Market Cap ₹17302 Cr.
Stock P/E 10.9
P/B 1.5
Current Price ₹270.6
Book Value ₹ 178
Face Value 1
52W High ₹383.9
Dividend Yield 0.74%
52W Low ₹ 210.9
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.
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| #(Fig in Cr.) | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 4044 | 5158 | 5188 | 4410 | 5466 | 5656 | 5425 | 4939 | 5572 | 5271 |
| Other Income | 23 | 44 | 79 | 37 | 22 | 40 | 69 | 46 | 30 | 22 |
| Total Income | 4067 | 5202 | 5267 | 4447 | 5488 | 5696 | 5494 | 4985 | 5602 | 5293 |
| Total Expenditure | 3712 | 4663 | 4588 | 3803 | 4662 | 4667 | 4505 | 4100 | 4658 | 4332 |
| Operating Profit | 355 | 539 | 679 | 645 | 826 | 1029 | 989 | 885 | 944 | 961 |
| Interest | 148 | 169 | 162 | 160 | 189 | 182 | 174 | 154 | 158 | 173 |
| Depreciation | 117 | 118 | 126 | 132 | 141 | 147 | 149 | 148 | 151 | 151 |
| Exceptional Income / Expenses | -25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 64 | 252 | 392 | 354 | 496 | 701 | 666 | 583 | 636 | 638 |
| Provision for Tax | 43 | 109 | 94 | 109 | 140 | 187 | 186 | 172 | 168 | 166 |
| Profit After Tax | 21 | 143 | 298 | 244 | 356 | 514 | 480 | 411 | 469 | 472 |
| Adjustments | 38 | 71 | 59 | 20 | 21 | 20 | 23 | 30 | 31 | 34 |
| Profit After Adjustments | 59 | 214 | 357 | 265 | 377 | 533 | 502 | 441 | 500 | 506 |
| Adjusted Earnings Per Share | 0.9 | 3.4 | 5.6 | 4.1 | 5.9 | 8.3 | 7.9 | 6.9 | 3.9 | 7.9 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 6656 | 8208 | 7703 | 7070 | 8507 | 12117 | 11627 | 10664 | 13298 | 17868 | 20958 | 21207 |
| Other Income | 95 | 206 | 273 | 289 | 179 | 189 | 156 | 266 | 199 | 253 | 312 | 167 |
| Total Income | 6751 | 8414 | 7976 | 7359 | 8685 | 12306 | 11783 | 10930 | 13498 | 18121 | 21270 | 21374 |
| Total Expenditure | 6016 | 7400 | 7032 | 6347 | 7511 | 10685 | 10163 | 9479 | 11943 | 16264 | 17781 | 17595 |
| Operating Profit | 735 | 1014 | 944 | 1012 | 1175 | 1621 | 1620 | 1451 | 1555 | 1857 | 3489 | 3779 |
| Interest | 392 | 606 | 679 | 569 | 581 | 615 | 620 | 493 | 460 | 642 | 705 | 659 |
| Depreciation | 321 | 335 | 328 | 337 | 363 | 396 | 422 | 459 | 473 | 470 | 568 | 599 |
| Exceptional Income / Expenses | -68 | -30 | -21 | 96 | -91 | 378 | -112 | 0 | 0 | -25 | 0 | 0 |
| Profit Before Tax | -46 | 43 | -85 | 193 | 134 | 988 | 467 | 499 | 621 | 719 | 2216 | 2523 |
| Provision for Tax | 55 | 116 | -68 | 63 | 133 | 212 | 5 | 172 | 246 | 268 | 623 | 692 |
| Profit After Tax | -100 | -73 | -17 | 130 | 1 | 776 | 461 | 328 | 376 | 452 | 1593 | 1832 |
| Adjustments | 15 | 59 | -23 | -17 | 178 | 74 | 93 | -9 | 36 | 192 | 84 | 118 |
| Profit After Adjustments | -86 | -14 | -40 | 114 | 178 | 850 | 555 | 319 | 412 | 644 | 1677 | 1949 |
| Adjusted Earnings Per Share | -1.5 | -0.2 | -0.7 | 1.8 | 2.8 | 13.3 | 8.7 | 5 | 6.4 | 10.1 | 26.2 | 26.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 17% | 25% | 12% | 12% |
