loader2
Partner With Us NRI

Jindal Stainless Ltd share Price Today

Company details

694.00
723.60
276.10
748.00
6M Return 32.71%
1Y Return 147.81%
Mkt Cap.(Cr) 58,216.85
Volume 2,349,155
Div Yield 0.42%
OI
-
OI Chg %
-
Volume 2,349,155

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500
Performs well…
About The Stock

    Jindal Stainless (JSL) is among the leading stainless steel manufacturing companies in the world and India’s largest stainless steel manufacturer.

    • JSL operates an integrated stainless steel plant at Jajpur, Odisha. The complex has a total stainless steel capacity of 1.1 million tonnes per annum
    • The company has readily leveragable infrastructure for cost efficient brownfield expansion
Q4FY22 Results

    Jindal Stainless (JSL) reported a healthy Q4FY22 performance.

    • During Q4FY22, JSL reported a consolidated topline of  6564 crore, up 68% YoY and 16% QoQ, higher than our estimate of  6056 crore
    • Consolidated EBITDA for the quarter was at  842 crore, up 55% YoY and 6% QoQ, higher than our estimate of  804 crore
    • During the quarter, on a consolidated basis, JSL reported a net tax credit of ~ 31 crore compared to our estimate of tax expense of ~ 219 crore. Hence, ensuing consolidated PAT for Q4FY22 was at  750 crore, up 156% YoY and 70% QoQ, higher than our estimate of  453 crore

Click here for full recommendation

Research view on more stocks

Iron & Steel Products company Jindal Stainless announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Standalone performance:

  • Sales volume at 5,70,362 tonnes, up by 12% YoY
  • Net revenue at Rs 9,521 crore, nearly the same as previous year
  • EBITDA at Rs 827 crore, down by 25% YoY
  • PAT at Rs 476 crore, down by 28% YoY
  • Net debt at Rs 2,418 crore
  • Net debt-to-equity ratio at ~0.18

Consolidated performance:

  • Net revenue at Rs 9,454 crore
  • EBITDA at Rs 1,035 crore, down by 10% YoY
  • PAT at Rs 501 crore, down by 30% YoY

FY24 Financial Highlights:

Standalone performance:

  • Sales volume at 21,74,610 tonnes, up by 23% YoY
  • Net revenue at Rs 38,356 crore, up by 9% YoY
  • EBITDA at Rs 4,036 crore, up by 13% YoY
  • PAT at Rs 2,531 crore, up by 26% YoY

Consolidated performance:

  • Net revenue at Rs 38,562 crore, up by 8% YoY
  • EBITDA at Rs 4,704 crore, up by 31% YoY
  • PAT at Rs 2,693 crore, up by 29% YoY

Commenting on the performance of the company, Managing Director, Jindal Stainless, Abhyuday Jindal, said, “The last financial year has been an encouraging one. Riding strong on the Indian growth story, we have met our growth projections, and have recently added a new chapter to our expansion plans. This growth is underpinned by a sharp focus on operational efficiency, digitalization programs, people empowerment initiatives, market development, and customer satisfaction strategies. We continue to remain bullish on the Indian market while aiming to maintain our leadership position and ensuring sustainability in sourcing, processes, and products.”

Result PDF

View Other Company Results

Jindal Stainless Ltd shares SWOT Analysis

Strengths (10)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Growth stocks, promoters increasing shareholding

Weakness (3)

  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining profits every quarter for the past 2 quarters
  • Fall in Quarterly Revenue and Net Profit (YoY)

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 722.4
R2 737.8
R3 752.0
Pivot

708.20

S1 692.8
S2 678.6
S3 663.2
EMA SMA
700.3
686.8
647.4
569.2
705.2
695.6
650.7
562.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
THELEME INDIA MASTER FUND LIMITED Block Purchase 2024-05-10 679 850000 BSE
THELEME INDIA MASTER FUND LIMITED Block Sell 2024-05-10 679 850000 BSE
VIRTUOUS TRADECORP PRIVATE LIMITED Block Purchase 2024-03-01 652 3075000 NSE
Name Category Shares
Abhyuday Jindal PROMOTER 3.05%
JSL OVERSEAS HOLDING LTD PROMOTER 15.59%
JSL OVERSEAS LTD PROMOTER 12.3%
Virtuous Tradecorp Private Limited PROMOTER 7.38%
Sun Investments Pvt Ltd PROMOTER 3.33%
Jindal Equipment Leasing And Consultancy Services Limited PROMOTER 2.05%
Jindal Strips Limited PROMOTER 1.9%
Hexa Securities And Finance Co Ltd PROMOTER 1.77%
Vrindavan Services Private Limited PROMOTER 1.77%
Jsl Limited PROMOTER 1.69%
Mansarover Tradex Limited PROMOTER 1.36%
Siddeshwari Tradex Private Limited PROMOTER 0.99%
Gagan Trading Company Limited PROMOTER 0.88%
Colarado Trading Co Ltd PROMOTER 0.74%
Nalwa Investments Limited PROMOTER 0.61%
Jindal Infrastructure And Utilities Limited PROMOTER 0.56%
Stainless Investments Limited PROMOTER 0.52%

