Jindal Stainless Limited — Investor Meet, 09-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Jindal Stainless reported Q4FY26 EBITDA up 37% YoY to ₹1,455 Cr, with PAT rising 41% to ₹834 Cr. FY26 deliveries grew 8% to 2.57 Mn tons. Net debt reduced to ₹3,040 Cr, resulting in a healthy 0.55x Net Debt/EBITDA. A final dividend of ₹3/share was announced.

The company guides for 7-9% volume growth in FY27 and H1 EBITDA/ton of ₹18,000-₹20,000, impacted by rising fuel costs not fully passed on. The Indonesia melt shop is commissioned, increasing total melting capacity to 4.2 Mn tons. Downstream expansions are progressing, targeting 3.5 Mn tons sales by FY29. Management is diversifying fuel sources and is addressing import challenges. Sentiment remains focused on strategic growth.