Jindal Steel & Power Ltd is a prominent steel producer in India and holds a strong presence in various sectors including mining and power generation. The company has expanded its operations globally through subsidiaries, establishing a significant presence in countries such as Australia, Botswana, Indonesia, Mauritius, Mozambique, Madagascar, Namibia, South Africa, Tanzania, and Zambia.
With a strong position in the steel and power industries, Jindal Steel and Power Ltd. (JSPL) has demonstrated consistency in performance on the Indian stock market. What is the share price objective for JSPL in the years to come? is the question on everyone’s mind as investors search for potential high-growth firms.
Investors seeking for a decent stock to purchase have taken notice of JSPL due to forecasts of rising demand for steel and infrastructure development in the foreseeable future.
To establish the share price target for Jindal Steel in the years 2024 to 2030, we will consider the company’s historical performance, current market trends, and expert opinions in this article.
JINDAL STEEL AND POWER Q3 FY24 Result Summary and Key Points
- indal Steel & Power (JSPL) reported a 272 percent rise in consolidated net profit for Q3 FY24 compared to the previous year.
- This surge was attributed to recent price hikes and improved realizations amid a robust domestic demand environment.
- Consolidated net revenue declined by 5.9 percent to Rs 11,736 crore due to lower volumes.
- Despite the revenue decline, net profit witnessed a sequential increase of 38.7 percent.
- On a standalone basis, JSPL reported a net profit of Rs 1,484 crore, a significant improvement from the loss of Rs 4,512 crore reported in the same quarter last year.
- The company’s performance was supported by improved net sales realization, driven by lower raw material costs.
- Adjusted Ebitda for Q3FY24 stood at Rs 2,802 crore, marking a 19 percent year-on-year increase.
- However, the net debt increased by 18 percent to Rs 9,115 crore as of December 31, 2023.
- Despite delays in blast furnace commissioning, JSPL remains well-positioned for volume growth and product mix improvement post the commissioning of a hot strip mill at its facility in Angul, Odisha.
Below are the trading platforms that you can use to purchase Jindal Steel & Power shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
| When | Maximum Price | Minimum Price |
| March 2024 | 845.90 | 735.57 |
| April 2024 | 821.26 | 714.14 |
| May 2024 | 809.13 | 703.59 |
| June 2024 | 838.25 | 728.92 |
| July 2024 | 829.87 | 721.63 |
| August 2024 | 863.07 | 750.49 |
| September 2024 | 897.59 | 780.51 |
| October 2024 | 879.99 | 765.21 |
| November 2024 | 915.19 | 795.82 |
| December 2024 | 924.34 | 803.77 |
In the dynamic landscape of stock trading, JSPL emerges as a notable player, poised for a journey of market fluctuations and investor sentiment. March 2024 forecasts JSPL’s stock to reach a maximum price of ₹845.90, with a corresponding minimum of ₹735.57, reflecting the anticipated ebb and flow of market dynamics. As the months unfold, April’s projections hint at a peak of ₹821.26 and a low of ₹714.14, showcasing JSPL’s resilience amidst varying economic factors. However, the pinnacle arrives in December 2024, where JSPL’s stock is expected to soar to ₹924.34, underpinned by a projected minimum of ₹803.77, signifying sustained investor interest and confidence in the company’s trajectory.
| When | Maximum Price | Minimum Price |
| January 2025 | 925.26 | 711.74 |
| February 2025 | 927.12 | 713.17 |
| March 2025 | 946.59 | 728.14 |
| April 2025 | 928.03 | 713.87 |
| May 2025 | 901.00 | 693.08 |
| June 2025 | 941.54 | 724.26 |
| July 2025 | 923.08 | 710.06 |
| August 2025 | 951.63 | 732.02 |
| September 2025 | 963.05 | 740.81 |
| October 2025 | 988.09 | 760.07 |
| November 2025 | 1,012.79 | 779.07 |
| December 2025 | 1,058.37 | 814.13 |
In January 2025, JSPL’s stock is projected to reach a maximum price of ₹925.26, with a corresponding minimum of ₹711.74, setting the tone for a promising year ahead. As the months progress, February sees a slight uptick with a peak of ₹927.12 and a low of ₹713.17, reflecting JSPL’s steady growth trajectory. However, it’s December that marks a significant milestone, with JSPL’s stock anticipated to surge to a maximum of ₹1,058.37 and a minimum of ₹814.13, signaling robust investor confidence and a bullish outlook for the company’s performance.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,141.46 | 878.04 |
| February 2026 | 1,170.72 | 900.56 |
| March 2026 | 1,216.38 | 935.68 |
| April 2026 | 1,192.53 | 917.33 |
| May 2026 | 1,157.80 | 890.61 |
| June 2026 | 1,209.90 | 930.69 |
| July 2026 | 1,186.18 | 912.44 |
| August 2026 | 1,222.86 | 940.66 |
| September 2026 | 1,265.66 | 973.59 |
| October 2026 | 1,298.57 | 998.90 |
| November 2026 | 1,331.03 | 1,023.87 |
| December 2026 | 1,364.31 | 1,049.47 |
In 2026, JSPL’s share price is anticipated to experience a range of fluctuations, from a minimum of ₹878.04 in January to a maximum of ₹1,364.31 in December. These projections suggest a potentially dynamic market performance, emphasizing the importance of monitoring market trends and company developments for investors.
