EN DE
Watch Jindal Steel & Power Limited for free: we tell you when fair value or trend changes.
Data-driven stock valuation

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.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Basic Materials IN · ISIN INE749A01030

JS Jindal Steel & Power Limited logo Broad data Nov 2, 2026

Jindal Steel & Power Limited

JINDALSTEL · NSE
Very expensive, weak quality

Our calculation puts a fair price 55% below what the stock costs today.

Low debt
Broad data
Revenue last quarter +43% vs. a year ago.
Quality 44/100
Expensive Growth (revenue 5y +9.0 %/yr in INR)
Thin margins · 4.7% net margin (TTM)
0.2% dividend yield · Token dividend
Fair value ₹516.03 · Strongly overvalued (−55.1%)
Negative free cash flow
Trails peers (5/13)
Narrow moat 37/100 · thin data
⟳ Cyclical

Risks from the AI analysis

🚩Cheaper imports from China and ASEAN squeezing margins🚩NGT cancellations of environmental clearances delaying projects🚩Dependence on Indian Railways for rail sales

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹1,289 ₹302.80 Fair Value ₹516.03 Jul 2021 Nov 2026

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.

Follow Jindal Steel & Power in your weekly email

Every Wednesday you see whether Jindal Steel & Power is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Jindal Steel Limited operates in the steel, mining, and infrastructure sectors in India and internationally.

Show moreShow less

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.

Show more

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

Bear ₹376.51 Fair Value ₹516.03 Bull ₹670.83
Price ₹1,150 · Downside -55.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹16.03 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income ₹376.51 ₹378.90 ₹408.28 76
EPV ₹277.73 ₹336.67 ₹385.86 74
ROIC Compounder ₹277.73 ₹336.67 ₹385.86 72
All 16 models by family
Earnings-Based
Graham-Dodd ₹224.94 ₹939.92 ₹1,282 64
Lynch FV ₹238.04 ₹340.06 ₹442.07 61
PEG = 1.0 ₹238.04 ₹340.06 ₹442.07 57
EPV ₹277.73 ₹336.67 ₹385.86 74
Dividend Discount
Gordon GGM ₹15.67 ₹28.35 ₹39.15 68
DDM Multi-Stage ₹15.67 ₹25.84 ₹30.27 67
Multiples
P/E Multiple ₹421.76 ₹562.35 ₹702.93 63
P/S Multiple ₹421.76 ₹562.35 ₹702.93 58
P/B Multiple ₹472.50 ₹630.00 ₹787.50 55
EV/EBIT ₹487.80 ₹710.88 ₹933.95 65
EV/EBITDA ₹530.26 ₹767.48 ₹1,005 67
EV/Revenue ₹367.58 ₹602.86 ₹838.14 52
Asset-Based
NCAV (Graham) ₹236.86 ₹317.39 ₹473.72 54
Economic Profit
Residual Income ₹376.51 ₹378.90 ₹408.28 76
ROIC Compounder ₹277.73 ₹336.67 ₹385.86 72
Growth Earnings
Growth-Adj P/E ₹361.22 ₹516.03 ₹670.83 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 44/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 36
How much profit the company makes from its sales and capital
Quality Growth 36
Are margins and returns getting better?
Cashflow 28
Do the profits arrive as real cash?
Financial strength 59
Debt, balance sheet and risk of trouble
Investment 34
Does it invest with discipline instead of growing at any price?
Low Volatility 78
How calm the share price moves, does not count
Price momentum 38
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 47
Distance to the 52-week high, does not count
New shares 77
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.0%
Start year 2021 (pandemic). Over 10 years: +11.2% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.2%
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−6.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.4%
Dividend (yield on the price)0.2%
Profit margin 2005 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.33% → 12%

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.

Free, no sign-up

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

Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 44 · Below median
Fair Value upside −55.1% · Bottom 25%
Profitability
Return on equity (12 months) 5.5% · Above median
Return on assets 3.4% · Above median
Net margin (12 months) 4.7% · Above median
Operating margin (12 months) 9.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 42.7% · Top 25%
Dividend yield (12 months) 0.2% · Bottom 25%
Balance sheet
Debt / equity 0.39× · Highest 25%

Valuation Multiplesvs Steel median · lower = cheaper

P/E (12 months) 40.2× · Priciest 25%
P/B 2.30× · Priciest 25%
P/S (12 months) 1.90× · Priciest 25%
EV/EBITDA 14.3× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 20
FUTURE (revenue growth)100 · sector 36
PAST (return on equity)22 · sector 19
HEALTH (low debt)81 · sector 95
DIVIDEND (yield)3 · sector 51

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate.

