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Last Updated on: 24 February, 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, Nandgaon Road, 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 JatiaNon Executive Director
Ms. Tripti Puneet AryaNon Executive Director
Mr. Sanjeev ShankarIndependent Director
Dr. Vinita JhaIndependent Director
Dr. Raj Kamal AgarwalIndependent Director
Mr. Ravinder Nath LeekhaIndependent Director
Mr. Ajit Kumar HazarikaIndependent Director
Mr. Girish SharmaIndependent Director
Mr. Abhiram TayalIndependent Director

Jindal Saw Ltd. Share Price Update

Share PriceValue
Today₹533.95
Previous Day₹539.65

Basic Stock Data of Jindal Saw Ltd

Market Cap 16,053 Cr.
Current Price 502
High / Low550/135
Stock P/E11.4
Book Value 282
Dividend Yield0.60 %
ROCE11.0 %
ROE6.09 %
Face Value 2.00

Data Source: screener.in

Jindal Saw Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales2,3742,8653,7842,8852,9733,4713,9703,4784,0445,1585,1884,4105,466
Expenses2,0982,5563,3092,4662,5953,2663,5693,2403,7124,6634,5883,8024,662
Operating Profit276308475419378205401238331495600608804
OPM %12%11%13%15%13%6%10%7%8%10%12%14%15%
Other Income7247474132384232-244793823
Interest121125111121112108119160148169161160189
Depreciation113113125112120122118110117118126133143
Profit before tax11411628722617912205164252392353495
Tax %30%24%35%36%40%94%40%2,275%67%43%25%31%28%
Net Profit80881871461081122-1621143294243356
EPS in Rs2.452.065.764.763.750.403.970.151.866.7111.068.2311.75

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:10%
5 Years:16%
3 Years:15%
TTM:24%
Compounded Profit Growth
10 Years:12%
5 Years:91%
3 Years:-3%
TTM:404%
Stock Price CAGR
10 Years:27%
5 Years:45%
3 Years:93%
1 Year:249%
Return on Equity
10 Years:3%
5 Years:6%
3 Years:5%
Last Year:6%

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)
HSBC Small Cap Fund - Regular Plan16793480.6474.38
HSBC Value Fund13245300.6358.66
HSBC Infrastructure Fund2660000.6511.78
Nippon India Nifty Smallcap 250 Index Fund695740.433.08
Motilal Oswal Nifty Smallcap 250 Index Fund436800.431.93
SBI Nifty Smallcap 250 Index Fund320570.431.42
Motilal Oswal Nifty 500 Index Fund47680.040.21
Edelweiss Nifty Smallcap 250 Index Fund14750.430.07
Groww Nifty Total Market Index Fund2620.040.01
Motilal Oswal Nifty 500 ETF2090.040.01

Jindal Saw Ltd ROCE Trend

Jindal Saw Ltd EPS Trend

Jindal Saw Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)19.9112.9610.0217.3526.59
Diluted EPS (Rs.)19.9112.9610.0217.3526.59
Cash EPS (Rs.)28.5826.5524.6027.6136.28
Book Value[Excl.RevalReserv]/Share (Rs.)227.62214.20204.51196.68184.52
Book Value[Incl.RevalReserv]/Share (Rs.)227.62214.20204.51196.68184.52
Revenue From Operations / Share (Rs.)558.79415.89333.49363.62378.94
PBDIT / Share (Rs.)57.6648.6245.3850.6750.70
PBIT / Share (Rs.)42.9433.8331.0337.4838.31
PBT / Share (Rs.)22.2219.4415.6114.5930.89
Net Profit / Share (Rs.)13.8611.7610.2514.4323.88
NP After MI And SOA / Share (Rs.)19.7811.769.9717.3526.59
PBDIT Margin (%)10.3111.6813.6013.9313.37
PBIT Margin (%)7.688.139.3010.3010.10
PBT Margin (%)3.974.674.684.018.15
Net Profit Margin (%)2.482.823.073.966.30
NP After MI And SOA Margin (%)3.532.822.984.777.01
Return on Networth / Equity (%)7.985.104.568.2013.53
Return on Capital Employeed (%)13.4411.1310.0412.4413.06
Return On Assets (%)3.462.231.963.585.60
Long Term Debt / Equity (X)0.210.240.320.340.41
Total Debt / Equity (X)0.590.780.620.720.84
Asset Turnover Ratio (%)0.920.710.580.710.73
Current Ratio (X)1.111.031.060.991.11
Quick Ratio (X)0.590.490.590.530.55
Inventory Turnover Ratio (X)2.752.282.012.122.27
Dividend Payout Ratio (NP) (%)10.0416.9119.9413.895.44
Dividend Payout Ratio (CP) (%)5.757.498.177.893.71
Earning Retention Ratio (%)89.9683.0980.0686.1194.56
Cash Earning Retention Ratio (%)94.2592.5191.8392.1196.29
Interest Coverage Ratio (X)2.893.382.942.612.64
Interest Coverage Ratio (Post Tax) (X)1.731.821.671.921.65
Enterprise Value (Cr.)8481.507479.105589.175558.467470.75
EV / Net Operating Revenue (X)0.470.560.520.470.61
EV / EBITDA (X)4.604.813.853.434.61
MarketCap / Net Operating Revenue (X)0.260.210.220.120.22
Retention Ratios (%)89.9583.0880.0586.1094.55
Price / BV (X)0.580.390.330.210.44
Price / Net Operating Revenue (X)0.260.210.220.120.22
EarningsYield0.130.130.130.370.30

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 of Jindal Saw Ltd Stock

Fair Value: ₹196.96

The stock is overvalued by 60.77% compared to the current price ₹502

*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 is trading at a high valuation with an average P/B ratio of 36.72 and average Dividend Yield of 9.10%.
  2. The stock has a low average ROCE of 7.42%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 128.08, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 189.67, which may not be favorable.
  5. The company has higher borrowings (5,901.54) compared to reserves (5,838.62), which may suggest financial risk.

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