WEBSITE BSE:500378 NSE: JINDAL SAW Inc. Year: 1984 Industry: Steel & Iron Products My Bucket: Add Stock
Last updated: 15:59
Jindal Saw Ltd manufactures and elements iron and steel pipe products, fittings and add-ons with diverse production centres in numerous countries, together with India, the USA, Europe and the United Arab Emirates (UAE). The Company's segments consist of Iron & Steel products and Ocean waterways. It manufactures submerged arc welded (SAW) pipes and spiral pipes for the power transportation sector, carbon, alloy and seamless pipes and tubes for industrial applications, and ductile iron (DI) pipes and fittings for water and wastewater transportati...Read More
Jindal Saw Ltd manufactures and elements iron and steel pipe products, fittings and add-ons with diverse production centres in numerous countries, together with India, the USA, Europe and the United Arab Emirates (UAE). The Company's segments consist of Iron & Steel products and Ocean waterways. It manufactures submerged arc welded (SAW) pipes and spiral pipes for the power transportation sector, carbon, alloy and seamless pipes and tubes for industrial applications, and ductile iron (DI) pipes and fittings for water and wastewater transportation. Its commercial enterprise divisions comprises Welded Line Pipes (SAW Pipes); Ductile Iron Pipes (DI Pipes); Seamless Pipes and Tubes (Seamless Pipes), and Mining and Pellet division. Its products include Induction Bends and Pellets. It is engaged in production and presenting over 25,000 kilometers of line pipes, and exporting about 14,000 kilometers of line pipes for on-shore and off-shore pipeline tasks across the world. ...Read Less
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Market Cap ₹15110 Cr.
Stock P/E 10.4
P/B 1.2
Current Price ₹236.3
Book Value ₹ 192.8
Face Value 1
52W High ₹274.2
Dividend Yield 0.85%
52W Low ₹ 153.2
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 5466 | 5656 | 5425 | 4939 | 5572 | 5271 | 5047 | 4085 | 4234 | 4943 |
| Other Income | 22 | 40 | 69 | 46 | 30 | 22 | 21 | 18 | 30 | 20 |
| Total Income | 5488 | 5696 | 5494 | 4985 | 5602 | 5293 | 5067 | 4103 | 4264 | 4963 |
| Total Expenditure | 4662 | 4667 | 4505 | 4100 | 4658 | 4332 | 4310 | 3415 | 3782 | 4331 |
| Operating Profit | 826 | 1029 | 989 | 885 | 944 | 961 | 757 | 688 | 482 | 632 |
| Interest | 189 | 182 | 174 | 154 | 158 | 173 | 139 | 171 | 153 | 133 |
| Depreciation | 141 | 147 | 149 | 148 | 151 | 151 | 153 | 153 | 156 | 155 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 496 | 701 | 666 | 583 | 636 | 638 | 466 | 364 | 173 | 345 |
