Jindal Saw Ltd logo

Jindal Saw Ltd

JINDALSAW NSE

Key Fundamentals

SmallcapIron & Steel ProductsIndustrial Products
Market Cap
₹17,232 Cr
Volatility
Moderate
P/E Ratio
26.14
EBITDA
₹2,306 Cr
Return on Equity
7.53%
Debt to Equity
0.37
Book Value
₹196.62
EPS
₹57.92
52W High
₹281
52W Low
₹153

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Jindal Saw Ltd insights

38 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

4
  • The company has delivered a poor sales growth of 10.9% over past five years.
  • Company has a low return on equity of 13.9% over last 3 years.
  • Dividend payout has been low at 9.37% of profits over last 3 years
  • Working capital days have increased from 42.0 days to 65.9 days

Growth Rate

Revenue Growth
-14.13% ↘
Net Income Growth
-36.54% ↘
Cash Flow Change
-24.14% ↘
ROE
-43.43% ↘
ROCE
-49.23% ↘
EBITDA Margin (Avg.)
-24.32% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Jindal Saw Ltd is an industrial pipes manufacturer with a market cap of ₹17,120 crore trading at a P/E of 28.7x. FY26 consolidated revenue declined to ₹17,987 crore from ₹20,948 crore in FY25, and net profit fell sharply to ₹925 crore from ₹1,458 crore, resulting in a TTM profit decline of 62%. Despite the near-term earnings contraction, the stock has compounded at 33% CAGR over 5 years, reflecting market confidence in its long-term infrastructure positioning.

Bull Case 7
  • Strong long-term stock price CAGR of 33% over 5 years and 28% over 10 years, indicating sustained wealth creation
  • Compounded profit growth of 25% over 5 years and 42% over 10 years demonstrates long-term earnings scalability
  • Price-to-book ratio of 1.37x is relatively modest for an industrial company with multi-year profit compounding track record
  • FY25 standalone net profit grew to ₹1,874 crore from ₹1,614 crore in FY24, showing the earnings power of the business in favorable cycles
  • Compounded sales growth of 11% over 5 years and 9% over 10 years reflects steady top-line expansion over longer horizons
  • 3-year ROE of 14% and 5-year ROE of 12% indicate reasonable capital efficiency over medium-term periods
  • Q1 FY27 revenue of ₹4,452 crore showed 9% YoY growth, suggesting potential stabilization after FY26 decline
Bear Case 8
  • TTM profit declined 62% with FY26 net profit falling to ₹925 crore from ₹1,458 crore in FY25, a severe earnings contraction
  • FY26 consolidated revenue fell to ₹17,987 crore from ₹20,948 crore in FY25, a decline of approximately 14%
  • EBITDA margin compressed to 12.8% in FY26 from 16.5% in FY25, indicating significant profitability pressure
  • TTM sales growth is negative at -9% and 3-year compounded sales growth is 0%, showing stagnation in recent periods
  • Working capital days increased from 42 days to 65.9 days, tying up more capital in operations and straining cash flows
  • Dividend payout is low at 9.37% of profits over the last 3 years with a yield of just 0.74%, offering minimal income return
  • Last year ROE dropped to 8%, well below the 3-year average of 14%, reflecting deteriorating return on capital
  • P/E of 28.7x appears elevated given the sharp earnings decline and negative near-term growth trajectory

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 17h ago
Headwinds 3
  • Q1 profit drops 78% Jul 22

    Consolidated net profit fell 78% to ₹91 crore in Q1 FY27 with EBITDA margins contracting to 9.4% due to logistical constraints from the Middle East conflict.

  • API license suspension impact Jul 22

    Seamless pipe business was impacted by suspension of its API license, though it has since been reinstated.

  • Q2 margins under pressure Jul 22

    Management expects margins to remain under pressure in Q2 before recovering in the second half of FY27.

Positives 3
  • Revenue growth continues Jul 22

    Revenue from operations increased to ₹4,476 crore in Q1 FY27 despite margin headwinds.

  • H2 FY27 recovery expected Jul 22

    Management anticipates margin recovery in H2 FY27 as logistical constraints ease.

