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Jindal Stainless Ltd

JSL

Jindal Stainless Ltd

JSL
MaterialsIron & Steel
MidcapWith a market cap of ₹55,593 cr, stock is ranked 160
Moderate RiskStock is 3.00x as volatile as Nifty
682.251.03% (+6.95)
682.251.03% (+6.95)

Price Chart

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1M
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Max
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MaterialsIron & Steel
MidcapWith a market cap of ₹55,593 cr, stock is ranked 160
Moderate RiskStock is 3.00x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

MaterialsIron & Steel
MidcapWith a market cap of ₹55,593 cr, stock is ranked 160
Moderate RiskStock is 3.00x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
22.673.870.30%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
31.143.511.31%

Forecast & Ratings

Detailed Forecast 
89%
Analysts have suggested that investors can buy this stock

from 9 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

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.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 23.28%, vs industry avg of 9.87%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 2.58% to 4.91%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 80.3%, vs industry avg of 4.85%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue7,129.399,348.9111,738.1313,653.1313,037.3312,348.5532,904.0135,933.2838,883.8737,993.19
Raw Materialssubtract4,681.505,939.347,360.509,392.948,705.727,695.1422,611.5125,326.3126,051.5833,111.59
Power & Fuel Costsubtract541.94565.02690.42732.38792.61633.631,742.512,038.232,220.64
Employee Costsubtract134.34154.05196.28211.91204.53177.87554.10539.30642.99
Selling & Administrative Expensessubtract291.31320.46391.69319.19347.48352.86773.661,050.78955.43
Operating & Other expensessubtract921.791,141.441,693.611,786.631,811.041,916.341,960.393,156.323,987.54
Depreciation/Amortizationsubtract316.16325.21320.03351.50425.16402.96759.11723.75878.83942.14
Interest & Other Itemssubtract1,029.97787.88566.06636.87585.53480.08343.69324.62554.39600.53
Taxes & Other Itemssubtract-231.5433.94176.5779.3393.94270.441,080.22659.47879.26886.49
EPS-24.312.597.812.971.488.6060.8031.3532.9529.78
DPS0.000.000.000.000.000.000.002.502.003.00
Payout ratio0.000.000.000.000.000.000.000.080.060.10

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 5PDF
FY 2023

Annual report

PDF

Investor Presentation

May 17PDF
May 17PDF
Feb 7PDF
+4 more
FY 2024

Annual report

PDF

Investor Presentation

Sep 18PDF
Aug 8PDF
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsIron & Steel

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Jindal Stainless Ltd20.493.870.30%
JSW Steel Ltd26.672.940.95%
Tata Steel Ltd-41.782.012.42%
Jindal Steel And Power Ltd15.682.080.22%

Price Comparison

Compare JSL with any stock or ETF
Compare JSL with any stock or ETF
JSL
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding60.49%3.65%2.22%22.78%10.86%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep23.10%23.97%22.56%20.83%22.49%22.78%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HSBC Value Fund - Growth - Direct Plan

Growth
0.7175%2.82%-1.15%5/76 (-4)
ICICI PRUDENTIAL MIDCAP FUND - DIRECT PLAN - GROWTH

Growth
0.4106%3.37%-0.27%2/106 (-1)
ICICI Prudential Commodities Fund - Cumulative - Direct Plan

Growth
0.3929%8.37%-0.34%2/55 (-1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Jindal Stainless Ltd

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

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Aug 30, 2024

Cash Dividend

Ex DateEx DateOct 27, 2023

Interim
Interim | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Oct 27, 2023

Cash Dividend

Ex DateEx DateSep 15, 2023

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Sep 15, 2023

Cash Dividend

Ex DateEx DateApr 28, 2023

Special
Special | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Apr 28, 2023

News & Opinions
Earnings
Jindal Stainless consolidated net profit declines 21.05% in the September 2024 quarter

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

2 weeks agoCapital Market - Live
Corporate
Jindal Stainless receives affirmation in credit ratings from CARE

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

3 weeks agoCapital Market - Live
Corporate
Jindal Stainless schedules board meeting

Jindal Stainless will hold a meeting of the Board of Directors of the Company on 17 October 2024.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Jindal Stainless join hands with CJ Darcl Logistics

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

1 month agoCapital Market - Live
Spotlight
Jindal Stainless Ltd leads losers in 'A' group

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

1 month agoCapital Market - Live
Corporate
Jindal Stainless schedules AGM

Jindal Stainless announced that the Annual General Meeting (AGM) of the company will be held on 10 September 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Jindal Stainless to convene AGM

Jindal Stainless announced that the Annual General Meeting (AGM) of the company will be held on 10 September 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Jindal Stainless Ltd up for third consecutive session

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

2 months agoCapital Market - Live
Corporate
Jindal Stainless receives qualified vendor accreditation from BrahMos Aerospace

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

2 months agoCapital Market - Live
Corporate
Jindal Stainless to hold EGM

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

2 months agoCapital Market - Live