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HomeNewsBusinessStocksJindal Stainles shares fall 4.39%, Dixon Technolog drops 4.3% among top losers on Nifty Midcap 150

Jindal Stainles shares fall 4.39%, Dixon Technolog drops 4.3% among top losers on Nifty Midcap 150

Financial data and corporate actions provide a detailed view of these companies' recent performance and activities.

September 29, 2025 / 12:35 IST
Disclaimer This is an AI-assisted live blog with updates from multiple sources Disclaimer
The MSCI India gauge has risen around 2% this year, trailing a broader gauge of Asian equities by over 19 percentage points after outperforming it over 2021-2024.

At previous close, the Sensex was down -733.22 points (-0.90 percent) at 80,426.46, and the Nifty was down -236.15 points (-0.95 percent) at 24,654.7

Shares of Jindal Stainles and Dixon Technolog were among the top losers on the Nifty Midcap 150 index on Monday. At 12:00 pm, Jindal Stainles was trading at Rs 754.50, a decrease of 4.39% from its previous close. Dixon Technolog was trading at Rs 16,758.00, down 4.3% from its previous close.

Cochin Shipyard also experienced a decline, trading at Rs 1,801.00, down 3.91%. Ola Electric was trading at Rs 53.40, down 2.77%, while Balkrishna Ind was down 2.1% at Rs 2,302.80.

Jindal Stainles Financial Overview


Jindal Stainles's consolidated revenue for the year-ending March 2025 stood at Rs 39,312.21 Crore, marking an increase of 1.94% compared to Rs 38,562.47 Crore in the previous year. The company's net profit for the year-ending March 2025 was Rs 2,543.42 Crore, a decrease of 3.67% from Rs 2,640.35 Crore in the year-ending March 2024.

The company’s revenue for the quarter-ending June 2025 stood at Rs 10,207.14 Crore, an increase compared to Rs 10,198.32 Crore for the quarter-ending March 2025. The net profit for the quarter-ending June 2025 was Rs 728.32 Crore, up from Rs 617.94 Crore in the previous quarter.

Key financial ratios for Jindal Stainles as of March 2025 include a P/E ratio of 19.12 and a P/B ratio of 2.87. The company reported a debt-to-equity ratio of 0.38 for the year-ending March 2025.

Jindal Stainles - Key Financials (Consolidated)

Heading20212022202320242025
RevenueRs 12,188.46 CroreRs 21,223.40 CroreRs 35,697.03 CroreRs 38,562.47 CroreRs 39,312.21 Crore
Net ProfitRs 414.25 CroreRs 1,806.44 CroreRs 1,973.87 CroreRs 2,640.35 CroreRs 2,543.42 Crore
EPS8.6037.8125.6832.9530.42
BVPS66.0599.46145.33174.56202.61
ROE13.0736.2717.7218.8915.01
Debt to Equity0.970.600.320.410.38

Jindal Stainles - Key Quarterly Financials (Consolidated)

HeadingJun 2024Sep 2024Dec 2024Mar 2025Jun 2025
RevenueRs 9,429.76 CroreRs 9,776.83 CroreRs 9,907.30 CroreRs 10,198.32 CroreRs 10,207.14 Crore
Net ProfitRs 647.50 CroreRs 609.42 CroreRs 668.78 CroreRs 617.94 CroreRs 728.32 Crore
EPS7.877.427.957.188.67

Dixon Technologies Financial Overview


Dixon Technologies's consolidated revenue for the year-ending March 2025 stood at Rs 38,860.10 Crore, marking a significant increase compared to Rs 17,690.90 Crore in the previous year. The company's net profit for the year-ending March 2025 was Rs 1,215.20 Crore, up from Rs 364.68 Crore in the year-ending March 2024.

The company’s revenue for the quarter-ending June 2025 stood at Rs 12,835.66 Crore, an increase compared to Rs 10,292.54 Crore for the quarter-ending March 2025. The net profit for the quarter-ending June 2025 was Rs 273.26 Crore, down from Rs 461.19 Crore in the previous quarter.

Key financial ratios for Dixon Technologies as of March 2025 include a P/E ratio of 64.07 and a P/B ratio of 26.38. The company reported a debt-to-equity ratio of 0.06 for the year-ending March 2025.

