Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Jindal Stainless Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 9,765 | 10,184 | 9,797 | 9,127 | 9,454 | 9,430 | 9,777 | 9,907 | 10,198 | 10,207 | 10,893 | 10,518 | 11,337 |
| Expenses + | 8,621 | 8,992 | 8,566 | 7,881 | 8,419 | 8,219 | 8,590 | 8,714 | 9,165 | 8,911 | 9,519 | 9,110 | 9,882 |
| Operating Profit | 1,144 | 1,192 | 1,231 | 1,246 | 1,035 | 1,210 | 1,186 | 1,193 | 1,033 | 1,296 | 1,374 | 1,408 | 1,455 |
| OPM % | 12% | 12% | 13% | 14% | 11% | 13% | 12% | 12% | 10% | 13% | 13% | 13% | 13% |
| Other Income + | 78 | 76 | 140 | 52 | 53 | 51 | 47 | 99 | 87 | 69 | 107 | 77 | 84 |
| Interest | 83 | 100 | 156 | 146 | 153 | 143 | 159 | 161 | 150 | 144 | 141 | 134 | 149 |
| Depreciation | 181 | 188 | 222 | 236 | 233 | 232 | 241 | 242 | 241 | 252 | 262 | 269 | 278 |
| Profit before tax | 957 | 981 | 993 | 917 | 702 | 886 | 834 | 890 | 729 | 969 | 1,078 | 1,082 | 1,112 |
| Tax % | 25% | 25% | 23% | 25% | 29% | 27% | 27% | 26% | 19% | 26% | 25% | 24% | 25% |
| Net Profit + | 716 | 738 | 764 | 691 | 501 | 646 | 609 | 654 | 590 | 715 | 808 | 828 | 834 |
| EPS in Rs | 9.30 | 9.06 | 9.40 | 8.41 | 6.08 | 7.87 | 7.42 | 7.95 | 7.17 | 8.67 | 9.79 | 10.05 | 10.23 |
Financials of Jindal Stainless Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 6,933 | 7,144 | 9,279 | 11,638 | 13,557 | 12,951 | 12,188 | 32,733 | 35,697 | 38,562 | 39,312 | 42,955 |
| Expenses + | 6,564 | 6,571 | 8,113 | 10,294 | 12,392 | 11,819 | 10,764 | 27,642 | 32,111 | 34,052 | 34,844 | 37,394 |
| Operating Profit | 368 | 573 | 1,166 | 1,343 | 1,165 | 1,132 | 1,424 | 5,090 | 3,586 | 4,511 | 4,469 | 5,560 |
| OPM % | 5% | 8% | 13% | 12% | 9% | 9% | 12% | 16% | 10% | 12% | 11% | 13% |
| Other Income + | 1,238 | -14 | 63 | 62 | 45 | 44 | 148 | 171 | 236 | 515 | 438 | 310 |
| Interest | 942 | 1,030 | 788 | 566 | 637 | 586 | 480 | 344 | 325 | 554 | 612 | 568 |
| Depreciation | 411 | 316 | 325 | 320 | 352 | 425 | 403 | 759 | 724 | 879 | 956 | 1,060 |
| Profit before tax | 253 | -788 | 116 | 520 | 222 | 165 | 690 | 4,159 | 2,774 | 3,592 | 3,339 | 4,242 |
| Tax % | 0% | -29% | 28% | 34% | 35% | 56% | 39% | 25% | 25% | 25% | 25% | 25% |
| Net Profit + | 253 | -556 | 83 | 346 | 145 | 73 | 419 | 3,109 | 2,084 | 2,693 | 2,500 | 3,185 |
| EPS in Rs | 11.17 | -24.05 | 2.04 | 7.16 | 2.97 | 1.46 | 8.60 | 58.59 | 25.68 | 32.95 | 30.41 | 38.74 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 10% | 9% | 10% | 10% |
Financials of Jindal Stainless Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 45 | 46 | 80 | 96 | 96 | 97 | 97 | 105 | 165 | 165 | 165 | 165 |
| Reserves | -214 | 1,666 | 1,734 | 2,369 | 2,495 | 2,620 | 3,108 | 9,718 | 11,766 | 14,193 | 16,523 | 19,626 |
| Borrowings + | 11,289 | 10,347 | 5,888 | 5,015 | 4,388 | 3,903 | 3,230 | 4,007 | 3,958 | 6,052 | 6,402 | 7,460 |
| Other Liabilities + | 2,898 | 2,798 | 3,208 | 3,354 | 3,736 | 4,057 | 4,300 | 8,746 | 11,226 | 10,355 | 12,827 | 13,452 |
| Total Liabilities | 14,018 | 14,858 | 10,909 | 10,834 | 10,715 | 10,678 | 10,735 | 22,576 | 27,115 | 30,765 | 35,917 | 40,704 |
| Fixed Assets + | 7,552 | 6,863 | 6,609 | 6,342 | 6,345 | 6,181 | 5,855 | 8,646 | 9,961 | 13,254 | 14,800 | 18,233 |
| CWIP | 144 | 70 | 29 | 144 | 29 | 15 | 58 | 525 | 773 | 1,112 | 1,783 | 1,790 |
| Investments | 14 | 393 | 404 | 439 | 454 | 449 | 456 | 626 | 970 | 1,246 | 1,646 | 1,547 |
| Other Assets + | 6,308 | 7,532 | 3,868 | 3,909 | 3,887 | 4,033 | 4,365 | 12,779 | 15,411 | 15,152 | 17,688 | 19,133 |
| Total Assets | 14,018 | 14,858 | 10,909 | 10,834 | 10,715 | 10,678 | 10,735 | 22,576 | 27,115 | 30,765 | 35,917 | 40,704 |
Financials of Jindal Stainless Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 554 | 966 | 5,115 | 1,452 | 1,419 | 1,180 | 1,308 | 1,038 | 3,096 | 4,818 | 4,718 | 3,395 |
| Cash from Investing Activity + | -1 | 1,053 | -30 | -194 | -192 | -186 | -152 | -985 | -2,480 | -3,229 | -3,433 | -3,506 |
| Cash from Financing Activity + | -580 | -1,972 | -5,106 | -1,257 | -1,237 | -991 | -1,119 | 101 | -386 | -829 | -1,882 | -112 |
| Net Cash Flow | -28 | 47 | -21 | 1 | -11 | 4 | 37 | 154 | 229 | 760 | -597 | -223 |
| Free Cash Flow | 556 | 798 | 5,057 | 1,258 | 1,213 | 1,006 | 1,145 | 70 | 1,448 | 3,367 | 2,890 | 755 |
| CFO/OP | 139% | 166% | 441% | 107% | 122% | 104% | 91% | 37% | 107% | 123% | 119% | 79% |
Financials of Jindal Stainless Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 48 | 35 | 28 | 25 | 20 | 28 | 43 | 37 | 27 | 29 | 26 |
| Inventory Days | 147 | 154 | 133 | 116 | 96 | 117 | 130 | 116 | 125 | 108 | 132 | 122 |
| Days Payable | 104 | 143 | 119 | 104 | 99 | 113 | 123 | 98 | 117 | 95 | 124 | 106 |
| Cash Conversion Cycle | 101 | 59 | 50 | 41 | 22 | 23 | 35 | 61 | 46 | 41 | 36 | 42 |
| Working Capital Days | 29 | 75 | -77 | -20 | -19 | -24 | -2 | 33 | 30 | 23 | 12 | 5 |
| ROCE % | -0% | 2% | 9% | 14% | 12% | 11% | 16% | 44% | 21% | 22% | 18% | 19% |