Jindal Steel & Power Limited (JINDALSTEL) Fair Value & Analysis

Basic Materials · IN · Market cap ₹1.1T (≈ $12.0B) · ISIN INE749A01030

What is Jindal Steel & Power Limited really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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What matters now

• The price sits above even our optimistic bull case (₹558.27). The favourable scenario is already priced in.
• Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range ₹303.24 – ₹1,286 · fair‑value band ₹381.43 – ₹558.27 · the ₹1,163 price screens above the ₹429.44 fair value. Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

Jindal Steel & Power Limited (JINDALSTEL) currently trades at ₹1,163, while our model-based Fair Value estimate is ₹429.44, implying the stock looks roughly 170.8% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Basic Materials sector. Bull case: the Multiples group reads highest at a median of ₹562.62 per share, and 0 of the 14 models we run sit above the ₹1,163 price. Bear case: the Earnings-Based group reads lowest at ₹182.54, and 14 of the 14 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Jindal Steel & Power Limited generated revenue of ₹564B at a net margin of 4.8%. Revenue grew 25.9% year over year. It earns a return on equity of 6.8%. Net debt stands at ₹201B. Fundamentals as of Aug 21, 2026

Our scenario range runs from ₹381.43 (bear case) to ₹558.27 (bull case); at ₹1,163, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 23% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −23% fair-value upside, at −63%, JINDALSTEL screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹11.64 per share, which is 2.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Widest divergence: Multiples (₹562.62) versus Dividend Discount (₹24.03). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Jindal Steel & Power Limited operates in the steel, mining, and infrastructure sectors in India and internationally. The company offers TMT rebars, wire rods, round bars, track and head-hardened rails, sheet piles, plates, and hot-rolled coils, as well as medium and heavy hot-rolled parallel flange beams, angles, channels, and column sections.

Full company description

Jindal Steel & Power Limited operates in the steel, mining, and infrastructure sectors in India and internationally. The company offers TMT rebars, wire rods, round bars, track and head-hardened rails, sheet piles, plates, and hot-rolled coils, as well as medium and heavy hot-rolled parallel flange beams, angles, channels, and column sections. It also provides cathode bars used in the aluminium industry; Jindal Speedfloor System, a suspended concrete flooring solution; track shoes are used for heavy-duty undercarriages; fabricated sections, including H-beams, I-beams, and trusses; semi-finished products, such as slabs, billets, blooms, beam blanks, and rounds; and coal-based sponge iron products. In addition, the company produces and sells Portland slag cement, Portland composite cement, and ground-granulated blast-furnace slag under the Jindal Panther Cement brand name. Further, it operates coal and iron ore mines located at various locations in India and internationally. The company was founded in 1952 and is based in New Delhi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Jindal Steel & Power Limited reported revenue of ₹436B in FY2026 versus ₹696B in FY2022, a compound −11.1%/yr. Reported net income was ₹33.7B in FY2026, compounding −16.0%/yr from FY2022.

JINDALSTEL screens 171% overvalued. Compare with Nucor Corporation →

Peer Group

Steel · 399 stocks

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.

Valuation Multiples vs Steel median · lower = cheaper

Values & ESG

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

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