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JIND

Jindal Steel & Power NSEI:JINDALSTEL Stock Report

Last Price

₹333.05

Market Cap

₹339.7b

7D

1.9%

1Y

-16.5%

Updated

28 Jun, 2022

Data

Company Financials +
JINDALSTEL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

JINDALSTEL Stock Overview

Jindal Steel & Power Limited operates in the steel, power, mining, and infrastructure sectors in India and internationally.

Jindal Steel & Power Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Jindal Steel & Power
Historical stock prices
Current Share Price₹333.05
52 Week High₹577.80
52 Week Low₹304.20
Beta1.63
1 Month Change-15.99%
3 Month Change-35.93%
1 Year Change-16.52%
3 Year Change136.54%
5 Year Change164.22%
Change since IPO8,173.15%

Recent News & Updates

Jun 24
Here's Why We Think Jindal Steel & Power (NSE:JINDALSTEL) Is Well Worth Watching

Here's Why We Think Jindal Steel & Power (NSE:JINDALSTEL) Is Well Worth Watching

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Jun 06
Jindal Steel & Power (NSE:JINDALSTEL) Seems To Use Debt Quite Sensibly

Jindal Steel & Power (NSE:JINDALSTEL) Seems To Use Debt Quite Sensibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

JINDALSTELIN Metals and MiningIN Market
7D1.9%0.3%1.8%
1Y-16.5%-17.4%0.6%

Return vs Industry: JINDALSTEL exceeded the Indian Metals and Mining industry which returned -19.6% over the past year.

Return vs Market: JINDALSTEL underperformed the Indian Market which returned -0% over the past year.

Price Volatility

Is JINDALSTEL's price volatile compared to industry and market?
JINDALSTEL volatility
JINDALSTEL Average Weekly Movement7.6%
Metals and Mining Industry Average Movement7.7%
Market Average Movement7.0%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: JINDALSTEL is not significantly more volatile than the rest 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.

About the Company

FoundedEmployeesCEOWebsite
19796,088Vidya Sharmahttps://www.jindalsteelpower.com

Jindal Steel & Power Limited operates in the steel, power, mining, and infrastructure sectors in India and internationally. It operates through Iron and Steel Products, Power, and Others segments. The company offers track and crane rails, and flash-butt welded rail panels; and medium and heavy hot rolled parallel flange beams and column sections for use in refineries, metro rail projects, airports, flyovers, power plants, highways, malls, and high rise buildings.

Jindal Steel & Power Fundamentals Summary

How do Jindal Steel & Power's earnings and revenue compare to its market cap?
JINDALSTEL fundamental statistics
Market Cap₹339.74b
Earnings (TTM)₹82.55b
Revenue (TTM)₹511.36b

4.1x

P/E Ratio

0.7x

P/S Ratio

Is JINDALSTEL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
JINDALSTEL income statement (TTM)
Revenue₹511.36b
Cost of Revenue₹204.22b
Gross Profit₹307.14b
Other Expenses₹224.59b
Earnings₹82.55b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)80.92
Gross Margin60.06%
Net Profit Margin16.14%
Debt/Equity Ratio34.7%

How did JINDALSTEL perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

4%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is JINDALSTEL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JINDALSTEL?

Other financial metrics that can be useful for relative valuation.

JINDALSTEL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA2.7x
PEG Ratio-0.2x

Price to Earnings Ratio vs Peers

How does JINDALSTEL's PE Ratio compare to its peers?

JINDALSTEL PE Ratio vs Peers
The above table shows the PE ratio for JINDALSTEL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20x
500113 Steel Authority of India
2.4x-40.9%₹293.7b
526371 NMDC
3.5x-38.3%₹326.2b
533758 APL Apollo Tubes
37.4x23.1%₹208.2b
KIOCL KIOCL
36.8xn/a₹115.4b
JINDALSTEL Jindal Steel & Power
4.1x-17.0%₹339.7b

Price-To-Earnings vs Peers: JINDALSTEL is good value based on its Price-To-Earnings Ratio (4.1x) compared to the peer average (20x).


