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Jindal Stainless’ exports sales proportion doubles to 32% of sales volumes in Q4FY22

13 Apr 2022 Evaluate

Jindal Stainless’ exports sales proportion doubled to 32% of sales volumes in Q4FY22 as compared to 16% in Q4FY21. The domestic market continued to be marred by cheap stainless steel imports from China and Indonesia in Q4FY22. Domestic demand increased in segments like lifts and elevators and railways. However, demand in consumer facing segments like hollowware and pipe and tubes remained muted due to channel de-stocking, owing to increase in raw material prices.

Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.

Peers
Company Name CMP
JSW Steel 1233.35
Tata Steel 178.40
Steel Authority 175.35
Jindal Stainless 733.00
APL Apollo Tubes 2127.40
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