Jindal Saw Ltd.
•2026-08-21
PROS
- Company has delivered good profit growth of 23.1% CAGR over last 5 years
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.68x)
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
- Company maintains a comfortable, low leverage position
CONS
- Recent results are weak - TTM profit is down 40.2% versus prior year
- Valuation is stretched - P/E of 26.3 is well above its own 5-year median (9.9)
- Though reporting repeated profits, the company pays out little dividend (13.1%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | JSWSTEEL | 1281.30 | 12.64 | 313336.02 | 0.55 | 4696.00 | 112.58 | 47364.00 | 11.55 | 20.67 | 19.60 |
| 2. | TATASTEEL | 184.00 | 20.82 | 229695.59 | 2.17 | 2385.24 | 18.82 | 60794.29 | 15.26 | 12.70 | 15.40 |
| 3. | SAIL | 172.50 | 16.68 | 71251.56 | 1.36 | 1644.05 | 120.80 | 26245.67 | 1.25 | 6.39 | 15.92 |
| 4. | JSL | 723.75 | 18.37 | 59667.37 | 0.55 | 768.66 | 7.56 | 11278.54 | 10.50 | 19.19 | 12.09 |
| 5. | APLAPOLLO | 2115.90 | 47.80 | 58749.74 | 0.40 | 263.11 | 10.94 | 5606.71 | 12.07 | 22.90 | 7.34 |
| 6. | WELCORP | 1974.70 | 22.56 | 52090.74 | 0.25 | 1047.88 | 200.11 | 4081.12 | 14.91 | 23.94 | 32.17 |
| 7. | SHYAMMETL | 988.70 | 24.57 | 27597.77 | 0.46 | 3507.30 | 1106.63 | 54550.90 | 1133.35 | 13.88 | 14.03 |
| 8. | SARDAEN | 512.45 | 15.98 | 18057.78 | 0.39 | 478.13 | 9.50 | 1608.04 | -1.07 | 15.84 | 41.59 |
| 9. | JINDALSAW | 268.95 | 26.32 | 17199.57 | 0.74 | 90.79 | -78.15 | 4452.31 | 9.00 | 10.38 | 8.79 |
| 10. | GPIL | 246.30 | 20.55 | 16578.39 | 0.41 | 222.37 | 2.75 | 1750.47 | 32.29 | 23.51 | 19.36 |
| 11. | RATNAMANI | 2295.95 | 37.17 | 16092.77 | 0.44 | 107.03 | -15.82 | 971.63 | -15.63 | 18.01 | 16.69 |
| 12. | USHAMART | 501.85 | 30.16 | 15293.48 | 0.75 | 142.04 | 40.90 | 1033.00 | 16.44 | 20.17 | 20.62 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,410 | 5,466 | 5,656 | 5,425 | 4,939 | 5,572 | 5,271 | 5,047 | 4,085 | 4,234 | 4,943 | 4,633 | 4,452 | |
| 3,803 | 4,662 | 4,667 | 4,505 | 4,100 | 4,658 | 4,332 | 4,310 | 3,415 | 3,782 | 4,331 | 4,153 | 4,328 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 37 | 22 | 40 | 69 | 46 | 30 | 22 | 21 | 18 | 30 | 20 | 23 | 24 |
| Interest | 160 | 189 | 182 | 174 | 154 | 158 | 173 | 139 | 171 | 153 | 133 | 163 | 108 |
| Depreciation | 132 | 141 | 147 | 149 | 148 | 151 | 151 | 153 | 153 | 156 | 155 | 167 | 164 |
| 354 | 496 | 701 | 666 | 583 | 636 | 638 | 466 | 364 | 173 | 345 | 175 | 143 | |
| Tax % | 30.92% | 28.21% | 26.73% | 27.96% | 29.47% | 26.35% | 26.01% | 82.81% | -11.31% | 25.42% | 28.90% | 27.44% | 36.45% |
| Net Profit | 0 | 0 | 0 | 0 | 416 | 475 | 479 | 87 | 415 | 139 | 248 | 124 | 91 |
| 8 | 6 | 8 | 8 | 7 | 8 | 8 | 5 | 7 | 2 | 4 | 2 | 0 | |
| Equity Capital | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,347 | 11,833 | 0 | 0 | 12,510 | 12,483 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,347 | 11,833 | 0 | 0 | 12,510 | 12,483 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 4,410
- 3,803
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 160
- Depreciation
- 132
- 354
- Tax %
- 30.92%
- Net Profit
- 0
- 8
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,466
- 4,662
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 189
- Depreciation
- 141
- 496
- Tax %
- 28.21%
- Net Profit
- 0
- 6
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,656
- 4,667
- Operating Profit
- —
- OPM %
- —
- Other Income
- 40
- Interest
- 182
- Depreciation
- 147
- 701
- Tax %
- 26.73%
- Net Profit
- 0
- 8
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,425
- 4,505
- Operating Profit
