Jindal Stainless Limited · NSE:JSL
Jindal Stainless — B&K Trinity India Conference 2025
51 slides from Jindal Stainless's conference presentation, May 22, 2025
Slide 1: Exchange intimation: Investors Conference on 29th May 2025
May 22, 2025 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department, Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring, Plot no. C/1, G Block Rotunda Building, P J Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai – 400 001 Mumbai-400051 Ph. 022 -
Slide 2: Corporate Presentation May 2025
CORPORATE PRESENTATION May 2025
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which has been prepared by Jindal Stainless Limited (the "Company"), has been prepared purely for information purposes only and is not, and is not intended to be, an offer, or solicitation of offer, or invitation or recom
Slide 4: Content
CONTENT 1 2 3 4 5 6 OVERVIEW SECTOR CORE ESG FINANCIALS ANNEXURES DYNAMICS & STRENGTHS DIVERSIFIED APPLICATIONS 3
Slide 5: Overview
OVERVIEW 4
Slide 6: Jindal Stainless Leader in Specialized Products
Jindal Stainless Leader in Specialized Products #1 #5 3mtpa Stainless steel Top Global producer producer in Ex - China Stainless steel capacity India Scaling up to 4.2mtpa ~₹ 402bn ~₹ 39bn 0.1x/0.6x Revenue (Net)* EBITDA* Net Debt to Equity/ Net Debt to EBITDA* 50+ >120 grades > 24,000 Exports to co
Slide 7: Diverse Product Portfolio Redefining Possibilities
Diverse Product Portfolio Redefining Possibilities Unleashing the spectrum of stainless steel solutions SMS CRAP 3,000,000 2,050,000 HSM (including JUSL) Special Product Division 3,920,000 94,000 Narrow Tandem Mill Ferro Alloy 250,000 384,675 Long Products Power (MW) 160,000 264 HRAP SMS : Steel Mel
Slide 8: Ingenuity Meets Manufacturing Excellence
Ingenuity Meets Manufacturing Excellence The heart of our operations ODISHA HISAR Capacity – 2.2 MTPA Capacity - 0.8 MTPA Million Tonnes per Annum 7
Slide 9: Sector Dynamics & Diversified Applications
SECTOR DYNAMICS & DIVERSIFIED APPLICATIONS 8
Slide 10: Stainless Steel At The Vanguard
Stainless Steel At The Vanguard characteristics and popularity Favorable growth trajectory Value - added & Sustainable Metal …With stainless steel as the fastest growing metal Low maintenance Low Life Cycle Cost Stainless Steel 5.4% 1980-2021 CAGR Aluminium 3.7% Corrosion Resistance Recyclability/ C
Slide 11: Stainless Steel's Shining Surge
Stainless Steel's Shining Surge Global SS Consumption (MTPA) India SS Consumption (MTPA) CAGR 7-7.5% CAGR 4.0-4.5% Covid impact & Subsequent Covid impact latent demand & Subsequent latent demand 70.8 6.5 52.5 49.8 47.0 45.8 37.4 3.5 3.6 2.9 2.7 22.4 1.7 2009 2015 2019 2020 2021 2022 2030 FY10 FY15 F
Slide 12: JSL Shaping the Global Landscape
JSL Shaping the Global Landscape Setting new benchmarks in the global stainless steel market Tsingshan Jiangsu Delong Baosteel Among TISCO Top Posco Acerinox Aperam/Outokumpu/Guangxi Jindal Stainless E-United Liusteel group Xiamen Xiangu, Jiangsu Delong Among Top Shandong Shengyang Group AK Steel Gl
Slide 13: Empowering Industries with an Extensive Product Portfolio
Empowering Industries with an Extensive Product Portfolio Automobile Offering a Railway & Transport comprehensive selection of quality products for existing and new sectors Process & Engineering Architecture Building Construction PRODUCT APPLICATIONS Consumer Durables 12
Slide 14: Diversified Consumption Pattern
Diversified Consumption Pattern Evolution in Sectoral growth Stainless Steel Stainless Steel EBITDA per tonne standard deviation 2% 20% 19% 2023 1998 43% 9% 80% 27% Consumer durable Others ABC ART Process Consumer Durables Other 1.9 JSL Carbon Steel 3% 6% 5% 0.7 19% 27% 0.7 15% 0.4 12% 62% 31% 20% F
Slide 15: Charting New Territories in Consumption
Charting New Territories in Consumption Discover the latest market developments and stainless steel applications Progressive Potential Market Particulars Foot Over Bridge Road Over Bridge Flyovers Underframes Railway Station Airport (ABC+Structurals) ABC+Structurals Consumption 100-150Mt/Bridge 250-
Slide 16: Charting New Territories in Consumption
Charting New Territories in Consumption Discover the latest market developments and stainless steel applications Progressive Potential Market Particulars Ethanol Green Hydrogen Water Nuclear Consumption per 100 klpd, 450-500 MT 5MMTA of hydrogen will use 300-500 MT per 100 MLD Nuclear plant of 700-8
Slide 17: Project – FOB – Naupada – East Coast Railway
PROJECT – FOB – Naupada – East Coast Railway Application All load Bearing Members including Girders, Columns, Cross Beams etc. 16
Slide 18: Project – Himalaya FOB – CSMT, BMC, Mumbai
