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Jindal Saw Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹337.96Undervalued by 40.82%vs CMP ₹240.00

P/E (13.6) × ROE (16.3%) × BV (₹189.00) × DY (0.83%)

₹278.10Undervalued by 15.88%vs CMP ₹240.00
MoS: +13.7% (Thin)Confidence: 43/100 (Low)Models: 4 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹413.1823%Under (+72.2%)
Graham NumberEarnings₹273.5017%Under (+14%)
Earnings PowerEarnings₹97.8311%Over (-59.2%)
DCFCash Flow₹268.0111%Under (+11.7%)
Net Asset ValueAssets₹196.847%Over (-18%)
EV/EBITDAEnterprise₹434.529%Under (+81.1%)
Earnings YieldEarnings₹175.907%Over (-26.7%)
ROCE CapitalReturns₹226.137%Fair (-5.8%)
Revenue MultipleRevenue₹163.036%Over (-32.1%)
Consensus (9 models)₹278.10100%Undervalued
Key Drivers: Wide model spread (₹98–₹435) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 22.3%

*Investments are subject to market risks

Analyst Summary

Jindal Saw Ltd operates in the Steel - Tubes/Pipes segment, current market price is ₹240.00, market cap is 15,331 Cr.. At a glance, stock P/E is 13.6, ROE is 16.3 %, ROCE is 19.4 %, book value is 189, dividend yield is 0.83 %. The latest intrinsic value estimate is ₹278.10, which is about 15.9% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹20,829 Cr versus the prior period change of -0.6%, while latest net profit is about ₹1,458 Cr with a prior-period change of -8.5%. The 52-week range shown on this page is 268/153, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisJindal 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 L271…

This summary is generated from the stock page data available for Jindal Saw Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

56
Jindal Saw Ltd scores 56/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 19.4% GoodROE 16.3% GoodD/E 0.62 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money20/100 · Weak
FII holding down -2.90% (6mo) SellingDII holding down 0.90% MF sellingPromoter holding at 63.3% Stable
Earnings Quality65/100 · Strong
OPM expanding (10% → 17%) Improving
Quarterly Momentum15/100 · Weak
Revenue (4Q): -14% YoY DecliningProfit (4Q): -52% YoY DecliningOPM: 12.0% (down 6.0% YoY) Margin pressure
Industry Rank90/100 · Strong
P/E 13.6 vs industry 45.8 Cheaper than peersROCE 19.4% vs industry 15.3% Above peersROE 16.3% vs industry 11.7% Above peers3Y sales CAGR: 16% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 10:54 pm

Market Cap 15,331 Cr.
Current Price 240
Intrinsic Value₹278.10
High / Low 268/153
Stock P/E13.6
Book Value 189
Dividend Yield0.83 %
ROCE19.4 %
ROE16.3 %
Face Value 1.00
PEG Ratio0.61

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

View Share Price Target for Jindal Saw Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Jindal Saw Ltd 15,331 Cr. 240 268/15313.6 1890.83 %19.4 %16.3 % 1.00
Ratnamani Metals & Tubes Ltd 18,265 Cr. 2,606 3,050/1,90030.6 5520.54 %21.5 %16.0 % 2.00
Surya Roshni Ltd 5,127 Cr. 236 359/18716.2 1151.80 %20.7 %14.9 % 5.00
Man Industries (India) Ltd 4,132 Cr. 551 564/25022.0 2620.00 %16.0 %10.0 % 5.00
Goodluck India Ltd 3,953 Cr. 1,189 1,353/68623.7 3920.34 %16.1 %14.5 % 2.00
Industry Average11,605.00 Cr595.7145.83163.020.39%15.34%11.65%4.69

All Competitor Stocks of Jindal Saw Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 5,1585,1884,4105,4665,6565,4254,9395,5725,2715,0474,0854,2344,943
Expenses 4,6634,5883,8034,6634,6684,5054,1004,6584,3324,3103,4153,7824,331
Operating Profit 495600608804988920840914939736670451613
OPM % 10%12%14%15%17%17%17%16%18%15%16%11%12%
Other Income 44793722406951372928294022
Interest 169162160189182174154158173139171153133
Depreciation 118126132141147149148151151153153156155
Profit before tax 252392354496700667588643645473374183347
Tax % 43%24%31%28%27%28%29%26%26%82%-11%24%29%
Net Profit 14329824435651248041647547987415139248
EPS in Rs 3.355.584.145.908.347.856.907.817.924.556.632.384.03

Last Updated: February 5, 2026, 10:06 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 4:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6,6568,2087,7037,0708,50712,11711,62710,66413,29817,86820,95820,82918,308
Expenses 6,0147,2546,9796,3937,46610,64510,1169,42211,89916,19217,63117,37515,838
Operating Profit 6429547236771,0411,4721,5111,2421,3991,6763,3263,4542,470
OPM % 10%12%9%10%12%12%13%12%11%9%16%17%13%
Other Income 267613633024515-3209155155162120119
Interest 392606679569579615620493460642705623596
Depreciation 321335328337363396422459473470568602616
Profit before tax -4689-1481011229754674996217192,2162,3491,377
Tax % 120%131%-46%62%109%22%1%34%40%37%28%38%
Net Profit -100-27-8039-117644613283764521,5931,458889
EPS in Rs -1.55-0.25-0.661.782.7913.298.674.996.4410.0726.2227.1817.59
Dividend Payout % -32%-200%-76%28%22%8%12%20%16%15%8%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)73.00%-196.30%148.75%-128.21%7045.45%-39.66%-28.85%14.63%20.21%252.43%-8.47%
Change in YoY Net Profit Growth (%)0.00%-269.30%345.05%-276.96%7173.66%-7085.11%10.81%43.48%5.58%232.22%-260.91%

