WEBSITE BSE:532286 NSE : JINDAL STE 13 May, 12:01
Market Cap ₹94761 Cr.
Stock P/E 17.0
P/B 2.2
Current Price ₹929
Book Value ₹ 425.8
Face Value 1
52W High ₹960
Dividend Yield 0.22%
52W Low ₹ 503
Jindal Steel and Power Ltd (JSPL) is an India-based steel producer organisation. The Company's segments comprises Iron & Steel, Power and Other. The Iron and metal products section accommodates of producing of Steel products, sponge iron, pellets and castings. The Power section incorporates of enterprise of power generation. The Others section comprises particularly aviation, machinery division and property. The Company's merchandise portfolio consists of rails, parallel flange beams and columns, plates and coils, angles and channels, wire rods, round bars, pace floors, Jindal panther Thermo routinely handled (TMT) rebars, Jindal panther cement, fabricated sections and semi-completed. JSPL caters to various clients with a portfolio of products spanning flat, lengthy and unique merchandise, focused on handing over custom designed, metal to its shoppers. JSPL additionally has a sizable power portfolio, comprising independent power plants (IPPs) and captive power projects (CPP).
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| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 13612 | 12525 | 14339 | 13045 | 13521 | 12452 | 13692 | 12588 | 12250 | 11701 |
| Other Income | 4 | 10 | 2 | 24 | 0 | 17 | 16 | 55 | 32 | 35 |
| Total Income | 13615 | 12535 | 14342 | 13069 | 13522 | 12470 | 13708 | 12644 | 12282 | 11736 |
| Total Expenditure | 9018 | 9215 | 11269 | 9607 | 11590 | 10075 | 11505 | 9960 | 9964 | 8859 |
| Operating Profit | 4598 | 3321 | 3073 | 3463 | 1932 | 2395 | 2203 | 2683 | 2318 | 2878 |
| Interest | 482 | 472 | 373 | 364 | 365 | 346 | 371 | 329 | 329 | 315 |
| Depreciation | 610 | 613 | 272 | 596 | 614 | 608 | 873 | 588 | 604 | 636 |
| Exceptional Income / Expenses | 0 | 0 | -406 | 61 | -898 | -378 | -153 | 0 | 0 | 0 |
| Profit Before Tax | 3507 | 2236 | 2021 | 2563 | 54 | 1062 | 806 | 1767 | 1385 | 1927 |
| Provision for Tax | 923 | 614 | 494 | 573 | -165 | 544 | 340 | 75 | -6 | -1 |
| Profit After Tax | 2584 | 1622 | 1527 | 1990 | 219 | 518 | 466 | 1692 | 1390 | 1928 |
| Adjustments | 0 | -5 | -16 | 3 | -20 | 0 | -3 | -5 | -3 | 0 |
| Profit After Adjustments | 2584 | 1617 | 1511 | 1993 | 200 | 519 | 463 | 1687 | 1388 | 1928 |
| Adjusted Earnings Per Share | 25.3 | 15.8 | 14.9 | 19.8 | 2 | 5.2 | 4.6 | 16.8 | 13.8 | 19.2 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 19807 | 19286 | 19359 | 18371 | 21051 | 27383 | 39372 | 30465 | 38989 | 51086 | 52711 | 50231 |
| Other Income | 334 | 412 | 536 | 451 | 311 | 197 | 172 | 84 | 754 | 401 | 381 | 138 |
| Total Income | 20141 | 19698 | 19895 | 18822 | 21362 | 27580 | 39544 | 30549 | 39743 | 51487 | 53093 | 50370 |
| Total Expenditure | 13702 | 13550 | 13919 | 14977 | 16341 | 20914 | 31018 | 23650 | 24648 | 35804 | 42930 | 40288 |
| Operating Profit | 6439 | 6148 | 5977 | 3846 | 5020 | 6666 | 8525 | 6899 | 15094 | 15683 | 10162 | 10082 |
| Interest | 1067 | 1807 | 2875 | 3506 | 3742 | 4060 | 4368 | 3826 | 3204 | 2006 | 1616 | 1344 |
| Depreciation | 1539 | 1829 | 2733 | 4068 | 3949 | 3883 | 5480 | 3429 | 3453 | 2097 | 2691 | 2701 |
| Exceptional Income / Expenses | 0 | 0 | -1912 | -236 | -372 | -587 | -1478 | -109 | -1141 | -1646 | -1369 | -153 |
