Jindal Stainless (Hisar) Ltd
Jindal Stainless (Hisar) Limited is a leading manufacturer of stainless steel flat products in austenitic, ferritic, martensitic and duplex grades. [1]
- Market Cap ₹ 5,452 Cr.
- Current Price ₹ 231
- High / Low ₹ 434 / 189
- Stock P/E 2.88
- Book Value ₹ 208
- Dividend Yield 0.00 %
- ROCE 45.8 %
- ROE 49.3 %
- Face Value ₹ 2.00


Pros
- Stock is trading at 1.11 times its book value
- Company is expected to give good quarter
- 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.4,702 Cr.
- Promoters have pledged 85.9% of their holding.
- Debtor days have increased from 35.9 to 43.1 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 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 | 15,689 | |
0 | 7,408 | 6,373 | 6,792 | 9,126 | 9,248 | 8,443 | 8,270 | 12,858 | 13,610 | |
Operating Profit | 0 | 744 | 862 | 983 | 1,231 | 1,040 | 936 | 1,130 | 2,153 | 2,078 |
OPM % | 9% | 12% | 13% | 12% | 10% | 10% | 12% | 14% | 13% | |
0 | 42 | -20 | 141 | 283 | 186 | 178 | 291 | 664 | 662 | |
Interest | 0 | 475 | 493 | 431 | 408 | 367 | 323 | 251 | 131 | 131 |
Depreciation | 0 | 313 | 305 | 285 | 284 | 289 | 295 | 290 | 250 | 241 |
Profit before tax | 0 | -1 | 44 | 407 | 821 | 570 | 497 | 880 | 2,436 | 2,368 |
Tax % | -310% | 16% | 29% | 28% | 30% | 19% | 21% | 20% | ||
Net Profit | 0 | -8 | 36 | 287 | 578 | 381 | 393 | 694 | 1,942 | 1,892 |
EPS in Rs | 0.00 | -321.60 | 1.58 | 12.15 | 24.50 | 16.16 | 16.65 | 29.41 | 82.33 | 80.20 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 13% |
TTM: | 39% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 49% |
3 Years: | 75% |
TTM: | 69% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 51% |
1 Year: | -21% |
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 | |
---|---|---|---|---|---|---|---|---|---|
0 | 46 | 46 | 47 | 47 | 47 | 47 | 47 | 47 | |
Reserves | 0 | 501 | 563 | 846 | 1,427 | 1,806 | 2,224 | 2,924 | 4,862 |
0 | 1,053 | 2,007 | 3,514 | 2,935 | 2,367 | 2,181 | 1,481 | 1,845 | |
0 | 4,639 | 2,917 | 2,270 | 2,347 | 2,273 | 2,132 | 2,585 | 3,122 | |
Total Liabilities | 0 | 6,192 | 5,533 | 6,678 | 6,756 | 6,493 | 6,584 | 7,037 | 9,876 |
0 | 2,801 | 2,546 | 2,430 | 2,290 | 2,190 | 2,108 | 1,961 | 1,968 | |
CWIP | 0 | 29 | 61 | 42 | 66 | 95 | 107 | 183 | 161 |
Investments | 0 | 370 | 369 | 418 | 571 | 622 | 647 | 798 | 1,339 |
0 | 2,992 | 2,558 | 3,787 | 3,829 | 3,587 | 3,722 | 4,095 | 6,408 | |
Total Assets | 0 | 6,192 | 5,533 | 6,678 | 6,756 | 6,493 | 6,584 | 7,037 | 9,876 |
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 | 17 | 79 | |
ROCE % | 57% | 28% | 23% | 27% | 21% | 18% | 25% | 46% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 10 Aug
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Announcement under Regulation 30 (LODR)-Cessation
5 Aug - Cessation of Directorship of Mr. Nirmal Chandra Mathur
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 3 Aug
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2 Aug - Transcript of Earning Call held on 28th July, 2022 at 01:00 P.M.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 Jul - Audio Recording of Earning Call held on 28th July, 2022 at 01:00 P.M.
Annual reports
Concalls
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Nov 2018TranscriptPPT
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Oct 2018TranscriptPPT
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Jul 2018TranscriptPPT
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Jan 2016TranscriptPPT
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]