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Jindal Steel & Power Ltd (JINDALSTEL)

₹989.951.99%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 24 analysts

BUY

62.50%

Buy

16.67%

Hold

20.83%

Sell

Based on 24 analysts offering long term price targets for Jindal Steel & Power Ltd. An average target of ₹1000.08

Source: S&P Global Market Intelligence

Jindal Steel & Power Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹976.4
    ₹1,014.9
  • 52 Week's Low

    52 Week's High

    ₹581.6
    ₹1,097
1 Month Return-2.34 %
3 Month Return+ 11.5 %
1 Year Return+ 59.29 %
Previous Close₹1,010.05
Open₹1,014.90
Volume47.64L
Upper Circuit-
Lower Circuit-
Market Cap₹1,03,034.00Cr

Key Statistics

P/E Ratio17.08
PEG Ratio0.62
Market Cap₹1,03,034.00 Cr
P/B Ratio1.35
EPS39.54

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Kotak Flexicap Fund Direct GrowthKotak Flexicap Fund Direct Growth4.09%
HDFC Mid-Cap Opportunities Fund -Direct Plan - Growth OptionHDFC Mid-Cap Opportunities Fund -Direct Plan - Growth Option2.22%
Kotak Equity Opportunities Direct GrowthKotak Equity Opportunities Direct Growth2.26%
SBI Bluechip Fund Direct GrowthSBI Bluechip Fund Direct Growth1.06%
SBI Large & Midcap Fund Direct GrowthSBI Large & Midcap Fund Direct Growth1.54%

Company Information

Jindal Steel & Power Ltd (JSPL) is an Indian steel and energy company based in New Delhi, India. It was incorporated in the year 1952 and operates in various lines of business including steel and power production, mining, oil and gas exploration and production, and infrastructure. JSPL is one of the top steel producers in India and is the largest producer of sponge iron in the world.

JSPL is a leading manufacturer of steel products such as bars, plates, coils, and structural steel. It also produces a range of value-added products such as hot-rolled coils, cold-rolled coils, galvanized coils, and pre-painted galvanized coils. JSPL's popular steel brands include Jindal Panther, Jindal U-Tuf, and Jindal SAW. The company also produces and supplies electricity to over 4 million households in India.

JSPL also has a strong presence in the oil and gas exploration and production sector. It is one of the leading players in the Indian oil and gas sector and produces a variety of oil and gas products such as crude oil, natural gas, and petroleum products.

Share Price: ₹989.95 per share as on 18 Jul, 2024 04:01 PM
Market Capitalisation: ₹1,03,034.00Cr as of today
Revenue: ₹13,486.96Cr as on March 2024 (Q1 24)
Net Profit: ₹933.46Cr as on March 2024 (Q1 24)
Listing date: 22 Sep, 1999
Chairperson Name: Naveen Jindal
OrganisationJindal Steel & Power Ltd
HeadquartersNew Delhi
IndustrySteel
E-voting on sharesClick here to vote

Key events for Jindal Steel & Power Ltd

  • Jindal Steel Faces Weak Earnings Growth and Low P/E Ratio - 17 Jul, 2024

    Jindal Steel & Power Limited faces weak earnings growth compared to the market's predicted 22% growth per annum, contributing to its low P/E ratio. However, Jindal Steel's emotional branding campaign 'The Steel of India' showcases the power of an emotional connection with consumers.

  • Jindal Steel & Power Expected to Report Q1 Net Profit of Rs. 1,200 Crore - 16 Jul, 2024

    Prabhudas Lilladher expects Jindal Steel & Power's Q1 net profit to be at Rs. 1,200 crore, down 28.7% YoY but up 28.6% QoQ. Net sales are expected to increase by 8% YoY to Rs. 13,600 crore, while EBITDA is likely to rise by 0.2% YoY to Rs. 2,630 crore.

  • Jindal Steel & Power to Expand Angul Facility - 10 Jul, 2024

    Jindal Steel & Power is working on expanding its Angul facility in Odisha, aiming to achieve 12 MTPA capacity from the existing 6 MTPA next year. The company plans to build the world's largest steel plant in Angul with a capacity of 25 MTPA over the next six years.

  • Jindal Steel & Power to Double Capacity of Angul Facility - 09 Jul, 2024

    Jindal Steel & Power plans to double the capacity of its Angul facility in Odisha to 12 MTPA by next year and construct the world's largest steel plant with a capacity of 25 MTPA in the next six years. The company is exploring opportunities for industry expansion, including special grade and green steel development, and infrastructure growth.

  • Jindal Steel's 'The Steel of India' Campaign Wins Two Lions at Cannes - 08 Jul, 2024

    Jindal Steel & Power Ltd's campaign, The Steel of India, won two awards at the 2024 Cannes Lions - Silver in editing and Bronze in direction. However, on April 24, 2024, the Delhi High Court ruled that the campaign was similar to one already on air, leading to an out-of-court settlement between Jindal Steel and Wieden + Kennedy India.

  • Jindal Steel And Power Ltd Stock Update - 02 Jul, 2024

    Jindal Steel And Power Ltd (NSE: JINDALSTEL) is currently trading at 1,057.55 INR on the National Stock Exchange (NSE), showing a decrease of 1.95 INR, or 0.18%, today.

