Jindal Steel & Power Limited
BSE:532286 Stock Report
Jindal Steel & Power Balance Sheet Health
Financial Health criteria checks 5/6 Jindal Steel & Power has a total shareholder equity of ₹480.2B and total debt of ₹167.0B, which brings its debt-to-equity ratio to 34.8%. Its total assets and total liabilities are ₹827.7B and ₹347.5B respectively. Jindal Steel & Power's EBIT is ₹73.1B making its interest coverage ratio 6.6. It has cash and short-term investments of ₹42.3B.
Key information
34.8%
Debt to equity ratio
Interest coverage ratio 6.6x Cash ₹42.34b Equity ₹480.18b Total liabilities ₹347.53b Total assets ₹827.71b
Recent financial health updates
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New minor risk - Insider selling Nov 12
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Nov 07
Now 21% undervalued after recent price drop Oct 15
Dividend of ₹2.00 announced Aug 10
Jindal Steel & Power Limited, Annual General Meeting, Aug 30, 2024 Aug 09 Jindal Steel & Power Limited to Report Fiscal Year 2025 Results on May 30, 2025
Adani Reportedly Tops KSK Mahanadi Bidder List Aug 03
Now 21% undervalued Aug 02
First quarter 2025 earnings: EPS and revenues exceed analyst expectations Jul 25
Jindal Steel & Power Limited to Report Q1, 2025 Results on Jul 24, 2024 Jul 16
Price target increased by 11% to ₹950 May 16
Full year 2024 earnings: EPS exceeds analyst expectations May 15
Jindal Steel & Power Limited to Report Q4, 2024 Results on May 13, 2024 May 09
Jindal Steel & Power Limited Appoints Sunil Agrawal as Interim Chief Financial Officer Apr 29
Now 20% overvalued after recent price rise Mar 26
Now 20% overvalued after recent price rise Mar 03
Now 21% overvalued after recent price rise Feb 02
Price target increased by 9.9% to ₹797 Feb 01
Jindal Steel & Power Limited Announces CEO Changes Feb 01
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Feb 01
Jindal Steel & Power Limited to Report Q3, 2024 Results on Jan 31, 2024 Jan 22
Price target decreased by 7.0% to ₹689 Nov 07
Second quarter 2024 earnings released: EPS: ₹13.81 (vs ₹1.99 in 2Q 2023) Nov 01
Jindal Steel & Power Limited to Report Q2, 2024 Results on Oct 31, 2023 Oct 24
Jindal Steel & Power Limited Announces Executive Changes Sep 19
Now 20% undervalued Aug 17
Price target increased by 7.1% to ₹710 Aug 14
Upcoming dividend of ₹2.00 per share at 0.3% yield Aug 11
Full year 2023 earnings: EPS misses analyst expectations Aug 07
Jindal Steel & Power Limited, Annual General Meeting, Aug 28, 2023 Aug 06
Jindal Steel & Power Limited to Report Q1, 2024 Results on Aug 11, 2023 Aug 03
Jindal Steel & Power Limited Recommends Final Dividend for the Financial Year 2022-2023 May 17
Full year 2023 earnings: EPS misses analyst expectations May 17
Jindal Steel & Power Limited to Report Q4, 2023 Results on May 16, 2023 May 13
Price target increased by 7.4% to ₹571 Feb 01
Third quarter 2023 earnings released: EPS: ₹5.16 (vs ₹15.85 in 3Q 2022) Feb 01
Jindal Steel & Power Limited to Report Q3, 2023 Results on Jan 31, 2023 Jan 21
Price target increased to ₹488 Nov 16
High number of new and inexperienced directors Nov 16
Vedanta Reportedly Looks to Sell Electrosteel Nov 15
Price target increased to ₹471 Nov 12
Jindal Steel & Power Limited Appoints Rohit Kumar as an Additional Director in the Category of Independent Director Sep 22
Upcoming dividend of ₹2.00 per share Sep 13
Jindal Steel & Power Limited to Report Q2, 2023 Results on Nov 14, 2022 Sep 09
Jindal Steel & Power Limited, Annual General Meeting, Sep 30, 2022 Aug 31
Insider recently bought ₹4.4m worth of stock Aug 28 Jindal Steel & Power Limited Announces Cessation of Vidya Rattan Sharma as Director, Effective August 13, 2022
