−16% from the high · +13% from the low
Short build-up into a 26-day expiry: futures OI +0.7% on a −3.0% day, the most call OI sits at 1,140, the most put OI at 1,080, max pain 1,140.
JINDALSTEL futures closed at ₹1,101.30, +0.1% to spot, with 98% of open interest in the 27 Oct contract, and the 1,100 straddle prices a move of about ±5.7% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹1,101.30 | +0.80+0.1% | +1.0% | 24,000▲ +0.7% · +180 lots | 98 | 2,800 |
| 23 Nov53 days | ₹1,106.80 | +6.30+0.6% | +3.9% | 3900.0% · 0.00 lots | 1.6 | 65 |
| 29 Dec89 days | ₹1,111.00 | +10.50+0.9% | +3.9% | 12▲ +50.0% · +4.0 lots | 0.05 | 22 |
1.6% of futures OI sits beyond the 27 Oct contract · 25 of 36 listed contracts traded · 19,000 option contracts changed hands
The 1,100 straddle closed at ₹62.95 (call 32.15 + put 30.80), pricing a move of about ±5.7% by the 27 Oct expiry. In the last 253 windows of 19 sessions, JINDALSTEL moved more than that 120 times.
After the last 8 bulletins, JINDALSTEL closed higher five sessions later in 8 of 8.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 28 JulJindal Steel receives credit rating upgrade to AA+ | ▼ −1.1%Nifty 0.0% · −1.0 pp | ▲ +2.2%Nifty +1.1% · +1.1 pp | ▲ +5.5%Nifty +2.6% · +2.9 pp | ▲ +2.8%short build-up |
| 26 JulJindal Steel pioneers coal gasification for steelmaking | ▲ +2.9%Nifty +1.0% · +1.9 pp | ▲ +1.8%Nifty +0.9% · +0.9 pp | ▲ +6.7%Nifty +4.2% · +2.5 pp | ▼ −3.2%short covering |
| 26 JulJindal Steel focuses on capacity expansion and cost reduction | ▲ +2.9%Nifty +1.0% · +1.9 pp | ▲ +1.8%Nifty +0.9% · +0.9 pp | ▲ +6.7%Nifty +4.2% · +2.5 pp | ▼ −3.2%short covering |
| 26 JulJindal Steel pioneers coal gasification for steelmaking | ▲ +2.9%Nifty +1.0% · +1.9 pp | ▲ +1.8%Nifty +0.9% · +0.9 pp | ▲ +6.7%Nifty +4.2% · +2.5 pp | ▼ −3.2%short covering |
| 26 JulJindal Steel plans capacity expansion and cost reduction | ▲ +2.9%Nifty +1.0% · +1.9 pp | ▲ +1.8%Nifty +0.9% · +0.9 pp | ▲ +6.7%Nifty +4.2% · +2.5 pp | ▼ −3.2%short covering |
| 25 JulJindal Steel revamps leadership with Sharma's return as MD | ▲ +2.9%Nifty +1.0% · +1.9 pp | ▲ +1.8%Nifty +0.9% · +0.9 pp | ▲ +6.7%Nifty +4.2% · +2.5 pp | ▼ −3.2%short covering |
| 25 JulJindal Steel revamps leadership with Sharma's return as MD | ▲ +2.9%Nifty +1.0% · +1.9 pp | ▲ +1.8%Nifty +0.9% · +0.9 pp | ▲ +6.7%Nifty +4.2% · +2.5 pp | ▼ −3.2%short covering |
| 17 JulJindal Steel pioneers coal gasification for steelmaking | ▼ −0.3%Nifty +1.1% · −1.4 pp | ▲ +0.5%Nifty +0.7% · −0.2 pp | ▲ +0.8%Nifty −1.3% · +2.0 pp | ▲ +0.9%short build-up |
Revenue ₹15,482 cr, +26% on a year earlier; profit ₹844 cr, −44% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 24 Jul | ₹15,482 cr | ▲ +26% | ₹844 cr | ▼ −44% | 8.34 | ▲ +2.9%Nifty +1.0% · +1.9 pp |
| Mar 2026filed 1 May · audited | ₹16,218 cr | ▲ +23% | ₹1,041 cr | — | 10.30 | ▲ +3.1%Nifty +0.5% · +2.6 pp |
| Dec 2025filed 30 Jan | ₹13,027 cr | ▲ +11% | ₹189 cr | ▼ −80% | 1.88 | ▼ −2.6%Nifty −2.0% · −0.7 pp |
| Sept 2025filed 28 Oct | ₹11,686 cr | ▲ +4.2% | ₹635 cr | ▼ −26% | 6.28 | ▼ −0.3%Nifty +0.5% · −0.7 pp |
| Jun 2025filed 12 Aug | ₹12,294 cr | ▼ −9.7% | ₹1,496 cr | ▲ +12% | 14.73 | ▼ −0.2%Nifty +0.5% · −0.8 pp |
| Mar 2025filed 30 Apr · audited | ₹13,183 cr | ▼ −2.2% | −₹304 cr | ▼ −130% | -3.35 | ▲ +0.2%Nifty +0.1% · +0.2 pp |
| Dec 2024filed 31 Jan | ₹11,751 cr | ▲ +0.42% | ₹951 cr | ▼ −51% | 9.39 | ▼ −5.8%Nifty +1.1% · −6.9 pp |
