Jindal Stainless (Hisar) Limited

BSE: JSLHISAR · Iron & Steel

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Snapshot

Unlock Jindal Stainless (Hisar) Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Jindal Stainless (Hisar) Limited is a prominent Indian manufacturer specialising in a diverse range of stainless steel flat products, including austenitic, ferritic, martensitic, and duplex grades. The company's extensive portfolio encompasses ferro alloys, slabs, blooms, coils, and high-value specialty products like razor blade steel and precision strips.

Business Model

The company generates revenue through the manufacturing and sale of stainless steel products across various industrial and consumer applications. It leverages integrated production capabilities to supply both commodity-grade steel and high-margin specialty products to domestic and international markets.

Growth Outlook

Growth is driven by the increasing demand for stainless steel in infrastructure, automotive, and consumer goods sectors. The company continues to focus on expanding its specialty product segment to improve margins and market positioning.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of key raw materials like nickel, chromium, and scrap metal can significantly impact operating margins.
  • Cyclicality of Steel Industry. The company is exposed to the inherent cyclical nature of the global steel market, which is sensitive to economic downturns and industrial demand.
  • Regulatory and Trade Policy Risks. Changes in import duties, anti-dumping duties, and international trade policies can affect the company's competitive landscape and export viability.
  • Energy Cost Sensitivity. As a power-intensive manufacturing business, the company is vulnerable to volatility in energy prices and availability.

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Peers · Iron & Steel

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Jindal Stainless (Hisar) LimitedJSLHISAR
₹13,230 Cr———14.0%———
Tinplate Company of India Ltd.TINPLATE
₹4,505 Cr——-12.0%5.4%7.8%10.6%—
Tata Steel Long Products LimitedTATASTLLP
₹3,740 Cr———0.5%-119.3%4.9%—
ISMT LimitedISMTLTD
₹3,612 Cr——-1.9%14.5%10.7%16.1%—
Tata Metaliks LimitedTATAMETALI
₹3,508 Cr——2.6%8.7%7.4%10.6%—
Texmaco Infrastructure & Holdings LimitedTEXINFRA
₹1,573 Cr163.5596.555.5%96.8%0.8%1.1%+25.4%

As of Mar 2022

Financials