Jindal Stainless Limited — PPTs, 18-11-2025: Investor Presentation

Jindal Stainless (JSL) is India's leading stainless steel producer and ranks among the top 5 globally (ex-China). For H1FY26, JSL reported a revenue of ₹21,100 Cr, EBITDA of ₹2,698 Cr, and PAT of ₹1,523 Cr, with sales volume at 1.274 million tonnes. The company maintains a strong balance sheet with Net Debt/Equity at 0.2x and Net Debt/EBITDA at 0.7x.

JSL is strategically expanding its capacity from 3 MTPA to 4.2 MTPA with a ~₹5,700 Cr investment. This includes acquiring Chromeni Steel's cold rolling capacity (0.6 MTPA) and a 49% stake in an Indonesian melt shop (1.2 MTPA). Recent acquisitions like Rathi Super Steel and Rabirun Vinimay diversify its product portfolio into wire rods, rebars, and pipes, alongside enhancing raw material security through a stake in an Indonesian Nickel Pig Iron facility.

JSL focuses on R&D for high-value products in defense, space, nuclear, and green hydrogen sectors, leveraging India's infrastructure push. The company aims for Net Zero carbon emissions by 2050 and utilizes ~72% scrap in production. Management plans a dividend payout up to 20% of PAT, reflecting confidence in sustainable growth and its market leadership ambition.