Jindal Steel and Power Limited is a steel and energy company based out of New Delhi. Part of the Jindal Group, the company is a leading operator in steel, power, oil and gas, mining and infrastructure in India and has its presence across the globe. The company is the third largest producer of steel in the country. Jindal Steel and Power Ltd. is listed in the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE).
Jindal Steel and Power Ltd. has a market capitalisation, as of 13 August 2018, of a little more than Rs.19,600 crore operating in the steel and iron sector.
Company’s Wealth and Recent Performance
- Jindal Steel and Power Ltd.’s net sales turnover as of March 2018 stood a little over Rs.17,000 crore compared to Rs.13,848.10 in March 2017.
- The company’s Earnings Before Income Tax (EBIT) stood at Rs.2,063.39 crore as on 31 March 2018.
- However, the company’s Profit After Tax (PAT) as of March 2018, reported a loss of Rs.361.61 crore.
- The iron and steel producer’s key products/ revenue segments which include sponge iron contributed Rs.15,665.46 crore to the total sales, other operating revenue stood at Rs.350.30 crore, export incentives contributed Rs.68.87 crore, while scrap contributed Rs.10.05 crore to sales value as of March 2017.
- For the quarter ending on 30 June 2018, the consolidated sales stood at Rs.9,539.60 crore, up by 11.93% compared to the previous quarter sales of Rs.8,522.79 crore and up by 70.12% compared to last year for the same period when the consolidated sales stood at Rs.5,607.57 crore.
- The company reported that its net profit after tax of Rs.109.89 crore in the quarter ending 30 June 2018.
Jindal Steel and Power Ltd. Stock Trends in 2018
- When the market opened for trading on 1 January, the stock price of the company stood at Rs.204.50 and touched an all-time high on the 23rd to be traded at Rs.290.75. By the end of the month, the stock prices stabilized to close the month at Rs.266.45.
- On 1 February, the price of the stock opened for trading at Rs.266.50. With slight variations over the course of the month, the stock ended 8 points lower than the opening price.
- The stock price of the company on 1 March stood at Rs.252.50 and dropped to Rs.213.75 on the 23rd before it ended the month at Rs.219.10.
- On 2 April, the price of the stock stood at Rs.221.60 and gained over the course of the month to end at Rs.252.10.
- On 2 May, the stock was available for trading at Rs.252.45; however, it closed 20 lower than the opening price.
- On 1 June, the stock price for trading opened at Rs.228.80 and moved upwards to touch Rs.245.90 on the 13th; however, it ended 5 points lower compared to the opening date.
- On 2 July, the stock price stood at Rs.223 and dropped significantly to Rs.182.75 on the 19th, but recovered to close at Rs.205.45 by the end of the month.
Jindal Steel and Power Ltd. Stock Trends in 2016 and 2017
- When the stock market opened for trading on 1 January 2016, the stock price of the company stood at Rs.94.20 and dropped to its lowest for the month at Rs.60 on the 18th; however, it recovered to end the month at Rs.64.20. On 1 February, the stock price stood at Rs.63.90 and declined by the end of the month to Rs.53.40. On 1 March, the stock price stood at Rs.55.85 and ended the month 5 points more than the opening price.
- On 1 April, the stock price stood at Rs.63.50 and moved upwards to touch Rs.76.80 on the 27th of the month before closing at Rs.69.80 by the end of the month. On 2 May, the price stood at Rs.70.70 and declined to the end the month 7 points lower. On 1 June, the price stood at Rs.62.10 and ended the month on a high when the stock price stood at Rs.66.50.
- The company’s stock price on 1 July stood at Rs.70.65 and grew significantly over the course of the month to end at Rs.83.50. When the market opened for trading on 1 August, the stock price stood at Rs.89.25 and with slight fluctuations during the month, the stock ended 5 points lower. On 1 September, the price stood at Rs.84.30 and ended the month 10 points lower.
- On 3 October, the price of the stock stood at Rs.78.65 and by the end of the month, the stock lost more than 3 points. On 1 November, the stock opened at Rs.75.95 and ended the month 5 points lower. On the last month of 2016, the stock opened for trading at Rs.68.20 and dropped to Rs.66.35 on the 27th of the month before recovering and closing the month at Rs.69.20.
- On 2 January 2017, the stock opened for trading at Rs.70.35 and grew significantly to end the month at Rs.80. On 1 February, the price stood at Rs.83.40 and gained considerably to end the month at Rs.125.45. The stock price on 1 March stood at Rs.126.25 and ended the month 5 points lower.
- When the market opened for trading on 3 April, the stock price stood at Rs.123.25 and ended nearly 10 points lower by the end of the month. On 1 May, the stock price stood at Rs.114 and ended the month 7 points higher. On 1 June, the price stood at Rs.120.30 and ended the month at the same price.
