NSEI:JINDALSTEL

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Executive Summary

Jindal Steel & Power Limited operates in the steel, power, mining, and infrastructure sectors in Asia, Africa, Australia, and the Middle East. More Details


Snowflake Analysis

Acceptable track record and slightly overvalued.


Similar Companies

Share Price & News

How has Jindal Steel & Power's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JINDALSTEL is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: JINDALSTEL's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.


Market Performance


7 Day Return

3.1%

JINDALSTEL

0.4%

IN Metals and Mining

0.3%

IN Market


1 Year Return

47.6%

JINDALSTEL

11.6%

IN Metals and Mining

7.0%

IN Market

Return vs Industry: JINDALSTEL exceeded the Indian Metals and Mining industry which returned 13.7% over the past year.

Return vs Market: JINDALSTEL exceeded the Indian Market which returned 8.9% over the past year.


Shareholder returns

JINDALSTELIndustryMarket
7 Day3.1%0.4%0.3%
30 Day20.2%11.2%9.0%
90 Day8.8%5.6%8.8%
1 Year47.6%47.6%18.8%11.6%8.9%7.0%
3 Year36.8%36.8%-18.6%-28.5%5.1%0.009%
5 Year147.7%147.7%105.5%67.5%51.8%40.4%

Long-Term Price Volatility Vs. Market

How volatile is Jindal Steel & Power's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Jindal Steel & Power undervalued compared to its fair value and its price relative to the market?

24.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JINDALSTEL (₹235.2) is trading below our estimate of fair value (₹309.92)

Significantly Below Fair Value: JINDALSTEL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: JINDALSTEL is poor value based on its PE Ratio (21x) compared to the IN Metals and Mining industry average (13.3x).

PE vs Market: JINDALSTEL is poor value based on its PE Ratio (21x) compared to the Indian market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: JINDALSTEL is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: JINDALSTEL's PB Ratio (0.9x) is in line with the IN Metals and Mining industry average.


Next Steps

Future Growth

How is Jindal Steel & Power forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

18.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JINDALSTEL's forecast earnings growth (18.3% per year) is above the savings rate (7.2%).

Earnings vs Market: JINDALSTEL's earnings (18.3% per year) are forecast to grow slower than the Indian market (24.2% per year).

High Growth Earnings: JINDALSTEL's earnings are forecast to grow, but not significantly.

Revenue vs Market: JINDALSTEL's revenue (5.5% per year) is forecast to grow slower than the Indian market (11.5% per year).

High Growth Revenue: JINDALSTEL's revenue (5.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JINDALSTEL's Return on Equity is forecast to be low in 3 years time (6.8%).


Next Steps

Past Performance

How has Jindal Steel & Power performed over the past 5 years?

30.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JINDALSTEL has high quality earnings.

Growing Profit Margin: JINDALSTEL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: JINDALSTEL has become profitable over the past 5 years, growing earnings by 30.2% per year.

Accelerating Growth: JINDALSTEL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: JINDALSTEL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-22.4%).


Return on Equity

High ROE: JINDALSTEL's Return on Equity (4.4%) is considered low.


Next Steps

Financial Health

How is Jindal Steel & Power's financial position?


Financial Position Analysis

Short Term Liabilities: JINDALSTEL's short term assets (₹210.9B) do not cover its short term liabilities (₹254.3B).

Long Term Liabilities: JINDALSTEL's short term assets (₹210.9B) do not cover its long term liabilities (₹281.2B).


Debt to Equity History and Analysis

Debt Level: JINDALSTEL's debt to equity ratio (83.8%) is considered high.

Reducing Debt: JINDALSTEL's debt to equity ratio has reduced from 205.9% to 83.8% over the past 5 years.

Debt Coverage: JINDALSTEL's debt is well covered by operating cash flow (38.3%).

