JINDRILL

Jindal Drilling And Industries share price & financials

Price
₹580.2
Market cap
₹1.7k Cr
Sector
Oil, Gas & Consumable Fuels
Calls analysed
6
Latest concall · Q1 FY27 · call held 10 Aug 2026

Jindal Drilling And Industries Limited Q1 FY27

Total Revenue — EBITDA —

What went well

  • Receipt of a new contract from ONGC for one rig, expected to be deployed by October 2026.
  • Order book stands at INR 1,310 crores, providing revenue visibility.
  • Company remains the largest offshore jack-up drilling contractor in India with ONGC.

What to watch

  • Three rigs are due for dehire and refurbishment within the current financial year, leading to 4-6 months of no revenue from these assets in H2 FY27.
  • Recent contract day rates were lower than expected, with a bid of $62,000 pushed down to approximately $47,800.
Read the full call →

What Jindal Drilling And Industries Limited does

Jindal Drilling and Industries Limited is an offshore drilling services contractor that charters jack-up rigs on long-term contracts, principally to Oil and Natural Gas Corporation (ONGC) for oilfields off the Indian coast. Alongside rig hire, it earns revenue from ancillary directional-drilling and mud-logging services supplied to oil & gas operators. The company owns some rigs outright and rents others, and also holds stakes in two Singapore-incorporated joint ventures that previously owned part of the fleet.

Segments

  • Rig (offshore drilling)
  • Directional Drilling
  • Mud Logging
Offshore jack-up rig fleet
6 rigs (3 owned, 3 rented)
Rigs currently deployed with ONGC in India
5 rigs
Rig under refurbishment
1 (Jindal Pioneer, refurbishing in UAE)
Directional drilling sets operated (FY25 average)
8 sets
Mud logging sets operated (FY25 average)
6 sets
Offshore drilling track record
35+ years of experience
Founded 1983Headquarters Gurgaon, Haryana, IndiaEmployees 649 (2025-03-31) Company website

Guidance record · Q1 FY27

what the last two calls moved 12 tracked 3 delivered 4 missed 5 open
  • Revenue went quiet said Q4 FY25 Promised: Higher than INR898 crores Q1 FY27: The fiscal year 2026 has concluded, but management did not provide the final revenue figure to verify the achievement of this target.
  • EBITDA diluted said Q1 FY26 Promised: In the range of INR360 crores to INR380 crores Q1 FY27: Guidance shifted to a blended 35% margin, with an expected revenue decline and absolute earnings decline in H2 FY27, moving away from a firm annual INR target.
  • Rig Deployment open said Q1 FY27 Promised: Deploy by October 2026 Q1 FY27: That rig is currently under refurbishment in UAE, and we expect to deploy it as early as October of 2026.

All 12 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 8.3%, net profit down 7.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue172 239 245 254 238 +38%242 +1%263 +7%275 +8%
EBITDA31 81 87 107 93 +200%72 −11%78 −10%104 −3%
Net profit16 49 53 56 121 +656%-37 −176%32 −40%52 −7%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +5.2% 1Y

₹450₹500₹550₹600₹650Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 13 Nov 2025Q3 FY26 — 30 Jan 2026Q1 FY27 — 10 Aug 2026

1Y: ₹602.05 on 10 Sept 2025 → ₹633.25. High ₹678 (8 Sept 2026), low ₹445.3 (27 Feb 2026).

How the price took the results

close before → close after

Q1 FY27
−5.4%
10 Aug
Q3 FY26
+0.9%
30 Jan
Q2 FY26
+1.6%
13 Nov

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.

Financials, as filed

Revenue grew 24.9% a year over 3 years, FY23 to FY26. Operating margin widened to 35.1%.

Year endingFY23FY24FY25FY26
Revenue₹512 Cr₹617 Cr₹827 Cr₹997 Cr
Operating profit₹168 Cr₹199 Cr₹238 Cr₹350 Cr
Operating margin32.8%32.3%28.8%35.1%
Interest₹7 Cr₹13 Cr₹16 Cr₹9 Cr
Depreciation₹64 Cr₹64 Cr₹89 Cr₹151 Cr
Net profit₹105 Cr₹114 Cr₹141 Cr₹172 Cr
Net margin20.5%18.5%17.0%17.3%
Cash from operations₹64 Cr₹-44 Cr₹864 Cr₹178 Cr
Free cash flow₹50 Cr₹-57 Cr₹33 Cr₹129 Cr
ROCE13.0%12.0%14.0%14.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹14 Cr
Reserves₹883 Cr₹945 Cr₹1.1k Cr₹1.2k Cr₹1.8k Cr₹1.5k Cr
Borrowings₹330 Cr₹220 Cr₹207 Cr₹294 Cr₹117 Cr₹93 Cr
Other liabilities₹269 Cr₹270 Cr₹323 Cr₹368 Cr₹682 Cr₹560 Cr
Total liabilities₹1.5k Cr₹1.4k Cr₹1.6k Cr₹1.8k Cr₹2.6k Cr₹2.1k Cr
Fixed assets₹502 Cr₹651 Cr₹602 Cr₹551 Cr₹1.2k Cr₹1.2k Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹7 Cr
Investments₹187 Cr₹206 Cr₹235 Cr₹243 Cr₹324 Cr₹407 Cr
Other assets₹807 Cr₹593 Cr₹757 Cr₹1.0k Cr₹1.0k Cr₹524 Cr
Total assets₹1.5k Cr₹1.4k Cr₹1.6k Cr₹1.8k Cr₹2.6k Cr₹2.1k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters added +2.54 pp while FIIs trimmed −1.71 pp. The shareholder count grew 29% to 42,625.

Promoters
66.8%
FIIs
0.4%
DIIs
0.0%
Public
32.8%

Since Jun 2025

  • Promoters +2.54 pp
  • FIIs −1.71 pp
  • DIIs −0.48 pp

How it drifted, 12 quarters

Over this window the public fell from 36.3% to 32.8% — −3.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 63.4%, FIIs 0.3%, Public 36.3%.Dec '23: Promoters 63.4%, FIIs 0.3%, DIIs 0.8%, Public 35.5%.Mar '24: Promoters 64.3%, FIIs 0.4%, DIIs 0.8%, Public 34.5%.Jun '24: Promoters 64.3%, FIIs 0.3%, DIIs 1.1%, Public 34.4%.Sep '24: Promoters 64.3%, FIIs 0.5%, DIIs 1.1%, Public 34.2%.Dec '24: Promoters 64.3%, FIIs 0.6%, DIIs 1.1%, Public 34.0%.Mar '25: Promoters 64.3%, FIIs 2.0%, DIIs 0.9%, Public 32.8%.Jun '25: Promoters 64.2%, FIIs 2.1%, DIIs 0.5%, Public 33.1%.Sep '25: Promoters 64.4%, FIIs 2.0%, DIIs 0.2%, Public 33.4%.Dec '25: Promoters 66.4%, FIIs 0.8%, Public 32.7%.Mar '26: Promoters 66.8%, FIIs 0.6%, Public 32.6%.Jun '26: Promoters 66.8%, FIIs 0.4%, DIIs 0.0%, Public 32.8%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Jindal Drilling And Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Jindal Global Finance And Investment Ltd 17.40%unchanged
Sudha Apparels Limited 13.43%unchanged
Stable Trading Co Limited 10.56%unchanged
Crishpark Vincom Ltd 10.39%unchanged
Jindal Pipes Limited 9.32%unchanged
Babul Holdings Pvt. Ltd. 3.45%unchanged
Odd & Even Trades & Finance Limited 1.46%unchanged
Bhagyalaxmi Finlease & Investment Pvt. Ltd. 1.34%unchanged
Power Buildwell Private Limited 0.85%unchanged
Raghav Jindal 0.67%unchanged
Dharam Pal Jindal 0.63%unchanged
Saket Jindal 0.60%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Jindal Drilling And Industries Limited

Guides on how to read this kind of business and the numbers that matter.