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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Jindal Stainless Limited is a stainless-steel manufacturer. It is engaged in the manufacturing of stainless-steel flat products in austenitic, ferritic, martensitic and duplex grades. Its products include slabs, blooms, hot rolled (HR) coils, cold rolled (CR) coils, plates…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, steadily growing business, reasonably priced.
Jindal Stainless is scored on the commodity / cyclical framework. It keeps a slim 7.3% of every rupee of sales as net profit. Cash broadly tracks reported profit (CFO/PAT 1.07×). Free cash flow is worth about -0.2% of its market value.
Over the last 3 years revenue compounded at 7%/yr and profit at 15%/yr. Book value itself has compounded 18%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 15.7%. In the latest quarter profit grew 17% versus the prior quarter.
At 18× earnings, the stock sits at the 20th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price implies ~7%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 17.24 | 21.11 | better |
| P/B | 2.7 | 2.12 | worse |
| EV/EBITDA | 9.86 | 8.94 | worse |
| ROE | 15.7 | 18.05 | worse |
| ROCE | 17.29 | 11.11 | better |
| ROA | 7.49 | 3.13 | better |
| Quick Ratio | 0.57 | 3.33 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
Revenue has grown every year across all 4 financial years shown. 7% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
Profit is growing faster than revenue (15% vs 7%) — margin expansion is at work.
Operating margin has expanded from 8% to 10% — the business is keeping more of each rupee earned.
ROE at 16% — a respectable return on shareholder capital. High ROE despite single-digit margins — an asset-turn play with high capital velocity. Low variance across years — a predictable business that earns steadily on its equity base.
15% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Investing outflows exceed operating cash — the company relies on external funding to finance expansion. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 14% sequentially — momentum is building. Run-rate stepping up — recent quarters average 11% above earlier ones.
Profit jumped 17% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 62.5% — majority control intact. Promoters added 1.3pp over 4 quarters — creeping acquisition signals conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.