| Annual Turnover | ₹42,955 CrFY26 Revenue |
|---|---|
| Market Cap | ₹59,650.9 CrMetals Sector |
| PE TTM | 18.36Industry 20.83 |
| RSI | 46.83Neutral Zone |
| Order from | NCVET |
Key highlights
- Jindal Stainless becomes a government-recognized Awarding Body for vocational training
- First approved qualification targets Decorative Pipe & Tube Manufacturing Operators
- Certification programs will be aligned with the Capital Goods sector at NSQF Level 4
- Partnership aims to bridge workforce readiness gaps for fabricators and students
- Company reported annual turnover of INR 42,955 crore for the 2026 fiscal year
What Is the Partnership?
The collaboration establishes Jindal Stainless as a government-recognized entity capable of certifying learners for vocational courses through its Stainless Academy. By signing this agreement with the National Council for Vocational Education and Training, the company will transition into an official Awarding Body under the Ministry of Skill Development and Entrepreneurship. The first approved qualification, Stainless Steel Decorative Pipe & Tube Manufacturing Operator, is categorized under the Capital Goods sector.
This framework ensures that training imparted through company-owned or managed campuses meets apex national regulatory standards for vocational education and skill development.
Partner Profile
The National Council for Vocational Education and Training (NCVET) serves as India’s apex regulator for vocational education and skill development. Operating as a specialized body under the Ministry of Skill Development and Entrepreneurship, NCVET is responsible for granting recognition to awarding bodies and ensuring quality assurance across the skilling ecosystem. By partnering with a national regulator of this scale, Jindal Stainless gains the legal authority to assess and certify workers, fabricators, and students, effectively bridging the gap between theoretical academic study and the practical technical requirements of the modern industrial manufacturing sector.
What It Unlocks
- Enables development of qualifications reflecting practical requirements of manufacturing and fabrication
- Offers standardized certification programs to ITIs, polytechnics, and engineering colleges nationwide
- Addresses critical workforce readiness gaps among fabricators and MSME cluster workers
- Facilitates a unified platform bringing together industry, academia, and government for skill mapping
- Strengthens the long-term talent pipeline for India's growing stainless steel ecosystem
Financial Context
Jindal Stainless reported an annual turnover of INR 42,955 crore in FY26 and currently maintains an annual melt capacity of 4.2 million tonnes. The company operates a global network of 16 manufacturing and processing facilities across India, Spain, and Indonesia. Financial data indicates a trailing twelve-month price-to-earnings ratio of 18.36, which remains below the industry average of 20.83.
With a market capitalization of approximately ₹59,650 crore and a stable promoter holding of 62.05%, the company continues to leverage its integrated operations to support large-scale social responsibility and skill-building initiatives.
“India’s manufacturing ambitions cannot be realised through infrastructure and technology alone; they also depend on the capabilities of the people who operate, innovate and build within these systems.”
“The NCVET recognition gives us the opportunity to bring greater structure to this work and create a platform that brings together industry, academia and Government in developing skills that are aligned with the sector’s evolving requirements.”
| Share price | ₹723.55 |
|---|---|
| Market capitalisation | ₹59,650.88 Cr |
| Revenue (annual) | ₹42,954.66 Cr |
| Net profit (annual) | ₹3,193.45 Cr |
| Revenue (latest quarter) | ₹11,278.54 Cr-0.52% vs previous quarter |
| Net profit (latest quarter) | ₹769.36 Cr-8.80% vs previous quarter |
| P/E (TTM) | 18.36×Sector 18.15× |
| Promoter holding | 62.05%0.00% QoQ |
| FII holding | 20.45%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Jindal Stainless Limited announcing the signing of an MoU with NCVET to become a recognized Awarding Body. Market figures from a third-party data provider.
