Capital Goods · NIFTY 500

Jindal Saw Limited

NSEJINDALSAW BSE500378 ISININE324A01032 SeriesEQ Listed on NSE · BSE

₹252.02 +3.67 (+1.48%) Updated 12 Nov, 8:49 pm IST

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Price, daily close+47.26% in a year

Today

Open: ₹248.60
Prev close: ₹248.35
Day high: ₹252.90
Day low: ₹248.60
Volume: 5.17 L
Value traded: ₹13.02 Cr
Upper circuit: ₹298.02
Lower circuit: ₹198.68
52W high: ₹320.00
52W low: ₹153.00
1 month: -7.11%
6 months: +5.43%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹16,117 Cr

P/E (TTM)29.34

P/B1.28

Book value / share₹197.21

EPS (TTM)₹8.59

ROE4.4%

Dividend yield0.79%

Dividend (12m)₹2.00 / share

Net margin (TTM)3.0%

Operating margin5.8%

Debt / equity0.33

Current ratio1.63

EV / EBITDA11.37

Sales growth (YoY qtr)+5.63%

Profit growth (YoY qtr)-69.03%

Sales CAGR 3Y+0.05%

Profit CAGR 3Y+15.46%

Shares63.95 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

5,656532

Dec 23

5,425494

Mar 24

4,939441

Jun 24

5,572500

Sep 24

5,271506

Dec 24

5,047291

Mar 25

4,085424

Jun 25

4,234152

Sep 25

4,943258

Dec 25

4,633139

Mar 26

4,452104

Jun 26

4,47247.0

Sep 26

Revenue · QoQ (vs last quarter)

—-4.1%-9.0%+13%-5.4%-4.3%-19%+3.6%+17%-6.3%-3.9%+0.4%

Revenue · YoY (vs a year ago)

————-6.8%-7.0%-17%-24%-6.2%-8.2%+9.0%+5.6%

Net profit · QoQ (vs last quarter)

—-7.1%-11%+13%+1.4%-42%+46%-64%+70%-46%-25%-55%

Net profit · YoY (vs a year ago)

————-4.7%-41%-3.9%-70%-49%-52%-75%-69%

RevenueNet profitLine = trend

16.72

Dec 23

15.72

Mar 24

13.80

Jun 24

7.81

Sep 24

7.92

Dec 24

4.56

Mar 25

6.63

Jun 25

2.38

Sep 25

4.04

Dec 25

2.18

Mar 26

1.63

Jun 26

0.74

Sep 26

EPS (₹) · YoY (vs a year ago)

————-53%-71%-52%-70%-49%-52%-75%-69%

EPS (₹)Line = trend

₹ Cr	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	5,656	5,425	4,939	5,572	5,271	5,047	4,085	4,234	4,943	4,633	4,452	4,472
Other income	41.0	68.5	45.7	30.4	22.0	20.9	18.3	30.4	19.6	23.4	23.7	51.3
Total income	5,697	5,494	4,985	5,602	5,293	5,067	4,103	4,264	4,963	4,657	4,476	4,523
Raw material	3,149	3,291	2,956	2,825	2,968	2,926	3,067	2,463	2,445	2,661	2,711	2,397
Purchases	0.7	4.1	7.6	0.4	0.2	0.1	1.9	0.0	0.8	1.0	0.7	4.7
Employee cost	387	368	376	389	383	378	408	416	407	399	428	439
Other expenses	1,047	934	994	1,047	1,004	983	866	1,006	1,012	1,115	942	936
Total expenses	4,997	4,828	4,402	4,966	4,655	4,602	3,739	4,091	4,619	4,482	4,328	4,505
Operating profit	989	920	840	914	939	736	670	451	613	481	397	261
OPM %	17.5%	17.0%	17.0%	16.4%	17.8%	14.6%	16.4%	10.7%	12.4%	10.4%	8.9%	5.8%
Finance cost	181	174	154	158	173	139	171	153	133	163	108	125
Depreciation	149	149	148	151	151	153	153	156	155	167	164	169
Profit before tax	700	666	583	636	638	466	364	173	345	175	148	17.8
Tax	187	186	172	168	166	386	-41.2	44.0	99.6	48.0	52.1	-20.9
Net profit	512	480	416	475	479	86.9	415	139	248	124	90.8	35.3
Profit to shareholders	532	494	441	500	506	291	424	152	258	139	104	47.0
EPS (₹)	16.72	15.72	13.80	7.81	7.92	4.56	6.63	2.38	4.04	2.18	1.63	0.74

