Jindal Stainless (NSE:JSL) Construction In Progress: ₹17,902 Mil (As of Mar. 2026)


NSE:JSL Jindal Stainless Ltd NSE:JSL
92 GF Score
Price ₹683.15
GF Value ₹783.10
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Jindal Stainless Construction In Progress?

Jindal Stainless NSE:JSL -1.71% 92 Construction In Progress is ₹17,902 Mil as of Mar. 2026. GuruFocus rates NSE:JSL with a GF Score™ of 92/100 and a GF Value™ of ₹783.10 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Jindal Stainless's quarterly construction in progress declined from Sep. 2025 (₹39,231 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹17,902 Mil).

Jindal Stainless's annual construction in progress increased from Mar. 2024 (₹12,899 Mil) to Mar. 2025 (₹20,938 Mil) but then declined from Mar. 2025 (₹20,938 Mil) to Mar. 2026 (₹17,902 Mil).

Jindal Stainless Construction In Progress Historical Data

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The historical data trend for Jindal Stainless's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Jindal Stainless Construction In Progress Chart

Jindal Stainless Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10,235.20 9,244.40 12,899.10 20,937.70 17,902.10

Jindal Stainless Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20,937.70 0.00 39,231.30 0.00 17,902.10
NSE:JSL
92GF Score
Jindal Stainless Ltd NSE:JSL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Jindal Stainless Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹17,902 Mil mean?
Jindal Stainless (NSE:JSL) has a Construction In Progress of ₹17,902 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Jindal Stainless and its competitors.
Is Jindal Stainless' Construction In Progress too high?
Jindal Stainless' current Construction In Progress is ₹17,902 Mil. Overall, Jindal Stainless has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jindal Stainless' Construction In Progress compare to NUE and STLD?
Jindal Stainless' Construction In Progress of ₹17,902 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Steel company?
A good Construction In Progress depends on the Steel industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Jindal Stainless and its competitors. Jindal Stainless's current Construction In Progress is ₹17,902 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jindal Stainless stock overvalued right now?
Based on GuruFocus' analysis, Jindal Stainless (NSE:JSL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹783.10, compared to a current price of ₹683.15 — trading 12.8% below its estimated fair value. The current Construction In Progress is ₹17,902 Mil. Jindal Stainless' overall GF Score™ is 92/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Jindal Stainless (NSE:JSL), the current Construction In Progress is ₹17,902 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Jindal Stainless (NSE:JSL) Overvalued in 2026?

Based on GuruFocus' analysis, Jindal Stainless stock appears to be undervalued. The current stock price of ₹683.15 is trading 12.8% below its estimated GF Value™ of ₹783.10. GuruFocus considers Jindal Stainless to be Modestly Undervalued.

Key valuation signals for NSE:JSL:

  • Construction In Progress: ₹17,902 Mil
  • GF Value™: ₹783.10 vs. price of ₹683.15 (12.8% below fair value)
  • GF Score™: 92/100 with 1 warning sign

No single metric tells the full story. See the NSE:JSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Jindal Stainless Business Description

Other Exchanges 532508:India
Address Jindal Centre, 12, Bhikaiji Cama Place, New Delhi, IND, 110066
Jindal Stainless Ltd is an India-based stainless steel manufacturing company. It offers products such as ferroalloys, stainless steel slabs, and blooms, hot rolled and cold rolled coils, plates, razor blade steel, precision strips, and coin blanks. The firm has a distribution network through its service centers and warehouses in both the Indian and overseas markets. Jindal derives the majority of the revenue from the sale of steel products.
92GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹683.15
Price
₹783.10
GF Value