
JINDALSAW - Jindal Saw Ltd. Share Price
Industrial Products
Valuation | |
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Market Cap | 14.25 kCr |
Price/Earnings (Trailing) | 9.53 |
Price/Sales (Trailing) | 0.93 |
EV/EBITDA | 7.06 |
Price/Free Cashflow | 10.93 |
MarketCap/EBT | 8.42 |
Enterprise Value | 18.45 kCr |
Fundamentals | |
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Revenue (TTM) | 15.4 kCr |
Rev. Growth (Yr) | -7.8% |
Earnings (TTM) | 987.48 Cr |
Earnings Growth (Yr) | -81.9% |
Profitability | |
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Operating Margin | 11% |
EBT Margin | 11% |
Return on Equity | 9.01% |
Return on Assets | 4.75% |
Free Cashflow Yield | 9.15% |
Price to Sales Ratio
Revenue (Last 12 mths)
Net Income (Last 12 mths)
Growth & Returns | |
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Price Change 1W | -2.5% |
Price Change 1M | -7.5% |
Price Change 6M | -9.4% |
Price Change 1Y | -19.9% |
3Y Cumulative Return | 75% |
5Y Cumulative Return | 51% |
7Y Cumulative Return | 26.5% |
10Y Cumulative Return | 18.6% |
Cash Flow & Liquidity | |
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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 & Equivalents | 655.42 Cr |
Free Cash Flow (TTM) | 1.3 kCr |
Free Cash Flow/Share (TTM) | 20.39 |
Balance Sheet | |
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Total Assets | 20.78 kCr |
Total Liabilities | 9.82 kCr |
Shareholder Equity | 10.95 kCr |
Current Assets | 10.11 kCr |
Current Liabilities | 6.98 kCr |
Net PPE | 9.28 kCr |
Inventory | 4.92 kCr |
Goodwill | 61.05 Cr |
Capital Structure & Leverage | |
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Debt Ratio | 0.23 |
Debt/Equity | 0.44 |
Interest Coverage | 2.62 |
Interest/Cashflow Ops | 6 |
Dividend & Shareholder Returns | |
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Dividend/Share (TTM) | 2 |
Dividend Yield | 0.90% |
Shares Dilution (1Y) | 0.00% |
Shares Dilution (3Y) | 0.00% |
Risk & Volatility | |
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Max Drawdown | -2.3% |
Drawdown Prob. (30d, 5Y) | 34.23% |
Risk Level (5Y) | 41.2% |
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
Description | Share | Value |
---|---|---|
a) Iron & Steel | 99.4% | 4.9 kCr |
b) Others | 0.6% | 28.5 Cr |
Total | 4.9 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 Name | Holding % |
---|---|
NALWA SONS INVESTMENTS LIMITED | 16.75% |
FOUR SEASONS INVESTMENTS LIMITED | 13.61% |
SIDDESHWARI TRADEX PRIVATE LIMITED | 11.69% |
SIGMA TECH INC | 9.42% |
OPJ TRADING PRIVATE LIMITED | 2.43% |
VIRTUOUS TRADECORP PRIVATE LIMITED | 2.01% |
DIVINO MULTIVENTURES PRIVATE LIMITED | 1.67% |
PRJ FAMILY MANAGEMENT COMPANY PRIVATE LIMITED AS TRUSTEE OF PRJ HOLDINGS PRIVATE TRUST | 1.27% |
JSL LIMITED | 0.65% |
ESTRELA INVESTMENT COMPANY LIMITED | 0.59% |
TEMPLAR INVESTMENTS LIMITED | 0.58% |
NACHO INVESTMENTS LIMITED | 0.57% |
MENDEZA HOLDINGS LIMITED | 0.57% |
DEEPIKA JINDAL | 0.49% |
SHRADDHA PRITHVI RJ | 0.26% |
INDRESH BATRA | 0.21% |
MEREDITH TRADERS PVT LTD | 0.14% |
GAGAN TRADING CO LTD | 0.07% |
NAVEEN JINDAL | 0.07% |
SYSTRAN MULTIVENTURES PRIVATE LIMITED | 0.06% |
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 |
---|---|---|---|---|---|---|---|---|---|
JSL | Jindal Stainless | 54.04 kCr | 39.6 kCr | -2.60% | -12.40% | 21.57 | 1.36 | - | - |
APLAPOLLO | APL Apollo Tubes | 42.82 kCr | 20.98 kCr | -14.10% | +5.60% | 53.45 | 2.04 | - | - |
RATNAMANI | Ratnamani Metals & Tubes | 18.99 kCr | 5.25 kCr | -3.60% | -23.00% | 35.07 | 3.62 | - | - |
MANINDS | Man Industries (India) | 2.86 kCr | 3.56 kCr | +4.00% | -6.70% | 19.05 | 0.81 | - | - |
Income Statement for Jindal Saw
Balance Sheet for Jindal Saw
Cash Flow for Jindal Saw
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.