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Jindal Stainless Ltd: 1 director
A director at Jindal Stainless Ltd sold 10,000 shares at 557.750INR and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
- Ashish Kejriwal
Jindal Stainless' Q3FY20 results (Outperformer) - Volume growth contin...
Q3FY20 result – Volume led EBITDA growth Jindal Stainless (JSL) reported in-line consolidated EBITDA of R2,996m, down 5.9% qoq, primarily due to lower realisation (IDFCe: Rs2,863m). Standalone EBITDA of Rs3,025m, down 4.6% qoq (up 33% yoy) despite 2.6% qoq growth in volumes to 0.239mt (up 17.2% yoy). This was primarily due to lower realisation (Rs132,857/t, down 2.2% qoq). Realisations were lower due to higher export volumes share (21.5% vs 20.0% in Q2). JSL sold ~187,914t in domestic marke...
- Ashish Kejriwal
Jindal Stainless' Q2FY20 results (Outperformer) - On path of deleverag...
Q2FY20 result – Volume led EBITDA growth Jindal Stainless (JSL) reported consolidated EBITDA of R3,185m, up 6.2% qoq, primarily due to volume growth. Reported Standalone EBITDA of Rs3,171m, up 1% qoq (up 37% yoy) on the back of 5% qoq growth in volumes to 0.233mt (up 13% yoy) offsetting the effects of lower realisation (Rs135,874/t, down 2% qoq). Realisations were lower due to lower share of 300-series in mix (50% vs 51% in Q1FY20). However, increase in power cost led to a 4% decline in EBIT...
- Ashish Kejriwal
Visit note: Jindal Stainless (Unrated) - Volume led growth
Jindal Stainless Ltd. (JSL) is India’s largest producer of stainless steel with installed capacity of 0.8mtpa at Jajpur, Odisha. We present key takeaways of our visit to JSL’s plant to understand the company’s operating environment, possibility of volume growth, capex plans etc. Stainless steel volumes to post 12-15% CAGR over FY18-20: Management expects increase in stainless steel (SS) slab capacity from 0.8mtpa to 1.1mtpa by FY19-end by reconfiguring the transformer of one of the company’s E...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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