Here's a look at Jindal Saw Ltd. (JINDALSAW), from its financial performance to how the market is valuing the stock.
Jindal Saw Revenue Trend
Revenue at Jindal Saw Ltd. fell to ₹17,987 Cr in FY2026, a 13.6% drop from ₹20,829 Cr in FY2025.
Zoom out, though, and the 10-year revenue CAGR of 8.9% shows Jindal Saw Ltd. growing at a moderate, sustainable pace.
At ₹17,987 Cr, Jindal Saw Ltd.'s revenue base places it in the major bracket among steel and steel products companies in India.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹17,987 Cr | -13.6% |
| FY2025 | ₹20,829 Cr | -1.4% |
| FY2024 | ₹21,126 Cr | +17.1% |
| FY2023 | ₹18,046 Cr | +34.2% |
| FY2022 | ₹13,451 Cr | — |
View Jindal Saw Ltd.'s full 10-year revenue trend with CAGR analysis →
Jindal Saw Profitability
Net income fell to ₹925 Cr in FY2026 for Jindal Saw Ltd., a 46.8% decline year-over-year.
The net profit margin narrowed to 5.1% in FY2026, down from 8.3% in FY2025.
Diluted EPS slipped to ₹15.23 in FY2026, compared with ₹27.22 in FY2025.
Is Jindal Saw Undervalued
Using the P/E Ratio method, Jindal Saw Ltd.'s fair value works out to ₹151, 42.4% downside from the current price.
Shares of Jindal Saw Ltd. currently trade at ₹261.55.
Craytheon also calculates intrinsic value through the EPS Growth and DCF models. Assumptions and the full breakdown appear in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹151 | 42.4% downside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Jindal Saw Ltd. with detailed assumptions →
Jindal Saw Shareholding Pattern
Promoter holding held steady at 63.2% over the past 4 quarters, a sign of confidence in the company's direction.
Foreign institutional investors trimmed their stake to 13.5% from 15.1% over the past year.
As of March 2026, domestic institutional investors (DIIs) held 5.8%, up from 4.8% a year earlier.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 63.2% | 13.5% | 5.8% | 17.2% |
| Dec 2025 | 63.2% | 14.1% | 3.5% | 18.8% |
| Sep 2025 | 63.2% | 15.3% | 4.4% | 16.7% |
| Jun 2025 | 63.3% | 15.1% | 4.8% | 16.5% |
Track quarterly shareholding changes for Jindal Saw Ltd. →
Jindal Saw Balance Sheet
Proportional view as of 7 Jul 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹216.86B at the end of FY2026, up 4.4% from ₹207.79B a year earlier.
Property, Plant & Equipment is the largest block at 46.9%, followed by Inventories at 24.3% and Receivables at 14.3%.
Equity makes up 56.6% of liabilities and equity, with debt at 21.6% and operating liabilities at 21.7%. Over the year, debt is down 3.5% and equity is up 12.1%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 4.19B |
| Receivables | 30.94B |
| Inventories | 52.67B |
| Property, Plant & Equipment | 101.63B |
| Investments | 926.98M |
| Intangibles & Goodwill | 647.99M |
| Other Assets | 25.86B |
| Category | Value |
|---|---|
| Equity | 122.83B |
| Short-term Debt | 25.67B |
| Long-term Debt | 21.24B |
| Trade Payables | 26.23B |
| Other Liabilities | 20.90B |
Jindal Saw Key Highlights
Pulling the key threads together on Jindal Saw Ltd. (JINDALSAW) as a steel and steel products investment opportunity.
FY2026 revenue came in at ₹17,987 Cr, down 13.6% year-over-year.
Over the past 10 years, revenue has compounded at 8.9% annually.
Profitability remains intact, with a 5.1% net margin and ₹925 Cr in net income.
The P/E Ratio model implies 42.4% downside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
For the complete 10-year financial history with interactive charts and growth analysis, explore Jindal Saw Ltd.'s detailed profile on Craytheon.