1. Stock Analysis- JSL Stainless Ltd.
Presented By:
Ashok Kumar
Sandeep Gunjan
Khayati Bhola

2. Report Card
Attribute Value Date
BSE :-532508 PE ratio 5.42 04/11/11
EPS (Rs) 17.00 Mar, 11
Current price:- Rs.92.10 Sales (Rs
crore) 1,837.64 Sep, 11
Plant:- Face Value
(Rs) 2
Net profit
margin (%) 4.62 Mar, 11
Last
dividend
(%) 100 24/07/08
Return on
average
equity 14.28 Mar, 11

4. Developed BY: Hans Goldschmidt in late 1890
Contains: 10-11 % chromium
• Austenitic
• Ferritic
• Martensitic

5. World Wide (1,000 metric tonnes) (2001 – 2010)
 1913-First commercial
Asia W. Europe/Africa Americas Central + Eastern Europe
35,000
production of stainless –
30,000
25,000
steel .
20,000
15,000
10,000
5,000
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010(p)
-1.0% +7.8% +10.6% +7.5% -1.0% +16.9% -2.0% -6.8% -5.3% +25.0%
19,167 20,663 22,861 24,583 24,320 28,400 27,836 25,930 24,562 30,690(p)
mmt mmt mmt mmt mmt mmt mmt mmt mmt mmt

6. • Reason:-

7. Growth rate 2005-2011 in% P.A%
Annual growth rate
in Asia –12.6% as
against 6% global
growth

9. Electro
others Process mechanical
Industry Engineering
3% /Electronics
10% 5%
2%
Construction
5%
Transport
5%
Metal Products
70%
• Metal products including kitchenware is the largest consumption
segment in India at present accounting for 70% share of 1.7 mill
tonnes
• Construction and transport sector is now picking up

10. •India exported about 170,000 tonnes of stainless
steel production in 2000-01. Of these, low nickel high
manganese grade HR and CR products were 20,000
tonnes. In the 300 series, HR and CR products were
about 20,000 tonnes, CF Bars 33,600 tonnes, wire
and cables about 12,000 tonnes. The export of 400
series was 9,800 tonnes of which CF Bars were 7,200
tonnes and wire and coils about 2,400 tonnes.

11. A
C
B

12. • Peak A- In 2008 stainless steel industry was looking up,
piggybacking on the increased demand from the railways. The
railways has placed order for 1,500stainless steel wagons and
coaches besides steel peripherals, which can be extensively used
inside the compartments.
• Peak B- In 2009, it was the time of global economic recession and
JSL used to export a huge quantity of its total production. So JSL
stainless faced a reduction in demand from Europe & USA.
• Peak C- JSL Stainless was installing a 5000 crores of SS producing
plant at Jajpur, Odisha. In the end of 2010 news came about
successfully commissioning & running of this Project.