Jindal Saw Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 10, 2025, 10:51 am

Market Cap	15,687 Cr.
Current Price	245
High / Low	384/211
Stock P/E	8.47
Book Value	171
Dividend Yield	0.82 %
ROCE	21.4 %
ROE	17.7 %
Face Value	1.00
PEG Ratio	0.19

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Jindal Saw Ltd

Competitors of Jindal Saw Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Mukat Pipes Ltd	21.2 Cr.	17.9	26.0/11.4	163	5.76	0.00 %	%	%	5.00
Hariom Pipe Industries Ltd	1,134 Cr.	366	889/301	18.5	178	0.16 %	14.6 %	13.5 %	10.0
Earthstahl & Alloys Ltd	34.9 Cr.	28.5	55.5/0.00	23.1	30.7	0.00 %	8.22 %	5.21 %	10.0
Crimson Metal Engineering Company Ltd	4.57 Cr.	10.3	10.3/9.38		12.5	0.00 %	7.27 %	21.7 %	10.0
Welspun Corp Ltd	19,769 Cr.	751	900/440	13.4	230	0.67 %	20.2 %	19.8 %	5.00
Industry Average	8,428.46 Cr	474.31		40.07	139.12	0.42%	16.71%	14.57%	4.69

All Competitor Stocks of Jindal Saw Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	3,471	3,970	3,478	4,044	5,158	5,188	4,410	5,466	5,656	5,425	4,939	5,572	5,271
Expenses	3,266	3,569	3,240	3,712	4,663	4,588	3,803	4,663	4,668	4,505	4,100	4,658	4,332
Operating Profit	205	401	238	331	495	600	608	804	988	920	840	914	939
OPM %	6%	10%	7%	8%	10%	12%	14%	15%	17%	17%	17%	16%	18%
Other Income	38	42	32	-2	44	79	37	22	40	69	51	37	29
Interest	108	119	160	148	169	162	160	189	182	174	154	158	173
Depreciation	122	118	110	117	118	126	132	141	147	149	148	151	151
Profit before tax	12	205	1	64	252	392	354	496	700	667	588	643	645
Tax %	94%	40%	2,275%	67%	43%	24%	31%	28%	27%	28%	29%	26%	26%
Net Profit	1	122	-16	21	143	298	244	356	512	480	416	475	479
EPS in Rs	0.20	1.98	0.08	0.93	3.35	5.58	4.14	5.90	8.34	7.85	6.90	7.81	7.92

Last Updated: February 28, 2025, 7:04 pm

Below is a detailed analysis of the quarterly data for Jindal Saw Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 5,271.00 Cr.. The value appears to be declining and may need further review. It has decreased from 5,572.00 Cr. (Sep 2024) to 5,271.00 Cr., marking a decrease of 301.00 Cr..
For Expenses, as of Dec 2024, the value is 4,332.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4,658.00 Cr. (Sep 2024) to 4,332.00 Cr., marking a decrease of 326.00 Cr..
For Operating Profit, as of Dec 2024, the value is 939.00 Cr.. The value appears strong and on an upward trend. It has increased from 914.00 Cr. (Sep 2024) to 939.00 Cr., marking an increase of 25.00 Cr..
For OPM %, as of Dec 2024, the value is 18.00%. The value appears strong and on an upward trend. It has increased from 16.00% (Sep 2024) to 18.00%, marking an increase of 2.00%.
For Other Income, as of Dec 2024, the value is 29.00 Cr.. The value appears to be declining and may need further review. It has decreased from 37.00 Cr. (Sep 2024) to 29.00 Cr., marking a decrease of 8.00 Cr..
For Interest, as of Dec 2024, the value is 173.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 158.00 Cr. (Sep 2024) to 173.00 Cr., marking an increase of 15.00 Cr..
For Depreciation, as of Dec 2024, the value is 151.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 151.00 Cr..
For Profit before tax, as of Dec 2024, the value is 645.00 Cr.. The value appears strong and on an upward trend. It has increased from 643.00 Cr. (Sep 2024) to 645.00 Cr., marking an increase of 2.00 Cr..
For Tax %, as of Dec 2024, the value is 26.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 26.00%.
For Net Profit, as of Dec 2024, the value is 479.00 Cr.. The value appears strong and on an upward trend. It has increased from 475.00 Cr. (Sep 2024) to 479.00 Cr., marking an increase of 4.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 7.92. The value appears strong and on an upward trend. It has increased from 7.81 (Sep 2024) to 7.92, marking an increase of 0.11.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:49 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	6,765	6,656	8,208	7,703	7,070	8,507	12,117	11,627	10,664	13,298	17,868	20,958	21,207
Expenses	6,160	6,014	7,254	6,979	6,393	7,466	10,645	10,116	9,422	11,899	16,192	17,631	17,594
Operating Profit	604	642	954	723	677	1,041	1,472	1,511	1,242	1,399	1,676	3,326	3,613
OPM %	9%	10%	12%	9%	10%	12%	12%	13%	12%	11%	9%	16%	17%
Other Income	-118	26	76	136	330	24	515	-3	209	155	155	162	187
Interest	236	392	606	679	569	579	615	620	493	460	642	705	659
Depreciation	219	321	335	328	337	363	396	422	459	473	470	568	598
Profit before tax	31	-46	89	-148	101	122	975	467	499	621	719	2,216	2,543
Tax %	163%	120%	131%	-46%	62%	109%	22%	1%	34%	40%	37%	28%
Net Profit	-20	-100	-27	-80	39	-11	764	461	328	376	452	1,593	1,851
EPS in Rs	-0.34	-1.55	-0.25	-0.66	1.78	2.79	13.29	8.67	4.99	6.44	10.07	26.22	30.48
Dividend Payout %	-146%	-32%	-200%	-76%	28%	22%	8%	12%	20%	16%	15%	8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-400.00%	73.00%	-196.30%	148.75%	-128.21%	7045.45%	-39.66%	-28.85%	14.63%	20.21%	252.43%
Change in YoY Net Profit Growth (%)	0.00%	473.00%	-269.30%	345.05%	-276.96%	7173.66%	-7085.11%	10.81%	43.48%	5.58%	232.22%

Jindal Saw Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	12%
5 Years:	12%
3 Years:	25%
TTM:	2%

Compounded Profit Growth
10 Years:	29%
5 Years:	27%
3 Years:	71%
TTM:	31%

Stock Price CAGR
10 Years:	23%
5 Years:	57%
3 Years:	74%
1 Year:	0%

Return on Equity
10 Years:	6%
5 Years:	9%
3 Years:	10%
Last Year:	18%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 10:30 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	55	55	58	61	64	64	64	64	64	64	64	64	64
Reserves	3,612	3,513	5,332	5,061	5,322	5,432	6,218	6,700	6,919	7,300	7,857	10,029	10,846
Borrowings	5,159	5,989	8,102	7,547	6,222	6,311	5,692	5,649	5,335	6,031	4,961	5,761	5,526
Other Liabilities	1,886	1,858	2,507	1,676	1,248	1,389	2,807	2,669	3,497	3,048	5,001	4,824	4,680
Total Liabilities	10,713	11,416	15,999	14,346	12,856	13,197	14,781	15,082	15,815	16,443	17,883	20,679	21,116
Fixed Assets	4,247	5,843	8,239	7,977	7,455	7,120	7,163	7,491	7,316	7,357	7,484	8,853	8,835
CWIP	1,410	343	531	254	102	126	260	423	404	293	300	632	864
Investments	154	75	309	154	119	110	190	129	198	224	175	178	148
Other Assets	4,903	5,155	6,921	5,961	5,180	5,840	7,169	7,039	7,898	8,570	9,924	11,016	11,269
Total Assets	10,713	11,416	15,999	14,346	12,856	13,197	14,781	15,082	15,815	16,443	17,883	20,679	21,116

Below is a detailed analysis of the balance sheet data for Jindal Saw Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹64.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 64.00 Cr..
For Reserves, as of Sep 2024, the value is ₹10,846.00 Cr.. The value appears strong and on an upward trend. It has increased from 10,029.00 Cr. (Mar 2024) to ₹10,846.00 Cr., marking an increase of 817.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹5,526.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 5,761.00 Cr. (Mar 2024) to ₹5,526.00 Cr., marking a decrease of 235.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹4,680.00 Cr.. The value appears to be improving (decreasing). It has decreased from 4,824.00 Cr. (Mar 2024) to ₹4,680.00 Cr., marking a decrease of 144.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹21,116.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 20,679.00 Cr. (Mar 2024) to ₹21,116.00 Cr., marking an increase of 437.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹8,835.00 Cr.. The value appears to be declining and may need further review. It has decreased from 8,853.00 Cr. (Mar 2024) to ₹8,835.00 Cr., marking a decrease of 18.00 Cr..
For CWIP, as of Sep 2024, the value is ₹864.00 Cr.. The value appears strong and on an upward trend. It has increased from 632.00 Cr. (Mar 2024) to ₹864.00 Cr., marking an increase of 232.00 Cr..
For Investments, as of Sep 2024, the value is ₹148.00 Cr.. The value appears to be declining and may need further review. It has decreased from 178.00 Cr. (Mar 2024) to ₹148.00 Cr., marking a decrease of 30.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹11,269.00 Cr.. The value appears strong and on an upward trend. It has increased from 11,016.00 Cr. (Mar 2024) to ₹11,269.00 Cr., marking an increase of 253.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹21,116.00 Cr.. The value appears strong and on an upward trend. It has increased from 20,679.00 Cr. (Mar 2024) to ₹21,116.00 Cr., marking an increase of 437.00 Cr..

