Jindal SAW

Quick check

The five things to look at first. Open one for more.

• DebtHigh safetyRated AA by 2 agencies.
• ResultsProfit fallingIn the Sep 2026 quarter, sales rose 5.6% and profit fell 75% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 63% of the company, about the same as in Jun 2025.
• ValuationExpensive vs its pastThe share trades at 27.1 times its yearly earnings (P/E), pricier than 97% of the time in the last 5 years. Its usual P/E is about 10.

Jindal SAW against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)27.1 against a typical 18.6: pricier than most peers (1st = cheapest).91st of 146
• Sales growth+5.6% against a typical +13.1% from a year earlier.72nd of 117
• Profit growth−74.8% against a typical +26.2% from a year earlier.99th of 105
• Share price, 3 months−4.5% against a typical −3.1%.71st of 135
• Size₹ 14,863.9 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).3rd of 135

Exchange filings and their impact on the company.

• 22 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactPositivePrice −7% on 23 Oct
  Weak Q2 on MENA delays and costs, but ~Rs 17,000 cr order visibility supports H2 recovery.

  Jindal Saw's Q2 FY27 call reported weak profitability with consolidated revenue of Rs 4,523 crores but EBITDA down to Rs 312 crores and PAT to Rs 35 crores due to Middle East shipping delays, higher logistics and coking coal costs, and low utilization. Management disclosed a confirmed order book of USD 1.135 billion (~Rs 10,700 crores) plus LOIs of ~USD 625 million from CIS and South-East Asia oil and gas, taking total visibility to ~Rs 17,000 crores with execution from February-March. It expects H2 to be better than H1 on improved mix and working capital release, while progressing its Abu Dhabi seamless and Saudi SAW pipe projects for FY28-29.

  Full analysisFiling
• 16 Oct 2026Outcome of Board MeetingMedium impactNeutralPrice −2% on 19 Oct
  Jindal Saw reported Q2 FY27 results, but figures were not available in the filing text.

  Jindal Saw's board on October 16, 2026 approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The results were reviewed by Price Waterhouse Chartered Accountants LLP and the board meeting ran from 2:30 pm to 3:50 pm. The detailed profit and loss figures were not available in the extracted filing text, so no sales or profit surprise can be assessed from this announcement.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Narendra Mantri

Chief Operating and Financial Officer

V. Rajasekaran ..

President - Operations

Veeranan Chandrasekaran

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Vijesh Chawla

President - Marketing

Sanjiv Dheer

President & Head - Global Marketing

Dharmendra Gupta

President & Unit Head, Bhilwara

Jai Prakash Gupta

President & Head - NRM Procurement

Vinay Kumar Gupta

President & Head - Treasury