Jindal Stainless (Hisar) Ltd Stock Analysis

BSE: 539597 | NSE: JSLHISAR | Steel & Iron Products | Mid Cap

BSE Share Price 08-Mar-2023 18:02
560.75 0.00 (0.00%)

DeciZen - Make an Informed Decision on Jindal Hisar

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Jindal Hisar Price Chart

P/E Ratio ( CD) :
8.95
Market Cap :
13,230 Cr.
52-wk low :
189.2
52-wk high :
577.4
Bole Toh?

1. Is Jindal Stainless (Hisar) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Jindal Stainless (Hisar) Ltd is a average quality company.

2. Is Jindal Stainless (Hisar) Ltd undervalued or overvalued?

The key valuation ratios of Jindal Stainless (Hisar) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Jindal Stainless (Hisar) Ltd a good buy now?

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

10 Year X-Ray of Jindal Hisar:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Jindal Stainless (Hisar) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0%-29.9%38.9%19.4%15.8%19.2%14.2%13.9%18.8%35.5%-
Value Creation Index NA-3.21.90.40.10.40.0-0.00.31.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 008,1967,2357,77410,35710,2899,3799,40015,01115,984
YoY Gr. Rt. %-NANA-11.7%7.5%33.2%-0.7%-8.8%0.2%59.7%-
Adj EPS 0-2.302.910.823.915.216.128.380.762.7
YoY Gr. Rt. %-NANANA268.9%121.4%-36.4%5.7%75.8%185.5%-
BVPS (₹) 07.7026.337.962.578.596.3125.9208.1242.2
Adj Net Profit 00-17.667.72555653593796671,9041,479
Cash Flow from Ops. 004929196901,4541,1307101,305-2.8-
Debt/CF from Ops. 002.12.25.122.13.11.1-657.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA14.1%13.4%59.7%
Adj EPS NA49.5%74.4%185.5%
BVPS 040.638.465.2
Share Price - 28.9% 147% 56.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 0-29.9-6.411.73447.721.618.425.448.327.9
Op. Profit Mgn % 008.911.912.611.910.110121410.2
Net Profit Mgn % 00-0.20.93.35.53.64.17.112.79.3
Debt to Equity 002.13.33.921.310.50.4-
Working Cap Days 00611261341351421481571400
Cash Conv. Cycle 0012283226242524300

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.42%

Net Profit is growing at healthy rate in last 3 years 74.41%

Debt to equity has declined versus last 3 years average to 0.37

Sales growth is good in last 4 quarters at 17.79%

Return on Equity has declined versus last 3 years average to 27.80%

Latest Financials - Jindal Stainless (Hisar) Ltd.

Standalone Consolidated
TTM EPS (₹) 40.5 62.7
TTM Sales (₹ Cr.) 14,086 15,984
BVPS (₹.) 177.5 242.2
Reserves (₹ Cr.) 4,141 5,667
P/BV 3.16 2.32
PE 13.84 8.95
From the Market
52 Week Low / High (₹) 189.20 / 577.35
All Time Low / High (₹) 24.05 / 577.35
Market Cap (₹ Cr.) 13,230
Equity (₹ Cr.) 47.2
Face Value (₹) 2
Industry PE 11.3

Management X-Ray of Jindal Hisar :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *87.7087.7087.7087.0785.9085.8985.8985.8985.8985.89
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Jindal Hisar

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Jindal Stainless (Hisar) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Jindal Hisar on 08-Mar-2023 18:02 is : 560.8.
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 08-Mar-2023 18:02 the market cap of Jindal Hisar stood at ₹ 13,230.
The latest PE ratio of Jindal Hisar as of 08-Mar-2023 18:02 is 13.84.
The latest PB ratio of Jindal Hisar as of 08-Mar-2023 18:02 is 3.16
The 52-week high of Jindal Hisar is ₹ 577.4 and the 52-week low is ₹ 189.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Jindal Hisar is ₹ 14,086 ( Cr.) .

About Jindal Stainless (Hisar) Ltd

Jindal Stainless (Hisar) Limited (JSHL) was established in 1975 when Shri OP Jindal envisioned a self-reliant India, capable of fulfilling its stainless steel demand. Stainless steel, then, was no less than a luxury metal and India was completely dependent on imports to meet its demand which attracted duties up to 300%. It was Shri O P Jindal's vision and his pioneering spirit that led to the establishment of JSHL, India's first stainless steel manufacturing unit.

Since its inception, JSHL has worked on a strategy of both backward and forward integration; starting from melting, casting, hot rolling to cold rolling and other value additions. It is also the world's largest producer of stainless steel strips for razor blades and India's largest producer of coin blanks, serving the needs of Indian and international mints. JSHL’s Specialty Product Division caters to the high-end precision and specialty stainless steel requirements of reputed Indian and international customers. The product range includes slabs and blooms, hot rolled coils, cold rolled coils, plates, blade steel, coin blanks, and precision strips.

Business area of the company

Jindal Stainless (Hisar) is a leading manufacturer /producer of stainless steel flat products in austenitic, ferritic, martensitic and duplex grades. The product range includes ferro alloys, stainless steel slabs and blooms, hot rolled coils, plates and sheets, cold rolled coils and sheets, specialty products such as razor blade steel, precision strips, coin blanks and long products.

Products and services offered by the company

Products lines

  • Slabs
  • Blooms
  • Hot Rolled Coils
  • Cold Rolled Coils
  • Plates
  • Specialty Products

Applications

  • Architecture, Building & Construction
  • Automotive & Transport
  • Railway
  • Consumer Durable
  • Process Industry
  • Precision Strip & Blade Steel
  • Coin Blanks
  • Nuclear Applications
  • Plumbing

Awards & Accolades

FY2017-18

  • Golden Peacock Award (Environment Management, 2017)
  • 23 Gold & 7 Silver Medals in CCQC, 2017
  • 1 Excellence & 6 PAR Excellence Awards in NCQC, 2017
  • Behaviors Based Safety Award (outstanding initiatives taken)

FY2018-19

  • 1 Excellence & 6 PAR Excellence Award in NCQC 2018
  • 13 gold, 9 Silver and 03 Bronze awards in CCQC 2018
  • SAP ACE Award for SAP HANA initiative
  • National Award for excellence in energy management 2018 for Energy Efficient Unit
  • SEEM Energy Management Platinum Award in Iron and Steel sector for Energy Efficient Unit

FY2019-20

  • International Safety Award 2020 Merit from British Safety Council
  • Winner of Golden Peacock Environment Management Award
  • 8 PAR Excellence & 7 Excellence Awards in NCQC
  • 24 Gold & 6 Silver medals in CCQC
  • ‘Energy Efficient Unit’ Award in 20 National Awards for Excellence in Energy Management by CII
  • ‘Innovation in Energy Efficiency’ Award in Large Scale Industries in National Energy Efficiency Circle Awards by CII
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