What is the debt of JSPL?
Naveen Jindal-led Jindal Steel and Power (JSPL) plans to clock around ₹50,000 crore of sales revenue by the end of FY22 with 8 Mt of production. The company also plans to bring down the company’s net debt to ₹8,000 crore from a peak of around ₹22,146 crore as of FY21.
Will Jindal steel go up?
Based on our forecasts, a long-term increase is expected, the “Jindal Steel Amp Power Ltd” stock price prognosis for 2027-04-30 is 1034.990 INR. With a 5-year investment, the revenue is expected to be around +105.5%. Your current $100 investment may be up to $205.5 in 2027. Get It Now!
What is the target of JSPL?
It reiterates positive view on JSPL with target price of Rs674 (earlier Rs659), rolling over to FY24 numbers. Its TP is based on 5.5x FY24E EV/EBITDA. Promoters held 60.44 per cent stake in the company as of 31-Dec-2021, while FIIs owned 8.93 per cent, DIIs 16.71 per cent.
Why Jindal Steel is rising?
JSPL sources significant portion of coking coal requirement from its own mines and this places it in a relatively better position amid the rage in steel prices driven by the ongoing Russia-Ukraine war.
Will steel stocks go up in 2022?
The Wall Street 2022 and 2023 consensus EPS figures are $10.15 and $3.06, respectively. The pricing environment remains solid for now, though. And rising steel prices are pushing U.S. Steel stock higher. Steel prices are up roughly 14% since Russia invaded Ukraine on Feb.
Is it good to buy Jindal Stainless share?
The brokerage has claimed ‘Jindal Stainless’ share price has given a return of ~173% in last 12 months (from ~Rs 75 in February 2021 to ~Rs 205 in February 2022). We maintain our BUY rating on the stock.
Is Jindal Steel a good company?
Jindal Steel and Power limited is a very nice firm, with great working culture. Learned a lot under the guidance of the management. very supportive and cooperative co-workers.
Why is sail rising?
Analysts at Equirus believe the SAIL stock is ‘poised for a big leap’ with key triggers being capacity expansion, more room for price increase and captive iron ore resources. Shares of state-owned Steel Authority of India (SAIL) have gained more than 50 per cent in the past one month.
Does TCS have debt?
Based on the latest financial disclosure, TATA CONSULTANCY SERVICES has a Total Debt of 78.82 B. This is much higher than that of the Technology sector and significantly higher than that of the Information Technology Services industry. The total debt for all India stocks is significantly lower than that of the firm.
What is JSPL doing special this year?
Here’s what is special this year The Naveen Jindal-led Jindal Steel and Power Ltd (JSPL) on Saturday said its consolidated steel sales rose 30 percent to 4.4 million tonnes (MT) last fiscal. Watch headlines to catch latest news and updates.
How much did JSPL’s Consolidated Steel sales rise 30 percent last fiscal?
The Naveen Jindal-led Jindal Steel and Power Ltd (JSPL) on Saturday said its consolidated steel sales rose 30 percent to 4.4 million tonnes (MT) last fiscal. Watch headlines to catch latest news and updates. Watch headlines to catch latest news and updates of the day. Fast N Facts @4:00 pm only on Zee News.
Will JSPL be debt free in this financial year?
JSPL will be a net debt free company in this financial year; we will not borrow any money from banks for expansion, but will depend upon our internal accruals. In the last financial year, JSPL alone made Rs 7,154 crores of net profit. and we can manage expansion with this growth, he says.
How much did JSPL’s sales volume increase during the month?
During the month, its sales volume also increased by 4 percent y-o-y to 7.1 lakh tonne, Jindal Steel and Power Limited (JSPL) said in a statement.