Notably, the Reserves (10,846.00 Cr.) exceed the Borrowings (5,526.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	222	109	-183	917	1,163	565	1,567	1,665	1,570	73	1,616	2,593
Cash from Investing Activity +	-1,482	-615	-867	-517	-428	-121	-518	-468	-359	-190	-68	-1,917
Cash from Financing Activity +	1,255	359	1,253	-512	-816	-470	-977	-1,168	-831	61	-1,966	-12
Net Cash Flow	-5	-148	203	-112	-81	-25	72	28	379	-55	-419	663

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	599.00	637.00	946.00	716.00	671.00	-5.00	-4.00	-4.00	-4.00	-5.00	-3.00	-2.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	91	96	91	83	71	83	67	59	73	50	73	60
Inventory Days	153	188	257	210	221	183	156	141	177	173	134	147
Days Payable	68	67	77	42	39	42	88	74	117	71	98	89
Cash Conversion Cycle	176	217	271	250	253	224	134	126	132	152	109	119
Working Capital Days	146	177	169	169	151	159	93	69	79	94	75	80
ROCE %	6%	4%	6%	4%	4%	7%	11%	10%	8%	9%	11%	21%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	63.02%	63.02%	63.03%	63.03%	63.25%	63.26%	63.26%	63.26%	63.27%	63.29%	63.29%	63.28%
FIIs	11.61%	11.85%	11.69%	11.03%	14.94%	15.92%	17.71%	15.22%	14.66%	15.06%	16.08%	15.73%
DIIs	0.84%	0.86%	0.85%	0.91%	1.20%	1.18%	1.67%	2.27%	2.99%	3.87%	4.54%	4.69%
Public	23.87%	23.61%	23.79%	24.38%	19.98%	19.05%	16.79%	18.66%	18.60%	17.32%	15.65%	15.83%
Others	0.66%	0.65%	0.65%	0.65%	0.64%	0.59%	0.58%	0.58%	0.49%	0.46%	0.46%	0.45%
No. of Shareholders	1,13,114	1,12,135	1,10,357	1,05,756	85,839	83,048	92,000	1,16,181	1,19,422	1,37,358	1,48,683	1,72,209

