Jindal Saw Ltd.
•2026-08-21
PROS
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.32x)
- 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 58.9% versus prior year
- Valuation is stretched - P/E of 14.9 is well above its own 5-year median (9.2)
- Growth is decelerating - 3Y profit CAGR (3.1%) trails the 5Y trend (19.0%)
- Expensive relative to growth - PEG of 4.8
- Inventory has been piling up - inventory days up from 83 to 109
* 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
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,763 | 4,561 | 4,719 | 4,919 | 4,337 | 4,724 | 4,474 | 4,401 | 3,300 | 3,372 | 4,129 | 3,818 | 3,721 | |
| 3,217 | 3,860 | 3,896 | 4,034 | 3,575 | 3,915 | 3,639 | 3,593 | 2,767 | 3,074 | 3,630 | 3,439 | 3,611 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 68 | 50 | 67 | 87 | 80 | 66 | 47 | 48 | 26 | 37 | 27 | 33 | 34 |
| Interest | 133 | 160 | 150 | 143 | 122 | 131 | 136 | 99 | 131 | 108 | 103 | 127 | 71 |
| Depreciation | 103 | 112 | 117 | 120 | 119 | 119 | 119 | 122 | 122 | 122 | 122 | 129 | 125 |
| 377 | 478 | 623 | 710 | 601 | 625 | 626 | 635 | 307 | 105 | 302 | 156 | 145 | |
| Tax % | 26.04% | 26.58% | 26.92% | 25.52% | 25.80% | 23.69% | 23.82% | 25.35% | -18.55% | 24.31% | 24.90% | 27.07% | 24.30% |
| Net Profit | 279 | 351 | 455 | 529 | 446 | 477 | 477 | 474 | 364 | 79 | 227 | 114 | 110 |
| 9 | 6 | 7 | 8 | 7 | 7 | 8 | 7 | 6 | 1 | 4 | 2 | 0 | |
| Equity Capital | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 |
| Reserves | 8,752 | 9,108 | 9,606 | 10,127 | 10,447 | 10,925 | 11,403 | 11,874 | 12,109 | 12,188 | 12,417 | 12,512 | 12,510 |
| 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 | 8,752 | 9,108 | 9,606 | 10,127 | 10,447 | 10,925 | 11,403 | 11,874 | 12,109 | 12,188 | 12,417 | 12,512 | 12,510 |
| 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% |
- 3,763
- 3,217
- Operating Profit
- —
- OPM %
- —
- Other Income
- 68
- Interest
- 133
- Depreciation
- 103
- 377
- Tax %
- 26.04%
- Net Profit
- 279
- 9
- Equity Capital
- 64
- Reserves
- 8,752
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 8,752
- Promoter Pledge %
- 0.00%
- 4,561
- 3,860
- Operating Profit
- —
- OPM %
- —
- Other Income
- 50
- Interest
- 160
- Depreciation
- 112
- 478
- Tax %
- 26.58%
- Net Profit
- 351
- 6
- Equity Capital
- 64
- Reserves
- 9,108
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 9,108
- Promoter Pledge %
- 0.00%
- 4,719
- 3,896
- Operating Profit
- —
- OPM %
- —
- Other Income
- 67
- Interest
- 150
- Depreciation
- 117
- 623
- Tax %
- 26.92%
- Net Profit
- 455
- 7
- Equity Capital
- 64
- Reserves
- 9,606
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 9,606
- Promoter Pledge %
- 0.00%
- 4,919
- 4,034
- Operating Profit
- —
- OPM %
- —
- Other Income
- 87
- Interest
- 143
- Depreciation
- 120
- 710
- Tax %
- 25.52%
- Net Profit
- 529
- 8
- Equity Capital
- 64
- Reserves
- 10,127
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 10,127
- Promoter Pledge %
- 0.00%
- 4,337
- 3,575
- Operating Profit
- —
- OPM %
- —
- Other Income
- 80
- Interest
- 122
- Depreciation
- 119
- 601
- Tax %
- 25.80%
- Net Profit
- 446
- 7
- Equity Capital
- 64
- Reserves
- 10,447
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 10,447
- Promoter Pledge %
- 0.00%
- 4,724
- 3,915
- Operating Profit
- —