Dixon Technologies - Key Financials (Consolidated)

Heading20212022202320242025
RevenueRs 6,448.17 CroreRs 10,697.08 CroreRs 12,192.01 CroreRs 17,690.90 CroreRs 38,860.10 Crore
Net ProfitRs 159.79 CroreRs 190.39 CroreRs 253.46 CroreRs 364.68 CroreRs 1,215.20 Crore
EPS27.4932.3142.9262.84205.70
BVPS125.89168.04215.72283.42499.62
ROE21.6719.0719.8821.6936.39
Debt to Equity0.210.460.140.090.06

Dixon Technologies - Key Quarterly Financials (Consolidated)

HeadingJun 2024Sep 2024Dec 2024Mar 2025Jun 2025
RevenueRs 6,579.80 CroreRs 11,534.08 CroreRs 10,453.68 CroreRs 10,292.54 CroreRs 12,835.66 Crore
Net ProfitRs 132.26 CroreRs 409.10 CroreRs 212.65 CroreRs 461.19 CroreRs 273.26 Crore
EPS23.3568.8236.1277.5946.47

Cochin Shipyard Financial Overview


Cochin Shipyard's consolidated revenue for the year-ending March 2025 stood at Rs 4,819.96 Crore, marking an increase compared to Rs 3,830.45 Crore in the previous year. The company's net profit for the year-ending March 2025 was Rs 827.33 Crore, up from Rs 783.28 Crore in the year-ending March 2024.

The company’s revenue for the quarter-ending June 2025 stood at Rs 1,068.59 Crore, a decrease compared to Rs 1,757.65 Crore for the quarter-ending March 2025. The net profit for the quarter-ending June 2025 was Rs 187.83 Crore, down from Rs 287.19 Crore in the previous quarter.

Key financial ratios for Cochin Shipyard as of March 2025 include a P/E ratio of 44.77 and a P/B ratio of 6.63. The company reported a debt-to-equity ratio of 0.01 for the year-ending March 2025.

Cochin Shipyard - Key Financials (Consolidated)

Heading20212022202320242025
RevenueRs 2,818.90 CroreRs 3,190.95 CroreRs 2,364.55 CroreRs 3,830.45 CroreRs 4,819.96 Crore
Net ProfitRs 608.66 CroreRs 563.96 CroreRs 304.71 CroreRs 783.28 CroreRs 827.33 Crore
EPS46.2742.8723.1629.7731.45
BVPS306.63333.98336.60190.18212.07
ROE15.0912.836.8815.6514.82
Debt to Equity0.030.030.030.000.01

Cochin Shipyard - Key Quarterly Financials (Consolidated)

HeadingJun 2024Sep 2024Dec 2024Mar 2025Jun 2025
RevenueRs 771.47 CroreRs 1,143.20 CroreRs 1,147.64 CroreRs 1,757.65 CroreRs 1,068.59 Crore
Net ProfitRs 174.24 CroreRs 188.92 CroreRs 176.99 CroreRs 287.19 CroreRs 187.83 Crore
EPS6.627.186.7310.927.14

Ola Electric Financial Overview


Ola Electric's consolidated revenue for the year-ending March 2025 stood at Rs 4,514.00 Crore, a decrease compared to Rs 5,009.83 Crore in the previous year. The company's net profit for the year-ending March 2025 was Rs -2,276.00 Crore, a decrease from Rs -1,584.40 Crore in the year-ending March 2024.

The company’s revenue for the quarter-ending June 2025 stood at Rs 828.00 Crore, a decrease compared to Rs 611.00 Crore for the quarter-ending March 2025. The net profit for the quarter-ending June 2025 was Rs -428.00 Crore, compared to Rs -870.00 Crore in the previous quarter.

Key financial ratios for Ola Electric as of March 2025 include a P/E ratio of -9.68 and a P/B ratio of 4.54. The company reported a debt-to-equity ratio of 0.59 for the year-ending March 2025.