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HSBC Small Cap Fund - Regular Plan	1,679,348	0.64	74.38	N/A	N/A	N/A
HSBC Value Fund	1,324,530	0.63	58.66	N/A	N/A	N/A
HSBC Infrastructure Fund	266,000	0.65	11.78	N/A	N/A	N/A
Nippon India Nifty Smallcap 250 Index Fund	69,574	0.43	3.08	N/A	N/A	N/A
Motilal Oswal Nifty Smallcap 250 Index Fund	43,680	0.43	1.93	N/A	N/A	N/A
SBI Nifty Smallcap 250 Index Fund	32,057	0.43	1.42	N/A	N/A	N/A
Motilal Oswal Nifty 500 Index Fund	4,768	0.04	0.21	N/A	N/A	N/A
Edelweiss Nifty Smallcap 250 Index Fund	1,475	0.43	0.07	N/A	N/A	N/A
Groww Nifty Total Market Index Fund	262	0.04	0.01	N/A	N/A	N/A
Motilal Oswal Nifty 500 ETF	209	0.04	0.01	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	52.75	19.91	12.96	10.02	17.35
Diluted EPS (Rs.)	52.68	19.91	12.96	10.02	17.35
Cash EPS (Rs.)	67.60	28.58	26.55	24.60	27.61
Book Value[Excl.RevalReserv]/Share (Rs.)	292.94	227.62	214.20	204.51	196.68
Book Value[Incl.RevalReserv]/Share (Rs.)	292.94	227.62	214.20	204.51	196.68
Revenue From Operations / Share (Rs.)	655.42	558.79	415.89	333.49	363.62
PBDIT / Share (Rs.)	109.12	57.66	48.62	45.38	50.67
PBIT / Share (Rs.)	91.36	42.94	33.83	31.03	37.48
PBT / Share (Rs.)	69.32	22.22	19.44	15.61	14.59
Net Profit / Share (Rs.)	49.84	13.86	11.76	10.25	14.43
NP After MI And SOA / Share (Rs.)	52.45	19.78	11.76	9.97	17.35
PBDIT Margin (%)	16.64	10.31	11.68	13.60	13.93
PBIT Margin (%)	13.93	7.68	8.13	9.30	10.30
PBT Margin (%)	10.57	3.97	4.67	4.68	4.01
Net Profit Margin (%)	7.60	2.48	2.82	3.07	3.96
NP After MI And SOA Margin (%)	8.00	3.53	2.82	2.98	4.77
Return on Networth / Equity (%)	16.61	7.98	5.10	4.56	8.20
Return on Capital Employeed (%)	23.00	13.44	11.13	10.04	12.44
Return On Assets (%)	7.97	3.46	2.23	1.96	3.58
Long Term Debt / Equity (X)	0.20	0.21	0.24	0.32	0.34
Total Debt / Equity (X)	0.55	0.59	0.78	0.62	0.72
Asset Turnover Ratio (%)	1.07	1.02	0.71	0.58	0.71
Current Ratio (X)	1.24	1.11	1.03	1.06	0.99
Quick Ratio (X)	0.64	0.59	0.49	0.59	0.53
Inventory Turnover Ratio (X)	2.81	2.84	2.28	2.01	2.12
Dividend Payout Ratio (NP) (%)	5.68	10.04	16.91	19.94	13.89
Dividend Payout Ratio (CP) (%)	4.24	5.75	7.49	8.17	7.89
Earning Retention Ratio (%)	94.32	89.96	83.09	80.06	86.11
Cash Earning Retention Ratio (%)	95.76	94.25	92.51	91.83	92.11
Interest Coverage Ratio (X)	4.95	2.89	3.38	2.94	2.61
Interest Coverage Ratio (Post Tax) (X)	3.26	1.73	1.82	1.67	1.92
Enterprise Value (Cr.)	17782.55	8481.50	7479.10	5589.17	5558.46
EV / Net Operating Revenue (X)	0.84	0.47	0.56	0.52	0.47
EV / EBITDA (X)	5.10	4.60	4.81	3.85	3.43
MarketCap / Net Operating Revenue (X)	0.65	0.26	0.21	0.22	0.12
Retention Ratios (%)	94.31	89.95	83.08	80.05	86.10
Price / BV (X)	1.37	0.58	0.39	0.33	0.21
Price / Net Operating Revenue (X)	0.65	0.26	0.21	0.22	0.12
EarningsYield	0.12	0.13	0.13	0.13	0.37

