Financials JSW ISPA NSE India S.E.

Equities

JSWISPL

INE743C01013

Iron & Steel

Delayed NSE India S.E. 5-day change 1st Jan Change
- INR -.--% Intraday chart for JSW ISPA -2.78% +21.95%

Valuation

Fiscal Period: March 2017 2018 2019 2020 2021 2022
Capitalization 1 6,846 3,042 13,288 4,362 12,326 15,166
Enterprise Value (EV) 1 128,504 90,137 36,383 32,774 36,943 41,120
P/E ratio -0.32 x -0.17 x -0.29 x -0.89 x 12.4 x 3,230 x
Yield - - - - - -
Capitalization / Revenue 0.55 x 0.22 x 0.71 x 0.17 x 0.3 x 0.25 x
EV / Revenue 10.4 x 6.52 x 1.94 x 1.25 x 0.89 x 0.68 x
EV / EBITDA -101 x 170 x 3,249 x -79.4 x 9.38 x 8.65 x
EV / FCF 15.4 x -13.8 x -1.66 x -11.6 x 31.1 x -32.7 x
FCF Yield 6.51% -7.24% -60.4% -8.66% 3.22% -3.06%
Price to Book -0.43 x -0.09 x 1.14 x 0.67 x 1.42 x 1.75 x
Nbr of stocks (in thousands) 66,254 66,254 469,548 469,548 469,548 469,548
Reference price 2 103.3 45.91 28.30 9.290 26.25 32.30
Announcement Date 9/2/17 10/15/18 6/26/19 6/30/20 9/4/21 6/26/22
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2017 2018 2019 2020 2021 2022
Net sales 1 12,380 13,833 18,794 26,147 41,612 60,115
EBITDA 1 -1,269 529.2 11.2 -412.8 3,938 4,752
EBIT 1 -4,865 -3,021 -2,764 -2,592 1,656 2,528
Operating Margin -39.3% -21.84% -14.71% -9.91% 3.98% 4.21%
Earnings before Tax (EBT) 1 -21,273 -17,593 -35,522 -4,920 2,095 14.9
Net income 1 -21,296 -17,583 -35,521 -4,919 2,106 14.9
Net margin -172.01% -127.11% -189% -18.81% 5.06% 0.02%
EPS 2 -321.5 -265.5 -96.92 -10.48 2.120 0.0100
Free Cash Flow 1 8,369 -6,525 -21,972 -2,837 1,189 -1,257
FCF margin 67.6% -47.17% -116.91% -10.85% 2.86% -2.09%
FCF Conversion (EBITDA) - - - - 30.19% -
FCF Conversion (Net income) - - - - 56.47% -
Dividend per Share - - - - - -
Announcement Date 9/2/17 10/15/18 6/26/19 6/30/20 9/4/21 6/26/22
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2017 2018 2019 2020 2021 2022
Net Debt 1 121,658 87,096 23,095 28,412 24,617 25,954
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -95.9 x 164.6 x 2,062 x -68.83 x 6.251 x 5.462 x
Free Cash Flow 1 8,369 -6,525 -21,972 -2,837 1,189 -1,257
ROE (net income / shareholders' equity) 446% 73.9% 449% -34.3% 16.3% 0.11%
ROA (Net income/ Total Assets) -2.12% -1.72% -2.66% -3.42% 2.11% 3.1%
Assets 1 1,003,951 1,022,582 1,335,380 143,900 99,669 480.1
Book Value Per Share 2 -242.0 -495.0 24.90 13.80 18.50 18.50
Cash Flow per Share 2 11.90 13.80 3.520 0.7600 0.2800 1.260
Capex - 170 778 1,289 951 1,451
Capex / Sales - 1.23% 4.14% 4.93% 2.29% 2.41%
Announcement Date 9/2/17 10/15/18 6/26/19 6/30/20 9/4/21 6/26/22
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA