JINDAL STEEL & POWER has announced its results for the year ended March 2021. Let us have a look at the detailed performance review of the company during FY20-21.
No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 331,171 | 431,454 | 30.3% |
Other income | Rs m | 840 | 7,539 | 797.3% |
Total Revenues | Rs m | 332,011 | 438,993 | 32.2% |
Gross profit | Rs m | 77,445 | 126,064 | 62.8% |
Depreciation | Rs m | 38,672 | 38,128 | -1.4% |
Interest | Rs m | 42,071 | 34,684 | -17.6% |
Profit before tax | Rs m | -2,458 | 60,790 | -2,572.8% |
Tax | Rs m | 1,539 | 18,120 | 1,077.7% |
Profit after tax | Rs m | -3,997 | 42,670 | -1,167.6% |
Gross profit margin | % | 23.4 | 29.2 | |
Effective tax rate | % | -62.6 | 29.8 | |
Net profit margin | % | -1.2 | 9.9 |
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No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | % Change | |
---|---|---|---|---|
Networth | Rs m | 321,363 | 318,144 | -1.0 |
Current Liabilities | Rs m | 261,712 | 195,907 | -25.1 |
Long-term Debt | Rs m | 278,965 | 202,304 | -27.5 |
Total Liabilities | Rs m | 926,700 | 781,516 | -15.7 |
Current assets | Rs m | 189,189 | 206,303 | 9.0 |
Fixed Assets | Rs m | 737,511 | 575,214 | -22.0 |
Total Assets | Rs m | 926,700 | 781,516 | -15.7 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-20 | Mar-21 | ||
Cash Flow from Operating Activities | Rs m | 88,143 | 119,609 | 35.7% |
Cash Flow from Investing Activities | Rs m | -14,756 | -18,842 | - |
Cash Flow from Financing Activities | Rs m | -70,164 | -46,120 | - |
Net Cash Flow | Rs m | 3,223 | 54,647 | 1,595.6% |
No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 324.7 | 423.0 |
TTM Earnings per share | Rs | -3.9 | 41.8 |
Diluted earnings per share | Rs | -3.9 | 41.8 |
Price to Cash Flow | x | 2.4 | 2.6 |
TTM P/E ratio | x | -26.1 | 9.1 |
Price / Book Value ratio | x | 0.4 | 0.7 |
Market Cap | Rs m | 143,644 | 212,571 |
Dividends per share (Unadj.) | Rs | 0.0 | 0.0 |
Current Ratio: The company's current ratio improved and stood at 1.1x during FY21, from 0.7x during FY20. 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 2.8x during FY21, from 0.9x during FY20. 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 13.4% during FY21, from -1.2% during FY21. 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 18.3% during FY21, from 6.6% during FY20. 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 9.9% during FY21, from 4.1% during FY20. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | |
---|---|---|---|
Current ratio | x | 0.7 | 1.1 |
Debtors’ Days | Days | 4 | 2 |
Interest coverage | x | 0.9 | 2.8 |
Debt to equity ratio | x | 0.9 | 0.6 |
Return on assets | % | 4.1 | 9.9 |
Return on equity | % | -1.2 | 13.4 |
Return on capital employed | % | 6.6 | 18.3 |
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 82.2 to Rs 343.9, registering a gain of Rs 261.7 or around 318.3%.
Meanwhile, the S&P BSE METAL Index is trading at Rs 14,350.6 (up 0.4%). Over the last one year it has moved up from 5,713.3 to 14,350.6, a gain of 8,637 points (up 151.2%).
Overall, the S&P BSE SENSEX is up 74.1% 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 931.0 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 438,993 m in FY21, which was up 32.2% compared to Rs 332,011 m reported in FY20.
JINDAL STEEL & POWER's revenue has grown from Rs 197,160 m in FY17 to Rs 438,993 m in FY21.
Over the past 5 years, the revenue of JINDAL STEEL & POWER has grown at a CAGR of 22.2%.
The net profit of JINDAL STEEL & POWER stood at Rs 42,670 m in FY21, which was down -1,167.6% compared to Rs -3,997 m reported in FY20.
This compares to a net loss of Rs -24,115 m in FY19 and a net loss of Rs -16,242 m in FY18.
Over the past 5 years, JINDAL STEEL & POWER net profit has grown at a CAGR of NaN%.
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 5 years.
(Rs m) | FY17 | FY18 | FY19 | FY20 | FY21 |
---|---|---|---|---|---|
From Operations | 68,498 | 77,243 | 90,269 | 88,143 | 119,609 |
From Investments | -19,991 | -14,312 | -8,321 | -14,756 | -18,842 |
From Financial Activity | -51,077 | -62,756 | -82,614 | -70,164 | -46,120 |
Net Cashflow | -2,564 | 174 | -666 | 3,223 | 54,647 |
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 5 years.
FY17 | FY18 | FY19 | FY20 | FY21 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 22.3 | 21.8 | 19.5 | 23.4 | 29.2 |
Net Profit Margin (%) | -13.1 | -6.0 | -6.8 | -1.2 | 9.9 |
Debt to Equity Ratio (x) | 1.1 | 1.1 | 0.9 | 0.9 | 0.6 |
Read: Latest Annual Report Analysis of JINDAL STEEL & POWER
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