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Jindal Stainless share price

Jindal Stainless Ltd.

NSE: JSL BSE: 532508 SECTOR: Steel & Iron Products  124k   548   77

648.00
+5.15 (0.80%)
BSE: Today, 09:09 AM

Price Summary

Today's High

₹ 648

Today's Low

₹ 648

52 Week High

₹ 651.85

52 Week Low

₹ 242.7

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

53358.56 Cr.

Enterprise Value

55949.93 Cr.

No. of Shares

82.34 Cr.

P/E

19.66

P/B

4.01

Face Value

₹ 2

Div. Yield

0.39 %

Book Value (TTM)

₹  161.58

CASH

898.12 Cr.

DEBT

3489.49 Cr.

Promoter Holding

58.69 %

EPS (TTM)

₹  32.95

Sales Growth

8.48%

ROE

22.41 %

ROCE

21.58%

Profit Growth

-27.81 %

* 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 Year8.48%
3 Year41.67%
5 Year26.57%

Profit Growth

1 Year-27.81%
3 Year136.18%
5 Year44.63%

ROE%

1 Year22.41%
3 Year31.76%
5 Year21.4%

ROCE %

1 Year21.58%
3 Year27.86%
5 Year21.67%

Debt/Equity

0.3046

Price to Cash Flow

18.83

Interest Cover Ratio

10.1607481702358

CFO/PAT (5 Yr. Avg.)

1.39679677613821

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 58.69 0
Sep 2023 57.94 77.54
Jun 2023 57.94 77.54
Mar 2023 57.94 77.54
Dec 2022 70.1 82.95
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 136.176272541502% for the Past 3 years.
  • The company has shown a good revenue growth of 41.6690943504801% for the Past 3 years.
  • Company has been maintaining healthy ROE of 31.759783391613% over the past 3 years.
  • Company has been maintaining healthy ROCE of 27.8612105090514% over the past 3 years.
  • Company has a healthy Interest coverage ratio of 10.1607481702358.
  • The company has an efficient Cash Conversion Cycle of 8.27442783458709 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.39679677613821.
  • The company has a high promoter holding of 58.69%.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 9001.3 9444.31 10027.34 9720.35 9087.57
Total Expenditure 8054.01 8347.31 8909.52 8650.55 8066.77
Operating Profit 947.29 1097 1117.82 1069.8 1020.8
Other Income 29.73 32.29 44.31 33.86 230.04
Interest 67.54 74.58 92.61 104.03 93.41
Depreciation 169.18 168.72 174.23 177.62 182.49
Exceptional Items 0 0 0 0 0
Profit Before Tax 740.3 885.99 895.29 822.01 974.94
Tax 188.32 226.84 229.63 212.61 195.67
Profit After Tax 551.98 659.15 665.66 609.4 779.27
Adjusted EPS (Rs) 10.5 8 8.08 7.4 9.46

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

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 12585.01 12320.11 11679.14 32291.77 35030.35
Total Expenditure 11449.07 11145.29 10283.29 27836.56 31531.9
Operating Profit 1135.94 1174.82 1395.85 4455.21 3498.45
Other Income 27.58 36.98 42.3 328.02 174.73
Interest 614.09 566.89 463.7 312.13 295.12
Depreciation 335.08 408.86 373.42 703.68 674.54
Exceptional Items 6.31 8.31 99.39 0 0
Profit Before Tax 220.66 244.36 700.42 3767.42 2703.52
Tax 81.62 91.48 272.5 977.45 689.52
Net Profit 139.04 152.88 427.92 2789.97 2014
Adjusted EPS (Rs.) 2.9 3.14 8.78 53.09 24.46

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 95.84 97.45 97.45 105.1 164.69
Total Reserves 2378.67 2559.87 3055.33 9341.28 11292.2
Borrowings 3152.69 2715.57 2545.9 2560.25 2755.97
Other N/C liabilities 495.1 653.91 891.26 1401.22 1477.47
Current liabilities 3899.12 4081.16 3674.73 7926.32 10449.39
Total Liabilities 10021.42 10107.96 10264.67 21334.17 26139.72
Assets
Net Block 6142.78 5969.4 5678.73 8160.05 9454.56
Capital WIP 20.14 9.13 49.22 494.65 508.64
Intangible WIP 5.64 2.4 5.5 6.96 11.56
Investments 486.37 486.93 490.56 866.45 871.08
Loans & Advances 63.9 178.2 223.65 848.38 817.05
Other N/C Assets 9.99 10.22 7.25 5.76 9.26
Current Assets 3292.6 3451.68 3809.76 10951.92 14467.57
Total Assets 10021.42 10107.96 10264.67 21334.17 26139.72
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 220.66 244.36 700.42 3767.42 2703.52
Adjustment 916.61 961.82 744.2 983.41 879.9
Changes in Assets & Liabilities 218.85 -81.91 -160.57 -2840.73 -60.5
Tax Paid -2.95 -1.23 10.56 -798.86 -689.34
Operating Cash Flow 1353.17 1123.04 1294.61 1111.24 2833.58
Investing Cash Flow -172.16 -162.03 -153.65 -922.8 -2366.67
Financing Cash Flow -1195.64 -950.97 -1106.64 -37.66 -224.62
Net Cash Flow -14.63 10.04 34.32 150.78 242.29

