Jindal Stainless Limited (JSL.NS) stock analysis

In our weekly check, Jindal Stainless Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 3, red flags: 5.

About Jindal Stainless Limited

Jindal Stainless Limited is a Basic Materials company (Steel) based in India, listed on NSE as JSL.NS.

What our checks show for JSL.NS

Red flags

• Operating profit does not cover the interest bill (0.1x): interest is paid from cash or new debt.
• The gross margin fell by 17 points, to 17.5%: costs are rising faster than prices.
• The dividend takes 729% of profit: little cushion if profit falls.
• The stock has fallen as much as 89% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 8.3 years.

Warning signs

• The net margin fell by 2 points over 5 years, to 7.4%: the company keeps less of each sale as profit.
• The net margin is only 7.4%: little room if costs rise.
• Free cash flow is only 1.2% of revenue.

Strengths

• Net debt is only 0.8x a year of EBITDA: the balance sheet has room.
• Analysts expect earnings per share to grow about 14.1% a year over the next years.
• Earnings per share grew 14.7% a year over the last 3 years.
• Net profit grew 14.7% a year over the last 3 years.
• Beta 0.56: the stock usually moves less than the market.
• Return on capital (ROCE) is 16.4%: the business earns well on the money put into it.

Similar companies

NMDC.BO · APLAPOLLO.NS · 2002.TW · JINDALSTEL.NS · 5411.T · EREGL.IS

Questions

What grade does Jindal Stainless Limited (JSL.NS) have?

In our weekly check, Jindal Stainless Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 3, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of JSL.NS stock?

This week's biggest flags for Jindal Stainless Limited: Weak interest cover, Gross margin falling, Dividend stretched. In total 8 of 25 checks show a warning or a red flag.

What does Jindal Stainless Limited do?

Jindal Stainless Limited is a Basic Materials company (Steel) based in India, listed on NSE as JSL.NS.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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