One of India’s largest integrated steelmakers, Jindal Steel & Power is serving up rails, rebars, and rising ROEs — with a side of CFO resignations and iron ore mining wins.
2. Introduction with Hook
If Jindal Steel was a Bollywood character, it’d be Sunny Deol in Gadar — underrated, powerful, and randomly shouting “Dharti hil jaayegi!”
Market Cap: ₹98,204 Cr
FY25 PAT: ₹2,846 Cr
FY25 EPS: ₹27.57
Mines in Odisha, bots in Mozambique, and some Q4 losses from…other income chaos.
It’s a steel company. But oh boy, is there drama.
3. Business Model (WTF Do They Even Do?)
Jindal Steel & Power = Steel manufacturing + Power generation + Mining empire.
Products:
Plates & coils
Wire rods & rebars
Rails (yes, actual railway tracks)
Structurals (angles, beams, etc.)
Business Ops:
10 MTPA steel capacity (and growing)
Power plants (to use waste heat + sell excess)
Global subsidiaries across 10+ countries
They make steel. They use power. They mine rocks. Classic.
4. Financials Overview
Year
Revenue (₹ Cr)
PAT (₹ Cr)
OPM %
ROE %
FY23
53,212
3,974
19%
8%
FY24
50,354
5,943
20%
13%
FY25
49,765
2,846
19%
7.83%
Red flags? Flat sales. ROE sliding. And net profit falling 50% YoY in FY25.