Profit & loss

Results for each year

7 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

11,6271,410555

FY20

10712.43.2

FY21

13,2981,402412

FY22

17,8681,640632

FY23

20,9583,3211,691

FY24

20,8293,4291,738

FY25

17,8952,215973

FY26

Revenue · YoY (vs a year ago)

—-99%+12,371%+34%+17%-0.6%-14%

Net profit · YoY (vs a year ago)

—-99%+12,814%+54%+167%+2.8%-44%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	11,627	107	13,298	17,868	20,958	20,829	17,895
Other income	109	2.1	153	179	168	119	91.7
Total expenses	11,144	104	12,830	17,311	18,909	18,625	16,930
Employee cost	940	9.0	1,015	1,179	1,492	1,527	1,630
Operating profit	1,410	12.4	1,402	1,640	3,321	3,429	2,215
OPM %	12.1%	11.7%	10.5%	9.2%	15.8%	16.5%	12.4%
Finance cost	618	4.9	460	638	705	623	620
Depreciation	422	4.6	473	471	568	602	630
Profit before tax	480	5.0	621	710	2,216	2,323	1,056
Tax	5.3	1.7	246	267	623	891	150
Tax rate %	1.1%	34.4%	39.5%	37.6%	28.1%	38.4%	14.2%
Net profit	461	3.3	376	443	1,593	1,458	925
Profit to shareholders	555	3.2	412	632	1,691	1,738	973
Net margin %	4.8%	3.0%	3.1%	3.5%	8.1%	8.3%	5.4%
EPS (₹)	17.35	10.02	12.96	19.91	52.68	27.22	15.23

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

7,9234,92277.6

Mar 23

10,0935,761741

Mar 24

11,4114,859655

Mar 25

12,5744,691407

Mar 26

12,6124,174387

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+27%+13%+10%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	7,923	10,093	11,411	12,574	12,612
Long-term borrowings	1,947	2,273	1,783	2,124	1,940
Short-term borrowings	2,974	3,488	3,076	2,567	2,234
Total borrowings	4,922	5,761	4,859	4,691	4,174
Current liabilities	8,043	8,326	6,983	6,188	5,513
Fixed assets (PPE)	7,364	8,786	9,275	10,344	10,309
Inventories	4,105	4,895	4,921	5,267	4,540
Trade receivables	3,563	3,470	3,564	3,094	2,886
Cash & equivalents	77.6	741	655	407	387
Current assets	8,906	10,304	10,105	9,973	8,970
Total assets	18,256	21,022	20,779	21,686	20,840
Debt / equity	0.62	0.57	0.43	0.37	0.33

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

73.5-19161.0

FY22

1,617-70.2-1,968

FY23

2,593-1,917-12.4

FY24

2,335-899-1,524

FY25

1,771-955-1,073

FY26

Operations · YoY (vs a year ago)

—+2,101%+60%-9.9%-24%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	73.5	1,617	2,593	2,335	1,771
Cash from investing	-191	-70.2	-1,917	-899	-955
Cash from financing	61.0	-1,968	-12.4	-1,524	-1,073
Spent on fixed assets	-453	-323	-863	-1,031	-1,076
Free cash flow	-380	1,295	1,730	1,304	695
Net cash flow	-56.8	-421	663	-87.2	-257

