Share the post "Shareholding Pattern: Shareholding Pattern Jindal Stainless Limited An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
Jindal Stainless Limited has released its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This detailed report examines who owns shares, including Promoters, promoter groups, Foreign investors, public investors, and government entities.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 48.32 | 49.81 | 58.69 | 60.49 | +1.8 % |
| Public | 34.02 | 32.53 | 12.94 | 12.05 | -0.89 % |
| DII | 4.79 | 5.46 | 5.81 | 6.63 | +0.82 % |
| FII | 18.57 | 17.16 | 22.56 | 20.83 | -1.73 % |
| Government | 0 | 0 | 0 | 0 | 0 |
Promoters’ shareholding increased from 58.69% in December 2023 to 60.49% in March 2024. This rise indicates that the promoters have strengthened their control over Company during this period.The percentage of shares held by the public decreased from 12.94% in December 2023 to 12.05% in March 2024.This reduction indicates that the public’s stake in the company diminished during this period.DIIs (Domestic Institutional Investors) shareholding increased from 5.81% in December 2023 to 6.63% in March 2024 , indicating that domestic institutions increased their stake in the company by 0.82% . FIIs (Foreign Institutional Investors) shareholding decreased from 22.56% in December 2023 to 20.83% in March 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .
Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In crores) | Current Quarter Quantity (In crores) | Previous Quarter Shares (in %) | Current Quarter Shares (in %) | Quarter-to-Quarter Difference (%) |
|---|---|---|---|---|---|
| Virtuous Tradecorp Private Limited | 5.443 | 6.076 | 6.61 | 7.38 | + 0.77 % |
| JSL OVERSEAS HOLDING LTD | 12.433 | 12.837 | 15.1 | 15.59 | + 0.49 % |
| JSL OVERSEAS LTD | 9.678 | 10.127 | 11.75 | 12.3 | + 0.55 % |
Virtuous Tradecorp Private Limited has showcased a remarkable improvement in stakeholding for this quarter, registering a significant increase of 0.77 %.JSL OVERSEAS HOLDING LTD has showcased a remarkable improvement in stakeholding for this quarter, registering a significant increase of 0.49 %.JSL OVERSEAS LTD has showcased a remarkable improvement in stakeholding for this quarter, registering a significant increase of 0.55 %.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 6.311 | 6.145 | 7.66 | 7.46 | -0.2 % |
| Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 1.222 | 1.086 | 1.48 | 1.32 | -0.16 % |
| Non Resident Indians (NRIs) | 0.914 | 0.723 | 1.11 | 0.88 | -0.23 % |
| Bodies Corporate | 0.104 | 0.985 | 0.13 | 1.2 | + 1.07 % |
| Any Other (specify) | 1.030 | 0.969 | 1.25 | 1.18 | -0.07 % |
| HUF | 0.295 | 0.268 | 0.36 | 0.33 | -0.03 % |
| Unclaimed or Suspense or Escrow Account | 0.055 | 0.524 | 0.07 | 0.64 | + 0.57 % |
| Clearing Members | 0.006 | 0.001 | 0.01 | 0 | -0.01 % |
| Trusts | 0.040 | 0.035 | 0.05 | 0.04 | -0.01 % |
| Bodies Corporate | 0.104 | 0.086 | 0.13 | 0.1 | -0.03 % |
Observations show a significant difference of -0.2 % in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s financial performance between quarters.Observations show a significant difference of -0.16 % in Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs’s financial performance between quarters.Observations show a significant difference of -0.23 % in Non Resident Indians (NRIs)’s financial performance between quarters.Leading the way to higher stakeholding, Bodies Corporate has significantly boosted stakeholding by an impressive 1.07 %.Observations show a significant difference of -0.07 % in Any Other (specify)’s financial performance between quarters.Observations show a significant difference of -0.03 % in HUF’s financial performance between quarters.Leading the way to higher stakeholding, Unclaimed or Suspense or Escrow Account has significantly boosted stakeholding by an impressive 0.57 %.Observations show a significant difference of -0.01 % in Clearing Members’s financial performance between quarters.Observations show a significant difference of -0.01 % in Trusts’s financial performance between quarters.Observations show a significant difference of -0.03 % in Bodies Corporate’s financial performance between quarters.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Mutual Funds/ | 2.516 | 3.483 | 3.06 | 4.23 | + 1.17 % |
| HSBC VALUE FUND | 0.986 | 1.162 | 1.2 | 1.41 | + 0.21 % |
| Alternate Investment Funds | 1.640 | 1.330 | 1.99 | 1.61 | -0.38 % |
| Insurance Companies | 0.628 | 0.641 | 0.76 | 0.78 | + 0.02 % |
The latest quarter saw a considerable enhancement in stakeholding for Mutual Funds/, reflecting an uptick of 1.17 % in their shares.The latest quarter saw a considerable enhancement in stakeholding for HSBC VALUE FUND, reflecting an uptick of 0.21 % in their shares.Alternate Investment Funds decreased their stake from 1.61% in the previous quarter to 1.99% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.38 %.The latest quarter saw a considerable enhancement in stakeholding for Insurance Companies, reflecting an uptick of 0.02 % in their shares.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Foreign Portfolio Investors Category I | 18.312 | 16.879 | 22.24 | 20.5 | -1.74 % |
| BNP PARIBUS FINANCIAL MARKET | 1.425 | 0.883 | 1.73 | 1.07 | -0.66 % |
| ELM PAPARK FUND LIMITED | 5.525 | 3.985 | 6.71 | 4.84 | -1.87 % |
| Foreign Portfolio Investors Category II | 0.261 | 0.275 | 0.32 | 0.33 | + 0.01 % |
| HYPNOS FUND LIMITED | 1.623 | 0 | 1.97 | 0 | -1.97% |
Stakeholding dwindled by -1.74 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter.Stakeholding dwindled by -0.66 % for BNP PARIBUS FINANCIAL MARKET in comparison to the preceding quarter.Stakeholding dwindled by -1.87 % for ELM PAPARK FUND LIMITED in comparison to the preceding quarter.During this past quarter, there was a noteworthy upswing in stakeholding for Foreign Portfolio Investors Category II, which experienced a significant increase of 0.01 % .HYPNOS FUND LIMITED had 1.97% of shares in the previous quarter but exited in the current quarter.
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