Jindal Steel & Power

₹685 -6.6 | 1%

WEBSITE BSE:532286 NSE : JINDAL STE 28 Sep, 16:01

Market Cap ₹69795 Cr.

Stock P/E 24.0

P/B 1.7

Current Price ₹685

Book Value ₹ 396

Face Value 1

52W High ₹722.2

Dividend Yield 0.29%

52W Low ₹ 392.1

Edit Ratio

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).

Jindal Steel & Power Share Price

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Peer Comparison

Jindal Steel & Power Quarterly Results

#(Fig in Cr.)	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
Net Sales	11881	10610	13612	12525	14339	13045	13521	12452	13692	12588
Other Income	23	34	4	10	2	24	0	17	16	55
Total Income	11904	10643	13615	12535	14342	13069	13522	12470	13708	12644
Total Expenditure	6593	6071	9018	9215	11269	9607	11590	10075	11505	9960
Operating Profit	5310	4573	4598	3321	3073	3463	1932	2395	2203	2683
Interest	643	561	482	472	373	364	365	346	371	329
Depreciation	847	602	610	613	272	596	614	608	873	588
Exceptional Income / Expenses	-969	0	0	0	-406	61	-898	-378	-153	0
Profit Before Tax	2852	3410	3507	2236	2021	2563	54	1062	806	1767
Provision for Tax	951	894	923	614	494	573	-165	544	340	75
Profit After Tax	1901	2516	2584	1622	1527	1990	219	518	466	1692
Adjustments	68	-2474	0	-5	-16	3	-20	0	-3	-5
Profit After Adjustments	1968	41	2584	1617	1511	1993	200	519	463	1687
Adjusted Earnings Per Share	19.3	0.4	25.3	15.8	14.9	19.8	2	5.2	4.6	16.8

Jindal Steel & Power Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	19807	19286	19359	18371	21051	27383	39372	30465	38989	51086	52711	52253
Other Income	334	412	536	451	311	197	172	84	754	401	381	88
Total Income	20141	19698	19895	18822	21362	27580	39544	30549	39743	51487	53093	52344
Total Expenditure	13702	13550	13919	14977	16341	20914	31018	23650	24648	35804	42930	43130
Operating Profit	6439	6148	5977	3846	5020	6666	8525	6899	15094	15683	10162	9213
Interest	1067	1807	2875	3506	3742	4060	4368	3826	3204	2006	1616	1411
Depreciation	1539	1829	2733	4068	3949	3883	5480	3429	3453	2097	2691	2683
Exceptional Income / Expenses	0	0	-1912	-236	-372	-587	-1478	-109	-1141	-1646	-1369	-1429
Profit Before Tax	3833	2512	-1543	-3964	-3043	-1864	-2802	-465	7296	9933	4485	3689
Provision for Tax	922	618	-88	-877	-503	-240	-390	108	1769	1648	1292	794
Profit After Tax	2912	1894	-1455	-3086	-2540	-1624	-2412	-574	5527	8285	3193	2895
Adjustments	-2	17	176	120	259	215	766	465	-1893	-2047	739	-28
Profit After Adjustments	2910	1910	-1278	-2966	-2281	-1409	-1645	-109	3634	6238	3932	2869
Adjusted Earnings Per Share	31.1	20.9	-14	-32.4	-24.9	-14.6	-17	-1.1	35.6	61.7	39.1	28.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	3%	20%	14%	10%
Operating Profit CAGR	-35%	14%	9%	5%
PAT CAGR	-61%	0%	0%	1%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	70%	55%	28%	11%
ROE Average	9%	17%	8%	3%
ROCE Average	12%	17%	11%	8%

Jindal Steel & Power Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	21252	22611	21042	32436	30051	30385	32085	32137	31815	35625	38707
Minority's Interest	557	1080	857	900	647	440	-526	-776	-878	1471	313
Borrowings	15402	25900	35614	36354	32598	32956	29940	27897	20230	8434	7208
Other Non-Current Liabilities	1931	1766	2392	6162	6430	5997	6115	7242	7394	8412	7702
Total Current Liabilities	17930	17556	15632	20092	24395	22909	24356	26171	19591	18179	20810
Total Liabilities	57073	68913	75537	95943	94121	92687	91970	92670	78152	79270	74738
Fixed Assets	19429	34989	46643	65039	65900	68444	69034	69382	54350	45488	43542
Other Non-Current Assets	22463	20973	12938	14628	11653	6473	5657	4369	3172	4547	10409
Total Current Assets	15181	12951	15956	16277	16398	17519	16995	18670	20574	18021	20770
Total Assets	57073	68913	75537	95943	94121	92687	91970	92670	78152	79270	74738

Jindal Steel & Power Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	132	175	940	1103	502	246	264	178	500	5965	3505
Cash Flow from Operating Activities	3522	4580	1182	4333	6850	7724	9027	8814	11961	16048	7276
Cash Flow from Investing Activities	-9591	-12694	-6717	-2262	-1999	-1431	-832	-1476	-1884	-2331	-4019
Cash Flow from Financing Activities	6111	8879	5708	-2672	-5108	-6276	-8261	-7016	-4612	-15120	-2500
Net Cash Inflow / Outflow	43	766	173	-601	-257	17	-67	322	5465	-1403	757
Closing Cash & Cash Equivalent	175	940	1113	502	246	264	197	500	5965	4562	4261

