Jindal Saw Ltd (JINDALSAW) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500378 | NSE: JINDALSAW | Steel & Iron Products | Small Cap

Jindal Saw Share Price

161.75 -2.35 -1.43%
as on 05-Dec'25 15:26

Jindal Saw Ltd (JINDALSAW) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 500378 | NSE: JINDALSAW | Steel & Iron Products | Small Cap

DeciZen - make an informed investing decision on Jindal Saw

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Jindal Saw stock performance -

Key Ratios
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P/E Ratio (SA):
7.52
Market Cap:
10,494.3 Cr.
52-wk low:
160.3
52-wk high:
342.7

Is Jindal Saw Ltd an attractive stock to invest in?


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10 Year X-Ray of Jindal Saw: Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Jindal Saw Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7.4%9.7%10%11.8%10.4%8.5%9%12.8%21.8%20.5%-
Value Creation
Index
-0.5-0.3-0.3-0.2-0.3-0.4-0.4-0.10.60.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6,1205,6787,3109,82910,1298,63211,02215,28317,96217,93615,547
Sales YoY Gr.--7.2%28.7%34.5%3%-14.8%27.7%38.7%17.5%-0.1%-
Adj EPS 4.455.86.9103.95.78.122.828.421.8
YoY Gr.-13.7%16.5%18.5%46.2%-60.9%44.6%43%180.8%24.8%-
BVPS (₹) 87.18792.599.5107.3111.6117.1126.7158.5186.1191.6
Adj Net
Profit
2663183704396412513625191,4561,8171,395
Cash Flow from Ops. 5441,3175731,2701,4651,3441911,3382,1371,855-
Debt/CF from Ops. 9.23.27.83.32.62.621.82.51.81.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.7%12.1%17.6%-0.1%
Adj EPS 23.1%23.2%71.1%24.8%
BVPS8.8%11.6%16.7%17.5%
Share Price 17.7% 34.4% 50.9% -49.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
4.95.96.57.29.73.656.715.916.411.6
Op. Profit
Mgn %
13.316.514.412.51310.710.18.815.717.515.9
Net Profit
Mgn %
4.45.65.14.56.32.93.33.48.110.19
Debt to
Equity
0.90.80.80.70.60.50.60.40.40.30
Working Cap
Days
28428524322222926922618918217498
Cash Conv.
Cycle
17217514411291988975688033

Recent Performance Summary

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Latest Financials - Jindal Saw Ltd.

Standalone Consolidated
TTM EPS (₹) 21.8 21.5
TTM Sales (₹ Cr.) 15,547 18,636
BVPS (₹.) 191.6 188.9
Reserves (₹ Cr.) 12,188 12,019
P/BV 0.86 0.87
PE 7.52 7.64
From the Market
52 Week Low / High (₹) 160.25 / 342.65
All Time Low / High (₹) 1.66 / 383.85
Market Cap (₹ Cr.) 10,494
Equity (₹ Cr.) 64
Face Value (₹) 1
Industry PE 22.7

Management X-Ray of Jindal Saw:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Jindal Saw - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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Key Ratios of Jindal Saw

