Jindal Steel Ltd.
Metals · NSE
52-week range
₹832 – ₹1,306
From 52w high
-4.4%
RSI (14)
54.1
vs SMA 50 / 200
↑ 50 · ↑ 200
Jindal Steel and Power trades at ₹1,250, up 42.55% over 12 months, with the price above both its 50-day (₹1,206.9) and 200-day (₹1,085.5) moving averages and RSI at 54.45 (neutral). The company reported a 5x sequential surge in Q4 profit, yet the trailing PE of 37.79 reflects depressed current earnings — the forward PE of 13.05 implies the market is pricing in a substantial earnings recovery in FY2027. Structurally, debt-to-equity stands at 43.6 with a rising trend, ROE is 6.77% and has never exceeded 15% in recorded history, and free cash flow was positive in only 2 of the years covered.
- ✓Revenue growth of 23% over five years demonstrates meaningful top-line expansion, driven in part by capacity ramp-up cited in the most recent earnings call.
- ✓Q4 FY2026 profit surged approximately 5x quarter-on-quarter and 18% year-on-year on an 8% revenue increase, as reported in the earnings call transcript from May 2026, indicating recent operational improvement.
- ✓The stock is above both the 50-DMA (₹1,206.9) and 200-DMA (₹1,085.5) and is only 4.3% below its 52-week high, reflecting strong near-term price momentum relative to moving average benchmarks.
- ✓Analyst coverage across 31 analysts yields a mean rating of 2.06 on a 1–5 scale (lower = more constructive), indicating a distribution weighted toward the constructive end of the scale.
- ✗Debt-to-equity of 43.6 — on a rising trend — is well above typical levels for a metals manufacturer operating in a cyclical industry, making the company vulnerable to earnings pressure during demand downturns.
- ✗ROE of 6.77% has not crossed 15% in any year of available history, and the consistency score of 0 indicates no track record of sustained equity returns; the persistence data shows FCF was positive in only 2 of the years covered.
- ✗Quality score of 34 ranks JINDALSTEL 4th of 6 peers in the Metals sector, with TATASTEEL (44), HINDALCO (38), and JSWSTEEL (36) all scoring higher — pointing to below-median fundamental quality within the peer group.
- ✗The trailing PE of 37.79 versus a forward PE of 13.05 represents a wide gap that places significant dependence on an earnings recovery materialising as forecast; if the recovery underperforms, the trailing valuation is difficult to support at current price levels.
- ·Q4 FY2026 results showed a roughly 5x sequential jump in net profit and 18% PAT growth, with management citing capacity ramp-up as the primary driver; an earnings call transcript was published on May 2, 2026.
- ·FY2027 outlook commentary from the earnings call referenced further capacity utilisation gains, though the specific guidance figures are not detailed in the available news data.
- ·News sentiment across 6 recent articles is neutral overall (2 positive, 4 neutral, 0 negative), with coverage concentrated around the Q4 results cycle; the small news sample limits the breadth of the sentiment read.
- ?How much of the 23% five-year revenue growth and the Q4 earnings spike reflects structural capacity additions versus cyclical steel price tailwinds — and how would the business perform if steel prices revert to the FY2023–24 range?
- ?Given a debt-to-equity of 43.6 on a rising trend and FCF positive in only 2 historical years, what is the company's debt-service coverage at current earnings levels, and how does that change under a scenario where EBITDA declines 20–30%?
- ?The forward PE of 13.05 implies earnings roughly 2.9x current trailing levels — what specific volume, pricing, and margin assumptions underpin that expectation, and which of those assumptions carries the greatest uncertainty?
- ?TATASTEEL and JSWSTEEL both operate in the same sector with higher quality scores; what structural differences in cost structure, product mix, or geographic exposure explain the gap in quality scores between JINDALSTEL and its larger peers?
PE
37.8
Forward PE
13.0
ROE
+6.8%
Profit margin
+6.3%
D/E
43.61
Dividend yield
+0.2%
Quality score
34/100
ROE 5y above 15%
0/5 yrs
FCF 5y positive
2/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 11 May 2026.