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NSE:JINDRILL

JINDAL DRILLING IND. LTD

Oil Gas & Consumable Fuels › Oil
₹503.95
at close · 28 Oct 2026
▼ 3.90 (-0.77%)

Latest filings

  1. RTA certificate on share dematerialisation for Q2 FY27 · Compliance
  2. Trading Window Closed From October 1 Until Q2 Results Announcement · Compliance
  3. Jindal Drilling 42nd AGM: All 3 Resolutions Approved by Shareholders · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Provides offshore drilling services to oil and gas exploration companies, earning revenue by deploying rigs on contract. In FY26, revenue stood at Rs 996.57 crore and consolidated net profit at Rs 210.6 crore; standalone profit after tax rose to Rs 17,261 lakhs (up 22.6% year-on-year) on standalone revenue of Rs 99,657 lakhs (up 20.4%). The rig Jindal Pioneer received a Notification of Award from ONGC for a 3-year deployment at an effective day rate of about Rs 45.83 lakh, with total contract value approaching Rs 50 crore and operations expected to start in Q3 FY27 after refurbishment. Joint ventures Discovery Drilling Pte. Ltd and Virtue Drilling Pte. Ltd contributed Rs 3,799 lakhs to FY26 consolidated results. Cost structure is dominated by other operating expenses at 55.6% of revenue and depreciation at 15.1%, with employee costs at 9.4%, reflecting the asset-heavy rig fleet.

Operating scale
Rig day rate (ONGC contract)
About Rs 45.83 lakh (roughly USD 47,894)Q3 FY27 onwards
ONGC contract duration
3 yearsFY27 onwards
ONGC contract total value
Approaching Rs 50 crore3-year term
Joint venture profit contribution
Rs 3,799 lakhsFY26
Standalone revenue growth
Up 20.4% year-on-year to Rs 99,657 lakhsFY26
Standalone PAT growth
Up 22.6% year-on-year to Rs 17,261 lakhsFY26
Who pays it
ONGC (domestic public sector oil entity) and other oil and gas exploration companies served via overseas joint ventures
Biggest cost
Other operating expenses at 55.6% of revenue, covering rig operations, logistics and maintenance
Kind of business
Asset-heavy, cyclical offshore drilling services
Where it sits
Awarded a 3-year contract from ONGC for rig Jindal Pioneer; operates Singapore-based joint ventures Discovery Drilling Pte. Ltd and Virtue Drilling Pte. Ltd for offshore drilling
Market Cap
₹1,460 Cr
P / E (TTM)
7.6×
EV / EBITDA
4.0×
Div Yield
0.20%
Growth
20.2%▲
Revenue 5y CAGR
PAT — · EBITDA +43.8%
Quality
10.2%·
ROCE (5y median)
ROE 7.4% (5y median) · margin 39.2%
Leverage
0.05·
Debt / Equity · low
Net debt ₹93 Cr
Revenue FY21→FY26
2.5×▲
Margin +22.6 pts
₹398 Cr → ₹997 Cr
Cash conversion
1.97×▲
Operating cash ÷ profit · 5 yrs
₹1,258 Cr on ₹639 Cr
Moves on a normal day
1.25%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 16 Oil peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#2/15
P/B#4/15
ROCE#5/17
ROE#6/16
Debt / Equity#7/16
EBITDA margin#7/15
Revenue growth#14/15
Profit growth#12/16

Scorecard

Measured from the filed financials, judged against its Oil peers · as of FY26 — not investment advice

Strengths
Revenue compounding 20% a year over 5 years
Debt at 0.05× equity
lower than 60% of its 16 Oil peers
Over 5 years it reported ₹639 Cr of profit and ₹1,258 Cr of operating cash — 1.97×
Profit is converting into cash
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

JINDRILL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from JINDAL DRILLING IND. LTD's filed financials and exchange disclosures

What does JINDAL DRILLING IND. LTD do?

JINDAL DRILLING IND. LTD is a Oil company listed on NSE and BSE, trading under the symbol JINDRILL.

Is JINDAL DRILLING IND. LTD profitable?

Yes. Over the trailing twelve months JINDAL DRILLING IND. LTD reported a net profit of ₹192 Cr on revenue of ₹1,018 Cr.

Does JINDAL DRILLING IND. LTD pay a dividend?

Yes. The dividend yield is 0.20% at the current price. It paid out 1% of its profit as dividend in FY26.

Is JINDAL DRILLING IND. LTD debt-free?

No. It reported borrowings of ₹93 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹93 Cr after cash. Debt stands at 0.05× equity. That is lower than 60% of its 16 Oil peers.

Is JINDAL DRILLING IND. LTD expensive compared with its peers?

On trailing P/E, JINDAL DRILLING IND. LTD ranks 2 of 15 in Oil — cheaper than 93% of them, against an industry median of 21.8×. This is a position, not a valuation judgement.

How much does the JINDAL DRILLING IND. LTD share price move in a day?

On a typical session JINDAL DRILLING IND. LTD moves 1.25% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track JINDAL DRILLING IND. LTD's announcements?

Every NSE and BSE filing by JINDAL DRILLING IND. LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.