| Profit Before Tax | 3833 | 2512 | -1543 | -3964 | -3043 | -1864 | -2802 | -465 | 7296 | 9933 | 4485 | 5885 |
| Provision for Tax | 922 | 618 | -88 | -877 | -503 | -240 | -390 | 108 | 1769 | 1648 | 1292 | 408 |
| Profit After Tax | 2912 | 1894 | -1455 | -3086 | -2540 | -1624 | -2412 | -574 | 5527 | 8285 | 3193 | 5476 |
| Adjustments | -2 | 17 | 176 | 120 | 259 | 215 | 766 | 465 | -1893 | -2047 | 739 | -11 |
| Profit After Adjustments | 2910 | 1910 | -1278 | -2966 | -2281 | -1409 | -1645 | -109 | 3634 | 6238 | 3932 | 5466 |
| Adjusted Earnings Per Share | 31.1 | 20.9 | -14 | -32.4 | -24.9 | -14.6 | -17 | -1.1 | 35.6 | 61.7 | 39.1 | 54.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 3% | 20% | 14% | 10% |
| Operating Profit CAGR | -35% | 14% | 9% | 5% |
| PAT CAGR | -61% | 0% | 0% | 1% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 61% | 31% | 43% | 14% |
| ROE Average | 9% | 17% | 8% | 3% |
| ROCE Average | 12% | 17% | 11% | 8% |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 21252 | 22611 | 21042 | 32436 | 30051 | 30385 | 32085 | 32137 | 31815 | 35625 | 38707 |
| Minority's Interest | 557 | 1080 | 857 | 900 | 647 | 440 | -526 | -776 | -878 | 1471 | 313 |
| Borrowings | 15402 | 25900 | 35614 | 36354 | 32598 | 32956 | 29940 | 27897 | 20230 | 8434 | 7208 |
| Other Non-Current Liabilities | 1931 | 1766 | 2392 | 6162 | 6430 | 5997 | 6115 | 7242 | 7394 | 8412 | 7702 |
| Total Current Liabilities | 17930 | 17556 | 15632 | 20092 | 24395 | 22909 | 24356 | 26171 | 19591 | 18179 | 20810 |
| Total Liabilities | 57073 | 68913 | 75537 | 95943 | 94121 | 92687 | 91970 | 92670 | 78152 | 79270 | 74738 |
| Fixed Assets | 19429 | 34989 | 46643 | 65039 | 65900 | 68444 | 69034 | 69382 | 54350 | 45488 | 43542 |
| Other Non-Current Assets | 22463 | 20973 | 12938 | 14628 | 11653 | 6473 | 5657 | 4369 | 3172 | 4547 | 10409 |
| Total Current Assets | 15181 | 12951 | 15956 | 16277 | 16398 | 17519 | 16995 | 18670 | 20574 | 18021 | 20770 |
| Total Assets | 57073 | 68913 | 75537 | 95943 | 94121 | 92687 | 91970 | 92670 | 78152 | 79270 | 74738 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 132 | 175 | 940 | 1103 | 502 | 246 | 264 | 178 | 500 | 5965 | 3505 |
| Cash Flow from Operating Activities | 3522 | 4580 | 1182 | 4333 | 6850 | 7724 | 9027 | 8814 | 11961 | 16048 | 7276 |
| Cash Flow from Investing Activities | -9591 | -12694 | -6717 | -2262 | -1999 | -1431 | -832 | -1476 | -1884 | -2331 | -4019 |
| Cash Flow from Financing Activities | 6111 | 8879 | 5708 | -2672 | -5108 | -6276 | -8261 | -7016 | -4612 | -15120 | -2500 |
| Net Cash Inflow / Outflow | 43 | 766 | 173 | -601 | -257 | 17 | -67 | 322 | 5465 | -1403 | 757 |
| Closing Cash & Cash Equivalent | 175 | 940 | 1113 | 502 | 246 | 264 | 197 | 500 | 5965 | 4562 | 4261 |
| # | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 31.13 | 20.88 | -13.97 | -32.42 | -24.93 | -14.56 | -17 | -1.07 | 35.62 | 61.72 | 39.12 |
| CEPS(Rs) | 47.61 | 40.69 | 13.97 | 10.73 | 15.4 | 23.34 | 31.71 | 27.99 | 88.04 | 102.72 | 58.55 |
| DPS(Rs) | 1.6 | 1.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 2 |
| Book NAV/Share(Rs) | 227.35 | 246.02 | 229.74 | 354.35 | 328.23 | 313.7 | 331.01 | 315.06 | 311.91 | 352.48 | 385.14 |
| Core EBITDA Margin(%) | 23.13 | 21.47 | 20.24 | 12.66 | 16.06 | 19.42 | 16.37 | 16.3 | 26.9 | 20.12 | 11.91 |
| EBIT Margin(%) | 18.57 | 16.16 | 4.96 | -1.71 | 2.38 | 6.59 | 3.07 | 8.04 | 19.7 | 15.72 | 7.43 |
