JSL
Jindal Stainless Limited
NSELast Traded Price
₹705
Open
₹704
High
₹707.55
Low
₹697
Prev Close
₹705
Industry
Iron & Steel
Market Cap
58121.58 Cr
Filing History
Recent corporate announcements and filings for JSL
Routine
Neutral
2026-08-28 14:31
- Jindal Stainless Limited has set September 03, 2026, as the record date for the full redemption of 990 Non-Convertible Debentures (ISIN: INE220G07127) and annual interest payment at 8.62% p.a.
- The due date for redemption and interest payment is September 28, 2026.
Business Update
Positive
2026-08-25 19:09
- Care Ratings upgraded Jindal Stainless Limited's Long-Term borrowings and Non-Convertible Debentures from 'CARE AA, Stable' to 'CARE AA+, Stable'.
- Short-Term borrowings rating 'CARE A1+' was reaffirmed.
Business Update
Positive
2026-08-19 15:58
- Jindal Stainless won multiple honours at People Matters Infini-T Awards 2026.
- Received Gold Award in HR Operations and Silver Award in Digital Adoption & Change Leadership.
- Recognized for driving digital transformation across HR operations and enhancing employee experience.
Business Update
Neutral
2026-08-13 19:08
- Investor Meet Schedule
- Event: Motilal Oswal 22nd Annual Global Investor Conference
- Date: August 18, 2026
- Place: Mumbai
Business Update
Positive
2026-08-10 18:10
- Consolidated net debt reduced to ₹2,950 Cr, with net debt-to-EBITDA at 0.53x and net debt-to-equity at 0.14x.
- All announced capex plans are on track, with downstream expansion projects progressing well. HRAP plant is expected to be ready around Q3 FY27.
- Reaffirmed H1 FY27 sales volume growth guidance (8-10%) and EBITDA per ton guidance (₹18,000-₹20,000).
- Committed to a long-term sales volume target of 3.5 million tons per annum by FY29 and cold rolled capacities of 2.67 million tons by FY28.
- Production has returned to pre-war levels, and power & fuel costs are down 40-50% from Q1 peak.
- Expanding green hydrogen capacity: Jajpur 600 Nm cube to be commissioned in August, with further expansion to 1,200 Nm cube next year; Hisar to add 200 Nm cube in next 2 quarters.
- Positive outlook on anti-dumping duty and QCO, with a public hearing scheduled for September 9.
- PTGMI (Indonesia) moving from subsidiary to associate does not impact business plan or slab availability guidance.
Governance
Neutral
2026-08-10 17:49
- 46th Annual General Meeting (AGM) on September 02, 2026, at 12:00 Noon (IST) via Video Conference.
- Integrated Annual Report for FY 2025-26 and AGM Notice are circulated with web-links.
- Shareholders are requested to update KYC details.
Business Update
Positive
2026-08-08 23:43
- Jindal Stainless Limited submitted its Business Responsibility & Sustainability Report (BRSR) for the financial year 2025-26, in compliance with Regulation 34(2)(f) of SEBI Listing Regulations.
- The report outlines the company's sustainability initiatives, CSR activities, stakeholder grievance redressal mechanisms, and material ESG risks related to energy/emissions and water/wastewater management, including mitigation strategies.
Financials
Positive
2026-08-08 16:16
- Jindal Stainless Limited has fixed August 21, 2026, as the Record Date for determining eligibility for payment of the final dividend of ₹3/- per equity share for the financial year 2025-26.
Business Update
Neutral
2026-08-06 20:48
- Schedule of Investors' Meets announced by Jindal Stainless Limited.
- Events include: JSL Non-Deal Road Show (August 11, 2026, Hongkong), Nuvama India Conference 2026 (August 12, 2026, Singapore), and Avendus Spark INDX - Asia Edition 2026 (August 13, 2026, Singapore).
- Management will participate in these meetings.
