Financials Jindal Stainless Limited Bombay S.E.

Equities

JSL

INE220G01021

Iron & Steel

Market Closed - Bombay S.E. 06:15:09 2024-04-26 am EDT 5-day change 1st Jan Change
701 INR -3.83% Intraday chart for Jindal Stainless Limited +1.26% +22.45%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,456 11,742 32,937 106,439 238,631 577,351 - -
Enterprise Value (EV) 1 19,456 44,953 32,937 136,160 268,905 619,176 588,993 559,713
P/E ratio 13.7 x 16.3 x 7.97 x 5.57 x 11.3 x 19.4 x 14.7 x 12.6 x
Yield - - - - 0.86% 0.43% 0.57% 0.65%
Capitalization / Revenue 0.14 x 0.09 x 0.27 x 0.5 x 0.67 x 1.44 x 1.22 x 1.1 x
EV / Revenue 0.14 x 0.35 x 0.27 x 0.64 x 0.75 x 1.54 x 1.24 x 1.06 x
EV / EBITDA 1.67 x 3.95 x 2.31 x 4.56 x 7.5 x 12.5 x 9.4 x 8.01 x
EV / FCF 1.6 x 4.57 x 2.89 x 42.8 x 18.7 x -99.4 x 18.5 x 14.5 x
FCF Yield 62.3% 21.9% 34.6% 2.34% 5.35% -1.01% 5.4% 6.9%
Price to Book 0.75 x 0.43 x 1.03 x 2.05 x 2 x 3.94 x 3.14 x 2.57 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 67.60 202.6 289.8 701.2 701.2 701.2
Announcement Date 5/20/19 6/6/20 5/14/21 5/2/22 5/17/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 135,573 129,509 121,885 212,234 356,970 401,065 473,875 525,617
EBITDA 1 11,646 11,395 14,242 29,871 35,861 49,480 62,689 69,845
EBIT 1 8,131 7,143 8,194 26,718 29,724 41,173 53,376 60,364
Operating Margin 6% 5.52% 6.72% 12.59% 8.33% 10.27% 11.26% 11.48%
Earnings before Tax (EBT) 1 2,217 1,653 6,897 24,421 27,740 38,470 51,437 61,552
Net income 1 1,424 713.2 4,192 18,813 21,145 29,319 38,395 45,900
Net margin 1.05% 0.55% 3.44% 8.86% 5.92% 7.31% 8.1% 8.73%
EPS 2 2.970 1.480 8.480 36.39 25.68 36.18 47.73 55.74
Free Cash Flow 1 12,126 9,835 11,400 3,181 14,399 -6,229 31,783 38,624
FCF margin 8.94% 7.59% 9.35% 1.5% 4.03% -1.55% 6.71% 7.35%
FCF Conversion (EBITDA) 104.12% 86.31% 80.05% 10.65% 40.15% - 50.7% 55.3%
FCF Conversion (Net income) 851.63% 1,379.05% 271.93% 16.91% 68.1% - 82.78% 84.15%
Dividend per Share 2 - - - - 2.500 2.986 4.029 4.571
Announcement Date 5/20/19 6/6/20 5/14/21 5/2/22 5/17/23 - - -
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 10,787
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 6,570
Net margin 4.75% 7.39% 7.51% 8.11% - - - 2.84% 4.95% 7.84% 7.32% 7.41% 7.27% 6.81%
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 41,825 11,642 -
Net Cash position 1 - - - - - - - 17,638
Leverage (Debt/EBITDA) - 2.915 x - 0.995 x 0.8442 x 0.8453 x 0.1857 x -
Free Cash Flow 1 12,126 9,835 11,400 3,181 14,399 -6,229 31,783 38,624
ROE (net income / shareholders' equity) 5.63% 2.69% 12.1% 44.8% 19.4% 22.2% 23.2% 22.9%
ROA (Net income/ Total Assets) - - - - - 10.3% 12.6% 12.8%
Assets 1 - - - - - 284,653 304,720 358,597
Book Value Per Share 2 54.00 55.80 65.80 98.70 145.0 178.0 223.0 273.0
Cash Flow per Share 2 - - - - - 45.80 59.90 68.60
Capex 1 2,061 1,968 1,678 7,652 16,557 41,768 14,287 12,955
Capex / Sales 1.52% 1.52% 1.38% 3.61% 4.64% 10.41% 3.01% 2.46%
Announcement Date 5/20/19 6/6/20 5/14/21 5/2/22 5/17/23 - - -
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
701.2 INR
Average target price
662.2 INR
Spread / Average Target
-5.55%
Consensus
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  5. Financials Jindal Stainless Limited