Jindal Steel Limited prepares to attract investors with a 200% final dividend for FY26, as the stock approaches its ex-dividend date, amid bullish analyst reviews and strong market performance.
Jindal Steel Limited is set to draw investor attention next week as the stock moves towards its ex-dividend date, with the company having approved a final payout of 200% for the financial year 2025-26. That works out to Rs 2 per equity share with a face value of Re 1, and shareholders must own the stock before August 21 to qualify.
The shares closed at Rs 1,100 on August 14, up 0.51% on the day, giving the company a market value of Rs 1,12,209.69 crore. During the session, the stock touched an intraday high of Rs 1,105 and a low of Rs 1,086.45.
PL Capital has kept a Buy rating on the stock and raised its target price to Rs 1,298, saying it expects earnings before interest, tax, depreciation and amortisation to grow at more than 40% annually from a low FY26 base. The brokerage said the shares were trading at 9.6 times estimated FY27 EBITDA and six times FY28 EBITDA, based on its calculations.
The dividend followed the board’s approval of the company’s audited full-year results on May 1, when it recommended the payout subject to shareholder approval at the annual general meeting. The company also re-appointed M/s Shome & Banerjee as cost auditors for 2026-27, while statutory auditors Lodha & Co. LLP gave the results an unmodified opinion. On a longer view, the stock has climbed 5.72% in a month, roughly 3% so far in 2026 and 18% over two years, although it remains below its April 21, 2026, peak of Rs 1,306.
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