OUR RESEARCH VIEW

Investment recommendation
Performs well…
Call Date
09 May 2022
Entry Price 166.00
Target Price 225.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Jindal Stainless Ltd Stocks COMPARISON

Financials( in Cr) Jindal Stainless Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 707.00 915.80 173.30 1,077.70 3,699.75
% Change 0.78 -0.83 -0.60 0.82 0.54
Mcap Cr 58,216.85 223,954.68 216,339.61 109,934.88 71,553.91
Revenue TTM Cr 35,697.03 165,960.00 243,352.69 53,211.52 14,964.73
Net Profit TTM Cr 2,083.83 4,139.00 8,075.35 3,974.09 1,325.06
PE TTM 22.07 26.59 87.97 18.52 107.55
1 Year Return 147.81 29.97 65.05 105.22 36.41
ROCE 20.22 8.60 12.10 14.17 33.06
ROE 19.16 6.22 7.48 13.27 37.40
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 11,931.18 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 41,960.24 -29,509.50
LAST 3M 102,987.80 -35,737.56
LAST 6M 169,824.52 46,518.61
LAST 12M 263,691.56 126,663.80
Jindal Stainless Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 22, 2024 l NSE Announcement

Jindal Stainless Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 17, 2024 l NSE Announcement

Jindal Stainless Limited - Outcome of Board Meeting

May 16, 2024 l NSE Announcement

Date Action Type Ratio
Oct 27, 2023 Dividend 50
Sep 15, 2023 Dividend 75
Apr 28, 2023 Dividend 50

Jindal Stainless Ltd Information

Stock PE (TTM)
22.07
Promoter Holding
60.49%
Book Value
174.366
ROCE
20.22%
ROE
19.16%
Description
  • Jindal Stainless Ltd. is one of India’s largest stainless steel conglomerates. It is the largest manufacturer of stainless steel in 200, 300, 400 and duplex stainless steel products. The company was founded in 1970 by Shri O P Jindal. At the end of the June 2022 quarter, Jindal Stainless Ltd. posted a total income of Rs 5,490.91 crore, down 16.59% from the total income recorded in the March 2022 quarter. On 30 August 2022, the company’s market capitalisation stood at Rs 6,726 crore.  

    The company is listed on the Bombay Stock Exchange with the code 532508, and on the National Stock Exchange with the code JSL.  

    Jindal Stainless Ltd.’s product portfolio includes blooms, slabs, sheets, plates, blade steel, coin blanks, and precision strips made from stainless steel.  

    As per the company’s shareholding pattern on 30 June 2022, there was a foreign institutional investor stake of 13.77%, a domestic institutional investor stake of 5.85%, a public stake of 10.28%, and a promoter stake of 70.1%. In the June 2022 quarter, promoters unpledged 0.25% of shares, bringing the total pledge of promoter holdings to 78.07%. Promoter holdings increased from 69.87% to 70.10%, while mutual fund holdings decreased from 2.68% to 2.28%.  

    Jindal Stainless Ltd.’s top management comprises Mr Abhyuday Jindal, Mr Ratan Jindal, Mr Tarun Kumar Khulbe, Mr Jayaram Easwaran, Mr Parveen Kumar Malhotra, Ms Bhaswati Mukherjee, Ms Suman Jyoti Khaitan, Mrs Savitri Devi Jindal, and Mrs Arti Luniya. The company has Walker Chandiok & Co. LLP as its auditors. On 30 June 2022, the company’s total outstanding shares were 52.55 crores.  

    On 30 August 2022, the company’s share price closed at Rs 127.95 on BSE. Jindal Stainless Ltd’s share price closed at Rs 128 on NSE. The 52-week high for the company’s share price was Rs 224.40, and the 52-week low share price for Jindal Stainless Ltd. was Rs 95.05. The share’s one-year return to its investors was -15.29%.  

    The company’s peers include JSW Steel Ltd., Tata Steel Ltd., Hindalco Industries Ltd., and Jindal Steel & Power Ltd.  

    In August 2022, SBI Credit Risk Fund had a 2.95% stake in Jindal Stainless Ltd. SBI Magnum Income Fund had a 2.85% stake, and SBI Magnum Medium Duration Fund had a 2.52% stake. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose 

Registered Address

O P Jindal Marg, , Hisar, Haryana, 125005

Tel : 91-1662-222471-83
Email : investorcare:jindalstainless.com
Website : http://www.jindalstainless.com
Registrar

Abhipra Capital Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532508
NSE Code : JSL
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE220G01021

FAQ’s on Jindal Stainless Ltd Shares

You can buy Jindal Stainless Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Jindal Stainless Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 22, 2024 03:59 PM the closing price of Jindal Stainless Ltd was Rs.707.00.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 22, 2024 03:59 PM, the market cap of Jindal Stainless Ltd stood at Rs. 58,216.85.

The latest PE ratio of Jindal Stainless Ltd as of May 22, 2024 03:59 PM is 22.07

The latest PB ratio of Jindal Stainless Ltd as of May 22, 2024 03:59 PM is 0.25

The 52-week high of Jindal Stainless Ltd share price is Rs. 748.00 while the 52-week low is Rs. 276.10

According to analyst recommendations, Jindal Stainless Ltd Share has a "Buy" rating for the long term.

Download App

Download Our App

Play Store App Store
market app