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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Jindal Saw Ltd

About the Company - Jindal Saw Ltd

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 Manufacture of tube and tube fittings of basic iron and steel. Company’s Total Operating Revenue is Rs. 11022.27 Cr. and Equity Capital is Rs. 63.95 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - Tubes/PipesA-1, UPSIDC Industrial Area, Mathura District Uttar Pradesh 281403investors@jindalsaw.com
http://www.jindalsaw.com
Management
NamePosition Held
Mrs. Savitri Devi JindalChairperson Emeritus
Mr. Prithavi Raj JindalChairman & Non-Exe.Director
Ms. Sminu JindalManaging Director
Mr. Neeraj KumarWholeTime Director & Group CEO
Mr. Hawa Singh ChaudharyWhole Time Director
Ms. Shradha JatiaJoint Managing Director
Ms. Tripti Puneet AryaJoint Managing Director
Mr. Ajit Kumar HazarikaIndependent Director
Mr. Girish SharmaIndependent Director
Mr. Abhiram TayalIndependent Director
Mr. Sanjeev ShankarIndependent Director
Dr. Vinita JhaIndependent Director
Dr. Raj Kamal AgarwalIndependent Director
Mr. Ravinder Nath LeekhaIndependent Director

Basic Stock Data of Jindal Saw Ltd

Last Updated: June 17, 2024, 8:28 pm

Market Cap 17,930 Cr.
Current Price 561
High / Low598/228
Stock P/E11.2
Book Value 316
Dividend Yield0.71 %
ROCE21.4 %
ROE17.7 %
Face Value 2.00
PEG Ratio0.67

Jindal Saw Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2,8653,7842,8852,9733,4713,9703,4784,0445,1585,1884,4105,4665,656
Expenses2,5563,3092,4662,5953,2663,5693,2403,7124,6634,5883,8024,6624,668
Operating Profit308475419378205401238331495600608804988
OPM %11%13%15%13%6%10%7%8%10%12%14%15%17%
Other Income47474132384232-24479382341
Interest125111121112108119160148169161160189181
Depreciation113125112120122118110117118126133143149
Profit before tax11628722617912205164252392353495699
Tax %24%35%36%40%94%40%2,275%67%43%25%31%28%27%
Net Profit881871461081122-1621143294243356512
EPS in Rs2.065.764.763.750.403.970.151.866.7111.068.2311.7516.62

Last Updated: June 5, 2024, 3:59 am

Jindal Saw Ltd Quarterly Chart

Jindal Saw Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6,0366,7656,6568,2087,7037,0708,50712,11711,62710,66413,29817,86820,222
Expenses5,3626,1606,0147,2546,9796,3937,46610,64510,1169,42211,89916,19117,715
Operating Profit6756046429547236771,0411,4721,5111,2421,3991,6772,507
OPM %11%9%10%12%9%10%12%12%13%12%11%9%12%
Other Income-46-118267613633024515-3209155141184
Interest165236392606679569579615620493460638678
Depreciation182219321335328337363396422459473471519
Profit before tax28231-4689-1481011229754674996217101,493
Tax %33%163%-120%131%46%62%109%22%1%34%40%38%
Net Profit188-20-100-27-8039-117644613283764431,036
EPS in Rs6.85-0.68-3.10-0.50-1.323.565.5826.5817.359.9712.8819.7737.75
Dividend Payout %15%-146%-32%-200%-76%28%22%8%12%20%16%15%

Jindal Saw Ltd Profit & Loss Yearly Chart

Jindal Saw Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:12%
3 Years:25%
TTM:17%
Compounded Profit Growth
10 Years:29%
5 Years:27%
3 Years:71%
TTM:243%
Stock Price CAGR
10 Years:22%
5 Years:47%
3 Years:75%
1 Year:148%
Return on Equity
10 Years:6%
5 Years:9%
3 Years:10%
Last Year:18%