Interest Coverage: JINDALSTEL's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Jindal Steel & Power current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate JINDALSTEL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate JINDALSTEL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if JINDALSTEL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if JINDALSTEL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: JINDALSTEL is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JINDALSTEL's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure


CEO

Vidya Sharma (61 yo)

1.25yrs

Tenure

₹24,861,775

Compensation

Mr. Vidya Rattan Sharma serves as Managing Director for Jindal Steel & Power Ltd and serves as its Additional Executive Director since August 14, 2019. Prior to joining JSPL, Mr. Sharma served as the Chief...


CEO Compensation Analysis

Compensation vs Market: Vidya's total compensation ($USD335.82K) is below average for companies of similar size in the Indian market ($USD768.94K).

Compensation vs Earnings: Vidya's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Naveen Jindal
Executive Chairman of the Board9.33yrs₹150.51m1.02%
₹ 2.5b
Vidya Sharma
MD & Additional Executive Director1.25yrs₹24.86m0.00087%
₹ 2.1m
Damodar Mittal
Presidentno data₹13.29mno data
Hemant Kumar
Presidentno data₹13.96mno data
Anil Ahuja
Presidentno data₹5.03mno data
Saurabh Ganeriwala
Presidentno data₹4.11mno data
Anoop Juneja
Company Secretary & Compliance Officer0.92yr₹3.24mno data
Dinesh Saraogi
COO of Chattisgarh Operations & Whole-Time Director8yrs₹13.19m0.0051%
₹ 12.6m
Samar Suri
Executive Vice Presidentno data₹9.72mno data
Sudhanshu Saraf
Director of Transformation0.83yr₹29.50m0%
₹ 0
Akhauri Sinha
Director of Finance0.83yrno datano data
Nishant Baranwal
Head of Investor Relationsno datano datano data

1.1yrs

Average Tenure

53.5yo

Average Age

Experienced Management: JINDALSTEL's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Naveen Jindal
Executive Chairman of the Board9.33yrs₹150.51m1.02%
₹ 2.5b
Vidya Sharma
MD & Additional Executive Director1.25yrs₹24.86m0.00087%
₹ 2.1m
Dinesh Saraogi
COO of Chattisgarh Operations & Whole-Time Director8yrs₹13.19m0.0051%
₹ 12.6m
Arun Purwar
Independent Director13.33yrs₹570.00k0.00078%
₹ 1.9m
Ram Shahi
Independent Director13.08yrs₹440.00kno data
Savitri Jindal
Chairperson Emeritus9.33yrsno data0.11%
₹ 269.0m
Anjan Barua
Nominee Director - State Bank of India3.75yrs₹250.00kno data
Hardip Wirk
Independent Director11.83yrs₹540.00kno data
Shallu Jindal
Non-Executive Director8.58yrs₹200.00kno data
Sudershan Garg
Independent Director8yrs₹510.00k0.00012%
₹ 294.9k
Aruna Sharma
Independent Director1.17yrs₹150.00kno data

8.6yrs

Average Tenure

62yo

Average Age

Experienced Board: JINDALSTEL's board of directors are considered experienced (8.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: JINDALSTEL insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Jindal Steel & Power Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jindal Steel & Power Limited
  • Ticker: JINDALSTEL
  • Exchange: NSEI
  • Founded: 1979
  • Industry: Steel
  • Sector: Materials
  • Market Cap: ₹245.773b
  • Shares outstanding: 1.02b
  • Website: https://www.jindalsteelpower.com

Number of Employees


Location

  • Jindal Steel & Power Limited
  • Jindal Centre
  • 12, Bhikaiji Cama Place
  • New Delhi
  • Delhi
  • 110066
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532286BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 1999
JINDALSTELNSEI (National Stock Exchange of India)YesEquity SharesININRDec 1999

Biography

Jindal Steel & Power Limited operates in the steel, power, mining, and infrastructure sectors in Asia, Africa, Australia, and the Middle East. It operates through Iron and Steel Products, Power, and Others...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 12:40
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.