Jindal Stainless Ltd.

NSE: JSL BSE: 532508 SECTOR: Steel & Iron Products  70k   403   51

279.35
-0.55 (-0.20%)
NSE: 29 Mar 4:00 PM

Price Summary

Today's High

₹ 290.25

Today's Low

₹ 277

52 Week High

₹ 329

52 Week Low

₹ 95.05

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

23002.65 Cr.

Enterprise Value

25598.54 Cr.

No. of Shares

82.34 Cr.

P/E

15.38

P/B

3.95

Face Value

₹ 2

Div. Yield

0 %

Book Value (TTM)

₹  70.71

CASH

198.54 Cr.

DEBT

2794.43 Cr.

Promoter Holding

70.1 %

EPS (TTM)

₹  18.16

Sales Growth

73.92%

ROE

41.68 %

ROCE

36.09%

Profit Growth

291.3 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year73.92%
3 Year17.3%
5 Year19.57%

Profit Growth

1 Year291.3%
3 Year129.22%
5 Year95.7%

ROE%

1 Year41.68%
3 Year20.84%
5 Year16.78%

ROCE %

1 Year36.09%
3 Year22.5%
5 Year18.78%

Debt/Equity

0.5662

Price to Cash Flow

20.25

Interest Cover Ratio

7.8488559255168

CFO/PAT (5 Yr. Avg.)

2.33509304863303

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 70.1 82.95
Sep 2022 70.1 78.07
Jun 2022 70.1 78.07
Mar 2022 69.87 78.32
Dec 2021 68.6 83.13
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 129.215584147535% for the Past 3 years.
  • The company has shown a good revenue growth of 17.3001552762419% for the Past 3 years.
  • Company has been maintaining healthy ROE of 20.8357960202029% over the past 3 years.
  • Company has been maintaining healthy ROCE of 22.4977994971585% over the past 3 years.
  • Company’s PEG ratio is 0.0585144443445875.
  • The company has an efficient Cash Conversion Cycle of 0.979537009716395 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.33509304863303.

 Limitations

  • Promoter pledging has increased from 70.1% to 82.95% in 1 quarter.
  • Company has contingent liabilities of 3587.54 Cr.
  • Promoter pledging is high as 82.95%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Net Sales 5368.47 6287.21 5336.41 5442.44 6220.61
Total Expenditure 4629.23 5526.07 4813.15 5031.28 5598.28
Operating Profit 739.24 761.14 523.26 411.16 622.33
Other Income 12.36 17.18 16.39 17.32 22.3
Interest 88.62 68.41 67.35 79.48 75.58
Depreciation 89.6 88.07 89.12 90.84 91.75
Exceptional Items 0 0 0 0 0
Profit Before Tax 573.38 621.84 383.18 258.16 477.3
Tax 201.56 -46.74 96.44 68.95 126.08
Profit After Tax 371.82 668.58 286.74 189.21 351.22
Adjusted EPS (Rs) 7.37 12.72 5.46 3.6 6.68

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 10784.55 12585.01 12320.11 11679.14 20311.94
Total Expenditure 9503.62 11449.07 11145.29 10283.29 17727.92
Operating Profit 1280.93 1135.94 1174.82 1395.85 2584.02
Other Income 45.41 27.58 36.98 42.3 260.48
Interest 540.63 614.09 566.89 463.7 316.85
Depreciation 303.84 335.08 408.86 373.42 357.59
Exceptional Items 1.37 6.31 8.31 99.39 0
Profit Before Tax 483.24 220.66 244.36 700.42 2170.06
Tax 164.97 81.62 91.48 272.5 495.61
Net Profit 318.27 139.04 152.88 427.92 1674.45
Adjusted EPS (Rs.) 6.64 2.9 3.14 8.78 31.86

