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Predicted EPS of 117 and 206 for FY11 and FY12
Posted by :
penny_lover
JSL was at rs 225 then - and Eco Times Investor guide predicted the following
FINANCIALS: The company’s net sales for FY07 stood at Rs 4,799 crore, while its current market capitalisation is Rs 3,473 crore. It has reported a CAGR of 29.15% in net sales for the past five years. During the same period, EBITDA has witnessed a CAGR of 28.75%, indicating that the company has maintained its operating profit margin.
Jindal Stainless has also managed to reduce its cost of debt from around 9.5% in FY04 to 7% in FY07. This has resulted in a higher CAGR of 40.7% in net profit. Results for the quarter ended September ’07 were below expectations, but we believe this is a temporary blip.
The fall in operating profit in the last quarter is due to a drop in sales and higher raw material cost. We expect the company will do better in future, thanks to the increasing appetite for steel and the accrual of revenues from the Orissa plant, once it is completed.
We have estimated the earnings from the Orissa plant and the rest of the company separately for ’11 and ’12 and then added both figures. This is because the proposed plant is funded largely by debt, which will comprise almost 78% of the total capital expenditure on the plant.
We expect that half of the plant’s total capacity of 1.6 mtpa (i.e. 0.8 mtpa) will start contributing to the company’s topline from FY11 and the remaining 0.8 mtpa from FY12 onwards. Based on our estimate, the forward EPS works out to Rs 117 and Rs 206 for FY11 and FY12, respectively. ...
will hit upper circuits from monday
Posted by : penny_loverJSL looks very cheap at 79----Is bound to move towards 100 this week--- REASON-- rs 6 eps for q1 (even if it has come from forex gains)---Things for metal companies are now looking to be clearing up---JSL will move up-Don`t Forget the expansions that it did in the last 2 years---Even Rs.100 EPS in future years is not ruled out(Discussed in Eco Times Investor`s Guide in early 2008)----I will print that analysis soon---So price of 79 is a Joke not reality----buy and bye ...
BSE Announcements on JSL
Posted by :
MMB MessengerJSL Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 22, 2009 to August 28, 2009 for the purpose of Annual General Meeting (AGM) of the Company....
NSE Announcements on JSL
Posted by : MMB MessengerJsl Limited has informed the Exchange that the Company has announced the Book Closure from August 22, 2009 to August 28, 2009 for the purpose of Annual General Meeting....
Share Price - JSL
Posted by :
vikasbang123company net profit up becuase of forex gain of 115 crore. it means company is still in loss. Better Quit at this level . See the Debt of 3500 crore. equity dilution and book value of 74 indicates that this stock will trade in the range of 75-100 in this year. so quit and buy at the same price after one year n company has purchased raw material at very high price during the boom time. so what ever they do they will show loss in their balance sheet for the entire year....
Share Price - JSL
Posted by : hi_dhaval2004
keep it not to sell it will be cross 150 in one or two months ok not to worrys take care
worst is over now...
Share Price - JSL
Posted by :
gnpgogyou pl. hold it for medium term .it is good group company and may give you profit....
BSE Announcements on JSL
Posted by : MMB Messenger
JSL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 28, 2009, inter alia, has approved the following:
1. enhancement in raising of money through International Offering by way of issue of FCCBs / GDRs / ADRs upto an aggregate principal amount of USD 150 million, subject to approval of shareholders.
Earlier, it was approved by the Board upto an aggregate amount of USD 100 million in its meeting held on April 06, 2009.
2. enhancement in raising of money by way of issuance of equity shares to Qualified Institutional Buyers through Qualified Institutional Placement upto an aggregate amount of Rs 750 Crore, subject to approval of shareholders.
Earlier, it was approved by the Board upto an aggregate amount of Rs 500 crore in its meeting held on April 06, 2009....
NSE Announcements on JSL
Posted by : MMB MessengerJsl Limited has informed the Exchange vide its letter dated July 28, 2009 that "The Board of Directors of the company, in its meeting held today, has inter alia approved : (i) enhancement in raising of money through International Offering by way of issue of FCCBs / GDRs / ADRs upto an aggregate principal amount of USD 150 million, subject to approval of shareholders. Earlier, it was approved by the Board upto an aggregate amount of USD 100 million in its meeting held on 6th April 2009. (ii) enhancement in raising of money by way of issuance of equity shares to Qualified Institutional Buyers through Qualified Institutional Placement upto an aggregate amount of Rs.750 Crore, subject to approval of shareholders. Earlier, it was approved by the Board upto an aggregate amount of Rs.500 crore in its meeting held on 6th April 2009"....
NSE Announcements on JSL
Posted by : MMB MessengerJSL Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2009 as follows: Net Sales of Rs. 134649 lacs for quarter ending on 30-JUN-2009 against Rs. 157743 lacs for the quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. 9476 lacs for the quarter ending on 30-JUN-2009 against Rs. 2842 lacs for the quarter ending on 30-JUN-2008....
Share Price - JSL
Posted by : HumblemanI am holding 1500 shares at an average cost of Rs.82.00. Waht should I do?. Hold or exit. Anyone can please advise me on this share please....
Why JSL suffered heavy loss in the annual result
Posted by : garg_mm
Yes, you are right. The plant went under shutdown from aug.08 to nov. 08 due to modernisation/expension. But now it is running well and should report good profit.
Thanks....
Why JSL suffered heavy loss in the annual result
Posted by : quick_gainsCan anyone please tell why it has sufferd losses? Whereas other steel companies are making progit at old pace during recession Why JSL loss??Is it because of some expansion plans????I don`t know Please reply...Thanks...
Buy tgt is 90
Posted by : garg_mmQ1 result of JSL will be very good. Buying is recommended at this level....
NSE Announcements on JSL
Posted by : MMB MessengerJsl Limited had informed the Exchange vide its letter dated June 24, 2009 that "The Board of Directors of the company, in its meeting held today, has inter alia: approved issuance of employee stock options under Employees Stock Option Scheme(ESOP), subject to approval of the shareholders in the ensuing annual general meeting and the Board of Directors has constituted Compensation Committee to monitor the ESOP; The Board has resolved the above in supersession of earlier resolution passed in its meeting held on July 22, 2008 "....