Ola Electric - Key Financials (Consolidated)

Heading2022202320242025
RevenueRs 373.42 CroreRs 2,630.93 CroreRs 5,009.83 CroreRs 4,514.00 Crore
Net ProfitRs -784.15 CroreRs -1,472.08 CroreRs -1,584.40 CroreRs -2,276.00 Crore
EPS-2.23-3.91-4.35-5.48
BVPS9.502.80-4.8811.66
ROE-42.21-269.240.00-44.25
Debt to Equity0.403.01-2.500.59

Ola Electric - Key Quarterly Financials (Consolidated)

HeadingJun 2024Sep 2024Dec 2024Mar 2025Jun 2025
RevenueRs 1,644.00 CroreRs 1,214.00 CroreRs 1,045.00 CroreRs 611.00 CroreRs 828.00 Crore
Net ProfitRs -347.00 CroreRs -495.00 CroreRs -564.00 CroreRs -870.00 CroreRs -428.00 Crore
EPS-0.95-1.20-1.28-1.97-0.97

Balkrishna Ind Financial Overview


Balkrishna Ind's consolidated revenue for the year-ending March 2025 stood at Rs 10,446.95 Crore, marking an increase of 11.51% compared to Rs 9,368.87 Crore in the previous year. The company's net profit for the year-ending March 2025 was Rs 1,654.96 Crore, up 12.47% from Rs 1,471.49 Crore in the year-ending March 2024.

The company’s revenue for the quarter-ending June 2025 stood at Rs 2,760.02 Crore, an increase compared to Rs 2,752.38 Crore for the quarter-ending March 2025. The net profit for the quarter-ending June 2025 was Rs 288.30 Crore, down from Rs 368.55 Crore in the previous quarter.

Key financial ratios for Balkrishna Ind as of March 2025 include a P/E ratio of 29.84 and a P/B ratio of 4.74. The company reported a debt-to-equity ratio of 0.31 for the year-ending March 2025.

Balkrishna Ind - Key Financials (Consolidated)

Heading20212022202320242025
RevenueRs 5,783.19 CroreRs 8,295.12 CroreRs 9,759.53 CroreRs 9,368.87 CroreRs 10,446.95 Crore
Net ProfitRs 1,177.53 CroreRs 1,435.38 CroreRs 1,057.40 CroreRs 1,471.49 CroreRs 1,654.96 Crore
EPS60.9174.2554.7076.1285.61
BVPS310.39358.67390.94458.04537.38
ROE19.6220.7013.9916.6115.93
Debt to Equity0.170.360.440.350.31

Balkrishna Ind - Key Quarterly Financials (Consolidated)

HeadingJun 2024Sep 2024Dec 2024Mar 2025Jun 2025
RevenueRs 2,714.50 CroreRs 2,419.74 CroreRs 2,560.33 CroreRs 2,752.38 CroreRs 2,760.02 Crore
Net ProfitRs 489.99 CroreRs 346.94 CroreRs 449.48 CroreRs 368.55 CroreRs 288.30 Crore
EPS25.3517.9523.2519.0614.91

Corporate Actions

Jindal Stainles


Recent corporate actions for Jindal Stainles include announcements regarding the closure of the trading window and compliances related to interest payments on Non-Convertible Debentures. A final dividend of Rs 2.00 per share (100%) was announced on May 8, 2025, with an effective date of August 22, 2025. Additionally, the company had a stock split where the old face value of Rs 10 was split to new face value of Rs 2 on March 1, 2004.

Dixon Technologies


Recent announcements for Dixon Technologies include Execution of Shareholders' Agreement. Dixon Technologies announced a final dividend of Rs 8.00 per share (400%) on May 20, 2025, with an effective date of September 16, 2025. Also, the company had a stock split where the old face value of Rs 10 was split to new face value of Rs 2 on March 18, 2021.

Cochin Shipyard


Recent announcements for Cochin Shipyard include Intimation of Trading Window Closure. Cochin Shipyard announced a final dividend of Rs 2.25 per share (45%) on May 15, 2025, with an effective date of September 12, 2025. Also, the company had a stock split where the old face value of Rs 10 was split to new face value of Rs 5 on January 10, 2024.

Ola Electric


Recent announcements for Ola Electric include press releases regarding the launch of the Ola Celebrates India Campaign.

Balkrishna Ind


Recent announcements for Balkrishna Ind include closure of trading window. Balkrishna Ind announced a final dividend of Rs 4.00 per share (200%) on May 23, 2025, with an effective date of July 11, 2025. Also, the company had a stock split where the old face value of Rs 10 was split to new face value of Rs 2 on December 20, 2010.

Conclusion


In summary, Jindal Stainles, Dixon Technologies, Cochin Shipyard, Ola Electric and Balkrishna Ind experienced declines today. Financial data and corporate actions provide a detailed view of these companies' recent performance and activities.

 

Alpha Desk
first published: Sep 29, 2025 12:35 pm

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