Share the post "Jindal Steel & Power Ltd Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
Jindal Steel & Power Ltd has unveiled its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This comprehensive report offers a deep dive into the company’s shareholding landscape, including details on Promoters, promoter groups, Foreign investors, public investors, and government entities. Through meticulous comparative analysis, it tracks the evolution of shareholding percentages and quantities, highlighting any shifts in ownership dynamics. Investors gain invaluable insights into the company’s ownership structure and the evolving investment landscape.
| 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 | 62.43 | 62.43 | 61.2 | 61.2 | 0 |
| Public | 37.82 | 37.82 | 9.99 | 10.41 | +0.42 % |
| DII | 15.63 | 15.03 | 15.33 | 14.73 | -0.6 % |
| FII | 11.98 | 12.17 | 11.75 | 11.93 | +0.18 % |
| Government | 0.00 | 0.00 | 0 | 0 | 0 |
Promoters shareholding remained stable, at 61.2% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. The percentage of shares held by the public increased from 9.99% in December 2023 to 10.41% in March 2024.This change suggests that the public’s investment in the company grew during the quarter.Domestic Institutional Investor’s (DII) shareholding decreased slightly from 15.33% in December 2023 to 14.73% in March 2024 , indicating that domestic institutions reduced their -0.6 stake in the company.FIIs (Foreign Institutional Investors): There was a significant increase from 11.75% in December 2023 to 11.93% in March 2024. This suggests that foreign institutions grew their investments 0.18 in the company during the quarter. During quater from December 2023 to March 2024, Goverenment ownership remained steady at 0%.This indicates that the government’s stake in the company remained consistent during this period.
Let’s delve deeper 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 (%) |
|---|---|---|---|---|---|
| P R JINDAL HUF | 0 | 0.180 | 0 | 0.18 | +0.18% |
| S K JINDAL AND SONS HUF | 0 | 0.166 | 0 | 0.16 | +0.16% |
| R K JINDAL & SONS HUF | 0 | 0.079 | 0 | 0.08 | +0.08% |
| P R JINDAL HUF . | 0.180 | 0 | 0.18 | 0 | -0.18% |
| S K JINDAL AND SONS HUF . | 0.166 | 0 | 0.16 | 0 | -0.16% |
| R K JINDAL & SONS HUF . | 0.079 | 0 | 0.08 | 0 | -0.08% |
P R JINDAL HUF had no shares in the previous quarter but now holds 0.18% of shares in the current quarter.S K JINDAL AND SONS HUF had no shares in the previous quarter but now holds 0.16% of shares in the current quarter.R K JINDAL & SONS HUF had no shares in the previous quarter but now holds 0.08% of shares in the current quarter.P R JINDAL HUF . had 0.18% of shares in the previous quarter but exited in the current quarter.S K JINDAL AND SONS HUF . had 0.16% of shares in the previous quarter but exited in the current quarter.R K JINDAL & SONS HUF . had 0.08% of shares in the previous quarter but exited in the current quarter.
| 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 | 6.034 | 6.019 | 5.91 | 5.9 | -0.01 % |
| Non Resident Indians (NRIs) | 0.480 | 0.485 | 0.47 | 0.48 | + 0.01 % |
| Bodies Corporate | 2.199 | 2.193 | 2.16 | 2.15 | -0.01 % |
| Any Other (specify) | 0.247 | 0.685 | 0.24 | 0.67 | + 0.43 % |
| HUF | 0.159 | 0.157 | 0.16 | 0.15 | -0.01 % |
| Clearing Members | 0.065 | 0.504 | 0.06 | 0.49 | + 0.43 % |
Observations indicate a sizeable -0.01 % variance in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, Non Resident Indians (NRIs) lifts the bar with a remarkable 0.01 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Observations indicate a sizeable -0.01 % variance in Bodies Corporate’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, Any Other (specify) lifts the bar with a remarkable 0.43 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Observations indicate a sizeable -0.01 % variance in HUF’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, Clearing Members lifts the bar with a remarkable 0.43 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.
| 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/ | 12.355 | 11.663 | 12.11 | 11.43 | -0.68 % |
| HDFC MUTUAL FUND – HDFC MID-CAP OPPORTUNITIES FUND | 1.911 | 1.850 | 1.87 | 1.81 | -0.06 % |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ELSS TAX SAVER FUND | 1.309 | 1.104 | 1.28 | 1.08 | -0.2 % |
| KOTAK FLEXICAP FUND | 3.682 | 3.066 | 3.61 | 3.01 | -0.6 % |
| Alternate Investment Funds | 0.422 | 0.482 | 0.41 | 0.47 | + 0.06 % |
| Insurance Companies | 2.627 | 2.590 | 2.58 | 2.54 | -0.04 % |
| Provident Funds/ Pension Funds | 0.224 | 0.286 | 0.22 | 0.28 | + 0.06 % |
| ICICI PRUDENTIAL INDIA OPPORTUNITIES FUND | 1.133 | 0 | 1.11 | 0 | -1.11% |
Mutual Funds/ decreased their stake from 11.43% in the previous quarter to 12.11% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.68 %.HDFC MUTUAL FUND – HDFC MID-CAP OPPORTUNITIES FUND decreased their stake from 1.81% in the previous quarter to 1.87% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.06 %.NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ELSS TAX SAVER FUND decreased their stake from 1.08% in the previous quarter to 1.28% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.2 %.KOTAK FLEXICAP FUND decreased their stake from 3.01% in the previous quarter to 3.61% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.6 %.The latest quarter saw a considerable enhancement in profitability for Alternate Investment Funds, reflecting an uptick of 0.06 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.Insurance Companies decreased their stake from 2.54% in the previous quarter to 2.58% in the current quarter. It describes a decrease in stakes over consecutive quarters, specifically by -0.04 %.The latest quarter saw a considerable enhancement in profitability for Provident Funds/ Pension Funds, reflecting an uptick of 0.06 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.ICICI PRUDENTIAL INDIA OPPORTUNITIES FUND had 1.11% of shares in the previous quarter but exited in the current quarter.
| 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 | 11.657 | 11.772 | 11.43 | 11.54 | + 0.11 % |
| NEW WORLD FUND INC | 1.113 | 1.307 | 1.09 | 1.28 | + 0.19 % |
| Foreign Portfolio Investors Category II | 0.326 | 0.396 | 0.32 | 0.39 | + 0.07 % |
During this past quarter, there was a noteworthy upswing in profitability for Foreign Portfolio Investors Category I, which experienced a significant increase of 0.11 % in net profit.During this past quarter, there was a noteworthy upswing in profitability for NEW WORLD FUND INC, which experienced a significant increase of 0.19 % in net profit.During this past quarter, there was a noteworthy upswing in profitability for Foreign Portfolio Investors Category II, which experienced a significant increase of 0.07 % in net profit.