- OPM %
- —
- Other Income
- 66
- Interest
- 131
- Depreciation
- 119
- 625
- Tax %
- 23.69%
- Net Profit
- 477
- 7
- Equity Capital
- 64
- Reserves
- 10,925
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 10,925
- Promoter Pledge %
- 0.00%
- 4,474
- 3,639
- Operating Profit
- —
- OPM %
- —
- Other Income
- 47
- Interest
- 136
- Depreciation
- 119
- 626
- Tax %
- 23.82%
- Net Profit
- 477
- 8
- Equity Capital
- 64
- Reserves
- 11,403
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 11,403
- Promoter Pledge %
- 0.00%
- 4,401
- 3,593
- Operating Profit
- —
- OPM %
- —
- Other Income
- 48
- Interest
- 99
- Depreciation
- 122
- 635
- Tax %
- 25.35%
- Net Profit
- 474
- 7
- Equity Capital
- 64
- Reserves
- 11,874
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 11,874
- Promoter Pledge %
- 0.00%
- 3,300
- 2,767
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 131
- Depreciation
- 122
- 307
- Tax %
- -18.55%
- Net Profit
- 364
- 6
- Equity Capital
- 64
- Reserves
- 12,109
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 12,109
- Promoter Pledge %
- 0.00%
- 3,372
- 3,074
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 108
- Depreciation
- 122
- 105
- Tax %
- 24.31%
- Net Profit
- 79
- 1
- Equity Capital
- 64
- Reserves
- 12,188
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 12,188
- Promoter Pledge %
- 0.00%
- 4,129
- 3,630
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 103
- Depreciation
- 122
- 302
- Tax %
- 24.90%
- Net Profit
- 227
- 4
- Equity Capital
- 64
- Reserves
- 12,417
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 12,417
- Promoter Pledge %
- 0.00%
- 3,818
- 3,439
- Operating Profit
- —
- OPM %
- —
- Other Income
- 33
- Interest
- 127
- Depreciation
- 129
- 156
- Tax %
- 27.07%
- Net Profit
- 114
- 2
- Equity Capital
- 64
- Reserves
- 12,512
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 12,512
- Promoter Pledge %
- 0.00%
- 3,721
- 3,611
- Operating Profit
- —
- OPM %
- —
- Other Income
- 34
- Interest
- 71
- Depreciation
- 125
- 145
- Tax %
- 24.30%
- Net Profit
- 110
- 0
- Equity Capital
- 64
- Reserves
- 12,510
- Promoter Pledge %
- 0.00%
- Equity Capital
- 64
- Reserves
- 12,510
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,678 | 7,310 | 9,829 | 10,129 | 8,632 | 11,022 | 15,283 | 17,962 | 17,936 | 14,620 | 15,041 | |
| 4,749 | 6,273 | 8,615 | 8,831 | 7,708 | 9,909 | 13,943 | 15,152 | 14,878 | 12,971 | 13,753 | |
| Operating Profit | 1,197 | 1,264 | 1,517 | 1,552 | 1,257 | 1,385 | 1,827 | 3,226 | 3,456 | 1,835 | — |
| OPM % | 21 | 17 | 15 | 15 | 15 | 13 | 12 | 18 | 19 | 13 | — |
| Other Income | 267 | 227 | 302 | 254 | 334 | 271 | 488 | 416 | 398 | 185 | 132 |
| Interest | 380 | 420 | 496 | 516 | 404 | 369 | 534 | 586 | 488 | 470 | 410 |
| Depreciation | 229 | 256 | 281 | 310 | 346 | 372 | 355 | 452 | 479 | 494 | 498 |
| 591 | 588 | 739 | 592 | 507 | 637 | 938 | 2,188 | 2,488 | 870 | 708 | |
| Tax % | 35 | 33 | 33 | -0 | 35 | 36 | 24 | 26 | 25 | 10 | 25 |
| Net Profit | 386 | 394 | 498 | 594 | 329 | 405 | 715 | 1,614 | 1,874 | 784 | 530 |
| EPS | 10 | 12 | 16 | 19 | 10 | 13 | 22 | 50 | 29 | 12 | — |
| Dividend Payout % | 8 | 10 | 13 | 11 | 19 | 16 | 13 | 8 | 7 | 16 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 6 | 6 | 8 | 9 | 5 | 6 | 11 | 25 | 29 | 12 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 6 | 6 | 8 | 9 | 5 | 6 | 11 | 25 | 29 | 12 | — |