| Sept 2024filed 7 Nov | ₹11,213 cr | ▼ −8.5% | ₹860 cr | ▼ −38% | 8.49 | ▼ −0.5%Nifty −1.2% · +0.7 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹53,225 cr | ▲ +7.0% | ₹3,361 cr | ▲ +18% | 33.19 |
| FY25to Mar 2025 | ₹49,765 cr | ▼ −0.52% | ₹2,846 cr | ▼ −52% | 27.84 |
| FY24to Mar 2024 | ₹50,027 cr | — | ₹5,943 cr | — | 59.15 |
JINDALSTEL trades at 41 times trailing earnings against 17 for its industry, 2.2 times book value, revenue +16% over twelve months, a 0.36% dividend yield, market cap ₹1,10,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| JSWSTEELJSW Steel Limited | 3,00,000 cron 1 Oct | 12consolidated | 2.9 | ₹1,233.00 |
| TATASTEELTata Steel Limited | 2,20,000 cron 1 Oct | 20consolidated | 2.1 | ₹178.00 |
| JINDALSTELJINDAL STEEL LIMITED | 1,10,000 cron 1 Oct | 41consolidated | 2.2 | ₹1,100.50 |
| SAILSteel Authority of India Limited | 72,000 cron 1 Oct | 17consolidated | 1.2 | ₹174.50 |
| JSLJindal Stainless Limited | 60,000 cron 1 Oct | — | 3.0 | ₹732.70 |
| SARDAENSarda Energy & Minerals Limited | 17,000 cron 1 Oct | — | 2.3 | ₹494.75 |
| VISLVedanta Iron and Steel Limited | 12,000 cron 1 Oct | — | — | ₹31.15 |
| NSLNISPNMDC Steel Limited | 12,000 cron 1 Oct | — | 0.91 | ₹40.95 |
| SANDUMASandur Manganese & Iron Ores Limited | 8,600 cron 1 Oct | — | 2.6 | ₹177.65 |
| JAIBALAJIJai Balaji Industries Limited | 5,600 cron 1 Oct | — | 2.5 | ₹61.70 |
| PRAKASHPrakash Industries Limited | 2,100 cron 1 Oct | — | 0.59 | ₹118.70 |
| ANKITMETALAnkit Metal & Power Limited | — | — | — | — |
| MANAKSTEELManaksia Steels Limited | — | — | — | — |
| SCANSTLScan Steels Limited | — | — | — | — |
Promoters hold 62.7%, foreign portfolio investors 8.8%, mutual funds 15.2% and insurance companies 2.4%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 62.690.00 pp | 62.690.00 pp | 62.69▲ +0.32 pp | 62.37▲ +0.01 pp | 62.36 |
| Foreign portfolio investors | 8.84▼ −0.35 pp | 9.19▲ +0.17 pp | 9.02▼ −0.41 pp | 9.43▼ −0.33 pp | 9.76 |
| Mutual funds | 15.17▲ +0.68 pp | 14.49▲ +0.07 pp | 14.42▲ +0.55 pp | 13.87▲ +0.54 pp | 13.33 |
| Insurance companies | 2.41▲ +0.08 pp | 2.330.00 pp | 2.33▼ −0.30 pp | 2.63▼ −0.03 pp | 2.66 |
| Banks and financial institutions | 1.94▼ −0.38 pp | 2.32▼ −0.03 pp | 2.35▲ +0.11 pp | 2.24▲ +0.14 pp | 2.10 |
| Individual investors | 6.21▲ +0.06 pp | 6.15▼ −0.18 pp | 6.33▼ −0.22 pp | 6.55▼ −0.30 pp | 6.85 |
| Bodies corporate | 1.48▼ −0.04 pp | 1.52▼ −0.02 pp | 1.54▼ −0.04 pp | 1.58▼ −0.02 pp | 1.60 |
| Others | 1.26▼ −0.05 pp | 1.31▼ −0.01 pp | 1.32▼ −0.01 pp | 1.33▼ −0.01 pp | 1.34 |
Nothing upcoming on record; the last was a dividend of ₹2.00 a share, ex-date 21 Aug 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 21 Aug 2026 | dividend | ₹2.00 | 21 Aug 2026 | BSE |
| 22 Aug 2025 | dividend | ₹2.00 | 22 Aug 2025 | BSE |
| 22 Aug 2024 | dividend | ₹2.00 | 22 Aug 2024 | BSE |
JINDALSTEL is −5.1% over 20 sessions against Nifty's −6.2%, 16% below its 52-week high, realised volatility 26% annualised.
| Window | From ₹ | JINDALSTEL % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹1,029.47 | ▲ +6.9% | ▼ −9.1% | +16 |
| 120 sessionssince 9 Apr | ₹1,199.59 | ▼ −8.3% | ▼ −5.7% | −2.6 |
| 60 sessionssince 8 Jul | ₹1,021.54 | ▲ +7.7% | ▼ −6.1% | +14 |
| 20 sessionssince 2 Sept | ₹1,159.40 | ▼ −5.1% | ▼ −6.2% | +1.2 |
| 5 sessionssince 24 Sept | ₹1,157.81 | ▼ −4.9% | ▼ −2.8% | −2.2 |
| 1 sessionsince 30 Sept | ₹1,134.89 | ▼ −3.0% | ▼ −0.88% | −2.1 |
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