Jindal Steel & Power Limited (JINDALSTEL) fair value: what the stock is really worth
We calculate from audited financials what Jindal Steel & Power Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range ₹302.80 – ₹1,289 · fair‑value band ₹383.48 – ₹671.15 · the ₹1,131 price screens above the ₹516.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Jindal Steel Limited operates in the steel, mining, and infrastructure sectors in India and internationally.
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Jindal Steel Limited operates in the steel, mining, and infrastructure sectors in India and internationally. 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 ₹1,131, while our model-based Fair Value estimate is ₹516.27, implying the stock looks roughly 119.0% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹562.62 per share, and 0 of the 16 models we run sit above the ₹1,131 price.
Bear case: the Asset-Based group reads lowest at ₹335.16, and 16 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹383.48 (bear) to ₹671.15 (bull), the price of ₹1,131 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 ₹1.1T (≈ $12.0B) · P/E ratio 34.2 · P/S ratio 2.16 · EPS (TTM) ₹33.08 · Dividend yield 0.2% · Net margin 6.3% · Return on equity 6.8% · Return on assets (EBIT) 29.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −26% fair-value upside, at −54%, JINDALSTEL screens richer than that median.
Fair Value models
Bear ₹383.48Fair Value ₹516.27Bull ₹671.15
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹14.90 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.Evidence ⓘEvidence = 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.
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%
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%
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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%
Compare Jindal Steel & Power Limited with another stock
Price, fair value, quality and upside side by side.
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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 Score44 · Below median
Fair Value upside−56% · Bottom 25%
Profitability
Return on equity (TTM)7% · Above median
Return on assets4% · Top 25%
Net margin (TTM)6% · Top 25%
Operating margin (TTM)13% · Top 25%
Growth and dividend
Revenue growth23% · Top 25%
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity0.39× · Highest 25%
Valuation Multiplesvs Steel median · lower = cheaper
P/E (TTM)34.2× · Priciest 25%
P/B2.08× · Priciest 25%
P/S (TTM)1.99× · Priciest 25%
EV/EBITDA12.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 14
FUTURE (revenue growth)100· sector 2
PAST (return on equity)27· sector 14
HEALTH (low debt)81· sector 95
DIVIDEND (yield)4· sector 47
VALUE 0: the price sits above our fair-value range.
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.
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 Sep 18, 2026, our model estimates a fair value of ₹516.27 versus a price of ₹1,131, about −54% upside (overvalued).
What is the fair value of JINDALSTEL?
Our model-based fair value for Jindal Steel & Power Limited is ₹516.27 (as of Sep 18, 2026), built from audited fundamentals. The current price: ₹1,131.
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 ₹516.27 (as of Sep 18, 2026) from 16 valuation models. Cautious scenario ₹383.48, optimistic scenario ₹671.15. 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 ₹516.27, about −54% upside versus a price of ₹1,131 (overvalued). Cautious scenario ₹383.48, optimistic scenario ₹671.15. 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 ₹532B (latest available figure, as of Sep 18, 2026).
Does Jindal Steel & Power Limited pay a dividend?
Jindal Steel & Power Limited currently shows a dividend yield of about 0.18% relative to its recent price (as of Sep 18, 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 ₹516.27 per share (as of Sep 18, 2026), against a price of ₹1,131. 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 Sep 18, 2026, JINDALSTEL trades above its calculated fair value: price ₹1,131, fair value ₹516.27, a gap of about −54% (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 (₹1,131); the fair value is what the company's own numbers justify (₹516.27). For Jindal Steel & Power Limited the two are ₹614.33 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 ₹1.1T (market capitalisation, as of Sep 18, 2026). Per share that is ₹1,131; our models calculate a fair value of ₹516.27 per share.
What do the bullish and bearish scenarios say about JINDALSTEL?
Our models span a range for Jindal Steel & Power Limited: cautious scenario ₹383.48, base ₹516.27, optimistic ₹671.15 per share (as of Sep 18, 2026, price ₹1,131). 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 34.2 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹516.27 is built from several models across several years. Other multiples: P/B 2.1, P/S 2.0, EV/EBITDA 12.6.
How solid is the balance sheet of Jindal Steel & Power Limited (JINDALSTEL)?
Balance-sheet figures for Jindal Steel & Power Limited (as of Sep 18, 2026): return on equity 6.8%, 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 ₹1,131, about 13% below its 52-week high of ₹1,306 and 28% above the low of ₹880.90 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of ₹516.27 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 Sep 18, 2026: price ₹1,131, calculated fair value ₹516.27 (−54%), 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 ₹516.27, 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 16.1 % 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 Sep 21, 2026 was ₹1,131. Our model-based fair value is ₹516.27, about −54% upside (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 (₹671.15). 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 ₹1.1T (≈ $12.0B). 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 2.16 (P/E × margin). 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 ₹33.08 (price ÷ EPS = P/E 34.2). 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 6.0%). 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 6.3% (fiscal year 2026). 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 6.8% (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 12.8% (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 +23.0% 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 −80.1% 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.
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