- —
- OPM %
- —
- Other Income
- 69
- Interest
- 174
- Depreciation
- 149
- 666
- Tax %
- 27.96%
- Net Profit
- 0
- 8
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,939
- 4,100
- Operating Profit
- —
- OPM %
- —
- Other Income
- 46
- Interest
- 154
- Depreciation
- 148
- 583
- Tax %
- 29.47%
- Net Profit
- 416
- 7
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,572
- 4,658
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 158
- Depreciation
- 151
- 636
- Tax %
- 26.35%
- Net Profit
- 475
- 8
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,271
- 4,332
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 173
- Depreciation
- 151
- 638
- Tax %
- 26.01%
- Net Profit
- 479
- 8
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 5,047
- 4,310
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 139
- Depreciation
- 153
- 466
- Tax %
- 82.81%
- Net Profit
- 87
- 5
- Equity Capital
- 64
- Reserves
- 11,347
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 11,347
- Promoter Pledge %
- 0.00%
- 4,085
- 3,415
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 171
- Depreciation
- 153
- 364
- Tax %
- -11.31%
- Net Profit
- 415
- 7
- Equity Capital
- 64
- Reserves
- 11,833
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 11,833
- Promoter Pledge %
- 0.00%
- 4,234
- 3,782
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 153
- Depreciation
- 156
- 173
- Tax %
- 25.42%
- Net Profit
- 139
- 2
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,943
- 4,331
- Operating Profit
- —
- OPM %
- —
- Other Income
- 20
- Interest
- 133
- Depreciation
- 155
- 345
- Tax %
- 28.90%
- Net Profit
- 248
- 4
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- 4,633
- 4,153
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 163
- Depreciation
- 167
- 175
- Tax %
- 27.44%
- Net Profit
- 124
- 2
- Equity Capital
- 64
- Reserves
- 12,510
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 12,510
- Promoter Pledge %
- 0.00%
- 4,452
- 4,328
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 108
- Depreciation
- 164
- 143
- Tax %
- 36.45%
- Net Profit
- 91
- 0
- Equity Capital
- 64
- Reserves
- 12,483
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 12,483
- Promoter Pledge %
- 0.00%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7,070 | 8,507 | 12,117 | 11,627 | 10,664 | 13,298 | 17,868 | 20,958 | 20,829 | 17,895 | 18,263 | |
| 6,347 | 7,511 | 10,685 | 10,163 | 9,479 | 11,943 | 16,264 | 17,781 | 17,491 | 15,733 | 16,594 | |
| Operating Profit | 1,012 | 1,175 | 1,621 | 1,620 | 1,451 | 1,555 | 1,857 | 3,489 | 3,548 | 2,306 | — |
| OPM % | 14 | 14 | 13 | 14 | 14 | 12 | 10 | 17 | 17 | 13 | — |
| Other Income | 289 | 179 | 189 | 156 | 266 | 199 | 253 | 312 | 210 | 145 | 97 |
| Interest | 569 | 581 | 615 | 620 | 493 | 460 | 642 | 705 | 623 | 620 | 557 |
| Depreciation | 337 | 363 | 396 | 422 | 459 | 473 | 470 | 568 | 602 | 630 | 641 |
| 193 | 134 | 988 | 467 | 499 | 621 | 719 | 2,216 | 2,349 | 1,076 | 835 | |
| Tax % | 32 | 100 | 21 | 1 | 34 | 40 | 37 | 28 | 38 | 14 | 29 |
| Net Profit | 130 | 1 | 776 | 461 | 328 | 376 | 452 | 1,593 | 1,458 | 925 | 592 |
| EPS | 3 | 6 | 27 | 17 | 10 | 13 | 20 | 52 | 27 | 15 | — |
| Dividend Payout % | 28 | 21 | 8 | 12 | 20 | 16 | 15 | 8 | 7 | 13 | — |
| Minority Interest | 75 | 189 | 86 | 93 | -9 | 36 | 192 | 84 | 280 | 48 | -13 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
| Adjusted EPS | 2 | 3 | 13 | 9 | 5 | 6 | 10 | 26 | 27 | 15 | — |
| Minority Interest | 75 | 189 | 86 | 93 | -9 | 36 | 192 | 84 | 280 | 48 | -13 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
| Adjusted EPS | 2 | 3 | 13 | 9 | 5 | 6 | 10 | 26 | 27 | 15 | — |
- 7,070
- 6,347
- Operating Profit
- 1,012
- OPM %
- 14
- Other Income
- 289
- Interest
- 569
- Depreciation
- 337
- 193
- Tax %
- 32
- Net Profit
- 130
- EPS
- 3
- Dividend Payout %
- 28
- Minority Interest
- 75
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 75
- Share of Associates
- 0
- Adjusted EPS
- 2
- 8,507
- 7,511
- Operating Profit
- 1,175
- OPM %
- 14
- Other Income
- 179
- Interest
- 581
- Depreciation
- 363
- 134
- Tax %
- 100
- Net Profit
- 1
- EPS
- 6
- Dividend Payout %
- 21
- Minority Interest
- 189
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 189
- Share of Associates
- 0
- Adjusted EPS
- 3
- 12,117
- 10,685
- Operating Profit
- 1,621
- OPM %
- 13
- Other Income
- 189
- Interest
- 615
- Depreciation
- 396
- 988
- Tax %
- 21
- Net Profit
- 776
- EPS
- 27
- Dividend Payout %
- 8
- Minority Interest
- 86
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 86
- Share of Associates
- 0
- Adjusted EPS
- 13
- 11,627
- 10,163
- Operating Profit
- 1,620
- OPM %
- 14
- Other Income
- 156
- Interest
- 620
- Depreciation
- 422
- 467
- Tax %
- 1
- Net Profit
- 461
- EPS
- 17
- Dividend Payout %
- 12
- Minority Interest
- 93
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 93
- Share of Associates
- 0
- Adjusted EPS
- 9
- 10,664
- 9,479
- Operating Profit
- 1,451
- OPM %
- 14
- Other Income
- 266
- Interest
- 493
- Depreciation
- 459
- 499
- Tax %
- 34
- Net Profit
- 328
- EPS
- 10
- Dividend Payout %
- 20
- Minority Interest
- -9
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- -9
- Share of Associates
- 0
- Adjusted EPS
- 5
- 13,298
- 11,943
- Operating Profit
- 1,555
- OPM %
- 12
- Other Income
- 199
- Interest
- 460
- Depreciation
- 473
- 621
- Tax %
- 40
- Net Profit
- 376
- EPS
- 13
- Dividend Payout %
- 16
- Minority Interest
- 36
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 36
- Share of Associates
- 0
- Adjusted EPS
- 6
- 17,868
- 16,264
- Operating Profit
- 1,857
- OPM %
- 10
- Other Income
- 253
- Interest
- 642
- Depreciation
- 470
- 719
- Tax %
- 37
- Net Profit
- 452
- EPS
- 20
- Dividend Payout %
- 15
- Minority Interest
- 192
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 192
- Share of Associates
- 0
- Adjusted EPS
- 10
- 20,958
- 17,781
- Operating Profit
- 3,489
- OPM %
- 17
- Other Income
- 312
- Interest
- 705
- Depreciation
- 568
- 2,216
- Tax %
- 28
- Net Profit
- 1,593
- EPS
- 52
- Dividend Payout %
- 8
- Minority Interest
- 84
- Share of Associates
- 0
- Adjusted EPS
- 26
- Minority Interest
- 84
- Share of Associates
- 0
- Adjusted EPS
- 26
- 20,829
- 17,491
- Operating Profit
- 3,548
- OPM %
- 17
- Other Income
- 210
- Interest
- 623
- Depreciation
- 602
- 2,349
- Tax %
- 38
- Net Profit
- 1,458
- EPS
- 27
- Dividend Payout %
- 7
- Minority Interest
- 280
- Share of Associates
- 0
- Adjusted EPS
- 27
- Minority Interest
- 280
- Share of Associates
- 0
- Adjusted EPS
- 27
- 17,895
- 15,733
- Operating Profit
- 2,306
- OPM %
- 13
- Other Income
- 145
- Interest
- 620
- Depreciation
- 630
- 1,076
- Tax %
- 14
- Net Profit
- 925
- EPS
- 15
- Dividend Payout %
- 13
- Minority Interest
- 48
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 48
- Share of Associates
- 0
- Adjusted EPS
- 15
- 18,263
- 16,594
- Operating Profit
- —
- OPM %
- —
- Other Income
- 97
- Interest
- 557
- Depreciation
- 641
- 835
- Tax %
- 29
- Net Profit
- 592
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -13
- Share of Associates
- 4
- Adjusted EPS
- —
- Minority Interest
- -13
- Share of Associates
- 4
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 9%
- 5 Years:
- 11%
- 3 Years:
- 0%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 25%
- 3 Years:
- 15%
STOCK PRICE CAGR
- 10 Years:
- 27%
- 5 Years:
- 35%
- 3 Years:
- 18%
- 1 Year:
- 31%
RETURN ON EQUITY
- 10 Years:
- 8%
- 5 Years:
- 10%
- 3 Years:
- 13%
- Last Year:
- 8%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 |
| 5,322 | 5,432 | 6,218 | 6,700 | 6,919 | 7,300 | 7,857 | 9,971 | 11,313 | 12,485 | |
| 2,198 | 3,036 | 3,082 | 3,035 | 2,087 | 3,437 | 2,556 | 2,858 | 2,663 | 2,457 | |
| Trade Payables | 411 | 568 | 1,804 | 1,403 | 1,937 | 1,540 | 3,004 | 2,953 | 2,522 | 2,623 |
| 4,860 | 4,096 | 3,612 | 3,880 | 4,808 | 4,101 | 4,401 | 4,833 | 4,104 | 3,944 | |
| Total Liabilities | 12,856 | 13,197 | 14,781 | 15,082 | 15,815 | 16,443 | 17,883 | 20,679 | 20,665 | 21,572 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 7,455 | 7,120 | 7,163 | 7,491 | 7,316 | 7,357 | 7,484 | 8,853 | 9,341 | 10,409 | |
| Capital Work in Progress | 102 | 126 | 260 | 423 | 404 | 293 | 300 | 632 | 641 | 453 |
| 119 | 110 | 190 | 129 | 198 | 224 | 175 | 178 | 168 | 105 | |
| 2,310 | 2,463 | 3,187 | 2,687 | 2,919 | 3,756 | 4,105 | 4,895 | 4,921 | 5,267 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,469 | 3,564 | 3,094 | |
| Cash & Bank | 132 | 144 | 232 | 343 | 724 | 673 | 213 | 895 | 770 | 543 |
| 2,738 | 3,233 | 3,749 | 4,009 | 4,256 | 4,142 | 5,606 | 1,756 | 1,261 | 1,702 | |
| Total Assets | 12,856 | 13,197 | 14,781 | 15,082 | 15,815 | 16,443 | 17,883 | 20,679 | 20,665 | 21,572 |
| Total Debt | 6,222 | 6,348 | 5,715 | 5,395 | 5,083 | 5,787 | 4,782 | 5,587 | 4,646 | 4,040 |
| Net Working Capital | 855 | 1,118 | 645 | -23 | 293 | 128 | 937 | 1,978 | 3,122 | 3,785 |
| Contingent Liabilities | 1,447 | 2,464 | 2,110 | 3,004 | 1,860 | 2,475 | 3,233 | 4,314 | 4,236 | 3,315 |
| Book Value per Share | 168.44 | 171.89 | 196.47 | 211.52 | 218.39 | 230.31 | 247.72 | 313.83 | 177.89 | 196.22 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 |
| Total Debt | 6,222 | 6,348 | 5,715 | 5,395 | 5,083 | 5,787 | 4,782 | 5,587 | 4,646 | 4,040 |
| Net Working Capital | 855 | 1,118 | 645 | -23 | 293 | 128 | 937 | 1,978 | 3,122 | 3,785 |
| Contingent Liabilities | 1,447 | 2,464 | 2,110 | 3,004 | 1,860 | 2,475 | 3,233 | 4,314 | 4,236 | 3,315 |
| Book Value per Share | 168.44 | 171.89 | 196.47 | 211.52 | 218.39 | 230.31 | 247.72 | 313.83 | 177.89 | 196.22 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 |
- Equity Capital
- 64
- 5,322
- 2,198
- Trade Payables
- 411
- 4,860
- Total Liabilities
- 12,856
- 7,455
- Capital Work in Progress
- 102
- 119
- 2,310
- 0
- Cash & Bank
- 132
- 2,738
- Total Assets
- 12,856
- Total Debt
- 6,222
- Net Working Capital
- 855
- Contingent Liabilities
- 1,447
- Book Value per Share
- 168.44
- Face Value
- 2.00
- Total Debt
- 6,222
- Net Working Capital
- 855
- Contingent Liabilities
- 1,447
- Book Value per Share
- 168.44
- Face Value
- 2.00
- Equity Capital
- 64
- 5,432
- 3,036
- Trade Payables
- 568
- 4,096
- Total Liabilities
- 13,197
- 7,120
- Capital Work in Progress
- 126
- 110
- 2,463
- 0
- Cash & Bank
- 144
- 3,233
- Total Assets
- 13,197
- Total Debt
- 6,348
- Net Working Capital
- 1,118
- Contingent Liabilities
- 2,464
- Book Value per Share
- 171.89
- Face Value
- 2.00
- Total Debt
- 6,348
- Net Working Capital
- 1,118
- Contingent Liabilities
- 2,464
- Book Value per Share
- 171.89
- Face Value
- 2.00
- Equity Capital
- 64
- 6,218
- 3,082
- Trade Payables
- 1,804
- 3,612
- Total Liabilities
- 14,781
- 7,163
- Capital Work in Progress
- 260
- 190
