Live Jindal Steel & Power Share Price Chart

O 900.95

H 900.95

L 900.95

VOL 2824

Jindal Steel & Power Performance

Days Range

Low: ₹891.20
High: ₹907.90
Previous Close ₹897.75
Open ₹900.95
Volume 11,01,841
Day’s Range ₹891.20 - ₹907.90
52W Range ₹503.00 - ₹927.00
Market Cap ₹91,476 Cr

Jindal Steel & Power Fundamentals

ROCE (TTM) 12.4
P/E Ratio (TTM) 16.74
P/B Ratio 2.2
Industry P/E 19.94
Debt to Equity 0.32
ROE 10.43
EPS (TTM) 54.45
Dividend Yield 0.22
Book Value 406.86
Face Value 1

Jindal Steel & Power Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales13,691.9312,588.3412,250.1611,701.32
Expenses12,377.5310,547.810,568.169,494.43
Profit before tax805.491,766.551,384.271,926.95
Operating Profit465.661,691.81,390.11,927.99
Net Profit465.661,691.81,390.11,927.99
EPS in Rs6.1216.7913.8119.21

About Jindal Steel & Power

Jindal Steel & Power Ltd is one of India’s leading steel producers with a significant presence in sectors like mining and power generation. It was established in the year 1990 by hiving off the Raigarh and Raipur Divisions of Jindal Strips Ltd. In 1998, the company’s name was changed from Orbit Strips Ltd. to Jindal Steel & Power Ltd.

It established a Coal Washery of 2.5 million MT capacity at the coal mine to meet the additional requirement of coal for the Sponge Iron Plant in 2001. Jindal Steel signed an agreement with South  African and German companies for a coal gasification facility at its proposed 6 million tonnes steel plant in Orissa in 2005.

In 2012, the company commenced commercial operation of the 4th Unit of 135 MW power at Dongamahua, Raigarh. JSPL finished an acquisition of over 30% stake in Gujarat NRE Coking Coal in the subsequent year. In 2018, the company won a prestigious order in the First-ever Global Tender for Rails Floated by Indian Railways. In 2022, JSPL secured a national CSR award. 

Business Segments

  • Steel: Jindal Steel and Power (JSP) is one of the top steel manufacturers in India. The product portfolio spans the steel value chain from the widest flat products to a whole range of long products and rails.
  • Mining: The company is engaged in mining operations with a capacity of over 16.61 MTPA of coal and iron ore at various locations in India and abroad. JSPL’s key mining projects include the Tensa mine in Odisha.
  • Construction Solutions: JSPL entered the Construction Solutions Business to harness the potential for the need for lighter, faster, easier, affordable and environment-friendly methods of construction.

Subsidiary

The company has multiple subsidiaries as of FY 2023, and a few of them are listed below:

  • Jindal Angul Power Limited: It is a wholly owned subsidiary which deals in the production of steel in Angul, Odisha.
  • JB Fabinfra Limited: This is a wholly owned subsidiary of JSPL, which is involved in the construction solution business.

Key Personnel

Mr. Naveen Jindal, Chairman

Mr. Naveen Jindal is the Chairman of JSPL. The company was declared the highest wealth creator in the world between the years 2005 and 2009 by the Boston Consulting Group under his leadership. His vision at JSP is driven by the core principle of nation-building and creating world-class capabilities to make India self-reliant. 

Mr. Bimlendra Jha, Managing Director

Mr Bimlendra Jha was appointed as Managing Director of JSPL in 2022. He has worked in the steel industry for over 3 decades, including at Ambuja Cements Ltd. and as CEO of TATA Steel UK. 

Corporate Action

JSPL announced a bonus issue in a ratio of 5:1 in 2001 on the record date of September 14, 2009.

Parent Organisation Naveen Jindal
Founded 1979
Managing Director Naveen Jindal
NSE Symbol JINDALSTEL

Peer Comparison

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Jindal Stainless Ltd ₹57,504.55

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Jindal Steel & Power FAQs

What is the Share price of Jindal Steel & Power (JINDALSTEL)?

Jindal Steel & Power (JINDALSTEL) share price as of April 12, 2024, on NSE is Rs 897.55 (NSE) and Rs 897.25 (BSE) on BSE.

Can I buy Jindal Steel & Power (JINDALSTEL) shares?

Yes, You can buy Jindal Steel & Power (JINDALSTEL) shares by opening a Demat account with Angel One.

How do I buy Jindal Steel & Power (JINDALSTEL) from Angel One?

Jindal Steel & Power (JINDALSTEL) share can be brought through the following modes:
  1. Direct investment: You can buy Jindal Steel & Power (JINDALSTEL) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Jindal Steel & Power (JINDALSTEL) shares.

Is Jindal Steel & Power a Debt free Company?

No, Jindal Steel & Power is not a debt free company.

What is the main business of Jindal Steel & Power?

The main business of Jindal Steel & Power is related to steel, mining, infrastructure, and power sectors. It has 10.42 mtpa iron making capacity and 1,6344 MW captive power plant capacity.

Who are the promoters of Jindal Steel & Power?

The primary promoters of Jindal Steel & Power are OPJ Trading Private Limited, Opelina Sustainable Services Private Limited, Siddeshwari Tradex Private Limited, Virtuous Tradecorp Private Limited, Gagan Infraenergy Limited, Naveen Jindal, Templar Investments Limited, Mendeza Holdings Limited, and Prithavi Raj Jindal.

What are the Subsidiaries that comes under Jindal Steel & Power?

Some of the subsidiaries that come under Jindal Steel & Power are Jindal Power Limited, Jindal Steel Bolivia SA, Jindal Steel & Power (Mauritius) Ltd., Skyhigh Overseas Ltd., Everbest Power Limited, Jindal Angul Power Limited, JB Fabinfra Limited, and Trishakti Real Estate Infrastructure and Developers Limited.