Jindal Steel & Power

₹524.4 -5.3 | 1%

WEBSITE BSE:532286 NSE : JINDAL STE 09 Jun, 13:04

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

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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Price

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Quarterly Price

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Peer Comparison

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

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	61.68	61.68	61.68	61.68	61.66	61.66	61.66	62.43	62.43	62.43
FII	11.76	11.21	10.75	10.12	9.11	9.89	10.86	11.25	13.39	13.69
DII	15.7	17.26	15.54	16.01	17.05	17.69	16.07	15.18	14.46	14.18
Public	12.87	11.85	14.04	14.19	14.2	12.76	13.42	13.16	11.73	11.71
Others	0	0	0	0	0	0	0	0	0	0
Total	102	102	102	102.01	102.01	102.01	102.01	102.01	102.01	102.01

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.