PROJECT – HIMALAYA FOB – CSMT, BMC, Mumbai Application All load Bearing Members including Girders, Columns, Cross Beams etc. 17
Slide 19: Project – ROB – Kalyan Shilphata – Kalyan Patripool
PROJECT – ROB – Kalyan Shilphata – Kalyan Patripool - MSRDC Application Foundations of Bridges, Columns etc. 18
Slide 20: India Growth & Infrastructure Push - Driving Demand
India Growth & Infrastructure Push -Driving Demand Leveraging sectoral opportunities Auto Railways and Transport Infrastructure Process Industry 400 new Vande Bharat trains to be introduced in the next Transforming 508 railway stations across the country For achieving 280 GW of solar capacity by 203
Slide 21: Government Notifications
Government Notifications Strong Regulatory Support With a view to strengthening the quality of infrastructure build-out in the country, the Government of India has issued several circulars directing the usage of Stainless Steel in key infrastructure sectors. This is providing a tailwind to the for S
Slide 22: Core Strengths
YW”) as - ) = Lu ~ - WY) Lu a O O
Slide 23: Solution Provider
Solution Provider Exploring the various solutions One stop solution provider Grade Quality Ensures availability Identifying recommendation / Control of all supportive implementation customization components for vendors implementation Dedicated JSL Welder Consultancy in Fabrication technical resource
Slide 24: Reaching New Horizons with our Presence
Reaching New Horizons with our Presence Extending our footprint worldwide, empowering growth and collaboration. Global footprint Domestic footprint Hisar Haryana Gurugram Delhi Corporate Office Russia Germany United Kingdom Belgium Turkey Ahmedabad Spain South Korea Vadodara Kolkata USA Taiwan Mumba
Slide 25: Nurturing Expertise & Brand Excellence
Nurturing Expertise & Brand Excellence Building enduring partnerships with key customers Investing in various Branding & Jindal Saathi marketing Stainless Steel Pipes Key Visuals Initiatives to enhance & Tubes campaign overall market Increased genuine Jindal potential Saathi Seal recognition among f
Slide 26: The Stainless Academy Redefining Stainless Power
The Stainless Academy Redefining Stainless Power Stainless Academy (Awareness & Eco - system Development) Stainless Education Fabrication Upskilling Workshops for hands-on Skill enhancement Courses in Introduction of SS program across 18,000+ Fabricators Under Skill India training program, Supported
Slide 27: Empowering Our Nation: Safeguarding Security and Driving Growth
Empowering Our Nation: Safeguarding Security and Driving Growth Nuclear Space Application Green Ballistic And Blast Marine Missile Applications Hydrogen Protection Application Application We are one of the two Suppling Critical Supplied 40 Mt for 238 Various grades for the Super duplex Stainless ste
Slide 28: Harnessing Technology for Customer Experience
Harnessing Technology for Customer Experience Unlocking efficiency and connectivity through digitization Real time data & Presales/Sales Personalized Cu 360 degree Higher market Higher customer amp; powerful data mobility on cloud reports and les st customer view share & amp; avoid satisfaction & am
Slide 29: Fueling Innovation and Advancement through R&D
Fueling Innovation and Advancement through R&D Key focus areas for innovation R&D division plays a pivotal role in retaining and consolidating JSL’s leadership position providing agility to Advance R&D division - a key factor driving new customer additions alter product and geographical mix with mar
Slide 30: Structural Changes
Structural Changes Sourcing and sales strategy More than Five decades of Planning, operations, sales, experience supported by Drastic shift in raw material Reduced inventory pipeline, and sourcing underwent a data analytics helped in procurement moved to releasing working capital. complete overhaul
Slide 31: ESG
ESG 30
Slide 32: JSL's Commitment to Environmental Responsibility
JSL’s Commitment to Environmental Responsibility Championing environmental stewardship aligned to global standards Environment Climate Emission Circular Renewable Water Contribution to Change Intensity Economy Energy Management Biodiversity Committed to Electric Arc Majority Recycled material Zero L
Slide 33: Promoting Social Welfare & Enriching Communities
Promoting Social Welfare & Enriching Communities Empowering lives through training, safety, and social initiatives Social Community Development Safety management Training and development Learning & Development PARIVARTAN 4.5 Lakh+ Continuous safety E-learning modules for workers a high potential dev
Slide 34: Leading with Integrity and Responsibility
