Jindal Stainless Ltd
JSLJindal Stainless Ltd
JSLPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
22.67 | 3.87 | 0.30% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
31.14 | 3.51 | 1.31% |
Forecast & Ratings
Detailed Forecast from 9 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Jindal Saw Limited is engaged in manufacturing stainless steel. It's products include slabs, blooms, hot rolled (HR) coil, cold roll (CR) coil, plates, coin blanks, precision strips, blade steel and stainless steel plumbing.
Peers
Compare with peersÂJSW Steel Ltd
Tata Steel Ltd
Jindal Steel And Power Ltd
Bharat Forge Ltd
Lloyds Metals And Energy Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 7,129.39 | 9,348.91 | 11,738.13 | 13,653.13 | 13,037.33 | 12,348.55 | 32,904.01 | 35,933.28 | 38,883.87 | 37,993.19 | ||||||||||
Raw Materials | 4,681.50 | 5,939.34 | 7,360.50 | 9,392.94 | 8,705.72 | 7,695.14 | 22,611.51 | 25,326.31 | 26,051.58 | 33,111.59 | ||||||||||
Power & Fuel Cost | 541.94 | 565.02 | 690.42 | 732.38 | 792.61 | 633.63 | 1,742.51 | 2,038.23 | 2,220.64 | |||||||||||
Employee Cost | 134.34 | 154.05 | 196.28 | 211.91 | 204.53 | 177.87 | 554.10 | 539.30 | 642.99 | |||||||||||
Selling & Administrative Expenses | 291.31 | 320.46 | 391.69 | 319.19 | 347.48 | 352.86 | 773.66 | 1,050.78 | 955.43 | |||||||||||
Operating & Other expenses | 921.79 | 1,141.44 | 1,693.61 | 1,786.63 | 1,811.04 | 1,916.34 | 1,960.39 | 3,156.32 | 3,987.54 | |||||||||||
EBITDA | 558.51 | 1,228.60 | 1,405.63 | 1,210.08 | 1,175.95 | 1,572.71 | 5,261.84 | 3,822.34 | 5,025.69 | 4,881.60 | ||||||||||
Depreciation/Amortization | 316.16 | 325.21 | 320.03 | 351.50 | 425.16 | 402.96 | 759.11 | 723.75 | 878.83 | 942.14 | ||||||||||
PBIT | 242.35 | 903.39 | 1,085.60 | 858.58 | 750.79 | 1,169.75 | 4,502.73 | 3,098.59 | 4,146.86 | 3,939.46 | ||||||||||
Interest & Other Items | 1,029.97 | 787.88 | 566.06 | 636.87 | 585.53 | 480.08 | 343.69 | 324.62 | 554.39 | 600.53 | ||||||||||
PBT | -787.62 | 115.51 | 519.54 | 221.71 | 165.26 | 689.67 | 4,159.04 | 2,773.97 | 3,592.47 | 3,338.93 | ||||||||||
Taxes & Other Items | -231.54 | 33.94 | 176.57 | 79.33 | 93.94 | 270.44 | 1,080.22 | 659.47 | 879.26 | 886.49 | ||||||||||
Net Income | -556.08 | 81.57 | 342.97 | 142.38 | 71.32 | 419.23 | 3,078.82 | 2,114.50 | 2,713.21 | 2,452.44 | ||||||||||
EPS | -24.31 | 2.59 | 7.81 | 2.97 | 1.48 | 8.60 | 60.80 | 31.35 | 32.95 | 29.78 | ||||||||||
DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.50 | 2.00 | 3.00 | ||||||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.06 | 0.10 |
Company Updates
Peers & Comparison
MaterialsIron & Steel
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Jindal Stainless Ltd | 20.49 | 3.87 | 0.30% |
JSW Steel Ltd | 26.67 | 2.94 | 0.95% |
Tata Steel Ltd | -41.78 | 2.01 | 2.42% |
Jindal Steel And Power Ltd | 15.68 | 2.08 | 0.22% |
Price Comparison
Compare JSL with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Jindal Stainless Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
HSBC Value Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7175% | Percentage of the fund’s portfolio invested in the stock 2.82% | Change in the portfolio weight of the stock over the last 3 months -1.15% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 5/76 (-4) |
ICICI PRUDENTIAL MIDCAP FUND - DIRECT PLAN - GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4106% | Percentage of the fund’s portfolio invested in the stock 3.37% | Change in the portfolio weight of the stock over the last 3 months -0.27% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 2/106 (-1) |
ICICI Prudential Commodities Fund - Cumulative - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3929% | Percentage of the fund’s portfolio invested in the stock 8.37% | Change in the portfolio weight of the stock over the last 3 months -0.34% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 2/55 (-1) |
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Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 30, 2024
Dividend/Share
₹2.00
Ex DateEx Date
Aug 30, 2024
Cash Dividend
Ex DateEx DateOct 27, 2023
Dividend/Share
₹1.00
Ex DateEx Date
Oct 27, 2023
Cash Dividend
Ex DateEx DateSep 15, 2023
Dividend/Share
₹1.50
Ex DateEx Date
Sep 15, 2023
Cash Dividend
Ex DateEx DateApr 28, 2023
Dividend/Share
₹1.00
Ex DateEx Date
Apr 28, 2023
Net profit of Jindal Stainless declined 21.05% to Rs 611.31 crore in the quarter ended September 2024 as against Rs 774.33 crore during the previous quarter ended September 2023. Sales declined 0.21% to Rs 9776.83 crore in the quarter ended September 2024 as against Rs 9797.04 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales9776.839797.04 0 OPM %12.1412.56 - PBDT1075.171114.27 -4 PBT834.27892.33 -7 NP611.31774.33 -21 Powered by Capital Market - Live
Jindal Stainless announced that credit rating agency 'CareEdge Ratings' has reaffirmed the rating of Jindal Stainless for Long Term borrowings & Non-Convertible Debentures as 'CARE AA, Stable' and Short Term borrowings as 'CARE A1+'.Powered by Capital Market - Live
Jindal Stainless will hold a meeting of the Board of Directors of the Company on 17 October 2024.Powered by Capital Market - Live
