Jindal Steel's Quality Grade Change Reflects Competitive Position in Ferrous Metals Industry

Jindal Steel has recently undergone an evaluation revision, reflecting its current standing within the ferrous metals industry. The company has demonstrated a sales growth rate of 6.10% over the past five years, alongside an EBIT growth of 3.98%. Its EBIT to interest ratio averages at 5.69, indicating a solid ability to cover interest expenses.
In terms of leverage, Jindal Steel's debt to EBITDA ratio stands at 3.64, while its net debt to equity ratio is relatively low at 0.21, suggesting a manageable debt load. The company's sales to capital employed ratio is 0.73, and it maintains a tax ratio of 34.95%. Additionally, Jindal Steel has a dividend payout ratio of 3.38%, with 11.19% of its shares pledged and institutional holdings at 28.16%.

When compared to its peers, Jindal Steel's performance metrics reveal a competitive landscape. While Jindal Steel's quality assessment reflects a certain standing, both JSW Steel and Tata Steel have shown stronger performance indicators. Notably, Jindal Steel's return metrics over various periods, including a 135.57% return over three years, highlight its resilience in the market compared to broader indices.