Jindal Stainless Limited — year ended 31 March 2026 (audited; quarter ended 31 March 2026 audited; quarter ended 31 December 2025 unaudited)
| Sr. No. | Particulars | For the quarter ended | For the year ended | |||
|---|---|---|---|---|---|---|
| 31 March 2026 Audited (Refer note 4) |
31 December 2025 Unaudited |
31 March 2025 Audited (Refer note 4) |
31 March 2026 Audited |
31 March 2025 Audited |
||
| I | Income | |||||
| Revenue from operations | 10,826.47 | 10,632.35 | 10,785.53 | 42,680.22 | 40,181.68 | |
| II | Other income | 124.19 | 105.62 | 359.42 | 431.93 | 639.18 |
| III | Total income | 10,950.66 | 10,737.97 | 11,144.95 | 43,112.15 | 40,820.86 |
| IV | Expenses | |||||
| Cost of materials consumed | 6,580.83 | 6,951.66 | 7,375.22 | 28,172.37 | 27,753.46 | |
| Purchases of stock-in-trade | 82.49 | 70.40 | 59.17 | 326.74 | 327.63 | |
| Changes in inventories of finished goods, work in progress and stock-in-trade | 594.83 | 215.83 | 138.90 | 366.89 | (517.39) | |
| Employee benefits expense | 200.64 | 214.14 | 194.34 | 823.68 | 727.90 | |
| Finance costs | 94.41 | 91.98 | 109.06 | 381.84 | 441.79 | |
| Depreciation and amortisation expenses | 207.97 | 200.06 | 185.81 | 792.61 | 734.96 | |
| Stores and spares consumed | 503.72 | 509.15 | 443.53 | 1,976.64 | 1,830.39 | |
| Power and fuel | 613.34 | 583.76 | 618.43 | 2,409.91 | 2,275.61 | |
| Other expenses | 1,139.46 | 983.97 | 1,065.46 | 4,281.79 | 3,878.88 | |
| Total expenses | 10,017.69 | 9,820.95 | 10,189.92 | 39,532.47 | 37,453.23 | |
| V | Profit before exceptional items and tax | 932.97 | 917.02 | 955.03 | 3,579.68 | 3,367.63 |
| VI | Exceptional items – refer note 11 | 182.42 | (25.53) | 151.55 | 156.89 | 151.55 |
| VII | Profit before tax | 1,115.39 | 891.49 | 1,106.58 | 3,736.57 | 3,519.18 |
| VIII | Tax expense | |||||
| Current tax | 198.46 | 234.58 | 165.04 | 882.34 | 789.03 | |
| Deferred tax | 27.09 | (8.94) | 20.95 | 12.14 | 23.31 | |
| Taxes pertaining to earlier years | (1.73) | – | (4.35) | (0.86) | (4.35) | |
| IX | Profit for the period | 891.57 | 665.85 | 924.94 | 2,842.95 | 2,711.19 |
| X | Other comprehensive income | |||||
| Items that will not be reclassified to profit or loss | ||||||
| Items that will not be reclassified to profit or loss | 22.86 | – | (14.81) | 22.86 | (14.81) | |
| Income-tax effect on above | (3.26) | – | 3.73 | (3.26) | 3.73 | |
| Total other comprehensive income/(loss) | 19.60 | – | (11.08) | 19.60 | (11.08) | |
| XI | Total comprehensive income for the period (comprising profit and other comprehensive income for the period) | 911.17 | 665.85 | 913.86 | 2,862.55 | 2,700.11 |
| XII | Paid-up Equity Share Capital (face value of ₹ 2 each) | 164.79 | 164.74 | 164.73 | 164.79 | 164.73 |
| XIII | Other equity | 18,702.42 | 16,032.15 | |||
| XIV | Earning per share (EPS) (face value of ₹ 2 each) | |||||
| a) Basic | 10.82 | 8.08 | 11.23 | 34.51 | 32.92 | |
| b) Diluted | 10.81 | 8.07 | 11.23 | 34.46 | 32.91 |
| Sr. No. | Particulars | As at 31 March 2026 | As at 31 March 2025 |
|---|---|---|---|
| ASSETS | |||
| 1 | Non-current assets | ||
| (a) Property, plant and equipment | 9,796.10 | 8,297.55 | |
| (b) Capital work-in-progress | 1,395.55 | 1,608.64 | |
| (c) Right of use assets | 465.23 | 469.75 | |
| (d) Goodwill | 89.95 | 89.95 | |
| (e) Other intangible assets | 552.86 | 630.75 | |
| (f) Intangible assets under development | 11.43 | 12.55 | |
| (g) Financial assets | |||
| (i) Investments | 5,268.53 | 3,374.10 | |
