Jindal Stainless Ltd (JSL)
₹752.5▲2.53%
Analyst Rating
based on 8 analysts
62.50%
Buy
12.50%
Hold
25.00%
Sell
Based on 8 analysts offering long term price targets for Jindal Stainless Ltd. An average target of ₹762.12
Source: S&P Global Market Intelligence
Jindal Stainless Ltd Share analysis
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹737₹762.8552 Week's Low
52 Week's High
₹355.6₹848
| Returns % | |
| 1 Month Return | -8.36 % |
| 3 Month Return | -0.52 % |
| 1 Year Return | + 103.79 % |
| Market Stats | |
| Previous Close | ₹733.95 |
| Open | ₹747.15 |
| Volume | 4.87L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹60,435.98Cr |
Key Statistics
| P/E Ratio | 22.27 |
| PEG Ratio | 3.06 |
| Market Cap | ₹60,435.98 Cr |
| P/B Ratio | 2.08 |
| EPS | 3.03 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
 | BUY | ₹60,435.98 Cr | 469.3% | 0.63 | ₹2,083 Cr | ₹35,697 Cr |
 | NA | ₹30,243.68 Cr | 163.43% | 0.54 | ₹295 Cr | ₹1,677 Cr |
 | BUY | ₹19,077.27 Cr | 16.34% | 0.57 | ₹848 Cr | ₹12,610 Cr |
 | HOLD | ₹9,730.66 Cr | 47.23% | 0.51 | ₹248 Cr | ₹1,038 Cr |
 | BUY | ₹25,045.27 Cr | 91.69% | 0.53 | ₹512 Cr | ₹4,474 Cr |
Company Information
Share Price: ₹752.50 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹60,435.98Cr as of today
Revenue: ₹9,454.02Cr as on March 2024 (Q1 24)
Net Profit: ₹500.65Cr as on March 2024 (Q1 24)
Listing date: 18 Nov, 2003
Chairperson Name: Ratan Jindal
| Organisation | Jindal Stainless Ltd |
| Headquarters | New Delhi |
| Industry | Steel |
| E-voting on shares | Click here to vote |
Key events for Jindal Stainless Ltd
Jindal Stainless Welcomes Duty Exemptions - 23 Jul, 2024
Jindal Stainless welcomes recent duty exemptions on ferro nickel and zero duty on ferrous scrap and pure nickel. Abhyuday Jindal cites these moves as significant steps to maintain competitiveness in the industry.
Jindal Stainless Urges Govt to Remove Customs Duty on Ferro Nickel and Molybdenum - 21 Jul, 2024
Jindal Stainless has requested the government to remove customs duty on ferro nickel and molybdenum in the upcoming budget to ensure access to these raw materials at competitive prices. The present customs duty on ferro nickel is 2.5%, while for ferro molybdenum, it is 5%. JSL's MD proposed a long-term waiver of basic customs duty on both to ensure industry access.
Jindal Stainless Expected to Report Lower Net Profit; MD Believes in AI for Industry Reshaping - 16 Jul, 2024
Jindal Stainless is expected to report lower net profits according to Prabhudas Lilladher. Meanwhile, Abhyuday Jindal, MD of Jindal Stainless, believes that AI will reshape the stainless steel industry and keep India's manufacturing sector globally competitive.
Jindal Stainless MD Voices Concerns Over Chinese Dumping - 12 Jul, 2024
Abhyuday Jindal, Managing Director of Jindal Stainless Ltd, has expressed concerns over the near doubling of Chinese dumping of stainless steel at subsidised rates in the last three years. Despite this, demand in India remains strong and is expected to grow 8-10% supported by an infra-push. Export markets, the US and Europe, are slowly picking up.
Jindal Stainless Ltd's Net Debt Increases to Rs 36.2b - 04 Jul, 2024
Jindal Stainless Limited's net debt has increased to about Rs 36.2b due to a rise in total debt and cash reserves. While the low debt to EBITDA ratio suggests modest use of debt, financing costs may impact the business. However, the company has boosted its EBIT by 30%, reducing future debt repayments and enhancing returns for shareholders.
Jindal Stainless Acquires Singapore-Based Firm for Joint Venture in Indonesia - 01 Jul, 2024
Jindal Stainless has completed the acquisition of Sulawesi Nickel Processing Industries Holdings Pte., a Singapore-based firm, to establish a joint venture in Indonesia aimed at investing in, developing, constructing, and operating a stainless steel melt shop.
Insights on Jindal Stainless Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTFII Holding Up
Foreign Institutions have increased holdings from 20.83% to 22.49% in Jun 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 9.17K Cr → 9.50K Cr (in ₹), with an average increase of 3.5% per quarter
- POSITIVE IMPACT
Best in 3 Years
In the last 3 years, JSL has outperformed top 5 stocks with highest market-cap in Iron & Steel
- POSITIVE IMPACT
Best in 1 Year
In the last 1 year, JSL has outperformed top 5 stocks with highest market-cap in Iron & Steel
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 60.49% of holdings in Jun 2024 quarter
NEGATIVE IMPACTMF Holding Down
Mutual Funds have decreased holdings from 4.23% to 3.94% in Jun 2024 quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 12.05% to 10.77% in Jun 2024 quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 3 quarters, 774.33 Cr → 500.74 Cr (in ₹), with an average decrease of 19.1% per quarter
- NEGATIVE IMPACT
Price Dip
In the last 7 days, JSL stock has moved down by -7.7%
Company Financials
| Q'1 24 | Q/Q Change | |
|---|---|---|
Revenue | ₹9,454.02Cr | ↑3.58% |
Net Income | ₹500.65Cr | ↓27.57% |
Net Profit Margin | 5.30% | ↓29.99% |
| 2023 | Y/Y Change | |
|---|---|---|
Revenue | ₹35,697.03Cr | ↑9.06% |
Net Income | ₹2,083.83Cr | ↓32.98% |
Net Profit Margin | 5.84% | ↓38.53% |
| 2023 | Y/Y Change | |
|---|---|---|
Total Assets | ₹26,215.07Cr | ↑22.37% |
Total Liabilities | ₹14,758.18Cr | ↑23.22% |
| 2023 | Y/Y Change | |
|---|---|---|
Operating Cash Flow | ₹2,833.58Cr | ↑154.99% |
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 60.49% | ||
| Foreign Institutions | 22.49% | 7.95 | |
| Mutual Funds | 3.94% | ||
| Retail Investors | 10.77% | ||
| Others | 2.31% |
Key Indicators
Jindal Stainless Ltd Valuation
Jindal Stainless Ltd in the last 5 years
Lowest (-73.53x)
December 29, 2020
Today (22.27x)
July 23, 2024
Industry (28.16x)
July 23, 2024
Highest (70.34x)
January 12, 2021
Earnings and Dividends
Jindal Stainless Ltd Earnings Results
Jindal Stainless Ltd’s net profit fell -34.61% since last year same period to ₹500.74Cr in the Q4 2023-2024. On a quarterly growth basis, Jindal Stainless Ltd has generated -27.67% fall in its net profits since last 3-months.
Read More about Earnings ResultsJindal Stainless Ltd Dividends October,2023
In the quarter ending September 2023, Jindal Stainless Ltd has declared dividend of ₹1 - translating a dividend yield of 0.48%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Jindal Stainless Ltd is currently in a Bearish trading position according to technical analysis indicators.
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Jindal Stainless Ltd (JSL) share price today is ₹752.5
Jindal Stainless Ltd is listed on NSE
Jindal Stainless Ltd is listed on BSE
- Today’s highest price of Jindal Stainless Ltd is ₹762.85.
- Today’s lowest price of Jindal Stainless Ltd is ₹737.
PE Ratio of Jindal Stainless Ltd is 22.27
PE ratio = Jindal Stainless Ltd Market price per share / Jindal Stainless Ltd Earnings per share
Today’s traded volume of Jindal Stainless Ltd(JSL) is 4.87L.
Today’s market capitalisation of Jindal Stainless Ltd(JSL) is ₹60435.98Cr.
| Jindal Stainless Ltd(JSL | Price |
|---|---|
52 Week High | ₹848 |
52 Week Low | ₹355.6 |
Jindal Stainless Ltd(JSL) share price is ₹752.5. It is down -11.26% from its 52 Week High price of ₹848
Jindal Stainless Ltd(JSL) share price is ₹752.5. It is up 111.61% from its 52 Week Low price of ₹355.6
| Jindal Stainless Ltd(JSL | Returns |
|---|---|
1 Day Returns | 18.55% |
1 Month Returns | -8.36% |
3 Month Returns | -0.52% |
1 Year Returns | 103.79% |