Corporate Actions

Investors Details

PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
promoters 70.10 57.94 57.94 57.94 58.69
abhinandan investments li... 0.15 0.29 0.29 0.29 0.29
abhyuday jindal 0.62 1.29 3.05 3.05 3.05
colarado trading co ltd 0.39 0.74 0.74 0.74 0.74
deepika jindal 0.01 0.39 0.39 0.39 0.39
ever plus securities and ... 0.22 0.41 0.41 0.41 0.41
gagan trading company lim... 0.47 0.88 0.88 0.88 0.88
goswamis credits & invest... - 0.31 0.31 0.31 0.31
hexa securities and finan... 0.94 1.77 1.77 1.77 1.77
jindal equipment leasing ... - 2.05 2.05 2.05 2.05
jindal infrastructure and... - 0.56 0.56 0.56 0.56
jindal rex exploration pr... 0.18 0.33 0.33 0.33 0.33
jindal strips limited 1.01 1.90 1.90 1.90 1.90
jsl limited 1.77 1.69 1.69 1.69 1.69
jsl overseas holding ltd 10.33 15.10 15.10 15.10 15.10
jsl overseas ltd 3.18 11.01 11.01 11.01 11.75
jsw holdings limited 0.09 0.17 0.17 0.17 0.17
manjula finances ltd 0.19 0.36 0.36 0.36 0.36
mansarover tradex limited... 0.72 1.36 1.36 1.36 1.36
meredith traders private ... 0.08 0.15 0.15 0.15 0.15
nalwa engineering co ltd 0.14 0.27 0.27 0.27 0.27
nalwa investments limited... 0.32 0.61 0.61 0.61 0.61
nalwa sons investments li... 0.07 0.12 0.12 0.12 0.12
naveen jindal huf - 0.04 0.04 0.04 0.04
p r jindal huf . 0.01 0.02 0.02 0.02 0.02
pacific metallic trading ... - 0.14 0.14 0.14 0.14
pankaj continental ltd - 0.24 0.24 0.24 0.24
parth jindal 0.01 0.01 0.01 0.01 0.01
prj family management com... - - - 0.02 0.02
renuka financial services... 0.17 0.32 0.32 0.32 0.32
rohit tower building ltd 0.01 0.01 0.01 0.01 0.01
s k jindal and sons huf .... 0.01 0.01 0.01 0.01 0.01
sangita jindal 0.02 0.03 0.03 0.03 0.03
sarika jhunjhnuwala 0.01 0.03 0.03 0.03 0.03
savitri devi jindal 0.02 0.03 0.03 0.03 0.03
siddeshwari tradex privat... 0.52 0.99 0.99 0.99 0.99
sminu jindal 0.01 0.02 0.02 0.02 0.02
stainless investments lim... 0.27 0.52 0.52 0.52 0.52
sun investments pvt ltd - 3.33 3.33 3.33 3.33
urvi jindal 0.36 0.23 0.23 0.23 0.23
virtuous tradecorp privat... - 6.61 6.61 6.61 6.61
vrindavan services privat... 0.94 1.77 1.77 1.77 1.77
arti jindal 0.01 0.02 0.02 - -
ratan jindal 1.40 1.76 - - -
goswamis credits & invest... 0.17 - - - -
jindal equipment leasing ... 1.09 - - - -
jindal stainless (hisar) ... 32.02 - - - -
naveen jindal (huf) 0.02 - - - -
sun investments pvt limit... 1.77 - - - -
virtuous tradecorp pvt lt... 10.36 - - - -
PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
investors 29.90 42.06 42.06 42.06 41.31
albula investment fund lt... 1.66 3.49 3.49 3.49 3.49
bnp paribus financial mar... - - - - 1.73
elm papark fund limited - 6.71 6.71 6.71 6.71
hsbc value fund 1.53 1.04 - - 1.20
hypnos fund limited 2.95 4.45 4.45 4.41 1.97
quant mutual fund - quant... - 1.02 - - -
elm park fund limited 3.73 - - - -
quant mutual fund - wuant... 2.06 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

