Jindal Saw Ltd

Jindal Saw Ltd

₹ 242 3.97%
06 May - close price
About

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

Key Points

Market Leadership
The company is a global leader in the coated and bare pipe industry, with a strong track record of supplying a wide range of pipe products to major clients both in India and internationally. [1] It is the world's third-largest producer of rust-free iron pipes. [2]

  • Market Cap 15,493 Cr.
  • Current Price 242
  • High / Low 260 / 153
  • Stock P/E 19.8
  • Book Value 197
  • Dividend Yield 0.83 %
  • ROCE 8.84 %
  • ROE 6.39 %
  • Face Value 1.00

Pros

Cons

  • The company has delivered a poor sales growth of 11.1% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 13.3% over last 3 years.
  • Dividend payout has been low at 10.4% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
4,520 3,763 4,561 4,719 4,919 4,337 4,724 4,474 4,401 3,300 3,372 4,129 3,818
4,003 3,217 3,860 3,896 4,034 3,575 3,915 3,639 3,593 2,767 3,074 3,630 3,439
Operating Profit 516 546 701 823 885 762 809 835 808 533 298 500 380
OPM % 11% 15% 15% 17% 18% 18% 17% 19% 18% 16% 9% 12% 10%
157 68 50 67 87 80 66 47 48 26 37 27 33
Interest 135 133 160 150 143 122 131 136 99 131 108 103 127
Depreciation 94 103 112 117 120 119 119 119 122 122 122 122 129
Profit before tax 444 377 478 623 710 601 625 626 635 307 105 302 156
Tax % 20% 26% 27% 27% 26% 26% 24% 24% 25% -19% 24% 25% 27%
357 279 351 455 529 446 477 477 474 364 79 227 114
EPS in Rs 5.59 4.36 5.49 7.12 8.27 6.98 7.46 7.46 7.42 5.69 1.24 3.55 1.78
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
6,604 6,120 5,678 7,310 9,829 10,129 8,632 11,022 15,282 17,962 17,936 14,620
5,655 5,239 4,789 6,239 8,528 8,773 7,653 9,857 13,864 15,001 14,657 12,910
Operating Profit 949 880 889 1,071 1,302 1,356 979 1,166 1,418 2,961 3,279 1,710
OPM % 14% 14% 16% 15% 13% 13% 11% 11% 9% 16% 18% 12%
47 99 232 180 217 62 278 212 409 265 176 124
Interest 326 494 380 415 496 516 404 369 529 586 488 470
Depreciation 205 227 229 256 281 310 346 372 374 452 479 494
Profit before tax 464 258 512 580 741 592 507 637 924 2,188 2,488 870
Tax % 39% 14% 40% 33% 33% -0% 35% 36% 23% 26% 25% 10%
285 221 308 386 500 594 329 406 709 1,614 1,874 784
EPS in Rs 4.92 3.63 4.81 6.03 7.82 9.30 5.15 6.34 11.09 25.24 29.31 12.26
Dividend Payout % 10% 14% 10% 10% 13% 11% 19% 16% 14% 8% 7% 16%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: -1%
TTM: -18%
Compounded Profit Growth
10 Years: 12%
5 Years: 19%
3 Years: 11%
TTM: -59%
Stock Price CAGR
10 Years: 29%
5 Years: 39%
3 Years: 46%
1 Year: 6%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 13%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 58 61 64 64 64 64 64 64 64 64 64 64
Reserves 5,578 5,241 5,500 5,849 6,302 6,799 7,074 7,425 8,076 10,127 11,874 12,529
4,553 4,981 4,151 4,445 4,175 4,042 3,727 4,343 3,257 3,928 3,046 2,756
1,782 1,249 1,221 1,425 2,766 2,248 3,070 2,728 4,759 4,630 4,008 4,201
Total Liabilities 11,970 11,532 10,937 11,783 13,307 13,152 13,935 14,561 16,156 18,749 18,992 19,549
5,307 5,757 5,773 5,638 5,697 5,973 5,913 5,854 5,820 7,338 7,799 8,344
CWIP 422 204 66 108 231 205 157 166 206 541 543 308
Investments 959 675 591 649 665 638 716 1,025 1,270 1,182 2,090 2,339
5,283 4,895 4,507 5,389 6,714 6,336 7,149 7,516 8,859 9,688 8,559 8,557
Total Assets 11,970 11,532 10,937 11,783 13,307 13,152 13,935 14,561 16,156 18,749 18,992 19,549

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-199 544 1,317 573 1,270 1,465 1,344 191 1,338 2,137 1,855 1,638
-763 -440 -111 -454 -487 -393 -355 -288 -47 -1,657 -303 -1,022
1,103 -168 -1,278 -137 -731 -1,001 -748 161 -1,689 -40 -1,519 -892
Net Cash Flow 141 -64 -72 -17 52 72 241 65 -398 440 34 -276
Free Cash Flow -591 347 1,165 379 827 1,127 1,093 -132 1,150 1,354 928 789
CFO/OP -13% 69% 159% 59% 109% 119% 145% 28% 104% 81% 74% 109%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 83 95 78 82 69 55 73 48 76 59 61 64
Inventory Days 214 188 218 166 160 128 175 170 125 135 146 193
Days Payable 57 31 35 32 92 72 121 74 106 96 81 102
Cash Conversion Cycle 240 251 261 216 137 110 128 144 95 99 126 155
Working Capital Days 47 59 78 84 59 55 67 45 56 53 46 63
ROCE % 10% 8% 9% 10% 12% 12% 8% 9% 11% 22% 21% 9%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Iron & Steel Pipes - Production Volume
Metric Tonnes

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Iron & Steel Pipes - Sales Volume
Metric Tonnes
Pellets - Production Volume
Metric Tonnes
Pellets - Sales Volume
Metric Tonnes
Pellet Plant Capacity
MTPA
UAE Operations - DI Pipes Sales
Metric Tonnes
Order Book - Iron & Steel Pipes
USD Million

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
63.26% 63.26% 63.26% 63.27% 63.29% 63.29% 63.28% 63.28% 63.26% 63.25% 63.25% 63.25%
15.92% 17.71% 15.22% 14.66% 15.06% 16.08% 15.73% 16.99% 15.12% 15.35% 14.09% 13.46%
1.18% 1.67% 2.27% 2.99% 3.87% 4.54% 4.69% 4.40% 4.77% 4.35% 3.50% 5.79%
19.05% 16.79% 18.66% 18.60% 17.32% 15.65% 15.83% 14.95% 16.48% 16.69% 18.79% 17.20%
0.59% 0.58% 0.58% 0.49% 0.46% 0.46% 0.45% 0.38% 0.37% 0.37% 0.36% 0.30%
No. of Shareholders 83,04892,0001,16,1811,19,4221,37,3581,48,6831,72,2091,74,1891,87,1681,96,7602,13,8162,07,732

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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