Jindal Steel & Power Ltd

Jindal Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Jindal Steel & Power Ltd

₹ 879 0.89%
22 Nov - close price
jindalsteelpower.com BSE: 532286 NSE: JINDALSTEL
About

Jindal Steel & Power Ltd is one of the India's leading steel producers with significant presence in sectors like mining and power generation. The group has global presence through subsidiaries, mainly in Australia, Botswana, Indonesia, Mauritius, Mozambique, Madagascar, Namibia, South Africa, Tanzania and Zambia.[1]

Key Points

Product Portfolio
The company offers a range of steel products including plates & coils, wire rod & TMT rebar, track rails, structural steel products such as beams and columns, channels, angles, etc. [1]

Website BSE NSE
  • Market Cap ₹ 89,661 Cr.
  • Current Price ₹ 879
  • High / Low ₹ 1,097 / 656
  • Stock P/E 17.5
  • Book Value ₹ 476
  • Dividend Yield 0.23 %
  • ROCE 14.6 %
  • ROE 12.2 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 13.8% over last 3 years.
  • Dividend payout has been low at 5.25% of profits over last 3 years

* 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 - Sponge Iron

Part of BSE Dollex 200 Nifty100 ESG Nifty 500 Multicap 50:25:25 Nifty Next 50 Nifty 100 Equal Weight

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
13,261 11,955 13,831 12,849 13,107 11,832 13,392 12,311 12,082 11,516 13,773 12,843 11,504
8,742 8,787 11,004 9,538 11,269 9,588 11,252 9,657 9,770 8,797 11,254 10,144 9,564
Operating Profit 4,519 3,168 2,827 3,311 1,838 2,244 2,140 2,653 2,312 2,719 2,519 2,699 1,940
OPM % 34% 26% 20% 26% 14% 19% 16% 22% 19% 24% 18% 21% 17%
19 24 -295 5,826 -1,656 -7,243 -136 14 26 30 15 23 25
Interest 350 325 295 258 320 343 365 258 258 195 210 183 167
Depreciation 562 563 551 540 544 544 538 540 555 559 563 564 573
Profit before tax 3,626 2,303 1,686 8,339 -682 -5,886 1,102 1,870 1,526 1,994 1,762 1,975 1,224
Tax % 25% 26% 29% 21% -31% -23% 28% 25% 27% 26% 27% 26% 27%
2,711 1,714 1,198 6,623 -473 -4,512 789 1,400 1,109 1,484 1,282 1,457 894
EPS in Rs 26.58 16.80 11.74 64.93 -4.64 -44.23 7.74 13.72 10.87 14.54 12.56 14.28 8.77
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
14,955 13,826 13,390 13,770 14,449 17,654 27,863 26,324 33,346 49,512 51,680 50,009 49,636
10,920 9,844 9,643 11,329 11,539 13,680 21,846 20,537 20,277 34,431 42,143 39,764 39,759
Operating Profit 4,035 3,983 3,747 2,441 2,910 3,974 6,018 5,787 13,069 15,080 9,538 10,245 9,877
OPM % 27% 29% 28% 18% 20% 23% 22% 22% 39% 30% 18% 20% 20%
305 379 -350 23 1 -345 -1,384 -9 480 -265 -3,214 42 92
Interest 1,062 1,540 2,251 2,646 2,324 2,391 2,896 2,611 2,187 1,415 1,286 921 755
Depreciation 1,048 1,221 1,786 2,148 2,044 1,910 2,307 2,287 2,243 2,232 2,166 2,216 2,259
Profit before tax 2,228 1,601 -639 -2,330 -1,457 -672 -570 880 9,119 11,168 2,872 7,151 6,955
Tax % 29% 19% -51% -39% -32% -46% -54% 30% 22% 26% 16% 26%
1,593 1,292 -311 -1,419 -986 -362 -263 618 7,154 8,283 2,427 5,273 5,116
EPS in Rs 17.04 14.12 -3.40 -15.50 -10.78 -3.74 -2.72 6.06 70.14 81.20 23.79 51.69 50.15
Dividend Payout % 9% 11% 0% 0% 0% 0% 0% 0% 0% 4% 8% 4%
Compounded Sales Growth
10 Years: 14%
5 Years: 12%
3 Years: 14%
TTM: 0%
Compounded Profit Growth
10 Years: 15%
5 Years: 36%
3 Years: -10%
TTM: -10%
Stock Price CAGR
10 Years: 20%
5 Years: 42%
3 Years: 32%
1 Year: 33%
Return on Equity
10 Years: 9%
5 Years: 14%
3 Years: 14%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 93 91 91 91 92 97 97 102 102 101 100 100 101
Reserves 12,255 12,973 12,420 22,974 21,675 22,691 22,447 23,607 32,540 40,259 40,456 45,393 48,412
20,470 24,369 28,313 25,742 25,326 23,180 19,700 16,835 18,964 13,918 12,458 11,693 8,647
6,992 5,774 5,346 11,789 13,002 14,109 15,429 18,331 17,525 20,884 14,015 14,830 15,252
Total Liabilities 39,810 43,208 46,170 60,597 60,094 60,077 57,672 58,875 69,131 75,162 67,030 72,017 72,412
14,156 18,259 27,215 43,023 41,476 45,636 44,363 44,472 42,722 41,358 40,083 39,473 39,132
CWIP 11,484 11,663 3,563 5,686 7,529 2,689 1,624 851 604 760 2,119 3,802 4,779
Investments 1,331 1,351 2,487 1,477 1,485 1,490 1,693 1,699 5,558 6,316 5,693 7,531 7,577
12,839 11,935 12,905 10,411 9,603 10,261 9,992 11,853 20,248 26,728 19,135 21,211 20,924
Total Assets 39,810 43,208 46,170 60,597 60,094 60,077 57,672 58,875 69,131 75,162 67,030 72,017 72,412