  • ConcallQ4FY22 17 May 2022
  • ConcallQ3FY24 2 Feb 2024
  • ConcallQ1FY24 10 Aug 2023
  • PresentationQ4FY23 25 May 2023
  • PresentationQ4FY22 15 Jul 2022
  • PresentationQ4FY21 29 May 2021
  • PresentationQ4FY21 20 May 2021
  • PresentationQ4FY20 19 Jun 2020
  • PresentationQ3FY24 19 Jan 2024
  • PresentationQ3FY23 17 Feb 2023
  • PresentationQ3FY22 11 Feb 2022
  • PresentationQ3FY22 11 Feb 2022
  • PresentationQ3FY21 5 Feb 2021
  • PresentationQ2FY24 20 Oct 2023
  • PresentationQ2FY23 3 Jan 2023
  • PresentationQ2FY23 14 Dec 2022
  • PresentationQ2FY22 9 Nov 2021
  • PresentationQ2FY21 31 Oct 2020
  • PresentationQ1FY24 25 Sep 2023
  • PresentationQ1FY22 4 Aug 2021
  • PresentationQ1FY21 7 Aug 2020
  • PresentationH1FY24 13 Dec 2023

Company News

Jindal Stainless informs about disclosure15 Feb 2024, 10:50AM Jindal Stainless inks MoU with MSME Technology Centre in Visakhapatnam 12 Feb 2024, 10:59AM Jindal Stainless informs about disclosure8 Feb 2024, 2:48PM Jindal Stainless informs about compliances-certificate 20 Jan 2024, 2:40PM Jindal Stainless reports 35% rise in Q3 consolidated net profit18 Jan 2024, 6:12PM Jindal Stainless - Quaterly Results18 Jan 2024, 2:54PM Jindal Stainless - Quaterly Results18 Jan 2024, 2:54PM Jindal Stainless - Quaterly Results18 Jan 2024, 2:54PM Jindal Stainless gets nod to acquire 100% stake in Rabirun Vinimay19 Dec 2023, 3:12PM Jindal Stainless informs about press release 8 Dec 2023, 1:09PM Jindal Stainless aims to achieve 50% carbon emissions reduction well before 20358 Dec 2023, 12:16PM Jindal Stainless informs about disclosure 1 Dec 2023, 3:25PM Jindal Stainless informs about disclosure30 Nov 2023, 2:54PM Jindal Stainless informs about disclosure 24 Nov 2023, 12:54PM Jindal Stainless informs about analyst meet17 Nov 2023, 3:13PM Crisil Ratings upgrades Jindal Stainless' rating to stable15 Nov 2023, 12:40PM Jindal Stainless reports over 2- fold jump in Q2 consolidated net profit19 Oct 2023, 6:07PM Jindal Stainless - Quaterly Results19 Oct 2023, 3:31PM Jindal Stainless - Quaterly Results19 Oct 2023, 3:31PM Jindal Stainless - Quaterly Results19 Oct 2023, 3:31PM Jindal Stainless informs about meeting updates22 Sep 2023, 4:56PM Jindal Stainless supplies special alloy steel grade for motor casing in Chandrayaan-325 Aug 2023, 11:51AM Jindal Stainless informs about corporate presentation8 Aug 2023, 10:55AM Jindal Stainless reports 45% rise in Q1 consolidated net profit27 Jul 2023, 10:30AM Jindal Stainless - Quaterly Results26 Jul 2023, 4:28PM Jindal Stainless - Quaterly Results26 Jul 2023, 4:28PM Jindal Stainless - Quaterly Results26 Jul 2023, 4:28PM Jindal Stainless completes acquisition of Jindal United Steel21 Jul 2023, 11:39AM Jindal Stainless informs about disclosure 16 Jun 2023, 11:59AM Jindal Stainless informs about disclosure 16 Jun 2023, 11:58AM Jindal Stainless ties up with Dassault Systemes to manage production, operational functions16 Jun 2023, 11:07AM Jindal Stainless informs about audio recording of earning call19 May 2023, 12:42PM Jindal Stainless reports 20% fall in Q4 consolidated net profit17 May 2023, 5:45PM Jindal Stainless gets nod to raise funds through various modes17 May 2023, 5:00PM Jindal Stainless - Quaterly Results17 May 2023, 3:40PM Jindal Stainless - Quaterly Results17 May 2023, 3:40PM Jindal Stainless - Quaterly Results17 May 2023, 3:40PM Jindal Stainless informs about certificate28 Apr 2023, 12:13PM Jindal Stainless supplies 300 metric tonnes of steel for B R Ambedkar statue in Telangana19 Apr 2023, 10:00AM Jindal Stainless informs about outcome of board meeting18 Apr 2023, 4:34PM 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 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 19.5079688770742 which is high and comparatively overvalued .