Jindal Saw Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:12%
3 Years:16%
TTM:-7%
Compounded Profit Growth
10 Years:42%
5 Years:24%
3 Years:62%
TTM:-7%
Stock Price CAGR
10 Years:22%
5 Years:45%
3 Years:66%
1 Year:-42%
Return on Equity
10 Years:9%
5 Years:12%
3 Years:15%
Last Year:16%

Last Updated: September 5, 2025, 8:20 am

Balance Sheet

Last Updated: April 29, 2026, 5:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 586164646464646464646464
Reserves 5,3325,0615,3225,4326,2186,7006,9197,3007,85710,02911,34712,510
Borrowings 8,1027,5476,2226,3115,6925,6495,3356,0314,9615,7614,8594,691
Other Liabilities 2,5071,6761,2481,3892,8072,6693,4973,0485,0014,8244,3954,421
Total Liabilities 15,99914,34612,85613,19714,78115,08215,81516,44317,88320,67920,66521,686
Fixed Assets 8,2397,9777,4557,1207,1637,4917,3167,3577,4848,8539,34110,409
CWIP 531254102126260423404293300632641453
Investments 309154119110190129198224175178168105
Other Assets 6,9215,9615,1805,8407,1697,0397,8988,5709,92411,01610,51610,720
Total Assets 15,99914,34612,85613,19714,78115,08215,81516,44317,88320,67920,66521,686

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + -1839171,1635651,5671,6651,570731,6162,5932,3351,771
Cash from Investing Activity + -867-517-428-121-518-468-359-190-68-1,917-897-955
Cash from Financing Activity + 1,253-512-816-470-977-1,168-83161-1,966-12-1,524-1,073
Net Cash Flow 203-112-81-257228379-55-419663-86-257
Free Cash Flow -8954348773771,0711,1071,173-2791,3791,7411,324706
CFO/OP -9%137%188%61%118%122%134%16%106%87%85%92%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow642.00946.00716.00671.00-5.00-4.00-4.00-4.00-5.00-3.00-2.00-1.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 969183718367597350736062
Inventory Days 188257210221183156141177173134147152
Days Payable 6777423942887411771988978
Cash Conversion Cycle 217271250253224134126132152109119136
Working Capital Days 522630374212-12-17-15151941
ROCE %4%6%4%4%7%11%10%8%9%11%21%19%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 63.25%63.26%63.26%63.26%63.27%63.29%63.29%63.28%63.28%63.26%63.25%63.25%
FIIs 14.94%15.92%17.71%15.22%14.66%15.06%16.08%15.73%16.99%15.12%15.35%14.09%
DIIs 1.20%1.18%1.67%2.27%2.99%3.87%4.54%4.69%4.40%4.77%4.35%3.50%
Public 19.98%19.05%16.79%18.66%18.60%17.32%15.65%15.83%14.95%16.48%16.69%18.79%
Others 0.64%0.59%0.58%0.58%0.49%0.46%0.46%0.45%0.38%0.37%0.37%0.36%
No. of Shareholders 85,83983,04892,0001,16,1811,19,4221,37,3581,48,6831,72,2091,74,1891,87,1681,96,7602,13,816

