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Nalwa Sons Investments Share Price

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NSEBSE

3421.05-55.55 (-1.60%)

12:00 AM,12th Apr 2024

3408.65-70.95 (-2.04%)

12:00 AM,12th Apr 2024

BSE : 532256

NSE : NSIL

Sector : Financials

ISIN Code : INE023A01030

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Last Updated: Apr 12 2024 | 12:00 AM IST

Market Cap (₹ Cr)

1758

Turnover (₹ Cr)

0.13

Volume (Shares)

3928

Face Value

10

52-WK High

3880.00

52-WK High Date

05 Mar 2024

52-WK Low

2080.00

52-WK Low Date

21 Apr 2023

All Time High

3880.00

All Time High Date

05 Mar 2024

All Time Low

22.55

All Time Low Date

17 Nov 2003

Nalwa Sons Investments Ltd

Nalwa Sons Investments Limited (Formerly known Jindal Strips Limited) was incorporated on November 18 1970. The Company is registered as a NBFC under RBI guidelines and is engaged in the business of investing in the shares of group companies granting loans to the group companies for which the Company receives dividend interest respectively.Jindal Strips promoted by O P Jindal and Associates became public in 1975 which started with a single plant at Hisar has now become a multi-plant multi-location company. It manufactures stainless steel strips at Hisar wide strip hot and cold-rolled coils from imported slabs at Vasind and sponge iron at Raigarh. JSL is one of the few companies in the iron and steel industry without any technical collaboration; all its technology is developed in-house. The stainless steel produced by the company is mostly used for utensils while cold-rolled coils are partially used captively by a group concern for GP/GC sheets and the remaining is sold to the automobile and two-wheeler industry. JSL one of India's largest stainless steel producers with a market share of 40%.The company came out with an issue of partly convertible debentures in Apr.'92 to finance the expansion of capacity to 600000 tpa of sponge iron and 500000 tpa of pig iron. It has also to set up a captive power plant of 45 MVA. Jindal Holdings is a subsidiary of the company. In 1994-95 Brahmputra Capital and Finance Services Pvt. Ltd. became a subsidiary.During the year 1998-99 as per the scheme of arrangement between Jindal Strips and Jindal Steel & Power Ltd(JSPL) the former hived off its Raigarh and Raipur divisons to JSPL. In Dec.'99 it placed 5.75% foreign currency convertible bonds (FCCBs) to the international investors for an aggregate amount of USD 30 million. The issue was oversubscribed to the extent of USD 3.5 million. The Vasind division of the company has been hived off to a subsidiary -Jindal Steel & Alloy Ltd w.e.f from Jan.'2000.The Phase II of the stainless steel cold rolling project wherein the cold rolling capacity was increased to 90000 tpa and has commenced trial run production. All the value additional lines constituting of skin pass mill strip grinding line and bright annealing line have already been commissioned. The company acquired a 60000 tpa stainless steel cold rolling facility of Bethlehem Steel at Massillon USA at a project cost of USD 5 million.JSL has decided to incorporate a wholly- owned IT subsidiary Cross-Border IT (India) to foray into the global IT services business. It becomes the second company from the Rs 4000-crore O P Jindal Group to diversify into the high net worth IT sector after Jindal Steel and Power.As a part of restructuring the company Jindal Strips demerged its Stainless Steel division to Jindal Stainless Steel Ltd. and the same was approved by the Hon'ble Punjab and Haryana Court. Consequent upon sanctioning of the Scheme of Arrangement & Demerger between Jindal Strips Limited and Jindal Stainless Limited the stainless steel undertaking of Jindal Strips Limited with all the properties assets rights and powers stood transferred to and vest in Jindal Stainless Limited w.e.f 1 April 2002. Henceforth all the manufacturing activities of stainless steel are being carried out by Jindal Stainless Limited.As on 31st March 2015 the Company had 5 direct and step down subsidiaries namely (i) Jindal Steel & Alloys Ltd. (JSAL) (ii) Jindal Holdings Ltd.(JHL) (iii) Jindal Stainless(Mauritius) Ltd.(JSML) (iv)Massillon Stainless Inc. (MSI) -through JSML and (v) Brahmaputra Capital & Financial Services Ltd.During the financial year 2019-20 Jindal Holdings Limited with requisite approval of RBI and of Ministry of Corporate Affairs changed the nature of its business from NBFC to Non-NBFC's Company. Jindal Stainless (Mauritius) Limited (JSML) a wholly owned subsidiary ceased to be subsidiary of the Company w.e.f. 2nd December 2020 consequent upon completion of necessary formalities regarding transfer of entire shareholding of the Company in JSML to Mr. Rajeev Rahlan resident of USA (the Acquirer) as approved by the Board of Directors of the Company at its meeting held on 11th November 2020.

Nalwa Sons Investments Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1758

EPS - TTM (₹) [S]

88.11

P/E Ratio (X) [S]

0.17

Face Value (₹) 10
Latest Dividend (%)-
Latest Dividend Date -
Dividend Yield (%) -
Book Value Share (₹) [S]20017.17
P/B Ratio (₹) [S]0.17
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

3401.00

3516.95

Week Low/High

3401.00

3589.00

Month Low/High

3030.30

3595.00

Year Low/High

2080.00

3880.00

All time Low/High

9.50

3880.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-2.77%-2.98%0.000.03%
1 Month3.24%3.19%0.780.82%
3 Month8.14%7.86%2.312.85%
6 Month32.06%32.12%11.8013.77%
1 Year59.48%58.93%22.9426.43%
3 Year166.72%167.37%55.0557.36%

Company Info

Company Information

Non-Exec. & Independent Dir. : Rajender Parkash Jindal

Non-Exec & Non-Independent Dir : Mahendra Kumar Goyal

Company Sec. & Compli. Officer : Ajay Mittal

Independent Director : Nrender Garg

Independent Director : Kanwaljit Singh Thind

Independent Director : Shruti Srivastava

Registered Office: 28 Najafgarh Road, Moti Nagar Industrial Area,New Delhi,New Delhi-110015 Ph: 91-011-45021854/45021812

Email:investorcare@nalwasons.com

URL:http://www.nalwasons.com