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)

  • Market Cap: 1,628 Cr.
  • Current Price: 69.00
  • 52 weeks High / Low 91.60 / 30.40
  • Book Value: 96.26
  • Stock P/E: 4.27
  • Dividend Yield: 0.00 %
  • ROCE: 20.97 %
  • ROE: 21.60 %
  • Sales Growth (3Yrs): 12.46 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 2.00
Edit ratios
Pros:
Company has reduced debt.
Stock is trading at 0.72 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 Dec 2019 Mar 2020
2,477 2,529 2,565 2,718 2,372 2,276 2,484 2,246
2,182 2,293 2,318 2,473 2,120 2,008 2,252 2,079
Operating Profit 295 236 247 245 253 268 232 167
OPM % 12% 9% 10% 9% 11% 12% 9% 7%
64 20 63 55 54 45 47 48
Interest 91 89 95 92 85 85 82 71
Depreciation 70 72 73 75 70 74 74 76
Profit before tax 198 96 143 133 152 154 123 68
Tax % 27% 43% 30% 27% 31% 32% 33% -59%
Net Profit 139 52 94 96 105 103 80 105
EPS in Rs 5.91 2.21 3.98 4.06 4.44 4.36 3.39 4.46
Notes Notes 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 9,379
0 7,411 6,386 6,794 9,126 9,250 8,459
Operating Profit 0 741 848 981 1,231 1,039 920
OPM % 9% 12% 13% 12% 10% 10%
0 45 -7 144 283 187 194
Interest 0 475 493 431 408 367 323
Depreciation 0 313 305 285 284 289 295
Profit before tax 0 -1 44 407 821 570 497
Tax % -310% 16% 29% 28% 30%
Net Profit 0 -8 36 287 578 381 393
EPS in Rs 0.00 0.00 1.58 12.15 24.50 16.16 16.65
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:-8.84%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:71.55%
TTM:6.08%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-19.12%
1 Year:-12.99%
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 Mar 2020
0 46 46 47 47 47 47
Reserves 0 501 563 846 1,427 1,806 2,224
Borrowings 0 1,053 2,007 3,514 2,935 2,367 2,047
0 4,639 2,917 2,270 2,347 2,273 2,266
Total Liabilities 0 6,192 5,533 6,678 6,756 6,493 6,584
0 2,801 2,546 2,430 2,290 2,190 2,108
CWIP 0 29 61 42 66 95 107
Investments 0 370 369 418 571 622 647
0 2,992 2,558 3,787 3,829 3,587 3,722
Total Assets 0 6,192 5,533 6,678 6,756 6,493 6,584

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 8.83 4.06 3.84 4.60 4.92

Shareholding pattern in percentages

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
57.67 57.67 57.67 57.67 57.67 57.67 57.67 57.67 57.67 57.67 57.67 57.67
19.03 19.29 19.25 19.13 21.33 21.16 21.11 20.93 20.82 20.56 20.60 20.60
5.15 5.06 3.84 3.25 2.70 2.89 3.05 3.72 4.06 4.29 4.35 5.41
18.15 17.98 19.25 19.95 18.30 18.29 18.17 17.69 17.45 17.48 17.38 16.32