Jindal Saw financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹4,472cr+5.6% on Q2 FY26
Net profit
₹35.3cr−74.5% on Q2 FY26
EBITDA margin
5.8%−4.8 pts on Q2 FY26
EPS
₹0.74−68.9% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue4,4724,234+5.6%
EBITDA261451−42.1%
EBITDA margin5.8%10.7%−4.8 pts
Profit before tax17.8173−89.7%
Net profit35.3139−74.5%
EPS₹0.74₹2.38−68.9%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹4,472 crNet profit₹35.3 crNet margin0.8%

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.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
15,195————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
41241965774582.5
−317−292−457−726−644
4,6914,6914,8595,7614,922
19,157————
18,50117,89520,82920,95817,868
—−14.1%−0.6%+17.3%—
1,7512,2153,4293,3211,665
9.5%12.4%16.5%15.9%9.3%
1,0971,5842,8272,7531,195
4979251,4581,593443
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%—
—1,7712,3352,5931,617
—−1,076−1,031−863−323
6956951,3041,7301,295
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

JINDALSAW₹237.60

Jindal Saw Ltd.

· Capital Goods & Defence
₹ CrorePeersWELCORPRATNAMANIMAHSEAMLESJWLKIRLOSENGHEGGRAPHITEGALLANTTMcap ₹15,195 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
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 Investments82.5744.8657.2419.0411.6
+ Minority Interest-644.5-726.2-456.9-291.5-316.7
+ Total Debt4,921.95,761.24,859.24,690.74,690.7
Enterprise Value————19,157.0
Revenue17,867.820,957.720,828.917,895.218,501.0
Growth %, YoY—+17.3-0.6-14.1—
EBITDA1,665.33,321.03,429.32,214.71,751.2
Margin %9.3215.8516.4612.389.47
EBIT1,194.52,753.02,827.21,584.31,096.9
Net Income443.21,592.91,458.0925.3497.4
Margin %2.487.607.005.172.69
EPS, Adj (current shares)9.8926.4527.1815.228.58
Growth %, YoY—+167.4+2.8-44.0—
Cash from Operations1,617.42,592.92,335.21,771.4—
Capital Expenditures-322.5-863.0-1,031.3-1,076.0—
Free Cash Flow1,294.91,729.91,303.8695.4695.4
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Jindal Saw financials and key ratios

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 Q2 FY27 results
filed 16 October 2026
Share price used
₹237.60 · previous close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Jindal Saw at a glance · consolidated

Market cap
₹15,195 Crat ₹237.60 · previous close
PE ratio (last 4 quarters)
27.715.6 on FY26 profit
Price to book (PB)
1.20book value ₹197.21 a share
ROE (FY26)
8.1%−8.1 pts vs FY25ROCE 10.8%
Debt to equity
0.34net debt ₹3,684 Cr
Promoter holding
63.24%unchanged vs 30 Jun 202630 September 2026
Dividend yield
0.84%₹2 a share in 12 months
Net worth
₹12,612 Cr+4.4% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹695 Cr−46.7% vs FY25

Questions

What is the Jindal Saw PE ratio today?

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.

What is the Jindal Saw PB ratio (price to book value)?

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.

What is the Jindal Saw net worth?

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.

What is the Jindal Saw market cap?

Jindal Saw's market capitalisation was ₹15,195 crore at the previous close: 63.95 crore shares at ₹237.60 each.

What is the Jindal Saw EPS?

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.

What is the Jindal Saw dividend in 2026 and its record date?

In 2026, Jindal Saw has declared one dividend: ₹2 with record date 22 May 2026.

Is Jindal Saw debt free?

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.

What is the Jindal Saw debt to equity ratio?

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.

What is the Jindal Saw dividend yield?

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.

What is the Jindal Saw ROE and ROCE?

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%.

What is the Jindal Saw shareholding pattern?

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%.

What are the Jindal Saw latest quarterly results?

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.

What is the Jindal Saw book value per share?

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.

What is the Jindal Saw promoter holding?

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.

What is the Jindal Saw free cash flow?

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.

What is the Jindal Saw revenue and profit in FY26?

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%.

When are the Jindal Saw next results?

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.

Jindal Saw vs Welspun Corp: how do they compare?

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%).

How does Jindal Saw compare with its peers?

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).

Where do these Jindal Saw figures come from?

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.