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Jindal Saw Limited (JINDALSAW.NS)

INR255.55 -3.30 (-1.27%)
IN NSE Basic Materials Steel
Address Jindal Centre 110066
New Delhi, IN
CEO Vinay Kumar Gupta
Website jindalsaw.com
IPO 2002-07-01
ISIN INE324A01032

Explore sections of this company profile

Also trades on Bombay Stock Exchange · JINDALSAW.BO (INR) National Stock Exchange of India · JINDALSAW.NS (INR)
Description

Jindal Saw Limited, along with its associated companies, stands as a leading global manufacturer and supplier of iron and steel piping, pellets, and related accessories, with operations spanning India and international markets. The company's business activities are organized into distinct segments: Iron and Steel Products, Waterways Logistics, and a general 'Others' category. Its extensive product range includes submerged arc welded (SAW) pipes, vital for conveying oil, natural gas, slurry, and water. It also produces ductile iron (DI) pipes and fittings, critical for water and wastewater infrastructure. Furthermore, Jindal Saw manufactures a diverse array of carbon, alloy, and stainless steel pipes and tubes, widely adopted across sectors such as petroleum, exploration, sugar processing, general steel manufacturing, bearing production, automotive, general engineering, power generation, and various process industries. Supporting this, the company operates an iron ore mine and a pellet production facility. Additional offerings comprise high-precision stainless steel strips, used in components for automobiles, timepieces, and electrical equipment, alongside drill pipes and soft magnetic nickel alloys. Value-added services such as anti-corrosion pipe coatings and induction bending are also provided. The company's stainless and carbon steel tubes and welded pipes serve key applications in the oil and gas, pulp and paper, food processing, pharmaceuticals, water and sanitation, petrochemical, boiler, heat exchanger, and general engineering markets. Beyond manufacturing, Jindal Saw is active in waterborne transportation, which includes the construction and repair of barges and ships, as well as inland shipping. Its varied interests also encompass business process outsourcing (BPO), call center and advisory services, helical anchor manufacturing, real estate management, tools and fittings production, deep-sea transloading, and information technology services. Founded in 1984, Jindal Saw Limited is headquartered in New Delhi, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR255.55 -3.30 (-1.27%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.33
Float Shares
231.46M
Free Float %
36.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+6.72% -3.83% +1.99% +24.65% +47.95% +42.02% -0.35% +95.33% +326.81% +958.12% +2,579.78%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
255.55
DCF (Unlevered) 916.09 +258.5%
DCF (Levered) 790.24 +209.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-06 Change
Strong Buy 0 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.18
Grey zone
Piotroski F-Score
4 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Steel: +1.2%
    -14.1% Q1'26: -8.2% (vs Q1'25)
  • ✗
    EPS growth Steel: +17.4%
    -44.1% Q1'26: -52.2% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Steel: +44.2%
    +4.0% Q1'26: -17.3% (vs Q1'25)
  • ✗
    EBIT margin Steel: +5.8%
    +9.5% ★ Q1'26: +5.7% (vs Q1'25)
  • ✗
    ROIC Steel: +4.3%
    +8.9% ★ Q1'26: +4.6% (vs Q1'25)
  • ✗
    Share dilution Steel: +0.0%
    +0.1% Q1'26: +0.1% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Steel: 0.57×
    2.02× Q1'26: 2.67× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.33) × ERP
WACC = 76% × Ke + 24% × Kd (13.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 908.12 Current price: 255.55
