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Jindal Saw (JINDALSAW) had a P/E of 29.2× on 6 Nov 2026, above the industry P/E of 19.9×, and the shares are 22% below their 52-week high. Sales and net profit grew 0.4% and 15% a year over 3 years, with ROCE of 9.7% and ROE of 4.1%. Debt is 0.34× equity, and its dividend yield is 0.8%. It is a small-cap company with a market cap of ₹16,011 Cr, ranked 13th of 150 Steel companies by market cap; the shares rose 52% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹255.90
Day high
₹255.90
Day low
₹248.81
Prev. close
₹259.07
Volume
7.5 L

Health check

1 good · 2 fair · 3 to check
  • ReturnsAhead

    +52.0% over a year, better than 7 of 7 peers.

  • Price tagPricier

    P/E 29.2 vs industry 19.9.

  • GrowthSteady

    Sales +0.4%, profit +14.8% a year over 3 years.

  • ProfitabilityWeak

    ROCE 9.7% vs peer median 18.7%.

  • Balance sheetFair

    Debt 0.34× equity, interest covered 3.5×, Piotroski 6 of 9.

  • Red flags2 to check

    Return on equity is low at 4.1%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹16,011 Cr, #13 of 150 in its industry by size.

Defensive

Beta 0.51 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹18,501 Cr · profit ₹549 Cr
Market cap
₹16,011 Cr
Small cap
P/E
29.2
Industry 19.9
Price to book
1.27
Peers 2.28
Dividend yield
0.80%
ROE
4.1%
Peers 23.4%
ROCE
9.7%
Peers 18.7%
Debt to equity
0.34
Debt ₹4,174 Cr
EPS (TTM)
₹8.59
Face value ₹1
OPM (TTM)
9.5%
Net margin 3.0%
Sales growth
+5.6%
Latest quarter vs a year ago
Profit growth
−68.9%
Latest quarter vs a year ago
Price to sales
0.87
EV/EBITDA 11.4

Strengths and risks

Strengths

  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 4.1%.
  • Quarterly profit down 68.9% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About Jindal Saw

Jindal Saw Limited engages in the manufacture and supply of iron and steel pipes, and pellets in India and internationally. The company offers SAW pipes, such as double jointing, connector casings, hot pulled induction bends, monel sheating and anodes installation, post weld heat treatment, eddy current testing, and clad, as well as external and internal coatings, and line pipes; centrifugal casted pipes, including push up joint, double chamber restrained…

Headquarters
New Delhi
Employees
7,565
Sector
Basic Materials
ISIN
INE324A01032
Website
jindalsaw.com

Price range

52 weeks

₹153.00₹320.00

Today

₹248.81₹255.90
Avg volume (3M)
21.8 L
1-year return
plus 52.0%
From 52-week high
minus 21.6%

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
JINDALSAWJindal Saw251.00minus 3.11%16,01129.29.39.7%9.5%0.340.4%plus 52.0%
Median of 7 peers–−0.01%1,00,48219.112.218.7%15.9%0.503.6%14.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
4,0854,9434,6334,4524,472
3,4154,3314,1534,0564,211
670613481397261
16.4%12.4%10.4%8.9%5.8%
28.722.320.218.347.9
171133163108125
153155167164169
37434717214314.4
−11.0%28.7%27.9%36.5%−144.7%
42425813910447
6.634.042.181.630.74

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+0.4%
Profit CAGR 3Y
+14.8%
EPS CAGR 3Y
+14.5%
ROE
4.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
17,09320,09220,04017,276
–+17.5%minus 0.3%minus 13.8%
15,49516,92916,65815,097
1,5983,1633,3822,180
9.3%15.7%16.9%12.6%
75.7178373.4
473572469424
470568602630
−11141−52.4
7192,2162,3491,076
37.2%28.1%37.9%14.0%
6441,6771,738973
–+160.4%+3.7%minus 44.0%
10.1326.3327.2215.23

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
64646464
7,85710,02911,34712,510
4,9275,7274,8254,674
5,3925,2014,5434,438
18,24021,02220,77921,686
7,7639,4639,96310,927
348677688583
17016012931.6
221747658500
9,7389,9749,3429,644
18,24021,02220,77921,686

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,6162,5932,3351,771
−70.7−1,917−899−955
−1,966−12.4−1,524−1,073
−421663−87.2−257
−323−863−1,031−1,076
1,2931,7301,304695
−63.1−100−127−127

Shareholding pattern

Source: NSE filings
63.2%
promoters
  • Promoters63.24%
  • Public36.50%
  • Employee trusts0.26%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202663.24%36.50%minus 0.01
30 Jun 202663.25%36.50%0.00
31 Mar 202663.25%36.46%0.00
31 Dec 202563.25%36.39%0.00
30 Sep 202563.25%36.39%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you