Jindal Stainless Limited (JSL) - Net Assets
Based on the latest financial reports, Jindal Stainless Limited (JSL) has net assets worth Rs181.06 Billion INR (≈ $1.96 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 (Rs390.78 Billion ≈ $4.23 Billion USD) and total liabilities (Rs209.72 Billion ≈ $2.27 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 Stainless Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs181.06 Billion |
| % of Total Assets | 46.33% |
| Annual Growth Rate | 16.58% |
| 5-Year Change | 419.15% |
| 10-Year Change | N/A |
| Growth Volatility | 67.14 |
Jindal Stainless Limited - Net Assets Trend (2005–2025)
This chart illustrates how Jindal Stainless Limited's net assets have evolved over time, based on quarterly financial data. Also explore JSL current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Jindal Stainless Limited (2005–2025)
The table below shows the annual net assets of Jindal Stainless Limited from 2005 to 2025. For live valuation and market cap data, see JSL market cap.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 1015470.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs123.45 Billion | 73.98% |
| Common Stock | Rs1.65 Billion | 0.99% |
| Other Comprehensive Income | Rs569.90 Million | 0.34% |
| Other Components | Rs41.21 Billion | 24.69% |
| Total Equity | Rs166.88 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 |
|---|---|
|
GATX Corporation
NYSE:GATX
|
$6.84 Billion |
|
Canadian Tire Corporation Limited
TO:CTC-A
|
$6.84 Billion |
|
Smith AO Corporation
NYSE:AOS
|
$6.84 Billion |
|
Hyatt Hotels Corporation
NYSE:H
|
$6.85 Billion |
|
Public Power Corporation S.A.
AT:PPC
|
$6.84 Billion |
|
Beijing Sifang Automation Co Ltd
SHG:601126
|
$6.83 Billion |
|
Silicon Laboratories Inc
NASDAQ:SLAB
|
$6.83 Billion |
|
Merus BV
NASDAQ:MRUS
|
$6.83 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 2024 to 2025, total equity changed from 143,579,000,000 to 166,879,400,000, a change of 23,300,400,000 (16.2%).
- Net income of 25,052,000,000 contributed positively to equity growth.
- Dividend payments of 2,448,600,000 reduced retained earnings.
- Share repurchases of 29,000,000 reduced equity.
- New share issuances of 29,000,000 increased equity.
- Other comprehensive income increased equity by 399,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs25.05 Billion | +15.01% |
| Dividends Paid | Rs2.45 Billion | -1.47% |
| Share Repurchases | Rs29.00 Million | -0.02% |
| Share Issuances | Rs29.00 Million | +0.02% |
| Other Comprehensive Income | Rs399.50 Million | +0.24% |
| Other Changes | Rs297.50 Million | +0.18% |
| Total Change | Rs- | 16.23% |
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: 3.79x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 13.17x to 3.79x 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 | Rs767.40 | x |
| 2006-03-31 | Rs66.50 | Rs767.40 | x |
| 2007-03-31 | Rs27.69 | Rs767.40 | x |
| 2008-03-31 | Rs36.49 | Rs767.40 | x |
| 2009-03-31 | Rs24.96 | Rs767.40 | x |
| 2010-03-31 | Rs37.58 | Rs767.40 | x |
| 2011-03-31 | Rs44.05 | Rs767.40 | x |
| 2012-03-31 | Rs41.42 | Rs767.40 | x |
| 2013-03-31 | Rs70.42 | Rs767.40 | x |
| 2014-03-31 | Rs3.03 | Rs767.40 | x |
| 2015-03-31 | Rs6.22 | Rs767.40 | x |
| 2016-03-31 | Rs-3.03 | Rs767.40 | x |
| 2017-03-31 | Rs50.87 | Rs767.40 | x |
| 2018-03-31 | Rs39.63 | Rs767.40 | x |
| 2019-03-31 | Rs54.06 | Rs767.40 | x |
| 2020-03-31 | Rs56.20 | Rs767.40 | x |
| 2021-03-31 | Rs64.81 | Rs767.40 | x |
| 2022-03-31 | Rs120.54 | Rs767.40 | x |
| 2023-03-31 | Rs144.90 | Rs767.40 | x |
| 2024-03-31 | Rs174.30 | Rs767.40 | x |
| 2025-03-31 | Rs202.55 | Rs767.40 | 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): 15.01%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.37%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 2.17x
- Recent ROE (15.01%) is above the historical average (-93.15%), 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 |
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: $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 Stainless Limited (JSL) | Rs181.06 Billion | 29.85% | 1.16x | $6.84 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 Stainless Limited
Jindal Stainless Limited manufactures and sells stainless-steel flat products in India and internationally. The company provides ferro alloys, stainless steel slabs and blooms, hot rolled coils, plates and sheets, and cold rolled coils and sheets, as well as razor-blade steel, precision strips, and long products. It serves automobile, railway and transport, process and engineering, consumer durab… Read more