After reviewing the key financial ratios for Jindal Saw Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 52.75. This value is within the healthy range. It has increased from 19.91 (Mar 23) to 52.75, marking an increase of 32.84.
For Diluted EPS (Rs.), as of Mar 24, the value is 52.68. This value is within the healthy range. It has increased from 19.91 (Mar 23) to 52.68, marking an increase of 32.77.
For Cash EPS (Rs.), as of Mar 24, the value is 67.60. This value is within the healthy range. It has increased from 28.58 (Mar 23) to 67.60, marking an increase of 39.02.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 292.94. It has increased from 227.62 (Mar 23) to 292.94, marking an increase of 65.32.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 292.94. It has increased from 227.62 (Mar 23) to 292.94, marking an increase of 65.32.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 655.42. It has increased from 558.79 (Mar 23) to 655.42, marking an increase of 96.63.
For PBDIT / Share (Rs.), as of Mar 24, the value is 109.12. This value is within the healthy range. It has increased from 57.66 (Mar 23) to 109.12, marking an increase of 51.46.
For PBIT / Share (Rs.), as of Mar 24, the value is 91.36. This value is within the healthy range. It has increased from 42.94 (Mar 23) to 91.36, marking an increase of 48.42.
For PBT / Share (Rs.), as of Mar 24, the value is 69.32. This value is within the healthy range. It has increased from 22.22 (Mar 23) to 69.32, marking an increase of 47.10.
For Net Profit / Share (Rs.), as of Mar 24, the value is 49.84. This value is within the healthy range. It has increased from 13.86 (Mar 23) to 49.84, marking an increase of 35.98.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 52.45. This value is within the healthy range. It has increased from 19.78 (Mar 23) to 52.45, marking an increase of 32.67.
For PBDIT Margin (%), as of Mar 24, the value is 16.64. This value is within the healthy range. It has increased from 10.31 (Mar 23) to 16.64, marking an increase of 6.33.
For PBIT Margin (%), as of Mar 24, the value is 13.93. This value is within the healthy range. It has increased from 7.68 (Mar 23) to 13.93, marking an increase of 6.25.
For PBT Margin (%), as of Mar 24, the value is 10.57. This value is within the healthy range. It has increased from 3.97 (Mar 23) to 10.57, marking an increase of 6.60.
For Net Profit Margin (%), as of Mar 24, the value is 7.60. This value is within the healthy range. It has increased from 2.48 (Mar 23) to 7.60, marking an increase of 5.12.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 8.00. This value is within the healthy range. It has increased from 3.53 (Mar 23) to 8.00, marking an increase of 4.47.
For Return on Networth / Equity (%), as of Mar 24, the value is 16.61. This value is within the healthy range. It has increased from 7.98 (Mar 23) to 16.61, marking an increase of 8.63.
For Return on Capital Employeed (%), as of Mar 24, the value is 23.00. This value is within the healthy range. It has increased from 13.44 (Mar 23) to 23.00, marking an increase of 9.56.
For Return On Assets (%), as of Mar 24, the value is 7.97. This value is within the healthy range. It has increased from 3.46 (Mar 23) to 7.97, marking an increase of 4.51.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.20. This value is within the healthy range. It has decreased from 0.21 (Mar 23) to 0.20, marking a decrease of 0.01.
For Total Debt / Equity (X), as of Mar 24, the value is 0.55. This value is within the healthy range. It has decreased from 0.59 (Mar 23) to 0.55, marking a decrease of 0.04.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.07. It has increased from 1.02 (Mar 23) to 1.07, marking an increase of 0.05.
For Current Ratio (X), as of Mar 24, the value is 1.24. This value is below the healthy minimum of 1.5. It has increased from 1.11 (Mar 23) to 1.24, marking an increase of 0.13.
For Quick Ratio (X), as of Mar 24, the value is 0.64. This value is below the healthy minimum of 1. It has increased from 0.59 (Mar 23) to 0.64, marking an increase of 0.05.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 2.81. This value is below the healthy minimum of 4. It has decreased from 2.84 (Mar 23) to 2.81, marking a decrease of 0.03.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 5.68. This value is below the healthy minimum of 20. It has decreased from 10.04 (Mar 23) to 5.68, marking a decrease of 4.36.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 4.24. This value is below the healthy minimum of 20. It has decreased from 5.75 (Mar 23) to 4.24, marking a decrease of 1.51.
For Earning Retention Ratio (%), as of Mar 24, the value is 94.32. This value exceeds the healthy maximum of 70. It has increased from 89.96 (Mar 23) to 94.32, marking an increase of 4.36.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 95.76. This value exceeds the healthy maximum of 70. It has increased from 94.25 (Mar 23) to 95.76, marking an increase of 1.51.
For Interest Coverage Ratio (X), as of Mar 24, the value is 4.95. This value is within the healthy range. It has increased from 2.89 (Mar 23) to 4.95, marking an increase of 2.06.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 3.26. This value is within the healthy range. It has increased from 1.73 (Mar 23) to 3.26, marking an increase of 1.53.
For Enterprise Value (Cr.), as of Mar 24, the value is 17,782.55. It has increased from 8,481.50 (Mar 23) to 17,782.55, marking an increase of 9,301.05.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.84. This value is below the healthy minimum of 1. It has increased from 0.47 (Mar 23) to 0.84, marking an increase of 0.37.
For EV / EBITDA (X), as of Mar 24, the value is 5.10. This value is within the healthy range. It has increased from 4.60 (Mar 23) to 5.10, marking an increase of 0.50.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.65. This value is below the healthy minimum of 1. It has increased from 0.26 (Mar 23) to 0.65, marking an increase of 0.39.
For Retention Ratios (%), as of Mar 24, the value is 94.31. This value exceeds the healthy maximum of 70. It has increased from 89.95 (Mar 23) to 94.31, marking an increase of 4.36.
For Price / BV (X), as of Mar 24, the value is 1.37. This value is within the healthy range. It has increased from 0.58 (Mar 23) to 1.37, marking an increase of 0.79.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.65. This value is below the healthy minimum of 1. It has increased from 0.26 (Mar 23) to 0.65, marking an increase of 0.39.
For EarningsYield, as of Mar 24, the value is 0.12. This value is below the healthy minimum of 5. It has decreased from 0.13 (Mar 23) to 0.12, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Jindal Saw Ltd as of April 11, 2025 is: 206.77

