30 Oct 2025 | 3 Mins Read
Motilal Oswal recommends buying Jindal Steel
Flipitmoney
Jindal Steel's 2QFY26 revenue was INR117b, increasing 4% YoY and decreasing 5% QoQ due to muted realizations. Adjusted EBITDA was INR20.8b, down 5% YoY and 31% QoQ. Export share rose to 10%, and value-added share hit an all-time high of 73%. The stock trades at 7.3x EV/EBITDA, with a BUY rating and target price of INR1,240.