JSL

Jindal Stainless Share Price

₹756.4
-3.05 (-0.4%)
18 September, 2024 02:44 BSE: 532508 NSE: JSL ISIN: INE220G01021

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Jindal Stainless Performance

Day Range

  • Low 751
  • High 762
₹ 756

52 Week Range

  • Low 427
  • High 848
₹ 756
  • Open Price758
  • Previous Close759
  • Volume488625

Jindal Stainless Chart

  • Over 1 Month + 7.85%
  • Over 3 Month -6.89%
  • Over 6 Month + 13.82%
  • Over 1 Year + 53.99%

Jindal Stainless Key Statistics

P/E Ratio 23.8
PEG Ratio 0.7
Market Cap Cr
Price to Book Ratio 4.3
EPS 30.4
Dividend 0.4
Relative Strength Index 55.42
Money Flow Index 39.09
MACD Signal 2.03
Average True Range 24.93

Jindal Stainless Investment Rating

  • Master Rating:
  • Jindal Stainless has an operating revenue of Rs. 37,808.27 Cr. on a trailing 12-month basis. An annual revenue growth of 8% is good, Pre-tax margin of 9% is okay, ROE of 18% is exceptional. The company has a reasonable debt to equity of 32%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 12% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 5% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 61 which is a FAIR score but needs to improve its earnings, a RS Rating of 45 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at C which is evident from recent supply seen, Group Rank of 133 indicates it belongs to a poor industry group of Steel-Producers and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Jindal Stainless Financials
IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 9,5859,5219,0889,72010,0279,444
Operating Expenses Qtr Cr 8,5818,6938,0678,6518,9108,347
Operating Profit Qtr Cr 1,0048271,0211,0701,1181,097
Depreciation Qtr Cr 179181182178174169
Interest Qtr Cr 97103931049375
Tax Qtr Cr 210159196213230227
Net Profit Qtr Cr 578476779609666659
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 38,72535,137
Operating Expenses Annual Cr 34,32031,463
Operating Profit Annual in Cr 4,0363,567
Depreciation Cr 715675
Interest Annual Cr 393295
Tax Annual Cr 797690
Net Profit Annual Cr 2,5312,014
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 3,6832,834
Cash from Investing Activity Annual Cr -2,831-2,367
Cash from Financing Annual Activity Cr -363-225
Net Cash Flow Annual Cr 490242
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 13,70011,457
Fixed Assets Annual Cr 10,4999,975
Total Non Current Assets Annual Cr 14,14311,672
Total Current Assets Annual Cr 13,37514,468
Total Assets Annual Cr 27,51826,140
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 166139
ROE Annual % 1818
ROCE Annual % 2119
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1110
IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 9,4309,4549,1279,79710,1849,765
Operating Expenses Qtr Cr 8,2188,4197,8688,5668,9928,621
Operating Profit Qtr Cr 1,2121,0351,2591,2311,1921,144
Depreciation Qtr Cr 232233236222188181
Interest Qtr Cr 14315314615610083
Tax Qtr Cr 240201226229243241
Net Profit Qtr Cr 648501692774746766
IndicatorMar 2024Mar 2023
Total Revenue Annual Cr 38,73235,823
Operating Expenses Annual Cr 33,85832,111
Operating Profit Annual in Cr 4,7043,586
Depreciation Cr 879724
Interest Annual Cr 554325
Tax Annual Cr 899690
Net Profit Annual Cr 2,7132,115
IndicatorMar 2024Mar 2023
Cash from Operating Activity Annual Cr 4,8183,096
Cash from Investing Activity Annual Cr -3,340-2,482
Cash from Financing Annual Activity Cr -829-386
Net Cash Flow Annual Cr 649228
IndicatorMar 2024Mar 2023
Total ShareHolders Funds Annual Cr 14,35811,931
Fixed Assets Annual Cr 14,03410,571
Total Non Current Assets Annual Cr 16,03512,029
Total Current Assets Annual Cr 14,78315,112
Total Assets Annual Cr 30,81727,140
IndicatorMar 2024Mar 2023
Book Value Per Share Annual Rs 175145
ROE Annual % 1918
ROCE Annual % 1918
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1310

