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HomeSTOCKSShare Market Has Been Bullish For This Share; ₹861 Share Target By...

Share Market Has Been Bullish For This Share; ₹861 Share Target By Expert

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Jindal Steel And Power Ltd (NSE: JINDALSTEL): Jindal Steel share price: The market for shares has been booming for a long period. 

Over the past year, investors have made decent returns from the market. These comprise stocks from various industries, from which investors have made good profits. 

The steel industry is part of this. Several stocks in the steel sector have produced excellent profits for investors. 

Jindal Steel is also included among these. Jindal Steel has given good returns to investors over the past year. 

The brokerage house is now also positive about Jindal Steel.

More Than 42% A Year

In the past calendar year, Jindal Steel shares have experienced a growth of 42 percent or more. 

Its 52-week highest price on the NSE is 804.45 while its 52-week lowest price is 503. On February 23, 2024, the stock traded at the price of 786.10 on the NSE. 

Additionally, the brokerage house has issued a BUY rating for Jindal Steel.

Plan To Increase Stake

A reputed brokerage company says the ongoing capacity expansion in Angul (Odisha) could boost Jindal Steel and Power’s (JSP) capacity for crude steel by more than 65 percent up to 15.9 million tonnes. 

The expansion is expected to be completed by the end of 3QFY26 and is expected to make JSP the fourth-largest producer of steel in India. 

Alongside the capacity growth, JSP plans to strengthen its integration of raw materials as well as increase CPP share and flat steel share and promote its products. 

Capital expenditures planned will result in higher volumes and lower costs of structural work.

With This The Target

JSP has just commissioned and delivered its first rake made from the 6 mt HSM at Angul within a record time which lasted 30 months. 

This feat has allowed JSP to provide services to important industries like Automobile, Construction, Oil, GP, Color Coating, and many more. 

Additionally, the broker house JSP has implemented a smart reduction in leverage to boost its balance of. 

The brokerage house has given a price target of Rs 861 on the JSP stock.

About Jindal Steel And Power Ltd Company

Jindal Steel and Power Limited (JSPL) is one of India’s fastest-growing and biggest steel producers who are integrated. It is involved in the power, steel mining, infrastructure, and segment. 

The company is run by Mr. Naveen Jindal, the eldest son of famous Shri O.P. Jindal. The company manufactures economically efficient and durable steel and power utilizing forward and backward integration. 

The company makes the largest (121-meter) rails and is the first company in the United States to manufacture large-sized parallel beams with flanges.

JSPL is ranked as the 2nd largest worldwide value-creator by Boston Consulting Group, and the 11th fastest-growing business across the world. It’s also been ranked among the Top Blue Chip firms and was rated the highest wealth creator. 

Fundamental Analysis of Jindal Steel And Power Ltd 

Market Cap₹ 80,235 Cr.
Current Price₹ 786.10
52-wk High₹ 804.45
52-wk Low₹ 503
Stock P/E14.51
Book Value₹ 407
Dividend0.25 %
ROCE14.2 %
ROE10.6 %
Face Value₹ 1.00
P/B Value1.93
OPM19.8 %
EPS₹ 53.6
Debt₹ 13,467 Cr.
Debt to Equity0.32

Jindal Steel And Power Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 768₹ 824
2025₹ 829₹ 900
2026₹ 902₹ 918
2027₹ 920₹ 932
2028₹ 935₹ 980
2029₹ 1100₹ 1200
2030₹ 1245₹ 1300
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Jindal Steel And Power Ltd Shareholding Pattern

Promoters Holding
Dec 202261.21%
Mar 202361.21%
June 202361.21%
Sept 202361.21%
Dec 202361.21%
FII Holding
Dec 202213.13%
Mar 202313.42%
June 202312.71
Sept 202312.23%
Dec 202311.75%
DII Holding
Dec 202214.17%
Mar 202313.90%
June 202314.74%
Sept 202315.22%
Dec 202315.33%
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Govt. Holding
Dec 20220.00%
Mar 20230.00%
June 20230.00%
Sept 20230.00%
Dec 20230.00%
Public Holding
Dec 202210.02%
Mar 20239.99%
June 20239.86%
Sept 20239.88%
Dec 20239.99%
Others Holding
Dec 20221.48%
Mar 20231.48%
June 20231.48%
Sept 20231.48%
Dec 20231.73%
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Jindal Steel And Power Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 46,966 Cr
2020₹ 37,923 Cr
2021₹ 34,579 Cr
2022₹ 51,166 Cr
2023₹ 50,232 Cr

Last 5 Years’ Net Profit:

2019₹ -2,412 Cr
2020₹ -400 Cr
2021₹ 4,267 Cr
2022₹ 6,766 Cr
2023₹ 5,476 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20191.07
20200.95
20210.68
20220.36
20230.32

Last 10 Years’ Profit Growth:

10 Years:3%
5 Years:45%
3 Years:279%
Current Year:26%

Last 10 years’ Return on Equity (ROE):

10 Years:3%
5 Years:8%
3 Years:13%
Last Year:11%

Sales Growth Over 10 Years:

10 Years:10%
5 Years:10%
3 Years:12%
Current Year:-6%

Conclusion

This article is a complete guide about Jindal Steel And Power Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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