JINDAL STEEL
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The Current P/E Ratio of JINDAL STEEL is 43.92.
| Share Price | ₹1,173.0 | Sep 23,2026 |
| Market Cap | ₹119,657.7 Cr | |
| Earnings-TTM | ₹2,724.2 Cr | TTM-Consolidated Results |
| Price/Earnings | 43.92x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of JINDAL STEEL
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹119,657.7 Cr] as on Sep 23,2026
(/) Earnings [ ₹2,724.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 43.92x ]
Thus, for JINDAL STEEL , the investors are currently willing to pay 43.92 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of JINDAL STEEL !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of JINDAL STEEL over the last five years.
Historical PE (Price/Earnings) ratio chart of JINDAL STEEL
PE Ratio Performance Analysis for JINDAL STEEL
- JINDAL STEEL 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 21.34x.
- JINDAL STEEL 's operated at median p/e ratio of 17.29x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, JINDAL STEEL 's p/e ratio peaked in Mar2026 at 33.62x.
- JINDAL STEEL 's p/e ratio hit its five-year low in Mar2022 of 8.64x.
How does JINDAL STEEL 's P/E Ratio benchmark against top 10 peers in Steel/Sponge Iron/Pig Iron Industry?
| Peer Comparison (Steel/Sponge Iron/Pig Iron Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| JINDAL STEEL | 2,724.18 | 43.92 | 119,657.7 |
| LLOYDS METALS & ENERGY LTD | 4,867.68 | 21.89 | 106,537.0 |
| JAI BALAJI INDUSTRIES LTD | 292.93 | 20.86 | 6,110.3 |
| STEEL EXCHANGE INDIA LTD | 31.79 | 48.28 | 1,534.5 |
| SAL STEEL LTD | 12.43 | 98.77 | 1,227.8 |
| VRAJ IRON & STEEL LTD | 31.93 | 13.21 | 421.9 |
| VASWANI INDUSTRIES LTD | -0.06 | -2,404.60 | 151.5 |
| KIC METALIKS LTD | 3.23 | 34.77 | 112.3 |
| BIHAR SPONGE IRON LTD | 11.69 | 9.33 | 109.1 |
Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PE Analysis vs JINDAL STEEL 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -2,404.60x |
| Max industry PE | 98.77x |
| Median industry PE | 21.89x |
| Average industry PE | -234.84x |
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