Jindal Steel & Power Ltd

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

Jindal Steel & Power Ltd

₹ 932 -1.10%
26 Apr - 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 ₹ 95,057 Cr.
  • Current Price ₹ 932
  • High / Low ₹ 947 / 503
  • Stock P/E 17.1
  • Book Value ₹ 407
  • Dividend Yield 0.21 %
  • ROCE 14.2 %
  • ROE 10.6 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 44.7% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 9.84% over past five years.
  • Company has a low return on equity of 13.3% 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
9,281 10,594 10,610 13,612 12,525 14,339 13,045 13,521 12,452 13,692 12,588 12,250 11,701
5,357 6,359 8,572 9,018 9,215 11,270 9,607 11,590 10,075 11,505 9,960 9,965 8,859
Operating Profit 3,923 4,234 2,037 4,594 3,310 3,070 3,439 1,931 2,377 2,187 2,628 2,285 2,843
OPM % 42% 40% 19% 34% 26% 21% 26% 14% 19% 16% 21% 19% 24%
318 -11 34 98 255 276 866 -898 -361 -138 55 32 35
Interest 643 576 561 482 472 373 364 365 346 371 329 329 315
Depreciation 608 588 602 610 613 272 596 614 608 873 588 604 636
Profit before tax 2,990 3,059 908 3,601 2,480 2,701 3,344 54 1,062 805 1,767 1,384 1,927
Tax % 14% 30% 98% 26% 25% 18% 17% -304% 51% 42% 4% -0% -0%
2,567 2,139 14 2,678 1,866 2,207 2,771 219 518 466 1,692 1,390 1,928
EPS in Rs 22.10 19.30 0.40 25.33 15.85 14.81 19.54 1.96 5.08 4.53 16.54 13.60 18.90
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
18,209 19,807 19,286 19,401 19,469 21,603 33,286 46,966 37,923 34,579 51,166 53,212 50,232
11,410 13,701 13,487 13,937 16,032 16,894 26,817 38,553 31,092 23,646 35,650 43,270 40,289
Operating Profit 6,799 6,106 5,799 5,464 3,437 4,709 6,469 8,412 6,831 10,933 15,515 9,942 9,943
OPM % 37% 31% 30% 28% 18% 22% 19% 18% 18% 32% 30% 19% 20%
310 333 349 -1,399 -79 -362 -584 -1,470 74 313 -1,840 -539 -15
Interest 533 1,067 1,807 2,875 3,254 3,441 3,866 4,264 3,768 2,753 1,888 1,446 1,345
Depreciation 1,386 1,539 1,829 2,733 4,068 3,949 3,883 5,480 3,429 2,414 2,097 2,691 2,700
Profit before tax 5,189 3,833 2,512 -1,543 -3,964 -3,043 -1,864 -2,802 -291 6,078 9,690 5,266 5,883
Tax % 23% 24% 25% 6% 22% 17% 13% 14% -37% 30% 30% 25%
4,022 2,952 1,896 -1,452 -3,087 -2,538 -1,616 -2,412 -400 4,267 6,766 3,974 5,476
EPS in Rs 42.41 31.13 20.88 -13.97 -32.42 -24.93 -14.56 -17.00 -1.07 35.62 56.40 31.11 53.57
Dividend Payout % 4% 5% 7% 0% 0% 0% 0% 0% 0% 0% 5% 6%
Compounded Sales Growth
10 Years: 10%
5 Years: 10%
3 Years: 12%
TTM: -6%
Compounded Profit Growth
10 Years: 3%
5 Years: 45%
3 Years: 279%
TTM: 26%
Stock Price CAGR
10 Years: 14%
5 Years: 40%
3 Years: 28%
1 Year: 60%
Return on Equity
10 Years: 3%
5 Years: 8%
3 Years: 13%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 93 93 91 91 91 92 97 97 102 102 101 100 100
Reserves 18,018 21,159 22,519 20,951 32,345 29,959 30,283 31,983 32,035 31,713 35,524 38,606 41,401
17,091 24,618 36,368 45,501 46,797 45,850 42,962 39,559 36,824 29,910 13,502 13,046 13,467
9,806 11,202 9,935 8,994 13,166 14,674 15,889 17,362 20,780 16,116 27,517 17,674 17,243
Total Liabilities 45,008 57,073 68,913 75,537 92,398 90,575 89,230 89,001 89,742 77,840 76,644 69,427 72,212
16,586 19,429 34,989 46,643 65,038 65,932 68,450 69,039 69,381 54,349 45,488 43,542 43,725
CWIP 13,652 19,230 17,811 9,073 11,827 9,716 4,978 4,027 3,126 1,712 2,538 7,870 10,504
Investments 378 809 342 1,785 392 368 146 150 181 1,156 470 907 1,924
14,392 17,605 15,771 18,035 15,142 14,559 15,657 15,784 17,055 20,624 28,147 17,108 16,059
Total Assets 45,008 57,073 68,913 75,537 92,398 90,575 89,230 89,001 89,742 77,840 76,644 69,427 72,212

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3,922 3,522 4,580 1,182 4,333 6,850 7,724 9,027 8,814 11,961 16,048 7,276
-6,171 -9,591 -12,694 -6,717 -2,262 -1,998 -1,431 -832 -1,476 -1,884 -2,331 -4,018
2,235 6,111 8,879 5,708 -2,672 -5,108 -6,276 -8,261 -7,016 -4,612 -15,120 -2,500
Net Cash Flow -13 43 766 173 -601 -256 17 -67 322 5,465 -1,403 757

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 26 36 34 32 27 29 20 24 34 30 9 7
Inventory Days 246 268 284 314 181 185 191 146 207 196 130 87
Days Payable 86 83 151 133 129 150 162 117 181 133 94 69
Cash Conversion Cycle 186 222 166 213 79 64 50 53 60 92 45 24
Working Capital Days 52 98 51 94 63 -16 7 -21 -52 31 31 -2
ROCE % 18% 12% 8% 5% -1% 1% 3% 4% 5% 14% 24% 14%

Shareholding Pattern

Numbers in percentages

1 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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