- 5,678
- 4,749
- Operating Profit
- 1,197
- OPM %
- 21
- Other Income
- 267
- Interest
- 380
- Depreciation
- 229
- 591
- Tax %
- 35
- Net Profit
- 386
- EPS
- 10
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- 7,310
- 6,273
- Operating Profit
- 1,264
- OPM %
- 17
- Other Income
- 227
- Interest
- 420
- Depreciation
- 256
- 588
- Tax %
- 33
- Net Profit
- 394
- EPS
- 12
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- 9,829
- 8,615
- Operating Profit
- 1,517
- OPM %
- 15
- Other Income
- 302
- Interest
- 496
- Depreciation
- 281
- 739
- Tax %
- 33
- Net Profit
- 498
- EPS
- 16
- Dividend Payout %
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- 10,129
- 8,831
- Operating Profit
- 1,552
- OPM %
- 15
- Other Income
- 254
- Interest
- 516
- Depreciation
- 310
- 592
- Tax %
- -0
- Net Profit
- 594
- EPS
- 19
- Dividend Payout %
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- 8,632
- 7,708
- Operating Profit
- 1,257
- OPM %
- 15
- Other Income
- 334
- Interest
- 404
- Depreciation
- 346
- 507
- Tax %
- 35
- Net Profit
- 329
- EPS
- 10
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- 11,022
- 9,909
- Operating Profit
- 1,385
- OPM %
- 13
- Other Income
- 271
- Interest
- 369
- Depreciation
- 372
- 637
- Tax %
- 36
- Net Profit
- 405
- EPS
- 13
- Dividend Payout %
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- 15,283
- 13,943
- Operating Profit
- 1,827
- OPM %
- 12
- Other Income
- 488
- Interest
- 534
- Depreciation
- 355
- 938
- Tax %
- 24
- Net Profit
- 715
- EPS
- 22
- Dividend Payout %
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- 17,962
- 15,152
- Operating Profit
- 3,226
- OPM %
- 18
- Other Income
- 416
- Interest
- 586
- Depreciation
- 452
- 2,188
- Tax %
- 26
- Net Profit
- 1,614
- EPS
- 50
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
- 17,936
- 14,878
- Operating Profit
- 3,456
- OPM %
- 19
- Other Income
- 398
- Interest
- 488
- Depreciation
- 479
- 2,488
- Tax %
- 25
- Net Profit
- 1,874
- EPS
- 29
- Dividend Payout %
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 29
- 14,620
- 12,971
- Operating Profit
- 1,835
- OPM %
- 13
- Other Income
- 185
- Interest
- 470
- Depreciation
- 494
- 870
- Tax %
- 10
- Net Profit
- 784
- EPS
- 12
- Dividend Payout %
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- 15,041
- 13,753
- Operating Profit
- —
- OPM %
- —
- Other Income
- 132
- Interest
- 410
- Depreciation
- 498
- 708
- Tax %
- 25
- Net Profit
- 530
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 9%
- 5 Years:
- 11%
- 3 Years:
- -1%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 13%
- 5 Years:
- 19%
- 3 Years:
- 3%
STOCK PRICE CAGR
- 10 Years:
- 27%
- 5 Years:
- 35%
- 3 Years:
- 18%
- 1 Year:
- 31%
RETURN ON EQUITY
- 10 Years:
- 9%
- 5 Years:
- 11%
- 3 Years:
- 14%
- Last Year:
- 6%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 5,500 | 5,849 | 6,302 | 6,799 | 7,074 | 7,425 | 8,036 | 10,069 | 11,840 | 12,503 | |
| 2,000 | 2,649 | 2,556 | 2,481 | 1,552 | 2,789 | 2,087 | 2,090 | 2,121 | 2,171 | |
| Trade Payables | 291 | 379 | 1,573 | 1,246 | 1,688 | 1,337 | 2,834 | 2,811 | 2,323 | 2,399 |
| 3,081 | 2,842 | 2,812 | 2,563 | 3,558 | 2,945 | 3,127 | 3,715 | 2,644 | 2,412 | |
