JINDALSAW

Jindal Saw Limited

Jindal Saw Limited (JINDALSAW) financial statements and selected valuation metrics through 30 September 2026.

Industrials›Capital Goods›Industrial Products›Iron & Steel Products

jindalsaw.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹301.55
Market cap
19,284 Cr
Stock P/E
35.1
P/B
1.57
Dividend yield
0.7%
ROE (FY26)
7.9%
ROCE (FY26)
10.0%
Operating margin (FY26)
8.9%
Debt / equity (FY26)
0.38
OCF / EBITDA (FY26)
80.0%
OCF / EBITDA (3Y)
74.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Jindal Saw makes ductile iron, seamless and SAW steel pipes for water supply, oil and gas, selling to government and private clients in India and exporting mainly to the Middle East and Latin America.

Company snapshot

4thBy market cap

Ranked among 64 companies in Iron & Steel Products.

Segment mix

Reportable segments as of 2024-06-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 99.4% of revenue

SegmentRevenue shareRevenuePBTAssets
a) Iron & Steel
99.4%
4,911 Cr723 Cr19,339 Cr
b) Others
0.6%
28 Cr-0.88 Cr1,091 Cr

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Sales5,656 Cr5,425 Cr4,939 Cr5,572 Cr5,271 Cr5,047 Cr4,085 Cr4,234 Cr4,943 Cr4,633 Cr4,452 Cr4,472 Cr
Operating expenses (approx.)4,667 Cr4,505 Cr4,100 Cr4,658 Cr4,332 Cr4,310 Cr3,415 Cr3,782 Cr4,331 Cr4,153 Cr4,056 Cr4,211 Cr
EBITDA989 Cr920 Cr840 Cr914 Cr939 Cr736 Cr670 Cr451 Cr613 Cr481 Cr397 Cr261 Cr
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%
Other income41 Cr69 Cr46 Cr30 Cr22 Cr21 Cr18 Cr30 Cr20 Cr23 Cr24 Cr51 Cr
Interest181 Cr174 Cr154 Cr158 Cr173 Cr139 Cr171 Cr153 Cr133 Cr163 Cr108 Cr125 Cr
Depreciation149 Cr149 Cr148 Cr151 Cr151 Cr153 Cr153 Cr156 Cr155 Cr167 Cr164 Cr169 Cr
Profit before tax699 Cr667 Cr588 Cr643 Cr645 Cr473 Cr374 Cr183 Cr347 Cr172 Cr143 Cr14 Cr
Tax %26.8%27.9%29.2%26.1%25.7%81.6%-11.0%24.1%28.7%27.9%36.5%-144.7%
Net profit512 Cr480 Cr416 Cr475 Cr479 Cr87 Cr415 Cr139 Cr248 Cr124 Cr91 Cr35 Cr
EPS (₹)₹16.72₹15.79₹13.86₹7.85₹7.96₹4.58₹6.66₹2.38₹4.05₹2.19₹1.63₹0.74