| Operating Profit CAGR | 88% | 34% | 17% | 17% |
| PAT CAGR | 252% | 69% | 15% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 10% | 77% | 59% | 23% |
| ROE Average | 18% | 10% | 8% | 5% |
| ROCE Average | 21% | 13% | 11% | 9% |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 3568 | 5390 | 5122 | 5386 | 5496 | 6282 | 6763 | 6983 | 7364 | 7921 | 10093 |
| Minority's Interest | 158 | 45 | -6 | -127 | -296 | -382 | -475 | -444 | -515 | -642 | -726 |
| Borrowings | 3493 | 4376 | 4047 | 3302 | 3311 | 2633 | 2361 | 2298 | 1833 | 1822 | 2108 |
| Other Non-Current Liabilities | 340 | 560 | 445 | 470 | 466 | 450 | 591 | 553 | 623 | 815 | 878 |
| Total Current Liabilities | 3856 | 5629 | 4611 | 3824 | 4219 | 5784 | 5841 | 6424 | 7139 | 7967 | 8326 |
| Total Liabilities | 11416 | 15999 | 14346 | 12856 | 13197 | 14781 | 15082 | 15815 | 16443 | 17883 | 20679 |
| Fixed Assets | 5843 | 8239 | 7977 | 7455 | 7120 | 7163 | 7491 | 7316 | 7357 | 7484 | 8853 |
| Other Non-Current Assets | 561 | 927 | 660 | 722 | 737 | 1189 | 1772 | 1783 | 1819 | 1495 | 1522 |
| Total Current Assets | 5012 | 6833 | 5611 | 4679 | 5337 | 6430 | 5818 | 6717 | 7267 | 8903 | 10304 |
| Total Assets | 11416 | 15999 | 14346 | 12856 | 13197 | 14781 | 15082 | 15815 | 16443 | 17883 | 20679 |
| #(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 290 | 87 | 290 | 178 | 97 | 72 | 144 | 173 | 552 | 497 | 78 |
| Cash Flow from Operating Activities | 109 | -183 | 917 | 1163 | 565 | 1567 | 1665 | 1570 | 73 | 1616 | 2593 |
| Cash Flow from Investing Activities | -615 | -874 | -498 | -426 | -120 | -516 | -469 | -359 | -191 | -71 | -1917 |
| Cash Flow from Financing Activities | 359 | 1253 | -512 | -816 | -470 | -977 | -1168 | -831 | 61 | -1966 | -12 |
| Net Cash Inflow / Outflow | -148 | 196 | -93 | -79 | -25 | 74 | 28 | 380 | -57 | -421 | 663 |
| Closing Cash & Cash Equivalent | 142 | 290 | 178 | 97 | 72 | 144 | 173 | 552 | 497 | 78 | 741 |
| # | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -1.55 | -0.25 | -0.66 | 1.78 | 2.79 | 13.29 | 8.67 | 4.99 | 6.44 | 10.07 | 26.22 |
| CEPS(Rs) | 4 | 4.52 | 5.1 | 7.31 | 5.69 | 18.33 | 13.81 | 12.3 | 13.27 | 14.42 | 33.79 |
| DPS(Rs) | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 1 | 1 | 1 | 1 | 1.5 | 2 |
| Book NAV/Share(Rs) | 64.52 | 92.92 | 84.1 | 84.22 | 85.95 | 98.24 | 105.76 | 109.19 | 115.15 | 123.86 | 156.91 |
| Core EBITDA Margin(%) | 9.21 | 9.49 | 8.44 | 9.84 | 11.63 | 11.82 | 12.59 | 11.11 | 10.19 | 8.98 | 15.16 |
| EBIT Margin(%) | 4.99 | 7.61 | 7.48 | 10.37 | 8.35 | 13.23 | 9.34 | 9.3 | 8.13 | 7.62 | 13.93 |
| Pre Tax Margin(%) | -0.66 | 0.5 | -1.07 | 2.63 | 1.56 | 8.15 | 4.01 | 4.68 | 4.67 | 4.03 | 10.57 |
| PAT Margin (%) | -1.44 | -0.86 | -0.21 | 1.77 | 0.01 | 6.4 | 3.97 | 3.07 | 2.83 | 2.53 | 7.6 |
| Cash Profit Margin (%) | 3.18 | 3.08 | 3.92 | 6.37 | 4.25 | 9.67 | 7.59 | 7.38 | 6.38 | 5.16 | 10.31 |
| ROA(%) | -0.91 | -0.54 | -0.11 | 0.96 | 0 | 5.55 | 3.09 | 2.12 | 2.33 | 2.63 | 8.26 |
