Jindal Saw Ltd

Jindal Saw Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Jindal Saw Ltd

₹ 558 2.60%
03 Jul 3:50 p.m.
jindalsaw.com BSE: 500378 NSE: JINDALSAW
About

Jindal Saw Ltd manufactures LSAW pipes, HSAW pipes, DI pipes, seamless pipes and pellets.[1]

Key Points

Product Portfolio
Jindal SAW Ltd. is the market leader capacity wise in manufacturing of large diameter Submerged Arc Welded (SAW) Pipes using U-O-E, J-C-O and Helical processes with 2.13 Million MTPA. The SAW Pipes are mainly used in transportation of Oil, Gas, Slurry and Water.[1]
DI PIPES & FITTINGS Total Manufacturing Capacity: More than 1 Million MT.
India - 600,000 MT. UAE - 350,000 MT. Italy - 80,000 MT. The company has two blast furnaces to ensure uninterrupted supply of hot metal to service the fast growing water and waste-water transportation segment.[2]
Company also manufactures and markets of Carbon, Alloy, Stainless Steel Seamless and Welded Pipes & Tubes with total Capacity of more than 4,25,000 MTPA. These Pipes and Tubes are mainly used in Petroleum, Exploration, Sugar, Steel, Bearing, Automotive General Engineering, Power and Process Industries.
Pellets: Company has a 1.2 MTPA pellet plant integrated with beneficiation plant situated at mine pit head near village-Pur, District-Bhilwara in the State of Rajasthan.[3]

Website BSE NSE
  • Market Cap ₹ 17,828 Cr.
  • Current Price ₹ 558
  • High / Low ₹ 598 / 263
  • Stock P/E 10.9
  • Book Value ₹ 319
  • Dividend Yield 0.73 %
  • ROCE 21.8 %
  • ROE 17.7 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 26.3% CAGR over last 5 years

Cons

  • Company has a low return on equity of 11.3% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Large

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,176 2,417 2,519 2,795 3,291 2,968 3,316 4,479 4,520 3,763 4,561 4,719 4,919
2,784 2,066 2,190 2,649 2,953 2,764 3,066 4,042 4,003 3,216 3,860 3,896 4,034
Operating Profit 392 351 329 146 338 204 250 436 516 547 701 823 885
OPM % 12% 15% 13% 5% 10% 7% 8% 10% 11% 15% 15% 17% 18%
67 60 52 56 46 51 51 162 157 68 50 67 87
Interest 90 97 89 86 97 131 126 138 135 132 160 150 143
Depreciation 95 88 95 95 93 88 93 94 94 108 117 117 120
Profit before tax 274 227 196 21 194 37 81 367 444 374 474 623 710
Tax % 36% 35% 35% 28% 41% 23% 24% 28% 20% 26% 27% 27% 26%
176 148 127 15 115 28 61 266 357 277 348 455 529
EPS in Rs 5.52 4.64 3.99 0.46 3.59 0.88 1.91 8.30 11.17 8.66 10.89 14.23 16.54
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5,617 5,510 6,604 6,120 5,678 7,310 9,829 10,129 8,632 11,022 15,283 17,962
5,013 4,889 5,655 5,239 4,789 6,239 8,528 8,773 7,653 9,857 13,872 15,001
Operating Profit 603 620 949 880 889 1,071 1,302 1,356 979 1,166 1,410 2,961
OPM % 11% 11% 14% 14% 16% 15% 13% 13% 11% 11% 9% 16%
-32 10 47 99 232 180 217 62 278 212 417 265
Interest 150 226 326 494 380 415 496 516 404 369 534 586
Depreciation 155 213 205 227 229 256 281 310 346 372 355 452
Profit before tax 266 191 464 258 512 580 741 592 507 637 938 2,188
Tax % 27% 24% 39% 14% 40% 33% 33% -0% 35% 36% 24% 26%
193 144 285 221 308 386 500 594 329 406 715 1,614
EPS in Rs 7.00 5.22 9.84 7.27 9.62 12.06 15.64 18.59 10.29 12.68 22.35 50.47
Dividend Payout % 14% 19% 10% 14% 10% 10% 13% 11% 19% 16% 13% 8%
Compounded Sales Growth
10 Years: 13%
5 Years: 13%
3 Years: 28%
TTM: 18%
Compounded Profit Growth
10 Years: 24%
5 Years: 26%
3 Years: 70%
TTM: 125%
Stock Price CAGR
10 Years: 21%
5 Years: 46%
3 Years: 64%
1 Year: 99%
Return on Equity
10 Years: 8%
5 Years: 10%
3 Years: 11%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 55 55 58 61 64 64 64 64 64 64 64 64
Reserves 3,673 3,827 5,578 5,241 5,500 5,849 6,302 6,799 7,074 7,425 8,036 10,127
Preference Capital 0 0 0 0 0 0 0 0 0 0 34 34
3,266 3,457 4,553 4,981 4,151 4,445 4,175 4,042 3,727 4,343 3,297 3,893
1,175 1,159 1,782 1,249 1,221 1,425 2,766 2,248 3,070 2,728 4,752 4,664
Total Liabilities 8,170 8,497 11,970 11,532 10,937 11,783 13,307 13,152 13,935 14,561 16,149 18,749
2,556 3,541 5,307 5,757 5,773 5,638 5,697 5,973 5,913 5,854 5,958 7,338
CWIP 1,011 204 422 204 66 108 231 205 157 166 206 541
Investments 827 788 959 675 591 649 665 638 716 1,025 1,122 1,182
3,776 3,964 5,283 4,895 4,507 5,389 6,714 6,336 7,149 7,516 8,862 9,688
Total Assets 8,170 8,497 11,970 11,532 10,937 11,783 13,307 13,152 13,935 14,561 16,149 18,749

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
313 392 -199 544 1,317 573 1,270 1,465 1,344 191 1,338 2,137
-967 -323 -763 -440 -111 -454 -487 -393 -355 -288 -45 -1,657
545 -92 1,103 -168 -1,278 -137 -731 -1,001 -748 161 -1,691 -40
Net Cash Flow -109 -22 141 -64 -72 -17 52 72 241 65 -398 440

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 80 89 83 95 78 82 69 55 73 48 75 59
Inventory Days 140 150 214 188 218 166 160 128 175 170 125 135
Days Payable 45 43 57 31 35 32 92 72 121 74 105 96
Cash Conversion Cycle 176 196 240 251 261 216 137 110 128 144 94 99
Working Capital Days 162 181 182 205 207 205 145 134 159 150 114 106
ROCE % 8% 7% 10% 8% 9% 10% 12% 12% 8% 9% 13% 22%

Shareholding Pattern

Numbers in percentages

13 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.02% 63.02% 63.02% 63.02% 63.02% 63.03% 63.03% 63.25% 63.26% 63.26% 63.26% 63.27%
10.13% 12.41% 12.38% 11.61% 11.85% 11.69% 11.03% 14.94% 15.92% 17.71% 15.22% 14.66%
1.08% 0.87% 0.88% 0.84% 0.86% 0.85% 0.91% 1.20% 1.18% 1.67% 2.27% 2.99%
25.21% 23.04% 23.06% 23.87% 23.61% 23.79% 24.38% 19.98% 19.05% 16.79% 18.66% 18.60%
0.56% 0.66% 0.66% 0.66% 0.65% 0.65% 0.65% 0.64% 0.59% 0.58% 0.58% 0.49%
No. of Shareholders 85,62691,03699,0611,13,1141,12,1351,10,3571,05,75685,83983,04892,0001,16,1811,19,422

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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