Jindal StainlessNSE:JSL +0.01%92 ROA % is 8.29% as of Mar. 2026, which is 45% above its 10-year median of 5.70. 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. Among 637 Steel companies, Jindal Stainless ranks better than 87.28% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Jindal Stainless's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹33,742 Mil.
Jindal Stainless's average Total Assets over the quarter that ended in Mar. 2026 was ₹407,036 Mil. Therefore, Jindal Stainless's annualized ROA % for the quarter that ended in Mar. 2026 was 8.29%.
The historical rank and industry rank for Jindal Stainless's ROA % or its related term are showing as below:
NSE:JSL'
s ROA % Range Over the Past 10 Years
Min: 0.63 Med: 5.7 Max: 18.48
Current: 8.26
During the past 13 years, Jindal Stainless's highest ROA % was 18.48%. The lowest was 0.63%. And the median was 5.70%.
NSE:JSL's ROA % is ranked better than 87.28% of 637
companies
in the Steel industry
Industry Median: 1.92
vs NSE:JSL: 8.26
Jindal Stainless (NSE:JSL) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Jindal Stainless ROA % Related Terms
Jindal Stainless ROA % Historical Data
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The historical data trend for Jindal Stainless's ROA % 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.
For the Steel subindustry, Jindal Stainless's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Jindal Stainless ROA % vs Steel Industry
For the Steel industry and Basic Materials sector, Jindal Stainless's ROA % distribution charts can be found below:
* The bar in red indicates where Jindal Stainless's ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Jindal Stainless (NSE:JSL) has a ROA % of 8.29% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Jindal Stainless and its competitors. This is 45% above median its historical median of 5.70. Over the past decade, Jindal Stainless' ROA % has ranged from 0.63 to 18.48. According to the industry distribution chart, Jindal Stainless ranks #81 out of 637 companies in the Steel industry, placing it in the top 12.7%.
Is Jindal Stainless' ROA % too high?
Jindal Stainless' current ROA % of 8.29% is 45% above median its 10-year median of 5.70. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 18.48. The Steel industry median ROA % is 1.92. Jindal Stainless' value of 8.29% is 331.8% above this industry median. Based on the distribution chart, Jindal Stainless ranks #81 out of 637 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. 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' ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, Jindal Stainless ranks #81 out of 637 companies for ROA %. This places Jindal Stainless in the top 13% of its industry — outperforming the majority of peers. The industry median ROA % is 1.92. Jindal Stainless' value of 8.29% is 331.8% above this benchmark. Historically, Jindal Stainless' own ROA % has ranged from 0.63 to 18.48 over the past decade. While the company's 10-year median is 5.70 vs. the industry median of 1.92, Jindal Stainless has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Steel company?
The median ROA % among Steel companies is 1.92, based on 637 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jindal Stainless's current ROA % of 8.29% is 331.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Jindal Stainless and its competitors. For the Steel industry, the median ROA % is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jindal Stainless's current ROA % is 8.29%, which is 45% above median its own 10-year median of 5.70. 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 ₹695.05 — trading 11.2% below its estimated fair value. The current ROA % is 8.29%, which is 45% above median its 10-year median of 5.70 and 331.8% above the Steel industry median of 1.92. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Jindal Stainless (NSE:JSL), the current ROA % is 8.29% 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 ₹695.05 is trading 11.2% below its estimated GF Value™ of ₹783.10.
GuruFocus considers Jindal Stainless to be Modestly Undervalued.
Key valuation signals for NSE:JSL:
ROA %: 8.29% (45% above median its 10-year median of 5.70)
GF Value™: ₹783.10 vs. price of ₹695.05 (11.2% below fair value)
Industry Position: 331.8% above the Steel median (#81 of 637)
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 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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