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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Jindal Steel & Power Ltd

About the Company - Jindal Steel & Power Ltd

Jindal Steel & Power Ltd. is a Public Limited Listed company incorporated on 28/09/1979 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L27105HR1979PLC009913 and registration number is 009913. Currently Company is involved in the business activities of Manufacture of structural metal products. Company’s Total Operating Revenue is Rs. 49431.45 Cr. and Equity Capital is Rs. 101.07 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - Sponge IronO.P. Jindal Marg, Hissar Haryana 125005jsplinfo@jindalsteel.com
http://www.jindalsteelpower.com
Management
NamePosition Held
Mrs. Savitri JindalChairman Emeritus
Mr. Naveen JindalChairman
Mr. Bimlendra JhaManaging Director
Mr. Ramaswamy RamkumarWholeTime Director & CFO
Dr. Bhaskar ChatterjeeIndependent Director
Mr. Sunjay KapurIndependent Director
Mrs. Shivani Wazir PasrichIndependent Director
Ms. Kanika AgnihotriIndependent Director
Mr. Damodar MittalWhole Time Director
Mr. Sabyasachi BandyopadhyayWhole Time Director
Mr. Rohit KumarIndependent Director

Jindal Steel & Power Ltd. Share Price Update

Share PriceValue
Today₹761.35
Previous Day₹777.15

Basic Stock Data of Jindal Steel & Power Ltd

Market Cap 80,638 Cr.
Current Price 790
High / Low805/503
Stock P/E14.5
Book Value 407
Dividend Yield0.25 %
ROCE14.2 %
ROE10.6 %
Face Value 1.00

Data Source: screener.in

Competitors of Jindal Steel & Power Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
MSP Steel & Power Ltd 1,158 Cr. 30.033.4/7.4555.4 14.70.00 %1.40 %9.04 % 10.0
Vaswani Industries Ltd 127 Cr. 42.244.9/18.017.9 38.80.00 %12.5 %5.49 % 10.0
Sarda Energy & Minerals Ltd 7,752 Cr. 220265/96.714.3 1040.34 %19.3 %18.7 % 1.00
Ankit Metal & Power Ltd 63.1 Cr. 4.476.11/2.30 73.20.00 %34.2 %% 10.0
Tata Steel Long Products Ltd 3,743 Cr. 830861/556 61.10.00 %%% 10.0
Industry Average40.22 Cr225.3317.5258.360.07%13.48%6.65%8.2

Jindal Steel & Power Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales8,1499,28110,59410,61013,61212,52514,33913,04513,52112,45213,69212,58812,250
Expenses5,7545,3576,3598,5729,0189,21511,2709,60711,59010,07511,5059,9609,965
Operating Profit2,3953,9234,2342,0374,5943,3103,0703,4391,9312,3772,1872,6282,285
OPM %29%42%40%19%34%26%21%26%14%19%16%21%19%
Other Income146318-113498255276866-898-361-1385532
Interest701643576561482472373364365346371329329
Depreciation612608588602610613272596614608873588604
Profit before tax1,2282,9903,0599083,6012,4802,7013,344541,0628051,7671,384
Tax %27%14%30%98%26%25%18%17%-304%51%42%4%-0%
Net Profit8972,5672,139142,6781,8662,2072,7712195184661,6921,390
EPS in Rs8.2022.1019.300.4025.3315.8514.8119.541.965.084.5316.5413.60

Jindal Steel & Power Ltd Quarterly Chart

Jindal Steel & Power Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales18,20919,80719,28619,40119,46921,60333,28646,96637,92334,57951,16653,21250,983
Expenses11,41013,70113,48713,93716,03216,89426,81738,55331,09223,64635,65043,27041,505
Operating Profit6,7996,1065,7995,4643,4374,7096,4698,4126,83110,93315,5159,9429,478
OPM %37%31%30%28%18%22%19%18%18%32%30%19%19%
Other Income310333349-1,399-79-362-584-1,47074313-1,840-539-412
Interest5331,0671,8072,8753,2543,4413,8664,2643,7682,7531,8881,4461,376
Depreciation1,3861,5391,8292,7334,0683,9493,8835,4803,4292,4142,0972,6912,672
Profit before tax5,1893,8332,512-1,543-3,964-3,043-1,864-2,802-2916,0789,6905,2665,019
Tax %23%24%25%6%22%17%13%14%-37%30%30%25%
Net Profit4,0222,9521,896-1,452-3,087-2,538-1,616-2,412-4004,2676,7663,9744,066
EPS in Rs42.4131.1320.88-13.97-32.42-24.93-14.56-17.00-1.0735.6256.4031.1139.75
Dividend Payout %4%5%7%0%0%0%0%0%0%0%5%6%