- On 1 July, the stock opened for trading at Rs.123.45 and grew significantly to end the month at Rs.153.40. The stock price on 1 August opened at Rs.154.50; however, it declined to end the month at Rs.137.10. On 1 September, the stock price opened for trading at Rs.142.70 and closed the month 8 points lower.
- The stock price on 2 October, the stock prices closed at Rs.134.65 and moved upwards to close at Rs.163.10. It opened for trading on 1 November at Rs.164.20 and ended the month 7 points higher compared to the opening date. On 1 December, the price of the stock stood at Rs.168.15 and moved upwards sharply to close the month more than 30 points by the end of the month.
Should You Invest in Jindal Steel and Power Ltd?
- The company’s total revenue for the financial year ending 2017-18 (Q4 FY18) has risen by 23% at Rs.85.99 billion compared to Rs.69.93 billion during the same period last year.
- The earnings before taxes, interest, depreciation and amortisation margin have improved by 200 bps at 25% compared to 23% during the last year of the same quarter.
- In the current calendar year, the company has outperformed the market by 28% as against to a 3.7% rise in Sensex. In the past one year, the company has surged 130% against 18% in the benchmark index. Despite a decline in the company’s share prices, it has outperformed the market.
- The company swung to profits at Rs.1.10 billion in the quarter ending 30 June 2018 in the backdrop of higher revenues.
- Jindal Steel has bagged an order for supply of nearly 100,000 tonnes of Rails under the global tender floated by the Indian Railways.
- The management team of Jindal Steel and Power Ltd. are well capable of executing strategies and take decisions.
- During the last three years, the stock price of Jindal Steel and Power Ltd. has been on an upward trajectory despite losses over several quarters.
Jindal Steel and Power Ltd. is a dominant steel, power, mining and infrastructure industrial powerhouse. The company is part of the $18 billion OP Jindal Group and has grown to a $3.3 billion conglomerate. Today the company caters to markets across the world. It produces the world’s longest rails and is the first in India to produce large-size parallel flange beams. The company operates the world’s largest coal-based sponge iron plant and boasts of an installed capacity of 3 MTPA (million tonnes per annum) of steel at its Raigarh plant in Chhattisgarh. Apart from its plant in Raigarh, the company also set up wire rod mill and a bar mill at Patratu in Jharkhand, a medium and light structural mill at Raigarh and a steel melting shop and a plate mill at Angul, Odisha.
Incorporated in 1979, Jindal Steel and Power Ltd. operates in the iron and steel sector. Started as Pipe Unit Jindal Limites at Hisar in 1969 by O.P. Jindal. The Jindal Group’s management was then split with Naveen Jindal as the Chairman of Jindal Steel and Power Ltd. The company operates in India, Oman, Bolivia, Mauritius, and in Africa. Currently, the company has over 15,000 staffs.
Management of the Company
Naveen Jindal is the Chairman of Jindal Steel and Power Ltd., Chancellor of the O.P. Jindal Global University, President of the Flag Foundation of India and a sports enthusiast. He is the youngest son of O.P Jindal and is credited behind the transformation of the world-class organisation. After consolidating its position as a leading steel and power industry, the company has now global operations in several other countries. He has graduated in commerce from Hans Raj College, Delhi University and completed his MBA at the University of Texas at Dallas.
N.A. Ansari is the Chief Executive Officer (CEO) of Steel Business for Jindal Steel and Power Ltd. He joined the organisation as an Executive Director in 2008 and was instrumental in commissioning the two rolling mills. He comes with 38 years of work experience in the same sector and has a Bachelor in Science and Engineering degree in Mechanical from Aligarh University and has done several management courses from Wharton School of Business, USA.
Deepak Sogani is the Chief Finance Officer (CFO) of the company. He comes with a rich experience in the field of Financial Services, Information Technology and Manufacturing. Also, he has a considerable experience in managing strategic, acquisitions, transaction, raising capital and taking companies to ‘Public’ in India as well as in the USA. Mr. Sogani has an engineering degree from IIT Delhi and PGDBM from IIM Ahmedabad.
Jindal Steel and Power Ltd. in NSE, BSE and Listings
The equity shares of Jindal Steel and Power Ltd. are available for trading on the NSE and BSE. The codes for trading are as follows:
- NSE Code: JINDALSTEL
- BSE Code: 532286
- BSE Group: A
- ISIN: INE749A01030
- Sector: Steel - Sponge Iron
Jindal Steel and Power Ltd. Stock Indices:
- S&P CNX 500
- CNX Midcap
O.P Jindal Marg,
Hisar - 125005
Tel: +91 1662 222471-84
Fax: +91 1662 220476
12, Bhikaiji Cama Place,
New Delhi - 110066
Tel: +91 11 26188340-50, 4146000
Fax: +91 11 26161271
Email Id : firstname.lastname@example.org
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