Is Jindal Steel & Power a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Jindal Steel & Power Ltd is a average quality company .

Is Jindal Steel & Power undervalued or overvalued?

The key valuation ratios of Jindal Steel & Power Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Jindal Steel & Power share price return in the past 10 years?

Jindal Steel & Power Ltd share price has appreciated 12.4% annually (CAGR) over the past ten years.

Is Jindal Steel & Power a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Jindal Steel & Power Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Jindal Steel & Power Ltd - Stock Valuation and Financial Performance

Name: Jindal Steel & Power
Brand: Jindal Steel & Power

BSE: 532286 | NSE: JINDALSTEL | Steel/Sponge Iron/Pig Iron | Large Cap

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Jindal Steel & Power Share Price

₹903 9.10 1.02%
as on 16-Apr'24 16:01

10 Year X-Ray of Jindal Steel & Power:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	6%	3.6%	-0.7%	0.8%	2.6%	3.3%	3.5%	11%	17.8%	10.1%	-
Value Creation Index ⓘ	-0.5	-0.7	-1.1	-0.9	-0.8	-0.8	-0.7	0.0	0.6	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	19,286	19,359	18,371	21,051	27,383	39,372	30,465	38,989	51,086	52,711	50,232
Sales YoY Gr.	-	0.4%	-5.1%	14.6%	30.1%	43.8%	-22.6%	28%	31%	3.2%	-
Adj EPS ⓘ	20.9	3	-32.1	-21.8	-9.3	-6.6	-2.4	47.2	82.4	39	53.6
YoY Gr.	-	-85.8%	-1181.5%	NA	NA	NA	NA	NA	74.4%	-52.6%	-
BVPS (₹) ⓘ	246	229.7	354.4	328.2	313.7	331	315.1	311.9	352.5	385.1	425.8
Adj Net Profit ⓘ	1,907	271	-2,939	-1,993	-897	-642	-249	4,818	8,402	3,982	5,466
Cash Flow from Ops. ⓘ	4,580	1,182	4,333	6,850	7,724	9,027	8,814	11,961	16,048	7,276	-
Debt/CF from Ops. ⓘ	7.9	38.7	10.8	6.7	5.6	4.4	4.2	2.5	0.8	1.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.8%	14%	20.1%	3.2%
Adj EPS ⓘ	7.2%	NA	NA	-52.6%
BVPSⓘ	5.1%	4.2%	6.9%	9.3%
Share Price	12.4%	36.7%	29.7%	61.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	8.7	1.2	-11	-6.4	-3	-2.1	-0.8	15.1	24.9	10.7	13.2
Op. Profit Mgn % ⓘ	29.9	29.9	18.5	22.6	24.2	21.2	22.5	36.8	29.9	18.6	19.8
Net Profit Mgn % ⓘ	9.8	0.5	-16.7	-10.7	-4.1	-3.6	-1.8	14	18.4	7.6	10.9
Debt to Equity ⓘ	1.6	2.2	1.4	1.5	1.4	1.2	1.2	0.9	0.4	0.3	-
Working Cap Days ⓘ	220	215	238	221	196	130	161	115	74	75	53
Cash Conv. Cycle ⓘ	48	49	44	29	29	17	10	-2	-3	-6	1

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 20.05%

Debt to equity has declined versus last 3 years average to 0.32

Return on Equity has declined versus last 3 years average to 13.20%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -5.86%

Latest Financials - Jindal Steel & Power Ltd.

	Standalone	Consolidated
TTM EPS (₹)	46.9	53.6
TTM Sales (₹ Cr.)	49,301	50,232
BVPS (₹.) ⓘ	434.7	425.8
Reserves (₹ Cr.) ⓘ	44,238	43,329
P/BV ⓘ	2.07	2.12
PE ⓘ	19.24	16.83

From the Market
52 Week Low / High (₹)	503.00 / 926.80
All Time Low / High (₹)	1.85 / 926.80
Market Cap (₹ Cr.)	91,976
Equity (₹ Cr.)	102
Face Value (₹)	1
Industry PE ⓘ	21.8

Management X-Ray of Jindal Steel & Power:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

40.10

39.98

47.21

40.84

39.16

36.43

34.26

13.25

12.92

13.11

* Pledged shares as % of Promoter's holding (%)

Valuation of Jindal Steel & Power

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Analyst's Notes

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Key Ratios of Jindal Steel & Power