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6,1205,6787,3109,82910,1298,63211,02215,28317,96217,936
Operating Expenses 5,3134,7496,2738,6158,8317,7089,90913,94315,15214,878
Manufacturing Costs8498007338858309001,2441,4981,5651,587
Material Costs3,4913,0084,2806,2716,2775,1106,6009,82110,71410,425
Employee Cost 4274655135776836857708771,1201,191
Other Costs 5454757468821,0421,0131,2941,7461,7531,675
Operating Profit 8079301,0371,2141,2989231,1141,3392,8103,058
Operating Profit Margin (%) 13.2%16.4%14.2%12.4%12.8%10.7%10.1%8.8%15.6%17.0%
Other Income 306267227302254334271488416398
Interest 494380420496516404369534586488
Depreciation 227229256281310346372355452479
Exceptional Items -133300-1350-7000
Profit Before Tax 2585915887395925076379382,1882,488
Tax 36204194241-3178232223574613
Profit After Tax 2213863944985943294057151,6141,874
PAT Margin (%) 3.6%6.8%5.4%5.1%5.9%3.8%3.7%4.7%9.0%10.5%
Adjusted EPS (₹)3.66.06.27.89.35.26.311.225.229.3
Dividend Payout Ratio (%)14%8%10%13%11%19%16%13%8%7%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 5,3025,5645,9136,3666,8637,1387,4898,10010,13311,904
Share Capital 61646464646464646464
Reserves 5,2415,5005,8496,3026,7997,0747,4258,03610,06911,840
Minority Interest0000000000
Debt4,6263,7534,2193,9423,5052,9443,8203,0093,3692,684
Long Term Debt2,1801,7531,7961,6191,3271,3921,0319221,279563
Short Term Debt2,4462,0002,4222,3232,1791,5522,7892,0872,0902,121
Trade Payables2972913791,5731,2461,6881,3372,8342,8112,323
Others Liabilities 1,3061,3291,2721,4271,5382,1651,9142,2052,4362,081
Total Liabilities 11,53210,93711,78313,30713,15213,93514,56116,14918,74918,992

Fixed Assets

Gross Block6,1876,4356,5016,8057,3837,6317,9058,2109,98010,807
Accumulated Depreciation4306628631,1081,4101,7172,0512,2522,6433,008
Net Fixed Assets 5,7575,7735,6385,6975,9735,9135,8545,9587,3387,799
CWIP 20465108231205157166206541543
Investments 6755916496656387161,0251,1221,1822,090
Inventories1,7971,7991,9512,7462,1942,4543,0713,3513,9704,182
Trade Receivables1,5851,2081,6431,8621,5331,7311,4443,1492,9273,015
Cash Equivalents 124404211125748751763598589
Others Assets 1,3891,4601,7531,9952,3522,4772,4852,2992,193774
Total Assets 11,53210,93711,78313,30713,15213,93514,56116,14918,74918,992

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 5441,3175731,2701,4651,3441911,3382,1371,855
PBT 2584715487425925076379382,1882,488
Adjustment 593500539495806505586496845740
Changes in Working Capital -241440-453177223410-89440-638-802
Tax Paid -66-93-60-143-155-78-138-136-258-572
Cash Flow From Investing Activity -451-111-454-487-393-355-288-46-1,657-303
Capex -197-151-194-444-338-251-323-187-782-927
Net Investments -293125-000-6357-15-1,098-12
Others 39-85-260-44-55-41-22156224637
Cash Flow From Financing Activity -168-1,278-137-731-1,001-748161-1,691-40-1,519
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 92-292-127-144-175-127-347-388615-916
Interest Paid -324-353-384-448-475-388-345-517-556-494
Dividend Paid -36-38-35-49-77-63-63-63-100-127
Others 100-594410-90-274-171917-723119
Net Cash Flow -76-72-17527224165-39943934

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.057.116.878.118.994.75.549.1717.7117.01
ROCE (%)7.359.7110.0411.8210.448.549.0212.7721.7820.51
Asset Turnover Ratio0.540.530.650.780.770.640.7711.030.95
PAT to CFO Conversion(x)2.463.411.452.552.474.090.471.871.320.99
Working Capital Days
Receivable Days89867165616953556260
Inventory Days1131119387899891777483
Payable Days453629578210584789690

Jindal Saw Ltd Stock News

Jindal Saw Ltd FAQs

The current trading price of Jindal Saw on 05-Dec-2025 15:26 is ₹161.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Jindal Saw stood at ₹10,494.3.
The latest P/E ratio of Jindal Saw as of 04-Dec-2025 is 7.52.
The latest P/B ratio of Jindal Saw as of 04-Dec-2025 is 0.86.
The 52-week high of Jindal Saw is ₹342.6 and the 52-week low is ₹160.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jindal Saw is ₹15,547 ( Cr.) .

