Jan 18, 2022 04:09 PM
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Jindal Steel & Power Ltd is in the Steel sector with a Market Capitalization of worth Rs. 42,682.57 crores, it is incorporated in the year 1979. It features consolidated sales of Rs. 10643.17 crores in June 2021. The company is also listed in the Bombay Stock Exchange (BSE) with the code 532286 and additionally listed in the National Stock Exchange (NSE) with the code JINDALSTEL.
Jindal Steel & Power Ltd, incorporated initially as Orbit Strips Ltd, was renamed on 12th June’1998. JSPL is a subsidiary of the Jindal Group. Jindal Steel & Power Ltd is the third-largest steel producer in the country in terms of tonnes produced. The company deals in iron and a wide range of iron-related products such as sponge iron, mild steel slabs, iron ore, mild steel, etc. JSPL has six subsidiaries located in India that deal in thermal power. In addition, it has subsidiaries outside India and in countries like Bolivia, Mauritius, and some countries on the African continent, mainly dealing in steel and power. The company's promoters currently hold 60.47% of the stake in the company, while the Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) hold 10.54% and 15.23% of the stake. The balance of 13.77% is owned by others (retail investors).
In June 2021, quarterly net sales were Rs. 10,384.60 crores, which has increased by approximately 65.34%% from Rs. 6,280.78 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 2,660.73 crores, which has grown by 427.15% from a net profit of Rs. 504.74 crores in June 2020. In June 2021, operating profit was reported at Rs. 7,605.73 crores, which is also increased by 72.36% as compared to an operating profit of Rs. 4,412.47 crores for the quarter ending in June 2020. From Rs. 4.95 in June 2020, the EPS of Jindal Steel & Power Ltd has grown to Rs. 26.09 per share in June 2021. JINDALSTEL's stock closed at Rs. 430.30 on 16th August’2021 (NSE) and has returned 39.44% in the last six months and 101.92% in the last year.
O P Jindal Marg, , Hisar, Haryana, 125005
Alankit Assignments Ltd
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|Face Value Equity Shares||:||1|
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