Jindal Steel and Power, a major player in India’s steel industry, has delivered massive long-term returns, turning a modest investment into crores. The company’s stock, which was once valued at just ₹2.37 per share, has surged to ₹307 over 22 years. Despite short-term volatility, it has proven to be a wealth generator for investors. However, its recent financials reflect challenges, with a sharp decline in net profit for Q3FY25.
Jindal Steel and Power Ltd (JSPL), headquartered in New Delhi, has established itself as a powerhouse in India’s steel and energy sector. The company, known for its integrated steel production and power generation, has rewarded long-term investors with exponential returns despite market turbulence.
Stock Performance Over the Years
Jindal Steel and Power shares have risen from a mere ₹2.37 per share 22 years ago to ₹307 per share today. This remarkable growth translates to an investment of ₹1 lakh in 2003 growing to ₹3.32 crore in 2025.
Over the last five years alone, the stock has surged by 639.29%. In the past year, it has gained 12%, despite facing a decline of over 11% in the last six months. The stock has recovered by 8.22% in the last month but remains down 4.33% on a year-to-date basis.
Recent Market Movement
On March 13, Jindal Steel and Power shares opened in the red, reflecting weak investor sentiment. At 11:45 AM, the stock hit an intraday low of ₹882.05 on the National Stock Exchange (NSE).
Financial Overview
The company’s financial performance for Q3FY25 has raised concerns. Net profit plunged by over 50% to ₹950.88 crore from ₹1,927.99 crore in the previous year. While steel sales rose by 5% to 1.90 million tonnes, subdued steel prices in India kept revenue growth flat, with total revenue from operations standing at ₹11,750.67 crore.
Despite these challenges, Jindal Steel and Power continues to be a key player in India’s steel industry, and its long-term stock performance remains a testament to its growth potential.
