Jindal Saw Ltd.

NSE: JINDALSAW · Iron & Steel Products

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52W Range₹153 – ₹320

Snapshot

Unlock Jindal Saw Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Jindal Saw Limited is a diversified manufacturer specialising in iron and steel pipes, pellets, and related accessories for the oil, gas, and water infrastructure sectors. The company operates across multiple segments, including iron and steel products, waterways logistics, and various ancillary business services.

Business Model

The company generates revenue through the manufacturing and supply of high-value steel pipes and tubes, alongside integrated services such as anti-corrosion coating and induction bending. It further diversifies its income streams through waterways logistics, ship repair, and various industrial support services.

Growth Outlook

Growth is primarily driven by sustained demand for large-diameter pipes in global energy infrastructure and domestic water transportation projects. The company continues to leverage its iron ore mining and pellet plant capabilities to maintain vertical integration and cost efficiency.

Key Risks

  • Commodity Price Volatility. Fluctuations in the prices of iron ore and steel can significantly impact the company's profit margins.
  • Cyclical Demand. The company's performance is highly sensitive to capital expenditure cycles in the global oil, gas, and infrastructure sectors.
  • Regulatory and Environmental Risks. Operations involving mining and heavy manufacturing are subject to stringent environmental regulations and potential policy shifts.
  • Geopolitical Instability. As an international supplier, the company faces risks related to trade barriers, tariffs, and geopolitical tensions affecting global supply chains.

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Key Metrics

REVENUE

₹18,501 Cr

TTM · consolidated

-0.7%YoY

NET PROFIT

₹497 Cr

TTM · consolidated

-55.6%YoY

EPS

₹8.61

TTM · consolidated

-60.1%YoY

RETURN ON EQUITY

4.0%

TTM · consolidated

-5.3 ppYoY

RETURN ON CAPITAL EMPLOYED

8.1%

TTM · consolidated

-7.5 ppYoY

P/E

28.3×

Q2 FY27 · consolidated

28.3 vs 14.1x5Y avg

EV/EBITDA

9.8x

Q2 FY27 · consolidated

9.8 vs 9.1x5Y avg

EBITDA MARGIN

10.1%

TTM · consolidated

-5.4 ppYoY

NET PROFIT MARGIN

0.8%

Q2 FY27 · consolidated

-2.5 ppYoY

DEBT TO EQUITY

0.3x

Q2 FY27 · consolidated

-0.10xYoY

Peers · Iron & Steel Products

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Jindal Saw Ltd.JINDALSAW
₹14,584 Cr28.3×9.83-0.7%10.1%4.0%8.1%+38.9%
Ratnamani Metals & Tubes LimitedRATNAMANI
₹16,256 Cr39.4×19.60-16.3%19.5%13.3%16.5%+0.3%
Usha Martin Ltd.USHAMART
₹13,588 Cr27.6×16.258.5%21.6%16.8%21.1%-1.2%
Gallantt Ispat LimitedGALLANTT
₹13,465 Cr30.6×19.835.5%15.5%12.4%16.2%-1.5%
Godawari Power & Ispat Ltd.GPIL
₹12,982 Cr14.8×9.588.4%23.5%15.1%20.0%-31.8%
Jayaswal Neco Industries LimitedJAYNECOIND
₹8,454 Cr12.7×6.2918.3%19.3%23.4%35.5%+15.7%

As of Q2 FY27

Financials