Companies›Industrials›Capital Goods›Industrial Products
NSE:JINDALSAW

JINDAL SAW LIMITED

Capital Goods › Industrial Products·NIFTY 500NIFTY MIDSMALLCAP 400NIFTY MIDSMALLCAP400 50:50NIFTY SMALLCAP 250+4
₹240.75
at close · 28 Oct 2026
▼ 5.25 (-2.13%)
ThemesDefence· mention

Latest filings

  1. Jindal Saw schedules virtual meeting with ICICI Prudential Mutual Fund · Board & Shareholder Meetings
  2. Q2 margins fall; confirmed and tentative orders near INR 17,000 crore · Investor Communications
  3. Jindal Saw to meet Equirus Securities on Oct 27 in New Delhi · Board & Shareholder Meetings
All filings ↓
Ask Nexa about JINDAL SAW LIMITED

Snapshot

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

AI · written from filings

Manufactures pipes used in water, oil and gas pipeline infrastructure. The product mix spans seamless pipes (API-monogram certified for global oil and gas majors), ductile iron pipes for water supply, and large-diameter welded pipes (LSAW/HSAW). Iron & Steel accounted for 99.4% of segment revenue in the most recent reported quarter, with the remainder in 'Others'. The standalone order book stood at about 1.78 million tons, with roughly 30% from exports. The company is expanding overseas capacity through a wholly-owned Abu Dhabi seamless pipe project and a Saudi Arabia JV with Buhur Group; near-term volumes were hit by the suspension of MENA export shipments due to a Strait of Hormuz disruption, a five-month API license suspension (reinstated June 2026), and slow domestic Jal Jeevan Mission execution. Materials at 59.4% of revenue are the dominant cost, followed by other operating expenses at 22.3% and employees at 9.1%.

Revenue mix · reported segments
Iron & Steel99.4%
Others0.6%
Operating scale
Abu Dhabi seamless plant capacity
300,000 TPA (~USD 300M project cost, FY29 commercial target)FY29 target
Saudi JV (Buhur) pipe capacity
300,000 TPA LSAW + 300,000 TPA HSAW (51:49 JV)FY28-FY29 commissioning
Abu Dhabi subsidiary order book
~USD 180M / ~171,000 MT (~9 months visibility)Q1 FY27
Nashik seamless expected run-rate
70,000-80,000 tons per quarterFrom Oct 2026
UAE subsidiary Q1 DI pipe shipments
~34,000 metric tonsQ1 FY27
Abu Dhabi subsidiary monthly dispatch range
10,000-12,000 tons (road-only supply)Near-term
Who pays it
Global oil and gas majors, Indian state water utilities (Jal Jeevan Mission) and MENA pipeline/water infrastructure buyers
Biggest cost
Iron and steel raw materials at 59.4% of revenue
Kind of business
Cyclical, capital-intensive pipe manufacturer with overseas expansion
Where it sits
Indian producer of large-diameter pipes (seamless, LSAW/HSAW, ductile iron) for water and hydrocarbon transmission
Market Cap
₹15,396 Cr
P / E (TTM)
23.5×
EV / EBITDA
9.7×
Div Yield
0.83%
Growth
10.9%▲
Revenue 5y CAGR
PAT +23.1% · EBITDA +9.7%
Quality
13.2%▲
ROCE (5y median)
ROE 7.5% (5y median) · margin 12.9%
Leverage
0.38·
Debt / Equity · low
Net debt ₹4,284 Cr
Revenue FY21→FY26
1.7×▲
Margin +2.1 pts
₹10,664 Cr → ₹17,895 Cr
Cash conversion
1.75×▲
Operating cash ÷ profit · 5 yrs
₹8,390 Cr on ₹4,795 Cr
Moves on a normal day
1.53%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#67/105
P/B#45/101
ROCE#70/115
ROE#56/103
Debt / Equity#70/101
EBITDA margin#56/100
Revenue growth#57/97
Profit growth#95/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Profit compounding 23% a year over 5 years
Over 5 years it reported ₹4,795 Cr of profit and ₹8,390 Cr of operating cash — 1.75×
Profit is converting into cash
Concerns
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

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

JINDALSAW · price

Loading chart…

▲ 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?

Loading peers…

Financials

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

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from JINDAL SAW LIMITED's filed financials and exchange disclosures

What does JINDAL SAW LIMITED do?

JINDAL SAW LIMITED is a Industrial Products company listed on NSE and BSE, trading under the symbol JINDALSAW.

Is JINDAL SAW LIMITED profitable?

Yes. Over the trailing twelve months JINDAL SAW LIMITED reported a net profit of ₹601 Cr on revenue of ₹18,263 Cr.

Does JINDAL SAW LIMITED pay a dividend?

Yes. The dividend yield is 0.83% at the current price. It paid out 14% of its profit as dividend in FY26.

Is JINDAL SAW LIMITED debt-free?

No. It reported borrowings of ₹4,691 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹4,284 Cr after cash. Debt stands at 0.38× equity. That is higher than 69% of its 101 Iron & Steel Products peers.

Is JINDAL SAW LIMITED expensive compared with its peers?

On trailing P/E, JINDAL SAW LIMITED ranks 67 of 105 in Iron & Steel Products — cheaper than 37% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

How much does the JINDAL SAW LIMITED share price move in a day?

On a typical session JINDAL SAW LIMITED moves 1.53% — 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 SAW LIMITED's announcements?

Every NSE and BSE filing by JINDAL SAW LIMITED 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.