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	19,286	19,359	18,371	21,051	27,383	39,372	30,465	38,989	51,086	52,711
Operating Expenses ⓘ	13,550	13,919	14,977	16,341	20,914	31,018	23,650	24,648	35,804	42,930
Manufacturing Costs	4,376	5,049	6,066	6,614	8,290	11,452	9,334	9,333	10,401	13,372
Material Costs	6,278	5,474	6,545	7,083	9,461	16,235	11,213	10,722	20,502	24,698
Employee Cost	788	1,090	947	914	956	1,072	913	900	871	1,134
Other Costs ⓘ	2,108	2,306	1,419	1,731	2,208	2,260	2,189	3,694	4,030	3,726
Operating Profit ⓘ	5,736	5,440	3,394	4,709	6,469	8,354	6,815	14,340	15,282	9,781
Operating Profit Margin (%)	29.7%	28.1%	18.5%	22.4%	23.6%	21.2%	22.4%	36.8%	29.9%	18.6%
Other Income ⓘ	412	536	451	311	197	172	84	754	401	381
Interest ⓘ	1,807	2,875	3,506	3,742	4,060	4,368	3,826	3,204	2,006	1,616
Depreciation ⓘ	1,829	2,733	4,068	3,949	3,883	5,480	3,429	3,453	2,097	2,691
Exceptional Items ⓘ	0	-1,912	-236	-372	-587	-1,478	-109	-1,141	-1,646	-1,369
Profit Before Tax ⓘ	2,512	-1,543	-3,964	-3,043	-1,864	-2,802	-465	7,296	9,933	4,485
Tax ⓘ	618	-88	-877	-503	-240	-390	108	1,769	1,648	1,292
Profit After Tax	1,894	-1,455	-3,086	-2,540	-1,624	-2,412	-574	5,527	8,285	3,193
PAT Margin (%)	9.8%	-7.5%	-16.8%	-12.1%	-5.9%	-6.1%	-1.9%	14.2%	16.2%	6.1%
Adjusted EPS (₹)	20.9	-14.0	-32.4	-24.9	-14.6	-17.0	-1.1	35.6	61.7	39.1
Dividend Payout Ratio (%)	7%	0%	0%	0%	0%	0%	0%	0%	5%	5%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	22,509	21,019	32,419	30,033	30,363	32,038	32,136	31,814	35,625	38,707
Share Capital ⓘ	91	91	91	92	97	97	102	102	101	101
Reserves ⓘ	22,417	20,927	32,328	29,942	30,266	31,941	32,034	31,712	35,524	38,606
Minority Interest	1080	857	900	647	440	-526	-776	-878	1471	313
Debt	34,230	42,466	44,132	39,958	39,199	34,766	30,675	21,551	10,388	9,098
Long Term Debt	25,900	35,614	36,354	32,598	32,956	29,940	27,897	20,230	8,434	7,208
Short Term Debt	8,330	6,852	7,778	7,360	6,243	4,826	2,779	1,321	1,954	1,891
Trade Payables	2,602	2,053	2,318	2,915	4,190	5,204	5,567	4,038	5,252	4,700
Others Liabilities ⓘ	8,493	9,141	16,175	20,568	18,495	20,488	25,068	21,625	26,534	21,921
Total Liabilities ⓘ	68,913	75,537	95,943	94,121	92,687	91,970	92,670	78,152	79,270	74,738
Fixed Assets
Gross Block	47,258	61,772	73,596	78,846	85,242	91,512	95,426	82,637	67,788	68,655
Accumulated Depreciation	12,269	15,129	8,557	12,946	16,798	22,478	26,044	28,287	22,301	24,720
Net Fixed Assetsⓘ	34,989	46,643	65,039	65,900	68,444	69,034	69,382	54,350	45,488	43,935
CWIP ⓘ	16,169	7,766	11,827	9,716	4,978	4,027	3,126	1,712	2,538	7,870
Investmentsⓘ	342	1,785	359	368	146	150	181	1,156	470	907
Inventories	4,881	4,849	3,254	3,599	4,960	6,510	6,369	5,943	7,281	5,887
Trade Receivables	1,772	1,691	1,429	1,717	1,826	3,029	3,549	2,794	1,264	974
Cash Equivalents	1,015	1,139	620	477	468	422	906	6,152	3,669	4,717
Others Assetsⓘ	9,745	11,663	13,415	12,343	11,866	8,799	9,158	6,046	18,559	10,449
Total Assets ⓘ	68,913	75,537	95,943	94,121	92,687	91,970	92,670	78,152	79,270	74,738

