INSUBCONTINENT EXCLUSIVE:
Kunal Bothra has a buy call on Jindal Saw Ltd
with a target price of Rs 108.0
The current price of Jindal Saw Ltd
Kunal Bothra recommended to keep a stoploss at Rs 96
Jindal Saw Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 3149.58 Crore) operating in Metals -
key Products/Revenue Segments include Pipes (Iron - Steel) which contributed Rs 9265.31 Crore to Sales Value (94.26 % of Total Sales), Scrap
which contributed Rs 330.29 Crore to Sales Value (3.36 % of Total Sales), Job Work which contributed Rs 152.38 Crore to Sales Value (1.55 %
of Total Sales), Export Incentives which contributed Rs 65.39 Crore to Sales Value (0.66 % of Total Sales) and Other Operating Revenue which
contributed Rs 16.12 Crore to Sales Value (0.16 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2681.59 Crore, down -12.26 % from last quarter Sales
of Rs 3056.46 Crore and down -9.41 % from last year same quarter Sales of Rs 2960.12 Crore Company has reported net profit after tax of Rs
256.77 Crore in latest quarter
Mr.Hawa Singh Chaudhary, Mr.Neeraj Kumar, Mr.Prithvi Raj Jindal, Mr.Ravinder Nath Leekha, Mr.Sanjeev Shankar, Mrs.Savitri Devi Jindal,
Ms.Shradha Jatia, Ms.Sminu Jindal, Ms.Tripti Puneet Arya
Company has Price Waterhouse Chartered Accountants LLP as its auditoRs As on 31-12-2019, the company has a total of 319,754,117 shares