Business Update
Neutral
2026-08-06 20:48
- Schedule of Investors' Meet
- JSL Non-Deal Road Show: Tuesday, August 11, 2026, in Hongkong
- Nuvama India Conference 2026: Wednesday, August 12, 2026, in Singapore
- Avendus Spark INDX - Asia Edition 2026: Thursday, August 13, 2026, in Singapore
Business Update
Neutral
2026-08-06 20:48
- Jindal Stainless management to participate in investor meets.
- JSL Non-Deal Road Show on August 11, 2026, in Hongkong.
- Nuvama India Conference 2026 on August 12, 2026, in Singapore.
- Avendus Spark INDX - Asia Edition 2026 on August 13, 2026, in Singapore.
Business Update
Neutral
2026-08-05 19:59
- Investor Meet Schedule
- Concall Date: August 10, 2026
- Details: Management to meet with Sumitomo Mitsui Asset Management, Invesco Asia Pacific, and Allianz Global Investors in physical mode.
Business Update
Neutral
2026-08-04 20:52
- Audio recording of the Earnings Call held on August 04, 2026, for Q1FY27 financial results has been made available.
- The link to the recording is provided for investors and analysts.
Financials
Positive
2026-08-03 17:58
- Consolidated Revenue ₹11,279Cr vs ₹10,207Cr (▲10% YoY)
- EBITDA ₹1,329Cr vs ₹1,310Cr (▲1% YoY)
- PAT ₹769Cr vs ₹715Cr (▲8% YoY)
- EBITDA Margin 11.78% vs 12.83% (▼105bps)
Routine
Neutral
2026-08-03 15:51
- Intimation of Security Cover Certificate for Non-Convertible Debentures for the quarter ended 30th June, 2026, as per SEBI Regulation 54.
- The company has duly complied with financial covenants related to outstanding NCDs of ₹99.00 Cr.
Financials
Positive
2026-08-03 15:35
- Consolidated Revenue ₹11,279Cr vs ₹10,207Cr (▲10.5% YoY)
- EBITDA ₹1,329Cr vs ₹1,310Cr (▲1.5% YoY)
- PAT ₹769Cr vs ₹715Cr (▲7.6% YoY)
- EBITDA Margin 11.78% vs 12.83% (▼105bps)
Financials
Positive
2026-08-03 15:22
- Consolidated Revenue ₹11,278.54 Cr vs ₹10,207.14 Cr (▲10.50% YoY)
- EBITDA ₹1,363.75 Cr vs ₹1,296.14 Cr (▲5.21% YoY)
- PAT ₹768.66 Cr vs ₹714.66 Cr (▲7.55% YoY)
- EBITDA Margin 11.78% vs 12.83% (▼105bps)
Business Update
Positive
2026-07-31 13:48
- Jindal Stainless' Jajpur unit won three prestigious awards at the Total Quality Management (TQM) Convention 2026, organized by the Quality Circle Forum of India (QCFI), Pune Chapter.
- The awards highlight the unit's commitment to quality excellence, innovation, and operational efficiency.
- Gold Awards were received for 'Optimisation of Manganese Recovery in 200 Series' and 'Reduction of RIS Defect in 300 Series'.
- A Silver Award was received for 'Reduction of Trapezoidity in Grades 304 & EN 1.4307'.
Business Update
Positive
2026-07-31 13:48
- Jindal Stainless' Hisar unit received the Times Internet Ecopreneur Award 2026 for Lifetime Achievement in Sustainability.
- The award recognizes the company's sustained commitment to decarbonisation, resource efficiency, and responsible manufacturing.
- In Q1 FY27, the Hisar facility increased its renewable electricity share to 67% (up from 58% YoY) and achieved a 12% reduction in greenhouse gas emission intensity.
- The unit was also certified 'Zero Waste to Landfill' with a Platinum+ rating for FY 2024-25.
Business Update
Neutral
2026-07-28 19:58
- Concall Schedule
- Concall Date: 4th August 2026
- Concall Time: 4:00 PM IST
- Hosted by Anand Rathi Research for Q1FY27 earnings.
