Jindal Drilling & Industries Ltd

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

Jindal Drilling & Industries Ltd

₹ 743 1.27%
22 Nov - close price
jindal.com BSE: 511034 NSE: JINDRILL
About

Jindal Drilling & Industries, part of the Dharam Pal Jindal Group, is a leading Indian company in offshore drilling and allied services, including directional drilling and mud logging. [1]

Key Points

Service Offerings
Offshore Drilling: It is a mechanical process where a borehole is drilled on the seabed to extract crude oil and natural oil beneath the seabed.
Directional / Horizontal Drilling It is a technique of drilling a wellbore at multiple angles, it has become more accurate, precise, and efficient.
Measurement While Drilling Services: To get the real-time measurement of trajectory information such as direction, tool face, inclination, and temperature, an MWD system is installed in the drill string. It consists of three sections: Power supply, Sensor section, and Transmitter.
Mud Logging Services: To detect the presence of oil and gas, drilling engineers study the sample of ground or rock pieces taken from the borehole by drilling. The process is known as Mud Logging services. [1]

Website BSE NSE
  • Market Cap ₹ 2,153 Cr.
  • Current Price ₹ 743
  • High / Low ₹ 915 / 497
  • Stock P/E 21.2
  • Book Value ₹ 418
  • Dividend Yield 0.07 %
  • ROCE 12.1 %
  • ROE 10.1 %
  • Face Value ₹ 5.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 28.9% CAGR over last 5 years

Cons

  • Company has a low return on equity of 9.45% over last 3 years.
  • Promoter holding has decreased over last 3 years: -3.17%
  • Working capital days have increased from 104 days to 160 days

* 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: Oil Drill/Allied Industry: Oil Drilling / Allied Services

Part of BSE Energy BSE Allcap BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
100 116 105 133 138 138 103 94 142 183 198 171 172
83 87 63 89 90 93 65 52 89 128 149 132 141
Operating Profit 17 29 41 44 48 45 38 42 53 55 49 39 31
OPM % 17% 25% 40% 33% 34% 32% 37% 44% 37% 30% 25% 23% 18%
8 11 8 17 18 7 5 5 8 6 11 13 10
Interest 2 2 2 1 1 2 3 3 4 4 2 5 4
Depreciation 8 12 16 16 16 16 16 16 16 16 16 16 16
Profit before tax 16 27 31 44 48 35 24 27 41 41 42 31 21
Tax % 51% 10% 26% 26% 26% 26% 26% 25% 25% 25% 24% 25% 25%
8 24 23 33 36 26 18 20 31 31 32 23 16
EPS in Rs 2.60 8.22 8.06 11.26 12.34 8.81 6.18 7.01 10.64 10.74 10.97 7.92 5.47
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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 TTM
813 749 445 320 372 149 207 216 398 420 512 617 724
725 693 401 284 355 209 198 176 341 310 334 415 550
Operating Profit 88 57 44 36 17 -60 10 40 57 110 178 202 174
OPM % 11% 8% 10% 11% 5% -40% 5% 18% 14% 26% 35% 33% 24%
16 23 30 30 26 45 53 34 8 32 47 29 40
Interest 1 1 1 2 10 4 14 14 16 12 11 15 15
Depreciation 11 11 14 15 9 9 9 26 32 43 63 64 64
Profit before tax 93 67 59 49 24 -28 40 33 17 87 151 152 135
Tax % 29% 27% 31% 35% 28% -44% 15% 22% 46% 25% 26% 25%
66 49 41 32 17 -15 34 26 9 65 112 114 102
EPS in Rs 25.63 16.98 14.05 10.98 5.86 -5.34 11.77 9.04 3.17 22.32 38.58 39.37 35.10
Dividend Payout % 2% 3% 4% 5% 9% -9% 4% 6% 16% 2% 1% 1%
Compounded Sales Growth
10 Years: -2%
5 Years: 24%
3 Years: 16%
TTM: 52%
Compounded Profit Growth
10 Years: 12%
5 Years: 29%
3 Years: 132%
TTM: 8%
Stock Price CAGR
10 Years: 14%
5 Years: 58%
3 Years: 77%
1 Year: -2%
Return on Equity
10 Years: 4%
5 Years: 7%
3 Years: 9%
Last Year: 10%

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 Sep 2024
Equity Capital 13 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 623 740 795 827 841 824 853 874 883 945 1,050 1,163 1,196
14 13 0 87 77 63 163 399 330 220 207 294 202
141 111 168 169 74 61 569 69 269 270 323 368 373
Total Liabilities 791 879 978 1,098 1,007 963 1,599 1,356 1,496 1,450 1,594 1,840 1,786
55 58 67 55 68 64 53 531 502 651 602 551 520
CWIP 6 6 0 1 0 0 519 0 0 0 0 0 0
Investments 277 433 457 293 248 190 188 187 187 206 235 243 214
453 381 454 749 691 709 839 639 807 593 757 1,045 1,052
Total Assets 791 879 978 1,098 1,007 963 1,599 1,356 1,496 1,450 1,594 1,840 1,786

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
68 26 142 -46 -61 -67 8 52 106 196 64 -44
-169 -86 -125 -40 84 86 -92 -272 60 -66 -38 -20
89 59 -15 84 -21 -19 86 222 -85 -119 -23 73
Net Cash Flow -12 0 2 -2 2 0 2 2 80 11 3 8

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 87 104 134 85 250 176 214 152 134 110 112
Inventory Days
Days Payable
Cash Conversion Cycle 80 87 104 134 85 250 176 214 152 134 110 112
Working Capital Days 51 65 28 158 193 532 440 429 111 46 107 160
ROCE % 14% 7% 4% 5% 3% -4% 5% 4% 3% 8% 13% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
67.42% 67.42% 67.42% 67.42% 67.42% 66.88% 63.40% 63.40% 63.40% 64.26% 64.26% 64.26%
0.30% 1.04% 0.70% 0.52% 0.76% 0.81% 0.33% 0.29% 0.27% 0.42% 0.29% 0.45%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.84% 0.84% 1.05% 1.05%
32.28% 31.54% 31.88% 32.06% 31.82% 32.31% 36.28% 36.30% 35.49% 34.48% 34.40% 34.23%
No. of Shareholders 17,10620,73520,06918,33918,57118,68618,18617,15718,38018,44920,78421,682

* 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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