Jindal Saw Limited

Jindal Saw Limited

JINDALSAW.NS
Jindal Saw LimitedIN flagNational Stock Exchange of India
275.80
INR
+3.50
- -
175.86BMarket Cap
Jindal Saw Limited
JINDALSAW.NS
(National Stock Exchange of India)

Recent

price

275.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
83.08
107.65
120.4
118.66
139.01
124.16
106.3
127.82
182.79
174.83
161.39
199.7
269.03
316.01
314.79
271.03
313.88
Revenue per Share
8.05
3.42
-0.34
-1.55
-0.27
-0.7
1.63
2.79
13.29
8.68
5.01
6.48
10.14
26.38
27.31
15.27
27.05
Basic EPS, GAAP
-14.47
-5.35
4.02
0.82
-17.48
6.29
13.62
4.55
16.41
17.09
18.33
-5.98
20.35
27.21
20.48
10.91
- -
Free Cash Flow per Basic Share
0.81
0.59
0.58
0.58
0.55
0.57
0.6
0.55
0.76
1.2
0.99
0.99
0.99
1.57
2
1.99
- -
Dividend per Share
3.75
4.06
2.12
26.35
20.82
18.1
21.99
24.12
36.65
43.85
47.67
53.19
61.91
86.74
107.52
123.48
- -
Book Value per Share
73.09
64.16
63.66
93.36
92.75
79.77
82.15
81.19
92.12
98.16
102.62
107.61
113.48
146.27
171.04
191.68
- -
Tangible Book Value per Share
552
552
552
552
580
640
640
640
640
639
636
636
635
636
637
637
636
Basic Weighted Avg Shares
45,863
59,473
66,518
65,556
80,675
79,404
67,978
81,745
116,898
111,789
102,671
126,920
170,929
200,922
200,396
172,764
199,745
Sales/Revenue/Turnover
15.33
8.48
5.88
4.88
6.28
4.41
5.7
7.68
8.99
9.03
7.01
6.87
6.6
12.91
13.87
8.97
13.28
Operating Margin (%)
1,638
1,818
2,190
3,213
3,357
3,291
3,474
3,659
3,963
4,217
4,589
4,730
4,703
5,680
6,021
6,305
6,073
Depreciation Expense
4,445
1,891
-189
-855
-145
-402
1,138
1,785
8,502
5,548
3,188
4,117
6,439
16,770
17,384
9,734
17,214
Net Income, GAAP
22.96
33.12
163.48
- -
272.24
- -
32.5
99.54
21.43
1.14
34.36
39.52
37.21
28.11
37.93
13.98
31.75
Effective Tax Rate (%)
9.69
3.18
-0.28
-1.3
-0.18
-0.51
1.67
2.18
7.27
4.96
3.11
3.24
3.77
8.35
8.67
5.63
8.62
Profit Margin (%)
13,006
23,418
1,046
11,224
12,046
6,687
8,555
11,196
6,312
-226
2,926
1,283
9,368
19,782
31,221
37,849
- -
Working Capital
7,266
9,687
28,438
34,308
42,637
40,471
33,022
33,115
26,331
26,149
25,298
20,547
19,553
22,389
17,489
21,064
- -
LT Debt
40,914
35,529
36,841
51,996
54,350
51,164
52,595
52,000
59,001
62,889
65,394
68,491
72,789
93,671
109,541
122,827
- -
Total Equity
10.05
5.59
-3.38
- -
-7.1
- -
2.17
0.03
7.13
8.48
3.98
4.28
5.67
13.72
11.2
8.15
- -
Return on Invested Capital (%)
34.49
11.21
-3.68
- -
-9.96
- -
6.3
4.92
17.38
14.45
7.11
7.99
13.24
23.19
21.26
11.82
59.27
Return on Capital (%)
245.76
87.75
-11.07
-10.88
-1.19
-3.76
8.14
12.11
43.76
21.55
10.93
12.84
17.61
35.5
28.13
13.23
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
30,760
- -
LT Borrowings
- -
15,491
- -
LT Finance Leases
- -
1,999
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
637
- -
Market Capitalization
185,451
171,860
153,225

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
101,054
- -
Cash, Cash Equivalents & STI
- -
6,579
- -
Accounts Receivable, Net
- -
35,638
- -
Inventories
- -
49,205
- -
Total Current Liabilities
- -
69,833
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
30,760
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.45%
13.75%
12.13%
Free Cash Flow
-28.86%
-122.05%
-46.67%
Net Income, GAAP
17.83%
41.12%
-44.01%
Sales/Revenue/Turnover
9.81%
12.36%
-13.79%
Total Cash Common Dividend
17.6%
17.17%
-0.17%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
44,102
54,662
56,561
45,603
200,922
2025
49,391
55,719
52,713
50,466
200,396
2026
40,847
49,434
46,335
- -
172,764

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.16
5.93
8.39
- -
26.38
2025
6.93
7.85
7.96
4.58
27.31
2026
6.66
4.05
2.19
- -
15.27

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.57
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
1.99
Business
Jindal Saw Limited is a leading global manufacturer and supplier of iron and steel pipe products, fittings, and accessories, with manufacturing facilities across India, the USA, Europe, and the Middle East. The company specializes in large-diameter longitudinal submerged arc welded (LSAW) pipes, helically submerged arc welded (HSAW) spiral pipes, ductile iron (DI) pipes and fittings, carbon and alloy steel pipes, seamless pipes, and various pellets used primarily in energy transportation, water, wastewater, and infrastructure sectors. Founded in 1984 and headquartered in New Delhi, India, Jindal Saw operates under the umbrella of the O.P. Jindal Group and serves global markets including India, the Middle East, North America, and Europe. In the last two years, Jindal Saw has focused on expanding its international footprint with strategic investments and partnerships. Notably, the company approved $118 million in capital expenditure projects to establish a 300,000 tonnes per annum seamless pipe manufacturing facility in Abu Dhabi, UAE, aimed at servicing the oil and gas sector in the MENA region. This expansion aligns with its strategy to strengthen regional supply chains near key energy markets. Additionally, the company has entered into joint ventures in Saudi Arabia to support the “Made in KSA” initiative and has expanded ductile iron and seamless pipe capacities to support future growth. Jindal Saw maintains a robust order book valued at approximately $1.3 billion, supported by major contracts in Saudi Arabia and strong demand in the energy and infrastructure sectors. Jindal Saw serves diverse industries through its core product segments: energy sector pipeline solutions, water and wastewater transportation through its ductile iron pipes, and infrastructure-oriented steel pipe products. The company’s recent strategic moves emphasize deepening market penetration in high-growth regions while leveraging its comprehensive product portfolio and advanced manufacturing capabilities to deliver large-scale pipeline projects and value-added customized solutions globally. These initiatives illustrate its commitment to innovation, operational expansion, and consolidation as a global pipe solutions provider. Jindal Saw also manages subsidiaries such as Jindal SAW Gulf LLC and Jindal SAW USA LLC to enhance its global reach and localized service offerings. Its business model integrates manufacturing excellence with strategic capital investments designed to sustain its leadership in iron and steel pipe manufacturing and supply worldwide. The company continues to be a key player in the industrial products and capital goods sectors, with a focus on long-term growth driven by infrastructure development and energy transportation requirements. Overall, Jindal Saw Limited stands as a comprehensive pipe solutions company with a diversified product range, strategic global expansions, and a strong presence in critical growth markets including India, the Middle East, North America, and Europe, all supported by recent capital investments and partnerships designed to fuel future revenue and operational scale.