| Total Liabilities | 10,937 | 11,783 | 13,307 | 13,152 | 13,935 | 14,561 | 16,149 | 18,749 | 18,992 | 19,549 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 5,773 | 5,638 | 5,697 | 5,973 | 5,913 | 5,854 | 5,958 | 7,338 | 7,799 | 8,344 | |
| Capital Work in Progress | 65 | 108 | 231 | 205 | 157 | 166 | 206 | 541 | 543 | 308 |
| 591 | 649 | 665 | 638 | 716 | 1,025 | 1,122 | 1,182 | 2,090 | 2,339 | |
| 1,799 | 1,951 | 2,746 | 2,194 | 2,454 | 3,071 | 3,351 | 3,970 | 4,182 | 4,545 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,927 | 3,015 | 2,546 | |
| Cash & Bank | 40 | 42 | 111 | 257 | 487 | 517 | 63 | 598 | 589 | 247 |
| 2,668 | 3,396 | 3,857 | 3,885 | 4,208 | 3,928 | 5,447 | 2,193 | 774 | 1,220 | |
| Total Assets | 10,937 | 11,783 | 13,307 | 13,152 | 13,935 | 14,561 | 16,149 | 18,749 | 18,992 | 19,549 |
| Total Debt | 4,151 | 4,445 | 4,175 | 3,807 | 3,523 | 4,173 | 3,290 | 3,887 | 3,006 | 2,718 |
| Net Working Capital | 1,255 | 1,717 | 1,698 | 1,778 | 2,132 | 1,878 | 2,448 | 3,193 | 2,845 | 2,773 |
| Contingent Liabilities | 2,295 | 2,703 | 2,527 | 3,000 | 2,099 | 3,026 | 3,768 | 4,999 | 3,991 | 3,613 |
| Book Value per Share | 174.00 | 184.92 | 199.07 | 214.62 | 223.24 | 234.21 | 253.32 | 316.89 | 186.13 | 196.51 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 |
| Total Debt | 4,151 | 4,445 | 4,175 | 3,807 | 3,523 | 4,173 | 3,290 | 3,887 | 3,006 | 2,718 |
| Net Working Capital | 1,255 | 1,717 | 1,698 | 1,778 | 2,132 | 1,878 | 2,448 | 3,193 | 2,845 | 2,773 |
| Contingent Liabilities | 2,295 | 2,703 | 2,527 | 3,000 | 2,099 | 3,026 | 3,768 | 4,999 | 3,991 | 3,613 |
| Book Value per Share | 174.00 | 184.92 | 199.07 | 214.62 | 223.24 | 234.21 | 253.32 | 316.89 | 186.13 | 196.51 |
| 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
- 5,500
- 2,000
- Trade Payables
- 291
- 3,081
- Total Liabilities
- 10,937
- 5,773
- Capital Work in Progress
- 65
- 591
- 1,799
- 0
- Cash & Bank
- 40
- 2,668
- Total Assets
- 10,937
- Total Debt
- 4,151
- Net Working Capital
- 1,255
- Contingent Liabilities
- 2,295
- Book Value per Share
- 174.00
- Face Value
- 2.00
- Total Debt
- 4,151
- Net Working Capital
- 1,255
- Contingent Liabilities
- 2,295
- Book Value per Share
- 174.00
- Face Value
- 2.00
- Equity Capital
- 64
- 5,849
- 2,649
- Trade Payables
- 379
- 2,842
- Total Liabilities
- 11,783
- 5,638
- Capital Work in Progress
- 108
- 649
- 1,951
- 0
- Cash & Bank
- 42
- 3,396
- Total Assets
- 11,783
- Total Debt
- 4,445
- Net Working Capital
- 1,717
- Contingent Liabilities
- 2,703
- Book Value per Share
- 184.92
- Face Value
- 2.00
- Total Debt
- 4,445
- Net Working Capital
- 1,717
- Contingent Liabilities
- 2,703
- Book Value per Share
- 184.92
- Face Value
- 2.00
- Equity Capital
- 64
- 6,302
- 2,556
- Trade Payables
- 1,573
- 2,812
- Total Liabilities
- 13,307
- 5,697
- Capital Work in Progress
- 231
- 665
- 2,746
- 0
- Cash & Bank
- 111
- 3,857
- Total Assets
- 13,307
- Total Debt
- 4,175
- Net Working Capital
- 1,698
- Contingent Liabilities
- 2,527
- Book Value per Share
- 199.07
- Face Value
- 2.00
- Total Debt
- 4,175
- Net Working Capital
- 1,698
- Contingent Liabilities
- 2,527
- Book Value per Share
- 199.07
- Face Value
- 2.00
- Equity Capital
- 64
- 6,799
- 2,481
- Trade Payables
- 1,246
- 2,563
- Total Liabilities
- 13,152
- 5,973
- Capital Work in Progress
