Buy JSW Steel @ 1053 // Pradnya Gaikwad // 3 Feb 2016

[pradnya gaikwad]

JSW Steel 

 

JSW Steel is the agship company of the USD 11 billion JSW Group, part of the O. P. Jindal Group. It is one of the lowest cost steel producers globally, and was ranked as the 6th most competitive steel maker, globally by WSD’s World-Class Steelmaker Rankings, 2015.

JSW Steel has integrated steel manufacturing facilities, from raw material processing plants to value-added product capacities, supported by state-of-the-art technologies. With an installed capacity of 14.3 MTPA, its facilities located across six strategic locations in South and West India.

 The Company has a robust pan-India distribution network and a reach of over 100 countries across 5 continents. JSW Steel has the widest product portfolio in India that includes a strong and growing share of value added and special steel.

Market Price: Rs 1053

Target Price:Rs 1263.6

 

STOCK  INFO

Sector                              Steel Large           Market Cap                     Rs25,586  52WeekH/L (BSE)           801.00 / 1126.00  52WeekH/Low (NSE)     800.00 / 1127.00  Volume                            163,118      Face value                        10.00  BSE Sensex                         1058.50  NSE                            1057.05

Category                                          % of Holding
	(A)Promoters                                39.09 (B) General Public                      10.74 (C) Others                                      11.92 (D) NBFC And Mutual Funds       2.71 (E) Financial Institutions              1.95
Total                                                100.00

 

JSW Steel’s diversified portfolio (including those of JSW Steel Coated Products Ltd.) is aligned to address the growing demand for value added steel. The Company’s has been making investments to set up new downstream facilities such as the Cold Rolling Mill-2 (CRM 2) Complex, including Continuous Annealing Line (CAL) and Continuous Galvanising Line (CGL); Electrical Steel Mill at Vijayanagar and augmentation of downstream facilities at Vasind and Tarapur. The emphasis on enriching the product mix continued through the year with a sharpened focus on value added and special steel products. The revenue contribution from this segment grew to 33% of the overall total sales in FY 2014-15 as against 24% in FY 2013-14.