| ROE(%) | -2.77 | -1.64 | -0.32 | 2.48 | 0.01 | 13.18 | 7.07 | 4.77 | 5.24 | 5.91 | 17.74 |
| ROCE(%) | 3.77 | 5.63 | 4.54 | 6.27 | 6.1 | 13.45 | 9 | 8.19 | 8.58 | 10.53 | 20.58 |
| Receivable days | 89.92 | 81.13 | 87.07 | 77.91 | 71.07 | 62.71 | 64.09 | 68.3 | 53.95 | 54.83 | 61.24 |
| Inventory Days | 97.32 | 105.12 | 125.35 | 118.69 | 101.71 | 85.11 | 92.21 | 95.94 | 91.59 | 80.28 | 78.37 |
| Payable days | 72.27 | 67.57 | 59.2 | 43.62 | 36.47 | 57.99 | 84.42 | 101.13 | 80.3 | 74.1 | 89.47 |
| PER(x) | 0 | 0 | 0 | 23.44 | 21.32 | 3.26 | 2.64 | 7.44 | 6.99 | 7.23 | 8.24 |
| Price/Book(x) | 0.44 | 0.35 | 0.23 | 0.5 | 0.69 | 0.44 | 0.22 | 0.34 | 0.39 | 0.59 | 1.38 |
| Dividend Yield(%) | 1.77 | 1.52 | 2.59 | 1.2 | 1.01 | 2.31 | 4.37 | 2.7 | 2.22 | 2.06 | 0.93 |
| EV/Net Sales(x) | 1.11 | 1.18 | 1.11 | 1.24 | 1.18 | 0.68 | 0.56 | 0.63 | 0.6 | 0.52 | 0.88 |
| EV/Core EBITDA(x) | 10.08 | 9.54 | 9.02 | 8.65 | 8.52 | 5.09 | 4.02 | 4.64 | 5.14 | 4.97 | 5.3 |
| Net Sales Growth(%) | -1.61 | 23.32 | -6.16 | -8.21 | 20.32 | 42.44 | -4.04 | -8.29 | 24.71 | 34.36 | 17.29 |
| EBIT Growth(%) | 29.72 | 87.15 | -8.36 | 28.21 | -6.12 | 124.14 | -32.22 | -8.69 | 9.02 | 25.88 | 114.5 |
| PAT Growth(%) | -402.87 | 26.7 | 76.81 | 864.96 | -99.53 | 0 | -40.56 | -28.95 | 14.69 | 20.19 | 252.57 |
| EPS Growth(%) | -353.41 | 83.88 | -164.26 | 369.77 | 56.89 | 376.28 | -34.75 | -42.53 | 29.14 | 56.39 | 160.43 |
| Debt/Equity(x) | 1.68 | 1.5 | 1.47 | 1.16 | 1.15 | 0.91 | 0.8 | 0.73 | 0.79 | 0.6 | 0.56 |
| Current Ratio(x) | 1.3 | 1.21 | 1.22 | 1.22 | 1.26 | 1.11 | 1 | 1.05 | 1.02 | 1.12 | 1.24 |
| Quick Ratio(x) | 0.8 | 0.68 | 0.68 | 0.62 | 0.68 | 0.56 | 0.54 | 0.59 | 0.49 | 0.6 | 0.65 |
| Interest Cover(x) | 0.88 | 1.07 | 0.88 | 1.34 | 1.23 | 2.61 | 1.75 | 2.01 | 2.35 | 2.12 | 4.14 |
| Total Debt/Mcap(x) | 3.83 | 4.25 | 6.43 | 2.33 | 1.67 | 2.07 | 3.68 | 2.14 | 2.01 | 1.03 | 0.4 |
| # | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 63.02 | 63.25 | 63.26 | 63.26 | 63.26 | 63.27 | 63.28 | 63.28 | 63.28 | 63.28 |
| FII | 11.03 | 14.94 | 15.92 | 17.7 | 15.22 | 14.65 | 15.06 | 16.08 | 15.73 | 16.99 |
| DII | 0.91 | 1.2 | 1.18 | 1.66 | 2.27 | 2.99 | 3.87 | 4.53 | 4.7 | 4.4 |
| Public | 25.04 | 20.61 | 19.65 | 17.38 | 19.25 | 19.08 | 17.79 | 16.11 | 16.29 | 15.33 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 20.15 | 20.22 | 20.23 | 20.23 | 20.23 | 20.23 | 20.23 | 20.23 | 40.47 | 40.47 |
| FII | 3.53 | 4.78 | 5.09 | 5.66 | 4.87 | 4.69 | 4.81 | 5.14 | 10.06 | 10.86 |
| DII | 0.29 | 0.38 | 0.38 | 0.53 | 0.73 | 0.96 | 1.24 | 1.45 | 3.01 | 2.81 |
| Public | 8.01 | 6.59 | 6.28 | 5.56 | 6.16 | 6.1 | 5.69 | 5.15 | 10.42 | 9.8 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 31.98 | 31.98 | 31.98 | 31.98 | 31.98 | 31.98 | 31.98 | 31.98 | 63.95 | 63.95 |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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