	10%
Other Income	82	137	511	103	99	80	307	124
Interest	116	120	109	100	96	92	94	104
Depreciation	180	189	186	189	196	200	208	233
Profit before tax	793	832	1,107	863	867	891	1,115	815
Tax %	26%	26%	16%	26%	26%	25%	20%	26%
Net Profit	589	619	925	642	644	666	892	606
EPS in Rs	7.16	7.51	11.23	7.79	7.81	8.08	10.81	7.35
Raw PDF	—	—	—	—	—	—	—	—

JSL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	12,320	11,679	32,292	35,030	38,356	40,182	42,680	43,016
Expenses	11,145	10,283	27,572	31,463	34,510	36,444	38,445	38,713
Operating Profit	1,175	1,396	4,720	3,567	3,846	3,738	4,236	4,303
OPM %	10%	12%	15%	10%	10%	9%	10%	10%
Other Income	45	142	64	106	591	958	675	609
Interest	567	464	312	295	393	442	382	387
Depreciation	409	373	704	675	715	735	793	836
Profit before tax	244	700	3,767	2,704	3,328	3,519	3,737	3,689
Tax %	37%	39%	26%	26%	24%	23%	24%	—
Net Profit	153	428	2,790	2,014	2,531	2,711	2,843	2,807
EPS in Rs	3.14	8.78	53.09	24.46	30.73	32.91	34.48	34.05
Dividend Payout %	0%	0%	0%	10%	10%	9%	12%	—

JSL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	96	97	97	105	165	165	165	165
Reserves	2,379	2,560	3,055	9,341	11,292	13,535	16,032	18,702
Borrowings	4,118	3,655	2,899	3,479	3,562	3,886	4,444	4,599
Other Liabilities	3,429	3,796	4,213	8,409	11,096	9,932	12,369	11,501
Total Liabilities	10,021	10,108	10,265	21,334	26,115	27,518	33,010	34,967
Fixed Assets	6,143	5,969	5,679	8,160	9,455	9,542	9,488	10,904
CWIP	26	12	55	502	520	957	1,621	1,407
Investments	487	489	491	937	1,172	2,804	3,430	5,324
Other Assets	3,366	3,638	4,040	11,735	14,968	14,214	18,471	17,332
Total Assets	10,021	10,108	10,265	21,334	26,115	27,518	33,010	34,967

JSL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	1,353	1,123	1,295	1,111	2,834	3,683	4,229	3,442
Cash from Investing Activity	-172	-162	-154	-923	-2,367	-2,831	-4,505	-3,226
Cash from Financing Activity	-1,196	-951	-1,107	-38	-225	-363	-152	-511
Net Cash Flow	-15	10	34	151	242	490	-428	-295
Free Cash Flow	1,168	974	1,128	203	1,503	2,464	2,637	1,432
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	119%	96%	92%	40%	99%	114%	127%	103%

JSL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	60.70%	60.87%	61.10%	61.23%	61.22%	62.04%	62.04%	62.54%
FIIs	22.16%	21.37%	21.26%	21.42%	21.53%	20.87%	20.45%	20.07%
DIIs	6.26%	6.91%	7.09%	7.08%	7.23%	7.15%	7.35%	7.73%
Public	10.81%	10.80%	10.55%	10.18%	9.93%	9.88%	10.12%	9.61%
Others	0.04%	0.01%	0.01%	0.09%	0.08%	0.06%	0.04%	0.02%
No. of Shareholders	2,11,924	2,22,569	2,19,278	2,12,125	2,09,086	2,07,613	2,11,641	2,03,646

JSL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	24	23	31	44	40	29	35	28
Inventory Days	88	106	121	100	117	102	113	100
Days Payable	100	110	122	95	117	95	121	102
Cash Conversion Cycle	13	18	30	49	39	36	27	26
Working Capital Days	-18	-20	1	31	30	18	6	0
ROCE %	12%	12%	17%	43%	21%	23%	20%	18%

JSLUpdated 18 Oct 2026, 5:39

Jindal Stainless Limited

JSLUpdated 18 Oct 2026, 5:39

Market Cap

₹60,723Cr.

Current Price

₹737

High / Low

₹884/652

Stock P/E

22.7

ROE15.1%

ROCE18.0%

Book Value₹229

Face Value₹2.00

Dividend Yield0.54%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	10027	93	8910	44	174	895	26	666	8.08
Sep 2023	9720	104	8651	34	178	822	26	609	7.4
Dec 2023	9088	93	8067	230	182	975	20	779	9.46
Mar 2024	9521	103	8693	92	181	636	25	476	5.79
Jun 2024	9585	97	8580	60	179	788	27	578	7.02
Sep 2024	9746	116	8739	82	180	793	26	589	7.16
Dec 2024	10066	120	9062	137	189	832	26	619	7.51
Mar 2025	10786	109	9895	511	186	1107	16	925	11.23
Jun 2025	10341	100	9293	103	189	863	26	642	7.79
Sep 2025	10881	96	9821	99	196	867	26	644	7.81
Dec 2025	10632	92	9529	80	200	891	25	666	8.08
Mar 2026	10826	94	9715	307	208	1115	20	892	10.81
Jun 2026	10677	104	9648	124	233	815	26	606	7.35

