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JINDALSTEL.NS - Jindal Steel & Power...

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Jindal Steel & Power Limited

JINDALSTEL.NS

NSE

Jindal Steel & Power Limited operates in the steel, power, mining, and infrastructure sectors in India and internationally. It operates through Iron and Steel Products, Power, and Others segments. The company offers track and crane rails, and flash-butt welded rail panels; and medium and heavy hot rolled parallel flange beams and column sections for use in refineries, metro rail projects, airports, flyovers, power plants, highways, malls, and high rise buildings. It also provides discrete and cut to length plates, and hot rolled coils that are used in general engineering and structural fabrication, railway wagons, pressure vessels and boilers, oil and gas pipelines, bridges and flyovers, shipbuilding, earthmoving equipment, wind mills, and defense equipment; angles and channels for infrastructure, and industrial and light construction segments; TMT rebars; wire rods for various applications; round bars; and fabricated sections. In addition, the company offers suspended concrete flooring systems for use in steel frame structures, RCC frame buildings, poured insitu or precast concrete frames, light gauge steel frames, and conventional structural brick wall constructions; semi-finished products for pipe industries, integrated mills, and rolling facilities; and coal-based sponge iron products. Further, it operates coal and iron ore mines located at various locations in India and internationally; a 3400 MW thermal power plant in Tamnar, Chhattisgarh; and a 258 KM long 400 KV double circuit transmission line to pump the power into the National Grid in India. Additionally, the company produces cement under the Jindal Panther brand; and provides structural steel fabrication and project management services for constructing steel buildings, as well as offers engineering based customized construction solutions. The company was incorporated in 1979 and is based in New Delhi, India.

912.3 INR

-3.75 (-0.411%)

Operating Data

Year

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

Revenue

442.93B

489.04B

696.47B

527.11B

500.27B

529.55B

560.55B

593.37B

628.1B

664.87B

Revenue %

-

10.41

42.41

-24.32

-5.09

5.85

5.85

5.85

5.85

Ebitda

67.87B

134.97B

152.65B

87.7B

103.57B

108.22B

114.56B

121.26B

128.36B

135.87B

Ebitda %

15.32

27.6

21.92

16.64

20.7

20.44

20.44

20.44

20.44

Ebit

33.59B

110.83B

131.68B

60.79B

75.36B

80.22B

84.92B

89.89B

95.15B

100.72B

Ebit %

7.58

22.66

18.91

11.53

15.06

15.15

15.15

15.15

15.15

Depreciation

34.29B

24.14B

20.97B

26.91B

28.22B

28B

29.64B

31.37B

33.21B

35.15B

Depreciation %

7.74

4.94

3.01

5.11

5.64

5.29

5.29

5.29

5.29

Balance Sheet

Year

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

Total Cash

7.79B

69.77B

38.71B

59.79B

44.77B

44.35B

46.95B

49.69B

52.6B

55.68B

Total Cash %

1.76

14.27

5.56

11.34

8.95

8.37

8.37

8.37

8.37

Receivables

39.6B

30.33B

15.22B

12.7B

16.65B

24.43B

25.86B

27.37B

28.97B

30.67B

Receivables %

8.94

6.2

2.19

2.41

3.33

4.61

4.61

4.61

4.61

Inventories

63.69B

59.43B

72.81B

58.87B

70.77B

65.98B

69.84B

73.93B

78.26B

82.84B

Inventories %

14.38

12.15

10.45

11.17

14.15

12.46

12.46

12.46

12.46

Payable

55.75B

40.38B

52.52B

47B

46.82B

49.42B

52.31B

55.37B

58.61B

62.05B

Payable %

12.59

8.26

7.54

8.92

9.36

9.33

9.33

9.33

9.33

Cap Ex

-16.65B

-8.58B

-29.44B

-64.48B

-85.17B

-41.3B

-43.72B

-46.28B

-48.99B

-51.86B

Cap Ex %

-3.76

-1.75

-4.23

-12.23

-17.03

-7.8

-7.8

-7.8

-7.8

Weighted Average Cost Of Capital

Price

912.3

Beta

Diluted Shares Outstanding

1B

Costof Debt

7.86

Tax Rate

After Tax Cost Of Debt

7.48

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

164.72B

Total Equity

915.91B

Total Capital

1.08T

Debt Weighting

15.24

Equity Weighting

84.76

Wacc

9.53

Build Up Free Cash Flow

Year

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

Revenue

442.93B

489.04B

696.47B

527.11B

500.27B

529.55B

560.55B

593.37B

628.1B

664.87B

Ebitda

67.87B

134.97B

152.65B

87.7B

103.57B

108.22B

114.56B

121.26B

128.36B

135.87B

Ebit

33.59B

110.83B

131.68B

60.79B

75.36B

80.22B

84.92B

89.89B

95.15B

100.72B

Tax Rate

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

Ebiat

14.91B

64.82B

79.74B

43.01B

71.7B

52.84B

55.94B

59.21B

62.68B

66.35B

Depreciation

34.29B

24.14B

20.97B

26.91B

28.22B

28B

29.64B

31.37B

33.21B

35.15B

Receivables

39.6B

30.33B

15.22B

12.7B

16.65B

24.43B

25.86B

27.37B

28.97B

30.67B

Inventories

63.69B

59.43B

72.81B

58.87B

70.77B

65.98B

69.84B

73.93B

78.26B

82.84B

Payable

55.75B

40.38B

52.52B

47B

46.82B

49.42B

52.31B

55.37B

58.61B

62.05B

Cap Ex

-16.65B

-8.58B

-29.44B

-64.48B

-85.17B

-41.3B

-43.72B

-46.28B

-48.99B

-51.86B

Ufcf

-14.98B

78.54B

85.12B

16.39B

-1.3B

39.15B

39.45B

41.76B

44.21B

46.79B

Wacc

9.53

9.53

9.53

9.53

9.53

Pv Ufcf

35.74B

32.88B

31.78B

30.71B

29.68B

Sum Pv Ufcf

160.79B

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

9.53

Free Cash Flow T1

48.43B

Terminal Value

802.51B

Present Terminal Value

508.96B

Intrinsic Value

Enterprise Value

669.75B

Net Debt

131.66B

Equity Value

538.09B

Diluted Shares Outstanding

1B

Equity Value Per Share

535.97

Projected DCF

535.97 -0.702%

DCF Levered

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