Jindal Stainless Ltd

JSL

Summary

Fair Value Assessment
Undervalued (18% Discount)
Fair ValueQ731.80UncertaintyHigh
Close Price595.15Mar 26, 2025
590.00
Price Down by 5.15 | 0.87 %
Previous Close
595.15
Day Range
581.35 – 594.00
Year Range
568.05 – 848.00
Bid / Ask
590.00 × 590.2
Market Cap
485.8 Bil
Volume / Average
823.0 k / 943.3 k
Beta (5-Year)
1.39
Shares Outstanding
823.43 Mil
Primary Exchange
National Stock Exchange of India

Business Description
Jindal Stainless Ltd is an India-based stainless steel manufacturing company. It offers products such as ferroalloys, stainless steel slabs, and blooms, hot rolled and cold rolled coils, plates, razor blade steel, precision strips, and coin blanks. The firm has a distribution network through its service centers and warehouses in both the Indian and overseas markets. Jindal derives most of the revenue from the sale of steel products.
Contact
Jindal Centre 12, Bhikaiji Cama Place, New Delhi 110066
T +91 1126188345
www.jindalstainless.com opens in a new tab
Sector
Basic Materials
Industry
Steel
Most Recent Earnings
Dec 31, 2024
Fiscal Year End
Mar 31, 2024
Employees
16,458

Key Metrics

Income Statement (in Bil, except ratios)
12/31/2024
03/2023
03/2022
03/2021
03/2020
03/2019
Revenue
384.20 355.74 211.19 121.31 127.69 134.03
Revenue Growth %
-0.85% 9.87% 74.09% -4.99% -4.73% 16.68%
Gross Profit
92.19 76.60 45.07 27.81 25.52 25.03
Gross Profit Margin %
23.99% 21.53% 21.34% 22.92% 19.98% 18.68%
Operating Income
35.07 27.97 24.13 10.24 7.15 8.19
Operating Margin %
9.13% 7.86% 11.43% 8.44% 5.60% 6.11%
EBIT
37.33 29.93 27.10 10.81 6.60 7.73
EBIT Margin %
9.72% 8.41% 12.83% 8.91% 5.17% 5.77%
EBITDA
46.81 37.17 30.81 14.84 10.85 11.25
EBITDA Margin %
12.18% 10.45% 14.59% 12.23% 8.50% 8.39%
Net Income
24.15 21.15 18.81 4.19 0.71 1.42
Net Profit Margin %
6.27% 5.86% 9.04% 3.46% 0.57% 1.08%
Basic EPS
29.33 25.68 37.81 8.60 1.48 2.97
Diluted EPS
29.32 25.68 36.39 8.48 1.48 2.97
Normalized EPS
29.62 33.01 59.01 7.10 2.81
Total Dividends per Share
2.00
Balance Sheet (in Bil, except ratios)
09/30/2024
03/2023
03/2022
03/2021
03/2020
03/2019
Total Assets
341.13 271.40 148.62 107.35 106.78 107.15
Total Liabilities
186.30 151.73 96.35 75.16 79.47 81.12
Total Debt
64.73 39.58 31.96 32.30 39.81 43.88
Total Equity
154.83 119.68 52.27 32.18 27.30 26.03
Cash And Cash Equivalents
9.24 4.70 2.12 0.69 0.39 0.36
Working Capital
33.09 41.61 3.25 0.62 -7.72 -6.69
Shares Outstanding (Bil)
0.82 0.82 0.53 0.49
Book Value Per Share
144.90 98.68 64.68 55.77 54.06
Total Debt To Equity
0.42 0.33 0.61 1.00 1.46 1.69
Cash Flow Statement (in Bil, except ratios)
09/30/2024
03/2023
03/2022
03/2021
03/2020
03/2019
Cash From Operating Activities
43.16 30.96 10.83 13.08 11.80 14.19
Cash From Investing Activities
-29.54 -24.82 -7.83 -1.52 -1.88 -1.92
Cash From Financing Activities
-14.72 -3.86 -1.63 -11.19 -9.91 -12.37
Capital Expenditures
16.56 7.65 1.68 1.97 2.06
Free Cash Flow
9.41 17.66 9.80 4.88 4.37
Change in Cash
-1.10 2.28 1.37 0.37 0.02 -0.11

Profile

Name (Age)
5-Year Trend
2021
2022
2023
2024
2025
Tarun Kumar Khulbe (—) Director and Chief Executive Officer
Anurag Mantri (53) Director and Group Chief Financial Officer
Abhyuday Jindal (35) Director and Managing Director
Ratan Jindal (—) Chairman and Managing Director
Jagmohan Sood (—) Director and Chief Operating Officer
Total Compensation for all Key Executives
Transaction History

Shares in Thousands
0 5 10 15 20 25 30 35 40
>
No Data Available
There is no available information for this investment.
Sep
2023
    • Buy
    • Acquisition
    • Option Exercise
    • Disposition
    • Sell
Transaction Detail
No Data Available
There is no available information for this investment.

Ownership

Name
% Total
Shares Held
% Total
Assets
Trend
Prev. 8 Qtrs
Change Amount
Change %
Date
Abakkus All Cap Approach Not Rated 0.57 4.50 4,711,967
-50,040
1.05%
Jan 31, 2025
Vanguard Total Intl Stock Index Inv 0.55 0.01 4,493,587
12,819
0.29%
Feb 28, 2025
HSBC India Infra Equity Mother Not Rated 0.53 1.46 4,367,701
Nov 30, 2024
Vanguard Emerging Mkts Stock Idx Inv 0.50 0.02 4,128,656
Feb 28, 2025
DFA Emerging Markets Core Equity I 0.42 0.09 3,446,047
Jan 31, 2025
Total (for Top 5) 2.57 21,147,958
-37,221

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