Jindal Steel & Power Limited
JINDALSTEL
Rank in Stocks
#1826
Jindal Steel & Power Limited (JSPL) is a prominent Indian conglomerate with... Jindal Steel & Power Limited (JSPL) is a prominent Indian conglomerate with extensive operations spanning the steel, power generation, mining, and infrastructure development sectors, both within India and internationally. The company's core business segment, Iron and Steel Products, offers a diverse array of items. This includes specialized track and crane rails, along with flash-butt welded rail panels. JSPL manufactures hot-rolled parallel flange beams and column sections, essential for major construction endeavors such as refineries, metropolitan rail systems, airports, elevated roadways, power facilities, highways, shopping centers, and high-rise buildings. Its product range also features discrete and cut-to-length plates, as well as hot-rolled coils, utilized in general engineering, structural fabrication, railway rolling stock, pressure vessels, boilers, oil and gas pipelines, bridges, shipbuilding, heavy earthmoving equipment, wind power generators, and defense applications. Furthermore, JSPL supplies angles and channels for infrastructure, industrial, and light construction; TMT rebars; wire rods; round bars; and various fabricated sections. Innovative suspended concrete flooring systems are also provided, adaptable for steel frame structures, RCC frame buildings, poured in-situ or precast concrete frames, light gauge steel frames, and conventional structural brick walls. The division additionally produces semi-finished goods for the pipe industry, integrated mills, and rolling facilities, alongside coal-based sponge iron products. Beyond manufacturing, JSPL is actively involved in resource extraction, operating coal and iron ore mines located across India and in various international sites. In the power sector, the company owns and manages a substantial 3400 MW thermal power plant in Tamnar, Chhattisgarh. It also ensures power transmission via a 258 KM long, 400 KV double circuit transmission line that feeds electricity into India's National Grid. The "Others" segment expands JSPL's offerings to include cement production under its "Jindal Panther" brand. This segment also provides comprehensive structural steel fabrication and project management services for the construction of steel buildings, alongside offering bespoke engineering solutions tailored to specific construction requirements. Jindal Steel & Power Limited, founded in 1979, maintains its corporate headquarters in New Delhi, India.
Share Price
$11.50
Last synced: 2026-10-19
Market Cap
$11.70B
Change (1 day)
0.17%
Change (1 year)
0.47%
Country
IN
Trade Jindal Steel & Power Limited (JINDALSTEL)
Category
Basic Materials
P/E ratio for Jindal Steel & Power Limited (JINDALSTEL)
P/E ratio as of October 2026 TTM: 38.63
According to Jindal Steel & Power Limited latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 38.63. At the end of 2024 the company had a P/E ratio of 14.68.
P/E ratio history for Jindal Steel & Power Limited from 2005 to 2026
P/E ratio at the end of each year
| Year | P/E Ratio | Change |
|---|---|---|
| 2026 (TTM) | 38.63 | 19.24% |
| 2025 | 32.40 | 120.68% |
| 2024 | 14.68 | -15.12% |
| 2023 | 17.30 | 117.27% |
| 2022 | 7.96 | 40.98% |
| 2021 | 5.65 | -107.39% |
| 2020 | -76.41 | 585.67% |
| 2019 | -11.14 | -20.29% |
| 2018 | -13.98 | 192.08% |
| 2017 | -4.79 | 50.53% |
| 2016 | -3.18 | -74.18% |
| 2015 | -12.31 | -180.14% |
| 2014 | 15.37 | 30.19% |
| 2013 | 11.80 | -13.67% |
| 2012 | 13.67 | -25.69% |
| 2011 | 18.40 | -5.24% |
| 2010 | 19.42 | 189.52% |
| 2009 | 6.71 | -75.77% |
| 2008 | 27.68 | 143.24% |
| 2007 | 11.38 | 2.85% |
| 2006 | 11.07 | 77.92% |
| 2005 | 6.22 | 0.00% |
P/E ratio for similar companies or competitors
| Company | P/E Ratio | P/E Ratio Difference | Country |
|---|---|---|---|
| 20.49 | -46.97% |
US
|
|
| 26.40 | -31.66% |
LU
|
|
| 21.94 | -43.20% |
US
|
|
| 11.71 | -69.69% |
IN
|
|
| 19.88 | -48.54% |
IN
|
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share.
A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.