Last Updated: June 18, 2024, 8:39 am

Jindal Saw Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital55555558616464646464646464
Reserves3,6673,6123,5135,3325,0615,3225,4326,2186,7006,9197,3007,8598,967
Borrowings3,5875,1595,9898,1027,5476,2226,3115,6925,6495,3356,0314,9226,174
Other Liabilities2,0161,8861,8582,5071,6761,2481,3892,8072,6693,4973,0485,0165,048
Total Liabilities9,32510,71311,41615,99914,34612,85613,19714,78115,08215,81516,44317,86120,253
Fixed Assets2,8004,2475,8438,2397,9777,4557,1207,1637,4917,3167,3577,3728,765
CWIP1,5021,410343531254102126260423404293300464
Investments4515475309154119110190129198224251251
Other Assets4,9794,9035,1556,9215,9615,1805,8407,1697,0397,8988,5709,93910,772
Total Assets9,32510,71311,41615,99914,34612,85613,19714,78115,08215,81516,44317,86120,253

Jindal Saw Ltd Reserves and Borrowings Chart

Jindal Saw Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -296222109-1839171,1635651,5671,6651,570731,617
Cash from Investing Activity -600-1,482-615-867-517-428-121-518-468-359-190-68
Cash from Financing Activity 9791,2553591,253-512-816-470-977-1,168-83161-1,968
Net Cash Flow83-5-148203-112-81-257228379-55-419

Jindal Saw Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days949196918371836759735073
Inventory Days212153188257210221183156141177173134
Days Payable7468677742394288741177198
Cash Conversion Cycle232176217271250253224134126132152109
Working Capital Days1571461771691691511599369799474
ROCE %9%6%4%6%4%4%7%11%10%8%9%11%

Jindal Saw Ltd Financial Efficiency Indicators Chart

Jindal Saw Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters63.02%63.02%63.02%63.02%63.02%63.02%63.02%63.03%63.03%63.25%63.26%63.26%
FIIs9.46%9.54%10.13%12.41%12.38%11.61%11.85%11.69%11.03%14.94%15.92%17.71%
DIIs1.32%1.17%1.08%0.87%0.88%0.84%0.86%0.85%0.91%1.20%1.18%1.67%
Public25.64%25.70%25.21%23.04%23.06%23.87%23.61%23.79%24.38%19.98%19.05%16.79%
Others0.56%0.56%0.56%0.66%0.66%0.66%0.65%0.65%0.65%0.64%0.59%0.58%
No. of Shareholders72,99978,67385,62691,03699,0611,13,1141,12,1351,10,3571,05,75685,83983,04892,000

Jindal Saw Ltd Shareholding Pattern Chart

No. of Jindal Saw Ltd Shareholders

Jindal Saw Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HSBC Small Cap Fund - Regular Plan1,679,3480.6474.38266,0002024-06-17531.33%
HSBC Value Fund1,324,5300.6358.66266,0002024-06-17397.94%
HSBC Infrastructure Fund266,0000.6511.78266,0002024-06-170%
Nippon India Nifty Smallcap 250 Index Fund69,5740.433.08266,0002024-06-17-73.84%
Motilal Oswal Nifty Smallcap 250 Index Fund43,6800.431.93266,0002024-06-17-83.58%
SBI Nifty Smallcap 250 Index Fund32,0570.431.42266,0002024-06-17-87.95%
Motilal Oswal Nifty 500 Index Fund4,7680.040.21266,0002024-06-17-98.21%
Edelweiss Nifty Smallcap 250 Index Fund1,4750.430.07266,0002024-06-17-99.45%
Groww Nifty Total Market Index Fund2620.040.01266,0002024-06-17-99.9%
Motilal Oswal Nifty 500 ETF2090.040.01266,0002024-06-17-99.92%

