Jindal Steel & Power Limited (JINDALSTEL) - Net Assets

Latest as of March 2026: Rs518.41 Billion INR ≈ $5.61 Billion USD

Based on the latest financial reports, Jindal Steel & Power Limited (JINDALSTEL) has net assets worth Rs518.41 Billion INR (≈ $5.61 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs977.62 Billion ≈ $10.57 Billion USD) and total liabilities (Rs459.21 Billion ≈ $4.97 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Jindal Steel & Power Limited (JINDALSTEL) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs518.41 Billion
% of Total Assets	53.03%
Annual Growth Rate	19.1%
5-Year Change	39.75%
10-Year Change	68.88%
Growth Volatility	24.66

Jindal Steel & Power Limited - Net Assets Trend (2005–2026)

This chart illustrates how Jindal Steel & Power Limited's net assets have evolved over time, based on quarterly financial data. See Jindal Steel & Power Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Jindal Steel & Power Limited (2005–2026)

The table below shows the annual net assets of Jindal Steel & Power Limited from 2005 to 2026. For live valuation and market cap data, see Jindal Steel & Power Limited stock valuation.

Year	Net Assets	Change
2026-03-31	Rs518.41 Billion ≈ $5.61 Billion	+9.32%
2025-03-31	Rs474.19 Billion ≈ $5.13 Billion	+5.96%
2024-03-31	Rs447.51 Billion ≈ $4.84 Billion	+14.69%
2023-03-31	Rs390.19 Billion ≈ $4.22 Billion	+5.19%
2022-03-31	Rs370.95 Billion ≈ $4.01 Billion	+19.91%
2021-03-31	Rs309.37 Billion ≈ $3.35 Billion	-1.35%
2020-03-31	Rs313.61 Billion ≈ $3.39 Billion	-2.38%
2019-03-31	Rs321.27 Billion ≈ $3.47 Billion	+4.22%
2018-03-31	Rs308.25 Billion ≈ $3.33 Billion	+0.42%
2017-03-31	Rs306.97 Billion ≈ $3.32 Billion	+62.01%
2016-03-31	Rs189.47 Billion ≈ $2.05 Billion	-13.48%
2015-03-31	Rs218.99 Billion ≈ $2.37 Billion	-7.56%
2014-03-31	Rs236.91 Billion ≈ $2.56 Billion	+8.63%
2013-03-31	Rs218.10 Billion ≈ $2.36 Billion	+18.41%
2012-03-31	Rs184.18 Billion ≈ $1.99 Billion	+28.41%
2011-03-31	Rs143.44 Billion ≈ $1.55 Billion	+35.54%
2010-03-31	Rs105.83 Billion ≈ $1.14 Billion	+49.98%
2009-03-31	Rs70.56 Billion ≈ $763.07 Million	+82.70%
2008-03-31	Rs38.62 Billion ≈ $417.66 Million	+50.60%
2007-03-31	Rs25.64 Billion ≈ $277.33 Million	+34.65%
2006-03-31	Rs19.05 Billion ≈ $205.96 Million	+44.35%
2005-03-31	Rs13.19 Billion ≈ $142.69 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Jindal Steel & Power Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs1.02 Billion	0.20%
Other Components	Rs507.97 Billion	99.80%
Total Equity	Rs508.99 Billion	100.00%

Jindal Steel & Power Limited Competitors by Market Cap

The table below lists competitors of Jindal Steel & Power Limited ranked by their market capitalization.

Company	Market Cap
Embraer S.A. SA:EMBR3	$12.52 Billion
Lululemon Athletica Inc F:33L	$12.53 Billion
VERBUND AG ADR 1/5/O.N. F:OEW	$12.54 Billion
Postal Savings Bank of China Co Ltd F:3YB	$12.56 Billion
Nio Inc Class A ADR NYSE:NIO	$12.52 Billion
TURKIYE GARANTI BANKASI AS F:GBKB	$12.52 Billion
Bankinter MC:BKT	$12.50 Billion
Societatea Nationala de Gaze Naturale Romgaz SA RO:SNG	$12.48 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Jindal Steel & Power Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 471,848,800,000 to 508,989,100,000, a change of 37,140,300,000 (7.9%).
Net income of 33,673,800,000 contributed positively to equity growth.
Dividend payments of 2,042,400,000 reduced retained earnings.
New share issuances of 8,201,600,000 increased equity.
Other comprehensive income increased equity by 56,500,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs33.67 Billion	+6.62%
Dividends Paid	Rs2.04 Billion	-0.4%
Share Issuances	Rs8.20 Billion	+1.61%
Other Comprehensive Income	Rs56.50 Million	+0.01%
Other Changes	Rs-2.75 Billion	-0.54%
Total Change	Rs-	7.87%

