Jindal Stainless Ltd
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]
- Market Cap ₹ 6,209 Cr.
- Current Price ₹ 118
- High / Low ₹ 225 / 95.0
- Stock P/E 3.27
- Book Value ₹ 98.7
- Dividend Yield 0.00 %
- ROCE 37.8 %
- ROE 45.1 %
- Face Value ₹ 2.00


Pros
- Stock is trading at 1.20 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 97.0% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Contingent liabilities of Rs.3,278 Cr.
- Promoters have pledged 78.1% of their holding.
- Debtor days have increased from 30.0 to 42.2 days.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
7,487 | 8,681 | 11,244 | 12,810 | 6,933 | 7,144 | 9,279 | 11,638 | 13,557 | 12,951 | 12,188 | 21,223 | 22,734 | |
6,313 | 7,733 | 10,536 | 11,800 | 6,564 | 6,571 | 8,113 | 10,294 | 12,392 | 11,819 | 10,764 | 18,236 | 19,800 | |
Operating Profit | 1,174 | 948 | 709 | 1,010 | 368 | 573 | 1,166 | 1,343 | 1,165 | 1,132 | 1,424 | 2,987 | 2,935 |
OPM % | 16% | 11% | 6% | 8% | 5% | 8% | 13% | 12% | 9% | 9% | 12% | 14% | 13% |
124 | -174 | -149 | -374 | 1,238 | -14 | 63 | 62 | 45 | 44 | 148 | 158 | 168 | |
Interest | 429 | 570 | 1,043 | 1,295 | 942 | 1,030 | 788 | 566 | 637 | 586 | 480 | 332 | 319 |
Depreciation | 395 | 448 | 740 | 728 | 411 | 316 | 325 | 320 | 352 | 425 | 403 | 371 | 369 |
Profit before tax | 473 | -245 | -1,224 | -1,387 | 253 | -788 | 116 | 520 | 222 | 165 | 690 | 2,442 | 2,415 |
Tax % | 33% | 26% | 31% | 1% | 0% | 29% | 28% | 34% | 35% | 56% | 39% | 22% | |
Net Profit | 314 | -180 | -841 | -1,368 | 253 | -556 | 82 | 343 | 142 | 71 | 419 | 1,881 | 1,900 |
EPS in Rs | 16.77 | -9.49 | -41.19 | -63.52 | 11.17 | -24.05 | 2.04 | 7.16 | 2.97 | 1.46 | 8.60 | 35.80 | 36.83 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 18% |
3 Years: | 16% |
TTM: | 53% |
Compounded Profit Growth | |
---|---|
10 Years: | 44% |
5 Years: | 97% |
3 Years: | 137% |
TTM: | 141% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 7% |
3 Years: | 56% |
1 Year: | -24% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | 18% |
3 Years: | 23% |
Last Year: | 45% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
37 | 38 | 41 | 46 | 412 | 46 | 80 | 702 | 791 | 97 | 97 | 105 | |
Reserves | 2,204 | 2,045 | 1,299 | 16 | -214 | 1,300 | 1,709 | 2,369 | 2,495 | 2,620 | 3,054 | 5,081 |
9,155 | 10,674 | 11,601 | 11,924 | 11,288 | 10,347 | 5,888 | 4,408 | 3,693 | 3,903 | 3,154 | 3,196 | |
3,286 | 3,732 | 4,309 | 4,449 | 2,899 | 3,164 | 3,233 | 3,961 | 4,431 | 4,057 | 4,429 | 6,480 | |
Total Liabilities | 14,683 | 16,490 | 17,250 | 16,431 | 14,018 | 14,858 | 10,909 | 10,834 | 10,715 | 10,678 | 10,735 | 14,862 |
4,526 | 10,107 | 10,157 | 9,780 | 7,552 | 6,863 | 6,609 | 6,342 | 6,345 | 6,181 | 5,855 | 5,608 | |
CWIP | 4,914 | 489 | 161 | 157 | 144 | 70 | 29 | 144 | 29 | 15 | 58 | 357 |
Investments | 18 | 19 | 22 | 18 | 14 | 393 | 404 | 439 | 454 | 449 | 456 | 633 |
5,225 | 5,875 | 6,910 | 6,476 | 6,308 | 7,532 | 3,868 | 3,909 | 3,887 | 4,033 | 4,365 | 8,265 | |
Total Assets | 14,683 | 16,490 | 17,250 | 16,431 | 14,018 | 14,858 | 10,909 | 10,834 | 10,715 | 10,678 | 10,735 | 14,862 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
392 | 335 | 282 | 958 | 554 | 966 | 5,115 | 1,452 | 1,419 | 1,180 | 1,308 | 1,083 | |
-1,352 | -861 | -74 | -136 | -1 | 1,053 | -30 | -194 | -192 | -186 | -152 | -783 | |
603 | 383 | -282 | -891 | -580 | -1,972 | -5,106 | -1,257 | -1,237 | -991 | -1,119 | -163 | |
Net Cash Flow | -357 | -144 | -73 | -69 | -28 | 47 | -21 | 1 | -11 | 4 | 37 | 137 |
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 | 55 | 64 | 63 | 48 | 57 | 48 | 35 | 28 | 25 | 20 | 28 | 42 |
Inventory Days | 192 | 199 | 175 | 158 | 147 | 154 | 133 | 116 | 96 | 117 | 130 | 105 |
Days Payable | 100 | 134 | 146 | 125 | 104 | 143 | 119 | 104 | 99 | 113 | 123 | 105 |
Cash Conversion Cycle | 147 | 129 | 91 | 81 | 101 | 59 | 50 | 41 | 22 | 23 | 35 | 42 |
Working Capital Days | 85 | 62 | 80 | 51 | 173 | 195 | 1 | 13 | 1 | -6 | 14 | 31 |
ROCE % | 8% | 5% | 0% | 3% | -0% | 2% | 9% | 14% | 12% | 11% | 17% | 38% |
Documents
Announcements
- Clarification On Media Report Titled 'Jindal Steel To Set Up Green Hydrogen Plant'. 12 Aug
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Clarification sought from Jindal Stainless Ltd
11 Aug - Exchange has sought clarification from Jindal Stainless Ltd with reference to the media report appearing on https://auto.economictimes.indiatimes.com/news/auto-components/jindal-steel-to-set-up-green-hydrogen-plant/93485772?utm_source=RSS&utm_medium=ETRSS (Source: : https://auto.economictimes.indiatimes.com) dated August 10, 2022 titled …
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 10 Aug
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 Aug
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 8 Aug
Annual reports
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Aug 2022Transcript PPT
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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]