According to the shareholding pattern of the company, the promoters own a 61.28 per cent stake, FIIs own a 3.69 per cent stake and the public owns 35.03 per cent of the company as of December 2023.

The company reported a net profit of Rs 1 crore in FY22 whereas it reported a net loss of Rs 14 crore in FY21.  

This multibagger company has reduced its debt by Rs 74.34 crore in the last financial year and has given 1,251 per cent returns!  

The company will be benefitted by utilising the proceeds of the restructuring for the repayment of the debt, Capex for composite cylinders (LPG/CNG/hydrogen), and core business in India to meet huge market demand as well as benefit the shareholders. 

The stock of Jindal Steel & Power is up by 12.31 per cent on an MTD basis while it has jumped nearly 26.5 per cent on a YTD basis.