Business Update
Positive
2026-07-24 11:50
- Jindal Stainless won six awards at the 12th National Awards for Manufacturing Competitiveness.
- The Hisar unit received Gold, Diamond Medals and was 2nd Runner-Up in overall rankings.
- The Mundra unit secured a Silver Medal.
- These awards recognize the company's commitment to manufacturing excellence, digitalization, and innovation.
Business Update
Positive
2026-07-17 13:04
- Jindal Stainless supplied about 40% of the total stainless steel requirement for India's first hydrogen-powered train's coach bodies.
- The company supplied premium austenitic stainless steel grade X5CrNi1810 for this project, supporting cleaner and smarter mobility.
Business Update
Positive
2026-07-09 18:13
- Jindal Stainless' Hisar and Jajpur units won multiple CII National Awards for energy efficiency and low-carbon initiatives.
- The company implemented over 200 energy efficiency projects over the last four years.
- Achieved a cumulative emissions reduction of over 1.05 million tCO₂e across its units.
Governance
Positive
2026-06-25 15:45
- Jindal Stainless appointed Mr. Kunjal Mehta as Chief Financial Officer (CFO) effective June 25, 2026.
- Mr. Mehta, with over 25 years of experience, previously served as CFO at Adani Energy Solutions Limited.
- He will lead the company's financial strategy, growth, and value creation.
Routine
Neutral
2026-06-25 14:44
New Filing detected. See link for details.
Governance
Neutral
2026-06-25 14:18
- On June 25, 2026, the Board appointed Mr. Kunjal Mehta as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective immediately.
- Mr. Tarun Kumar Khulbe relinquished his additional CFO responsibility but continues as CEO & Whole-time Director.
- PT Glory Metal Indonesia has been re-classified from a subsidiary to an associate of the Company effective July 1, 2026, due to restoration of its original governance framework.
Governance
Neutral
2026-06-25 14:18
- Board of Directors appointed Mr. Kunjal Mehta as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective June 25, 2026.
- Mr. Tarun Kumar Khulbe relinquished his additional responsibility as CFO but continues as CEO & Whole-time Director.
- PT Glory Metal Indonesia was re-classified from a subsidiary to an associate, effective July 1, 2026, restoring its original governance framework without altering economic rights or strategic objectives.
Governance
Neutral
2026-06-25 14:14
- Board approved appointment of Mr. Kunjal Mehta as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective June 25, 2026.
- Mr. Tarun Kumar Khulbe relinquished his additional CFO responsibility, continuing in his position as CEO & Whole-time Director.
- PT Glory Metal Indonesia was re-classified from a subsidiary to an associate of the Company with effect from July 1, 2026, with the company stating no alteration to its shareholding interest, economic rights, commercial arrangements, or strategic objectives.
Governance
Neutral
2026-06-25 14:14
- Board appointed Mr. Kunjal Mehta as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective June 25, 2026.
- Mr. Tarun Kumar Khulbe relinquished CFO responsibility, continuing as CEO & Whole-time Director.
- PT Glory Metal Indonesia re-classified from a subsidiary to an associate effective July 1, 2026, reinstating original JV governance framework.
Governance
Neutral
2026-06-25 14:14
- Mr. Kunjal Mehta appointed as Chief Financial Officer (CFO) and KMP effective June 25, 2026.
- Mr. Tarun Kumar Khulbe, CEO & Whole-time Director, relinquished additional CFO responsibility, continuing as CEO & Whole-time Director.
- PT Glory Metal Indonesia re-classified as an associate from July 1, 2026, restoring its original governance framework without altering shareholding or strategic objectives.
Ownership
Positive
2026-06-23 17:36
- On June 23, 2026, Jindal Stainless Limited approved the grant of 39,608 stock options (19,804 ESOPs and 19,804 RSUs) under its Employee Stock Option Scheme, 2023.
- ESOPs are priced at ₹349/- (50% discount to June 19, 2026 market price), and RSUs at face value of ₹2/-.
- Options are exercisable over four years post vesting.
