Jindal Drilling & Industries Ltd

Jindal Drilling & Industries Ltd

₹ 593 -3.37%
29 May - close price
About

Jindal Drilling & Industries, part of the Dharam Pal Jindal Group, is a leading Indian company in offshore drilling and allied services, including directional drilling and mud logging. [1]

Key Points

Service Offerings
Offshore Drilling: It is a mechanical process where a borehole is drilled on the seabed to extract crude oil and natural oil beneath the seabed.
Directional / Horizontal Drilling It is a technique of drilling a wellbore at multiple angles, it has become more accurate, precise, and efficient.
Measurement While Drilling Services: To get the real-time measurement of trajectory information such as direction, tool face, inclination, and temperature, an MWD system is installed in the drill string. It consists of three sections: Power supply, Sensor section, and Transmitter.
Mud Logging Services: To detect the presence of oil and gas, drilling engineers study the sample of ground or rock pieces taken from the borehole by drilling. The process is known as Mud Logging services. [1]

  • Market Cap 1,719 Cr.
  • Current Price 593
  • High / Low 694 / 440
  • Stock P/E 9.79
  • Book Value 507
  • Dividend Yield 0.17 %
  • ROCE 16.1 %
  • ROE 12.6 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.17 times its book value

Cons

  • Company has a low return on equity of 11.4% over last 3 years.
  • Working capital days have increased from 10.3 days to 67.2 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.

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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
103 94 142 183 198 171 172 239 245 254 238 242 263
65 52 89 128 149 132 141 159 158 147 145 170 185
Operating Profit 38 42 53 55 49 39 31 81 87 107 93 72 78
OPM % 37% 44% 37% 30% 25% 23% 18% 34% 36% 42% 39% 30% 30%
5 5 8 6 11 13 10 15 19 8 109 -81 5
Interest 3 3 4 4 2 5 4 4 3 3 2 2 2
Depreciation 16 16 16 16 16 16 16 26 31 37 38 38 38
Profit before tax 24 27 41 41 42 31 21 65 71 76 162 -49 44
Tax % 26% 25% 25% 25% 24% 25% 25% 25% 25% 25% 25% -25% 26%
18 20 31 31 32 23 16 49 53 56 121 -37 32
EPS in Rs 6.18 7.01 10.64 10.74 10.97 7.92 5.47 16.82 18.38 19.48 41.66 -12.70 11.12
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
445 320 372 149 207 216 398 420 512 617 828 997
401 284 355 209 198 176 341 310 334 415 587 647
Operating Profit 44 36 17 -60 10 40 57 110 178 202 241 349
OPM % 10% 11% 5% -40% 5% 18% 14% 26% 35% 33% 29% 35%
30 30 26 45 53 34 8 32 47 29 56 42
Interest 1 2 10 4 14 14 16 12 11 15 19 8
Depreciation 14 15 9 9 9 26 32 43 63 64 89 151
Profit before tax 59 49 24 -28 40 33 17 87 151 152 188 232
Tax % 31% 35% 28% -44% 15% 22% 46% 25% 26% 25% 25% 26%
41 32 17 -15 34 26 9 65 112 114 141 173
EPS in Rs 14.05 10.98 5.86 -5.34 11.77 9.04 3.17 22.32 38.58 39.37 48.60 59.56
Dividend Payout % 4% 5% 9% -9% 4% 6% 16% 2% 1% 1% 2% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 20%
3 Years: 25%
TTM: 20%
Compounded Profit Growth
10 Years: 22%
5 Years: 81%
3 Years: 17%
TTM: 27%
Stock Price CAGR
10 Years: 13%
5 Years: 41%
3 Years: 25%
1 Year: -8%
Return on Equity
10 Years: 7%
5 Years: 11%
3 Years: 11%
Last Year: 13%

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 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 795 827 841 824 853 874 883 945 1,050 1,163 1,296 1,454
0 87 77 63 163 399 330 220 207 294 164 93
168 169 74 61 569 69 269 270 323 368 1,006 562
Total Liabilities 978 1,098 1,007 963 1,599 1,356 1,496 1,450 1,594 1,840 2,481 2,124
67 55 68 64 53 531 502 651 602 551 1,294 1,185
CWIP 0 1 0 0 519 0 0 0 0 0 0 7
Investments 457 293 248 190 188 187 187 206 235 243 306 407
454 749 691 709 839 639 807 593 757 1,045 880 527
Total Assets 978 1,098 1,007 963 1,599 1,356 1,496 1,450 1,594 1,840 2,481 2,124

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
142 -46 -61 -67 8 52 106 196 64 -44 864 178
-125 -40 84 86 -92 -272 60 -66 -38 -20 -726 -108
-15 84 -21 -19 86 222 -85 -119 -23 73 -148 -82
Net Cash Flow 2 -2 2 0 2 2 80 11 3 8 -10 -13
Free Cash Flow 125 -56 -68 -72 5 -451 102 4 50 -57 33 129
CFO/OP 363% -78% -263% 99% 133% 142% 189% 173% 29% -20% 370% 63%

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 104 134 85 250 176 214 152 134 110 112 90 82
Inventory Days
Days Payable
Cash Conversion Cycle 104 134 85 250 176 214 152 134 110 112 90 82
Working Capital Days 28 58 117 378 153 121 -27 -17 16 64 -101 67
ROCE % 4% 5% 3% -4% 5% 4% 3% 8% 13% 12% 14% 16%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Rigs Operated
Number

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Average Number of Sets - Directional Drilling
Number
Average Number of Sets - Mud Logging
Number
Number of Owned Rigs
Number
Operational Efficiency (Efficiency/Uptime)
%
Revenue Concentration from ONGC
%
Order Book (Approximate)
INR Crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

316 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
63.40% 63.40% 63.40% 64.26% 64.26% 64.26% 64.26% 64.26% 64.24% 64.39% 66.44% 66.78%
0.33% 0.29% 0.27% 0.42% 0.29% 0.45% 0.64% 2.05% 2.13% 2.04% 0.85% 0.62%
0.00% 0.00% 0.84% 0.84% 1.05% 1.05% 1.05% 0.94% 0.49% 0.20% 0.00% 0.00%
36.28% 36.30% 35.49% 34.48% 34.40% 34.23% 34.05% 32.75% 33.14% 33.36% 32.72% 32.58%
No. of Shareholders 18,18617,15718,38018,44920,78421,68221,52229,02032,99633,79234,87241,627

* 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

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