| When | Maximum Price | Minimum Price |
| January 2027 | 1,391.60 | 1,070.46 |
| February 2027 | 1,427.28 | 1,097.91 |
| March 2027 | 1,482.94 | 1,140.72 |
| April 2027 | 1,453.86 | 1,118.36 |
| May 2027 | 1,411.52 | 1,085.78 |
| June 2027 | 1,475.04 | 1,134.64 |
| July 2027 | 1,446.11 | 1,112.40 |
| August 2027 | 1,490.84 | 1,146.80 |
| September 2027 | 1,543.02 | 1,186.94 |
| October 2027 | 1,583.14 | 1,217.80 |
| November 2027 | 1,622.72 | 1,248.24 |
| December 2027 | 1,663.28 | 1,279.45 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,696.55 | 1,305.04 |
| February 2028 | 1,740.05 | 1,338.50 |
| March 2028 | 1,807.91 | 1,390.70 |
| April 2028 | 1,772.46 | 1,363.43 |
| May 2028 | 1,720.84 | 1,323.72 |
| June 2028 | 1,798.28 | 1,383.29 |
| July 2028 | 1,763.02 | 1,356.17 |
| August 2028 | 1,817.54 | 1,398.11 |
| September 2028 | 1,881.16 | 1,447.04 |
| October 2028 | 1,930.07 | 1,484.67 |
| November 2028 | 1,978.32 | 1,521.78 |
| December 2028 | 2,027.78 | 1,559.83 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,068.33 | 1,591.02 |
| February 2029 | 2,121.37 | 1,631.82 |
| March 2029 | 2,204.10 | 1,695.46 |
| April 2029 | 2,160.88 | 1,662.22 |
| May 2029 | 2,097.94 | 1,613.80 |
| June 2029 | 2,192.35 | 1,686.42 |
| July 2029 | 2,149.36 | 1,653.36 |
| August 2029 | 2,215.84 | 1,704.49 |
| September 2029 | 2,293.39 | 1,764.15 |
| October 2029 | 2,353.02 | 1,810.02 |
| November 2029 | 2,411.85 | 1,855.27 |
| December 2029 | 2,472.14 | 1,901.65 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,521.58 | 1,939.68 |
| February 2030 | 2,586.24 | 1,989.42 |
| March 2030 | 2,687.10 | 2,067.00 |
| April 2030 | 2,634.42 | 2,026.47 |
| May 2030 | 2,557.69 | 1,967.45 |
| June 2030 | 2,672.78 | 2,055.99 |
| July 2030 | 2,620.37 | 2,015.67 |
| August 2030 | 2,701.42 | 2,078.01 |
| September 2030 | 2,795.97 | 2,150.74 |
| October 2030 | 2,868.66 | 2,206.66 |
| November 2030 | 2,940.38 | 2,261.83 |
| December 2030 | 3,013.89 | 2,318.37 |
In the unfolding narrative of 2030, JSPL’s stock sets a promising trajectory right from the outset, with January showcasing a forecasted maximum price of ₹2,521.58 and a minimum of ₹1,939.68. This robust start lays a solid foundation for the year ahead, signaling resilience and potential growth in the market. As the months progress, each interval presents its own dynamics, with fluctuations reflecting the ebb and flow of market forces. However, it’s December that emerges as a pivotal point, with JSPL’s stock poised to hit a high of ₹3,013.89 and a low of ₹2,318.37. This surge not only underscores the company’s strength but also highlights investor confidence in JSPL’s long-term prospects, reaffirming its position as a significant player in the market landscape.
