ET Bureau & Agencies has buy call on & Power with a target price of Rs 750. The current market price of Jindal Steel & Power is Rs 601.85.
Jindal Steel & Power, incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 61592.92 Crore) operating in Metals - Ferrous sector.
Jindal Steel & Power key Products/Revenue Segments include Iron & Steel Items, Export Incentives, Other Operating Revenue and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 13521.88 Crore, up 3.46 % from last quarter Total Income of Rs 13069.17 Crore and down -.69 % from last year same quarter Total Income of Rs 13615.49 Crore. Company has reported net profit after tax of Rs 219.29 Crore in latest quarter.
The company’s top management includes Mrs.Savitri Jindal, Mrs.Shivani Wazir Pasrich, Mr.Sunjay Kapur, Dr.Bhaskar Chatterjee, Mr.Sunil Kumar Agrawal, Mr.Ramaswamy Ramkumar, Mr.D K Saraogi, Mr.Bimlendra Jha, Mr.Naveen Jindal, Ms.Kanika Agnihotri. Company has Lodha & Co. as its auditors. As on 31-12-2022, the company has a total of 102 Crore shares outstanding.
Investment Rationale
In the ferrous space, remains the brokerage key pick owing to its longs-heavy product portfolios.
Promoter/FII Holdings
Promoters held 61.2 per cent stake in the company as of 31-Dec-2022, while FIIs owned 13.13 per cent, DIIs 14.15 per cent.
Jindal Steel & Power, incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 61592.92 Crore) operating in Metals - Ferrous sector.
Jindal Steel & Power key Products/Revenue Segments include Iron & Steel Items, Export Incentives, Other Operating Revenue and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 13521.88 Crore, up 3.46 % from last quarter Total Income of Rs 13069.17 Crore and down -.69 % from last year same quarter Total Income of Rs 13615.49 Crore. Company has reported net profit after tax of Rs 219.29 Crore in latest quarter.
The company’s top management includes Mrs.Savitri Jindal, Mrs.Shivani Wazir Pasrich, Mr.Sunjay Kapur, Dr.Bhaskar Chatterjee, Mr.Sunil Kumar Agrawal, Mr.Ramaswamy Ramkumar, Mr.D K Saraogi, Mr.Bimlendra Jha, Mr.Naveen Jindal, Ms.Kanika Agnihotri. Company has Lodha & Co. as its auditors. As on 31-12-2022, the company has a total of 102 Crore shares outstanding.
Investment Rationale
In the ferrous space, remains the brokerage key pick owing to its longs-heavy product portfolios.
Promoter/FII Holdings
Promoters held 61.2 per cent stake in the company as of 31-Dec-2022, while FIIs owned 13.13 per cent, DIIs 14.15 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.