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JINDALSAW

JINDALSAW - Jindal Saw Ltd. Share Price

Industrial Products

206.09-3.75(-1.79%)
Market Open as of Aug 8, 2025, 14:02 IST

Valuation

Market Cap14.25 kCr
Price/Earnings (Trailing)9.53
Price/Sales (Trailing)0.93
EV/EBITDA7.06
Price/Free Cashflow10.93
MarketCap/EBT8.42
Enterprise Value18.45 kCr

Fundamentals

Revenue (TTM)15.4 kCr
Rev. Growth (Yr)-7.8%
Earnings (TTM)987.48 Cr
Earnings Growth (Yr)-81.9%

Profitability

Operating Margin11%
EBT Margin11%
Return on Equity9.01%
Return on Assets4.75%
Free Cashflow Yield9.15%

Price to Sales Ratio

Latest reported: 1

Revenue (Last 12 mths)

Latest reported: 15 kCr

Net Income (Last 12 mths)

Latest reported: 987 Cr

Growth & Returns

Price Change 1W-2.5%
Price Change 1M-7.5%
Price Change 6M-9.4%
Price Change 1Y-19.9%
3Y Cumulative Return75%
5Y Cumulative Return51%
7Y Cumulative Return26.5%
10Y Cumulative Return18.6%

Cash Flow & Liquidity

Cash Flow from Investing (TTM)-898.83 Cr
Cash Flow from Operations (TTM)2.34 kCr
Cash Flow from Financing (TTM)-1.52 kCr
Cash & Equivalents655.42 Cr
Free Cash Flow (TTM)1.3 kCr
Free Cash Flow/Share (TTM)20.39

Balance Sheet

Total Assets20.78 kCr
Total Liabilities9.82 kCr
Shareholder Equity10.95 kCr
Current Assets10.11 kCr
Current Liabilities6.98 kCr
Net PPE9.28 kCr
Inventory4.92 kCr
Goodwill61.05 Cr

Capital Structure & Leverage

Debt Ratio0.23
Debt/Equity0.44
Interest Coverage2.62
Interest/Cashflow Ops6

Dividend & Shareholder Returns

Dividend/Share (TTM)2
Dividend Yield0.90%
Shares Dilution (1Y)0.00%
Shares Dilution (3Y)0.00%

Risk & Volatility

Max Drawdown-2.3%
Drawdown Prob. (30d, 5Y)34.23%
Risk Level (5Y)41.2%
Pros

Past Returns: Outperforming stock! In past three years, the stock has provided 75% return compared to 14.6% by NIFTY 50.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Balance Sheet: Strong Balance Sheet.

Size: Market Cap wise it is among the top 20% companies of india.

Cons

Growth: Poor revenue growth. Revenue grew at a disappointing -27.1% on a trailing 12-month basis.

Technicals: SharesGuru indicator is Bearish.

Momentum: Stock is suffering a negative price momentum. Stock is down -7.5% in last 30 days.

Smart Money: Smart money looks to be reducing their stake in the stock.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Dividend Yield0.90%
Dividend/Share (TTM)2
Shares Dilution (1Y)0.00%
Earnings/Share (TTM)23.4

Financial Health

Current Ratio1.45
Debt/Equity0.44

Technical Indicators

RSI (14d)35
RSI (5d)30.5
RSI (21d)28.89
MACD SignalSell
Stochastic Oscillator SignalHold
Grufity SignalSell
RSI SignalHold
RSI5 SignalHold
RSI21 SignalBuy
SMA 5 SignalSell
SMA 10 SignalSell
SMA 20 SignalSell
SMA 50 SignalSell
SMA 100 SignalSell

Summary of Latest Earnings Report from Jindal Saw

Summary of Jindal Saw's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Last updated:

In the earnings call held on May 5, 2025, Jindal Saw Limited's management provided insights about the company's outlook and forward-looking points.

Management highlighted that the last quarter's results showed plateauing performance, attributable to delayed budgetary allocations affecting the Jal Jeevan Mission (JJM), which is expected to improve in Q2 FY2026 as the government has released Rs. 70,000 crores for water infrastructure projects. Specifically, they project a turnaround in growth trajectory for these projects from Q2 onwards.

Regarding their financial outlook, the company maintains an EBITDA margin target of 19% to 20% for the upcoming year and noted that raw material prices are stabilizing, mitigating potential disruptions. The term loan stands at Rs. 600-700 crores, with a net worth around Rs. 10,000 crores, reflecting a healthy financial position.

On the JITF arbitration case, a significant point mentioned was that Jindal Saw has repaid Rs. 850 crores to NTPC with contributions from the promoter group, indicating no cash flow strain on Jindal Saw from this repayment. The management remains optimistic about the appeal against the Single Bench judgment, citing high confidence about a favorable outcome.

Management envisions that the company will benefit from the upcoming capacity expansions in both seamless and DI pipes, projecting the capacity in Nashik to grow to 4.5 lakh tons and an additional 1 lakh ton in Haresamudram. They anticipate that these developments, alongside cost reduction initiatives, will positively impact future financials.

