Jindal Stainless (Hisar) Ltd(Merged)

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

Jindal Stainless (Hisar) Ltd(Merged)

₹ 563 4.02%
08 Mar 2023
jshlstainless.com
About

Jindal Stainless (Hisar) Limited is a leading manufacturer of stainless steel flat products in austenitic, ferritic, martensitic and duplex grades. [1]

Key Points

Product Portfolio
The product range of the Co includes ferro alloys, stainless steel slabs and blooms, hot rolled coils, plates and sheets, cold rolled coils and sheets, specialty products such as razor blade steel, precision strips, coin blanks and long products. [1]

Website
  • Market Cap ₹ 13,278 Cr.
  • Current Price ₹ 563
  • High / Low ₹ /
  • Stock P/E 13.9
  • Book Value ₹ 168
  • Dividend Yield 0.00 %
  • ROCE 40.9 %
  • ROE 43.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 43.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.3%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Contingent liabilities of Rs.4,774 Cr.
  • Promoters have pledged 85.9% of their holding.
  • Debtor days have increased from 34.8 to 41.9 days.
  • Working capital days have increased from 34.8 days to 77.2 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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
2,191 2,030 743 2,076 2,822 2,758 2,512 3,415 3,820 3,802 3,071 3,448 3,765
1,982 1,857 703 1,828 2,471 2,394 2,130 2,914 3,300 3,265 2,755 3,153 3,427
Operating Profit 210 174 40 248 351 364 382 501 520 537 316 295 339
OPM % 10% 9% 5% 12% 12% 13% 15% 15% 14% 14% 10% 9% 9%
35 16 29 34 32 41 27 28 29 31 24 28 29
Interest 79 68 68 65 61 42 30 20 32 31 29 29 19
Depreciation 69 70 66 68 67 65 58 57 57 55 49 51 49
Profit before tax 96 51 -66 149 255 298 321 452 460 481 261 243 300
Tax % 37% -83% 24% 25% 25% 24% 25% 25% 26% 26% 25% 26% 25%
60 94 -50 111 190 226 240 338 341 357 195 181 224
EPS in Rs 2.56 3.98 -2.11 4.72 8.07 9.58 10.16 14.31 14.46 15.14 8.25 7.66 9.48
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
0 7,365 6,370 6,890 9,259 8,956 8,340 8,400 13,549 14,086
0 6,650 5,650 5,964 8,119 8,056 7,478 7,397 11,609 12,600
Operating Profit 0 716 719 926 1,140 900 862 1,003 1,940 1,486
OPM % 10% 11% 13% 12% 10% 10% 12% 14% 11%
0 36 65 77 130 127 116 135 114 111
Interest 0 447 469 412 395 348 304 236 112 108
Depreciation 0 292 285 265 267 276 273 266 227 204
Profit before tax 0 12 30 326 608 404 402 636 1,715 1,285
Tax % 0% 18% 33% 35% 35% 20% 25% 26%
0 12 25 218 396 262 320 478 1,275 956
EPS in Rs 410.67 1.07 9.24 16.77 11.09 13.58 20.25 54.06 40.53
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 15%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: 44%
3 Years: 74%
TTM: -16%
Stock Price CAGR
10 Years: %
5 Years: 45%
3 Years: 56%
1 Year: 0%
Return on Equity
10 Years: %
5 Years: 29%
3 Years: 30%
Last Year: 43%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
Equity Capital 0 45 46 47 47 47 47 47 47 47
Reserves 0 551 600 815 1,209 1,470 1,789 2,268 3,542 3,918
Preference Capital 0 1 0 0 0 0 0 0 0
0 856 1,855 3,390 2,799 2,181 2,019 1,386 1,636 1,447
0 4,326 2,622 2,059 2,129 2,073 1,943 2,310 2,785 2,869
Total Liabilities 0 5,778 5,123 6,311 6,184 5,771 5,799 6,011 8,010 8,281
0 2,584 2,342 2,234 2,102 1,989 1,891 1,737 1,729 1,778
CWIP 0 29 53 41 63 90 106 182 152 94
Investments 0 417 417 417 417 417 417 417 417 457
0 2,748 2,312 3,620 3,602 3,275 3,385 3,675 5,712 5,952
Total Assets 0 5,778 5,123 6,311 6,184 5,771 5,799 6,011 8,010 8,281

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0 453 844 656 1,444 1,136 636 1,204 11
0 4 -1,388 -1,793 -457 -155 -183 -317 -143
0 -455 557 1,128 -987 -969 -453 -897 144
Net Cash Flow 0 2 13 -8 -1 12 1 -11 13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 46 44 58 34 31 30 33 42
Inventory Days 97 97 131 87 82 90 93 92
Days Payable 98 75 126 88 92 89 103 79
Cash Conversion Cycle 44 66 63 33 21 31 24 55
Working Capital Days -82 -34 46 17 5 16 11 77
ROCE % 61% 23% 21% 24% 19% 18% 22% 41%

Shareholding Pattern

Numbers in percentages

Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022
57.67% 57.67% 57.67% 57.67% 57.67% 58.08% 58.87% 58.88% 58.88% 58.88% 58.88% 58.88%
20.60% 20.55% 20.44% 21.12% 20.69% 20.97% 20.67% 20.12% 20.53% 20.73% 20.64% 21.07%
5.41% 5.11% 3.97% 3.88% 4.02% 4.08% 4.12% 4.11% 4.29% 4.56% 4.61% 4.73%
16.32% 16.68% 17.93% 17.34% 17.63% 16.87% 16.34% 16.89% 16.29% 15.83% 15.86% 15.31%
No. of Shareholders 52,40353,04957,83652,52456,44557,69160,04857,26861,61761,19760,38255,767

* 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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