New Peak Price and Recent Performance
On 31 Dec 2025, Jindal Stainless Ltd (Stock ID: 492988) touched an intraday high of Rs.866.9, marking its highest price level in the past year and ever recorded. This milestone comes after a three-day consecutive gain, during which the stock appreciated by 7.07%. Despite underperforming its sector by 1.35% on the day, the stock’s upward trajectory remains clear, trading above all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – signalling strong technical support.
Sector and Market Context
The ferrous metals sector, encompassing steel, sponge iron, and pig iron, has gained 2.84% on the day, buoyed by positive market sentiment. The broader Sensex index opened 118.50 points higher and is currently trading at 84,994.86, just 1.37% shy of its own 52-week high of 86,159.02. The Sensex’s position above its 50-day moving average, which itself is above the 200-day moving average, reflects a bullish market environment. Small-cap stocks are leading gains with the BSE Small Cap index up 0.9%, highlighting broad-based market strength.
Strong One-Year Returns and Relative Outperformance
Over the past year, Jindal Stainless Ltd has delivered a total return of 21.62%, significantly outperforming the Sensex’s 8.76% gain. The stock’s 52-week low was Rs.497, underscoring the substantial appreciation it has achieved. This performance is complemented by consistent returns over the last three years, with the stock outperforming the BSE500 index in each annual period.
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Financial Strength and Operational Metrics
Jindal Stainless Ltd’s financial metrics underpin its market performance. The company boasts a high Return on Capital Employed (ROCE) of 22.96%, indicating efficient use of capital to generate profits. Its debt servicing capability is strong, with a low Debt to EBITDA ratio of 1.02 times, reflecting prudent leverage management. The debt-equity ratio stands at a healthy 0.38 times as of the half-year, the lowest recorded, further reinforcing the company’s solid balance sheet position.
Net sales have exhibited robust growth, expanding at an annual rate of 30.03%, while operating profit has surged by 50.62%. The company reported its highest quarterly net sales of Rs.10,892.78 crores and operating cash flow for the year at Rs.4,229.49 crores, highlighting strong cash generation capabilities.
Valuation and Market Perception
Jindal Stainless Ltd is currently trading at a fair valuation with an Enterprise Value to Capital Employed ratio of 3.3, which is at a discount compared to its peers’ historical averages. The company’s Price/Earnings to Growth (PEG) ratio stands at 2, reflecting a balanced valuation relative to its earnings growth. Institutional investors hold a significant 28.5% stake in the company, indicating confidence from entities with extensive analytical resources.
Technical Momentum and Moving Averages
The stock’s position above all major moving averages signals sustained bullish momentum. Trading above the 5-day, 20-day, 50-day, 100-day, and 200-day averages suggests strong investor conviction and technical support. This technical strength is particularly notable given the stock’s recent three-day rally and the broader sector’s positive performance.
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Market Capitalisation and Mojo Score
Jindal Stainless Ltd holds a Market Cap Grade of 2, reflecting its mid-cap status within the ferrous metals sector. The company’s Mojo Score has improved to 75.0, with a recent upgrade from Hold to Buy on 30 Dec 2025. This upgrade highlights the stock’s enhanced quality and favourable momentum as assessed by MarketsMOJO’s proprietary scoring system.
Summary of Key Metrics
To summarise, Jindal Stainless Ltd’s key financial and market metrics as of 31 Dec 2025 include:
- New 52-week and all-time high price: Rs.866.9
- Three-day consecutive gain: 7.07%
- One-year total return: 21.62%
- ROCE: 22.96%
- Debt to EBITDA ratio: 1.02 times
- Debt-equity ratio (half-year): 0.38 times
- Net sales annual growth rate: 30.03%
- Operating profit growth rate: 50.62%
- Operating cash flow (yearly): Rs.4,229.49 crores
- Institutional holdings: 28.5%
- Mojo Score: 75.0 (Buy, upgraded from Hold)
These figures collectively illustrate the company’s strong operational performance, financial discipline, and market recognition, which have contributed to its recent price milestone.
Broader Market and Sector Dynamics
The ferrous metals sector’s recent gains and the Sensex’s proximity to its own 52-week high provide a supportive backdrop for Jindal Stainless Ltd’s rally. The stock’s outperformance relative to the sector and benchmark indices highlights its resilience and leadership within the industry. The positive market environment, combined with the company’s solid fundamentals, has propelled the stock to this significant new high.
Conclusion
Jindal Stainless Ltd’s achievement of a new 52-week and all-time high at Rs.866.9 is a testament to its sustained momentum and robust financial health. Supported by strong earnings growth, efficient capital utilisation, and prudent leverage, the stock’s performance reflects both company-specific strengths and favourable sectoral trends. Trading above all major moving averages and backed by institutional confidence, Jindal Stainless Ltd continues to demonstrate its position as a key player in the ferrous metals industry.
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