Jindal Steel & Power Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	31.13	20.88	-13.97	-32.42	-24.93	-14.56	-17	-1.07	35.62	61.72	39.12
CEPS(Rs)	47.61	40.69	13.97	10.73	15.4	23.34	31.71	27.99	88.04	102.72	58.55
DPS(Rs)	1.6	1.5	0	0	0	0	0	0	0	3	2
Book NAV/Share(Rs)	227.35	246.02	229.74	354.35	328.23	313.7	331.01	315.06	311.91	352.48	385.14
Core EBITDA Margin(%)	23.13	21.47	20.24	12.66	16.06	19.42	16.37	16.3	26.9	20.12	11.91
EBIT Margin(%)	18.57	16.16	4.96	-1.71	2.38	6.59	3.07	8.04	19.7	15.72	7.43
Pre Tax Margin(%)	14.52	9.4	-5.74	-14.78	-10.38	-5.6	-5.49	-1.11	13.69	13.08	5.46
PAT Margin (%)	11.03	7.09	-5.41	-11.51	-8.66	-4.88	-4.73	-1.37	10.37	10.91	3.89
Cash Profit Margin (%)	16.86	13.93	4.76	3.66	4.8	6.78	6.01	6.83	16.85	13.67	7.16
ROA(%)	5.7	3.01	-2.01	-3.6	-2.67	-1.74	-2.61	-0.62	6.47	10.53	4.15
ROE(%)	14.79	8.66	-6.68	-11.55	-8.13	-5.38	-7.73	-1.79	17.28	24.57	8.59
ROCE(%)	12.09	8.24	2.12	-0.63	0.9	2.94	2.16	4.78	16.14	21.79	12.25
Receivable days	22.55	25.45	23.51	21.24	19.58	19.41	17.36	28.71	21.72	9.75	4.97
Inventory Days	56.03	64.23	66.06	55.15	42.65	46.9	41.02	56.21	42.15	31.78	29.26
Payable days	78.61	93.2	115.47	86.7	91.77	95.48	90.45	175.31	163.5	82.7	73.54
PER(x)	11.18	13.97	0	0	0	0	0	0	9.65	8.64	13.96
Price/Book(x)	1.53	1.19	0.68	0.17	0.37	0.7	0.54	0.26	1.1	1.51	1.42
Dividend Yield(%)	0.46	0.51	0	0	0	0	0	0	0	0.56	0.37
EV/Net Sales(x)	2.88	3.22	3.04	2.81	2.68	2.33	1.44	1.45	1.49	1.23	1.19
EV/Core EBITDA(x)	8.85	10.09	9.86	13.44	11.24	9.56	6.63	6.42	3.86	4.02	6.16
Net Sales Growth(%)	8.78	-2.63	0.38	-5.1	14.58	30.08	43.78	-22.62	27.98	31.03	3.18
EBIT Growth(%)	-16.74	-11.87	-69.15	-134.38	252.63	214.05	-28.65	114.52	212.46	13.71	-48.89
PAT Growth(%)	-27.25	-34.96	-176.81	-112.17	17.69	36.06	-48.47	76.21	1063.4	49.9	-61.46
EPS Growth(%)	-26.6	-32.93	-166.91	-132.08	23.1	41.61	-16.76	93.7	3428.33	73.26	-36.61
Debt/Equity(x)	1.16	1.62	2.18	1.44	1.53	1.42	1.23	1.15	0.92	0.36	0.32
Current Ratio(x)	0.85	0.74	1.02	0.81	0.67	0.76	0.7	0.71	1.05	0.99	1
Quick Ratio(x)	0.59	0.46	0.71	0.65	0.52	0.55	0.43	0.47	0.75	0.59	0.72
Interest Cover(x)	4.59	2.39	0.46	-0.13	0.19	0.54	0.36	0.88	3.28	5.95	3.77
Total Debt/Mcap(x)	0.76	1.36	3.19	8.52	4.14	2.02	2.28	4.39	0.84	0.24	0.22

Jindal Steel & Power Shareholding Pattern

#	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
Promoter	60.47	60.47	60.47	60.44	60.45	60.44	61.2	61.2	61.2	61.2
FII	10.99	10.54	9.93	8.93	9.7	10.65	11.03	13.13	13.42	12.72
DII	16.92	15.23	15.69	16.71	17.34	15.75	14.88	14.18	13.91	14.75
Public	11.62	13.76	13.91	13.92	12.51	13.16	12.9	11.5	11.48	11.34
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
Promoter	61.68	61.68	61.68	61.66	61.66	61.66	62.43	62.43	62.43	62.43
FII	11.21	10.75	10.12	9.11	9.89	10.86	11.25	13.39	13.69	12.97
DII	17.26	15.54	16.01	17.05	17.69	16.07	15.18	14.46	14.18	15.05
Public	11.85	14.04	14.19	14.2	12.76	13.42	13.16	11.73	11.71	11.56
Others	0	0	0	0	0	0	0	0	0	0
Total	102	102	102.01	102.01	102.01	102.01	102.01	102.01	102.01	102.01

Pros

Debtor days have improved from 82.7 to 73.54days.
Company has reduced debt.
Company is almost debt free.

Cons

* 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.