Jindal Steel & Power Ltd

Jindal Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Jindal Steel & Power Ltd

₹ 1,039 -1.33%
29 May - close price
jindalsteelpower.com BSE: 532286 NSE: JINDALSTEL
About

Jindal Steel & Power Ltd is one of the India's leading steel producers with significant presence in sectors like mining and power generation. The group has global presence through subsidiaries, mainly in Australia, Botswana, Indonesia, Mauritius, Mozambique, Madagascar, Namibia, South Africa, Tanzania and Zambia.[1]

Key Points

Product Portfolio
The company offers a wide range of steel products which include plates & coils, wire rod & TMT rebar, track rails and structural steel products such as beams and columns, channels, angles, etc.[1] It is a preferred supplier for speciality rail products to the Indian Railways and various metro projects in the country.[2]

Website BSE NSE
  • Market Cap ₹ 1,05,941 Cr.
  • Current Price ₹ 1,039
  • High / Low ₹ 1,086 / 508
  • Stock P/E 20.1
  • Book Value ₹ 446
  • Dividend Yield 0.19 %
  • ROCE 14.6 %
  • ROE 12.3 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Company has a low return on equity of 13.8% over last 3 years.
  • Dividend payout has been low at 5.25% of profits over last 3 years

* 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.

Peer comparison

Sector: Steel Industry: Steel - Sponge Iron

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
10,430 10,385 13,261 11,955 13,831 12,849 13,107 11,832 13,392 12,311 12,082 11,516 13,773
5,546 5,861 8,742 8,787 11,004 9,538 11,269 9,588 11,252 9,657 9,770 8,797 11,254
Operating Profit 4,884 4,524 4,519 3,168 2,827 3,311 1,838 2,244 2,140 2,653 2,312 2,719 2,519
OPM % 47% 44% 34% 26% 20% 26% 14% 19% 16% 22% 19% 24% 18%
653 31 19 24 -295 5,826 -1,656 -7,243 -136 14 26 30 15
Interest 500 444 350 325 295 258 320 343 365 258 258 195 210
Depreciation 548 556 562 563 551 540 544 544 538 540 555 559 563
Profit before tax 4,489 3,554 3,626 2,303 1,686 8,339 -682 -5,886 1,102 1,870 1,526 1,994 1,762
Tax % 24% 25% 25% 26% 29% 21% 31% 23% 28% 25% 27% 26% 27%
3,426 2,661 2,711 1,714 1,198 6,623 -473 -4,512 789 1,400 1,109 1,484 1,282
EPS in Rs 33.59 26.09 26.58 16.80 11.74 64.93 -4.64 -44.23 7.74 13.72 10.87 14.54 12.56
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
14,955 13,826 13,390 13,770 14,449 17,654 27,863 26,324 33,346 49,512 51,680 49,682
10,920 9,844 9,643 11,329 11,539 13,680 21,846 20,537 20,277 34,431 42,143 39,478
Operating Profit 4,035 3,983 3,747 2,441 2,910 3,974 6,018 5,787 13,069 15,080 9,538 10,203
OPM % 27% 29% 28% 18% 20% 23% 22% 22% 39% 30% 18% 21%
305 379 -350 23 1 -345 -1,384 -9 480 -265 -3,214 84
Interest 1,062 1,540 2,251 2,646 2,324 2,391 2,896 2,611 2,187 1,415 1,286 921
Depreciation 1,048 1,221 1,786 2,148 2,044 1,910 2,307 2,287 2,243 2,232 2,166 2,216
Profit before tax 2,228 1,601 -639 -2,330 -1,457 -672 -570 880 9,119 11,168 2,872 7,151
Tax % 29% 19% 51% 39% 32% 46% 54% 30% 22% 26% 16% 26%
1,593 1,292 -311 -1,419 -986 -362 -263 618 7,154 8,283 2,427 5,273
EPS in Rs 17.04 14.12 -3.40 -15.50 -10.78 -3.74 -2.72 6.06 70.14 81.20 23.79 51.69
Dividend Payout % 9% 11% 0% 0% 0% 0% 0% 0% 0% 4% 8% 4%
Compounded Sales Growth
10 Years: 14%
5 Years: 12%
3 Years: 14%
TTM: -4%
Compounded Profit Growth
10 Years: 15%
5 Years: 36%
3 Years: -10%
TTM: 93%
Stock Price CAGR
10 Years: 13%
5 Years: 45%
3 Years: 37%
1 Year: 101%
Return on Equity
10 Years: 9%
5 Years: 14%
3 Years: 14%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 93 91 91 91 92 97 97 102 102 101 100 100
Reserves 12,255 12,973 12,420 22,974 21,675 22,691 22,447 23,607 32,540 40,259 40,456 45,393
20,470 24,369 28,313 25,742 25,326 23,180 19,700 16,835 18,964 13,918 12,458 11,693
6,992 5,774 5,346 11,789 13,002 14,109 15,429 18,331 17,525 20,884 14,015 14,830
Total Liabilities 39,810 43,208 46,170 60,597 60,094 60,077 57,672 58,875 69,131 75,162 67,030 72,017
14,156 18,259 27,215 43,023 41,476 45,636 44,363 44,472 42,722 41,358 40,083 39,495
CWIP 11,484 11,663 3,563 5,686 7,529 2,689 1,624 851 604 760 2,119 3,780
Investments 1,331 1,351 2,487 1,477 1,485 1,490 1,693 1,699 5,558 6,316 5,693 7,531
12,839 11,935 12,905 10,411 9,603 10,261 9,992 11,853 20,248 26,728 19,135 21,211
Total Assets 39,810 43,208 46,170 60,597 60,094 60,077 57,672 58,875 69,131 75,162 67,030 72,017

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,021 2,706 1,449 4,422 4,064 4,860 6,988 7,061 9,760 14,185 6,351 6,909
-4,367 -3,116 -3,147 862 -1,111 -870 -1,347 -1,366 -3,507 -9,407 -3,778 -5,081
3,355 1,118 1,236 -5,231 -3,138 -4,027 -5,676 -5,380 -1,082 -7,428 -1,850 -2,544
Net Cash Flow 10 708 -462 53 -185 -37 -35 314 5,171 -2,649 723 -716

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 35 39 36 22 20 16 12 13 21 9 8 16
Inventory Days 258 288 302 159 125 165 110 125 160 128 82 92
Days Payable 45 145 117 127 157 180 107 148 133 96 67 66
Cash Conversion Cycle 248 181 221 54 -12 1 15 -10 49 41 23 42
Working Capital Days 132 89 128 7 53 19 -21 -19 19 26 -6 19
ROCE % 11% 9% 6% 1% 2% 4% 8% 8% 25% 24% 14%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.47% 60.47% 60.44% 60.45% 60.44% 61.20% 61.21% 61.21% 61.21% 61.21% 61.21% 61.21%
10.54% 9.93% 8.93% 9.70% 10.65% 11.02% 13.13% 13.42% 12.71% 12.23% 11.75% 11.93%
14.50% 14.96% 16.71% 17.34% 15.75% 14.87% 14.17% 13.90% 14.74% 15.22% 15.33% 14.73%
0.73% 0.73% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
13.76% 13.91% 13.92% 12.51% 12.13% 11.42% 10.02% 9.99% 9.86% 9.88% 9.99% 10.41%
0.00% 0.00% 0.00% 0.00% 1.02% 1.48% 1.48% 1.48% 1.48% 1.48% 1.73% 1.73%
No. of Shareholders 2,70,1353,04,8022,99,9542,56,0463,01,8302,72,3332,36,4382,35,4732,30,7742,38,0542,50,7322,59,991

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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