- 205
- 638
- 2,194
- 0
- Cash & Bank
- 257
- 3,885
- Total Assets
- 13,152
- Total Debt
- 3,807
- Net Working Capital
- 1,778
- Contingent Liabilities
- 3,000
- Book Value per Share
- 214.62
- Face Value
- 2.00
- Total Debt
- 3,807
- Net Working Capital
- 1,778
- Contingent Liabilities
- 3,000
- Book Value per Share
- 214.62
- Face Value
- 2.00
- Equity Capital
- 64
- 7,074
- 1,552
- Trade Payables
- 1,688
- 3,558
- Total Liabilities
- 13,935
- 5,913
- Capital Work in Progress
- 157
- 716
- 2,454
- 0
- Cash & Bank
- 487
- 4,208
- Total Assets
- 13,935
- Total Debt
- 3,523
- Net Working Capital
- 2,132
- Contingent Liabilities
- 2,099
- Book Value per Share
- 223.24
- Face Value
- 2.00
- Total Debt
- 3,523
- Net Working Capital
- 2,132
- Contingent Liabilities
- 2,099
- Book Value per Share
- 223.24
- Face Value
- 2.00
- Equity Capital
- 64
- 7,425
- 2,789
- Trade Payables
- 1,337
- 2,945
- Total Liabilities
- 14,561
- 5,854
- Capital Work in Progress
- 166
- 1,025
- 3,071
- 0
- Cash & Bank
- 517
- 3,928
- Total Assets
- 14,561
- Total Debt
- 4,173
- Net Working Capital
- 1,878
- Contingent Liabilities
- 3,026
- Book Value per Share
- 234.21
- Face Value
- 2.00
- Total Debt
- 4,173
- Net Working Capital
- 1,878
- Contingent Liabilities
- 3,026
- Book Value per Share
- 234.21
- Face Value
- 2.00
- Equity Capital
- 64
- 8,036
- 2,087
- Trade Payables
- 2,834
- 3,127
- Total Liabilities
- 16,149
- 5,958
- Capital Work in Progress
- 206
- 1,122
- 3,351
- 0
- Cash & Bank
- 63
- 5,447
- Total Assets
- 16,149
- Total Debt
- 3,290
- Net Working Capital
- 2,448
- Contingent Liabilities
- 3,768
- Book Value per Share
- 253.32
- Face Value
- 2.00
- Total Debt
- 3,290
- Net Working Capital
- 2,448
- Contingent Liabilities
- 3,768
- Book Value per Share
- 253.32
- Face Value
- 2.00
- Equity Capital
- 64
- 10,069
- 2,090
- Trade Payables
- 2,811
- 3,715
- Total Liabilities
- 18,749
- 7,338
- Capital Work in Progress
- 541
- 1,182
- 3,970
- 2,927
- Cash & Bank
- 598
- 2,193
- Total Assets
- 18,749
- Total Debt
- 3,887
- Net Working Capital
- 3,193
- Contingent Liabilities
- 4,999
- Book Value per Share
- 316.89
- Face Value
- 2.00
- Total Debt
- 3,887
- Net Working Capital
- 3,193
- Contingent Liabilities
- 4,999
- Book Value per Share
- 316.89
- Face Value
- 2.00
- Equity Capital
- 64
- 11,840
- 2,121
- Trade Payables
- 2,323
- 2,644
- Total Liabilities
- 18,992
- 7,799
- Capital Work in Progress
- 543
- 2,090
- 4,182
- 3,015
- Cash & Bank
- 589
- 774
- Total Assets
- 18,992
- Total Debt
- 3,006
- Net Working Capital
- 2,845
- Contingent Liabilities
- 3,991
- Book Value per Share
- 186.13
- Face Value
- 1.00
- Total Debt
- 3,006
- Net Working Capital
- 2,845
- Contingent Liabilities
- 3,991
- Book Value per Share
- 186.13
- Face Value
- 1.00
- Equity Capital
- 64
- 12,503
- 2,171
- Trade Payables
- 2,399
- 2,412
- Total Liabilities
- 19,549
- 8,344
- Capital Work in Progress
- 308
- 2,339
- 4,545
- 2,546
- Cash & Bank
- 247
- 1,220
- Total Assets
- 19,549
- Total Debt
- 2,718
- Net Working Capital
- 2,773
- Contingent Liabilities
- 3,613
- Book Value per Share
- 196.51
- Face Value
- 1.00
- Total Debt
- 2,718
- Net Working Capital
- 2,773
- Contingent Liabilities
- 3,613
- Book Value per Share
- 196.51
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,317 | 573 | 1,270 | 1,465 | 1,344 | 191 | 1,338 | 2,137 | 1,855 | 1,638 | |
| Cash from Investing | -111 | -454 | -487 | -393 | -355 | -288 | -46 | -1,657 | -303 | -1,022 |
| Cash from Financing | -1,278 | -137 | -731 | -1,001 | -748 | 161 | -1,691 | -40 | -1,519 | -892 |
| -72 | -17 | 52 | 72 | 241 | 65 | -399 | 439 | 34 | -276 | |
| Free Cash Flow | 1,207 | 465 | 844 | 913 | 1,144 | -92 | 992 | 32 | 1,027 | 909 |
| OCF / Net Profit | 3.41 | 1.45 | 2.55 | 2.47 | 4.08 | 0.47 | 1.87 | 1.32 | 0.99 | 2.09 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 4,573 | 3,274 | 3,801 | 2,989 | 3,103 | 2,868 |
| OCF / Net Profit | 3.41 | 1.45 | 2.55 | 2.47 | 4.08 | 0.47 | 1.87 | 1.32 | 0.99 | 2.09 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 4,573 | 3,274 | 3,801 | 2,989 | 3,103 | 2,868 |
- 1,317
- Cash from Investing
- -111
- Cash from Financing
- -1,278
- -72
- Free Cash Flow
- 1,207
- OCF / Net Profit
- 3.41
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.41
- Cumulative 5-Year FCF
- 0
- 573
- Cash from Investing
- -454
- Cash from Financing
- -137
- -17
- Free Cash Flow
- 465
- OCF / Net Profit
- 1.45
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.45
- Cumulative 5-Year FCF
- 0
- 1,270
- Cash from Investing
- -487
- Cash from Financing
- -731
- 52
- Free Cash Flow
- 844
- OCF / Net Profit
- 2.55
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.55
- Cumulative 5-Year FCF
- 0
- 1,465
- Cash from Investing
- -393
- Cash from Financing
- -1,001
- 72
- Free Cash Flow
- 913
- OCF / Net Profit
- 2.47
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.47
- Cumulative 5-Year FCF
- 0
- 1,344
- Cash from Investing
- -355
- Cash from Financing
- -748
- 241
- Free Cash Flow
- 1,144
- OCF / Net Profit
- 4.08
- Cumulative 5-Year FCF
- 4,573
- OCF / Net Profit
- 4.08
- Cumulative 5-Year FCF
- 4,573
- 191
- Cash from Investing
- -288
- Cash from Financing
- 161
- 65
- Free Cash Flow
- -92
- OCF / Net Profit
- 0.47
- Cumulative 5-Year FCF
- 3,274
- OCF / Net Profit
- 0.47
- Cumulative 5-Year FCF
- 3,274
- 1,338
- Cash from Investing
- -46
- Cash from Financing
- -1,691
- -399
- Free Cash Flow
- 992
- OCF / Net Profit
- 1.87
- Cumulative 5-Year FCF
- 3,801
- OCF / Net Profit
- 1.87
- Cumulative 5-Year FCF
- 3,801
- 2,137
- Cash from Investing
- -1,657
- Cash from Financing
- -40
- 439
- Free Cash Flow
- 32
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 2,989
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 2,989
- 1,855
- Cash from Investing
- -303
- Cash from Financing
- -1,519
- 34
- Free Cash Flow
- 1,027
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- 3,103
- OCF / Net Profit
- 0.99
- Cumulative 5-Year FCF
- 3,103
- 1,638
- Cash from Investing
- -1,022
- Cash from Financing
- -892
- -276
- Free Cash Flow
- 909
- OCF / Net Profit
- 2.09
- Cumulative 5-Year FCF
- 2,868
- OCF / Net Profit
- 2.09
- Cumulative 5-Year FCF
- 2,868
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 12.07 | 12.33 | 15.58 | 18.59 | 10.29 | 12.68 | 22.36 | 50.48 | 29.31 | 12.26 |
| Book Value (₹) | 174.00 | 184.92 | 199.07 | 214.62 | 223.24 | 234.21 | 253.32 | 316.89 | 186.13 | 196.51 |
| 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 (₹) | 9.62 | 10.17 | 12.19 | 14.15 | 10.56 | 12.15 | 16.72 | 32.31 | 36.81 | 19.99 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 20.23% | 17.17% | 15.43% | 15.33% | 14.56% | 12.57% | 11.95% | 15.64% | 17.05% | 11.28% |