Overall, while maintaining a conservative strategy and ensuring no cash flow strain, Jindal Saw Limited is positioning itself for growth following the expected recovery in project spending and operational efficiencies.

Last updated:

Earnings Call Q&A Summary

Question 1: "How is the current demand for the Jal Jeevan Mission (JJM) projects and what is the order book situation considering the recent funding releases?"

Answer: The government released Rs.70,000 crores for JJM, reinstating project momentum. The full impact will be visible from Q2 FY2026. Despite rumors of funding cuts, demand for water infrastructure remains robust, supported by new hybrid annuity models encouraging EPC contractor participation.


Question 2: "What are your thoughts on the recent cash losses in JITF amounting to Rs.345 crores this year compared to Rs.157 crores last year?"

Answer: The cash losses reported include a Rs.146 crore adjustment. Excluding this, cash losses are consistent with previous figures. I'd recommend contacting Rajeev Goyal for detailed accounting inquiries, as they may not be resolved in this format.


Question 3: "Have you observed any green shoots in order inflow for water projects in April?"

Answer: Yes, bid activity has resumed, indicating a positive trajectory for Q2. This uptick comes from ongoing discussions and tender processes in multiple states.


Question 4: "In terms of DI pricing, how do you foresee market price adjustments in the event of weak demand?"

Answer: We maintain stability in DI prices and do not anticipate any declines. Our pricing remains firm, with current orders reflecting our desired margins. Fluctuations in demand will not affect our pricing strategy under the present circumstances.

Revenue Breakdown

Analysis of Jindal Saw's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.

Last Updated: Jun 30, 2024

DescriptionShareValue
a) Iron & Steel99.4%4.9 kCr
b) Others0.6%28.5 Cr
Total4.9 kCr

Share Holdings

Understand Jindal Saw ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Share Holding Details

Shareholder NameHolding %
NALWA SONS INVESTMENTS LIMITED16.75%
FOUR SEASONS INVESTMENTS LIMITED13.61%
SIDDESHWARI TRADEX PRIVATE LIMITED11.69%
SIGMA TECH INC9.42%
OPJ TRADING PRIVATE LIMITED2.43%
VIRTUOUS TRADECORP PRIVATE LIMITED2.01%
DIVINO MULTIVENTURES PRIVATE LIMITED1.67%
PRJ FAMILY MANAGEMENT COMPANY PRIVATE LIMITED AS TRUSTEE OF PRJ HOLDINGS PRIVATE TRUST1.27%
JSL LIMITED0.65%
ESTRELA INVESTMENT COMPANY LIMITED0.59%
TEMPLAR INVESTMENTS LIMITED0.58%
NACHO INVESTMENTS LIMITED0.57%
MENDEZA HOLDINGS LIMITED0.57%
DEEPIKA JINDAL0.49%
SHRADDHA PRITHVI RJ0.26%
INDRESH BATRA0.21%
MEREDITH TRADERS PVT LTD0.14%
GAGAN TRADING CO LTD0.07%
NAVEEN JINDAL0.07%
SYSTRAN MULTIVENTURES PRIVATE LIMITED0.06%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is Jindal Saw Better than it's peers?

Detailed comparison of Jindal Saw against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker
Name
Mkt Cap
Revenue
Price %, 1M
Returns, 1Y
P/E
P/S
Rev 1-Yr
Inc 1-Yr
JSLJindal Stainless54.04 kCr39.6 kCr-2.60%-12.40%21.571.36--
APLAPOLLOAPL Apollo Tubes42.82 kCr20.98 kCr-14.10%+5.60%53.452.04--
RATNAMANIRatnamani Metals & Tubes18.99 kCr5.25 kCr-3.60%-23.00%35.073.62--
MANINDSMan Industries (India)2.86 kCr3.56 kCr+4.00%-6.70%19.050.81--

Income Statement for Jindal Saw

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

Balance Sheet for Jindal Saw

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

Cash Flow for Jindal Saw

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

What does Jindal Saw Ltd. do?

Jindal Saw Limited engages in the manufacture and supply of iron and steel pipes and pellets in India and internationally. It operates through Iron and Steel Products and Others segments. The company offers SAW pipes used for energy transportation in the oil and gas sector, including water and slurry transportation; ductile iron pipes and fittings for water and waste-water transportation sectors; carbon, alloy, and stainless steel seamless and welded pipes and tubes for use in petroleum, exploration, sugar, steel, bearing, automotive general engineering, power, and process industries; operates iron ore mine and pellet plant. It provides precision stainless steel strips and soft magnetic nickel alloys for use in the production of textile machinery, clocks, watches, and electrical equipment; anti corrosion and protective coating; double chamber pipes; foam coated pipes; weld-on connector casings; bends and flanges; pipes and tubes for general mechanical engineering applications; and line pipe, process pipe, oil country tubular goods products, and non-welded pipes. In addition, the company is involved in the transshipment and waterborne transportation businesses; and provision of inland shipping, business process outsourcing, call center and advisory, helical anchor manufacturing, property holding, and tools and fittings products. Jindal Saw Limited was incorporated in 1984 and is based in New Delhi, India.

Industry Group:Industrial Products
Employees:7,517
Website:www.jindalsaw.com