  • UAE, Saudi expansion on track Jul 22

    Expansion projects in UAE and Saudi Arabia are on track for commercial production in FY 2028-29.

Neutral 1
  • API license reinstated Jul 22

    The suspended API license for seamless pipes has been reinstated, removing a near-term operational bottleneck.

TL;DR: Jindal Saw faces a challenging near-term with Q1 profit down 78% and compressed margins at 9.4% due to Middle East logistics disruption. Revenue growth to ₹4,476 crore shows underlying demand remains intact. The trend is deteriorating in the short term with Q2 also expected to remain weak, but management guides for an H2 FY27 recovery and international expansion projects provide medium-term growth visibility.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
4,410
5,466
5,656
5,425
4,939
5,572
5,271
5,047
4,085
4,234
4,943
4,633
4,452
Expenses
3,803
4,663
4,668
4,505
4,100
4,658
4,332
4,310
3,415
3,782
4,331
4,156
4,061
Operating Profit
608
804
988
920
840
914
939
736
670
451
613
478
391
OPM %
14%
15%
17%
17%
17%
16%
18%
15%
16%
11%
12%
10%
9%
Other Income
37
22
40
69
51
37
29
28
29
40
22
23
24
Interest
160
189
182
174
154
158
173
139
171
153
133
163
108
Depreciation
132
141
147
149
148
151
151
153
153
156
155
167
164
PBT
354
496
700
667
588
643
645
473
374
183
347
172
143
Tax %
31%
28%
27%
28%
29%
26%
26%
82%
-11%
24%
29%
28%
36%
Net Profit
244
356
512
480
416
475
479
87
415
139
248
124
91
EPS in Rs
4.14
5.9
8.34
7.85
6.9
7.81
7.92
4.55
6.63
2.38
4.03
2.18
1.63
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
8,208
7,703
7,070
8,507
12,117
11,627
10,664
13,298
17,868
20,958
20,829
17,895
18,263
Expenses
7,254
6,979
6,393
7,466
10,645
10,116
9,422
11,899
16,192
17,631
17,385
15,666
16,330
Operating Profit
954
723
677
1,041
1,472
1,511
1,242
1,399
1,676
3,326
3,444
2,229
1,933
OPM %
12%
9%
10%
12%
12%
13%
12%
11%
9%
16%
17%
12%
11%
Other Income
76
136
330
24
515
-3
209
155
155
162
130
97
109
Interest
606
679
569
579
615
620
493
460
642
705
623
620
557
Depreciation
335
328
337
363
396
422
459
473
470
568
602
630
641
PBT
89
-148
101
122
975
467
499
621
719
2,216
2,349
1,076
844
Tax %
131%
-46%
62%
109%
22%
1%
34%
40%
37%
28%
38%
14%
—
Net Profit
-27
-80
39
-11
764
461
328
376
452
1,593
1,458
925
601
EPS in Rs
-0.25
-0.66
1.78
2.79
13.29
8.67
4.99
6.44
10.07
26.22
27.18
15.22
10.22
Div. Payout %
-200%
-76%
28%
22%
8%
12%
20%
16%
15%
8%
7%
13%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
58
61
64
64
64
64
64
64
64
64
64
64
Reserves
5,332
5,061
5,322
5,432
6,218
6,700
6,919
7,300
7,857
10,029
11,347
12,510
Borrowings
8,102
7,547
6,222
6,311
5,692
5,649
5,335
6,031
4,961
5,761
4,859
4,691
Other Liabilities
2,507
1,676
1,248
1,389
2,807
2,669
3,497
3,048
5,001
4,824
4,395
4,307
Total Liabilities
15,999
14,346
12,856
13,197
14,781
15,082
15,815
16,443
17,883
20,679
20,665
21,572
Fixed Assets
8,239
7,977
7,455
7,120
7,163
7,491
7,316
7,357
7,484
8,853
9,341
10,409
CWIP
531
254
102
126
260
423
404
293
300
632
641
453
Investments
309
154
119
110
190
129
198
224
175
178
168
105
Other Assets
6,921
5,961
5,180
5,840
7,169
7,039
7,898
8,570
9,924
11,016
10,516
10,606
Total Assets
15,999
14,346
12,856
13,197
14,781
15,082
15,815
16,443
17,883
20,679
20,665
21,572
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-183
917
1,163
565
1,567
1,665
1,570
73
1,616
2,593
2,335
1,771
Investing
-867
-517
-428
-121
-518
-468
-359
-190
-68
-1,917
-897
-947
Financing
1,253
-512
-816
-470
-977
-1,168
-831
61
-1,966
-12
-1,524
-1,073
Net Cash Flow
203
-112
-81
-25
72
28
379
-55
-419
663
-86
-249
Free Cash Flow
-895
434
877
377
1,071
1,107
1,173
-279
1,379
1,741
1,324
706
CFO/OP
-9
137
188
61
118
122
134
16
106
87
86
92
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
91
83
71
83
67
59
73
50
73
60
62
63
Inventory Days
257
210
221
183
156
141
177
173
134
147
152
191
Days Payable
77
42
39
42
88
74
117
71
98
89
78
95
Cash Conversion Cycle
271
250
253
224
134
126
132
152
109
119
136
159
Working Capital Days
26
30
37
42
12
-12
-17
-15
15
19
41
66
ROCE %
6%
4%
4%
7%
11%
10%
8%
9%
11%
21%
19%
10%

