Jindal Steel and Power Ltd (JSPL) is an Indian company located in New Delhi, India. It is a subsidiary of the OP Jindal Group and was established by Mr. OP Jindal in 1952. JSPL is one of the leading steel producers in India, with a production capacity of over 3 million tonnes per annum (MTPA). The company is engaged in the production of steel, iron ore, power, mining and other related products. JSPL is also involved in various infrastructure projects in India and abroad. The company has operations in India, Oman, UAE, South Africa, Mozambique and Australia. JSPL is listed on the Bombay Stock Exchange and the National Stock Exchange.
Stock history of Jindal Steel and Power Ltd
JSPL’s stock has been volatile over the years due to the cyclical nature of the steel and energy industries. The stock was listed on the Bombay Stock Exchange (BSE) in 2006 and has experienced significant highs and lows.
In 2007, JSPL’s stock rose to an all-time high of Rs. 930 per share, as the Indian economy boomed. However, the global financial crisis of 2008 caused a sharp decline in the stock price, and it bottomed out at Rs. 70 in March 2009. The stock has been supported by strong performance of the company and positive outlook for the steel and energy industries.
Looking ahead, JSPL’s stock price is expected to remain volatile, but is likely to remain on an upward trend. The company’s strong fundamentals, coupled with the rising demand for steel and energy in the Indian economy, should support the stock in the long run.
Currently, the stock of Jindal Steel and Power Ltd is trading at 600 INR.
Latest news about Jindal Steel and Power Ltd
➤ Jindal Steel and Power Ltd shares down by 3.11%
➤ Jindal Steel and Power Ltd awarded with Golden Peacock CSR
How to buy Jindal Steel and Power Ltd shares?
To buy shares of Jindal Steel and Power Ltd, one can open a demat and trading account with a registered broker or financial institution offering stockbroking services. Once the account is opened and the necessary KYC documents are submitted, the investor can place an order through either online or offline mode to buy Jindal Steel and Power Ltd shares. After the order is placed, the broker will execute the transaction on the stock exchange and the shares will be credited to the demat account of the investor.
You can buy shares from the following trading platforms:
| Zerodha | Click here |
| Upstox | Click here |
| Groww | Click here |
| AngelOne | Click here |
| ICICIDirect | Click here |
Share Price Prediction of Jindal Steel and Power Ltd: 2023 to 2030
Share Price Target 2023 of Jindal Steel and Power Ltd is ₹821.09
| When | Maximum Price | Minimum Price |
| January 2023 | ₹600.00 | ₹467.89 |
| February 2023 | ₹612.00 | ₹470.77 |
| March 2023 | ₹459.00 | ₹353.08 |
| April 2023 | ₹504.90 | ₹388.38 |
| May 2023 | ₹420.75 | ₹323.65 |
| June 2023 | ₹504.90 | ₹388.38 |
| July 2023 | ₹605.88 | ₹466.06 |
| August 2023 | ₹666.47 | ₹512.67 |
| September 2023 | ₹699.79 | ₹538.30 |
| October 2023 | ₹666.47 | ₹512.67 |
| November 2023 | ₹733.11 | ₹563.93 |
| December 2023 | ₹821.09 | ₹631.61 |
According to the analysts, JSPL is expected to benefit from the growing demand for steel and power in India and it is expected to witness an increase in its revenues, driven by the expansion of its existing capacity, as well as from the commissioning of its new projects. As a result of this, the stock price of JSPL is expected to increase, and it could reach a target price of ₹821.09 by 2023.
Share Price Target 2024 of Jindal Steel and Power Ltd is ₹1,149.56
| When | Maximum Price | Minimum Price |
| January 2024 | ₹864.30 | ₹664.85 |
| February 2024 | ₹971.13 | ₹809.27 |
| March 2024 | ₹1,022.24 | ₹831.09 |
| April 2024 | ₹929.31 | ₹714.85 |
| May 2024 | ₹774.42 | ₹595.71 |
| June 2024 | ₹929.31 | ₹714.85 |
| July 2024 | ₹789.91 | ₹612.34 |
| August 2024 | ₹868.90 | ₹689.61 |
| September 2024 | ₹912.35 | ₹701.81 |
| October 2024 | ₹1,073.35 | ₹825.66 |
| November 2024 | ₹1,127.02 | ₹866.94 |
| December 2024 | ₹1,149.56 | ₹884.28 |
Keeping in mind the uncertainty of market, it can be predicted that the share price of Jindal Steel and Power Ltd might reach ₹1,149.56 by December 2024.