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

63.3%Dec 23

63.3%Mar 24

63.3%Jun 24

63.3%Sep 24

63.3%Dec 24

63.3%Mar 25

63.3%Jun 25

63.3%Sep 25

63.3%Dec 25

63.3%Mar 26

63.3%Jun 26

63.2%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

63.2%promoter

Promoter & group: 63.24%
Public (FIIs, mutual funds, retail…): 36.50%
Employee trusts: 0.26%
Promoter change, last quarter: -0.01 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Dividend - Rs 2 Per ShareEx 22-May-2026
Dividend - Rs 2 Per ShareEx 05-Jun-2025
Extra Ordinary General MeetingEx 29-Nov-2024
Face Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per ShareEx 09-Oct-2024
Extra Ordinary General MeetingEx 13-Sep-2024
Annual General Meeting/Dividend - Rs 4 Per ShareEx 11-Jun-2024
Annual General Meeting/Dividend - Rs 3 Per ShareEx 13-Jun-2023
Annual General Meeting/Dividend - Rs 2 Per ShareEx 19-Sep-2022

Board meetings

JINDAL SAW LIMITED has informed the Exchange about Board Meeting to be held on 16-Oct-2026 to inter-alia consider and approve the Unaudited Financial…16-Oct-2026
the financial results for the period ended September 30, 202616-Oct-2026
JINDAL SAW LIMITED has informed the Exchange about Board Meeting to be held on 14-Jul-2026 to inter-alia consider and approve the Unaudited Financial…14-Jul-2026
the financial results for the period ended Jun 30, 202614-Jul-2026
the Quarterly Audited Financial results of the Company for the period ended March 2026 and Dividend.27-Apr-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates5 Nov
Analysts/Institutional Investor Meet/Con. Call Updates27 Oct
Analysts/Institutional Investor Meet/Con. Call Updates22 Oct
Analysts/Institutional Investor Meet/Con. Call Updates22 Oct
Analysts/Institutional Investor Meet/Con. Call Updates19 Oct
Updates16 Oct
Outcome of Board Meeting16 Oct

Latest news

JINDALSAW Forecast — Price Target — Prediction for 2027TradingView · 25 Jun, 8:42 pm Jindal Saw Ltd. Shareholding Pattern – Promoters, FIIs & DIIsValue Research · 31 Aug, 9:29 am Jindal Saw (NSEI:JINDALSAW) Stock Forecast & Analyst PredictionsSimply Wall St · 1 Nov, 12:30 pm Jindal Saw Share Price Today Down 7%Equitymaster · 21 Oct, 12:30 pm Jindal Saw Shares Slide 6% on Sharp Q1 Profit DropEquitypandit · 14 Jul, 12:30 pm Jindal Saw shares drop 6% after Q1 net profit shrinks 75% YoY; key things to knowUpstox · 14 Jul, 12:30 pm Jindal Saw Share Price Update: Intraday Fall and ValuationUnivest · 22 Oct, 12:30 pm Up to 52% upside - Jindal SAW, SBI Life, ICICI Bank shares | 360 ONE's 21 biggest bets for investors - Check full listLivemint · 6 Oct, 12:30 pm

About

About Jindal Saw Limited

Jindal Saw Limited is listed on the NSE under the symbol JINDALSAW and belongs to the Capital Goods sector.

Company details

Company name: Jindal Saw Limited
NSE symbol: JINDALSAW
BSE scrip code: 500378
ISIN: INE324A01032
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 29 Apr 2003
Face value: ₹1 per share
Market lot: 1 share
Shares issued: 63.95 crore
Index: NIFTY 500
Sector (NSE): Capital Goods
Industry: Steel
Managing director / CEO: Sminu Jindal
Chair: Prithavi Raj Jindal
Headquarters: Kosi Kalan, IN
Registered address: Jindal Centre, 12, Bhikaiji Cama Place, New Delhi-110066
Founded: 1984
Employees: 7,565
Financial year: April to March
Results basis: Consolidated
Website: jindalsaw.com

Peers

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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Jindal Saw Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers