MarketFriction

Jindal Stainless (Hisar) Ltd(Merged)

NSE JSLHISAR · Iron & Steel Products
₹562.80 +4.02%
NSE close2023-03-08
Market cap₹13,278 Cr.
P/E8.98
Merged or delisted Delivery 72.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022
Sales2,2468522,2983,1473,1032,7763,7434,1734,3183,4543,9264,285
Expenses2,0798502,0072,7592,6972,3643,1763,6043,7143,1173,6033,918
Operating Profit1673291387406412567569605337323367
OPM %7%0.3%13%12%13%15%15%14%14%10%8%9%
Other Income4831689414213314917620613182138
Interest717369654533243639333122
Depreciation767274737164626361555755
Profit before tax68-112216343432448630647711380317428
Tax %-59%-16%22%21%19%20%21%20%19%19%20%20%
Net Profit108-94169270351359499515575308253344
EPS in Rs4.46-3.937.0811.4314.8315.1821.0921.7824.3013.0510.7514.60
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022TTM
Sales08,1527,2357,77410,35710,2899,3799,40015,01115,984
Expenses07,4086,3736,7929,1269,2488,4438,27012,85814,351
Operating Profit07448629831,2311,0409361,1302,1541,632
OPM %9%12%13%12%10%10%12%14%10%
Other Income042-20141283186178291663557
Interest0475493431408367323251131126
Depreciation0313305285284289295290250228
Profit before tax0-1444078215704978802,4361,836
Tax %310%16%29%28%30%19%21%20%
Net Profit0-6362905883964016961,9471,479
EPS in Rs-268.001.5812.1524.5016.1716.6529.4182.3462.70
Dividend Payout %0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%14%13%16%
Compounded Profit Growth%49%75%-13%
Stock Price CAGR22%14%%%
Return on Equity%34%35%49%
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Sep 2022
Equity Capital0.010.004647474747474747
Reserves05015638461,4271,8062,2242,9244,8625,425
Borrowings01,0542,0073,5142,9352,3672,1811,4811,8451,564
Other Liabilities04,6382,9172,2702,3472,2732,1322,5853,1133,235
Total Liabilities06,1925,5336,6786,7566,4936,5847,0379,86710,270
Fixed Assets02,8012,5462,4302,2902,1902,1081,9611,9682,015
CWIP02961426695107183161127
Investments03703694185716226477981,3391,535
Other Assets02,9922,5583,7873,8293,5873,7224,0956,3996,594
Total Assets06,1925,5336,6786,7566,4936,5847,0379,86710,270
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Cash from Operating Activity4929196901,4541,1307101,305-3
Cash from Investing Activity-2-1,397-1,780-466-181-205-355-182
Cash from Financing Activity-4714851,081-989-939-504-961202
Net Cash Flow197-9-0111-1118
Free Cash Flow4658355551,2699344941,085-206
CFO/OP67%107%74%132%126%94%125%28%
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Debtor Days4342493031293643
Inventory Days95931258779909596
Days Payable1018212085848310079
Cash Conversion Cycle3753553226363160
Working Capital Days-119-70-2-1313964
ROCE %58%28%23%27%21%18%24%46%
Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022
Promoters57.67%57.67%57.67%57.67%57.67%58.08%58.87%58.88%58.88%58.88%58.88%58.88%
FIIs20.60%20.55%20.44%21.12%20.69%20.97%20.67%20.12%20.53%20.73%20.64%21.07%
DIIs5.41%5.11%3.97%3.88%4.02%4.08%4.12%4.11%4.29%4.56%4.61%4.73%
Public16.32%16.68%17.93%17.34%17.63%16.87%16.34%16.89%16.29%15.83%15.86%15.31%
No. of Shareholders52,40353,04957,83652,52456,44557,69160,04857,26861,61761,19760,38255,767