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 11, 2025, Jindal Saw Ltd is Overvalued by 15.60% compared to the current share price 245.00

Intrinsic Value of Jindal Saw Ltd as of April 11, 2025 is: 296.94

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 11, 2025, Jindal Saw Ltd is Undervalued by 21.20% compared to the current share price 245.00

Last 5 Year EPS CAGR: 43.61%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (6,472.38 cr) compared to borrowings (6,021.92 cr), indicating strong financial stability. The company has shown consistent growth in sales (11.23 cr) and profit (264.15 cr) over the years.	The stock has a low average ROCE of 8.42%, which may not be favorable. The stock has a high average Working Capital Days of 121.75, which may not be favorable. The stock has a high average Cash Conversion Cycle of 180.25, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Jindal Saw Ltd:
1. Net Profit Margin: 7.6%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 23% (Industry Average ROCE: 16.71%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 16.61% (Industry Average ROE: 14.57%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 3.26
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.64
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 8.47 (Industry average Stock P/E: 40.07)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.55
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Jindal Saw Ltd. is a Public Limited Listed company incorporated on 31/10/1984 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L27104UP1984PLC023979 and registration number is 023979. Currently Company is involved in the business activities of Mining of iron ores. Company's Total Operating Revenue is Rs. 17961.97 Cr. and Equity Capital is Rs. 63.95 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Steel - Tubes/Pipes	A-1, UPSIDC Industrial Area, Mathura District Uttar Pradesh 281403	investors@jindalsaw.com http://www.jindalsaw.com

Management
Name	Position Held
Mrs. Savitri Devi Jindal	Chairperson Emeritus
Mr. Prithavi Raj Jindal	Chairman & Non-Exe.Director
Ms. Sminu Jindal	Managing Director
Mr. Neeraj Kumar	WholeTime Director & Group CEO
Mr. Hawa Singh Chaudhary	Whole Time Director
Ms. Shradha Jatia	Joint Managing Director
Ms. Tripti Puneet Arya	Joint Managing Director
Mr. Ajit Kumar Hazarika	Independent Director
Mr. Girish Sharma	Independent Director
Mr. Abhiram Tayal	Independent Director
Mr. Sanjeev Shankar	Independent Director
Dr. Vinita Jha	Independent Director
Dr. Raj Kamal Agarwal	Independent Director
Mr. Ravinder Nath Leekha	Independent Director

FAQ

What is the intrinsic value of Jindal Saw Ltd?

Jindal Saw Ltd's intrinsic value (as of 10 April 2025) is ₹206.77 — 15.60% lower the current market price of 245.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 15,687 Cr. market cap, FY2025-2026 high/low of ₹384/211, reserves of 10,846 Cr, and liabilities of 21,116 Cr.

What is the Market Cap of Jindal Saw Ltd?

The Market Cap of Jindal Saw Ltd is 15,687 Cr..

What is the current Stock Price of Jindal Saw Ltd as on 10 April 2025?

The current stock price of Jindal Saw Ltd as on 10 April 2025 is 245.

What is the High / Low of Jindal Saw Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Jindal Saw Ltd stocks is ₹384/211.

What is the Stock P/E of Jindal Saw Ltd?

The Stock P/E of Jindal Saw Ltd is 8.47.

What is the Book Value of Jindal Saw Ltd?

The Book Value of Jindal Saw Ltd is 171.

What is the Dividend Yield of Jindal Saw Ltd?

The Dividend Yield of Jindal Saw Ltd is 0.82 %.

What is the ROCE of Jindal Saw Ltd?

The ROCE of Jindal Saw Ltd is 21.4 %.

What is the ROE of Jindal Saw Ltd?

The ROE of Jindal Saw Ltd is 17.7 %.

What is the Face Value of Jindal Saw Ltd?

The Face Value of Jindal Saw Ltd is 1.00.