Book Value vs Market Value Analysis

This analysis compares Jindal Steel & Power Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 2.27x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 79.66x to 2.27x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs14.28	Rs1137.70	x
2006-03-31	Rs18.97	Rs1137.70	x
2007-03-31	Rs25.49	Rs1137.70	x
2008-03-31	Rs38.41	Rs1137.70	x
2009-03-31	Rs70.25	Rs1137.70	x
2010-03-31	Rs103.77	Rs1137.70	x
2011-03-31	Rs140.57	Rs1137.70	x
2012-03-31	Rs180.42	Rs1137.70	x
2013-03-31	Rs227.34	Rs1137.70	x
2014-03-31	Rs247.14	Rs1137.70	x
2015-03-31	Rs229.99	Rs1137.70	x
2016-03-31	Rs198.35	Rs1137.70	x
2017-03-31	Rs328.45	Rs1137.70	x
2018-03-31	Rs331.62	Rs1137.70	x
2019-03-31	Rs335.02	Rs1137.70	x
2020-03-31	Rs316.64	Rs1137.70	x
2021-03-31	Rs311.88	Rs1137.70	x
2022-03-31	Rs349.25	Rs1137.70	x
2023-03-31	Rs384.60	Rs1137.70	x
2024-03-31	Rs441.40	Rs1137.70	x
2025-03-31	Rs466.89	Rs1137.70	x
2026-03-31	Rs500.62	Rs1137.70	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Jindal Steel & Power Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 6.62%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.33%
• Asset Turnover: 0.54x
• Equity Multiplier: 1.92x
Recent ROE (6.62%) is below the historical average (12.97%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	39.09%	22.88%	0.63x	2.72x	Rs3.84 Billion
2006	30.11%	22.13%	0.39x	3.48x	Rs3.83 Billion
2007	27.32%	19.86%	0.35x	3.91x	Rs4.43 Billion
2008	32.45%	22.79%	0.41x	3.45x	Rs8.66 Billion
2009	42.65%	27.71%	0.56x	2.74x	Rs23.02 Billion
2010	34.89%	32.77%	0.44x	2.41x	Rs25.93 Billion
2011	26.96%	29.01%	0.36x	2.55x	Rs23.93 Billion
2012	22.10%	21.98%	0.40x	2.49x	Rs21.91 Billion
2013	13.69%	14.69%	0.35x	2.69x	Rs7.85 Billion
2014	-5.65%	-6.60%	0.26x	3.28x	Rs-35.39 Billion
2015	-6.07%	-6.60%	0.26x	3.59x	Rs-33.82 Billion
2016	-16.35%	-16.15%	0.25x	4.05x	Rs-47.81 Billion
2017	-7.59%	-10.84%	0.23x	3.01x	Rs-52.86 Billion
2018	-4.64%	-5.15%	0.31x	2.94x	Rs-44.48 Billion
2019	-5.07%	-4.18%	0.44x	2.76x	Rs-48.88 Billion
2020	-0.34%	-0.36%	0.34x	2.79x	Rs-33.23 Billion
2021	11.42%	10.52%	0.44x	2.45x	Rs4.52 Billion
2022	16.15%	11.26%	0.67x	2.15x	Rs21.91 Billion
2023	8.20%	6.02%	0.76x	1.79x	Rs-6.97 Billion
2024	13.40%	11.87%	0.64x	1.78x	Rs15.07 Billion
2025	5.96%	5.65%	0.58x	1.82x	Rs-19.06 Billion
2026	6.62%	6.33%	0.54x	1.92x	Rs-17.23 Billion

Industry Comparison

This section compares Jindal Steel & Power Limited's net assets metrics with peer companies in the Steel industry.

Industry Context

Industry: Steel
Average net assets among peers: $3,929,714,773
Average return on equity (ROE) among peers: 11.78%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jindal Steel & Power Limited (JINDALSTEL)	Rs518.41 Billion	39.09%	0.89x	$12.52 Billion
Ankit Metal & Power Limited (ANKITMETAL)	$1.20 Billion	5.37%	2.25x	$2.35 Million
APL Apollo Tubes Limited (APLAPOLLO)	$2.99 Billion	16.39%	1.36x	$5.62 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$2.83 Billion	21.21%	1.65x	$519.36 Million
Bedmutha Industries Limited (BEDMUTHA)	$1.28 Billion	-0.96%	1.05x	$38.75 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$1.38 Billion	0.97%	2.02x	$159.24 Million
Electrotherm (India) Limited (ELECTHERM)	$-12.22 Billion	0.00%	0.00x	$147.97 Million
Grand Foundry Limited (GFSTEELS)	$-57.50 Million	0.00%	0.00x	$4.48 Million
Goodluck India Limited (GOODLUCK)	$978.14 Million	20.56%	2.88x	$511.66 Million
Godawari Power And Ispat limited (GPIL)	$34.42 Billion	42.63%	0.42x	$1.89 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$6.49 Billion	11.66%	0.88x	$139.05 Million

About Jindal Steel & Power Limited

NSE:JINDALSTEL India Steel

Market Cap

$12.52 Billion

Rs1.16 Trillion INR

Market Cap Rank

#1901 Global

#71 in India

Share Price

Rs1137.70

Change (1 day)

+0.51%

52-Week Range

Rs910.70 - Rs1288.80

All Time High

Rs1288.80