Jindal Stainless Ltd

Jindal Stainless Ltd

₹ 682 2.90%
04 Mar 4:01 p.m.
About

Jindal Stainless Ltd is one of the largest manufacturers of Stainless Steel flat products, in Austenitic, Ferritic, Martensitic and Duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods etc. [1]

Key Points

Products and Applications
The Co is the largest manufacturer of stainless steel in 200, 300, 400 and duplex stainless steel series. The product range includes Ferro Alloys, Steel Slabs, Hot Rolled Coils, Cold Rolled Coils, Steel Plates etc. [1]
Applications:
Architecture,Building & Construction - Roofing, Cladding, Paneling
Automobile and Transport - Exhaust, Brakes, Fuel Tanks
Railway - Coaches, Wagons, Metro
Consumer Durables - Kitchen applications, bathroom accessories
Process industry - Boilers, Water tanks, Pumps for the food and chemical industry [2] [3]

  • Market Cap 56,166 Cr.
  • Current Price 682
  • High / Low 685 / 255
  • Stock P/E 20.6
  • Book Value 152
  • Dividend Yield 0.23 %
  • ROCE 21.4 %
  • ROE 19.3 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 44.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.3%

Cons

  • Promoter holding has decreased over last 3 years: -9.43%

* 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 - Large

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
3,452 3,810 3,841 4,815 5,368 9,596 8,028 8,556 9,001 9,444 10,027 9,720 9,088
3,007 3,288 3,261 4,104 4,629 8,313 7,201 7,862 8,054 8,347 8,910 8,651 8,067
Operating Profit 445 521 580 711 739 1,283 828 695 947 1,097 1,118 1,070 1,021
OPM % 13% 14% 15% 15% 14% 13% 10% 8% 11% 12% 11% 11% 11%
16 66 10 15 12 23 19 25 30 32 44 34 230
Interest 117 92 81 79 89 71 72 81 68 75 93 104 93
Depreciation 93 90 91 89 90 172 167 170 169 169 174 178 182
Profit before tax 251 406 418 557 573 1,062 609 469 740 886 895 822 975
Tax % 40% 35% 35% 35% 35% 26% 25% 25% 25% 26% 26% 26% 20%
152 265 271 363 372 786 454 349 552 659 666 609 779
EPS in Rs 3.11 5.44 5.57 7.19 7.37 14.95 8.63 6.65 10.50 8.00 8.08 7.40 9.46
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
7,807 10,226 11,891 5,996 6,528 8,311 10,785 12,585 12,320 11,679 32,292 35,030 38,280
6,902 9,611 11,012 5,692 6,007 7,205 9,500 11,449 11,145 10,283 27,572 31,463 33,974
Operating Profit 905 615 880 304 521 1,107 1,284 1,136 1,175 1,396 4,720 3,567 4,305
OPM % 12% 6% 7% 5% 8% 13% 12% 9% 10% 12% 15% 10% 11%
-134 -123 -371 1,226 -8 52 44 34 45 142 64 106 340
Interest 517 990 1,235 916 1,006 762 541 614 567 464 312 295 365
Depreciation 409 701 688 393 298 308 304 335 409 373 704 675 703
Profit before tax -154 -1,199 -1,414 222 -792 89 483 221 244 700 3,767 2,704 3,578
Tax % 32% 32% 2% -1% 29% 34% 34% 37% 37% 39% 26% 26%
-104 -821 -1,390 223 -559 58 318 139 153 428 2,790 2,014 2,713
EPS in Rs -5.48 -40.22 -64.54 9.85 -24.18 1.46 6.64 2.90 3.14 8.78 53.09 24.46 32.94
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 10%
Compounded Sales Growth
10 Years: 13%
5 Years: 27%
3 Years: 42%
TTM: 9%
Compounded Profit Growth
10 Years: 18%
5 Years: 45%
3 Years: 139%
TTM: 27%
Stock Price CAGR
10 Years: 48%
5 Years: 73%
3 Years: 108%
1 Year: 137%
Return on Equity
10 Years: 11%
5 Years: 22%
3 Years: 26%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 38 41 43 45 46 80 96 96 97 97 105 165 165
Reserves 2,144 1,435 147 -218 1,590 1,661 2,256 2,379 2,560 3,055 9,341 11,292 12,361
Preference Capital 0 0 3 1 0 0 606 695 0 0 0 0
9,906 10,900 11,221 10,889 10,037 5,628 4,122 3,423 3,655 2,974 3,479 3,562 3,484
3,600 4,150 4,282 2,814 2,654 2,902 3,690 4,124 3,796 4,138 8,409 11,121 10,083
Total Liabilities 15,689 16,526 15,693 13,530 14,328 10,271 10,164 10,021 10,108 10,265 21,334 26,140 26,093
9,755 9,807 9,438 7,394 6,645 6,392 6,143 6,143 5,969 5,679 8,160 9,455 9,340
CWIP 461 154 153 137 54 30 142 26 12 55 502 520 888
Investments 170 173 170 103 482 481 485 487 489 491 937 1,172 2,390
5,302 6,392 5,931 5,895 7,147 3,368 3,394 3,366 3,638 4,040 11,735 14,993 13,476
Total Assets 15,689 16,526 15,693 13,530 14,328 10,271 10,164 10,021 10,108 10,265 21,334 26,140 26,093

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
504 105 884 421 766 5,182 1,427 1,353 1,123 1,295 1,111 2,834
-789 -21 -89 20 1,050 -5 -184 -172 -162 -154 -923 -2,367
124 -162 -836 -449 -1,787 -5,198 -1,258 -1,196 -951 -1,107 -38 -225
Net Cash Flow -161 -78 -42 -8 29 -22 -15 -15 10 34 151 242

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 70 68 52 58 51 35 28 24 23 31 44 40
Inventory Days 192 174 151 152 146 129 107 88 106 121 100 117
Days Payable 144 155 129 116 147 121 103 100 110 122 95 117
Cash Conversion Cycle 118 87 73 94 50 44 32 13 18 30 49 39
Working Capital Days 50 77 44 181 203 -5 7 -4 -8 13 40 37
ROCE % 5% -0% 2% -1% 2% 9% 14% 12% 12% 17% 43% 21%

Shareholding Pattern

Numbers in percentages

22 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
68.12% 68.12% 68.60% 68.60% 69.87% 70.10% 70.09% 70.09% 57.95% 57.95% 57.94% 58.68%
13.21% 14.76% 14.33% 15.01% 15.10% 13.77% 12.71% 13.05% 21.92% 22.20% 23.37% 22.56%
7.32% 6.01% 6.64% 7.21% 6.31% 5.86% 6.48% 7.21% 6.15% 6.01% 5.42% 5.81%
11.35% 11.11% 10.43% 9.18% 8.72% 10.27% 10.71% 9.64% 13.99% 13.85% 13.26% 12.94%
No. of Shareholders 73,57878,4711,02,9361,01,6001,10,2681,31,1741,31,2441,14,6521,46,5811,39,3651,52,7091,66,183

* 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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Documents

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