  • Share Price: - The current share price of Jindal Stainless is Rs 642.85. One can use valuation calculators of ticker to know if Jindal Stainless share price is undervalued or 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 8.48466388576963 % 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 1.3845372792096 .

  • 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 22.4058473253993 % .(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 0.3046 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 5.23204977361267 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 8.48073673261018 % which is poor 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 9.98691134972958 %.

  • 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 2.5 and the yield is 0.3905 %.

Last Updated on:
Brief about Jindal Stainless

Jindal Stainless Ltd.Financials: Check Share Price, Balance Sheet, Annual Report and Quarterly Results for Company Analysis

 

Jindal Stainless Ltd. is a leading manufacturer of stainless steel in India. The company produces a range of products such as flat products, long products, and value-added products.  We will provide a comprehensive analysis of Jindal Stainless Ltd.'s stock performance and key financial indicators.

Jindal Stainless Ltd. Share Price 

Jindal Stainless Ltd.'s share price has been volatile over the past few years due to various factors such as changes in government policies, fluctuations in commodity prices, and global economic conditions. However, the company has shown resilience and has been able to maintain a stable share price over the long term. Investors can use our pre-built screening tools to track Jindal Stainless Ltd.'s share price and compare it with other companies in the industry.

Jindal Stainless Ltd. Balance Sheet 

Jindal Stainless Ltd.'s balance sheet is a reflection of the company's financial health and stability. The company has a strong balance sheet with a healthy debt-to-equity ratio and a high current ratio. Ticker premium features allow fair value calculation using tools such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis. These tools provide investors with a comprehensive understanding of the company's financial position and help them make informed investment decisions.

Jindal Stainless Ltd. Annual Report

Jindal Stainless Ltd.'s annual reports provide detailed information about the company's operations, financial performance, and future prospects. Investors can download the annual reports from Ticker and analyze the company's performance over the years. The annual report also includes information about the company's management team, corporate governance practices, and sustainability initiatives.

Jindal Stainless Ltd. Dividend 

Jindal Stainless Ltd. has a consistent track record of paying dividends to its shareholders. The company has a dividend payout ratio of over 30%, which indicates that it is committed to sharing its profits with its shareholders. Investors can track Jindal Stainless Ltd.'s dividend history using Ticker pre-built screening tools and compare it with other companies in the industry.

Jindal Stainless Ltd. Quarterly Result 

Jindal Stainless Ltd.'s quarterly results provide an insight into the company's performance over a shorter period. The company's revenue and profits can be affected by various factors such as changes in government policies, fluctuations in commodity prices, and global economic conditions. Ticker premium features allow fair value calculation using tools such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis. These tools provide investors with a comprehensive understanding of the company's financial position and help them make informed investment decisions.

Jindal Stainless Ltd. Stock Price 

Jindal Stainless Ltd.'s stock price is influenced by various factors such as the company's financial performance, market conditions, and investor sentiment. Investors can track Jindal Stainless Ltd.'s stock price using our pre-built screening tools and compare it with other companies in the industry. Our premium features allow fair value calculation using tools such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis.

Jindal Stainless Ltd. Price Chart 

Jindal Stainless Ltd.'s price chart provides a visual representation of the company's stock performance over a period of time. Investors can use our pre-built screening tools to analyze Jindal Stainless Ltd.'s price chart and compare it with other companies in the industry. Our premium features allow fair value calculation using tools such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis.

Jindal Stainless Ltd. News 

Jindal Stainless Ltd.'s news section provides investors with the latest updates about the company's operations, financial performance, and future prospects. Investors can stay informed about the company's developments by regularly checking the news section on Ticker.

Jindal Stainless Ltd. Concall Transcripts 

Jindal Stainless Ltd.'s concall transcripts provide investors with an opportunity to listen to the management team's views on the company's performance and future prospects. Investors can download the concall transcripts from Ticker and gain valuable insights into the company's operations.

Jindal Stainless Ltd. Investor Presentations 

Jindal Stainless Ltd.'s investor presentations provide a comprehensive overview of the company's operations, financial performance, and future prospects. Investors can download the investor presentations from Ticker and gain a deeper understanding of the company's business model and growth prospects.

Jindal Stainless Ltd. Promoters 

Jindal Stainless Ltd.'s promoters include the Jindal family and various financial institutions. The company has a strong backing from its promoters, which provides investors with a sense of security and stability.

Jindal Stainless Ltd. Shareholders 

Jindal Stainless Ltd.'s shareholders include retail investors, institutional investors, and the company's promoters. The company has a diverse shareholder base, which indicates that it is a popular investment choice among investors.

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