| Net Margin % | 6.53% | 5.36% | 5.07% | 5.87% | 3.81% | 3.68% | 4.68% | 8.99% | 10.45% | 5.36% |
| ROE % | 7.11% | 6.87% | 8.11% | 8.99% | 4.70% | 5.54% | 9.17% | 17.71% | 17.01% | 6.41% |
| ROCE % | 9.71% | 10.04% | 11.82% | 10.44% | 8.54% | 9.02% | 12.77% | 21.78% | 20.51% | 8.86% |
| 3.44% | 3.47% | 3.97% | 4.49% | 2.43% | 2.85% | 4.66% | 9.25% | 9.93% | 4.07% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 86 | 71 | 65 | 61 | 69 | 53 | 55 | 62 | 60 | 69 |
| Inventory Days | 111 | 93 | 87 | 89 | 98 | 91 | 77 | 74 | 83 | 109 |
| Payable Days | 36 | 29 | 57 | 82 | 105 | 84 | 78 | 66 | 52 | 62 |
| 161 | 135 | 95 | 68 | 62 | 60 | 54 | 70 | 91 | 116 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.75x | 0.75x | 0.66x | 0.55x | 0.49x | 0.56x | 0.41x | 0.38x | 0.25x | 0.22x |
| Interest Coverage (x) | 2.55x | 2.40x | 2.49x | 2.15x | 2.25x | 2.73x | 2.76x | 4.74x | 6.09x | 2.85x |
| 1.42x | 1.51x | 1.37x | 1.44x | 1.47x | 1.37x | 1.40x | 1.51x | 1.52x | 1.52x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -7.21% | 28.73% | 34.47% | 3.04% | -14.78% | 27.69% | 38.65% | 17.53% | -0.14% | -18.49% |
| Operating Profit Growth % | 7.58% | 5.64% | 19.95% | 2.36% | -19.02% | 10.19% | 31.90% | 76.59% | 7.12% | -46.91% |
| Net Profit Growth % | 74.43% | 2.13% | 26.32% | 19.35% | -44.65% | 23.23% | 76.29% | 125.80% | 16.13% | -58.18% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 125.80% | -41.93% | -58.18% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.28x | 9.21x | 14.95x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.36x | 1.45x | 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 | 5.70x | 7.73x |
- EPS (₹)
- 12.07
- Book Value (₹)
- 174.00
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 9.62
- Operating Margin %
- 20.23%
- Net Margin %
- 6.53%
- ROE %
- 7.11%
- ROCE %
- 9.71%
- 3.44%
- Debtor Days
- 86
- Inventory Days
- 111
- Payable Days
- 36
- 161
- Debt to Equity (x)
- 0.75x
- Interest Coverage (x)
- 2.55x
- 1.42x
- Revenue Growth %
- -7.21%
- Operating Profit Growth %
- 7.58%
- Net Profit Growth %
- 74.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 12.33
- Book Value (₹)
- 184.92
- Dividend per Share (₹)
- 1.20
- Cash EPS (₹)
- 10.17
- Operating Margin %
- 17.17%
- Net Margin %
- 5.36%
- ROE %
- 6.87%
- ROCE %
- 10.04%
- 3.47%
- Debtor Days
- 71
- Inventory Days
- 93
- Payable Days
- 29
- 135
- Debt to Equity (x)
- 0.75x
- Interest Coverage (x)
- 2.40x
- 1.51x
- Revenue Growth %
- 28.73%
- Operating Profit Growth %
- 5.64%
- Net Profit Growth %
- 2.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 15.58
- Book Value (₹)
- 199.07
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 12.19
- Operating Margin %
- 15.43%
- Net Margin %
- 5.07%
- ROE %
- 8.11%
- ROCE %
- 11.82%
- 3.97%
- Debtor Days
- 65
- Inventory Days
- 87
- Payable Days
- 57
- 95
- Debt to Equity (x)
- 0.66x
- Interest Coverage (x)
- 2.49x
- 1.37x
- Revenue Growth %
- 34.47%
- Operating Profit Growth %
- 19.95%
- Net Profit Growth %
- 26.32%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 18.59
- Book Value (₹)
- 214.62
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 14.15
- Operating Margin %
- 15.33%
- Net Margin %
- 5.87%
- ROE %
