Jindal Stain. Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 17 Aug 2026 | Ferrous Metals | Market Cap: ₹57.8K Cr
Jindal Stainless expects sales volume growth of 7% to 9% for FY27. Jindal Stainless expects FY27 volume growth of 7% to 9%.
From Jindal Stain.'s Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹701.35
Market Cap
₹57.8K Cr
P/E Ratio
17.6
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Jindal Stain. — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹11.3K Cr, net profit ₹834 Cr.
Full financials →📊 Revenue & Sales Performance
- →Jindal Stainless expects sales volume growth of 7% to 9% for FY27.
- →The company targets a sales volume of around 3.5 million tons per annum by FY29.
- →This target implies robust double-digit compounded volume growth over the next 3 years.
- →Incremental capex is planned to support this growth, including expansions in melt capacity and downstream facilities.
- →The ramp-up of the Indonesian plant and domestic expansions (such as Maharashtra downstream capacity) are key drivers.
- →Export contribution is expected to remain around 8% to 10% of increased volume despite challenges.
- →EBITDA per ton guidance is INR18,000 to INR20,000 for H1 FY27, with a potential review after 6 months depending on market conditions.
- →Overall, Jindal Stainless aims for steady growth supported by investments aligned with demand in key sectors.
📈 Profitability & Margins
- →Jindal Stainless expects FY27 volume growth of 7% to 9%.
- →EBITDA per ton guidance for H1 FY27 is INR18,000 to INR20,000; may be revised post H1 based on market conditions.
- →The company targets a total sales volume of 3.5 million tons per annum by FY29, implying robust double-digit CAGR over the next 3 years.
- →Capex of around INR2,600 crores is planned for FY27 to support capacity expansions, including Indonesian melt shop and downstream facilities in India.
- →Focus on value-added products and increased 400 series volumes are expected to drive higher EBITDA per ton.
- →Stable and resilient performance is expected despite external uncertainties, supported by agile business models and cost competitiveness.
- →Continued reduction in net debt and strong balance sheet expected to support incremental growth investments.
- →Dividend payout for FY26 totals nearly INR330 crores, reflecting confidence in profitability and cash flow.
🏗️ Capital Expenditure Plans
- →The company is progressing on an announced capex plan, including:
- → - 1.2 million tons per annum stainless steel melt shop in Indonesia, commissioned ahead of schedule.
- → - Expansion of total melting capacity to 4.2 million tons per annum (3 million tons in India).
- → - Downstream expansion in India:
- → - Upcoming commissioning of 1.1 million tons per annum HRAP line at Jajpur.
- → - 0.17 million tons per annum CRAP line at Jajpur.
- → - Additional INR900 crores committed for augmenting cold rolling capacities at Hisar and Kharagpur.
- →Maharashtra facility:
- → - Ongoing land acquisition for expansion.
- → - Plan to start with downstream capacity followed by upstream.
- → - Capex guidance for FY27 is around INR2,600 crores; FY28 capex to be announced later.
- →Focus on integrating downstream operations for enhanced value-added capabilities.
- →Investments aligned to target sales volume of 3.5 million tons per annum by FY29.
💰 Fundraising & Capital Structure
- →The transcript does not mention any current or planned fundraising through debt or equity.
- →Strong financial health is highlighted, with net debt reduced to INR3,040 crores and a net debt-to-EBITDA ratio of 0.55x as of March 31, 2026.
- →Capex plans are funded and progressing well, including INR2,600 crores capex guidance for FY27.
- →No explicit statements about issuing new debt or equity for fundraising purposes during the call.
- →The company focuses on disciplined financial management, maintaining balance sheet strength while advancing expansions.
📋 Order Book & Pipeline
Key Metrics
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What Jindal Stain.'s management said in earlier quarters
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Frequently Asked Questions
What were Jindal Stain. Q4 FY26 results?
Jindal Stainless expects sales volume growth of 7% to 9% for FY27. Jindal Stainless expects FY27 volume growth of 7% to 9%.
What is Jindal Stain. share price analysis?
Jindal Stain. currently shows a neutral. The stock trades at a P/E of 17.6 with a market cap of ₹57,821 Cr. Investors should review the full earnings analysis for detailed insights.
Is Jindal Stain. planning capital expenditure?
The company is progressing on an announced capex plan, including: - 1.2 million tons per annum stainless steel melt shop in Indonesia, commissioned ahead of schedule.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.