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,021 2,706 1,449 4,422 4,064 4,860 6,988 7,061 9,760 14,185 6,416 6,909
-4,367 -3,116 -3,147 862 -1,111 -870 -1,347 -1,366 -3,507 -9,407 -3,843 -5,081
3,355 1,118 1,236 -5,231 -3,138 -4,027 -5,676 -5,380 -1,082 -7,428 -1,850 -2,544
Net Cash Flow 10 708 -462 53 -185 -37 -35 314 5,171 -2,649 723 -716

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 35 39 36 22 20 16 12 13 21 9 8 16
Inventory Days 258 288 302 159 125 165 110 125 160 128 82 92
Days Payable 45 145 117 127 157 180 107 148 133 96 67 66
Cash Conversion Cycle 248 181 221 54 -12 1 15 -10 49 41 23 42
Working Capital Days 132 89 128 7 53 19 -21 -19 19 26 -6 14
ROCE % 11% 9% 6% 1% 2% 4% 8% 8% 25% 24% 14% 15%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
60.44% 60.45% 60.44% 61.20% 61.21% 61.21% 61.21% 61.21% 61.21% 61.21% 61.19% 61.19%
8.93% 9.70% 10.65% 11.02% 13.13% 13.42% 12.71% 12.23% 11.75% 11.93% 12.64% 12.19%
16.71% 17.34% 15.75% 14.87% 14.17% 13.90% 14.74% 15.22% 15.33% 14.73% 15.34% 16.05%
13.92% 12.51% 12.13% 11.42% 10.02% 9.99% 9.86% 9.88% 9.99% 10.41% 10.01% 9.75%
0.00% 0.00% 1.02% 1.48% 1.48% 1.48% 1.48% 1.48% 1.73% 1.73% 0.81% 0.81%
No. of Shareholders 2,99,9542,56,0463,01,8302,72,3332,36,4382,35,4732,30,7742,38,0542,50,7322,59,9912,80,5332,87,902

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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