Jindal Steel & Power Ltd Profit & Loss Yearly Chart

Jindal Steel & Power Ltd Growth

Compounded Sales Growth
10 Years:10%
5 Years:10%
3 Years:12%
TTM:-6%
Compounded Profit Growth
10 Years:3%
5 Years:45%
3 Years:279%
TTM:26%
Stock Price CAGR
10 Years:12%
5 Years:43%
3 Years:36%
1 Year:32%
Return on Equity
10 Years:3%
5 Years:8%
3 Years:13%
Last Year:11%

Jindal Steel & Power Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital9393919191929797102102101100100
Reserves18,01821,15922,51920,95132,34529,95930,28331,98332,03531,71335,52438,60641,401
Borrowings17,09124,61836,36845,50146,79745,85042,96239,55936,82429,91013,50213,04613,467
Other Liabilities9,80611,2029,9358,99413,16614,67415,88917,36220,78016,11627,51717,67417,243
Total Liabilities45,00857,07368,91375,53792,39890,57589,23089,00189,74277,84076,64469,42772,212
Fixed Assets16,58619,42934,98946,64365,03865,93268,45069,03969,38154,34945,48843,54243,725
CWIP13,65219,23017,8119,07311,8279,7164,9784,0273,1261,7122,5387,87010,504
Investments3788093421,7853923681461501811,1564709071,924
Other Assets14,39217,60515,77118,03515,14214,55915,65715,78417,05520,62428,14717,10816,059
Total Assets45,00857,07368,91375,53792,39890,57589,23089,00189,74277,84076,64469,42772,212

Jindal Steel & Power Ltd Reserves and Borrowings Chart

Jindal Steel & Power Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3,9223,5224,5801,1824,3336,8507,7249,0278,81411,96116,0487,276
Cash from Investing Activity -6,171-9,591-12,694-6,717-2,262-1,998-1,431-832-1,476-1,884-2,331-4,018
Cash from Financing Activity 2,2356,1118,8795,708-2,672-5,108-6,276-8,261-7,016-4,612-15,120-2,500
Net Cash Flow-1343766173-601-25617-673225,465-1,403757

Jindal Steel & Power Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2636343227292024343097
Inventory Days24626828431418118519114620719613087
Days Payable86831511331291501621171811339469
Cash Conversion Cycle1862221662137964505360924524
Working Capital Days5298519463-167-21-523131-2
ROCE %18%12%8%5%-1%1%3%4%5%14%24%14%

Jindal Steel & Power Ltd Financial Efficiency Indicators Chart

Jindal Steel & Power Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters60.47%60.47%60.47%60.47%60.44%60.45%60.44%61.20%61.21%61.21%61.21%61.21%
FIIs11.52%10.99%10.54%9.93%8.93%9.70%10.65%11.02%13.13%13.42%12.71%12.23%
DIIs14.96%16.49%14.50%14.96%16.71%17.34%15.75%14.87%14.17%13.90%14.74%15.22%
Government0.43%0.43%0.73%0.73%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public12.62%11.62%13.76%13.91%13.92%12.51%12.13%11.42%10.02%9.99%9.86%9.88%
Others0.00%0.00%0.00%0.00%0.00%0.00%1.02%1.48%1.48%1.48%1.48%1.48%
No. of Shareholders1,74,5971,76,1062,70,1353,04,8022,99,9542,56,0463,01,8302,72,3332,36,4382,35,4732,30,7742,38,054

Jindal Steel & Power Ltd Shareholding Pattern Chart

No. of Jindal Steel & Power Ltd Shareholders

Jindal Steel & Power Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Mid-Cap Opportunities Fund - Regular Plan149829331.98949.62
Quant Tax Plan35920004.29240.95
SBI Large & Midcap Fund28494121.11191.14
SBI Arbitrage Opportunities Fund27775000.78186.31
Bandhan Sterling Value Fund29000002.75183.8
Nippon India ELSS Tax Saver Fund26500001.36177.76
ICICI Prudential MidCap Fund21792273.25138.12
Nippon India Growth Fund19426680.61130.31
ICICI Prudential Equity - Arbitrage Fund19037500.79120.66
HDFC Large and Mid Cap Fund - Regular Plan16000000.85101.41