Leading with Integrity and Responsibility Upholding ethical standards and effective governance frameworks Governance Policies Product Stewardship Stakeholder engagement Jindal Stainless have formulated several policies within the Company’s Corporate R&D lab at both plants implemented The process of
Slide 35: Renewable Energy Green Hydrogen
Renewable Energy Green Hydrogen For incremental Jindal Stainless To increase the Floating Solar Partnered with Green Hydrogen to Expected Carbon First Green energy requirement imports RE power Renewable Energy Project (Installed Hygenco India replace fossil fuels abatement hydrogen plant, of 1MTPA t
Slide 36: Financials
FINANCIALS 35
Slide 37: JSL's Stellar Performance
JSL’s Stellar Performance Sales Volume (‘000) Revenue (Rs. Cr) 2,373 38,356 40,182 2,175 1,764 32,292 35,030 1,671 1,338 19,081 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 EBITDA (Rs. Cr) PAT (Rs. Cr) 4,720 2,790 2,711 4,036 2,531 3,567 3,905 2,014 2,477 897 1 FY21 FY22 FY23 FY24 FY25 FY21 FY2
Slide 38: Strengthening Financial Position
Strengthening Financial Position Charting the path for De-leveraging Net Debt (Rs. Cr.)^ D/E (x) Net Debt^/EBITDA (x) 11.0 30,0 00 8.4 15.0 14.0 13.0 12.0 4.2 11.0 10.0 9.0 2.7 2.6 8.0 25,0 00 2.3 7.0 1.3 6.0 0.7 0.7 5.0 0.6 0.6 4.0 3.0 2.0 3.4 3.2 1.0 20,0 00 2.9 - 1.4 1.4 -1 .0 0.9 0.5 0.3 0.2 0.2
Slide 39: Financial Metrics
Financial Metrics Cultivating value through streamlined operations and improved financial performance 1.3 16,197 13,700 11,456 9,446 0.7 0.7 33% 6,549 0.6 0.6 0.5 20% 20% 16% 17% 3,135 3,179 0.3 0.2 2,591 2,418 2,250 0.2 0.1 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25
Slide 40: Growth Roadmap
Growth Roadmap Strategic Expansion Plan - Upstream and Downstream Augmentation Three-pronged investment strategy ~INR 5,700 crore to achieve global leadership in stainless steel Chromeni acquisition (100%) ~1,618 Cr 0.6 MTPA Cold Rolling in Gujarat Z With landbank of ~400 acre JV with 49% stake in ~
Slide 41: Noteworthy Acquisition
Noteworthy Acquisition Significant progress and milestones in JSL's journey JUSL Stake in NPI Facility Rathi Super Steel Ltd Rabirun Vinimay Pvt Ltd Integrating the Enhancing Product Diversification Product Diversification Operations Raw Material Security In November 2022, Jindal JUSL acquisition co
Slide 42: Strategic Capital Allocation for Sustainable Growth
Strategic Capital Allocation for Sustainable Growth Optimizing returns through resource optimization Capital Expenditure Organic & Sustaining Capex inorganic Capex for cost and Growth projects operational efficiencies ensure IRR ~15% Capital Allocation Dividend Target a dividend pay-out upto 20% of
Slide 43: Journey to Superior Ratings
Journey to Superior Ratings Advancing credit ratings to increase investor confidence OCT 23 - MAR 25 TERM LOAN AA/STABLE APR 23 TERM LOAN AA-/POSITIVE JAN 22 TERM LOAN AA-/STABLE MAY 21 TERM LOAN A+ STABLE JAN 21 RATINGS 6 NOTCHES HIGHER TERM LOAN BBB+/ STABLE JAN 20 TERM LOAN BBB/ STABLE 42
Slide 44: Leading the Way
Leading the Way Strong Growth and Sustainable Practices in the Value-Added Stainless Steel Sector Market Leader with continuous focus ESG Commitment, on the growth and capacity EAF manufacturing ~72% expansion – To be scrap utilization adding #1 player ex - China to circular economy Strong and delev
Slide 45: Contact Us
Contact Us India’s leading stainless-steel manufacturer, Jindal Stainless, had an annual turnover of INR 40,182 crore (USD 4.75 billion) in FY25 and is ramping up its facilities to reach 4.2 million tonnes of annual melt capacity in FY27. It has 16 stainless steel manufacturing and processing facili
Slide 46: Thank You
THANK YOU Copyright © 2023 | All Rights Reserved | Privacy Policy 45
Slide 47: Annexures
ANNEXURES Copyright © 2023 | All Rights Reserved | Privacy Policy 46
Slide 48: JUSL Snapshot
JUSL Snapshot EBITDA (Cr.) Interest cost (Cr.) PAT (Cr.) Net Debt (Cr.)^ 781 316 712 708 236 289 2,030 1,956 590 213 258 204 1,731 178 1,450 148 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 ^Net debt includes only external debt; Standalone financials 47
Slide 49: Accolades of Distinction
Accolades of Distinction Recognitions and certifications highlighting industry leadership Quality Environment Management Energy Efficiency Best Raw Material Supplier Supplier Excellence 22ND GREENTECH Fame Environment Excellence Golden Peacock Award SEEM National Energy Supplier Award given to Excel
Slide 50: Shareholding Pattern
Shareholding Pattern Floating Stock (%) Promoters Fll 60.9% 21.4% Others 39.1% Retail & Others Dll 10.8% 6.9% Copyright © 2023 | All Rights Reserved | Privacy Policy 49 Note: Period ending March 31, 2025
Slide 51: Slide 51