Financials Jindal Stainless Limited

Equities

JSL

INE220G01021

Iron & Steel

Market Closed - NSE India S.E. 07:40:30 2024-05-21 am EDT 5-day change 1st Jan Change
701.6 INR -0.78% Intraday chart for Jindal Stainless Limited -1.41% +22.63%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,456 11,742 32,937 106,439 238,631 579,821 - -
Enterprise Value (EV) 1 19,456 44,953 32,937 136,160 268,905 571,834 636,837 616,751
P/E ratio 13.7 x 16.3 x 7.97 x 5.57 x 11.3 x 21.1 x 15.3 x 12.4 x
Yield - - - - 0.86% 0.42% 0.42% 0.46%
Capitalization / Revenue 0.14 x 0.09 x 0.27 x 0.5 x 0.67 x 1.48 x 1.21 x 1.06 x
EV / Revenue 0.14 x 0.35 x 0.27 x 0.64 x 0.75 x 1.48 x 1.33 x 1.13 x
EV / EBITDA 1.67 x 3.95 x 2.31 x 4.56 x 7.5 x 12.2 x 10.2 x 8.44 x
EV / FCF 1.6 x 4.57 x 2.89 x 42.8 x 18.7 x -60.8 x -52.5 x 16.1 x
FCF Yield 62.3% 21.9% 34.6% 2.34% 5.35% -1.65% -1.91% 6.2%
Price to Book 0.75 x 0.43 x 1.03 x 2.05 x 2 x 4 x 3.24 x 2.6 x
Nbr of stocks (in thousands) 479,222 487,235 487,235 525,495 823,435 823,435 - -
Reference price 2 40.60 24.10 67.60 202.6 289.8 704.2 704.2 704.2
Announcement Date 5/20/19 6/6/20 5/14/21 5/2/22 5/17/23 5/15/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 135,573 129,509 121,885 212,234 356,970 385,625 478,810 546,418
EBITDA 1 11,646 11,395 14,242 29,871 35,861 47,043 62,271 73,097
EBIT 1 8,131 7,143 8,194 26,718 29,724 38,255 52,959 62,754
Operating Margin 6% 5.52% 6.72% 12.59% 8.33% 9.92% 11.06% 11.48%
Earnings before Tax (EBT) 1 2,217 1,653 6,897 24,421 27,740 35,925 50,337 62,583
Net income 1 1,424 713.2 4,192 18,813 21,145 27,132 37,757 46,727
Net margin 1.05% 0.55% 3.44% 8.86% 5.92% 7.04% 7.89% 8.55%
EPS 2 2.970 1.480 8.480 36.39 25.68 32.94 45.89 56.70
Free Cash Flow 1 12,126 9,835 11,400 3,181 14,399 -10,271 -12,136 38,249
FCF margin 8.94% 7.59% 9.35% 1.5% 4.03% -2.56% -2.53% 7%
FCF Conversion (EBITDA) 104.12% 86.31% 80.05% 10.65% 40.15% - - 52.33%
FCF Conversion (Net income) 851.63% 1,379.05% 271.93% 16.91% 68.1% - - 81.86%
Dividend per Share 2 - - - - 2.500 2.986 2.929 3.250
Announcement Date 5/20/19 6/6/20 5/14/21 5/2/22 5/17/23 5/15/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 35,846 39,136 40,327 50,267 56,700 65,635 54,741 56,045 63,497 97,651 101,840 103,208 93,022 96,411
EBITDA 1 4,796 5,422 6,010 7,740 8,279 8,416 5,486 3,583 5,603 11,439 11,924 12,834 12,093 10,865
EBIT - - 5,311 6,814 - - 4,735 - 4,660 - - 11,456 9,768 8,564
Operating Margin - - 13.17% 13.56% - - 8.65% - 7.34% - - 11.1% 10.5% 8.88%
Earnings before Tax (EBT) 1 - - - - - - - - - 9,572 9,806 9,798 10,013 -
Net income 1 1,702 2,892 3,028 4,075 - - - 1,591 3,143 7,658 7,458 7,648 6,762 5,322
Net margin 4.75% 7.39% 7.51% 8.11% - - - 2.84% 4.95% 7.84% 7.32% 7.41% 7.27% 5.52%
EPS 2 - 5.870 - 7.900 - - - 3.030 5.980 9.300 9.060 14.40 8.555 -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 2/4/21 5/14/21 7/26/21 10/26/21 2/7/22 5/2/22 7/25/22 11/2/22 1/23/23 5/17/23 7/26/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 33,211 - 29,721 30,274 44,181 57,016 36,930
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 2.915 x - 0.995 x 0.8442 x 0.8985 x 0.9156 x 0.5052 x
Free Cash Flow 1 12,126 9,835 11,400 3,181 14,399 -10,271 -12,136 38,249
ROE (net income / shareholders' equity) 5.63% 2.69% 12.1% 44.8% 19.4% 21.2% 23.5% 23.2%
ROA (Net income/ Total Assets) - - - - - 10.3% 11.2% 11.6%
Assets 1 - - - - - 279,328 337,119 402,818
Book Value Per Share 2 54.00 55.80 65.80 98.70 145.0 176.0 217.0 271.0
Cash Flow per Share 2 - - - - - 45.80 58.50 68.60
Capex 1 2,061 1,968 1,678 7,652 16,557 43,242 51,855 17,525
Capex / Sales 1.52% 1.52% 1.38% 3.61% 4.64% 10.79% 10.83% 3.21%
Announcement Date 5/20/19 6/6/20 5/14/21 5/2/22 5/17/23 5/15/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
704.2 INR
Average target price
762.1 INR
Spread / Average Target
+8.23%
Consensus
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