Financial Condition of Jindal Steel & Power Ltd: Last 5 years
| Financial Year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 46,966 | 37,923 | 34,579 | 51,166 | 52,711 |
| Expenses (Rs. Crores) | 38,553 | 31,092 | 23,646 | 37,089 | 42,776 |
| Operating Profit (Rs. Crores) | 8,412 | 6,831 | 10,933 | 14,076 | 9,935 |
| Other Income (Rs. Crores) | -1,470 | 74 | 313 | -401 | -532 |
| Interest (Rs. Crores) | 4,264 | 4,264 | 2,753 | 1,888 | 1,446 |
| Depreciation (Rs. Crores) | 5,480 | 5,480 | 2,414 | 2,097 | 2,691 |
| Profit before tax (Rs. Crores) | -2,802 | -2,802 | 6,078 | 9,690 | 5,266 |
| Net Profit (Rs. Crores) | -2,412 | -2,412 | 4,267 | 6,766 | 3,974 |
| EPS (Rs.) | -17.00 | -17.00 | 35.62 | 56.40 | 31.11 |
| Dividend Payout (%) | 0% | 0% | 0% | 5% | 6% |
Jindal Steel and Power Ltd (JSPL) is a leading company in the steel and power sector. Over the last five years, from 2019 to 2023, JSPL has witnessed fluctuations in its financial performance. In 2019, the company reported sales of Rs. 46,966 crores, with expenses amounting to Rs. 38,553 crores.
Despite facing challenges, Jindal Steel managed to generate an operating profit of Rs. 8,412 crores. However, it experienced a negative impact due to other income of -Rs. 1,470 crores. The company’s profitability was further affected by interest and depreciation expenses, resulting in a loss before tax of -Rs. 2,802 crores.
The net profit for 2019 stood at -Rs. 2,412 crores, leading to negative earnings per share (EPS) of -Rs. 17.00. Throughout the following years, JSPL exhibited varying levels of performance, with ups and downs in sales, expenses, and profitability.
It remains crucial for Jindal Steel to navigate market conditions and focus on strategies to enhance its financial standing in the steel and power industry.
Top 3 Jindal Steel Competitors
- JSW Steel – 85,407 Crore INR
- Tata Steel – 1,92,059 Crore INR
- SAIL – 56,877 Crore INR
FAQS
As of March 11, 2024, the share price of JSPL is ₹827.
The share price target for Jindal Steel for 2030 is expected to be in the range of ₹3,013.89 and ₹1,939.68
We do not think Jindal Steel will reach a share price of ₹5,000 by 2025. Though the company has shown strong growth potential in recent years, according to our analysis, the best JSPL can reach by December 2025 is ₹ 1,058.37.
Key factors that can impact JSPL’s share price target include global economic conditions, industry trends, and company performance.
As with any investment, there are risks associated with investing in Jindal Steel shares. However, the company has shown strong growth potential and may be worth considering for long-term investors. It is important to conduct thorough research and consult with a financial advisor before making any investment decisions.
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Conclusion
Jindal Steel and Power Ltd (JSPL) has experienced a mixed financial performance over the last five years. Despite facing challenges and fluctuations, the company has shown resilience and growth in certain areas. JSPL’s sales have exhibited a compounded growth rate of 10% over the past 10 years, indicating a steady expansion. In the shorter term, the sales growth rate has remained consistent at 10% over the past 5 years and has seen a slight increase to 12% over the past 3 years. However, in the most recent trailing twelve months (TTM), the sales growth rate has slowed to 3%.
These figures indicate the need for Jindal Steel to focus on strategies to sustain and improve its sales growth. The company must analyze market trends, adapt to changing industry dynamics, and explore new opportunities to drive sales expansion.
Despite the challenges faced, JSPL has demonstrated resilience by maintaining a positive operating profit and minimizing its losses. The company’s ability to generate operating profit even during periods of economic uncertainty showcases its efficient cost management and operational capabilities.
Looking ahead, JSPL should continue to prioritize efficiency, innovation, and strategic investments to capitalize on the growth potential in the steel and power sector. By leveraging its strengths and addressing challenges, Jindal Steel can aim for sustainable and profitable growth in the future.
Disclaimer: I do not hold Jindal Steel shares in my portfolio. And this is not a financial advice. We are not registered with SEBI.
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