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 ₹ 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
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 | 15,984 | |
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% |
Documents
Announcements
- Intimation Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015- Merger Approval 2d
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
30 Jan - Transcript of Earning Call held on 24th January, 2023 at 04:30 P.M.
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Announcement under Regulation 30 (LODR)-Meeting Updates
25 Jan - Audio Recording for Earning Call held on 24" January, 2023 at 04:30 P.M.
- Earning Presentation 23 Jan
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Jan
Annual reports
Concalls
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Jan 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022TranscriptPPT
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Nov 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]