Jindal Stainless

₹732 1.5 | 0.2%

WEBSITE BSE:532508 NSE : JSL 26 Dec, 16:01

Market Cap ₹60300 Cr.

Stock P/E 22.4

P/B 4.1

Current Price ₹732

Book Value ₹ 178.7

Face Value 2

52W High ₹848

Dividend Yield 0.41%

52W Low ₹ 513.6

Edit Ratio

Jindal Stainless Research see more...

Overview Inc. Year: 1980Industry: Steel & Iron Products

Jindal Stainless Ltd is engaged inside the commercial enterprise of manufacturing of stainless steel flat merchandise in austenitic, ferritic, martensitic and duplex grades. Its product range includes hot rolled coils, plates, ferro alloys, stainless steel slabs, and sheets, and cold rolled coils and sheets. Its applications consist of structure, buildings, and construction, automotive and transport, railway, consumer durables, process industry, plumbing, coin blanks, nuclear programs, and precision strip and blade metallic. It offers a range of stainless-steel merchandise in two hundred series, three hundred series, four hundred series, and duplex chrome steel grades. It is also engaged in the improvement of stainless-steel e rickshaw, food grade chrome steel, stainless-steel fuel tanks, and exhaust systems in industrial motors, stainless steel bus body, railway coaches and wagons, and special finishes. It operates a steel plant at Jajpur, Odisha, with a capacity of 1.1 million tons per annum.

Jindal Stainless Share Price

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Peer Comparison

Jindal Stainless Quarterly Results

#(Fig in Cr.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018
Net Sales	2468	2194	2608	2989	3173
Other Income	14	10	14	11	11
Total Income	2481	2204	2622	3000	3183
Total Expenditure	2155	1944	2351	2603	2784
Operating Profit	327	260	271	396	399
Interest	34	102	161	154	124
Depreciation	79	76	76	77	75
Exceptional Income / Expenses	32	-19	15	38	-33
Profit Before Tax	246	63	48	204	167
Provision for Tax	85	22	21	70	52
Profit After Tax	161	42	27	135	115
Adjustments	-161	-42	-27	-135	-115
Profit After Adjustments	0	0	0	0	0
Adjusted Earnings Per Share	4	0.9	0.6	2.9	2.4

Jindal Stainless Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	11947	6011	6528	8311	10785	12585	12320	11679	32292	35030	38356	10964
Other Income	50	54	26	26	45	28	37	42	328	175	560	46
Total Income	11997	6065	6554	8337	10830	12613	12357	11721	32620	35205	38916	11009
Total Expenditure	11071	5708	6007	7205	9504	11449	11145	10283	27837	31532	34511	9682
Operating Profit	926	357	547	1132	1326	1164	1212	1438	4783	3673	4405	1326
Interest	1235	916	1006	762	541	614	567	464	312	295	393	541
Depreciation	688	393	298	308	304	335	409	373	704	675	715	304
Exceptional Income / Expenses	-417	1173	-34	26	1	6	8	99	0	0	31	1
Profit Before Tax	-1414	222	-792	89	483	221	244	700	3767	2704	3328	482
Provision for Tax	-23	-1	-233	30	165	82	91	273	977	690	797	165
Profit After Tax	-1390	223	-559	58	318	139	153	428	2790	2014	2531	319
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-319
Profit After Adjustments	-1390	223	-559	58	318	139	153	428	2790	2014	2531	0
Adjusted Earnings Per Share	-64.5	9.9	-24.2	1.5	6.6	2.9	3.1	8.8	53.1	24.5	30.7	6.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	9%	49%	25%	12%
Operating Profit CAGR	20%	45%	30%	17%
PAT CAGR	26%	81%	79%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	31%	56%	81%	35%
ROE Average	20%	34%	24%	442%
ROCE Average	23%	29%	24%	15%

Jindal Stainless Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	194	194	1637	1741	2352	2475	2657	3153	9446	11457	13700
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	8509	8070	7323	3382	3551	3153	2716	2546	2560	2756	2600
Other Non-Current Liabilities	284	347	-66	14	450	495	654	891	1401	1477	1526
Total Current Liabilities	6882	5184	5417	5147	3812	3899	4081	3675	7926	10425	9692
Total Liabilities	15868	13796	14311	10285	10164	10021	10108	10265	21334	26115	27518
Fixed Assets	9438	7394	6645	6392	6143	6143	5969	5679	8160	9455	9542
Other Non-Current Assets	477	536	597	562	727	586	687	776	2222	2193	4601
Total Current Assets	5953	5866	7069	3331	3293	3293	3452	3810	10952	14468	13375
Total Assets	15868	13796	14311	10285	10164	10021	10108	10265	21334	26115	27518

Jindal Stainless Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	90	49	41	57	35	21	6	16	59	210	452
Cash Flow from Operating Activities	884	421	766	5182	1427	1353	1123	1295	1111	2834	3683
Cash Flow from Investing Activities	-89	28	1065	-5	-184	-172	-162	-154	-923	-2367	-2831
Cash Flow from Financing Activities	-836	-449	-1801	-5198	-1258	-1196	-951	-1107	-38	-225	-363
Net Cash Inflow / Outflow	-42	-0	29	-22	-15	-15	10	34	151	242	490
Closing Cash & Cash Equivalent	49	41	70	35	21	6	16	50	210	452	942

