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Jindal Steel & Power

₹524.4 -5.3 | 1%

Market Cap ₹53488 Cr.

Stock P/E 16.6

P/B 1.4

Current Price ₹524.4

Book Value ₹ 379.5

Face Value 1

52W High ₹622.4

Dividend Yield 0.38%

52W Low ₹ 304.2

Jindal Steel & Power Research see more...

Overview Inc. Year: 1979Industry: Steel/Sponge Iron/Pig Iron

Jindal Steel and Power Ltd (JSPL) is an India-based steel producer organisation. The Company's segments comprises Iron & Steel, Power and Other. The Iron and metal products section accommodates of producing of Steel products, sponge iron, pellets and castings. The Power section incorporates of enterprise of power generation. The Others section comprises particularly aviation, machinery division and property. The Company's merchandise portfolio consists of rails, parallel flange beams and columns, plates and coils, angles and channels, wire rods, round bars, pace floors, Jindal panther Thermo routinely handled (TMT) rebars, Jindal panther cement, fabricated sections and semi-completed. JSPL caters to various clients with a portfolio of products spanning flat, lengthy and unique merchandise, focused on handing over custom designed, metal to its shoppers. JSPL additionally has a sizable power portfolio, comprising independent power plants (IPPs) and captive power projects (CPP).

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Jindal Steel & Power Share Price

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Jindal Steel & Power Quarterly Results

#(Fig in Cr.) Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 10534 11881 10610 13612 12525 14339 13045 13521 12452 13692
Other Income 365 23 34 4 10 2 24 0 17 16
Total Income 10899 11904 10643 13615 12535 14342 13069 13522 12470 13708
Total Expenditure 6281 6593 6071 9018 9215 11269 9607 11590 10075 11505
Operating Profit 4618 5310 4573 4598 3321 3073 3463 1932 2395 2203
Interest 728 643 561 482 472 373 364 365 346 371
Depreciation 870 847 602 610 613 272 596 614 608 873
Exceptional Income / Expenses -172 -969 0 0 0 -406 61 -898 -378 -153
Profit Before Tax 2848 2852 3410 3507 2236 2021 2563 54 1062 806
Provision for Tax 416 951 894 923 614 494 573 -165 544 340
Profit After Tax 2432 1901 2516 2584 1622 1527 1990 219 518 466
Adjustments -178 68 -2474 0 -5 -16 3 -20 0 -3
Profit After Adjustments 2255 1968 41 2584 1617 1511 1993 200 519 463
Adjusted Earnings Per Share 22.1 19.3 0.4 25.3 15.8 14.9 19.8 2 5.2 4.6

Jindal Steel & Power Profit & Loss

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
Net Sales 18209 19807 19286 19359 18371 21051 27383 39372 30465 38989 51086 52710
Other Income 420 334 412 536 451 311 197 172 84 754 401 57
Total Income 18629 20141 19698 19895 18822 21362 27580 39544 30549 39743 51487 52769
Total Expenditure 11357 13702 13550 13919 14977 16341 20914 31018 23650 24648 35804 42777
Operating Profit 7272 6439 6148 5977 3846 5020 6666 8525 6899 15094 15683 9993
Interest 697 1067 1807 2875 3506 3742 4060 4368 3826 3204 2006 1446
Depreciation 1386 1539 1829 2733 4068 3949 3883 5480 3429 3453 2097 2691
Exceptional Income / Expenses 0 0 0 -1912 -236 -372 -587 -1478 -109 -1141 -1646 -1368
Profit Before Tax 5189 3833 2512 -1543 -3964 -3043 -1864 -2802 -465 7296 9933 4485
Provision for Tax 1186 922 618 -88 -877 -503 -240 -390 108 1769 1648 1292
Profit After Tax 4002 2912 1894 -1455 -3086 -2540 -1624 -2412 -574 5527 8285 3193
Adjustments -37 -2 17 176 120 259 215 766 465 -1893 -2047 -20
Profit After Adjustments 3965 2910 1910 -1278 -2966 -2281 -1409 -1645 -109 3634 6238 3175
Adjusted Earnings Per Share 42.4 31.1 20.9 -14 -32.4 -24.9 -14.6 -17 -1.1 35.6 61.7 31.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 31% 9% 19% 11%
Operating Profit CAGR 4% 23% 26% 8%
PAT CAGR 50% 0% 0% 8%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 42% 54% 17% 7%
ROE Average 25% 13% 5% 4%
ROCE Average 22% 14% 10% 8%

Jindal Steel & Power Balance Sheet

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Shareholder's Funds 18111 21252 22611 21042 32436 30051 30385 32085 32137 31815 35625
Minority's Interest 307 557 1080 857 900 647 440 -526 -776 -878 1471
Borrowings 11180 15402 25900 35614 36354 32598 32956 29940 27897 20230 8434
Other Non-Current Liabilities 1368 1931 1766 2392 6162 6430 5997 6115 7242 7394 8412
Total Current Liabilities 14042 17930 17556 15632 20092 24395 22909 24356 26171 19591 18179
Total Liabilities 45008 57073 68913 75537 95943 94121 92687 91970 92670 78152 79270
Fixed Assets 16586 19429 34989 46643 65039 65900 68444 69034 69382 54350 45488
Other Non-Current Assets 16225 22463 20973 12938 14628 11653 6473 5657 4369 3172 4547
Total Current Assets 12197 15181 12951 15956 16277 16398 17519 16995 18670 20574 18021
Total Assets 45008 57073 68913 75537 95943 94121 92687 91970 92670 78152 79270

