āagman

Not investment advice. Data and computed figures, for information only.

Jindal Saw Ltd

NSE: JINDALSAW
₹299.20
+₹2.10 (+0.71%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹17,241 Cr
CMP
₹299.20
52-wk High / Low
₹320 / 153
P/E
26.4
P/B
1.4
Book Value
₹197.0
Div Yield
0.74%
ROCE
10.0%
ROE
8.2%
Face Value
₹1
D/E
0.37

Price+45.0% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹260
√(22.5 × EPS × book value per share)
ROIC
8.0%
vs 12.3% sector median
Cash flow to profit
1.91
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−762
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
6.6%
ROE × earnings retention ratio
ROE stability
4.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.38DII +2.57
Latest quarter vs the previous one
Cash-accrual divergence
−4.0%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 37.8% since FY2016 (7547 to 4691)
+Price trades above its 200-day moving average (1.3x)
+Price is within 10% of its 52-week high (-6.5%)
+PE of 26.4x is below the sector median of 43.6x
Watch-outs
−Latest ROCE of 10% trails the sector median of 19%
−Annualised volatility of 46.6% is in the high band (≥45%)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,4105,4665,6565,4254,9395,5725,2715,0474,0854,2344,9434,6334,452
Expenses3,8034,6634,6684,5054,1004,6584,3324,3103,4153,7824,3314,1564,061
Operating Profit608804988920840914939736670451613478391
OPM %13.8%14.7%17.5%17.0%17.0%16.4%17.8%14.6%16.4%10.7%12.4%10.3%8.8%
Other Income37224069513729282940222324
Interest160189182174154158173139171153133163108
Depreciation132141147149148151151153153156155167164
Profit before tax354496700667588643645473374183347172143
Net Profit2443565124804164754798741513924812491
EPS (₹)4.145.908.347.856.907.817.924.556.632.384.032.181.63

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8,2087,7037,0708,50712,11711,62710,66413,29817,86820,95820,82917,89518,263
Expenses7,2546,9796,3937,46610,64510,1169,42211,89916,19217,63117,38515,66616,330
Operating Profit9547236771,0411,4721,5111,2421,3991,6763,3263,4442,2291,933
OPM %11.6%9.4%9.6%12.2%12.1%13.0%11.6%10.5%9.4%15.9%16.5%12.5%10.6%
Other Income7613633024515−320915515516213097109
Interest606679569579615620493460642705623620557
Depreciation335328337363396422459473470568602630641
Profit before tax89−1481011229754674996217192,2162,3491,076844
Net Profit−27−8039−117644613283764521,5931,458925601
EPS (₹)−0.25−0.661.782.7913.298.674.996.4410.0726.2227.1815.2210.22

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital586164646464646464646464—
Reserves5,3325,0615,3225,4326,2186,7006,9197,3007,85710,02911,34712,510—
Borrowings8,1027,5476,2226,3115,6925,6495,3356,0314,9615,7614,8594,691—
Other Liabilities2,5071,6761,2481,3892,8072,6693,4973,0485,0014,8244,3954,307—
Total Liabilities15,99914,34612,85613,19714,78115,08215,81516,44317,88320,67920,66521,572—
Fixed Assets8,2397,9777,4557,1207,1637,4917,3167,3577,4848,8539,34110,409—
CWIP531254102126260423404293300632641453—
Investments309154119110190129198224175178168105—
Other Assets6,9215,9615,1805,8407,1697,0397,8988,5709,92411,01610,51610,606—
Total Assets15,99914,34612,85613,19714,78115,08215,81516,44317,88320,67920,66521,572—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−1839171,1635651,5671,6651,570731,6162,5932,3351,771
Cash from Investing Activity−867−517−428−121−518−468−359−190−68−1,917−897−947
Cash from Financing Activity1,253−512−816−470−977−1,168−83161−1,966−12−1,524−1,073
Net Cash Flow203−112−81−257228379−55−419663−86−249