Routine
Neutral
2026-06-23 17:16
- Jindal Stainless Limited announced the closure of its Trading Window.
- Effective from July 1, 2026, in accordance with SEBI PIT Regulations.
- The window will remain closed until the second trading day after the declaration of financial results for the quarter ended June 30, 2026.
Business Update
Neutral
2026-06-16 17:50
- Investors' Meet Scheduled
- Investor: 360 One
- Date: June 19, 2026
- Mode: Virtual
Business Update
Neutral
2026-06-08 19:03
- Investors' Meet Schedule
- Event: 2026 Jefferies India Access Days
- Date: Thursday, June 11, 2026
- Location: London
Business Update
Neutral
2026-06-03 15:34
- Concall Schedule
- Event: The India Investor Conference 2026 hosted by ICICI Securities
- Concall Date: Monday, June 08, 2026
- Place: Mumbai
Governance
Positive
2026-06-01 17:14
Jindal Stainless Limited announced the appointment of Mr. Kunjal Mehta as Senior Management Personnel, effective June 1, 2026. Mr. Mehta, a qualified CA and Cost Accountant with over 25 years of experience, including as CFO of Adani Energy Solutions Limited, will have his candidature for Chief Financial Officer considered by relevant committees.
Business Update
Neutral
2026-05-25 17:54
Jindal Stainless Limited announced its management will participate in the 360 ONE Capital (B&K) Annual Investor Conference - TRINITY INDIA 2026 on Friday, May 29, 2026, in Mumbai.
Business Update
Positive
2026-05-15 16:28
Jindal Stainless Limited submitted a Corporate Presentation dated May 2026, highlighting its operational and financial performance. As of March 31, 2026, the company reported ~₹430bn in net revenue and ~₹56bn in EBITDA, with healthy net debt to equity/EBITDA ratios of 0.2x/0.5x. The presentation emphasizes its position as India's #1 and global #5 (ex-China) stainless steel producer with a 4.2 MTPA capacity, a diverse product portfolio, and robust manufacturing facilities across Odisha (2.2 MTPA) and Hisar (0.8 MTPA).
Business Update
Neutral
2026-05-13 17:41
Jindal Stainless Limited announced that its management will participate in the Motilal Oswal - Annual Singapore Corporate Day 2026 on May 18-19, 2026, in Singapore, for an investors' meet.
Business Update
Neutral
2026-05-13 17:41
Jindal Stainless Limited announced its management will participate in the Motilal Oswal - Annual Singapore Corporate Day 2026 on May 18-19, 2026, in Singapore, to meet with investors.
Business Update
Positive
2026-05-11 14:15
Jindal Stainless' Hisar plant achieved Zero Waste to Landfill (ZWTL) certification with a Platinum+ rating, verified by Bureau Veritas India Pvt. Ltd. The facility recorded a 99.99% waste diversion rate during FY 2024-25, reinforcing the company's commitment to environmental responsibility and sustainable manufacturing.
Business Update
Positive
2026-05-09 13:46
Jindal Stainless Limited (JSL) provided an outlook for FY27, guiding for 7-9% volume growth and an EBITDA per ton of INR18,000-20,000 for H1 FY27, with a review planned thereafter due to cost uncertainties. The company targets a sales volume of 3.5 million tons per annum by FY29, driven by strategic capacity expansions. Capex for FY27 is guided at INR2,600 crores. Key growth drivers include robust domestic demand from sectors like automotive, metro, and infrastructure, with stainless steel demand in passenger coaches and metro projects expected to jump 2-3x over the next 3-4 years. JSL commissioned a 1.2 MTPA melt shop in Indonesia ahead of schedule and plans further cold rolling capacity augmentation in India (INR900 crores investment). The company's consolidated net debt reduced to INR3,040 crores, improving its debt-to-EBITDA and debt-to-equity ratios. JSL is addressing challenges like geopolitical disruptions, increased fuel costs, and the temporary suspension of QCO by diversifying energy sources and expanding market reach into new export markets. A final dividend of INR3 per share was recommended for FY26.