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	5996	916	5692	1226	393	222	-1	223	9.85
Mar 2016	6528	1006	6007	-8	298	-792	-29	-559	-24.18
Mar 2017	8311	762	7205	52	308	89	34	58	1.46
Mar 2018	10785	541	9500	44	304	483	34	318	6.64
Mar 2019	12585	614	11449	34	335	221	37	139	2.9
Mar 2020	12320	567	11145	45	409	244	37	153	3.14
Mar 2021	11679	464	10283	142	373	700	39	428	8.78
Mar 2022	32292	312	27572	64	704	3767	26	2790	53.09
Mar 2023	35030	295	31463	106	675	2704	26	2014	24.46
Mar 2024	38356	393	34510	591	715	3328	24	2531	30.73
Mar 2025	40182	442	36444	958	735	3519	23	2711	32.91
Mar 2026	42680	382	38445	675	793	3737	24	2843	34.48
TTM	43016	387	38713	609	836	3689	—	2807	34.05

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	62.54%
FIIs	20.07%
DIIs	7.73%
Public	9.61%
Others	0.02%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public	Others
Dec 2023	58.68%	22.56%	5.81%	12.94%	0%
Mar 2024	60.49%	20.83%	6.62%	12.06%	0%
Jun 2024	60.48%	22.49%	6.25%	10.78%	0%
Sep 2024	60.48%	22.78%	5.86%	10.86%	0%
Dec 2024	60.7%	22.16%	6.26%	10.81%	0.04%
Mar 2025	60.87%	21.37%	6.91%	10.8%	0.01%
Jun 2025	61.1%	21.26%	7.09%	10.55%	0.01%
Sep 2025	61.23%	21.42%	7.08%	10.18%	0.09%
Dec 2025	61.22%	21.53%	7.23%	9.93%	0.08%
Mar 2026	62.04%	20.87%	7.15%	9.88%	0.06%
Jun 2026	62.04%	20.45%	7.35%	10.12%	0.04%
Sep 2026	62.54%	20.07%	7.73%	9.61%	0.02%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	45	-218	10890	2813	13530	7394	137	103	5895	13530
Mar 2016	46	1590	10037	2654	14328	6645	54	482	7147	14328
Mar 2017	80	1661	5628	2902	10271	6392	30	481	3368	10271
Mar 2018	96	2256	4729	3084	10164	6143	142	485	3394	10164
Mar 2019	96	2379	4118	3429	10021	6143	26	487	3366	10021
Mar 2020	97	2560	3655	3796	10108	5969	12	489	3638	10108
Mar 2021	97	3055	2899	4213	10265	5679	55	491	4040	10265
Mar 2022	105	9341	3479	8409	21334	8160	502	937	11735	21334
Mar 2023	165	11292	3562	11096	26115	9455	520	1172	14968	26115
Mar 2024	165	13535	3886	9932	27518	9542	957	2804	14214	27518
Mar 2025	165	16032	4444	12369	33010	9488	1621	3430	18471	33010
Mar 2026	165	18702	4599	11501	34967	10904	1407	5324	17332	34967

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	421	20	-449	-8
Mar 2016	766	1050	-1787	29
Mar 2017	5182	-5	-5198	-22
Mar 2018	1427	-184	-1258	-15
Mar 2019	1353	-172	-1196	-15
Mar 2020	1123	-162	-951	10
Mar 2021	1295	-154	-1107	34
Mar 2022	1111	-923	-38	151
Mar 2023	2834	-2367	-225	242
Mar 2024	3683	-2831	-363	490
Mar 2025	4229	-4505	-152	-428
Mar 2026	3442	-3226	-511	-295

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	58	51	35	28	24	23	31	44	40	29	35	28
Inventory Days	152	146	129	107	88	106	121	100	117	102	113	100
Days Payable	116	147	121	103	100	110	122	95	117	95	121	102
Cash Conversion Cycle	94	50	44	32	13	18	30	49	39	36	27	26
Working Capital Days	39	88	-82	-19	-18	-20	1	31	30	18	6	0
ROCE %	-1%	2%	9%	14%	12%	12%	17%	43%	21%	23%	20%	18%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of JINDAL STAINLESS LIMITED (JSL)?

The reported market capitalisation for JINDAL STAINLESS LIMITED (JSL) is ₹60,723Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of JSL?

The current price shown for JINDAL STAINLESS LIMITED (JSL) on Fincrux is ₹737 with a 52-week high/low of ₹884/652.

What is the P/E ratio of JINDAL STAINLESS LIMITED (JSL)?

The stock P/E for JINDAL STAINLESS LIMITED (JSL) is 22.7 on Fincrux, with ROE at 15.1% and ROCE at 18.0%.

What were JSL latest quarterly results?

For Jun 2026, JINDAL STAINLESS LIMITED (JSL) reported sales ₹10,677 Cr and net profit ₹606 Cr (figures in ₹ crore unless noted).

What are JSL annual sales and net profit?

For TTM, JINDAL STAINLESS LIMITED (JSL) shows sales of ₹43,016 Cr and net profit of ₹2,807 Cr on the Fincrux profit & loss statement.

Who owns JINDAL STAINLESS LIMITED (JSL)?

Latest shareholding for JINDAL STAINLESS LIMITED (JSL) on Fincrux: Promoters 62.54% (Sep 2026), FIIs 20.07% (Sep 2026), DIIs 7.73% (Sep 2026), Public 9.61% (Sep 2026), Others 0.02% (Sep 2026).

Where can I find JINDAL STAINLESS LIMITED (JSL) financials?

JINDAL STAINLESS LIMITED (JSL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show JSL balance sheet and cash flow?

Yes. The JINDAL STAINLESS LIMITED (JSL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 5:39