Jindal Steel & Power Limited (JINDALSTEL) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Jindal Steel & Power Limited stock ₹516, price ₹1,150, that is 55.1% below the price, quality 44 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
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Jindal Steel & Power Limited
JINDALSTEL · NSEOur calculation puts a fair price 55% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range ₹302.80 – ₹1,289 · fair‑value band ₹376.51 – ₹670.83 · the ₹1,150 price screens above the ₹516.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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Company profile
Jindal Steel Limited operates in the steel, mining, and infrastructure sectors in India and internationally.
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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.
Stock analysis
Jindal Steel & Power Limited (JINDALSTEL) currently trades at ₹1,150, while our model-based Fair Value estimate is ₹516.03, 55% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹602.86 per share, and 0 of the 16 models we run sit above the ₹1,150 price.
Bear case: the Asset-Based group reads lowest at ₹317.39, and 16 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹376.51 (bear) to ₹670.83 (bull), the price of ₹1,150 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
Key figures
Market cap ₹1.2T (≈ $12.4B) Large · P/E ratio 40.2 · P/S ratio 1.90 · EPS (TTM) ₹28.59 · Dividend yield 0.2% · Net margin 4.7% · Return on equity 5.5% · Return on assets (EBIT) 29.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −35% fair-value upside, at −55%, JINDALSTEL screens richer than that median.
Fair Value models
All 16 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
JINDALSTEL screens overvalued: fair value 55% below the price. Compare with Nucor Corporation →
Compare Jindal Steel & Power Limited with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Steel · 408 stocks
Valuation Multiplesvs Steel median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Fair value gap by industry
- Return on assets by industry
- Stock screener with 62 metrics
- Undervalued stocks: Indian Stocks
- Valuation of the India market
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.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Baoshan Iron & Steel Co 600019 | ¥6.08 | ¥8.07 | +33% | vs JINDALSTEL |
| POSCO Holdings PKX | $48.60 | $44.73 | −8% | vs JINDALSTEL |
| Tata Steel Limited TATASTEEL | ₹182.00 | ₹148.06 | −19% | vs JINDALSTEL |
| JSW Steel Limited JSWSTEEL | ₹1,356 | ₹1,029 | −24% | vs JINDALSTEL |
| ArcelorMittal S.A MT | €54.50 | €35.48 | −35% | vs JINDALSTEL |
| Reliance, Inc RS | $414.04 | $211.54 | −49% | vs JINDALSTEL |
| Nucor Corporation NUE | $245.68 | $116.49 | −53% | vs JINDALSTEL |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,811 | ₹770.98 | −57% | vs JINDALSTEL |
| Steel Dynamics, Inc STLD | $221.90 | $89.54 | −60% | vs JINDALSTEL |
| Inner Mongolia Baotou Steel Union Co 600010 | ¥2.03 | ¥0.5400 | −73% | vs JINDALSTEL |
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Key figures of Jindal Steel & Power Limited
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