Looking at the current JSL share price, are you wondering whether or not to invest in it? If yes, we’ve got you covered. In this article, we will discuss each and everything about Jindal Stainless Steel Ltd. including its company overview, financial performance, JSL share price analysis, and more. Keep reading till the end!
Contents
JSL is a short form for Jindal Stainless Steel Limited, which is one of the well-known stainless steel manufacturers in India. It is a reputed company with a broad portfolio of stainless steel products and services. The company was established in 2013 and has its plants located in multiple Indian states including Haryana, Maharashtra, Andhra Pradesh, Gujarat, and Tamilnadu.
JSL is a leading producer and manufacturer of high-quality stainless steel products in ferritic, austenitic, and martensitic grades. As per the recent data, JSL has five subsidiaries operating under its names, these are :
Further, JSL is also the first company in India that commercially manufactures high nitrogen steel for the requirements of the defence sector. At present, the company operates a fully functional steel plan in the state of Haryana, with nearly 0.8 million tonnes of capacity per annum. Moreover, the product range of Jindal Steel includes stainless-steel slabs, ferro alloys, hot and cold rolled coils, etc.
Jindal Stainless Steel Ltd. has a stable flow of income, which is a good sign for investors.
It generates most of its revenue from its mainstream business activities such as providing services and products to its customers.
Revenue is the most important aspect of any business and an essential indicator for evaluating the financial statements of a company. Multiple revenues from a company’s main business operations can be marked on its income profile as net sales, sales revenue, based on the sector or industry the given company operates in.
Here is a simple formula to calculate the revenue of any company or firm:
Revenue = Money Earned – Discounts & Returns
Coming back to Jindal Stainless Limited, its current revenue is noted at ₹3,314 Cr.
Out of all the fundamental indicators of JSL, its revenue is the most valuable tool for analysis that helps investors to figure out if it’s a good decision to invest in JSL or not. It also allows them to determine whether the firm is overvalued or undervalued by looking at the current JSL share price.
If the actual value of the share is higher than its market price, JSL is an undervalued share, and it is a good idea to invest in it. Otherwise, it’s better to sell the JSL shares if you have any.
As per the recent financial disclosure, JSL accounts for a revenue of about ₹148.45b. If you look at its competitors in the materials sector, it is a much higher value in the steel industry. It is again another reason to invest in JSL as it is an industry leader with a continuous flow of income.
Jindal Stainless Steelway Limited is currently placed among the top stocks in India, with respect to its boom value per share. With a market cap of ₹8, 260 Cr and a P/E ratio of 9.66, JSL is a good company to invest in.
Here are some other reasons to invest in it:
We have already discussed the current revenue generation of JSL, and it is clear that it is a financially strong company. Its debt-equity ratio stands at 0.9, which has lowered to a great extent.
Indian stainless steel industry is growing at a rapid rate due to heavy industrialization. JSL is currently an industry leader and is very less likely to be hit by recession or any other financial crisis. Looking at its continuous growth from the last three years, it indicates that the company is moving in the right direction.
The expansion of JSL and increasing demands within the steel industry indicates a stable future of the company. If you’re just entering the stock market, then JSL is a good buy as it offers low-risk and decent returns for the long term.
JSL offers better returns for long-term investment. Hence, if you’re planning to invest your money for a period of 5-10 years, then JSL can be a profitable stock to invest in.
JSL share price is ₹163.3, as of now. Looking at its original price, it is an undervalued share. It means it’s a good time to buy it.
JSL is among the top stocks for long-term investment. It offers comparatively low-risk and high returns to the investors. So, you can consider buying it. However, before making any final decision, do your own research and consult your financial advisor.
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