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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Jindal Stainless Ltd

About the Company - Jindal Stainless Ltd

Jindal Stainless Ltd. is a Public Limited Listed company incorporated on 29/09/1980 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L26922HR1980PLC010901 and registration number is 010901. Currently Company is involved in the business activities of Manufacture of basic iron and steel. Company’s Total Operating Revenue is Rs. 20311.94 Cr. and Equity Capital is Rs. 105.10 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - Alloys/SpecialO P Jindal Marg, Hissar Haryana 125005investorcare@jindalstainless.com
http://www.jslstainless.com
Management
NamePosition Held
Mrs. Savitri Devi JindalChairperson Emeritus
Mr. Ratan JindalChairman & Managing Director
Mr. Abhyuday JindalManaging Director
Mr. Tarun Kumar KhulbeWhole Time Director
Mr. Jagmohan SoodWhole Time Director
Mr. Anurag MantriExecutive Director & Group CFO
Mrs. Arti LuniyaIndependent Director
Mr. Jayaram EaswaranIndependent Director
Dr. Rajeev UberoiIndependent Director
Dr. Aarti GuptaIndependent Director
Mr. Ajay MankotiaIndependent Director
Mrs. Shruti ShrivastavaIndependent Director
Mr. Praveen Kumar MalhotraNon Exe. & Nominee Director

Basic Stock Data of Jindal Stainless Ltd

Last Updated: June 17, 2024, 8:28 pm

Market Cap 66,896 Cr.
Current Price 812
High / Low841/317
Stock P/E25.5
Book Value 174
Dividend Yield0.18 %
ROCE22.3 %
ROE19.9 %
Face Value 2.00
PEG Ratio0.28

Jindal Stainless Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales3,5853,9144,0335,0275,6709,7268,1198,7519,0629,76510,1849,7979,127
Expenses3,1113,3713,4324,2794,8738,3147,2298,0668,1948,6218,9928,5667,881
Operating Profit4735426017487971,4128896858681,1441,1921,2311,246
OPM %13%14%15%15%14%15%11%8%10%12%12%13%14%
Other Income228534414347503574787614052
Interest121978582938279877683100156146
Depreciation10197949393184179182181181188222236
Profit before tax2744344566146541,193682450685957981993917
Tax %38%33%33%33%32%25%26%23%25%25%25%23%25%
Net Profit170293306412442895508347513716738764691
EPS in Rs3.495.946.218.088.6416.709.486.729.479.309.069.408.41

Last Updated: June 14, 2024, 6:43 pm

Jindal Stainless Ltd Quarterly Chart

Jindal Stainless Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8,68111,24412,8106,9337,1449,27911,63813,55712,95112,18832,73335,69738,809
Expenses7,73310,53611,8006,5646,5718,11310,29412,39211,81910,76427,64232,11134,373
Operating Profit9487091,0103685731,1661,3431,1651,1321,4245,0903,5864,435
OPM %11%6%8%5%8%13%12%9%9%12%16%10%11%
Other Income-174-149-3741,238-1463624544148171236367
Interest5701,0431,2959421,030788566637586480344325414
Depreciation448740728411316325320352425403759724773
Profit before tax-245-1,224-1,387253-7881165202221656904,1592,7743,616
Tax %26%31%1%0%29%28%34%35%56%39%25%25%
Net Profit-183-842-1,367253-55683346145734193,1092,0842,731
EPS in Rs-9.49-41.19-63.5211.17-24.052.047.162.971.468.6058.5925.6837.23
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%10%

Jindal Stainless Ltd Profit & Loss Yearly Chart

Jindal Stainless Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:23%
3 Years:47%
TTM:8%
Compounded Profit Growth
10 Years:17%
5 Years:79%
3 Years:94%
TTM:26%
Stock Price CAGR
10 Years:43%
5 Years:90%
3 Years:104%
1 Year:148%
Return on Equity
10 Years:%
5 Years:23%
3 Years:25%
Last Year:20%