- 3,187
- 0
- Cash & Bank
- 232
- 3,749
- Total Assets
- 14,781
- Total Debt
- 5,715
- Net Working Capital
- 645
- Contingent Liabilities
- 2,110
- Book Value per Share
- 196.47
- Face Value
- 2.00
- Total Debt
- 5,715
- Net Working Capital
- 645
- Contingent Liabilities
- 2,110
- Book Value per Share
- 196.47
- Face Value
- 2.00
- Equity Capital
- 64
- 6,700
- 3,035
- Trade Payables
- 1,403
- 3,880
- Total Liabilities
- 15,082
- 7,491
- Capital Work in Progress
- 423
- 129
- 2,687
- 0
- Cash & Bank
- 343
- 4,009
- Total Assets
- 15,082
- Total Debt
- 5,395
- Net Working Capital
- -23
- Contingent Liabilities
- 3,004
- Book Value per Share
- 211.52
- Face Value
- 2.00
- Total Debt
- 5,395
- Net Working Capital
- -23
- Contingent Liabilities
- 3,004
- Book Value per Share
- 211.52
- Face Value
- 2.00
- Equity Capital
- 64
- 6,919
- 2,087
- Trade Payables
- 1,937
- 4,808
- Total Liabilities
- 15,815
- 7,316
- Capital Work in Progress
- 404
- 198
- 2,919
- 0
- Cash & Bank
- 724
- 4,256
- Total Assets
- 15,815
- Total Debt
- 5,083
- Net Working Capital
- 293
- Contingent Liabilities
- 1,860
- Book Value per Share
- 218.39
- Face Value
- 2.00
- Total Debt
- 5,083
- Net Working Capital
- 293
- Contingent Liabilities
- 1,860
- Book Value per Share
- 218.39
- Face Value
- 2.00
- Equity Capital
- 64
- 7,300
- 3,437
- Trade Payables
- 1,540
- 4,101
- Total Liabilities
- 16,443
- 7,357
- Capital Work in Progress
- 293
- 224
- 3,756
- 0
- Cash & Bank
- 673
- 4,142
- Total Assets
- 16,443
- Total Debt
- 5,787
- Net Working Capital
- 128
- Contingent Liabilities
- 2,475
- Book Value per Share
- 230.31
- Face Value
- 2.00
- Total Debt
- 5,787
- Net Working Capital
- 128
- Contingent Liabilities
- 2,475
- Book Value per Share
- 230.31
- Face Value
- 2.00
- Equity Capital
- 64
- 7,857
- 2,556
- Trade Payables
- 3,004
- 4,401
- Total Liabilities
- 17,883
- 7,484
- Capital Work in Progress
- 300
- 175
- 4,105
- 0
- Cash & Bank
- 213
- 5,606
- Total Assets
- 17,883
- Total Debt
- 4,782
- Net Working Capital
- 937
- Contingent Liabilities
- 3,233
- Book Value per Share
- 247.72
- Face Value
- 2.00
- Total Debt
- 4,782
- Net Working Capital
- 937
- Contingent Liabilities
- 3,233
- Book Value per Share
- 247.72
- Face Value
- 2.00
- Equity Capital
- 64
- 9,971
- 2,858
- Trade Payables
- 2,953
- 4,833
- Total Liabilities
- 20,679
- 8,853
- Capital Work in Progress
- 632
- 178
- 4,895
- 3,469
- Cash & Bank
- 895
- 1,756
- Total Assets
- 20,679
- Total Debt
- 5,587
- Net Working Capital
- 1,978
- Contingent Liabilities
- 4,314
- Book Value per Share
- 313.83
- Face Value
- 2.00
- Total Debt
- 5,587
- Net Working Capital
- 1,978
- Contingent Liabilities
- 4,314
- Book Value per Share
- 313.83
- Face Value
- 2.00
- Equity Capital
- 64
- 11,313
- 2,663
- Trade Payables
- 2,522
- 4,104
- Total Liabilities
- 20,665
- 9,341
- Capital Work in Progress
- 641
- 168
- 4,921
- 3,564
- Cash & Bank
- 770
- 1,261
- Total Assets
- 20,665
- Total Debt
- 4,646
- Net Working Capital
- 3,122
- Contingent Liabilities
- 4,236
- Book Value per Share
- 177.89
- Face Value
- 1.00
- Total Debt
- 4,646
- Net Working Capital
- 3,122
- Contingent Liabilities
- 4,236
- Book Value per Share
- 177.89
- Face Value
- 1.00
- Equity Capital
- 64
- 12,485
- 2,457
- Trade Payables
- 2,623
- 3,944
- Total Liabilities
- 21,572
- 10,409
- Capital Work in Progress
- 453
- 105
- 5,267
- 3,094
- Cash & Bank
- 543
- 1,702
- Total Assets
- 21,572
- Total Debt
- 4,040
- Net Working Capital
- 3,785
- Contingent Liabilities
- 3,315
- Book Value per Share
- 196.22
- Face Value
- 1.00
- Total Debt
- 4,040
