Jindal Saw Ltd
Jindal Saw Ltd manufactures LSAW pipes, HSAW pipes, DI pipes, seamless pipes and pellets.[1]
- Market Cap ₹ 13,948 Cr.
- Current Price ₹ 218
- High / Low ₹ 384 / 200
- Stock P/E 9.48
- Book Value ₹ 178
- Dividend Yield 0.94 %
- ROCE 19.2 %
- ROE 13.6 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 23.6% CAGR over last 5 years
Cons
- Company has a low return on equity of 12.8% over last 3 years.
- Contingent liabilities of Rs.4,195 Cr.
* 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
Part of BSE 500 BSE 250 SmallCap Index BSE SmallCap Nifty MidSmallcap 400 BSE Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6,656 | 8,208 | 7,703 | 7,070 | 8,507 | 12,117 | 11,627 | 10,664 | 13,298 | 17,868 | 20,958 | 20,829 | |
6,014 | 7,254 | 6,979 | 6,393 | 7,466 | 10,645 | 10,116 | 9,422 | 11,899 | 16,192 | 17,631 | 17,400 | |
Operating Profit | 642 | 954 | 723 | 677 | 1,041 | 1,472 | 1,511 | 1,242 | 1,399 | 1,676 | 3,326 | 3,429 |
OPM % | 10% | 12% | 9% | 10% | 12% | 12% | 13% | 12% | 11% | 9% | 16% | 16% |
26 | 76 | 136 | 330 | 24 | 515 | -3 | 209 | 155 | 155 | 162 | 145 | |
Interest | 392 | 606 | 679 | 569 | 579 | 615 | 620 | 493 | 460 | 642 | 705 | 623 |
Depreciation | 321 | 335 | 328 | 337 | 363 | 396 | 422 | 459 | 473 | 470 | 568 | 602 |
Profit before tax | -46 | 89 | -148 | 101 | 122 | 975 | 467 | 499 | 621 | 719 | 2,216 | 2,349 |
Tax % | 120% | 131% | -46% | 62% | 109% | 22% | 1% | 34% | 40% | 37% | 28% | 38% |
-100 | -27 | -80 | 39 | -11 | 764 | 461 | 328 | 376 | 452 | 1,593 | 1,458 | |
EPS in Rs | -1.55 | -0.25 | -0.66 | 1.78 | 2.79 | 13.29 | 8.67 | 4.99 | 6.44 | 10.07 | 26.22 | 27.18 |
Dividend Payout % | -32% | -200% | -76% | 28% | 22% | 8% | 12% | 20% | 16% | 15% | 8% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 12% |
3 Years: | 16% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | 40% |
5 Years: | 24% |
3 Years: | 57% |
TTM: | -9% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 52% |
3 Years: | 75% |
1 Year: | -22% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 10% |
3 Years: | 13% |
Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 55 | 58 | 61 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 |
Reserves | 3,513 | 5,332 | 5,061 | 5,322 | 5,432 | 6,218 | 6,700 | 6,919 | 7,300 | 7,857 | 10,029 | 11,347 |
5,989 | 8,102 | 7,547 | 6,222 | 6,311 | 5,692 | 5,649 | 5,335 | 6,031 | 4,961 | 5,761 | 4,859 | |
1,858 | 2,507 | 1,676 | 1,248 | 1,389 | 2,807 | 2,669 | 3,497 | 3,048 | 5,001 | 4,824 | 4,509 | |
Total Liabilities | 11,416 | 15,999 | 14,346 | 12,856 | 13,197 | 14,781 | 15,082 | 15,815 | 16,443 | 17,883 | 20,679 | 20,779 |
5,843 | 8,239 | 7,977 | 7,455 | 7,120 | 7,163 | 7,491 | 7,316 | 7,357 | 7,484 | 8,853 | 9,341 | |
CWIP | 343 | 531 | 254 | 102 | 126 | 260 | 423 | 404 | 293 | 300 | 632 | 641 |
Investments | 75 | 309 | 154 | 119 | 110 | 190 | 129 | 198 | 224 | 175 | 178 | 168 |
5,155 | 6,921 | 5,961 | 5,180 | 5,840 | 7,169 | 7,039 | 7,898 | 8,570 | 9,924 | 11,016 | 10,629 | |
Total Assets | 11,416 | 15,999 | 14,346 | 12,856 | 13,197 | 14,781 | 15,082 | 15,815 | 16,443 | 17,883 | 20,679 | 20,779 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
109 | -183 | 917 | 1,163 | 565 | 1,567 | 1,665 | 1,570 | 73 | 1,616 | 2,593 | 2,335 | |
-615 | -867 | -517 | -428 | -121 | -518 | -468 | -359 | -190 | -68 | -1,917 | -899 | |
359 | 1,253 | -512 | -816 | -470 | -977 | -1,168 | -831 | 61 | -1,966 | -12 | -1,524 | |
Net Cash Flow | -148 | 203 | -112 | -81 | -25 | 72 | 28 | 379 | -55 | -419 | 663 | -87 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 96 | 91 | 83 | 71 | 83 | 67 | 59 | 73 | 50 | 73 | 60 | 62 |
Inventory Days | 188 | 257 | 210 | 221 | 183 | 156 | 141 | 177 | 173 | 134 | 147 | 152 |
Days Payable | 67 | 77 | 42 | 39 | 42 | 88 | 74 | 117 | 71 | 98 | 89 | 78 |
Cash Conversion Cycle | 217 | 271 | 250 | 253 | 224 | 134 | 126 | 132 | 152 | 109 | 119 | 136 |
Working Capital Days | 177 | 169 | 169 | 151 | 159 | 93 | 69 | 79 | 94 | 75 | 80 | 95 |
ROCE % | 4% | 6% | 4% | 4% | 7% | 11% | 10% | 8% | 9% | 11% | 21% | 19% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
9 May - Q4 FY25 results, legal update on NTPC-JITF case, Rs.850cr repaid, stable EBITDA, capacity expansions planned.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
5 May - Audio recording of Jindal Saw Q4FY25 results conference call released on May 5, 2025.
- Corporate Action - Fixes Record Date For Purpose Of AGM 5 May
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Financial Highlights
2 May - Jindal Saw FY25 Q4 and annual results: slight revenue dip, improved PAT, $1.33bn order book, debt reduced, credit ratings affirmed.
- Announcement under Regulation 30 (LODR)-Investor Presentation 2 May
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Oct 2024TranscriptPPTREC
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Aug 2024TranscriptPPTREC
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May 2024Transcript PPT REC
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Jan 2024Transcript PPT
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Oct 2023TranscriptPPTREC
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Aug 2023TranscriptPPT
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May 2023TranscriptPPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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Jan 2022TranscriptPPT
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Oct 2021TranscriptPPT
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Jul 2021TranscriptPPT
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May 2021TranscriptPPT
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Feb 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Aug 2020TranscriptPPT
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Feb 2020TranscriptPPT
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Oct 2019TranscriptPPT
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Aug 2019TranscriptPPT
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May 2019TranscriptPPT
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Jan 2019TranscriptPPT
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Nov 2018TranscriptPPT
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Aug 2018TranscriptPPT
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May 2018TranscriptPPT
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]