Motilal Oswal has buy call on JSW Steel with a target price of Rs 435. The current market price of JSW Steel Ltd. is Rs 378.6.
JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 91806.03 Crore) operating in Metals - Ferrous sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 21487.00 Crore, up 15.14 % from last quarter Sales of Rs 18662.00 Crore and up 21.63 % from last year same quarter Sales of Rs 17666.00 Crore Company reported net profit after tax of Rs 2674.00 Crore in latest quarter.
Investment Rationale
The brokerage values JSTL at 6.5x FY22E EV/EBITDA to arrive at a TP of INR435
Promoter/FII Holdings
Promoters held 44.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.8 per cent, DIIs 6.8 per cent and public and others 35.3 per cent.
JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 91806.03 Crore) operating in Metals - Ferrous sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 21487.00 Crore, up 15.14 % from last quarter Sales of Rs 18662.00 Crore and up 21.63 % from last year same quarter Sales of Rs 17666.00 Crore Company reported net profit after tax of Rs 2674.00 Crore in latest quarter.
Investment Rationale
The brokerage values JSTL at 6.5x FY22E EV/EBITDA to arrive at a TP of INR435
Promoter/FII Holdings
Promoters held 44.1 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.8 per cent, DIIs 6.8 per cent and public and others 35.3 per cent.
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