Jindal Drilling & Industries Ltd

Jindal Drilling & Industries Ltd

₹ 743 1.27%
22 Nov - close price
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]

  • Market Cap 2,153 Cr.
  • Current Price 743
  • High / Low 915 / 497
  • Stock P/E 22.6
  • Book Value 418
  • Dividend Yield 0.07 %
  • ROCE 6.52 %
  • ROE 3.80 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 5.64% over last 3 years.
  • Earnings include an other income of Rs.80.1 Cr.
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
87 87 67 91 94 94 73 61 98 128 195 132 141
Operating Profit 13 29 37 42 44 44 31 33 44 55 3 39 31
OPM % 13% 25% 36% 31% 32% 32% 30% 35% 31% 30% 1% 23% 18%
8 22 8 17 18 7 5 5 8 7 11 34 29
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 12 37 27 42 44 34 17 19 32 42 -5 51 40
Tax % 69% 7% 30% 28% 28% 27% 38% 36% 32% 24% 215% 15% 13%
4 34 19 30 32 25 10 12 22 32 -15 44 34
EPS in Rs 1.24 11.88 6.61 10.39 10.95 8.58 3.51 4.16 7.63 11.02 -5.18 15.13 11.89
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
540 320 372 149 207 216 398 420 512 617 724
335 284 355 209 198 793 356 310 349 478 597
Operating Profit 205 36 17 -60 10 -577 42 110 163 139 127
OPM % 38% 11% 5% -40% 5% -267% 11% 26% 32% 23% 18%
42 127 89 56 81 34 8 32 47 29 80
Interest 12 2 10 4 14 14 16 12 11 15 15
Depreciation 84 15 9 9 9 26 32 43 63 64 64
Profit before tax 152 146 86 -17 69 -583 2 87 136 89 129
Tax % 17% 12% 8% -51% 0% 1% 416% 26% 29% 42%
125 129 80 -8 68 -591 -6 64 97 51 95
EPS in Rs 43.19 44.52 27.52 -2.87 23.54 -203.82 -2.03 22.25 33.43 17.65 32.86
Dividend Payout % 1% 1% 2% -17% 2% -0% -25% 2% 2% 3%
Compounded Sales Growth
10 Years: %
5 Years: 24%
3 Years: 16%
TTM: 52%
Compounded Profit Growth
10 Years: %
5 Years: -5%
3 Years: 124%
TTM: 38%
Stock Price CAGR
10 Years: 14%
5 Years: 58%
3 Years: 77%
1 Year: -2%
Return on Equity
10 Years: %
5 Years: -6%
3 Years: 6%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 14 14 14 14 14 14 14 14 14 14 14
Reserves 1,447 1,614 1,675 1,669 1,805 1,262 1,107 1,180 1,295 1,348 1,196
356 87 77 63 163 399 330 220 207 294 202
165 189 86 78 610 121 272 276 338 384 373
Total Liabilities 1,982 1,905 1,853 1,824 2,592 1,796 1,723 1,691 1,854 2,041 1,786
745 55 68 64 53 531 502 651 602 551 520
CWIP 0 1 0 0 519 0 0 0 0 0 0
Investments 767 1,100 1,094 1,052 1,181 627 414 447 495 444 214
470 749 691 709 839 639 807 593 757 1,045 1,052
Total Assets 1,982 1,905 1,853 1,824 2,592 1,796 1,723 1,691 1,854 2,041 1,786

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-46 -61 -67 8 52 106 196 64 -44
-40 84 86 -92 -272 60 -66 -38 -20
84 -21 -19 86 222 -85 -119 -23 73
Net Cash Flow -2 2 0 2 2 80 11 3 8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 92 134 85 250 176 214 152 134 110 112
Inventory Days
Days Payable
Cash Conversion Cycle 92 134 85 250 176 214 152 134 110 112
Working Capital Days 39 158 193 532 440 429 111 46 107 160
ROCE % 8% 5% -1% 4% -31% 1% 7% 10% 7%

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.

Click on the line-items to see the names of individual entities.

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