Jindal Stainless Share Price Target 2024, 2025 to 2030

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Jindal Stainless, a premier stainless steel manufacturer in India, recorded an impressive annual turnover of INR 35,700 crore (USD 4.30 billion) in FY23, underpinned by a substantial melt capacity of 3 million tonnes. With operations spanning seven manufacturing facilities across India and internationally, including in Spain and Indonesia, the company boasts a global footprint across 15 countries. In India alone, Jindal Stainless operates ten sales offices and six service centers, offering a diverse product range encompassing slabs, coils, plates, sheets, wire rods, and more.

The company’s integrated operations afford it a competitive advantage in terms of cost and efficiency, positioning it as a key player in the global stainless steel market. Established in 1970, Jindal Stainless is deeply committed to innovation, social responsibility, and industry-leading safety standards.

Embracing sustainability as a core value, Jindal Stainless employs scrap in electric arc furnaces for stainless steel production, thereby promoting 100% recyclability and minimizing greenhouse gas emissions. With ambitious environmental goals, the company aims to reduce carbon emission intensity by 50% before FY 2035 and ultimately achieve Net Zero emissions by 2050.

Jindal Stainless Q4 FY24 Results: Summary and key Points

Net Profit Decline: Jindal Stainless Ltd (JSL) experienced a 34.6% year-on-year decline in net profit for Q4FY24, dropping to ₹500.7 crore from ₹765.8 crore in the same period last year.
Revenue Decrease: The company’s revenue from operations fell by 3.2% to ₹9,454 crore in Q4FY24 compared to ₹9,765 crore in the corresponding quarter of the previous fiscal year.
EBITDA Drop: Operating level EBITDA decreased by 9.5% to ₹1,035.2 crore in Q4FY24, down from ₹1,143.9 crore in Q4FY23.
EBITDA Margin: The EBITDA margin for the reporting quarter stood at 11%, compared to 11.7% in the year-ago period.
Dividend Declared: The board recommended a final dividend of ₹2 per equity share for FY24, subject to shareholder approval at the 44th annual general meeting, aggregating to ₹3 per equity share including the interim dividend of ₹1 per share.
Net Debt Reduction: As of March 31, 2024, net debt decreased by 22% over the previous quarter to ₹2,418 crore, improving the net debt-to-equity ratio to 0.18.
Sales Volume Growth: JSL recorded a 12% year-on-year increase in sales volume for Q4FY24, totaling 5,70,362 tonnes, the highest for any quarter.
Revenue Growth: Net revenue grew marginally to ₹9,521 crore, supported by strong domestic demand.
Market Reaction: Shares of Jindal Stainless Ltd ended at ₹685 on the BSE, down by ₹26.40 or 3.71% following the results announcement.
Management Commentary: Abhyuday Jindal, Managing Director of Jindal Stainless, emphasized the company’s alignment with the Indian growth story and highlighted the achievement of growth projections and expansion plans.

How to Purchase Jindal Stainless Shares in India?

Below are the trading platforms that you can use to purchase Jindal Stainless shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Jindal Stainless Share Price Prediction: 2024, 2025 to 2030

Jindal Stainless Share Price Target 2024

When	Maximum Price	Minimum Price
May 2024	692.60	602.26
June 2024	717.54	623.95
July 2024	710.36	617.71
August 2024	738.78	642.41
September 2024	768.33	668.11
October 2024	753.26	655.01
November 2024	783.39	681.21
December 2024	791.23	688.02

In May 2024, the maximum price of Jindal Stainless shares is expected to reach ₹692.60, while the minimum price is projected to be ₹602.26. As we progress into June, the maximum price is anticipated to rise to ₹717.54, with the minimum price increasing to ₹623.95. Continuing into July, the maximum and minimum prices are forecasted to be ₹710.36 and ₹617.71, respectively. August sees further growth, with the maximum price expected to reach ₹738.78 and the minimum price to reach ₹642.41. September continues this upward trend, with the maximum price likely reaching ₹768.33 and the minimum price rising to ₹668.11. October sees a slight fluctuation, with the maximum and minimum prices projected at ₹753.26 and ₹655.01, respectively. As we approach November, the maximum price is forecasted to climb to ₹783.39, while the minimum price is expected to reach ₹681.21. Finally, by December 2024, Jindal Stainless shares are anticipated to reach their highest point of the year, with the maximum price likely to be ₹791.23 and the minimum price projected to be ₹688.02.

