Jindal Stainless Ltd

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

Jindal Stainless Ltd

₹ 285 -1.84%
05 Jun 2:43 p.m.
jindalstainless.com BSE: 532508 NSE : JSL
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]

Website BSE NSE
  • Market Cap ₹ 23,489 Cr.
  • Current Price ₹ 285
  • High / Low ₹ 329 / 95.0
  • Stock P/E 11.7
  • Book Value ₹ 139
  • Dividend Yield 0.00 %
  • ROCE 26.3 %
  • ROE 24.6 %
  • Face Value ₹ 2.00
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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 26.8%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -12.2%
  • Promoters have pledged 77.5% 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 - Large

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
2,904 1,262 3,156 3,452 3,810 3,841 4,815 5,368 9,596 5,336 5,442 9,001 9,444
2,662 1,184 2,804 3,007 3,288 3,261 4,104 4,629 8,313 4,813 5,031 8,054 8,347
Operating Profit 241 78 352 445 521 580 711 739 1,283 523 411 947 1,097
OPM % 8% 6% 11% 13% 14% 15% 15% 14% 13% 10% 8% 11% 12%
-37 24 36 16 66 10 15 12 23 16 17 30 32
Interest 143 131 124 117 92 81 79 89 71 67 79 68 75
Depreciation 99 95 95 93 90 91 89 90 172 89 91 169 169
Profit before tax -38 -125 169 251 406 418 557 573 1,062 383 258 740 886
Tax % 43% 31% 42% 40% 35% 35% 35% 35% 26% 25% 27% 25% 26%
Net Profit -22 -86 98 152 265 271 363 372 786 287 189 552 659
EPS in Rs -0.45 -1.78 2.01 3.11 5.44 5.57 7.19 7.37 14.95 5.46 3.60 10.50 8.00
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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
7,807 10,226 11,891 5,996 6,528 8,311 10,785 12,585 12,320 11,679 20,312 35,030
6,902 9,611 11,012 5,692 6,007 7,205 9,500 11,449 11,145 10,283 17,521 31,463
Operating Profit 905 615 880 304 521 1,107 1,284 1,136 1,175 1,396 2,791 3,567
OPM % 12% 6% 7% 5% 8% 13% 12% 9% 10% 12% 14% 10%
-134 -123 -371 1,226 -8 52 44 34 45 142 54 106
Interest 517 990 1,235 916 1,006 762 541 614 567 464 317 295
Depreciation 409 701 688 393 298 308 304 335 409 373 358 675
Profit before tax -154 -1,199 -1,414 222 -792 89 483 221 244 700 2,170 2,704
Tax % 32% 32% 2% -1% 29% 34% 34% 37% 37% 39% 23% 26%
Net Profit -104 -821 -1,390 223 -559 58 318 139 153 428 1,674 2,014
EPS in Rs -5.48 -40.22 -64.54 9.85 -24.18 1.46 6.64 2.90 3.14 8.78 31.86 24.46
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 27%
3 Years: 42%
TTM: 72%
Compounded Profit Growth
10 Years: 18%
5 Years: 45%
3 Years: 139%
TTM: 20%
Stock Price CAGR
10 Years: 30%
5 Years: 31%
3 Years: 100%
1 Year: 150%
Return on Equity
10 Years: 8%
5 Years: 21%
3 Years: 27%
Last Year: 25%

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
38 41 46 412 46 80 702 791 97 97 105 165
Reserves 2,144 1,435 147 -218 1,590 1,661 2,256 2,379 2,560 3,055 4,830 11,292
9,906 10,900 11,221 10,889 10,037 5,628 4,122 3,423 3,655 2,974 2,864 3,562
3,600 4,150 4,282 2,814 2,654 2,902 3,690 4,124 3,796 4,138 6,003 11,121
Total Liabilities 15,689 16,526 15,693 13,530 14,328 10,271 10,164 10,021 10,108 10,265 13,803 26,140
9,755 9,807 9,438 7,394 6,645 6,392 6,143 6,143 5,969 5,679 5,442 9,466
CWIP 461 154 153 137 54 30 142 26 12 55 350 509
Investments 170 173 170 103 482 481 485 487 489 491 566 1,172
5,302 6,392 5,931 5,895 7,147 3,368 3,394 3,366 3,638 4,040 7,446 14,993
Total Assets 15,689 16,526 15,693 13,530 14,328 10,271 10,164 10,021 10,108 10,265 13,803 26,140

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 1,136 2,834
-789 -21 -89 20 1,050 -5 -184 -172 -162 -154 -774 -2,367
124 -162 -836 -449 -1,787 -5,198 -1,258 -1,196 -951 -1,107 -223 -225
Net Cash Flow -161 -78 -42 -8 29 -22 -15 -15 10 34 139 242

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 41 40
Inventory Days 192 174 151 152 146 129 107 88 106 121 94 117
Days Payable 144 155 129 116 147 121 103 100 110 122 98 117
Cash Conversion Cycle 118 87 73 94 50 44 32 13 18 30 37 39
Working Capital Days 50 77 44 181 203 -5 7 -4 -8 13 25 40
ROCE % 5% -0% 2% -1% 2% 9% 14% 12% 12% 17% 36% 26%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
68.12 68.12 68.12 68.12 68.12 68.60 68.60 69.87 70.10 70.09 70.09 57.95
12.86 12.95 13.50 13.21 14.76 14.33 15.01 15.10 13.77 12.71 13.05 21.92
7.87 7.08 6.93 7.32 6.01 6.64 7.21 6.31 5.86 6.48 7.21 6.15
11.15 11.84 11.45 11.35 11.11 10.43 9.18 8.72 10.27 10.71 9.64 13.99

* 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

Announcements

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Credit ratings

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