JINDALSTEL.NS Jindal Steel Limited
INR·Price 1132.40·Mkt cap 1.15TComputed from the latest reported financials and the current market price.
Who's the real player?
A genuine play on this theme — most of its business sits right here.
Is the business healthy?
Shaky fundamentals — weak cash generation or a stretched balance sheet. Tread carefully.
- ⚠Weak FCF conversion (<50% of net income turns into free cash)
- ⚠Receivables growing much faster than revenue (channel-stuffing risk)
- Strong growth quality
- Attractive valuation
- Positive Piotroski score
Are the smart people buying?
No ownership-change data for this stock. Conviction is judged from capex and buyback signals alone.
- Promoter/insider stake remains high
- Insider net buys indicate confidence
- Institutional ownership stable
What is management saying?
No earnings-call transcript or filings found for this stock.
Is the price right?
DCF not meaningful here — the model implies a non-positive equity value (high debt / weak free cash flow).
Through the masters' eyes
Each investor's numeric rules, checked against this stock's metrics: exact math, no guesswork. Tap one to see which rules pass, fail, and what to judge yourself.
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Passes 2 of 4 of Charlie Munger's numeric checks. Still judge the non-numeric criteria below for yourself.
- Conservative leverage (D/E ≤ 1.0) — now 0.44
- Trades below intrinsic value (margin of safety ≥ 0) — now 791%
- High returns on capital (ROCE ≥ 15%) — now 8.1%
- ROE ≥ 15% — now 6.6%
- A high-quality, understandable business
- A durable moat
- Management of integrity
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Passes 1 of 2 of Peter Lynch's numeric checks. Still judge the non-numeric criteria below for yourself.
- Manageable debt (D/E ≤ 1.0) — now 0.44
- Solid liquidity (current ratio ≥ 1.5) — now 1.25
- A simple business you understand
- Which 'type' it is (fast grower, stalwart, cyclical…)
- A believable growth story
Couldn't check from available data: PEG ≤ 1 (growth cheap vs price) — not available; Earnings growth ≥ 15% — not available
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Passes 2 of 4 of Radhakishan Damani's numeric checks. Still judge the non-numeric criteria below for yourself.
- Very low debt (D/E ≤ 0.5) — now 0.44
- Positive net margin — now 6.3%
- High returns on capital (ROCE ≥ 18%) — now 8.1%
- Consistent revenue (consistency ≥ 80%) — now 75.9%
- A durable consumer franchise
- Pricing power
- A long runway, bought patiently
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Passes 1 of 2 of Raamdeo Agrawal's numeric checks. Still judge the non-numeric criteria below for yourself.
- Longevity: revenue consistency ≥ 70% — now 75.9%
- Quality: ROCE ≥ 18% — now 8.1%
- Durability of the growth (longevity)
- Quality and honesty of management
Couldn't check from available data: Growth: earnings CAGR ≥ 15% — not available; Price: PEG ≤ 2 — not available
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Passes 1 of 2 of Vijay Kedia's numeric checks. Still judge the non-numeric criteria below for yourself.
- Manageable debt (D/E ≤ 1.0) — now 0.44
- ROE ≥ 15% — now 6.6%
- Ambitious, capable management
- A small company with a large opportunity
- Patience to hold for years
Couldn't check from available data: Strong earnings growth ≥ 20% — not available
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Passes 2 of 5 of Warren Buffett's numeric checks. Still judge the non-numeric criteria below for yourself.
- Conservative leverage (D/E ≤ 1.0) — now 0.44
- Trades below intrinsic value (margin of safety ≥ 0) — now 791%
- ROE ≥ 15% — now 6.6%
- Net margin ≥ 10% — now 6.3%
- Positive free cash flow — now -4.4%
- A business you can understand
- A durable competitive moat
- Honest, capable management
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Passes 2 of 6 of Benjamin Graham's numeric checks. Still judge the non-numeric criteria below for yourself.
- Debt below equity (D/E ≤ 1.0) — now 0.44
- Financially safe (Altman Z ≥ 3) — now 3.24
- P/E ≤ 15 — now 34.05
- P/B ≤ 1.5 — now 2.25
- Graham number: P/E × P/B ≤ 22.5 — now 76.6
- Strong liquidity (current ratio ≥ 1.5) — now 1.25
- A long record of stable earnings
- An uninterrupted dividend history
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Passes 1 of 3 of Rakesh Jhunjhunwala's numeric checks. Still judge the non-numeric criteria below for yourself.
- Conservative leverage (D/E ≤ 1.0) — now 0.44
- ROE ≥ 18% — now 6.6%
- Net margin ≥ 10% — now 6.3%
- A large, scalable opportunity
- Trustworthy, ambitious management
- Conviction to hold through volatility
Couldn't check from available data: Earnings growth ≥ 15% — not available
Financial statements (INR)
↗ sourceCash-flow lines highlighted — we trust cash over reported profit.
| Line | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 534.55B | 501.29B | 419.23B | 663.20B | — |
| Operating income | 64.88B | 67.27B | 73.56B | 70.75B | — |
| EBITDA | 91.01B | 84.23B | 103.44B | 84.91B | — |
| Net income | 33.67B | 28.12B | 59.38B | 39.74B | — |
| Operating cash flow | 72.04B | 108.24B | 60.08B | 73.47B | — |
| Capex | -95.74B | -106.07B | -85.17B | -64.48B | — |
| Free cash flow | -23.70B | 2.17B | -25.09B | 8.99B | — |
| Total assets | 977.62B | 858.39B | 787.15B | 694.42B | — |
| Total equity | 508.99B | 471.85B | 443.16B | 387.07B | — |
| Total debt | 226.10B | 184.06B | 164.72B | 130.46B | — |
| Cash & equivalents | 18.90B | 24.76B | 32.89B | 41.83B | — |