Jindal Stainless Share Price Prediction 2025

When	Maximum Price	Minimum Price
January 2025	799.14	614.72
February 2025	807.21	620.93
March 2025	824.16	633.97
April 2025	816.00	627.69
May 2025	792.24	609.41
June 2025	827.89	636.84
July 2025	811.65	624.35
August 2025	836.76	643.66
September 2025	846.80	651.38
October 2025	868.81	668.32
November 2025	890.53	685.03
December 2025	930.61	715.85

In January 2025, Jindal Stainless shares are projected to reach a maximum price of ₹799.14 and a minimum price of ₹614.72. By December 2025, the trend continues with prices forecasted to rise to a maximum of ₹930.61 and a minimum of ₹715.85.

Jindal Stainless Share Price Target 2026

When	Maximum Price	Minimum Price
January 2026	958.53	737.33
February 2026	934.56	718.89
March 2026	953.25	733.27
April 2026	972.71	748.24
May 2026	963.08	740.83
June 2026	987.15	759.35
July 2026	967.80	744.46
August 2026	997.73	767.49
September 2026	1,017.69	782.84
October 2026	1,044.15	803.19
November 2026	1,070.25	823.27
December 2026	1,097.01	843.85

Jindal Stainless Share Price Target 2027

When	Maximum Price	Minimum Price
January 2027	1,107.98	852.29
February 2027	1,136.38	874.14
March 2027	1,180.70	908.23
April 2027	1,157.55	890.43
May 2027	1,123.84	864.49
June 2027	1,174.41	903.39
July 2027	1,151.38	885.68
August 2027	1,186.99	913.07
September 2027	1,228.54	945.03
October 2027	1,260.48	969.60
November 2027	1,291.99	993.84
December 2027	1,324.29	1,018.69

Jindal Stainless Share Price Target 2028

When	Maximum Price	Minimum Price
January 2028	1,350.78	1,039.06
February 2028	1,385.41	1,065.70
March 2028	1,439.44	1,107.26
April 2028	1,411.22	1,085.55
May 2028	1,370.12	1,053.93
June 2028	1,431.77	1,101.36
July 2028	1,403.70	1,079.77
August 2028	1,447.11	1,113.16
September 2028	1,497.76	1,152.12
October 2028	1,536.70	1,182.08
November 2028	1,575.12	1,211.63
December 2028	1,614.50	1,241.92

Jindal Stainless Share Price Target 2029

When	Maximum Price	Minimum Price
January 2029	1,646.79	1,266.76
February 2029	1,689.01	1,299.24
March 2029	1,754.88	1,349.91
April 2029	1,720.47	1,323.44
May 2029	1,670.36	1,284.89
June 2029	1,745.53	1,342.71
July 2029	1,711.30	1,316.39
August 2029	1,764.23	1,357.10
September 2029	1,825.98	1,404.60
October 2029	1,873.45	1,441.12
November 2029	1,920.29	1,477.15
December 2029	1,968.30	1,514.07

Jindal Stainless Share Price Prediction 2030

When	Maximum Price	Minimum Price
January 2030	2,007.66	1,544.36
February 2030	2,059.14	1,583.95
March 2030	2,139.45	1,645.73
April 2030	2,097.50	1,613.46
May 2030	2,036.41	1,566.47
June 2030	2,128.04	1,636.96
July 2030	2,086.32	1,604.86
August 2030	2,150.84	1,654.49
September 2030	2,226.12	1,712.40
October 2030	2,284.00	1,756.92
November 2030	2,341.10	1,800.85
December 2030	2,399.63	1,845.87

