- Jindal Steel’s 4Q net income was 9.35 billion rupees, falling short of the estimated 11.33 billion rupees.
- This represents a significant increase from the previous year’s net income of 4.63 billion rupees.
- Revenue for the 4Q was reported at 134.9 billion rupees, a decrease of 1.5% compared to the previous year.
- This revenue figure also surpassed the estimate which was pegged at 118.96 billion rupees.
- Total costs amounted to 123.6 billion rupees, reflecting a 3.1% year-on-year decrease.
- Other income for the period was 343.5 million rupees, more than doubling from last year’s 157.6 million rupees.
- Meanwhile, Ebidta came in at 25.1 billion rupees, marking a 12% increase from the previous year and surpassing the estimate of 23.98 billion rupees.
- A dividend per share of 2 rupees was declared.
- Investor sentiment surrounding Jindal Steel is mixed, with 15 buys, 4 holds, and 7 sells.
Jindal Steel & Power on Smartkarma
Analysts on Smartkarma are closely following Jindal Steel & Power, with Nitin Mangal recently publishing a report titled “Jindal Steel & Power– Forensic Analysis”. In the report, Mangal highlights that the company has been engaging in high related party transactions, particularly with promoter entities, raising concerns. Despite facing challenges in its foreign mining operations, mainly in Australia, there are signs of improvement in the company’s balance sheet health. While there have been recent impairments and write-offs of loans, there is visible deleverage and an overall positive trend in the balance sheet health.
A look at Jindal Steel & Power Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Jindal Steel & Power Ltd. (JSPL) has garnered positive ratings in several key areas according to Smartkarma Smart Scores. With a high score in Momentum, the company shows strong potential for future growth and performance. Additionally, JSPL has received favorable ratings in Value and Growth, indicating a solid foundation and promising outlook. The company’s Resilience score further highlights its ability to weather market fluctuations and challenges.
JSPL’s overall Smart Score suggests a bright long-term outlook, supported by its involvement in manufacturing various products such as sponge iron, mild steel, and cement. Furthermore, the company’s diverse operations in power production, mining, and exploration for natural resources position it well for continued success in contributing to infrastructure development.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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