On 6 Nov 2026, Jindal Drilling And Industries was priced at ₹515.30, or 7.8× trailing earnings, against an industry P/E of 28.7×, and the shares are 27% below their 52-week high. It earns ROCE of 13% and ROE of 12%, and sales and net profit grew 25% and 30% a year over 3 years. It has almost no debt, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹1,493 Cr, ranked 4th of 12 Oil & Gas Equipment & Services companies by market cap; the shares fell 11% over the past year.
- ₹515.05
- ₹527.40
- ₹499.85
- ₹518.60
- 3.1 L
Health check
- ReturnsBehind
−11.3% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 7.8 vs industry 28.7.
- GrowthSteady
Sales +24.8%, profit +29.5% a year over 3 years.
- ProfitabilityAverage
ROCE 13.3% vs peer median 13.3%.
- Balance sheetSolid
Debt 0.05× equity, interest covered 33.0×, Piotroski 7 of 9.
- Red flags1 to check
Quarterly profit down 28.7% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,493 Cr
- Small cap
- P/E
- 7.8
- Industry 28.7
- Price to book
- 0.82
- Peers 6.15
- Dividend yield
- 0.19%
- ROE
- 12.4%
- Peers 17.7%
- ROCE
- 13.3%
- Peers 13.3%
- Debt to equity
- 0.05
- Debt ₹93 Cr
- EPS (TTM)
- ₹66.14
- Face value ₹5
- OPM (TTM)
- 21.8%
- Net margin 18.8%
- Sales growth
- +8.4%
- Latest quarter vs a year ago
- Profit growth
- −28.7%
- Latest quarter vs a year ago
- Price to sales
- 1.47
- EV/EBITDA 3.4
Strengths and risks
Strengths
- Practically debt-free.
- P/E of 7.8 against an industry P/E of 28.7.
- Promoter stake up from 64.4% to 66.8%.
Risks to check
- Quarterly profit down 28.7% on a year ago.
About Jindal Drilling And Industries
Jindal Drilling & Industries Limited engages in providing drilling and related services to the oil and gas exploration companies in India. It operates through three segments: o¬ffshore drilling jack-up rigs built for efficiency, reliability and safety; directional / horizontal drilling / MWD services; and mud logging services. The company was incorporated in 1983 and is headquartered in New Delhi, India.
- Headquarters
- New Delhi
- Employees
- 744
- Sector
- Energy
- ISIN
- INE742C01031
- Website
- jindal.com
Price range
- Avg volume (3M)
- 7.1 L
- 1-year return
- minus 11.3%
- From 52-week high
- minus 26.8%
Peers · Oil & Gas Equipment & Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| AEGISVOPAKAegis Vopak Terminals | 246.50 | plus 4.17% | 27,312 | 96.3 | 44.7 | 7.9% | 52.6% | 0.90 | 37.7% | minus 13.7% |
| DOLPHINDolphin Offshore Enterprises (India) | 636.85 | minus 2.60% | 2,548 | 33.9 | 37.4 | 13.3% | 44.7% | 0.42 | – | plus 58.6% |
| ASIANENEAsian Energy Services | 401.65 | plus 0.34% | 1,955 | 31.8 | 21.7 | 13.3% | 9.1% | 0.26 | 93.4% | plus 16.5% |
| JINDRILLJindal Drilling And Industries | 515.30 | minus 0.64% | 1,493 | 7.8 | 3.8 | 13.3% | 21.8% | 0.05 | 24.8% | minus 11.3% |
