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 15.9
  • Book Value 197
  • Dividend Yield 0.83 %
  • ROCE 10.3 %
  • ROE 8.12 %
  • Face Value 1.00

Pros

Cons

  • The company has delivered a poor sales growth of 10.9% over past five years.
  • Tax rate seems low
  • 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 66.1 days

* 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
5,188 4,410 5,466 5,656 5,425 4,939 5,572 5,271 5,047 4,085 4,234 4,943 4,633
4,588 3,803 4,663 4,668 4,505 4,100 4,658 4,332 4,310 3,415 3,782 4,331 4,156
Operating Profit 600 608 804 988 920 840 914 939 736 670 451 613 478
OPM % 12% 14% 15% 17% 17% 17% 16% 18% 15% 16% 11% 12% 10%
79 37 22 40 69 51 37 29 28 29 40 22 23
Interest 162 160 189 182 174 154 158 173 139 171 153 133 163
Depreciation 126 132 141 147 149 148 151 151 153 153 156 155 167
Profit before tax 392 354 496 700 667 588 643 645 473 374 183 347 172
Tax % 24% 31% 28% 27% 28% 29% 26% 26% 82% -11% 24% 29% 28%
298 244 356 512 480 416 475 479 87 415 139 248 124
EPS in Rs 5.58 4.14 5.90 8.34 7.85 6.90 7.81 7.92 4.55 6.63 2.38 4.03 2.18
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
8,208 7,703 7,070 8,507 12,117 11,627 10,664 13,298 17,868 20,958 20,829 17,895
7,254 6,979 6,393 7,466 10,645 10,116 9,422 11,899 16,192 17,631 17,375 15,680
Operating Profit 954 723 677 1,041 1,472 1,511 1,242 1,399 1,676 3,326 3,454 2,215
OPM % 12% 9% 10% 12% 12% 13% 12% 11% 9% 16% 17% 12%
76 136 330 24 515 -3 209 155 155 162 120 111
Interest 606 679 569 579 615 620 493 460 642 705 623 620
Depreciation 335 328 337 363 396 422 459 473 470 568 602 630
Profit before tax 89 -148 101 122 975 467 499 621 719 2,216 2,349 1,076
Tax % 131% -46% 62% 109% 22% 1% 34% 40% 37% 28% 38% 14%
-27 -80 39 -11 764 461 328 376 452 1,593 1,458 925
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
Dividend Payout % -200% -76% 28% 22% 8% 12% 20% 16% 15% 8% 7% 13%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 0%
TTM: -14%
Compounded Profit Growth
10 Years: 42%
5 Years: 25%
3 Years: 14%
TTM: -44%
Stock Price CAGR
10 Years: 29%
5 Years: 39%
3 Years: 46%
1 Year: 6%
Return on Equity
10 Years: 9%
5 Years: 12%
3 Years: 14%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 5,332 5,061 5,322 5,432 6,218 6,700 6,919 7,300 7,857 10,029 11,347 12,510
8,102 7,547 6,222 6,311 5,692 5,649 5,335 6,031 4,961 5,761 4,859 4,691
2,507 1,676 1,248 1,389 2,807 2,669 3,497 3,048 5,001 4,824 4,395 4,421
Total Liabilities 15,999 14,346 12,856 13,197 14,781 15,082 15,815 16,443 17,883 20,679 20,665 21,686
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
6,921 5,961 5,180 5,840 7,169 7,039 7,898 8,570 9,924 11,016 10,516 10,720
Total Assets 15,999 14,346 12,856 13,197 14,781 15,082 15,815 16,443 17,883 20,679 20,665 21,686

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-183 917 1,163 565 1,567 1,665 1,570 73 1,616 2,593 2,335 1,771
-867 -517 -428 -121 -518 -468 -359 -190 -68 -1,917 -897 -955
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 -257
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% 85% 92%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 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%

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 ・Standalone data

Log in to view insights

Please log in to see hidden values.

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

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.

Documents

Concalls