Jindal Saw Ltd.

NSE: JINDALSAW · Capital Goods

₹251.00-3.11%06 Nov 2026

Ask the data

Instant answers about Jindal Saw Ltd. — computed from its filings, no language model

Market cap₹16,051 cr

Current price₹251.00

High / Low₹318 / ₹155

P/E29.3

P/B1.27

Book value₹197.2

ROE4.4%

ROCE7.2%

Debt / equity0.33

Dividend yield0.79%

EPS (TTM)₹8.58

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	11,627	107	13,298	17,868	20,958	20,829	17,895
EBITDA	1,522	12	1,402	1,665	3,321	3,429	2,215
Operating margin	13.1%	11.7%	10.5%	9.3%	15.8%	16.5%	12.4%
Interest	618	5	460	638	705	623	620
Depreciation	422	5	473	471	568	602	630
Profit before tax	480	5	621	710	2,216	2,323	1,056
Tax	5	2	246	267	623	891	150
Net profit	555	3	412	632	1,691	1,738	973
EPS ₹	17.35	10.02	12.96	19.91	52.75	27.31	15.27
Operating cash flow	—	—	73	1,617	2,593	2,335	1,771
Capex	—	—	453	322	863	1,031	1,076
Dividend paid	—	—	63	63	100	127	127
Total assets	—	—	—	18,256	21,022	20,779	21,686
Equity	—	—	—	7,923	10,093	11,411	12,574

Quarterly performance

last 28 quarters · ₹ crore

showing latest 8 of 28 periods

	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	2,682	2,988	2,901	1,641	2,374	2,865	38	2,885	2,973	3,471	3,970	4,044	5,158	5,188	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	4,472
Operating profit	342	380	405	184	277	307	5	422	378	205	401	331	495	600	608	804	989	920	840	914	939	736	670	451	613	481	397	261
Operating margin	12.7%	12.7%	14.0%	11.2%	11.7%	10.7%	12.6%	14.6%	12.7%	5.9%	10.1%	8.2%	9.6%	11.6%	13.8%	14.7%	17.5%	17.0%	17.0%	16.4%	17.8%	14.6%	16.4%	10.7%	12.4%	10.4%	8.9%	5.8%
Other income	29	22	33	41	71	47	0	38	32	38	42	23	44	79	38	23	41	69	46	30	22	21	18	30	20	23	24	51
Interest	155	152	164	135	121	125	1	121	112	108	119	148	169	161	160	189	181	174	154	158	173	139	171	153	133	163	108	125
Depreciation	101	102	119	108	113	113	1	112	120	122	118	117	118	126	133	143	149	149	148	151	151	153	153	156	155	167	164	169
Profit before tax	91	108	106	-17	115	115	3	226	179	12	205	64	252	393	353	496	700	666	583	636	638	466	364	173	345	175	148	18
Tax	-167	44	65	9	35	28	1	80	71	12	83	43	109	98	110	140	187	186	172	168	166	386	-41	44	100	48	52	-21
Net profit	301	90	33	-9	78	66	2	152	120	13	127	59	143	354	263	376	532	494	441	500	506	291	424	152	258	139	104	47
EPS ₹	9.41	2.80	1.03	-0.29	2.46	2.07	5.78	4.78	3.78	0.40	4.00	1.87	6.75	11.14	8.28	11.82	16.72	15.79	13.86	7.85	7.96	4.58	6.66	2.38	4.05	2.19	1.63	0.74
Revenue YoY	—	—	—	—	-11.5%	-4.1%	-98.7%	75.8%	25.2%	21.2%	10391.3%	36.0%	48.6%	30.7%	—	35.2%	9.7%	4.6%	12.0%	1.9%	-6.8%	-7.0%	-17.3%	-24.0%	-6.2%	-8.2%	9.0%	5.6%
Profit YoY	—	—	—	—	-74.0%	-26.6%	-94.4%	—	53.6%	-80.8%	6798.4%	-50.5%	1033.1%	178.6%	—	532.3%	271.1%	39.6%	67.6%	33.0%	-4.7%	-41.0%	-3.9%	-69.6%	-49.1%	-52.1%	-75.4%	-69.0%

Earlier results (standalone, Sep '07 – Jun '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Jindal Saw Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	5,517	5,334	4,171	5,202	5,630	5,510	6,601	6,141	5,947	7,340	9,808
Operating profit	740	1,077	839	638	620	619	872	927	917	1,033	1,274
Operating margin	13.4%	20.2%	20.1%	12.3%	11.0%	11.2%	13.2%	15.1%	15.4%	14.1%	13.0%
Other income	8	8	20	70	82	85	122	192	204	222	243
Interest	193	131	115	176	150	226	282	370	380	415	496
Depreciation	76	113	137	150	155	213	249	234	239	258	281
Profit before tax	480	840	608	323	266	191	410	469	471	551	739
Tax	129	214	152	99	73	47	148	118	163	165	239
Net profit	350	626	456	224	193	144	263	351	308	386	500

Quarters

showing latest 8 of 48 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†
Revenue	1,429	1,612	952	1,018	1,486	1,548	1,465	1,501	1,373	1,374	1,086	1,139	802	1,066	1,163	1,136	1,450	1,097	1,520	1,290	1,637	1,723	980	1,207	1,229	1,710	1,364	1,149	1,591	1,777	2,083	1,912	1,345	1,077	1,807	1,329	1,411	1,429	1,777	1,456	1,321	2,115	2,449	2,284	2,337	2,342	2,844	2,581
Operating profit	170	200	147	161	199	194	186	239	255	294	288	256	186	222	176	178	176	140	145	160	198	159	103	142	148	166	163	162	209	238	263	253	189	180	306	247	216	238	217	170	218	249	396	289	299	314	372	355
Operating margin	11.9%	12.4%	15.4%	15.9%	13.4%	12.5%	12.7%	15.9%	18.6%	21.4%	26.5%	22.5%	23.2%	20.8%	15.1%	15.7%	12.1%	12.7%	9.5%	12.4%	12.1%	9.2%	10.5%	11.8%	12.1%	9.7%	11.9%	14.1%	13.2%	13.4%	12.6%	13.2%	14.0%	16.7%	16.9%	18.6%	15.3%	16.6%	12.2%	11.6%	16.5%	11.8%	16.2%	12.6%	12.8%	13.4%	13.1%	13.8%
Other income	2	2	3	2	3	2	0	1	1	1	5	6	9	4	1	1	1	1	67	18	23	23	19	19	21	15	31	27	28	35	32	39	44	55	54	37	31	38	98	64	52	66	40	62	64	57	60	48
Interest	28	57	20	54	55	46	37	38	37	34	22	28	27	31	29	26	19	101	30	32	38	42	38	43	55	69	59	63	65	70	84	83	83	85	120	126	83	96	75	87	116	86	125	148	144	82	122	118
Depreciation	15	14	15	15	18	22	21	21	26	32	34	34	34	33	35	35	35	37	42	39	42	39	36	45	51	54	62	62	63	62	62	59	60	60	56	58	58	57	66	62	69	62	66	65	72	73	71	69
Profit before tax	129	130	114	93	129	128	129	180	193	230	237	200	134	161	112	119	75	51	79	51	83	85	47	21	30	60	80	75	104	101	130	155	72	80	162	100	71	122	177	85	85	136	245	137	147	216	239	216
Tax	39	-443	28	23	29	43	34	47	47	62	59	52	32	36	32	36	21	14	28	16	22	25	10	5	8	10	23	20	29	39	59	50	-29	41	56	35	23	42	63	21	25	40	79	42	45	66	86	71
Net profit	90	574	85	70	100	84	96	134	146	168	178	149	102	125	80	83	54	37	51	35	61	60	37	15	22	50	57	55	75	62	71	104	101	39	106	66	47	81	114	64	60	96	165	95	102	150	153	146
EPS ₹	17.63	117.86	15.99	13.05	18.79	16.26	18.34	25.65	27.58	6.35	6.69	5.40	3.64	4.53	2.91	3.00	1.95	1.32	1.85	1.27	2.21	2.17	1.34	0.55	0.79	1.81	2.07	1.99	2.70	2.24	2.57	3.46	3.35	1.30	3.32	2.06	1.48	2.52	3.56	2.00	1.88	3.01	5.17	2.98	3.19	4.70	4.77	4.55
Revenue YoY	—	—	—	—	4.0%	-3.9%	53.9%	47.5%	-7.6%	-11.3%	-25.9%	-24.1%	-41.6%	-22.4%	7.1%	-0.3%	80.7%	2.9%	30.7%	13.6%	12.9%	57.1%	-35.5%	-6.5%	-24.9%	-0.8%	39.1%	-4.8%	29.4%	4.0%	52.8%	66.4%	-15.5%	-39.4%	-13.3%	-30.5%	4.9%	32.7%	-1.7%	9.5%	-6.4%	48.0%	37.8%	56.9%	76.9%	10.7%	16.2%	13.0%
Profit YoY	—	—	—	—	11.1%	-85.3%	11.9%	90.5%	46.3%	99.0%	86.2%	11.3%	-30.2%	-25.5%	-54.9%	-44.4%	-47.4%	-70.8%	-36.3%	-57.5%	13.7%	64.3%	-27.5%	-56.8%	-64.1%	-16.6%	53.9%	260.9%	239.8%	23.7%	24.6%	89.8%	35.5%	-36.6%	49.3%	-36.9%	-53.2%	105.6%	7.3%	-2.6%	27.0%	19.3%	45.2%	49.0%	69.3%	56.2%	-7.7%	52.6%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 22 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	10.3%	12.6%	16.9%	16.5%	18.2%	18.0%	17.8%	15.2%	15.1%	11.4%	9.3%	7.7%	5.2%	4.4%
ROCE	—	—	—	—	—	—	—	—	13.2%	14.3%	17.3%	18.4%	19.8%	19.8%	19.4%	18.1%	16.9%	13.2%	11.2%	9.7%	8.1%	7.2%
Net margin	4.1%	1.9%	1.7%	2.0%	3.7%	3.9%	3.1%	3.1%	4.4%	5.6%	7.4%	7.9%	8.6%	9.1%	9.2%	8.3%	8.6%	7.4%	6.1%	5.4%	3.6%	3.0%
EBITDA margin	12.8%	12.6%	12.0%	11.2%	12.4%	12.7%	10.8%	10.6%	10.8%	12.4%	14.5%	15.8%	16.5%	17.0%	17.0%	16.5%	16.3%	15.0%	13.5%	12.4%	10.6%	9.5%
Debt / equity	—	—	—	—	—	—	—	—	0.62	0.68	0.68	0.57	0.57	0.51	0.51	0.43	0.43	0.43	0.43	0.37	0.37	0.33
Interest coverage	1.47	1.55	1.59	1.56	2.24	2.46	2.23	2.35	2.67	3.20	3.81	4.15	4.50	4.87	4.83	4.73	4.28	3.58	3.26	2.71	2.51	2.29
Asset turnover	—	—	—	—	—	—	—	—	1.03	1.00	1.02	1.00	1.02	1.02	1.00	1.00	0.96	0.88	0.86	0.83	0.84	0.89