- Net Working Capital
- 3,785
- Contingent Liabilities
- 3,315
- Book Value per Share
- 196.22
- Face Value
- 1.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,163 | 565 | 1,567 | 1,665 | 1,570 | 73 | 1,616 | 2,593 | 2,335 | 1,771 | |
| Cash from Investing | -426 | -120 | -516 | -469 | -359 | -191 | -71 | -1,917 | -899 | -955 |
| Cash from Financing | -816 | -470 | -977 | -1,168 | -831 | 61 | -1,966 | -12 | -1,524 | -1,073 |
| -79 | -25 | 74 | 28 | 380 | -57 | -421 | 663 | -87 | -257 | |
| Free Cash Flow | 1,163 | 565 | 1,027 | 717 | 1,395 | -285 | 1,189 | 390 | 1,372 | 247 |
| OCF / Net Profit | 8.92 | 922.48 | 2.02 | 3.61 | 4.79 | 0.20 | 3.58 | 1.63 | 1.60 | 1.91 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 4,867 | 3,419 | 4,044 | 3,407 | 4,062 | 2,914 |
| OCF / Net Profit | 8.92 | 922.48 | 2.02 | 3.61 | 4.79 | 0.20 | 3.58 | 1.63 | 1.60 | 1.91 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 4,867 | 3,419 | 4,044 | 3,407 | 4,062 | 2,914 |
- 1,163
- Cash from Investing
- -426
- Cash from Financing
- -816
- -79
- Free Cash Flow
- 1,163
- OCF / Net Profit
- 8.92
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 8.92
- Cumulative 5-Year FCF
- 0
- 565
- Cash from Investing
- -120
- Cash from Financing
- -470
- -25
- Free Cash Flow
- 565
- OCF / Net Profit
- 922.48
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 922.48
- Cumulative 5-Year FCF
- 0
- 1,567
- Cash from Investing
- -516
- Cash from Financing
- -977
- 74
- Free Cash Flow
- 1,027
- OCF / Net Profit
- 2.02
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.02
- Cumulative 5-Year FCF
- 0
- 1,665
- Cash from Investing
- -469
- Cash from Financing
- -1,168
- 28
- Free Cash Flow
- 717
- OCF / Net Profit
- 3.61
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.61
- Cumulative 5-Year FCF
- 0
- 1,570
- Cash from Investing
- -359
- Cash from Financing
- -831
- 380
- Free Cash Flow
- 1,395
- OCF / Net Profit
- 4.79
- Cumulative 5-Year FCF
- 4,867
- OCF / Net Profit
- 4.79
- Cumulative 5-Year FCF
- 4,867
- 73
- Cash from Investing
- -191
- Cash from Financing
- 61
- -57
- Free Cash Flow
- -285
- OCF / Net Profit
- 0.20
- Cumulative 5-Year FCF
- 3,419
- OCF / Net Profit
- 0.20
- Cumulative 5-Year FCF
- 3,419
- 1,616
- Cash from Investing
- -71
- Cash from Financing
- -1,966
- -421
- Free Cash Flow
- 1,189
- OCF / Net Profit
- 3.58
- Cumulative 5-Year FCF
- 4,044
- OCF / Net Profit
- 3.58
- Cumulative 5-Year FCF
- 4,044
- 2,593
- Cash from Investing
- -1,917
- Cash from Financing
- -12
- 663
- Free Cash Flow
- 390
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- 3,407
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- 3,407
- 2,335
- Cash from Investing
- -899
- Cash from Financing
- -1,524
- -87
- Free Cash Flow
- 1,372
- OCF / Net Profit
- 1.60
- Cumulative 5-Year FCF
- 4,062
- OCF / Net Profit
- 1.60
- Cumulative 5-Year FCF
- 4,062
- 1,771
- Cash from Investing
- -955
- Cash from Financing
- -1,073
- -257
- Free Cash Flow
- 247
- OCF / Net Profit
- 1.91
- Cumulative 5-Year FCF
- 2,914
- OCF / Net Profit
- 1.91
- Cumulative 5-Year FCF
- 2,914
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 3.56 | 5.58 | 26.59 | 17.35 | 9.97 | 12.88 | 20.14 | 52.45 | 27.18 | 15.22 |
| Book Value (₹) | 168.44 | 171.89 | 196.47 | 211.52 | 218.39 | 230.31 | 247.72 | 313.83 | 177.89 | 196.22 |
| Dividend per Share (₹) | 1.00 | 1.20 | 2.00 | 2.00 | 2.00 | 2.00 | 3.00 | 4.00 | 2.00 | 2.00 |
| Cash EPS (₹) | 7.31 | 5.69 | 18.33 | 13.81 | 12.30 | 13.27 | 14.42 | 33.79 | 32.21 | 24.33 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 13.78% | 13.72% | 13.38% | 13.93% | 13.61% | 11.69% | 10.39% | 15.16% | 16.03% | 12.08% |
