Jindal Stainless Limited Net Assets

Latest as of March 2026: Rs198.82 Billion INR ≈ $2.15 Billion USD

Jindal Stainless Limited net assets. Based on the latest financial reports, Jindal Stainless Limited (JSL) has net assets worth Rs198.82 Billion INR (≈ $2.15 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 (Rs407.04 Billion ≈ $4.40 Billion USD) and total liabilities (Rs208.21 Billion ≈ $2.25 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. Also explore Jindal Stainless Limited equity growth rate to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs198.82 Billion
% of Total Assets	48.85%
Annual Growth Rate	16.69%
5-Year Change	280.38%
10-Year Change	992.45%
Growth Volatility	65.45

Net Assets of Jindal Stainless Limited (2005–2026)

Net assets of Jindal Stainless Limited from 2005 to 2026. This chart illustrates how Jindal Stainless Limited's net assets have evolved over time, based on quarterly financial data. See JSL net asset quality index to measure how much of total assets are equity-financed.

Annual Net Assets for Jindal Stainless Limited (2005–2026)

The table below shows the annual net assets of Jindal Stainless Limited from 2005 to 2026. For live market cap and overall valuation, see market cap of Jindal Stainless Limited.

Year	Net Assets	Change
2026-03-31	Rs198.82 Billion ≈ $2.15 Billion	+19.00%
2025-03-31	Rs167.08 Billion ≈ $1.81 Billion	+16.23%
2024-03-31	Rs143.75 Billion ≈ $1.55 Billion	+20.11%
2023-03-31	Rs119.68 Billion ≈ $1.29 Billion	+128.96%
2022-03-31	Rs52.27 Billion ≈ $565.27 Million	+62.41%
2021-03-31	Rs32.18 Billion ≈ $348.06 Million	+17.88%
2020-03-31	Rs27.30 Billion ≈ $295.27 Million	+4.91%
2019-03-31	Rs26.03 Billion ≈ $281.45 Million	+5.19%
2018-03-31	Rs24.74 Billion ≈ $267.57 Million	+35.95%
2017-03-31	Rs18.20 Billion ≈ $196.82 Million	+1380.33%
2016-03-31	Rs-1.42 Billion ≈ $-15.37 Million	-170.22%
2015-03-31	Rs2.02 Billion ≈ $21.89 Million	+142.10%
2014-03-31	Rs836.13 Million ≈ $9.04 Million	-93.85%
2013-03-31	Rs13.59 Billion ≈ $146.97 Million	-35.41%
2012-03-31	Rs21.04 Billion ≈ $227.55 Million	-6.02%
2011-03-31	Rs22.39 Billion ≈ $242.13 Million	+17.23%
2010-03-31	Rs19.10 Billion ≈ $206.54 Million	+50.29%
2009-03-31	Rs12.71 Billion ≈ $137.43 Million	-31.11%
2008-03-31	Rs18.45 Billion ≈ $199.51 Million	+31.97%
2007-03-31	Rs13.98 Billion ≈ $151.18 Million	+40.28%
2006-03-31	Rs9.97 Billion ≈ $107.77 Million	+28.23%
2005-03-31	Rs7.77 Billion ≈ $84.05 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Jindal Stainless 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 1257664.9% over the analyzed period, indicating profitable operations and earnings retention.

Jindal Stainless Limited Net Assets Breakdown (March 2026)

Jindal Stainless Limited net assets breakdown by equity component as of March 2026.

Component	Amount	Percentage
Retained Earnings	Rs152.89 Billion	77.25%
Common Stock	Rs1.65 Billion	0.83%
Other Comprehensive Income	Rs2.75 Billion	1.39%
Other Components	Rs40.62 Billion	20.52%
Total Equity	Rs197.91 Billion	100.00%

Jindal Stainless Limited Competitors by Market Cap

The table below lists competitors of Jindal Stainless Limited ranked by their market capitalization.

Company	Market Cap
General Insurance Corporation of India NSE:GICRE	$6.05 Billion
Valaris Ltd NYSE:VAL	$6.06 Billion
Sensata Technologies Holding NV NYSE:ST	$6.06 Billion
Swissquote Group Holding SA SW:SQN	$6.07 Billion
Zhuzhou CRRC Times Electric Co Ltd SHG:688187	$6.05 Billion
Xp Inc NASDAQ:XP	$6.05 Billion
Gan & Lee Pharmaceuticals Co Ltd SHG:603087	$6.05 Billion
Australian Foundation Investment Company Ltd AU:AFI	$6.05 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2025 to 2026, total equity changed from 166,879,400,000 to 197,912,800,000, a change of 31,033,400,000 (18.6%).
Net income of 31,934,500,000 contributed positively to equity growth.
Dividend payments of 2,448,600,000 reduced retained earnings.
New share issuances of 42,200,000 increased equity.
Other comprehensive income increased equity by 2,183,000,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs31.93 Billion	+16.14%
Dividends Paid	Rs2.45 Billion	-1.24%
Share Issuances	Rs42.20 Million	+0.02%
Other Comprehensive Income	Rs2.18 Billion	+1.1%
Other Changes	Rs-677.70 Million	-0.34%
Total Change	Rs-	18.60%