Jindal Saw Ltd ROCE Trend

Jindal Saw Ltd EPS Trend

Jindal Saw Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)52.7519.9112.9610.0217.35
Diluted EPS (Rs.)52.7519.9112.9610.0217.35
Cash EPS (Rs.)67.6128.5826.5524.6027.61
Book Value[Excl.RevalReserv]/Share (Rs.)292.95227.62214.20204.51196.68
Book Value[Incl.RevalReserv]/Share (Rs.)292.95227.62214.20204.51196.68
Revenue From Operations / Share (Rs.)655.44558.79415.89333.49363.62
PBDIT / Share (Rs.)109.1257.6648.6245.3850.67
PBIT / Share (Rs.)91.3642.9433.8331.0337.48
PBT / Share (Rs.)69.3222.2219.4415.6114.59
Net Profit / Share (Rs.)49.8413.8611.7610.2514.43
NP After MI And SOA / Share (Rs.)52.4519.7811.769.9717.35
PBDIT Margin (%)16.6410.3111.6813.6013.93
PBIT Margin (%)13.937.688.139.3010.30
PBT Margin (%)10.573.974.674.684.01
Net Profit Margin (%)7.602.482.823.073.96
NP After MI And SOA Margin (%)8.003.532.822.984.77
Return on Networth / Equity (%)16.617.985.104.568.20
Return on Capital Employeed (%)23.0013.4411.1310.0412.44
Return On Assets (%)7.973.462.231.963.58
Long Term Debt / Equity (X)0.220.210.240.320.34
Total Debt / Equity (X)0.570.590.780.620.72
Asset Turnover Ratio (%)1.070.920.710.580.71
Current Ratio (X)1.241.111.031.060.99
Quick Ratio (X)0.640.590.490.590.53
Inventory Turnover Ratio (X)2.812.752.282.012.12
Dividend Payout Ratio (NP) (%)0.0010.0416.9119.9413.89
Dividend Payout Ratio (CP) (%)0.005.757.498.177.89
Earning Retention Ratio (%)0.0089.9683.0980.0686.11
Cash Earning Retention Ratio (%)0.0094.2592.5191.8392.11
Interest Coverage Ratio (X)4.952.893.382.942.61
Interest Coverage Ratio (Post Tax) (X)3.261.731.821.671.92
Enterprise Value (Cr.)17956.848481.507479.105589.175558.46
EV / Net Operating Revenue (X)0.850.470.560.520.47
EV / EBITDA (X)5.154.604.813.853.43
MarketCap / Net Operating Revenue (X)0.650.260.210.220.12
Retention Ratios (%)0.0089.9583.0880.0586.10
Price / BV (X)1.370.580.390.330.21
Price / Net Operating Revenue (X)0.650.260.210.220.12
EarningsYield0.120.130.130.130.37

Jindal Saw Ltd Profitability Ratios (%)

Jindal Saw Ltd Liquidity Ratios

Jindal Saw Ltd Liquidity Ratios (%)

Jindal Saw Ltd Interest Coverage Ratios (%)

Jindal Saw Ltd Valuation Ratios

Fair Value

Fair Value: 630.89

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.

Undervalued: 12.46% compared to the current price 561

Intrinsic Value: 737.01

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 31.37% compared to the current price ₹561

Last 5 Year EPS CAGR: 16.82%

*Investments are subject to market risks

Strength and Weakness of Jindal Saw Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (10.08 cr) and profit (284.92 cr) over the years.
  1. The stock has a low average ROCE of 7.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 128.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 189.67, which may not be favorable.
  4. The company has higher borrowings (5,901.54) compared to reserves (5,838.62), which may suggest financial risk.

FAQ

What is the latest fair value of Jindal Saw Ltd?

The latest fair value of Jindal Saw Ltd is ₹630.89.

What is the Market Cap of Jindal Saw Ltd?

The Market Cap of Jindal Saw Ltd is 17,930 Cr..

What is the current Stock Price of Jindal Saw Ltd as on 23 June 2024?

The current stock price of Jindal Saw Ltd as on 23 June 2024 is ₹561.

What is the High / Low of Jindal Saw Ltd stocks in FY 2024?

In FY 2024, the High / Low of Jindal Saw Ltd stocks is 598/228.

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

The Stock P/E of Jindal Saw Ltd is 11.2.

What is the Book Value of Jindal Saw Ltd?

The Book Value of Jindal Saw Ltd is 316.

What is the Dividend Yield of Jindal Saw Ltd?

The Dividend Yield of Jindal Saw Ltd is 0.71 %.

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 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Jindal Saw Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE