JSL

Jindal Stainless Share Price

₹661.75 -24.25 (-3.53%)

21 Nov, 2024 14:30

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Performance

  • Low
  • ₹654
  • High
  • ₹683
  • 52 Week Low
  • ₹493
  • 52 Week High
  • ₹848
  • Open Price₹680
  • Previous Close₹686
  • Volume647,523

Investment Returns

  • Over 1 Month -10.93%
  • Over 3 Month -10.63%
  • Over 6 Month -6.02%
  • Over 1 Year + 24.95%
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Jindal Stainless Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 22.2
  • PEG Ratio
  • -3.9
  • Market Cap Cr
  • 54,491
  • P/B Ratio
  • 3.8
  • Average True Range
  • 23.44
  • EPS
  • 29.8
  • Dividend Yield
  • 0.3
  • MACD Signal
  • -10.56
  • RSI
  • 41.67
  • MFI
  • 54.17

Jindal Stainless Financials

Jindal Stainless Technicals

EMA & SMA

Current Price
₹661.75
-24.25 (-3.53%)
pointer
  • stock-down_img
  • Bullish Moving Average 0
  • stock-up_img
  • Bearish Moving Average 16
  • 20 Day
  • ₹699.87
  • 50 Day
  • ₹716.76
  • 100 Day
  • ₹722.78
  • 200 Day
  • ₹689.11

Resistance and Support

685.57 Pivot Speed
  • R3 713.23
  • R2 703.87
  • R1 694.93
  • S1 676.63
  • S2 667.27
  • S3 658.33

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Ratings

Master Rating

EPS Strenth

Price Strength

Buyer Demand

Group Rank

Jindal Stainless Ltd. is India’s largest stainless steel manufacturer, producing a wide range of stainless steel products such as coils, sheets, plates, and pipes. The company serves industries including automotive, construction, infrastructure, and consumer goods, both domestically and globally.

Jindal Stainless has an operating revenue of Rs. 37,788.06 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 below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. It is currently FORMING a base in its weekly chart and is trading around 14% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 55 which is a POOR score indicating inconsistency in earnings, a RS Rating of 47 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at D+ which indicates heavy supply, Group Rank of 115 indicates it belongs to a poor industry group of Steel-Producers and a Master Score of D is close to being the worst. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation.

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Jindal Stainless Corporate Actions - Bonus, Splits, Dividends

Date Purpose Remarks
2024-10-17 Quarterly Results
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
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 F&O

Jindal Stainless Shareholding Pattern

60.49%
3.65%
0.98%
22.78%
0%
8.22%
3.88%

About Jindal Stainless

Jindal Stainless Ltd. (JSL) is a leading global manufacturer of stainless steel products headquartered in India, specializing in the production of stainless steel coils, plates, and other products. Established in 1970, the company has a strong market presence in the steel industry.

Manufacturing Capabilities: JSL has an integrated stainless steel mill in Jajpur, Odisha, and has expanded its capacity from 1.9 MTPA to 2.9 MTPA with a recent expansion. The company has a 0.8 MTPA steel melting capability in Hisar, Haryana, through JSHL.

The company increased its planned capital expenditure from Rs. 3300 crores to Rs. 3600 crores. The company's investments are mostly to blame for the growth. Capital expenditures for expansion and acquisition total Rs. 3300 crs.
Up to Rs. 500–600 Cr. in maintenance capital expenditures for ongoing projects in FY25.

Prospects:

1. Despite capital expenditures, the company plans to maintain a closing debt level of Rs. 4800 Cr.
2. The Rathi Super Steel plant began production. In FY25, a 70% utilization rate is anticipated.
3. The Rabirun plant is scheduled to begin operations in H1FY25, and its startup would cost Rs. 75 Cr. in capital.
4. It is anticipated that the Indonesian nickel pig iron factory will be put into service early in H1FY25 and operate at full capacity for the next three quarters.
 

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  • NSE Symbol
  • JSL
  • BSE Symbol
  • 532508
  • Chairman & Managing Director
  • Mr. Ratan Jindal
  • ISIN
  • INE220G01021

Similar Stocks to Jindal Stainless

Jindal Stainless FAQs

Jindal Stainless share price is ₹661 As on 21 November, 2024 | 14:16

The Market Cap of Jindal Stainless is ₹54490.8 Cr As on 21 November, 2024 | 14:16

The P/E ratio of Jindal Stainless is 22.2 As on 21 November, 2024 | 14:16

The PB ratio of Jindal Stainless is 3.8 As on 21 November, 2024 | 14:16

Evaluate the company's performance in the stainless steel sector and its financial stability before investing.
 

Key metrics include production volumes, sales revenue, and profit margins.

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Q2FY23