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Jindal Saw share price & results

Jindal Saw· Capital Goods· Industrials

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

India's leading iron & steel pipe maker - SAW, ductile-iron, seamless & stainless pipes, plus pellets

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue4,472 ₹ crore+5.6% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin6.0 %−5.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit35.0 ₹ crore−74.8% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity4.35 %−8.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin3.95 %−2.4 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)-0.74 %−13.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

2 of 9 judged targets kept · 11 open · verdicts reflect calls analysed to Q2 FY27.

Jindal Saw management guidance track record on Inve: 20 targets tracked across analysed earnings calls (2 achieved, 7 missed, 11 open).

TargetOriginal wordingSaidLatest callVerdict
Export Revenue MixImprove export mix to 20-25%
Call transcript, Q2 FY25 · 21 Oct 2024		Q2 FY25Q2 FY27:The order book composition shows export value at 28% of the total, which is above the original target range.
Call transcript, Q2 FY27 · 19 Oct 2026		Achieved
EBITDA MarginMaintain 18-19% EBITDA Margin
Call transcript, Q2 FY25 · 21 Oct 2024		Q2 FY25Q2 FY27:Reported consolidated EBITDA margin of 8.0%, continuing to miss the target significantly. Management has issued new guidance for a return to double-digit margins from Q3/Q4 FY27.
Call transcript, Q2 FY27 · 19 Oct 2026		Missed
GCC Projects CommissioningFebruary 2028
Call transcript, Q3 FY26 · 19 Jan 2026		Q3 FY26Q2 FY27:Management reiterated the delayed timeline, targeting commercial operations for both Abu Dhabi and Saudi projects in the FY28-FY29 timeframe.
Call transcript, Q2 FY27 · 19 Oct 2026		Delayed

Source: Inve Guidance Tracker for Jindal Saw · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

7 of Jindal Saw's 20 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.

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Price

₹244.85 +5.63% · +₹13.05

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +35.9% 1Y

₹150₹200₹250₹300Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 24 Oct 2025Q3 FY26 — 19 Jan 2026Q4 FY26 — 28 Apr 2026Q1 FY27 — 15 Jul 2026Q2 FY27 — 19 Oct 2026

1Y: ₹180.22 on 24 Oct 2025 → ₹244.85. High ₹317.5 (10 Sept 2026), low ₹154.64 (16 Jan 2026).

Previous close
₹231.8
Market cap
₹16.0k Cr
52-week range
₹154.64 – ₹317.5
One year
+37.10%
Price to earnings (TTM to Sept 2026)
29.07×
Return on equity (TTM to Sept 2026)
4.35%

Overview

Symbol
NSE:JINDALSAW
Industry
Industrials
Exchange
NSE
Currency
INR

What Jindal Saw does

Based on the company's own presentations, annual report and earnings calls.

Jindal Saw manufactures a wide range of iron and steel pipes and tubes - Helical & Longitudinal Submerged Arc Welded (SAW/LSAW) pipes, centrifugal-cast ductile iron (DI) pipes and fittings, carbon/alloy steel seamless pipes, and stainless steel seamless & welded pipes and tubes - serving oil & gas, water supply and sanitation (WSS), and industrial customers. It also mines low-grade magnetite iron ore and processes it into pellets at its own beneficiation and pelletisation plant. The company earns from a mix of domestic and export project orders, with a large share of exports directed to the MENA region and Latin America, and roughly a quarter of revenue coming from the Oil & Gas sector.

Segments

  • Iron & Steel Pipes
  • Pellets & Mining
Manufacturing facilities
16 (India and overseas)
Market position
World's 3rd-largest producer of corrosion-resistant (ductile iron) pipes
Employees
20,000+
Export footprint
Products supplied to 80+ countries
Samaghogha (Gujarat) integrated pipe plant capacity
580,000 MT/annum (near Mundra port; includes coke oven battery, sinter plants, blast furnaces and DI pipe units)
Abu Dhabi (UAE) DI pipe facility capacity
300,000 MT/annum installed capacity
Founded 1984Headquarters A-1, UPSIDC Industrial Area, Nandgaon Road, Kosi Kalan, District Mathura, Uttar Pradesh - 281403, India Company website

How the price took the results

close before → close after

Q2 FY27
−2.0%
19 Oct
Q1 FY27
−1.3%
15 Jul
Q4 FY26
−2.0%
28 Apr
Q3 FY26
+15.9%
19 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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