Nalwa Sons Investments Ltd
NSIL

Nalwa Sons Investments Ltd (NSIL)

₹13300.69%

Key Stats

₹1305
Day's Price Range
₹1350.05
₹1282
52-Week Price Range
₹2300
1 Month Return-28.8 %
3 Month Return-17.48 %
1 Year Return-17.65 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 87
10.18
EPS
Rank 25
₹129.72
BVPS
Rank 5
₹9940.51
Dividend Yield
Rank 73
ROE
Rank 331
0.81%
Price To Book Ratio
Rank 15
0.13
Debt To Asset
Rank 195
0.11

Company Information

Jindal Strips promoted by O P Jindal and Associates incorporated in Nov.70 and became public in 1975 which started with a single plant at Hisar has now become a multiplant multilocation company. It manufactures stainless steel strips at Hisar wide strip hot and coldrolled coils from imported slabs at Vasind and sponge iron at Raigarh. JSL is one of the few companies in the iron and steel industry without any technical collaboration all its technology is developed inhouse. The stainless steel produced by the company is mostly used for utensils while coldrolled coils are partially used captively by a group concern for GP/GC sheets and the remaining is sold to the automobile and twowheeler industry. JSL one of Indias largest stainless steel producers with a market share of 40.The company came out with an issue of partly convertible debentures in Apr.92 to finance the expansion of capacity to 600000 tpa of sponge iron and 500000 tpa of pig iron. It has also to set up a captive power plant of 45 MVA. Jindal Holdings is a subsidiary of the company. In 199495 Brahmputra Capital and Finance Services Pvt. Ltd. became a subsidiary.During the year 199899 as per the scheme of arrangement between Jindal Strips and Jindal Steel Power LtdJSPL the former hived off its Raigarh and Raipur divisons to JSPL. In Dec.99 it placed 5.75 foreign currency convertible bonds FCCBs to the international investors for an aggregate amount of USD 30 million. The issue was oversubscribed to the extent of USD 3.5 million. The Vasind division of the company has been hived off to a subsidiary Jindal Steel Alloy Ltd w.e.f from Jan.2000.The Phase II of the stainless steel cold rolling project wherein the cold rolling capacity was increased to 90000 tpa and has commenced trial run production. All the value additional lines constituting of skin pass mill strip grinding line and bright annealing line have already been commissioned. The company acquired a 60000 tpa stainless steel cold rolling facility of Bethlehem Steel at Massillon USA at a project cost of USD 5 million.JSL has decided to incorporate a wholly owned IT subsidiary CrossBorder IT India to foray into the global IT services business. It becomes the second company from the Rs 4000crore O P Jindal Group to diversify into the high net worth IT sector after Jindal Steel and Power.As a part of restructuring the companyJindal Strips has demerged its Stainless Steel division to Jindal Stainless Steel Ltd. Pursuant to the Scheme of Arrangement between both the companies in addition to holders of euro bondsbonus shares are to be issued to Jindal Stainless Steel Ltd and the same was approved by the Honble Punjab and Haryana Court. Henceforth Jindal Strips will be deemed NBFC Company as per the RBI act. It is taking steps to get registered as NBFC company.
OrganisationNalwa Sons Investments Ltd
HeadquartersNew Delhi
IndustryFinance