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.04.04.07.011.010.08.09.011.021.019.010.0
ROE %———————————8.2
EPS (₹)−0.25−0.661.782.7913.298.674.996.4410.0726.2227.1815.22
Book Value (₹)———————————197.0
Face Value (₹)———————————1
P/E———————————26.4
Div Yield %———————————0.74
NPM %−0.3−1.00.5−0.16.04.03.02.82.57.57.05.1
OPM %12.09.010.012.012.013.012.011.09.016.017.012.0
D/E1.501.471.161.150.910.840.760.820.630.570.430.37
P/B———————————1.4

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+9.0%
5 years+11.0%
3 years+0.0%
TTM−9.0%
Compounded profit growth
10 years+42.0%
5 years+25.0%
3 years+14.0%
TTM−62.0%
Stock price CAGR
10 years+24.0%
5 years+36.0%
3 years+15.0%
Last year+31.0%
Return on equity
10 years9.0%
5 years12.0%
3 years14.0%
Last year8.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters61.16%61.16%63.02%63.01%63.01%63.02%63.02%63.02%63.25%63.27%63.28%63.25%63.25%
FIIs0.12%0.12%11.25%12.79%10.01%11.81%9.54%11.61%14.94%14.66%16.99%13.46%13.08%
DIIs22.40%22.40%10.04%4.26%2.42%1.26%1.17%0.84%1.20%2.99%4.40%5.79%8.36%
Government—————————————
Public16.33%16.33%15.69%19.94%24.56%23.52%25.70%23.87%19.98%18.60%14.95%17.20%15.03%
No. of shareholders49,49549,49545,96554,14659,02658,62278,6731,13,11485,8391,19,4221,74,1892,07,7321,78,027
Change since Jun 2023 (pp)
Promoters +2.09FIIs +12.96DIIs −14.04Public −1.30

Documents

As of 11 Oct 2026
Announcements
Board Meeting Intimation for Unaudited Standalone And Consolidated Financial Results For The Quarter/Half Year Ended 30.09.2026Announcement under Regulation 30 (LODR)-Credit RatingCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Closure of Trading WindowAffirmation Of Credit Ratings
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026RecordingOct 2025TranscriptOct 2025PPTOct 2025RecordingAug 2025TranscriptAug 2025PPT

Corporate actions

As of 22 May 2026
22 May 2026DIVIDENDDividend - Rs 2 Per Share—
5 Jun 2025DIVIDENDDividend - Rs 2 Per Share—
9 Oct 2024SPLITFace Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share2 : 1
11 Jun 2024DIVIDENDAnnual General Meeting/Dividend - Rs 4 Per Share—
13 Jun 2023DIVIDENDAnnual General Meeting/Dividend - Rs 3 Per Share—
19 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Rs 2 Per Share—
8 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 2 Per Share—
17 Sep 2020DIVIDEND Annual General Meeting/Dividend - Rs 2 Per Share—
29 Aug 2019DIVIDEND Annual General Meeting/Dividend Rs 2 Per Sh—
18 Sep 2018DIVIDEND Annual General Meeting/Dividend- Rs 1.20 Per Share—
15 Sep 2017DIVIDEND Annual General Meeting/Dividend - Re 1/- Per Share—
14 Dec 2016DIVIDEND Annual General Meeting/Dividend Re 1/- Per Share—
25 Aug 2016DEMERGER Scheme Of Arrangement—
10 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Re 1/- Per Share—
5 Sep 2014DIVIDENDAnnual General Meeting / Dividend - Re 1/- Per Share—
23 Sep 2013DIVIDENDAnnual General Meeting And Dividend Re.1/- Per Share—
21 Sep 2012DIVIDENDAnnual General Meeting And Dividend - Re.1/- Per Share—
22 Nov 2011DEMERGERScheme Of Arrangement—
26 Sep 2011DIVIDENDAnnual General Meeting And Dividend Re.1/- Per Share—
9 Sep 2010DIVIDENDAnnual General Meeting And Dividend Rs.1.25 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman