Jindal Stainless Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27
- June 23, 2026
- Posted by: Neeraj Pandey
- Category: News
Jindal Stainless Rs 742 (5 Oct 2026 close). 52-week range Rs 652.25 to Rs 884. Q1 FY27 PAT Rs 769 cr, up 7.6%.
Quick Answer
The Jindal Stainless share price target for 2026 is Rs 704 to Rs 836, which is between 5 percent below and 13 percent above the last close of Rs 742.00, with bull and bear cases of Rs 954 to Rs 1,060 and Rs 429 to Rs 495. Jindal Stainless reported Q1 FY27 consolidated revenue up 10.5 percent to Rs 11,279 crore and profit up 7.6 percent to Rs 769 crore, but volumes fell 7.3 percent to 5.81 lakh tonnes and EBITDA rose only 1.5 percent to Rs 1,329 crore. Industrial gas shortages and Middle East logistics cut output early in the quarter, management kept its EBITDA guidance of Rs 18,000 to Rs 20,000 a tonne, and the stock trades at 19 times earnings. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario.
The Jindal Stainless share price target for 2026 is Rs 704 to Rs 836 in the Univest base case, with the stock at Rs 742.00 at the 5 October 2026 close. That is 16.1 percent below its 52-week high of Rs 884.00 and 13.8 percent above its 52-week low of Rs 652.25, and the stock moved down 4.0 percent over the past year. Jindal Stainless is India’s largest stainless steel maker with melting capacity of 1.1 million tonnes a year and a net debt to equity ratio of 0.15. Domestic sales are 89 percent of volume.
Three things changed since the last update: Q1 FY27 results on 3 August showed profit up 7.6 percent on lower volume, management confirmed 7 to 9 percent volume growth for FY27, and the stock hit Rs 794 in the week of 7 September on heavy volume. This Jindal Stainless stock analysis covers the Jindal Stainless share price today, the Jindal Stainless share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a Jindal Stainless buy or sell view.
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What Is the Jindal Stainless Share Price Target for 2026?
The 2026 target for Jindal Stainless shares is Rs 704 to Rs 836 in the Univest base case, which is -5.1% to +12.7% against the last close. The bull case is Rs 954 to Rs 1,060 and the bear case is Rs 429 to Rs 495. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.
Jindal Stainless Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | FY28E EPS | Target Multiple | Price Target (Rs) | Move vs Rs 742.00 |
|---|---|---|---|---|
| Bull Case | Rs 53 | 18x to 20x | 954 to 1,060 | +28.6% to +42.9% |
| Base Case | Rs 44 | 16x to 19x | 704 to 836 | -5.1% to +12.7% |
| Bear Case | Rs 33 | 13x to 15x | 429 to 495 | -42.2% to -33.3% |
FY28 EPS of Rs 44 in the base case compares with trailing EPS of Rs 39.28 and assumes volume growth near 8 percent with EBITDA per tonne near Rs 19,000. The stock trades at about 17 times the base estimate. The PE multiple used for each case is shown in the table, and the EPS estimate is a Univest assumption, not company guidance. Those assumptions set the Jindal Stainless share price target range around the current price.
Jindal Stainless Company Overview and Share Price Today as of 5 October 2026
Jindal Stainless share price today is Rs 742.00 on the NSE at the 5 October 2026 close, before the market opened on 6 October. The market capitalisation is Rs 61,172 crore, and the stock trades at 18.9 times earnings against an industry average of 23.1 times. The Univest base case Jindal Stainless share price target of Rs 704 to Rs 836 is -5.1% to +12.7% from here. The table below sets out the key numbers behind the Jindal Stainless share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | JSL | BSE code 532508 |
| Sector | Stainless steel | Per Univest sector classification |
| Last Close (NSE) | Rs 742.00 | 5 Oct 2026 close |
| 52-Week High | Rs 884.00 | CMP is 16.1% below |
| 52-Week Low | Rs 652.25 | CMP is 13.8% above |
| 1-Year Return | About -4% | Weekly close Rs 772.7 on 10 Oct 2025 to Rs 742 |
| Market Capitalisation | Rs 61,172 crore | Mid cap steel maker |
| Trailing P/E | About 18.9x | Industry P/E about 23.06x |
| P/B Ratio | About 3.10x | Book value Rs 239.17 per share |
| EPS (TTM) | Rs 39.28 | Trailing twelve months |
| Return on Equity | About 16.1% | Debt to equity 0.38 |
| Dividend Yield | About 0.54% | Dividend paid yearly |
| 12-Month Target (Base Case) | Rs 704 to Rs 836 | Univest base case |
| Bull Case | Rs 954 to Rs 1,060 | +28.6% to +42.9% |
| Bear Case | Rs 429 to Rs 495 | -42.2% to -33.3% |
Track live price, fundamentals and results for Jindal Stainless on the Univest Screener.
How Did Jindal Stainless Perform in Q1 FY27?
