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Buy JSW Steel, price target Rs 285: Kunal Bothra

The analyst suggested a stoploss at Rs 250.

Updated: Dec 13, 2019, 12.16 PM IST
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JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 61808.33 Crore) operating in Metals - Ferrous sector.
Kunal Bothra has a buy call on JSW Steel Ltd. with a target price of Rs 285.0 . The current price of JSW Steel Ltd. is Rs 260.2 . Kunal Bothra recommended to keep a stoploss at Rs 250 .

JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 61808.33 Crore) operating in Metals - Ferrous sector.

JSW Steel Ltd. key Products/Revenue Segments include Hot Rolled Coils/Plates/Sheets which contributed Rs 33336.00 Crore to Sales Value (50.33 % of Total Sales), Rolled Product which contributed Rs 13623.00 Crore to Sales Value (20.56 % of Total Sales), Coils (Cold Rolled) which contributed Rs 9588.00 Crore to Sales Value (14.47 % of Total Sales), Others which contributed Rs 3226.00 Crore to Sales Value (4.87 % of Total Sales), Coils & Sheets (Galvanised) which contributed Rs 2361.00 Crore to Sales Value (3.56 % of Total Sales), Billets & Blooms which contributed Rs 1779.00 Crore to Sales Value (2.68 % of Total Sales), Other Operating Revenue which contributed Rs 1188.00 Crore to Sales Value (1.79 % of Total Sales), M S/S S Slabs which contributed Rs 1133.00 Crore to Sales Value (1.71 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 17203.00 Crore, down -11.36 % from last quarter Sales of Rs 19407.00 Crore and down -17.65 % from last year same quarter Sales of Rs 20891.00 Crore Company has reported net profit after tax of Rs 2551.00 Crore in latest quarter.

The company’s top management includes Dr.Vinod Nowal, Dr.(Mrs.)Punita Kumar Sinha, Mr.Ganga Ram Baderiya, Mr.Haigreve Khaitan, Mr.Harsh Charandas Mariwala, Mr.Hiroyuki Ogawa, Mr.Jayant Acharya, Mr.M V S Seshagiri Rao, Mr.Malay Mukherjee, Mr.Sajjan Jindal, Mr.Seturaman Mahalingam, Mrs.Nirupama Rao, Mrs.Savitri Devi Jindal. Company has S R B C & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 2,417,220,440 shares outstanding.

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