Jindal Stainless Ltd

₹ 118 1.68%
12 Aug - close price
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 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
Bhikubhai Gomansinh Solanki
Bhikubhai Gomansinh Solanki
He helped in liberation of Dadra and Nagar Haveli. He strategically coordinated with freedom fighters and captured Naroli during the time of floods. People of Naroli called him Kazi because he solved the problems of people.
Unsung Heroes →
Baj Singh
Baj Singh
Baj Singh migrated to America and gathered large number of immigrants to join the freedom movement. He was an active member of The Ghadar Movement and faced rigorous imprisonment upon his return to India.
Unsung Heroes →

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
3,263 3,291 3,302 3,094 1,376 3,314 3,585 3,914 4,033 5,027 5,670 6,564 5,474
2,963 2,975 3,005 2,877 1,330 2,971 3,111 3,371 3,432 4,279 4,873 5,722 4,925
Operating Profit 300 316 297 217 46 343 473 542 601 748 797 842 549
OPM % 9% 10% 9% 7% 3% 10% 13% 14% 15% 15% 14% 13% 10%
36 14 34 -38 25 37 22 85 34 41 43 40 44
Interest 147 147 144 148 134 128 121 97 85 82 93 72 72
Depreciation 105 108 109 104 103 103 101 97 94 93 93 92 92
Profit before tax 84 75 79 -73 -167 149 274 434 456 614 654 719 428
Tax % 43% 47% 35% 9% 26% 46% 38% 33% 33% 33% 32% -4% 23%
Net Profit 47 38 52 -65 -122 82 170 289 303 407 435 736 321
EPS in Rs 0.97 0.78 1.06 -1.33 -2.50 1.68 3.49 5.94 6.21 8.08 8.64 14.00 6.11

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%

Shareholding Pattern

Numbers in percentages

3 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
68.11 68.11 68.11 68.12 68.12 68.12 68.12 68.12 68.60 68.60 69.87 70.10
10.65 10.73 12.59 12.86 12.95 13.50 13.21 14.76 14.33 15.01 15.10 13.77
8.73 8.61 7.89 7.87 7.08 6.93 7.32 6.01 6.64 7.21 6.31 5.86
12.52 12.55 11.41 11.15 11.84 11.45 11.35 11.11 10.43 9.18 8.72 10.27

Documents

Concalls

Rama Debi
Rama Debi
She took active part in Khadi Movement. She donated all her gold ornaments in appeal to Gandhiji's non-cooperation movement. She was arrested multiple times across multiple movements. She accompanied Gandhiji in a foot march in Odisha.
Unsung Heroes →
Sher Ali Afridi
Sher Ali Afridi
Sher Ali stabbed Lord Mayo in 1872. The Viceroy's assassination shocked British India and Great Britain.
Unsung Heroes →