Jindal Stainless (Hisar) Ltd

₹ 231 1.34%
12 Aug - 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 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
Ligin Bomjen
Ligin Bomjen
In 1943, British had banned the salt trade. Ligin and his friends smuggled salt to their village. He also served as a porter in the second World War.
Unsung Heroes →
Prafullanalini Bramha
Prafullanalini Bramha
She was a member of the Yugantar. They formed small groups of girls (Girls' Club) and trained them in revolver shooting and martial arts. She pursued the leaders let them have bigger roles like the boys.
Unsung Heroes →

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
2,372 2,276 2,484 2,246 852 2,298 3,147 3,103 2,776 3,743 4,173 4,318 3,454
2,120 2,008 2,252 2,079 850 2,007 2,759 2,697 2,364 3,176 3,604 3,714 3,117
Operating Profit 253 268 232 167 3 291 387 406 412 567 569 605 337
OPM % 11% 12% 9% 7% 0% 13% 12% 13% 15% 15% 14% 14% 10%
54 45 47 48 31 68 94 142 133 149 176 206 131
Interest 85 85 82 71 73 69 65 45 33 24 36 39 33
Depreciation 70 74 74 76 72 74 73 71 64 62 63 61 55
Profit before tax 152 154 123 68 -112 216 343 432 448 630 647 711 380
Tax % 31% 32% 33% -59% 16% 22% 21% 19% 20% 21% 20% 19% 19%
Net Profit 105 103 80 105 -93 167 270 350 358 497 514 573 308
EPS in Rs 4.44 4.36 3.39 4.46 -3.93 7.08 11.42 14.83 15.18 21.09 21.77 24.30 13.04

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%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
57.67 57.67 57.67 57.67 57.67 57.67 57.67 58.08 58.87 58.88 58.88 58.88
20.56 20.60 20.60 20.55 20.44 21.12 20.69 20.97 20.67 20.12 20.53 20.73
4.29 4.35 5.41 5.11 3.97 3.88 4.02 4.08 4.12 4.11 4.29 4.56
17.48 17.38 16.32 16.68 17.93 17.34 17.63 16.87 16.34 16.89 16.29 15.83

Documents

Concalls

Surain Singh Badagilwandi
Surain Singh Badagilwandi
He was a Gadar Party Hero. He was involved in Lahore Conspiracy Case. He was hanged on 17th November 1915.
Unsung Heroes →
Ligin Bomjen
Ligin Bomjen
In 1943, British had banned the salt trade. Ligin and his friends smuggled salt to their village. He also served as a porter in the second World War.
Unsung Heroes →