Last Updated: June 17, 2024, 2:58 pm

Jindal Stainless Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital38414345468096969797105165165
Reserves2,0451,29916-2141,6661,7342,3692,4952,6203,1089,71811,76613,079
Preference Capital0031006066950000
Borrowings10,67411,60111,92411,28810,3475,8884,4083,6933,9033,2304,0073,9585,714
Other Liabilities3,7324,3094,4492,8992,7983,2083,9614,4314,0574,3008,74611,25110,131
Total Liabilities16,49017,25016,43114,01814,85810,90910,83410,71510,67810,73522,57627,14029,089
Fixed Assets10,10710,1579,7807,5526,8636,6096,3426,3456,1815,8558,6469,96113,191
CWIP4891611571447029144291558525773979
Investments19221814393404439454449456626970963
Other Assets5,8756,9106,4766,3087,5323,8683,9093,8874,0334,36512,77915,43613,957
Total Assets16,49017,25016,43114,01814,85810,90910,83410,71510,67810,73522,57627,14029,089

Jindal Stainless Ltd Reserves and Borrowings Chart

Jindal Stainless Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3352829585549665,1151,4521,4191,1801,3081,0383,096
Cash from Investing Activity -861-74-136-11,053-30-194-192-186-152-985-2,480
Cash from Financing Activity 383-282-891-580-1,972-5,106-1,257-1,237-991-1,119101-386
Net Cash Flow-144-73-69-2847-211-11437154229

Jindal Stainless Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days646348574835282520284337
Inventory Days19917515814715413311696117130116125
Days Payable1341461251041431191049911312398117
Cash Conversion Cycle12991811015950412223356146
Working Capital Days6280511731951131-6154841
ROCE %5%0%3%-0%2%9%14%12%11%16%44%21%

Jindal Stainless Ltd Financial Efficiency Indicators Chart

Jindal Stainless Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters68.12%68.60%68.60%69.87%70.10%70.09%70.09%57.95%57.95%57.94%58.68%60.49%
FIIs14.76%14.33%15.01%15.10%13.77%12.71%13.05%21.92%22.20%23.37%22.56%20.83%
DIIs6.01%6.64%7.21%6.31%5.86%6.48%7.21%6.15%6.01%5.42%5.81%6.62%
Public11.11%10.43%9.18%8.72%10.27%10.71%9.64%13.99%13.85%13.26%12.94%12.06%
No. of Shareholders78,4711,02,9361,01,6001,10,2681,31,1741,31,2441,14,6521,46,5811,39,3651,52,7091,66,1831,87,726

Jindal Stainless Ltd Shareholding Pattern Chart

No. of Jindal Stainless Ltd Shareholders

Jindal Stainless Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HSBC Value Fund7,379,6293.52326.59648,3412024-06-171038.23%
Quant Small Cap Fund3,175,0261.48140.51648,3412024-06-17389.72%
ICICI Prudential MidCap Fund2,464,7762.57109.08648,3412024-06-17280.17%
Quant Tax Plan1,839,9251.6481.43648,3412024-06-17183.79%
ITI Small Cap Fund924,3662.4840.91648,3412024-06-1742.57%
Mahindra Manulife Small Cap Fund648,3411.2828.69648,3412024-06-170%
Bandhan Core Equity Fund549,7520.8424.33648,3412024-06-17-15.21%
Bank of India Mid & Small Cap Equity & Debt Fund537,0004.8323.76648,3412024-06-17-17.17%
HSBC Midcap Fund530,0000.2923.46648,3412024-06-17-18.25%
SBI Magnum Comma Fund515,0004.9622.79648,3412024-06-17-20.57%

Jindal Stainless Ltd ROCE Trend

Jindal Stainless Ltd EPS Trend

Jindal Stainless Ltd Key Financial Ratios

MonthMar 22Mar 21Mar 20Mar 19Mar 18
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)82.3329.4016.6516.1624.50
Diluted EPS (Rs.)82.3329.4016.6516.1624.50
Cash EPS (Rs.)70.0435.6128.3726.8630.71
Book Value[Excl.RevalReserv]/Share (Rs.)209.40127.0697.3080.5463.83
Book Value[Incl.RevalReserv]/Share (Rs.)209.40127.0697.3080.5463.83
Revenue From Operations / Share (Rs.)636.21398.40397.50436.06438.95
PBDIT / Share (Rs.)96.3152.3145.2748.3557.08
PBIT / Share (Rs.)85.7140.0032.7836.0945.03
PBT / Share (Rs.)80.1431.1219.9521.9628.56
Net Profit / Share (Rs.)59.4523.3015.8914.6018.66
NP After MI And SOA / Share (Rs.)82.3329.4016.6516.1624.50
PBDIT Margin (%)15.1313.1211.3811.0813.00
PBIT Margin (%)13.4710.048.248.2710.25
PBT Margin (%)12.597.815.015.036.50
Net Profit Margin (%)9.345.843.993.344.25
NP After MI And SOA Margin (%)12.947.384.183.705.58
Return on Networth / Equity (%)39.5623.3417.2920.5839.20
Return on Capital Employeed (%)32.6721.9218.4021.4227.47
Return On Assets (%)19.669.845.965.878.54
Long Term Debt / Equity (X)0.240.420.801.061.53
Total Debt / Equity (X)0.370.480.901.181.88
Asset Turnover Ratio (%)1.801.331.361.431.44
Current Ratio (X)1.721.091.161.050.99
Quick Ratio (X)1.000.490.500.460.41
Inventory Turnover Ratio (X)4.793.573.753.883.48
Interest Coverage Ratio (X)17.314.923.313.113.30
Interest Coverage Ratio (Post Tax) (X)11.693.032.101.852.03
Enterprise Value (Cr.)10950.714410.952977.294410.476504.96
EV / Net Operating Revenue (X)0.720.460.310.420.62
EV / EBITDA (X)4.823.572.793.874.83
MarketCap / Net Operating Revenue (X)0.600.310.100.210.35
Price / BV (X)1.860.990.411.192.52
Price / Net Operating Revenue (X)0.600.310.100.210.35
EarningsYield0.210.230.410.170.15

Jindal Stainless Ltd Profitability Ratios (%)

Jindal Stainless Ltd Liquidity Ratios

Jindal Stainless Ltd Liquidity Ratios (%)

Jindal Stainless Ltd Interest Coverage Ratios (%)

Jindal Stainless Ltd Valuation Ratios

Fair Value

Fair Value: 884.55

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 8.94% compared to the current price 812

Intrinsic Value: 1,690.56

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 108.20% compared to the current price ₹812

Last 5 Year EPS CAGR: 91.12%

*Investments are subject to market risks

Strength and Weakness of Jindal Stainless Ltd Stock

StrengthWeakness
  1. The company has higher reserves (3,977.00 cr) compared to borrowings (100.38 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (15.85 cr) and profit (72.31 cr) over the years.
  1. The stock has a low average ROCE of 11.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 56.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 61.58, which may not be favorable.

FAQ

What is the latest fair value of Jindal Stainless Ltd?

The latest fair value of Jindal Stainless Ltd is ₹884.55.

What is the Market Cap of Jindal Stainless Ltd?

The Market Cap of Jindal Stainless Ltd is 66,896 Cr..

What is the current Stock Price of Jindal Stainless Ltd as on 20 June 2024?

The current stock price of Jindal Stainless Ltd as on 20 June 2024 is ₹812.

What is the High / Low of Jindal Stainless Ltd stocks in FY 2024?

In FY 2024, the High / Low of Jindal Stainless Ltd stocks is 841/317.

What is the Stock P/E of Jindal Stainless Ltd?

The Stock P/E of Jindal Stainless Ltd is 25.5.

What is the Book Value of Jindal Stainless Ltd?

The Book Value of Jindal Stainless Ltd is 174.

What is the Dividend Yield of Jindal Stainless Ltd?

The Dividend Yield of Jindal Stainless Ltd is 0.18 %.

What is the ROCE of Jindal Stainless Ltd?

The ROCE of Jindal Stainless Ltd is 22.3 %.

What is the ROE of Jindal Stainless Ltd?

The ROE of Jindal Stainless Ltd is 19.9 %.

What is the Face Value of Jindal Stainless Ltd?

The Face Value of Jindal Stainless Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Jindal Stainless Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE