Jindal Drilling & Industries Ltd.

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jindal.comBSE: 511034NSE: JINDRILL

Market Cap₹ 1,951 Cr.

Current Price

High / Low₹ 694 / 440

Stock P/E10.2

Book Value₹ 646

Price to Book0.73

Dividend Yield0.15 %

ROCE15.3 %

ROE12.4 %

Face Value₹ 5

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AI Sector View

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Oil Gas & Consumable Fuels

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Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.

Confidence

78%

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PROS

Company is almost debt free
Promoters have been increasing their shareholding - up 2.5pp over 2 years
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 20.2% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.09x)

CONS

Recent results are weak - TTM profit is down 30.4% versus prior year
Working capital days have increased from -4 to 99 days
Operating margins have contracted to 35.2% from 43.8%
Though reporting repeated profits, the company pays out little dividend (1.4%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Oil Gas & Consumable FuelsCrude OilOil Exploration

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ONGC	233.80	6.76	294126.93	5.67	6554.44	-43.27	204987.35	25.68	15.96	7.85
2.	OIL	499.00	9.72	81167.73	2.30	4026.83	-80.32	12886.27	47.27	12.43	46.35
3.	DEEPINDS	793.30	24.59	5077.12	0.32	89.15	44.48	278.92	39.81	7.44	38.77
4.	ANTELOPUS	1171.70	31.04	4119.97	0.00	543.20	4741.35	1310.40	2488.19	22.91	70.18
5.	DOLPHIN	686.25	38.12	2745.31	0.00	148.14	1207.16	428.46	2505.73	14.92	59.07
6.	ASIANENE	534.05	45.13	2598.00	0.23	12.76	126.51	271.19	135.06	16.63	8.09
7.	HINDOILEXP	195.65	103.05	2587.34	0.00	6.24	-85.79	114.18	45.17	12.33	4.82
8.	JINDRILL	673.05	10.18	1950.57	0.15	47.14	-28.69	275.39	8.38	15.30	35.72
9.	GNRL	109.02	86.59	1672.40	0.00	11.35	488.84	5.72	70.36	-0.56	202.01
10.	AAKASH	8.49	16.96	85.96	0.00	0.26	-36.86	23.35	7.11	5.39	9.38

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	94	142	183	198	171	172	239	245	254	238	242	263	275
	52	89	128	149	132	141	159	158	147	145	170	185	212
Operating Profit	42	53	55	49	39	31	81	87	107	93	72	78	63
OPM %	44.20%	37.41%	30.07%	24.95%	22.54%	18.11%	33.69%	35.50%	42.04%	38.89%	29.68%	29.71%	23.05%
	5	8	6	11	13	10	15	19	8	109	-81	5	7
Interest	3	4	4	2	5	4	4	3	3	2	2	2	1
Depreciation	16	16	16	16	16	16	26	31	37	38	38	38	39
Profit before Tax	27	41	41	42	31	21	65	71	76	162	-49	44	65
Tax %	25.03%	24.92%	24.89%	24.36%	24.89%	25.28%	25.20%	25.45%	25.27%	25.28%	24.71%	26.26%	27.94%
Net Profit	0	0	0	0	439	345	66	72	66	133	-33	45	47
	4.17	7.63	11.02	-5.18	15.13	11.90	22.77	24.72	22.81	45.73	-11.52	15.66	16.27

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	372	149	207	216	398	420	512	617	828	997	1,018
	355	221	199	176	341	310	335	415	588	645	712
Operating Profit	17	-72	9	40	57	110	178	202	240	351	306
OPM %	4.58%	-48.29%	4.28%	18.45%	14.33%	26.14%	34.68%	32.68%	29.00%	35.25%	30.05%
	26	57	54	34	8	32	47	29	56	42	41
Interest	10	4	14	14	16	12	11	15	19	11	7
Depreciation	9	9	9	26	32	43	63	64	89	151	152
Profit before Tax	24	-28	40	33	2	87	136	89	263	270	222
Tax %	28.37%	30.78%	0.80%	21.56%	415.87%	25.54%	28.80%	42.34%	18.05%	21.99%	26.39%
Net Profit	17	-19	40	26	-6	64	97	51	216	211	163
EPS	0.00	0.00	0.00	0.00	-2.03	22.24	33.43	17.65	74.50	72.67	—
Dividend Payout %	1.82%	-17.40%	2.12%	-0.25%	-24.67%	2.25%	1.50%	2.83%	1.34%	1.38%	—