| Net Margin % | 1.77% | 0.01% | 6.40% | 3.97% | 3.07% | 2.83% | 2.53% | 7.60% | 7.00% | 5.17% |
| ROE % | 2.48% | 0.01% | 13.18% | 7.07% | 4.77% | 5.24% | 5.91% | 17.74% | 13.62% | 7.74% |
| ROCE % | 6.27% | 6.10% | 13.45% | 9.00% | 8.19% | 8.58% | 10.53% | 20.58% | 18.73% | 10.38% |
| 0.96% | 0.00% | 5.55% | 3.09% | 2.12% | 2.33% | 2.63% | 8.26% | 7.05% | 4.38% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 78 | 71 | 63 | 64 | 68 | 54 | 55 | 61 | 62 | 68 |
| Inventory Days | 119 | 102 | 85 | 92 | 96 | 92 | 80 | 78 | 86 | 104 |
| Payable Days | 44 | 36 | 58 | 84 | 101 | 80 | 74 | 63 | 51 | 61 |
| 153 | 136 | 90 | 72 | 63 | 65 | 61 | 77 | 96 | 111 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.16x | 1.15x | 0.91x | 0.80x | 0.73x | 0.79x | 0.60x | 0.56x | 0.41x | 0.32x |
| Interest Coverage (x) | 1.34x | 1.23x | 2.61x | 1.75x | 2.01x | 2.35x | 2.12x | 4.14x | 4.77x | 2.74x |
| 1.22x | 1.26x | 1.11x | 1.00x | 1.05x | 1.02x | 1.12x | 1.24x | 1.45x | 1.61x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -8.21% | 20.32% | 42.44% | -4.04% | -8.29% | 24.71% | 34.36% | 17.29% | -0.61% | -14.08% |
| Operating Profit Growth % | 7.24% | 16.11% | 38.00% | -0.06% | -10.45% | 7.14% | 19.47% | 87.86% | 1.69% | -35.00% |
| Net Profit Growth % | 864.96% | -99.53% | 0.00% | -40.56% | -28.95% | 14.69% | 20.19% | 252.57% | -8.46% | -36.54% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 160.43% | -48.17% | -44.01% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.12x | 9.94x | 12.04x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.38x | 1.52x | 0.93x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.93% | 0.74% | 1.09% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.30x | 5.96x | 6.60x |
- EPS (₹)
- 3.56
- Book Value (₹)
- 168.44
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 7.31
- Operating Margin %
- 13.78%
- Net Margin %
- 1.77%
- ROE %
- 2.48%
- ROCE %
- 6.27%
- 0.96%
- Debtor Days
- 78
- Inventory Days
- 119
- Payable Days
- 44
- 153
- Debt to Equity (x)
- 1.16x
- Interest Coverage (x)
- 1.34x
- 1.22x
- Revenue Growth %
- -8.21%
- Operating Profit Growth %
- 7.24%
- Net Profit Growth %
- 864.96%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 5.58
- Book Value (₹)
- 171.89
- Dividend per Share (₹)
- 1.20
- Cash EPS (₹)
- 5.69
- Operating Margin %
- 13.72%
- Net Margin %
- 0.01%
- ROE %
- 0.01%
- ROCE %
- 6.10%
- 0.00%
- Debtor Days
- 71
- Inventory Days
- 102
- Payable Days
- 36
- 136
- Debt to Equity (x)
- 1.15x
- Interest Coverage (x)
- 1.23x
- 1.26x
- Revenue Growth %
- 20.32%
- Operating Profit Growth %
- 16.11%
- Net Profit Growth %
- -99.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 26.59
- Book Value (₹)
- 196.47
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 18.33
- Operating Margin %
- 13.38%
- Net Margin %
- 6.40%
- ROE %
- 13.18%
- ROCE %
- 13.45%
- 5.55%
- Debtor Days
- 63
- Inventory Days
- 85
- Payable Days
- 58
- 90
- Debt to Equity (x)
- 0.91x
- Interest Coverage (x)
- 2.61x
- 1.11x
- Revenue Growth %
- 42.44%
- Operating Profit Growth %
- 38.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 17.35
- Book Value (₹)
- 211.52
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 13.81
- Operating Margin %
- 13.93%
- Net Margin %
- 3.97%
- ROE %
- 7.07%
- ROCE %
- 9.00%
- 3.09%
- Debtor Days
- 64
- Inventory Days
- 92
- Payable Days
- 84
- 72
- Debt to Equity (x)
- 0.80x
- Interest Coverage (x)
- 1.75x
- 1.00x
- Revenue Growth %
- -4.04%
- Operating Profit Growth %
- -0.06%
- Net Profit Growth %
