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    539597   INE455T01018

JINDAL STAINLESS (HISAR) LIMITED

(539597)
  Report
End-of-day quote Bombay Stock Exchange  -  05-19
291.25 INR   +5.37%
05/05Jindal Stainless Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2022
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05/05Jindal Stainless Limited Reports Earnings Results for the Full Year Ended March 31, 2022
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04/30Jindal Stainless Limited Announces Change in Management
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Jindal Stainless Limited Commissions Phase I of Brownfield Expansion at Specialty Products Division

10/20/2021 | 06:05am EDT

Jindal Stainless (Hisar) Limited commissioned the 26,000 tonnes per annum capacity Precision Strip Mill as part of the first phase of its latest brownfield expansion plan at its state-of-the-art Specialty Products Division. This capacity expansion takes the total precision strip production capacity to 48,000 TPA from the existing 22,000 TPA. The capacity expansion of precision strips will further strengthen the company's presence in segments like auto, process industry, and oil and petrochemical, and will be augmenting supplies to aerospace and electric vehicles. The capacity expansion at SPD is part of the company's plan to leverage its leadership position in specialty and value-added products. After this expansion, operational capability will expand and products up to 650 mm width would be manufactured. This expansion will further help the Company consolidate its leadership position in the international market. The total CapEx for brownfield expansion is estimated at INR 450 crore over next two years. As part of the expansion of SPD, JSHL will increase its total precision strip capacity to 60,000 tonnes per annum by the end of Q2FY23 with an estimated CapEx of INR 250 crore. To expand its market outreach, the Company will also augment its blade steel capacity to 24,000 TPA from the existing 14,000 TPA over a period of two years with an estimated total CapEx of INR 200 crore. JSHL is among the world's leading razor blade steel producers and supplies to global brands in this space. The plant is equipped to produce blade steel in thickness as low as 0.07mm; nearly 20 billion blades are made out of Company's blade steel every year.


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All news about JINDAL STAINLESS (HISAR) LIMITED
05/05Jindal Stainless Limited Reports Earnings Results for the Fourth Quarter Ended March 31..
CI
05/05Jindal Stainless Limited Reports Earnings Results for the Full Year Ended March 31, 202..
CI
04/30Jindal Stainless Limited Announces Change in Management
CI
04/13Jindal Stainless' (Hisar) Total Sales Volume Climbs 22% in Fiscal 2022
MT
03/28CARE Assigns A1+ Rating on Jindal Stainless' (Hisar) Commercial Paper
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02/10Jindal Stainless' (Hisar) Consolidated Profit Doubles in Fiscal Q3
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02/09Jindal Stainless Limited Reports Earnings Results for the Third Quarter and Nine Months..
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02/02India Ratings Improves Jindal Stainless' Rating to AA-; Outlook Stable
MT
01/07Crisil Upgrades Rating on Jindal Stainless' (Hisar) Long-Term Bank Financing to AA-; Ou..
MT
01/04CARE Ratings Raises Rating on Jindal Stainless (Hisar) to AA-; Outlook Stable
MT
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Financials
Sales 2022 155 B 1 992 M 1 992 M
Net income 2022 16 710 M 215 M 215 M
Net Debt 2022 - - -
P/E ratio 2022 4,10x
Yield 2022 -
Capitalization 68 716 M 883 M 883 M
Capi. / Sales 2022 0,44x
Capi. / Sales 2023 0,47x
Nbr of Employees 2 146
Free-Float 25,0%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 291,25 INR
Average target price 439,00 INR
Spread / Average Target 50,7%
EPS Revisions
Managers and Directors
Abhyuday Jindal Non-Executive Vice Chairman & Managing Director
Ramnik Gupta Chief Financial Officer
Ratan Jindal Non-Executive Chairman
Bhartendu Harit Secretary & Compliance Officer
Nirmal Chandra Mathur Independent Non-Executive Director
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