Jindal Steel Limited (NSE:JINDALSTEL)

Jindal Steel Stock Forecast

Stock Price Forecast

According to 33 analysts polled by S&P Global, Jindal Steel stock has a consensus rating of "Buy" and an average price target of ₹1,222. The average 1-year stock price forecast is 10.86% higher than the current stock price, while the lowest is ₹590.00 (-46.46%) and the highest is ₹1,410 (+27.95%).

Price Target: ₹1,222 (+10.86%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	₹590.00	₹1,222	₹1,254	₹1,410
Change	-46.46%	+10.86%	+13.79%	+27.95%

* Price targets were last updated on May 3, 2026.

Analyst Ratings

The average analyst rating for Jindal Steel stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	14	14	12	13	12	14
Buy	8	8	8	9	9	8
Hold	3	3	5	5	6	6
Sell	1	1	1	2	2	1
Strong Sell	2	2	3	2	2	3
Total	28	28	29	31	31	32

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst BOB Capital Markets No rating	BOB Capital Markets	Hold Maintains ₹1,297	Hold	Maintains	₹1,297	+17.70%	May 3, 2026
Amit Dixit Goldman Sachs	Goldman Sachs	Hold Initiates ₹1,335	Hold	Initiates	₹1,335	+21.14%	Apr 26, 2026
Shashank Kanodia ICICI Securities	ICICI Securities	Hold Maintains ₹1,200	Hold	Maintains	₹1,200	+8.89%	Feb 5, 2026
Unknown Analyst IDBI Capital No rating	IDBI Capital	Buy Maintains ₹1,301	Buy	Maintains	₹1,301	+18.06%	Feb 1, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

688.60B

Increased by 29.38%

from 532.25B

Revenue Next Year

812.91B

Increased by 18.05%

from 688.60B

EPS This Year

57.15

Increased by 43.98%

from 39.69

EPS Next Year

88.00

Increased by 53.97%

from 57.15

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	510.86B	527.11B	500.27B	497.65B	532.25B	688.60B
Revenue Growth	47.90%	3.18%	-5.09%	-0.52%	6.95%	29.38%
Gross Profit	303.28B	280.30B	277.45B	258.06B	279.60B	350.64B
Gross Margin	59.37%	53.18%	55.46%	51.86%	52.53%	50.92%
Operating Income	132.72B	71.01B	73.34B	54.45B	64.88B	94.53B
Net Income	57.53B	31.74B	59.38B	28.12B	33.67B	59.48B
EPS	-	-	-	-	39.69	57.15
EPS Growth	-	-	-	-	10.88%	43.98%
Forward PE	7.42	14.28	14.97	12.67	16.46	19.28
Dividend / Share	3.00	2.00	2.00	2.00	2.00	2.46
Dividend Growth	-	-33.33%	-	-	-	23.21%
Free Cash Flow	67.62B	42.92B	-50.26B	-13.28B	-48.81B	10.48B
No. Analysts	-	-	-	-	-	31

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Chart

Revenue	2027	2028	2029
High	726.2B
Avg	688.6B
Low	633.5B

Revenue Growth

Chart

Revenue Growth	2027	2028	2029
High	36.4%
Avg	29.4%
Low	19.0%

EPS Forecast

Chart

EPS	2027	2028	2029
High	71.00
Avg	57.15
Low	36.00

EPS Growth

Chart

EPS Growth	2027	2028	2029
High	78.9%
Avg	44.0%
Low	-9.3%

Data Sources: S&P Global Market Intelligence and TipRanks Last updated: May 3, 2026

Price targets, consensus ratings and financial forecasts are provided by S&P Global Market Intelligence. Individual analyst data is provided by TipRanks. Price targets and consensus ratings update every hour to every three days, while individual analyst data updates in near real-time.

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