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7,343 Cr8,536 Cr12,117 Cr11,627 Cr10,664 Cr13,298 Cr17,868 Cr20,958 Cr20,829 Cr17,895 CrSign in free for the trailing twelve months
Operating expenses (approx.)6,529 Cr7,519 Cr10,642 Cr10,105 Cr9,421 Cr11,896 Cr16,202 Cr17,637 Cr17,400 Cr15,680 CrSign in free for the trailing twelve months
EBITDA814 Cr1,016 Cr1,475 Cr1,522 Cr1,243 Cr1,402 Cr1,665 Cr3,321 Cr3,429 Cr2,215 CrSign in free for the trailing twelve months
OPM %11.1%11.9%12.2%13.1%11.7%10.5%9.3%15.8%16.5%12.4%Sign in free for the trailing twelve months
Other income198 Cr156 Cr146 Cr109 Cr208 Cr153 Cr179 Cr168 Cr119 Cr92 CrSign in free for the trailing twelve months
Interest569 Cr579 Cr615 Cr618 Cr493 Cr460 Cr638 Cr705 Cr623 Cr620 CrSign in free for the trailing twelve months
Depreciation337 Cr363 Cr396 Cr422 Cr459 Cr473 Cr471 Cr568 Cr602 Cr630 CrSign in free for the trailing twelve months
Profit before tax193 Cr134 Cr976 Cr467 Cr499 Cr621 Cr710 Cr2,216 Cr2,349 Cr1,076 CrSign in free for the trailing twelve months
Tax %32.5%99.5%21.8%1.1%34.4%39.5%37.6%28.1%37.9%14.0%Sign in free for the trailing twelve months
Net profit39 Cr-11 Cr764 Cr461 Cr328 Cr376 Cr443 Cr1,593 Cr1,458 Cr925 CrSign in free for the trailing twelve months
EPS (₹)₹3.26₹5.55₹26.59₹17.35₹10.02₹12.96₹19.91₹52.75₹27.31₹15.27Sign in free for the trailing twelve months
Dividend payout %————19.2%16.8%14.2%6.3%8.7%13.7%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital64 Cr64 Cr64 Cr64 Cr64 Cr64 Cr64 Cr64 Cr64 Cr64 Cr
Reserves5,322 Cr5,432 Cr6,218 Cr6,700 Cr6,919 Cr7,300 Cr7,859 Cr10,029 Cr11,347 Cr12,510 Cr
Borrowings5,500 Cr6,037 Cr5,317 Cr5,188 Cr4,637 Cr6,031 Cr4,922 Cr5,761 Cr4,859 Cr4,691 Cr
Other liabilities2,366 Cr2,287 Cr3,954 Cr3,998 Cr5,049 Cr3,970 Cr6,056 Cr5,893 Cr4,966 Cr4,713 Cr
Total liabilities13,126 Cr13,524 Cr15,171 Cr15,475 Cr16,225 Cr16,850 Cr18,256 Cr21,022 Cr20,779 Cr21,686 Cr
Fixed assets (net)7,449 Cr7,113 Cr7,154 Cr7,479 Cr7,305 Cr7,347 Cr7,364 Cr8,786 Cr9,275 Cr10,344 Cr
CWIP102 Cr126 Cr260 Cr423 Cr404 Cr293 Cr300 Cr632 Cr641 Cr453 Cr
Investments119 Cr110 Cr190 Cr129 Cr198 Cr224 Cr251 Cr178 Cr168 Cr105 Cr
Loans & advances——116 Cr59 Cr65 Cr65 Cr92 Cr61 Cr52 Cr39 Cr
Inventories2,310 Cr2,463 Cr3,187 Cr2,687 Cr2,919 Cr3,756 Cr4,105 Cr4,895 Cr4,921 Cr5,267 Cr
Trade receivables1,370 Cr1,930 Cr2,213 Cr1,864 Cr2,125 Cr1,806 Cr3,563 Cr3,470 Cr3,564 Cr3,094 Cr
Cash & bank97 Cr72 Cr144 Cr172 Cr552 Cr497 Cr78 Cr741 Cr655 Cr407 Cr
Other assets1,678 Cr1,710 Cr1,907 Cr2,663 Cr2,658 Cr2,864 Cr2,505 Cr2,260 Cr1,503 Cr1,978 Cr
Total assets13,126 Cr13,524 Cr15,171 Cr15,475 Cr16,225 Cr16,850 Cr18,256 Cr21,022 Cr20,779 Cr21,686 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity1,163 Cr565 Cr1,567 Cr1,665 Cr1,557 Cr73 Cr1,617 Cr2,593 Cr2,335 Cr1,771 Cr
Cash from investing-426 Cr-120 Cr-516 Cr-469 Cr-346 Cr-191 Cr-70 Cr-1,917 Cr-899 Cr-955 Cr
Cash from financing-816 Cr-470 Cr-977 Cr-1,168 Cr-831 Cr61 Cr-1,968 Cr-12 Cr-1,524 Cr-1,073 Cr
Net cash flow-79 Cr-25 Cr74 Cr28 Cr379 Cr-55 Cr-419 Cr664 Cr-86 Cr-249 Cr
Free cash flow (OCF − Capex)871 Cr291 Cr1,049 Cr1,093 Cr1,154 Cr-380 Cr1,295 Cr1,730 Cr1,304 Cr695 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.1%6.3%14.2%9.4%8.9%8.4%11.0%19.3%18.8%10.0%
ROE %2.2%3.4%14.4%8.8%4.9%6.0%8.7%18.1%15.9%7.9%
Debtor days68826659734973606263
Inventory days220174164153179167134141153180
Days payable394093801196998857990
Cash conversion cycle249216138132133148108116137153
OCF / EBITDA %142.9%55.6%106.3%109.3%125.3%5.2%97.1%78.1%68.1%80.0%
OCF / EBITDA % (3 years)——99.7%94.6%112.9%79.1%75.4%67.1%77.8%74.7%
Debt / equity1.051.160.900.820.710.880.680.620.440.38
Current ratio——1.111.001.061.031.111.241.451.61
Net debt / EBITDA6.645.873.513.293.293.952.911.511.231.93