NSE: JINDALSTEL | BSE: 532286

Falling Comet

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777.15 -24.70 (-3.08%)

29.16% Fall from 52W High

1.4M NSE+BSE Volume

NSE 09 Apr, 2025 1:55 PM (IST)

79,276.1

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Jindal Steel & Power Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for JINDALSTEL, BSE:532286 Jindal Steel & Power Ltd.

Jindal Steel & Power Ltd.

24 May 2019

777.15

-3.08%

Jindal Steel & Power Ltd

Buy: Jindal Steel & Power Ltd.

Target

Angel Broking

Given the ongoing global trade concerns, we expect steel prices to remain volatile along with increasing iron ore prices due to Vale incidence. However, we project that domestic demand will continue to remain positive for steel and power sectors on long term basis, and expect JSPL to perform well in coming years along with the

Number of FII/FPI investors decreased from 557 to 548 in Dec 2024 qtr

Jindal Steel & Power Ltd.

24 May 2019

777.15

-3.08%

Q4FY19 Result Update

Accumulate: Jindal Steel & Power Ltd.

Recommendation Target

Prabhudas Lilladhar

17%/Rs1,600/t QoQ (down 23%/Rs2,860/t) to Rs9,590 (PLe: Rs9,845), due to weaker than expected realisations. Angul (BF +BoF) steel operations stabilized in Q4FY19 with 88-90% utilisation levels. Given the weak operating performance and fall in realisations, we cut our EBITDA estimates by 0.9% for FY21E. We downgrade our rating to...

Promoters unpledged 0.34% of shares in last quarter. Total pledge stands at 12.77% of promoter holdings

Jindal Steel & Power Ltd.

22 May 2019

777.15

-3.08%

Subsidiary performance and exceptions drag 4Q

Buy: Jindal Steel & Power Ltd.

Target

Motilal Oswal

Steel business ramping up, power outlook improving; Reiterate Buy 4QFY19 consolidated EBITDA at INR18.5b (-11% QoQ) came in 12% below our estimate due to (1) higher coal costs for Jindal Power, (2) low margins at Oman Steel, and (3) shutdown at Wongawalli mine. Interest cost increased 11% QoQ to INR11.6b on rising interest rates and LC discounting. Cash PAT (pre-tax and MI) declined 35% QoQ to INR6.8b (v/s. our estimate of INR10.6b). Non-cash exceptions drag reported performance: JSP incurred write-offs of INR17.3b related to (1) additional coal penalty (INR13.5b), (2) electricity duty...

Jindal Steel & Power.. has an average target of 1055.17 from 6 brokers.

Jindal Steel & Power Ltd.

19 Mar 2019

777.15

-3.08%

Angul progressing well on production

Buy: Jindal Steel & Power Ltd.

Motilal Oswal

For running the DRI plant at full capacity, production at 5-6 units of CGP will have to be ramped up. In contrast, if coal were made available from its erstwhile captive mine (de- allocated in 2014), the receiving time (post production) would be ~12 hours and cost of gas production would have been USD3-4/mmbtu. DRI plant has restarted in Mar19 and is operating at a run-rate of ~1mtpa (3,000tpd at 50% utilization). JSP plans to increase the DRI utilization run-rate to ~80-85% by Sep19. JSP has started using surplus coke oven gases (two coke oven batteries commissioned last year) in DRI production. The third coke oven battery is likely to be commissioned in FY20. Usage of coke oven gases in DRI production is likely to increase. Coke oven acts as a cost-effective substitute to syngas (gas obtained from CGP).

Jindal Steel & Power Ltd. is trading below all available SMAs

Jindal Steel & Power Ltd.

07 Feb 2019

777.15

-3.08%

Jindal Steel & Power Ltd

Buy: Jindal Steel & Power Ltd.