Jindal Stainless Technicals

EMA & SMA

Current Price
₹756.4
-3.05 (-0.4%)
pointer
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹739.85
  • 50 Day
  • ₹739.84
  • 100 Day
  • ₹728.52
  • 200 Day
  • ₹671.22
  • 20 Day
  • ₹740.34
  • 50 Day
  • ₹738.99
  • 100 Day
  • ₹747.42
  • 200 Day
  • ₹683.28

Jindal Stainless Resistance and Support

PIVOT
₹756.52
Resistance
First Resistance 761.88
Second Resistance 767.37
Third Resistance 772.73
RSI 55.42
MFI 39.09
MACD Single Line 2.03
MACD 5.64
Support
First Support 751.03
Second Support 745.67
Third Supoort 740.18

Jindal Stainless Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 499,009 30,404,618 60.93
Week 709,765 38,178,249 53.79
1 Month 1,139,660 71,741,568 62.95
6 Month 1,793,382 104,679,727 58.37

Jindal Stainless Result Highlights

Jindal Stainless Synopsis

NSE-Steel-Producers

Jindal Stainless is involved in the business activities of Manufacture of hot-rolled and cold-rolled products of steel. Company’s Total Operating Revenue is Rs. 38356.00 Cr. and Equity Capital is Rs. 164.69 Cr. for the Year ended 31/03/2024. Jindal Stainless Ltd. is a Public Limited Listed company incorporated on 29/09/1980 and has its registered office in the State of Haryana, India. Company’s Corporate Identification Number(CIN) is L26922HR1980PLC010901 and registration number is 010901.
Market Cap 62,536
Sales 37,914
Shares in Float 32.94
No of funds 562
Yield 0.4
Book Value 4.56
U/D Vol ratio 0.9
LTDebt / Equity 19
Alpha 0.06
Beta 1.18

Jindal Stainless Shareholding Pattern

Owner NameJun-24Mar-24Dec-23Sep-23
Promoters 60.49%60.49%58.69%57.94%
Mutual Funds 3.94%4.23%3.06%3.01%
Insurance Companies 0.94%0.78%0.76%0.31%
Foreign Portfolio Investors 22.49%20.83%22.56%23.37%
Financial Institutions/ Banks
Individual Investors 8.14%8.78%9.14%8.9%
Others 4%4.89%5.79%6.47%

Jindal Stainless Management

Name Designation
Mrs. Savitri Devi Jindal Chairperson Emeritus
Mr. Ratan Jindal Chairman & Managing Director
Mr. Abhyuday Jindal Managing Director
Mr. Tarun Kumar Khulbe Whole Time Director
Mr. Jagmohan Sood Whole Time Director & COO
Mr. Anurag Mantri Executive Director & Group CFO
Mr. Praveen Kumar Malhotra Non Executive Director
Mr. Jayaram Easwaran Independent Director
Dr. Rajeev Uberoi Independent Director
Dr. Aarti Gupta Independent Director
Mr. Ajay Mankotia Independent Director
Mrs. Shruti Shrivastava Independent Director
Mrs. Arti Luniya Independent Director

Jindal Stainless Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Jindal Stainless Corporate Action

Date Purpose Remarks
2024-07-30 Quarterly Results & Fund Raising Inter alia, would also discuss and consider to provide an in-principle approval for the proposal for raising of further capital and to create, offer, issue and allot such number of equity shares. per share(50%)Special Dividend
2024-06-27 Others
2024-05-15 Audited Results & Final Dividend
2024-01-18 Quarterly Results
2023-10-19 Quarterly Results & Interim Dividend
Date Purpose Remarks
2024-08-30 FINAL Rs.2.00 per share(100%)Final Dividend
2023-10-28 INTERIM Rs.1.00 per share(50%)Interim Dividend
2023-04-28 SPECIAL Rs.1.00 per share(50%)Special Dividend

Jindal Stainless FAQs

What is Share Price of Jindal Stainless ?

Jindal Stainless share price is ₹756 As on 18 September, 2024 | 02:30

What is the Market Cap of Jindal Stainless ?

The Market Cap of Jindal Stainless is ₹62284.6 Cr As on 18 September, 2024 | 02:30

What is the P/E ratio of Jindal Stainless ?

The P/E ratio of Jindal Stainless is 23.8 As on 18 September, 2024 | 02:30

What is the PB ratio of Jindal Stainless ?

The PB ratio of Jindal Stainless is 4.3 As on 18 September, 2024 | 02:30

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