About Jindal Saw Ltd

Jindal SAW is a part of the $10 billion OP Jindal group, one of the country’s topmost industry houses and the foremost indigenous steel producers and exporters. It started operation in the year 1984, when it became the first company in India to manufacture submerged arc welded (SAW) pipes using the internationally acclaimed U-O-E technology.

Jindal SAW is in a commanding position in India's tubular market, being the undisputed leader with a turnover in excess of Rs 7,000 crore.

With integrated facilities at multiple locations and an ever expanding market opportunity, Jindal SAW diversified from a single product company to a multi-product company, manufacturing large-diameter submerged arc pipes and spiral pipes and bends for the energy transportation sector; carbon, alloy and stainless steel seamless pipes and tubes manufactured by conical piercing process used for industrial applications; and ductile iron (DI) pipes for water and sewage transportation. Besides these, the company also provides various value-added products like pipe coatings, bends and connector castings to its clients.

At the company, the business operations are highly structured with three strategic business units: large diameter pipes, seamless tubes, and DI (ductile iron) pipes. Every SBU has its own dedicated sales and marketing targets and operations.

In 2006, Jindal SAW realigned itself by disposing off non-core business in the US and focused its energies on the Indian growth story by launching several new initiatives.

The company has consistently created value by creating low-cost capacities in capital-intensive industries in businesses largely overlooked by other corporate. Jindal SAW has recently launched its Jindal ITF (infrastructure, transportation, fabrication) subsidiary.

Products of the company:

Large diameter pipes -

   • Line pipes    • Anti-corrosion coatings   • Conversion casings   • Hot-pulled induction bends

Ductile iron (DI) pipes -

   • Seamless tubes

Milestones:

  •  1986: Country’s first LSAW pipes (U-O-E) mill for line pipes commissioned at Kosi Kalan with API and ISO accreditation. 
  • 1992: Bevelling unit commissioned at Kosi Kalan. SAW pipes, USA incorporated and commissioned. 
  • 1993: First major supply of NACE pipes for offshore line.  
  • 1994: Seamless pipes and tubes division commissioned at Nashik. 3LPE/FBE coating plant commissioned at Kosi Kalan.  
  • 1995: First export order is executed for line pipes. 
  • 1996: CTE mobile coating plant commissioned at Kosi Kalan.  
  • 1997: Hot induction bends unit established at Kosi Kalan. Start-up of four-meter-wide plate mill at Baytown, USA. 
  • 1999: Port-based 100% export oriented LSAW & HSAW line pipe plants commissioned at Mundra with API and ISO accreditation.  internal coating plant  commissioned  at Kosi Kalan. 
  • 2000: 3LPE/FBE coating plant commissioned at Mundra. Internal coating plant commissioned at Mundra. 
  • 2002: Concrete weight coating plant re-commissioned at Mundra. Bevelling unit commissioned at Mundra.  
  • 2003: Additional plant for 3LPE/FBE commissioned at Mundra.  
  • 2004: Third LSAW manufacturing facility commissioned at Samaghogha near Port Mundra with accreditation from API and ISO.  
  • 2005: Start-up of integrated pipe unit ductile iron pipe manufacturing plant of 200,000 MT per annum capacity along with blast furnace of 250,000 MT per annum capacity and a coke-oven plant.
  • 2009- Commissioning of seventh Pipe mill manufacturing LSAW using JCO forming in Nanakapaya - Port Mundra with capacity of 300,000 MT per annum
  • 2010
  • Jindal SAW Ltd receives Environment Clearance for its Dhedwas Mine in Bhilwara, Rajasthan.
  • 2011
  • Commissioning of 8th Pipe mill manufacturing HSAW (Spiral) pipe at Kosi Kalan, Mathura, U.P. with capacity of 150,000 MT per annum This mill is commissioned to cater to the water sector.



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