JSPL Q4 Review - Delivers On All Counts With Strong Balance Sheet In Fold: Prabhudas Lilladher
Signage for Jindal Steel & Power Ltd. is displayed on glass screens at the Raigarh plant. (Photographer: Udit Kulshrestha/Bloomberg)

JSPL Q4 Review - Delivers On All Counts With Strong Balance Sheet In Fold: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

Jindal Steel and Power Ltd. posted Q4 FY21 Ebitda above our/consensus estimates by 6%/5% on back of higher margins in steel business.

Domestic operation’s Ebitda beat our estimates by 3% at Rs 48.8 billion (our estimate: Rs 47.0 billion), up 25% QoQ.

The company reduced net debt by 40%/Rs 186 billion over last five years through organic free cash flow generation.

Resultantly, current net debt/Ebitda fell to two times on normalised earnings assumed in FY23E with Ebitda margins at Rs 12,000/tonne.

Company announced capex of Rs 180 billion on expanding capacity by six million tonne through brownfield route.

Click on the attachment to read the full report:

Prabhudas Lilladher JSPL Q4FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.