Explore undervalued stocks

More undervalued Basic Materials stocks →

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Jindal Steel & Power Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Jindal Steel & Power Limited Fair Value". https://www.fairvalue-calculator.com/stock/JINDALSTEL

Frequently asked questions

Is Jindal Steel & Power Limited (JINDALSTEL) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of ₹516.03 versus a price of ₹1,150, about 55% lower (overvalued).
What is the fair value of JINDALSTEL?
Our model-based fair value for Jindal Steel & Power Limited is ₹516.03 (as of Nov 2, 2026), built from audited fundamentals. The current price: ₹1,150.
What is the quality score of JINDALSTEL?
Jindal Steel & Power Limited has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Jindal Steel & Power Limited (JINDALSTEL)?
Our model-based price target is the fair value of ₹516.03 (as of Nov 2, 2026) from 16 valuation models. Cautious scenario ₹376.51, optimistic scenario ₹670.83. It is a calculation from audited fundamentals, not an analyst target.
What is the Jindal Steel & Power Limited stock forecast for 2026?
Our models put fair value at ₹516.03, about 55% lower versus a price of ₹1,150 (overvalued). Cautious scenario ₹376.51, optimistic scenario ₹670.83. The calculation is refreshed regularly with new filings.
What is the revenue of Jindal Steel & Power Limited (JINDALSTEL)?
Jindal Steel & Power Limited reported trailing-twelve-month revenue of about ₹614B (latest available figure, as of Nov 2, 2026).
Does Jindal Steel & Power Limited pay a dividend?
Jindal Steel & Power Limited currently shows a dividend yield of 0.17% relative to its recent price (as of Nov 2, 2026).
What is the intrinsic value of Jindal Steel & Power Limited (JINDALSTEL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jindal Steel & Power Limited it is ₹516.03 per share (as of Nov 2, 2026), against a price of ₹1,150. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Jindal Steel & Power Limited stock overvalued or undervalued in 2026?
As of Nov 2, 2026, JINDALSTEL trades above its calculated fair value: price ₹1,150, fair value ₹516.03, a gap of about −55% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of JINDALSTEL?
No. The price is what the market pays today (₹1,150); the fair value is what the company's own numbers justify (₹516.03). For Jindal Steel & Power Limited the two are ₹633.87 per share apart. That gap is exactly why we show both numbers side by side.
How much is Jindal Steel & Power Limited worth?
The market values Jindal Steel & Power Limited at about ₹1.2T (market capitalisation, as of Nov 2, 2026). Per share that is ₹1,150; our models calculate a fair value of ₹516.03 per share.
What do the bullish and bearish scenarios say about JINDALSTEL?
Our models span a range for Jindal Steel & Power Limited: cautious scenario ₹376.51, base ₹516.03, optimistic ₹670.83 per share (as of Nov 2, 2026, price ₹1,150). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of JINDALSTEL?
Jindal Steel & Power Limited trades at a price-to-earnings ratio of 40.2 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹516.03 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2021 to 2026), reported earnings: 15.8. Other multiples: P/B 2.3, P/S 1.9, EV/EBITDA 14.3.
How solid is the balance sheet of Jindal Steel & Power Limited (JINDALSTEL)?
Balance-sheet figures for Jindal Steel & Power Limited (as of Nov 2, 2026): return on equity 5.5%, debt of 0.39 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is JINDALSTEL from its 52-week high?
Jindal Steel & Power Limited trades at ₹1,150, about 11% below its 52-week high of ₹1,289 and 17% above the low of ₹986.00 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ₹516.03 is for.
Which stocks are comparable to Jindal Steel & Power Limited?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Jindal Steel & Power Limited stock attractive at the current price?
The data as of Nov 2, 2026: price ₹1,150, calculated fair value ₹516.03 (−55%), Quality Score 44/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of JINDALSTEL calculated?
We run Jindal Steel & Power Limited through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹516.03, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Jindal Steel & Power Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Jindal Steel & Power Limited (JINDALSTEL)?
The closing price on Nov 5, 2026 was ₹1,150. Our model-based fair value is ₹516.03, about 55% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jindal Steel & Power Limited right now?
The price sits above even our optimistic bull case (₹670.83). 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.

Key figures of Jindal Steel & Power Limited

How large is the market capitalisation of Jindal Steel & Power Limited (JINDALSTEL)?
The market capitalisation of Jindal Steel & Power Limited is ₹1.2T (≈ $12.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Jindal Steel & Power Limited (JINDALSTEL)?
The price-to-sales ratio of Jindal Steel & Power Limited is 1.90 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Jindal Steel & Power Limited (JINDALSTEL)?
Earnings per share at Jindal Steel & Power Limited are ₹28.59 (price ÷ EPS = P/E 40.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Jindal Steel & Power Limited (JINDALSTEL)?
The dividend yield of Jindal Steel & Power Limited is 0.2% (payout 7.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Jindal Steel & Power Limited (JINDALSTEL)?
The net margin of Jindal Steel & Power Limited is 4.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Jindal Steel & Power Limited (JINDALSTEL)?
The return on equity (ROE) of Jindal Steel & Power Limited is 5.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Jindal Steel & Power Limited (JINDALSTEL)?
On an EBIT basis the return on assets of Jindal Steel & Power Limited is 29.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Jindal Steel & Power Limited (JINDALSTEL)?
The operating margin of Jindal Steel & Power Limited is 9.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jindal Steel & Power Limited (JINDALSTEL)?
Revenue at Jindal Steel & Power Limited is growing +42.7% versus a year earlier (3y avg +0.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Jindal Steel & Power Limited (JINDALSTEL)?
Earnings per share at Jindal Steel & Power Limited are growing +21.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Jindal Steel & Power Limited (JINDALSTEL) generate?
The free cash flow of Jindal Steel & Power Limited is −₹43.9B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Jindal Steel & Power Limited (JINDALSTEL) carry?
The net debt of Jindal Steel & Power Limited is ₹185B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Jindal Steel & Power Limited in the live analysis

One click puts Jindal Steel & Power Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.