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 95.84 95.84 97.45 97.45 105.1
Total Reserves 2255.78 2378.67 2559.87 3055.33 4830.32
Borrowings 3550.9 3152.69 2715.57 2545.9 1370.34
Other N/C liabilities 450.25 495.1 653.91 891.26 1024.53
Current liabilities 3811.55 3899.12 4081.16 3674.73 6472.42
Total Liabilities 10164.32 10021.42 10107.96 10264.67 13802.71
Assets
Net Block 6143.49 6142.78 5969.4 5678.73 5441.5
Capital WIP 130.25 20.14 9.13 49.22 342.6
Intangible WIP 11.53 5.64 2.4 5.5 6.96
Investments 484.14 486.37 486.93 490.56 494.86
Loans & Advances 89.69 63.9 178.2 223.65 791.62
Other N/C Assets 11.87 9.99 10.22 7.25 5.6
Current Assets 3293.35 3292.6 3451.68 3809.76 6719.57
Total Assets 10164.32 10021.42 10107.96 10264.67 13802.71
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 483.24 220.66 244.36 700.42 2170.06
Adjustment 865.03 916.61 961.82 744.2 645.41
Changes in Assets & Liabilities 41.57 218.85 -81.91 -160.57 -1444.91
Tax Paid 37.33 -2.95 -1.23 10.56 -234.47
Operating Cash Flow 1427.17 1353.17 1123.04 1294.61 1136.09
Investing Cash Flow -183.71 -172.16 -162.03 -153.65 -774.28
Financing Cash Flow -1258.18 -1195.64 -950.97 -1106.64 -222.91
Net Cash Flow -14.72 -14.63 10.04 34.32 138.9

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 68.60 69.87 70.10 70.10 70.10
jindal stainless (... 32.02 32.02 32.02 32.02 -
jsl overseas holdi... 13.51 13.51 13.51 10.33 19.22
jsl overseas limit... - - - - 11.49
virtuous tradecorp... 10.36 10.36 10.36 10.36 -
sun investments pv... 1.77 1.77 1.77 1.77 4.02
ratan jindal 1.76 1.40 1.40 1.40 3.21
jsl overseas ltd - - - 3.18 -
jindal equipment l... 1.09 1.09 1.09 1.09 2.48
jindal strips limi... 1.01 1.01 1.01 1.01 2.30
vrindavan services... 0.94 0.94 0.94 0.94 2.14
hexa securities an... 0.94 0.94 0.94 0.94 2.13
jsl limited 1.54 1.77 1.77 1.77 -
mansarover investm... - - - - 1.64
siddeshwari tradex... 0.52 0.52 0.52 0.52 1.19
gagan trading comp... 0.47 0.47 0.47 0.47 1.06
colarado trading c... 0.39 0.39 0.39 0.39 0.90
mansarover tradex ... 0.72 0.72 0.72 0.72 -
nalwa investments ... 0.32 0.32 0.32 0.32 0.74
abhyuday jindal 0.62 0.62 0.62 0.62 -
abhyuday jindal - - - - 0.01
stainless investme... 0.27 0.27 0.27 0.27 0.62
ever plus securiti... 0.22 0.22 0.22 0.22 0.50
manjula finances l... 0.19 0.19 0.19 0.19 0.44
jindal rex explora... 0.18 0.18 0.18 0.18 0.40
goswamis credits &... 0.17 0.17 0.17 0.17 0.38
renuka financial s... 0.17 0.17 0.17 0.17 0.38
urvi jindal - 0.36 0.36 0.36 0.01
abhinandan investm... 0.15 0.15 0.15 0.15 0.35
nalwa engineering ... 0.14 0.14 0.14 0.14 0.32
jsw holdings limit... 0.09 0.09 0.09 0.09 0.20
meredith traders p... 0.08 0.08 0.08 0.08 0.18
nalwa sons investm... 0.07 0.07 0.07 0.07 0.15
naveen jindal - - - - 0.06
savitri devi jindal 0.02 0.02 0.02 0.02 0.04
sarika jhunjhnuwala 0.01 0.01 0.01 0.01 0.03
p r jindal huf . 0.01 0.01 0.01 0.01 0.03
deepika jindal 0.01 0.01 0.01 0.01 0.03
naveen jindal (huf) 0.02 0.02 0.02 0.02 -
sangita jindal 0.02 0.02 0.02 0.02 0.02
sajjan jindal - - - - 0.02
sminu jindal - - - - 0.02
rohit tower buildi... 0.01 0.01 0.01 0.01 0.01
s k jindal and son... 0.01 0.01 0.01 0.01 0.01
sminu jindal 0.01 0.01 0.01 0.01 -
parth jindal 0.01 0.01 0.01 0.01 0.01
prithavi raj jindal 0.01 0.01 0.01 - -
arti jindal - - - 0.01 0.01
prithvi raj jindal - - - - 0.01
r k jindal & sons ... - - - - 0.01
tanvi jindal - - - - 0.01
tarini jindal - - - - 0.01
tripti jindal - - - - 0.01
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 31.40 30.13 29.90 29.90 29.90
kotak special situ... 3.01 3.01 - - -
citigroup global m... - - - - 5.15
hypnos fund limited 2.95 2.95 2.95 2.95 4.46
elm park fund limi... 3.73 3.73 3.73 3.73 3.38
elm park fund limi... - - - - -
vinod mohan nair - - - - 3.94
reliance capital t... - - - - 3.86
kotak special situ... - - - - -
hypnos fund limite... - - - - -
kotal special situ... - - 3.01 - -
albula investment ... 1.94 1.67 1.67 1.66 1.56
albula investment ... - - - - -
quant mutual fund ... - - - 2.06 -
abu dhabi investme... - - - - -
india max investme... - - - - 1.68
globe fincap limit... - - - - 1.63
l and t mutual fun... 1.53 1.53 - - -
abu dhabi investme... - - - - -
hsbc value fund - - - 1.53 -
l and t mutual fun... - - 1.53 - -
reliance capital t... - - - - 1.02