COMPOUNDED SALES GROWTH

10 Years:: 12%
5 Years:: 20%
3 Years:: 25%

COMPOUNDED PROFIT GROWTH

10 Years:: 5%
5 Years:: —
3 Years:: 30%

STOCK PRICE CAGR

10 Years:: 14%
5 Years:: 37%
3 Years:: 4%
1 Year:: 9%

RETURN ON EQUITY

10 Years:: 5%
5 Years:: 9%
3 Years:: 10%
Last Year:: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	14	14	14	14	14	14	14	14	14	14
	1,675	1,669	1,805	1,262	1,107	1,180	1,295	1,348	1,574	1,806
	77	63	682	449	381	249	207	145	95	35
Trade Payables	41	20	25	36	57	36	49	44	48	44
	44	58	74	35	163	212	289	500	1,066	629
Total Liabilities	1,853	1,824	2,600	1,796	1,723	1,691	1,854	2,052	2,797	2,528
	54	50	43	521	493	641	592	542	1,285	1,175
Capital Work in Progress	0	0	519	0	0	0	0	0	0	7
	1,108	1,065	1,191	637	414	447	495	444	606	792
	13	10	8	33	40	40	35	38	66	63
	0	0	0	0	0	0	0	190	204	224
Cash & Bank	2	2	4	6	86	97	100	108	99	86
	675	696	835	600	689	465	632	729	538	181
Total Assets	1,853	1,824	2,600	1,796	1,723	1,691	1,854	2,052	2,797	2,528

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-45	-59	13	57	108	190	51	-44	864	178
Cash from Investing	84	86	-92	-272	60	-66	-38	-20	-726	-108
Cash from Financing	-21	-19	86	222	-85	-119	-23	73	-147	-82
	2	0	2	2	80	11	3	8	-10	-13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	64.25	64.25	64.25	64.25	64.24	64.40	66.44	66.78	66.78
	0.29	0.45	0.64	2.05	2.13	2.04	0.85	0.62	0.42
	1.05	1.05	1.05	0.94	0.49	0.20	0.00	0.00	0.01
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	34.40	34.24	34.05	32.75	33.14	33.36	32.71	32.60	32.79

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-25

General Updates

2026-08-25 - Jindal Drilling And Industries Limited has informed the Exchange about sending letters to shareholders providing weblink and path to access Annual Report and Notice of 42nd Annual General Meeting

2026-08-25

Copy of Newspaper Publication

2026-08-25 - Jindal Drilling And Industries Limited has informed the Exchange about Copy of Newspaper Publication regarding 42nd Annual General Meeting and e-voting

2026-08-24

Shareholders meeting

2026-08-24 - Jindal Drilling And Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 15, 2026

2026-08-20

Copy of Newspaper Publication

2026-08-20 - Jindal Drilling And Industries Limited has informed the Exchange about Copy of Newspaper Publication for Pre AGM Notice and Record Date

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Jindal Drilling And Industries Limited has informed the Exchange about Transcript

2026-08-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-10 - Jindal Drilling And Industries Limited has informed the Exchange about Link of Recording

2026-08-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-10 - Jindal Drilling And Industries Limited has informed the Exchange about Presentation

2026-08-08

Copy of Newspaper Publication

2026-08-08 - Jindal Drilling And Industries Limited has informed the Exchange about Copy of Newspaper Publication of the unaudited finacial results for the quarter ended 30th June, 2026

2026-08-07

Record Date

2026-08-07 - Jindal Drilling And Industries Limited has informed the Exchange that Record date for the purpose of Dividend is 01-Sep-2026.

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