1. Jindal Steel & Power
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61% Buy

Jindal Steel & Power Share Price

JINDALSTEL

₹1,069.20-₹4.85 (-0.45%) TodayLast updated on 24 May, 2024 | 03:50 PM IST
₹1,059.50₹1,083.10
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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,07,666 Crs

Open

₹1,069.10

Close

₹1,074.05

Circuit range

₹1,181.45 - ₹966.65

Day range

₹1,059.50 - ₹1,083.10

Year range

₹503.00 - ₹1,085.95

Volume

7,95,828

Avg. traded

₹1,073.37

Revenue (12m)

₹50,027 Crs

Jindal Steel & Power

Jindal Steel and Power Limited (JSPL) is among the largest producers of steel in India. The company also has a strong presence in the power, mining and infrastructure sectors. Part of the diversified OP Jindal Group, the company has manufacturing units in Chhattisgarh's Raigarh, Angul in Odisha and Patratu in Jharkhand.

Jindal Steel’s product range covers a spectrum of steel applications, from precision tubes and wire rods to special alloy steels. The integrated operations in India comprise capacities of 10.42 MTPA for iron-making, 9.0 MTPA for pellets, 9.6 MTPA for liquid steel and 6.65 MTPA for finished steel.

The product portfolio includes TMT bars, plate coils, parallel flanges, beams columns, rails angles channels, wire rods, fabricated sections and other steel products.

Jindal Steel exports its diversified product portfolio to over 22 countries. Its investment commitments in steel, power, oil & gas and mining have touched more than $30 billion.

The company's thermal power generation capacity is 1634 megawatts at its Raigarh and Angul plants.

In addition to steel manufacturing, the company’s international operations include coking coal mining in Australia, anthracite coal mining assets in South Africa and thermal/coking coal mining assets in Mozambique

Jindal Steel acquired an under-construction 1,050 MW thermal power plant in FY23. In addition, the company also plans to establish a hot strip mill with a capacity of 5.5 MTPA, slated for commissioning in FY24.

A cold rolling mill (CRM) complex and transformation of a substantial part of the offerings from long products to flat products are also on the cards. The expanded portfolio will encompass automotive steel and high-tensile steel, diversifying its product range.

During FY23, the company's standalone production decreased by 1% Y-o-Y (7.89 MT vs 8.01 MT in FY22). However, standalone steel sales reached the highest-ever level of 7.68 MT (up by 1% year-on-year).

Despite turbulent export markets with the backdrop of the Russia-Ukraine conflict, the company's sales efforts resulted in export volumes of 1 MT. The export share declined to 13% in FY23 compared to 33% in FY22.

Improved steel realisations and higher sales resulted in 8% Y-o-Y growth in gross revenue to ₹59,470 crore.

The pellet production of 7.57 MT in FY23 fell 2% Y-o-Y. Higher captive consumption and export duty imposition resulted in a 69% fall in pellet external sales (0.23 MT vs 0.75 MT in FY22).

Jindal Steel & Power Ltd's market capitalisation stands at over ₹74,300 crore as of December 26, 2023. Jindal Steel share price has surged over 181% in the last three years.

Financial Highlights

  • The total income of the company for FY23 stood at ₹52,768.23 crore, recording a 3.22% year-on-year growth compared to ₹51,135.92 crore in FY22.
  • Its consolidated gross revenue for FY23 stood at ₹60,505 crore compared to ₹56,841 crore in the previous financial year.
  • Jindal Steel’s adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹9,700 crore in FY23 as against ₹15,241 crore.
  • The company reported a profit of ₹3,193 crore in FY23 as against ₹8,248 crore in FY22.
  • Its earnings per share (EPS) dropped to ₹39 in FY23 from ₹56 in the preceding financial year.

Jindal Steel & Power Key indicators

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52 week high

₹1,085.95

52 week low

₹503.00

P/E ratio

18.08

P/B ratio

2.21

ROE

6%

ROCE

8.31%

Dividend yield

0.21%

Debt/Equity ratio

0.29

EPS

24.15

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Investment checklist: (3/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

61%

Hold

13%

Sell

26%

This analysis is based on the reviews of 23 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

12.2%

Net profit margin

3.01%

ROE

6%

ROA

3.23%

ROCE

8.31%

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Jindal Steel & Power Shareholder returns

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1 day

-0.34%

1 week

+6.84%

1 month

+18.05%

3 months

+36.55%

1 year

+106.21%

3 years

+166.41%

5 years

+606.38%

Revenue statement

All values are in ₹ Crores (Cr)
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Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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Jindal Steel & Power Share Price history

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DayOpenCloseDay’s change
Fri, May 24 2024
₹1,069.10
₹1,069.20
-0.45%
Thu, May 23 2024
₹1,065.00
₹1,074.05
-0.34%
Wed, May 22 2024
₹1,077.90
₹1,077.70
+0.82%
Tue, May 21 2024
₹1,014.00
₹1,068.95
+5.14%
Sat, May 18 2024
₹1,024.70
₹1,016.65
+0.11%
Fri, May 17 2024
₹1,005.00
₹1,015.50
+1.02%
Thu, May 16 2024
₹996.00
₹1,005.25
+1.18%
Wed, May 15 2024
₹987.00
₹993.55
+1.54%

Shareholding info

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Promoters (61.2%)

Mutual Funds (11.43%)

Retail and other (12.15%)

Foreign institutions-FII (11.93%)

Other domestic institutions (3.3%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹2/share

    Ex date 18 Aug 2023

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  • Dividend • ₹2/share

    Ex date 20 Sep 2022

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  • Dividend • ₹1/share

    Ex date 16 Mar 2022

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Frequently asked questions