Accumulate Jindal Stainless, target price Rs 532: Prabhudas Lilladher

Prabhudas Lilladher has accumulate call on Jindal Stainless with a target price of Rs 532. The current market price of Jindal Stainless Ltd. is Rs 503.8.

Jindal Stainless Ltd., incorporated in the year 1980, is a Small Cap company (having a market cap of Rs 41529.92 Crore) operating in Metals - Ferrous sector.

Jindal Stainless Ltd. key Products/Revenue Segments include Steel, Sale of services, Export Incentives, Job Work and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 9828.97 Crore, down -3.89 % from last quarter Total Income of Rs 10227.20 Crore and up 74.83 % from last year same quarter Total Income of Rs 5621.97 Crore. Company reported net profit after tax of Rs 756.63 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 57.94 per cent stake in the company as of 30-Jun-2023, while FIIs owned 22.2 per cent, DIIs 6.01 per cent.