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Balance sheet of Jindal Steel & Power is strong.
But short term working capital might become an issue for this company.
Yes, The debt of Jindal Steel & Power is increasing.
Latest debt of Jindal Steel & Power is ₹13,175 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹7,851 Crs.
The profit is oscillating.
The profit of Jindal Steel & Power is ₹4,082 Crs for TTM, ₹5,938 Crs for Mar 2024 and ₹3,174 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Jindal Steel & Power latest dividend payout ratio is 3.38% and 3yr average dividend payout ratio is 4.86%
Companies resources are allocated to majorly productive assets like Plant & Machinery