NSE: JINDWORLD · BSE: 531543
JINDAL WORLDWIDE LTD
Sells textiles and apparel, which made up 99.6% of FY26 segment revenue at Rs 2,276.90 crore, with the remainder coming from a small electric-two-wheeler business. The textile segment ran at a 6.3% segment EBIT margin, while the electric-vehicle segment generated Rs 8.64 crore of revenue and was loss-making at the EBIT level. Through subsidiary Jindal Mobilitric, the company is set to begin commercial dispatches of an electric scooter called the R40 (165 km claimed range) from an Ahmedabad plant that has 2.5 lakh unit annual capacity with in-house battery production. The EV business carried an initial order book of around 1,000 units across 35 dealerships, with management targeting FY27 revenue of about Rs 100 crore and FY28 of about Rs 350 crore. Raw materials are the dominant cost at 72.4% of revenue, leaving employee cost at 2.8% and other operating expenses at 12.3%. In Q1 FY27, standalone revenue rose roughly 19% year-on-year to Rs 56,872 lakhs, and management expects textile exports to grow 15-20% in FY27 after the India-UK FTA eliminated tariffs on Indian textile and apparel shipments to the UK. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Textiles (100%), Electric Vehicles (0%). Textile-led, materials-heavy business with a small, loss-making electric-two-wheeler side bet
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,559 | 2,070 | 1,814 | 2,288 | 2,286 |
| EBITDA (ex other income) | 216 | 238 | 183 | 195 | 134 |
| margin % | 8.5 | 11.5 | 10.1 | 8.5 | 5.9 |
| Owners' profit | 109 | 116 | 76 | 75 | 65 |
| EPS, as reported (₹) | 5.90 | 5.77 | 3.77 | 0.76 | 0.70 |
| ROE % · ROCE % | 20.4 · 29.4 | 17.8 · 21.9 | 10.5 · 16.2 | 9.6 · 17.0 | 8.1 · 13.8 |
| Debt / equity (x) | 1.12 | 1.29 | 1.23 | 1.01 | 0.65 |
| Cash from operations | (95) | 306 | 5 | 167 | 216 |
| Capex | (4) | (210) | (33) | (22) | (24) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 571 | 624 | 606 | 540 | 573 | 532 | 640 | 555 |
| Profit before tax | 24 | 25 | 31 | 23 | 17 | 15 | 29 | 36 |
| Net profit | 17 | 18 | 22 | 17 | 12 | 14 | 26 | 32 |
| EPS (₹) | 0.86 | 0.92 | 0.22 | 0.17 | 0.12 | 0.14 | 0.26 | 0.32 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Textiles | 2,277 | 99.6 |
| Electric Vehicles | 8 | 0.3 |
| Electric Vehicles | 1 | 0.0 |
| Total, before eliminations | 2,286 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,325 | 40.9 | 6.55 | 27.0 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,367 | 74.1 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,669 | 17.0 | 1.39 | 11.3 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 10,870 | 27.4 | 2.28 | 13.4 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,471 | 56.1 | 3.60 | 20.4 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,310 | 35.3 | 5.40 | 22.9 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,207 | 22.0 | 2.80 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,178 | 68.8 | 2.23 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 43.5 | 16.8 | 139 of 179 | 23% |
| P/B | 4.3 | 1.1 | 165 of 185 | 11% |
| ROCE | 9.0 | 4.3 | 60 of 215 | 72% |
| ROE | 8.1 | 4.7 | 61 of 188 | 68% |
| Debt / Equity | 0.7 | 0.4 | 120 of 188 | 36% |
| EBITDA margin | 8.7 | 9.8 | 112 of 198 | 44% |
| Revenue growth | 2.7 | 6.9 | 107 of 192 | 45% |
| Profit growth | 85.8 | 20.0 | 61 of 203 | 70% |
| Market cap | 3660 | 61 | 10 of 223 | 96% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 10 Oct 2026 · Reg 74(5) compliance certificate for quarter ended Sept 30, 2026 | compliance | minimal | — | — |
| 30 Sept 2026 · Two new Independent Directors appointed at Jindal Worldwide | management changes | medium | — | — |
| 30 Sept 2026 · Trading window closed from Oct 1, 2026 till Q2 results announcement | compliance | minimal | — | — |
| 2 Sept 2026 · MD and Director re-appointed at Jindal Worldwide after AGM approval | management changes | high | — | — |
| 2 Sept 2026 · AGM 2026: All 5 resolutions passed with over 99.8% approval | compliance | minimal | — | — |
| 1 Sept 2026 · Jindal Worldwide 40th AGM held; resolutions on capital hike and MD re-appointment | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Jindal Mobilitric subsidiary targets 100 EV showrooms by FY28 | compliance | low | — | — |
| 29 Aug 2026 · Jindal Worldwide grants Rs 15 Cr corporate guarantee for subsidiary | credit debt | medium | — | — |
| 28 Aug 2026 · Clarification on increase in trading volume | compliance | minimal | — | — |
| 28 Aug 2026 · BSE seeks clarification from Jindal Worldwide on volume movement | regulatory legal | high | — | — |
How to read this document
| 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 | 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 |
Sources, method and disclosures
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.