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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Drilling services, Joint venture operations. Asset-heavy, cyclical offshore drilling services
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 420 | 512 | 617 | 828 | 997 |
| EBITDA (ex other income) | 106 | 175 | 199 | 237 | 345 |
| margin % | 25.3 | 34.2 | 32.3 | 28.7 | 34.6 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 22.25 | 33.43 | 17.65 | 74.50 | 72.67 |
| ROE % · ROCE % | 5.4 · 6.3 | 7.4 · 10.2 | 3.8 · 9.9 | 13.6 · 11.0 | 11.6 · 11.5 |
| Debt / equity (x) | 0.18 | 0.16 | 0.22 | 0.10 | 0.05 |
| Cash from operations | 196 | 64 | (44) | 864 | 178 |
| Capex | (193) | (15) | (14) | (835) | (51) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 173 | 239 | 245 | 254 | 238 | 242 | 263 | 275 |
| Profit before tax | 21 | 65 | 71 | 76 | 162 | (49) | 44 | 71 |
| Net profit | 34 | 66 | 72 | 66 | 133 | (33) | 45 | 47 |
| EPS (₹) | 11.90 | 22.76 | 24.71 | 22.81 | 45.73 | (11.52) | 15.66 | 16.27 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DOLPHIN OFF ENT (IND) L | 2,652 | 36.8 | 7.50 | 31.7 | 19.4 | 10.8 | — | 59.1 |
| JINDAL DRILLING IND. LTD ◆ | 1,848 | 9.6 | 1.02 | 5.0 | 11.6 | 11.1 | 20.2 | 40.3 |
| ALPHAGEO (INDIA) LIMITED | 200 | — | 0.79 | — | (5.5) | (7.4) | (4.8) | 27.6 |
| AAKASH EXPLORATION SER L | 93 | 17.9 | 1.55 | 6.2 | 2.2 | 2.6 | — | 10.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 25 Aug 2026 · Jindal Drilling 42nd AGM on 15 Sep 2026 via VC; Annual Report link shared | compliance | minimal | — | — |
| 25 Aug 2026 · 42nd AGM notice published; e-voting from Sep 11-14, 2026 | compliance | minimal | — | — |
| 24 Aug 2026 · Business Responsibility and Sustainability Report for FY 2025-26 filed | business updates | medium | — | — |
| 24 Aug 2026 · 42nd AGM notice and FY26 annual report filed | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Jindal Drilling 42nd AGM on Sep 15, 2026; FY26 PAT up 23% at Rs 172.6 cr | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Jindal Drilling sets Sept 15 AGM, Re.1 dividend, record date Sept 1 | compliance | minimal | — | — |
| 10 Aug 2026 · Q1 FY27 earnings call audio recording shared | investor communications | medium | — | — |
| 10 Aug 2026 · Jindal Drilling Q1 FY27: Revenue Rs 283 cr, Order Book Rs 1,310 cr | investor communications | medium | — | — |
| 8 Aug 2026 · Newspaper Publication of Q1 FY27 Unaudited Financial Results | compliance | minimal | — | — |
| 7 Aug 2026 · Record date fixed for FY26 dividend - 1 September 2026 | corporate actions | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.6 | 26.6 | 3 of 16 | 87% |
| P/B | 1.0 | 2.1 | 4 of 16 | 80% |
| ROCE | 11.1 | 6.4 | 5 of 17 | 75% |
| ROE | 11.6 | 8.5 | 6 of 16 | 67% |
| Debt / Equity | 0.1 | 0.1 | 7 of 16 | 60% |
| EBITDA margin | 40.3 | 28.0 | 7 of 15 | 57% |
| Revenue growth | 8.4 | 45.2 | 14 of 15 | 7% |
| Profit growth | (28.7) | 37.6 | 12 of 16 | 27% |
| Market cap | 1848 | 2449 | 10 of 17 | 44% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