| (ii) Loans | 1,776.43 | 2,779.20 | |
| (iii) Other financial assets | 602.01 | 248.39 | |
| (h) Other non-current assets | 496.71 | 363.47 | |
| 2 | Current assets | ||
| (a) Inventories | 7,906.03 | 8,512.80 | |
| (b) Financial assets | |||
| (i) Investments | 55.72 | 55.69 | |
| (ii) Trade receivables | 3,275.78 | 3,866.48 | |
| (iii) Cash and cash equivalents | 219.00 | 514.42 | |
| (iv) Bank balances other than (iii) above | 2,157.91 | 1,342.49 | |
| (v) Loans | 23.71 | 21.37 | |
| (vi) Other financial assets | 295.31 | 266.24 | |
| (c) Other current assets | 578.93 | 555.83 | |
| TOTAL – ASSETS | 34,967.19 | 33,009.67 | |
| EQUITY AND LIABILITIES | |||
| EQUITY | |||
| (a) Equity share capital | 164.79 | 164.73 | |
| (b) Other equity | 18,702.42 | 16,032.15 | |
| 1 | LIABILITIES | ||
| Non-current liabilities | |||
| (a) Financial liabilities | |||
| (i) Borrowings | 2,573.06 | 2,764.14 | |
| (ii) Lease liabilities | 63.18 | 81.69 | |
| (iii) Other financial liabilities | – | 19.42 | |
| (b) Provisions | 97.09 | 58.41 | |
| (c) Deferred tax liabilities (net) | 991.96 | 976.56 | |
| (d) Other non-current liabilities | 331.71 | 400.55 | |
| 2 | Current liabilities | ||
| (a) Financial liabilities | |||
| (i) Borrowings | 1,948.77 | 1,589.58 | |
| (ii) Lease liabilities | 13.56 | 8.71 | |
| (iii) Trade payables | |||
| (a) Total outstanding dues of micro enterprises and small enterprises | 161.70 | 192.22 | |
| (b) Total outstanding dues of creditors other than micro enterprises and small enterprises | 7,874.06 | 8,953.16 | |
| (iv) Other financial liabilities | 1,751.65 | 1,474.77 | |
| (b) Other current liabilities | 261.29 | 241.14 | |
| (c) Provisions | 4.83 | 3.60 | |
| (d) Income tax liabilities (net) | 27.12 | 48.84 | |
| TOTAL – EQUITY AND LIABILITIES | 34,967.19 | 33,009.67 |
| Particulars | For the year ended 31 March 2026 | For the year ended 31 March 2025 |
|---|---|---|
| A Cash flows from operating activities | ||
| Profit before tax | 3,736.57 | 3,519.18 |
| Adjustments for: | ||
| Depreciation and amortisation expense | 792.61 | 734.96 |
| (Profit)/loss on disposal of property, plant and equipment (net) | 2.02 | (0.86) |
| Gain on derecognition of right-of-use assets | (1.44) | – |
| Fair value gain on investments | (7.67) | (6.40) |
| Liabilities no longer required, written back | (4.45) | (12.82) |
| Amortisation of deferred revenue | – | (4.76) |
| Interest income on financial assets measured at amortised cost | (79.74) | (1.60) |
| Unwinding of discount on financial assets measured at amortised cost | 1.01 | 1.46 |
| Bad debts written off and allowance for expected credit loss | 36.61 | 8.48 |
| Profit on sale of investments | (194.35) | (155.50) |
| Interest income on fixed deposits, receivables and income-tax refund | (304.74) | (344.82) |
| Dividend income | (0.02) | (245.08) |
| Net unrealised foreign exchange gain | (12.76) | (37.59) |
| Employee stock options expenses | 41.54 | 35.06 |
| Finance costs | 381.84 | 441.79 |
| Operating profit before working capital changes | 4,387.03 | 3,931.50 |
| Movement in working capital | ||
| Trade receivables | 587.81 | (862.90) |
| Inventories | 606.77 | (1,072.52) |
| Other financial assets | 18.84 | 59.36 |
| Other assets | (32.39) | 161.85 |
| Trade payables | (1,407.13) | 2,305.74 |
| Other financial liabilities | 187.83 | 202.57 |
| Other liabilities | (44.80) | 28.58 |
| Provisions | 39.78 | 0.87 |
| Cash flows from operating activities post working capital changes | 4,343.74 | 4,755.05 |