Shareholding Pattern Chart

No. of Shareholders

Jindal Saw Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 7,567,590 0.2 133.02N/AN/AN/A
HSBC Value Fund 5,104,196 0.62 89.721,324,5302025-12-08 05:19:24285.36%
Mahindra Manulife Small Cap Fund 4,000,000 1.76 70.31N/AN/AN/A
HSBC ELSS Tax saver Fund 1,888,200 0.84 33.19N/AN/AN/A
HSBC Small Cap Fund 1,741,267 0.2 30.61N/AN/AN/A
Bandhan Small Cap Fund 1,157,896 0.11 20.35930,9382026-01-26 05:29:3324.38%
DSP Natural Resources and New Energy Fund 529,605 0.53 9.31N/AN/AN/A
JM Value Fund 400,000 0.79 7.03N/AN/AN/A
Bandhan Business Cycle Fund 239,911 0.31 4.22246,3272026-02-23 01:22:40-2.6%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.002.002.002.002.00
Basic EPS (Rs.) 27.3152.7519.9112.9610.02
Diluted EPS (Rs.) 27.2252.6819.9112.9610.02
Cash EPS (Rs.) 31.8067.6028.5826.5524.60
Book Value[Excl.RevalReserv]/Share (Rs.) 178.43292.94227.62214.20204.51
Book Value[Incl.RevalReserv]/Share (Rs.) 178.43292.94227.62214.20204.51
Revenue From Operations / Share (Rs.) 325.70655.42558.79415.89333.49
PBDIT / Share (Rs.) 55.48109.1257.6648.6245.38
PBIT / Share (Rs.) 46.0791.3642.9433.8331.03
PBT / Share (Rs.) 36.3269.3222.2219.4415.61
Net Profit / Share (Rs.) 22.3949.8413.8611.7610.25
NP After MI And SOA / Share (Rs.) 27.1852.4519.7811.769.97
PBDIT Margin (%) 17.0316.6410.3111.6813.60
PBIT Margin (%) 14.1413.937.688.139.30
PBT Margin (%) 11.1510.573.974.674.68
Net Profit Margin (%) 6.877.602.482.823.07
NP After MI And SOA Margin (%) 8.348.003.532.822.98
Return on Networth / Equity (%) 15.2316.617.985.104.56
Return on Capital Employeed (%) 21.3523.0013.4411.1310.04
Return On Assets (%) 8.367.973.462.231.96
Long Term Debt / Equity (X) 0.130.200.210.240.32
Total Debt / Equity (X) 0.400.550.590.780.62
Asset Turnover Ratio (%) 0.991.071.020.710.58
Current Ratio (X) 1.451.241.111.031.06
Quick Ratio (X) 0.740.640.590.490.59
Inventory Turnover Ratio (X) 4.242.812.842.282.01
Dividend Payout Ratio (NP) (%) 7.325.6810.0416.9119.94
Dividend Payout Ratio (CP) (%) 5.434.245.757.498.17
Earning Retention Ratio (%) 92.6894.3289.9683.0980.06
Cash Earning Retention Ratio (%) 94.5795.7694.2592.5191.83
Interest Coverage Ratio (X) 5.694.952.893.382.94
Interest Coverage Ratio (Post Tax) (X) 3.303.261.731.821.67
Enterprise Value (Cr.) 20692.0117782.558481.507479.105589.17
EV / Net Operating Revenue (X) 0.990.840.470.560.52
EV / EBITDA (X) 5.835.104.604.813.85
MarketCap / Net Operating Revenue (X) 0.820.650.260.210.22
Retention Ratios (%) 92.6794.3189.9583.0880.05
Price / BV (X) 1.511.370.580.390.33
Price / Net Operating Revenue (X) 0.820.650.260.210.22
EarningsYield 0.100.120.130.130.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 Manufacture of tube and tube fittings of basic iron and steel. Company's Total Operating Revenue is Rs. 14620.13 Cr. and Equity Capital is Rs. 63.95 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Steel - Tubes/PipesA-1, UPSIDC Industrial Area, Mathura District Uttar Pradesh 281403Contact not found
Management
NamePosition Held
Mrs. Savitri Devi JindalChairperson Emeritus
Mr. Prithavi Raj JindalChairman & Non-Exe.Director
Ms. Sminu JindalManaging Director
Ms. Tripti Puneet AryaJoint Managing Director
Ms. Shraddha Prithvi RjJoint Managing Director
Mr. Neeraj KumarWholeTime Director & Group CEO
Mr. Nitin SharmaWhole Time Director
Mr. Ajit Kumar HazarikaIndependent Director
Mr. Girish SharmaIndependent Director
Mr. Abhiram TayalIndependent Director
Mr. Sanjeev ShankarIndependent Director
Dr. Vinita JhaIndependent Director
Mr. Satyakam MishraIndependent Director
Dr. Chandra Shekhar AgrawalIndependent Director

FAQ

What is the intrinsic value of Jindal Saw Ltd and is it undervalued?

As of 30 April 2026, Jindal Saw Ltd's intrinsic value is ₹278.10, which is 15.88% higher than the current market price of ₹240.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (16.3 %), book value (₹189), dividend yield (0.83 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Jindal Saw Ltd?

Jindal Saw Ltd is trading at ₹240.00 as of 30 April 2026, with a FY2026-2027 high of ₹268 and low of ₹153. The stock is currently near its 52-week high. Market cap stands at ₹15,331 Cr..

How does Jindal Saw Ltd's P/E ratio compare to its industry?

Jindal Saw Ltd has a P/E ratio of 13.6, which is below the industry average of 45.83. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Jindal Saw Ltd financially healthy?

Key indicators for Jindal Saw Ltd: ROCE of 19.4 % indicates efficient capital utilization; ROE of 16.3 % shows strong shareholder returns. Dividend yield is 0.83 %.

Is Jindal Saw Ltd profitable and how is the profit trend?

Jindal Saw Ltd reported a net profit of ₹1,458 Cr in Mar 2025 on revenue of ₹20,829 Cr. Compared to ₹376 Cr in Mar 2022, the net profit shows an improving trend.

Does Jindal Saw Ltd pay dividends?

Jindal Saw Ltd has a dividend yield of 0.83 % at the current price of ₹240.00. The company pays dividends, though the yield is modest.

Last Updated: April 25, 2026, 10:54 pm
Author: Getaka|Social: XLinkedIn
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
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