Fundamentals

Market Cap₹ 13,278 Cr.
Current Price₹ 563
Stock P/E8.98
Book Value₹ 232
ROCE45.6 %
ROE49.3 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)16%
Compounded Profit Growth (TTM)-13%
Consolidated figures.
Valuation
Market capRs 13,278 Cr
Enterprise valueRs 14,738 Cr
P/E (TTM)8.98x
Price to book4.47x
Price to sales0.83x
EV / EBITDA6.73x
EV / EBIT7.51x
EV / sales0.92x
Price to cash flow10.17x
Earnings yield11.14%
P/E, 3-year average4.14x
P/B, 3-year average0.87x
P/E, 5-year average6.12x
P/B, 5-year average1.78x
Profitability
Operating margin (excl. other income)12.02%
Operating margin (incl. other income)15.12%
EBITDA margin13.70%
Pre-tax margin11.49%
Net profit margin9.25%
Net margin, latest quarter8.04%
ROE26.47%
ROCE25.41%
ROA10.19%
ROE, 3-year average22.81%
ROCE, 3-year average22.01%
ROA, 3-year average7.32%
ROE, 5-year average31.09%
ROCE, 5-year average23.56%
ROA, 5-year average7.05%
ROIC (approx.)35.00%
Tax rate20.96%
Other income / net worth9.81%
Growth
Sales growth (latest year)0.23%
Profit growth (latest year)76.59%
Sales CAGR, 3 years-3.18%
Sales CAGR, 5 years5.38%
Profit CAGR, 3 years6.27%
Profit CAGR, 5 years80.25%
Sales growth QoQ9.15%
Profit growth QoQ35.74%
Sales growth YoY (latest quarter)2.68%
Profit growth YoY (latest quarter)-32.97%
Per share
EPS (TTM)Rs 62.69
EPS (latest year)Rs 29.41
EPS (latest quarter)Rs 14.59
EPS, 3-year averageRs 20.74
EPS, 5-year averageRs 19.77
Book value per shareRs 125.93
Sales per shareRs 677.46
Cash flow per shareRs 55.33
Free cash flow per shareRs -8.73
Efficiency
Asset turnover1.34x
Fixed asset turnover4.79x
Inventory turnover4.73x
Inventory days77 days
Debtor days36 days
Debtors turnover10.26x
Creditor days79 days
Cash conversion cycle60 days
Working capital days64 days
Leverage
Total debtRs 1,481 Cr
Cash and bankRs 21 Cr
Net debtRs 1,460 Cr
Debt to equity0.50x
Net debt / EBITDA0.67x
Interest coverage15.63x
Owners' fund to total sources42.22%
Debt to assets21.04%
Cash flow
Cash from Operating Activity (latest year)Rs 1,305 Cr
Cash from Investing Activity (latest year)Rs -355 Cr
Cash from Financing Activity (latest year)Rs -961 Cr
Net Cash Flow (latest year)Rs -11 Cr
Free cash flow (latest year)Rs -206 Cr
FCFE (approx.: FCF + change in debt)Rs -906 Cr
Cash from ops / profit, 5 years1.14x
Sales to cash flow7.20x
Statement figures
Net sales (TTM)Rs 15,984 Cr
Net sales (latest year)Rs 9,400 Cr
Sales (latest quarter)Rs 4,285 Cr
Operating profit excl. other income (latest year)Rs 1,130 Cr
Operating profit (latest quarter)Rs 367 Cr
Other income (TTM)Rs 557 Cr
EBITDA (TTM)Rs 2,190 Cr
PBDT (TTM)Rs 2,064 Cr
Profit before tax (TTM)Rs 1,836 Cr
Tax (latest year)Rs 184 Cr
Net profit (TTM)Rs 1,479 Cr
Net profit (latest year)Rs 694 Cr
Net profit (latest quarter)Rs 344 Cr
Depreciation (TTM)Rs 228 Cr
Depreciation (latest quarter)Rs 55 Cr
Interest (TTM)Rs 126 Cr
Cost of goods sold (latest year)Rs 7,749 Cr
Total expenditure (latest year)Rs 8,270 Cr
Total income (latest year)Rs 9,692 Cr
Share capitalRs 47 Cr
ReservesRs 2,924 Cr
Shareholders' fundsRs 2,971 Cr
Total assetsRs 7,037 Cr
Net blockRs 1,961 Cr
Capital work in progressRs 183 Cr
InvestmentsRs 798 Cr
ReceivablesRs 917 Cr
InventoryRs 1,639 Cr
Other liabilitiesRs 2,585 Cr
Shares outstanding (crore)23.59
Ownership
Promoter holding58.88% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 9.0 is at the 70th percentile of its own 5.8-year range (median 6.6, low 1.6, high 149.1).
P/B 4.47 is at the 76th percentile (median 2.58).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodJSLHISARNifty 50Difference
1 week+14.8%-2.8% +17.6 pts
1 month+17.2%-6.8% +24.0 pts
3 months+48.0%-7.6% +55.7 pts
6 months+121.2%+0.4% +120.8 pts
1 year+59.0%-9.9% +68.9 pts
2 years+359.8%-13.6% +373.4 pts
3 years+783.5%+14.2% +769.3 pts
5 years+233.2%+27.9% +205.3 pts

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Dec 2022
Sales ₹4,285 Cr +2.7% vs Dec 2021. Net profit ₹344 Cr -33.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2022-09-21Annual General Meeting
2021-09-08 Annual General Meeting
2020-08-13 Annual General Meeting
2019-08-26 Annual General Meeting
2018-09-12 Annual General Meeting
2017-09-13 Annual General Meeting
2016-09-15 Annual General Meeting
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Jindal Stainless (Hisar) Ltd(Merged)?

Jindal Stainless (Hisar) Ltd(Merged) (JSLHISAR) has a market capitalisation of Rs 13,278 Cr. at the 2023-03-08 close.

What is the P/E ratio of Jindal Stainless (Hisar) Ltd(Merged)?

Jindal Stainless (Hisar) Ltd(Merged) trades at a P/E of 8.98 on trailing twelve-month profit, at the 2023-03-08 close.

What were Jindal Stainless (Hisar) Ltd(Merged)'s latest quarterly results?

In the Dec 2022 quarter, Jindal Stainless (Hisar) Ltd(Merged) sales was Rs 4,285 Cr (+2.7% vs Dec 2021) and net profit was Rs 344 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03