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	4,580	1,182	4,333	6,850	7,724	9,027	8,814	11,961	16,048	7,276
PBT ⓘ	2,512	-1,543	-3,964	-3,043	-1,864	-2,802	-465	7,296	12,158	4,485
Adjustment ⓘ	3,015	4,864	6,930	7,602	8,618	11,349	7,373	7,298	5,841	4,987
Changes in Working Capital ⓘ	-113	-1800	1383	2246	1025	450	1820	-2685	10	508
Tax Paid ⓘ	-834	-339	-17	45	-55	30	86	52	-1,960	-2,705
Cash Flow From Investing Activity ⓘ	-12,694	-6,717	-2,262	-1,999	-1,431	-832	-1,476	-1,884	-2,331	-4,019
Capex	-13,401	-5,050	-3,853	-2,354	-1,622	-1,190	-1,506	-837	-2,872	-6,402
Net Investments	575	-1,357	1,496	1	303	-16	-125	-1,031	378	-697
Others ⓘ	132	-310	95	354	-113	373	156	-16	163	3,080
Cash Flow From Financing Activityⓘ	8,879	5,708	-2,672	-5,108	-6,276	-8,261	-7,016	-4,612	-15,120	-2,500
Net Proceeds from Shares ⓘ	0	0	0	0	1,220	0	8	0	2	0
Net Proceeds from Borrowing ⓘ	0	0	-873	-504	-2,193	-2,273	-1,633	-1,081	-12,791	-401
Interest Paid ⓘ	-2,178	-3,460	-3,594	-4,140	-4,684	-4,570	-3,627	-2,273	-2,606	-1,539
Dividend Paid ⓘ	-149	-145	-1	0	0	0	0	0	-98	-205
Others ⓘ	11,206	9,313	1,796	-465	-618	-1,419	-1,764	-1,258	375	-356
Net Cash Flow ⓘ	766	173	-601	-257	17	-67	322	5,465	-1,403	757

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	8.66	-6.68	-11.55	-8.13	-5.38	-7.73	-1.79	17.28	24.57	8.59
ROCE (%)	8.24	2.12	-0.63	0.9	2.94	2.16	4.78	16.14	21.79	12.25
Asset Turnover Ratio	0.42	0.37	0.31	0.31	0.36	0.55	0.45	0.62	0.96	1.07
PAT to CFO Conversion(x)	2.42	N/A	N/A	N/A	N/A	N/A	N/A	2.16	1.94	2.28
Working Capital Days
Receivable Days	25	24	21	20	19	17	29	22	10	5
Inventory Days	64	66	55	43	47	41	56	42	32	29
Payable Days	93	115	87	92	95	90	175	164	83	74

Jindal Steel & Power Ltd Stock News

Jindal Steel & Power Ltd FAQs

What is the share price of Jindal Steel & Power?

Company share prices are keep on changing according to the market conditions. The closing price of Jindal Steel & Power on 16-Apr-2024 16:01 is ₹903.0.

What is the market cap of Jindal Steel & Power?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2024 16:01 the market cap of Jindal Steel & Power stood at ₹91,976.2.

What is the P/E ratio of Jindal Steel & Power?

The latest P/E ratio of Jindal Steel & Power as of 16-Apr-2024 16:01 is 19.24.

What is the P/B ratio of Jindal Steel & Power?

The latest P/B ratio of Jindal Steel & Power as of 16-Apr-2024 16:01 is 2.07.

What is the 52-week high and low of Jindal Steel & Power?

The 52-week high of Jindal Steel & Power is ₹926.8 and the 52-week low is ₹503.0.

What is the TTM revenue of Jindal Steel & Power?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jindal Steel & Power is ₹49,301 ( Cr.) .

About Jindal Steel & Power Ltd

Led by Mr Naveen Jindal, the youngest son of the legendary Shri O.P. Jindal, Jindal Steel & Power Ltd. (JSPL) produces economical and efficient steel and power through backward and forward integration. JSPL’s business operations span across the various states in India, where it operates some of India’s most advanced steel manufacturing and power generation capacities of global scale. The company has a well-spread out installed finished steel capacity prudently spread over Bar Mills, Plate Mills, Rail and Universal Beam Mill (RUBM), Medium & Light Structural Mill (MLSM), and Wire Rod Mill. Jindal Steel & Power Limited (JSPL) is an industrial powerhouse with a dominant presence in steel, power, mining and infrastructure sectors.

The company endeavours to strengthen India's industrial base by aiding infrastructural development, through sustainable development approaches and inclusive growth. It deploys its resources to improve infrastructure, education, health, water, sanitation, environment and so on in the areas it operates in.

Business area of the company

JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in steel, power generation and infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.

Products and services offered by the company:

Jindal Steel and Power products are energised by the buoyancy of innovation that enables the distinction of being a trailblazer. Customisation is at the core of all product development and global technology excellence ensures the best in class offerings for the valued customers. The company's continuous growth and enhanced capabilities stand testimony of the ceaseless drive for excellence.

