Financials Jindal Stainless Limited

Equities

JSL

INE220G01021

Iron & Steel

Delayed NSE India S.E. 06:24:26 2024-05-08 am EDT 5-day change 1st Jan Change
693.6 INR -1.03% Intraday chart for Jindal Stainless Limited -5.53% +21.24%

Valuation

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,456 11,742 32,937 106,439 238,631 577,104 - -
Enterprise Value (EV) 1 19,456 44,953 32,937 136,160 268,905 621,285 628,459 615,395
P/E ratio 13.7 x 16.3 x 7.97 x 5.57 x 11.3 x 20.1 x 15 x 12.6 x
Yield - - - - 0.86% 0.43% 0.54% 0.66%
Capitalization / Revenue 0.14 x 0.09 x 0.27 x 0.5 x 0.67 x 1.44 x 1.22 x 1.08 x
EV / Revenue 0.14 x 0.35 x 0.27 x 0.64 x 0.75 x 1.55 x 1.32 x 1.15 x
EV / EBITDA 1.67 x 3.95 x 2.31 x 4.56 x 7.5 x 12.6 x 10 x 8.62 x
EV / FCF 1.6 x 4.57 x 2.89 x 42.8 x 18.7 x -70.1 x 19.4 x 18.2 x
FCF Yield 62.3% 21.9% 34.6% 2.34% 5.35% -1.43% 5.16% 5.5%
Price to Book 0.75 x 0.43 x 1.03 x 2.05 x 2 x 3.99 x 3.18 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 67.60 202.6 289.8 700.8 700.8 700.8
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: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 135,573 129,509 121,885 212,234 356,970 400,736 474,831 535,729
EBITDA 1 11,646 11,395 14,242 29,871 35,861 49,172 62,837 71,399
EBIT 1 8,131 7,143 8,194 26,718 29,724 40,205 54,048 61,472
Operating Margin 6% 5.52% 6.72% 12.59% 8.33% 10.03% 11.38% 11.47%
Earnings before Tax (EBT) 1 2,217 1,653 6,897 24,421 27,740 38,286 51,657 61,395
Net income 1 1,424 713.2 4,192 18,813 21,145 28,771 38,453 45,842
Net margin 1.05% 0.55% 3.44% 8.86% 5.92% 7.18% 8.1% 8.56%
EPS 2 2.970 1.480 8.480 36.39 25.68 34.92 46.69 55.66
Free Cash Flow 1 12,126 9,835 11,400 3,181 14,399 -8,866 32,438 33,819
FCF margin 8.94% 7.59% 9.35% 1.5% 4.03% -2.21% 6.83% 6.31%
FCF Conversion (EBITDA) 104.12% 86.31% 80.05% 10.65% 40.15% - 51.62% 47.37%
FCF Conversion (Net income) 851.63% 1,379.05% 271.93% 16.91% 68.1% - 84.36% 73.77%
Dividend per Share 2 - - - - 2.500 2.986 3.814 4.657
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 10,865
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 51,355 38,291
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 2.915 x - 0.995 x 0.8442 x 0.8985 x 0.8173 x 0.5363 x
Free Cash Flow 1 12,126 9,835 11,400 3,181 14,399 -8,866 32,438 33,819
ROE (net income / shareholders' equity) 5.63% 2.69% 12.1% 44.8% 19.4% 21.2% 23.1% 22.8%
ROA (Net income/ Total Assets) - - - - - 10.3% 12% 12.2%
Assets 1 - - - - - 279,328 320,445 375,758
Book Value Per Share 2 54.00 55.80 65.80 98.70 145.0 176.0 220.0 269.0
Cash Flow per Share 2 - - - - - 45.80 59.40 69.20
Capex 1 2,061 1,968 1,678 7,652 16,557 43,242 32,412 18,767
Capex / Sales 1.52% 1.52% 1.38% 3.61% 4.64% 10.79% 6.83% 3.5%
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
700.8 INR
Average target price
756.1 INR
Spread / Average Target
+7.89%
Consensus
  1. Stock Market
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  4. Financials Jindal Stainless Limited
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