Jindal Steel & Power Limited (JINDALSTEL) - Net Assets

Latest as of September 2025: Rs503.86 Billion INR ≈ $5.45 Billion USD

Based on the latest financial reports, Jindal Steel & Power Limited (JINDALSTEL) has net assets worth Rs503.86 Billion INR (≈ $5.45 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs917.37 Billion ≈ $9.92 Billion USD) and total liabilities (Rs413.51 Billion ≈ $4.47 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 JINDALSTEL cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs503.86 Billion
% of Total Assets	54.92%
Annual Growth Rate	19.61%
5-Year Change	53.28%
10-Year Change	150.27%
Growth Volatility	25.11

Jindal Steel & Power Limited - Net Assets Trend (2005–2025)

This chart illustrates how Jindal Steel & Power Limited's net assets have evolved over time, based on quarterly financial data. Also explore Jindal Steel & Power Limited balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Jindal Steel & Power Limited (2005–2025)

The table below shows the annual net assets of Jindal Steel & Power Limited from 2005 to 2025. For live valuation and market cap data, see Jindal Steel & Power Limited stock valuation.

Year	Net Assets	Change
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 grown by 45129110000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs451.29 Billion	95.64%
Common Stock	Rs1.01 Billion	0.21%
Other Comprehensive Income	Rs-56.50 Million	-0.01%
Other Components	Rs19.60 Billion	4.15%
Total Equity	Rs471.85 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
JERONIMO MARTINS UN.ADR/2 F:JEM0	$13.46 Billion
Pilbara Minerals Ltd AU:PLS	$13.46 Billion
Mr. Cooper Group Inc NASDAQ:COOP	$13.49 Billion
Carlsberg A/S CO:CARL-B	$13.50 Billion
Galp Energia SGPS S.A. LS:GALP	$13.45 Billion
Suzhou TA&A Ultra Clean Technology Co Ltd SHE:300390	$13.43 Billion
China Energy Engineering Corp Ltd SHG:601868	$13.43 Billion
Xiamen Tungsten Co Ltd SHG:600549	$13.42 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 2024 to 2025, total equity changed from 443,160,100,000 to 471,848,800,000, a change of 28,688,700,000 (6.5%).
Net income of 28,121,300,000 contributed positively to equity growth.
Dividend payments of 1,998,700,000 reduced retained earnings.
Share repurchases of 11,173,400,000 reduced equity.
New share issuances of 11,173,400,000 increased equity.
Other comprehensive income increased equity by 6,772,500,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs28.12 Billion	+5.96%
Dividends Paid	Rs2.00 Billion	-0.42%
Share Repurchases	Rs11.17 Billion	-2.37%
Share Issuances	Rs11.17 Billion	+2.37%
Other Comprehensive Income	Rs6.77 Billion	+1.44%
Other Changes	Rs-4.21 Billion	-0.89%
Total Change	Rs-	6.47%

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: 2.62x
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 85.64x to 2.62x 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	Rs1223.10	x
2006-03-31	Rs18.97	Rs1223.10	x
2007-03-31	Rs25.49	Rs1223.10	x
2008-03-31	Rs38.41	Rs1223.10	x
2009-03-31	Rs70.25	Rs1223.10	x
2010-03-31	Rs103.77	Rs1223.10	x
2011-03-31	Rs140.57	Rs1223.10	x
2012-03-31	Rs180.42	Rs1223.10	x
2013-03-31	Rs227.34	Rs1223.10	x
2014-03-31	Rs247.14	Rs1223.10	x
2015-03-31	Rs229.99	Rs1223.10	x
2016-03-31	Rs198.35	Rs1223.10	x
2017-03-31	Rs328.45	Rs1223.10	x
2018-03-31	Rs331.62	Rs1223.10	x
2019-03-31	Rs335.02	Rs1223.10	x
2020-03-31	Rs316.64	Rs1223.10	x
2021-03-31	Rs311.88	Rs1223.10	x
2022-03-31	Rs349.25	Rs1223.10	x
2023-03-31	Rs384.60	Rs1223.10	x
2024-03-31	Rs441.40	Rs1223.10	x
2025-03-31	Rs466.89	Rs1223.10	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): 5.96%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.65%
• Asset Turnover: 0.58x
• Equity Multiplier: 1.82x
Recent ROE (5.96%) is below the historical average (13.27%), 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

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: $56,981,137
Average return on equity (ROE) among peers: 11.55%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jindal Steel & Power Limited (JINDALSTEL)	Rs503.86 Billion	39.09%	0.82x	$13.46 Billion
Ankit Metal & Power Limited (ANKITMETAL)	$4.99 Billion	10.25%	2.32x	$2.44 Million
APL Apollo Tubes Limited (APLAPOLLO)	$155.16 Million	43.49%	4.18x	$5.72 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$4.61 Billion	15.96%	1.74x	$501.93 Million
Bedmutha Industries Limited (BEDMUTHA)	$-1.62 Billion	0.00%	0.00x	$38.63 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$222.58 Million	9.47%	2.22x	$164.68 Million
Electrotherm (India) Limited (ELECTHERM)	$-10.96 Billion	0.00%	0.00x	$111.23 Million
Grand Foundry Limited (GFSTEELS)	$-32.83 Million	0.00%	0.00x	$4.07 Million
Goodluck India Limited (GOODLUCK)	$978.14 Million	20.56%	2.88x	$451.00 Million
Godawari Power And Ispat limited (GPIL)	$2.07 Billion	26.10%	1.64x	$2.08 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$152.16 Million	-10.33%	2.30x	$111.44 Million

About Jindal Steel & Power Limited

NSE:JINDALSTEL India Steel

Market Cap

$13.46 Billion

Rs1.24 Trillion INR

Market Cap Rank

#1759 Global

#65 in India

Share Price

Rs1223.10

Change (1 day)

-0.41%

52-Week Range

Rs851.15 - Rs1288.80

All Time High

Rs1288.80