Jindal Drilling & Industries Ltd

Jindal Drilling & Industries Ltd

₹ 800 2.91%
24 Apr 3:11 p.m.
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 2,318 Cr.
  • Current Price 800
  • High / Low 915 / 268
  • Stock P/E 30.4
  • Book Value 465
  • Dividend Yield 0.06 %
  • ROCE 9.94 %
  • ROE 7.68 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 45.8% CAGR over last 5 years
  • Promoter holding has increased by 0.85% over last quarter.

Cons

  • Company has a low return on equity of 4.29% over last 3 years.
  • Promoter holding has decreased over last 3 years: -3.17%

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
114 112 99 100 116 105 133 138 138 103 94 142 183
120 91 83 87 87 67 91 94 94 73 61 98 128
Operating Profit -6 22 16 13 29 37 42 44 44 31 33 44 55
OPM % -6% 19% 16% 13% 25% 36% 31% 32% 32% 30% 35% 31% 30%
2 41 5 8 22 8 17 18 7 5 5 8 7
Interest 4 3 2 2 2 2 1 1 2 3 3 4 4
Depreciation 8 8 8 8 12 16 16 16 16 16 16 16 16
Profit before tax -17 51 10 12 37 27 42 44 34 17 19 32 42
Tax % 1% 13% 31% 69% 7% 30% 28% 28% 27% 38% 36% 32% 24%
-16 45 7 4 34 19 30 32 25 10 12 22 32
EPS in Rs -5.68 15.38 2.50 1.24 11.88 6.61 10.39 10.95 8.58 3.51 4.16 7.63 11.02
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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 TTM
540 320 372 149 207 216 398 420 512 522
335 284 355 209 198 793 356 310 349 359
Operating Profit 205 36 17 -60 10 -577 42 110 163 163
OPM % 38% 11% 5% -40% 5% -267% 11% 26% 32% 31%
42 127 89 56 81 34 8 32 47 24
Interest 12 2 10 4 14 14 16 12 11 14
Depreciation 84 15 9 9 9 26 32 43 63 63
Profit before tax 152 146 86 -17 69 -583 2 87 136 110
Tax % 17% 12% 8% 51% 0% -1% 416% 26% 29%
125 129 80 -8 68 -591 -6 64 97 76
EPS in Rs 43.19 44.52 27.52 -2.87 23.54 -203.82 -2.03 22.25 33.43 26.32
Dividend Payout % 1% 1% 2% -17% 2% -0% -25% 2% 2%
Compounded Sales Growth
10 Years: %
5 Years: 28%
3 Years: 33%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: 46%
3 Years: 29%
TTM: -28%
Stock Price CAGR
10 Years: 14%
5 Years: 51%
3 Years: 106%
1 Year: 151%
Return on Equity
10 Years: %
5 Years: -5%
3 Years: 4%
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 Sep 2023
Equity Capital 14 14 14 14 14 14 14 14 14 14
Reserves 1,447 1,614 1,675 1,669 1,805 1,262 1,107 1,180 1,295 1,332
356 87 77 63 163 399 330 220 207 215
165 189 86 78 610 121 272 276 338 434
Total Liabilities 1,982 1,905 1,853 1,824 2,592 1,796 1,723 1,691 1,854 1,997
745 55 68 64 53 531 502 651 602 572
CWIP 0 1 0 0 519 0 0 0 0 2
Investments 767 1,100 1,094 1,052 1,181 627 414 447 495 439
470 749 691 709 839 639 807 593 757 983
Total Assets 1,982 1,905 1,853 1,824 2,592 1,796 1,723 1,691 1,854 1,997

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
-46 -61 -67 8 52 106 196 64
-40 84 86 -92 -272 60 -66 -38
84 -21 -19 86 222 -85 -119 -23
Net Cash Flow -2 2 0 2 2 80 11 3

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
Debtor Days 92 134 85 250 176 214 152 134 110
Inventory Days
Days Payable
Cash Conversion Cycle 92 134 85 250 176 214 152 134 110
Working Capital Days 39 158 193 532 440 429 111 46 107
ROCE % 8% 5% -1% 4% -31% 1% 7% 10%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.42% 67.42% 67.42% 67.42% 67.42% 67.42% 67.42% 66.88% 63.40% 63.40% 63.40% 64.26%
0.02% 0.10% 0.30% 1.04% 0.70% 0.52% 0.76% 0.81% 0.33% 0.29% 0.27% 0.42%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.84% 0.84%
32.56% 32.48% 32.28% 31.54% 31.88% 32.06% 31.82% 32.31% 36.28% 36.30% 35.49% 34.48%
No. of Shareholders 16,52217,22017,10620,73520,06918,33918,57118,68618,18617,15718,38018,449

* 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.

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