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	64	64	64	64	64	64	64	64	64
Other equity / reserves	7,293	7,859	8,967	10,029	10,846	11,347	12,019	12,510	12,548
Total equity	7,357	7,923	9,031	10,093	10,910	11,411	12,083	12,574	12,612
Borrowings	6,194	4,922	6,174	5,761	5,526	4,859	5,194	4,691	4,174
Current liabilities	7,954	8,043	8,255	8,326	8,353	6,983	6,566	6,188	5,513
Non-current liabilities	2,936	2,935	3,651	3,329	2,628	2,842	2,812	3,216	3,032
Total assets	17,733	18,256	20,253	21,022	21,116	20,779	21,195	21,686	20,840
Property, plant & equipment	7,347	7,364	8,524	8,786	8,768	9,275	9,479	10,344	10,309
Capital work-in-progress	316	300	464	632	864	641	660	453	584
Investments	249	251	251	178	148	168	197	105	137
Inventories	4,589	4,105	4,706	4,895	5,036	4,921	5,529	5,267	4,540
Receivables	2,160	3,569	3,158	3,475	3,683	3,566	3,076	3,096	2,890
Cash & equivalents	119	78	141	741	511	655	151	407	387

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 11 periods

	FY14‡	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	109	-93	917	1,163	565	1,567	73	1,617	2,593	2,335	1,771
Cash from investing	-615	-856	-498	-426	-120	-516	-191	-70	-1,917	-899	-955
Cash from financing	359	1,149	-512	-816	-470	-977	61	-1,968	-12	-1,524	-1,073
Capex	—	—	515	292	274	518	453	322	863	1,031	1,076
Free cash flow	—	—	402	871	291	1,049	-380	1,295	1,730	1,304	695
Dividends paid	32	32	36	38	35	49	63	63	100	127	127

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹10,309 cr49%

CWIP

₹584 cr3%

Investments

₹137 cr1%

Inventories

₹4,540 cr22%

Receivables

₹2,890 cr14%

Cash & equivalents

₹387 cr2%

Other assets

₹1,993 cr10%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Jindal Saw Ltd.	16,051	251.00	29.3	1.27	4.4%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-11.0%

6 months+3.5%

1 year+41.1%

3Y CAGR+2.0%

5Y CAGR+34.9%

10Y CAGR+23.9%

50-day avg₹280.87

200-day avg₹239.52

RSI (14)32

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FAQs

What is the share price of Jindal Saw Ltd.?

Jindal Saw Ltd. (JINDALSAW) closed at ₹251.00 on NSE on 06 Nov 2026.

What is the market cap of Jindal Saw Ltd.?

₹16,051 crore at the latest close.

What is the P/E ratio of Jindal Saw Ltd.?

29.3, on trailing-twelve-month earnings from its filings.

How fast is Jindal Saw Ltd. growing?

Jindal Saw Ltd.: revenue has compounded at 0.1% a year over three years; net profit at 15.5% a year. Latest-quarter revenue is up 5.6% year on year, profit down 69.0%.

How profitable is Jindal Saw Ltd.?

On a trailing-twelve-month basis return on equity is 4.4%, return on capital employed 7.2%, operating margin 9.5%, net margin 3.0%.

How much debt does Jindal Saw Ltd. have?

Jindal Saw Ltd. is lightly geared: debt to equity is 0.33 with borrowings of ₹4,174 cr against cash of ₹387 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.3 times.

Financials parsed from Jindal Saw Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.