Jindal Stainless Ltd

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

Jindal Stainless Ltd

₹ 655 -4.47%
21 Nov - close price
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 ₹ 53,928 Cr.
  • Current Price ₹ 655
  • High / Low ₹ 848 / 492
  • Stock P/E 22.0
  • Book Value ₹ 188
  • Dividend Yield 0.46 %
  • ROCE 22.2 %
  • ROE 19.9 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 79.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.5%
  • Debtor days have improved from 35.8 to 26.8 days.

Cons

  • Promoter holding has decreased over last 3 years: -8.11%

* 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

Part of Nifty LargeMidcap 250 Nifty Metal BSE Allcap BSE Commodities BSE 150 MidCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
5,027 5,670 9,726 8,119 8,751 9,062 9,765 10,184 9,797 9,127 9,454 9,430 9,777
4,279 4,873 8,314 7,229 8,066 8,194 8,621 8,992 8,566 7,881 8,419 8,219 8,590
Operating Profit 748 797 1,412 889 685 868 1,144 1,192 1,231 1,246 1,035 1,210 1,186
OPM % 15% 14% 15% 11% 8% 10% 12% 12% 13% 14% 11% 13% 12%
41 43 47 50 35 74 78 76 140 52 53 51 47
Interest 82 93 82 79 87 76 83 100 156 146 153 143 159
Depreciation 93 93 184 179 182 181 181 188 222 236 233 232 241
Profit before tax 614 654 1,193 682 450 685 957 981 993 917 702 886 834
Tax % 33% 32% 25% 26% 23% 25% 25% 25% 23% 25% 29% 27% 27%
412 442 895 508 347 513 716 738 764 691 501 646 609
EPS in Rs 8.08 8.64 16.70 9.48 6.72 9.47 9.30 9.06 9.40 8.41 6.08 7.87 7.42
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
11,244 12,810 6,933 7,144 9,279 11,638 13,557 12,951 12,188 32,733 35,697 38,562 37,788
10,536 11,800 6,564 6,571 8,113 10,294 12,392 11,819 10,764 27,642 32,111 33,858 33,110
Operating Profit 709 1,010 368 573 1,166 1,343 1,165 1,132 1,424 5,090 3,586 4,704 4,678
OPM % 6% 8% 5% 8% 13% 12% 9% 9% 12% 16% 10% 12% 12%
-149 -374 1,238 -14 63 62 45 44 148 171 236 321 203
Interest 1,043 1,295 942 1,030 788 566 637 586 480 344 325 554 601
Depreciation 740 728 411 316 325 320 352 425 403 759 724 879 942
Profit before tax -1,224 -1,387 253 -788 116 520 222 165 690 4,159 2,774 3,592 3,339
Tax % -31% -1% 0% -29% 28% 34% 35% 56% 39% 25% 25% 25%
-842 -1,367 253 -556 83 346 145 73 419 3,109 2,084 2,693 2,447
EPS in Rs -41.19 -63.52 11.17 -24.05 2.04 7.16 2.97 1.46 8.60 58.59 25.68 32.95 29.78
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 10% 6%
Compounded Sales Growth
10 Years: 12%
5 Years: 23%
3 Years: 47%
TTM: -3%
Compounded Profit Growth
10 Years: 17%
5 Years: 79%
3 Years: 94%
TTM: -7%
Stock Price CAGR
10 Years: 48%
5 Years: 76%
3 Years: 58%
1 Year: 30%
Return on Equity
10 Years: %
5 Years: 23%
3 Years: 25%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 41 43 45 46 80 96 96 97 97 105 165 165 165
Reserves 1,299 16 -214 1,666 1,734 2,369 2,495 2,620 3,108 9,718 11,766 14,193 15,297
11,601 11,927 11,289 10,347 5,888 5,015 4,388 3,903 3,230 4,007 3,958 6,052 6,473
4,309 4,446 2,898 2,798 3,208 3,354 3,736 4,057 4,300 8,746 11,226 10,355 12,178
Total Liabilities 17,250 16,431 14,018 14,858 10,909 10,834 10,715 10,678 10,735 22,576 27,115 30,765 34,113
10,157 9,780 7,552 6,863 6,609 6,342 6,345 6,181 5,855 8,646 9,961 13,254 14,581
CWIP 161 157 144 70 29 144 29 15 58 525 773 1,112 1,590
Investments 22 18 14 393 404 439 454 449 456 626 970 1,246 1,273
6,910 6,476 6,308 7,532 3,868 3,909 3,887 4,033 4,365 12,779 15,411 15,152 16,669
Total Assets 17,250 16,431 14,018 14,858 10,909 10,834 10,715 10,678 10,735 22,576 27,115 30,765 34,113

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
282 958 554 966 5,115 1,452 1,419 1,180 1,308 1,038 3,096 4,818
-74 -136 -1 1,053 -30 -194 -192 -186 -152 -985 -2,480 -3,229
-282 -891 -580 -1,972 -5,106 -1,257 -1,237 -991 -1,119 101 -386 -829
Net Cash Flow -73 -69 -28 47 -21 1 -11 4 37 154 229 760

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 63 48 57 48 35 28 25 20 28 43 37 27
Inventory Days 175 158 147 154 133 116 96 117 130 116 125 108
Days Payable 146 125 104 143 119 104 99 113 123 98 117 95
Cash Conversion Cycle 91 81 101 59 50 41 22 23 35 61 46 41
Working Capital Days 80 51 173 195 1 13 1 -6 15 48 41 36
ROCE % 0% 3% -0% 2% 9% 14% 12% 11% 16% 44% 21% 22%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
68.60% 69.87% 70.10% 70.09% 70.09% 57.95% 57.95% 57.94% 58.68% 60.49% 60.48% 60.48%
15.01% 15.10% 13.77% 12.71% 13.05% 21.92% 22.20% 23.37% 22.56% 20.83% 22.49% 22.78%
7.21% 6.31% 5.86% 6.48% 7.21% 6.15% 6.01% 5.42% 5.81% 6.62% 6.25% 5.86%
9.18% 8.72% 10.27% 10.71% 9.64% 13.99% 13.85% 13.26% 12.94% 12.06% 10.78% 10.86%
No. of Shareholders 1,01,6001,10,2681,31,1741,31,2441,14,6521,46,5811,39,3651,52,7091,66,1831,87,7262,02,1032,09,910

* 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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