  • Jindal Steel & Power Shareholders Up 687% Over 5 Years - 29 Jun, 2024

    Despite a 3.0% pullback in the past week, Jindal Steel & Power shareholders are still up 687% over 5 years. The company has moved from loss to profitability, which justifies a strong share price gain. However, it is not clear if the company will grow revenue.

  • JSPL to Look for 2-3 Large Mines, Will Be Pragmatic in Bidding - 28 Jun, 2024

    Jindal Steel and Power Ltd (JSPL) plans to bid on 2-3 large mines but will be pragmatic in its approach. Mines in Odisha are expected to attract higher premiums due to better quality ore.

  • Jindal Steel's 'Steel of India' Campaign in Controversy Over Idea Theft - 24 Jun, 2024

    Advertising agency Wieden+Kennedy (W+K) India has accused Jindal Steel and Power of plagiarizing a campaign concept they had originally pitched, igniting a fierce debate within the advertising industry. The controversy raises important questions about the protection of creative ideas and the responsibilities of agencies and clients in safeguarding them.

  • Jindal Steel Shares Projected to Hit ₹1,240 Mark - 19 Jun, 2024

    Jindal Steel & Power Ltd gained 0.99% to trade at Rs 1042.85 on BSE Metal index, while Kotak Institutional Equities assigned a 20% upside to its shares, projecting them to hit the ₹1,240 mark in a year due to ongoing expansion projects and lower costs.

  • SEBI Imposes Penalty on OP Jindal Group Firm - 18 Jun, 2024

    The Securities and Exchange Board of India has imposed penalties totaling Rs 35 lakh on Hexa Tradex Ltd, a firm of the OP Jindal Group, along with its promoters and directors, for violating delisting norms and other disclosure regulations.

Insights on Jindal Steel & Power Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 11.75% to 11.93% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 11.73K Cr → 13.52K Cr (in ₹), with an average increase of 13.2% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 10.00% to 10.41% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, JINDALSTEL has outperformed top 5 stocks with highest market-cap in Iron & Steel

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Bharat Forge Ltd has given 89.9% return, outperforming this stock by 30.7%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 61.20% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 12.11% to 11.43% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, JINDALSTEL stock has moved down by -2.3%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 1.92K Cr → 935.37 Cr (in ₹), with an average decrease of 51.5% per quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹13,486.96Cr
↑15.26%
Net Income
₹933.46Cr
↓51.58%
Net Profit Margin
6.92%
↓58.01%
2023Y/Y Change
Revenue
₹53,211.52Cr
↑4.00%
Net Income
₹3,974.09Cr
↓41.26%
Net Profit Margin
7.47%
↓43.49%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹69,377.33Cr
↓8.20%
Total Liabilities
₹28,820.48Cr
↓18.15%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹6,351.03Cr
↓55.23%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
61.2%
0.00
Foreign Institutions
11.93%
0.00
Mutual Funds
11.43%
0.00
Retail Investors
10.41%
0.00
Others
5.03%
0.00

Key Indicators

Jindal Steel & Power Ltd Valuation

Jindal Steel & Power Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-230.65x)

October 1, 2018

Today (17.08x)

July 16, 2024

Industry (29.59x)

July 16, 2024

Highest (398.05x)

August 20, 2020

LowHigh

Earnings and Dividends

  • Jindal Steel & Power Ltd Earnings Results

    Jindal Steel & Power Ltd’s net profit jumped 102.22% since last year same period to ₹935.37Cr in the Q4 2023-2024. On a quarterly growth basis, Jindal Steel & Power Ltd has generated -51.49% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Jindal Steel & Power Ltd Dividends May,2023

    In the quarter ending March 2023, Jindal Steel & Power Ltd has declared dividend of ₹2 - translating a dividend yield of 0.40%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Jindal Steel & Power Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Jindal Steel & Power Ltd (JINDALSTEL) share price today is ₹989.95

Jindal Steel & Power Ltd is listed on NSE

Jindal Steel & Power Ltd is listed on BSE

  • Today’s highest price of Jindal Steel & Power Ltd is ₹1014.9.
  • Today’s lowest price of Jindal Steel & Power Ltd is ₹976.4.

PE Ratio of Jindal Steel & Power Ltd is 17.08

PE ratio = Jindal Steel & Power Ltd Market price per share / Jindal Steel & Power Ltd Earnings per share

Today’s traded volume of Jindal Steel & Power Ltd(JINDALSTEL) is 47.64L.

Today’s market capitalisation of Jindal Steel & Power Ltd(JINDALSTEL) is ₹103034Cr.

Jindal Steel & Power Ltd(JINDALSTELPrice
52 Week High
₹1097
52 Week Low
₹581.6

Jindal Steel & Power Ltd(JINDALSTEL) share price is ₹989.95. It is down -9.76% from its 52 Week High price of ₹1097

Jindal Steel & Power Ltd(JINDALSTEL) share price is ₹989.95. It is up 70.21% from its 52 Week Low price of ₹581.6

Jindal Steel & Power Ltd(JINDALSTELReturns
1 Day Returns
-20.1%
1 Month Returns
-2.34%
3 Month Returns
11.5%
1 Year Returns
59.29%