Jindal Stainless reported Q1 FY27 consolidated revenue from operations of Rs 11,279 crore, up 10.5 percent, and profit after tax of Rs 769 crore, up 7.6 percent from Rs 715 crore. EBITDA rose 1.5 percent to Rs 1,329 crore. Together these Q1 FY27 numbers anchor the Jindal Stainless share price target.
| Metric | Q1 FY27 | Context |
|---|---|---|
| Revenue from Operations | Rs 11,279 crore | Up 10.5% YoY |
| EBITDA | Rs 1,329 crore | Up 1.5%; Q4 FY26 Rs 1,455 crore |
| Profit After Tax | Rs 769 crore | Up 7.6%; down 8.8% QoQ |
| Sales Volume | 5,80,805 tonnes | Down 7.3% from 6,26,252 |
| Standalone Profit After Tax | Rs 606 crore | Down 5.6% YoY |
| Export Share | 11% | Domestic 89% |
Industrial gas supply constraints and logistics issues from the Middle East crisis hit output early in the quarter, and the company shifted to piped natural gas. Management kept its H1 FY27 EBITDA guidance and reconfirmed 7 to 9 percent volume growth for the year. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Jindal Stainless share price target.
Why Is Jindal Stainless Share Price Flat Over a Year?
Jindal Stainless shares are about 4 percent below their level a year ago because volume fell 7.3 percent in Q1 FY27 and margin per tonne stayed under pressure. The stock hit a high of Rs 884 in the week of 5 January 2026 and a low of Rs 652.25 in the week of 8 June.
It has held a Rs 700 to Rs 765 range since July. A rise to Rs 794 in the week of 7 September on 99 lakh shares faded, and the stock closed at Rs 742. The Jindal Stainless share price target scenarios below account for that move.
Key Catalysts for the Jindal Stainless Share Price Target in 2026
4 catalysts matter most for the Jindal Stainless share price target, and sector tailwinds in Stainless steel are part of the case. Together they decide whether the base case is reached.
1. Volume Recovery
Management confirmed 7 to 9 percent volume growth for FY27 after gas disruptions. Output at full run-rate would lift profit. If it plays out, the Jindal Stainless share price target moves toward the top of the base range.
2. EBITDA per Tonne
Guidance of Rs 18,000 to Rs 20,000 a tonne for H1 FY27 is retained. Higher value-added mix protects margin. Strength here would support the upper end of the Jindal Stainless share price target.
3. Domestic Demand
Auto, infrastructure, white goods and metro rail projects are driving demand. Domestic sales are 89 percent of volume. Delivery on this point keeps the Jindal Stainless share price target on track.
4. Strong Balance Sheet
Net debt to equity is 0.15 and FY26 profit was Rs 3,185 crore. Low debt gives room to invest. Better news here would lift the Jindal Stainless share price target toward the bull case.
What Are the Key Risks to the Jindal Stainless Share Price Target?
The main risks are volume shortfalls, nickel and input prices, low-priced imports and a weak standalone profit. Each can pull the Jindal Stainless share price target lower.
Volume Shortfalls
Volume fell 7.3 percent in Q1 FY27. A repeat of gas or logistics problems would hold back output. If it materialises, the Jindal Stainless share price target would slip toward the bear case.
Input Prices
Nickel and ferro-alloy prices drive margin per tonne. A rise would cut EBITDA. This is the main downside risk to the Jindal Stainless share price target.
Imports
Imported stainless steel can pressure domestic prices. Lower prices would hit profit. A worsening here would cut the Jindal Stainless share price target toward the low end of the range.
Standalone Weakness
Standalone profit fell 5.6 percent to Rs 606 crore. A bear case EPS of Rs 33 at 13 times would put the price near Rs 429. Watch it closely, because it can pull the Jindal Stainless share price target lower quickly.
Jindal Stainless Stock Analysis: Support and Resistance Levels for the Share Price Target
Jindal Stainless stock analysis on weekly charts shows a range of Rs 726 to Rs 767 since mid-September, with the stock near the middle.
The first support level is Rs 726 to Rs 729, the lows of the weeks of 28 September and 5 October. Below that, Rs 715 is the mid-September low, and a weekly close under Rs 726 would weaken the base.
The first resistance level is Rs 756 to Rs 767, the highs of the weeks of 28 September and 21 September. Above that, Rs 794 is the high of the week of 7 September and Rs 835 marks the January high. These levels come from weekly price action, are not trade recommendations, and frame the near-term Jindal Stainless share price target.
Jindal Stainless Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term Jindal Stainless Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 726 and Rs 767, from the late-September low to the high of the week of 21 September. A close above Rs 767 would put Rs 794 in play, while a weekly close under Rs 726 would put Rs 715 in play. The Q2 FY27 results are the main trigger. This range anchors the near-term Jindal Stainless share price target.
12-Month and 2027 Jindal Stainless Share Price Target
The 12-month target price is Rs 704 to Rs 836, valued on 16 to 19 times FY28 EPS of Rs 44. The range across scenarios runs from Rs 429 in the bear case to Rs 1,060 in the bull case.