| LIKHITHALikhitha Infrastructure | 211.45 | minus 2.47% | 835 | 25.5 | 13.8 | – | 11.0% | 0.00 | 7.8% | minus 8.8% |
| SOUTHWESTSouth West Pinnacle Exploration | 176.40 | minus 8.42% | 576 | 13.5 | 10.8 | 22.7% | 20.8% | 0.39 | 25.0% | plus 7.2% |
| CRYOGENICCryogenic OGS | 374.45 | plus 4.99% | 535 | 46.1 | 45.0 | 21.5% | 23.6% | 0.14 | 22.8% | plus 64.4% |
| TRISHAKTTrishakti Industries | 289.05 | minus 4.71% | 488 | 33.1 | 27.1 | 11.6% | 29.6% | 1.91 | 13.4% | plus 113.0% |
| Median of 7 peers | – | −2.47% | 835 | 33.1 | 27.1 | 13.3% | 23.6% | 0.39 | 23.9% | 16.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 254 | 238 | 242 | 263 | 275 | |
| 184 | 165 | 198 | 223 | 210 | |
| 69.6 | 72.6 | 43.8 | 40.4 | 64.9 | |
| 27.4% | 30.5% | 18.1% | 15.4% | 23.6% | |
| 18.1 | 2.5 | −87.1 | 22 | 1.9 | |
| 2.6 | 2.1 | 2.3 | 1.5 | 1.4 | |
| – | 100 | – | −4 | – | |
| 85.2 | 173 | −45.5 | 56.9 | 65.4 | |
| 22.4% | 23.6% | 26.6% | 20.2% | 27.9% | |
| 66.1 | 133 | −33.4 | 45.4 | 47.1 | |
| 22.81 | 45.73 | -11.52 | 15.66 | 16.27 |
Profit & loss
- Sales CAGR 3Y
- +24.8%
- Profit CAGR 3Y
- +29.5%
- EPS CAGR 3Y
- +29.5%
- ROE
- 12.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 512 | 617 | 828 | 997 | |
| – | +20.5% | +34.2% | +20.4% | |
| 332 | 452 | 587 | 614 | |
| 180 | 165 | 241 | 383 | |
| 35.1% | 26.8% | 29.1% | 38.4% | |
| 28 | 5 | 124 | 16.9 | |
| 8.2 | 12.8 | 16.3 | 8.4 | |
| 62.8 | 63.6 | 89.1 | 151 | |
| −0.7 | −5 | 3.9 | 29.5 | |
| 136 | 88.7 | 263 | 270 | |
| 28.8% | 42.3% | 18.1% | 22.0% | |
| 96.9 | 51.1 | 216 | 211 | |
| – | minus 47.2% | +322.2% | minus 2.5% | |
| 33.43 | 17.65 | 74.50 | 72.67 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 14.5 | 14.5 | 14.5 | 14.5 | |
| 1,295 | 1,348 | 1,574 | 1,806 | |
| 207 | 294 | 771 | 188 | |
| 409 | 431 | 468 | 549 | |
| 1,925 | 2,088 | 2,827 | 2,557 | |
| 592 | 542 | 1,285 | 1,182 | |
| 0.2 | – | – | 6.5 | |
| 0 | 0 | 0 | 0 | |
| 58.6 | 85.1 | 269 | 221 | |
| 1,274 | 1,461 | 1,273 | 1,147 | |
| 1,925 | 2,088 | 2,827 | 2,557 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 64.1 | −44.2 | 864 | 178 | |
| −37.8 | −20.5 | −726 | −108 | |
| −23.1 | 73.1 | −147 | −82.5 | |
| 3.2 | 8.5 | −9.9 | −12.5 | |
| −15.3 | −14.1 | −835 | −50.6 | |
| 48.8 | −58.3 | 29.6 | 128 | |
| −1.4 | −1.4 | −1.4 | −2.9 |
Shareholding pattern
- Promoters66.78%
- Public33.22%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 66.78% | 33.22% | 0.00 | |
| 30 Jun 2026 | 66.78% | 33.22% | 0.00 | |
| 31 Mar 2026 | 66.78% | 33.22% | plus 0.34 | |
| 31 Dec 2025 | 66.44% | 33.56% | plus 2.04 | |
| 30 Sep 2025 | 64.40% | 35.60% | – |
Major shareholders
Filings & events
News
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