Price target decreased to ₹421 Jul 20
First quarter 2023 earnings: EPS and revenues exceed analyst expectations Jul 17
Jindal Steel & Power Limited Announces Directorate Changes Jul 16
Jindal Steel & Power Limited to Report Q1, 2023 Results on Jul 15, 2022 Jul 08
Insider recently sold ₹19m worth of stock Jun 10
Full year 2022 earnings: EPS and revenues miss analyst expectations Jun 02
Jindal Steel & Power's Board Meeting Recommends Final Dividend for the Financial Year 2021-22 Jun 01
Jindal Steel & Power's Board Meeting Recommends Final Dividend for the Financial Year 2021-22 May 31
Price target decreased to ₹575 May 31
Investor sentiment deteriorated over the past week May 24
Now 33% undervalued after recent price drop May 23
High number of new directors Apr 27
India Reportedly to Finalize Pawan Hans Sale Saturday, JSW Among Bidders Apr 23
Now 20% undervalued Mar 28
Investor sentiment improved over the past week Mar 03
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Feb 09
ArcelorMittal India-Linked Firm Reportedly Leads Race to Acquire Indian Steel Corp Jan 18
JSPL Keen to Buy Neelachal Ispat Dec 15
Chief Financial Officer Hemant Kumar has left the company Dec 03
Second quarter 2022 earnings released: EPS ₹25.33 (vs ₹8.26 in 2Q 2021) Nov 06
Investor sentiment improved over the past week Oct 04
Sarda Mines Reportedly Winning Bidder for Kwality Dairy Oct 01
Insider recently bought ₹10m worth of stock Sep 07
JSPL Shareholders Reportedly Give Nod to Sell 96.42% Stake in Jindal Power Sep 04
Independent Director Aruna Sharma has left the company Sep 03
Investor sentiment deteriorated over the past week Aug 23
First quarter 2022 earnings released: EPS ₹24.93 (vs ₹1.80 in 1Q 2021) Aug 11
Independent Director Sudershan Garg has left the company Aug 05
Independent Director Ram Shahi has left the company Aug 05
Independent Director Arun Purwar has left the company Aug 05
Independent Director Hardip Wirk has left the company Aug 05
Nominee Director - State Bank of India has left the company Jun 01
Insider recently bought ₹1.1m worth of stock May 28
JSPL Defers AGM , May Revise Divestment Deal May 25
Price target increased to ₹492 May 18
Full year 2021 earnings released: EPS ₹46.82 (vs ₹1.08 loss in FY 2020) May 13 Naveen Jindal along with his relatives agreed to acquire 96.42% stake in Jindal Power Limited from Jindal Steel & Power Limited (NSEI:JINDALSTEL) for INR 30 billion.
Insider recently bought ₹2.8m worth of stock Apr 17
Price target increased to ₹399 Apr 08
Investor sentiment improved over the past week Apr 01
Jindal Reportedly Keen to Acquire Reliance Naval & Engineering Mar 04
Insider recently sold ₹6.5m worth of stock Mar 03
New 90-day high: ₹345 Feb 25
Insider recently sold ₹3.6m worth of stock Feb 22
New 90-day high: ₹307 Feb 08
Price target raised to ₹354 Jan 25
Third quarter 2021 earnings released: EPS ₹22.10 Jan 22
Financial Position Analysis
Short Term Liabilities: 532286's short term assets (₹179.0B) exceed its short term liabilities (₹146.7B).
Long Term Liabilities: 532286's short term assets (₹179.0B) do not cover its long term liabilities (₹200.9B).
Debt to Equity History and Analysis
Debt Level: 532286's net debt to equity ratio (26%) is considered satisfactory .
Reducing Debt: 532286's debt to equity ratio has reduced from 101.7% to 34.8% over the past 5 years.
Debt Coverage: 532286's debt is well covered by operating cash flow (34%).
Interest Coverage: 532286's interest payments on its debt are well covered by EBIT (6.6x coverage).
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