Jindal Steel & Power Ltd

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Jindal Steel & Power is one of the Indias leading steel producers with significant presence in sectors like mining and power generation including through its subsidiaries in India and abroad.(Source : 202003-01 Annual Report Page No:201)

  • Market Cap 46,825 Cr.
  • Current Price 459
  • High / Low 462 / 84.2
  • Stock P/E 19.8
  • Book Value 264
  • Dividend Yield 0.00 %
  • ROCE 5.73 %
  • ROE -0.24 %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of -1.75% for last 3 years.
  • Promoters have pledged 41.65% of their holding.

Peer comparison

Sector: Steel Industry: Steel - Sponge Iron

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
8,599 9,665 9,982 9,566 10,159 9,946 7,688 7,526 8,811 7,585 8,990 10,534
6,462 7,389 7,775 7,489 8,314 7,773 6,170 5,952 6,591 5,383 6,288 6,281
Operating Profit 2,137 2,277 2,207 2,077 1,845 2,173 1,518 1,574 2,220 2,202 2,702 4,252
OPM % 25% 24% 22% 22% 18% 22% 20% 21% 25% 29% 30% 40%
Other Income -437 0 256 15 -1,734 1 -78 39 -85 -20 -1,462 328
Interest 1,071 973 1,086 1,042 1,163 1,109 938 909 1,008 924 798 728
Depreciation 960 1,040 1,031 1,036 2,373 1,054 929 906 757 864 873 870
Profit before tax -332 264 347 14 -3,426 11 -427 -202 370 394 -431 2,983
Tax % -28% 58% 19% 741% 21% 876% 6% -8% 17% 32% -64% 14%
Net Profit -308 181 344 -24 -2,146 9 -300 -224 406 183 -772 2,389
EPS in Rs -3.18 1.87 3.55 -0.25 -22.17 0.09 -2.95 -2.20 3.98 1.80 -7.57 23.42

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
10,868 11,084 13,112 18,209 19,807 19,286 19,401 19,469 21,603 33,286 46,966 44,376 35,919
5,650 5,193 6,732 11,415 13,702 13,492 13,937 16,186 16,904 26,817 38,553 36,504 24,542
Operating Profit 5,218 5,891 6,380 6,793 6,105 5,794 5,464 3,283 4,699 6,469 8,412 7,872 11,377
OPM % 48% 53% 49% 37% 31% 30% 28% 17% 22% 19% 18% 18% 32%
Other Income 111 162 181 315 334 354 -1,399 75 -352 -584 -1,470 -102 -1,239
Interest 554 502 423 533 1,067 1,807 2,875 3,254 3,441 3,866 4,264 4,149 3,458
Depreciation 964 997 1,151 1,386 1,539 1,829 2,733 4,068 3,949 3,883 5,480 3,867 3,363
Profit before tax 3,811 4,553 4,987 5,189 3,833 2,512 -1,543 -3,964 -3,043 -1,864 -2,802 -246 3,316
Tax % 21% 20% 24% 23% 24% 25% 6% 22% 17% 13% 14% -63%
Net Profit 3,046 3,573 3,754 3,965 2,910 1,910 -1,278 -2,966 -2,281 -1,409 -1,645 -109 2,206
EPS in Rs 32.82 38.37 40.18 42.41 31.13 20.88 -13.97 -32.42 -24.93 -14.56 -17.00 -1.07 21.63
Dividend Payout % 3% 3% 4% 4% 5% 7% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:15%
5 Years:18%
3 Years:27%
TTM:2%
Compounded Profit Growth
10 Years:%
5 Years:11%
3 Years:25%
TTM:289%
Stock Price CAGR
10 Years:-3%
5 Years:48%
3 Years:21%
1 Year:413%
Return on Equity
10 Years:2%
5 Years:-4%
3 Years:-2%
Last Year:-0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
16 93 93 93 93 91 91 91 92 97 97 102 102
Reserves 7,008 10,301 14,017 18,018 21,159 22,519 20,951 32,345 29,959 30,283 31,983 32,035 26,840
Borrowings 8,113 8,604 13,973 17,091 24,618 36,368 45,501 46,797 45,850 42,962 39,559 36,824 24,028
4,169 6,124 8,006 9,806 11,202 9,935 8,994 13,166 14,674 15,889 17,362 20,780 29,949
Total Liabilities 19,306 25,122 36,089 45,008 57,073 68,913 75,537 92,398 90,575 89,230 89,001 89,742 80,919
9,467 9,998 14,945 16,586 19,429 34,989 46,643 65,038 65,932 68,450 69,039 69,381 56,497
CWIP 3,255 7,947 9,381 13,652 19,230 17,811 9,073 11,827 9,716 4,978 4,027 3,126 1,906
Investments 514 318 298 378 809 342 1,785 392 368 146 150 181 152
6,069 6,859 11,465 14,392 17,605 15,771 18,035 15,142 14,559 15,657 15,784 17,055 22,364
Total Assets 19,306 25,122 36,089 45,008 57,073 68,913 75,537 92,398 90,575 89,230 89,001 89,742 80,919

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
3,874 5,575 3,482 3,922 3,522 4,580 1,182 4,333 6,850 7,724 9,027 9,526
-4,052 -6,227 -8,036 -6,171 -9,591 -12,694 -6,717 -2,262 -1,998 -1,431 -832 -1,600
227 95 4,920 2,235 6,111 8,879 5,708 -2,672 -5,108 -6,276 -8,261 -7,562
Net Cash Flow 49 -557 366 -13 43 766 173 -601 -256 17 -67 365

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 34% 30% 23% 18% 12% 8% 5% -1% 1% 3% 4% 6%
Debtor Days 19 25 32 26 36 34 32 27 29 20 24 29
Inventory Turnover 2.84 2.12 1.56 2.03 1.87 1.69 1.64 2.69 3.34 3.53 4.00 3.35

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
58.66 58.66 58.66 58.69 60.52 60.40 60.40 60.48 60.48 60.47 60.47 60.47
19.16 18.30 17.78 17.09 15.13 15.29 14.42 13.40 12.02 12.24 11.52 10.99
9.69 10.71 8.85 9.17 8.85 10.66 12.58 11.92 13.54 13.25 14.96 16.49
0.37 0.37 0.42 0.42 0.40 0.40 0.43 0.43 0.43 0.43 0.43 0.43
12.12 11.96 14.29 14.63 15.11 13.26 12.17 13.77 13.53 13.60 12.62 11.62

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