| Provision for Tax | 140 | 187 | 186 | 172 | 168 | 166 | 386 | -41 | 44 | 100 |
| Profit After Tax | 356 | 514 | 480 | 411 | 469 | 472 | 80 | 405 | 129 | 245 |
| Adjustments | 21 | 20 | 23 | 30 | 31 | 34 | 211 | 19 | 23 | 13 |
| Profit After Adjustments | 377 | 533 | 502 | 441 | 500 | 506 | 291 | 424 | 152 | 258 |
| Adjusted Earnings Per Share | 5.9 | 8.3 | 7.9 | 6.9 | 3.9 | 7.9 | 4.6 | 6.6 | 2.4 | 4 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 8208 | 7703 | 7070 | 8507 | 12117 | 11627 | 10664 | 13298 | 17868 | 20958 | 20829 | 18309 |
| Other Income | 206 | 273 | 289 | 179 | 189 | 156 | 266 | 199 | 253 | 312 | 210 | 89 |
| Total Income | 8414 | 7976 | 7359 | 8685 | 12306 | 11783 | 10930 | 13498 | 18121 | 21270 | 21039 | 18397 |
| Total Expenditure | 7400 | 7032 | 6347 | 7511 | 10685 | 10163 | 9479 | 11943 | 16264 | 17781 | 17491 | 15838 |
| Operating Profit | 1014 | 944 | 1012 | 1175 | 1621 | 1620 | 1451 | 1555 | 1857 | 3489 | 3548 | 2559 |
| Interest | 606 | 679 | 569 | 581 | 615 | 620 | 493 | 460 | 642 | 705 | 623 | 596 |
| Depreciation | 335 | 328 | 337 | 363 | 396 | 422 | 459 | 473 | 470 | 568 | 602 | 617 |
| Exceptional Income / Expenses | -30 | -21 | 96 | -91 | 378 | -112 | 0 | 0 | -25 | 0 | 0 | 0 |
| Profit Before Tax | 43 | -85 | 193 | 134 | 988 | 467 | 499 | 621 | 719 | 2216 | 2349 | 1348 |
| Provision for Tax | 116 | -68 | 63 | 133 | 212 | 5 | 172 | 246 | 268 | 623 | 891 | 489 |
| Profit After Tax | -73 | -17 | 130 | 1 | 776 | 461 | 328 | 376 | 452 | 1593 | 1458 | 859 |
| Adjustments | 59 | -23 | -17 | 178 | 74 | 93 | -9 | 36 | 192 | 84 | 280 | 266 |
| Profit After Adjustments | -14 | -40 | 114 | 178 | 850 | 555 | 319 | 412 | 644 | 1677 | 1738 | 1125 |
| Adjusted Earnings Per Share | -0.2 | -0.7 | 1.8 | 2.8 | 13.3 | 8.7 | 5 | 6.4 | 10.1 | 26.2 | 27.2 | 17.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -1% | 16% | 12% | 10% |
| Operating Profit CAGR | 2% | 32% | 17% | 13% |
| PAT CAGR | -8% | 57% | 26% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -12% | 45% | 45% | 27% |
| ROE Average | 14% | 12% | 9% | 6% |
| ROCE Average | 19% | 17% | 13% | 10% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 5390 | 5122 | 5386 | 5496 | 6282 | 6763 | 6983 | 7364 | 7921 | 10093 | 11411 |
| Minority's Interest | 45 | -6 | -127 | -296 | -382 | -475 | -444 | -515 | -642 | -726 | -457 |
| Borrowings | 4376 | 4047 | 3302 | 3311 | 2633 | 2361 | 2298 | 1833 | 1822 | 2108 | 1583 |
| Other Non-Current Liabilities | 560 | 445 | 470 | 466 | 450 | 591 | 553 | 623 | 815 | 878 | 1145 |
