JINDAL STEEL & POWER has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 194,048 | 269,255 | 38.8% |
Other income | Rs m | 3,113 | 1,968 | -36.8% |
Total Revenues | Rs m | 197,160 | 271,223 | 37.6% |
Gross profit | Rs m | 43,369 | 58,818 | 35.6% |
Depreciation | Rs m | 39,490 | 38,830 | -1.7% |
Interest | Rs m | 37,420 | 40,595 | 8.5% |
Profit before tax | Rs m | -30,429 | -18,641 | -38.7% |
Tax | Rs m | -5,027 | -2,398 | -52.3% |
Profit after tax | Rs m | -25,402 | -16,242 | -36.1% |
Gross profit margin | % | 22.3 | 21.8 | |
Effective tax rate | % | 16.5 | 12.9 | |
Net profit margin | % | -13.1 | -6.0 |
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No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Networth | Rs m | 300,334 | 303,626 | 1.1 |
Current Liabilities | Rs m | 243,952 | 229,094 | -6.1 |
Long-term Debt | Rs m | 325,983 | 329,559 | 1.1 |
Total Liabilities | Rs m | 941,209 | 926,867 | -1.5 |
Current assets | Rs m | 165,681 | 177,693 | 7.3 |
Fixed Assets | Rs m | 775,528 | 749,174 | -3.4 |
Total Assets | Rs m | 941,209 | 926,867 | -1.5 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-17 | Mar-18 | ||
Cash Flow from Operating Activities | Rs m | 68,498 | 77,243 | 12.8% |
Cash Flow from Investing Activities | Rs m | -19,991 | -14,312 | - |
Cash Flow from Financing Activities | Rs m | -51,077 | -62,756 | - |
Net Cash Flow | Rs m | -2,564 | 174 | - |
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 212.1 | 278.2 |
TTM Earnings per share | Rs | -27.8 | -16.8 |
Diluted earnings per share | Rs | -24.9 | -15.9 |
Price to Cash Flow | x | 8.8 | 8.5 |
TTM P/E ratio | x | -42.1 | -22.8 |
Price / Book Value ratio | x | 0.3 | 0.6 |
Market Cap | Rs m | 86,744 | 192,210 |
Dividends per share (Unadj.) | Rs | 0.0 | 0.0 |
Current Ratio: The company's current ratio improved and stood at 0.8x during FY18, from 0.7x during FY17. The current ratio measures the company's ability to pay short-term and long-term obligations.
Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 0.5x during FY18, from 0.2x during FY17. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.
Return on Equity (ROE): The ROE for the company improved and stood at -5.3% during FY18, from -8.5% during FY18. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.
Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 3.5% during FY18, from 1.1% during FY17. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.
Return on Assets (ROA): The ROA of the company improved and stood at 2.6% during FY18, from 1.3% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Current ratio | x | 0.7 | 0.8 |
Debtors’ Days | Days | 3 | 2 |
Interest coverage | x | 0.2 | 0.5 |
Debt to equity ratio | x | 1.1 | 1.1 |
Return on assets | % | 1.3 | 2.6 |
Return on equity | % | -8.5 | -5.3 |
Return on capital employed | % | 1.1 | 3.5 |
To see how JINDAL STEEL & POWER has performed over the last 5 years, please visit here.
Over the last one year, JINDAL STEEL & POWER share price has moved up from Rs 121.0 to Rs 219.3, registering a gain of Rs 98.4 or around 81.3%.
Meanwhile, the S&P BSE METAL Index is trading at Rs 13,322.0 (down 2.0%). Over the last one year it has moved up from 11,804.5 to 13,322.0, a gain of 1,518 points (up 12.9%).
Overall, the S&P BSE SENSEX is up 12.1% over the year.
(To know more, check out historical annual results for JINDAL STEEL & POWER and quarterly results for JINDAL STEEL & POWER)
JINDAL STEEL & POWER currently trades at Rs 913.5 per share. You can check out the latest share price performance of JINDAL STEEL & POWER here...
The revenues of JINDAL STEEL & POWER stood at Rs 271,223 m in FY18, which was up 37.6% compared to Rs 197,160 m reported in FY17.
JINDAL STEEL & POWER's revenue has grown from Rs 167,831 m in FY16 to Rs 271,223 m in FY18.
Over the past 3 years, the revenue of JINDAL STEEL & POWER has grown at a CAGR of 27.1%.
The net loss of JINDAL STEEL & POWER stood at Rs -16,242 m in FY18, which was down -36.1% compared to Rs -25,402 m reported in FY17.
This compares to a net loss of Rs -30,863 m in FY16.
Over the past 3 years, JINDAL STEEL & POWER net profit has grown at a CAGR of -27.5%.
The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.
This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.
The cash flow statement of JINDAL STEEL & POWER reveals:
Here's the cash flow statement of JINDAL STEEL & POWER for the past 3 years.
(Rs m) | FY16 | FY17 | FY18 |
---|---|---|---|
From Operations | 43,328 | 68,498 | 77,243 |
From Investments | -22,616 | -19,991 | -14,312 |
From Financial Activity | -26,719 | -51,077 | -62,756 |
Net Cashflow | -6,007 | -2,564 | 174 |
Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.
The ratio/financial analysis of JINDAL STEEL & POWER reveals:
Here's the ratio/financial analysis of JINDAL STEEL & POWER for the past 3 years.
FY16 | FY17 | FY18 | |
---|---|---|---|
Operating Profit Margin (%) | 19.5 | 22.3 | 21.8 |
Net Profit Margin (%) | -18.8 | -13.1 | -6.0 |
Debt to Equity Ratio (x) | 1.1 | 1.1 | 1.1 |
Read: Latest Annual Report Analysis of JINDAL STEEL & POWER
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1 Responses to "JINDAL STEEL & POWER 2017-18 Annual Report Analysis"
Ankit Jha
Jul 16, 2019very helpful in project making for JSPL (Barbil)