| Income-tax paid (net of refund) | (901.69) | (525.56) |
| Net cash generated from operating activities (A) | 3,442.05 | 4,229.49 |
| B Cash flows from investing activities | ||
| Purchase of property, plant and equipment and intangible assets (including capital work-in-progress and intangible assets under development) | (2,011.28) | (1,600.67) |
| Proceeds from disposal of property, plant and equipment | 0.77 | 7.78 |
| Loans given to related parties | (667.94) | (3,111.18) |
| Loans received back from related parties | 263.32 | 1,070.84 |
| Dividend received | 21.87 | 245.08 |
| Interest received | 257.54 | 158.16 |
| Payments for purchase of investments in subsidiaries and associate | (254.58) | (727.38) |
| Proceeds form sale of investment in subsidiary/associate | 233.79 | 158.40 |
| Payments against non current investment | (8.93) | (102.55) |
| Proceeds from sale of current investment | 3.18 | 303.95 |
| Investment in deposits with banks (net) | (1,063.76) | (907.75) |
| Net cash used in investing activities (B) | (3,226.02) | (4,505.32) |
| C Cash flows from financing activities | ||
| Proceeds from issue of equity shares (net of treasury shares) | 4.22 | 2.90 |
| Proceeds from short-term borrowing (net) | 338.14 | 278.99 |
| Repayment of long-term borrowings | (747.51) | (637.82) |
| Proceeds from long-term borrowings | 369.23 | 645.89 |
| Loan taken from related party | 200.00 | 477.00 |
| Loan refunded back to related party | (42.00) | (230.00) |
| Payment of lease liabilities | (21.23) | (16.23) |
| Dividend paid | (244.86) | (244.86) |
| Interest paid | (367.44) | (427.70) |
| Net cash used in financing activities (C) | (511.45) | (151.83) |
| Net decrease in cash and cash equivalents (A+B+C) | (295.42) | (427.66) |
| Cash and cash equivalents at the beginning of the year | 514.42 | 942.08 |
| Cash and cash equivalents at the end of the year | 219.00 | 514.42 |
| Net changes in cash and cash equivalents | (295.42) | (427.66) |
| Sr. No. | Particulars | For the quarter ended | For the year ended | |||
|---|---|---|---|---|---|---|
| 31 March 2026 | 31 December 2025 | 31 March 2025 | 31 March 2026 | 31 March 2025 | ||
| 1 | Debt equity ratio (in times) (Total borrowings / total equity [equity share capital + other equity]) | 0.24 | 0.24 | 0.27 | 0.24 | 0.27 |
| 2 | Debt service coverage ratio (in times) {(Profit before tax, exceptional items, depreciation, finance costs) / (finance costs + scheduled principal repayments (excluding prepayments) during the period for long-term debts)} | 5.04 | 5.82 | 2.65 | 4.26 | 3.52 |
| 3 | Interest service coverage ratio (in times) {(Profit before tax, exceptional items, depreciation, finance costs) / finance costs} | 13.08 | 13.14 | 11.46 | 12.45 | 10.29 |
| 4 | Current ratio (in times) (Current assets / current liabilities) | 1.21 | 1.20 | 1.21 | 1.21 | 1.21 |
| 5 | Long term debt to working capital (in times) {[(Non-current borrowings + current maturities of long term borrowings) / (current assets – (current liabilities – current maturities of long term borrowings))]} | 1.03 | 1.03 | 1.04 | 1.03 | 1.04 |
| 6 | Bad debts to accounts receivable ratio (%) (Bad debts / trade receivables) | 0.51% | 0.00% | 0.02% | 0.51% | 0.04% |
| 7 | Current liability ratio (in times) (Current liabilities / total liabilities) | 0.75 | 0.76 | 0.74 | 0.75 | 0.74 |
| 8 | Total debts to total assets (in times) (Total borrowings / total assets) | 0.13 | 0.13 | 0. |