| Total Current Liabilities | 5629 | 4611 | 3824 | 4219 | 5784 | 5841 | 6424 | 7139 | 7967 | 8326 | 6983 |
| Total Liabilities | 15999 | 14346 | 12856 | 13197 | 14781 | 15082 | 15815 | 16443 | 17883 | 20679 | 20665 |
| Fixed Assets | 8239 | 7977 | 7455 | 7120 | 7163 | 7491 | 7316 | 7357 | 7484 | 8853 | 9341 |
| Other Non-Current Assets | 927 | 660 | 722 | 737 | 1189 | 1772 | 1783 | 1819 | 1495 | 1522 | 1219 |
| Total Current Assets | 6833 | 5611 | 4679 | 5337 | 6430 | 5818 | 6717 | 7267 | 8903 | 10304 | 10105 |
| Total Assets | 15999 | 14346 | 12856 | 13197 | 14781 | 15082 | 15815 | 16443 | 17883 | 20679 | 20665 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 87 | 290 | 178 | 97 | 72 | 144 | 173 | 552 | 497 | 78 | 741 |
| Cash Flow from Operating Activities | -183 | 917 | 1163 | 565 | 1567 | 1665 | 1570 | 73 | 1616 | 2593 | 2335 |
| Cash Flow from Investing Activities | -874 | -498 | -426 | -120 | -516 | -469 | -359 | -191 | -71 | -1917 | -899 |
| Cash Flow from Financing Activities | 1253 | -512 | -816 | -470 | -977 | -1168 | -831 | 61 | -1966 | -12 | -1524 |
| Net Cash Inflow / Outflow | 196 | -93 | -79 | -25 | 74 | 28 | 380 | -57 | -421 | 663 | -87 |
| Closing Cash & Cash Equivalent | 290 | 178 | 97 | 72 | 144 | 173 | 552 | 497 | 78 | 741 | 655 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0.25 | -0.66 | 1.78 | 2.79 | 13.29 | 8.67 | 4.99 | 6.44 | 10.07 | 26.22 | 27.18 |
| CEPS(Rs) | 4.52 | 5.1 | 7.31 | 5.69 | 18.33 | 13.81 | 12.3 | 13.27 | 14.42 | 33.79 | 32.21 |
| DPS(Rs) | 0.5 | 0.5 | 0.5 | 0.6 | 1 | 1 | 1 | 1 | 1.5 | 2 | 2 |
| Book NAV/Share(Rs) | 92.92 | 84.1 | 84.22 | 85.95 | 98.24 | 105.76 | 109.19 | 115.15 | 123.86 | 156.91 | 177.89 |
| Core EBITDA Margin(%) | 9.49 | 8.44 | 9.84 | 11.63 | 11.82 | 12.59 | 11.11 | 10.19 | 8.98 | 15.16 | 16.03 |
| EBIT Margin(%) | 7.61 | 7.48 | 10.37 | 8.35 | 13.23 | 9.34 | 9.3 | 8.13 | 7.62 | 13.93 | 14.27 |
| Pre Tax Margin(%) | 0.5 | -1.07 | 2.63 | 1.56 | 8.15 | 4.01 | 4.68 | 4.67 | 4.03 | 10.57 | 11.28 |
| PAT Margin (%) | -0.86 | -0.21 | 1.77 | 0.01 | 6.4 | 3.97 | 3.07 | 2.83 | 2.53 | 7.6 | 7 |
| Cash Profit Margin (%) | 3.08 | 3.92 | 6.37 | 4.25 | 9.67 | 7.59 | 7.38 | 6.38 | 5.16 | 10.31 | 9.89 |
| ROA(%) | -0.54 | -0.11 | 0.96 | 0 | 5.55 | 3.09 | 2.12 | 2.33 | 2.63 | 8.26 | 7.05 |
| ROE(%) | -1.64 | -0.32 | 2.48 | 0.01 | 13.18 | 7.07 | 4.77 | 5.24 | 5.91 | 17.74 | 13.62 |
| ROCE(%) | 5.63 | 4.54 | 6.27 | 6.1 | 13.45 | 9 | 8.19 | 8.58 | 10.53 | 20.58 | 18.73 |
| Receivable days | 81.13 | 87.07 | 77.91 | 71.07 | 62.71 | 64.09 | 68.3 | 53.95 | 54.83 | 61.24 | 61.63 |
