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Jindal Saw Ltd manufactures LSAW pipes, HSAW pipes, DI pipes, seamless pipes and pellets.[1]
Market LeadershipThe company is aglobal leader in the coated and bare pipe industry, with a strong track record of supplying a wide range of pipe products to major clients both in India and internationally.[1]It is theworld's third-largest producer of rust-free iron pipes.[2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | APL Apollo Tubes | 1772.90 | 46.97 | 49260.05 | 0.32 | 301.54 | 460.38 | 5206.30 | 9.06 | 22.36 | 21317.40 | 7.40 | 1048.79 | 301.54 | 10.69 | 10.02 | 0.16 |
| 2. | Shyam Metalics | 801.20 | 23.05 | 22365.44 | 0.56 | 260.45 | 21.47 | 4457.02 | 22.65 | 12.05 | 16767.73 | 12.46 | 970.37 | 261.76 | 2.03 | 5.92 | 0.10 |
| 3. | Welspun Corp | 827.55 | 12.30 | 21817.41 | 0.60 | 443.51 | 48.67 | 4373.61 | 32.46 | 21.24 | 15463.58 | 13.00 | 1773.93 | 439.68 | 2.66 | 8.93 | 0.19 |
| 4. | Ratnamani Metals | 2381.40 | 27.58 | 16726.96 | 0.59 | 156.04 | 35.69 | 1191.69 | 22.69 | 21.51 | 5374.76 | 16.84 | 606.49 | 136.22 | 4.31 | 12.11 | 0.06 |
| 5. | Godawari Power | 235.90 | 21.26 | 15805.79 | 0.42 | 161.65 | 1.78 | 1307.68 | 3.16 | 23.25 | 5396.61 | 20.82 | 743.44 | 161.44 | 3.02 | 13.86 | 0.04 |
| 6. | Gallantt Ispat L | 590.65 | 28.92 | 14246.44 | 0.21 | 88.93 | 81.90 | 1012.75 | 7.45 | 19.20 | 4331.00 | 17.56 | 492.70 | 88.93 | 4.59 | 11.96 | 0.21 |
| 7. | Usha Martin | 436.15 | 31.49 | 13286.62 | 0.69 | 109.80 | 16.20 | 907.56 | 1.84 | 18.75 | 3551.37 | 16.89 | 421.99 | 127.50 | 4.48 | 11.50 | 0.09 |
| 8. | Jindal Saw | 164.00 | 7.54 | 10516.62 | 1.22 | 79.29 | -83.37 | 3371.85 | -28.63 | 20.90 | 15546.94 | 15.91 | 1394.64 | 79.29 | 0.86 | 10.19 | 0.28 |
| – | Median: 83 Co. | 162.5 | 21.26 | 849.64 | 0.0 | 10.42 | 11.87 | 191.14 | 8.73 | 13.95 | 718.49 | 8.08 | 32.96 | 10.42 | 2.24 | 6.7 | 0.26 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 3,316 | 4,479 | 4,520 | 3,763 | 4,561 | 4,719 | 4,919 | 4,337 | 4,724 | 4,474 | 4,401 | 3,300 | 3,372 |
Expenses | 3,066 | 4,042 | 4,003 | 3,217 | 3,860 | 3,896 | 4,034 | 3,575 | 3,915 | 3,639 | 3,593 | 2,767 | 3,074 |
Operating Profit | 250 | 436 | 516 | 546 | 701 | 823 | 885 | 762 | 809 | 835 | 808 | 533 | 298 |
Other Income | 51 | 162 | 157 | 68 | 50 | 67 | 87 | 80 | 66 | 47 | 48 | 26 | 37 |
Profit before tax | 81 | 367 | 444 | 377 | 478 | 623 | 710 | 601 | 625 | 626 | 635 | 307 | 105 |
Tax % | 24% | 28% | 20% | 26% | 27% | 27% | 26% | 26% | 24% | 24% | 25% | -19% | 24% |
Net Profit | 61 | 266 | 357 | 279 | 351 | 455 | 529 | 446 | 477 | 477 | 474 | 364 | 79 |
EPS in Rs | 0.96 | 4.15 | 5.59 | 4.36 | 5.49 | 7.12 | 8.27 | 6.98 | 7.46 | 7.46 | 7.42 | 5.69 | 1.24 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 5,510 | 6,604 | 6,120 | 5,678 | 7,310 | 9,829 | 10,129 | 8,632 | 11,022 | 15,283 | 17,962 | 17,936 | 15,547 |
Expenses | 4,889 | 5,655 | 5,239 | 4,789 | 6,239 | 8,528 | 8,773 | 7,653 | 9,857 | 13,872 | 15,001 | 14,657 | 13,073 |
Operating Profit | 620 | 949 | 880 | 889 | 1,071 | 1,302 | 1,356 | 979 | 1,166 | 1,410 | 2,961 | 3,279 | 2,474 |
