loader2
Partner With Us NRI

Jindal Steel & Power Ltd share Price Today

Company details

926.05
945.00
503.00
945.35
6M Return 47.19%
1Y Return 63.41%
Mkt Cap.(Cr) 96,117.79
Volume 2,839,898
Div Yield 0.21%
OI
-
OI Chg %
-
Volume 2,839,898

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Jindal Steel & Power announced Q2FY24 results:

  • Consolidated Q2FY24:
    • Reported PAT (Profit After Tax): Rs 1,390 crore (a remarkable 534% YoY growth)
    • Adjusted EBITDA (adjusted for one-off FX gains of Rs 73 crore): Rs 2,213 crore (a solid 19% YoY growth)
    • Production: 1.90 million tons (4% YoY growth)
    • Sales: 2.01 million tons (no YoY change)
    • Consolidated gross revenues: Rs 14,128 crore (a decrease of 9% YoY)
    • Share of exports increased to 13% in Q2FY24 compared to 12% in Q1FY24.
    • Net debt as of September 30, 2023: Rs 7,313 crore
    • Net debt to EBITDA ratio as of September 30, 2023: 0.77x
    • Total capex for the quarter: Rs 1,836 crore, primarily driven by expansion projects in India.
  • Standalone Q2FY24:
    • Gross revenue: Rs 13,953 crore (a decrease of 8% YoY), even in a seasonally weak quarter.
    • Adjusted EBITDA (adjusted for one-off FX gains of Rs 69 crore): Rs 2,244 crore (a substantial increase of 57% YoY).
    • Net profit for the quarter: Rs 1,109 crore, a significant improvement compared to a net loss of Rs 473 crore during Q2FY23.

Bimlendra Jha, Managing Director, said, “We are happy to see our coal mines finally starting. Shipments from Gare Palma IV/6 are already being received at Raigarh. Our quarterly results are significantly up year on year with sales volumes sustained in a traditionally weak quarter. We expect the demand to be robust in the second half of the current fiscal as India continues to march to a different drumbeat.” said Mr. Bimlendra Jha, Managing Director, Jindal Steel & Power, in a statement.

 

Result PDF

View Other Company Results

Jindal Steel & Power Ltd shares SWOT Analysis

Strengths (8)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Companies with rising net profit margins - quarterly as well as TTM basis

Weakness (3)

  • Promoters increased pledged shares QoQ
  • MFs decreased their shareholding last quarter
  • Declining Revenue every quarter for the past 3 quarters

Opportunity (1)

  • RSI indicating price strength

Threats (3)

  • Companies with growing costs YoY for long term projects
  • Red Flag: Resignation of Top Management
  • Increasing Trend in Non-Core Income

Resistance and support

R1 949.5
R2 956.7
R3 968.4
Pivot

937.77

S1 930.5
S2 918.8
S3 911.6
EMA SMA
894.7
845.4
794.7
731.5
897.5
832.9
781.0
721.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 498.9 661353 NSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-11-14 498.9 661353 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-03 470.05 661354 NSE
Name Category Shares
NAVEEN JINDAL PROMOTER 0.8%
OPJ TRADING PRIVATE LIMITED PROMOTER 18.47%
OPELINA SUSTAINABLE SERVICES PRIVATE LIMITED PROMOTER 14.42%
SIDDESHWARI TRADEX PRIVATE LIMITED PROMOTER 7.69%
VIRTUOUS TRADECORP PRIVATE LIMITED PROMOTER 6.31%
GAGAN INFRAENERGY LIMITED PROMOTER 4.87%
Naveen Jindal (as a trustee of Global Vision Trust) PROMOTER 1.1%
TEMPLAR INVESTMENTS LIMITED PROMOTER 0.73%
NACHO INVESTMENTS LIMITED PROMOTER 0.73%
MENDEZA HOLDINGS LIMITED PROMOTER 0.73%
JARGO INVESTMENTS LIMITED PROMOTER 0.73%
ESTRELA INVESTMENT COMPANY LIMITED PROMOTER 0.7%
JSL OVERSEAS LIMITED PROMOTER 0.64%
BEAUFIELD HOLDINGS LIMITED PROMOTER 0.59%