Annual Reports

Ratings & Research Reports

Company Presentations

  • ConcallQ4FY22 17 May 2022
  • PresentationQ2FY22 9 Nov 2021
  • PresentationQ1FY21 7 Aug 2020
  • PresentationQ3FY21 5 Feb 2021
  • PresentationQ1FY22 4 Aug 2021
  • PresentationQ2FY21 31 Oct 2020
  • PresentationQ2FY23 3 Jan 2023
  • PresentationQ4FY21 29 May 2021
  • PresentationQ4FY21 20 May 2021
  • PresentationQ4FY20 19 Jun 2020
  • PresentationQ3FY23 17 Feb 2023
  • PresentationQ4FY22 15 Jul 2022
  • PresentationQ2FY23 14 Dec 2022
  • PresentationQ3FY22 11 Feb 2022
  • PresentationQ3FY22 11 Feb 2022

Company News

Jindal Stainless informs about disclosure 28 Mar 2023, 9:44AM Jindal Stainless eyeing to commence operation of hybrid project in next 18 months13 Mar 2023, 11:08AM Jindal Stainless planning to invest Rs 120 crore to set up two solar projects8 Mar 2023, 12:46PM Jindal Stainless partners with CII28 Feb 2023, 11:29AM Jindal Stainless informs about investor conferences7 Feb 2023, 10:20AM Jindal Stainless reports 32% fall in Q3 consolidated net profit23 Jan 2023, 4:25PM Jindal Stainless - Quaterly Results23 Jan 2023, 2:46PM Jindal Stainless - Quaterly Results23 Jan 2023, 2:46PM Jindal Stainless - Quaterly Results23 Jan 2023, 2:46PM Jindal Stainless informs about update23 Dec 2022, 12:32PM Jindal Stainless informs about disclosure21 Dec 2022, 12:16PM Jindal Stainless informs about corporate presentation6 Dec 2022, 5:19PM Jindal Stainless signs contract with ReNew Power to setup renewable energy project5 Dec 2022, 4:06PM Jindal Stainless reports 63% fall in Q2 consolidated net profit3 Nov 2022, 12:42PM Jindal Stainless - Quaterly Results2 Nov 2022, 5:01PM Jindal Stainless - Quaterly Results2 Nov 2022, 5:01PM Jindal Stainless - Quaterly Results2 Nov 2022, 5:01PM Jindal Stainless signs agreement with Yantra India21 Oct 2022, 3:25PM Jindal Stainless gets nod to raise Rs 99 crore through NCDs24 Sep 2022, 10:44AM Jindal Stainless taking host of measures to reduce carbon emissions12 Sep 2022, 9:58AM Jindal Stainless wins ‘Emerging Steel Company of the Year’ award 29 Aug 2022, 3:39PM Jindal Stainless partners with EY India to solidify ESG goals 8 Aug 2022, 5:14PM Jindal Stainless reports 8% rise in Q1 consolidated net profit26 Jul 2022, 2:29PM Jindal Stainless gets nod to acquire 74% stake in Jindal United Steel26 Jul 2022, 12:28PM Jindal Stainless - Quaterly Results25 Jul 2022, 5:01PM Jindal Stainless - Quaterly Results25 Jul 2022, 5:01PM Jindal Stainless - Quaterly Results25 Jul 2022, 5:01PM Indian Railways selects Jindal Stainless to supply stainless steel for USBRL tunnel project18 Jul 2022, 5:14PM Jindal Stainless informs about press release18 Jul 2022, 3:59PM Jindal Stainless supplies stainless steel for