Jindal Drilling & Industries Ltd
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]
- Market Cap ₹ 1,372 Cr.
- Current Price ₹ 474
- High / Low ₹ 982 / 440
- Stock P/E 7.09
- Book Value ₹ 511
- Dividend Yield 0.21 %
- ROCE 13.8 %
- ROE 11.1 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.93 times its book value
- Company has delivered good profit growth of 40.2% CAGR over last 5 years
- Promoter holding has increased by 2.04% over last quarter.
Cons
- Company has a low return on equity of 10.7% 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
Energy Oil, Gas & Consumable Fuels Oil Offshore Support Solution Drilling
Part of BSE Allcap BSE Energy
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 749 | 445 | 320 | 372 | 149 | 207 | 216 | 398 | 420 | 512 | 617 | 828 | 979 | |
| 693 | 401 | 284 | 355 | 209 | 198 | 176 | 341 | 310 | 334 | 415 | 587 | 621 | |
| Operating Profit | 57 | 44 | 36 | 17 | -60 | 10 | 40 | 57 | 110 | 178 | 202 | 241 | 358 |
| OPM % | 8% | 10% | 11% | 5% | -40% | 5% | 18% | 14% | 26% | 35% | 33% | 29% | 37% |
| 23 | 30 | 30 | 26 | 45 | 53 | 34 | 8 | 32 | 47 | 29 | 56 | 56 | |
| Interest | 1 | 1 | 2 | 10 | 4 | 14 | 14 | 16 | 12 | 11 | 15 | 19 | 10 |
| Depreciation | 11 | 14 | 15 | 9 | 9 | 9 | 26 | 32 | 43 | 63 | 64 | 89 | 143 |
| Profit before tax | 67 | 59 | 49 | 24 | -28 | 40 | 33 | 17 | 87 | 151 | 152 | 188 | 260 |
| Tax % | 27% | 31% | 35% | 28% | -44% | 15% | 22% | 46% | 25% | 26% | 25% | 25% | |
| 49 | 41 | 32 | 17 | -15 | 34 | 26 | 9 | 65 | 112 | 114 | 141 | 194 | |
| EPS in Rs | 16.98 | 14.05 | 10.98 | 5.86 | -5.34 | 11.77 | 9.04 | 3.17 | 22.32 | 38.58 | 39.37 | 48.60 | 66.82 |
| Dividend Payout % | 3% | 4% | 5% | 9% | -9% | 4% | 6% | 16% | 2% | 1% | 1% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 31% |
| 3 Years: | 25% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 40% |
| 3 Years: | 29% |
| TTM: | 62% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 37% |
| 3 Years: | 24% |
| 1 Year: | -46% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 8% |
| 3 Years: | 11% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 740 | 795 | 827 | 841 | 824 | 853 | 874 | 883 | 945 | 1,050 | 1,163 | 1,296 | 1,466 |
| 13 | 0 | 87 | 77 | 63 | 163 | 399 | 330 | 220 | 207 | 294 | 164 | 117 | |
| 111 | 168 | 169 | 74 | 61 | 569 | 69 | 269 | 270 | 323 | 368 | 1,006 | 610 | |
| Total Liabilities | 879 | 978 | 1,098 | 1,007 | 963 | 1,599 | 1,356 | 1,496 | 1,450 | 1,594 | 1,840 | 2,481 | 2,208 |
| 58 | 67 | 55 | 68 | 64 | 53 | 531 | 502 | 651 | 602 | 551 | 1,294 | 1,229 | |
| CWIP | 6 | 0 | 1 | 0 | 0 | 519 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 433 | 457 | 293 | 248 | 190 | 188 | 187 | 187 | 206 | 235 | 243 | 306 | 511 |
| 381 | 454 | 749 | 691 | 709 | 839 | 639 | 807 | 593 | 757 | 1,045 | 880 | 468 | |
| Total Assets | 879 | 978 | 1,098 | 1,007 | 963 | 1,599 | 1,356 | 1,496 | 1,450 | 1,594 | 1,840 | 2,481 | 2,208 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26 | 142 | -46 | -61 | -67 | 8 | 52 | 106 | 196 | 64 | -44 | 864 | |
| -86 | -125 | -40 | 84 | 86 | -92 | -272 | 60 | -66 | -38 | -20 | -726 | |
| 59 | -15 | 84 | -21 | -19 | 86 | 222 | -85 | -119 | -23 | 73 | -148 | |
| Net Cash Flow | 0 | 2 | -2 | 2 | 0 | 2 | 2 | 80 | 11 | 3 | 8 | -10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 87 | 104 | 134 | 85 | 250 | 176 | 214 | 152 | 134 | 110 | 112 | 90 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 87 | 104 | 134 | 85 | 250 | 176 | 214 | 152 | 134 | 110 | 112 | 90 |
| Working Capital Days | 58 | 28 | 58 | 117 | 378 | 153 | 121 | -27 | -17 | 16 | 64 | -101 |
| ROCE % | 7% | 4% | 5% | 3% | -4% | 5% | 4% | 3% | 8% | 13% | 12% | 14% |
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 |
|
||||||||||
| 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 |
|||||||||||
Documents
Announcements
-
Clarification On Price Movement
11 Mar - Reply to exchanges (Mar 11, 2026): no undisclosed material information on stock's recent price/volume movement.
-
Clarification sought from Jindal Drilling & Industries Ltd
10 Mar - Exchange has sought clarification from Jindal Drilling & Industries Ltd on March 10, 2026 with reference to significant movement in price, in order to ensure …
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Mar - Advertisement to Shareholder regarding Special Window for Re- Lodgment of Trasnsfer requests of Physical shares.
-
Clarification With Reference To The Significant Increase In The Volume Of The Security Of The Company Across Exchanges
3 Mar - Company replies to exchange about recent volume spike, states all material information already disclosed, no further developments.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2 Feb - Transcript of Earnings Call held on 30th January 2026
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2013
from nse
-
Financial Year 2012
from bse
Concalls
-
Feb 2026Transcript PPT REC
-
Nov 2025Transcript PPT
-
Aug 2025Transcript PPT REC
-
Jun 2025Transcript PPT REC
-
Feb 2025Transcript PPT REC
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
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]