Jindal Stainless Ltd

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

Jindal Stainless Ltd

₹ 820 0.60%
03 Jul 9:05 a.m.
jindalstainless.com BSE: 532508 NSE: JSL
About

Jindal Stainless Ltd is one of the largest manufacturers of Stainless Steel flat products, in Austenitic, Ferritic, Martensitic and Duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods etc. [1]

Key Points

Products and Applications
The Co is the largest manufacturer of stainless steel in 200, 300, 400 and duplex stainless steel series. The product range includes Ferro Alloys, Steel Slabs, Hot Rolled Coils, Cold Rolled Coils, Steel Plates etc. [1]
Applications:
Architecture,Building & Construction - Roofing, Cladding, Paneling
Automobile and Transport - Exhaust, Brakes, Fuel Tanks
Railway - Coaches, Wagons, Metro
Consumer Durables - Kitchen applications, bathroom accessories
Process industry - Boilers, Water tanks, Pumps for the food and chemical industry [2] [3]

Website BSE NSE
  • Market Cap ₹ 67,513 Cr.
  • Current Price ₹ 820
  • High / Low ₹ 841 / 342
  • Stock P/E 26.9
  • Book Value ₹ 166
  • Dividend Yield 0.18 %
  • ROCE 22.6 %
  • ROE 19.9 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 79.4% CAGR over last 5 years
  • Debtor days have improved from 37.4 to 28.5 days.
  • Promoter holding has increased by 1.80% over last quarter.

Cons

  • Promoter holding has decreased over last 3 years: -7.63%

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,810 3,841 4,815 5,368 9,596 8,028 8,556 9,001 9,444 10,027 9,720 9,088 9,521
3,288 3,261 4,104 4,629 8,313 7,201 7,862 8,054 8,347 8,910 8,651 8,067 8,693
Operating Profit 521 580 711 739 1,283 828 695 947 1,097 1,118 1,070 1,021 827
OPM % 14% 15% 15% 14% 13% 10% 8% 11% 12% 11% 11% 11% 9%
66 10 15 12 23 19 25 30 32 44 34 230 92
Interest 92 81 79 89 71 72 81 68 75 93 104 93 103
Depreciation 90 91 89 90 172 167 170 169 169 174 178 182 181
Profit before tax 406 418 557 573 1,062 609 469 740 886 895 822 975 636
Tax % 35% 35% 35% 35% 26% 25% 25% 25% 26% 26% 26% 20% 25%
265 271 363 372 786 454 349 552 659 666 609 779 476
EPS in Rs 5.44 5.57 7.19 7.37 14.95 8.63 6.65 10.50 8.00 8.08 7.40 9.46 5.79
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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
10,226 11,891 5,996 6,528 8,311 10,785 12,585 12,320 11,679 32,292 35,030 38,356
9,611 11,012 5,692 6,007 7,205 9,500 11,449 11,145 10,283 27,572 31,463 34,320
Operating Profit 615 880 304 521 1,107 1,284 1,136 1,175 1,396 4,720 3,567 4,036
OPM % 6% 7% 5% 8% 13% 12% 9% 10% 12% 15% 10% 11%
-123 -371 1,226 -8 52 44 34 45 142 64 106 401
Interest 990 1,235 916 1,006 762 541 614 567 464 312 295 393
Depreciation 701 688 393 298 308 304 335 409 373 704 675 715
Profit before tax -1,199 -1,414 222 -792 89 483 221 244 700 3,767 2,704 3,328
Tax % 32% 2% -1% 29% 34% 34% 37% 37% 39% 26% 26% 24%
-821 -1,390 223 -559 58 318 139 153 428 2,790 2,014 2,531
EPS in Rs -40.22 -64.54 9.85 -24.18 1.46 6.64 2.90 3.14 8.78 53.09 24.46 30.73
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 10% 10%
Compounded Sales Growth
10 Years: 12%
5 Years: 25%
3 Years: 49%
TTM: 9%
Compounded Profit Growth
10 Years: 16%
5 Years: 79%
3 Years: 90%
TTM: 25%
Stock Price CAGR
10 Years: 42%
5 Years: 90%
3 Years: 95%
1 Year: 138%
Return on Equity
10 Years: 16%
5 Years: 22%
3 Years: 25%
Last Year: 20%

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
Equity Capital 41 43 45 46 80 96 96 97 97 105 165 165
Reserves 1,435 147 -218 1,590 1,661 2,256 2,379 2,560 3,055 9,341 11,292 13,535
Preference Capital 0 3 1 0 0 606 695 0 0 0 0
10,900 11,221 10,889 10,037 5,628 4,122 3,423 3,655 2,974 3,479 3,562 3,886
4,150 4,282 2,814 2,654 2,902 3,690 4,124 3,796 4,138 8,409 11,121 9,932
Total Liabilities 16,526 15,693 13,530 14,328 10,271 10,164 10,021 10,108 10,265 21,334 26,140 27,518
9,807 9,438 7,394 6,645 6,392 6,143 6,143 5,969 5,679 8,160 9,455 9,569
CWIP 154 153 137 54 30 142 26 12 55 502 520 930
Investments 173 170 103 482 481 485 487 489 491 937 1,172 2,804
6,392 5,931 5,895 7,147 3,368 3,394 3,366 3,638 4,040 11,735 14,993 14,214
Total Assets 16,526 15,693 13,530 14,328 10,271 10,164 10,021 10,108 10,265 21,334 26,140 27,518

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
105 884 421 766 5,182 1,427 1,353 1,123 1,295 1,111 2,834 3,683
-21 -89 20 1,050 -5 -184 -172 -162 -154 -923 -2,367 -2,831
-162 -836 -449 -1,787 -5,198 -1,258 -1,196 -951 -1,107 -38 -225 -363
Net Cash Flow -78 -42 -8 29 -22 -15 -15 10 34 151 242 490

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 68 52 58 51 35 28 24 23 31 44 40 29
Inventory Days 174 151 152 146 129 107 88 106 121 100 117 102
Days Payable 155 129 116 147 121 103 100 110 122 95 117 95
Cash Conversion Cycle 87 73 94 50 44 32 13 18 30 49 39 36
Working Capital Days 77 44 181 203 -5 7 -4 -8 13 40 37 33
ROCE % -0% 2% -1% 2% 9% 14% 12% 12% 17% 43% 21%

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.12% 68.60% 68.60% 69.87% 70.10% 70.09% 70.09% 57.95% 57.95% 57.94% 58.68% 60.49%
14.76% 14.33% 15.01% 15.10% 13.77% 12.71% 13.05% 21.92% 22.20% 23.37% 22.56% 20.83%
6.01% 6.64% 7.21% 6.31% 5.86% 6.48% 7.21% 6.15% 6.01% 5.42% 5.81% 6.62%
11.11% 10.43% 9.18% 8.72% 10.27% 10.71% 9.64% 13.99% 13.85% 13.26% 12.94% 12.06%
No. of Shareholders 78,4711,02,9361,01,6001,10,2681,31,1741,31,2441,14,6521,46,5811,39,3651,52,7091,66,1831,87,726

* 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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