foot-overbridge in Andhra Pradesh31 May 2022, 3:20PM Jindal Stainless informs about Investor meet16 May 2022, 4:46PM Jindal Stainless reports around 3-fold jump in Q4 consolidated net profit4 May 2022, 12:56PM Jindal Stainless - Quaterly Results2 May 2022, 3:46PM Jindal Stainless - Quaterly Results2 May 2022, 3:46PM Jindal Stainless - Quaterly Results2 May 2022, 3:46PM Jindal Stainless, Jindal Stainless (Hisar) get shareholders, creditors nod for proposed merger27 Apr 2022, 2:15PM Jindal Stainless keen to make investment in renewable energy sector19 Apr 2022, 11:16AM Jindal Stainless’ exports sales proportion doubles to 32% of sales volumes in Q4FY2213 Apr 2022, 5:39PM Jindal Stainless reports 23% jump in FY22 sales 8 Apr 2022, 11:42AM Jindal Stainless (Hisar) informs about closure of trading window30 Mar 2022, 12:14PM Jindal Stainless (Hisar) gets international certification in aerospace industry9 Mar 2022, 4:27PM Jindal Stainless informs about press release2 Mar 2022, 1:00PM Jindal Stainless raises Rs 375 crore via NCDs24 Feb 2022, 3:48PM Jindal Stainless inks pact with HSBTE to promote technical education in stainless steel technology22 Feb 2022, 11:25AM Jindal Stainless enters into pact with Indian Institute of Technology17 Feb 2022, 11:57AM Jindal Stainless gets nod to raise funds worth Rs 3,500 crore7 Feb 2022, 4:21PM Jindal Stainless - Quaterly Results7 Feb 2022, 3:40PM Jindal Stainless - Quaterly Results7 Feb 2022, 3:40PM Jindal Stainless - Quaterly Results7 Feb 2022, 3:40PM Jindal Stainless planning to raise funds by way of issue of debt securities3 Feb 2022, 12:21PM

Jindal Stainless Stock Price Analysis and Quick Research Report. Is Jindal Stainless an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Jindal Stainless has a PE ratio of 15.3731392583458 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Jindal Stainless has ROA of 13.9146845232011 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Jindal Stainless has a Current ratio of 1.03818509923645 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Jindal Stainless has a ROE of 41.6816022941124 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Jindal Stainless has a D/E ratio of 0.5662 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Jindal Stainless has an Inventory turnover ratio of 6.81854715292335 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Jindal Stainless has reported revenue growth of 73.9164013788687 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Jindal Stainless for the current financial year is 12.7216799576998 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Jindal Stainless is Rs 0 and the yield is 0 %.

Brief about Jindal Stainless

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