Other Income | 10 | 47 | 99 | 232 | 180 | 217 | 62 | 278 | 212 | 417 | 265 | 176 | 159 |
Interest | 226 | 326 | 494 | 380 | 415 | 496 | 516 | 404 | 369 | 534 | 586 | 488 | 475 |
Depreciation | 213 | 205 | 227 | 229 | 256 | 281 | 310 | 346 | 372 | 355 | 452 | 479 | 485 |
Profit before tax | 191 | 464 | 258 | 512 | 580 | 741 | 592 | 507 | 637 | 938 | 2,188 | 2,488 | 1,673 |
Net Profit | 144 | 285 | 221 | 308 | 386 | 500 | 594 | 329 | 406 | 715 | 1,614 | 1,874 | 1,395 |
EPS in Rs | 2.61 | 4.92 | 3.63 | 4.81 | 6.03 | 7.82 | 9.30 | 5.15 | 6.34 | 11.18 | 25.24 | 29.31 | 21.81 |
Dividend Payout % | 19% | 10% | 14% | 10% | 10% | 13% | 11% | 19% | 16% | 13% | 8% | 7% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 55 | 58 | 61 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 | 64 |
Reserves | 3,827 | 5,578 | 5,241 | 5,500 | 5,849 | 6,302 | 6,799 | 7,074 | 7,425 | 8,036 | 10,127 | 11,874 | 12,188 |
Borrowings | 3,457 | 4,553 | 4,981 | 4,151 | 4,445 | 4,175 | 4,042 | 3,727 | 4,343 | 3,331 | 3,928 | 3,046 | 3,445 |
Other Liabilities | 1,159 | 1,782 | 1,249 | 1,221 | 1,425 | 2,766 | 2,248 | 3,070 | 2,728 | 4,718 | 4,630 | 4,008 | 3,662 |
Total Liabilities | 8,497 | 11,970 | 11,532 | 10,937 | 11,783 | 13,307 | 13,152 | 13,935 | 14,561 | 16,149 | 18,749 | 18,992 | 19,359 |
Fixed Assets | 3,541 | 5,307 | 5,757 | 5,773 | 5,638 | 5,697 | 5,973 | 5,913 | 5,854 | 5,958 | 7,338 | 7,799 | 7,994 |
Gross Block | 4,704 | 5,512 | 6,187 | 6,435 | 6,501 | 6,805 | 7,383 | 7,631 | 7,905 | 8,210 | 9,980 | 10,807 | – |
Accumulated Depreciation | 1,162 | 205 | 430 | 662 | 863 | 1,108 | 1,410 | 1,717 | 2,051 | 2,252 | 2,643 | 3,008 | – |
CWIP | 204 | 422 | 204 | 66 | 108 | 231 | 205 | 157 | 166 | 206 | 541 | 543 | 552 |
Investments | 788 | 959 | 675 | 591 | 649 | 665 | 638 | 716 | 1,025 | 1,122 | 1,182 | 2,090 | 2,125 |
Other Assets | 3,964 | 5,283 | 4,895 | 4,507 | 5,389 | 6,714 | 6,336 | 7,149 | 7,516 | 8,862 | 9,688 | 8,559 | 8,688 |
Total Assets | 8,497 | 11,970 | 11,532 | 10,937 | 11,783 | 13,307 | 13,152 | 13,935 | 14,561 | 16,149 | 18,749 | 18,992 | 19,359 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 392 | -199 | 544 | 1,317 | 573 | 1,270 | 1,465 | 1,344 | 191 | 1,338 | 2,137 | 1,855 |
Cash from Investing Activity | -323 | -763 | -440 | -111 | -454 | -487 | -393 | -355 | -288 | -45 | -1,657 | -303 |
Cash from Financing Activity | -92 | 1,103 | -168 | -1,278 | -137 | -731 | -1,001 | -748 | 161 | -1,691 | -40 | -1,519 |
Net Cash Flow | -22 | 141 | -64 | -72 | -17 | 52 | 72 | 241 | 65 | -398 | 440 | 34 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 89 | 83 | 95 | 78 | 82 | 69 | 55 | 73 | 48 | 75 | 59 | 61 |
Inventory Days | 150 | 214 | 188 | 218 | 166 | 160 | 128 | 175 | 170 | 125 | 135 | 146 |
Days Payable | 43 | 57 | 31 | 35 | 32 | 92 | 72 | 121 | 74 | 105 | 96 | 81 |
Cash Conversion Cycle | 196 | 240 | 251 | 261 | 216 | 137 | 110 | 128 | 144 | 94 | 99 | 126 |
Working Capital Days | 80 | 47 | 59 | 78 | 84 | 59 | 55 | 67 | 45 | 57 | 53 | 46 |
ROCE % | 7% | 10% | 8% | 9% | 10% | 12% | 12% | 8% | 9% | 13% | 22% | 21% |
Direct from BSE filings, auto-summarised
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