Buy Jindal Stainless; target of Rs 910: Motilal Oswal

Moneycontrol • 6 days ago

Original source

Key Investment Pillars

  • Strong NSR and volume recovery drive earnings, with expected growth in FY27/28.
  • Incremental volumes from newly added capacity and healthy SS prices to support margins.
  • Dominant player in SS space, well-placed to capitalize on robust demand outlook.
  • Net debt/EBITDA to remain comfortable, allowing for future expansion.

Thesis Validation Checklist

  • Watch for volume growth, NSR, and EBITDA/t trends over the next 12 months.
  • Monitor management's ability to optimize product mix and improve profitability.
  • Track industry trends, including SS demand growth and potential impact of import pressures.
  • Evaluate the company's ability to maintain its market position and competitive advantages.