Jindal Saw Ltd

Jindal Saw Ltd

₹ 564 1.35%
16 Jul - close price
About

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

Key Points

Product Portfolio
Jindal SAW Ltd. is the market leader capacity wise in manufacturing of large diameter Submerged Arc Welded (SAW) Pipes using U-O-E, J-C-O and Helical processes with 2.13 Million MTPA. The SAW Pipes are mainly used in transportation of Oil, Gas, Slurry and Water.[1]
DI PIPES & FITTINGS Total Manufacturing Capacity: More than 1 Million MT.
India - 600,000 MT. UAE - 350,000 MT. Italy - 80,000 MT. The company has two blast furnaces to ensure uninterrupted supply of hot metal to service the fast growing water and waste-water transportation segment.[2]
Company also manufactures and markets of Carbon, Alloy, Stainless Steel Seamless and Welded Pipes & Tubes with total Capacity of more than 4,25,000 MTPA. These Pipes and Tubes are mainly used in Petroleum, Exploration, Sugar, Steel, Bearing, Automotive General Engineering, Power and Process Industries.
Pellets: Company has a 1.2 MTPA pellet plant integrated with beneficiation plant situated at mine pit head near village-Pur, District-Bhilwara in the State of Rajasthan.[3]

  • Market Cap 18,041 Cr.
  • Current Price 564
  • High / Low 598 / 300
  • Stock P/E 11.3
  • Book Value 316
  • Dividend Yield 0.71 %
  • ROCE 21.4 %
  • ROE 17.7 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 26.7% CAGR over last 5 years

Cons

  • Company has a low return on equity of 10.2% 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,784 2,885 2,973 3,471 3,970 3,478 4,044 5,158 5,188 4,410 5,466 5,656 5,425
3,309 2,466 2,595 3,266 3,569 3,240 3,712 4,663 4,588 3,802 4,662 4,668 4,505
Operating Profit 475 419 378 205 401 238 331 495 600 608 804 988 920
OPM % 13% 15% 13% 6% 10% 7% 8% 10% 12% 14% 15% 17% 17%
47 41 32 38 42 32 -2 44 79 38 23 40 69
Interest 111 121 112 108 119 160 148 169 162 160 189 182 174
Depreciation 125 112 120 122 118 110 117 118 126 133 143 147 149
Profit before tax 287 226 179 12 205 1 64 252 392 353 495 700 667
Tax % 35% 36% 40% 94% 40% 2,275% 67% 43% 24% 31% 28% 27% 28%
187 146 108 1 122 -16 21 143 298 243 356 512 480
EPS in Rs 5.76 4.76 3.75 0.40 3.97 0.15 1.86 6.71 11.17 8.23 11.75 16.67 15.70
Raw PDF
Upcoming result date: 29 July 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6,765 6,656 8,208 7,703 7,070 8,507 12,117 11,627 10,664 13,298 17,868 20,958
6,160 6,014 7,254 6,979 6,393 7,466 10,645 10,116 9,422 11,899 16,192 17,631
Operating Profit 604 642 954 723 677 1,041 1,472 1,511 1,242 1,399 1,676 3,326
OPM % 9% 10% 12% 9% 10% 12% 12% 13% 12% 11% 9% 16%
-118 26 76 136 330 24 515 -3 209 155 155 162
Interest 236 392 606 679 569 579 615 620 493 460 642 705
Depreciation 219 321 335 328 337 363 396 422 459 473 470 568
Profit before tax 31 -46 89 -148 101 122 975 467 499 621 719 2,216
Tax % 163% -120% 131% 46% 62% 109% 22% 1% 34% 40% 37% 28%
-20 -100 -27 -80 39 -11 764 461 328 376 452 1,593
EPS in Rs -0.68 -3.10 -0.50 -1.32 3.56 5.58 26.58 17.35 9.97 12.88 20.14 52.44
Dividend Payout % -146% -32% -200% -76% 28% 22% 8% 12% 20% 16% 15% 8%
Compounded Sales Growth
10 Years: 12%
5 Years: 12%
3 Years: 25%
TTM: 17%
Compounded Profit Growth
10 Years: 29%
5 Years: 27%
3 Years: 71%
TTM: 243%
Stock Price CAGR
10 Years: 23%
5 Years: 49%
3 Years: 64%
1 Year: 65%
Return on Equity
10 Years: 6%
5 Years: 9%
3 Years: 10%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 55 55 58 61 64 64 64 64 64 64 64 64
Reserves 3,612 3,513 5,332 5,061 5,322 5,432 6,218 6,700 6,919 7,300 7,857 10,029
5,159 5,989 8,102 7,547 6,222 6,311 5,692 5,649 5,335 6,031 4,961 5,761
1,886 1,858 2,507 1,676 1,248 1,389 2,807 2,669 3,497 3,048 5,001 4,824
Total Liabilities 10,713 11,416 15,999 14,346 12,856 13,197 14,781 15,082 15,815 16,443 17,883 20,679
4,247 5,843 8,239 7,977 7,455 7,120 7,163 7,491 7,316 7,357 7,484 8,853
CWIP 1,410 343 531 254 102 126 260 423 404 293 300 632
Investments 154 75 309 154 119 110 190 129 198 224 175 178
4,903 5,155 6,921 5,961 5,180 5,840 7,169 7,039 7,898 8,570 9,924 11,016
Total Assets 10,713 11,416 15,999 14,346 12,856 13,197 14,781 15,082 15,815 16,443 17,883 20,679

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
222 109 -183 917 1,163 565 1,567 1,665 1,570 73 1,616 2,593
-1,482 -615 -867 -517 -428 -121 -518 -468 -359 -190 -68 -1,917
1,255 359 1,253 -512 -816 -470 -977 -1,168 -831 61 -1,966 -12
Net Cash Flow -5 -148 203 -112 -81 -25 72 28 379 -55 -419 663

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 91 96 91 83 71 83 67 59 73 50 73 60
Inventory Days 153 188 257 210 221 183 156 141 177 173 134 147
Days Payable 68 67 77 42 39 42 88 74 117 71 98 89
Cash Conversion Cycle 176 217 271 250 253 224 134 126 132 152 109 119
Working Capital Days 146 177 169 169 151 159 93 69 79 94 75 80
ROCE % 6% 4% 6% 4% 4% 7% 11% 10% 8% 9% 11% 21%

Shareholding Pattern

Numbers in percentages

13 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
63.02% 63.02% 63.02% 63.02% 63.03% 63.03% 63.25% 63.26% 63.26% 63.26% 63.27% 63.29%
12.41% 12.38% 11.61% 11.85% 11.69% 11.03% 14.94% 15.92% 17.71% 15.22% 14.66% 15.06%
0.87% 0.88% 0.84% 0.86% 0.85% 0.91% 1.20% 1.18% 1.67% 2.27% 2.99% 3.87%
23.04% 23.06% 23.87% 23.61% 23.79% 24.38% 19.98% 19.05% 16.79% 18.66% 18.60% 17.32%
0.66% 0.66% 0.66% 0.65% 0.65% 0.65% 0.64% 0.59% 0.58% 0.58% 0.49% 0.46%
No. of Shareholders 91,03699,0611,13,1141,12,1351,10,3571,05,75685,83983,04892,0001,16,1811,19,4221,37,358

* 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