| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 4,472 | 4,234 | +5.6% |
| EBITDA | 261 | 451 | −42.1% |
| EBITDA margin | 5.8% | 10.7% | −4.8 pts |
| Profit before tax | 17.8 | 173 | −89.7% |
| Net profit | 35.3 | 139 | −74.5% |
| EPS | ₹0.74 | ₹2.38 | −68.9% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 15,195 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 412 | 419 | 657 | 745 | 82.5 | ||
| −317 | −292 | −457 | −726 | −644 | ||
| 4,691 | 4,691 | 4,859 | 5,761 | 4,922 | ||
| 19,157 | — | — | — | — | ||
| 18,501 | 17,895 | 20,829 | 20,958 | 17,868 | ||
| — | −14.1% | −0.6% | +17.3% | — | ||
| 1,751 | 2,215 | 3,429 | 3,321 | 1,665 | ||
| 9.5% | 12.4% | 16.5% | 15.9% | 9.3% | ||
| 1,097 | 1,584 | 2,827 | 2,753 | 1,195 | ||
| 497 | 925 | 1,458 | 1,593 | 443 | ||
| 2.7% | 5.2% | 7.0% | 7.6% | 2.5% | ||
| ₹8.58 | ₹15.22 | ₹27.18 | ₹26.45 | ₹9.89 | ||
| — | −44.0% | +2.8% | +167.4% | — | ||
| — | 1,771 | 2,335 | 2,593 | 1,617 | ||
| — | −1,076 | −1,031 | −863 | −323 | ||
| 695 | 695 | 1,304 | 1,730 | 1,295 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 15,194.5 | |
| - Cash, Equiv & ST Investments | 82.5 | 744.8 | 657.2 | 419.0 | 411.6 | |
| + Minority Interest | -644.5 | -726.2 | -456.9 | -291.5 | -316.7 | |
| + Total Debt | 4,921.9 | 5,761.2 | 4,859.2 | 4,690.7 | 4,690.7 | |
| Enterprise Value | — | — | — | — | 19,157.0 | |
| Revenue | 17,867.8 | 20,957.7 | 20,828.9 | 17,895.2 | 18,501.0 | |
| Growth %, YoY | — | +17.3 | -0.6 | -14.1 | — | |
| EBITDA | 1,665.3 | 3,321.0 | 3,429.3 | 2,214.7 | 1,751.2 | |
| Margin % | 9.32 | 15.85 | 16.46 | 12.38 | 9.47 | |
| EBIT | 1,194.5 | 2,753.0 | 2,827.2 | 1,584.3 | 1,096.9 | |
| Net Income | 443.2 | 1,592.9 | 1,458.0 | 925.3 | 497.4 | |
| Margin % | 2.48 | 7.60 | 7.00 | 5.17 | 2.69 | |
| EPS, Adj (current shares) | 9.89 | 26.45 | 27.18 | 15.22 | 8.58 | |
| Growth %, YoY | — | +167.4 | +2.8 | -44.0 | — | |
| Cash from Operations | 1,617.4 | 2,592.9 | 2,335.2 | 1,771.4 | — | |
| Capital Expenditures | -322.5 | -863.0 | -1,031.3 | -1,076.0 | — | |
| Free Cash Flow | 1,294.9 | 1,729.9 | 1,303.8 | 695.4 | 695.4 | |
Prices at the previous close · figures from the company's filings with NSE
Jindal Saw (NSE: JINDALSAW) had a market capitalisation of ₹15,195 crore at the previous close (₹237.60 a share), a PE ratio of 27.7 on the last four quarters' profit and a price-to-book ratio of 1.20. In FY26 its consolidated net profit attributable to shareholders was ₹973 crore on revenue of ₹17,895 crore; in Q2 FY27 (July–September 2026) it was ₹47 crore, down 69.0% year on year. Its debt-to-equity ratio was 0.34 on 30 September 2026. Promoters held 63.24% of the shares on 30 September 2026.
Jindal Saw's PE ratio is 27.7 at the previous close (₹237.60 a share): a market capitalisation of ₹15,195 crore divided by consolidated net profit attributable to shareholders of ₹549 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹973 crore) it is 15.6.
