Jindal Stainless: Scaling Capacity, Deleveraging, and Building Demand-Led Stainless Growth

The presentation states stainless steel capacity of 4.2 million tonnes per annum.

For FY26, the presentation reports consolidated revenue of 42,955 crore, EBITDA of 5,560 crore, and profit after tax of 3,185 crore.

Sales volume increased from 1,338 thousand tonnes in FY21 to 2,566 thousand tonnes in FY26, as per the presentation.

The presentation shows net debt to equity of 0.53 times and net debt to EBITDA of 0.14 times as of June 2026.

The deck highlights downstream hot rolled annealing pickling and cold rolled annealing pickling augmentation, cold rolling capacity augmentation at Hisar and Kharagpur, and an under development 1.1 million tonnes per annum hot rolled annealing pickling facility at Jaipur.

The presentation states growth projects target around 15% internal rate of return, dividend payout target up to 20% of profit after tax on a progressive basis, and a leverage objective of net debt to EBITDA below 1.5 times.