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2010
actual 		Mar 2011
actual 		Mar 2012
actual 		Mar 2013
actual 		Mar 2014
actual 		Mar 2015
actual 		Mar 2016
actual 		Mar 2017
actual 		Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
2 Rev. Ana.
2 EPS Ana. 		Mar 2027
2 Rev. Ana.
2 EPS Ana. 		Mar 2028
2 Rev. Ana.
2 EPS Ana. 		Mar 2029
1 Rev. Ana.
Revenue
73.15B
est: 64.22B (+13.9%)
47.47B
est: 50.90B (-6.7%)
60.36B
est: 55.78B (+8.2%)
67.65B
est: 69.30B (-2.4%)
66.56B
est: 68.41B (-2.7%)
82.08B
est: 77.45B (+6.0%)
77.03B
est: 83.00B (-7.2%)
70.70B
est: 58.27B (+21.3%)
85.07B
est: 76.14B (+11.7%)
121.17B
est: 89.43B (+35.5%)
116.27B
est: 108.38B (+7.3%)
106.64B
est: 82.74B (+28.9%)
132.98B
est: 120.53B (+10.3%)
178.68B
est: 171.05B (+4.5%)
209.58B
est: 211.12B (-0.7%)
208.29B
est: 214.97B (-3.1%)
183.25B
180.77B – 185.74B
-14.8% YoY
187.82B
179.17B – 196.46B
+2.5% YoY
214.67B
213.88B – 215.46B
+14.3% YoY
256.63B
250.65B – 262.62B
+19.5% YoY
EBITDA
17.04B
est: 7.88B (+116.3%)
8.14B
est: 6.77B (+20.2%)
5.92B
est: 6.52B (-9.2%)
6.30B
est: 4.87B (+29.4%)
6.84B
est: 731.55M (+835.4%)
8.11B
est: -69.71M (+11,741.2%)
7.10B
est: -193.13M (+3,774.9%)
7.97B
est: 7.15B (+11.5%)
10.37B
est: -181.63M (+5,810.3%)
14.45B
est: 10.97B (+31.8%)
14.50B
est: 13.93B (+4.1%)
11.62B
est: 10.15B (+14.5%)
13.32B
est: 14.78B (-9.9%)
15.99B
est: 6.36B (+151.5%)
31.68B
est: 25.89B (+22.4%)
34.03B
est: 39.15B (-13.1%)
33.37B
32.92B – 33.82B
-14.8% YoY
34.20B
32.63B – 35.78B
+2.5% YoY
39.09B
38.95B – 39.23B
+14.3% YoY
46.73B
45.64B – 47.82B
+19.5% YoY
EBIT
15.45B
est: 5.91B (+161.5%)
7.59B
est: 8.79B (-13.7%)
5.04B
est: 7.68B (-34.4%)
4.11B
est: 4.39B (-6.4%)
3.63B
est: 1.82B (+99.0%)
4.81B
est: 2.98B (+61.1%)
3.86B
est: 5.50B (-29.7%)
4.62B
est: 5.36B (-13.8%)
6.76B
est: 5.17B (+30.7%)
10.51B
est: 8.23B (+27.8%)
10.47B
est: 9.97B (+5.0%)
7.32B
est: 7.40B (-1.1%)
8.88B
est: 11.09B (-20.0%)
11.47B
est: 7.84B (+46.3%)
26.20B
est: 19.43B (+34.9%)
28.22B
est: 31.04B (-9.1%)
26.46B
26.10B – 26.82B
-14.8% YoY
27.12B
25.87B – 28.37B
+2.5% YoY
30.99B
30.88B – 31.11B
+14.3% YoY
37.05B
36.19B – 37.92B
+19.5% YoY
Net Income
6.79B
est: 13.13B (-48.3%)
4.44B
est: 5.39B (-17.5%)
1.88B
est: 4.85B (-61.2%)
673.45M
est: 2.35B (-71.3%)
-855.42M
est: -186.59M (-358.4%)
-144.75M
est: -725.43M (+80.0%)
-401.64M
est: -151.48M (-165.1%)
1.14B
est: 2.96B (-61.6%)
1.78B
est: -142.46M (+1,352.9%)
8.50B
est: 4.73B (+79.6%)
5.55B
est: 7.15B (-22.4%)
3.19B
est: 2.49B (+28.0%)
4.12B
est: 4.10B (+0.3%)
6.44B
est: 4.58B (+40.6%)
16.77B
est: 19.42B (-13.6%)
17.38B
est: 21.88B (-20.5%)
10.99B
10.72B – 11.27B
-49.8% YoY
10.76B
10.00B – 11.52B
-2.1% YoY
15.77B
14.20B – 18.14B
+46.6% YoY
—
— – —
-100.0% YoY
SGA
4.86B
est: 4.91B (-1.0%)
2.76B
est: 5.80B (-52.4%)
3.83B
est: 5.73B (-33.2%)
8.68B
est: 8.09B (+7.3%)
9.89B
est: 10.91B (-9.3%)
7.31B
est: 13.18B (-44.5%)
8.47B
est: 18.52B (-54.3%)
8.48B
est: 4.45B (+90.5%)
8.06B
est: 17.41B (-53.7%)
9.60B
est: 6.83B (+40.6%)
9.89B
est: 36.26B (-72.7%)
9.24B
est: 6.32B (+46.2%)
10.39B
est: 9.21B (+12.9%)
12.20B
est: 22.58B (-46.0%)
15.37B
est: 16.13B (-4.7%)
15.76B
est: 22.31B (-29.4%)
19.01B
18.76B – 19.27B
-14.8% YoY
19.49B
18.59B – 20.39B
+2.5% YoY
22.27B
22.19B – 22.36B
+14.3% YoY
26.63B
26.01B – 27.25B
+19.5% YoY
EPS
12.68
est: 20.56 (-38.3%)
7.94
est: 17.41 (-54.4%)
3.43
est: 12.09 (-71.7%)
2.44
est: 10.34 (-76.4%)
-1.55
est: 4.55 (-134.1%)
-1.07
est: 2.31 (-146.4%)
0.27
est: 3.23 (-91.6%)
3.07
est: 4.64 (-33.8%)
2.96
est: 4.34 (-31.8%)
13.49
est: 7.41 (+82.1%)
8.68
est: 11.20 (-22.5%)
5.01
est: 3.90 (+28.5%)
6.48
est: 6.43 (+0.9%)
10.14
est: 8.00 (+26.8%)
26.38
est: 30.40 (-13.2%)
27.31
est: 34.23 (-20.2%)
17.20
16.77 – 17.63
-49.8% YoY
16.83
15.65 – 18.02
-2.1% YoY
25.30
22.21 – 28.39
+50.3% YoY
—
