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Jindal Stainless Ltd
NSE:JSL

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Jindal Stainless Ltd
NSE:JSL
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Price: 770.4 INR 0.54%
Market Cap: ₹634.6B

EV/S

1.5
Current
11%
More Expensive
vs 3-y average of 1.4

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1.5
=
Enterprise Value
₹675.3B
/
Revenue
₹418.2B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1.5
=
Enterprise Value
₹675.3B
/
Revenue
₹418.2B

Valuation Scenarios

Jindal Stainless Ltd is trading above its 3-year average

If EV/S returns to its 3-Year Average (1.4), the stock would be worth ₹692 (10% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-45%
Maximum Upside
+86%
Average Upside
9%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 1.5 ₹770.4
0%
3-Year Average 1.4 ₹692
-10%
5-Year Average 0.8 ₹420.7
-45%
Industry Average 1.6 ₹804.15
+4%
Country Average 2.9 ₹1 432.39
+86%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
₹675.3B
/
Jan 2026
₹418.2B
=
1.5
Current
₹675.3B
/
Mar 2026
₹443.8B
=
1.5
Forward
₹675.3B
/
Mar 2027
₹498.8B
=
1.4
Forward
₹675.3B
/
Mar 2028
₹557.8B
=
1.2
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
IN
Jindal Stainless Ltd
NSE:JSL
634.6B INR 1.5 21.4
ZA
Kumba Iron Ore Ltd
JSE:KIO
99.5B ZAR 1.2 6.8
BR
Vale SA
BOVESPA:VALE3
366.6B BRL 1.9 26.5
US
Nucor Corp
NYSE:NUE
49.2B USD 1.6 28.3
LU
ArcelorMittal SA
AEX:MT
38.3B EUR 0.8 14
AU
Fortescue Metals Group Ltd
ASX:FMG
60.9B AUD 2.6 11.2
AU
Fortescue Ltd
XMUN:FVJ
37.2B EUR 2.7 11.5
US
Steel Dynamics Inc
NASDAQ:STLD
32.6B USD 1.9 23.7
IN
JSW Steel Ltd
NSE:JSWSTEEL
3.1T INR 2.2 42.1
IN
Tata Steel Ltd
NSE:TATASTEEL
2.7T INR 1.5 29.3
US
Carpenter Technology Corp
NYSE:CRS
21.3B USD 7.4 48.9

Market Distribution

Lower than 71% of companies in India
Percentile
29th
Based on 2 864 companies
29th percentile
1.5
Low
0 — 1.6
Typical Range
1.6 — 5
High
5 —
Distribution Statistics
India
Min 0
30th Percentile 1.6
Median 2.9
70th Percentile 5
Max 55 686.2

Jindal Stainless Ltd
Glance View

Jindal Stainless Ltd., a key player in the global stainless steel industry, operates as a vital linchpin within the intricate web of modern infrastructure and industry. Founded with a vision to capitalize on the burgeoning demand for durable and corrosion-resistant materials, the company swiftly carved out a strong presence in both domestic and international markets. At its core, Jindal Stainless transforms raw materials into a variety of stainless steel products through an intricate and technologically advanced production process. This process involves melting scrap steel and ferroalloys, refining it to the desired quality, and then casting, hot rolling, and finishing it into coils and plates. The company’s robust supply chain, stretching from mining of essential raw materials to forging distribution networks, ensures a seamless flow from production to delivery. On the revenue front, Jindal Stainless Ltd. excels by catering to a diverse set of industries including automotive, construction, manufacturing, and consumer goods, among others. Its product portfolio, which includes flat products like coils and sheets alongside value-added stainless steel offerings, enables it to meet the evolving needs of various sectors. The company thrives on its strategic geographical positioning and its widespread distribution network, enabling efficient market penetration. By leveraging economies of scale and maintaining a keen eye on quality compliance, Jindal Stainless not only stands resilient against market volatilities but also fortifies its competitive edge in an increasingly demanding global arena. Through a blend of innovation, strategic expansion, and customer-centric focus, Jindal Stainless Ltd. continues to grow as a formidable force in shaping contemporary industrial landscapes.

JSL Intrinsic Value
673.38 INR
Overvaluation 13%
Intrinsic Value
Price ₹770.4
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