Jindal Steel and Power (JSPL) (NSE: JINDALSTEL) has released its results for the quarter ending December 2023. The company has reported a consolidated profit of Rs 1,928 crore in Q3FY24, up 272 percent from last year.
The company’s profits in the same period one year ago was 518 crore. Talking about the company’s income, the consolidated income of the company has decreased from Rs 12,452 crore to Rs 11,701.3 crore year on year.
The company says that the company’s EBITDA has increased to Rs 2,842.5 crore in the third quarter, the company’s EBITDA in the same quarter a year ago was Rs 2,377 crore.
Talking about the company’s EBITDA margin which has increased from 19.1 percent to 24.3 percent year on year. This company has given 27,568.50% returns so far.
Stock Performance
Talking about JSPL shares, it closed at Rs 755.35 on Wednesday with a gain of 1.23 percent.
The 52-week record for the shares of the company is 767.90. The shares of the company have seen an average gain of 31% over the past year.
Bokhraj Prabhudas Lilladher had said in a note in November, “JSP is expected to benefit from dual benefits of growing volumes as well as change in product mix in FY2023-26 following the launch of HSM.”
However, there has been a delay of a few quarters in the commissioning of the blast furnace, which will impact FY2025 sales.
In January JSPL was planning to put in place the 6 MTPA Hot strip mill in its steel manufacturing plant located in Angul, Odisha. It had also been announced.
About Jindal Steel And Power Ltd
Jindal Steel and Power Limited (JSPL) is one of India’s fastest-growing and biggest steel producers who are integrated. It is involved in the power, steel mining, infrastructure, and segment.
The company is run by Mr. Naveen Jindal, the eldest son of famous Shri O.P. Jindal. The company manufactures economically efficient and durable steel and power utilizing forward and backward integration.
The company makes the largest (121-meter) rails and is the first company in the United States to manufacture large-sized parallel beams with flanges.
JSPL is ranked as the 2nd largest worldwide value-creator by Boston Consulting Group, and the 11th fastest-growing business across the world. It’s also been ranked among the Top Blue Chip firms and was rated the highest wealth creator.
Fundamental Analysis of Jindal Steel And Power Ltd
| Market Cap | ₹ 77,236 Cr. |
| Current Price | ₹ 757 |
| 52-wk High | ₹ 768 |
| 52-wk Low | ₹ 503 |
| Stock P/E | 13.9 |
| Book Value | ₹ 407 |
| Dividend | 0.26 % |
| ROCE | 14.2 % |
| ROE | 10.6 % |
| Face Value | ₹ 1.00 |
| P/B Value | 1.86 |
| OPM | 19.8 % |
| EPS | ₹ 53.6 |
| Debt | ₹ 13,467 Cr. |
| Debt to Equity | 0.32 |
Jindal Steel And Power Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹768 | ₹824 |
| 2025 | ₹829 | ₹900 |
| 2026 | ₹902 | ₹918 |
| 2027 | ₹920 | ₹932 |
| 2028 | ₹935 | ₹980 |
| 2029 | ₹1100 | ₹1200 |
| 2030 | ₹1245 | ₹1300 |
Jindal Steel And Power Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 61.21% |
| Mar 2023 | 61.21% |
| June 2023 | 61.21% |
| Sept 2023 | 61.21% |
| Dec 2023 | 61.21% |
| FII Holding | |
| Dec 2022 | 13.13% |
| Mar 2023 | 13.42% |
| June 2023 | 12.71 |
| Sept 2023 | 12.23% |
| Dec 2023 | 11.75% |
| DII Holding | |
| Dec 2022 | 14.17% |
| Mar 2023 | 13.90% |
| June 2023 | 14.74% |
| Sept 2023 | 15.22% |
| Dec 2023 | 15.33% |
| Govt. Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.00% |
| Public Holding | |
| Dec 2022 | 10.02% |
| Mar 2023 | 9.99% |
| June 2023 | 9.86% |
| Sept 2023 | 9.88% |
| Dec 2023 | 9.99% |
| Others Holding | |
| Dec 2022 | 1.48% |
| Mar 2023 | 1.48% |
| June 2023 | 1.48% |
| Sept 2023 | 1.48% |
| Dec 2023 | 1.73% |
Jindal Steel And Power Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 46,966 Cr |
| 2020 | ₹ 37,923 Cr |
| 2021 | ₹ 34,579 Cr |
| 2022 | ₹ 51,166 Cr |
| 2023 | ₹ 50,232 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ -2,412 Cr |
| 2020 | ₹ -400 Cr |
| 2021 | ₹ 4,267 Cr |
| 2022 | ₹ 6,766 Cr |
| 2023 | ₹ 5,476 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.07 |
| 2020 | 0.95 |
| 2021 | 0.86 |
| 2022 | 0.36 |
| 2023 | 0.32 |
Last 10 Years’ Profit Growth:
| 10 Years: | 3% |
| 5 Years: | 45% |
| 3 Years: | 279% |
| Current Year: | 26% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 3% |
| 5 Years: | 8% |
| 3 Years: | 13% |
| Last Year: | 11% |
Sales Growth Over 10 Years:
| 10 Years: | 10% |
| 5 Years: | 10% |
| 3 Years: | 12% |
| Current Year: | -6% |
Conclusion
This article is a complete guide about Jindal Steel And Power Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s prospects and growth potential.
This information will help you in your further investment.
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Also Read: Share Price ₹30; After Announcement Of Meeting Date Stock Hit Upper Circuit
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