- -40.56%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 9.97
- Book Value (₹)
- 218.39
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 12.30
- Operating Margin %
- 13.61%
- Net Margin %
- 3.07%
- ROE %
- 4.77%
- ROCE %
- 8.19%
- 2.12%
- Debtor Days
- 68
- Inventory Days
- 96
- Payable Days
- 101
- 63
- Debt to Equity (x)
- 0.73x
- Interest Coverage (x)
- 2.01x
- 1.05x
- Revenue Growth %
- -8.29%
- Operating Profit Growth %
- -10.45%
- Net Profit Growth %
- -28.95%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 12.88
- Book Value (₹)
- 230.31
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 13.27
- Operating Margin %
- 11.69%
- Net Margin %
- 2.83%
- ROE %
- 5.24%
- ROCE %
- 8.58%
- 2.33%
- Debtor Days
- 54
- Inventory Days
- 92
- Payable Days
- 80
- 65
- Debt to Equity (x)
- 0.79x
- Interest Coverage (x)
- 2.35x
- 1.02x
- Revenue Growth %
- 24.71%
- Operating Profit Growth %
- 7.14%
- Net Profit Growth %
- 14.69%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 20.14
- Book Value (₹)
- 247.72
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 14.42
- Operating Margin %
- 10.39%
- Net Margin %
- 2.53%
- ROE %
- 5.91%
- ROCE %
- 10.53%
- 2.63%
- Debtor Days
- 55
- Inventory Days
- 80
- Payable Days
- 74
- 61
- Debt to Equity (x)
- 0.60x
- Interest Coverage (x)
- 2.12x
- 1.12x
- Revenue Growth %
- 34.36%
- Operating Profit Growth %
- 19.47%
- Net Profit Growth %
- 20.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 52.45
- Book Value (₹)
- 313.83
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 33.79
- Operating Margin %
- 15.16%
- Net Margin %
- 7.60%
- ROE %
- 17.74%
- ROCE %
- 20.58%
- 8.26%
- Debtor Days
- 61
- Inventory Days
- 78
- Payable Days
- 63
- 77
- Debt to Equity (x)
- 0.56x
- Interest Coverage (x)
- 4.14x
- 1.24x
- Revenue Growth %
- 17.29%
- Operating Profit Growth %
- 87.86%
- Net Profit Growth %
- 252.57%
- 160.43%
- P/E (x)
- 4.12x
- P/B (x)
- 1.38x
- Dividend Yield %
- 0.93%
- 5.30x
- EPS (₹)
- 27.18
- Book Value (₹)
- 177.89
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 32.21
- Operating Margin %
- 16.03%
- Net Margin %
- 7.00%
- ROE %
- 13.62%
- ROCE %
- 18.73%
- 7.05%
- Debtor Days
- 62
- Inventory Days
- 86
- Payable Days
- 51
- 96
- Debt to Equity (x)
- 0.41x
- Interest Coverage (x)
- 4.77x
- 1.45x
- Revenue Growth %
- -0.61%
- Operating Profit Growth %
- 1.69%
- Net Profit Growth %
- -8.46%
- -48.17%
- P/E (x)
- 9.94x
- P/B (x)
- 1.52x
- Dividend Yield %
- 0.74%
- 5.96x
- EPS (₹)
- 15.22
- Book Value (₹)
- 196.22
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 24.33
- Operating Margin %
- 12.08%
- Net Margin %
- 5.17%
- ROE %
- 7.74%
- ROCE %
- 10.38%
- 4.38%
- Debtor Days
- 68
- Inventory Days
- 104
- Payable Days
- 61
- 111
- Debt to Equity (x)
- 0.32x
- Interest Coverage (x)
- 2.74x
- 1.61x
- Revenue Growth %
- -14.08%
- Operating Profit Growth %
- -35.00%
- Net Profit Growth %
- -36.54%
- -44.01%
- P/E (x)
- 12.04x
- P/B (x)
- 0.93x
- Dividend Yield %
- 1.09%
- 6.60x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-07-23 - Jindal Saw Limited has informed the Exchange about Schedule of meet
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-07-22 - Jindal Saw Limited has informed the Exchange about Transcript
Annual Reports
Credit Ratings
- Credit Rating
2026-06-26 - Jindal Saw Limited has informed the Exchange about Credit Rating
- Credit Rating
2025-10-09 - Jindal Saw Limited has informed the Exchange about Credit Rating
- Credit Rating
2025-09-23 - Jindal Saw Limited has informed the Exchange about Credit Rating
Concalls
Jul 2026
May 2026
Jan 2026

