Jindal Steel & Power, incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 61506.21 Crore) operating in Metals - Ferrous sector.
Jindal Steel & Power key Products/Revenue Segments include Iron & Steel Items, Power, Other Sales, Other Operating Revenue, Export Incentives, Scrap for the year ending 31-Mar-2021.
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 13521.88 Crore, up 3.46 % from last quarter Total Income of Rs 13069.17 Crore and down -.69 % from last year same quarter Total Income of Rs 13615.49 Crore. Company has reported net profit after tax of Rs 219.29 Crore in latest quarter.
The company’s top management includes Mrs.Savitri Jindal, Mr.Sunil Kumar Agrawal, Ms.Kanika Agnihotri, Mrs.Shivani Wazir Pasrich, Mr.Sunjay Kapur, Dr.Bhaskar Chatterjee, Dr.(Mrs.)Aruna Sharma, Mr.D K Saraogi, Mr.Naveen Jindal, Mr.Ramaswamy Ramkumar. Company has Lodha & Co. as its auditors. As on 30-06-2022, the company has a total of 102 Crore shares outstanding.
Investment Rationale
Expect lower sales volume QoQ owing tosubdued demand until Nov-22. Realisationis likely to be down by Rs2,000/t QoQ.Limited benefit of lower coking coal pricesdue to DRI route and partial self-sufficiency.Overseas subsidiaries are unlikely to showhigher volumes.
Promoter/FII Holdings
Promoters held 60.44 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.65 per cent, DIIs 15.75 per cent.
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