Jindal Stainless Ltd
NSE:JSL

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Jindal Stainless Ltd Logo
Jindal Stainless Ltd
NSE:JSL
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Price: 773.95 INR 1.17% Market Closed
Market Cap: 638B INR

Jindal Stainless Ltd
Investor Relations

Jindal Stainless Ltd., a key player in the global stainless steel industry, operates as a vital linchpin within the intricate web of modern infrastructure and industry. Founded with a vision to capitalize on the burgeoning demand for durable and corrosion-resistant materials, the company swiftly carved out a strong presence in both domestic and international markets. At its core, Jindal Stainless transforms raw materials into a variety of stainless steel products through an intricate and technologically advanced production process. This process involves melting scrap steel and ferroalloys, refining it to the desired quality, and then casting, hot rolling, and finishing it into coils and plates. The company’s robust supply chain, stretching from mining of essential raw materials to forging distribution networks, ensures a seamless flow from production to delivery.

On the revenue front, Jindal Stainless Ltd. excels by catering to a diverse set of industries including automotive, construction, manufacturing, and consumer goods, among others. Its product portfolio, which includes flat products like coils and sheets alongside value-added stainless steel offerings, enables it to meet the evolving needs of various sectors. The company thrives on its strategic geographical positioning and its widespread distribution network, enabling efficient market penetration. By leveraging economies of scale and maintaining a keen eye on quality compliance, Jindal Stainless not only stands resilient against market volatilities but also fortifies its competitive edge in an increasingly demanding global arena. Through a blend of innovation, strategic expansion, and customer-centric focus, Jindal Stainless Ltd. continues to grow as a formidable force in shaping contemporary industrial landscapes.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 11, 2025
AI Summary
Q2 2026

Strong Volume Growth: Deliveries rose about 15% year-on-year and 3% sequentially to 648,050 metric tonnes, reflecting robust domestic demand.

Profitability Improvement: Consolidated EBITDA increased by 17% YoY to INR 1,388 crores and PAT jumped 33% YoY to INR 808 crores.

Guidance Maintained: Management reaffirmed its annual volume growth guidance of 9–10% and EBITDA per tonne, despite exceeding these levels in H1.

CapEx Progress: INR 1,261 crores was spent on CapEx in H1, on track to meet the full-year guidance of INR 2,700 crores.

Low Debt Levels: Net debt further reduced to INR 3,646 crores, with a net debt/EBITDA ratio of 0.73 and net debt/equity of 0.2x.

Export & Regulatory Headwinds: Export growth remains muted due to global trade disruptions and CBAM uncertainty; domestic import pressures persist due to QCO suspension.

Sustainability Initiatives: Renewable power utilization at Jajpur and Hisar increased to 42%, and a green hydrogen plant is targeted by mid-next year.

Key Financials
Deliveries
648,050 metric tonnes
EBITDA
INR 1,388 crores
PAT
INR 808 crores
Net debt
INR 3,646 crores
Net debt-EBITDA ratio
0.73
Net debt-to-equity ratio
0.2x
CapEx (H1 FY '26)
INR 1,261 crores
Deliveries (H1 FY '26)
12,74,302 metric tonnes
EBITDA (H1 FY '26)
INR 2,698 crores
PAT (H1 FY '26)
INR 1,523 crores
Renewable Power Utilization
42% at Jajpur and Hisar facilities
Chromeni Utilization
70%
MPI Utilization
around 90%
Series Mix (Q2 FY '26)
200 Series: 34%, 300 Series: 49%, 400 Series: 17%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Ratan Kumar Jindal
Chairman & MD
No Bio Available
Mr. Tarun Kumar Khulbe
CEO & Whole Time Director
No Bio Available
Mr. Jagmohan Sood
COO & Additional Whole-Time Director
No Bio Available
Mr. Navneet Raghuvanshi
Head of Legal, Company Secretary & Compliance Officer
No Bio Available
Mr. Abhyuday Jindal
MD & Executive Director
No Bio Available
Mr. Sanjay Mishra
Chief Digital & Information Officer
No Bio Available
Shreya Sharma
Head of Investor Relations
No Bio Available
Mr. Rajeev Garg
Head of Sales
No Bio Available
Mr. Sushil Baveja
Chief Human Resource Officer
No Bio Available
Ms. Deepika Jindal
Chairperson of Jindal Stainless Foundation
No Bio Available

Contacts

Address
DELHI
New Delhi
Jindal Centre, 12, Bhikaiji Cama Place
Contacts