The company supplied 2.2 metric tonnes of JT stainless steel for each container, replacing the traditional carbon steel used in the sidewalls, end walls and roof. In addition, the underframes of containers are also made up of customised stainless steel tubes. These transitions have resulted in a weight reduction of approximately 500 kilograms per container, leading to increased cargo capacity, improved fuel efficiency, and reduced operational costs. Additionally, the containers benefit from enhanced safety and prolonged life owing to the superior impact and fire resistance of JT grade stainless steel. Jindal Stainless, managing director, Abhyuday Jindal, said, 'India's logistics sector, a cornerstone of its booming economy, faces a pressing need for sustainability. Stainless steel solutions in logistics and mobility offer a promising path towards a greener future. The use of JT grade stainless steel not only reduces the weight of containers, improving fuel efficiency, but also ensures a longer lifespan with minimal maintenance, making it a more sustainable solution with the least amount of carbon footprint. Being an inert metal, stainless steel does not react with the materials being transported, thereby ensuring zero contamination. This partnership with CJ Darcl is a part of a larger vision of creating sustainable, cost-effective solutions that benefit both the industry and the environment.' Jindal Stainless is one of the largest stainless steel manufacturers in India, with steel melting capacity of 2.9 MTPA (including 0.8 MTPA in Hisar and 2.2 MTPA in Jajpur). Jindal Stainless reported 13.1% decline in consolidated net profit to Rs 648.06 crore in Q1 FY25 as against Rs 745.81 crore posted in Q1 FY24. Revenue from operations fell 7.4% YoY to Rs 9,429.76 crore in the quarter ended 30 June 2024. The scrip rose 0.19% to Rs 781.90 on the BSE.Powered by Capital Market - Live
J Kumar Infraprojects Ltd, Kirloskar Pneumatic Company Ltd, Genus Power Infrastructures Ltd and Granules India Ltd are among the other losers in the BSE's 'A' group today, 02 September 2024.Jindal Stainless Ltd tumbled 6.30% to Rs 740.3 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 51616 shares were traded on the counter so far as against the average daily volumes of 47827 shares in the past one month.J Kumar Infraprojects Ltd crashed 5.41% to Rs 805.4. The stock was the second biggest loser in 'A' group.On the BSE, 30436 shares were traded on the counter so far as against the average daily volumes of 18070 shares in the past one month.Kirloskar Pneumatic Company Ltd lost 5.16% to Rs 1235.05. The stock was the third biggest loser in 'A' group.On the BSE, 10632 shares were traded on the counter so far as against the average daily volumes of 7172 shares in the past one month.Genus Power Infrastructures Ltd shed 4.99% to Rs 433.15. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.33 lakh shares were traded on the counter so far as against the average daily volumes of 4.11 lakh shares in the past one month.Granules India Ltd dropped 4.98% to Rs 681.85. The stock was the fifth biggest loser in 'A' group.On the BSE, 59129 shares were traded on the counter so far as against the average daily volumes of 68376 shares in the past one month.Powered by Capital Market - Live
Jindal Stainless announced that the Annual General Meeting (AGM) of the company will be held on 10 September 2024.Powered by Capital Market - Live
Jindal Stainless announced that the Annual General Meeting (AGM) of the company will be held on 10 September 2024.Powered by Capital Market - Live
Jindal Stainless Ltd is up for a third straight session today. The stock is quoting at Rs 690, up 1.28% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.45% on the day, quoting at 24237.9. The Sensex is at 79322.94, down 0.41%. Jindal Stainless Ltd has slipped around 12.6% in last one month. Meanwhile, Nifty Metal index of which Jindal Stainless Ltd is a constituent, has slipped around 7.13% in last one month and is currently quoting at 9106.25, down 0.77% on the day. The volume in the stock stood at 5.64 lakh shares today, compared to the daily average of 10.67 lakh shares in last one month.The PE of the stock is 23.22 based on TTM earnings ending June 24.Powered by Capital Market - Live
Jindal Stainless has been accredited by BrahMos Aerospace as a qualified vendor for the manufacturing and supply of steel sheets and plates from its Hisar plant in Haryana. This approval comes after a stringent quality and credentials audit conducted by BrahMos to enlist Jindal Stainless, Hisar, as a supplier for its cruise missiles. This accreditation highlights Jindal Stainless' commitment to excellence and innovation in producing high-quality materials essential for national security. Jindal Stainless, Hisar, will manufacture and supply customised stainless steel and speciality low-alloy steel sheets and plates that meet the technical requirements of BrahMos Aerospace. Previously, Jindal Stainless has supplied materials for key projects under the DRDO and ISRO, including India's lunar mission Chandrayaan, PSLV, GSLV Mk3, nuclear submarine missile system, missile canisters for various missile programmes, and exhaust units in rockets. The company is dedicated to meeting the material requirements of upcoming missile programmes. Powered by Capital Market - Live
Jindal Stainless announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 26 August 2024 .Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 23.28%, vs industry avg of 9.87%
Increasing Market Share
Over the last 5 years, market share increased from 2.58% to 4.91%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 80.3%, vs industry avg of 4.85%