Jindal Saw Ltd.
NSE: JINDALSAWJindal Saw Ltd.: A 30-second snapshot
Jindal SAW trades at Rs 229.09, up 8.5% over 12 months and 16.4% over 3 months, sitting above both its 50-DMA (Rs 209.58) and 200-DMA (Rs 191.99). Trailing PE stands at 15.0, the lowest among 6 Infrastructure peers tracked, against a backdrop of 5-year earnings declining 52.2% and 5-year revenue declining 8.2%. Debt-to-equity of 38.19 and a quality score of 17 out of 100 (ranked 6th of 6 peers) are the headline fundamental concerns.
P/E
15.0
Forward P/E
9.3
ROE
+8.0%
Debt / Equity
38.19
Profit Margin
+5.4%
Div. Yield
+0.9%
5Y ROE > 15%
2/5
5Y FCF > 0
4/5
Quality
38/100
News
4 headlines · 1 positive · 1 negative
Jindal SAW Q4 Results 2026 - Find Jindal SAW Q4 Earnings Result | JINDALSAW Q4 results - Mint
Mint
Jindal Saw Limited Recommends Dividend for the Financial Year Ended 31 March, 2026 - marketscreener.com
marketscreener.com
JINDALSAW: Revenue and profit fell year-over-year, but a ₹2/share dividend was recommended - TradingView
TradingView
ETFs Investing in Jindal Saw Limited Stocks - TradingView
TradingView
Recent context
- ·Q4 FY26 results reported in late April 2026 showed year-over-year declines in both revenue and profit; management cited MENA market disruptions as a contributing factor alongside a Rs 2/share dividend recommendation despite the contraction.
- ·The stock is 12.0% below its 52-week high; the nearest resistance cluster sits at Rs 249.45-249.79, approximately 9% above current price, while the nearest support level is at Rs 218.95.
- ·Analyst coverage on record consists of 2 analysts with a mean rating of 1.0 on a 1-5 scale (lower = more constructive); the statistical weight of this consensus is limited given the very small sample size.
Strengths
- +Price momentum is positive across near and medium term: +16.4% over 3 months and +8.5% over 12 months, with the stock above both its 50-DMA and 200-DMA at current levels.
- +Trailing PE of 15.0 is the lowest in the tracked peer group; the next peer (Larsen and Toubro) trades at 33.4x, placing JINDALSAW at a pronounced discount on this multiple.
- +FCF was positive in 4 of the tracked years, indicating the business generated cash in the majority of observed periods despite declining reported earnings.
- +Forward PE of 9.3 implies market expectations of meaningful earnings improvement relative to the current trailing figure, suggesting the current earnings base may reflect a cyclically depressed period.
Weaknesses
- −5-year earnings CAGR of -52.2% and 5-year revenue CAGR of -8.2% reflect sustained deterioration across both top-line and bottom-line, confirmed by further year-over-year declines in Q4 FY26.
- −Debt-to-equity of 38.19 is the most acute balance-sheet metric in this analysis; at this leverage level, combined with declining earnings, financial flexibility is compressed and refinancing sensitivity is elevated.
- −ROE of 7.96% is below the threshold at which capital reliably compounds; only 2 of the tracked years saw ROE exceed 15%, and the quality score of 17 out of 100 ranks last among the 6 infrastructure peers in this comparison.
- −Profit margin of 5.44% and a consistency score of 53 reflect limited earnings durability; with debt trend characterised as flat rather than improving, margin pressure is not being offset by deleveraging progress.
Open questions
- ?Does the gap between trailing PE (15.0) and forward PE (9.3) reflect credible earnings recovery visibility in the order book, or does it embed assumptions about MENA demand normalisation that remain uncertain?
- ?Given debt-to-equity of 38.19 and a flat debt trend over the tracked period, what is the interest coverage ratio at current earnings levels, and how does it move under a further 10-20% earnings decline scenario?
- ?The 5-year earnings decline of 52.2% sits alongside FCF positive in 4 of 5 tracked years: does this divergence reflect working-capital movements, asset write-downs, or a structural difference between accrual and cash earnings?
- ?What proportion of JINDALSAW revenue is exposed to MENA infrastructure spending cycles, and how concentrated is the order book in geographies that have shown demand volatility in recent quarters?
Peer comparison: Infrastructure
Ranks 6 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| JINDALSAW | Jindal Saw Ltd.You're viewing | 15.0 | +8.0% | 17 |
| Industry avg | across 5 peers | 69.4 | +18.3% | 40 |
| BEL | Bharat Electronics Ltd. | 51.9 | — | 57 |
| ABB | ABB India Ltd. | 86.8 | — | 47 |
| CGPOWER | CG Power and Industrial Solutions Ltd. | 108.5 | +19.6% | 45 |
| LT | Larsen & Toubro Ltd. | 33.4 | +16.9% | 26 |
| CUMMINSIND | Cummins India Ltd. | 66.5 | — | 24 |
Technical state
Current price
₹229.09
SMA 50
₹209.58
SMA 200
₹191.99
RSI (14)
51.8 (neutral)
From 52w high
-12.0%
1Y return
+8.5%
3M return
+16.4%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- high5-year earnings CAGR of -52.2% alongside 5-year revenue decline of -8.2% points to sustained deterioration in both top-line and bottom-line. Q4 FY26 results confirmed a further year-over-year decline in revenue and profit.
- highDebt-to-equity of 38.19 is substantially elevated relative to infrastructure peers and to non-financial sector norms. Combined with a declining earnings trajectory, the debt load amplifies balance-sheet risk.
- mediumROE of 7.96% reflects weak capital productivity; only 2 of the tracked years recorded ROE above 15%. Quality score of 17 ranks last (6th of 6) among the infrastructure peer group.
- mediumNews coverage is sparse at 4 articles total. The most substantive item (TradingView, 27 Apr 2026) explicitly cites year-over-year revenue and profit decline in Q4 FY26, alongside a Rs 2/share dividend recommended despite the earnings contraction.
- lowTrailing PE of 15.0 is lowest among 6 infrastructure peers (next lowest: Larsen and Toubro at 33.4), a discount consistent with the last-place quality score (17 of 100) and the multi-year earnings deterioration.
Cross-section contradictions
- Price is up 8.5% over 1 year and 16.4% over 3 months, and trades above both the 50-DMA (Rs 209.58) and 200-DMA (Rs 191.99), while the company recorded a 5-year earnings CAGR of -52.2% and a further year-over-year decline in Q4 FY26.
- Forward PE of 9.3 implies the market is pricing in a substantial earnings recovery from the trailing PE of 15.0, yet the 5-year trajectory shows persistent revenue contraction and ROE above 15% in only 2 of tracked years.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 17 May 2026 · rotates through NIFTY 500 every ~5 days