Jindal Steel Limited Share Price Target 2023, 2024, 2025 2026, 2030, 2040 | Apkacyber Finance

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Hit The Jindal Steel Limited Share Price Target Jindal Steel is a well-known steel manufacturing company in India. Apart from steel manufacturing, this company also produces raw materials like iron ore, coal and stone.

This company was started in 1982 by Sajjan Jindal. This company is a major company of JWS Group. In steel production, this company makes various types of products, such as hot rolled hot rolled coils, cold rolled coils, Galvan Independence, color coated, wire rod etc.

Apart from India, Jindal Steel also manufactures steel in 10 other countries. If you are thinking of investigating Jindal Steel Company, then today through this article we will provide you much information related to the company’s market. We will tell you the target price of Jindal Company’s shares for 2023, 2024, 2025, 2026, 2030, 2040.

Jindal Steel Limited

Jindal Steel Limited Share Price Target 2023?

Presently Jindal Steel Company is engaged in increasing steel production. During the lockdown, all the work of Jindal Steel was stopped, but after the lockdown was lifted, the demand for steel has suddenly increased in the market and the prices of steel are also skyrocketing.

The company is going to meet the demand of steel in India as well as in countries like America, from this it can be estimated that the company is going to perform well in the coming time. The market value of this company is currently around Rs 667.34 billion. Currently the probability index of this company is running at 20.97. This means, the company’s share prices are doing well.

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Jindal Steel Limited Share Price Target 2024?

The company’s fundamentals are going almost fine right now. In India, if any company other than Tata Steel can produce steel in large quantities, it is only Jindal Steel Limited Company. Currently, the P/E ratio of Jindal Steel and Power is (13.75).

This is considered a good ratio. The company has an ROE (24.48%) which is almost good. If we talk about the book value of Jindal Steel and Power Company, it is 376 as of now. Last year the company produced 19 million Tonnes of raw material. This clearly shows that the company can meet the demand for steel in the coming time.

Jindal Steel Limited Share Price Target 2025?

What the future of the company will be depends on the manufacturing capacity of the company. Jindal Steel Limited Company currently has a steel production capacity of 18 million tones. The company has 13 raw material mines of its own from which it obtains iron, ore, coal, limestone etc.

The company has no shortage of raw material; the company had met 47% of the iron requirement in its stand Alone operation. That is why the company is going to invest 2.4 billion dollars in its business in 6 years to increase its profits.

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Jindal Steel Limited Share Price Target 2026?

Jindal Steel is the only company which has its own raw material mines. Despite having sufficient quantity of raw material, this company has a debt of Rs 14,435 crore. The debt to equity of this company is 0.38 which is decent in one respect.

The company wants to eliminate its debt as soon as possible in the coming years so that it can meet the steel demand in the market by increasing the capacity of the manufacturing plant. The company is currently continuously increasing the production of steel, which can lead to a significant change in the company’s revenue.

Jindal Steel Limited Share Price Target 2030?

The company has 13 raw material mines. Out of which 9 are in Karnataka and the remaining 4 are in Orissa. The company should now get consistent steel orders so that the company can increase its manufacturing capacity and create a well-diversified portfolio. Apart from India, the company also has to send steel to 10 countries like America.

If foreign currency is invested in the company, then there can be a lot of difference in the share price of the company.

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Jindal Steel Limited Share Price Target 2040?

A lot of construction work is going to happen in the coming time. Many projects are also being taken up by the government which will require several million Tonnes of steel. This is a big golden opportunity for Jindal Steel Company.

If the company gets the government order, then the company will eliminate all its debts within 2 years and will also generate a good amount of revenue. But if some changes are made in government regulations, then some difficulties may increase for the company.

Jindal Steel Company Future?

Jindal Steel Company can perform well in future but only after the company eliminates all its debt. The company has 13 raw material mines of its own. If the company wants, it can increase its profit rate by selling the raw material further.

If the company fulfills the demand for steel in the market in time, then the company can achieve good growth in future. The market value of the company’s share price can also increase significantly.

Jindal Steel Company Strength?

The promoters of the company hold 61% of the company.
Jindal Steel Company’s ROE is 5.9%.
The company has 13 mines of raw material.

Jindal Steel Company Weakness?

Jindal Steel Company has a debt of Rs 14,435 crore.
In the last few years the company has shown a 70% decline in net profit.
Jindal Steel Company is not able to meet the steel demand in the market.

Conclusion?

Our opinion would be that if you are investing money for a short time then do not do it at all because the net profit of the company is continuously declining. Recently the net percentage of the company has declined by 70%. China is being considered the reason for this decline because China is providing more and more steel to all the countries of the world.

If you want to invest money for long term then you can do it because the company has no shortage of raw materials and as soon as the company gets a big order, the company will generate good revenue again.

Disclaimer?

Dear valued viewers,

I would like to remind you that I do not have SEBI (Securities and Exchange Board of India) permission to provide any financial advice or recommendation. The information and updates shared on this website are for educational and informational purpose only.

Do not construe it as investment advice, stock recommendations, or financial guidance. Although I aim to provide timely updates of the information contained herein, I cannot be held responsible for any financial loss incurred based on this information.

My desire is to provide periodic updates on the stock market, cryptocurrencies, and financial products with a human touch, to help you make informed investment decisions.

FAQ: –

(Q) What does the Jindal Steel do?

Ans. In steel production, this company makes various types of products, such as hot rolled hot rolled coils, cold rolled coils, galvanized, color coated, wire rod etc.

(Q) Jindal Steel where is located?

Ans. New, Delhi

(Q) When was the company established?

Ans. 1952

 

 

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