| Inventory Days | 105.12 | 125.35 | 118.69 | 101.71 | 85.11 | 92.21 | 95.94 | 91.59 | 80.28 | 78.37 | 86 |
| Payable days | 67.57 | 59.2 | 43.62 | 36.47 | 57.99 | 84.42 | 101.13 | 80.3 | 74.1 | 62.82 | 51.19 |
| PER(x) | 0 | 0 | 23.44 | 21.32 | 3.26 | 2.64 | 7.44 | 6.99 | 7.23 | 8.24 | 9.94 |
| Price/Book(x) | 0.35 | 0.23 | 0.5 | 0.69 | 0.44 | 0.22 | 0.34 | 0.39 | 0.59 | 1.38 | 1.52 |
| Dividend Yield(%) | 1.52 | 2.59 | 1.2 | 1.01 | 2.31 | 4.37 | 2.7 | 2.22 | 2.06 | 0.93 | 0.74 |
| EV/Net Sales(x) | 1.18 | 1.11 | 1.24 | 1.18 | 0.68 | 0.56 | 0.63 | 0.6 | 0.52 | 0.88 | 1.02 |
| EV/Core EBITDA(x) | 9.54 | 9.02 | 8.65 | 8.52 | 5.09 | 4.02 | 4.64 | 5.14 | 4.97 | 5.3 | 5.96 |
| Net Sales Growth(%) | 23.32 | -6.16 | -8.21 | 20.32 | 42.44 | -4.04 | -8.29 | 24.71 | 34.36 | 17.29 | -0.61 |
| EBIT Growth(%) | 87.15 | -8.36 | 28.21 | -6.12 | 124.14 | -32.22 | -8.69 | 9.02 | 25.88 | 114.5 | 1.78 |
| PAT Growth(%) | 26.7 | 76.81 | 864.96 | -99.53 | 0 | -40.56 | -28.95 | 14.69 | 20.19 | 252.57 | -8.46 |
| EPS Growth(%) | 83.88 | -164.26 | 369.77 | 56.89 | 376.28 | -34.75 | -42.53 | 29.14 | 56.39 | 160.43 | 3.66 |
| Debt/Equity(x) | 1.5 | 1.47 | 1.16 | 1.15 | 0.91 | 0.8 | 0.73 | 0.79 | 0.6 | 0.56 | 0.41 |
| Current Ratio(x) | 1.21 | 1.22 | 1.22 | 1.26 | 1.11 | 1 | 1.05 | 1.02 | 1.12 | 1.24 | 1.45 |
| Quick Ratio(x) | 0.68 | 0.68 | 0.62 | 0.68 | 0.56 | 0.54 | 0.59 | 0.49 | 0.6 | 0.65 | 0.74 |
| Interest Cover(x) | 1.07 | 0.88 | 1.34 | 1.23 | 2.61 | 1.75 | 2.01 | 2.35 | 2.12 | 4.14 | 4.77 |
| Total Debt/Mcap(x) | 4.25 | 6.43 | 2.33 | 1.67 | 2.07 | 3.68 | 2.14 | 2.01 | 1.03 | 0.4 | 0.27 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 63.26 | 63.27 | 63.28 | 63.28 | 63.28 | 63.28 | 63.26 | 63.25 | 63.25 | 63.25 |
| FII | 15.22 | 14.65 | 15.06 | 16.08 | 15.73 | 16.99 | 15.12 | 15.35 | 14.1 | 13.46 |
| DII | 2.27 | 2.99 | 3.87 | 4.53 | 4.7 | 4.4 | 4.76 | 4.35 | 3.5 | 5.79 |
| Public | 19.25 | 19.08 | 17.79 | 16.11 | 16.29 | 15.33 | 16.86 | 17.05 | 19.16 | 17.5 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 20.23 | 20.23 | 20.23 | 20.23 | 40.47 | 40.47 | 40.46 | 40.45 | 40.45 | 40.45 |
| FII | 4.87 | 4.69 | 4.81 | 5.14 | 10.06 | 10.86 | 9.67 | 9.82 | 9.01 | 8.61 |
| DII | 0.73 | 0.96 | 1.24 | 1.45 | 3.01 | 2.81 | 3.05 | 2.78 | 2.24 | 3.7 |
| Public | 6.16 | 6.1 | 5.69 | 5.15 | 10.42 | 9.8 | 10.78 | 10.9 | 12.25 | 11.19 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 31.98 | 31.98 | 31.98 | 31.98 | 63.95 | 63.95 | 63.95 | 63.95 | 63.95 | 63.95 |
* The pros and cons are machine generated.
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