Long-Term Jindal Stainless Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 870 to Rs 1,260. This assumes EPS of Rs 58 in FY29 and Rs 70 in FY30 and a multiple of 15 to 18 times. It needs volume growth of 7 to 9 percent and EBITDA near Rs 18,000 to Rs 20,000 a tonne. This is the long-term Jindal Stainless share price target in the Univest scenarios.
Bull Case and Bear Case for Jindal Stainless Share Price Target
Bull Case Rs 954 to Rs 1,060
The bull case of Rs 954 to Rs 1,060 for the Jindal Stainless share price target needs EPS of Rs 53 and the market to pay 18 to 20 times for it. It is +28.6% to +42.9% from the last close.
Bear Case Rs 429 to Rs 495
The bear case of Rs 429 to Rs 495 for the Jindal Stainless share price target equals 13 to 15 times FY28 EPS of Rs 33 and sits below the Rs 652.25 low. It is -42.2% to -33.3% from the last close.
Is Jindal Stainless a Good Buy at Rs 742? Jindal Stainless Buy or Sell View
Whether Jindal Stainless is a buy at Rs 742.00 depends on horizon and risk appetite. The base case sits between 5 percent below and 13 percent above the current price, the stock is 16 percent below its high, and the open question is whether volume recovers. The Jindal Stainless share price target range is the starting point for that decision.
Long-term holders may focus on volume growth, EBITDA per tonne and nickel prices, and treat Rs 726 as the level to watch. Short-term traders may prefer to wait for a close above Rs 767. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Jindal Stainless buy or sell view is educational.
How to Invest in Jindal Stainless Shares
Step 1: Check the live price, valuation and the latest Jindal Stainless share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Jindal Stainless share price target.
Step 3: Search for JSL on the NSE or 532508 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 429 is bearable.
Step 5: Track volume growth, EBITDA per tonne and Q2 FY27 results and set price alerts on the Univest App to follow any change in the Jindal Stainless share price target.
Conclusion
Jindal Stainless closed at Rs 742.00 against a Univest base case share price target of Rs 704 to Rs 836, a bull case of Rs 954 to Rs 1,060 and a bear case of Rs 429 to Rs 495. Q1 FY27 delivered revenue growth of 10.5 percent and profit growth of 7.6 percent, but volume fell 7.3 percent. The main risks are volume shortfalls, input prices and imports.
The stock is 16.1 percent below its 52-week high, so the base case sits between 5 percent below and 13 percent above the current price. The triggers to watch are volume growth, EBITDA per tonne and Q2 FY27 results and the Rs 726 and Rs 767 levels. Re-check the Jindal Stainless share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track Jindal Stainless live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Jindal Stainless Share Price Target 2026
What is the Jindal Stainless share price target for 2026?
Ans. The Jindal Stainless share price target for 2026 is Rs 704 to Rs 836 in the Univest base case, with a bull case of Rs 954 to Rs 1,060 and a bear case of Rs 429 to Rs 495. No brokerage target was available on the sources we track as of 5 October 2026, so these are Univest research scenarios. These are estimates and can change after the Q2 FY27 results.
What is the Jindal Stainless share price target for 2027?
Ans. The Jindal Stainless share price target for 2027 is Rs 704 to Rs 836 in the base case, valued on 16 to 19 times FY28 EPS of Rs 44. The scenario range runs from Rs 429 to Rs 1,060.
Is Jindal Stainless a good buy at Rs 742.00?
Ans. Whether Jindal Stainless is a good buy at Rs 742.00 depends on your horizon, risk appetite and how you read the Jindal Stainless share price target. The balance sheet is strong and the valuation is below the industry, but volume fell in Q1 FY27 and the stock has been range bound. Consult a SEBI-registered advisor before investing.
What are the key risks to the Jindal Stainless share price target?
Ans. The key risks to the Jindal Stainless share price target are volume shortfalls, input prices, imports and standalone weakness. Volume fell 7.3 percent in Q1 FY27. A repeat of gas or logistics problems would hold back output.
What are the key catalysts for the Jindal Stainless share price target?
Ans. The key catalysts for the Jindal Stainless share price target are volume recovery, ebitda per tonne, domestic demand and strong balance sheet. Management confirmed 7 to 9 percent volume growth for FY27 after gas disruptions. Output at full run-rate would lift profit.
Where can I track Jindal Stainless share price today and Jindal Stainless share price target updates?
Ans. You can track the live Jindal Stainless share price, results and any change to the Jindal Stainless share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are Jindal Stainless’s 52-week high and low?
Ans. Jindal Stainless’s 52-week high is Rs 884.00 and its 52-week low is Rs 652.25, based on weekly NSE data. At Rs 742.00 the stock is 16.1 percent below the high and 13.8 percent above the low. Both levels frame the Jindal Stainless share price target.
How to buy Jindal Stainless shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for JSL on the NSE or 532508 on the BSE, and place a limit order near your entry price, using the Jindal Stainless share price target range as a guide. Size the position so a fall to Rs 429 is bearable, and check the live price on the Univest Screener first.
