Jindal Stainless (Hisar) Ltd

Jindal Stainless (Hisar) is engaged in a leading manufacturer /producer of stainless steel flat products in austenitic, ferritic, martensitic and duplex grades.(Source : 201903 Annual Report Page No: 93)

Pros:
Company has reduced debt.
Stock is trading at 0.75 times its book value
Company has a good return on equity (ROE) track record: 3 Years ROE 33.11%
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Contingent liabilities of Rs.5067.34 Cr.
Promoters have pledged 87.70% of their holding.

Peer Comparison Sector: Steel // Industry: Steel - Large

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
2,477 2,529 2,565 2,718 2,372 2,276
2,182 2,293 2,298 2,473 2,120 2,008
Operating Profit 295 236 267 245 253 268
OPM % 12% 9% 10% 9% 11% 12%
Other Income 64 20 43 55 54 45
Interest 91 89 95 92 85 85
Depreciation 70 72 73 75 70 74
Profit before tax 198 96 143 133 152 154
Tax % 27% 43% 30% 27% 31% 32%
Net Profit 139 52 94 96 105 103
EPS in Rs 5.91 2.21 3.98 4.06 4.44 4.36
Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
0 8,152 7,235 7,774 10,357 10,289 9,932
0 7,411 6,386 6,794 9,126 9,250 8,899
Operating Profit 0 741 848 981 1,231 1,039 1,033
OPM % 9% 12% 13% 12% 10% 10%
Other Income 0 45 -7 144 283 187 197
Interest 0 475 493 431 408 367 357
Depreciation 0 313 305 285 284 289 291
Profit before tax 0 -1 44 407 821 570 581
Tax % -310% 16% 29% 28% 30%
Net Profit 0 -8 36 287 578 381 397
EPS in Rs 0.00 0.00 1.58 12.15 24.50 16.16 16.84
Dividend Payout % -0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:12.46%
TTM:-0.66%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:71.55%
TTM:-36.33%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-12.74%
1 Year:-20.43%
Return on Equity
10 Years:%
5 Years:28.15%
3 Years:33.11%
Last Year:21.60%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
0 46 46 47 47 47 47
Reserves 0 501 563 846 1,427 1,806 2,014
Borrowings 0 1,053 2,007 3,514 2,935 2,367 2,252
0 4,535 3,038 2,365 2,396 2,314 2,348
Total Liabilities 0 6,088 5,654 6,772 6,805 6,534 6,660
0 2,801 2,546 2,430 2,290 2,190 2,155
CWIP 0 29 61 42 66 95 102
Investments 0 370 369 418 571 622 0
0 2,888 2,679 3,882 3,878 3,627 4,404
Total Assets 0 6,088 5,654 6,772 6,805 6,534 6,660

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
492 919 690 1,454 1,130
-2 -1,397 -1,780 -466 -181
-471 485 1,081 -989 -939
Net Cash Flow 19 7 -9 -0 11

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 57% 28% 23% 27% 21%
Debtor Days 43 42 49 30 31
Inventory Turnover 11.25 5.42 5.29 6.11 6.53