Jindal Steel & Power Cash Flow

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Opening Cash & Cash Equivalents 145 132 175 940 1103 502 246 264 178 500 5965
Cash Flow from Operating Activities 3922 3522 4580 1182 4333 6850 7724 9027 8814 11961 16048
Cash Flow from Investing Activities -6171 -9591 -12694 -6717 -2262 -1999 -1431 -832 -1476 -1884 -2331
Cash Flow from Financing Activities 2235 6111 8879 5708 -2672 -5108 -6276 -8261 -7016 -4612 -15120
Net Cash Inflow / Outflow -13 43 766 173 -601 -257 17 -67 322 5465 -1403
Closing Cash & Cash Equivalent 132 175 940 1113 502 246 264 197 500 5965 4562

Jindal Steel & Power Ratios

# Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Earnings Per Share (Rs) 42.41 31.13 20.88 -13.97 -32.42 -24.93 -14.56 -17 -1.07 35.62 61.72
CEPS(Rs) 57.65 47.61 40.69 13.97 10.73 15.4 23.34 31.71 27.99 88.04 102.72
DPS(Rs) 1.6 1.6 1.5 0 0 0 0 0 0 0 3
Book NAV/Share(Rs) 193.74 227.35 246.02 229.74 354.35 328.23 313.7 331.01 315.06 311.91 352.48
Core EBITDA Margin(%) 30.49 23.13 21.47 20.24 12.66 16.06 19.42 16.37 16.3 26.9 20.12
EBIT Margin(%) 26.19 18.57 16.16 4.96 -1.71 2.38 6.59 3.07 8.04 19.7 15.72
Pre Tax Margin(%) 23.09 14.52 9.4 -5.74 -14.78 -10.38 -5.6 -5.49 -1.11 13.69 13.08
PAT Margin (%) 17.81 11.03 7.09 -5.41 -11.51 -8.66 -4.88 -4.73 -1.37 10.37 10.91
Cash Profit Margin (%) 23.98 16.86 13.93 4.76 3.66 4.8 6.78 6.01 6.83 16.85 13.67
ROA(%) 9.87 5.7 3.01 -2.01 -3.6 -2.67 -1.74 -2.61 -0.62 6.47 10.53
ROE(%) 24.84 14.79 8.66 -6.68 -11.55 -8.13 -5.38 -7.73 -1.79 17.28 24.57
ROCE(%) 18.6 12.09 8.24 2.12 -0.63 0.9 2.94 2.16 4.78 16.14 21.79
Receivable days 19.98 22.55 25.45 23.51 21.24 19.58 19.41 17.36 28.71 21.72 9.75
Inventory Days 51.59 56.03 64.23 66.06 55.15 42.65 46.9 41.02 56.21 42.15 31.78
Payable days 75.08 78.61 93.2 115.47 86.7 91.77 95.48 90.45 175.31 163.5 82.7
PER(x) 12.85 11.18 13.97 0 0 0 0 0 0 9.65 8.64
Price/Book(x) 2.81 1.53 1.19 0.68 0.17 0.37 0.7 0.54 0.26 1.1 1.51
Dividend Yield(%) 0.29 0.46 0.51 0 0 0 0 0 0 0 0.56
EV/Net Sales(x) 3.73 2.88 3.22 3.04 2.81 2.68 2.33 1.44 1.45 1.49 1.23
EV/Core EBITDA(x) 9.34 8.85 10.09 9.86 13.44 11.24 9.56 6.63 6.42 3.86 4.02
Net Sales Growth(%) 38.87 8.78 -2.63 0.38 -5.1 14.58 30.08 43.78 -22.62 27.98 31.03
EBIT Growth(%) 8.78 -16.74 -11.87 -69.15 -134.38 252.63 214.05 -28.65 114.52 212.46 13.71
PAT Growth(%) 5.21 -27.25 -34.96 -176.81 -112.17 17.69 36.06 -48.47 76.21 1063.4 49.9
EPS Growth(%) 5.56 -26.6 -32.93 -166.91 -132.08 23.1 41.61 -16.76 93.7 3428.33 73.26
Debt/Equity(x) 0.94 1.16 1.62 2.18 1.44 1.53 1.42 1.23 1.15 0.92 0.36
Current Ratio(x) 0.87 0.85 0.74 1.02 0.81 0.67 0.76 0.7 0.71 1.05 0.99
Quick Ratio(x) 0.61 0.59 0.46 0.71 0.65 0.52 0.55 0.43 0.47 0.75 0.59
Interest Cover(x) 8.45 4.59 2.39 0.46 -0.13 0.19 0.54 0.36 0.88 3.28 5.95
Total Debt/Mcap(x) 0.34 0.76 1.36 3.19 8.52 4.14 2.02 2.28 4.39 0.84 0.24

Jindal Steel & Power Shareholding Pattern

# Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Promoter 60.47 60.47 60.47 60.47 60.44 60.45 60.44 61.2 61.2 61.2
FII 11.52 10.99 10.54 9.93 8.93 9.7 10.65 11.03 13.13 13.42
DII 15.39 16.92 15.23 15.69 16.71 17.34 15.75 14.88 14.18 13.91
Public 12.62 11.62 13.76 13.91 13.92 12.51 13.16 12.9 11.5 11.48
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 163.5 to 82.7days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 13% over the last 3 years.
  • The company has delivered a poor profit growth of 0% over past five 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.

Jindal Steel & Power News