The 2 reports from 1 analysts offering long term price targets
for Jindal Stainless Ltd. have an average target of 170.00. The consensus estimate
represents an upside of 107.32%
from the last price of 82.00.
Both boards approve merger of JSHL into JSL Key highlights of proposed scheme The board of directors of Jindal Stainless (JSL) and Jindal Stainless (Hisar) (JSHL) have accepted the recommendations of the respective board committees and approved the merger of JSHL into JSL. The transaction between Jindal Stainless (Hisar) and Jindal Stainless Ltd is an all-equity merger. As per the approved share swap ratio, 195 equity shares of JSL will be issued for every 100 equity shares of JSHL. Furthermore, as per the...
Both boards approve merger of JSHL into JSL Key highlights of proposed scheme The board of directors of Jindal Stainless (JSL) and Jindal Stainless (Hisar) (JSHL) have accepted the recommendations of the respective board committees and approved the merger of JSHL into JSL. The transaction between Jindal Stainless (Hisar) and Jindal Stainless Ltd is an all-equity merger. As per the approved share swap ratio, 195 equity shares of JSL will be issued for every 100 equity shares of JSHL. Furthermore, as per the...
At the CMP of Rs.64, JSL is trading at an EV/EBITDA of 5.2 x FY19E. We initiate with a BUY on JSL with a target price of Rs.127 (FY21 EV/EBITDA of 5x), which represents an upside of 98.4% over 18 months.
Jindal stainless (Hisar) Ltd (JSHL) reported healthy growth of 10% in net revenues to reach INR 2254 cr as company's volumes grew at 9% on yoy basis while sales per ton increased by 1% over...
Revenue stood at Rs30bn (+43% yoy/+15% qoq) and was better than our estimate. Both sales volume and realization remained strong. Sales volume rose by 38% yoy to 213kt while realization stood at Rs140,373/tonne vs our expectation of Rs135,000/tonne. Consequently, EBITDA increased by 13% yoy to Rs3.9bn (+50% qoq). EBITDA/tn stood at Rs18,106/tn (-18% yoy) due to higher base; lower Raw Material costs in Q3FY17....
Jindal Stainless (Hisar) (JSHL), an entity carved out of the erstwhile Jindal Stainless (JSL), is a leading player in the domestic stainless steel market.