Jindal Saw's price-to-book (PB) ratio is 1.20 at the previous close: a market capitalisation of ₹15,195 crore divided by shareholders' equity (book value) of ₹12,612 crore on 30 September 2026. That is a book value of ₹197.21 per share against a share price of ₹237.60.
Jindal Saw's net worth — shareholders' equity in its consolidated balance sheet — was ₹12,612 crore on 30 September 2026, up 4.4% from ₹12,083 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹15,195 crore at the previous close.
Jindal Saw's market capitalisation was ₹15,195 crore at the previous close: 63.95 crore shares at ₹237.60 each.
Jindal Saw's basic earnings per share (EPS) were ₹15.27 in FY26, against ₹27.31 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹8.61.
In 2026, Jindal Saw has declared one dividend: ₹2 with record date 22 May 2026.
No. Jindal Saw had borrowings of ₹4,174 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.34. Its cash and current investments were ₹489 crore, so its net debt was ₹3,684 crore.
Jindal Saw's debt-to-equity ratio was 0.34 on 30 September 2026: borrowings of ₹4,174 crore against total equity of ₹12,295 crore. A year earlier, on 30 September 2025, it was 0.44.
Jindal Saw's dividend yield is 0.84% at the previous close: dividends of ₹2 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹237.60. They were ₹2 on 22 May 2026.
In FY26, Jindal Saw's return on equity (ROE) was 8.1% and its return on capital employed (ROCE) was 10.8%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 16.2% and ROCE 21.3%.
On 30 September 2026, Jindal Saw's shares were held by promoters 63.24%, foreign portfolio investors (FII/FPI) 11.32%, domestic institutions (DII) 10.89% (including mutual funds at 8.32%) and retail and other non-institutional investors 14.29%. Over the year, FII holding was down 4.03 percentage points from 15.35% and DII holding was up 6.53 percentage points from 4.36%.
Jindal Saw's latest results are for Q2 FY27 (July–September 2026), filed on 16 October 2026: consolidated net profit attributable to shareholders ₹47 crore, down 69.0% from ₹152 crore in Q2 FY26; revenue from operations ₹4,472 crore, up 5.6% year on year.
Jindal Saw's book value per share was ₹197.21 on 30 September 2026: shareholders' equity of ₹12,612 crore divided by the 63.95 crore shares in issue, up 4.4% from ₹188.94 a year earlier. The share price at the previous close was ₹237.60.
Promoters held 63.24% of Jindal Saw on 30 September 2026, down 0.01 percentage points from 63.25% the previous quarter and down 0.01 percentage points from 63.25% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Jindal Saw generated ₹1,771 crore of cash from operations and spent ₹1,076 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹695 crore. In FY25 it was ₹1,304 crore.
In FY26 (April 2025–March 2026), Jindal Saw's consolidated net profit attributable to shareholders was ₹973 crore, down 44.0% from ₹1,738 crore in FY25, on revenue from operations of ₹17,895 crore (down 14.1%). Over three years, from FY23, net profit was up 53.9%.
Jindal Saw has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26, Jindal Saw earned net profit attributable to shareholders of ₹973 crore on revenue of ₹17,895 crore, against ₹1,613 crore on ₹16,770 crore for Welspun Corp. Jindal Saw's operating margin was 8.9% (Welspun Corp 11.2%) and its return on equity 8.1% (Welspun Corp 19.4%).
On FY26 consolidated figures, against Welspun Corp, Ratnamani Metals & Tubes and Maharashtra Seamless: Jindal Saw's operating margin of 8.9% is the lowest of the four (Welspun Corp 11.2%, Ratnamani Metals & Tubes 13.9%, Maharashtra Seamless 12.2%; peer average 12.5%); its return on equity of 8.1% is the lowest of the four (Welspun Corp 19.4%, Ratnamani Metals & Tubes 12.5%, Maharashtra Seamless 10.6%; peer average 14.2%); its revenue growth over three years of 0.1% a year is the third highest of the four (Welspun Corp 19.8% a year, Ratnamani Metals & Tubes 0.2% a year, Maharashtra Seamless −6.5% a year; peer average 4.5% a year).
From Jindal Saw's own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.