Jindal Steel & Power Ltd ROCE Trend

Jindal Steel & Power Ltd EPS Trend

Jindal Steel & Power Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)31.5456.4035.63-1.08-17.00
Diluted EPS (Rs.)31.5456.4035.63-1.08-17.00
Cash EPS (Rs.)66.3287.6975.6934.0031.71
Book Value[Excl.RevalReserv]/Share (Rs.)388.25367.02303.30307.46331.44
Book Value[Incl.RevalReserv]/Share (Rs.)388.25367.02303.30307.46331.44
Revenue From Operations / Share (Rs.)524.49505.45382.24361.94406.78
PBDIT / Share (Rs.)99.42153.99146.8977.2687.01
PBIT / Share (Rs.)72.65133.24113.0439.3430.38
PBT / Share (Rs.)44.63110.5571.53-2.41-28.95
Net Profit / Share (Rs.)39.5466.9441.83-3.92-24.91
NP After MI And SOA / Share (Rs.)31.5856.9235.62-1.07-17.00
PBDIT Margin (%)18.9530.4638.4221.3421.38
PBIT Margin (%)13.8526.3629.5710.867.46
PBT Margin (%)8.5021.8718.71-0.66-7.11
Net Profit Margin (%)7.5313.2410.94-1.08-6.12
NP After MI And SOA Margin (%)6.0211.269.31-0.29-4.17
Return on Networth / Equity (%)8.1916.1411.42-0.33-5.08
Return on Capital Employeed (%)13.5324.9619.686.034.31
Return On Assets (%)4.577.504.66-0.12-1.83
Long Term Debt / Equity (X)0.180.230.630.860.92
Total Debt / Equity (X)0.320.360.670.951.07
Asset Turnover Ratio (%)0.710.640.410.350.37
Current Ratio (X)0.991.171.050.680.66
Quick Ratio (X)0.610.850.740.410.36
Inventory Turnover Ratio (X)3.552.931.602.062.69
Dividend Payout Ratio (NP) (%)6.331.770.000.000.00
Dividend Payout Ratio (CP) (%)3.421.290.000.000.00
Earning Retention Ratio (%)93.6798.230.000.000.00
Cash Earning Retention Ratio (%)96.5898.710.000.000.00
Interest Coverage Ratio (X)6.918.244.841.901.97
Interest Coverage Ratio (Post Tax) (X)4.165.583.160.930.78
Enterprise Value (Cr.)62919.0764559.5849593.9837377.1351422.06
EV / Net Operating Revenue (X)1.191.261.271.011.31
EV / EBITDA (X)6.304.153.314.746.11
MarketCap / Net Operating Revenue (X)1.041.050.890.220.44
Retention Ratios (%)93.6698.220.000.000.00
Price / BV (X)1.421.511.100.260.53
Price / Net Operating Revenue (X)1.041.050.890.220.44
EarningsYield0.050.100.10-0.01-0.09

Jindal Steel & Power Ltd Profitability Ratios (%)

Jindal Steel & Power Ltd Liquidity Ratios

Jindal Steel & Power Ltd Liquidity Ratios (%)

Jindal Steel & Power Ltd Interest Coverage Ratios (%)

Jindal Steel & Power Ltd Valuation Ratios

Fair Value of Jindal Steel & Power Ltd Stock

Fair Value: ₹627.12

The stock is overvalued by 20.62% compared to the current price ₹790

*Investments are subject to market risks

Strength and Weakness of Jindal Steel & Power Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 28.00, which is a positive sign.
  1. The stock is trading at a high valuation with an average P/B ratio of 77.73 and average Dividend Yield of 17.62%.
  2. The stock has a low average ROCE of 8.92%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 104.50, which may not be favorable.
  4. The company has higher borrowings (31,191.92) compared to reserves (29,730.46), which may suggest financial risk.
  5. The company has not shown consistent growth in sales (32.23) and profit (-20.46).

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 Steel & Power 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