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JINDAL STEEL
PE (Price/Earnings) Ratio

The Current P/E Ratio of JINDAL STEEL is 38.03.

Share Price ₹1,015.7Oct 09,2026
Market Cap ₹103,611.6 Cr
Earnings-TTM₹2,724.2 CrTTM-Consolidated Results
Price/Earnings38.03xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of JINDAL STEEL

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of JINDAL STEEL is calculated as :

Current Market Cap [ ₹103,611.6 Cr] as on Oct 09,2026

(/) Earnings [ ₹2,724.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 38.03x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for JINDAL STEEL , the investors are currently willing to pay 38.03 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 latest p/e ratio is 38.03x.

- 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 RatioMarket Cap
JINDAL STEEL 2,724.1838.03103,611.6
LLOYDS METALS & ENERGY LTD4,867.6821.08102,618.0
JAI BALAJI INDUSTRIES LTD292.9321.416,271.7
STEEL EXCHANGE INDIA LTD31.7941.651,324.0
SAL STEEL LTD12.4399.901,241.8
VRAJ IRON & STEEL LTD31.9312.32393.5
VASWANI INDUSTRIES LTD-0.06-2,305.24145.2
KIC METALIKS LTD3.2332.06103.6
BIHAR SPONGE IRON LTD11.699.25108.2

Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PE Analysis vs JINDAL STEEL 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -2,305.24x
Max industry PE 99.90x
Median industry PE 21.41x
Average industry PE -225.50x



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