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.


Snowflake Analysis

Mediocre balance sheet with moderate growth potential.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.3%

JINDALSTEL

-1.2%

IN Metals and Mining

1.2%

IN Market


1 Year Return

14.6%

JINDALSTEL

-24.3%

IN Metals and Mining

-9.0%

IN Market

Return vs Industry: JINDALSTEL exceeded the Indian Metals and Mining industry which returned -24.3% over the past year.

Return vs Market: JINDALSTEL exceeded the Indian Market which returned -9% over the past year.


Shareholder returns

JINDALSTELIndustryMarket
7 Day0.3%-1.2%1.2%
30 Day12.1%7.8%6.8%
90 Day143.4%37.0%30.1%
1 Year14.6%14.6%-21.7%-24.3%-7.2%-9.0%
3 Year16.3%16.3%-27.6%-35.0%1.3%-3.4%
5 Year81.5%81.5%27.1%4.4%27.3%17.6%

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?

18.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JINDALSTEL (₹153.7) is trading below our estimate of fair value (₹188.68)

Significantly Below Fair Value: JINDALSTEL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: JINDALSTEL is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: JINDALSTEL is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JINDALSTEL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JINDALSTEL is good value based on its PB Ratio (0.5x) compared to the IN Metals and Mining industry average (0.7x).


Next Steps

Future Growth

How is Jindal Steel & Power forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

67.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JINDALSTEL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (7.2%).

Earnings vs Market: JINDALSTEL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: JINDALSTEL's is expected to become profitable in the next 3 years.

Revenue vs Market: JINDALSTEL's revenue (7.1% per year) is forecast to grow slower than the Indian market (7.2% per year).

High Growth Revenue: JINDALSTEL's revenue (7.1% 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 (5.2%).


Next Steps

Past Performance

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

14.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JINDALSTEL is currently unprofitable.

Growing Profit Margin: JINDALSTEL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JINDALSTEL is unprofitable, but has reduced losses over the past 5 years at a rate of 14.7% per year.

Accelerating Growth: Unable to compare JINDALSTEL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: JINDALSTEL is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-20.7%).


Return on Equity

High ROE: JINDALSTEL has a negative Return on Equity (-1.27%), as it is currently unprofitable.


Next Steps

Financial Health

How is Jindal Steel & Power's financial position?


Financial Position Analysis

Short Term Liabilities: JINDALSTEL's short term assets (₹159.9B) do not cover its short term liabilities (₹232.4B).

Long Term Liabilities: JINDALSTEL's short term assets (₹159.9B) do not cover its long term liabilities (₹351.4B).


Debt to Equity History and Analysis

Debt Level: JINDALSTEL's debt to equity ratio (97.8%) is considered high.

Reducing Debt: JINDALSTEL's debt to equity ratio has reduced from 208.4% to 97.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable JINDALSTEL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: JINDALSTEL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 51.1% per year.


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?

2.7yrs

Average management tenure


CEO

Jindal Steel & Power has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Naveen Jindal
Executive Chairman of the Board9yrs₹121.83m1.02% 1.6b
Pradeep Bhargava
Presidentno datano datano data
Deepak Sogani
Chief Financial Officer2.58yrs₹25.44m0.020% 30.9m
Dinesh Saraogi
COO of Chattisgarh Operations & Whole-Time Director7.67yrs₹18.36m0.0051% 8.0m
Rakesh Kumar
Chief Commercial Officer1yrno datano data
Damodar Mittal
Executive Vice Presidentno datano datano data
Hemant Kumar
Group Head Treasury8.92yrsno datano data
Nittin Johari
Directorno datano datano data
V. C. Rao
Vice Presidentno datano datano data
Ajay Sehgal
Vice Presidentno datano datano data

2.7yrs

Average Tenure

54yo

Average Age

Experienced Management: JINDALSTEL's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Naveen Jindal
Executive Chairman of the Board9yrs₹121.83m1.02% 1.6b
Dinesh Saraogi
COO of Chattisgarh Operations & Whole-Time Director7.67yrs₹18.36m0.0051% 8.0m
Vidya Sharma
MD & Additional Executive Director0.92yr₹27.54m0.00087% 1.4m
Arun Purwar
Independent Director13yrs₹470.00k0.00078% 1.2m
Ram Shahi
Independent Director12.75yrs₹340.00kno data
Savitri Jindal
Chairperson Emeritus9yrsno data0.11% 171.6m
Anjan Barua
Nominee Director - State Bank of India3.42yrs₹250.00kno data
Hardip Wirk
Independent Director11.5yrs₹320.00kno data
Shallu Jindal
Non-Executive Director8.25yrs₹100.00kno data
Sudershan Garg
Independent Director7.67yrs₹320.00k0.00012% 188.1k

8.6yrs

Average Tenure

65.5yo

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: Insufficient data to determine if insiders have bought more shares than they have sold 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: ₹156.776b
  • 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 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. It also provides discrete and cut to length plates, and hot rolled coils that are used in general engineering and structural fabrication, railway wagons, pressure vessels and boilers, oil and gas pipelines, bridges and flyovers, shipbuilding, earthmoving equipment, wind mills, and defense equipment; angles and channels for infrastructure, and industrial and light construction segments; TMT rebars; wire rods for various applications; round bars; and fabricated sections. In addition, the company offers suspended concrete flooring systems for use in steel frame structures, RCC frame buildings, poured insitu or precast concrete frames, light gauge steel frames, and conventional structural brick wall constructions; semi-finished products for pipe industries, integrated mills, and rolling facilities; and coal-based sponge iron products. Further, it operates coal and iron ore mines located at various locations in India and internationally; a 3400 MW thermal power plant in Tamnar, Chhattisgarh; and a 258 KM long 400 KV double circuit transmission line to pump the power into the National Grid in India. Additionally, the company produces cement under the Jindal Panther brand; and provides structural steel fabrication and project management services for constructing steel buildings, as well as offers engineering based customized construction solutions. Jindal Steel & Power Limited was incorporated in 1979 and is based in New Delhi, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 12:35
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
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.