Jindal Stainless Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	-64.54	9.85	-24.18	1.46	6.64	2.9	3.14	8.78	53.09	24.46	30.73
CEPS(Rs)	-32.61	27.19	-11.27	9.17	12.98	9.89	11.53	16.45	66.48	32.65	39.42
DPS(Rs)	0	0	0	0	0	0	0	0	0	2.5	3
Book NAV/Share(Rs)	8.62	-7.81	54.84	42.93	49.07	51.64	54.54	63.6	124.08	139.13	166.26
Core EBITDA Margin(%)	6.75	4.69	7.41	12.36	11.68	8.93	9.39	11.69	13.59	9.83	9.9
EBIT Margin(%)	-1.38	17.61	3.05	9.49	9.34	6.56	6.48	9.75	12.44	8.42	9.58
Pre Tax Margin(%)	-10.9	3.43	-11.27	0.99	4.41	1.73	1.95	5.87	11.49	7.59	8.57
PAT Margin (%)	-10.72	3.45	-7.96	0.65	2.9	1.09	1.22	3.58	8.51	5.66	6.52
Cash Profit Margin (%)	-5.42	9.53	-3.71	4.09	5.67	3.73	4.49	6.71	10.66	7.55	8.36
ROA(%)	-8.48	1.5	-3.98	0.47	3.11	1.38	1.52	4.2	17.66	8.49	9.44
ROE(%)	-167.85	4988.02	-102.49	3.91	15.65	5.76	5.96	14.87	58.01	22.41	20.13
ROCE(%)	-1.5	10.11	1.88	8.93	14.17	12.21	12.57	18.83	43.17	21.58	22.94
Receivable days	50.65	74.76	48.71	35.13	27.19	23.97	23.65	26.92	27.03	39.42	32.01
Inventory Days	92.63	141.98	87.36	69.24	62.71	58.19	63.79	73.33	46.51	69.76	71.24
Payable days	131.08	183.39	131.72	121.11	95	92.02	107.59	120.52	68.33	100.9	100.68
PER(x)	0	3.54	0	48.72	11.8	13.98	7.65	7.69	3.82	11.84	22.6
Price/Book(x)	4.17	-4.47	0.31	1.66	1.6	0.79	0.44	1.06	1.63	2.08	4.18
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0.86	0.43
EV/Net Sales(x)	1	1.94	1.59	1.01	0.78	0.48	0.39	0.52	0.43	0.75	1.55
EV/Core EBITDA(x)	12.91	32.62	18.94	7.44	6.37	5.2	3.94	4.24	2.89	7.2	13.53
Net Sales Growth(%)	16.15	-49.69	8.6	27.32	29.76	16.69	-2.1	-5.2	176.49	8.48	9.49
EBIT Growth(%)	14.5	736.01	-81.18	297.35	20.4	-18.47	-2.82	43.5	250.44	-26.5	24.09
PAT Growth(%)	-69.35	116.05	-350.64	110.43	445.54	-56.31	9.95	179.91	551.98	-27.81	25.65
EPS Growth(%)	-60.47	115.27	-345.41	106.04	354.76	-56.31	8.14	179.91	504.53	-53.93	25.65
Debt/Equity(x)	59.4	-61.93	7.92	3.28	2.01	1.66	1.38	0.94	0.52	0.3	0.28
Current Ratio(x)	0.87	1.13	1.31	0.65	0.86	0.84	0.85	1.04	1.38	1.39	1.38
Quick Ratio(x)	0.38	0.8	1	0.31	0.34	0.32	0.27	0.37	0.64	0.65	0.61
Interest Cover(x)	-0.14	1.24	0.21	1.12	1.89	1.36	1.43	2.51	13.07	10.16	9.46
Total Debt/Mcap(x)	14.49	13.78	25.84	1.98	1.26	2.12	3.13	0.88	0.32	0.15	0.07

Jindal Stainless Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	70.1	70.1	70.1	57.94	57.94	57.94	58.69	60.49	60.49	60.49
FII	13.77	12.71	13.05	21.92	22.2	23.37	22.56	20.83	22.49	22.78
DII	5.86	6.49	7.22	6.15	6.01	5.42	5.81	6.63	6.25	5.87
Public	10.11	10.54	9.46	13.09	12.95	12.67	12.95	12.05	10.77	10.86
Others	0.17	0.17	0.17	0.9	0.9	0.59	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	36.84	36.84	36.84	47.71	47.71	47.71	48.32	49.81	49.81	49.81
FII	7.24	6.68	6.86	18.05	18.28	19.24	18.57	17.15	18.52	18.76
DII	3.08	3.41	3.79	5.06	4.95	4.46	4.79	5.46	5.15	4.84
Public	5.31	5.54	4.97	10.78	10.66	10.43	10.66	9.92	8.87	8.94
Others	0.09	0.09	0.09	0.74	0.74	0.49	0	0	0	0
Total	52.55	52.55	52.55	82.34	82.34	82.34	82.34	82.34	82.34	82.34

Pros

Company has delivered good profit growth of 78% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 34%
Debtor days have improved from 100.9 to 100.68days.
Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 4.1 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Jindal Stainless

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Jindal Stainless Research see more...

Overview Inc. Year: 1980Industry: Steel & Iron Products

Jindal Stainless Share Price

Alert Data

Quarterly Price

Peer Comparison

Jindal Stainless Quarterly Results

Jindal Stainless Profit & Loss

Growth Rates

Jindal Stainless Balance Sheet

Jindal Stainless Cash Flow

Jindal Stainless Ratios

Jindal Stainless Shareholding Pattern

Jindal Stainless News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

IPO

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