Share Price Target 2025 of Jindal Steel and Power Ltd is ₹1,394.43
| When | Maximum Price | Minimum Price |
| January 2025 | ₹1,172.55 | ₹901.96 |
| February 2025 | ₹1,234.26 | ₹949.43 |
| March 2025 | ₹1,295.98 | ₹996.91 |
| April 2025 | ₹1,157.12 | ₹890.09 |
| May 2025 | ₹1,051.93 | ₹809.18 |
| June 2025 | ₹1,157.12 | ₹890.09 |
| July 2025 | ₹1,102.02 | ₹847.71 |
| August 2025 | ₹1,147.94 | ₹883.03 |
| September 2025 | ₹1,205.34 | ₹927.18 |
| October 2025 | ₹1,277.66 | ₹982.81 |
| November 2025 | ₹1,367.09 | ₹1,051.61 |
| December 2025 | ₹1,394.43 | ₹1,072.64 |
Jindal Steel and Power Ltd per share price might reach ₹1,394.43 by the end of 2025.
Jindal Steel and Power Ltd Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹976.10 | ₹683.27 |
| 2027 | ₹829.69 | ₹580.78 |
| 2028 | ₹1,493.44 | ₹1,045.41 |
| 2029 | ₹3,067.75 | ₹2,147.43 |
| 2030 | ₹3,416.36 | ₹2,391.45 |
The Jindal Steel and Power Ltd share price is expected to grow steadily over the next seven years. According to market analysis, the share price could reach anywhere between Rs. 976 in 2026 and reach Rs. 3,416 in 2030. The growth in share price is likely to be supported by the company’s efforts to expand its presence in the steel and power sectors as well as its focus on energy efficiency and sustainability. Additionally, the government’s focus on infrastructure development is expected to positively impact the sector and fuel the growth of Jindal Steel and Power Ltd.
Financial Condition of Jindal Steel and Power Ltd: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 | Trailing | Best Case | Worst Case |
| Sales | 33,286.38 | 46,965.74 | 37,923.19 | 34,578.90 | 51,165.64 | 53,431.16 | 75,708.68 | 52,713.08 |
| Expenses | 26,817.27 | 38,553.26 | 31,092.14 | 23,646.17 | 37,089.30 | 41,680.73 | 56,216.34 | 41,120.57 |
| Operating Profit | 6,469.11 | 8,412.48 | 6,831.05 | 10,932.73 | 14,076.34 | 11,750.43 | 19,492.34 | 11,592.51 |
| Other Income | -584.43 | -1,469.63 | 74.45 | 312.59 | -401.36 | 498.55 | – | – |
| Depreciation | 3,883.03 | 5,480.35 | 3,428.87 | 2,414.13 | 2,096.78 | 2,095.36 | 2,095.36 | 2,095.36 |
| Interest | 3,865.70 | 4,264.19 | 3,767.88 | 2,753.34 | 1,887.71 | 1,573.87 | 1,573.87 | 1,573.87 |
| Profit before tax | -1,864.05 | -2,801.69 | -291.25 | 6,077.85 | 9,690.49 | 8,579.75 | 15,823.11 | 7,923.28 |
| Tax | -239.81 | -390.17 | 108.45 | 1,810.81 | 2,924.53 | 1,516.32 | 18% | 18% |
| Net profit | -1,409.11 | -1,645.34 | -109.17 | 3,633.56 | 5,753.05 | 5,320.27 | 13,026.65 | 6,522.98 |
| EPS | -14.56 | -17.00 | -1.07 | 35.62 | 56.40 | 52.16 | 127.70 | 63.95 |
| Price to earning | -15.05 | -10.57 | -76.80 | 9.65 | 9.45 | 11.53 | 11.53 | 10.21 |
| Price | 219.10 | 179.70 | 82.20 | 343.60 | 532.85 | 601.10 | 1,471.79 | 652.64 |
| RATIOS: | ||||||||
| Dividend Payout | 0.00% | 0.00% | 0.00% | 0.00% | 5.27% | |||
| OPM | 19.43% | 17.91% | 18.01% | 31.62% | 27.51% | 21.99% |
FAQS
Will the share price of Jindal Steel and Power Ltd increase in 2023?
Yes, the per share price of Jindal Steel and Power Ltd will grow and reach ₹821.09 by the December of 2023.
What is the price prediction for Jindal Steel and Power Ltd for 2030?
The per share price of Jindal Steel and Power Ltd might reach around ₹3,416.36 by the end of 2030.
What is the current market capitalisation of Jindal Steel and Power Ltd?
At the time of writing, the Jindal Steel and Power Ltd share price is trading at ₹600 with a market capitalisation of 603.02 billion INR.
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Conclusion
Jindal Steel and Power Ltd is a major steel and power company in India and is expected to continue to grow in the next decade. Based on its current performance, we expect the share price of Jindal Steel and Power Ltd to increase steadily in the coming years. We anticipate that the share price will reach a high of Rs. 821.00 in 2023 and continue to rise to Rs. 3,416.36 by 2030. With a robust financial position and a focus on innovation and sustainability, Jindal Steel and Power Ltd is well-positioned to take advantage of the growing Indian economy and meet its long-term goals.
