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Jindal Steel Q4 Results: IDBI Capital Maintains 'Hold' Rating, Hikes Target Price - Here's Why
IDBI Capital values the stock based on EV/Ebitda multiple of 6.5x FY27E Ebitda to derive a target price of Rs 952, and maintains "Hold' rating on the stock.
02 May 2025, 09:58 AM IST 
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JSPL incurred capex of Rs 23.1 billion in Q4 FY25 versus Rs 28.6 billion in Q3 FY25.
(Photo source: Freepik)
JSPL's management aims to spend total capex of Rs 211 billion over next three years. Furthermore, management expects a reduction in coking coal costs by $10- $15/tonne while iron ore costs are likely to track HRC price trend. Additionally, the commissioning of the blast furnace in Q1 FY26 is expected to add 0.7 million - 1.6 million tons to FY26 sales volume, with incremental 0.2-0.3 million tons from existing operations at Angul pla...