Financial Condition of Jindal Stainless: Last 5 Years

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	12,951	12,188	32,733	35,697	38,562
Expenses +	11,819	10,764	27,642	32,111	33,858
Operating Profit	1,132	1,424	5,090	3,586	4,704
OPM %	9%	12%	16%	10%	12%
Other Income +	44	148	171	236	321
Interest	586	480	344	325	554
Depreciation	425	403	759	724	879
Profit before tax	165	690	4,159	2,774	3,592
Tax %	56%	39%	25%	25%	25%
Net Profit +	73	419	3,109	2,084	2,693
EPS in Rs	1.46	8.6	58.59	25.68	32.95
Dividend Payout %	0%	0%	0%	10%	9%

Jindal Stainless has demonstrated a commendable performance in its financial metrics over the past five years, reflecting a robust growth trajectory and sound financial management. The company witnessed substantial sales growth, soaring from ₹12,951 crore in FY20 to ₹38,562 crore in FY24, supported by efficient cost management strategies and operational scalability. Despite the rise in operating expenses, which increased from ₹11,819 crore to ₹33,858 crore over the same period, Jindal Stainless maintained a strong operating profit margin, improving from 9% to 12%. Additionally, the company reported consistent growth in other income, contributing significantly to overall profitability. Despite fluctuations in interest expenses, Jindal Stainless demonstrated a remarkable increase in profit before tax, soaring from ₹165 crore to ₹3,592 crore, and net profit surged from ₹73 crore to ₹2,693 crore. The substantial growth in earnings per share from ₹1.46 to ₹32.95 underscores enhanced shareholder value. Furthermore, the company’s dividend payout ratio, initiated in FY23 at 10% and slightly reduced to 9% in FY24, reflects a balanced approach towards rewarding shareholders while reinvesting profits for sustainable growth.

FAQs

What is the current market capitalization of Jindal Stainless Ltd?

Jindal Stainless Ltd’s current market capitalization stands at ₹55,364 Crores.

What are the expected share price targets for Jindal Stainless in 2025?

Jindal Stainless’s share price targets for 2025 range from ₹614.72 to ₹930.61, highlighting promising growth prospects over the months.

What are the projected share price targets for Jindal Stainless in 2030?

By 2030, Jindal Stainless’s share price is anticipated to reach between ₹1,544.36 and ₹2,399.63, demonstrating substantial potential for long-term investment gains.

What is the current Price-to-Earnings (P/E) ratio of Jindal Stainless Ltd?

Jindal Stainless Ltd’s current Price-to-Earnings (P/E) ratio is 21.1, indicating an attractive valuation relative to its earnings.

What is the dividend payout percentage for Jindal Stainless Ltd?

Currently, Jindal Stainless Ltd offers a dividend yield of 9%, aligning with its growth-oriented investment strategy.

What is the book value of Jindal Stainless Ltd’s shares?

The book value of Jindal Stainless Ltd’s shares is ₹174, representing a solid foundation for investor value.

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Conclusion:

Despite a decline in net profit in Q4FY24, Jindal Stainless has demonstrated resilience and robustness in its operational performance. The company’s net profit for Q4FY24 amounted to ₹500.7 crore, reflecting a 34.6% year-on-year decline compared to ₹765.8 crore in the same period last year. Additionally, the company’s revenue from operations fell by 3.2% in Q4FY24, reaching ₹9,454 crore against ₹9,765 crore in the corresponding quarter of the previous fiscal year. Despite these challenges, Jindal Stainless remains committed to enhancing shareholder value, as evidenced by the declaration of a final dividend of ₹2 per equity share for the financial year ended March 31, 2024. Moreover, the significant reduction in net debt to ₹2,418 crore as of March 31, 2024, reflects prudent financial management and a strengthened balance sheet. With a strong foundation built on innovation, sustainability, and operational efficiency, coupled with strategic expansion plans, Jindal Stainless remains well-positioned to capitalize on emerging opportunities and drive sustainable growth in the stainless steel industry.

Ashnoor Khurana