Target

Angel Broking

Outlook & Valuation: Given the ongoing global trade concerns, we expect steel prices to remain range bound. However, we project that domestic demand will continue to remain positive for steel and power sectors on long term basis, and expect JSPL to perform well in coming years along with the ramp up of Angul plant and

Promoters unpledged 0.34% of shares in last quarter. Total pledge stands at 12.77% of promoter holdings

Jindal Steel & Power Ltd.

02 Feb 2019

777.15

-3.08%

St eel margins improved led by mix but volumes decline

Buy: Jindal Steel & Power Ltd.

Target

Motilal Oswal

2 February 2019 JSPs 3QFY19 consolidated EBITDA declined 6% QoQ (+29% YoY) to INR20.1b led by a 6% decline in steel volumes in India and margin compression in Oman Steel & Jindal Power (JPL). But, the same was partly offset by improved margins in India. Interest cost declined 4% QoQ to INR10.4b, while Adj. PAT turned marginally negative at INR258m. Steel sales declined 6% QoQ (+26% YoY) to 1.2mt as prices were volatile in Dec19; due to the mix, average steel prices were higher. EBITDA per ton increased 9% QoQ to INR12,344 on higher spreads, despite steel prices weakening. EBITDA increased 2% QoQ (+61% YoY) to INR14.8b. Steel sales declined 4% QoQ to 450ktm, while production recovered to 460kt (+21% QoQ, +10% YoY), after maintenance shutdown. EBITDA per ton slid again by 27% to USD71/t on volatility in steel prices. EBITDA declined 32% QoQ to INR2.2b.

Jindal Steel & Power Ltd. has lost -13.79% in the last 1 Week

Jindal Steel & Power Ltd.

15 Nov 2018

777.15

-3.08%

Result Updates

Buy: Jindal Steel & Power Ltd.

Angel Broking

Outlook & Valuation: We have positive view on steel and power sectors on long term basis and expect JSPL to perform well in coming years owing to ramp up of Angul plant and realization in steel segment. We also expect power segment to perform well on account of improving power demand situation and various effort by GoI for availabilit..

Number of FII/FPI investors decreased from 557 to 548 in Dec 2024 qtr

Jindal Steel & Power Ltd.

14 Nov 2018

777.15

-3.08%

De spite sequential contraction, steel margins remain robust

Buy: Jindal Steel & Power Ltd.

Target

Motilal Oswal

13 November 2018 2QFY19 consolidated EBITDA declined 3% QoQ (+61% YoY) to INR22b (15% beat), led by compression in steel margins, both in India and Oman. The impact, however, was offset by improved profitability at overseas mines (e.g. Mozambique) and reversal of INR1b provision at Australia. Interest cost increased 12% QoQ to INR10.8b. Adj. PAT declined 51% QoQ to INR882m (v/s our estimate of a loss of INR2.3b). Steel sales increased 8% QoQ (+54% YoY) to 1.28mt. EBITDA per ton declined 18% QoQ to INR11,344 due to lower spreads. Steel sales increased 7% YoY to 470ktm, while production was lower at 380kt due to maintenance shutdown. EBITDA per ton was down 33% to USD98/t. EBITDA declined 29% QoQ to INR3.

Jindal Steel & Power.. has an average target of 1055.17 from 6 brokers.

Jindal Steel & Power Ltd.

14 Aug 2018

777.15

-3.08%

Result Updates

Buy: Jindal Steel & Power Ltd.

Angel Broking

Outlook & Valuation: We maintain our Buy recommendation with a slight reduction in Target Price to `320 from `327 (due to increased net debt level). However, we expect JSPL to perform well in coming years owing to improving realization in steel segment, limited addition of steel capacity in near term and improving demand of steel goin..

Jindal Steel & Power.. has an average target of 1055.17 from 6 brokers.

No results found

Is Jindal Steel & Power Ltd. worth buying?

504 Votes:

Buy 75.79%

Sell 16.87%

Hold 7.34%

RESEARCH REPORTS

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