Hi, please look at JSL + JSL Hisar combine for financials N valuation. Try to see how much combined business can throw free cash over next 1-2 years to see what one is buying into today. One major risk factor is of-course over reliance on antidumping duty.
1 Like
Great set of nos from JSL, JSHL should also be in similar lines.
- Q4FY21 Top-line of Rs.3914 Cr vs Rs.3585 Cr QoQ (9%) and Rs.3094 Cr YoY (27%)
- Q4FY21 EBITDA of Rs.542 Cr vs Rs. 473 Cr QoQ (15%) and Rs. 222 Cr YoY (242%)
- FY21 Topline of 12,188 Cr vs 12,951 Cr (-6%) ; EBITDA of Rs.1,424 Cr vs Rs.1,139 Cr (25%)
- FY21 EPS of Rs.8.6 vs Rs.1.48
- Interest outflow of Rs.340 Cr vs Rs.502 Cr
- Debt repayment of Rs.830 Cr vs Rs.514 Cr
https://www.bseindia.com/xml-data/corpfiling/AttachLive/ed28beb8-16af-490e-8526-7e03e462b5d3.pdf
1 Like
Metals are in demand now & captive units like Jindal will benefit
Jindal Stainless (Hissar) has done very well recently. The PE is 4.87, but then most steel makers do not enjoy a high PE. What really draws you to it is its ROE 49.3. The ROCE also is not mean at 45.7.
I don’t belong to the clan of investors who sell immediately once the profit reaches 25%. However, in the case of this company my doubt is: is stainless steel also cyclical.
Need knowledgeable input.
1 Like
Pls share the source
Not sure whether it is good for the Jindal Stainless (Hisar) investors.
Jindal Stainless-JSHL merger likely to be completed by fiscal-end: Abhyuday Jinda
‘Merger will result in seamless integration of high volumes and niche offerings across various segments’
Global financial services firm JPMorgan said on Tuesday that it expects global steel prices to rise further in the coming days. JPMorgan highlighted that China export prices have already hit $620 per tonne and demand is expected to improve further post the Lunar New Year.
What impact it is likely to have on Jindal Stainless (Hisar)?
1 Like
https://www.screener.in/results/latest/#:~:text=Jindal%20Stain.%20Hi,₹ 21.77
Jindal Stainless (Hisar), the profits have fallen year to year, but have risen quarter to quarter.
any news on when the converted shares (of JSL) will be credited to demat?
1 Like
Here are my quick notes on JSL. Looks a solid proxy to multiple sectors with tailwinds.
Jindal Stainless - Quick Notes.pdf (185.0 KB)
5 Likes
What is the reason of huge pledge share of promoters? Is it red flag, i checked other steel companies also, they have not this much pleadged share. Please help.