JINDAL STEEL & POWER has announced its results for the year ended March 2023. Let us have a look at the detailed performance review of the company during FY22-23.
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 453,305 | 449,177 | -0.9% |
Other income | Rs m | 4,010 | 3,814 | -4.9% |
Total Revenues | Rs m | 457,316 | 452,991 | -0.9% |
Gross profit | Rs m | 136,352 | 84,115 | -38.3% |
Depreciation | Rs m | 20,968 | 26,910 | 28.3% |
Interest | Rs m | 20,065 | 16,164 | -19.4% |
Profit before tax | Rs m | 99,330 | 44,855 | -54.8% |
Tax | Rs m | 16,483 | 12,923 | -21.6% |
Profit after tax | Rs m | 82,846 | 31,932 | -61.5% |
Gross profit margin | % | 30.1 | 18.7 | |
Effective tax rate | % | 16.6 | 28.8 | |
Net profit margin | % | 18.3 | 7.1 |
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No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
---|---|---|---|---|
Networth | Rs m | 356,247 | 387,066 | 8.7 |
Current Liabilities | Rs m | 181,790 | 208,098 | 14.5 |
Long-term Debt | Rs m | 84,343 | 72,076 | -14.5 |
Total Liabilities | Rs m | 792,695 | 747,383 | -5.7 |
Current assets | Rs m | 180,206 | 207,695 | 15.3 |
Fixed Assets | Rs m | 500,347 | 539,516 | 7.8 |
Total Assets | Rs m | 792,695 | 747,383 | -5.7 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-22 | Mar-23 | ||
Cash Flow from Operating Activities | Rs m | 160,478 | 72,755 | -54.7% |
Cash Flow from Investing Activities | Rs m | -23,313 | -40,185 | - |
Cash Flow from Financing Activities | Rs m | -151,196 | -25,005 | - |
Net Cash Flow | Rs m | -14,031 | 7,566 | - |
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 444.4 | 440.3 |
TTM Earnings per share | Rs | 81.2 | 31.3 |
Diluted earnings per share | Rs | 81.2 | 31.3 |
Price to Cash Flow | x | 5.2 | 8.0 |
TTM P/E ratio | x | 6.6 | 21.7 |
Price / Book Value ratio | x | 1.3 | 1.2 |
Market Cap | Rs m | 451,006 | 472,607 |
Dividends per share (Unadj.) | Rs | 3.0 | 2.0 |
Current Ratio: The company's current ratio improved and stood at 1.0x during FY23, from 1.0x during FY22. 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 deteriorated and stood at 3.8x during FY23, from 6.0x during FY22. 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 declined and down at 8.2% during FY23, from 23.3% during FY23. 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 declined and down at 13.3% during FY23, from 27.1% during FY22. 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 declined and down at 6.4% during FY23, from 13.0% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
---|---|---|---|
Current ratio | x | 1.0 | 1.0 |
Debtors’ Days | Days | 1 | 1 |
Interest coverage | x | 6.0 | 3.8 |
Debt to equity ratio | x | 0.2 | 0.2 |
Return on assets | % | 13.0 | 6.4 |
Return on equity | % | 23.3 | 8.2 |
Return on capital employed | % | 27.1 | 13.3 |
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 396.3 to Rs 678.7, registering a gain of Rs 282.4 or around 71.3%.
Meanwhile, the S&P BSE METAL Index is trading at Rs 21,923.7 (up 2.3%). Over the last one year it has moved up from 18,935.6 to 21,923.7, a gain of 2,988 points (up 15.8%).
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 932.0 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 452,991 m in FY23, which was down -0.9% compared to Rs 457,316 m reported in FY22.
JINDAL STEEL & POWER's revenue has grown from Rs 354,608 m in FY19 to Rs 452,991 m in FY23.
Over the past 5 years, the revenue of JINDAL STEEL & POWER has grown at a CAGR of 6.3%.
The net profit of JINDAL STEEL & POWER stood at Rs 31,932 m in FY23, which was down -61.5% compared to Rs 82,846 m reported in FY22.
This compares to a net profit of Rs 55,269 m in FY21 and a net loss of Rs -5,737 m in FY20.
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) | FY19 | FY20 | FY21 | FY22 | FY23 |
---|---|---|---|---|---|
From Operations | 90,269 | 88,143 | 119,609 | 160,478 | 72,755 |
From Investments | -8,321 | -14,756 | -18,842 | -23,313 | -40,185 |
From Financial Activity | -82,614 | -70,164 | -46,120 | -151,196 | -25,005 |
Net Cashflow | -666 | 3,223 | 54,647 | -14,031 | 7,566 |
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.
FY19 | FY20 | FY21 | FY22 | FY23 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 19.5 | 25.1 | 37.5 | 30.1 | 18.7 |
Net Profit Margin (%) | -6.8 | -2.2 | 15.7 | 18.3 | 7.1 |
Debt to Equity Ratio (x) | 0.9 | 0.9 | 0.6 | 0.2 | 0.2 |
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1 Responses to "JINDAL STEEL & POWER 2022-23 Annual Report Analysis"
Yamuna
Sep 18, 2023What is the annual report of Jindal &jsw steel 2022-23