JSW Steel, a part of the diversified JSW Group, has been on a roll. In the just-concluded fiscal (FY18), the company reported a 76% year-on-year rise in net profit to Rs.61 billion on the back of 18% growth in turnover to Rs.715 billion. In fact, operating margins rose to nine‐year high level of Rs.11,100/tonne and analysts expect the momentum to sustain given the structural withdrawal of Chinese supplies, following a clampdown on pollution in the Asian region. Importantly, the company’s net debt fell by Rs.35.29 billion during the year, resulting in a D/E of 1.27x, even as i
Proving His Mettle
Sajjan Jindal bumps up holding as JSW Steel’s numbers head north
You don’t want to be left behind. Do you?
Our work is exclusively for discerning readers. To read our edgy stories and access our archives, you’ve to subscribe
Summer wine and salad
Kishore Singh - January 19, 2015
The million-dollar question: Is investing a game of luck or skill?
Shankar Sharma - May 04, 2021
Every crisis is an opportunity, if you are on the right side of equities
Samir Arora - May 04, 2021
Viraj Mehta trusts the toughness and bounce of a company that has seen many trials
Viraj Mehta - May 04, 2021
Safir Anand spots a mid-sized company with the right chemistry and catalytic circumstances
Safir Anand - May 07, 2021