Shareholding Pattern

As of Jun 2026
Promoters 63.25%
FIIs 13.08%
Public 12.16%
DIIs 8.37%
Others 3.14%
Total 100.00%
  Jun 2006Sep 2006Dec 2006Mar 2007Jun 2007Sep 2007Dec 2007Mar 2008Jun 2008Sep 2008Dec 2008Mar 2009Jun 2009Sep 2009Dec 2009Mar 2010Jun 2010Sep 2010Dec 2010Mar 2011Jun 2011Sep 2011Dec 2011Mar 2012Jun 2012Sep 2012Dec 2012Mar 2013Jun 2013Sep 2013Dec 2013Mar 2014Jun 2014Sep 2014Dec 2014Mar 2015Jun 2015Sep 2015Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
42.74%
42.72%
42.57%
42.63%
42.22%
42.22%
44.60%
43.76%
43.77%
43.76%
43.76%
43.76%
43.76%
46.44%
46.44%
46.44%
46.00%
46.00%
46.00%
46.00%
46.00%
46.00%
45.99%
46.00%
46.00%
45.99%
46.00%
46.00%
46.24%
46.27%
46.27%
46.27%
46.27%
46.27%
46.27%
48.83%
51.27%
51.27%
63.02%
63.02%
63.02%
63.02%
63.02%
63.02%
63.02%
63.02%
63.25%
63.26%
63.26%
63.26%
63.27%
63.28%
63.28%
63.28%
63.28%
63.26%
63.25%
63.25%
63.25%
63.25%
FIIs
15.88%
15.48%
14.08%
16.53%
16.69%
12.59%
12.42%
17.09%
16.48%
18.93%
19.04%
17.37%
20.36%
22.19%
20.39%
20.51%
19.68%
21.36%
22.39%
22.57%
21.66%
21.84%
21.98%
22.43%
22.32%
21.17%
17.31%
18.71%
18.71%
18.45%
17.65%
17.24%
18.67%
18.11%
11.46%
10.91%
10.17%
10.19%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
17.70%
15.22%
14.65%
15.06%
16.08%
15.73%
16.99%
15.12%
15.35%
14.10%
13.46%
13.08%
DIIs
13.89%
13.83%
16.92%
17.80%
18.97%
18.46%
16.86%
17.21%
23.07%
15.21%
15.03%
14.47%
11.62%
10.21%
10.92%
10.79%
12.38%
11.63%
11.45%
11.65%
11.53%
11.40%
11.32%
11.35%
11.36%
11.36%
11.41%
11.22%
11.32%
11.42%
11.44%
11.80%
12.05%
11.94%
13.13%
13.15%
13.18%
13.66%
0.83%
0.71%
0.46%
0.46%
0.44%
0.44%
0.86%
0.92%
1.21%
1.18%
1.67%
2.27%
3.00%
3.88%
4.54%
4.70%
4.40%
4.77%
4.36%
3.50%
5.80%
8.37%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
9.29%
8.44%
7.92%
6.64%
6.11%
6.41%
6.50%
6.26%
6.48%
6.17%
6.43%
6.98%
7.22%
6.67%
6.86%
6.68%
6.39%
5.77%
5.73%
5.31%
5.44%
5.44%
5.26%
5.05%
5.00%
5.02%
5.94%
6.11%
6.11%
6.28%
6.93%
7.85%
7.26%
7.91%
10.71%
11.09%
10.88%
10.76%
20.64%
19.83%
19.04%
19.28%
20.01%
19.83%
19.76%
19.61%
16.47%
15.60%
13.56%
14.82%
15.24%
14.28%
13.04%
13.28%
12.85%
13.55%
14.06%
15.81%
13.97%
12.16%
Others
18.20%
19.53%
18.52%
16.41%
16.01%
20.33%
19.62%
15.67%
10.19%
15.92%
15.74%
17.41%
17.03%
14.50%
15.40%
15.59%
15.54%
15.25%
14.43%
14.46%
15.37%
15.32%
15.46%
15.17%
15.33%
16.45%
19.35%
17.97%
17.61%
17.57%
17.70%
16.83%
15.75%
15.76%
18.43%
16.02%
14.51%
14.12%
15.51%
16.44%
17.48%
17.24%
16.53%
16.71%
16.36%
16.45%
19.08%
19.96%
3.81%
4.43%
3.84%
3.51%
3.07%
3.01%
2.48%
3.30%
2.98%
3.35%
3.53%
3.14%
No. of Shareholders
12,330
14,963
14,930
12,710
12,330
14,397
17,855
21,128
24,650
22,977
23,496
25,066
26,220
24,345
32,910
33,960
35,650
33,050
35,962
33,032
35,153
35,101
34,058
31,761
31,716
31,851
33,066
35,534
35,150
35,102
36,008
37,523
35,471
36,523
41,771
45,906
46,727
46,855
78,673
85,626
91,036
99,061
1,13,114
1,12,135
1,10,357
1,05,756
85,839
83,048
92,000
1,16,181
1,19,422
1,37,358
1,48,683
1,72,209
1,74,189
1,87,168
1,96,760
2,13,816
2,07,732
1,78,027