Rails
Parallel Flange Beams and Columns
Plates And Coils
Angles And Channels
Wire Rods
Round Bars
Fabricated Sections
Jindal Speedfloor
Semi-Finished Products
Power
Minerals
Jindal Panther Cement
Sponge Iron
Construction Solutions Business

Awards/ Achievements:

2013

Greentech Platinum CSR Award 2013.

2015

International Safety Award' from British Safety Council, UK.

2016

Jindal Steel wins prestigious CSR award.

2019

‘Best Learning & Development Team of the Year’ award to JSPL at The Learning & Development World Summit 2019 held in October 2019 at Bengaluru.
Par Excellence & Excellent Awards to Kaizen Teams of JSPL at 33rd National Convention on Quality Concepts (NCQC 2019) in December 2019 at IIT (BHU) Varanasi.
Gold Award (Highest Category) at the International Convention on QC Circles-2019 (ICQCC) held in September 2019 in Tokyo, Japan to The Kaizen team- Tech Army of JSPL, Barbil.
Bronze award in Metal & Mining Sector by Apex India Occupational Health and Safety Excellence Award-2019 at Goa to JSPL, Barbil.
Mining Innovation Award to TRB Iron Ore Mines, Tensa at Seminar on Mining organised IME Journal in September 2019 at Hospet/ Belary/ Karnataka.

2020

Total Productive Maintenance (TPM) Award for the Excellence in Consistent TPM Commitment from the Japan Institute of Plant Maintenance (JIPM), Tokyo, Japan in March 2020.
Golden Peacock CSR Award 2019 at 14th International Conference on CSR by the Institute of Directors (IOD) at Mumbai (March 2020).

Milestones

2011

Jindal Shadeed plant was dedicated to the Nation, by H.E. Sheikh Sa’ad Bin Mohammed bin Said al Mardhouf al Sa’adi, Minister of Commerce and Industry, Sultanate of Oman. Jindal Shadeed Iron and Steel LLC (JSIS) is a wholly owned subsidiary of the Naveen Jindal-led Jindal Steel and Power Limited (JSPL), India.
Jindal Steel & Power d (JSPL) and Jindal Power (JPL)’s Annual Reports 2009-10, won Gold Awards at ‘The League of American Communications Professionals (LACP) Vision Awards’ - the world’s most prestigious contest in the domain of corporate reporting. While the JSPL Annual Report won the award in the ‘Materials’ category, the JPL Annual Report bagged the award in the ‘Energy Equipment and Services’ category.
Hon’ble Chairperson, Co-ordination Committee, Shri Shibu Soren and Hon'ble Chief Minister of Jharkhand, Shri Arjun Munda dedicated to the Nation the second unit of the 6 Million Tonne Steel Plant (the 1.2 MTPA Bar Mill) of Jindal Steel and Power Limited (JSPL) at Patratu, in Ramgarh district, at a glittering ceremony.

2012

Commences commercial operation of 4th Unit of 135 MW power at Dongamahua, Raigarh (Chhattisgarh).Acquires CIC's Energy Corp. Canada having 6 Billion Tonn coal resources in Botswana.

2013

JSPL acquires over 30% stake in Gujarat NRE Coking Coal.
JSPL acquires majority stake in Gujarat NRE.

2014

Jindal Shadeed Commissions 2 MTPA Integrated Steel Plant in Oman.
Jindal Wins Again On Bolivia Project.
Jindal Steel and Power launches new creative identity Lohe se bana, Loha sa bana -Jindal Vindicated On Bolivia Project By International Tribunal.

2015

Jindal Steel and Power Foundation Joins Hands With Habitat For Humanity India To Help In J&K Disaster Relief.
Jindal Steel and Power launches new creative identity- ‘Lohe se bana, Loha sa bana’.

2016

Jindal Steel and Power sets up India’s First Plant to manufacture Head Hardened Rails.

2017

Jindal Steel and Power completes 6 MTPA Integrated Steel Plant at Angul, at an investment of Rs 33,000 crore.

2019

JSPL emerges as highest bidder for Gare Palma IV/1 coal block in Chhattisgarh.
JSPL step down subsidiary -- Jindal Mining SA Proprietary (JMSA), a company incorporated in South Africa has turned around and reported cash profits in the completed quarter ending September 2019 from South Africa.
JSPL commission’s 4th coke oven battery at Angul plant.

2020

JSPL has achieved quarterly production milestones in Q3 of Financial Year 2019-20 across India & Oman. The company has witnessed the highest ever quarterly production of 1.61 million tonnes of steel in Q3 FY19-20.