Jindal Saw Ltd

Jindal Saw Ltd

₹ 480 -0.62%
19 Apr - close price
About

Jindal Saw Limited, the flagship company of PR Jindal group, is a leading global manufacturer and supplier of Iron & Steel pipes and pellets. [1]

Key Points

Product Portfolio
The major products of the company are longitudinal submerged arc welded (LSAW) pipes, helical SAW (HSAW) pipes, ductile iron (DI) pipes, seamless pipes and pellets. These products have applications in oil and gas exploration, transportation, power generation, supply of water for drinking, drainage, irrigation purposes and other industrial applications. [1]

  • Market Cap 15,363 Cr.
  • Current Price 480
  • High / Low 558 / 155
  • Stock P/E 10.7
  • Book Value 288
  • Dividend Yield 0.62 %
  • ROCE 10.9 %
  • ROE 7.25 %
  • Face Value 2.00

Pros

Cons

  • Company has a low return on equity of 5.91% 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.

Peer comparison

Sector: Steel Industry: Steel - Large

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2,176 3,176 2,417 2,519 2,795 3,291 2,968 3,316 4,479 4,520 3,763 4,561 4,718
1,933 2,784 2,066 2,190 2,649 2,953 2,764 3,066 4,042 4,003 3,216 3,860 3,896
Operating Profit 244 392 351 329 146 338 204 250 436 517 547 701 823
OPM % 11% 12% 15% 13% 5% 10% 7% 8% 10% 11% 15% 15% 17%
48 67 60 52 56 46 51 51 162 157 68 50 67
Interest 100 90 97 89 86 97 131 126 138 134 132 160 149
Depreciation 86 95 88 95 95 93 88 93 94 99 108 117 122
Profit before tax 105 274 227 196 21 194 37 81 367 440 374 474 619
Tax % 35% 36% 35% 35% 28% 41% 23% 24% 28% 19% 26% 27% 27%
68 176 148 127 15 115 28 61 266 355 277 348 452
EPS in Rs 2.13 5.52 4.64 3.99 0.46 3.59 0.88 1.91 8.30 11.09 8.66 10.89 14.14
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
5,198 5,617 5,510 6,604 6,120 5,678 7,310 9,829 10,129 8,632 11,022 15,282 17,562
4,556 5,013 4,889 5,655 5,239 4,789 6,239 8,528 8,773 7,653 9,857 13,864 14,975
Operating Profit 642 603 620 949 880 889 1,071 1,302 1,356 979 1,166 1,418 2,587
OPM % 12% 11% 11% 14% 14% 16% 15% 13% 13% 11% 11% 9% 15%
-55 -32 10 47 99 232 180 217 62 278 212 409 342
Interest 114 150 226 326 494 380 415 496 516 404 369 529 576
Depreciation 150 155 213 205 227 229 256 281 310 346 372 374 446
Profit before tax 323 266 191 464 258 512 580 741 592 507 637 924 1,908
Tax % 31% 27% 24% 39% 14% 40% 33% 33% -0% 35% 36% 23%
224 193 144 285 221 308 386 500 594 329 406 709 1,432
EPS in Rs 8.12 7.00 5.22 9.84 7.27 9.62 12.06 15.64 18.59 10.29 12.68 22.18 44.78
Dividend Payout % 12% 14% 19% 10% 14% 10% 10% 13% 11% 19% 16% 14%
Compounded Sales Growth
10 Years: 11%
5 Years: 16%
3 Years: 15%
TTM: 25%
Compounded Profit Growth
10 Years: 8%
5 Years: 8%
3 Years: -6%
TTM: 202%
Stock Price CAGR
10 Years: 24%
5 Years: 42%
3 Years: 88%
1 Year: 202%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 6%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 55 55 55 58 61 64 64 64 64 64 64 64 64
Reserves 3,498 3,673 3,827 5,578 5,241 5,500 5,849 6,302 6,799 7,074 7,425 8,076 9,143
2,517 3,266 3,457 4,553 4,981 4,151 4,445 4,175 4,042 3,727 4,343 3,257 4,436
1,510 1,175 1,159 1,782 1,249 1,221 1,425 2,766 2,248 3,070 2,728 4,759 4,422
Total Liabilities 7,580 8,170 8,497 11,970 11,532 10,937 11,783 13,307 13,152 13,935 14,561 16,156 18,065
2,038 2,556 3,541 5,307 5,757 5,773 5,638 5,697 5,973 5,913 5,854 5,820 7,210
CWIP 691 1,011 204 422 204 66 108 231 205 157 166 206 353
Investments 699 827 788 959 675 591 649 665 638 716 1,025 1,270 1,297
4,152 3,776 3,964 5,283 4,895 4,507 5,389 6,714 6,336 7,149 7,516 8,859 9,205
Total Assets 7,580 8,170 8,497 11,970 11,532 10,937 11,783 13,307 13,152 13,935 14,561 16,156 18,065

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-207 313 392 -199 544 1,317 573 1,270 1,465 1,344 191 1,338
-360 -967 -323 -763 -440 -111 -454 -487 -393 -355 -288 -47
646 545 -92 1,103 -168 -1,278 -137 -731 -1,001 -748 161 -1,689
Net Cash Flow 79 -109 -22 141 -64 -72 -17 52 72 241 65 -398

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 91 80 89 83 95 78 82 69 55 73 48 76
Inventory Days 191 140 150 214 188 218 166 160 128 175 170 125
Days Payable 46 45 43 57 31 35 32 92 72 121 74 106
Cash Conversion Cycle 235 176 196 240 251 261 216 137 110 128 144 95
Working Capital Days 162 162 181 182 205 207 205 145 134 159 150 112
ROCE % 10% 8% 7% 10% 8% 9% 10% 12% 12% 8% 9% 11%

Shareholding Pattern

Numbers in percentages

27 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.02% 63.02% 63.02% 63.02% 63.02% 63.03% 63.03% 63.25% 63.26% 63.26% 63.26% 63.27%
10.13% 12.41% 12.38% 11.61% 11.85% 11.69% 11.03% 14.94% 15.92% 17.71% 15.22% 14.66%
1.08% 0.87% 0.88% 0.84% 0.86% 0.85% 0.91% 1.20% 1.18% 1.67% 2.27% 2.99%
25.21% 23.04% 23.06% 23.87% 23.61% 23.79% 24.38% 19.98% 19.05% 16.79% 18.66% 18.60%
0.56% 0.66% 0.66% 0.66% 0.65% 0.65% 0.65% 0.64% 0.59% 0.58% 0.58% 0.49%
No. of Shareholders 85,62691,03699,0611,13,1141,12,1351,10,3571,05,75685,83983,04892,0001,16,1811,19,422

* 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.

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Documents

Concalls