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67% Buy

Jindal Saw Share Price

JINDALSAW

₹550.15+₹10.10 (1.87%) TodayLast updated on 17 May, 2024 | 03:59 PM IST
₹546.05₹562.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹17,431 Cr

Open

₹549.60

Close

₹540.05

Circuit range

₹648.05 - ₹432.05

Day range

₹546.05 - ₹562.00

Year range

₹170.10 - ₹598.00

Volume

9,21,406

Avg. traded

₹553.15

Revenue (12m)

₹20,957 Cr

Jindal Saw

Jindal Saw Limited is a major producer and supplier of iron and steel pipes, with a wide-ranging portfolio. It is a big player in pipe solutions. The company caters to various industries, including oil and gas, water infrastructure, construction, automobile and others. Founded in 1984, Jindal Saw Limited is integral to the massive $16.5 billion OP Jindal Group conglomerate.

Over the years, Jindal Saw has continuously broadened its product range and geographical footprint, earning its status as a top-tier global steel pipe manufacturer.

Jindal Saw’s market value stands impressively at over ₹16,500 crore, as of February 1, 2024. Jindal Saw market price soared by over 610% in the past three years.

Business operations

Jindal Saw Limited’s operations are segmented into two main areas, pipes and pellets. The pipes segment includes a variety of steel pipes produced across the company’s facilities. Jindal Saw's pipe business is known for its diverse product lines including longitudinally submerged arc-welded pipes, helically submerged arc-welded pipes and pig iron pipes.

The pellets segment is dedicated to the beneficiation and pelletisation processes, transforming iron ore into high-quality iron pellets.

The pipes division contributed 85% to Jindal Saw's total revenue and the pellets division accounted for the remaining 15% in FY23. The company's annual production capacity exceeds 5 million metric tonnes (MT). Jindal Saw's global footprint extends to over 100 countries.

Jindal Saw operates manufacturing facilities located in Uttar Pradesh's Kosi Kalan, Gujarat's Mundra, Maharashtra's Nashik and Nagothane, Karnataka's Bellary, Rajasthan's Bhilwara, Maharashtra's Tembhurni and Madhya Pradesh's Indore. The company's influence isn't confined to domestic borders, as it also operates through subsidiaries in the USA and UAE.

Jindal Saw Limited has established a double jointing and coating facility named Jindal Saw USA, LLC in Baytown, Texas, to serve the North American market. This facility, a wholly-owned subsidiary, was incorporated in the United States in 2007. It has shipping capabilities via rail, road and barges within the North American market and has a manufacturing capacity of 5 million square meters per annum.

The company had 11 direct subsidiaries, 14 indirect subsidiaries, 1 associate and 1 joint venture, as of March 31, 2023. Jindal Saw Gulf LLC became a wholly-owned subsidiary of the company in FY2023.

The fiscal year 2022-23 was marked by a surge in production and sales volumes, surpassing the previous yea’'s figures. The total pipe production reached approximately 12,98,598 MT, which included about 1,24,589 MT of pipes and 27,857 MT of pig iron produced on a job-work basis. Sales figures were equally impressive, with around 12,85,619 MT sold, including about 1,15,220 MT of pipes and 15,668 MT of pig iron on job work.

Financial Highlights

– The total revenue from operations of Jindal Saw increased to ₹17,867.8 crore in FY23 from ₹13,298.4 crore in FY22. – The company’s profit after tax (PAT) for FY 2022-23 stood at ₹442.8 crore, which was ₹375.9 crore in the previous financial year. – The earnings per share (EPS) stood at ₹19.91 in FY23 compared to ₹12.96 in FY22.

Jindal Saw Key indicators

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52 week high

₹598.00

52 week low

₹170.10

P/E ratio

10.28

P/B ratio

1.66

ROE

9.08%

ROCE

12.68%

Dividend yield

0.76%

Debt/Equity ratio

0.38

EPS

22.18

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Investment checklist: (3/6)

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Growth factor

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

67%

Hold

33%

Sell

0%

This analysis is based on the reviews of 3 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

11.96%

Net profit margin

4.64%

ROE

9.08%

ROA

4.62%

ROCE

12.68%

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Jindal Saw Shareholder returns

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1 day

-1.41%

1 week

+3.43%

1 month

+12.59%

3 months

+7.57%

1 year

+212.89%

3 years

+526.14%

5 years

+627.83%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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Jindal Saw Share Price history

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DayOpenCloseDay’s change

Shareholding info

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Promoters (63.27%)

Mutual Funds (2.4%)

Retail and other (19.08%)

Foreign institutions-FII (14.66%)

Other domestic institutions (0.59%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹4/share

    Ex date 11 Jun 2024

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  • Dividend • ₹3/share

    Ex date 13 Jun 2023

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  • Dividend • ₹2/share

    Ex date 19 Sep 2022

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Frequently asked questions