
Jindal Stainless Limited is a leading stainless steel manufacturer in India, with a strong presence in the global market. The company was founded in 1976 by Om Prakash Jindal.
Jindal Stainless Limited operates in two main business segments: Flat Products and Long Products. This diversification strategy allows the company to cater to a wide range of customers and markets.
The company's Flat Products segment produces stainless steel coils, sheets, and plates, while the Long Products segment produces stainless steel bars, rods, and wires. This product portfolio enables Jindal Stainless Limited to serve various industries, including construction, automotive, and consumer durables.
Jindal Stainless Limited has a strong focus on research and development, which has enabled the company to develop new products and technologies.
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Financials
The financials of Jindal Stainless Limited are a vital aspect of the company's overall performance. Revenue has been steadily increasing over the years, reaching 39,312.21 Cr in 2025.
One notable trend is the significant jump in revenue from 2021 to 2022, with a 74.6% increase from 12,188.46 Cr to 21,223.40 Cr. This growth is a testament to the company's expanding operations and market presence.
The company's net profit has also seen a notable increase, rising from 414.25 Cr in 2021 to 2,543.42 Cr in 2025. This growth is a positive sign for investors, indicating a profitable and sustainable business model.
Another key financial metric is the company's earnings per share (EPS), which has seen a slight decline from 37.81 in 2022 to 30.42 in 2025. This decrease may be due to various factors such as increased competition or rising costs.
Here's a breakdown of the company's key financial metrics over the years:
The company's balance sheet and cash flow statements also provide valuable insights into its financial health.
Shareholding and Ownership
Jindal Stainless Limited has a diverse shareholding pattern, with various entities holding stakes in the company. As of March 2025, the number of shareholders stood at 2,22,569.
The company's promoters hold a significant stake of 60.87% as of March 2025, which is a decrease from 61.10% in June 2025. This indicates a slight shift in ownership.
Here's a breakdown of the shareholding pattern as of March 2025:
Board of Directors Composition
The Board of Directors is responsible for overseeing the overall strategy and direction of Jindal Stainless Limited. Savitri Devi Jindal has been the Chairman since November 9, 2009.
There are several directors on the board, each with a specific role. Ratan Jindal has also been a Chairman since October 27, 2013.
Let's take a look at the composition of the Board of Directors:
The Board of Directors has a mix of experienced and young members, with the oldest member being 75 years old and the youngest being 36 years old.
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Shareholding and Ownership
Promoters hold a significant portion of the company's shares, with some companies having as high as 75% of their shares held by promoters. In the case of Jindal Stainless Limited, the promoters hold around 1.7% of the shares.
The number of shareholders can fluctuate over time, with some companies having a large number of shareholders. For example, Jindal Stainless Limited had 1,31,244 shareholders in Sep 2022, but this number decreased to 1,14,652 by Dec 2022.
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FIIs and DIIs also hold a significant portion of the company's shares, with some companies having as high as 23.37% of their shares held by FIIs. In the case of Jindal Stainless Limited, FIIs hold around 12.24% of the shares.
Here's a breakdown of the shareholding pattern of Jindal Stainless Limited:
The shareholding pattern can give us an idea of who holds the company's shares and to what extent. It's essential to keep an eye on the shareholding pattern to understand the company's ownership structure.
The number of shareholders can also be an indicator of the company's popularity and liquidity. Companies with a large number of shareholders tend to have higher liquidity and are more attractive to investors.
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Credit Ratings
Credit ratings are an essential aspect of shareholding and ownership, as they reflect a company's creditworthiness and ability to meet its financial obligations.
Care updated the credit rating on 9 Oct.
Credit ratings can significantly impact a company's ability to attract investors and secure funding.
Care updated the credit rating on 28 Aug 2024.
Fitch updated the credit rating on 29 Nov 2024.
Credit ratings are often influenced by a company's financial history, management, and industry trends.
Care updated the credit rating on 12 Mar.
Crisil updated the credit rating on 21 Mar.
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Projects and Operations
Jindal Stainless Limited operates several mines and projects, with commodities including stainless steel.
The company's projects involve significant production, with details on operations including commodities, ownership, and production.
Jindal Stainless Limited's operations span across various plants and equipment, ensuring efficient production and reserves management.
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Production
Jindal Stainless operates two main plants in Jajpur, Odisha and Hisar, Haryana.
The Jajpur facility started producing stainless steel in 1970, while the Hisar plant began operations in 1975.
The Jajpur plant has a melting capacity of 2.1 million tonnes per annum, which is a significant part of the 2.9 million tonnes per annum stainless steel melting facilities at the plants.
The Hisar plant has a melting capacity of 0.8 million tonnes per annum.
Jindal Stainless has a captive power generation facility of 264 MW at its Jajpur plant.
Jindal Stainless unveiled the world's first off-grid Green hydrogen based Stainless steel plant in Hisar, Haryana.
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Mines & Projects
Jindal Stainless Ltd has a significant presence in the mining industry with a focus on stainless steel production.
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Their mines and projects are primarily focused on commodities such as ferro chrome, ferro manganese, and stainless steel.
Comprehensive coverage on mines and projects for Jindal Stainless Ltd includes details on commodities, ownership and operations, production, reserves and resources, plant and equipment, and key contacts.
The company operates in several locations, including India, where they have a large production facility.
Jindal Stainless Ltd's production capacity is substantial, with a focus on meeting the growing demand for stainless steel.
Their mines and projects are designed to optimize production while minimizing environmental impact.
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Products and Services
The company offers a range of products and services that cater to various needs. One of its key products is stainless steel slabs, which are used in various industries.
They also produce stainless steel blooms and hot rolled coils. These products are essential for construction and manufacturing projects.
Here is a list of the company's products:
- Stainless Steel Slabs
- Stainless Steel Blooms
- Hot Rolled Coils
These products are a testament to the company's commitment to quality and excellence.
Market Analysis
Jindal Stainless Limited is a leading player in the Indian stainless steel industry. The company operates two integrated steel plants in Hisar and Cuddapah, with a combined capacity of 1.1 million tons per annum.
Jindal Stainless Limited's market share in India is significant, with a presence in various segments such as flat products, long products, and tubes. Its products cater to various industries including automotive, construction, and consumer durables.
The company's focus on innovation and customer satisfaction has helped it establish a strong brand presence in the Indian market.
Sector
The sector is a crucial aspect of market analysis, and it's essential to understand its different components.
Basic Materials is a key sector that encompasses various sub-sectors, including Mineral Resources.
Mineral Resources is a significant part of the Basic Materials sector, and it's further divided into Metals & Mining.
Metals & Mining is a critical sub-sector within Mineral Resources, and it's comprised of various segments, including Iron & Steel.
Iron & Steel is a vital part of the Metals & Mining sub-sector, and it's further divided into Iron, Steel Mills & Foundries.
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Competitor Comparison
In the competitive steel industry, understanding the key parameters of major players is crucial for market analysis. Jindal Stainless Ltd, Tata Steel Ltd, JSW Steel Ltd, Steel Authority of India Ltd, and Shyam Metalics & Energy Ltd are all public entities.
Each of these companies has its headquarters in India, a significant factor in their operations. Let's take a closer look at their locations.
Here's a breakdown of the key parameters for these companies:
The number of employees also varies significantly between these companies, with Tata Steel Ltd having the largest workforce at 78,321 employees.
Seasonality Analysis
Seasonality Analysis is a crucial aspect of market analysis, and one company that exhibits interesting seasonal patterns is Jindal Stainless.
In October, Jindal Stainless has given positive returns 9 out of 17 years. The average positive change in October is 23.12%.
The highest positive change in October was 68.76% in 2016.
On the other hand, the maximum negative change in October was -14.57% in 2024.
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Consensus Recommendations
The consensus among industry experts is that the market will experience a moderate growth rate in the next quarter.
According to the latest data, the growth rate is expected to be around 3.5%, which is slightly higher than the previous quarter.
Market analysts are predicting a steady increase in demand for the product, driven by advancements in technology and increasing consumer spending.
The projected growth rate is based on a combination of factors, including the expansion of existing markets and the entry of new players into the industry.
Experts recommend that companies focus on developing strategic partnerships to stay competitive in the market.
A key takeaway from the analysis is that companies should prioritize investing in research and development to stay ahead of the curve.
The market is expected to become increasingly saturated, making it essential for companies to differentiate themselves through innovative products and services.
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Frequently Asked Questions
Which is the No 1 stainless steel company in India?
Jindal Stainless Limited is the largest stainless steel producer in India, with a melt capacity of 2.9 million tonnes per annum. It is a part of the OP Jindal group and headquartered in New Delhi.
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