Jindal Steel & Power Ltd

₹ 588 -1.21%
27 Jan - close price
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]

  • Market Cap 59,996 Cr.
  • Current Price 588
  • High / Low 613 / 304
  • Stock P/E 15.3
  • Book Value 371
  • Dividend Yield 0.51 %
  • ROCE 21.7 %
  • ROE 17.8 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 38.4% CAGR over last 5 years

Cons

  • Company has a low return on equity of 9.91% over last 3 years.
  • Promoters have pledged 39.2% of their holding.

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
7,688 7,526 6,795 6,518 8,149 9,281 10,594 10,610 13,612 12,525 14,339 13,045 13,521
6,170 5,952 5,065 4,708 5,754 5,357 6,359 8,572 9,018 9,215 11,269 9,607 11,590
Operating Profit 1,518 1,574 1,730 1,810 2,395 3,923 4,234 2,037 4,594 3,310 3,070 3,439 1,931
OPM % 20% 21% 25% 28% 29% 42% 40% 19% 34% 26% 21% 26% 14%
-78 39 139 6 146 318 -11 34 98 255 276 866 -898
Interest 938 909 890 834 701 643 576 561 482 472 373 364 365
Depreciation 929 906 649 606 612 608 588 602 610 613 272 596 614
Profit before tax -427 -202 330 376 1,228 2,990 3,059 908 3,601 2,480 2,701 3,344 54
Tax % 6% -8% 7% 36% 27% 14% 30% 98% 26% 25% 18% 17% -304%
Net Profit -399 -219 306 240 897 2,567 2,139 14 2,678 1,866 2,207 2,771 219
EPS in Rs -2.95 -2.20 3.98 1.54 8.20 22.10 19.30 0.40 25.33 15.85 14.81 19.54 1.96
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
13,112 18,209 19,807 19,286 19,401 19,469 21,603 33,286 46,966 37,923 34,579 51,166 53,431
6,728 11,410 13,701 13,487 13,937 16,032 16,894 26,817 38,553 31,092 23,646 37,089 41,681
Operating Profit 6,384 6,799 6,106 5,799 5,464 3,437 4,709 6,469 8,412 6,831 10,933 14,076 11,750
OPM % 49% 37% 31% 30% 28% 18% 22% 19% 18% 18% 32% 28% 22%
177 310 333 349 -1,399 -79 -362 -584 -1,470 74 313 -401 499
Interest 423 533 1,067 1,807 2,875 3,254 3,441 3,866 4,264 3,768 2,753 1,888 1,574
Depreciation 1,151 1,386 1,539 1,829 2,733 4,068 3,949 3,883 5,480 3,429 2,414 2,097 2,095
Profit before tax 4,987 5,189 3,833 2,512 -1,543 -3,964 -3,043 -1,864 -2,802 -291 6,078 9,690 8,580
Tax % 24% 23% 24% 25% 6% 22% 17% 13% 14% -37% 30% 30%
Net Profit 3,820 4,022 2,952 1,896 -1,452 -3,087 -2,538 -1,616 -2,412 -400 4,267 6,766 7,063
EPS in Rs 40.18 42.41 31.13 20.88 -13.97 -32.42 -24.93 -14.56 -17.00 -1.07 35.62 56.40 52.16
Dividend Payout % 4% 4% 5% 7% 0% 0% 0% 0% 0% 0% 0% 5%
Compounded Sales Growth
10 Years: 11%
5 Years: 19%
3 Years: 3%
TTM: 21%
Compounded Profit Growth
10 Years: 4%
5 Years: 38%
3 Years: 124%
TTM: -43%
Stock Price CAGR
10 Years: 3%
5 Years: 17%
3 Years: 50%
1 Year: 54%
Return on Equity
10 Years: 3%
5 Years: 5%
3 Years: 10%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
93 93 93 91 91 91 92 97 97 102 102 101 100
Reserves 14,017 18,018 21,159 22,519 20,951 32,345 29,959 30,283 31,983 32,035 31,653 35,464 37,742
13,973 17,091 24,618 36,368 45,501 46,797 45,850 42,962 39,559 36,824 29,910 13,502 14,435
8,006 9,806 11,202 9,935 8,994 13,166 14,674 15,889 17,362 20,780 16,176 27,577 18,375
Total Liabilities 36,089 45,008 57,073 68,913 75,537 92,398 90,575 89,230 89,001 89,742 77,840 76,644 70,652
14,945 16,586 19,429 34,989 46,643 65,038 65,932 68,450 69,039 69,381 54,349 45,488 45,360
CWIP 9,381 13,652 19,230 17,811 9,073 11,827 9,716 4,978 4,027 3,126 1,712 2,538 3,752
Investments 298 378 809 342 1,785 392 368 146 150 181 1,156 470 1,614
11,465 14,392 17,605 15,771 18,035 15,142 14,559 15,657 15,784 17,055 20,624 28,147 19,925
Total Assets 36,089 45,008 57,073 68,913 75,537 92,398 90,575 89,230 89,001 89,742 77,840 76,644 70,652

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
3,482 3,922 3,522 4,580 1,182 4,333 6,850 7,724 9,027 8,814 11,961 16,048
-8,036 -6,171 -9,591 -12,694 -6,717 -2,262 -1,998 -1,431 -832 -1,476 -1,884 -2,331
4,920 2,235 6,111 8,879 5,708 -2,672 -5,108 -6,276 -8,261 -7,016 -4,612 -15,120
Net Cash Flow 366 -13 43 766 173 -601 -256 17 -67 322 5,465 -1,403

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 32 26 36 34 32 27 29 20 24 34 30 9
Inventory Days 410 246 268 284 314 181 185 191 146 207 196 130
Days Payable 138 86 83 151 133 129 150 162 117 181 133 94
Cash Conversion Cycle 304 186 222 166 213 79 64 50 53 60 92 45
Working Capital Days 41 52 98 51 94 63 -16 7 -21 -52 31 31
ROCE % 23% 18% 12% 8% 5% -1% 1% 3% 4% 5% 14% 22%

Shareholding Pattern

Numbers in percentages

2 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
60.48 60.48 60.47 60.47 60.47 60.47 60.47 60.44 60.45 60.44 61.20 61.21
13.40 12.02 12.24 11.52 10.99 10.54 9.93 8.93 9.70 10.65 11.02 13.13
11.92 13.54 13.25 14.96 16.49 14.50 14.96 16.71 17.34 15.75 14.87 14.17
0.43 0.43 0.43 0.43 0.43 0.73 0.73 0.00 0.00 0.00 0.00 0.00
13.77 13.53 13.60 12.62 11.62 13.76 13.91 13.92 12.51 12.13 11.42 10.02
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.02 1.48 1.48

* 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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