Jindal Stainless Ltd., incorporated in 1980, is a small capitalization company (having a market capitalization of Rs 8738.99 Crore) operating in the metals – ferrous sector.
The main product/revenue segments of Jindal Stainless Ltd. include steel, labor, sale of services, export incentives, other operating income and gas for the year ending March 31, 2021.
For the quarter ended 31-03-2022, the company reported consolidated total revenue of Rs 6582.84 Crore, up 15.85% from last quarter, total revenue of Rs 5682.37 Crore and up up 67.66% from the same quarter last year, total revenue of Rs 3926.30 Crore. The company reported a net profit after tax of Rs 749.88 Crore last quarter.
Jindal Stainless share price has returned ~84% over the past 12 months (from ~Rs 90 in May 2021 to ~Rs 166 in May 2022). Brokerage maintains BUY rating on stock
The promoters held 68.6% of the company’s capital as of September 30, 2021, while the FIIs held 14.33% and the DIIs 6.63%.
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