FINANCIALS

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

Jindal Steel & Power Ltd Stocks COMPARISON

Financials( in Cr) Jindal Steel & Power Ltd JSW Steel Ltd Tata Steel Ltd Steel Authority of India Ltd Jindal Stainless Ltd
Price 942.25 905.80 167.70 164.95 729.70
% Change 0.61 2.62 1.30 0.18 -1.09
Mcap Cr 96,117.79 221,509.22 209,348.83 68,133.01 60,086.05
Revenue TTM Cr 53,211.52 165,960.00 243,352.69 104,447.72 35,697.03
Net Profit TTM Cr 3,974.09 4,139.00 8,075.35 2,176.53 2,083.83
PE TTM 17.31 20.46 85.08 20.16 20.69
1 Year Return 63.41 25.74 57.46 101.16 169.31
ROCE 14.17 8.60 12.10 5.25 20.22
ROE 13.27 6.22 7.48 3.57 19.16
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 38,646.72 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,210.21 -2,288.40
LAST 3M 84,754.55 29,178.29
LAST 6M 143,739.62 78,000.86
LAST 12M 219,616.53 194,185.36

Jindal Steel & Power Ltd Information

Stock PE (TTM)
17.31
Promoter Holding
61.2%
Book Value
406.8565
ROCE
14.17%
ROE
13.27%
Description
  • Jindal Steel & Power Ltd. (JSPL) is a leading player in steel, power, oil, gas, mining, and infrastructure in India. It is a part of the diversified OP Jindal Group. It was incorporated in 1995 and is headquartered in New Delhi. Jindal Steel’s standalone net sales for the quarter ended March 2022 were Rs. 13,830.83 crore. The sales were up by 32.61% from March 2021. The company’s market capitalisation, as of 21 June 2022, was Rs. 33,346 crore.

    JSPL’s share is listed on the Bombay Stock Exchange with the code 532286, and on the National Stock Exchange with the code JINDALSTEL. The company is also listed on the MCX Stock Exchange.

    Jindal Tamnar Thermal Power Plant in Raigarh district, Chhattisgarh, is operated by Jindal Power Limited. The company is engaged in manufacturing and selling mild steel slabs, iron ore, hot rolled plates and coil, sponge iron, ferro chrome, mild steel, and coal-based sponge iron plant. The company excels in manufacturing 121 meters as rolled long track rails.

    As of 31 March 2022, the company’s shareholding pattern indicated a 60.45% stake with promoters, 9.70% stake with foreign institutional investors, 17.34% stake with domestic institutional investors, and 12.51% stake with the public. The highest promoter stake of 18.5% belonged to OPJ Trading Private Limited. The promoter’s pledge was 39.98%.

    Mr Naveen Jindal is the chairman of the company, Ms Savitri Jindal is the chairman emeritus, Mr V R Sharma is the managing director, Mr D K Saraogi is the whole-time director, and Mr Anil Wadhwa, Ms Aruna Sharma, Ms Kanika Agnihotri, Mr Sunjay Kapur, Ms Shivani Wazir Pasrich, and Mrs Shallu Jindal are the directors of the company. The auditors are Lodha & Co. On 31 March 2022, the company disclosed a total of 102.01 crore shares outstanding.

    On 21 June 2022, Jindal Steel’s share price on BSE closed at Rs. 326.85. JSPL’s share price on NSE closed at Rs. 326.90. The 52-week high for JSPL’s share price was Rs. 577.80, and the 52-week low for Jindal Steel and Power’s share price was Rs. 308.25.

    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 : 91-1662-222471-84
Email : investorcare:jindalsteel.com
Website : http://www.jindalsteelpower.com
Registrar

Alankit Assignments Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532286
NSE Code : JINDALSTEL
Book Closure Date (Month) :
BSE Group : A
ISIN : INE749A01030

FAQ’s on Jindal Steel & Power Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Apr 25, 2024 04:03 PM the closing price of Jindal Steel & Power Ltd was ₹ 942.25.

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 Apr 25, 2024 04:03 PM, the market cap of Jindal Steel & Power Ltd stood at ₹ 96,117.79.

The latest PE ratio of Jindal Steel & Power Ltd as of Apr 25, 2024 04:03 PM is 17.31

The latest PB ratio of Jindal Steel & Power Ltd as of Apr 25, 2024 04:03 PM is 0.43

The 52-week high of Jindal Steel & Power Ltd share price is ₹ 945.35 while the 52-week low is ₹ 503.00

Download Our

Download App
market app