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Jindal Saw Ltd logo

Jindal Saw Ltd

NSE: JINDALSAW BSE: 500378

192.50

(16.07%)

Fri, 13 Mar 2026, 07:42 pm

Jindal Saw Analysis

dividend

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Pros

  • Dividends per share have increased over the past 10 years.
  • Dividends paid are thoroughly covered by earnings (16.5x coverage).
  • Dividends after 3 years are expected to be well covered by earnings (3.8x coverage).
  • Dividends per share have been stable in the past 10 years.
  • Jindal Saw's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • Jindal Saw's dividend is above the markets top 25% of dividend payers in India (3.08%).
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Cons

    future

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    Pros

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      Cons

      • Cash flow for Jindal Saw is expected to decrease over the next 2 years.
      • Jindal Saw's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
      • Jindal Saw's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
      • Jindal Saw's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.2%.
      • Jindal Saw's earnings are expected to decrease over the next year.
      • Jindal Saw's net income is expected to decrease over the next 2 years.
      • Jindal Saw is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
      • Performance (ROE) is not expected to exceed the current IN Metals and Mining industry average.
      • A decline in Jindal Saw's performance (ROE) is expected over the next 3 years.
      • Jindal Saw's revenue is expected to decrease over the next 2 years.
      • Jindal Saw's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
      • Jindal Saw's revenues are expected to decrease over the next 1-3 years, this is below the India market average.

      health

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      Pros

      • Jindal Saw is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
      • Jindal Saw is profitable, therefore cash runway is not a concern.
      • Jindal Saw is profitable, therefore cash runway is not a concern.
      • Debt is covered by short term assets, assets are 1.1x debt.
      • Jindal Saw's cash and other short term assets cover its long term commitments.
      • The level of debt compared to net worth has been reduced over the past 5 years (151.2% vs 85.3% today).
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      Cons

      • Debt is not well covered by operating cash flow (19.5%, less than 20% of total debt).
      • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
      • Jindal Saw's level of debt (85.3%) compared to net worth is high (greater than 40%).
      • High level of physical assets or inventory.

      management

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      Pros

      • The tenure for the Jindal Saw board of directors is about average.
      • Neeraj's compensation has been consistent with company performance over the past year, both up more than 20%.
      • The average tenure for the Jindal Saw management team is over 5 years, this suggests they are a seasoned and experienced team.
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      Cons

      • Neeraj's remuneration is higher than average for companies of similar size in India.

      misc

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      Pros

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        Cons

        • Jindal Saw is covered by less than 3 analysts.
        • Jindal Saw has significant price volatility in the past 3 months.

        past

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        Pros

        • Jindal Saw's 1-year earnings growth exceeds its 5-year average (51.4% vs 47.7%)
        • Jindal Saw has delivered over 20% year on year earnings growth in the past 5 years.
        • Jindal Saw used its assets more efficiently than the IN Metals and Mining industry average last year based on Return on Assets.
        • Jindal Saw has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
        • Jindal Saw's earnings growth has exceeded the IN Metals and Mining industry average in the past year (51.4% vs -4.8%).
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        Cons

        • Jindal Saw has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).

        value

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        Pros

        • Jindal Saw's share price is below the future cash flow value, and at a moderate discount (> 20%).
        • Jindal Saw is good value based on assets compared to the IN Metals and Mining industry average.
        • Jindal Saw is good value based on earnings compared to the IN Metals and Mining industry average.
        • Jindal Saw is good value based on earnings compared to the India market.
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        Cons

        • Jindal Saw's share price is below the future cash flow value, but not at a substantial discount (< 40%).
        • Jindal Saw earnings are not expected to grow next year, we can't assess if its growth is good value.
        • 500378 underperformed the Metals and Mining industry which returned -28.6% over the past year.
        • 500378 underperformed the Market in India which returned -14.5% over the past year.
        • BSE:500378 is up 6.3% underperforming the Metals and Mining industry which returned 7.5% over the past month.
        • BSE:500378 is up 6.3% underperforming the market in India which returned 8% over the past month.

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