Jindal Saw Key Ratios
NSE: JINDALSAW | BSE: 500378
₹309.65
As on 31-Aug-2026IST
Market cap
₹19,802 Cr
Revenue (TTM)
₹18,263 Cr
P/E Ratio
30.3
P/B Ratio
1.6
Div. Yield
0.6 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -3.91 | 9.00 | -8.57 | -0.96 | 8.93 |
| EBIT | -25.83 | -54.91 | -50.97 | -5.51 | 5.09 |
| Net Profit | -25.28 | -75.43 | -62.04 | -10.73 | 6.36 |
| EPS | -25.28 | -75.43 | -55.59 | -9.97 | 6.36 |
| Book Value | -- | -- | 10.30 | 16.58 | 12.44 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 11.80 | 9.42 | 7.12 | 8.56 | 13.14 |
| Net Margin
| 8.10 | 4.97 | 3.25 | 5.13 | 6.93 |
| Return on equity
| 13.71 | 10.05 | 5.30 | 7.74 | 13.62 |
| Return on Capital
| 17.05 | 13.76 | -- | 10.38 | 18.73 |
| Return on Assets
| 7.75 | 4.93 | 2.81 | 4.38 | 7.05 |
| Debt to Equity (x)
| -- | -- | 0.12 | 0.32 | 0.41 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
--
|
10.38
|
18.73
|
20.58
|
10.53
|
|
Peer Median
|
--
|
12.70
|
14.07
|
--
|
--
|
ROE
5.30
Lower than Peers by 4.92
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
5.30
|
7.74
|
13.62
|
17.74
|
5.91
|
|
Peer Median
|
10.22
|
9.58
|
12.37
|
--
|
--
|
ROA
2.81
Lower than Peers by 2.30
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
2.81
|
4.38
|
7.05
|
8.26
|
2.63
|
|
Peer Median
|
5.11
|
5.36
|
7.53
|
--
|
--
|
EBIT Margin
7.12
Lower than Peers by 1.03
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
7.12
|
8.56
|
13.14
|
12.45
|
6.35
|
|
Peer Median
|
8.15
|
8.84
|
8.78
|
--
|
--
|
Net Margin
3.25
Lower than Peers by 2.18
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
3.25
|
5.13
|
6.93
|
7.49
|
2.49
|
|
Peer Median
|
5.44
|
6.18
|
6.53
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
--
|
8.69
|
9.89
|
10.31
|
5.16
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-8.57
Lower than Peers by 12.74
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
-8.57
|
-14.08
|
-0.61
|
17.29
|
34.36
|
|
Peer Median
|
4.17
|
12.22
|
3.51
|
--
|
--
|
EBIT Growth
-50.97
Lower than Peers by 64.96
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
-50.97
|
-44.03
|
4.88
|
130.07
|
28.50
|
|
Peer Median
|
13.98
|
32.20
|
2.75
|
--
|
--
|
Net Profit Growth
-62.04
Lower than Peers by 82.56
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
-62.04
|
-36.54
|
-8.46
|
252.57
|
20.19
|
|
Peer Median
|
20.52
|
29.90
|
-1.04
|
--
|
--
|
EPS Growth
-55.59
Lower than Peers by 70.89
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
-55.59
|
-44.01
|
3.66
|
160.43
|
56.39
|
|
Peer Median
|
15.30
|
35.22
|
-1.70
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
--
|
10.30
|
13.37
|
26.69
|
7.56
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.12
Lower than Peers by 0.01
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
0.12
|
0.32
|
0.41
|
0.56
|
0.60
|
|
Peer Median
|
0.12
|
0.31
|
0.35
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
--
|
0.20
|
0.23
|
0.28
|
0.32
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.61
Higher than Peers by 0.23
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
1.61
|
1.61
|
1.45
|
1.24
|
1.12
|
|
Peer Median
|
1.38
|
1.49
|
1.48
|
--
|
--
|
Quick Ratio
0.76
Higher than Peers by 0.15
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
0.76
|
0.76
|
0.74
|
0.65
|
0.60
|
|
Peer Median
|
0.61
|
0.76
|
0.73
|
--
|
--
|
Interest Coverage
2.51
Lower than Peers by 1.92
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
2.51
|
2.74
|
4.77
|
4.14
|
2.12
|
|
Peer Median
|
4.43
|
3.59
|
4.94
|
--
|
--
|
Operating Efficiency
Debtors to sales
16.94
Higher than Peers by 7.24
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
16.94
|
17.29
|
17.11
|
16.55
|
19.94
|
|
Peer Median
|
9.70
|
10.92
|
11.58
|
--
|
--
|
Asset Turnover
0.86
Lower than Peers by 0.13
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
0.86
|
0.85
|
1.01
|
1.09
|
1.04
|
|
Peer Median
|
0.99
|
1.08
|
1.13
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
--
|
67.89
|
61.63
|
61.24
|
54.83
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
--
|
103.90
|
86.00
|
78.37
|
80.28
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
--
|
61.16
|
51.19
|
62.82
|
74.10
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
--
|
110.63
|
96.44
|
76.79
|
61.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
30.30
Higher than Peers by 3.18
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
30.30
|
12.04
|
9.94
|
4.12
|
7.23
|
|
Peer Median
|
27.12
|
27.12
|
25.84
|
--
|
--
|
Price / Book Value
1.57
Lower than Peers by 0.76
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
1.57
|
0.93
|
1.52
|
1.38
|
0.59
|
|
Peer Median
|
2.33
|
2.58
|
2.59
|
--
|
--
|
Dividend Yield
0.65
Higher than Peers by 0.35
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
0.65
|
1.09
|
0.74
|
0.93
|
2.06
|
|
Peer Median
|
0.30
|
0.29
|
0.40
|
--
|
--
|
EV/EBITDA
11.43
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
11.43
|
6.60
|
5.96
|
5.30
|
4.97
|
|
Peer Median
|
--
|
19.82
|
16.36
|
--
|
--
|
Market Cap
19,802
Higher than Peers by 13,530
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Jindal Saw
|
19,802
|
11,720
|
17,273
|
13,817
|
4,655
|
|
Peer Median
|
6,273
|
3,874
|
3,320
|
--
|
--
|