Documents

Frequently Asked Questions about Jindal Saw Ltd

What does Jindal Saw Ltd do?
Jindal Saw Ltd manufactures LSAW pipes, HSAW pipes, DI pipes, seamless pipes and pellets.[1]
Where is Jindal Saw Ltd (JINDALSAW) listed?
Jindal Saw Ltd is listed on the Indian stock exchanges. It is listed on NSE: JINDALSAW and BSE: 500378. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Jindal Saw Ltd belong to?
Jindal Saw Ltd operates in the Industrial Products sector within the Iron & Steel Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Jindal Saw Ltd?
Jindal Saw Ltd has a market capitalisation of approximately ₹17231.55 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Jindal Saw Ltd?
The Price-to-Earnings (PE) ratio of Jindal Saw Ltd is 26.14. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Jindal Saw Ltd?
Over the past 52 weeks, Jindal Saw Ltd has traded between a low of ₹153 and a high of ₹281. This range helps investors understand the stock's price volatility and recent trading levels.
Does Jindal Saw Ltd pay dividends?
Yes, Jindal Saw Ltd has a dividend yield of 0.74%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Jindal Saw Ltd?
Jindal Saw Ltd has a Return on Equity (ROE) of 7.53%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Jindal Saw Ltd on Tapetide?
On Tapetide, you can view Jindal Saw Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Jindal Saw Ltd manufactures LSAW pipes, HSAW pipes, DI pipes, seamless pipes and pellets.[1]

Website jindalsaw.com
CEO Mr. Vinay Kumar Gupta C.A.
Employees 7,511
Listed 2003-04-29
Face Value ₹ 1
Issued Size 63,95,08,234

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