Price to Earnings Ratio vs Industry

How does JINDALSTEL's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

Price-To-Earnings vs Industry: JINDALSTEL is good value based on its Price-To-Earnings Ratio (4.1x) compared to the Indian Metals and Mining industry average (12.4x)


Price to Earnings Ratio vs Fair Ratio

What is JINDALSTEL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JINDALSTEL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.1x
Fair PE Ratio11.2x

Price-To-Earnings vs Fair Ratio: JINDALSTEL is good value based on its Price-To-Earnings Ratio (4.1x) compared to the estimated Fair Price-To-Earnings Ratio (11.2x).


Share Price vs Fair Value

What is the Fair Price of JINDALSTEL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JINDALSTEL (₹333.05) is trading above our estimate of fair value (₹327.23)

Significantly Below Fair Value: JINDALSTEL is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: JINDALSTEL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is Jindal Steel & Power forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-17.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JINDALSTEL's earnings are forecast to decline over the next 3 years (-17% per year).

Earnings vs Market: JINDALSTEL's earnings are forecast to decline over the next 3 years (-17% per year).

High Growth Earnings: JINDALSTEL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: JINDALSTEL's revenue (0.7% per year) is forecast to grow slower than the Indian market (11.5% per year).

High Growth Revenue: JINDALSTEL's revenue (0.7% 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 (10.7%).


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Past Performance

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

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


73.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JINDALSTEL has high quality earnings.

Growing Profit Margin: JINDALSTEL's current net profit margins (16.1%) are higher than last year (13.5%).


Past Earnings Growth Analysis

Earnings Trend: JINDALSTEL has become profitable over the past 5 years, growing earnings by 73.1% per year.

Accelerating Growth: JINDALSTEL's earnings growth over the past year (56.6%) is below its 5-year average (73.1% per year).

Earnings vs Industry: JINDALSTEL earnings growth over the past year (56.6%) underperformed the Metals and Mining industry 76.9%.


Return on Equity

High ROE: JINDALSTEL's Return on Equity (22.2%) is considered high.


Discover strong past performing companies

Financial Health

How is Jindal Steel & Power's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: JINDALSTEL's short term assets (₹266.1B) exceed its short term liabilities (₹227.0B).

Long Term Liabilities: JINDALSTEL's short term assets (₹266.1B) exceed its long term liabilities (₹168.5B).


Debt to Equity History and Analysis

Debt Level: JINDALSTEL's net debt to equity ratio (23.9%) is considered satisfactory.

Reducing Debt: JINDALSTEL's debt to equity ratio has reduced from 149.2% to 34.7% over the past 5 years.

Debt Coverage: JINDALSTEL's debt is well covered by operating cash flow (124.8%).

Interest Coverage: JINDALSTEL's interest payments on its debt are well covered by EBIT (7.1x coverage).


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.20%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: JINDALSTEL's dividend (1.2%) is higher than the bottom 25% of dividend payers in the Indian market (0.42%).

High Dividend: JINDALSTEL's dividend (1.2%) is low compared to the top 25% of dividend payers in the Indian market (1.87%).


Stability and Growth of Payments

Stable Dividend: JINDALSTEL's dividend payments have been volatile in the past 10 years.

Growing Dividend: JINDALSTEL's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (3.7%), JINDALSTEL's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (3.1%), JINDALSTEL's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

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

3.7yrs

Average management tenure


CEO

Vidya Sharma (62 yo)

2.83yrs

Tenure

₹34,433,000

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 ($USD439.03K) is below average for companies of similar size in the Indian market ($USD642.44K).

Compensation vs Earnings: Vidya's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: JINDALSTEL's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: JINDALSTEL's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


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 employee growth, exchange listings and data sources


Key Information

  • Name: Jindal Steel & Power Limited
  • Ticker: JINDALSTEL
  • Exchange: NSEI
  • Founded: 1979
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: ₹339.740b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.