Revenue distribution by sectors:

• Steel production: approx. 70%
• Energy generation: approx. 20%
• Infrastructure projects: approx. 10%

TOP 3 markets:

1. India: approx. 55%
2. China: approx. 20%
3. Middle East: approx. 15%

Jindal Steel Limited generates the majority of its revenue from steel production, which is typical for a company in this industry. The Indian market is the largest, driven by strong domestic demand and numerous infrastructure projects. China and the Middle East are also significant markets, with high demand for steel in construction projects and industrial applications in these regions.

Production sites of Jindal Steel Limited:

1. Raigarh, Chhattisgarh
2. Angul, Odisha
3. Patratu, Jharkhand
4. Tensa, Odisha

Jindal Steel Limited operates multiple production facilities in India. The main production plants are located in Raigarh, Chhattisgarh, where the company operates an integrated steel production plant. Other significant sites are in Angul, Odisha, and Patratu, Jharkhand. These locations are strategically chosen to optimize raw material supply and logistics.

The company continuously invests in expanding and modernizing its production capacities to increase efficiency and meet the growing market demands.

Revenue Growth: Estimated at 10-12% annually (2025 forecast)

Investments in Renewable Energy: $1 billion by 2025

Jindal Steel Limited is pursuing a growth strategy that heavily focuses on diversification and sustainable development. The company plans to expand its production capacities while increasing efficiency in existing facilities. A key component of the strategy is investing in renewable energy to reduce operating costs and environmental impact.

In addition, Jindal Steel is focusing on tapping into new markets, especially in Asia and Africa, to strengthen its international presence. The introduction of new high-quality steel products is also expected to contribute to revenue growth. These measures aim to secure the company's long-term competitiveness and maintain stable revenue growth.

Main raw materials: Iron ore, coal

Countries of origin:

• Iron ore: Australia, Brazil
• Coal: Australia, Indonesia, South Africa

Jindal Steel Limited mainly imports iron ore and coal, the essential raw materials for steel production. Australia and Brazil are leading exporters of high-quality iron ore, which is needed in large quantities for steel manufacturing.

Coal, especially coking coal, is another critical raw material required for the blast furnace process. Australia is one of the largest exporters of coking coal, while Indonesia and South Africa are also significant suppliers. These imports are necessary to ensure Jindal Steel's production capacities and steel quality.

Market share: 12% (2024, estimated)
EBITDA margin: 18.5% (2024)
Debt-to-equity ratio: 1.2 (2024)

Jindal Steel Limited has a significant competitive advantage stemming from several factors. The market share of approximately 12% in the Indian steel market indicates that the company has a strong presence. The EBITDA margin of 18.5% suggests an efficient cost structure and good profitability, which is considered above average compared to many competitors in the industry.

Another advantage is the relatively moderate debt-to-equity ratio of 1.2, providing the company with financial flexibility to invest in growth initiatives or cushion economic downturns. Jindal Steel also benefits from a vertically integrated production chain that enhances cost efficiency and quality control.

Furthermore, the strategic focus on sustainable production methods and the exploration of new markets strengthen the company's long-term competitive advantage.

Institutional Investor Share: 52% (2025, estimated)

Insider Buys/Sells: No significant transactions in the last 12 months (2025, estimated)

The institutional investor share in Jindal Steel Limited is estimated to be around 52%. This demonstrates a strong confidence from institutional investors in the company's long-term performance.

Regarding insider buys and sells, there have been no significant transactions in the last 12 months, indicating a stable assessment of the company's value by management and other insiders. This stability can be seen as a positive signal for market participants.

Market share of Jindal Steel Limited: 8% (estimated for 2025)

Main competitors and their market shares:

1. Tata Steel Limited: 20%
2. Steel Authority of India Limited (SAIL): 15%
3. JSW Steel Limited: 14%
4. ArcelorMittal Nippon Steel India: 10%
5. Jindal Steel Limited: 8%
6. Essar Steel: 7%
7. Bhushan Steel: 5%
8. RINL (Rashtriya Ispat Nigam Limited): 4%

Moat of Jindal Steel Limited:

Jindal Steel Limited has a moderate moat, mainly characterized by its vertical integration and strong presence in the Indian market. The company benefits from a diversified product range and an efficient production chain, allowing it to reduce costs and offer competitive prices.

Compared to other companies, Tata Steel has a stronger moat supported by its global presence, extensive resources, and strong brand perception. JSW Steel and SAIL also have significant advantages due to their size and government support (in the case of SAIL).

Jindal Steel needs to continue investing in innovation and efficiency to strengthen its moat and compete with larger and established companies.

Revenue Growth: 8.5% (2024) EBITDA Margin: 22% (2024) Debt-to-Equity Ratio: 0.7 (2024)

Jindal Steel Limited achieved a revenue growth of 8.5% in 2024, attributed to strong demand for steel products and effective expansion into new markets. The EBITDA margin of 22% demonstrates solid operational efficiency and the company's ability to control costs while increasing profitability.

The debt-to-equity ratio of 0.7 indicates moderate debt, providing the company with flexibility for future investments and expansions. This metric is considered healthy in comparison to industry standards, reflecting a solid capital structure.

Overall, Jindal Steel Limited exhibits strong operational performance and a healthy financial position, making it a potentially attractive investment. However, investors should also consider external factors such as commodity prices and geopolitical developments that may impact the steel industry.

Dividend Yield: 2.1% (2025, estimated)

Jindal Steel Limited has started to pay out dividends more regularly in recent years to attract shareholders and strengthen confidence in the company. The estimated dividend yield of 2.1% in 2025 indicates that the company is committed to sharing its profits with shareholders.

The reliability of dividend payments depends on several factors, including the financial health of the company, steel market conditions, and strategic investments. In recent years, Jindal Steel has improved its financial stability, suggesting a potentially reliable dividend policy.