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-06-11 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-06-10 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-06-09 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-06-08 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-06-05 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-06-04 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-06-03 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-06-02 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-06-01 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-29 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-27 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-26 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-25 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-22 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-21 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-20 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-19 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-18 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-15 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-14 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-13 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-12 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-11 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-08 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-07 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-06 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-05 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-05-04 A 4/5 5/5 4/5 5/5 2/5 3/5 4/5
2026-04-30 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-29 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-28 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-27 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-24 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-23 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-22 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-21 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-20 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-17 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-16 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-7.34B
OE per share TTM
-11.48
Owner's Yield
-4.83%
Maintenance CapEx ratio
108.77%
Maint CapEx / Avg PPE
54.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 13 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.02% 2.18M 0.06%
2 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 69.2K 0.48%
3 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 156.0K 0.26%
4 Vanguard FTSE Emerging Markets ETF VWO 0.00% 7.70M 0.06%
5 Vanguard Total International Stock ETF VXUS 0.00% 8.50M 0.05%
6 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 12.4K 0.22%
7 Vanguard Total World Stock ETF VT 0.00% 406.2K 0.06%
8 Vanguard All-Equity ETF Portfolio VEQT.TO 0.00% 37.3K 0.22%
9 Vanguard Growth ETF Portfolio VGRO.TO 0.00% 20.0K 0.22%
10 Vanguard Balanced ETF Portfolio VBAL.TO 0.00% 8.8K 0.22%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.26M
Shares Outstanding
637.62M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Sminu Jindal MD & Executive Director 40M female
Tripti Jindal Arya Joint MD & Whole-Time Director 20M female
Shraddha Prithvi Rj Joint MD & Whole-Time Director 20M female
Jai Prakash Gupta President & Head of NRM Procurement — male
Maneesh Kumar President and Global Marketing & Business Head of DI Business — male
Narendra Mantri President of Commercial, Chief Operating Officer & Chief Financial Officer — male
Rajeev Goyal Vice President of Corporate Finance — male
Rajesh Taneja Chief Human Resources Officer — male
Sanjeev Dheer Global Head Marketing - Seamless, Stainless Pipes & Tubes — male
Soumyajyoti Sarkar President & Unit Head — male
Vijesh Chawla President of Marketing — male
Balwant Rai Sachdeva President and Head of RM Proc, Logistics & Pellet — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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