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Nalwa Sons Investments Ltd

Company details

2,115.70
2,156.55
1,228.35
2,787.95
6M Return 51.34%
1Y Return 31.51%
Mkt Cap.(Cr) 1,099.10
Volume 96
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 96

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 7,939.16 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 9,798.25 -25,291.97
LAST 3M 27,044.95 -25,544.90
LAST 6M 49,131.67 47,902.81
LAST 12M 178,925.96 -114,950.83

INFORMATION

Stock PE (TTM)

11.55

Promoter Holding

55.62%

Book Value

12976.8613

ROCE

1.22%

ROE

1.01%

Description

  • 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 multi-plant, multi-location company. It manufactures stainless steel strips at Hisar, wide strip hot and cold-rolled 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 in-house. The stainless steel produced by the company is mostly used for utensils, while cold-rolled coils are partially used captively by a group concern for GP/GC sheets and the remaining is sold to the automobile and two-wheeler industry. JSL one of India`s 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 6,00,000 tpa of sponge iron and 5,00,000 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 1994-95, Brahmputra Capital and Finance Services Pvt. Ltd. became a subsidiary. During the year 1998-99, as per the scheme of arrangement between Jindal Strips and Jindal Steel & Power Ltd(JSPL), 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 90,000 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 60,000 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, Cross-Border IT (India), to foray into the global IT services business. It becomes the second company from the Rs 4,000-crore O P Jindal Group to diversify into the high net worth IT sector after Jindal Steel and Power. As a part of restructuring the company,Jindal 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 bonds,bonus shares are to be issued to Jindal Stainless Steel Ltd and the same was approved by the Hon`ble 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.

Registered Address

28 Najafgarh Road, Moti Nagar Industrial Area, New Delhi, New Delhi, 110015

Tel : 91-011-45021854/45021812
Email : investorcare:nalwasons.com
Website : http://www.nalwasons.com

Registrar

Abhipra Capital Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532256
NSE Code : NSIL
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE023A01030

ICICIdirect Nalwa Sons Investments Ltd FAQ

You can buy Nalwa Sons Investments Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Nalwa Sons Investments Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jan 31, 2023 04:01 PM the closing price of Nalwa Sons Investments Ltd was ₹ 2,140.00.
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 Jan 31, 2023 04:01 PM, the market cap of Nalwa Sons Investments Ltd stood at ₹ 1,099.10.
The latest PE ratio of Nalwa Sons Investments Ltd as of Jan 31, 2023 04:01 PM is 11.55
The latest PB ratio of Nalwa Sons Investments Ltd as of Jan 31, 2023 04:01 PM is 6.10
The 52-week high of Nalwa Sons Investments Ltd is ₹ 2,787.95 while the 52-week low is ₹ 1,228.35

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