| Pre Tax Margin(%) | 14.52 | 9.4 | -5.74 | -14.78 | -10.38 | -5.6 | -5.49 | -1.11 | 13.69 | 13.08 | 5.46 |
| PAT Margin (%) | 11.03 | 7.09 | -5.41 | -11.51 | -8.66 | -4.88 | -4.73 | -1.37 | 10.37 | 10.91 | 3.89 |
| Cash Profit Margin (%) | 16.86 | 13.93 | 4.76 | 3.66 | 4.8 | 6.78 | 6.01 | 6.83 | 16.85 | 13.67 | 7.16 |
| ROA(%) | 5.7 | 3.01 | -2.01 | -3.6 | -2.67 | -1.74 | -2.61 | -0.62 | 6.47 | 10.53 | 4.15 |
| ROE(%) | 14.79 | 8.66 | -6.68 | -11.55 | -8.13 | -5.38 | -7.73 | -1.79 | 17.28 | 24.57 | 8.59 |
| ROCE(%) | 12.09 | 8.24 | 2.12 | -0.63 | 0.9 | 2.94 | 2.16 | 4.78 | 16.14 | 21.79 | 12.25 |
| Receivable days | 22.55 | 25.45 | 23.51 | 21.24 | 19.58 | 19.41 | 17.36 | 28.71 | 21.72 | 9.75 | 4.97 |
| Inventory Days | 56.03 | 64.23 | 66.06 | 55.15 | 42.65 | 46.9 | 41.02 | 56.21 | 42.15 | 31.78 | 29.26 |
| Payable days | 78.61 | 93.2 | 115.47 | 86.7 | 91.77 | 95.48 | 90.45 | 175.31 | 163.5 | 82.7 | 73.54 |
| PER(x) | 11.18 | 13.97 | 0 | 0 | 0 | 0 | 0 | 0 | 9.65 | 8.64 | 13.96 |
| Price/Book(x) | 1.53 | 1.19 | 0.68 | 0.17 | 0.37 | 0.7 | 0.54 | 0.26 | 1.1 | 1.51 | 1.42 |
| Dividend Yield(%) | 0.46 | 0.51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.56 | 0.37 |
| EV/Net Sales(x) | 2.88 | 3.22 | 3.04 | 2.81 | 2.68 | 2.33 | 1.44 | 1.45 | 1.49 | 1.23 | 1.19 |
| EV/Core EBITDA(x) | 8.85 | 10.09 | 9.86 | 13.44 | 11.24 | 9.56 | 6.63 | 6.42 | 3.86 | 4.02 | 6.16 |
| Net Sales Growth(%) | 8.78 | -2.63 | 0.38 | -5.1 | 14.58 | 30.08 | 43.78 | -22.62 | 27.98 | 31.03 | 3.18 |
| EBIT Growth(%) | -16.74 | -11.87 | -69.15 | -134.38 | 252.63 | 214.05 | -28.65 | 114.52 | 212.46 | 13.71 | -48.89 |
| PAT Growth(%) | -27.25 | -34.96 | -176.81 | -112.17 | 17.69 | 36.06 | -48.47 | 76.21 | 1063.4 | 49.9 | -61.46 |
| EPS Growth(%) | -26.6 | -32.93 | -166.91 | -132.08 | 23.1 | 41.61 | -16.76 | 93.7 | 3428.33 | 73.26 | -36.61 |
| Debt/Equity(x) | 1.16 | 1.62 | 2.18 | 1.44 | 1.53 | 1.42 | 1.23 | 1.15 | 0.92 | 0.36 | 0.32 |
| Current Ratio(x) | 0.85 | 0.74 | 1.02 | 0.81 | 0.67 | 0.76 | 0.7 | 0.71 | 1.05 | 0.99 | 1 |
| Quick Ratio(x) | 0.59 | 0.46 | 0.71 | 0.65 | 0.52 | 0.55 | 0.43 | 0.47 | 0.75 | 0.59 | 0.72 |
| Interest Cover(x) | 4.59 | 2.39 | 0.46 | -0.13 | 0.19 | 0.54 | 0.36 | 0.88 | 3.28 | 5.95 | 3.77 |
| Total Debt/Mcap(x) | 0.76 | 1.36 | 3.19 | 8.52 | 4.14 | 2.02 | 2.28 | 4.39 | 0.84 | 0.24 | 0.22 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 60.44 | 60.45 | 60.44 | 61.2 | 61.2 | 61.2 | 61.2 | 61.2 | 61.2 | 61.2 |
| FII | 8.93 | 9.7 | 10.65 | 11.03 | 13.13 | 13.42 | 12.72 | 12.23 | 11.75 | 11.93 |
| DII | 16.71 | 17.34 | 15.75 | 14.88 | 14.18 | 13.91 | 14.75 | 15.22 | 15.32 | 14.73 |
| Public | 13.92 | 12.51 | 13.16 | 12.9 | 11.5 | 11.48 | 11.34 | 11.36 | 11.73 | 12.15 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 61.66 | 61.66 | 61.66 | 62.43 | 62.43 | 62.43 | 62.43 | 62.43 | 62.43 | 62.43 |
| FII | 9.11 | 9.89 | 10.86 | 11.25 | 13.39 | 13.69 | 12.97 | 12.47 | 11.98 | 12.17 |
| DII | 17.05 | 17.69 | 16.07 | 15.18 | 14.46 | 14.18 | 15.05 | 15.52 | 15.63 | 15.03 |
| Public | 14.2 | 12.76 | 13.42 | 13.16 | 11.73 | 11.71 | 11.56 | 11.59 | 11.97 | 12.39 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 102.01 | 102.01 | 102.01 | 102.01 | 102.01 | 102.01 | 102.01 | 102.01 | 102.01 | 102.01 |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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