- 8.99%
- ROCE %
- 10.44%
- 4.49%
- Debtor Days
- 61
- Inventory Days
- 89
- Payable Days
- 82
- 68
- Debt to Equity (x)
- 0.55x
- Interest Coverage (x)
- 2.15x
- 1.44x
- Revenue Growth %
- 3.04%
- Operating Profit Growth %
- 2.36%
- Net Profit Growth %
- 19.35%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 10.29
- Book Value (₹)
- 223.24
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 10.56
- Operating Margin %
- 14.56%
- Net Margin %
- 3.81%
- ROE %
- 4.70%
- ROCE %
- 8.54%
- 2.43%
- Debtor Days
- 69
- Inventory Days
- 98
- Payable Days
- 105
- 62
- Debt to Equity (x)
- 0.49x
- Interest Coverage (x)
- 2.25x
- 1.47x
- Revenue Growth %
- -14.78%
- Operating Profit Growth %
- -19.02%
- Net Profit Growth %
- -44.65%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 12.68
- Book Value (₹)
- 234.21
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 12.15
- Operating Margin %
- 12.57%
- Net Margin %
- 3.68%
- ROE %
- 5.54%
- ROCE %
- 9.02%
- 2.85%
- Debtor Days
- 53
- Inventory Days
- 91
- Payable Days
- 84
- 60
- Debt to Equity (x)
- 0.56x
- Interest Coverage (x)
- 2.73x
- 1.37x
- Revenue Growth %
- 27.69%
- Operating Profit Growth %
- 10.19%
- Net Profit Growth %
- 23.23%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 22.36
- Book Value (₹)
- 253.32
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 16.72
- Operating Margin %
- 11.95%
- Net Margin %
- 4.68%
- ROE %
- 9.17%
- ROCE %
- 12.77%
- 4.66%
- Debtor Days
- 55
- Inventory Days
- 77
- Payable Days
- 78
- 54
- Debt to Equity (x)
- 0.41x
- Interest Coverage (x)
- 2.76x
- 1.40x
- Revenue Growth %
- 38.65%
- Operating Profit Growth %
- 31.90%
- Net Profit Growth %
- 76.29%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 50.48
- Book Value (₹)
- 316.89
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 32.31
- Operating Margin %
- 15.64%
- Net Margin %
- 8.99%
- ROE %
- 17.71%
- ROCE %
- 21.78%
- 9.25%
- Debtor Days
- 62
- Inventory Days
- 74
- Payable Days
- 66
- 70
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- 4.74x
- 1.51x
- Revenue Growth %
- 17.53%
- Operating Profit Growth %
- 76.59%
- Net Profit Growth %
- 125.80%
- 125.80%
- P/E (x)
- 4.28x
- P/B (x)
- 1.36x
- Dividend Yield %
- 0.93%
- 5.30x
- EPS (₹)
- 29.31
- Book Value (₹)
- 186.13
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 36.81
- Operating Margin %
- 17.05%
- Net Margin %
- 10.45%
- ROE %
- 17.01%
- ROCE %
- 20.51%
- 9.93%
- Debtor Days
- 60
- Inventory Days
- 83
- Payable Days
- 52
- 91
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 6.09x
- 1.52x
- Revenue Growth %
- -0.14%
- Operating Profit Growth %
- 7.12%
- Net Profit Growth %
- 16.13%
- -41.93%
- P/E (x)
- 9.21x
- P/B (x)
- 1.45x
- Dividend Yield %
- 0.74%
- 5.70x
- EPS (₹)
- 12.26
- Book Value (₹)
- 196.51
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 19.99
- Operating Margin %
- 11.28%
- Net Margin %
- 5.36%
- ROE %
- 6.41%
- ROCE %
- 8.86%
- 4.07%
- Debtor Days
- 69
- Inventory Days
- 109
- Payable Days
- 62
- 116
- Debt to Equity (x)
- 0.22x
- Interest Coverage (x)
- 2.85x
- 1.52x
- Revenue Growth %
- -18.49%
- Operating Profit Growth %
- -46.91%
- Net Profit Growth %
- -58.18%
- -58.18%
- P/E (x)
- 14.95x
- P/B (x)
- 0.93x
- Dividend Yield %
- 1.09%
- 7.73x
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

