Jindal Stainless (Hisar) Ltd. share price target

JSHL is the world's largest producer of SS strips for razor blades and India's largest producer of coin blanks Q1FY22 Results: JSHL reported a healthy performance in Q1FY22. During Q1FY22, JSHL's standalone operation's EBITDA/tonne was at | 25278/tonne (standalone EBITDA/tonne of | 19952/tonne in Q4FY21) What should investors do? JSHL's share price has grown by ~4x over the last 18...

have shot up by Rs600mn on a yoy basis and the company also continued to book inventory loss (adjusted in raw material costs). JSHL also reported exceptionally high Effective Tax Rate (ETR) of 48.6% in the quarter, resulting in a slump in PAT. However, the bottom-line was shored up through exceptional MTM FX gain of Rs218mn as rupee appreciated 3.5% through the quarter as compared with loss of Rs58mn sequentially. Revise estimates; downgrade to Hold: Though the domestic demand should structurally remain strong given the low per capita consumption of Stainless Steel, the threat of dumping...

Jindal Stainless Hisar Ltd (JSHL), reported net revenue de-growth of 5% to INR 2,229cr during Q2FY19 as volumes declined by 17% on yoy basis.

Hisar unit (JSHL) of Jindal stainless (JSL) has always been a profitable unit even in the turbulent times, despite being located in a landlocked area. Given JSHL's market position and 7.5% demand (improving infrastructure) CAGR for the next decade, we believe the group is well poised to capture higher market share. Besides this, the increase in contribution from VAP to 65% of the overall sales mix, will help the company to sustain its earnings. We continue to remain positive on the company given its sustainable earnings, however...

JSHL's Q4FY18 standalone numbers were below our estimates, due to lower than expected realisation. The volume during the quarter continues to remain strong. FY18 consolidated PAT doubled to Rs5.91 bn, supported by strong performance in standalone operations and improved performance from Jindal Stainless Steelway (JSSL) and Jindal Lifestyle (JLL)....

Jindal stainless (Hisar)(JSHL) reported healthy growth of 35.2% in net revenues to reach INR 2439cr as company's volumes grew at 8.3% on yoy basis while sales per ton increased by 24.8% over Q3FY17.

Jindal stainless (Hisar)(JSHL) reported healthy growth of 52% in net revenues to reach INR 2348cr as companys volumes grew at 25.2% on yoy basis while sales per ton increased by 21% over Q2FY17.