Book Value vs Market Value Analysis

This analysis compares Jindal Stainless 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: 2.83x
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 11.65x to 2.83x 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	Rs58.26	Rs678.95	x
2006-03-31	Rs66.50	Rs678.95	x
2007-03-31	Rs27.69	Rs678.95	x
2008-03-31	Rs36.49	Rs678.95	x
2009-03-31	Rs24.96	Rs678.95	x
2010-03-31	Rs37.58	Rs678.95	x
2011-03-31	Rs44.05	Rs678.95	x
2012-03-31	Rs41.42	Rs678.95	x
2013-03-31	Rs70.42	Rs678.95	x
2014-03-31	Rs3.03	Rs678.95	x
2015-03-31	Rs6.22	Rs678.95	x
2016-03-31	Rs-3.03	Rs678.95	x
2017-03-31	Rs50.87	Rs678.95	x
2018-03-31	Rs39.63	Rs678.95	x
2019-03-31	Rs54.06	Rs678.95	x
2020-03-31	Rs56.20	Rs678.95	x
2021-03-31	Rs64.81	Rs678.95	x
2022-03-31	Rs120.54	Rs678.95	x
2023-03-31	Rs144.90	Rs678.95	x
2024-03-31	Rs174.30	Rs678.95	x
2025-03-31	Rs202.55	Rs678.95	x
2026-03-31	Rs239.84	Rs678.95	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Jindal Stainless 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): 16.14%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.43%
• Asset Turnover: 1.06x
• Equity Multiplier: 2.06x
Recent ROE (16.14%) is above the historical average (-88.18%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	29.85%	7.55%	0.91x	4.33x	Rs1.54 Billion
2006	16.29%	5.16%	0.66x	4.81x	Rs625.07 Million
2007	24.26%	6.79%	0.74x	4.80x	Rs1.99 Billion
2008	14.47%	4.97%	0.54x	5.34x	Rs819.64 Million
2009	-46.40%	-10.98%	0.48x	8.76x	Rs-7.08 Billion
2010	20.49%	6.31%	0.48x	6.84x	Rs1.98 Billion
2011	14.23%	4.20%	0.51x	6.63x	Rs937.62 Million
2012	-8.52%	-2.02%	0.52x	8.10x	Rs-3.86 Billion
2013	-62.76%	-7.44%	0.66x	12.88x	Rs-9.75 Billion
2014	-2207.95%	-10.63%	0.78x	265.16x	Rs-13.74 Billion
2015	127.30%	3.64%	0.50x	70.58x	Rs2.33 Billion
2016	0.00%	-7.79%	0.55x	0.00x	Rs-5.42 Billion
2017	4.50%	0.88%	0.85x	6.01x	Rs-998.19 Million
2018	13.91%	2.95%	1.07x	4.39x	Rs964.50 Million
2019	5.50%	1.05%	1.27x	4.14x	Rs-1.17 Billion
2020	2.62%	0.55%	1.21x	3.93x	Rs-2.00 Billion
2021	13.08%	3.44%	1.14x	3.35x	Rs987.17 Million
2022	31.34%	9.41%	2.20x	1.51x	Rs20.97 Billion
2023	17.72%	5.92%	1.32x	2.27x	Rs9.21 Billion
2024	18.90%	7.04%	1.25x	2.15x	Rs12.77 Billion
2025	15.01%	6.37%	1.09x	2.17x	Rs8.36 Billion
2026	16.14%	7.43%	1.06x	2.06x	Rs12.14 Billion

Industry Comparison

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

Industry Context

Industry: Steel
Average net assets among peers: $1,040,938,729
Average return on equity (ROE) among peers: 0.53%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jindal Stainless Limited (JSL)	Rs198.82 Billion	29.85%	1.05x	$6.05 Billion
Ankit Metal & Power Limited (ANKITMETAL)	$-7.34 Billion	0.00%	0.00x	$3.13 Million
APL Apollo Tubes Limited (APLAPOLLO)	$18.33 Billion	19.65%	0.85x	$6.46 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$2.23 Billion	25.69%	2.12x	$101.62 Million
Bedmutha Industries Limited (BEDMUTHA)	$669.63 Million	-78.16%	9.03x	$37.49 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$1.40 Billion	1.17%	3.29x	$117.24 Million
Electrotherm (India) Limited (ELECTHERM)	$-10.82 Billion	0.00%	0.00x	$81.89 Million
Grand Foundry Limited (GFSTEELS)	$-56.35 Million	0.00%	0.00x	$12.74 Million
Goodluck India Limited (GOODLUCK)	$786.55 Million	20.98%	2.40x	$184.94 Million
Godawari Power And Ispat limited (GPIL)	$5.08 Billion	11.02%	1.22x	$1.35 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$133.09 Million	4.92%	1.35x	$109.68 Million

About Jindal Stainless Limited

NSE:JSL India Steel

Market Cap

$6.05 Billion

Rs559.42 Billion INR

Market Cap Rank

#3050 Global

#136 in India

Share Price

Rs678.95

Change (1 day)

+0.18%

52-Week Range

Rs661.90 - Rs865.65

All Time High

Rs865.65