Jindal Stainless (Hisar) Ltd

₹ 477 -0.94%
03 Feb - close price
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]

  • Market Cap 11,253 Cr.
  • Current Price 477
  • High / Low 495 / 189
  • Stock P/E 7.62
  • Book Value 232
  • Dividend Yield 0.00 %
  • ROCE 45.7 %
  • ROE 49.3 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 48.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.6%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Contingent liabilities of Rs.4,639 Cr.
  • Promoters have pledged 85.9% of their holding.
  • Earnings include an other income of Rs.557 Cr.
  • Debtor days have increased from 35.9 to 43.1 days.
  • Working capital days have increased from 39.8 days to 79.4 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

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
2,484 2,246 852 2,298 3,147 3,103 2,776 3,743 4,173 4,318 3,454 3,926 4,285
2,252 2,079 850 2,007 2,759 2,697 2,364 3,176 3,604 3,714 3,117 3,603 3,918
Operating Profit 232 167 3 291 387 406 412 567 569 605 337 323 367
OPM % 9% 7% 0% 13% 12% 13% 15% 15% 14% 14% 10% 8% 9%
47 48 31 68 94 142 133 149 176 206 131 82 138
Interest 82 71 73 69 65 45 33 24 36 39 33 31 22
Depreciation 74 76 72 74 73 71 64 62 63 61 55 57 55
Profit before tax 123 68 -112 216 343 432 448 630 647 711 380 317 428
Tax % 33% -59% 16% 22% 21% 19% 20% 21% 20% 19% 19% 20% 20%
Net Profit 82 108 -94 169 270 351 359 499 515 575 308 253 344
EPS in Rs 3.39 4.46 -3.93 7.08 11.42 14.83 15.18 21.09 21.77 24.30 13.04 10.75 14.59
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
0 8,152 7,235 7,774 10,357 10,289 9,379 9,400 15,011 15,984
0 7,408 6,373 6,792 9,126 9,248 8,443 8,270 12,858 14,351
Operating Profit 0 744 862 983 1,231 1,040 936 1,130 2,154 1,632
OPM % 9% 12% 13% 12% 10% 10% 12% 14% 10%
0 42 -20 141 283 186 178 291 663 557
Interest 0 475 493 431 408 367 323 251 131 126
Depreciation 0 313 305 285 284 289 295 290 250 228
Profit before tax 0 -1 44 407 821 570 497 880 2,436 1,836
Tax % -310% 16% 29% 28% 30% 19% 21% 20%
Net Profit 0 -6 36 290 588 396 401 696 1,947 1,479
EPS in Rs 0.00 -321.60 1.58 12.15 24.50 16.16 16.65 29.41 82.33 62.68
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 13%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: 49%
3 Years: 75%
TTM: -13%
Stock Price CAGR
10 Years: %
5 Years: 21%
3 Years: 83%
1 Year: 13%
Return on Equity
10 Years: %
5 Years: 34%
3 Years: 35%
Last Year: 49%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
0 46 46 47 47 47 47 47 47 47
Reserves 0 501 563 846 1,427 1,806 2,224 2,924 4,862 5,425
0 1,053 2,007 3,514 2,935 2,367 2,181 1,502 1,845 1,564
0 4,639 2,917 2,270 2,347 2,273 2,132 2,565 3,113 3,235
Total Liabilities 0 6,192 5,533 6,678 6,756 6,493 6,584 7,037 9,867 10,270
0 2,801 2,546 2,430 2,290 2,190 2,108 1,961 1,968 2,015
CWIP 0 29 61 42 66 95 107 183 161 127
Investments 0 370 369 418 571 622 647 798 1,339 1,535
0 2,992 2,558 3,787 3,829 3,587 3,722 4,095 6,399 6,594
Total Assets 0 6,192 5,533 6,678 6,756 6,493 6,584 7,037 9,867 10,270

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
492 919 690 1,454 1,130 710 1,305 -3
-2 -1,397 -1,780 -466 -181 -205 -355 -182
-471 485 1,081 -989 -939 -504 -961 202
Net Cash Flow 19 7 -9 -0 11 1 -11 18

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 43 42 49 30 31 29 36 43
Inventory Days 95 93 125 87 79 90 95 96
Days Payable 101 82 120 85 84 83 100 79
Cash Conversion Cycle 37 53 55 32 26 36 31 60
Working Capital Days -75 -30 41 17 11 22 18 79
ROCE % 57% 28% 23% 27% 21% 18% 24% 46%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 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

* 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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